MIRA INFORM REPORT
|
Report Date : |
02.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
MUBEA
TELLERFEDERN GMBH |
|
|
|
|
Registered Office : |
Schlachtwiese
4 D 57439 Attendorn |
|
|
|
|
Country : |
Germany |
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Date of Incorporation : |
23.11.1992 |
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Com. Reg. No.: |
HRB 7058 |
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|
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Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
Wholesale
of iron ores, iron, steel and iron and steel semi-finished goods |
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No. of Employees : |
450 |
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 – 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 6.5% 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
Mubea Tellerfedern GmbH, D 57567 Daaden
The
subject of your inquiry is a branch. We are reporting on the headquarters.
Mubea Tellerfedern GmbH
Company Status: active
Schlachtwiese 4
D 57439 Attendorn
Telephone:02722/620
Telefax: 02722/629575
Homepage: www.mubea.com
E-mail: info@mubea.com
DE811171972
Business relations are permissible.
LEGAL FORM
Private limited company
Date of foundation: 23.11.1992
Shareholders'
agreement: 23.11.1992
Registered on: 15.01.1993
Commercial Register: Local court 57072 Siegen
under: HRB
7058
EUR 2,556,459.41
Muhr und Bender KG
Schlachtwiese 4
D 57439 Attendorn
Post Box:
3 60, D 57437 Attendorn
Legal form: Limited
partnership
Total cap. EUR 400,852.85
contribution:
Share: EUR 2,556,459.41
Registered on: 09.10.1920
Reg. data: 57072 Siegen,
HRA 7400
Control and profit
transfer agreement
Manager:
Dr.-Ing. Thomas Muhr
Mühlhardt 45
D 57439 Attendorn
having sole power of
representation
born: 17.06.1963
Profession: graduate
engineer
Manager:
Dr. Andreas Rinsdorf
D 57439 Attendorn
having sole power of representation
born: 10.06.1967
Marital status: married
Manager:
Bernfried Hesselmann
D 57482 Wenden
authorized to jointly
represent the company
born: 03.04.1963
Manager:
Helmut Simon
D 57439 Attendorn
born: 19.02.1966
Deputy-manager:
Martina Beckmann-Watson
An der Drehscheibe 1
D 50733 Köln
authorized to jointly
represent the company
née: Beckmann
Marital status: married
Proxy:
Dr. Jörgen Schulz
D 57627 Hachenburg
authorized to jointly
represent the company
born: 05.09.1970
FURTHER FUNCTIONS/PARTICIPATIONS OF
DR.-ING. THOMAS MUHR (MANAGER)
General partner:
Muhr und Bender KG
Schlachtwiese 4
D 57439 Attendorn
Post Box:
3 60, D 57437 Attendorn
Legal form: Limited
partnership
Total cap. EUR 400,852.85
contribution:
Registered
on: 09.10.1920
Reg. data: 57072 Siegen, HRA 7400
Limited
partner:
Dr.-Ing. Thomas Muhr
Vermögensverwaltungs-GmbH
& Co. KG
Mühlhardt 45
D 57439 Attendorn
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 65,900.00
contribution:
Share: EUR 65,800.00
Registered
on: 23.07.2008
Reg. data: 57072 Siegen, HRA 8262
Shareholder:
Dr.-Ing.
Thomas Muhr Verwaltungs- und
Beteiligungs-GmbH
Mühlhardt 45
D 57439 Attendorn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 24,900.00
Registered
on: 18.07.2008
Reg. data: 57072 Siegen, HRB 8625
Manager:
Mubea International GmbH
Schlachtwiese 4
D 57439 Attendorn
Legal form: Private
limited company
Share capital: EUR 2,279,000.00
Registered
on: 28.11.1986
Reg.
data: 57072 Siegen, HRB 6852
Manager:
Mubea Fahrwerksfedern GmbH
Schlachtwiese 4
D 57439 Attendorn
Legal form: Private limited company
Share capital: EUR 6,512,000.00
Registered
on: 25.04.1979
Reg. data: 57072 Siegen, HRB 6899
Manager:
Dr.-Ing. Thomas Muhr GmbH
Mühlhardt 45
D 57439 Attendorn
Legal form: Private
limited company
Share capital: EUR 658,000.00
Registered
on: 18.07.2008
Reg.
data: 57072 Siegen, HRB 8623
Manager:
Dr.-Ing. Thomas Muhr
Verwaltungs- und
Beteiligungs-GmbH
Mühlhardt 45
D 57439 Attendorn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 18.07.2008
Reg.
data: 57072 Siegen, HRB 8625
Manager:
Muhr und Bender
Maschinenbau GmbH
Schlachtwiese 4
D 57439 Attendorn
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 11.03.1964
Reg.
data: 57072 Siegen, HRB 6943
Manager:
Mubea Motorkomponenten
GmbH
Schlachtwiese 4
D 57439 Attendorn
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 15.11.2005
Reg. data: 57072 Siegen, HRB 7936
Manager:
Muhr und Bender
Verwaltungs-GmbH
Schlachtwiese 4
D 57439 Attendorn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 21.04.2008
Reg.
