MIRA INFORM REPORT

 

 

Report No. :

509618

Report Date :

28.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

GUSTAV DAIBER GMBH

 

 

Registered Office :

Vor dem Weißen Stein 25-31, D 72461 Albstadt

 

 

Country :

Germany

 

 

Date of Incorporation :

25.06.1990

 

 

Com. Reg. No.:

HRB 400758

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Manufacture of other textiles n.e.c.

·         Manufacture of workwear

·         Agents involved in the sale of wardrobe accessories

·         Wholesale of clothing

 

 

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

 

GUSTAV DAIBER GMBH

 

Company Status:          Active

                     Vor dem Weißen Stein 25-31

                     D 72461 Albstadt

                     Telephone:07432/70160

                     Telefax:  07432/701699

                     Homepage: www.daiber.de

                     E-mail:   info@daiber.de

 

VAT no.:                       DE144848748

 

 

Company Summary

 

LEGAL FORM               Private Limited Company

Date of foundation:       25.06.1990

Shareholders'

agreement:                    25.06.1990

Registered on:              08.08.1990

Commercial Register:    Local court 70190 Stuttgart

under:                                       HRB 400758

 

 

Share capital                        

 

EUR                             255,645.94

 

Shareholder:

                     JCK Holding GmbH Textil KG

                     Artlandstr. 73

                     D 49610 Quakenbrück

                     Post Box:

                     12 51,  Quakenbrück

                     Legal form: Ltd partnership with priv. ltd.

                     company as general partner

                     Total cap.         EUR          5,112,918.82

                     contribution:

                     Share:             EUR            191,478.81

                     Registered on: 26.05.1992

                     Reg. data: 49074 Osnabrück, HRA 7104

Shareholder:

                     Rolf Daiber

                     Am Jausenteich 37

                     D 72458 Albstadt

                     born: 19.02.1954

                     Share:             EUR             64,167.13

Manager:

                     Rolf Daiber

                     Am Jausenteich 37

                     D 72458 Albstadt

                     born: 19.02.1954

                     Profession: Businessman

                     Marital status: single

Manager:

                     Kai-Michael Gminder

                     D 72461 Albstadt

                     born: 18.08.1977

Proxy:

                     Harald Wißmann

                     Blumenstr. 30

                     D 72459 Albstadt

                     Marital status: unknown

Proxy:

                     Herbert Wißmann

                     Burgfelder Str. 12

                     D 72459 Albstadt

                     born: 23.06.1939

                     Profession: Clerk

                     Marital status: unknown

Proxy:

                     Sigrid Gley

                     D 72461 Albstadt

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

06.12.2001 - 02.02.2018  Manager

                         Detlev Gehring

                         Friedrich-Ebert-Str. 26

                         D 49610 Quakenbrück

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

1399    Manufacture of other textiles n.e.c.

1412    Manufacture of workwear

46164   Agents involved in the sale of wardrobe accessories

46421   Wholesale of clothing

 

 

FINANCIAL INFORMATION

 

Payment experience:  cash discount/within agreed terms

 

Negative information: We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:        Tenant

Address                        Vor dem Weißen Stein 25-31

                                    D 72461 Albstadt

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

DEUTSCHE BANK, 72425 ALBSTADT

Sort. code: 65370075

BIC: DEUTDESS653

 

Further banks

COMMERZBANK, 72426 ALBSTADT

Sort. code: 65340004

BIC: COBADEFFXXX

POSTBANK, 70148 STUTTGART

Sort. code: 60010070

BIC: PBNKDEFFXXX

 

 

FINANCIAL FIGURES

 

Financial year:                                           01.01. - 31.12.

Share capital:                          EUR            255,645.94

 

The number of employees is not known.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 68.26

UK Pound

1

INR 91.22

Euro

1

INR 79.88

EUR

1

INR 78.87

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIS

 

 

Report Prepared by :

NIT

 

 

 

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)

 

 

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