MIRA INFORM REPORT

 

 

Report Date :

26.03.2013

 

IDENTIFICATION DETAILS

 

Name :

TRUMPF WERKZEUGMASCHINEN GMBH + CO. KG

 

 

Registered Office :

Johann-Maus-Str. 2, D 71254 Ditzingen

 

 

Country :

Germany

 

 

Date of Incorporation :

29.12.2000

 

 

Com. Reg. No.:

HRA 202772

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Manufacturer of other machine tools

 

 

No. of Employees :

1705

 

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 :

Usually Correct 

 

 

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


Company name

 

TRUMPF Werkzeugmaschinen GmbH + Co. KG

 

 

Company address

 

Johann-Maus-Str. 2

D 71254 Ditzingen

Telephone:        07156/303-0

Telefax:            07156/303-309

Homepage:       www.trumpf.com

E-mail:              info@de.trumpf.com

 

 

Company Status

 

active

 

 

VAT no

 

DE813103015

 

 

CONCLUSION

 

Business relations are permissible.

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as general partner

Registered on:              29.12.2000

Register of

companies:                   Local court 70190 Stuttgart

under:                                       HRA 202772

Total cap. contribution:   EUR         30,000,000.00


Limited partner

 

TRUMPF GmbH + Co. KG

Johann-Maus-Str. 2

D 71254 Ditzingen

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR        137,750,000.00

contribution:

Share:             EUR         30,000,000.00

Registered on: 10.11.1972

Reg. data: 70190 Stuttgart, HRA 201460

 

 

General partner

 

TRUMPF Werkzeugmaschinen Beteiligungs GmbH

Johann-Maus-Str. 2

D 71254 Ditzingen

Legal form: Private limited company

Share capital:     EUR             50,000.00

Registered on: 01.02.2001

Reg. data: 70190 Stuttgart, HRB 206070

 

 

Shareholder

 

TRUMPF GmbH + Co. KG

Johann-Maus-Str. 2

D 71254 Ditzingen

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR        137,750,000.00

contribution:

Share:             EUR             50,000.00

Registered on: 10.11.1972

Reg. data: 70190 Stuttgart, HRA 201460

 

 

Manager

 

Dr. Mathias Kammüller

D 70839 Gerlingen

authorized to jointly represent the company

born: 16.04.1958

Profession: Engineer

 

Manager:

                      Dr. Gerhard Rübling

                      Landhausstr. 49/1

                      D 70825 Korntal-Münchingen

                      authorized to jointly represent the company

                      born: 07.05.1954

                      Profession: administration scientist

                      Marital status: married

 Manager:

                      Heinz-Jürgen Prokop

                      D 71277 Rutesheim

                      born: 04.05.1958

                      Nationality: Swiss

 Manager:

                      Reinhold Groß

                      D 71063 Sindelfingen

                      born: 23.12.1969

 

 

Proxy

 

Harald Völker

Panoramastr. 76

D 70839 Gerlingen

authorized to jointly represent the company

born: 03.09.1954

Profession: Fully qualified Economist

Marital status: unknown

 

Proxy:

                      Heinz-Jürgen Prokop

                      D 71277 Rutesheim

                      authorized to jointly represent the company

                      born: 04.05.1958

                      Nationality: Swiss

 Proxy:

                      Andreas Schulz

                      D 70839 Gerlingen

                      authorized to jointly represent the company

                      born: 24.02.1964

 Proxy:

                      Jens Hirschgänger

                      D 70173 Stuttgart

                      authorized to jointly represent the company

                      born: 31.03.1967

 Proxy:

                      Reinhold Groß

                      D 71063 Sindelfingen

                      authorized to jointly represent the company

                      born: 23.12.1969

 Proxy:

                      Werner Erlenmaier

                      D 70839 Gerlingen

                      authorized to jointly represent the company

                      born: 12.07.1952

 Proxy:

                      Steffen Braun

                      D 72501 Gammertingen

                      authorized to jointly represent the company

                      born: 11.08.1963

 Proxy:

                      Andreas Kettner-Reich

                      D 70173 Stuttgart

                      authorized to jointly represent the company

                      born: 09.08.1957

 Proxy:

                      Dr. Klaus Parey

                      D 75331 Engelsbrand

                      authorized to jointly represent the company

                      born: 07.05.1956

 Proxy:

                      Dr. Catharina Kriegbaum-Kling

                      D 71696 Möglingen

                      authorized to jointly represent the company

                      born: 04.05.1970

 Proxy:

                      Till Küppers

                      D 75382 Althengstett

                      authorized to jointly represent the company

                      born: 09.02.1975

 Proxy:

                      Astrid Oellerer

                      D 70173 Stuttgart

                      authorized to jointly represent the company

                      born: 29.12.1968

 

 

BUSINESS ACTIVITIES

 

Secondary industrial sector

·         28499   Manufacture of other machine tools n.e.c.

·         4651    Wholesale of computers, computer peripheral equipment and software

·         46620   Wholesale of machine tools

·         46741   Wholesale of tools and hardware

 

 

 

BRANCHES AND FACTORIES

 

Branch:

                      TRUMPF Werkzeugmaschinen GmbH + Co. KG -

                      Niederlassung -

                      Berthold-Leibinger-Str. 11

                      D 72513 Hettingen

                      TEL.: 07574/4010

                      FAX.: 07574/401130

Branch:

                      TRUMPF Werkzeugmaschinen GmbH +  Co KG.

                      *Geschäftsbereich Werkzeuge und Ersatzteile*

                      Hermann-Dreher-Str. 20

                      D 70839 Gerlingen

                      TEL.: 07156/303-6430

                      FAX.: 07156/303-1163

 

 

PARTICIPATIONS

 

 Limited partner:

                      TRUMPF Werkzeugmaschinen Deutschland

                      Vertrieb + Service GmbH + Co. KG

                      Johann-Maus-Str. 2

                      D 71254 Ditzingen

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR          5,100,000.00

                      contribution:

                      Share:             EUR          5,100,000.00

                      Reg. data:  27.03.2007

                                  Local court 70190 Stuttgart

                                  HRA 721126

 Shareholder:

                      TRUMPF Werkzeugmaschinen Deutschland

                      Vertrieb + Service Beteiligungs-GmbH

                      Johann-Maus-Str. 2

                      D 71254 Ditzingen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  26.03.2007

                                  Local court 70190 Stuttgart

                                  HRB 722509

 

 

FINANCIAL INFORMATION

 

Payment experience:     cash discount/within agreed terms

Negative information:    We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:        Tenant

Address                        Johann-Maus-Str. 2

                                    D 71254 Ditzingen

 

Land register documents were not available.

 

 

BANKERS

 

 Principal bank

BADEN-WÜRTTEMB.BANK/LANDESBANK BADEN-WÜRTTEMB., DITZINGEN

Sort. code: 60050101, BIC: SOLADEST600

 

 

FINANCIAL FIGURES

 

 Financial year:      01.07. - 30.06.

 Turnover:            2011/2012          EUR        267,685,000.00

 Equipment:                              EUR         11,935,000.00

 Ac/ts receivable:                       EUR         16,709,000.00

 Liabilities:                            EUR         27,962,000.00

 Employees:                                                  1,705

 

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.54.09

UK Pound

1

Rs.82.47

Euro

1

Rs.70.49

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.