MIRA INFORM REPORT

 

 

Report Date :

13.05.2008

 

 

IDENTIFICATION DETAILS

 

Name :

FETTE GMBH

 

 

Registered Office :

Grabauer Str. 24 21493 Schwarzenbek Post Box:  11 80

 

 

Country :

Germany

 

 

Date of Incorporation :

01.02.1908

 

 

Com. Reg. No.:

HRB 48 SB

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Tools

 

 

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

 

Fette GmbH

Grabauer Str. 24

21493 Schwarzenbek

Post Box:  11 80

Telephone: 04151/120

Telefax:   04151/12510

Homepage:  www.fette.de

E-Mail:    tablet@fette.com

 

 

 

SOLVENCY RATING   

 

 1,6

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

Business relations are permissible.

 

 

LEGAL FORM          

 

Private limited company

 

 

Date of foundation

 

01.02.1908

 

 

Shareholders' agreement       

 

15.12.1971

 

 

Registered on      

 

30.12.1971

 

 

 

 

 

Commercial Register

 

Local court 23568 LÜBECK

under:               HRB 48 SB

 

 

Share capital                        

 

EUR         20.460.000,00

 

 

Shareholder

 

Leitz Metalworking Technologies GmbH & Co.

KG

Leitzstr. 2

73447 Oberkochen

Legal form: Ltd partnership with priv. ltd.

Company as General partner

Total cap. contribution: EUR    4.000.000,00

Share:             EUR         20.460.000,00

Reg. Data:  28.12.1993

HRA 500870

89073 ULM

Employees:                             6.545

 

 

Manager

 

Dr. Georg Speith

65232 Taunusstein

authorized to jointly represent the company

born 30.12.1952

 

Manager:

Axel Friedmann

Am Lehmberg 5

83373 Taching

authorized to jointly represent the company

Occupation: Businessman

 

 

Proxy

 

Carsten Fuhlendorf

49074 Osnabrück

authorized to jointly represent the company

born 09.02.1967

 

 

 

 

Further functions/participations of Georg Speith (Manager)

 

Manager:

Hessapp GmbH

Aarstr. 157

Post Box: 1254

65232 Taunusstein

Legal form: Private limited company

Share capital:     EUR          1.000.000,00

Reg. Data:  26.10.2004

HRB 21439

65185 WIESBADEN

 

Manager:

Boehringer Werkzeugmaschinen GmbH

Stuttgarter Str. 50

73033 Göppingen

Legal form: Private limited company

Share capital:     EUR         16.000.000,00

Reg. Data:  03.07.1922

HRB 530032

89073 ULM

 

 

BUSINESS HISTORY

 

 21.05.2001           Wilhelm Fette GmbH

                      Grabauer Str. 24

                      21493 Schwarzenbek

                      Private limited company

 

 

BUSINESS ACTIVITIES

 

 2862

 MANUFACTURE OF TOOLS

 29240

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

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      Wilhelm Fette GmbH

                      Meiereistr. 12

                      21493 Schwarzenbek

 

 

 

 

 

PARTICIPATION

 

Shareholder:

Fette Absolut GmbH

Hauptstr. 139-141

76461 Muggensturm

Legal form: Private limited company

Share capital:     EUR            525.000,00

Share:             EUR            525.000,00

Reg. Data:  06.02.1998

HRB 521798

68159 MANNHEIM

Turnover:          EUR            800.000,00

Employees:                                18

 

Shareholder:

Fette Präzisionswerkzeuge GmbH

Freirodaer Str. 7

04435 Schkeuditz

Legal form: Private limited company

Share capital:     EUR            511.291,88

Share:             EUR            511.291,88

Reg. Data:  06.11.1990

HRB 1319

04275 LEIPZIG

 

 

FINANCIAL INFORMATION

 

Solvency rating:      1,6

 Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:   proprietor

 Address              Grabauer Str. 24

                      21493 Schwarzenbek

 Value at selling price:                 EUR          5.421.000,00

 

 Land register documents were not available.

 

 

BANKERS

 

 BADEN-WÜRTTEMBERGISCHE BANK, STUTTGART

 Sort. code: 60020030, Account No: 1004495600

 DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN, LÜBECK

 Sort. code: 23070700, Account No: 0344200

 COMMERZBANK, HAMBURG

 Sort. code: 20040000, Account No: 8411100

 

 

 FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:                      2006                 EUR        134.000.000,00

                                    2007                 EUR        141.906.000,00

 Share capital:                                       EUR         20.460.000,00

 Employees:                                                                  1.059

 

 

 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