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Report Date : |
04.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
WOODWARD KEMPEN GMBH |
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|
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Registered Office : |
Krefelder Weg 47 D 47906 Kempen
Post Box: 10 07 55 |
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Country : |
Germany |
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Date of Incorporation : |
1969 |
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Com. Reg. No.: |
HRB 13089 |
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Legal Form : |
Private limited company |
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Line of Business : |
Manufacture of electric motors, generators and transformators |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – 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 |
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High |
B2 |
|
Very High |
C1 |
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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 |
WOODWARD KEMPEN GMBH
Company Status: active
Krefelder Weg 47
D 47906 Kempen
Post Box:
10 07 55
Telephone:02152/145-1
Telefax: 02152/145-200
Homepage: www.woodward.com
E-mail: info-kempen@woodward.com
VAT no.: DE120004960
Tax ID number: 115/5806/0222
LEGAL FORM Private limited company
Date of foundation: 1969
Shareholders'
agreement: 13.08.2010
Registered on: 24.08.2010
Commercial Register: Local
court 47798 Krefeld
under: HRB 13089
Share capital: EUR 100,000.00
Shareholder:
Woodward Aken
GmbH
Köthener
Chaussee 46
D 06385 Aken
Legal form:
Private limited company
Share
capital: EUR 1,022,583.76
Share: EUR 100,000.00
Registered
on: 10.08.1990
Reg. data:
39576 Stendal, HRB 10125
Profit
transfer agreement
Manager:
Gerhard
Albrecht Lauffer
Goldregenweg
40
D 70565
Stuttgart
having sole
power of representation
born:
01.12.1961
Profession:
graduate engineer
Marital
status: married
Manager:
Christiaan
Kochheim
D 70565
Stuttgart
having sole
power of representation
born:
04.02.1970
Manager:
Scott John
Nisbet
D 40210 Düsseldorf
having sole
power of representation
born:
24.05.1963
Proxy:
Ludger Rupp
D 47906
Kempen
authorized to
jointly represent the company
born:
26.02.1963
Proxy:
Thomas
Wojciechowski
D 47475
Kamp-Lintfort
authorized to
jointly represent the company
born:
04.09.1965
Proxy:
Carol Sue
Brungardt
D 70565
Stuttgart
having sole
power of representation
born:
09.03.1957
Further
functions/participations of Gerhard Albrecht Lauffer
(Manager) Limited
partner:
Lauffer GmbH
& Co. KG
Handwerkstr.
29
D 70565
Stuttgart
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 4,000.00
contribution:
Share: EUR 2,950.00
Registered
on: 30.10.2000
Reg. data: 70190 Stuttgart, HRA 13094
Shareholder:
Lauffer
Verwaltungs- und Beteiligungs GmbH
Gietmannstr.
15
D 70565
Stuttgart
Legal form:
Private limited company
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 17.11.1998
Reg.
data: 70190 Stuttgart, HRB 19615
Manager:
Lauffer
Verwaltungs- und Beteiligungs GmbH
Gietmannstr.
15
D 70565
Stuttgart
Legal form:
Private limited company
Share
capital: EUR
25,564.59
Registered
on: 17.11.1998
Reg.
data: 70190 Stuttgart, HRB 19615
Further
functions/participations of Christiaan Kochheim (Manager)
Manager:
Woodward Power Solutions GmbH
Krefelder Weg
47
D 47906
Kempen
Legal form:
Private limited company
Share
capital: EUR 25,100.00
Registered
on: 12.08.2008
Reg.
data: 47798 Krefeld, HRB 12060
Manager:
Woodward GmbH
Handwerkstr.
29
D 70565
Stuttgart
Legal form:
Private limited company
Share
capital: EUR 150,320.00
Registered
on: 26.07.1990
Reg.
data: 70190 Stuttgart, HRB 14131
12.02.1970 - 16.02.2007 SEG Schaltanlagen-Elektronik-Geräte
GmbH
& Co. KG
Krefelder Weg
47
D 47906
Kempen
Ltd
partnership with priv. ltd. company
as general partner
16.02.2007 - 24.08.2010 Woodward SEG GmbH & Co. KG
Krefelder Weg
47
D 47906
Kempen
Ltd
partnership with priv. ltd. company
as general partner
19.09.2011 - 12.03.2012 Manager
Richard
Janine Josef Nelen
USA Fort
Collins
30.08.2010 - 13.09.2011 Manager
Jürgen Ludwig
Schmitz
D 47918 Tönisvorst
Main industrial
sector
27110 Manufacture of electric
motors, generators and transformators
27120 Manufacture of electricity
distribution and control equipment
2790 Manufacture of other
electric equipment n.e.c.
46520 Wholesale of electronic
and telecommunications equipment and parts
Shareholder:
Woodward
Power Solutions GmbH
Krefelder Weg 47
D 47906
Kempen
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 25,100.00
Share: EUR 25,100.00
Reg.
data: 12.08.2008
Local court 47798 Krefeld
HRB 12060
Payment experience: within agreed terms
Negative information: We have
no negative information at hand.
Type of ownership: Tenant
Address Krefelder Weg 47
D 47906 Kempen
Land register documents were not available.
Principal bank
COMMERZBANK, DESSAU-ROßLAU
Sort. code: 81040000, Account no.: 5 050 737, BIC: COBADEFF810
Financial year: 01.01. - 31.12.
Share capital:
EUR 100,000.00
The number of employees is not known.
Profit transfer agreement to:
Woodward Aken GmbH
Köthener Chaussee 46
D 06385 Aken
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.95 |
|
|
1 |
Rs.83.80 |
|
Euro |
1 |
Rs.70.49 |
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.