|
Report Date : |
21.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
CATERPILLAR GLOBAL MINING EUROPE GMBH |
|
|
|
|
Registered Office : |
Industriestr. 1, D 44534 Lünen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
01.01.1975 |
|
|
|
|
Com. Reg. No.: |
HRB 17120 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacturing of mining machinery |
|
|
|
|
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 |
Caterpillar Global Mining Europe GmbH
Industriestr. 1
D 44534 Lünen
Telephone: 02306/7090
Telefax: 02306/7091421
Homepage: www.mining.cat.com
E-mail: info@cat.com
Note:
Your inquiry: Bucyrus Europe GmbH Niederlassung Saarbrücken,
Innovationsring 7, D 66115 Saarbrücken
The subject of your inquiry
is a branch. We are reporting on the headquarters.
Business relations are permissible. The company is considered
solvent for credits within its scope of business.
LEGAL FORM Private limited company
Date of foundation: 1975
Registered on: 01.01.1975
Commercial Register: Local
court 44135 Dortmund
under: HRB
17120
Share capital: EUR 21,050,000.00
Caterpillar Global Mining Germany Holdings
GmbH
Industriestr. 1
D 44534 Lünen
Legal form: Private limited company
Share capital: EUR 50,000.00
Share: EUR 21,050,000.00
Registered on: 19.12.2007
Reg. data: 44135 Dortmund, HRB 20866
Control and profit transfer agreement
Martin Wetter
D 48317 Drensteinfurt
born: 09.07.1956
Marital status: married
Manager:
William S. Tate
USA - Pittsburg, Pennsylvania
Nationality: USA
Manager:
Ulrich Paschedag
D 59387 Ascheberg
having sole power of representation
born: 04.02.1958
Manager:
Dr. Ulrich Noll
D 40210 Düsseldorf
authorized to jointly represent the company
born: 28.10.1961
Manager:
Dean Elliott Rees
D 40210 Düsseldorf
authorized to jointly represent the company
born: 20.09.1964
Dr. rer. nat. Jürgen W. Stadelhofer
D 42781 Haan
Profession: Fully qualified chemist
Dr. Manfred Krüper
D 40211 Düsseldorf
Wolfgang Reisser
D 66287 Quierschied
authorized to jointly represent the company
born: 18.05.1957
Profession: Fully qualified merchant
Proxy:
Peter Burmann
D 44135 Dortmund
authorized to jointly represent the company
born: 18.09.1961
Profession: Fully qualified merchant
Proxy:
Jan Rohwer
Schwedter Str. 52
D 10435 Berlin
authorized to jointly represent the company
born: 25.11.1963
Profession: graduate engineer
Proxy:
Steffen Schliesing
D 66111 Saarbrücken
authorized to jointly represent the company
born: 03.10.1962
Proxy:
Christian Brinkmann
D 59505 Bad Sassendorf
authorized to jointly represent the company
born: 22.05.1968
Profession: Businessman
Proxy:
Wolfgang Embert
D 59071 Hamm
authorized to jointly represent the company
born: 07.12.1957
Proxy:
Volker Mäder
D 40764 Langenfeld
authorized to jointly represent the company
born: 06.06.1969
Proxy:
Dr. Torsten Bartsch
F Cessy
authorized to jointly represent the company
born: 21.08.1966
Proxy:
Eva Maria Jeuck
F Velbert
authorized to jointly represent the company
born: 18.01.1967
Nationality: French
Manager:
Caterpillar Global Mining Holdings GmbH
Industriestr. 1
D 44534 Lünen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 30.01.2008
Reg. data: 44135 Dortmund,
HRB 20958
Manager:
Caterpillar Global Mining HMS GmbH
Karl-Funke-Str. 36
D 44149 Dortmund
Legal form: Private limited company
Share capital: EUR 10,025,000.00
Registered
on: 16.10.2009
Reg. data: 44135 Dortmund,
HRB 22438
Manager:
Caterpillar Global Mining Germany Holdings
GmbH
Industriestr. 1
D 44534 Lünen
Legal form: Private limited company
Share capital: EUR 50,000.00
Registered
on: 19.12.2007
Reg. data: 44135 Dortmund,
HRB 20866
Manager:
Caterpillar Global Mining HMS GmbH
Karl-Funke-Str. 36
