|
Report Date : |
08.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
OSKAR FRECH GMBH + CO. KG |
|
|
|
|
Registered Office : |
Schorndorfer Str. 32 D 73614 Schorndorf Post Box: 1203, D 73602 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
1949 |
|
|
|
|
Com. Reg. No.: |
HRA 280254 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
Manufacture of machinery for metallurgy |
|
|
|
|
No. of Employees : |
366 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
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 |
OSKAR FRECH GMBH + CO. KG
Company Status: active
Schorndorfer Str. 32
D 73614 Schorndorf
Post Box: 1203, D 73602
Telephone:07181/702-0
Telefax: 07181/75430
Homepage: www.frech.com
E-mail: info@frech.com
VAT no.: DE146619905
The company is considered solvent for credits within its scope of business.
LEGAL FORM Ltd partnership with priv. ltd. company as general partner
Date of foundation: 1949
Registered on: 22.04.1953
Register of
companies: Local court 70190 Stuttgart
under: HRA 280254
Total cap. contribution: EUR 18,000,000.00
Limited partner:
Wolfgang Frech
Brucknerstr. 1
D 73614 Schorndorf
born: 04.05.1933
Share: EUR 7,957,800.00
Limited partner:
Erika Kühtz
Beethovenstr. 16
D 73614 Schorndorf
born: 30.03.1937
née: Frech
Share: EUR 5,115,600.00
Limited partner:
Sylvia Marks
David-Wolleber-Str. 24
D 73614 Schorndorf
born: 14.04.1957
Share: EUR 4,926,600.00
General partner:
Oskar Frech Verwaltungs-Gesellschaft mit
beschränkter Haftung
Schorndorfer Str. 32
D 73614 Schorndorf
Legal form: Private limited company
Share capital: EUR 100,000.00
Registered on: 11.10.1967
Reg. data: 70190 Stuttgart, HRB 280117
Shareholder:
Wolfgang Frech
Brucknerstr. 1
D 73614 Schorndorf
born: 04.05.1933
Share: EUR 55,968.00
Shareholder:
Erika Kühtz
Beethovenstr. 16
D 73614 Schorndorf
born: 30.03.1937
née: Frech
Share: EUR 28,420.00
Shareholder:
Sylvia Marks
David-Wolleber-Str. 24
D 73614 Schorndorf
born: 14.04.1957
Share: EUR 15,612.00
Manager:
Wolfgang Frech
Brucknerstr. 1
D 73614 Schorndorf
having sole power of representation
born: 04.05.1933
Profession: Fully qualified engineer
Marital status: married
Manager:
Dr.-Ing. Ioannis Ioannidis
Fuggerstr. 62
D 71332 Waiblingen
born: 31.10.1954
Marital status: married
Manager:
Dr.-Ing. Norbert Erhard
D 73547 Lorch
born: 19.11.1957
Marital status: married
Proxy:
Alfred Maier
D 73560 Böbingen
authorized to jointly represent the company
born: 18.08.1944
Proxy:
Jochen Leibbrand
Lerchenstr. 27
D 73650 Winterbach
authorized to jointly represent the company
born: 14.10.1962
Marital status: married
Proxy:
Alfred Maier
D 73560 Böbingen
born: 18.08.1944
Proxy:
Jürgen Lamparter
D 73240 Wendlingen
authorized to jointly represent the company
born: 12.03.1964
Profession: Fully qualified economic
engineer
Proxy:
Louis Braun
D 73614 Schorndorf
born: 10.10.1955
Proxy:
Thomas Reiber
D 73614 Schorndorf
authorized to jointly represent the company
born: 26.02.1966
1949 - 22.04.1953 Oskar Frech
Schorndorfer Str. 32
D 73614 Schorndorf
Unregistered commercial enterprise
22.04.1953 - 01.01.1964 Oskar Frech Werkzeugbau
Schorndorfer Str. 32
D 73614 Schorndorf
Sole proprietorship
01.01.1964 - 20.06.1987 Oskar Frech KG
Schorndorfer Str. 32
D 73614 Schorndorf
Limited partnership
Sectors
28910 Manufacture of machinery for metallurgy
Branch:
Oskar Frech GmbH + Co. KG
Borsigstr. 15
D 42551 Velbert
TEL.: 02051/6059256
Shareholder:
FMK Beteiligungsgesellschaft mbH
Schorndorfer Str. 32
D 73614 Schorndorf
Legal form: Private limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Reg. data: 22.06.2001
Local court 70190 Stuttgart
HRB 281914
Payment experience: takes advantage of cash discount
Negative information:We have no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Schorndorfer Str. 32
D 73614 Schorndorf
Type of real estate: Commercial building
Real Estate of: Oskar Frech Verwaltungs-Gesellschaft mit
beschränkter Haftung
Type of ownership: Tenant
Address Schorndorfer Str. 32
D 73614 Schorndorf
Land register documents were not available.
Principal bank
KREISSPARKASSE WAIBLINGEN, SCHORNDORF, WÜRTT
Sort. code: 60250010, Account no.: 5014046, BIC: SOLADES1WBN
Further banks
COMMERZBANK, FELLBACH, WÜRTT
Sort. code: 60040071, Account no.: 7607203, BIC: COBADEFF600
BADEN-WÜRTTEMB.BANK/LANDESBANK BADEN-WÜRTTEMB., SCHORNDORF, WÜRTT
Sort. code: 60050101, Account no.: 8362740, BIC: SOLADEST600
Financial year: 01.01. - 31.12.
Turnover: 2011 EUR 72,534,384.00
Equipment: EUR 3,500,000.00
Ac/ts receivable: EUR 15,900,000.00
Liabilities: EUR 2,500,000.00
Employees: 366
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.53.14 |
|
|
1 |
Rs.83.26 |
|
Euro |
1 |
Rs.71.93 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.