MIRA
INFORM REPORT
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Report Date : |
29.12.2008 |
IDENTIFICATION DETAILS
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Name : |
MERKEL FREUDENBERG FLUIDTECHNIC GMBH |
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Registered Office : |
Industriestr.
64, 21107 |
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Country : |
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Year of Establishment : |
1899 |
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Com. Reg. No.: |
HRB
10224 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Manufacture
of Other Rubber Products, Plastic Products Wholesale
of Other Equipment and Accessories for Machinery and Technical Supplies |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
EUR
250.000,00. |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
Merkel Freudenberg Fluidtechnic GmbH
Industriestr. 64
21107
Post Box: 930282
Telephone: 040/753060
Telefax: 040/75306513
Homepage:
www.merkel-freudenberg.de
E-Mail:
merkel@freudenberg-ds.com
VAT no.
DE175218707
CONCLUSION
The
maximum credit is EUR 250.000,00.
Business relations are permissible.
LEGAL FORM
Private
limited company
Date of foundation
1899
Shareholders' agreement
20.11.1962
Registered on
10.07.1963
Commercial Register
Local
court 20355
under: HRB 10224
Share capital
EUR 2.556.459,00
Shareholder
Freudenberg Dichtungs- und
Schwingungstechnik GmbH & Co. KG
Höhnerweg 2-4
69469 Weinheim
Legal form: Ltd partnership with priv. ltd.
Company as General partner
Total cap. contribution: EUR
9.010.000,00
Share: EUR 2.556.459,00
Reg. Data: 16.05.1995
HRA 430900
68159
Turnover: EUR
250.000.000,00
Employees: 470
Manager
Walter Manns
Sellschopstieg 8
21029
authorized to jointly represent the company
born 05.07.1957
Manager:
Dr. Dirk Harste
Reinbeker Weg 58a
21029
authorized to jointly represent the company
born 26.01.1964
BUSINESS HISTORY
01.07.1937 Asbest- und Gummiwerke Martin Merkel
K.G.
21107
Limited partnership
08.05.1974 Martin Merkel K.G.
21107
Limited
partnership
02.10.1981 Martin Merkel GmbH & Co.
21107
Ltd partnership
with priv. ltd. Company as
General partner
31.05.1996 Merkel Dichtelemente GmbH
21107
Private limited
company
01.12.1997 Merkel Dichtelemente GmbH
Sanitasstr. 17-21
21107
Private limited
company
03.12.1997 Merkel Freudenberg Fluidtechnic GmbH
Industriestr. 64
21107
Private limited
company
BUSINESS ACTIVITIES
22190
Manufacture of other rubber products
222
Manufacture of plastic products
46693
Wholesale of other equipment and accessories
for machinery and
technical supplies
BRANCHES AND FACTORIES
Branch:
Merkel Freudenberg
Fluidtechnik GmbH -
Niederlassung-
Ascheröder Str. 57
34613 Schwalmstadt
FINANCIAL INFORMATION
Payment
experience: within agreed terms
REAL ESTATE
Type of
ownership: Tenant
Address Industriestr. 64
21107
Land register documents were not available.
BANKERS
DRESDNER BANK,
Sort. code: 20080000
DEUTSCHE BANK,
Sort. code: 20070000
FIGURES
Financial year: 01.01. - 31.12.
Turnover: 2006 EUR 94.211.229,00
2007
EUR 120.000.000,00
Expected turnover: 2008 EUR 130.000.000,00
Profit: 2006 EUR 4.569.889,00
Share capital: EUR 2.556.459,00
Employees: 800
The aforementioned business figures may partly
be estimated
information based on average values in the line of business.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.76 |
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1 |
Rs.71.68 |
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Euro |
1 |
Rs.69.17 |
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%)