D 44149 Dortmund
Legal form: Private limited company
Share capital: EUR 10,025,000.00
Registered
on: 16.10.2009
Reg. data: 44135 Dortmund,
HRB 22438
Manager:
Caterpillar Global Mining Germany Holdings
GmbH
Industriestr. 1
D 44534 Lünen
Legal form: Private limited company
Share capital: EUR 50,000.00
Registered
on: 19.12.2007
Reg. data: 44135 Dortmund,
HRB 20866
01.01.1975 - 1998
Westfalia Finanzierungs- und
Investitionsgesellschaft mit
beschränkter Haftung
Industriestr. 1
D 44534 Lünen
Private limited company
1999 - 24.09.2001 DBT
Deutsche Bergbau-Technik GmbH
Industriestr. 1
D 44534 Lünen
Private limited company
25.09.2001 - 04.01.2008 DBT
GmbH
Industriestr. 1
D 44534 Lünen
Private limited company
04.01.2008 - 15.10.2009
Bucyrus DBT Europe GmbH
Industriestr. 1
D 44534 Lünen
Private limited company
16.10.2009 - 20.04.2012
Bucyrus Europe GmbH
Industriestr. 1
D 44534 Lünen
Private limited company
11.08.2011 - 24.11.2011
Manager
Heribert Bussmann
D 45968 Gladbeck
23.09.2009 - 06.10.2011
Manager
Dieter Geßner
D 66636 Tholey
01.04.2004 - 03.08.2011
Manager
Luis de Leon
USA Canonsburg
Sectors
28921 Manufacturing of
mining machinery
46693 Wholesale of other equipment and accessories
for
machinery and technical supplies
Works:
Caterpillar Global Mining Europe GmbH
Bornberg 97
D 42109 Wuppertal
TEL.: 0202/75901
FAX.: 0202/75904
Branch:
Caterpillar Global Mining Europe GmbH
Innovationsring 7
D 66115 Saarbrücken
Branch:
Caterpillar Global Mining Europe GmbH
Im Ruenfeld 1
D 59075 Hamm
TEL.: 02381/79990
FAX.: 02381/799933
Shareholder:
DPM Gesellschaft für deutschpolnischen
Maschinenhandel und Leasing GmbH
Industriestr. 1
D 44534 Lünen
Legal form: Private limited company
Company Status: in liquidation
since: 23.04.2012
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 18.02.1994
Local court 44135 Dortmund
HRB 17949
Payment experience: within
agreed terms
Negative information:We have no negative information at hand.
Balance sheet year: 2010
Type of ownership:
proprietor
Share: 100.00
%
Address
Industriestr. 1
D 44534 Lünen
Type of ownership:
proprietor
Share: 100.00
%
Address
Bornberg 94
D 42109 Wuppertal
Land register documents were not available.
Principal bank
COMMERZBANK, WUPPERTAL
Sort. code: 33040001, BIC: COBADEFF330
Further banks
COMMERZBANK, ESSEN, RUHR
Sort. code: 36040039, BIC: COBADEFF360
DZ BANK, FRANKFURT AM MAIN
Sort. code: 50060000, BIC: GENODE55XXX
UNICREDIT BANK - HYPOVEREINSBANK, DÜSSELDORF
Sort. code: 30220190, BIC: HYVEDEMM414
Turnover: 2011 EUR 490,000,000.00
Equipment: EUR 4,960,765.00
Ac/ts receivable: EUR 188,383,108.00
Liabilities: EUR 293,236,719.00
Employees:
1,228
Control and profit transfer agreement to:
Caterpillar Global Mining Germany Holdings
GmbH
Industriestr. 1
D 44534 Lünen
BALANCE SHEETS
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]:
26.86
Liquidity ratio:
0.54
Return on total capital [%]:
6.69
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]:
34.28
Liquidity ratio:
0.70
Return on total capital [%]:
9.57
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]:
21.48
Liquidity ratio:
0.68
Return on total capital [%]:
10.09
Balance sheet ratios 01.06.2007 - 31.12.2007
Equity ratio [%]:
16.11
Liquidity ratio:
0.93
Return on total capital [%]:
74.50
Equity ratio
The equity ratio indicates the portion of the equity as compared
to the total capital. The higher the equity ratio, the better the
economic stability (solvency) and thus the financial autonomy of
a company.
Liquidity ratio
The liquidity ratio shows the proportion between adjusted
receivables and net liabilities. The higher the ratio, the lower
the company's financial dependancy from external creditors.
