MIRA INFORM REPORT

 

 

Report Date :

17.06.2008

 

IDENTIFICATION DETAILS

 

Name :

V & M DEUTSCHLAND GMBH

 

 

Registered Office :

Theodorstr. 90 40472 Dusseldorf

 

 

Country :

Germany

 

 

Date of Incorporation :

1993

 

 

Com. Reg. No.:

HRB 38113

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Steel Pipes, Except Precision Steel Pipes

 

 

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

 

V & M DEUTSCHLAND GmbH

Theodorstr. 90

40472 Düsseldorf

Telephone: 0211/960-0

Telefax:   0211/960-0

Homepage:  www.vmtubes.de

E-Mail:    info.service@vmtubes.de

 

 

VAT no.          

 

DE811790604

 

 

Tax ID number     

 

103/5700/0130

 

 

SOLVENCY RATING

 

1,0

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

 Business relations are permissible.

 

 

LEGAL FORM          

 

Private limited company

 

 

Date of foundation

 

1993

 

 

Shareholders' agreement            

 

20.10.1993

 

 

Registered on  

 

08.11.1999

 

 

Commercial Register

 

Local court 40213 DÜSSELDORF

under:               HRB 38113

 

 

Share capital                         

 

EUR         52.663.063,76

 

 

Shareholder

 

VALLOUREC & MANNESMANN TUBES SA

F - Bologne

Legal form: Other legal form

Share:             EUR         52.663.063,76

 

 

Manager

 

Claude Blanquet

F Saint-Saulve

born 29.07.1946

Nation.: French

 

Manager:

Norbert Keusen

Buchenstr. 22

40599 Düsseldorf

born 05.01.1955

Occupation: Businessman

 

Manager:

Jean-Yves Le Cuziat

F - Boulogne-Billancourt

born 22.03.1959

Nation.: French

 

Manager:

Rainer Schmidt

45879 Gelsenkirchen

authorized to jointly represent the company

born 19.01.1950

Occupation: Businessman

 

 

Proxy

 

Christian Gry

F Valenciennes

authorized to jointly represent the company

born 10.11.1966

Nation.: French

 

Proxy:

Klaus Kraemer

40472 Ratingen

authorized to jointly represent the company

born 19.02.1955

 

Proxy:

Dominique Richardot

F Paris

authorized to jointly represent the company

born 01.11.1952

Nation.: French

 

Proxy:

Christophe Huot

40472 Düsseldorf

authorized to jointly represent the company

born 20.03.1973

 

Proxy:

Gerhard Theuner

40667 Meerbusch

authorized to jointly represent the company

born 03.10.1956

 

Proxy:

Wolfgang Knobloch

40885 Ratingen

authorized to jointly represent the company

born 13.08.1954

 

Proxy:

Philippe Emery

F Clamart

authorized to jointly represent the company

born 02.05.1952

Nation.: French

 

Proxy:

Dr. Ulrike Zeislmair

Sedanstr. 29

50668 Köln

authorized to jointly represent the company

born 07.05.1950

Occupation: Engineer

Marital status: married

 

Proxy:

Dr. Markus Ring

42651 Solingen

authorized to jointly represent the company

born 29.12.1963

 

 

 

Further functions/participations of Norbert Keusen (Manager)

 

Manager:

VALLOUREC Gesellschaft mit beschränkter

Haftung

Düsselthaler Str. 9

40211 Düsseldorf

Legal form: Private limited company

Share capital:     EUR            103.000,00

Reg. Data:  30.10.1975

HRB 5309

40213 DÜSSELDORF

 

Proxy:

Salzgitter Mannesmann Altersversorgung

Service GmbH

Wiesenstr. 36

45473 Mülheim

Legal form: Private limited company

Share capital:     EUR             26.000,00

Reg. Data:  25.03.2002

HRB 16159

47051 DUISBURG 1

 

 

Further functions/participations of Jean-Yves Le Cuziat (Manager)

 

Manager:

