|
Report Date : |
09.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
VIEGA GMBH & CO. KG |
|
|
|
|
Registered Office : |
Viega Platz 1, D 57439 Attendorn |
|
|
|
|
Country : |
|
|
|
|
|
Year of Establishment : |
1899 |
|
|
|
|
Com. Reg. No.: |
HRA 7404 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
Casting of non-ferrous metals |
|
|
|
|
No. of Employees : |
3,103 employees |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
germany - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.
|
Source : CIA |
VIEGA GmbH & Co. KG
Viega Platz 1
D 57439 Attendorn
Telephone: 02722/610
Telefax:
02722/61415
Homepage:
www.viega.de
E-mail:
info@viega.de
DE126180387
338/5860/0820
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date of foundation: 1899
Registered on: 09.05.1913
Register of
companies: Local court 57072 Siegen
under: HRA 7404
Total cap. contribution:
EUR 24,000,000.00
Heinz-Bernd Viegener
St.-Ursula-Str. 24
D 57439 Attendorn
born: 27.07.1950
Share: EUR 12,000,000.00
Limited partner:
Walter
Viegener
Oberer Kehlberg 6
D 57439
Attendorn
born:
22.07.1956
Share: EUR 12,000,000.00
Franz Viegener II Beteiligungs GmbH
Viega Platz 1
D 57439 Attendorn
Legal form: Private limited company
Share capital: EUR 100,000.00
Registered on: 08.04.1997
Reg. data: 57072 Siegen, HRB 7200
M.J. Röttgen GmbH
Weberstr. 34
D 53639 Königswinter
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 100,000.00
Registered on: 08.04.2004
Reg. data: 53721 Siegburg, HRB 8362
Heinz-Bernd Viegener
St.-Ursula-Str. 24
D 57439 Attendorn
having sole power of representation
born: 27.07.1950
Profession: Management expert
Manager:
Walter
Viegener
Oberer
Kehlberg 6
D 57439
Attendorn
having sole
power of representation
born:
22.07.1956
Profession:
Businessman
Dirk Walter Gellisch
D 42929 Wermelskirchen
authorized to jointly represent the company
Proxy:
Axel Wachholz
D 44135
Dortmund
authorized to jointly represent the company
born:
28.03.1970
Proxy:
Dr. Norbert
Staudacher
D 57439
Attendorn
authorized to
jointly represent the company
Proxy:
Andreas Brockow
D 57271
Hilchenbach
authorized to
jointly represent the company
born:
16.05.1963
Proxy:
Dr. Michael
Rehse
D 57462 Olpe
authorized to jointly
represent the company
born:
22.12.1966
Proxy:
Andreas
Fiefhaus
D 57439
Attendorn
authorized to
jointly represent the company
born: 17.05.1969
09.05.1913 - 14.04.1997 Franz
Viegener II
Ennester
Weg 9
D 57439
Attendorn
Limited
partnership
15.04.1997 - 30.03.2004 Franz
Viegener II GmbH & Co. KG
Ennester
Weg 9
D 57439
Attendorn
Ltd
partnership with priv. ltd. company
as
general partner
31.03.2004 - 10.2009 VIEGA
GmbH & Co. KG
Ennester
Weg 9
D 57439
Attendorn
Ltd
partnership with priv. ltd. company
as
general partner
Secondary
industrial sector
24540 Casting of non-ferrous
metals
28140 Manufacture of taps and
valves n.e.c.
Works:
VIEGA GmbH
& Co. KG
Bielefelder
Str. 94
D 57368
Lennestadt
Works:
VIEGA GmbH
& Co. KG
Dieselstr.
