MIRA
INFORM REPORT
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Report Date : |
25.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
HANSGROHE AG |
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Registered Office : |
Auestr. 5-9, 77761 Schiltach, Post
Box: 1145 |
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Country : |
Germany |
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Date of Incorporation : |
01.01.1901 |
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Com. Reg. No.: |
HRB 481038 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacture of Taps and Valves |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
Hansgrohe AG
Auestr. 5-9
77761 Schiltach
Post Box: 1145
Telephone: 07836/51-0
Telefax: 07836/51-1300
Homepage:
www.hansgrohe.com
E-Mail:
info@hansgrohe.com
CONCLUSION
Business relations are
permissible.
The company is considered solvent for credits within its scope
of business.
LEGAL FORM
Public limited company
Date of foundation
01.01.1901
Registered on
14.06.1905
Commercial Register
Local court 70190 STUTTGART 1
under: HRB 481038
Share capital
EUR 61.156.320,00
Shareholder
MASCO Corp.
.
USA - Michigan
Legal form: Other legal form
Shareholder:
Oliver Grohe
Gutleutweg 49
72275 Alpirsbach
born 08.04.1964
Shareholder:
Matthias Grohe
Lenzhalde 83
70192 Stuttgart
born 28.10.1962
Shareholder:
Dr. Heinz Mathauer Beteiligungs und
Vermietungs GmbH & Co.KG
77761 Schiltach
Legal form: Ltd partnership with priv. ltd.
Company as General partner
Shareholder:
Syngroh Beteiligungsgesell- schaft mbH &
Co.KG
Auestr.
77761 Schiltach
Legal form: Ltd partnership with priv. ltd.
Company as General partner
Reg. Data: 13.08.1999
HRA 480833
70190 STUTTGART 1
Shareholder:
Masco Germany Holding GmbH
Hinterm Haag 10
69207 Sandhausen
Legal form: Private limited company
Share capital: EUR 10.000.000,00
Reg. Data: 01.07.2002
HRB 337167
68159 MANNHEIM
President of the Board of Directors
Siegfried Gänßlen
72275 Alpirsbach
having sole power of representation
born 30.01.1946
Occupation: Management expert
Member of the Board of Directors
Otto Schinle
Tannenstr. 17
77761 Schiltach
born 13.04.1949
Occupation: Businessman
Marital status: married
Member of the
Board of Directors:
Karl-Heinz Hammann
Fichtenweg 6
77761 Schiltach
Member of the
Board of Directors:
Richard Grohe
F - Sessenheim
born 14.09.1965
Nation.: French
Vice-president of the Supervisory
Board
Thomas Voss
GB London
Nation.: British
Member of the Supervisory Board
Alfred Chini
Wölperwiesenweg 10
72250 Freudenstadt
born 17.08.1924
Occupation: Constructional engineer
Marital status: married
Member of the
Supervisory Board:
Graham Balls
L Munsbach
Member of the
Supervisory Board:
Manfred Hübner
77761 Schiltach
born 15.11.1954
Proxy
Norbert Ritter
Hauptstr. 30
77761 Schiltach
Proxy:
Horst Josef Flieger
Bickenmäuerle 33/2
77761 Schiltach
authorized to jointly represent the company
born 17.01.1954
Occupation: Businessman
Marital status: married
Proxy:
Joachim Huber
78713 Schramberg
authorized to jointly represent the company
born 28.06.1958
Proxy:
Ulrich Jäckle
78713 Schramberg
authorized to jointly represent the company
born 02.08.1963
Proxy:
Karl Schmieder
77761 Schiltach
authorized to jointly represent the company
born 17.01.1952
Proxy:
Luis Weiler
Schwarzwaldstr. 30
76597 Loffenau
authorized to jointly represent the company
born 08.11.1960
Occupation: Fully qualified management
expert
Proxy:
Nicholas Matten Dr.-Ing.
