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Report Date : |
04.07.2013 |
IDENTIFICATION DETAILS
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Name : |
GEA WESTFALIA SEPARATOR GROUP GMBH |
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Registered Office : |
Werner-Habig-Str. 1, D 59302 Oelde |
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Country : |
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Date of Incorporation : |
16.12.1997 |
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Com. Reg. No.: |
HRB 7223 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer of other general-purpose machinery |
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No. of Employees : |
42 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
GEA Westfalia Separator Group GmbH
Werner-Habig-Str. 1
D 59302 Oelde
Telephone:02522/770
Telefax: 02522/77289
Homepage: www.westfalia-separator.com
E-mail: ws.info@geagroup.com
Company Status: active
LEGAL FORM Private limited company
Date of foundation: 1997
Begin of business
activities: 1997
Shareholders'
agreement: 11.12.1997
Registered on: 16.12.1997
Commercial Register: Local court 48149 Münster
under: HRB 7223
Share capital: EUR 10,006,000.00
GEA Mechanical Equipment GmbH
Werner-Habig-Str. 1
D 59302 Oelde
Post Box:
37 20
Legal form: Private limited company
Share capital: EUR 65,411,600.00
Share: EUR 10,006,000.00
Registered on: 16.08.1899
Reg. data: 48149 Münster, HRB 6927
Bernd Huber
D 59063 Hamm
born: 23.10.1958
Profession: Businessman
Manager:
Markus Josef Hüllmann
D 33378 Rheda-Wiedenbrück
authorized to jointly represent the company
born: 29.07.1968
Manager:
Jörg Timmermann
D 44135 Dortmund
born: 24.04.1971
Representative of the
Employees within the Supervisory Board:
Bernhard Scheffer
D 59302 Oelde
Johannes Döldissen
Kegelhofstr. 12
D 20251 Hamburg
authorized to jointly represent the company
born: 02.08.1965
Marital status: single
Proxy:
Thomas Pelzer
D 59302 Oelde
authorized to jointly represent the company
born: 21.06.1955
Proxy:
Ulrich Meier
Von-Bodelschwingh-Str. 11
D 59302 Oelde
authorized to jointly represent the company
born: 15.08.1953
Profession: Engineer
Property regime: Statutory matrimonial
property regime
Marital status: married
Proxy:
Wolfgang Horst
D 33378 Rheda-Wiedenbrück
authorized to jointly represent the company
born: 19.10.1956
Profession: graduate engineer
Proxy:
Stephan Schulte
D 59602 Rüthen
authorized to jointly represent the company
born: 03.07.1962
Profession: Fully qualified merchant
Proxy:
Dr. Frank Taetz
D 21388 Soderstorf
authorized to jointly represent the company
born: 17.04.1955
Profession: Businessman
Proxy:
Christof Koch
Schulstr. 3
D 56244 Freilingen
authorized to jointly represent the company
born: 12.12.1965
Profession: graduate engineer
Marital status: unknown
Proxy:
Jürgen Mackel
D 59302 Oelde
authorized to jointly represent the company
born: 21.03.1962
Proxy:
Dr. Rudolf Benesch
D 44135 Dortmund
authorized to jointly represent the company
born: 05.03.1962
Proxy:
Wilfried Mackel
D 59302 Oelde
authorized to jointly represent the company
born: 12.11.1957
Profession: graduate engineer
Proxy:
Heinrich Weweler
D 33449 Langenberg
authorized to jointly represent the company
born: 21.04.1966
Proxy:
Wolfgang Grzybek
D 50259 Pulheim
authorized to jointly represent the company
born: 06.04.1962
Proxy:
Dr. Stefan Pecoroni
D 59302 Oelde
authorized to jointly represent the company
born: 05.07.1965
Proxy:
Michael Hoheisel
D 33378 Rheda-Wiedenbrück
authorized to jointly represent the company
born: 13.02.1967
Proxy:
Klaus-Peter Eickhoff
D 33378 Rheda-Wiedenbrück
authorized to jointly represent the company
born: 02.05.1955
Profession: graduate engineer
Proxy:
Christian Frahm
D 33378 Rheda-Wiedenbrück
authorized to jointly represent the company
born: 02.10.1967
Proxy:
Steffen Bersch
D 48143 Münster
authorized to jointly represent the company
born: 12.06.1969
Proxy:
Michael Breitmeier
D 59302 Oelde
authorized to jointly represent the company
born: 30.12.1962
Proxy:
Bernd Lüking
D 33330 Gütersloh
authorized to jointly represent the company
born: 15.12.1964
Proxy:
Michael Norden
D 44575 Castrop-Rauxel
authorized to jointly represent the company
born: 19.12.1964
Proxy:
Thomas Perschke
D 59302 Oelde
authorized to jointly represent the company
born: 21.04.1967
Proxy:
Tobias Brinke
