MIRA INFORM REPORT

 

 

Report Date :

23.07.2011

 

IDENTIFICATION DETAILS

 

Name :

STORA ENSO UETERSEN GMBH

 

 

Registered Office :

Pinnauallee 3 D 25436 Uetersen

 

 

Country :

Germany

 

 

Date of Incorporation :

16.06.2008

 

 

Com. Reg. No.:

HRB 7583 PI

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of paper and paperboard

 

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 :

Usually Correct

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

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 and address

 

Stora Enso Uetersen GmbH

Company Status:      active

 

Main address:

Pinnauallee 3

D 25436 Uetersen

Telephone:04122/719-0

Telefax:  04122/719-206

Homepage: www.storaenso.com

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registration data

 

 LEGAL FORM                          Private limited company

 Date of foundation:                    16.06.2008

 Begin of business

 activities:                                              16.06.2008

 Shareholders'

 agreement:                               16.06.2008

 Registered on:                          27.08.2008

 Commercial Register:                Local court 25421 Pinneberg

 under:                                      HRB 7583 PI

 

 

Share capital                       

 

EUR          9,500,100.00

 

 

Shareholder

 

FPB Holding GmbH & Co. KG

Moskauer Str. 27

D 40227 Düsseldorf

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR        374,237,225.00

contribution:

Share:             EUR          9,500,100.00

Registered on: 16.10.2001

Reg. data: 40213 Düsseldorf, HRA 14963

Profit transfer agreement

 

Manager

 

Thomas Rajcsanyj

D 46535 Dinslaken

born: 30.10.1967

 

Proxy

 

Hartmut Münster

D 22880 Wedel

authorized to jointly represent the company

born: 06.12.1953

 

Proxy:

Werner Neitzel

Am Eichholz 34

D 25436 Uetersen

authorized to jointly represent the company

born: 10.09.1948

 

 

COMPANY HISTORY

 

 09.11.1993 - 20.01.1995  Stora Papyrus Uetersen GmbH

                          Pinnauallee 3

                          D 25436 Uetersen

                          Private limited company

 21.01.1995 - 03.09.1999  Stora Uetersen GmbH

                          Pinnauallee 3

                          D 25436 Uetersen

                          Private limited company

 04.09.1999 - 16.11.2001  Stora Enso Uetersen GmbH

                          Pinnauallee 3

                          D 25436 Uetersen

                          Private limited company

 17.11.2001 - 27.08.2008  Stora Enso Uetersen GmbH & Co. KG

                          Pinnauallee 3

                          D 25436 Uetersen

                          Ltd partnership with priv. ltd. company

                          as general partner

BUSINESS ACTIVITIES

 

 Sectors

 17120   Manufacture of paper and paperboard

1729   Manufacture of other articles of paper and paperboard

46494   Wholesale of paper and paperboard, stationery, office

 supplies, books,periodicals and newspapers

 

 

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:   proprietor

 Share:                100.00 %

 Address              Pinnauallee 3

                      D 25436 Uetersen

 

 Land register documents were not available.

 

 

BANKERS

 

 COMMERZBANK, UETERSEN

 Sort. code: 22141628, BIC: COBADEFF223

 NORDEA BANK FINLAND, FRANKFURT AM MAIN

 Sort. code: 51430300, BIC: NDEADEFFXXX

 

 

FINANCIAL FIGURES

 

 Financial year:      01.11. - 31.10.

 Turnover:            2008/2009          EUR        122,053,197.00

                      2009/2010          EUR        487,238,574.00

 further business figures:

 Share capital:                          EUR          9,500,100.00

 Employees:                                                  1,312

 

 Profit transfer agreement to:

                      FPB Holding GmbH & Co. KG

                      Moskauer Str. 27

                      D 40227 Düsseldorf

 

 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.44.37

UK Pound

1

Rs.72.34

Euro

1

Rs.63.87

 

 

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.