D 57439
Attendorn
Works:
VIEGA GmbH
& Co. KG
Am Mühlberg 4
D 99518
Großheringen
TEL.:
036461/960
FAX.: 036461/960
Works:
VIEGA GmbH
& Co. KG -Warenversandzentrale
Zum langen
Acker 7
D 57439
Attendorn
Limited partner:
VIEGA PACE
GmbH & Co. KG
Viega Platz 1
D 57439
Attendorn
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Company
Status: active
Total cap. EUR 10,000.00
contribution:
Share: EUR 10,000.00
Reg.
data: 25.11.2011
Local court 57072 Siegen
HRA 8657
Limited partner:
VIEGA GAMMA
GmbH & Co. KG
Viega Platz 1
D 57439
Attendorn
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Company
Status: active
Total
cap. EUR 10,000.00
contribution:
Share: EUR 10,000.00
Reg.
data: 20.12.2011
Local court 57072 Siegen
HRA 8670
Limited partner:
Viega Asset
GmbH & Co. KG
Viega Platz 1
D 57439
Attendorn
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Company
Status: active
Total
cap. EUR 10,000.00
contribution:
Share: EUR 10,000.00
Reg.
data: 20.12.2011
Local court 57072 Siegen
HRA
8669
Limited partner:
VIEGA Plus
GmbH & Co. KG
Viega Platz 1
D 57439
Attendorn
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Company
Status: active
Total
cap. EUR 10,000.00
contribution:
Share: EUR 10,000.00
Reg. data: 09.12.2011
Local court 57072 Siegen
HRA 8662
Shareholder:
Viega
International GmbH
Viega Platz 1
D 57439
Attendorn
Legal form: Private limited company
Company
Status: active
Share
capital: EUR 19,642,036.00
Share: EUR 19,642,036.00
Reg. data: 10.06.1999
Local court 57072 Siegen
HRB 7309
Shareholder:
Viega Global
GmbH
Viega Platz 1
D 57439
Attendorn
Legal form: Private limited company
Company
Status: active
Share
capital: EUR 26,000.00
Share: EUR 26,000.00
Reg.
data: 18.04.2011
Local court 57072 Siegen
HRB 9467
Shareholder:
Viega NERO
Beteiligungs GmbH
Viega Platz 1
D 57439
Attendorn
Legal form: Private limited company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 06.12.2011
Local court 57072 Siegen
HRB 9667
Shareholder:
gabotherm I
GmbH
Bernrieder
Str. 12
D 94559
Niederwinkling
Legal form: Private limited company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 29.01.2010
Local court 94315 Straubing
HRB 11527
Shareholder:
VIEGA
Dienstleistungs GmbH
Viega Platz 1
D 57439
Attendorn
Legal form: Private limited
company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 17.07.2000
Local court 57072 Siegen
HRB 7364
Shareholder:
Viega East
GmbH
Viega Platz 1
D 57439
Attendorn
Legal form: Private limited company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 18.06.2012
Local court 57072 Siegen
HRB 9815
Shareholder:
gabotherm
GmbH
Bernrieder
Str. 10
D 94559
Niederwinkling
Legal form: Private limited company
Company
Status: dissolved
since: 14.05.2010
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 20.01.2010
Local court 94315 Straubing
HRB 11521
Shareholder:
Viega Plus
Beteiligungs GmbH
Viega Platz 1
D 57439 Attendorn
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 30.11.2011
Local court 57072 Siegen
HRB 9662
Shareholder:
Viega GAMMA
Beteiligungs GmbH
Viega Platz 1
D 57439
Attendorn
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 02.01.2012
Local court 57072 Siegen
HRB 9703
Shareholder:
VIA Consult
Verwaltungs-GmbH
Felmicke 53
D 57462 Olpe
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 50,000.00
Share: EUR 1,250.00
Reg.
data: 03.01.2001
Local court 57072 Siegen
HRB 7397
Payment experience: takes
advantage of cash discount
Negative information: We have
no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Viega Platz 1
D 57439 Attendorn
Value at selling price:
EUR 30,678,000.00
Land register documents were not available.
Principal bank
DEUTSCHE BANK, ATTENDORN
Sort. code: 46070090, BIC: DEUTDEDK460
Further bank
DEUTSCHE BANK, SIEGEN
Sort. code: 46070090, Account no.: 5320189, BIC: DEUTDEDK460
Financial year: 01.01. - 31.12.
Employees:
3,103
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
UK Pound |
1 |
Rs.87.00 |
|
Euro |
1 |
Rs.69.43 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.