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Report Date : |
20.09.2012 |
IDENTIFICATION DETAILS
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Name : |
WOODWARD KEMPEN GMBH |
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Registered Office : |
Krefelder Weg 47 D 47906 Kempen Post Box:10 07 55 |
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Country : |
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Year of Establishment : |
1969 |
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Com. Reg. No.: |
HRB 13089 |
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Legal Form : |
Private limited company |
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Line of Business : |
Manufacture of electricity distribution and control equipment |
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No. of Employees : |
Not Available |
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RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
Woodward Kempen
GmbH
Company Status: active
Krefelder Weg 47
D 47906 Kempen
Post Box:
10 07 55
Telephone:02152/145-1
Telefax: 02152/145200
Homepage: www.woodward.com
E-mail: info-kempen@woodward.com
DE120004960
115/5806/0222
LEGAL FORM Private
limited company
Date of
foundation: 1969
Shareholders'
agreement: 13.08.2010
Registered
on: 24.08.2010
Commercial
Register: Local court 47798 Krefeld
under: HRB
13089
EUR 100,000.00
Woodward Aken GmbH
Köthener Chaussee 46
D 06385 Aken
Legal form: Private
limited company
Share capital: EUR 1,022,583.76
Share: EUR 100,000.00
Registered on: 10.08.1990
Reg. data: 39576 Stendal,
HRB 10125
Profit transfer agreement
Manager:
Gerhard Albrecht Lauffer
Goldregenweg 40
D 70565 Stuttgart
having sole power of
representation
born: 01.12.1961
Profession: graduate engineer
Marital status: married
Proxy:
Ludger Rupp
D 47906 Kempen
authorized to jointly
represent the company
born: 26.02.1963
Proxy:
Thomas Wojciechowski
D 47475 Kamp-Lintfort
authorized to jointly
represent the company
born: 04.09.1965
FURTHER FUNCTIONS/PARTICIPATIONS OF GERHARD ALBRECHT
LAUFFER
(MANAGER)
Limited partner:
Lauffer GmbH & Co. KG
Handwerkstr. 29
D 70565 Stuttgart
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 4,000.00
contribution:
Share: EUR 2,950.00
Registered
on: 30.10.2000
Reg. data: 70190 Stuttgart, HRA 13094
Shareholder:
Lauffer Verwaltungs- und
Beteiligungs GmbH
Gietmannstr. 15
D 70565 Stuttgart
Legal form: Private
limited company
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 17.11.1998
Reg. data: 70190 Stuttgart, HRB 19615
Manager:
Woodward GmbH
Handwerkstr. 29
D 70565 Stuttgart
Legal form: Private
limited company
Share capital: EUR 150,320.00
Registered
on: 26.07.1990
Reg. data: 70190 Stuttgart, HRB 14131
Manager:
Lauffer Verwaltungs- und
Beteiligungs GmbH
Gietmannstr. 15
D 70565 Stuttgart
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 17.11.1998
Reg. data: 70190 Stuttgart, HRB 19615
Manager:
Woodward Power Solutions
GmbH
Krefelder Weg 47
D 47906 Kempen
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 12.08.2008
Reg. data: 47798 Krefeld, HRB 12060
12.02.1970 -
16.02.2007 SEG Schaltanlagen-Elektronik-Geräte
GmbH
& Co. KG
Krefelder Weg 47
D 47906 Kempen
Ltd partnership with
priv. ltd. company
as general partner
16.02.2007 -
24.08.2010 Woodward SEG GmbH & Co.
KG
Krefelder Weg 47
D 47906 Kempen
Ltd partnership with
priv. ltd. company
as general partner
Main industrial
sector
27120 Manufacture of electricity distribution and
control equipment
Secondary
industrial sector
27110 Manufacture of electric motors, generators
and transformators
2790 Manufacture of other electric equipment n.e.c.
46149 Agents involved in the sale of
electrotechnical and electronical products n.e.c.
Shareholder:
Woodward Power Solutions
GmbH
Krefelder Weg 47
D 47906 Kempen
Legal form: Private limited
company
Company Status: active
Share capital: EUR 25,100.00
Share: EUR 25,100.00
Reg. data: 12.08.2008
Local court
47798 Krefeld
HRB 12060
Payment
experience: within agreed terms
Negative
information:We have no negative information at hand.
Type of
ownership: Tenant
Address Krefelder Weg 47
D 47906 Kempen
Land register
documents were not available.
Principal bank
COMMERZBANK,
DESSAU-ROßLAU
Sort. code:
81040000, Account no.: 5 050 737, BIC: COBADEFF810
Financial
year: 01.01. - 31.12.
Share capital: EUR 100,000.00
The number of
employees is not known.
Profit transfer
agreement to:
Woodward Aken GmbH
Köthener Chaussee 46
D 06385 Aken
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.26 |
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1 |
Rs.88.14 |
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Euro |
1 |
Rs.71.03 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.