MIRA INFORM REPORT

 

 

 

Report Date :

22nd November, 2006

 

IDENTIFICATION DETAILS

 

Name :

WESTFALIA SEPARATOR INDUSTRY GMBH

 

 

Registered Office :

Werner-Habig-Str. 1, 59302 Oelde, Germany

 

 

Country :

Germany

 

 

Date of Incorporation :

16.12.1997

 

 

Com. Reg. No.:

HRB 7224

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of machines for non-specified use n.e.c. Agents involved in the sale of machinery for specific branches and industrial equipment, excluding agricultural machinery

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

EUR 250000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 


Company name & Address

 

Westfalia Separator Industry GmbH

Werner-Habig-Str. 1

59302 Oelde

Telephone         : 02522/770

Telefax              : 02522/772828

Homepage         : www.westfalia-seperator.com

E-Mail               : info@gea-westfalia.de

 

 

LEGAL FORM          

 

Private limited company

 

 

Shareholders' agreement              

 

11.12.1997

 

 

Registered on      

 

16.12.1997

 

 

Commercial Register

 

Local court 48149 MÜNSTER

 

 

under           

 

HRB 7224

 

 

Share capital                        

 

EUR          5.001.000,00

 

 

Shareholder

 

Westfalia Separator Aktiengesellschaft

Werner-Habig-Str. 1

Post Box: 3720

59302 Oelde

Legal form                     : Public limited company

Share capital                 : EUR         65.380.800,00

Share                            : EUR          5.001.000,00

Reg. Data                      : 02.04.1899

HRB 6927

48149 MÜNSTER

Employees                    : 341

 

 

Manager

 

Olaf Müller

59302 Oelde

authorized to jointly represent the company

born      26.07.1965

 

 

Manager

 

Ludger Konkol

Hombrede 13

59387 Ascheberg

authorized to jointly represent the company

born                  31.05.1957

Marital status    : married

spouse              Ingrid Pentermann-Konkol

born on             12.12.1955

 

 

Proxy

 

Heinrich Weweler

33449 Langenberg

authorized to jointly represent the company

born      21.04.1966

 

 

Proxy

 

Bernd Lüking

33330 Gütersloh

authorized to jointly represent the company

born      15.12.1964

 

 

Proxy

 

Ulrich Meier

Von-Bodelschwingh-Str. 11

59302 Oelde

authorized to jointly represent the company

born                  15.08.1953

Occupation        : Engineer

Marital status    : married

 

 

Proxy

 

Michael Wengeler

Zobelweg 31

59071 Hamm

authorized to jointly represent the company

born                  25.11.1965

Occupation        : Management expert

Marital status    : married

 

 

Proxy

 

Theodor Martin Gustav Wagner

Bömbergring 44

58636 Iserlohn

authorized to jointly represent the company

born                  26.06.1959

Marital status    : married

 

 

Proxy

 

Klemens Geissen

59302 Oelde

authorized to jointly represent the company

born                  07.04.1948

Occupation        : Fully qualified engineer

 

 

Proxy

 

Dr. Willi Witt

49545 Tecklenburg

authorized to jointly represent the company

born                  03.09.1948

Occupation        : Fully qualified engineer

 

 

Proxy

 

Petra Schreiter

59302 Oelde

authorized to jointly represent the company

born                  25.03.1956

Occupation        : Fully qualified engineer

 

 

Proxy

 

Christof Koch

Schulstr. 3

56244 Freilingen

authorized to jointly represent the company

born                  12.12.1965

Occupation        : Fully qualified engineer

Marital status    : unknown

 

 

Proxy

 

Dr. Hans-Joachim Beyer

Winds Wieske 26

59320 Ennigerloh

authorized to jointly represent the company

born                   02.12.1953

Occupation        : Fully qualified engineer

Marital status    : married

 

 

Proxy

 

Dr. Christian Friedrich Bollmann

33378 Rheda-Wiedenbrück

born 18.10.1960

 

 

Further functions/participations of Ludger Konkol (Manager) Proxy

 

Westfalia Separator Umwelttechnik GmbH

Werner-Habig-Str. 1

59302 Oelde

Legal form         : Private limited company

Share capital     : EUR          1.500.000,00

Reg. Data          : 17.12.1997

HRB 7225

48149 MÜNSTER

 

 

BUSINESS HISTORY

 

16.12.1977 

Westfalia Separator Non Food Technik GmbH

Werner-Habig-Str. 1

59302 Oelde

Private limited company

 

09.1998

Westfalia Separator Industry GmbH

Werner-Habig-Str. 1

59302 Oelde

Private limited company

 

 

BUSINESS ACTIVITIES

 

29240

MANUFACTURE OF MACHINES FOR NON-SPECIFIED USE N.E.C.

 

51143

AGENTS INVOLVED IN THE SALE OF MACHINERY FOR SPECIFIC BRANCHES AND INDUSTRIAL EQUIPMENT, EXCLUDING AGRICULTURAL MACHINERY

 

 

BRANCHES AND FACTORIES

 

Branch

Westfalia Separator Industry GmbH

Moschheimer Str.

56414 Niederahr

Legal form: Legally dependent establishment

 

 

FINANCIAL INFORMATION

 

Payment experience

within agreed terms

 

 

REAL ESTATE

 

Type of ownership

Tenant

Address

Werner-Habig-Str. 1

 

59302 Oelde

 

Private real estate

 

 

Name

Ludger Konkol

Type of ownership

Tenant

Address

Hombrede 13

 

59387 Ascheberg

 

Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, BIELEFELD

Sort. code: 48070020

 

DRESDNER BANK, BIELEFELD

Sort. code: 48080020

 

COMMERZBANK, GÜTERSLOH

Sort. code: 47840065

 

 

FIGURES

 

Financial year

01.01.2004 - 31.12.2004

Turnover

2004               EUR        320.000.000,00

Share capital

                       EUR           5.000.000,00

Employees

2.200

Branch number

29240 / 51143

Profit transfer agreement with

 

 

Westfalia Separator Aktiengesellschaft

 

59302 Oelde

 

Approximate figures are given.


 

RATING EXPLANATIONS

 

 

RATING

STATUS

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

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