MIRA INFORM REPORT

 

 

 

Report Date :

11.07.2008

 

IDENTIFICATION DETAILS

 

Name :

SCHMIEDEWERKE GRÖDITZ GMBH

 

 

Registered Office :

Riesaer Str. 1, 01609 Gröditz

 

 

Country :

Germany

 

 

Date of Incorporation :

17.10.2000

 

 

Com. Reg. No.:

HRB 18946

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of other fabricated metal products n.e.c.

Wholesale of iron ores, iron, steel and iron and steel semi-finished goods

 

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

 

Schmiedewerke Gröditz GmbH

Riesaer Str. 1

01609 Gröditz

Telephone: 035263/620

Telefax:   035263/68219

Homepage:  www.stahl-groeditz.de

E-Mail:    vertrieb@stahl-groeditz.de

 

 

SOLVENCY RATING    

 

1,9

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

 

Business relations are permissible.

 

LEGAL FORM               Private limited company

Shareholders' agree-

ment:                                        15.10.1999

Registered on:               17.10.2000

Commercial Register:     Local court 01099 DRESDEN

under:                                       HRB 18946

Share capital:                 EUR             25.000,00

 

 

Shareholder

                 

SWG Holding GmbH

Riesaer Str. 1

01609 Gröditz

Legal form: Private limited company

Share capital: EUR          2.560.000,00

Share:            EUR             25.000,00

Reg. Data:  09.07.2003

                   HRB 21864

                   01099 DRESDEN

                  Control and profit transfer agreement

 

 

Manager

 

Dr.-Ing. Michael G. Schiller

Kirchhörder Str. 196

44229 Dortmund

authorized to jointly represent the company

born 16.01.1959

 

Manager:

Uwe Reinecke

Elbestr. 4

15738 Zeuthen

authorized to jointly represent the company

born 09.03.1965

Occupation: Industrial manager

 

Manager:

Dr. Ing. Andreas Scharf

Alte Königsstr. 4

57399 Kirchhundem

authorized to jointly represent the company

born 19.05.1959

 

Manager:

Dr. Robert Kühn

49186 Bad Iburg

born 18.12.1968

 

 

Proxy

 

Klaus-Peter Knorr

04932 Röderland

authorized to jointly represent the company

born 02.06.1955

 

Proxy:

Angelika Weichelt

01609 Wülknitz

authorized to jointly represent the company

born 03.10.1952

 

Proxy:

Henner Möhlmann

Badenbütteler Str. 12

38542 Leiferde

authorized to jointly represent the company

born 05.09.1942

Occupation: Fully qualified merchant

Marital status: married

 

Proxy:

Detlef Schwerdt

In den Wiesen 19

51467 Bergisch Gladbach

authorized to jointly represent the company

born 09.10.1955

Occupation: Clerk

Marital status: married

 

Further functions/participations of Andreas Scharf (Manager)

 

Manager:

Gröditzer Vertriebsgesellschaft mbH

Halskestr. 23-25

47877 Willich

Legal form: Private limited company

Share capital:     EUR            160.000,00

Reg. Data:         09.04.1998

HRB 6446

                          47798 KREFELD

 

Manager:

Elektrostahlwerke Gröditz GmbH

Riesaer Str. 1

01609 Gröditz

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:         17.10.2000

                          HRB 18947

                          01099 DRESDEN

 

Manager:

Gröditzer Werkzeugstahl Burg GmbH

Troxel 1b

39288 Burg

Legal form: Private limited company

Share capital:     EUR             26.000,00

Reg. Data:  05.06.2001

                   HRB 3627

                  39576 STENDAL

 

Manager:

Gröditzer Kurbelwelle Wildau GmbH

Schmiedestr.

15745 Wildau

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  01.06.2004

                   HRB 17728 P

                  14467 POTSDAM

 

Manager:

EST Edelstahl Trading GmbH

Halskestr. 25

47877 Willich

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  18.12.2007

                   HRB 11781

                   47798 KREFELD

 

Further functions/participations of Uwe Reinecke (Manager)

 

Manager:

SWG Holding GmbH

Riesaer Str. 1

01609 Gröditz

Legal form: Private limited company

Share capital:     EUR          2.560.000,00

Reg. Data:  09.07.2003

                   HRB 21864

                  01099 DRESDEN

 

Manager:

Gröditzer Werkzeugstahl Burg GmbH

Troxel 1b

39288 Burg

Legal form: Private limited company

Share capital:     EUR             26.000,00

Reg. Data:  05.06.2001

HRB 3627

39576 STENDAL

 

Manager:

Gröditzer Kurbelwelle Wildau GmbH

Schmiedestr.

