MIRA INFORM REPORT

 

 

Report Date :

08.11.2007

 

IDENTIFICATION DETAILS

 

Name :

SEW - EURODRIVE GMBH & Co. KG

 

 

Registered Office :

Ernst-Blickle-Str. 42, 76646 Bruchsal

 

 

Country :

Germany

 

 

Date of Incorporation :

1931

 

 

Com. Reg. No.:

HRA 230970

 

 

Legal Form :

Limited partnership with private limited Company as General partner

 

 

Line of Business :

Manufacture of Electric Motors, Generators and Transformators

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 


name & address

 

SEW - EURODRIVE GMBH & Co. KG

Ernst-Blickle-Str. 42

76646 Bruchsal

Telephone:        07251/75-0

Telefax:             07251/75-1970

Homepage:        www.sew-eurodrive.de

E-Mail:              sew@sew-eurodrive.de

 

 

VAT no.

 

DE143080517

 

 

CONCLUSION

 

Business relations are permissible.

 

The company is considered solvent for credits within its scope of business.

 

 

LEGAL FORM 

 

Ltd partnership with priv. ltd. Company as General partner

 

 

Date of foundation

 

1931

 

 

Registered on

 

29.06.1971

 

 

Register of companies

 

Local court 68159 MANNHEIM

 

 

Under

 

HRA 230970

 

 

Total cap. Contribution

 

EUR         25.564.594,06

 

 

General Partner

 

SEW - EURODRIVE Verwaltungs- GmbH

Ernst-Blickle-Str. 42

76646 Bruchsal

Legal form: Private limited company

Share capital:     EUR            103.000,00

Reg. Data:  11.12.1970

HRB 230207

68159 MANNHEIM

 

 

Shareholder

 

Blickle GmbH

CH - Zürich

Legal form: Private limited company

Share:             EUR            103.000,00

 

 

Manager

 

Rainer Blickle

Mühlweg 18

76703 Kraichtal

having sole power of representation

born 16.07.1947

Occupation: Businessman

Marital status: married

 

 

Manager

 

Jürgen Blickle

Weitenruß 4

76646 Bruchsal

having sole power of representation

born 29.08.1951

Occupation: Businessman

Marital status: married

 

 

Manager

 

Bernd Uckrow

In den Weingärten 33

97483 Eltmann

having sole power of representation

born 18.05.1958

Occupation: Fully qualified merchant

 

 

Manager

 

Johann Soder

76707 Hambrücken

authorized to jointly represent the company

born 13.06.1955

 

 

Proxy

 

Dr. Jürgen Zanghellini

76703 Kraichtal

authorized to jointly represent the company

born 04.04.1968

 

 

Proxy

 

Horst von Stockum

Rohrackerweg 2

76275 Ettlingen

authorized to jointly represent the company

born 1945

 

 

Proxy

 

Josef Weßbecher

Flößerstr. 9

76477 Elchesheim-Illingen

authorized to jointly represent the company

born 19.05.1951

Occupation: Businessman

Marital status: married

 

 

Proxy

 

Patrik Menges

56459 Langenhahn

authorized to jointly represent the company

born 30.12.1968

 

 

Proxy

 

Harald Sälzler

68753 Waghäusel

authorized to jointly represent the company

 

 

Limited Partner

 

SEW-EURODRIVE Beteiligung GmbH

Ernst-Blickle-Str. 42

76646 Bruchsal

Legal form: Private limited company

dissolved

Share capital:     EUR         26.000.000,00

Share:             EUR         25.564.594,06

Reg. Data:  01.02.1994

HRB 231561

68159 MANNHEIM

 

 

Further functions/participations of SEW –

EURODRIVE Verwaltungs-GmbH (General

Partner)

 

Limited Partner:

RB Verwaltungs KG

76646 Bruchsal

Legal form: Limited partnership

Total cap. contribution: EUR    1.022.583,76

Share:             EUR            100.000,00

Reg. Data:  01.01.1400

HRA 231541

68159 MANNHEIM

 

 

BUSINESS HISTORY

 

1931

Süddeutsche Elektromotoren-Werke GmbH

76646 Bruchsal

 

Private limited company

 

29.06.1971

Blickle & Co.

