MIRA INFORM REPORT

Report No. :	499340
Report Date :	24.03.2018

IDENTIFICATION DETAILS

Name :	LUDWIG H.O. SCHROEDER & RUDOLPH HAMANN OHG

Registered Office :	Pickhuben 6, D 20457 Hamburg

Country :	Germany

Financials (as on) :	31.12.2017 [Summarized]

Date of Incorporation :	24.10.1907

Com. Reg. No.:	HRA 72944

Legal Form :	General Partnership

Line of Business :	Wholesale of Coffee, Tea, Cocoa and Spices

No. of Employees :	9

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Acceptable Risk

Business dealings permissible with moderate risk of default

Status :	Good

Payment Behaviour :	Regular

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

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 & address

LUDWIG H.O. SCHROEDER & RUDOLPH HAMANN OHG

Company Status: active

Pickhuben 6

D 20457 Hamburg

Telephone:040/374840-0

Telefax: 040/374840-40

Homepage: www.shtea.de

E-mail: tea@shtea.de

VAT no.: DE118909287

Tax ID number: 48/641/00134

LEGAL FORM General Partnership

Date of foundation: 24.10.1907

Registered on: 18.10.1952

companies: Local court 20355 Hamburg

under: HRA 72944

General partner:

Marcus Wulf

D 20457 Hamburg

born: 09.10.1966 in Hamburg

Profession: Businessman

Marital status: married

General partner:

Marcus Wulf Hamburger Handels- &

Beteiligungsgesellschaft mbH

Pickhuben 6

D 20457 Hamburg

Legal form: Private limited company

Share capital: EUR 25,000.00

Registered on: 09.12.2004

Reg. data: 20355 Hamburg, HRB 92264

Shareholder:

HTH Hamburger Teehandel GmbH Im- & Export

Pickhuben 6

D 20457 Hamburg

Legal form: Private limited company

Share capital: EUR 512,500.00

Share: EUR 25,000.00

Registered on: 23.06.1989

Reg. data: 20355 Hamburg, HRB 42314

Manager:

Marcus Wulf

D 20457 Hamburg

having sole power of representation

born: 09.10.1966 in Hamburg

Profession: Businessman

Marital status: married

Further functions/participations of Marcus Wulf (General partner)

Shareholder:

HTH Hamburger Teehandel GmbH Im- & Export

Pickhuben 6

D 20457 Hamburg

Legal form: Private limited company

Share capital: EUR 512,500.00

Share: EUR 486,875.00

Registered

on: 23.06.1989

Reg. data: 20355 Hamburg, HRB 42314

Shareholder:

HSG Hanse Sport GmbH

Lindenkoppel 5

D 22399 Hamburg

Legal form: Private limited company

Share capital: EUR 52,500.00

Share: EUR 26,250.00

Registered

on: 24.08.2009

Reg. data: 20355 Hamburg, HRB 110642

Manager:

HTH Hamburger Teehandel GmbH Im- & Export

Pickhuben 6

D 20457 Hamburg

Legal form: Private limited company

Share capital: EUR 512,500.00

Registered

on: 23.06.1989

Reg. data: 20355 Hamburg, HRB 42314

Manager:

HSG Hanse Sport GmbH

Lindenkoppel 5

D 22399 Hamburg

Legal form: Private limited company

Share capital: EUR 52,500.00

Registered

on: 24.08.2009

Reg. data: 20355 Hamburg, HRB 110642

Manager:

Marcus Wulf Hamburger Handels- &

Beteiligungsgesellschaft mbH

Pickhuben 6

D 20457 Hamburg

Legal form: Private limited company

Share capital: EUR 25,000.00

Registered

on: 09.12.2004

Reg. data: 20355 Hamburg, HRB 92264

COMPANY HISTORY

company name and legal form

01.01.1997 - 31.01.2005 Ludwig H. O. Schroeder & Rudolf Hamann

OHG

Pickhuben 5

D 20457 Hamburg

General Partnership

18.10.1952 - 31.12.1996 Ludwig H. O. Schroeder & Rudolf Hamann

Pickhuben 2

D 20457 Hamburg

General Partnership

BUSINESS ACTIVITIES

Main industrial sector

46370 Wholesale of coffee, tea, cocoa and spices

FINANCIAL INFORMATION

Payment experience: Regular

Negative information: We have no negative information at hand.

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 Pickhuben 6

D 20457 Hamburg

Real Estate of: Marcus Wulf Hamburger Handels- &

Beteiligungsgesellschaft mbH

Type of ownership: Tenant

Address Pickhuben 6

D 20457 Hamburg

Land register documents were not available.

BANKERS

DEUTSCHE BANK, 20079 HAMBURG

Sort. code: 20070000

BIC: DEUTDEHHXXX

UNICREDIT BANK - HYPOVEREINSBANK, 20454 HAMBURG

Sort. code: 20030000

BIC: HYVEDEMM300

FINANCIAL FIGURES

Financial year: 01.01. - 31.12.

Turnover: 2016 EUR 13,937,421.00

2017 EUR 13,900,000.00

further business figures:

Equipment: EUR 7,300.00

Ac/ts receivable: EUR 2,088,000.00

Liabilities: EUR 804,800.00

Employees: 9

- thereof permanent staff: 7

- Part-time employees: 1

- Freelancer: 1

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.13
UK Pound	1	INR 91.95
Euro	1	INR 80.34
EUR	1	INR 80.34

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

INFORMATION DETAILS

Analysis Done by :	NIS

Report Prepared by :	TPT

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.

MIRA INFORM REPORT

Company name & address

COMPANY HISTORY

BUSINESS ACTIVITIES

FINANCIAL INFORMATION

REAL ESTATE

BANKERS

FINANCIAL FIGURES

Unit