|
Report Date : |
01.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
CEMECON AG |
|
|
|
|
Registered Office : |
Adenauerstr.
20 A4 D 52146 Würselen |
|
|
|
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Country : |
|
|
|
|
|
Year of Establishment : |
1988 |
|
|
|
|
Com. Reg. No.: |
HRB 8716 |
|
|
|
|
Legal Form : |
Public
Limited Company |
|
|
|
|
Line of Business : |
Treatment
and coating of metals |
|
|
|
|
No. of Employees : |
150 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 (31.03.2011) |
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
CemeCon AG
Company Status: active
Adenauerstr. 20 A4
D 52146 Würselen
Telephone:02405/4470-100
Telefax: 02405/4470-399
Homepage: www.cemecon.de
E-mail: info@cemecon.de
DE121679182
202/5822/0509
We cannot give an opinion
as to the granting of a credit in this
particular case. Business
relations require suitable securities.
LEGAL FORM Public limited company
Date of foundation: 1988
Registered on: 19.12.2001
Commercial Register: Local court 52070 Aachen
under: HRB
8716
EUR 3,500,000.00
Dr.-Ing. Antonius Leyendecker
Römerstr. 69
D 52134 Herzogenrath
having sole power of representation
born: 03.03.1957
Profession: Engineer
Marital status: married
Member of the
Board of Directors:
Dr. Oliver Lemmer
D 52066 Aachen
having sole power of representation
born: 20.08.1960
Profession: Engineer
President of the
Supervisory Board:
Prof.Dr.Techn. Erich Lugscheider
Steppenbergallee 201
D 52074 Aachen
born: 03.01.1940
Marital status: married
Member of the
Supervisory Board:
Günter Pache
Peter-Janssen-Str. 40
D 40237 Düsseldorf
born: 22.10.1942
Profession: Businessman
Marital status: married
Member of the
Supervisory Board:
Dr.-Ing. Eduard Lenz
D 10115 Berlin
(Member of the
Board of Directors)
Shareholder:
Dr.-Ing. Leyendecker Beteiligungs-GmbH
Römerstr. 69
D 52134 Herzogenrath
Legal form: Private limited company
Share capital: EUR 45,000.00
Share: EUR 45,000.00
Registeredon: 21.12.2005
Reg. data: 52070 Aachen,
HRB 13374
Shareholder:
Dr.-Ing. Leyendecker Holding II GmbH
Römerstr. 69
D 52134 Herzogenrath
Legal form: Private limited company
Share capital: EUR 25,200.00
Share: EUR 25,200.00
Registeredon:
03.08.2006
Reg. data: 52070 Aachen,
HRB 13770
Manager:
Dr.-Ing. Leyendecker Beteiligungs-GmbH
Römerstr. 69
D 52134 Herzogenrath
Legal form: Private limited company
Share capital: EUR 45,000.00
Registeredon:
21.12.2005
Reg. data: 52070 Aachen,
HRB 13374
Manager:
Dr.-Ing. Leyendecker Holding II GmbH
Römerstr. 69
D 52134 Herzogenrath
Legal form: Private limited company
Share capital: EUR 25,200.00
Registeredon:
03.08.2006
Reg. data: 52070 Aachen,
HRB 13770
COMPANY HISTORY
17.09.1998 -
20.09.1999 CemeCon-Ceramic Metal
Coatings Dr. Ing.
Antonius Leyendecker GmbH
Talbotstr. 21
D
52068 Aachen
Private limited company
25.02.2000 -
19.12.2001 CemeCon-Ceramic Metal
Coatings Dr. Ing.
Antonius Leyendecker GmbH
Adenauerstr. 20b
D
52146 Würselen
Private limited company
19.12.2001 -
26.06.2003 CemeCon AG
Adenauerstr. 20
D
52146 Würselen
Public limited company
26.06.2003 -
03.03.2006 CemeCon AG
Adenauerstr. 20 B1
D
52146 Würselen
Public limited company
BUSINESS ACTIVITIES
Sectors
2561 Treatment and coating of metals
2899 Manufacture of other
special-purpose machinery n.e.c.
72190 Other research and
experimental development on natural sciences and engineering
96090 Other service
activities n. e. c.
FINANCIAL INFORMATION
Payment experience: could not be obtained
Negative information:Negative
information is known to us.
Insolvency Proceedings
Local court : 52070 Aachen
Insolvency administrator : Thomas Georg
Jülicher Str.
116
D 52070
Aachen
Preliminary insolvency
adminstrator : No
File
No : 92 IN 194/09
Application of : 19.06.2009
Restraint on alienation
-
passed on : 19.06.2009
Order of institution of :
01.09.2009
Claims to be filed by :
20.10.2009
Creditors' meeting
-
Date for pres. of
report on : 09.11.2009
-
Date of hearing on : 09.05.2011
Insolvency proceedings
revoked on : 31.05.2011
Insolvency plan
-
Debate / Voting on : 09.05.2011
-
Surveillance
proceedings ordered on: 22.02.2011
REAL ESTATE
Type of ownership: unknown
Address Adenauerstr. 20 A4
D 52146
Würselen
Real Estate of: Dr.-Ing. Antonius Leyendecker
Type of ownership: unknown
Address Römerstr. 69
D
52134 Herzogenrath
Land register documents
were not available.
BANKERS
SPARKASSE AACHEN, AACHEN
Sort. code: 39050000,
Account no.: 21105, BIC: AACSDE33XXX
DEUTSCHE BANK, AACHEN
Sort. code: 39070020,
Account no.: 1015510, BIC: DEUTDEDK390
COMMERZBANK VORMALS
DRESDNER BANK, AACHEN
Sort. code: 39080005,
Account no.: 0221444100, BIC: DRESDEFF390
POSTBANK, KÖLN
Sort. code: 37010050,
Account no.: 0104022502, BIC: PBNKDEFF370
FINANCIAL FIGURES
Financial year: 01.01. - 31.12.
Turnover: 2011 EUR 38,000,000.00
Equipment: EUR 2,784,000.00
Ac/ts receivable: EUR 4,623,000.00
Liabillities: EUR 20,183,000.00
Employees:
150
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.52.69 |
|
|
1 |
Rs.85.71 |
|
Euro |
1 |
Rs.68.15 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.