MIRA INFORM REPORT

 

 

Report Date :

06.02.2008

 

IDENTIFICATION DETAILS

 

Name :

FLOTTWEG AG

 

 

Registered Office :

Industriestr. 6-8, 84137 Vilsbiburg

 

 

Country :

Germany

 

 

Date of Incorporation :

20.07.2007

 

 

Com. Reg. No.:

HRB 7231

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Engineering Activities for Projects in Specific Technical Fields

 

 

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 250.000,00.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 


 

name & address

 

Flottweg AG

Industriestr. 6-8

84137 Vilsbiburg

Telephone: 08741/301-0

Telefax:   08741/301-300

Homepage:  www.flottweg.com

E-Mail:    mail@flottweg.com

 

 

VAT no.

 

 DE811140623

 

 

SOLVENCY RATING

 

1,0

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

Business relations are permissible.

 

 

LEGAL FORM

 

Public limited company

 

 

Date of foundation

 

1911

 

 

Registered on

 

20.07.2007

 

 

Commercial Register

 

Local court 84028 LANDSHUT

under:               HRB 7231

 

Share capital

 

 EUR         10.000.000,00

 

We still have investigations at the competent Local court yet to come. We will supply a supplement report as soon as possible.

 

 

Limited liability shareholder

 

Peter Bruckmayer

Raffelberger Str. 12 OT

Eberspoint

84149 Velden

born 20.10.1943

Share:                               55,00 %

 

 

Member of the Board of Directors

 

Joachim Weiershaus

Spirknerstr. 39

84137 Vilsbiburg

authorized to jointly represent the company

born 10.11.1939

Occupation: Fully qualified merchant

Marital status: married

 

 

Member of the Board of Directors:

Peter Bruckmayer

Raffelberger Str. 12 OT

Eberspoint

84149 Velden

authorized to jointly represent the company

born 20.10.1943

Occupation: Businessman

Marital status: married

 

 

President of the Supervisory Board

 

Mag. Christian Nimmervoll

A - Grieskirchen

Occupation: investment manager

Nation.: Austrian

Marital status: married

 

 

 

 

Vice-president of the Supervisory Board

 

Dr. Jörg Starke

Alzeyer Str. 4

55234 Eppelsheim

born 31.05.1948

Occupation: Business consultant

Marital status: married

 

 

Member of the Supervisory Board

 

Klaus Kirchesch

Bachstr. 12

40822 Mettmann

born 11.07.1941

Occupation: Fully qualified merchant

Marital status: married

 

 

Proxy

 

Knut Pantel

Am Kreuzberg 6

84555 Jettenbach

authorized to jointly represent the company

born 24.03.1966

 

 

Proxy:

Friedrich Hofer

84137 Vilsbiburg

authorized to jointly represent the company

born 28.06.1952

 

Proxy:

Fritz Colesan

84028 Landshut

authorized to jointly represent the company

born 16.09.1959

 

Proxy:

Georg Schwinghammer

Rosenstr. 7

84137 Vilsbiburg

authorized to jointly represent the company

born 04.11.1949

 

Proxy:

Manfred Schlarb

Braunsberger Weg 8

84137 Vilsbiburg

authorized to jointly represent the company

born 30.09.1956

 

Further functions/participations of Peter Bruckmayer (Member of the Board of Directors)

 

Shareholder:

Flottweg Verwaltungs-GmbH

Industriestr. 6-8

84137 Vilsbiburg

Legal form: Private limited company

dissolved

Share capital:     EUR             25.000,00

Share:                EUR               9.000,00

Reg. Data:  29.07.2002

HRB 5872

84028 LANDSHUT

 

Shareholder:

Rote Raben Bundesligabetriebs GmbH

Industriestr. 12

84137 Vilsbiburg

Legal form: Private limited company

Share capital:     EUR             65.500,00

Share:                EUR               5.100,00

Reg. Data:  12.06.2001

HRB 5518

84028 LANDSHUT

 

 

Manager:

Peter Bruckmayer GmbH

Raffelberger Str. 12

OT Eberspoint

84149 Velden

Legal form: Private limited company

Share capital:     EUR             25.600,00

Reg. Data:  11.03.1986

HRB 2108

84028 LANDSHUT

 

