|
Report Date : |
06.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
OUTOKUMPU VDM GMBH |
|
|
|
|
Registered Office : |
Plettenberger Str. 2, D 58791 Werdohl, Post Box 18 20, D 58778
Werdohl |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
01.08.2011 |
|
|
|
|
Year of Establishments: |
1930 |
|
|
|
|
Com. Reg. No.: |
HRB 5327 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Treatment and coating of metals |
|
|
|
|
No. of Employees : |
1621 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 6.0% in 2011. GDP contracted 5.1% in
2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable
primarily to rebounding manufacturing orders and exports - increasingly outside
the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012,
a reflection of the worsening euro-zone financial crisis and the financial
burden it places on Germany as well as falling demand for German exports.
Domestic demand is therefore becoming a more significant driver of Germany's
economic expansion. Stimulus and stabilization efforts initiated in 2008 and
2009 and tax cuts introduced in Chancellor Angela MERKEL's second term
increased Germany's budget deficit to 3.3% in 2010, but slower spending and
higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3%
limit. 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. 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
energy and 46% of its base-load electrical production.
|
Source : CIA |
Outokumpu VDM
GmbH
Plettenberger Str. 2
D 58791 Werdohl
Post Box:
18 20, D 58778 Werdohl
Telephone:02392/550
Telefax: 02392/552217
Homepage: www.thyssenkrupp-vdm.com
E-mail: vdm@thyssenkrupp.com
Company Status: active
DE811151765
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1930
Registered on: 29.11.1991
Commercial Register: Local
court 58636 Iserlohn
under: HRB 5327
Share capital:
EUR 32,000,000.00
Outokumpu Nirosta GmbH
Oberschlesienstr. 16
D 47807 Krefeld
Legal form: Private limited company
Share capital: EUR 110,000,000.00
Share: EUR 32,000,000.00
Registered on: 06.07.2009
Reg. data: 47798 Krefeld, HRB 12511
Control and profit transfer agreement
Dr. Jürgen Paul Olbrich
Lerchenhain 92
D 48301 Nottuln
born: 28.03.1955
Profession: Chemist
Dr. Franz-Josef Wahlers
Lippkampstr. 14
D 44534 Lünen
born: 22.09.1952
Profession: Director
Marital status: married
Manager:
Ulrike
Meiritz
D
59174 Kamen
born:
07.01.1960
Clemens Iller
D 47798 Krefeld
born: 09.08.1960
Reinhard Florey
USA Mobile
born: 28.12.1965
Nationality: USA
Frank Brüggestrat
D 58452 Witten
born: 18.04.1963
Profession: Clerk
Member of the
Supervisory Board:
Ralf Springob
Wilhelmstr. 24
D 58762 Altena
Member of the Supervisory Board:
Christian
Tebroke
D
45127 Essen
born:
01.12.1974
Member of the Supervisory Board:
Ralf
Klose
D
58791 Werdohl
Marital status: unknown
Jan Bender
D 45128 Essen
authorized to jointly represent the company
born: 06.08.1968
Marital status: single
Proxy:
Hans-Peter Jäger
Margeritenstr. 14
D
58640 Iserlohn
authorized
to jointly represent the company
born:
04.03.1957
Proxy:
Dr.
Ralph Mast
D
44339 Dortmund
authorized to jointly represent the company
born: 12.06.1968
Proxy:
Mathias Voss
D
44267 Dortmund
authorized to jointly represent the company
born:
10.03.1961
Proxy:
Christian Dettmer
D 44229 Dortmund
authorized to jointly represent the company
born:
16.04.1955
Proxy:
Marcell Sehner
D
44339 Dortmund
authorized to jointly represent the company
born:
08.03.1970
Proxy:
Olaf
Kazmierski
D
35713 Eschenburg
authorized to jointly represent the company
born:
26.07.1960
Proxy:
Hanno
Gerich
D
57223 Kreuztal
authorized to jointly represent the company
born:
30.05.1963
Proxy:
Dietmar Paul
D
46519 Alpen
authorized to jointly represent the company
born:
16.06.1965
Proxy:
Rainer
Kochanski
D
58636 Iserlohn
authorized to jointly represent the company
born:
17.11.1956
Proxy:
Wim
Papke
D
45131 Essen
authorized to jointly represent the company
born:
16.04.1966
Proxy:
Stefan Claus
D
63776 Mömbris
authorized to jointly represent the company
born:
14.05.1964
Further functions/participations of Dr. Jürgen Paul Olbrich
(President of the Board of
Management)
Shareholder:
VCO
Management GmbH
Lerchenhain 92
D
48301 Nottuln
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 29.03.2005
Reg.
