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Report Date : |
30.08.2013 |
IDENTIFICATION DETAILS
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Name : |
NETZSCH - GERÄTEBAU GESELLSCHAFT
MITBESCHRÄNKTER HAFTUNG |
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Registered Office : |
Wittelsbacherstr. 42, D 95100 Selb |
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Country : |
Germany |
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Date of Incorporation : |
26.09.1962 |
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Com. Reg. No.: |
HRB 88 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer
of instruments and appliances for measuring, testing and navigation |
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No. of Employees : |
270 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 6.5% 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 |
Netzsch - Gerätebau Gesellschaft mitbeschränkter Haftung
Wittelsbacherstr. 42
D 95100 Selb
Telephone: 09287/881-0
Telefax: 09287/881-144
Homepage: www.ngb.netzsch.com
E-mail: at@ngb.netzsch.com
DE811186548
258/197/01914
active
Business relations are permissible. The company is considered solvent
for credits within its scope of business.
LEGAL FORM Private limited company
Date of foundation: 1962
Shareholders'
agreement: 27.06.1962
Registered on: 26.09.1962
Commercial Register: Local
court 95030 Hof
under: HRB 88
Share capital:
EUR 3,200,000.00
Erich Netzsch GmbH & Co. Holding KG
Gebrüder-Netzsch-Str. 19
D 95100 Selb
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 5,100,000.00
contribution:
Share: EUR 3,200,000.00
Registered on: 08.12.1932
Reg. data: 95030 Hof, HRA 404
Profit transfer agreement
Dr. Thomas Denner
D 95100 Selb
authorized to jointly represent the company
born: 10.01.1969
Profession: Businessman
Manager:
Dr. Jürgen Blumm
D
95100 Selb
authorized to jointly represent the company
born:
22.09.1968
Ernst Most
Zur Roten Marter 13
D 92533 Wernberg-Köblitz
authorized to jointly represent the company
born: 09.06.1959
Proxy:
Ingo-Ludwig Hammer
D
95100 Selb
authorized to jointly represent the company
born:
02.08.1968
Main industrial sector
26512 Manufacture of instruments and appliances
for measuring, testing and navigation
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Wittelsbacherstr.
42
D 95100 Selb
Size: 4,746.00 sq.m
Type of ownership: proprietor
Share: 100.00
%
Address Hainbergstraße
5-9
D 95100 Selb
Size: 542.00 sq.m
Type of ownership: proprietor
Share: 100.00 %
Address Vielitz
D 95100 Selb
Size: 2,830.00 sq.m
Land register documents were not available.
Principal bank
UNICREDIT BANK - HYPOVEREINSBANK, HOF, SAALE
Sort. code: 78020070, BIC: HYVEDEMM424
Further bank
COMMERZBANK HOF SAALE, HOF, SAALE
Sort. code: 78040081, BIC: COBADEFF780
Financial year: 01.07. - 30.06.
Turnover: 2010/2011 EUR 57,259,000.00
Share capital: EUR 3,200,000.00
Equipment: EUR 1,203,000.00
Ac/ts receivable: EUR 5,153,000.00
Liabilities: EUR 944,000.00
Real
estate of the firm:
EUR 821,000.00
Employees: 270
Profit transfer agreement to:
Erich Netzsch GmbH & Co. Holding KG
Gebrüder-Netzsch-Str. 19
D 95100 Selb
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.67.71 |
|
UK Pound |
1 |
Rs.105.14 |
|
Euro |
1 |
Rs.90.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.