MIRA INFORM REPORT

 

 

Report Date :

08.10.2007

 

IDENTIFICATION DETAILS

 

Name :

WESTFALIA SEPARATOR FOOD TEC GMBH

 

 

Registered Office :

Werner-Habig-Str. 1, 59302 Oelde

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

16.12.1997

 

 

Com. Reg. No.:

HRB 7223

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Machinery for Food, Beverage and Tobacco Processing.

 

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

 

Maximum Credit Limit :

EUR 250.000,00

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

Company Name & Address

 

Westfalia Separator Food Tec GmbH

Werner-Habig-Str. 1

59302 Oelde

Telephone         : 02522/770

Telefax              : 02522/77289

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

Business relations are permissible.

 

 

LEGAL FORM          

 

Private limited company

 

 

Shareholders' agreement            

 

11.12.1997

 

 

Registered on

 

16.12.1997

 

 

Commercial Register

 

Local court 48149 MÜNSTER

 

 

Under

 

HRB 7223

 

 

Share capital

 

EUR         10.001.000,00

 

 

 

 

 

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         10.001.000,00

Reg. Data          : 02.04.1899

HRB 6927

48149 MÜNSTER

 

 

Manager

 

Prof.Dr. Jochen Hamatschek

Franz-Hitze-Str. 17

59302 Oelde

authorized to jointly represent the company

born 02.01.1954

 

 

Manager

 

Thomas Pelzer

Mozartstr. 19

47057 Duisburg

authorized to jointly represent the company

born 21.06.1955

 

 

Manager

 

Anthony van der Ley

NL DL Aalten

authorized to jointly represent the company

born 12.10.1964

Nation.: Dutch

 

 

Proxy

 

Jürgen Asholt

Schrievers Brede 4a

59269 Beckum

authorized to jointly represent the company

born 20.10.1957

Occupation: Fully qualified merchant

Marital status: married

 

 

Proxy

 

Steffen Bersch

44879 Bochum

authorized to jointly represent the company

born 12.06.1969

 

 

Proxy

 

Theodor Martin Gustav Wagner

Bömbergring 44

58636 Iserlohn

authorized to jointly represent the company

born 26.06.1959

Marital status: married

 

 

Proxy

 

Gerhard Populoh

59302 Oelde

authorized to jointly represent the company

born 02.11.1950

Occupation: Businessman

 

 

Proxy

 

Dr. Christian Friedrich Bollmann

33378 Rheda-Wiedenbrück

authorized to jointly represent the company

born 18.10.1960

 

 

Proxy

 

Manfred Buder

58730 Fröndenberg

authorized to jointly represent the company

born 09.11.1954

Occupation: Fully qualified engineer

Marital status: married

 

 

Proxy

 

Wilfried Mackel

59302 Oelde

authorized to jointly represent the company

born 12.11.1957

Occupation: Fully qualified engineer

 

 

Proxy

 

Dr. Stefan Pecoroni

59302 Oelde

authorized to jointly represent the company

born 05.07.1965

 

 

Proxy

 

Klaus-Peter Eickhoff

33378 Rheda-Wiedenbrück

authorized to jointly represent the company

born 02.05.1955

Occupation: Fully qualified engineer

 

 

Proxy

 

Markus Hüllmann

33378 Rheda-Wiedenbrück

authorized to jointly represent the company

born 29.07.1968

 

 

Proxy

 

Dr. Frank Taetz

21388 Soderstorf

authorized to jointly represent the company

born 17.04.1955

Occupation: Businessman

 

 

Proxy

 

Ingolf Ziegenhorn

06556 Artern

authorized to jointly represent the company

born 20.08.1951

Occupation: Fully qualified engineer

 

 

 

 

 

 

 

 

Further functions/participations of

Jochen Hamatschek (Manager)

 

Manager

 

Westfalia Separator Membraflow GmbH

Werner-Habig-Str. 1

59302 Oelde

Legal form: Private limited company

Share capital:     EUR            100.000,00

Reg. Data:  12.12.2005

HRB 10261

48149 MÜNSTER

 

 

Further functions/participations of

Thomas Pelzer (Manager)

 

Manager

 

Kramps Druckereibetriebe Verwaltungs-GmbH

Kantstr. 5-13

44867 Bochum

Legal form: Private limited company

dissolved by official decree

Share capital:     EUR             25.564,59

Reg. Data:  06.10.1989

HRB 3670

44787 BOCHUM

 

Proxy

 

Kramps Druckereibetriebe GmbH & Co. KG.

Kantstr. 5

44867 Bochum

Legal form: Ltd partnership with priv. ltd.

Company as General partner

bankrupt

Total cap. contribution: EUR    2.045.167,52

Reg. Data:  18.01.1980

HRA 2628

44787 BOCHUM

 

Proxy

 

Westfalia Separator Membraflow GmbH

Werner-Habig-Str. 1

59302 Oelde

Legal form: Private limited company

Share capital:     EUR            100.000,00

Reg. Data:  12.12.2005

HRB 10261

48149 MÜNSTER

 

BUSINESS HISTORY

 

16.12.1997

Westfalia Separator Food Technik

Werner-Habig-Str. 1

59302 Oelde

Private limited company

 

16.09.1998

Westfalia Separator Food Tec

Werner-Habig-Str. 1

59302 Oelde

Private limited company

 

 

BUSINESS ACTIVITIES

 

29530

MANUFACTURE OF MACHINERY FOR FOOD, BEVERAGE AND TOBACCO PROCESSING

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Werner-Habig-Str. 1, 59302 Oelde

 

Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, BIELEFELD

Sort. code: 48070020

 

DRESDNER BANK, BIELEFELD

Sort. code: 48080020

 

COMMERZBANK, GÜTERSLOH

Sort. code: 47840065

 

SPARKASSE MÜNSTERLAND OST, OELDE, WESTF

Sort. code: 40050150

 

 

FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:            2005               EUR        134.000.000,00

Share capital:                          EUR         10.001.000,00

Value of stocks:                        EUR         18.987.000,00

Equipment:                              EUR          2.809.686,00

Ac/ts receivable:                       EUR          9.384.421,00

Liabilities:                            EUR         20.735.860,00

Real estate of the firm:                EUR             43.070,00

Employees:                                                    940

 

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