MIRA INFORM REPORT

 

 

Report Date :           

26.04.2011

 

IDENTIFICATION DETAILS

 

Name :

ANDRITZ KÜSTERS GMBH

 

 

Registered Office :

Eduard-Küsters-Str. 1, D 47805 Krefeld

 

 

Country :

Germany

 

 

Date of Incorporation :

27.08.2007

 

 

Com. Reg. No.:

HRB 11627

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of machinery for paper and paperboard production

 

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 :

250.000 EUR

Status :

Satisfactory

Payment Behaviour :

Regular

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Germany

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

Andritz Küsters GmbH

 

Main address:

Eduard-Küsters-Str. 1

D 47805 Krefeld

Telephone:        02151/340

Telefax:             02151/341206

Homepage:        www.kuesters.com

E-mail:              kuesters@andritz.com

 

 

VAT no.       

 

DE814582235

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         1949

Shareholders'

agreement:                    21.08.2007

Registered on:               27.08.2007

Commercial Register:     Local court 47798 Krefeld

under:                                       HRB 11627

Share capital:                 EUR         10.000.000,00

 

 

Shareholder

 

Andritz Deutschland Beteiligungs GmbH

Eduard-Küsters-Str. 1

D 47805 Krefeld

Legal form: Private limited company

Share capital:     EUR            322.369,53

Share:             EUR         10.000.000,00

Registered on: 23.04.2008

Reg. data: 47798 Krefeld, HRB 11944

Control and profit transfer agreement

Manager

 

Harald Suttor

Zum Waldblick 12

D 09600 Niederschöna

born: 19.06.1959

Nationality: Belgian

 

 

Proxy

 

Thomas Nölle

Kastanienallee 31

D 09618 Brand-Erbisdorf

authorized to jointly represent the company

born: 28.04.1959

Profession: Engineer

 

Proxy:

Wilfried Lenssen

D 47906 Kempen

authorized to jointly represent the company

born: 24.12.1951

 

Proxy:

Dip.-Ing. Wolfgang Bussas

D 51371 Leverkusen

authorized to jointly represent the company

born: 12.10.1955

 

Proxy:

Manfred Uebbing

D 47877 Willich

authorized to jointly represent the company

born: 26.05.1954

Marital status: unknown

 

Proxy:

Andreas Lukas

D 47665 Sonsbeck

authorized to jointly represent the company

born: 06.11.1966

Profession: Businessman

 

Proxy:

Bruno Fritz Holtmann

CH - Dielsdorf

authorized to jointly represent the company

born: 31.05.1947

Nationality: Swiss

 

Proxy:

Peter König

D 41061 Mönchengladbach

authorized to jointly represent the company

born: 01.12.1950

 

 

Further functions/participations of Harald Suttor (Manager)

 

Manager:

Andritz Deutschland Beteiligungs GmbH

Eduard-Küsters-Str. 1

D 47805 Krefeld

Legal form: Private limited company

Share capital:     EUR            322.369,53

Registered

on:         23.04.2008

Reg. data:  47798 Krefeld, HRB 11944

 

Manager:

ANDRITZ Rollteck GmbH

Eduard-Küsters-Str. 1

D 47805 Krefeld

Legal form: Private limited company

Share capital:     EUR             25.000,00

Registered

on:         19.08.2009

Reg. data:  47798 Krefeld, HRB 12570

 

 

COMPANY HISTORY

 

30.12.2005 - 10.05.2006  Küsters Technologie GmbH & Co. KG

                         Eduard-Küsters-Str. 1

                         D 47805 Krefeld

                         Ltd partnership with priv. ltd. company

                         as general partner

11.05.2006 - 27.08.2007  Andritz Küsters GmbH & Co. KG

                         Eduard-Küsters-Str. 1

                         D 47805 Krefeld

                         Ltd partnership with priv. ltd. company

                         as general partner

 

 

BUSINESS ACTIVITIES

 

Sectors

28950   Manufacture of machinery for paper and paperboard production

4669   Wholesale of other machinery, equipment and supplies

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            250.000 EUR

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Eduard-Küsters-Str. 1

                                    D 47805 Krefeld

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK, KREFELD

Sort. code: 32040024, BIC: COBADEFF320

 

HSBC TRINKAUS & BURKHARDT, DÜSSELDORF

Sort. code: 30030880, BIC: TUBDDEDDXXX

 

UNICREDIT BANK - HYPOVEREINSBANK, DÜSSELDORF

Sort. code: 30220190, BIC: HYVEDEMM414

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:            2009               EUR         56.000.000,00

Share capital:                          EUR         10.000.000,00

Employees:                                                    393

- thereof permanent staff:                                    393

 

Control and profit transfer agreement to:

Andritz Deutschland Beteiligungs GmbH

Eduard-Küsters-Str. 1

D 47805 Krefeld

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.45

UK Pound

1

Rs.73.35

Euro

1

Rs.64.78

 

 

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

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

----

NB

New Business

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.