MIRA INFORM REPORT

 

 

Report Date :

15.06.2012

 

IDENTIFICATION DETAILS

 

Name :

THIES GMBH & CO. KG

 

 

Registered Office :

Borkener Str. 155 D 48653 Coesfeld

 

 

Country :

Germany

 

 

Year of Establishment :

1892

 

 

Com. Reg. No.:

HRA 1069

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Manufacture of metal forming machinery

 

 

No. of Employees :

400

 

 

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 and address

 

Thies GmbH & Co. KG

 

Company Status:      active

Borkener Str. 155

D 48653 Coesfeld

Telephone:02541/7330

Telefax:  02541/733299

Homepage: www.thiestextilmaschinen.de

E-mail:   info@thiestextilmaschinen.de

 

 

VAT no.            

 

DE124464179

 

 

Registration data

 

LEGAL FORM                Ltd partnership with priv. ltd. company as

                                    general partner

Date of foundation:         1892

Begin of business

activities:                       1892

Registered on:               01.10.1922

Register of

companies:                   Local court 48653 Coesfeld

under:                                       HRA 1069

 

 

Total cap. contribution              

 

EUR          2,556,459.40

 

 

Limited partner

 

Erich Thies

Auf dem Brink 56

D 48712 Gescher

born: 08.08.1953

Share:             EUR          1,278,229.70

 

Limited partner:

Klaus Thies

Bergstr. 12

D 48653 Coesfeld

born: 02.03.1958 in Coesfeld

Share:             EUR          1,278,229.70

 

General partner:

Thies Verwaltungs-GmbH

Borkener Str. 155

D 48653 Coesfeld

Legal form: Private limited company

Share capital:     EUR         12,800,000.00

Registered on: 07.08.1957

Reg. data: 48653 Coesfeld, HRB 1010

 

Shareholder:

Thies GmbH & Co. KG

Borkener Str. 155

D 48653 Coesfeld

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR          2,556,459.40

contribution:

Share:             EUR         12,800,000.00

Registered on: 01.10.1922

Reg. data: 48653 Coesfeld, HRA 1069

 

Manager:

Erich Thies

Auf dem Brink 56

D 48712 Gescher

having sole power of representation

born: 08.08.1953

Profession: Businessman

 

Manager:

Klaus Thies

Bergstr. 12

D 48653 Coesfeld

having sole power of representation

born: 02.03.1958 in Coesfeld

Profession: Management expert

Marital status: married

 

Manager:

Jürgen Brockmann

Forellenweg 24

D 48653 Coesfeld

authorized to jointly represent the company

born: 11.03.1953

Profession: Businessman

Marital status: married

 

Manager:

Verena Thies

D 48653 Coesfeld

authorized to jointly represent the company

born: 16.06.1985

 

Manager:

Alexander Thies

D 48653 Coesfeld

authorized to jointly represent the company

born: 13.11.1986

 

Proxy:

Bernhard Pöpping

D 48653 Coesfeld

authorized to jointly represent the company

born: 16.06.1952

Profession: Businessman

 

Proxy:

Peter van der Most

D 46325 Borken

authorized to jointly represent the company

born: 01.03.1968

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

28410   Manufacture of metal forming machinery

 

 

PARTICIPATIONS

 

Shareholder:

Thies Verwaltungs-GmbH

Borkener Str. 155

D 48653 Coesfeld

Legal form: Private limited company

Company Status: active

Share capital:     EUR         12,800,000.00

Share:             EUR         12,800,000.00

Reg. data:  07.08.1957

Local court 48653 Coesfeld

HRB 1010

 

 

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              Borkener Str. 155

                     D 48653 Coesfeld

Type of real estate: factory building

Size:                 78,500.00 sq.m

Value at selling price:                 EUR          6,400,000.00

 

Type of ownership:   proprietor

Share:                100.00 %

Address              Lindenallee 5

                     D 48653 Coesfeld

Type of real estate: Commercial building

 

Real Estate of:      Thies Verwaltungs-GmbH

Type of ownership:   Tenant

Address              Borkener Str. 155

                     D 48653 Coesfeld

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

DEUTSCHE BANK, MÜNSTER, WESTF

Sort. code: 40070080, BIC: DEUTDE3B400

 

Further banks

COMMERZBANK, COESFELD

Sort. code: 40040028, BIC: COBADEFF400

COMMERZBANK VORMALS DRESDNER BANK, MÜNSTER, WESTF

Sort. code: 40080040, BIC: DRESDEFF400

UNICREDIT BANK - HYPOVEREINSBANK, BIELEFELD

Sort. code: 48020086, BIC: HYVEDEMM344

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:            2010               EUR         55,600,000.00

                     2011               EUR         46,000,000.00

further business figures:

Equipment:                              EUR          3,200,000.00

Ac/ts receivable:                       EUR            400,000.00

Liabillities:                           EUR          1,200,000.00

Real estate of the firm:                EUR          6,400,000.00

Total numbers of vehicles:                                     12

- Passenger cars:                                              12

Employees:                                                    400

 

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.55.79

UK Pound

1

Rs.86.37

Euro

1

Rs.70.07

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.