MIRA INFORM REPORT

 

 

Report Date :

25.02.2008

 

IDENTIFICATION DETAILS

 

Name :

DURR SYSTEMS GMBH

 

 

Registered Office :

Otto-Durr-Str. 8 70435 Stuttgart

 

 

Country :

Germany

 

 

Date of Incorporation :

1895

 

 

Com. Reg. No.:

HRB 11125

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Wholesale of Machinery, Equipment and Supplies

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

Dürr Systems GmbH

Otto-Dürr-Str. 8

70435 Stuttgart

Telephone: 0711/136-0

Telefax:   0711/136-1455

Homepage:  www.durr.com

E-Mail:    corpcom@durr.com

 

 

VAT no.

 

DE812954989

 

 

SOLVENCY RATING

 

1,7

 

 

CONCLUSION

 

Business relations are permissible.

 

The company is considered solvent for credits within its scope of business.

 

 

LEGAL FORM

 

Private limited company

 

 

Date of foundation

 

1895

 

 

Shareholders' agreement        

 

21.04.1911

 

 

Registered on

 

 08.11.1984

 

 

Commercial Register

 

Local court 70190 STUTTGART 1

under:               HRB 11125

 

 

Share capital

 

EUR         60.000.000,00

 

 

Shareholder

 

Dürr Aktiengesellschaft

Otto-Dürr-Str. 8

Post Box: 40 02 60

70435 Stuttgart

Legal form: Public limited company

Share capital:     EUR         40.263.731,20

Share:             EUR         60.000.000,00

Reg. Data:  23.11.1989

HRB 13677

70190 STUTTGART 1

Employees:                             5.650

Control and profit transfer agreement

 

Manager

 

Gerhard Mogck

74199 Untergruppenbach

born 29.09.1952

 

Manager:

Harald Rüber

71272 Renningen

born 19.08.1952

 

Manager:

Ralf W. Dieter

64287 Darmstadt

having sole power of representation

born 25.03.1961

 

Manager:

Dr. Hans Schumacher

71101 Schönaich

born 28.01.1955

 

Manager:

Ralf Schlich

69434 Heddesbach

born 11.04.1961

 

Manager:

Dr. Uwe Siewert

71691 Freiberg

born 13.10.1960

 

 

Proxy

 

Joseph Diebold

F - Saint Eloi

authorized to jointly represent the company

born 15.01.1955

Occupation: Businessman

 

Proxy:

Jürgen Dörfeldt

71634 Ludwigsburg

authorized to jointly represent the company

born 04.04.1964

 

Proxy:

Rainer Gausepohl

57223 Kreuztal

authorized to jointly represent the company

born 14.01.1972

 

 

Further functions/participations of Hans Schumacher (Manager)

 

Manager:

IBM Anwendungssysteme Gesellschaft mit

beschränkter Haftung

Pascalstr. 190

70569 Stuttgart

Legal form: Private limited company

Share capital:     EUR            178.952,16

Reg. Data:  14.02.1991

HRB 4708

52070 AACHEN

 

 

Further functions/participations of Ralf Schlich (Manager)

 

Manager:

Dürr International GmbH

Otto-Dürr-Str. 8

70435 Stuttgart

Legal form: Private limited company

Share capital:     EUR             53.000,00

Reg. Data:  20.01.1999

HRB 19788

70190 STUTTGART 1

 

Manager:

Dürr Verwaltungsgesellschaft mbH

Otto-Dürr-Str. 8

70435 Stuttgart

Legal form: Private limited company

Reg. Data:  01.02.2006

HRB 720114

70190 STUTTGART 1

 

Proxy:

Dürr Aktiengesellschaft

Otto-Dürr-Str. 8

Post Box: 40 02 60

70435 Stuttgart

Legal form: Public limited company

Share capital:     EUR         40.263.731,20

Reg. Data:  23.11.1989

HRB 13677

70190 STUTTGART 1

 

 

Further functions/participations of Gerhard Mogck (Manager)

 

Manager:

Dürr Special Material Handling GmbH

Gewerbestr. 1

79639 Grenzach-Wyhlen

Legal form: Private limited company

dissolved

Share capital:     EUR             50.000,00

Reg. Data:  25.11.2002

HRB 413461

79098 FREIBURG

 

