MIRA INFORM REPORT

 

 

Report Date :           

19.03.2012

 

IDENTIFICATION DETAILS

 

Name :

HARTING ELECTRIC GMBH & CO. KG

 

 

Registered Office :

Wilhelm-Harting-Str. 1, D 32339 Espelkamp

 

 

Country :

Germany

 

 

Date of Incorporation :

28.08.2001

 

 

Com. Reg. No.:

HRA 5602

 

 

Legal Form :

Ltd partnership with priv. ltd. company as  general partner

 

 

Line of Business :

Manufacture of instruments and appliances for measuring, testing and navigation

 

 

No. of Employees :

2,939

 

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 :

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

HARTING Electric GmbH & Co. KG

 

 

Company address

 

Wilhelm-Harting-Str. 1

D 32339 Espelkamp

Telephone:        05772/47-0

Telefax:             05772/474-64

Homepage:        www.harting.com

E-mail:              de.sales@harting.com

 

 

CONCLUSION

 

The company is considered solvent for credits within its scope of business.

 

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

                                    general partner

Date of foundation:         28.08.2001

Begin of business

activities:                       01.10.2001

Registered on:               28.08.2001

Register of

companies:                   Local court 32545 Bad Oeynhausen

under:                                       HRA 5602

Total cap. contribution:  EUR          6,000,000.00

 

 

Limited partner

 

HARTING KGaA

Marienwerder Str. 3

D 32339 Espelkamp

Legal form: Partnership limited by shares

Total cap.         EUR          1,030,515.00

contribution:

Share:             EUR          6,000,000.00

Registered on: 23.12.1996

Reg. data: 32545 Bad Oeynhausen, HRB 8809

General partner

 

HARTING Electric Management GmbH

Wilhelm-Harting-Str. 1

D 32339 Espelkamp

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on: 23.08.2001

Reg. data: 32545 Bad Oeynhausen, HRB 8807

 

 

Shareholder

 

HARTING KGaA

Marienwerder Str. 3

D 32339 Espelkamp

Legal form: Partnership limited by shares

Total cap.         EUR          1,030,515.00

contribution:

Share:             EUR             25,000.00

Registered on: 23.12.1996

Reg. data: 32545 Bad Oeynhausen, HRB 8809

 

 

Manager

 

Dietmar Harting

Schweriner Str. 31

D 32339 Espelkamp

having sole power of representation

born: 15.09.1939 in Berlin

Profession: Fully qualified merchant

Marital status: married

 

Manager:

Sven Holtgrewe

D 32312 Lübbecke

born: 07.07.1964

Profession: Student

Marital status: single

 

Manager:

Hartmut Schwettmann

D 32369 Rahden

born: 23.06.1958

Manager:

Torsten Ratzmann

D 49074 Osnabrück

born: 01.06.1966

Profession: Businessman

 

Manager:

Edgar Düning

D 32369 Rahden

born: 09.09.1967

Profession: Fully qualified merchant

 

 

Proxy

 

Klaus Grünkemeier

Borgholzhausener Str. 188

D 49326 Melle

authorized to jointly represent the company

born: 25.06.1967

 

Proxy:

Lars Raulwing

D 32278 Kirchlengern

authorized to jointly represent the company

born: 10.10.1972

 

 

BUSINESS ACTIVITIES

 

Sectors

26511   Manufacture of instruments and appliances for measuring, testing and navigation

26512   Manufacture of instruments and appliances for measuring, testing and navigation

46693   Wholesale of other equipment and accessories for machinery and technical supplies

 

 

FINANCIAL INFORMATION

 

Payment experience:     Aash discount/within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            > 250,000 EUR

 

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Wilhelm-Harting-Str. 1

                                    D 32339 Espelkamp

           

Real Estate of:               HARTING Electric Management GmbH

Type of ownership:         Tenant

Address                        Wilhelm-Harting-Str. 1

                                    D 32339 Espelkamp

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK VORMALS DRESDNER BANK, MINDEN, WESTF

Sort. code: 49080025, BIC: DRESDEFF491

 

DEUTSCHE BANK, MINDEN, WESTF

Sort. code: 49070028, BIC: DEUTDE3B490

 

SPARKASSE MINDEN-LÜBBECKE, MINDEN, WESTF

Sort. code: 49050101, BIC: WELADED1MIN

 

COMMERZBANK, MINDEN, WESTF

Sort. code: 49040043, BIC: COBADEFF490

 

 

FINANCIAL FIGURES

 

Financial year:      01.10. - 30.09.

Employees:                                                  2,939

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.31

UK Pound

1

Rs.79.04

Euro

1

Rs.65.82

 

 

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.