MIRA INFORM REPORT

 

 

Report Date :

21.02.2008

 

IDENTIFICATION DETAILS

 

Name :

DRAGER MEDICAL AG & CO KG

 

 

Registered Office :

Moislinger Allee 53-55, 23558 Lübeck

 

 

Country :

Germany

 

 

Date of Incorporation :

25.11.1996

 

 

Com. Reg. No.:

HRA 4435 HL

 

 

Legal Form :

Limited Partnership with Public Limited Company

 

 

Line of Business :

Manufacture of medical and surgical equipment and orthopaedic appliances.

Wholesale trade in medical and orthopedic goods and laboratory equipment.

 

 

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

 

DRAGER MEDICAL AG & CO. KG

Moislinger Allee 53-55

23558 Lübeck

Telephone: 0451/8820

Telefax:   0451/8823866

Homepage:  www.draeger-medical.de

E-Mail:    cod@draeger.com

 

 

SOLVENCY RATING    

 

1,9

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

 

Business relations are permissible.

 

 

LEGAL FORM           

 

Limited partnership with public limited company as gen. part

 

 

Begin of Business activities

 

25.11.1996

 

 

Registered on

 

31.10.2005

 

 

Register of companies    

 

Local court 23568 LÜBECK

 

Under HRA 4435 HL

 

 

 

Total cap. contribution

 

EUR         78.967.500,00

 

 

General Partner

 

Dräger Medical Verwaltungs AG

Moislinger Allee 53-55

23558 Lübeck

Legal Form :Public limited company

Share Capital: EUR          1.000.000,00

Reg Data: 04.04.2001

  HRB 5035 HL

  23568 LÜBECK

Employees:                             6.000

 

 

Limited Partner

 

Dräger Medical Holding GmbH

Moislinger Allee 53/55

23558 Lübeck

Legal form: Private limited company

Share capital:   EUR                 100.000,00

Share:               EUR                 51.328.875,00

Reg. Data:  26.03.1998

                   HRB 4358 HL

                  23568 LÜBECK

 

Limited Partner:

Siemens Medical Holding GmbH

Henkestr. 127

91052 Erlangen

Legal form: Private limited company

Share capital:                EUR                 25.000,00

Share:                           EUR                 27.638.625,00

Reg. Data:  16.08.2005

                    HRB 10295

                    90762 FÜRTH

 

 

Proxy

 

Michel van Driessche

B Zele

authorized to jointly represent the company

born 24.11.1949

Nation.: Belgian

 

Proxy:

Claus Martin Baumann

23558 Lübeck

authorized to jointly represent the company

born 11.04.1962

 

Proxy:

Bernd Fabian

Berliner Str. 25

23611 Bad Schwartau

authorized to jointly represent the company

born 04.08.1965

 

Proxy:

Inga Kuhls

Uhlandstr. 13

23611 Bad Schwartau

authorized to jointly represent the company

born: Herzberg

born 06.05.1959

 

Proxy:

Dr. Gero Dietrich

23617 Stockelsdorf

authorized to jointly represent the company

born 09.04.1969

 

 

BUSINESS HISTORY

 

Beginning of business activities:25.11.1996

25.11.1996     Dräger Medizintechnik GmbH

                      Moislinger Allee 53-55

                      23558 Lübeck

                      Private limited company

 

 23.05.2001    Dräger Medical AG & Co. KGaA (AG Lübeck,

                      HRB 4096 HL)

                      Moislinger Allee 53-55

                      23558 Lübeck

                      Partnership limited by shares

 

 

BUSINESS ACTIVITIES

 

3310

MANUFACTURE OF MEDICAL AND SURGICAL EQUIPMENT AND ORTHOPAEDIC

APPLIANCES

 

51462

WHOLESALE TRADE IN MEDICAL AND ORTHOPEDIC GOODS AND LABORATORY

EQUIPMENT

 

93053

OTHER PERSONAL SERVICE ACTIVITIES, N.E.C.