 

Further functions/participations of Ralf W. Dieter (Manager)

 

President of the Board of Directors:

Dürr Aktiengesellschaft

Otto-Dürr-Str. 8

Post Box: 40 02 60

70435 Stuttgart

Legal form: Public limited company

Share capital:     EUR         40.263.731,20

Reg. Data:  23.11.1989

HRB 13677

70190 STUTTGART 1

 

 

President of the Board of Directors:

Carl Schenck Aktiengesellschaft

Landwehrstr. 55

64293 Darmstadt

Legal form: Public limited company

Share capital:     EUR         39.700.000,00

Reg. Data:  01.05.1974

HRB 1818

64283 DARMSTADT

 

 

BUSINESS HISTORY

 

1895                 Dürr GmbH

70435 Stuttgart

Private limited company

27.10.1977           Dürr Anlagenbau GmbH

Otto-Dürr-Str. 9

70435 Stuttgart

Private limited company

24.04.1985           Dürr Systems GmbH

Otto-Dürr-Str. 9

70435 Stuttgart

Private limited company

01.05.2000           Dürr Systems GmbH

Otto-Dürr-Str. 8

70435 Stuttgart

Private limited company

 

 

BUSINESS ACTIVITIES

 

518

WHOLESALE OF MACHINERY, EQUIPMENT AND SUPPLIES

 

74151

HOLDING COMPANIES, SPECIALIZING IN THE PRODUCTION SECTOR

 

74205

ENGINEERING ACTIVITIES FOR PROJECTS IN SPECIFIC TECHNICAL FIELDS

 

29240

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

 

 

BRANCHES AND FACTORIES

 

Works:

Dürr Systems GmbH *Produktionsstätte

Applika- tionstechnik*

Rosenstr. 39

74321 Bietigheim-Bissingen

 

Works:

Dürr GmbH **Produktionsstätte

Lackiertechnik**

Schützenstr. 142

48607 Ochtrup

 

Works:

Dürr Systems GmbH

Schmalbachstr. 16

38112 Braunschweig

 

Branch:

Dürr Systems GmbH

Zum Industriepark

14974 Ludwigsfelde

 

Branch:

Dürr Systems GmbH

Schützenstr. 142

48607 Ochtrup

 

Branch:

Dürr Systems GmbH

Schorbachstr. 9

35510 Butzbach

 

Branch:

Dürr Systems GmbH

Gewerbestr. 1

79639 Grenzach-Wyhlen

 

 

PARTICIPATION

 

Shareholder:

Dürr Somac GmbH

Zwickauer Str. 30

09366 Stollberg

Legal form: Private limited company

Share capital:     EUR            500.000,00

Share:                EUR            500.000,00

Reg. Data:  09.01.1998

HRB 15070

09130 CHEMNITZ

Turnover:            EUR        26.100.000,00

Employees:                               160

 

 

FINANCIAL INFORMATION

 

Solvency rating:      1,7

 

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:   proprietor

Share:                        100,00 %

Address              Otto-Dürr-Str. 8

                           70435 Stuttgart

 

Land register documents were not available.

 

 

BANKERS

 

BADEN-WÜRTTEMB.BANK/LANDESBANK BADEN-WÜRTTEMB., STUTTGART

Sort. code: 60050101, Account No: 2084653

 

DEUTSCHE BANK, STUTTGART

Sort. code: 60070070, Account No: 1153600

 

 

FIGURES

 

Financial year:      01.01. - 31.12.

Share capital:                            EUR                  60.000.000,00

Equipment:                                EUR                    5.021.000,00

Total number of vehicles:                                                                218

- Lorries (owned):                                                                  6

- Cars (owned):                                                                      123

- Cars (leased):                                                                       89

Total value of vehicles:                EUR                       308.207,00

- Lorries:                                    EUR                           6.297,00

- Cars:                                       EUR                       301.910,00

Employees:                                                                         1.186

- Salaried employees:                                                            982

- Workers:                                                                              152

- Trainees:                                                                               52

Control and profit transfer agreement with:

Dürr Aktiengesellschaft

70435 Stuttgart

 

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