MIRA INFORM REPORT

 

 

Report Date :

28.06.2007

 

IDENTIFICATION DETAILS

 

Name :

Fette GmbH

 

 

Registered Office :

Grabauer Str. 24, 21493 Schwarzenbek, Post Box 11 80

 

 

Country :

Germany

 

 

Date of Incorporation :

01.02.1908

 

 

Com. Reg. No.:

HRB 48 SB

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Tools

Manufacture of Machines for non-specified use N.E.C.

 

 

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 250.000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

name & address

 

Fette GmbH

Grabauer Str. 24

21493 Schwarzenbek

Post Box:  11 80

Telephone:        04151/120

Telefax:             04151/12510

Homepage:        www.fette.de

E-Mail:              tablet@fette.com

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

 

Business relations are permissible.

 

 

LEGAL FORM   

 

Private limited company

 

 

Date of foundation

 

01.02.1908

 

 

Shareholders' agreement

 

15.12.1971

 

 

Registered on

 

30.12.1971

 

 

Commercial Register

 

Local court 23568 LÜBECK

 

 

Under

 

HRB 48 SB

 

 

Share capital

 

EUR         20.460.000,00

 

 

Shareholder

 

Leitz Metalworking Technologies GmbH & Co. KG

Leitzstr. 2

73447 Oberkochen

Legal form: Ltd partnership with priv. ltd. Company as General partner

Total cap. contribution:   EUR    4.000.000,00

Share:                           EUR  20.460.000,00

Reg. Data:  28.12.1993

HRA 500870

89073 ULM

Employees:                             2.923

 

 

Manager

 

Dr. Georg Speith

65232 Taunusstein

authorized to jointly represent the company

born 30.12.1952

 

 

Manager

 

Axel Friedmann

Am Lehmberg 5

83373 Taching

authorized to jointly represent the company

Occupation: Businessman

 

 

Proxy

 

Klaus Dieter Heinze

21354 Bleckede

authorized to jointly represent the company

born 10.11.1942

 

 

 

 

 

 

 

 

 

 

Further functions/participations of

Georg Speith (Manager)

 

Manager:

Hessapp GmbH

Aarstr. 157

Post Box: 1254

65232 Taunusstein

Legal form: Private limited company

Share capital:     EUR          1.000.000,00

Reg. Data:  26.10.2004

HRB 21439

65185 WIESBADEN

 

Manager:

Boehringer Werkzeugmaschinen GmbH

Stuttgarter Str. 50

73033 Göppingen

Legal form: Private limited company

Share capital:     EUR         16.000.000,00

Reg. Data:  03.07.1922

HRB 530032

89073 ULM

 

 

BUSINESS HISTORY

 

21.05.2001

Wilhelm Fette GmbH

Grabauer Str. 24

21493 Schwarzenbek

Private limited company

 

 

BUSINESS ACTIVITIES

 

2862

MANUFACTURE OF TOOLS

 

29240

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

 

 

BRANCHES AND FACTORIES

 

Branch:

Wilhelm Fette GmbH

Meiereistr. 12

21493 Schwarzenbek

 

 

 

PARTICIPATION

 

Shareholder:

Fette Präzisionswerkzeuge GmbH

Freirodaer Str. 7

04435 Schkeuditz

Legal form: Private limited company

Share capital:  EUR            511.291,88

Share:             EUR            511.291,88

Reg. Data:  06.11.1990

HRB 1319

04275 LEIPZIG

Employees:  13

 

Shareholder:

Fette Absolut GmbH

Hauptstr. 139-141

76461 Muggensturm

Legal form: Private limited company

Share capital:  EUR            525.000,00

Share:             EUR            525.000,00

Reg. Data:  06.02.1998

HRB 521798

68159 MANNHEIM

Employees:  20

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:         proprietor

Address                        Grabauer Str. 24

                                    21493 Schwarzenbek

Value at selling price:     EUR          5.420.700,00

 

Land register documents were not available.

 

 

BANKERS

 

BADEN-WÜRTTEMBERGISCHE BANK, STUTTGART

Sort. code: 60020030, Account No: 1004495600

 

DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN, LÜBECK

Sort. code: 23070700, Account No: 0344200

 

COMMERZBANK, HAMBURG

Sort. code: 20040000, Account No: 8411100

 

FIGURES

 

Financial year:               01.01. - 31.12.

Turnover:                       2005     EUR        134.000.000,00

                                    2006     EUR        134.000.000,00

Share capital:                            EUR          20.460.000,00

Employees:                               1.000

Branch number:             2862 / 29240

 

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

 

 

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%)

 

 

 

 

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