data: 48653 Coesfeld, HRB 9611
Manager:
ThyssenKrupp Titanium GmbH
Westendstr. 15
D
45143 Essen
Post
Box:
10 22
52, D 45117 Essen
Legal
form: Private limited company
dissolved
Share
capital: EUR 1,533,900.00
Registered
on: 29.09.1998
Reg.
data: 45130 Essen, HRB 13262
Manager:
VCO
Management GmbH
Lerchenhain 92
D
48301 Nottuln
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 29.03.2005
Reg.
data: 48653 Coesfeld, HRB 9611
Further
functions/participations of Dr. Franz-Josef Wahlers
(Manager)
Manager:
ThyssenKrupp Titanium GmbH
Westendstr. 15
D
45143 Essen
Post
Box:
10 22
52, D 45117 Essen
Legal
form: Private limited company
dissolved
Share
capital: EUR 1,533,900.00
Registered
on: 29.09.1998
Reg.
data: 45130 Essen, HRB 13262
1991 - 18.01.2013 ThyssenKrupp VDM GmbH
Plettenberger Str. 2
D
58791 Werdohl
Private limited company
20.02.2008 -
11.11.2011 Manager
Gerald Priegnitz
D 45127 Essen
Main industrial
sector
·
2561 Treatment and coating of metals
·
2599 Manufacture of other fabricated metal
products n.e.c.
·
46722 Wholesale of non-ferrous ores, metals and
metal semi-finished goods
Works:
Outokumpu VDM GmbH
Formerstr. 17
D
59425 Unna
TEL.:
02303/673-0
Works:
Outokumpu VDM GmbH
Kleffstr.
23
D
58762 Altena
Works:
Outokumpu VDM GmbH
Obere
Kaiserstr.
D
57078 Siegen
Works:
Outokumpu VDM GmbH
Westendstr. 15
D 45143 Essen
Branch:
Outokumpu VDM GmbH
Zeilweg 42
D
60439 Frankfurt
TEL.:
069/58020
FAX.:
069/5802109
Shareholder:
VDM-Unterstützungskasse Gesellschaft mit
beschränkter Haftung
Plettenberger Str. 2
D
58791 Werdohl
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,564.59
Share: EUR 25,564.59
Reg.
data: 11.01.1902
Local court 58636 Iserlohn
HRB 5100
Shareholder:
MOL
Katalysatortechnik GmbH
Fritz-Haber-Str. 9
D
06217 Merseburg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 77,050.00
Share: EUR 15,766.00
Reg.
data: 02.08.1995
Local court 39576
Stendal
HRB 209430
Shareholder:
Evidal
Schmöle Verwaltungsgesellschaft mbH
Carl-Benz-Str. 13
D
58706 Menden
Legal form: Private limited
company
Company Status: active
Share
capital: EUR 30,000.00
Share: EUR 15,000.00
Reg.
data: 24.03.2000
Local court 59821 Arnsberg
HRB 5192
Payment experience: taking
full advantage of periods as agreed upon
Negative information: We have no negative information at hand.
Balance sheet year: 2010/2011
Type of ownership: proprietor
Share: 100.00 %
Address Plettenberger Str. 2
D
58791 Werdohl
Land register documents
were not available.
Principal banks
COMMERZBANK, WERDOHL
Sort. code: 45840026,
Account no.: 6422450617, BIC: COBADEFF458
DEUTSCHE BANK PRIVAT UND
GESCHÄFTSKUNDEN, WERDOHL
Sort. code: 44570024,
Account no.: 2428563, BIC: DEUTDEDB445
Turnover: 2010/2011 EUR 1,115,051,000.00
2011/2012 EUR 1,116,500,000.00
further business figures:
Equipment: EUR 13,508,000.00
Ac/ts receivable: EUR 22,694,000.00
Liabilities: EUR 31,339,000.00
Employees:
1,621
Control and profit transfer agreement to:
Outokumpu Nirosta GmbH
Oberschlesienstr. 16
D
47807 Krefeld
Balance sheet ratios 01.10.2010 - 01.08.2011
Equity ratio [%]: 18.40
Liquidity ratio: 0.54
Return on total capital [%]: 0.97
Equity ratio
The equity ratio indicates the portion of the equity as compared
to the total capital. The higher the equity ratio, the better the
economic stability (solvency) and thus the financial autonomy of
a company.
