|
Report Date : |
29.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
DECKEL
MAHO SEEBACH GMBH |
|
|
|
|
Registered Office : |
Neue
Str. 61 D 99846 Seebach Post
Box:101220 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
21.11.1994 |
|
|
|
|
Com. Reg. No.: |
HRB
403305 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Manufacture
of other general-purpose machinery |
|
|
|
|
No. of Employees : |
525 |
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 (31.03.2011) |
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
Deckel Maho Seebach GmbH
Company Status: active
Neue Str. 61
D 99846 Seebach
Post Box:
101220
Telephone:036929/8120
Telefax: 036929/812350
Homepage: www.deckel-maho.de
E-mail: info@deckel-maho.de
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 21.11.1994
Shareholders'
agreement: 21.11.1994
Registered on: 11.05.1995
Commercial Register: Local court 07745 Jena
under: HRB
403305
EUR 8,818,000.00
Gildemeister
Aktiengesellschaft
Gildemeisterstr. 60
D 33689 Bielefeld
Post Box:
11 03 51, D 33663
Bielefeld
Legal form: Public
limited company
Share capital: EUR
156,437,431.80
Share: EUR 8,818,000.00
Registered on: 22.08.1899
Reg. data: 33602
Bielefeld, HRB 7144
Control and profit transfer agreement
Manager:
Hans-Günter Dose
Neue Str. 16
D 99846 Seebach
born: 12.12.1954
Proxy:
Heiko Oschmann
Dorfstr. 41
D 99848 Wutha-Farnroda
authorized to jointly
represent the company
Profession: graduate
engineer
Proxy:
Andreas Schmidt
Langenhainer Str. 12
D 99891 Tabarz
authorized to jointly
represent the company
born: 29.09.1957
Proxy:
Antje Kunkies
D 33602 Bielefeld
authorized to
jointly represent the company
born: 07.04.1976
Main industrial sector
282
Manufacture of other general-purpose machinery
Secondary industrial sector
4662
Wholesale of machine tools
Branch:
Deckel Maho Seebach GmbH
Lausitzer Str. 7
D 82538 Geretsried
Payment experience: within agreed terms
Negative
information:We have no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Neue Str. 61
D 99846 Seebach
Land register documents were not available.
Principal bank
WARTBURG-SPARKASSE, EISENACH, THÜR
Sort. code: 84055050, BIC: HELADEF1WAK
Further banks
WARTBURG-SPARKASSE, SEEBACH B EISENACH, THÜR
Sort. code: 84055050, Account no.: 17841, BIC:
HELADEF1WAK
DEUTSCHE BANK, BIELEFELD
Sort. code: 48070020, BIC: DEUTDE3BXXX
LANDESBANK HESSEN-THÜR GIROZENTRALE ERFURT,
ERFURT
Sort. code: 82050000, Account no.: 3000001028,
BIC: HELADEFF820
LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE NL.
DÜSSELDORF,
DÜSSELDORF
Sort.
code: 30050000, Account no.: 426437, BIC: WELADEDDXXX
Financial year: 01.01. - 31.12.
Turnover: 2011 EUR 240,000,000.00
2012 EUR 300,000,000.00
Expected
turnover: EUR 260,000,000.00
further business figures:
Share capital: EUR 8,818,000.00
Equipment: EUR 6,000,000.00
Real
estate of the firm: EUR 17,000,000.00
Employees:
525
-
Trainees:
40
Control and profit transfer agreement to:
Gildemeister Aktiengesellschaft
Gildemeisterstr. 60
D 33689 Bielefeld
Post Box:
11 03 51, D 33663
Bielefeld
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.54.39 |
|
|
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
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.