77652 Offenburg
authorized to jointly represent the company
born 27.09.1961
Proxy:
Julian Henco
Jahnstr. 36
50259 Pulheim
authorized to jointly represent the company
born 29.03.1965
Occupation: Businessman
Marital status: unknown
Proxy:
Thomas Musial
Fliederweg 7
61267 Neu-Anspach
authorized to jointly represent the company
born 09.12.1963
Further functions/participations of Siegfried Gänßlen (President of the
Board of Directors)
Manager:
Hansgrohe International GmbH
Auestr. 9
77761 Schiltach
Legal form: Private limited company
Share capital: EUR 520.000,00
Reg. Data: 13.01.1998
HRB 480945
70190 STUTTGART 1
Further functions/participations of Otto Schinle (Member of the Board of
Directors)
Manager:
Hansgrohe International GmbH
Auestr. 9
77761 Schiltach
Legal form: Private limited company
Share capital: EUR 520.000,00
Reg. Data: 13.01.1998
HRB 480945
70190 STUTTGART 1
Manager:
Pontos GmbH
Auestr. 5-9
77761 Schiltach
Legal form: Private limited company
Share capital: EUR 75.000,00
Reg. Data: 21.06.2001
HRB 481145
70190 STUTTGART 1
Manager:
Hansgrohe Deutschland Vertriebs GmbH
Auestr. 5-9
77761 Schiltach
Legal form: Private limited company
Share capital: EUR 100.000,00
Reg. Data: 06.11.2002
HRB 481204
70190 STUTTGART 1
BUSINESS HISTORY
14.06.1905 Hans
Grohe GmbH & Co. KG
Auestr. 5-9
77761
Schiltach
Ltd partnership
with priv. ltd. Company as
General partner
10.09.1999 Hansgrohe AG
Auestr. 5-9
77761
Schiltach
Public limited company
BUSINESS ACTIVITIES
28140
Manufacture of taps and
valves n.e.c.
Export countries:
76,0 %
BRANCHES AND FACTORIES
Branch:
Hansgrohe AG - Abteilung Messebau -
Schramberger Str. 57
77761 Schiltach
Branch:
Brausenfabrik
USA
Atlanta
Branch:
Hansgrohe AG -Niederlassung Berlin-
Paradiesstr. 206 b
12526
Berlin
Branch:
Hansgrohe AG Abteilung
Messebau
Robert-Koch-Str. 2
72275
Alpirsbach
Branch:
Hansgrohe AG
Kreuzwegstr. 51
77656
Offenburg
PARTICIPATION
Shareholder:
Hansgrohe International GmbH
Auestr. 9
77761 Schiltach
Legal form: Private limited company
Share capital: EUR 520.000,00
Share:
EUR 520.000,00
Reg. Data: 13.01.1998
HRB 480945
70190 STUTTGART 1
Employees: 5
Profit transfer agreement
Shareholder:
Hansgrohe Deutschland Vertriebs GmbH
Auestr. 5-9
77761 Schiltach
Legal form: Private limited company
Share capital: EUR 100.000,00
Share: EUR 100.000,00
Reg. Data: 06.11.2002
HRB 481204
70190 STUTTGART 1
Employees: 100
Profit transfer agreement
Shareholder:
Pontos GmbH
Auestr. 5-9
77761 Schiltach
Legal form: Private limited company
Share capital: EUR 75.000,00
Share:
EUR 75.000,00
Reg. Data: 21.06.2001
HRB 481145
70190 STUTTGART 1
Turnover: EUR 750.000,00
Employees: 13
Profit transfer agreement
FINANCIAL INFORMATION
Payment experience: cash
discount/within agreed terms
Trend of business:
positive
Order position: very
good
Market position:
significant
REAL ESTATE
Type of ownership: Tenant
Address Auestr. 5 - 9
77761 Schiltach
Type of ownership: proprietor
Share: 100,00 %
Address Kreuzwegstr. 41
77656 Offenburg
Land register documents
were not available.
BANKERS
SPARKASSE WOLFACH, WOLFACH
Sort. code: 66452776
BADEN-WÜRTTEMB.BANK/LANDESBANK BADEN-WÜRTTEMB., VILLINGEN-
SCHWENNINGEN
Sort. code: 64450288
DRESDNER BANK, FREIBURG IM
BREISGAU
Sort. code: 68080030
BADEN-WÜRTTEMB.BANK/LANDESBANK BADEN-WÜRTTEMB., ROTTWEIL
Sort. code: 60050101
DEUTSCHE BANK, OFFENBURG
Sort. code: 66470035
COMMERZBANK, ROTTWEIL
Sort. code: 64240071
VOLKSBANK KINZIGTAL,
WOLFACH
Sort. code: 66492700
FIGURES
Financial year: 01.01. - 31.12.
Turnover: 2006 EUR
399.522.857,00
2007 EUR 400.000.000,00
Expected turnover: 2008 EUR 400.000.000,00
Profit: 2006 EUR 25.764.649,00
Share capital: EUR 61.156.320,00
Value of stocks: EUR
48.542.694,00
Ac/ts receivable: EUR 56.712.788,00
Liabilities: EUR 46.952.314,00
Employees:
1.740
- Salaried employees: 442
- Workers:
1.182
- Trainees: 116
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. |
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UK Pound |
1 |
Rs. |
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Euro |
1 |
Rs. |
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%)