Return on total capital
The return on total capital shows the efficiency and return on
the total capital employed in the company. The higher the return
on total capital, the more economically does the company work
with the invested capital.
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 580,979,320.63
Fixed assets EUR 73,017,205.14
Intangible assets EUR 6,643,773.27
Concessions, licences, rights EUR 326,756.00
Goodwill EUR 6,317,017.27
Tangible assets EUR 42,481,083.66
Land / similar rights EUR 19,576,897.27
Plant / machinery EUR 13,555,379.78
Other tangible assets / fixtures and
fittings EUR 4,960,765.47
Advance payments made / construction
in progress EUR 4,388,041.14
Financial assets EUR 23,892,348.21
Shares in participations /
subsidiaries and the like EUR 23,032,447.28
Shares in related companies EUR 23,032,446.77
Shares in investee companies EUR 0.51
Loans to participations /
subsidiaries and the like EUR 842,755.78
Loans to related companies EUR 842,755.78
Other loans EUR 17,145.15
Current assets EUR 507,353,877.74
Stocks EUR 315,289,003.82
Raw materials, consumables and
supplies EUR 16,376,151.06
Finished goods / work in progress EUR
278,880,104.39
Advance payments made EUR 20,032,748.37
Accounts receivable EUR 188,383,108.44
Trade debtors EUR 35,702,083.60
Amounts due from related companies EUR
147,488,954.26
Other debtors and assets EUR 5,192,070.58
Liquid means EUR 3,681,765.48
Remaining other assets EUR 608,237.75
Accruals (assets) EUR 608,237.75
LIABILITIES EUR 580,979,320.63
Shareholders' equity EUR 185,560,994.80
Capital EUR 21,050,000.00
Subscribed capital (share capital) EUR
21,050,000.00
Reserves EUR 156,155,380.61
Capital reserves EUR 156,155,380.61
Balance sheet profit/loss (+/-) EUR 8,355,614.19
Profit / loss brought forward EUR 8,355,614.19
Provisions EUR 102,181,606.42
Pension provisions and comparable
provisions EUR 58,837,694.00
Provisions for taxes EUR 105,727.08
Other / unspecified provisions EUR 43,238,185.34
Liabilities EUR 293,236,719.41
Other liabilities EUR 293,236,719.41
Trade creditors (for IAS incl. bills
of exchange) EUR 15,300,044.34
Liabilities from received advance
payments EUR 233,136,222.42
Liabililties due to related
companiesEUR 26,647,511.13
Unspecified other liabilities EUR 18,152,941.52
Guarantees and other commitments EUR 27,244,000.00
Guarantees / warranties EUR 27,244,000.00
Guarantees EUR 10,238,000.00
Warranties EUR 17,006,000.00
PROFIT AND LOSS ACCOUNT (cost-summary
method) according to Comm.
Code (HGB)
Sales EUR 345,295,712.65
Inventory change + own costs (+/-) EUR
53,585,153.89
Inventory change (+/-) EUR 53,532,194.63
Capitalised own costs EUR 52,959.26
Other operating income EUR 23,231,434.29
Cost of materials EUR 248,645,140.67
Raw materials and supplies, purchased
goods EUR 230,762,070.40
Purchased services EUR 17,883,070.27
Gross result (+/-) EUR 173,467,160.16
Staff expenses EUR 80,718,765.06
Wages and salaries EUR 66,687,863.85
Social security contributions and
expenses for pension plans and
benefits EUR 14,030,901.21
Total depreciation EUR 6,744,366.11
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 6,744,366.11
Other operating expenses EUR 42,614,399.06
Operating result from continuing
operations EUR 43,389,629.93
Interest result (+/-) EUR 4,324.00
Interest and similar income EUR 5,590,740.75
Interest and similar expenses EUR 5,586,416.75
Other financial result EUR 66,105.42
Income from securities and loans from
financial assets EUR 66,105.42
Financial result (+/-) EUR 70,429.42
Result from ordinary operations (+/-) EUR
43,460,059.35
Extraordinary expenses EUR 1,258,538.00
Extraordinary result (+/-) EUR -1,258,538.00
Expenses for transfer of profits to a
parent company EUR 35,166,586.59
Income tax / refund of income tax
(+/-)EUR -6,782,040.87
Other taxes / refund of taxes EUR -252,893.89
