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Report Date : |
07.09.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
SE DRIVE TECHNIK GMBH |
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|
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Registered Office : |
Wasserstr. 223, D 44799 Bochum |
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Country : |
Germany |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
16.07.2005 |
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Com. Reg. No.: |
HRB 11018 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Activities
of holding companies Activities of head
offices |
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No. of Employees : |
20 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 |
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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 |
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 |
SE Drive Technik GmbH
Wasserstr. 223
D 44799 Bochum
Telephone: 0234/978349-0
Telefax: 0234/978349-10
Homepage: www.sedrivetechnik.de
E-mail: info@sedrivetechnik.de
Business relations are
permissible.
LEGAL FORM Private limited company
Date of foundation: 16.07.2005
Shareholders'
agreement: 16.07.2005
Registered on: 24.11.2006
Commercial Register: Local
court 44787 Bochum
under: HRB 11018
Share capital: EUR 25,000.00
Suzlon Energy Limited
One Earth Opp. Magarpatta City
IND 411028 Hadapsar Pune
Legal form: Other legal form
Share: EUR 25,000.00
Tulsi Ranchhod Tanti
Orion Satelite Towers Flat No.
501 Sector 81 Koregaon Park
IND PUNE 411001 Maharashtra
having sole power of representation
born: 02.02.1958
Profession: Businessman
Manager:
Ranjit A. Parmar
IND Puna
having sole power of representation
born: 26.08.1955
Nationality: Indian
Further
functions/participations of Tulsi Ranchhod Tanti (Manager)
President of the
Supervisory Board:
REpower Systems SE
Überseering 10 ( Oval Office )
D
22297 Hamburg
Legal
form: European Company (SE)
Share
capital: EUR 9,220,179.00
Registered
on: 15.06.2011
Reg.
data: 20355 Hamburg, HRB 118644
Further
functions/participations of Ranjit A. Parmar (Manager)
Manager:
Suzlon
Windenergie GmbH
Wasserstr. 223
D 44799 Bochum
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 23.05.2007
Reg.
data: 44787 Bochum, HRB 11235
13.12.2005 -
24.11.2006 SE Drive Technik GmbH
Wittekindstr. 1a
D 45131 Essen
Private limited
company
Sectors
6420 Activities of
holding companies
7010 Activities of head
offices
Shareholder:
Suzlon
Windkraft GmbH
Oranienplatz 4
D
10999 Berlin
Legal
form: Private limited company
Company Status: dissolved
since: 17.04.2009
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 21.11.2005
Local court 14057 Berlin
HRB 99278 B
Shareholder:
Suzlon
Windenergie GmbH
Wasserstr. 223
D 44799 Bochum
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 18,750.00
Reg.
data: 23.05.2007
Local court 44787 Bochum
HRB 11235
Shareholder:
RETC
Renewable Energy Technology Centre GmbH
Überseering 10
D
22297 Hamburg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 12,500.00
Reg.
data: 23.08.2007
Local court 20355 Hamburg
HRB 102156
Payment
experience: within agreed terms
Negative
information: We have no negative
information at hand.
Balance
sheet year: 2010/2011
Type of ownership: Tenant
Address Wasserstr. 223
D 44799 Bochum
Land register documents were not available.
SPARKASSE BOCHUM, BOCHUM
Sort. code: 43050001, BIC: WELADED1BOC
Profit: 2009/2010 EUR -85,680,556.00
2010/2011 EUR -35,136,009.00
further
business figures:
Ac/ts receivable: EUR 3,249,743.00
Liabilities: EUR 908,780,937.00
Employees:
20
-
thereof permanent staff: 20
The aforementioned business figures may partly be estimated
information based on average values in the line of business.
Balance sheet ratios 01.04.2010 - 31.03.2011
Equity ratio [%]: 77.34
Liquidity ratio: 0.01
Return on total capital [%]: -2.60
Balance sheet ratios 01.04.2009 - 31.03.2010
Equity ratio [%]: 73.57
Liquidity ratio: 0.01
Return on total capital [%]: -6.38
Equity ratio
The equity
ratio indicates the portion of the equity as compared to the total capital. The
higher the equity ratio, the better the economic stability (solvency) and thus
the financial autonomy of a company.
Liquidity ratio
The
liquidity ratio shows the proportion between adjusted receivables and net
liabilities. The higher the ratio, the lower the company's financial dependancy
from external creditors.
Return on total capital
The return
on total capital shows the efficiency and return on the total capital employed
in the company. The higher the return on total capital, the more economically
does the company work with the invested capital.
Type
of balance
sheet: Company balance sheet
Financial year: 01.04.2010 - 31.03.2011
ASSETS EUR 1,353,183,470.42
Fixed assets
EUR 1,335,749,303.23
Intangible assets
EUR 1.00
Other / unspecified intangible assetsEUR 1.00
Tangible assets
EUR 27,442.09
Other / unspecified tangible assets
EUR 27,442.09
Financial assets
EUR 1,335,721,860.14
Other / unspecified financial assets EUR 1,335,721,860.14
Current assets
EUR 3,503,660.32
Accounts receivable
EUR 3,249,743.33
Other debtors and assets
EUR 3,249,743.33
Liquid means EUR 253,916.99
Remaining other assets
EUR 13,930,506.87
Accruals (assets)
EUR 13,930,506.87
LIABILITIES EUR 1,353,183,470.42
Shareholders'
equity EUR 442,530,299.63
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 586,381,000.00
Capital reserves
EUR 586,381,000.00
Balance sheet profit/loss (+/-)
EUR -143,875,700.37
Profit / loss brought forward
EUR -108,739,691.18
Annual surplus / annual deficit
EUR -35,136,009.19
Provisions
EUR 1,872,233.41
Liabilities
EUR 908,780,937.38
Other liabilities
EUR 908,780,937.38
Unspecified other liabilities
EUR 908,780,937.38
Type
of balance
sheet: Company balance sheet
Financial year: 01.04.2009 - 31.03.2010
ASSETS EUR 1,342,122,942.41
Fixed assets
EUR 1,321,832,160.35
Intangible assets
EUR 550.00
Other / unspecified intangible assetsEUR 550.00
Tangible assets
EUR 35,238.00
Other / unspecified tangible assets
EUR 35,238.00
Financial assets
EUR 1,321,796,372.35
Other / unspecified financial assets EUR 1,321,796,372.35
Current assets
EUR 2,159,348.69
Accounts
receivable EUR 2,125,421.94
Other debtors and assets
EUR 2,125,421.94
Liquid means
EUR 33,926.75
Remaining other assets
EUR 18,131,433.37
Accruals (assets)
EUR 18,131,433.37
LIABILITIES EUR 1,342,122,942.41
Shareholders' equity
EUR 477,666,308.82
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 586,381,000.00
Capital reserves
EUR 586,381,000.00
Balance sheet profit/loss (+/-)
EUR -108,739,691.18
Profit / loss brought forward
EUR -23,059,134.95
Annual surplus / annual deficit
EUR -85,680,556.23
Provisions
EUR 20,299.23
Liabilities EUR 864,436,334.36
Other liabilities
EUR 864,436,334.36
Unspecified other liabilities
EUR 864,436,334.36
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.97 |
|
UK Pound |
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.70.61 |
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.