 

 

PARTICIPATION Shareholder

 

Shareholder:

Dräger Medical Deutschland GmbH

Moislinger Allee 53-55

23558 Lübeck

Legal form: Private limited company

Share capital:      EUR          2.000.000,00

Share:                 EUR          2.000.000,00

Reg. Data:         23.12.1997

                         HRB 4310 HL

                         23568 LÜBECK

                         Control and profit transfer agreement

 

Shareholder:

Dräger Medizin System Technik GmbH

Moislinger Allee 53-55

23558 Lübeck

Legal form: Private limited company

Share capital:    EUR                 1.022.583,76

Share:               EUR                 1.022.583,76

Reg. Data:         10.09.2001

                        HRB 5127 HL

                          23568 LÜBECK

 

Shareholder:

I & D - Gesellschaft für

Organisationsentwicklung und Beratung im

Gesundheits- und Sozialwesen mbH

Moislinger Allee 53-55

23558 Lübeck

Legal form: Private limited company

Share capital:    EUR            894.965,31

Share:               EUR            894.965,31

Reg. Data:         18.11.1998

                          HRB 4503 HL

                          23568 LÜBECK

                          Control and profit transfer agreement

 

Shareholder:

Dräger Medical ANSY GmbH

Auf dem Baggersand 17

23570 Lübeck

Legal form: Private limited company

Share capital:  EUR           500.000,00

Share:             EUR           500.000,00

Reg. Data:      27.11.2003

                       HRB 5682 HL

                       23568 LÜBECK

Employees:                               280

Control and profit transfer agreement

 

Shareholder:

Dräger Medical International GmbH

Moislinger Allee 53-55

23558 Lübeck

Legal form: Private limited company

Share capital:    EUR            100.000,00

Share:               EUR            100.000,00

Reg. Data:         27.12.2004

                         HRB 5879 HL

                          23568 LÜBECK

 

 Shareholder:

 Dräger Interservices GmbH

 Moislinger Allee 53-55

 23558 Lübeck

 Legal form: Private limited company

 Share capital:  EUR            256.000,00

 Share:             EUR             76.800,00

 Reg. Data:        17.11.1995

                          HRB 3867 HL

                          23568 LÜBECK

Turnover:          EUR         23.864.011,00

Employees:                               363

 

Shareholder:

Dräger Consulting & Management GmbH

Moislinger Allee 53-55

23558 Lübeck

Legal form: Private limited company

Share capital:    EUR             51.000,00

Share:               EUR             51.000,00

 Reg. Data:        20.08.1998

                         HRB 4445 HL

                          23568 LÜBECK

 

 

FINANCIAL INFORMATION

 

Solvency rating:      1,9

 

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:         Tenant

 

Address                        Moislinger Allee 53-55

                                    23558 Lübeck

 

 

Private real estate

 

Name                            Dräger Medical Verwaltungs AG

Type of ownership:         Tenant

Address                        Moislinger Allee 53-55

                                    23558 Lübeck

 

Land register documents were not available.

BANKERS

 

SPARKASSE ZU LÜBECK, LÜBECK

Sort. code: 23050101

 

DRESDNER BANK, LÜBECK

Sort. code: 23080040, Account No: 371077400

SEB, LÜBECK

Sort. code: 23010111

 

COMMERZBANK, LÜBECK

Sort. code: 23040022, Account No: 3280146795

 

HSH NORDBANK HAMBURG, HAMBURG

Sort. code: 20050000, Account No: 7053002797

 

DEUTSCHE BANK, LÜBECK

Sort. code: 23070710, Account No: 030209100

 

 

FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:            2006              EUR                   703.204.097,00

Total cap. contribution:             EUR                   78.967.500,00

Value of stocks:                        EUR                  36.964.850,00

Equipment:                               EUR                  10.066.705,00

Ac/ts receivable:                       EUR                  79.478.077,00

Liabilities:                                 EUR                  22.906.789,00

Real estate of the firm:             EUR                    668.627,00

Employees:                                                       1.420

- Salaried employees:                                                     780

- Workers:                                                         640

 

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