MIRA INFORM REPORT

 

 

Report No. :

498649

Report Date :

17.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

GLOBUS LOGISTIK GMBH & CO.KG

 

 

Registered Office :

Leipziger Str. 8, D 66606 St. Wendel

 

 

Country :

Germany

 

 

Date of Incorporation :

22.12.2006

 

 

Com. Reg. No.:

HRA 10086

 

 

Legal Form :

Non-specialized wholesale trade

 

 

Line of Business :

·         Non-specialized wholesale trade

·         Freight transport by road

·         Warehousing

·         Service activities incidental to transportation n.e.c

 

 

No. of Employees :

Not available

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

GERMANY - ECONOMIC OVERVIEW

 

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and a large increase in net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms.

Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong economic growth and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.

Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and in 2017 Germany reached a budget surplus of 0.7%. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016, though the target was already reached in 2012.

The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros during 2016-18, largely in infrastructure, is intended to spur needed private investment. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany plans to replace nuclear power largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, up from 9% in 2000. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production. Domestic consumption, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.

 

Source : CIA

 

Company name and address

 

Report on:           GLOBUS Logistik GmbH & Co.KG

 

Company Status:      active

Leipziger Str. 8

D 66606 St. Wendel

Telephone:06851/9090

Telefax:  06851/909600

E-mail:   kundenservice@globus.de

 

VAT no.:             DE250416438

 

 

Company summery

 

LEGAL FORM                Ltd partnership with priv. ltd. company as general partner

Registered on:              22.12.2006

Register of

companies:                   Local court 66121 Saarbrücken

under:                                       HRA 10086

 

Total cap. contribution:                EUR          2,000,000.00

 

Limited partner:

                     GLOBUS Logistik und Service GmbH

                     Leipziger Str. 8

                     D 66606 St. Wendel

                     Legal form: Private limited company

                     Share capital:     EUR          2,000,000.00

                     Share:             EUR          2,000,000.00

                     Registered on: 16.01.1998

                     Reg. data: 66121 Saarbrücken, HRB 81263

General partner:

                     GLOBUS Logistik Geschäftsführungs-GmbH

                     Leipziger Str. 8

                     D 66606 St. Wendel

                     Legal form: Private limited company

                     Share capital:     EUR             26,000.00

                     Registered on: 19.12.2006

                     Reg. data: 66121 Saarbrücken, HRB 16110

 

Shareholder:

                     Thomas Bruch

                     Welvertstr. 5

                     D 66606 St. Wendel

                     born: 25.04.1950

                     Share:             EUR             26,000.00

Manager:

                     Johannes Hartmut Scupin

                     2 Allee des Melezes

                     F 57350 Spicheren

                     having sole power of representation

                     born: 12.08.1957

                     Profession: Fully qualified political

                     economist

                     Marital status: unknown

Manager:

                     Norbert Schillo

                     Rauschenweg 17

                     D 66539 Neunkirchen

                     having sole power of representation

                     born: 23.09.1967

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

46903   Non-specialized wholesale trade

4941    Freight transport by road

5210    Warehousing

52299   Service activities incidental to transportation n.e.c.

 

 

BRANCHES AND FACTORIES

 

Branch:

                     GLOBUS Logistik GmbH & Co.KG

                     Globusallee

                     D 55411 Bingen

                     TEL.: 06721/7920

                     FAX.: 06721/792109

Branch:

                     GLOBUS Logistik GmbH & Co.KG

                     Neue Str. 4

                     D 04626 Löbichau

                     TEL.: 036602/50030

 

 

 

FINANCIAL INFORMATION

 

Payment experience:  No Complaints

 

Negative information:We have no negative information at hand.

 

Maximum credit:      690,000 EUR

 

                     The maximum credit is our recommendation for

                     the maximum credit limit for the inquired

                     company.

 

 

PMI:              No significant / relevant payment experience

                     information pertaining to the company

                     inquired upon is shown in the Deutscher

                     Debitoren Monitor (DDMonitor).

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Leipziger Str. 8

                     D 66606 St. Wendel

 

Real Estate of:      GLOBUS Logistik Geschäftsführungs-GmbH

Type of ownership:   Tenant

Address              Leipziger Str. 8

                     D 66606 St. Wendel

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK, 66005 SAARBRÜCKEN

Sort. code: 59040000

BIC: COBADEFFXXX

UNSERE VOLKSBANK ST. WENDELER LAND, 66606 ST. WENDEL

Sort. code: 59291000

BIC: GENODE51WEN

 

FINANCIAL FIGURES

Financial year:      01.07. - 30.06.

The number of employees is not known.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.87

UK Pound

1

INR 90.49

Euro

1

INR 79.91

Euro

1

INR 80.02

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

KET

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.