MIRA
INFORM REPORT
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Report Date : |
29.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
Stahlwerk
Ergste Westig GmbH |
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Registered Office : |
Letmather
Str. 69, 58239 Schwerte, Post Box 1720 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
26.07.1929 |
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Com. Reg. No.: |
HRB 4715 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Wire
Drawing |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 250.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name & address
Stahlwerk
Ergste Westig GmbH
Letmather Str. 69
58239 Schwerte
Post Box: 1720
Telephone: 02304/790
Telefax: 02304/79390
Homepage: www.zapp.com
E-Mail: markus.krah@zapp.com
CONCLUSION
The maximum credit is EUR 250.000,00.
Business relations are permissible.
LEGAL FORM
Private limited company
Date of foundation
26.07.1929
Registered on
21.09.1995
Commercial Register
Local court 58097 HAGEN
Under
HRB 4715
Share capital
EUR 15.000.000,00
Shareholder
Zapp AG
Zapp-Platz 1
40880 Ratingen
Legal form: Public limited company
Share capital: EUR 10.000.000,00
Share: EUR 15.000.000,00
Reg. Data: 30.03.2000
HRB 44176
40213 DÜSSELDORF
Profit transfer agreement
Manager
Dr. Stefan Seng
45128 Essen
born 29.01.1966
Occupation: Businessman
Manager
Dr.-Ing. Heinrich Raimund Schunk
Zum Schluchtor 6
40883 Ratingen
born 16.03.1960
Occupation: graduate engineer
Manager
Carl Felix Pfeffer
40210 Düsseldorf
authorized to jointly represent the company
born 20.09.1962
Occupation: Businessman
Proxy
Christiane Lorenz
44135 Dortmund
authorized to jointly represent the company
born 18.01.1965
Proxy
Gisbert Kloß-Ulitzka
58809 Neuenrade
having sole power of representation
born 25.02.1956
Proxy
Dr. Winfried Greiner
42489 Wülfrath
authorized to jointly represent the company
Proxy
Rainer Martin Koenitzer
40872 Ratingen
authorized to jointly represent the company
born 06.04.1956
Proxy
Klaus Peter Rittinghaus
Kühlingstr. 26
58642 Iserlohn
authorized to jointly represent the company
born 11.08.1958
Proxy
Markus Krah
58095 Hagen
authorized to jointly represent the company
born 22.06.1964
Proxy
Rainer Brandt
45468 Mülheim
authorized to jointly represent the company
born 24.01.1965
Proxy
Dr. Fritz Rakoski
59514 Welver
authorized to jointly represent the company
born 03.02.1953
Proxy
Peter Stockhausen
59423 Unna
authorized to jointly represent the company
born 22.02.1948
Further functions/participations of
Heinrich Raimund Schunk (Manager)
Manager:
Argeste Edelstahl- verarbeitung
Beteiligungs GmbH
Zapp-Platz 1
40880 Ratingen
Legal form: Private limited company
Share capital: EUR 2.000.000,00
Reg. Data: 18.01.2002
HRB 44411
40213 DÜSSELDORF
Manager:
Zapp Immobilien-Verwaltungs- GmbH
Zapp-Platz 1
40880 Ratingen
Legal form: Private limited company
Share capital: EUR 27.500,00
Reg. Data: 04.03.2005
HRB 51375
40213 DÜSSELDORF
Manager:
Robert Zapp Service-GmbH
Zapp-Platz 1
40880 Ratingen
Legal form: Private limited company
Share capital: EUR 30.000,00
Reg. Data: 30.03.2000
HRB 44175
40213 DÜSSELDORF
President of the
Board of Directors:
Zapp AG
Zapp-Platz 1
40880 Ratingen
Legal form: Public limited company
Share capital: EUR 10.000.000,00
Reg. Data: 30.03.2000
HRB 44176
40213 DÜSSELDORF
Further functions/participations of
Stefan Seng (Manager)
Manager:
Zapp Medical Alloys GmbH
Zapp-Platz 1
40880 Ratingen
Legal form: Private limited company
Share capital: EUR 30.000,00
Reg. Data: 31.03.2000
HRB 44179
40213 DÜSSELDORF
Further functions/participations of Carl Felix Pfeffer (Manager)
Manager:
Robert Zapp Werkstofftechnik GmbH
Zapp-Platz 1
Post Box: 18281829
40880 Ratingen
Legal form: Private limited company
Share capital: EUR 3.000.000,00
Reg. Data: 31.03.2000
HRB 44178
40213 DÜSSELDORF
Manager:
Argeste Edelstahl- verarbeitung
Beteiligungs GmbH
Zapp-Platz 1
40880 Ratingen
Legal form: Private limited company
Share capital: EUR 2.000.000,00
Reg. Data: 18.01.2002
HRB 44411
40213 DÜSSELDORF
Manager:
Zapp Immobilien-Verwaltungs- GmbH
Zapp-Platz 1
40880 Ratingen
Legal form: Private limited company
Share capital: EUR 27.500,00
Reg. Data: 04.03.2005
HRB 51375
40213 DÜSSELDORF
Manager:
Robert Zapp Service-GmbH
Zapp-Platz 1
40880 Ratingen
Legal form: Private limited company
Share capital: EUR 30.000,00
Reg. Data: 30.03.2000
HRB 44175
40213 DÜSSELDORF
Member of the
Board of Directors:
Zapp AG
Zapp-Platz 1
40880 Ratingen
Legal form: Public limited company
Share capital: EUR 10.000.000,00
Reg. Data: 30.03.2000
HRB 44176
40213 DÜSSELDORF
BUSINESS HISTORY
27.09.1994
WES Vermögensverwaltung GmbH bis 20.09.1995
Hochstr. 32
59425 Unna
Private limited company
BUSINESS ACTIVITIES
27340
WIRE DRAWING
BRANCHES AND FACTORIES
Works:
Stahlwerk Ergste Westig GmbH
Hochstr. 32
59425 Unna
FINANCIAL INFORMATION
Payment experience: cash discount/within agreed terms
Trend of business: constant
REAL ESTATE
Type of ownership: proprietor
Share: 100,00
%
Address Hochstr. 32
59425 Unna
Value at selling price: EUR
18.918.000,00
Type of ownership: proprietor
Share: 100,00 %
Address Letmather Str. 69
58239
Schwerte
Type of real estate: factory
building
Size: 75.000,00 sq.m
Value at selling price: EUR
20.000.000,00
Land register documents were not available.
BANKERS
HSBC TRINKAUS & BURKHARDT, DÜSSELDORF
Sort. code: 30030880, Account No: 1441019
DEUTSCHE BANK, DÜSSELDORF
Sort. code: 30070010, Account No: 3925526
DRESDNER BANK, DÜSSELDORF
Sort. code: 30080000
WESTLB DORTMUND, DORTMUND
Sort. code: 44050000, Account No: 1679646
FIGURES
Financial year: 01.01. - 31.12.
Turnover: 2005 EUR
179.970.000,00
2006 EUR
181.800.000,00
Share capital: EUR 15.000.000,00
Value of stocks: EUR 36.393.000,00
Equipment: EUR 22.000.000,00
Ac/ts receivable: EUR 14.040.000,00
Employees: 700
Profit transfer
agreement with:
Zapp AG
40880 Ratingen
Approximate figures are given.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)