|
Report Date : |
05.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP ROTHE ERDE GMBH |
|
|
|
|
Registered Office : |
Tremoniastr.
5-11 D 44137 Dortmund |
|
|
|
|
Country : |
Germany |
|
|
|
|
Year of Incorporation : |
1934 |
|
|
|
|
Com. Reg. No.: |
HRB
10591 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture
of bearings, gears, gearing and driving elements |
|
|
|
|
No. of Employees : |
3,200 |
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 : |
Good |
|
Payment Behaviour : |
Regular |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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
ThyssenKrupp Rothe Erde GmbH
Company Status: active
Tremoniastr. 5-11
D 44137 Dortmund
Telephone:0231/186-0
Telefax:
0231/1862500
Homepage: www.rotheerde.com
E-mail:
rotheerde@thyssenkrupp.com
Postfach 10 50 25, 44047 dartmund
DE811460194
Business relations are permissible. The
company is considered
solvent for credits within its scope of business.
LEGAL FORM Private
limited company
Date of foundation: 1934
Shareholders'
agreement: 22.02.1993
Registered on: 04.03.1993
Commercial Register: Local court 44135 Dortmund
under: HRB
10591
EUR
12,790,000.00
ThyssenKrupp Technologies
Beteiligungen GmbH
ThyssenKrupp Allee 1
D 45143 Essen
Legal form: Private limited company
Share capital: EUR
130,000,000.00
Share: EUR 10,232,000.00
Registered on: 29.10.2009
Reg. data: 45130 Essen,
HRB 21754
Shareholder:
Thyssen Stahl GmbH
ThyssenKrupp Allee 1
D 45143 Essen
Legal form: Private
limited company
Share capital: EUR
935,146,600.00
Share: EUR 2,558,000.00
Registered on: 25.03.2004
Reg. data: 40213
Düsseldorf, HRB 49578
Manager:
Dr. Johannes Wozniak
D 59555 Lippstadt
Manager:
Dr.rer.pol. Arno
Schuppert
Wortbergrode 18
D 45149 Essen
born: 22.04.1957
Profession: Businessman
Marital status: married
Manager:
Winfried Schulte
D 59348 Lüdinghausen
born: 08.04.1964
Profession: Fully
qualified merchant
President of the Supervisory Board:
Dr. Karsten Kroos
Am Thyssenhaus 1
D 45128 Essen
born: 28.09.1969
Profession: Engineer
Vice-president of the Supervisory Board:
Hans-Peter Breker
Am Thyssenhaus 1
D 45128 Essen
born: 15.07.1947
Profession: Fully
qualified Economist
Marital status: married
Member of the Supervisory Board:
Ralph Labonte
Francisco Riberas Mera
E Madrid
born: 06.08.1953
Profession: Businessman
Marital status: married
Member of the Supervisory Board:
Ercan Keles
Am Thyssenhaus 1
D 45128 Essen
born: 20.02.1971
Profession: Fully qualified
merchant
Member of the Supervisory Board:
Helmut Sailer
Tremoniastr. 5-11
D 44137 Dortmund
Member of the Supervisory Board:
Christian Julius
Tremoniastr. 5-11
D 44137 Dortmund
Proxy:
Achim Winterhalder
Lünerner Dorfstr. 25
D 59427 Unna
authorized to jointly
represent the company
born: 21.09.1957
Proxy:
Wolfgang Claus
D 59510 Lippetal
born: 20.11.1957
Proxy:
Oliver Friedrich
D 50933 Köln
authorized to jointly represent the
company
born: 19.04.1967
Proxy:
Christoph Liefländer
D 59494 Soest
authorized to jointly
represent the company
born: 08.05.1963
Proxy:
Henning Viebahn
D 45127 Essen
Proxy:
Peter Küpper
D 44143 Dortmund
authorized to jointly
represent the company
born: 27.02.1967
Proxy:
Ulrich Römer
D 42549 Velbert
authorized to jointly
represent the company
born: 18.11.1965
Proxy:
Norbert Steinau
D 44137 Dortmund
authorized to jointly
represent the company
born: 06.10.1960
Proxy:
Hans-Joachim Weber
D 44532 Lünen
authorized to jointly represent the
company
born: 13.03.1953
Proxy:
Siegfried Stankewitz
D 44137 Dortmund
authorized to jointly
represent the company
born: 12.01.1952
1934 - 25.03.1970 Eisenwerk Rothe Erde GmbH
D 44145 Dortmund
Private limited
company
25.03.1970 - 03.03.1993 Hoesch Rothe Erde-Schmiedag
Aktiengesellschaft
Tremoniastr. 5-11
D 44137 Dortmund
Public limited
company
04.03.1993 - 04.07.1993 KAHADO Maschinenbau GmbH
Eberhardstr. 12
D 44145 Dortmund
Private limited
company
05.07.1993 - 13.12.1996 Hoesch Rothe Erde GmbH
Tremoniastr. 5-11
D 44137 Dortmund
Private limited company
14.12.1996 - 12.12.2012 Rothe Erde GmbH
Tremoniastr. 5-11
D 44137 Dortmund
Private limited
company
Main industrial sector
2815
Manufacture of bearings, gears, gearing and driving elements
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished goods
Branch:
ThyssenKrupp Rothe Erde
GmbH
Beckumer Str. 87
D 59555 Lippstadt
TEL.: 02941/7410
FAX.: 02941/7413320
Branch:
ThyssenKrupp Rothe Erde
GmbH
Heegermühler Str. 64
D 16225 Eberswalde
TEL.: 03334/206400
FAX.: 03334/206490
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Tremoniastr. 5-11
D 44137 Dortmund
Land register documents were not available.
Principal
bank
COMMERZBANK VORMALS DRESDNER BANK, DORTMUND
Sort. code: 44080050, Account no.: 107091500,
BIC: DRESDEFF440
Further bank
DEUTSCHE BANK, DORTMUND
Sort. code: 44070050, Account no.: 134913300,
BIC: DEUTDEDE440
Financial year: 01.10. -
30.09.
Share capital: EUR 12,790,000.00
Employees:
3,200
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.97 |
|
|
1 |
Rs.83.17 |
|
Euro |
1 |
Rs.72.20 |
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.