Ernst-Blickle-Str. 42

76646 Bruchsal

General Partnership

 

 

01.03.1980

SEW - EURODRIVE GMBH & CO.

Ernst-Blickle-Str. 42

76646 Bruchsal

Ltd partnership with priv. ltd. Company as General partner

 

12.07.2001

SEW - EURODRIVE GMBH & CO. KG

Ernst-Blickle-Str. 42

76646 Bruchsal

Ltd partnership with priv. ltd. Company as General partner

 

 

BUSINESS ACTIVITIES

 

31100

MANUFACTURE OF ELECTRIC MOTORS, GENERATORS AND TRANSFORMATORS

 

 

BRANCHES AND FACTORIES

 

Works:

SEW - EURODRIVE GMBH & CO. -Fertigung-

Ernst-Blickle-Str. 1

76676 Graben-Neudorf

 

Branch:

SEW - EURODRIVE GMBH & CO. - Niederlassung

-

Max-von-Laue-Str. 9

86156 Augsburg

 

Branch:

SEW - EURODRIVE GMBH & Co. KG

Nürnberger Str. 118

97076 Würzburg

 

 

PARTICIPATION

 

Limited Partner:

BV Beteiligung GmbH & Co. KG

Ernst-Blickle-Str. 42

76646 Bruchsal

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

Total cap. contribution: EUR  160.230.000,00

Share:             EUR        160.230.000,00

Reg. Data:  08.12.2006

HRA 700637

68159 MANNHEIM

Employees:  2

 

Shareholder:

SEW-Immobilien GmbH

Ernst-Blickle-Str. 42

76646 Bruchsal

Legal form: Private limited company

Share capital:     EUR          5.000.000,00

Share:             EUR          4.699.900,00

Reg. Data:  24.01.2002

HRB 232394

68159 MANNHEIM

Profit transfer agreement

 

Shareholder:

L + B Positionier- und Steuerungstechnik

Verwaltungs GmbH

Rudolf-Diesel-Str. 17

78532 Tuttlingen

Legal form: Private limited company

dissolved by official decree

Share capital:     EUR             25.564,60

Share:             EUR             19.173,45

Reg. Data:  31.01.1994

HRB 450789

70190 STUTTGART 1

 

 

FINANCIAL INFORMATION

 

Payment experience:     in top condition

Trend of business:          in expansion

Order position:               very good

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Ernst-Blickle-Str. 42

                                    76646 Bruchsal

 

Type of ownership:         Tenant

Address                        Ernst-Blickle-Str. 1

                                    76676 Graben-Neudorf

 

Type of ownership:         Tenant

Address                        Nürnberger Str. 118

                                    97076 Würzburg

 

Type of ownership:         Tenant

Address                        Max-von-Laue-Str. 9

                                    86156 Augsburg

 

Private real estate

 

Name                            SEW - EURODRIVE Verwaltungs- GmbH

Type of ownership:         Tenant

Address                        Ernst-Blickle-Str. 42

                                    76646 Bruchsal

 

Land register documents were not available.

 

 

BANKERS

 

SPARKASSE KRAICHGAU BRUCHSAL-BRETTEN-SINSHEIM, BRUCHSAL

Sort. code: 66350036, Account No: 00020313

 

DEUTSCHE BANK, BRUCHSAL

Sort. code: 66070004, Account No: 2004257

 

COMMERZBANK, BRUCHSAL

Sort. code: 66340018, Account No: 4708889

 

POSTBANK, KARLSRUHE, BADEN

Sort. code: 66010075, Account No: 2041753

 

DRESDNER BANK, BRUCHSAL

Sort. code: 66080052, Account No: 604453000

 

VOLKSBANK BRUCHSAL, BRUCHSAL

Sort. code: 66390000, Account No: 202100

 

 

FIGURES

 

Financial year:               01.03. - 28.02.

Turnover:                       2004/2005         EUR        450.630.000,00

                                    2005/2006         EUR        600.000.000,00

                                    2006/2007         EUR        600.000.000,00

Total cap. contribution:                           EUR          25.564.594,06

Equipment:                                            EUR            4.350.000,00

Employees:                   3.000

 

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.

 

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