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Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
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Name : |
NETZSCH - FEINMAHLTECHNIK GMBH |
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Registered Office : |
Sedanstr. 70, D 95100 Selb |
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Country : |
Germany |
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Date of Incorporation : |
28.11.1974 |
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Com. Reg. No.: |
HRB 451 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer
of machine tools for processing stones, concrete and other mineral substances |
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No. of Employees : |
276 |
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 : |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 6.0% 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.
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Source : CIA |
Netzsch - Feinmahltechnik GmbH
Sedanstr. 70
D 95100 Selb
Telephone:09287/797-0
Telefax:
09287/797-159
Homepage: www.netzsch-feinmahltechnik.de
E-mail:
info@nft.netzsch.com
DE811186572
258/197/01906
active
Business relations are permissible. The
company is considered solvent for credits within its scope of business.
LEGAL FORM Private
limited company
Date of foundation: 1974
Registered on: 28.11.1974
Commercial Register: Local court 95030 Hof
under: HRB
451
Share capital: EUR 8,200,000.00
Erich Netzsch GmbH & Co. Holding KG
Gebrüder-Netzsch-Str. 19
D 95100 Selb
Legal form: Ltd partnership with priv.
ltd.
company as general partner
Total cap. EUR 5,100,000.00
contribution:
Share: EUR 8,200,000.00
Registered on: 08.12.1932
Reg. data: 95030 Hof, HRA 404
Profit transfer agreement
Dimitrios Makrakis
D 95028 Hof
authorized to jointly represent the
company
born: 15.04.1970
Manager:
Udo Enderle
D 95615 Marktredwitz
born: 05.12.1957
Profession: graduate
engineer
Manager:
Roland Stöckert
D 95173 Schönwald
authorized to jointly
represent the company
born: 10.11.1958
Jürgen Baumann
D 95173 Schönwald
having sole power of representation
Proxy:
Wolfgang Stadlbauer
D 95199 Thierstein
authorized to jointly
represent the company
Proxy:
Gerhard Kolb
D 95111 Rehau
authorized to jointly represent the company
born: 09.01.1957
Profession: graduate
engineer
Proxy:
Theron Harbs
D 95100 Selb
authorized to jointly
represent the company
born: 07.05.1965
09.12.1993 - 30.04.2010 Manager
Thomas Netzsch
D 95100 Selb
Main
industrial sector
28491
Manufacture of machine tools for processing stones, concrete and
othermineral substances
28492
Manufacture of machine tools for processing other hard substances
Works:
Netzsch - Feinmahltechnik
GmbH
Mitterteicher Str. 3-7
D 95643 Tirschenreuth
TEL.: 09631/2344
Shareholder:
Netzsch Condux
Mahltechnik GmbH
Gebrüder-Netzsch-Str. 19
D 95100 Selb
Legal form: Private
limited company
Company Status: active
Share capital: EUR 2,300,000.00
Share: EUR 2,300,000.00
Reg. data: 02.06.1995
Local court
95030 Hof
HRB 2328
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Mitterteicher Str. 3-7
D 95643 Tirschenreuth
Size: 20,046.00 sq.m
Type of ownership: proprietor
Share: 100.00 %
Address Sedanstr. 70
D 95100 Selb
Size: 4,372.00 sq.m
Land register documents were not available.
Principal
bank
UNICREDIT BANK - HYPOVEREINSBANK, HOF,
SAALE
Sort. code: 78020070, BIC: HYVEDEMM424
Further
bank
COMMERZBANK HOF SAALE, HOF, SAALE
Sort. code: 78040081, BIC: COBADEFF780
Financial year: 01.07. - 30.06.
Turnover: 2010/2011 EUR 46,297,000.00
Share capital: EUR 8,200,000.00
Equipment: EUR 1,359,000.00
Ac/ts receivable: EUR 5,354,000.00
Liabilities: EUR 896,000.00
Real
estate of the firm:
EUR 1,901,000.00
Employees:
276
Profit transfer agreement to:
Erich Netzsch GmbH & Co. Holding KG
Gebrüder-Netzsch-Str. 19
D 95100 Selb
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.54.34 |
|
UK Pound |
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<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.