MIRA INFORM REPORT
|
Report Date : |
02.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
GENERAL MOTORS POWERTRAIN-GERMANY GMBH |
|
|
|
|
Registered Office : |
Friedrich-Lutzmann-Ring 1, D 65428 Rüsselsheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
19.12.2005 |
|
|
|
|
Com. Reg. No.: |
HRB 84287 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of bearings, gears, gearing and driving elements |
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 – 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 & address
General Motors Powertrain-Germany GmbH
Main address:
Friedrich-Lutzmann-Ring 1
D 65428 Rüsselsheim
Telephone: 06142/770
Telefax: 06142/78800
Homepage: www.opel.de
VAT no.
DE814315264
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 2004
Shareholders'
agreement: 10.11.2004
Registered on: 19.12.2005
Commercial Register: Local
court 64283 Darmstadt
under: HRB 84287
Share capital:
EUR 25,000.00
Shareholder
Adam Opel AG
Bahnhofsplatz 1
D 65428 Rüsselsheim
Legal form: Public limited company
Share capital: EUR 664,679,600.00
Share: EUR 25,000.00
Registered on: 05.01.2011
Reg. data: 64283 Darmstadt, HRB 89558
Profit transfer agreement
Manager
Vincent Kerkhof
D 65033 Wiesbaden
born: 18.06.1960
Profession: Financial adviser
Marital status: unknown
Manager:
Anton Meurer
D 65232 Taunusstein
authorized to jointly represent the company
born: 04.06.1952
Profession: Fully qualified political
Economist
President of the Supervisory Board
Rita Forst
D 65428 Rüsselsheim
Vice-president of the Supervisory
Board
Klaus Franz
Robert-Bosch-Str. 4
D 65428 Rüsselsheim
born: 04.04.1952
Member of the Supervisory Board
Vincent Kerkhof
D 65033 Wiesbaden
born: 18.06.1960
Profession: Financial adviser
Marital status: unknown
Member of the
Supervisory Board:
Kjell Ac Bergstroem
D 65428 Rüsselsheim
Member of the
Supervisory Board:
Ralph Greb
D 65428 Rüsselsheim
Member of the
Supervisory Board:
Manfred Kranner
D 65428 Rüsselsheim
Member of the
Supervisory Board:
Karl Friedrich Stracke
D 55232 Alzey
born: 22.06.1956 in Goddelsheim
Profession: Management expert
Marital status: unknown
Member of the
Supervisory Board:
Holger Kimmes
D 65510 Idstein
born: 25.11.1958
Nationality: Swiss
Member of the
Supervisory Board:
Dr. Elke Schmitt
D 65428 Rüsselsheim
Member of the
Supervisory Board:
Adriana Restanio
D 65428 Rüsselsheim
Member of the
Supervisory Board:
Riccardo Ventura
D 65428 Rüsselsheim
Representative of the Employees within
the Supervisory Board
Dieter Schmidt
D 65428 Rüsselsheim
Representative of
the Employees within the Supervisory Board:
Dirk Bresser
D 65428 Rüsselsheim
Representative of
the Employees within the Supervisory Board:
Dietmar Hahn
D 65428 Rüsselsheim
Representative of
the Employees within the Supervisory Board:
Peter Klein
D 65428 Rüsselsheim
Representative of
the Employees within the Supervisory Board:
Alfred Klingel
D 65428 Rüsselsheim
Representative of
the Employees within the Supervisory Board:
Harald Lieske
D 65428 Rüsselsheim
Representative of
the Employees within the Supervisory Board:
Peter Scherrer
D 65428 Rüsselsheim
Representative of
the Employees within the Supervisory Board:
Armin Schild
D 65428 Rüsselsheim
Representative of
the Employees within the Supervisory Board:
Sabine Maaßen
D 60308 Frankfurt
Further functions/participations of
Vincent Kerkhof (Manager)
Limited partner:
H & P Windkraft GmbH & Co. KG Windpark
Manrode I
Auf dem Rohborn 1
D 34434 Borgentreich
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR
975,000.00
contribution:
Share: EUR 103,000.00
Registered
on: 25.09.2001
Reg. data: 33098 Paderborn,
HRA 3315
Limited partner:
H & P Windkraft GmbH & Co. KG WKA Benhausen
II
Pattenhöfen 2
D 34439 Willebadessen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 445,000.00
contribution:
Share: EUR 72,500.00
Registered
on: 23.01.2001
Reg. data: 33098 Paderborn,
HRA 2438
Manager:
ATK Automotive Technology Kaiserslautern
GmbH
Opelkreisel 1
D 67663 Kaiserslautern
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 27.02.2006
Reg. data: 67657
Kaiserslautern, HRB 30104
Manager:
Opel Special Vehicles GmbH
Mainzer Str. ( Adam Opel GmbH-
M55 )
D 65428 Rüsselsheim
Legal form: Private limited company
Share capital: EUR 8,500,000.00
Registered
on: 16.02.2000
Reg. data: 64283 Darmstadt,
HRB 83778
Further functions/participations of
Anton Meurer (Manager)
Manager:
General Motors Powertrain Kaiserslautern
Germany GmbH
Opelkreisel 19
D
67663 Kaiserslautern
Legal form: Private limited
company
Share
capital: EUR 25,564.59
Registered
on: 21.11.1997
Reg.
