|
Report Date : |
20.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
FREUDENBERG SEALING TECHNOLOGIES GMBH
& CO. KG |
|
|
|
|
Registered Office : |
Höhnerweg 2-4 D 69469 Weinheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
16.05.1995 |
|
|
|
|
Com. Reg. No.: |
HRA 430900 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd.
company as general partner |
|
|
|
|
Line of Business : |
Manufacture of other parts and
accessories for motor vehicles |
|
|
|
|
No. of Employees : |
470 |
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 |
FREUDENBERG SEALING TECHNOLOGIES GMBH
& CO. KG
Company Status: active
Höhnerweg 2-4
D 69469 Weinheim
Telephone:06201/806666
Telefax:
06201/886666
Homepage: www.freudenberg-ds.de
E-mail:
fds@freudenberg.de
VAT no.: DE811879378
Business relations are permissible.
The company is considered solvent for credits
within its scope of business.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Registered on: 16.05.1995
Register of
companies: Local
court 68159 Mannheim
under: HRA
430900
Total cap. contribution: EUR 9,010,000.00
Limited
partner:
Freudenberg & Co.
Kommanditgesellschaft
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Limited
partnership
Total cap. EUR 245,420,130.00
contribution:
Share: EUR 9,010,000.00
Registered on: 13.11.1990
Reg. data: 68159 Mannheim, HRA 431000
General
partner:
DS Verwaltungs-GmbH
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered on: 23.05.2005
Reg. data: 68159
Mannheim, HRB 433092
Shareholder:
Freudenberg & Co.
Kommanditgesellschaft
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Limited
partnership
Total cap. EUR 245,420,130.00
contribution:
Share: EUR 1,000,000.00
Registered on: 13.11.1990
Reg. data: 68159
Mannheim, HRA 431000
Manager:
Ludger Neuwinger-Heimes
Michael-Ende-Weg 7
D 68519 Viernheim
born: 12.06.1958
Profession: Businessman
Manager:
Claus Möhlenkamp
D 67433 Neustadt
born: 15.10.1965
Profession: Businessman
Marital status: married
Manager:
Dr. Arman Barimani
D 72469 Meßstetten
born: 25.10.1958
Marital status: unknown
Manager:
Dieter Schäfer
D 64625 Bensheim
born: 07.04.1956
Proxy:
Brigitte Fischer
D 69469 Weinheim
authorized to jointly
represent the company
born: 14.07.1956
Profession: Businessman
Marital status: married
Proxy:
Manfred Siefert
D 67134 Birkenheide
born: 17.10.1951
Marital
status: unknown
Proxy:
Volker Christ
D 65779 Kelkheim
authorized to jointly
represent the company
born: 07.11.1963
Proxy:
Dr. Jürgen Ruhnau
D 38118 Braunschweig
authorized to jointly
represent the company
born: 06.12.1965
Proxy:
Joachim Heinemann
Siedlungsstr. 10a
D 69517 Gorxheimertal
authorized to jointly
represent the company
born: 27.06.1955
Profession: Businessman
Marital status: married
Proxy:
Christian Reuter
D 64646 Heppenheim
authorized to jointly
represent the company
born: 24.02.1975
Proxy:
Dieter Schäfer
D 64625 Bensheim
authorized to jointly
represent the company
born: 07.04.1956
Proxy:
Hans Bruno Hänle
D 60308 Frankfurt
authorized to jointly
represent the company
born: 17.03.1971
Proxy:
Esther Maria Loidl
D 96450 Coburg
authorized to jointly
represent the company
born: 01.09.1972
Proxy:
Jürgen Michael Weiß
D 68542 Heddesheim
authorized to jointly
represent the company
born: 05.02.1966
Proxy:
Thomas Schäfer
D 76646 Bruchsal
authorized to jointly
represent the company
born: 29.11.1967
Proxy:
Rainer Bauer
D 67240 Bobenheim-Roxheim
authorized to jointly
represent the company
born: 05.09.1965
Proxy:
Dr. Eberhard Bock
Fichtenstr. 33
D 69509 Mörlenbach
authorized to jointly
represent the company
born: 18.03.1965
Proxy:
Georg Stawowy
D 69115 Heidelberg
authorized to jointly
represent the company
born: 06.04.1969
Proxy:
Michael Link
D 79713 Bad Säckingen
authorized to jointly
represent the company
born: 06.07.1971
Proxy:
Dr. Jan Chandra Gupta
Im Heimesgrund 16
D 69488 Birkenau
authorized to jointly
represent the company
born: 18.08.1967
Proxy:
Gunter Goldhahn
D 68519 Viernheim
authorized to jointly represent the company
born: 19.12.1952
Proxy:
Dr. Clemens Elliger
D 68526 Ladenburg
authorized to jointly
represent the company
born: 26.02.1976
Proxy:
Reinfried Wobbe
D 35457 Lollar
authorized to jointly
represent the company
born: 19.01.1969
Proxy:
Bernd Koch
D 34613
Schwalmstadt
authorized to jointly
represent the company
born: 19.05.1967
Proxy:
Gerhard Stumpf
D 68519 Viernheim
authorized to jointly
represent the company
born: 07.09.1949
Proxy:
Valentin Just
D 64711 Erbach
authorized to jointly
represent the company
born: 07.11.1972
Proxy:
Kurt Ziminski
D 69493 Hirschberg
authorized to jointly
represent the company
born: 17.11.1970
Proxy:
Isabell Katschmer
D 21107 Hamburg
authorized to jointly
represent the company
born: 05.03.1974
Proxy:
Wolfgang Albrecht
D 69488 Birkenau
authorized to jointly
represent the company
born: 17.12.1965
Proxy:
Ralf Schmid
D 67117 Limburgerhof
authorized to jointly
represent the company
born: 18.12.1964
Proxy:
José Caro Hernandez
D 64646 Heppenheim
authorized to jointly
represent the company
born: 01.10.1960
Proxy:
Joakim Fond
NL Rosmalen
authorized to jointly
represent the company
born: 02.12.1964
Nationality: Dutch
Proxy:
Filip Krulis
D 69115 Heidelberg
authorized to jointly
represent the company
born: 11.08.1970
Proxy:
Michael Scheuer
D 91085 Weisendorf
authorized to jointly represent
the company
born: 27.01.1974
Proxy:
Kyung-Mo Jung
D 79713 Bad Säckingen
authorized to jointly
represent the company
born: 15.04.1971
Proxy:
Johannes Nührenberg
D 10115 Berlin
authorized to jointly
represent the company
born: 30.04.1973
Proxy:
Dr. Dieter Thiel
D 64658 Fürth
authorized to jointly
represent the company
born: 20.02.1956
Proxy:
George Molchan
USA Canton
authorized to jointly
represent the company
born: 08.07.1963
Nationality: USA
16.05.1995 - 30.06.2005 Freudenberg Dichtungs- und
Schwingungstechnik KG
Höhnerweg 2-4
D 69469
Weinheim
Limited partnership
01.07.2005 - 02.05.2011 Freudenberg Dichtungs- und
Schwingungstechnik
GmbH & Co. KG
Höhnerweg 2-4
D 69469 Weinheim
Ltd partnership with
priv. ltd. company
as general partner
Main
industrial sector
2932
Manufacture of other parts and accessories for motor vehicles
46901
Non-specialized wholesale of raw materials and half-finished and
finished goods
Works:
Freudenberg Sealing
Technologies GmbH & Co.
