MIRA INFORM REPORT

 

 

Report Date :

22.10.2007

 

IDENTIFICATION DETAILS

 

Name :

Getriebebau NORD GmbH & Co. KG

 

 

Registered Office :

Rudolf-Diesel-Str. 1, 22941 Bargteheide, Post Box 12 62

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

01.04.1965

 

 

Com. Reg. No.:

HRA 2027 AH

 

 

Legal Form :

Limited partnership with private limited Company as General partner

 

 

Line of Business :

Manufacture of Bearings, Gears, Gearing and Driving Elements

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 


name & address

 

Getriebebau NORD GmbH & Co. KG

Rudolf-Diesel-Str. 1

22941 Bargteheide

Post Box:  12 62

Telephone:        04532/4010

Telefax:             04532/401253

Homepage:        www.nord.com

E-Mail:              info@nord-de.com

 

 

VAT no.

 

DE135507187

 

 

Tax ID number

 

30 288 06009

 

 

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

 

01.04.1965

 

 

Registered on

 

01.04.1965

 

 

Register of companies

 

Local court 23568 LÜBECK

 

 

Under

 

HRA 2027 AH

 

 

Total cap. Contribution

 

EUR         10.000.000,00

 

 

General Partner

 

Getriebetechnik-Nord GmbH

Rudolf-Diesel-Str. 1

22941 Bargteheide

Legal form: Private limited company

Share capital:     EUR            300.000,00

Reg. Data:  01.04.1975

HRB 2038 AH

23568 LÜBECK

 

 

Shareholder

 

NORD Holding KG

Rudolf-Diesel-Str. 1

22941 Bargteheide

Legal form: Limited partnership

Total cap. contribution: EUR       34.512,20

Share:  EUR            180.000,00

Reg. Data:  23.08.2001

HRA 3262 AH

23568 LÜBECK

 

 

Shareholder

 

NORD Beteiligungs KG

Rudolf-Diesel-Str. 1

22941 Bargteheide

Legal form: Limited partnership

Total cap. contribution: EUR        7.669,38

Share:  EUR            120.000,00

Reg. Data:  10.10.2001

HRA 3272 AH

23568 LÜBECK

 

 

 

 

 

Manager

 

Gustav Adolf Küchenmeister

20095 Hamburg

born 03.04.1933

Occupation: Businessman

Marital status: married

 

 

Manager

 

Jutta Humbert

20095 Hamburg

having sole power of representation

born: Küchenmeister

born 19.06.1962

Occupation: Fully qualified merchant

 

 

Manager

 

Ullrich Küchenmeister

20095 Hamburg

born 05.04.1959

Occupation: Solicitor

 

 

Manager

 

Peter Dittmers

21357 Bardowick

authorized to jointly represent the company

born 13.05.1956

 

 

Manager

 

Jens Uwe Paulsen

20095 Hamburg

having sole power of representation

born 04.04.1966

Occupation: Businessman

 

 

Limited Partner

 

NORD Holding KG

Rudolf-Diesel-Str. 1

22941 Bargteheide

Legal form: Limited partnership

Total cap. contribution: EUR       34.512,20

Share:  EUR          6.000.000,00

Reg. Data:  23.08.2001

HRA 3262 AH

23568 LÜBECK

 

 

Limited Partner

 

NORD Beteiligungs KG

Rudolf-Diesel-Str. 1

22941 Bargteheide

Legal form: Limited partnership

Total cap. contribution: EUR        7.669,38

Share:  EUR          4.000.000,00

Reg. Data:  10.10.2001

HRA 3272 AH

23568 LÜBECK

 

 

Proxy

 

Joachim Struck

22941 Bargteheide

 

 

Proxy

 

Ulrich Mallin

22941 Bargteheide

 

 

Further functions/participations of

Getriebetechnik-Nord GmbH (General

Partner)

 

Shareholder:

GTNI Getriebetechnik-Nord International G.m.b.H.

Rudolf-Diesel-Str. 1

22941 Bargteheide

Legal form: Private limited company

Share capital:     EUR            102.258,38

Share:  EUR            102.258,38

Reg. Data:  01.01.1990

HRB 2281 AH

23568 LÜBECK

 

 

 

 

 

 

BUSINESS HISTORY

 

01.04.1965

Getriebebau NORD Schlicht + Küchenmeister GmbH & Co.

Rudolf-Diesel-Str. 1

22941 Bargteheide

Ltd partnership with priv. ltd. Company as General partner

 

 

BUSINESS ACTIVITIES

 

29140

MANUFACTURE OF BEARINGS, GEARS, GEARING AND DRIVING ELEMENTS

 

 

BRANCHES AND FACTORIES

 

Branch:

Getriebebau NORD GmbH & Co.KG

Katharinenstr. 2-6

70794 Filderstadt

 

 

FINANCIAL INFORMATION

 

Payment experience:  cash discount/within agreed terms

 

 

REAL ESTATE

 

Type of ownership:         proprietor

Share:                           100,00 %

Address                        Rudolf-Diesel-Str. 1

                                    22941 Bargteheide

 

Private real estate

 

Name                            Getriebetechnik-Nord GmbH

Type of ownership:         Tenant

Address                        Rudolf-Diesel-Str. 1

                                    22941 Bargteheide

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK, AHRENSBURG

Sort. code: 20040000

 

 

DEUTSCHE BANK, HAMBURG

Sort. code: 20070000

 

HSH NORDBANK HAMBURG, KIEL, KIEL

Sort. code: 21050000

 

BAYER HYPOVEREINSBANK EX VEREINS UND WESTBANK, HAMBURG

Sort. code: 20030000

 

POSTBANK (GIRO), HAMBURG

Sort. code: 20010020

 

 

FIGURES

 

Financial year:                           01.01. - 31.12.

Turnover:                                   2005     EUR        166.900.000,00

                                                2006     EUR        203.400.000,00

Expected turnover:                     2007     EUR        225.700.000,00

Total cap. contribution:                           EUR          10.000.000,00

Value of stocks:                                     EUR          26.400.000,00

Equipment:                                            EUR            7.100.000,00

Ac/ts receivable:                                    EUR          54.900.000,00

Liabilities:                                              EUR          16.600.000,00

Real estate of the firm:                           EUR          16.200.000,00

Employees:                               399

 

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