MIRA INFORM REPORT

 

 

Report Date :

12.06.2012

 

IDENTIFICATION DETAILS

 

Name :

HÖVELMANN & LUEG GMBH

 

 

Registered Office :

Emil-Rohrmann-Str. 22, D 58239 Schwerte, Post Box 1324, D 58208 Schwerte

 

 

Country :

Germany

 

 

Year of Establishment :

1951

 

 

Com. Reg. No.:

HRB 6969

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Other first processing of iron and steel

 

 

No. of Employees :

200

 

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

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

Hövelmann & Lueg GmbH

 

 

Company address

 

Emil-Rohrmann-Str. 22

D 58239 Schwerte

Post Box: 1324, D 58208 Schwerte

Telephone:        02304/9440

Telefax:             02304/944144

Homepage:        www.hl-stahlservice.de

E-mail:              info@hl-stahlservice.de

 

 

VAT no.      

 

DE811129726

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         1951

Shareholders'

agreement:                    24.06.1982

Registered on:               10.08.1982

Commercial Register:     Local court 58097 Hagen

under:                                       HRB 6969

Share capital:                 EUR          2,942,000.00

 

 

Shareholder

 

Salzgitter Mannesmann GmbH

Eisenhüttenstr. 99

D 38239 Salzgitter

Legal form: Private limited company

Share capital:     EUR        184,526,000.00

Share:             EUR          2,942,000.00

Registered on: 29.09.2005

Reg. data: 38100 Braunschweig, HRB 200012

Control and profit transfer agreement

Manager

 

Klaus Widmann

D 71063 Sindelfingen

born: 10.09.1958

Profession: degree-level economist (college ed.)

 

Manager:

Dr. Gerhard Erdmann

D 30159 Hannover

born: 11.11.1959

 

 

Proxy

 

Jörg Groning

D 58239 Schwerte

authorized to jointly represent the company

born: 01.01.1956

 

Proxy:

                     Thomas Köppe

                     D 44145 Dortmund

                     authorized to jointly represent the company

                     born: 09.11.1969

Proxy:

                     Fernando Pedicillo

                     D 58091 Hagen

                     authorized to jointly represent the company

                     born: 15.09.1972

Proxy:

                     Jose Cabezos-Hunstiger

                     D 58706 Menden

                     authorized to jointly represent the company

                     born: 06.11.1972

Proxy:

                     Oliver Kielmann

                     Königsberger Str. 43

                     D 30853 Langenhagen

                     authorized to jointly represent the company

                     born: 10.12.1967

Proxy:

                     Sascha Hilgers

                     D 58239 Schwerte

                     authorized to jointly represent the company

                     born: 01.01.1977

 

Further functions/participations of Klaus Widmann (Manager)

 

Limited partner:

                     SMS Immobilie Rheinhafen GmbH & Co.KG

                     Fettweisstr. 42

                     D 76189 Karlsruhe

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Total cap.         EUR          1,500,000.00

                     contribution:

                     Share:             EUR            642,860.00

                     Registered

                     on:         10.10.2006

                     Reg. data:  68159 Mannheim, HRA 700484

Shareholder:

                     SMS Immobilie Rheinhafen Verwaltungs-GmbH

                     Fettweisstr. 42

                     D 76189 Karlsruhe

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Share:             EUR             12,500.00

                     Registered

                     on:         10.10.2006

                     Reg. data:  68159 Mannheim, HRB 701037

Manager:

                     SMS Immobilie Rheinhafen Verwaltungs-GmbH

                     Fettweisstr. 42

                     D 76189 Karlsruhe

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         10.10.2006

                     Reg. data:  68159 Mannheim, HRB 701037

Manager:

                     STAHL-METALL-SERVICE Gesellschaft für

                     Bandverarbeitung mbH

                     Bahnhofstr. 57

                     D 70734 Fellbach

                     Legal form: Private limited company

                     Share capital:     EUR            741,373.23

                     Registered

                     on:         26.05.1988

                     Reg. data:  70190 Stuttgart, HRB 262185

 

President of the Board of Directors:

                     SMS Stahl-Metall-Service Holding AG

                     Hasenbergsteige 14

                     D 70178 Stuttgart

                     Legal form: Public limited company

                     Share capital:     EUR          1,000,000.00

                     Registered

                     on:         05.01.2001

                     Reg. data:  70190 Stuttgart, HRB 21599

 

Further functions/participations of Dr. Gerhard Erdmann (Manager)

 

Manager:

                     STAHL-METALL-SERVICE Gesellschaft für

                     Bandverarbeitung mbH

                     Bahnhofstr. 57

                     D 70734 Fellbach

                     Legal form: Private limited company

                     Share capital:     EUR            741,373.23

                     Registered

                     on:         26.05.1988

                     Reg. data:  70190 Stuttgart, HRB 262185

 

 

COMPANY HISTORY

 

10.08.1982 - 06.07.1995  Heinrich Tollknäpper GmbH

                         Graf-Moltke-Str. 60

                         D 28211 Bremen

                         Private limited company

06.07.1995 - 12.11.2004  Heinrich Tollknäpper GmbH

                         Beim Neustadts Güterbahnhof 60

                         D 28199 Bremen

                         Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

08.03.2007 - 11.10.2011  Manager

                         Ulrich Becker

                         D 58089 Hagen

 

 

BUSINESS ACTIVITIES

 

Sectors

243     Other first processing of iron and steel

46721   Wholesale of iron ores, iron, steel and iron and steel semi-finished goods

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:         proprietor

Share:                           100.00 %

Address                        Emil-Rohrmann-Str. 22

                                    D 58239 Schwerte

Size:                             33,000.00 sq.m

 

Value at selling price:   EUR          4,200,000.00

 

Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, SCHWERTE

Sort. code: 44070050, Account no.: 7028509, BIC: DEUTDEDE440

 

COMMERZBANK, SCHWERTE

Sort. code: 44040037, Account no.: 2426310, BIC: COBADEFF440

 

COMMERZBANK VORMALS DRESDNER BANK, SCHWERTE

Sort. code: 44080050, Account no.: 391777000, BIC: DRESDEFF440

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:            2010               EUR        170,000,000.00

                     2011               EUR        200,000,000.00

further business figures:

Share capital:                          EUR          2,942,000.00

Equipment:                              EUR            924,000.00

Ac/ts receivable:                       EUR            500,000.00

Liabillities:                           EUR          2,900,000.00

Real estate of the firm:                EUR          4,200,000.00

Total numbers of vehicles:                                     12

- Lorries:                                                      1

- Passenger cars:                                              11

Employees:                                                    200

 

Control and profit transfer agreement to:

Salzgitter Mannesmann GmbH

Eisenhüttenstr. 99

D 38239 Salzgitter

 

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.55.24

UK Pound

1

Rs.85.93

Euro

1

Rs.69.82

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.