VALLOUREC MANNESMANN OIL & GAS GERMANY GmbH

Theodorstr. 90

40472 Düsseldorf

Legal form: Private limited company

dissolved

Share capital:     EUR             25.564,59

Reg. Data:  28.10.1997

HRB 35202

40213 DÜSSELDORF

 

 

BUSINESS HISTORY

 

20.10.1993           Mannesmann Dritte Verwaltungsgesellschaft

                      mbH

                      Mannesmannufer 2

                      40213 Düsseldorf

                      Private limited company

 30.03.1995           Mannesmann Rohr GmbH

                      Mannesmannufer 2

                      40213 Düsseldorf

                      Private limited company

 28.12.1995           Mannesmannrohr GmbH

                      Wiesenstr. 36

                      45473 Mülheim

                      Private limited company

 22.12.1997           VALLOUREC & MANNESMANN TUBES V & M

                      DEUTSCHLAND GmbH

                      Wiesenstr. 36

                      45473 Mülheim

                      Private limited company

 07.01.2000           V & M DEUTSCHLAND GmbH

                      Rather Kreuzweg 106

                      40472 Düsseldorf

                      Private limited company

 

 

BUSINESS ACTIVITIES

 

27221

 MANUFACTURE OF STEEL PIPES, EXCEPT PRECISION STEEL PIPES

 

 

BRANCHES AND FACTORIES

 

 Works:

                      V & M DEUTSCHLAND GmbH

                      Rather Kreuzweg 106

                      40472 Düsseldorf

 Works:

                      V & M DEUTSCHLAND GmbH

                      Schützenstr. 124

                      45476 Mülheim

 Branch:

                      V & M DEUTSCHLAND GmbH

                      Industriegelände

                      66359 Bous

 Branch:

                      V & M DEUTSCHLAND GmbH - Niederlassung -

                      Glaubitzer Str. 1

                      01619 Zeithain

 Branch:

                      V & M DEUTSCHLAND GmbH

                      Henkelstr. 209

                      40599 Düsseldorf

 

 

PARTICIPATION

 

Shareholder:

Mannesmannröhren Logistic GmbH

Formerstr. 47

40878 Ratingen

Legal form: Private limited company

Share capital:     EUR            512.500,00

Share:               EUR             65.600,00

Reg. Data:  10.04.2003

HRB 47824

40213 DÜSSELDORF

Turnover:          EUR         19.500.000,00

Employees:                                35

 

Shareholder:

VALLOUREC MANNESMANN OIL & GAS GERMANY GmbH

Theodorstr. 90

40472 Düsseldorf

Legal form: Private limited company

dissolved

Share capital:     EUR             25.564,59

Share:             EUR             25.564,59

Reg. Data:  28.10.1997

HRB 35202

40213 DÜSSELDORF

Control and profit transfer agreement

 

 

FINANCIAL INFORMATION

 

 Solvency rating:      1,0

 Payment experience:  in top condition

 

 

REAL ESTATE

 

Type of ownership:   Tenant

 Address              Theodorstr. 90

                      40472 Düsseldorf

 

 Land register documents were not available.

 

 

BANKERS

 

 WESTLB DÜSSELDORF, DÜSSELDORF

 Sort. code: 30050000

 DEUTSCHE BANK, DÜSSELDORF

 Sort. code: 30070010

 DRESDNER BANK, DÜSSELDORF

 Sort. code: 30080000

 

 

FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2006               EUR      2.058.681.000,00

 Share capital:                          EUR         52.663.063,76

 Value of stocks:                                    EUR        234.921.000,00

 Equipment:                               EUR          4.481.000,00

 Ac/ts receivable:                                   EUR        314.725.000,00

 Liabilities:                                  EUR        139.340.000,00

 Real estate of the firm:                EUR         18.329.000,00

 Employees:                                                  3.850

 - Salaried employees:                                         935

 - Workers:                                                        2.670

 - Trainees:                                                        245

 

 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