MIRA
INFORM REPORT
|
Report Date : |
24.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
LAPP INSULATORS REDWITZ GMBH |
|
|
|
|
Registered Office : |
Bahnhofstr. 43 D 96257 Redwitz |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
02.05.2008 |
|
|
|
|
Com. Reg. No.: |
HRB 4460 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of other plastic products |
|
|
|
|
No. of Employees : |
Not Available |
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 – 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 |
|
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 6.5% in 2012. GDP contracted
5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7%
in 2012 - a reflection of low investment spending due to crisis-induced
uncertainty and the decreased demand for German exports from recession-stricken
periphery countries. Stimulus and stabilization efforts initiated in 2008 and
2009 and tax cuts introduced in Chancellor Angela MERKEL's second term
increased Germany's total budget deficit - including federal, state, and
municipal - to 4.1% in 2010, but slower spending and higher tax revenues
reduced the deficit to 0.8% in 2011. In 2012 Germany reached a budget surplus
of 0.1%. 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 though the target was already reached in 2012. By 2014, the federal
government wants to balance its budget. 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 electricity generating capacity and 46% of its
base-load electricity production.
|
Source
: CIA |
Company name and address
LAPP INSULATORS REDWITZ GMBH
Company Status: active
Bahnhofstr. 43
D 96257 Redwitz
Telephone:09574/81-0
Telefax:
09574/81-607
Homepage: www.lappinsulators.de
E-mail: pbesold@lappinsulators.de
CONCLUSION
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 02.05.2008
Shareholders'
agreement: 02.05.2008
Registered on: 20.05.2008
Commercial
Register: Local court 96450 Coburg
under: HRB
4460
Share capital: EUR 25,000.00
Shareholder:
Lapp Insulators GmbH
Bahnhofstr. 5
D 95632 Wunsiedel
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered on: 07.09.2000
Reg. data: 95030 Hof, HRB
3247
Profit transfer agreement
Manager:
Dr. Bernhard Kahl
D 95679 Waldershof
having sole power of
representation
born: 09.05.1962
Profession: Engineer
Manager:
Veronika Capek
Edlingerstr. 12
D 81543 München
having sole power of
representation
born: 06.12.1972
née: Pelikanova
Marital status: unknown
Proxy:
Klaus Rauch
D 96224 Burgkunstadt
authorized to jointly
represent the company
born: 10.02.1953
Proxy:
Peter Besold
D 95679 Waldershof
authorized to jointly
represent the company
born: 12.05.1962
Proxy:
Jens Seifert
D 95632 Wunsiedel
authorized to jointly
represent the company
born: 23.08.1967
Profession: graduate
engineer
Proxy:
Mike Zintl
D 95679 Waldershof
authorized to jointly
represent the company
born: 25.06.1966
Further functions/participations of Dr.
Bernhard Kahl (Manager)
Manager:
Lapp Insulators Alumina GmbH
Bahnhofstr. 43
D 96257 Redwitz
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 20.05.2008
Reg. data: 96450 Coburg, HRB 4459
Manager:
Crown Management
Beteiligungs-GmbH
Bahnhofstr. 5
D 95632 Wunsiedel
Legal form:
Private limited company
Share capital: EUR 25,000.00
Registered
on: 28.12.2011
Reg. data: 95030 Hof, HRB 4939
Manager:
Crown Management
Verwaltungs-GmbH
Bahnhofstr. 5
D 95632 Wunsiedel
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 28.12.2011
Reg. data: 95030 Hof, HRB 4940
Manager:
Lapp Insulators GmbH
Bahnhofstr. 5
D 95632 Wunsiedel
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.09.2000
Reg. data: 95030 Hof, HRB 3247
Manager:
Lapp Insulators Holding
GmbH
Bahnhofstr. 5
D 95632 Wunsiedel
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 15.11.2011
Reg. data: 95030 Hof, HRB 4923
Manager:
Lapp Insulators Americas
Holding GmbH
Bahnhofstr. 5
D 95632 Wunsiedel
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 15.11.2011
Reg. data: 95030 Hof, HRB 4922
Further functions/participations of Veronika
Capek (Manager)
Manager:
Lapp Insulators Alumina
GmbH
Bahnhofstr. 43
D 96257 Redwitz
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 20.05.2008
Reg. data: 96450 Coburg, HRB 4459
Manager:
Lapp Insulators GmbH
Bahnhofstr. 5
D 95632 Wunsiedel
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.09.2000
Reg. data: 95030 Hof, HRB 3247
Manager:
Lapp Insulators Holding
GmbH
Bahnhofstr. 5
D 95632 Wunsiedel
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 15.11.2011
Reg. data: 95030 Hof, HRB 4923
Manager:
Lapp Insulators Americas
Holding GmbH
Bahnhofstr. 5
D 95632 Wunsiedel
Legal form: Private
limited company
Share capital: EUR
25,000.00
Registered
on: 15.11.2011
Reg. data: 95030 Hof, HRB 4922
COMPANY HISTORY
07.05.2008 - 20.05.2008 Pyrrha
Sechsundzwanzigste
Vermögensverwaltungs-GmbH
(AG Frankfurt
a.M., HRB 82992)
Mainzer Landstr. 46
D 60325 Frankfurt
Private limited company
20.05.2008 - 17.02.2009 Argillon Insulators GmbH
Bahnhofstr. 43
D 96257 Redwitz
Private limited company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
22.11.2010 - 18.05.2011 Manager
Alexander
Großhäuser
D 52152 Simmerath
BUSINESS ACTIVITIES
Main industrial sector
2229
Manufacture of other plastic products
2349
Manufacture of other ceramic products
43299
Other construction installation n.e.c.
6420
Activities of holding companies
FINANCIAL INFORMATION
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
REAL ESTATE
Type of ownership: Tenant
Address Bahnhofstr.
43
D 96257 Redwitz
Land register documents were not available.
BANKERS
RAIFFEISEN-VOLKSBANK LICHTENFELS-ITZGRUND,
REDWITZ A.D.RODACH
Sort. code: 77091800, BIC: GENODEF1LIF
SPARKASSE COBURG-LICHTENFELS, REDWITZ A.D.RODACH
Sort. code: 78350000, BIC: BYLADEM1COB
FINANCIAL FIGURES
Financial year: 01.01.
- 31.12.
Share capital: EUR
25,000.00
The number of employees is not known.
Profit transfer agreement to:
Lapp Insulators
GmbH
Bahnhofstr. 5
D 95632 Wunsiedel
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
|
|
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.86 |
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.