data: 67657 Kaiserslautern, HRB 3236
COMPANY HISTORY
10.11.2004 - 19.12.2005
Kaiserslautern Automobilteile GmbH
Opelkreisel 1
D
67663 Kaiserslautern
Private limited company
RESIGNED ACTING PERSONS AND
SHAREHOLDERS
28.12.2005 -
13.01.2011 Manager
Daniel Edward Nicholson
D
61462 Königstein
03.07.2008 -
05.05.2009 Manager
Cyrille Rauscher
CH - Zollikerberg
02.11.2005 -
05.05.2009 Manager
Reinhold Metzger
D
55425 Waldalgesheim
BUSINESS ACTIVITIES
Secondary
industrial sector
28150 Manufacture of bearings, gears, gearing and
driving elements
29320 Manufacture of other
parts and accessories for motor vehicles
FINANCIAL INFORMATION
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Maximum credit: 250,000
EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership: Tenant
Address Friedrich-Lutzmann-Ring
1
D 65428 Rüsselsheim
Land register documents were not available.
BANKERS
COMMERZBANK VORMALS DRESDNER BANK, RÜSSELSHEIM
Sort. code: 50083007, BIC: DRESDEFF502
DEUTSCHE BANK, RÜSSELSHEIM
Sort. code: 50073019, BIC: DEUTDEFF502
COMMERZBANK, RÜSSELSHEIM
Sort. code: 50040000, BIC: COBADEFFXXX
UNICREDIT BANK - HYPOVEREINSBANK, DARMSTADT
Sort. code: 50820292, BIC: HYVEDEMM487
FINANCIAL FIGURES
Turnover: 2009 EUR 1,845,991,095.00
Profit: 2009 EUR -3,925,345.00
Employees:
517
Profit transfer
agreement to:
Adam Opel AG
Bahnhofsplatz 1
D 65428 Rüsselsheim
BALANCE SHEETS
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -5.15
Liquidity
ratio: 0.94
Return on total capital [%]: -0.98
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: -21.43
Liquidity ratio: 0.91
Return on total capital [%]: 5.28
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: -20.72
Liquidity ratio: 0.85
Return on total capital [%]: 0.10
Equity ratio
The equity
ratio indicates the portion of the equity as compared to the total capital. The
higher the equity ratio, the better the economic stability (solvency) and thus
the financial autonomy of a company.
Liquidity ratio
The
liquidity ratio shows the proportion between adjusted receivables and net liabilities.
The higher the ratio, the lower the company's financial dependancy from
external creditors.
Return on total capital
The return
on total capital shows the efficiency and return on the total capital employed
in the company. The higher the return on total capital, the more economically
does the company work with the invested capital.
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 616,733,663.55
Fixed assets
EUR 92,711,724.06
Intangible assets
EUR 21,713,848.06
Concessions, licences, rights
EUR 17,296,429.26
Advance payments for intang. assets
EUR 4,417,418.80
Tangible assets
EUR 70,996,845.10
Land / similar rights
EUR 384,933.53
Plant / machinery
EUR 59,736,204.08
Other tangible assets / fixtures and
fittings
EUR 6,533,983.31
Advance payments made / construction
in progress
EUR 4,341,724.18
Financial assets
EUR 1,030.90
Securities
included in fixed assets EUR 1,030.90
Current assets
EUR 522,490,725.33
Stocks
EUR 88,064,627.72
Raw materials, consumables and
supplies EUR 57,703,693.27
Finished goods / work in progress
EUR 30,360,934.45
Accounts receivable
EUR 432,608,302.43
Amounts due from shareholders
EUR 205,886,143.73
Trade debtors
EUR 26,961,525.04
Amounts due from related companies
EUR 183,190,559.14
Other debtors and assets
EUR 16,570,074.52
Liquid means
EUR 1,817,795.18
Remaining other assets
EUR 1,531,214.16
Accruals (assets)
EUR 1,531,214.16
LIABILITIES EUR 616,733,663.55
Shareholders' equity
EUR 196,125,000.00
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 196,100,000.00
Capital reserves
EUR 196,100,000.00
Provisions
EUR 176,983,502.61
Pension provisions and comparable
provisions
EUR 141,054,744.53
Provisions for taxes
EUR 5,859,639.89
Other / unspecified provisions
EUR 30,069,118.19
Liabilities
EUR 243,625,160.94
Other liabilities
EUR 243,625,160.94
Trade creditors (for IAS incl. bills
of exchange)
EUR 164,262,156.64
Liabililties due to related companiesEUR 75,771,694.24
Unspecified other liabilities
EUR 3,591,310.06
Profit and loss account (cost-summary method) according
to Comm.
