MIRA INFORM REPORT

 

 

Report Date :

18.02.2013

 

IDENTIFICATION DETAILS

 

Name :

SCHULER PRESSEN GMBH

 

 

Registered Office :

Bahnhofstr. 41 D 73033 Göppingen

 

 

Country :

Germany

 

 

Date of Incorporation :

1866

 

 

Com. Reg. No.:

HRB 726465

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Manufacture of tools

 

 

No. of Employees :

Not Available

 

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

 

 

 


Company name and address

 

SCHULER PRESSEN GMBH

 

 Company Status:          active

                                    Bahnhofstr. 41

                                    D 73033 Göppingen

                                    Telephone:07161/66-0

                                    Telefax:  07161/66-233

                                    Homepage: www.schulergroup.com

                                    E-mail:   info@schulergroup.com

 

 VAT no.:                      DE146347552

 

 

CONCLUSION

 

 Business relations are permissible.

 

 LEGAL FORM              Private limited company

 Date of foundation:        1866

 Shareholders'

 agreement:                   28.03.2011

 Registered on:              21.04.2011

 Commercial Register:    Local court 89073 Ulm

 under:                          HRB 726465

 

 Share capital:                          EUR         21,611,520.00

 

 Shareholder:

                      Schuler Aktiengesellschaft

                      Bahnhofstr. 41

                      D 73033 Göppingen

                      Post Box:

                      1222, D 73012 Göppingen

                      Legal form: Public limited company

                      Share capital:     EUR         77,196,168.00

                      Share:             EUR         21,611,520.00

                      Registered on: 29.12.1965

                      Reg. data: 89073 Ulm, HRB 530210

                      Control and profit transfer agreement

 Manager:

                      Holger Garbrecht

                      D 69115 Heidelberg

                      authorized to jointly represent the company

                      born: 09.06.1959

 Manager:

                      Axel Meyer

                      D 73728 Esslingen

                      authorized to jointly represent the company

                      born: 06.04.1968

 Manager:

                      Jochen Früh

                      D 88212 Ravensburg

                      authorized to jointly represent the company

                      born: 20.10.1967

                      Profession: Fully qualified engineer

 Manager:

                      Klaus Linnig

                      D 66620 Nonnweiler

                      authorized to jointly represent the company

                      born: 06.05.1962

 Manager:

                      Dieter Merkle

                      D 73033 Göppingen

                      authorized to jointly represent the company

                      born: 07.10.1958

 Manager:

                      Kurt Eugster

                      CH - Widnau

                      authorized to jointly represent the company

                      born: 14.07.1965

                      Nationality: Swiss

 Manager:

                      Siegfried Schlabschi

                      D 78351 Bodman-Ludwigshafen

                      born: 26.06.1959

 President of the Supervisory Board:

                      Joachim Beyer

                      D 88212 Ravensburg

                      born: 16.09.1955

 Member of the Supervisory Board:

                      Marcus Ketter

                      D 40210 Düsseldorf

                      born: 14.04.1968

                      Profession: Businessman

 Member of the Supervisory Board:

                      Stefan Klebert

                      D 70173 Stuttgart

                      born: 27.06.1965

                      Profession: Businessman

 Member of the Supervisory Board:

                      Dr. Markus Ernst

                      D 72555 Metzingen

                      born: 04.02.1969

 Member of the Supervisory Board:

                      Ralf Fiedler

                      D 99195 Großrudestedt

                      Marital status: unknown

 Member of the Supervisory Board:

                      Rainer Koppers

                      D 88368 Bergatreute

                      Marital status: unknown

 Proxy:

                      Henning Mittasch

                      D 83229 Aschau

                      authorized to jointly represent the company

                      born: 18.10.1954

                      Profession: Businessman

 Proxy:

                      Heidemarie Rubner

                      D 99086 Erfurt

                      authorized to jointly represent the company

                      born: 16.05.1962

 Proxy:

                      Volker Kühne

                      D 99085 Erfurt

                      authorized to jointly represent the company

                      born: 30.09.1951

 Proxy:

                      Thomas Rössler

                      D 73329 Kuchen

                      authorized to jointly represent the company

                      born: 17.10.1959

                      Profession: Fully qualified Economist

 Proxy:

                      Eberhard Severin

                      Keltenweg 5

                      D 88281 Schlier

                      authorized to jointly represent the company

                      born: 17.01.1955

                      Profession: Fully qualified Economist

                      Marital status: married

 Proxy:

                      Frank Viola

                      D 88250 Weingarten

                      authorized to jointly represent the company

                      born: 23.04.1966

                      Profession: graduate engineer

 Proxy:

                      Gert-Erik Rummel

                      D 88212 Ravensburg

                      authorized to jointly represent the company

                      born: 23.04.1959

                      Profession: graduate engineer

 Proxy:

                      Maximilian Brändle

                      D 88279 Amtzell

                      authorized to jointly represent the company

                      born: 17.08.1968

                      Profession: graduate engineer

 Proxy:

                      Michael Vogel

                      D 88212 Ravensburg

                      authorized to jointly represent the company

                      born: 25.02.1953

                      Profession: Fully qualified engineer

 Proxy:

                      Marc Seemann

                      D 88069 Tettnang

                      authorized to jointly represent the company

                      born: 14.03.1970

                      Profession: Fully qualified merchant

 Proxy:

                      Udo Mosler

                      Annette-Kolb-Str. 48

                      D 30629 Hannover

                      authorized to jointly represent the company

                      born: 01.04.1959

 Proxy:

                      Hans Dieter Jung

                      Speerstr. 8

                      D 73035 Göppingen

                      authorized to jointly represent the company

                      born: 22.07.1968

                      Profession: graduate engineer

 Proxy:

                      Katja Schweizer

                      D 73066 Uhingen

                      authorized to jointly represent the company

                      born: 28.03.1969

                      Profession: Fully qualified merchant

 Proxy:

                      Ralf Frey

                      Logauweg 8

                      D 73054 Eislingen

                      authorized to jointly represent the company

                      born: 27.01.1972

 Proxy:

                      Ralf Kühn

                      Am Bildstöckle 5

                      D 88284 Wolpertswende

                      authorized to jointly represent the company

                      born: 31.12.1964

 Proxy:

                      Jörg Hausberger

                      D 88212 Ravensburg

                      authorized to jointly represent the company

                      born: 25.04.1967

 Proxy:

                      Markus Röver

                      D 70173 Stuttgart

                      authorized to jointly represent the company

                      born: 17.03.1970

 Proxy:

                      Torsten Petrick

                      Irisweg 3

                      D 30900 Wedemark

                      authorized to jointly represent the company

                      born: 18.07.1962

 Proxy:

                      Gerd K. Schmelzle

                      Weinhaldenstr. 28

                      D 73095 Albershausen

                      authorized to jointly represent the company

                      born: 08.12.1949

 Proxy:

                      Dr. Hans Mayrhofer

                      D 88045 Friedrichshafen

                      authorized to jointly represent the company

                      born: 11.03.1963

 Proxy:

                      Jürgen Stocker

                      Pestalozzistr. 9

                      D 89264 Weißenhorn

                      authorized to jointly represent the company

                      born: 25.02.1974

 Proxy:

                      Sven Rösel

                      D 73033 Göppingen

                      authorized to jointly represent the company

                      born: 28.12.1970

 Proxy:

                      Reinhold Vogtmann

                      D 24253 Fahren

                      authorized to jointly represent the company

                      born: 03.06.1953

 Proxy:

                      Gerhard Hauser

                      D 73655 Plüderhausen

                      authorized to jointly represent the company

                      born: 28.01.1966

 Proxy:

                      Matthias Jobmann

                      Töpferweg 8

                      D 88074 Meckenbeuren

                      authorized to jointly represent the company

                      born: 18.05.1955

 Proxy:

                      Karlheinz Rothenburger

                      D 88255 Baienfurt

                      authorized to jointly represent the company

                      born: 11.02.1964

 Proxy:

                      Klaus Zeller

                      D 73092 Heiningen

                      authorized to jointly represent the company

                      born: 26.07.1967

 Proxy:

                      Andreas Trost

                      D 76661 Philippsburg

                      authorized to jointly represent the company

                      born: 17.02.1967

 Proxy:

                      Marco Palumbo

                      D 73779 Deizisau

                      authorized to jointly represent the company

                      born: 03.07.1966

 Proxy:

                      Hans Hofele

                      D 73119 Zell

                      authorized to jointly represent the company

                      born: 15.03.1954

 Proxy:

                      Holger Fuchs

                      D 89558 Böhmenkirch

                      authorized to jointly represent the company

                      born: 05.08.1969

 Proxy:

                      Oliver Beisel

                      D 73547 Lorch

                      authorized to jointly represent the company

                      born: 09.09.1966

 Proxy:

                      Norbert Anut

                      D 06528 Riethnordhausen

                      authorized to jointly represent the company

                      born: 19.04.1957

 Proxy:

                      Markus Bieg

                      D 88370 Ebenweiler

                      authorized to jointly represent the company

                      born: 07.04.1976

 Proxy:

                      Joachim Schommer

                      D 73033 Göppingen

                      authorized to jointly represent the company

                      born: 13.04.1967

 Proxy:

                      Thomas Spießhofer

                      D 88697 Bermatingen

                      authorized to jointly represent the company

                      born: 05.06.1966

 Proxy:

                      Martina Schüle

                      D 85221 Dachau

                      authorized to jointly represent the company

                      born: 16.09.1965

 

 Further functions/participations of Axel Meyer (Manager)

 Proxy:

                      Schuler Pressen Geschäftsführungs GmbH

                      Bahnhofstr. 41

                      D 73033 Göppingen

                      Legal form: Private limited company in

                                  liquidation

                      Share capital:     EUR             30,000.00

                      Registered

                      on:         20.10.1994

                      Reg. data:  89073 Ulm, HRB 532320

 

 Further functions/participations of Jochen Früh (Manager)

 Proxy:

                      Schuler Pressen Geschäftsführungs GmbH

                      Bahnhofstr. 41

                      D 73033 Göppingen

                      Legal form: Private limited company in

                                  liquidation

                      Share capital:     EUR             30,000.00

                      Registered

                      on:         20.10.1994

                      Reg. data:  89073 Ulm, HRB 532320

 

 Further functions/participations of Klaus Linnig (Manager)

 Liquidator:

                      Schuler Pressen Geschäftsführungs GmbH

                      Bahnhofstr. 41

                      D 73033 Göppingen

                      Legal form: Private limited company in

                                  liquidation

                      Share capital:     EUR             30,000.00

                      Registered

                      on:         20.10.1994

                      Reg. data:  89073 Ulm, HRB 532320

 Liquidator:

                      Schuler Systems & Services Geschäftsführungs

                      GmbH

                      Bahnhofstr. 41

                      D 73033 Göppingen

                      Legal form: Private limited company in

                                  liquidation

                      Share capital:     EUR             30,000.00

                      Registered

                      on:         24.11.2004

                      Reg. data:  89073 Ulm, HRB 533939

 

 Further functions/participations of Kurt Eugster (Manager)

 Manager:

                      Schuler Guß Geschäftsführungs GmbH

                      Bahnhofstr. 41

                      D 73033 Göppingen

                      Legal form: Private limited company

                      Share capital:     EUR             30,000.00

                      Registered

                      on:         19.09.1994

                      Reg. data:  89073 Ulm, HRB 532303

 

 Further functions/participations of Siegfried Schlabschi

 (Manager)

 Manager:

                      Schmiedetechnik & Service GmbH

                      Schussenstr. 11

                      D 88250 Weingarten

                      Legal form: Private limited company

                      Share capital:     EUR             51,129.19

                      Registered

                      on:         16.09.1999

                      Reg. data:  89073 Ulm, HRB 552077

 Proxy:

                      Schuler Pressen Geschäftsführungs GmbH

                      Bahnhofstr. 41

                      D 73033 Göppingen

                      Legal form: Private limited company in

                                  liquidation

                      Share capital:     EUR             30,000.00

                      Registered

                      on:         20.10.1994

                      Reg. data:  89073 Ulm, HRB 532320

 

 

COMPANY HISTORY

 

 24.10.1898 - 21.07.1994  Maschinenfabrik Müller-Weingarten AG

                          Schussenstr. 11

                          D 88250 Weingarten

                          Public limited company

 21.07.1994 - 21.04.2011  Müller Weingarten AG

                          Schussenstr. 11

                          D 88250 Weingarten

                          Public limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 07.07.2006 - 13.02.2012  Vice-president of the Supervisory Board

                          Joachim Häusser

                          D 73728 Esslingen

 20.10.2003 - 13.02.2012  Member of the Supervisory Board

                          Kai Varnai

                          D 88339 Bad Waldsee

 14.10.2003 - 13.02.2012  President of the Supervisory Board

                          Dr.rer.pol. Gerhard Wacker

                          D 70597 Stuttgart

 14.10.2003 - 13.02.2012  Member of the Supervisory Board

                          Manfred Finken

                          D 40210 Düsseldorf

 14.10.2003 - 13.02.2012  Member of the Supervisory Board

                          Dr. Markus Reihle

                          D 88250 Weingarten

 14.10.2003 - 13.02.2012  Member of the Supervisory Board

                          Dr. Michael Stahl

                          D 70174 Stuttgart

 14.10.2003 - 13.02.2012  Member of the Supervisory Board

                          Klaus Langer

                          D 70173 Stuttgart

 14.10.2003 - 13.02.2012  Member of the Supervisory Board

                          Dr. Johannes Richter

                          D 82343 Pöcking

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 2573    Manufacture of tools

