MIRA INFORM REPORT

 

 

Report Date :           

01.12.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

JOSEPH VÖGELE AKTIENGESELLSCHAFT

 

 

Registered Office :

Joseph-Vögele-Str. 1, D 67075 Ludwigshafen

 

 

Country :

Germany

 

 

Date of Incorporation :

01.01.1836

 

 

Com. Reg. No.:

HRB 62108

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Manufacture of other general-purpose machinery

 

 

No. of Employees :

1000 Persons

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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 

 

Joseph Vögele Aktiengesellschaft

 

 

Main address:       

Joseph-Vögele-Str. 1

D 67075 Ludwigshafen

Telephone:        0621/81050

Telefax:             0621/8105469

Homepage:        www.voegele.info

E-mail:              mail@voegele.info

 

 

VAT no     

 

DE143873481

 

 

CONCLUSION

 

The company is considered solvent for credits within its scope of business.

 

 

Synthesis

 

LEGAL FORM               Public limited company

Date of foundation:         01.01.1836

Registered on:               30.06.2010

Commercial Register:     Local court 67061 Ludwigshafen

under:                                       HRB 62108

Share capital:                 EUR         10,200,000.00

 

 

Shareholder

 

Wirtgen Beteiligungsgesellschaft mbH

Reinhard-Wirtgen-Str. 2

D 53578 Windhagen

Legal form: Private limited company

Share capital:     EUR         25,000,000.00

Share:                             100.000 %

Registered on: 22.06.1973

Reg. data: 56410 Montabaur, HRB 10492

Member of the Board of Directors

 

Bernhard Düser

D 69469 Weinheim

authorized to jointly represent the company

born: 25.02.1954

Profession: graduate engineer

 

Member of the Board of Directors:

Dr.-Ing. Christian Pawlik

Ginsterweg 2

D 67434 Neustadt

authorized to jointly represent the company

born: 10.11.1958

Profession: Engineer

Marital status: married

 

 

President of the Supervisory Board

 

Stefan Wirtgen

Klaushof 1

D 53560 Vettelschoß

born: 01.07.1970

Profession: Engineer

Marital status: married

 

 

Vice-president of the Supervisory Board

 

Dr. Günther Robert Hähn

D 53639 Königswinter

born: 02.09.1957

Marital status: unknown

 

 

Member of the Supervisory Board

 

Rainer Otto

Weitblick 29

D 53773 Hennef

born: 31.01.1957

Representative of the Employees within the Supervisory Board

 

Thomas Jakob

D 68809 Neulußheim

 

Representative of the Employees within the Supervisory Board:

Andreas Rennig

D 67059 Ludwigshafen

 

 

Proxy

 

Franz Welsch

D 67152 Ruppertsberg

authorized to jointly represent the company

born: 07.02.1951

 

Proxy:

Stefan Tamble

F 57320 Bousonville

authorized to jointly represent the company

born: 17.07.1964

Nationality: French

 

Proxy:

Martin Buschmann

D 67435 Neustadt

authorized to jointly represent the company

born: 19.05.1965

 

Proxy:

Michael Dudek

D 76131 Karlsruhe

authorized to jointly represent the company

born: 26.07.1972

 

 

COMPANY HISTORY

 

01.01.1920 - 30.06.2010  Joseph Vögele Aktiengesellschaft

                         Neckarauer Str. 168-228

                         D 68163 Mannheim

                         Public limited company

01.07.2010 - 2011        Joseph Vögele Aktiengesellschaft

                         Joseph-Vögele-Str. 1

                         D 67067 Ludwigshafen

                         Public limited company

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

28290   Manufacture of other general-purpose machinery

 

Secondary industrial sector

46141   Agents involved in the sale of machines (except agricultural machineryand office machinery) and industrial supplies n.e.c.

 

4690   Non-specialized wholesale trade

 

82999   Other business support service activities n. e. c.

 

 

FINANCIAL INFORMATION

 

Payment experience:     cash discount/within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            > 250,000 EUR

 

 

REAL ESTATE

 

Type of ownership:   proprietor

Share:                100.00 %

Address              Neckarauer Str. 168-228

                        D 68163 Mannheim

 

Type of ownership:   unknown

Address              Joseph-Vögele-Str. 1

                         D 67075 Ludwigshafen

 

Land register documents were not available.

 

 

BANKERS

 

A bank connection is unknown.

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Employees:               1,000

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.17

UK Pound

1

Rs.81.29

Euro

1

Rs.69.47

 

 

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.