MIRA INFORM REPORT

 

 

Report Date :

16.06.2011

 

IDENTIFICATION DETAILS

 

Name :

GEA WIEGAND GMBH

 

 

Registered Office :

Am Hardtwald 1  D 76275 Ettlingen

 

 

Country :

Germany

 

 

Year of Establishment :

1908

 

 

Com. Reg. No.:

HRB 360206

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Manufacture of machinery for food, beverage and tobacco processing

 

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 :

Good

 

 

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 – 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

 

Name and address

 

GEA Wiegand GmbH

 

Company Status:      active

 

Main address:        Am Hardtwald 1

                     D 76275 Ettlingen

                     Telephone:07243/705-0

                     Telefax:  07243/705-330

                     Homepage: www.gea-wiegand.de

                     E-mail:   info@gea-wiegand.de

 

Legal office:        Einsteinstr. 9-15

                     D 76275 Ettlingen

                     Telephone:07243/705-0

                     Telefax:  07243/705-330

                     Homepage: www.gea-wiegand.de

 

VAT no.          

 

 DE812545058

 

 

Registration data

 

LEGAL FORM                Private limited company

Date of foundation:          1908

Shareholders'

agreement:                    07.11.1989

Registered on:               29.12.1989

Commercial Register:     Local court 68159 Mannheim

under:               HRB 360206

 

 

Share capital                      

 

 EUR          3,835,000.00

 

Shareholder

 

GEA Group Aktiengesellschaft

Peter-Müller-Str. 12

D 40468 Düsseldorf

Legal form: Public limited company

Share capital:     EUR        496,890,368.79

Share:             EUR          3,835,000.00

Registered on: 25.05.2011

Reg. data: 40213 Düsseldorf, HRB 65691

 

Manager

 

Christopher Braun

D 63128 Dietzenbach

born: 15.01.1957

 

Manager:

Gunther Höpfinger

Koblenzer Str. 6a

D 76199 Karlsruhe

born: 24.02.1958

Profession: Employee

Marital status: married

 

Proxy

 

Ingrid Häring

Murgstr. 15a

D 76337 Waldbronn

authorized to jointly represent the company

born: 16.05.1955

Marital status: single

 

Proxy:

Dr. Alberto Riatti

Annette-von-Droste-Hülshoff-

Weg 6a

D 76275 Ettlingen

authorized to jointly represent the company

born: 26.06.1954

Profession: Engineer

Marital status: married

 

 

Proxy:

Frank Börner

D 76456 Kuppenheim

authorized to jointly represent the company

born: 30.04.1969

 

 

Further functions/participations of Gunther Höpfinger

(Manager)

 

Manager:

GEA Jet Pumps GmbH

Einsteinstr. 9-15

D 76275 Ettlingen

Legal form: Private limited company

dissolved

Share capital:     EUR             27,000.00

Registered

on:         01.09.1998

Reg. data:  68159 Mannheim, HRB 362144

 

 

COMPANY HISTORY

 

12.02.2009 - 02.05.2011  GEA Wiegand GmbH

                         Einsteinstr. 9-15

                         D 76275 Ettlingen

                         Private limited company

 

 

BUSINESS ACTIVITIES

Sectors

28930   Manufacture of machinery for food, beverage and tobacco

processing

68102   Buying and selling of own commercial property and

non-residential buildings

 

 

BRANCHES AND FACTORIES

 

Branch:

GEA Wiegand GmbH

Zementstr. 116

D 59269 Beckum

TEL.: 02521/84030

FAX.: 02521/840310

 

Branch:

GEA Wiegand GmbH -Vertriebsbüro

Schorlemmerstr. 8

D 04155 Leipzig

TEL.: 0341-5640420

FAX.: 0341-5640430

 

PARTICIPATIONS

 

Shareholder:

GEA Jet Pumps GmbH

Einsteinstr. 9-15

D 76275 Ettlingen

Legal form: Private limited company

Company Status: dissolved  since: 11.02.2009

Share capital:     EUR             27,000.00

Share:             EUR             27,000.00

Reg. data:  01.09.1998

Local court 68159 Mannheim

HRB 362144

 

Shareholder:

GEA Messo GmbH

Friedrich-Ebert-Str. 134

D 47229 Duisburg

Legal form: Private limited company

Company Status: active

Share capital:     EUR             25,500.00

Share:             EUR             25,500.00

Reg. data:  07.12.2004

Local court 47051 Duisburg

HRB 17346

 

 

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              Zementstr. 116

                     D 59269 Beckum

 

Type of ownership:   Tenant

Address              Am Hardtwald 1

                     D 76275 Ettlingen

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

DEUTSCHE BANK, KARLSRUHE, BADEN

Sort. code: 66070004, Account no.: 79487500, BIC: DEUTDESM660

 

Further banks

COMMERZBANK VORMALS DRESDNER BANK, KARLSRUHE, BADEN

Sort. code: 66080052, Account no.: 567123600, BIC: DRESDEFF660

COMMERZBANK, KARLSRUHE, BADEN

Sort. code: 66040018, Account no.: 4639555, BIC: COBADEFF660

 

 

FINANCIAL FIGURES

 

Financial year:      31.08. - 30.08.

Turnover:            2009/2010          EUR         62,450,000.00

                     2010/2011          EUR         63,000,000.00

further business figures:

Share capital:                          EUR          3,835,000.00

Employees:                                                    270

- thereof permanent staff:                                    190

- Trainees:                                                    10

 

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.44.68

UK Pound

1

Rs.73.04

Euro

1

Rs.64.29

 

 

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.