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Report Date : |
23.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAM ELECTRONICS GMBH |
|
|
|
|
Registered Office : |
Behringstr. 120 D 22763 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
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Date of Incorporation : |
24.07.2003 |
|
|
|
|
Com. Reg. No.: |
HRB 89408 |
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|
|
|
Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
Manufacture of loaded electronic boards |
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|
|
|
No. of Employees : |
639 |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 6.5% in 2012. GDP contracted
5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7%
in 2012 - a reflection of low investment spending due to crisis-induced
uncertainty and the decreased demand for German exports from recession-stricken
periphery countries. Stimulus and stabilization efforts initiated in 2008 and
2009 and tax cuts introduced in Chancellor Angela MERKEL's second term
increased Germany's total budget deficit - including federal, state, and
municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced
the deficit to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%.
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 though
the target was already reached in 2012. By 2014, the federal government wants
to balance its budget. 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 electricity generating capacity and 46% of its base-load electricity
production.
Source
: CIA
SAM Electronics GmbH
Company Status: active
Behringstr.
120
D 22763
Hamburg
Telephone:040/8825-0
Telefax:
040/8825-4000
Homepage:
www.sam-electronics.de
E-mail: info@sam-electronics.de
DE813811359
57/880/01543
LEGAL FORM Private limited company
Date of foundation: 24.07.2003
Shareholders'
agreement: 24.07.2003
Registered on: 28.07.2003
Commercial Register: Local court
20355 Hamburg
under: HRB 89408
EUR 3,000,000.00
L-3
Communications Holding GmbH
Zum Panrepel
2
D 28307
Bremen
Legal form:
Private limited company
Share
capital: EUR 26,000.00
Share: EUR 3,000,000.00
Registered
on: 09.05.2001
Reg. data:
28195 Bremen, HRB 20127 HB
Profit
transfer agreement
Manager:
Carsten Sippel
D 25451
Quickborn
born:
12.12.1964
President of the
Supervisory Board:
Robert Leskow
USA Moorestown/New Jersey
Nationality:
USA
Marital
status: unknown
Vice-president of
the Supervisory Board:
Klaus Lorenz
Bei der
Lutherbuche 20d
D 22529
Hamburg
born:
14.04.1950
Profession: graduate engineer
Marital
status: unknown
Representative of
the Employees within the Supervisory Board:
Frank
Stohwasser
Luhering 58
D 21629 Neu Wulmstorf
Marital
status: unknown
Proxy:
Horst-Dieter
Wolf
D 25436
Heidgraben
authorized to
jointly represent the company
born:
02.01.1953
Proxy:
Armin Groth
Hamburger
Str. 63a
D 23843 Bad
Oldesloe
authorized to
jointly represent the company
born:
13.08.1963
Profession:
Businessman
Marital
status: unknown
Proxy:
Frank Martin
Metzner
D 22844
Norderstedt
authorized to
jointly represent the company
born:
08.02.1962
Marital status: unknown
Proxy:
Maik Stövhase
D 20099
Hamburg
authorized to
jointly represent the company
born:
30.03.1967
Proxy:
Holger Mahnke
D 20095 Hamburg
authorized to
jointly represent the company
born:
11.05.1956
Marital
status: unknown
Proxy:
Michael
Uecker-Weigel
D 28195
Bremen
authorized to
jointly represent the company
born:
28.05.1955
Proxy:
Reinhard
Swoboda
D 22763
Hamburg
authorized to
jointly represent the company
born:
06.01.1950
Proxy:
Peter Robson
Rogers
GB Bucks
authorized to
jointly represent the company
born:
22.05.1957
Nationality:
British
28.07.2003 - 03.12.2003 Maria
Vermögensverwaltung GmbH
Kardinal-Faulhaber-Str. 10
D 80333
München
Private
limited company
03.12.2003 - 13.01.2004 SAM
Electronics GmbH (AG München HRB
148583)
Kardinal-Faulhaber-Str. 10
D 80333
München
Private
limited company
22.01.2004 - 23.04.2013 Manager
Hans
Ulrich Weinreuter
D 21266
Jesteburg
01.11.2010 - 31.12.2011 Member of
the Supervisory Board
Erik
Merks
D 20095
Hamburg
01.11.2010 - 31.12.2011 Member of
the Supervisory Board
Steve
Kantor
USA
Orange, Ct.
Main industrial sector
26120 Manufacture of loaded
electronic boards
46520 Wholesale of electronic
and telecommunications equipment and parts
Secondary industrial sector
96090 Other service activities
n. e. c.
Works:
SAM
Electronics GmbH
Friesenweg 4
D 22763 Hamburg
Branch:
SAM
Electronics GmbH
Hannoversche
Str. 1
D 26384
Wilhelmshaven
TEL.:
04421/917670
Branch:
SAM
Electronics GmbH
Westkai 46
D 27572
Bremerhaven
TEL.:
0471/798614
Branch:
SAM
Electronics GmbH
Dr.-Hell-Str.
6
D 24107 Kiel
Limited partner:
STN
Schiffselektrik GmbH & Co. KG
Gewerbeallee
13
D 18107
Elmenhorst/Lichtenhagen
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Company
Status: active
Total
cap. EUR 300,000.00
contribution:
Share: EUR 300,000.00
Reg. data: 26.03.2004
Local court 18057 Rostock
HRA 2291
Shareholder:
Funa
International GmbH
Stedinger
Str. 11
D 26723 Emden
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 1,170,000.00
Share: EUR 1,145,450.00
Reg. data:
09.04.2013
Local court 26603 Aurich
HRB 202599
Shareholder:
STN
Schiffselektrik Verwaltung GmbH
Gewerbeallee
13
D 18107 Elmenhorst/Lichtenhagen
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 04.02.2004
Local court 18057 Rostock
HRB 9659
Payment experience: within agreed
terms
Negative information:We have no negative information at hand.
Type of ownership: Tenant
Address Behringstr.
120
D 22763
Hamburg
Land register documents were not available.
Principal banks
COMMERZBANK, HAMBURG
Sort. code: 20040000, Account no.: 404617500, BIC: COBADEHHXXX
HSH NORDBANK HAMBURG, HAMBURG
Sort. code: 20050000, BIC: HSHNDEHH200
Further banks
HSH NORDBANK HAMBURG, KIEL, KIEL
Sort. code: 21050000, Account no.: 1000339610, BIC: HSHNDEHHXXX
UNICREDIT BANK - HYPOVEREINSBANK, HAMBURG
Sort. code: 20030000, BIC: HYVEDEMM300
Financial
year: 01.01. - 31.12.
Turnover: 2011 EUR 240,000,000.00
2012 EUR 92,865,000.00
further
business figures:
Share
capital:
EUR 3,000,000.00
Equipment: EUR 1,348,168.00
Ac/ts
receivable:
EUR 35,515,309.00
Liabilities: EUR 35,687,445.00
Real
estate of the firm:
EUR 565,270.00
Employees:
639
-
Trainees:
24
Profit
transfer agreement to:
L-3 Communications Holding
GmbH
Zum Panrepel 2
D 28307 Bremen
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.65.42 |
|
|
1 |
Rs.102.09 |
|
Euro |
1 |
Rs.87.32 |
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.