Code
(HGB)
Sales
EUR 1,845,991,095.48
Inventory change + own costs (+/-)
EUR 4,082,472.03
Inventory change (+/-)
EUR 4,082,472.03
Other operating income
EUR 167,562,297.43
Cost of materials
EUR 1,411,415,810.85
Raw materials and supplies, purchased
goods
EUR 1,040,162,934.10
Purchased services
EUR 371,252,876.75
Gross result (+/-)
EUR 606,220,054.09
Staff expenses
EUR 173,003,614.83
Wages and salaries
EUR 135,764,953.40
Social security contributions and
expenses for pension plans and
benefits
EUR 37,238,661.43
Total depreciation
EUR 76,952,909.22
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 61,684,553.22
Depreciation on current assets (+/-)
EUR 15,268,356.00
Other operating expenses
EUR 368,179,664.45
Operating result from continuing
operations EUR -11,916,134.41
Interest result (+/-)
EUR 11,509,899.57
Interest and similar income
EUR 13,194,447.70
Interest and similar expenses
EUR 1,684,548.13
Financial
result (+/-) EUR 11,509,899.57
Result from ordinary operations (+/-)
EUR -406,234.84
Other extraordinary income
EUR -3,487,214.45
Income from assumption of loss by
parent company EUR 3,925,344.66
Other taxes / refund of taxes
EUR -31,895.37
Tax
(+/-)
EUR -31,895.37
Annual surplus / annual deficit
EUR 0.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 902,935,394.58
Fixed assets
EUR 131,540,036.83
Intangible assets EUR 40,076,578.41
Concessions, licences, rights
EUR 10,228,833.62
Goodwill
EUR 15,730,073.79
Advance payments for intang. assets
EUR 14,117,671.00
Tangible assets
EUR 91,247,341.26
Land / similar rights
EUR 244,115.29
Plant / machinery
EUR 74,775,864.87
Other tangible assets / fixtures and
fittings EUR 5,660,474.36
Advance payments made / construction
in progress
EUR 10,566,886.74
Financial assets
EUR 216,117.16
Securities included in fixed assets EUR
216,117.16
Current assets
EUR 768,774,179.38
Stocks
EUR 92,092,564.34
Raw materials, consumables and
supplies
EUR 65,814,101.92
Finished goods / work in progress
EUR 26,278,462.42
Accounts receivable
EUR 665,545,642.50
Amounts due from shareholders
EUR 304,368,366.46
Trade debtors
EUR 46,365,961.34
Amounts due from related companies
EUR 305,839,648.96
Other debtors and assets
EUR 8,971,665.74
Liquid means
EUR 11,135,972.54
Remaining other assets EUR 2,621,178.37
Accruals (assets)
EUR 2,621,178.37
LIABILITIES EUR 902,935,394.58
Shareholders' equity
EUR 196,125,000.00
Capital EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 196,100,000.00
Capital reserves
EUR 196,100,000.00
Provisions EUR 299,986,090.27
Pension provisions and comparable
provisions
EUR 240,930,324.16
Other / unspecified provisions
EUR 59,055,766.11
Liabilities EUR 406,824,304.31
Other liabilities
EUR 406,824,304.31
Trade creditors (for IAS incl. bills
of exchange)
EUR 201,542,889.96
Liabililties due to related companiesEUR 194,387,801.85
Unspecified other liabilities
EUR 10,893,612.50
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 2,460,182,982.84
Inventory
change + own costs (+/-) EUR -9,985,611.49
Inventory change (+/-)
EUR -9,985,611.49
Other operating income
EUR 321,559,626.23
Cost of materials
EUR 1,826,406,176.69
Raw materials and supplies, purchased
goods
EUR 1,369,913,435.28
Purchased services
EUR 456,492,741.41
Gross result (+/-)
EUR 945,350,820.89
Staff
expenses EUR 228,438,483.77
Wages and salaries
EUR 181,889,318.49
Social security contributions and
expenses for pension plans and
benefits
EUR 46,549,165.28
Total depreciation
EUR 98,256,996.25
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 48,077,936.48
Depreciation on current assets (+/-)
EUR 50,179,059.77
Other operating expenses
EUR 588,830,732.55
Operating result from continuing
operations
EUR 29,824,608.32
Interest result (+/-)
EUR 12,536,189.87
Interest and similar income
EUR 12,987,408.20
Interest and similar expenses
EUR 451,218.33
Other financial result
EUR -42,736.38
Depreciation on financial assets and
marketable securities
EUR 42,736.38
Financial result (+/-)
EUR 12,493,453.49
Result from ordinary operations (+/-)
EUR 42,318,061.81
Expenses for transfer of profits to a
parent
company EUR 30,547,049.55
Income tax / refund of income tax (+/-)EUR -11,750,115.28
Other taxes / refund of taxes
EUR -20,896.98
Tax
(+/-)
EUR -11,771,012.26
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.27 |
|
UK Pound |
1 |
Rs.82.09 |
|
Euro |
1 |
Rs.68.90 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.