|
Report Date : |
13.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
WELDING
GMBH & CO. KG |
|
|
|
|
Registered Office : |
Esplanade 39 D 20354 Hamburg
Post Box:30 58 40, D 20318 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Year of Incorporation : |
1955 |
|
|
|
|
Com. Reg. No.: |
HRA
61868 |
|
|
|
|
Legal Form : |
Ltd
partnership with priv. ltd. company as
general partner |
|
|
|
|
Line of Business : |
Wholesale
of pharmaceutical goods |
|
|
|
|
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 – 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 |
|
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
Welding GmbH & Co. KG
Company Status: active
Esplanade 39
D
20354 Hamburg
Post
Box:
30 58
40, D 20318 Hamburg
Telephone:040/35908-0
Telefax: 040/35908-251
Homepage: www.welding.eu
E-mail: mailbox@welding.eu
DE118950828
Business relations are
permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 1955
Registered on: 13.11.1959
Register of
companies: Local
court 20355 Hamburg
under: HRA 61868
EUR 16,000,000.00
John
Welding
Hochrad 44a
D
22605 Hamburg
born:
04.02.1956
Share: EUR 16,000,000.00
General partner:
Welding Verwaltungs-Gesellschaft mit
beschränkter Haftung
Esplanade 39
D
20354 Hamburg
Legal form: Private limited company
Share
capital: EUR 26,075.89
Registered on: 21.10.1959
Reg.
data: 20355 Hamburg, HRB 8949
Shareholder:
John
Welding
Hochrad 44a
D
22605 Hamburg
born:
04.02.1956
Share: EUR 26,075.89
Manager:
Dr.
Torsten Knecht
Willistr.
41
D
22299 Hamburg
having
sole power of representation
born:
11.12.1952
Profession: Fully qualified merchant
Manager:
Carsten Thomas Bahnsen
Barcastr. 18
D
22087 Hamburg
authorized to jointly represent the company
born:
05.06.1961
Manager:
Lars
Hallmayer
Isekai
1
D
20249 Hamburg
born:
31.10.1974
Proxy:
Frank
Enger
Semnonenweg 2
D
22455 Hamburg
authorized to jointly represent the company
born:
28.05.1967
Proxy:
Petra
Viergutz
D
21244 Buchholz
authorized to jointly represent the company
born:
13.07.1963
Proxy:
Angelika Halle
Hagenau 65
D
22089 Hamburg
authorized to jointly represent the company
born:
07.10.1959
Proxy:
Reinhard Kurowitsch
Pfahlweg 34b
D
25436 Tornesch
authorized to jointly represent the company
born:
21.03.1953
Marital status: unknown
Proxy:
Dr. Jens
Kemken
D
20354 Hamburg
authorized to jointly represent the company
born:
26.08.1960
Proxy:
Stephan Busche
D
21529 Kröppelshagen-Fahrendorf
authorized to jointly
represent the company
born:
14.10.1972
Proxy:
Dr.
Clemens Eduard Overlack
D
20354 Hamburg
authorized
to jointly represent the company
born:
04.12.1965
Proxy:
Ragnhild Katharina Ruth Lüder-Jürgens
D
21529 Kröppelshagen-Fahrendorf
authorized to jointly represent the company
born:
15.08.1950
née:
Jürgens
Proxy:
Ronald
Dux
D
20354 Hamburg
authorized to jointly represent the company
born: 24.08.1962
Proxy:
Birgit
Schultz
D
20354 Hamburg
authorized to jointly represent the company
born:
22.04.1969
13.11.1959 -
29.02.2004 Welding GmbH & Co. KG
Große Theaterstr. 50
D
20354 Hamburg
Ltd partnership with priv. ltd. company
as
general partner
Main
industrial sector
46461 Wholesale of pharmaceutical goods
46750 Wholesale of
chemical products
71200 Technical testing
and analysis
96090 Other service
activities n. e. c.
Branch:
Welding GmbH & Co. KG
Speicherstr. 59
D
60327 Frankfurt
TEL.:
069-590797
FAX.:
069/955277-21
Shareholder:
Welding Entwicklungsgesellschaft mbH
Esplanade 39
D
20354 Hamburg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 26,000.00
Share: EUR 26,000.00
Reg.
data: 10.06.1976
Local court 20355 Hamburg
HRB 18596
Shareholder:
NAXON Pharma
Trade GmbH
Esplanade 39
D
20354 Hamburg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,564.59
Share: EUR 25,564.59
Reg.
data: 06.08.1984
Local court 20355 Hamburg
HRB 32932
Shareholder:
Welding (Middle East) GmbH
Esplanade 39
D
20354 Hamburg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 51,129.18
Share: EUR 25,564.59
Reg.
data: 02.05.1983
Local court 20355 Hamburg
HRB 30852
Payment experience: within
agreed terms
Negative information:We
have no negative information at hand.
Type of ownership: Tenant
Address Esplanade 39
D
20354 Hamburg
Land register documents were
not available.
Principal bank
BANKHAUS LAMPE, HAMBURG
Sort. code: 48020151, BIC:
LAMPDEDDXXX
Further banks
BERENBERG, JOH. - GOSSLER
& CO, HAMBURG
Sort. code: 20120000, BIC:
BEGODEHHXXX
COMMERZBANK, HAMBURG
Sort. code: 20040000, BIC:
COBADEHHXXX
DEUTSCHE BANK, HAMBURG
Sort. code: 20070000, BIC:
DEUTDEHHXXX
COMMERZBANK VORMALS
DRESDNER BANK, HAMBURG
Sort. code: 20080000, BIC:
DRESDEFF200
Financial year: 01.04. - 31.03.
Turnover: 2010/2011 EUR 250,000,000.00
Equipment: EUR 844,000.00
Ac/ts receivable: EUR 1,312,500.00
Liabilities: EUR 3,312,500.00
Total numbers of vehicles: 25
-
Passenger cars:
25
The
number of employees is not known.
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.59.89 |
|
|
1 |
Rs.90.88 |
|
Euro |
1 |
Rs.78.32 |
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.