Manager:

Flottweg Verwaltungs-GmbH

Industriestr. 6-8

84137 Vilsbiburg

Legal form: Private limited company

dissolved

Share capital:     EUR             25.000,00

Reg. Data:  29.07.2002

HRB 5872

84028 LANDSHUT

 

 

Further functions/participations of Joachim Weiershaus (Member of the Board of Directors)

 

General Partner:

Flottweg Holding OHG

Am Koglerberg 10

82031 Grünwald

Legal form: General Partnership

Reg. Data:  01.01.1222

HRA 85321

80797 MÜNCHEN

 

 

Shareholder

Flottweg Verwaltungs-GmbH

Industriestr. 6-8

84137 Vilsbiburg

Legal form: Private limited company

dissolved

Share capital:     EUR             25.000,00

Share:             EUR              2.400,00

Reg. Data:  29.07.2002

HRB 5872

84028 LANDSHUT

 

 

Manager:

Flottweg Verwaltungs-GmbH

Industriestr. 6-8

84137 Vilsbiburg

Legal form: Private limited company

dissolved

Share capital:     EUR             25.000,00

Reg. Data:  29.07.2002

HRB 5872

84028 LANDSHUT

 

Manager:

CEBAG GmbH

Am Koglerberg 10

82031 Grünwald

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  11.06.2002

HRB 143064

80797 MÜNCHEN

 

 

BUSINESS HISTORY

 

1911                 Otto Motorenwerke

80333 München

Other legal form

1932                 Dr. Georg Brückmayer GmbH

80333 München

Private limited company

1943                 Dr. Georg Brückmayer GmbH

84137 Vilsbiburg

Private limited company

22.02.1984        Flottweg-Werk Bird Maschine GmbH (HRB 1004)

Industriestr. 6-8

84137 Vilsbiburg

Private limited company

05.04.1988        Flottweg GmbH (HRB 1004)

Industriestr. 6-8

84137 Vilsbiburg

Private limited company

22.11.2002        Flottweg GmbH & Co. KGaA (AG Landshut, HRB 5945)

Industriestr. 6-8

84137 Vilsbiburg

Partnership limited by shares

 

 

BUSINESS ACTIVITIES

 

74205

ENGINEERING ACTIVITIES FOR PROJECTS IN SPECIFIC TECHNICAL FIELDS

29240

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

 

 

BRANCHES AND FACTORIES

 

Branch:

Flottweg GmbH & Co. KGaA - Niederlassung -

Handelsplatz 2 OT Engelsdorf

04319 Leipzig

Branch:

Flottweg GmbH & Co. KGaA

Am Heiderhof 2

40880 Ratingen

 

 

FINANCIAL INFORMATION

 

Solvency rating:      1,0

Payment experience:  cash discount/within agreed terms

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Am Heiderhof 2

40880 Ratingen

 

Type of ownership:         proprietor

Share:                           100,00 %

Address                         Industriestr. 6-8

84137 Vilsbiburg

 

Type of ownership:         Tenant

Address                        Holzhäuser Str. 122

04299 Leipzig

 

Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, MÜNCHEN

Sort. code: 70070010

SPARKASSE LANDSHUT, VILSBIBURG

Sort. code: 74350000

BAYERISCHE LANDESBANK, MÜNCHEN

Sort. code: 70050000

BAYER HYPO- UND VEREINSBANK, VILSBIBURG

Sort. code: 74320073

 

 

FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:                       2006                 EUR         90.669.000,00

Profit:                            2006                 EUR         14.523.000,00

Share capital:                                        EUR         10.000.000,00

Value of stocks:                                     EUR         13.141.000,00

Equipment:                                            EUR          1.772.000,00

Ac/ts receivable:                                    EUR         14.616.000,00

Liabilities:                                              EUR         16.942.000,00

Real estate of the firm:                           EUR         10.042.000,00

Employees:                                                                           261

- Salaried employees:                                                                           57

- Workers:                                                                            170

- Trainees:                                                                             34

 

 

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