Liquidity ratio
The liquidity ratio shows the proportion between adjusted
receivables and net liabilities. The higher the ratio, the lower
the company's financial dependancy from external creditors.
Return on total
capital
The return on total capital shows the efficiency and return on
the total capital employed in the company. The higher the return
on total capital, the more economically does the company work
with the invested capital.
Type
of balance
sheet: Company balance sheet
Financial year: 01.10.2010 - 01.08.2011
ASSETS EUR 594,727,000.00
Fixed assets
EUR 113,479,000.00
Intangible assets
EUR 1,242,000.00
Concessions, licences, rights
EUR 1,208,000.00
Advance payments for intang. assets
EUR 34,000.00
Tangible assets
EUR 109,970,000.00
Land / similar rights
EUR 49,201,000.00
Plant / machinery
EUR 46,598,000.00
Other tangible assets / fixtures and
fittings
EUR 11,455,000.00
Advance payments made / construction
in progress
EUR 2,716,000.00
Financial assets
EUR 2,267,000.00
Shares in participations /
subsidiaries and the like
EUR 2,145,000.00
Shares in related companies
EUR 2,129,000.00
Shares in investee companies
EUR 16,000.00
Other loans
EUR 122,000.00
Current assets
EUR 479,718,000.00
Stocks
EUR 277,746,000.00
Raw materials, consumables and
supplies
EUR 43,148,000.00
Finished goods / work in progress
EUR 235,289,000.00
Minus received advance payments for
orders / installments for stocks
EUR -691,000.00
Accounts receivable
EUR 201,859,000.00
Amounts due from shareholders
EUR 5,700,000.00
Trade debtors
EUR 75,639,000.00
Amounts due from related companies
EUR 116,949,000.00
Amounts due from investee companies
EUR 42,000.00
Other debtors and assets
EUR 3,529,000.00
Liquid means
EUR 113,000.00
Remaining other assets
EUR 1,530,000.00
Accruals (assets)
EUR 1,530,000.00
LIABILITIES EUR 594,727,000.00
Shareholders' equity
EUR 106,858,000.00
Capital
EUR 32,000,000.00
Subscribed capital (share capital)
EUR 32,000,000.00
Reserves
EUR 74,816,000.00
Capital reserves
EUR 66,326,000.00
Retained earnings / revenue reserves EUR 8,490,000.00
Balance sheet profit/loss (+/-)
EUR 42,000.00
Annual surplus / annual deficit
EUR 42,000.00
Provisions
EUR 113,950,000.00
Pension provisions and comparable
provisions
EUR 64,212,000.00
Provisions for taxes
EUR 35,000.00
Other / unspecified provisions
EUR 49,703,000.00
Liabilities EUR 373,919,000.00
Other liabilities
EUR 373,919,000.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 187,596,000.00
Liabilities due to shareholders
EUR 7,200,000.00
Liabililties due to related companiesEUR 160,612,000.00
Unspecified other liabilities
EUR 18,511,000.00
thereof liabilities from tax /
financial authorities EUR 4,500,000.00
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code
(HGB)
Sales
EUR 1,115,051,000.00
Manufacturing costs
EUR 1,036,200,000.00
Gross result on sales
EUR 78,851,000.00
Distribution costs
EUR 42,541,000.00
General administration expenses
EUR 18,226,000.00
Other operating income
EUR 4,934,000.00
Other operating expenses
EUR 4,806,000.00
Operating result from continuing
operations
EUR 18,212,000.00
Interest result (+/-)
EUR -10,179,000.00
Interest and similar income
EUR 412,000.00
thereof from related companies
EUR 191,000.00
Interest and similar expenses
EUR 10,591,000.00
thereof paid to related companies
EUR 5,386,000.00
Other
financial result EUR 3,000.00
Income from securities and loans from
financial assets
EUR 3,000.00
Financial result (+/-)
EUR -10,176,000.00
Result from ordinary operations (+/-)
EUR 8,036,000.00
Extraordinary expenses
EUR 849,000.00
Other extraordinary expenses
EUR 849,000.00
Extraordinary result (+/-)
EUR -849,000.00
Expenses for transfer of profits to a
parent company
EUR 4,841,000.00
Income tax / refund of income tax (+/-)EUR -2,304,000.00
Tax
(+/-)
EUR -2,304,000.00
Annual surplus / annual deficit
EUR 42,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.65 |
|
UK Pound |
1 |
Rs.82.66 |
|
Euro |
1 |
Rs.71.21 |
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 |
|
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.