2829    Manufacture of other general-purpose machinery n.e.c.

28410   Manufacture of metal forming machinery

46741   Wholesale of tools and hardware

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      Schuler Pressen GmbH

                      Am Weidenbroich 1a

                      D 42897 Remscheid

                      TEL.: 02191/95199-0

                      FAX.: 02191/95199-81

 Branch:

                      Schuler Pressen GmbH

                      Schwerborner Str. 1

                      D 99086 Erfurt

                      TEL.: 0361/70-0

                      FAX.: 0361/70-6001

 Branch:

                      Schuler Pressen GmbH

                      Schussenstr. 11

                      D 88250 Weingarten

 

 

PARTICIPATIONS

 

 Limited partner:

                      NORA Grundstücks-Vermietungsgesellschaft mbH

                      & Co. Objekt Weingarten KG

                      Tölzer Str. 2

                      D 82031 Grünwald

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR             10,225.84

                      contribution:

                      Share:             EUR             10,225.84

                      Reg. data:  03.04.2006

                                  Local court 80797 München

                                  HRA 87813

 Limited partner:

                      SUPERA Grundstücks-Vermietungsgesellschaft

                      mbH & Co. Objekt Weingarten KG

                      Berliner Str. 1

                      D 12529 Schönefeld

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR             10,225.84

                      contribution:

                      Share:             EUR             10,225.84

                      Reg. data:  03.05.2005

                                  Local court 03044 Cottbus

                                  HRA 2455 CB

 Shareholder:

                      Müller Weingarten Werkzeuge GmbH

                      Gartenstr. 54

                      D 88250 Weingarten

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          1,533,875.64

                      Share:             EUR          1,533,875.64

                      Reg. data:  27.12.1994

                                  Local court 89073 Ulm

                                  HRB 551556

 Shareholder:

                      Schmiedetechnik & Service GmbH

                      Schussenstr. 11

                      D 88250 Weingarten

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             51,129.19

                      Share:             EUR             51,129.19

                      Reg. data:  16.09.1999

                                  Local court 89073 Ulm

                                  HRB 552077

 Shareholder:

                      Schuler Pressen Geschäftsführungs GmbH

                      Bahnhofstr. 41

                      D 73033 Göppingen

                      Legal form: Private limited company

                      Company Status: in liquidation

                      since:          15.06.2011

                      Share capital:     EUR             30,000.00

                      Share:             EUR             30,000.00

                      Reg. data:  20.10.1994

                                  Local court 89073 Ulm

                                  HRB 532320

 

 

FINANCIAL INFORMATION

 

 Payment experience:    within periods customary in this trade

 

 Negative information:     We have no negative information at hand.

 

 

 REAL ESTATE

 

 Type of ownership:        proprietor

 Share:                          100.00 %

 Address                       Schussenstr. 11

                                    D 88250 Weingarten

 

 Type of ownership:        Tenant

 Address                       Bahnhofstr. 41

                                    D 73033 Göppingen

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 KREISSPARKASSE RAVENSBURG, WEINGARTEN, WÜRTT

 Sort. code: 65050110, BIC: SOLADES1RVB

 

 Further banks

 DEUTSCHE BANK, ESSLINGEN AM NECKAR

 Sort. code: 61170076, BIC: DEUTDESS611

 DEUTSCHE BANK, RAVENSBURG, WÜRTT

 Sort. code: 65070084, BIC: DEUTDESS650

 COMMERZBANK VORMALS DRESDNER BANK, RAVENSBURG, WÜRTT

 Sort. code: 65080009, BIC: DRESDEFF650

 UNICREDIT BANK - HYPOVEREINSBANK, STUTTGART

 Sort. code: 60020290, BIC: HYVEDEMM473

 BADEN-WÜRTTEMB.BANK/LANDESBANK BADEN-WÜRTTEMB., RAVENSBURG, WÜRTT

 Sort. code: 65050281, BIC: SOLADEST450

 BADEN-WÜRTTEMBERGISCHE BANK, RAVENSBURG, WÜRTT

 Sort. code: 65020030, BIC: SOLADEST650

 

 

FINANCIAL FIGURES

 

 Financial year:                          01.10. - 30.09.

 Share capital:                            EUR         21,611,520.00

 The number of employees is not known.

 

Control and profit transfer agreement to:

Schuler Aktiengesellschaft

Bahnhofstr. 41

D 73033 Göppingen

Post Box:

1222, D 73012 Göppingen

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.99

UK Pound

1

Rs.83.72

Euro

1

Rs.72.08

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.