Konradstr. 6
D 59067 Hamm
authorized to jointly represent the company
born: 29.07.1977
Proxy:
Markus Fleuter
D 59320 Ennigerloh
authorized to jointly represent the company
born: 12.04.1968
Proxy:
Karel Wauters
D 25436 Uetersen
authorized to jointly represent the company
born: 12.05.1954
Proxy:
Ludger Reckmann
D 59302 Oelde
authorized to jointly represent the company
born: 28.06.1963
Proxy:
Stefan Heimann
D 59269 Beckum
authorized to jointly represent the company
born: 22.06.1979
Proxy:
Ann Cuylaerts
B Heide-Kalmthout
authorized to jointly represent the company
born: 23.10.1965
Nationality: Belgian
Proxy:
Peter Schmänk
D 59302 Oelde
authorized to jointly represent the company
Proxy:
Nick Fernkorn
Im Soestkamp 41
D 59269 Beckum
authorized to jointly represent the company
born: 12.02.1975
Proxy:
Dr. Bertram Melzig-Thiel
D 70173 Stuttgart
authorized to jointly represent the company
born: 11.05.1970
Proxy:
Joost Arnoud Vliegen
NL SB Neerijnen
authorized to jointly represent the company
born: 21.01.1973
Nationality: Dutch
Further functions/participations of Bernd
Huber (Manager)
Manager:
GEA Westfalia Separator Production GmbH
Werner-Habig-Str. 1
D 59302 Oelde
Legal form: Private limited company
dissolved
Share capital: EUR 5,005,000.00
Registered
on: 16.12.1997
Reg. data: 48149 Münster, HRB 7224
Manager:
GEA Mechanical Equipment GmbH
Werner-Habig-Str. 1
D 59302 Oelde
Post Box:
37 20
Legal form: Private limited company
Share capital: EUR 65,411,600.00
Registered
on: 16.08.1899
Reg. data: 48149 Münster, HRB 6927
Further functions/participations of Markus
Josef Hüllmann
(Manager)
Manager:
GEA Mechanical Equipment GmbH
Werner-Habig-Str. 1
D 59302 Oelde
Post Box:
37 20
Legal form: Private limited company
Share capital: EUR 65,411,600.00
Registered
on: 16.08.1899
Reg. data: 48149 Münster, HRB 6927
Further functions/participations of Jörg
Timmermann (Manager)
Manager:
GEA Mechanical Equipment GmbH
Werner-Habig-Str. 1
D 59302 Oelde
Post Box:
37 20
Legal form: Private limited company
Share capital: EUR 65,411,600.00
Registered
on: 16.08.1899
Reg. data: 48149 Münster, HRB 6927
Member of the Board
of Directors:
mg venture capital ag
Dorstener Str. 484
D 44809 Bochum
Legal form: Public limited company
Share capital: EUR 51,100.00
Registered
on: 20.03.2006
Reg. data: 44787 Bochum, HRB 10732
16.12.1997 - 15.01.1998 Westfalia Separator Food Technik GmbH
Werner-Habig-Str. 1
D 59302 Oelde
Private limited company
15.01.1998 - 31.12.2006 GEA Westfalia Separator Process GmbH
Werner-Habig-Str. 1
D 59302 Oelde
Private limited company
27.06.2005 - 21.12.2010 Manager
Thomas Pelzer
D 59302 Oelde
30.08.2010 - 03.12.2010 Manager
Oliver Fidorra
D 65479 Raunheim
Main industrial
sector
2829 Manufacture of other general-purpose machinery n.e.c.
28930 Manufacture of machinery for food, beverage and tobacco processing
46141 Agents involved in the sale of machines (except agricultural machineryand office machinery) and industrial supplies n.e.c.
4669 Wholesale of other machinery, equipment and supplies
Works:
GEA Westfalia Separator Group GmbH
Moschheimer Str. 1
D 56414 Niederahr
Branch:
GEA Westfalia Separator Group GmbH
Am Neuländer Gewerbepark 6
D 21079 Hamburg
TEL.: 040/5896500
FAX.: 040/7380585
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Werner-Habig-Str. 1
D 59302 Oelde
Land register documents were not available.
Principal bank
COMMERZBANK, OELDE, WESTF
Sort. code: 47840065, BIC: COBADEFF478
Further banks
SPARKASSE MÜNSTERLAND OST, OELDE, WESTF
Sort. code: 40050150, BIC: WELADED1MST
COMMERZBANK, GÜTERSLOH
Sort. code: 47840065, BIC: COBADEFF478
DEUTSCHE BANK, BIELEFELD
Sort. code: 48070020, BIC: DEUTDE3BXXX
COMMERZBANK VORMALS DRESDNER BANK, BIELEFELD
Sort. code: 48080020, BIC: DRESDEFF480
Financial year: 01.01. - 31.12.
Share capital: EUR 10,006,000.00
Equipment: EUR 336,000.00
Ac/ts
receivable:
EUR 609,000.00
Liabilities: EUR 1,134,000.00
Employees:
42
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.60.10 |
|
UK Pound |
1 |
Rs.91.07 |
|
Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
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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 |
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NB |
New Business |
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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.