MIRA INFORM REPORT

 

 

Report Date :

16.06.2008

 

IDENTIFICATION DETAILS

 

Name :

GLATT GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG

 

 

Registered Office :

Werner-Glatt-Str. 1 79589 Binzen

 

 

Country :

Germany

 

 

Date of Incorporation :

01.01.1954

 

 

Com. Reg. No.:

HRB 410707

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Machines for Non-Specified Use

 

 

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

 

GLATT Gesellschaft mit beschränkter Haftung

Werner-Glatt-Str. 1

79589 Binzen

Telephone: 07621/664-0

Telefax:   07621/64723

Homepage:  www.glatt.com

E-Mail:    info@glatt.de

 

 

VAT no.        

 

DE142393270

 

 

SOLVENCY RATING  

 

1,4

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

Business relations are permissible.

 

 

LEGAL FORM          

 

Private limited company

 

 

Date of foundation

 

01.01.1954

 

 

Shareholders' agreement             

 

01.01.1954

 

 

Registered on    

 

28.12.1977

 

 

Commercial Register

 

Local court 79098 FREIBURG

under:               HRB 410707

 

 

Share capital                         

 

EUR          5.000.000,00

 

 

Shareholder

 

Martina Nowack

Im Schlattgarten 26

79589 Binzen

born: Glatt

born 07.07.1956

Share:             EUR          4.500.000,00

 

Shareholder:

Werner Glatt

Werner-Glatt-Str. 1

79589 Binzen

born 04.07.1922 in Lörrach

Share:             EUR            500.000,00

 

 Manager

 

Reinhard Nowak

Im Schlattgarten 26

79589 Binzen

having sole power of representation

born 24.05.1950

Occupation: graduate engineer

Marital status: married

 

Manager:

Dr. Bernhard Luy

Hauptstr. 48

79295 Sulzburg

having sole power of representation

born 18.06.1961

 

Manager:

Alfred Mück

79576 Weil am Rhein

having sole power of representation

born 29.05.1955

 

 

 

Proxy

 

Dr. Norbert Pöllinger

79379 Müllheim

authorized to jointly represent the company

born 16.08.1955

 

Proxy:

Armin Prasch

79098 Freiburg

authorized to jointly represent the company

born 04.08.1962

 

Proxy:

Wolfgang Hungerbach

79379 Müllheim

authorized to jointly represent the company

born 19.09.1947

 

 

Further functions/participations of Reinhard Nowak (Manager)

 

Shareholder:

Heinrich Nowak Apparatebau GmbH

Alemannenstr. 24

79689 Maulburg

Legal form: Private limited company

Share capital:     EUR             95.867,23

Share:             EUR             95.867,23

Reg. Data:  27.01.1986

HRB 670204

79098 FREIBURG

Turnover:          EUR          1.200.000,00

Employees:                                10

 

Shareholder:

IPC Process Center Verwaltungs mbH

Im Schlattgarten 26

79589 Binzen

Legal form: Private limited company

Share capital:     EUR             25.564,59

Share:             EUR             25.564,59

Reg. Data:  27.08.1992

HRB 412028

79098 FREIBURG

 

Shareholder:

FFF GmbH

Athenslebener Weg 51a

39418 Staßfurt

Legal form: Private limited company

Share capital:     EUR             25.000,00

Share:             EUR             25.000,00

Reg. Data:  16.10.2003

HRB 113972

39576 STENDAL

 

Manager:

Glatt-Ingenieurtechnik GmbH

Nordstr. 12

99427 Weimar

Legal form: Private limited company

Share capital:     EUR            511.291,88

Reg. Data:  23.05.1991

HRB 102013

07745 JENA

 

Manager:

Glatt Systemtechnik Gesellschaft mit

beschränkter Haftung

Grunaer Weg 26

01277 Dresden

Legal form: Private limited company

Share capital:     EUR            255.645,94

Reg. Data:  16.12.1991

HRB 4203

01099 DRESDEN

 

Manager:

PTD Präzisionstechnik Dresden Gesellschaft

mit beschränkter Haftung

Grunaer Weg 26

01277 Dresden

Legal form: Private limited company

Share capital:     EUR             51.129,19

Reg. Data:  16.12.1991

HRB 4204

01099 DRESDEN

 

Manager:

IPC Process Center Verwaltungs mbH

Im Schlattgarten 26

79589 Binzen

Legal form: Private limited company

Share capital:     EUR             25.564,59

Reg. Data:  27.08.1992

HRB 412028

79098 FREIBURG

 

Manager:

FFF GmbH

Athenslebener Weg 51a

39418 Staßfurt

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  16.10.2003

HRB 113972

39576 STENDAL

 

 

 

BUSINESS HISTORY

 

 02.01.1954           Werner Glatt

                      79589 Binzen

                      Unregistered commercial enterprise

 29.12.1977           GLATT Gesellschaft mit beschränkter Haftung

                      Werner-Glatt-Str. 1

                      79589 Binzen

                      Private limited company

 

 

 BUSINESS ACTIVITIES

 

 2924

 MANUFACTURE OF MACHINES FOR NON-SPECIFIED USE

 

 

PARTICIPATION

 

Shareholder:

Glatt-Ingenieurtechnik GmbH

Nordstr. 12

99427 Weimar

Legal form: Private limited company

Share capital:     EUR            511.291,88

Share:             EUR            511.291,88

Reg. Data:  23.05.1991

HRB 102013

07745 JENA

Employees:                               140

Profit transfer agreement

 

Shareholder:

Glatt Systemtechnik Gesellschaft mit

beschränkter Haftung

Grunaer Weg 26

01277 Dresden

Legal form: Private limited company

Share capital:     EUR            255.645,94

Share:             EUR            255.645,94

Reg. Data:  16.12.1991

HRB 4203

01099 DRESDEN

Employees:                               198

Profit transfer agreement

 

Shareholder:

PTD Präzisionstechnik Dresden Gesellschaft

mit beschränkter Haftung

Grunaer Weg 26

01277 Dresden

Legal form: Private limited company

Share capital:     EUR             51.129,19

                      Share:             EUR             51.129,19

Reg. Data:  16.12.1991

HRB 4204

01099 DRESDEN

 

 

FINANCIAL INFORMATION

 

Solvency rating:      1,4

 Payment experience:  cash discount/within agreed terms

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Werner-Glatt-Str.

                      79589 Binzen

 

 Type of ownership:   Tenant

 Address              Werner-Glatt-Str. 1

                      79589 Binzen

 

 Land register documents were not available.

 

 

BANKERS

 

 COMMERZBANK, LÖRRACH

 Sort. code: 68340058

 DEUTSCHE BANK, LÖRRACH

 Sort. code: 68370034

 BADEN-WÜRTTEMBERGISCHE BANK, LÖRRACH

 Sort. code: 68320020

 

 

 FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:                      2006                 EUR         55.000.000,00

                                    2007                 EUR         54.800.000,00

 Expected turnover:        2008                 EUR         55.000.000,00

 Share capital:                                       EUR          5.000.000,00

 Value of stocks:                                                EUR          2.000.000,00

 Equipment:                                           EUR          1.800.000,00

 Employees:                                                                  350

 

 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