KG
D 79733 Görwihl
TEL.: 07754/701-0
FAX.: 07754/701-66
Works:
Freudenberg Sealing
Technologies GmbH & Co.
KG
D 79395 Neuenburg
Works:
Freudenberg Sealing
Technologies GmbH & Co.
KG
Bahnhofstr. 18-20
D 64385 Reichelsheim
Works:
Freudenberg Sealing
Technologies GmbH & Co.
KG
Ascheröder Str. 57
D 34613 Schwalmstadt
TEL.: 06691-2080
FAX.: 06691-1750
Branch:
Freudenberg Sealing
Technologies GmbH & Co.
KG
Taunusstr. 36
D 80807 München
TEL.: 089/3563690
Branch:
Freudenberg Sealing
Technologies GmbH & Co.
KG
Boxhagener Str. 79-82
D 10245 Berlin
TEL.: 030/29370362
General
partner:
Integral Accumulator GmbH
& Co. KG
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 6,135,502.57
contribution:
Reg. data: 01.10.1998
Local court
68159 Mannheim
HRA 430966
General
partner:
Freudenberg Process Seals
GmbH & Co. KG
Lorscher Str. 13
D 69469 Weinheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 5,000.00
contribution:
Reg. data: 20.11.2008
Local court
68159 Mannheim
HRA 702041
General
partner:
Freudenberg DS Tooling Center GmbH &
Co. KG
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status:
active
Total cap. EUR 5,000.00
contribution:
Reg. data: 29.04.2010
Local court
68159 Mannheim
HRA
702932
Limited
partner:
Integral Accumulator GmbH
& Co. KG
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 6,135,502.57
contribution:
Share: EUR 4,596,718.53
Reg. data: 01.10.1998
Local court
68159 Mannheim
HRA 430966
Shareholder:
Merkel Freudenberg
Fluidtechnic GmbH
Industriestr. 64
D 21107 Hamburg
Post Box:
93 02 82
Legal form: Private
limited company
Company Status: active
Share capital: EUR 2,556,459.00
Share: EUR 2,556,459.00
Reg. data: 10.07.1963
Local court
20355 Hamburg
HRB 10224
Shareholder:
DS Holding-GmbH
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Reg. data: 03.12.2001
Local court
68159 Mannheim
HRB 432758
Shareholder:
Lederer GmbH
Im Sichert 2
D 74613 Öhringen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 55,630.00
Share: EUR 55,630.00
Reg. data: 25.02.1976
Local court
70190 Stuttgart
HRB 580182
Shareholder:
Corteco GmbH
Badener Str. 4
D 69493 Hirschberg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 35,600.00
Share: EUR 25,632.00
Reg. data: 11.12.1998
Local court
68159 Mannheim
HRB 432465
Shareholder:
Simrax GmbH
Gleitringdichtungen
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 15,000.00
Reg. data: 10.01.1977
Local court
68159 Mannheim
HRB 430788
Payment experience: cash
discount/within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Höhnerweg 2-4
D 69469 Weinheim
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, WEINHEIM,
BERGSTR
Sort. code: 67080050, BIC: DRESDEFF670
COMMERZBANK, WEINHEIM, BERGSTR
Sort.
code: 67040031, BIC: COBADEFF670
DEUTSCHE BANK, WEINHEIM, BERGSTR
Sort. code: 67070010, BIC: DEUTDESMXXX
Financial year: 01.01. - 31.12.
Turnover: 2011 EUR 91,650,000.00
2012 EUR 91,000,000.00
further business figures:
Equipment: EUR
2,820,000.00
Ac/ts receivable: EUR 10,340,000.00
Liabilities: EUR 17,860,000.00
Employees:
470
The aforementioned business figures may partly
be estimated information based on
average values in the line of business.
This company has decided to exercise the
option not to publish its annual
financial statement and is included in the annual consolidated financial
statement of Freudenberg & Co. Kommanditgesellschaft, Local Court Mannheim, HRA 431000.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.79 |
|
|
1 |
Rs.91.03 |
|
Euro |
1 |
Rs.78.52 |
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.