data: 57072 Siegen, HRB 8548
Manager:
Mubea
Fahrwerkstechnologien GmbH
Schlachtwiese 4
D 57439 Attendorn
Post Box:
2 09, D 57426 Attendorn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 27.11.2009
Reg.
data: 57072 Siegen, HRB 8998
Manager:
Mubea Tailor Rolled Blanks GmbH
Schlachtwiese 4
D 57439 Attendorn
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 23.06.2010
Reg.
data: 57072 Siegen, HRB 9199
Manager:
Mubea Aftermarket Services GmbH
Schlachtwiese 4
D 57439 Attendorn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 20.07.2010
Reg. data: 57072 Siegen, HRB 9210
FURTHER
FUNCTIONS/PARTICIPATIONS OF DR. ANDREAS RINSDORF
(MANAGER)
Manager:
Mubea Motorkomponenten
GmbH
Schlachtwiese 4
D 57439 Attendorn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 15.11.2005
Reg.
data: 57072 Siegen, HRB 7936
Proxy:
Muhr und Bender KG
Schlachtwiese 4
D 57439 Attendorn
Post Box:
3 60, D 57437
Attendorn
Legal form: Limited
partnership
Total cap. EUR 400,852.85
contribution:
Registered
on: 09.10.1920
Reg. data: 57072 Siegen, HRA 7400
FURTHER
FUNCTIONS/PARTICIPATIONS OF HELMUT SIMON (MANAGER)
Proxy:
Muhr und Bender KG
Schlachtwiese 4
D 57439 Attendorn
Post Box:
3 60, D 57437 Attendorn
Legal form: Limited
partnership
Total cap. EUR 400,852.85
contribution:
Registered
on: 09.10.1920
Reg. data: 57072 Siegen, HRA 7400
15.01.1993
- 16.03.2008 Mubea Tellerfedern und
Spannelemente
GmbH
Schlachtwiese 4
D 57439 Attendorn
Private limited
company
Main industrial sector
2550
Forging, pressing, stamping and roll-forming of metal; powder metallurgy
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods
Branch:
Mubea Tellerfedern GmbH
Im Kirdorf 34
D 57567 Daaden
TEL.: 02743/8060
FAX.: 02743/806200
Among others, the following companies belong
to the group:
Mubea Inc., Florence, Kentucky (USA)
IT
Spring Wire LLC, Florence, Kentucky (USA)
Mubea Mexico
Mubea do Brasil Ltda., Taubaté (Brazil)
Mubea
UK Ltd., Northampton (United Kingdom)
Mubea France S.A., Paris (France)
Mubea Engineering/Sistemi Molle S.A., Heiden
(Switzerland)
FM
Fabbrica Molle S.A., Bedano (Switzerland)
Muhr und Bender KG, Attendorn (Germany)
Mubea Tellerfedern und Spannelemente GmbH,
Daaden (Germany)
Muhr und Bender KG, Weitefeld (Germany)
Muhr und Bender KG, Weißensee (Germany)
Mubea spol. s.r.o., Zebràk (Czech
Republic)
MHZP Mubea Han·cké zelez·rny pruziny s.r.o.,
Prostejov (Czech
Republic)
Mubea Italia SPA, Melfi (Italy)
Mubea Korea
Mubea/Chou, Nagoya (Japan)
Mubea Iberia S.A. (Spain)
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Schlachtwiese 4
D 57439 Attendorn
Real Estate of: Dr.-Ing. Thomas Muhr
Type of ownership: part owner
Share: 50.00 %
Address Mühlhardt 45
D 57439 Attendorn
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, OLPE,
BIGGESEE
Sort. code: 46080010, BIC: DRESDEFF460
DEUTSCHE BANK, ATTENDORN
Sort. code: 46070090, BIC: DEUTDEDK460
SPARKASSE ATTENDORN-LENNESTADT-KIRCHHUNDEM,
ATTENDORN
Sort. code: 46251630, BIC: WELADED1ALK
Financial year: 01.01. - 31.12.
Turnover: 2011 EUR 116,000,000.00
2012 EUR 117,000,000.00
Expected turnover: EUR 117,500,000.00
further business figures:
Share capital: EUR 2,556,459.41
Equipment: EUR 4,500,000.00
Ac/ts receivable: EUR 21,150,000.00
Liabilities: EUR 20,700,000.00
Total numbers of vehicles: 4
- Passenger cars:
4
Employees:
450
Control and profit transfer agreement to:
Muhr
und Bender KG
Schlachtwiese 4
D 57439 Attendorn
Post Box:
3 60, D 57437 Attendorn
The
aforementioned business figures may partly be estimated
information based on average values in the line
of business.
This company does not have to publish its
balance according to § 264
HGB and is included in the consolidated
financial statement of the
group of Muhr und Bender KG in Attendorn.
Basic data of the group 2011:
Receivables: 210.501.745 Euro
Liabilities: 263.374.840 Euro
Sales revenue: 1.172.451.223 Euro
Staff: 6.149
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.14 |
|
|
1 |
Rs.90.05 |
|
Euro |
1 |
Rs.77.06 |
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.