MIRA
INFORM REPORT
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Report Date : |
17.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
VAG-ARMATUREN GMBH |
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Registered Office : |
Carl-Reuther-Str. 1, 68305 Mannheim, Post
Box: 31 01 04 |
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Country : |
Germany |
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Date of Incorporation : |
1961 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Manufacture
of Taps and Valves |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
VAG-Armaturen GmbH
Carl-Reuther-Str. 1
68305 Mannheim
Post Box: 31 01 04
Telephone: 0621/7490
Telefax: 0621/7491710
Homepage:
www.vag-armaturen.com
E-Mail:
info@vag-armaturen.com
VAT no.
DE811115114
CONCLUSION
Business relations are permissible.
The company is considered solvent for credits within its scope of
business.
LEGAL FORM
Private limited company
Date of foundation
1961
Shareholders' agreement
12.11.1961
Registered on
22.10.2003
Commercial Register
Local court 68159 MANNHEIM
under: HRB
9735
Share capital
EUR 1.050.000,00
Shareholder
VAG Holding GmbH
Carl-Reuther-Str. 1
68305 Mannheim
Legal form: Private limited company
Share capital: EUR 100.000,00
Share: EUR 1.050.000,00
Reg. Data: 24.04.2008
HRB 704277
68159 MANNHEIM
Manager
Dipl.-Wirtsch. Ing. Robert Fellner-Feldegg
Ulrich-Kiffhaber-Str. 9
86899 Landsberg
born 24.05.1965
Marital status: married
Proxy
Manfred Schmidt
65558 Hirschberg
authorized to jointly represent the company
born 22.12.1946
Proxy:
Volker Böhling
64832 Babenhausen
born 09.11.1962
Proxy:
Hans-Günter Hieronimus
67821 Alsenz
born 10.08.1955
Proxy:
Bernd Ostendorf
67454 Haßloch
born 03.08.1944
Further functions/participations of Robert Fellner-Feldegg (Manager)
Shareholder:
FF Vermögensverwaltungs GmbH
Ulrich-Kiffhaber-Str. 9
86899 Landsberg
Legal form: Private limited company
Share capital: EUR 25.000,00
Share: EUR 25.000,00
Reg. Data: 04.01.2005
HRB 20952
86150 AUGSBURG
Manager:
FF Vermögensverwaltungs GmbH
Ulrich-Kiffhaber-Str. 9
86899 Landsberg
Legal form: Private limited company
Share capital: EUR 25.000,00
Reg. Data: 04.01.2005
HRB 20952
86150 AUGSBURG
Manager:
VAG Holding GmbH
Carl-Reuther-Str. 1
68305 Mannheim
Legal form: Private limited company
Share capital: EUR 100.000,00
Reg. Data: 24.04.2008
HRB 704277
68159 MANNHEIM
BUSINESS HISTORY
1961 IWKA Industrie- Ausrüstungen- Vertriebs-
GmbH
Gartenstr. 71
76135
Karlsruhe
Private limited company
13.05.1998 IWKA - Industrieanlagen GmbH -HRB
564-
Gartenstr. 71
76135
Karlsruhe
Private limited company
22.10.2003 VAG-Armaturen GmbH
Carl-Reuther-Str. 1
68305
Mannheim
Private limited company
BUSINESS ACTIVITIES
28140
Manufacture of taps and
valves n.e.c.
BRANCHES AND FACTORIES
Branch:
VAG
Armaturen GmbH - Büro -
Wilhelmstr. 17
09117
Chemnitz
FINANCIAL INFORMATION
Payment experience: within
agreed terms
REAL ESTATE
Type of ownership: Tenant
Address Carl-Reuther-Str. 1
68305
Mannheim
Land register documents
were not available.
BANKERS
BADEN-WÜRTTEMBERGISCHE
BANK, MANNHEIM
Sort. code: 67020020
DEUTSCHE BANK, MANNHEIM
Sort. code: 67070010
FIGURES
Financial year: 01.01. - 31.12.
Turnover: 2007 EUR
100.000.000,00
Share capital: EUR
1.050.000,00
Employees:
220
Approximate figures are given.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.68 |
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UK Pound |
1 |
Rs.84.37 |
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Euro |
1 |
Rs.65.70 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)