MIRA INFORM REPORT

 

 

Report Date :

19.05.2008

 

IDENTIFICATION DETAILS

 

Name :

WEISS UMWELTTECHNIK GMBH

 

 

Registered Office :

Greizer Str. 41-49 35447 Reiskirchen

 

 

Country :

Germany

 

 

Date of Incorporation :

1963

 

 

Com. Reg. No.:

HRB 596

 

 

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

 

WEISS UMWELTTECHNIK GMBH

Greizer Str. 41-49

35447 Reiskirchen

Telephone: 06408/84-0

Telefax:   06408/84-8710

Homepage:  www.wut.com

E-Mail:    info@wut.com

 

 

VAT no.         

 

DE811114120

 

 

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

 

1963

 

 

Registered on      

 

06.05.1978

 

 

Commercial Register

 

Local court 35390 GIESSEN

under:               HRB 596

 

 

 

Share capital                        

 

 EUR         11.248.421,39

 

 

Shareholder

 

Schunk GmbH

Parkstr. 1

06502 Thale

Legal form: Private limited company

Share capital:     EUR         25.608.053,87

Share:                EUR         11.248.421,39

Reg. Data:  22.02.1999

HRB 111297

39576 STENDAL

Turnover:          EUR        779.900.000,00

Employees:                             7.352

 

 

Manager

 

Karl Heinz Hehl

Ruhbanksweg 33

35394 Gießen

Occupation: graduate engineer

 

Manager:

Dr. Arno Roth

Nibelungenstr. 23

63868 Großwallstadt

having sole power of representation

born 23.11.1961

 

 

Proxy

 

Ulrich Gerhards

57482 Wenden

authorized to jointly represent the company

born 30.05.1959

 

Proxy:

Thomas Jarck

72124 Pliezhausen

authorized to jointly represent the company

born 31.12.1962

 

Proxy:

Dieter Haus

In der Wiese 23

35435 Wettenberg

born 03.04.1956

Marital status: married

 

Proxy:

Willi Dern

Stoppelberger Str. 6

35625 Hüttenberg

 

Proxy:

Walter Girg

Falkenecksweg 21

35619 Braunfels

 

Proxy:

Gerd Kaupe

Nonnenweg 8

35394 Gießen

 

Proxy:

Michael Steinmüller

35452 Heuchelheim

authorized to jointly represent the company

born 30.01.1960

 

 

Further functions/participations of Karl Heinz Hehl (Manager)

 

Manager:

Vötsch Industrietechnik GmbH

Beethovenstr. 34

72336 Balingen

Legal form: Private limited company

Share capital:     EUR          3.834.689,11

Reg. Data:  12.02.1996

HRB 410872

70190 STUTTGART 1

 

 

Further functions/participations of Arno Roth (Manager)

 

 Manager:

Schunk GmbH

Hanns-Martin-Schleyer-Str. 5

47877 Willich

Legal form: Private limited company

Share capital:     EUR             25.564,59

Reg. Data:  08.05.2000

HRB 7082

47798 KREFELD

 

 

Manager:

Weiss Klimatechnik GmbH

Greizer Str. 41-49

35447 Reiskirchen

Legal form: Private limited company

Share capital:     EUR          5.112.918,81

Reg. Data:  22.03.1984

HRB 1200

35390 GIESSEN

 

Manager:

Schunk GmbH

Parkstr. 1

06502 Thale

Legal form: Private limited company

Share capital:     EUR         25.608.053,87

Reg. Data:  22.02.1999

HRB 111297

39576 STENDAL

 

Manager:

Vötsch Industrietechnik GmbH

Beethovenstr. 34

72336 Balingen

Legal form: Private limited company

Share capital:     EUR          3.834.689,11

Reg. Data:  12.02.1996

HRB 410872

70190 STUTTGART 1

 

Manager:

Schunk Verwaltungsgesellschaft mbH

Rodheimer Str. 59

35452 Heuchelheim

Legal form: Private limited company

Share capital:     EUR          4.090.335,05

Reg. Data:  14.03.1984

HRB 79

35390 GIESSEN

 

 

BUSINESS HISTORY

 

 

BUSINESS ACTIVITIES

 

29240

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

 33202

 MANUFACTURE OF PRECISION MECHANICAL OPTICAL MEASURING, CONTROL,

 NAVIGATION ETC. INSTRUMENTS AND EQUIPMENT

 51872

 Wholesale of other machines (excl. agricultural machines)

 

 

 

PARTICIPATION

 

Shareholder:

Vötsch Industrietechnik GmbH

Beethovenstr. 34

72336 Balingen

Legal form: Private limited company

Share capital:     EUR          3.834.689,11

Share:             EUR          3.834.177,82

Reg. Data:  12.02.1996

HRB 410872

70190 STUTTGART 1

Employees:                               339

Control agreement

 

 

FINANCIAL INFORMATION

 

 Solvency rating:      1,0

 Payment experience:  takes advantage of cash discount

 

 

REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                100,00 %

 Address              Greizer Str. 41-49

                      35447 Reiskirchen

 

 Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK, GIEßEN, LAHN

 Sort. code: 51340013

 DRESDNER BANK, GIEßEN, LAHN

 Sort. code: 51380040

 

 

FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:                      2006                 EUR        752.900.000,00

                                    2007                 EUR        779.900.000,00

 Share capital:                                       EUR         11.248.421,39

 Value of stocks:                                                EUR        134.453.090,00

 Equipment:                                           EUR         85.879.401,00

 Ac/ts receivable:                                               EUR        105.114.744,00

 Liabilities:                                             EUR         33.811.562,00

 - shortterm:                                          EUR         33.811.562,00

 Real estate of the firm:                          EUR         67.286.619,00

 Employees:                                                  7.352

 

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