MIRA INFORM REPORT

 

 

Report Date :

20.11.2012

 

IDENTIFICATION DETAILS

 

Name :

VIBRACOUSTIC GMBH & CO. KG

 

 

Registered Office :

Höhnerweg 2-4, D 69469 Weinheim

 

 

Country :

Germany

 

 

Date of Incorporation :

01.03.2000

 

 

Com. Reg. No.:

HRA 431029

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Manufacture of other parts and accessories for motor vehicles

 

 

No. of Employees :

Not Available

 

 

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

 

Company name

 

Vibracoustic GmbH & Co. KG

 

Höhnerweg 2-4

D 69469 Weinheim

Telephone:        06201/808808

Telefax:             06201/888808

Homepage:        www.vibracoustic.de

E-mail:               info@vibracoustic.de

 

 

VAT no           

 

DE206716529

 

 

Tax ID number     

 

47013/01451

 

 

CONCLUSION

 

Business relations are permissible. The company is considered solvent for credits within its scope of business.

 

 

Company details

 

LEGAL FORM               Ltd partnership with priv. ltd. company as general partner

Date of foundation:         01.03.2000

Registered on:               05.04.2000

Register of companies:  Local court 68159 Mannheim

under:                                       HRA 431029

 

Total cap. contribution:                EUR          2,000,000.00

 

 

Limited partner

 

Freudenberg & Co. Kommanditgesellschaft

Höhnerweg 2-4

D 69469 Weinheim

Legal form: Limited partnership

Total cap.         EUR        245,420,130.00

contribution:

Share:             EUR          2,000,000.00

Registered on: 13.11.1990

Reg. data: 68159 Mannheim, HRA 431000

 

 

General partner

 

Vibracoustic Germany Holding GmbH

Höhnerweg 2-4

D 69469 Weinheim

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on: 05.09.2011

Reg. data: 68159 Mannheim, HRB 712697

 

 

Shareholder

 

TrelleborgVibracoustic GmbH

Höhnerweg 2-4

D 69469 Weinheim

Legal form: Private limited company

Share capital:     EUR            500,000.00

Share:             EUR             25,000.00

Registered on: 29.03.2000

Reg. data: 68159 Mannheim, HRB 432606

 

 

Manager

 

Norbert Georg Schebesta

D 64668 Rimbach

authorized to jointly represent the company

born: 05.09.1949

Profession: Businessman

Marital status: unknown

 

Manager:

Hans Jürgen Goslar

D 61250 Usingen

authorized to jointly represent the company

born: 28.11.1950

 

 

Proxy

 

Andreas Schmidt

D 69115 Heidelberg

authorized to jointly represent the company

born: 16.08.1964

 

Proxy:

Thomas Schütz

D 65428 Rüsselsheim

authorized to jointly represent the company

born: 10.08.1961

 

Proxy:

Hans Jürgen Goslar

D 61250 Usingen

authorized to jointly represent the company

born: 28.11.1950

 

Proxy:

Andreas Schmidt

D 69115 Heidelberg

authorized to jointly represent the company

born: 16.08.1964

 

Proxy:

Thomas Schütz

D 65428 Rüsselsheim

authorized to jointly represent the company

born: 10.08.1961

 

Proxy:

Jürgen Noll

D 64625 Bensheim

authorized to jointly represent the company

born: 23.01.1968

 

Proxy:

Andreas Henne

D 21635 Jork

authorized to jointly represent the company

born: 01.11.1963

 

Proxy:

Dr. Matthias Sckuhr

D 69488 Birkenau

authorized to jointly represent the company

born: 05.07.1968

 

Proxy:

Wolfgang Koos

D 52159 Roetgen

authorized to jointly represent the company

born: 22.10.1966

 

Proxy:

Dr. Holger Daners

D 69469 Weinheim

authorized to jointly represent the company

born: 24.02.1968

 

Proxy:

Oliver Kothe

D 66333 Völklingen

authorized to jointly represent the company

born: 02.08.1964

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

09.01.2006 - 15.03.2012  General partner

TrelleborgVibracoustic GmbH

D 69469 Weinheim

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

29320   Manufacture of other parts and accessories for motor vehicles

4669    Wholesale of other machinery, equipment and supplies

71122   Engineering activities in the field of technical sectoral

planning andengineering design

8230    Organisation of conventions and trade shows

 

 

BRANCHES AND FACTORIES

 

Branch:

Vibracoustic GmbH & Co. KG

Hörstener Str. 45/47

D 21079 Hamburg

TEL.: 040/41340

FAX.: 040/41341600

 

Branch:

Vibracoustic GmbH & Co. KG

TecCenter 1

D 31162 Bad Salzdetfurth

TEL.: 05063-2750

 

Branch:

Vibracoustic GmbH & Co. KG

Freudenbergstr. 1

D 79395 Neuenburg

TEL.: 07631/71-0

FAX.: 07631/71-512

 

 

FINANCIAL INFORMATION

 

Payment experience:  in top condition

 

Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Höhnerweg 2-4

D 69469 Weinheim

 

Real Estate of:      Vibracoustic Germany Holding GmbH

Type of ownership:   Tenant

Address              Höhnerweg 2-4

D 69469 Weinheim

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

COMMERZBANK VORMALS DRESDNER BANK, WEINHEIM, BERGSTR

Sort. code: 67080050, Account no.: 0752180700, BIC: DRESDEFF670

 

Further banks

SPARKASSE RHEIN NECKAR NORD, WEINHEIM, BERGSTR

Sort. code: 67050505, BIC: MANSDE66XXX

COMMERZBANK, WEINHEIM, BERGSTR

Sort. code: 67040031, BIC: COBADEFF670

DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN, WEINHEIM, BERGSTR

Sort. code: 67070024, BIC: DEUTDEDBMAN

DEUTSCHE BANK, HAMBURG

Sort. code: 20070000, Account no.: 6685911, BIC: DEUTDEHHXXX

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

The number of employees is not known.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.96

UK Pound

1

Rs.87.49

Euro

1

Rs.70.15

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.