Tax (+/-) EUR -7,034,934.76
Annual surplus / annual deficit EUR 0.00
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 445,848,010.59
Fixed assets EUR 62,969,799.92
Intangible assets EUR 322,942.01
Concessions, licences, rights EUR 322,942.01
Tangible assets EUR 44,371,867.25
Land / similar rights EUR 20,410,528.48
Plant / machinery EUR 13,213,427.70
Other tangible assets / fixtures and
fittings EUR 5,241,663.93
Advance payments made / construction
in progress EUR 5,506,247.14
Financial assets EUR 18,274,990.66
Shares in participations /
subsidiaries and the like EUR 17,333,214.20
Shares in related companies EUR
17,333,213.69
Shares in investee companies EUR 0.51
Loans to participations /
subsidiaries and the like EUR 920,623.96
Loans to related companies EUR 920,623.96
Other loans EUR 21,152.50
Current assets EUR 382,324,030.54
Stocks EUR 244,896,195.49
Raw materials, consumables and
supplies EUR 18,810,786.51
Finished goods / work in progress EUR
225,347,909.76
Advance payments made EUR 737,499.22
Accounts receivable EUR 130,073,335.87
Trade debtors EUR 26,850,733.08
Amounts due from related companies EUR
99,661,157.59
Other debtors and assets EUR 3,561,445.20
Liquid means EUR 7,354,499.18
Remaining other assets EUR 554,180.13
Accruals (assets) EUR 554,180.13
LIABILITIES EUR 445,848,010.59
Shareholders' equity EUR 154,841,261.72
Capital EUR 21,050,000.00
Subscribed capital (share capital) EUR
21,050,000.00
Reserves EUR 125,435,647.53
Capital reserves EUR 125,435,647.53
Balance sheet profit/loss (+/-) EUR 8,355,614.19
Profit / loss brought forward EUR 8,355,614.19
Provisions EUR 101,608,987.72
Pension provisions and comparable
provisions EUR 56,918,381.00
Provisions for taxes EUR 96,330.43
Other / unspecified provisions EUR 44,594,276.29
Liabilities EUR 189,397,761.15
Other liabilities EUR 189,397,761.15
Trade creditors (for IAS incl. bills
of exchange) EUR 5,761,375.32
Liabilities from received advance
payments EUR 109,309,213.42
Liabililties due to related
companiesEUR 55,447,193.05
Unspecified other liabilities EUR 18,879,979.36
PROFIT AND LOSS ACCOUNT (cost-summary
method) according to Comm.
Code (HGB)
Sales EUR 425,739,313.14
Inventory change + own costs (+/-) EUR
41,521,758.50
Inventory change (+/-) EUR 41,519,503.85
Capitalised own costs EUR 2,254.65
Other operating income EUR 22,020,549.46
Cost of materials EUR 300,107,087.51
Raw materials and supplies, purchased
goods EUR 283,860,296.91
Purchased services EUR 16,246,790.60
Gross result (+/-) EUR 189,174,533.59
Staff expenses EUR 83,250,798.51
Wages and salaries EUR 68,343,208.56
Social security contributions and
expenses for pension plans and
benefits EUR 14,907,589.95
Total depreciation EUR 6,193,709.11
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 6,193,709.11
Other operating expenses EUR 43,734,426.17
Operating result from continuing
operations EUR 55,995,599.80
Result from participating interests
(+/-) EUR 743.37
Expenses / income from participations
EUR 743.37
Income from related companies EUR 743.37
Interest result (+/-) EUR 3,787,685.52
Interest and similar income EUR 5,075,863.22
Interest and similar expenses EUR 1,288,177.70
Other financial result EUR 146,107.71
Income from securities and loans from
financial assets EUR 146,107.71
Financial result (+/-) EUR 3,934,536.60
Result from ordinary operations (+/-) EUR
59,930,136.40
Extraordinary income EUR 241,797.20
Extraordinary result (+/-) EUR 241,797.20
Expenses for transfer of profits to a
parent company EUR 42,601,085.68
Income tax / refund of income tax
(+/-)EUR -17,334,465.28
Other taxes / refund of taxes EUR -236,382.64
Tax (+/-) EUR -17,570,847.92
Annual
surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.05 |
|
|
1 |
Rs.83.44 |
|
Euro |
1 |
Rs.72.53 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.