MIRA INFORM REPORT

 

 

Report Date :

14.09.2012

 

IDENTIFICATION DETAILS

 

Name :

REFRATECHNIK STEEL GMBH

 

 

 

 

Registered Office :

Schiessstr. 58 D 40549 Düsseldorf

 

 

 

 

Country :

Germany

 

 

 

 

Date of Incorporation :

30.01.1997

 

 

 

 

Com. Reg. No.:

HRB 36903

 

 

 

 

Legal Form :

Private Limited Company

 

 

 

 

Line of Business :

Manufacture of refractory products

 

 

 

 

No. of Employees :

150

 

 

 

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 – 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

Company name adna ddress

 

 Refratechnik Steel GmbH

 

Company Status:      active

Schiessstr. 58

D 40549 Düsseldorf

Telephone:0211/5858-0

Telefax:  0211/5858-49

Homepage: www.refra.com

E-mail:   steel@refra.com

 

 

VAT no.            

 

DE185446601

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registartion data

 

 LEGAL FORM              Private limited company

 Date of foundation:        30.01.1997

 Shareholders'

 agreement:                   30.01.1997

 Registered on:              19.01.1999

 Commercial Register:    Local court 40213 Düsseldorf

 under:                          HRB 36903

 

Share capital                        

 

EUR          5,000,000.00

 

 

Shareholder

 

                      Refratechnik Holding GmbH

                      Adalperostr. 82

                      D 85737 Ismaning

                      Legal form: Private limited company

                      Share capital:     EUR        105,000,000.00

                      Share:             EUR          5,000,000.00

                      Registered on: 21.08.2001

                      Reg. data: 80797 München, HRB 138677

                      Control and profit transfer agreement

 Manager:

                      Dr. Helge Wilhelm Jansen

                      D 37133 Friedland

                      having sole power of representation

                      born: 26.07.1962

 Manager:

                      Dr. Rainer Gaebel

                      Schwabener Weg 3a

                      D 85630 Grasbrunn

                      having sole power of representation

                      born: 20.04.1965

 Proxy:

                      Ralf Bechinger

                      D 45127 Essen

                      authorized to jointly represent the company

                      born: 24.11.1968

 Proxy:

                      Thomas Leppkes

                      D 47053 Duisburg

                      authorized to jointly represent the company

                      born: 25.07.1963

 

 

 FURTHER FUNCTIONS/PARTICIPATIONS OF DR. HELGE WILHELM JANSEN

 (MANAGER)

 Manager:

                      Refratechnik Casting GmbH

                      Schiessstr. 58

                      D 40549 Düsseldorf

                      Legal form: Private limited company

                      Share capital:     EUR          1,000,000.00

                      Registered

                      on:         11.09.2009

                      Reg. data:  40213 Düsseldorf, HRB 61778

 

 FURTHER FUNCTIONS/PARTICIPATIONS OF DR. RAINER GAEBEL (MANAGER)

 Manager:

                      Refratechnik Holding GmbH

                      Adalperostr. 82

                      D 85737 Ismaning

                      Legal form: Private limited company

                      Share capital:     EUR        105,000,000.00

                      Registered

                      on:         21.08.2001

                      Reg. data:  80797 München, HRB 138677

 

COMPANY HISTORY

 

 30.01.1997 - 31.07.1998  Refratechnik Steel GmbH

                          Knöbelstr. 36

                          D 80538 München

                          Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

24.02.1999 - 13.02.2012  Manager

                          Hartmut Bunse

                          D 40547 Düsseldorf

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 23200   Manufacture of refractory products

46721   Wholesale of iron ores, iron, steel and iron and steel semi-finished goods

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      Refratechnik Steel GmbH

                      Horchemsweg 22

                      D 56170 Bendorf

                      TEL.: 02622/921479

 Branch:

                      Refratechnik Steel GmbH

                      Gewerbestr. 28a

                      D 48249 Dülmen

 Branch:

                      Refratechnik Steel GmbH

                      Corso Casale 360

                      I - 3039

 

 

PARTICIPATIONS

 

 Shareholder:

                      Refratechnik Casting GmbH

                      Schiessstr. 58

                      D 40549 Düsseldorf

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          1,000,000.00

                      Share:             EUR          1,000,000.00

                      Reg. data:  11.09.2009

                                  Local court 40213 Düsseldorf

                                  HRB 61778

 

 

FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Schiessstr. 58

                      D 40549 Düsseldorf

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 DEUTSCHE BANK, GÖTTINGEN, NIEDERSACHS

 Sort. code: 26070072, BIC: DEUTDE2H260

 

 Further banks

 BADEN-WÜRTTEMBERGISCHE BANK, KARLSRUHE, BADEN

 Sort. code: 66020020, Account no.: 4041643000, BIC: SOLADEST663

 COMMERZBANK, DÜSSELDORF

 Sort. code: 30040000, Account no.: 5811070, BIC: COBADEDDXXX

 DEUTSCHE BANK, MÜNCHEN

 Sort. code: 70070010, Account no.: 2007615, BIC: DEUTDEMMXXX

 HSBC TRINKAUS & BURKHARDT, DÜSSELDORF

 Sort. code: 30030880, Account no.: 2465027, BIC: TUBDDEDDXXX

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Share capital:                          EUR          5,000,000.00

 Employees:                                                    150

 

 Control and profit transfer agreement to:

                      Refratechnik Holding GmbH

                      Adalperostr. 82

                      D 85737 Ismaning

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.44

UK Pound

1

Rs.89.31

Euro

1

Rs.71.61

 

 

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%)

 

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.