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Report Date : |
08.07.2013 |
IDENTIFICATION DETAILS
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Name : |
FETTE GMBH |
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Registered Office : |
Grabauer
Str. 24 D 21493 Schwarzenbek Post Box11 80,
Schwarzenbek |
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Country : |
Germany |
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Date of Incorporation : |
01.02.1908 |
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Com. Reg. No.: |
HRB 48 SB |
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Legal Form : |
Private limited company |
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Line of Business : |
Activities of holding companies |
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No. of Employees : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
|
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 |
FETTE GMBH
Company Status: active
Grabauer
Str. 24
D 21493 Schwarzenbek
Post Box:
11 80,
Schwarzenbek
Telephone:04151/12-0
Telefax:
04151/12-510
E-mail: tablet@fette.com
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.02.1908
Shareholders'
agreement: 15.12.1971
Registered on: 30.12.1971
Commercial Register: Local court 23568 Lübeck
under: HRB
48 SB
Share capital: EUR 20,460,000.00
Shareholder:
LMT Leading Metalworking
Technologies GmbH &
Co. KG
Leitzstr. 2
D 73447 Oberkochen
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 3,035,928.00
contribution:
Share: EUR 20,460,000.00
Registered on: 28.12.1993
Reg. data: 89073 Ulm, HRA
500870
Profit transfer agreement
Manager:
Dr. Michael Heinrich
D 88212 Ravensburg
authorized to jointly
represent the company
born: 12.08.1951
Marital status: married
Manager:
Dr. Roland Hartmann
D 74626 Bretzfeld
authorized to jointly
represent the company
born: 05.01.1961
Profession: Businessman
Marital status: married
President of
the Supervisory Board:
Dr. Michael Heinrich
D 88212 Ravensburg
born: 12.08.1951
Marital status: married
Vice-president of the Supervisory Board:
Dr. Roland Hartmann
D 74626 Bretzfeld
born: 05.01.1961
Profession: Businessman
Marital status: married
Member of
the Supervisory Board:
Ute Berbüsse
Bismarckstr. 63b
D 21493 Schwarzenbek
Proxy:
Dirk Deisner
D 22926 Ahrensburg
authorized to jointly represent
the company
born: 18.02.1960
Profession: Businessman
Marital status: unknown
Further
functions/participations of Dr. Michael Heinrich
(Manager)
Manager:
LMT Leading Metalworking
Technologies
Verwaltungsgesellschaft
mbH
Heidenheimer Str. 84
D 73447 Oberkochen
Legal form: Private
limited company
Share capital: EUR 25,600.00
Registered
on: 26.10.1993
Reg. data: 89073 Ulm, HRB 500889
Member of
the Supervisory Board:
ZfW Zentrum für
Wirtschaftsethik
gemeinnützige
Gesellschaft mit beschränkter
Haftung
Kirchplatz 7
D 88250 Weingarten
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 03.06.2003
Reg. data: 89073 Ulm, HRB 552519
Liquidator:
Leitz Holding
Verwaltungsgesellschaft mbH
Leitzstr. 2
D 73447 Oberkochen
Legal form: Private
limited company in
liquidation
Share capital: EUR 25,000.00
Registered
on: 03.02.2005
Reg. data: 89073 Ulm, HRB 501605
Further
functions/participations of Dr. Roland Hartmann (Manager)
Manager:
RW Beteiligungen GmbH
Reinhold-Würth-Str. 12-17
D 74653 Künzelsau
Legal form: Private
limited company
dissolved
Share capital: EUR 1,200,000.00
Registered
on: 25.08.2004
Reg. data: 70190 Stuttgart, HRB 590777
Manager:
LMT Leading Metalworking
Technologies
Verwaltungsgesellschaft
mbH
Heidenheimer Str. 84
D 73447 Oberkochen
Legal form: Private
limited company
Share capital: EUR 25,600.00
Registered
on: 26.10.1993
Reg. data: 89073 Ulm, HRB 500889
21.05.2001 - 08.07.2002 Wilhelm
Fette GmbH
Grabauer
Str. 24
D 21493 Schwarzenbek
Private limited company
21.04.2009 - 18.01.2011 Manager
Matthias Rommel
D 72144 Dußlingen
10.02.2009 - 18.01.2011 Manager
Olaf Johannes Müller
D 20095 Hamburg
Main industrial sector
6420
Activities of holding companies
70101
Management of holding companies
9609
Other service activities n. e. c.
Limited
partner:
LMT Shared Services GmbH
& Co. KG
Grabauer Str. 24
D 21493 Schwarzenbek
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Company Status: active
Total cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Reg. data: 15.07.2009
Local court
23568 Lübeck
HRA 6010 HL
Limited
partner:
LMT Fette Werkzeugtechnik
GmbH & Co. KG
Grabauer Str. 24
D 21493 Schwarzenbek
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Reg. data: 18.02.2010
Local court
23568 Lübeck
HRA 6234 HL
Limited
partner:
Fette Compacting GmbH
& Co. KG
Grabauer Str. 24
D 21493 Schwarzenbek
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Company Status: dissolved
since: 07.05.2010
Total cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Reg. data: 15.02.2010
Local court
23568 Lübeck
HRA 6226 HL
Shareholder:
LMT Shared Services
Verwaltung GmbH
Grabauer Str. 24
D 21493 Schwarzenbek
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 30.06.2009
Local court
23568 Lübeck
HRB 9263 HL
Shareholder:
LMT Fette
Werkzeugtechnik Verwaltung GmbH
Grabauer Str. 24
D 21493 Schwarzenbek
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 30.06.2009
Local court
23568 Lübeck
HRB 9239 HL
Shareholder:
Fette Compacting GmbH
Grabauer Str. 24
D 21493 Schwarzenbek
Legal form: Private
limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 25,000.00
Reg. data: 10.07.2009
Local court
23568 Lübeck
HRB 9293 HL
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Grabauer
Str. 24
D 21493 Schwarzenbek
Value at selling price: EUR 5,421,000.00
Land register documents were not available.
Principal bank
DEUTSCHE BANK, LÜBECK
Sort. code: 23070710, BIC: DEUTDEHH222
Further
banks
COMMERZBANK, HAMBURG
Sort. code: 20040000, Account no.: 8411100,
BIC: COBADEHHXXX
COMMERZBANK VORMALS DRESDNER BANK, FRANKFURT
AM MAIN
Sort. code: 50080000, BIC: DRESDEFFXXX
HSH NORDBANK HAMBURG, KIEL, KIEL
Sort. code: 21050000, BIC: HSHNDEHHXXX
Financial year: 01.01.
- 31.12.
Turnover: 2011 EUR 270,000.00
2012 EUR 270,000.00
further business figures:
Share capital: EUR 20,460,000.00
Employees:
2
Profit
transfer agreement to:
LMT Leading Metalworking
Technologies GmbH &
Co. KG
Leitzstr. 2
D 73447 Oberkochen
The aforementioned business figures may
partly be estimated information based on average values in the line of
business.
This company is exempted from the obligation
to publish its balance for the business
year 2011 according to § 264 para. 3 HGB and is included in the consolidated
financial statement of the parent company “LMT Leading Metalworking
Technologies GmbH & Co. KG”.
The following figures refer to the group: in Euro
Total revenues:
289.271.913
Total assets: 235.098.491
Surplus of the group: 10.019.947
Receivables: 50.206.864
Liabilities: 235.098.491
Balance sheet profit: 0
Staff: 521
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.34 |
|
|
1 |
Rs.90.78 |
|
Euro |
1 |
Rs.77.81 |
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.