15745 Wildau

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  01.06.2004

                   HRB 17728 P

                  14467 POTSDAM

 

Manager:

Elektrostahlwerke Gröditz GmbH

Riesaer Str. 1

01609 Gröditz

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  17.10.2000

                   HRB 18947

                  01099 DRESDEN

 

Manager:

Gröditzer Vertriebsgesellschaft mbH

Halskestr. 23-25

47877 Willich

Legal form: Private limited company

Share capital:     EUR            160.000,00

Reg. Data:  09.04.1998

                  HRB 6446

                47798 KREFELD

 

Manager:

GMH Systems Ost GmbH

Riesaer Str. 1

01609 Gröditz

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  22.02.2008

                   HRB 26432

                  01099 DRESDEN

 

 

Further functions/participations of Michael G. Schiller (Manager)

 

Manager:

SWG Holding GmbH

Riesaer Str. 1

01609 Gröditz

Legal form: Private limited company

Share capital:     EUR          2.560.000,00

Reg. Data:  09.07.2003

                   HRB 21864

                   01099 DRESDEN

 

Manager:

Gröditzer Werkzeugstahl Burg GmbH

Troxel 1b

39288 Burg

Legal form: Private limited company

Share capital:     EUR             26.000,00

Reg. Data:  05.06.2001

                   HRB 3627

                   39576 STENDAL

 

Manager:

Elektrostahlwerke Gröditz GmbH

Riesaer Str. 1

01609 Gröditz

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  17.10.2000

                   HRB 18947

                   01099 DRESDEN

Manager:

Gröditzer Kurbelwelle Wildau GmbH

Schmiedestr.

15745 Wildau

Legal form: Private limited company              

Share capital:     EUR             25.000,00

Reg. Data:  01.06.2004

                   HRB 17728 P

                  14467 POTSDAM

 

Manager:

Gröditzer Vertriebsgesellschaft mbH

Halskestr. 23-25

47877 Willich

Legal form: Private limited company

Share capital:     EUR            160.000,00

Reg. Data:  09.04.1998

                   HRB 6446

                  47798 KREFELD

 

 

Further functions/participations of Robert Kühn (Manager)

 

Manager:

Elektrostahlwerke Gröditz GmbH

Riesaer Str. 1

01609 Gröditz

Legal form: Private limited company

Share capital:     EUR             25.000,00

 

Reg. Data:  17.10.2000

                    HRB 18947

                    01099 DRESDEN

 

 

BUSINESS HISTORY

 

15.10.1999    Einhundertdreiundvierzigste KOPA

                      Vermögensvrwaltungs- gesellschaft mbH

                      Pelzerstr. 5

                      20095 Hamburg

                      Private limited company

 

29.05.2000    Schmiedewerke Gröditz GmbH

                      Riesaer Str.

                      01609 Gröditz

                      Private limited company

 

 

BUSINESS ACTIVITIES

 

2599

Manufacture of other fabricated metal products n.e.c.

 

46721

Wholesale of iron ores, iron, steel and iron and steel semi-

finished goods

 

2550

Forging, pressing, stamping and roll-forming of metal; powder

metallurgy

 

96090

Other service activities n. e. c.

 

 

FINANCIAL INFORMATION

 

Solvency rating:      1,9

 

Payment experience:  cash discount/within agreed terms

 

Trend of business:   in expansion

 

Order position:      very good

 

 

REAL ESTATE

 

Type of ownership:   proprietor

 

Share:                100,00 %

 

Address              Riesaer Str. 1

                           01609 Gröditz

 

Land register documents were not available.

 

 

BANKERS

 

DRESDNER BANK, OSNABRÜCK

Sort. code: 26580070

 

DRESDNER BANK, DRESDEN

Sort. code: 85080000

 

DEUTSCHE BANK, MAGDEBURG

Sort. code: 81070000

 

LANDESBANK SACHSEN GIROZENTRALE, LEIPZIG

Sort. code: 86050000

 

SPARKASSE MEIßEN, RIESA

Sort. code: 85055000

 

 

 

 

 

 

FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:            2006               EUR        177.337.000,00

                     2007               EUR        217.766.000,00

Share capital:                          EUR             25.000,00

Employees:                                                    601

- Salaried employees:                                         163

- Trainees:                                                    82

Control and profit transfer agreement with:

                      SWG Holding GmbH

                      01609 Gröditz

 

 Approximate figures are given.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.47.72

UK Pound

1

Rs.84.42

Euro

1

Rs.67.38

 

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