MIRA INFORM REPORT

 

 

Report Date :

25.05.2013

 

IDENTIFICATION DETAILS

 

Name :

VIBRACOUSTIC GMBH & CO. KG

 

 

Registered Office :

Höhnerweg 2-4 D 69469 Weinheim

 

 

Country :

Germany

 

 

Date of Incorporation :

01.03.2000

 

 

Com. Reg. No.:

HRA 431029

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Manufacture of other parts and accessories for motor vehicles

 

 

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

 

VIBRACOUSTIC GMBH & CO. KG

 

 Company Status:           active

                                    Höhnerweg 2-4

                                    D 69469 Weinheim

                                    Telephone:06201/808808

                                    Telefax:  06201/888808

                                    Homepage: www.vibracoustic.de

                                    E-mail:   info@vibracoustic.de

 

 VAT no.:                      DE206716529

 Tax ID number:             47013/01451

 

 

 CONCLUSION

 

 Business relations are permissible. The company is considered  solvent for credits within its scope of business.

 

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

 Date of foundation:        01.03.2000

 Registered on:              05.04.2000

 Register of

 companies:                  Local court 68159 Mannheim

 under:                          HRA 431029

 

 Total cap. contribution:                EUR          2,000,000.00

 

 Limited partner:

                      Freudenberg & Co. Kommanditgesellschaft

                      Höhnerweg 2-4

                      D 69469 Weinheim

                      Legal form: Limited partnership

                      Total cap.         EUR        245,420,130.00

                      contribution:

                      Share:             EUR          2,000,000.00

                      Registered on: 13.11.1990

                      Reg. data: 68159 Mannheim, HRA 431000

 General partner:

                      Vibracoustic Germany Holding GmbH

                      Höhnerweg 2-4

                      D 69469 Weinheim

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered on: 05.09.2011

                      Reg. data: 68159 Mannheim, HRB 712697

 

 Shareholder:

                      TrelleborgVibracoustic GmbH

                      Höhnerweg 2-4

                      D 69469 Weinheim

                      Legal form: Private limited company

                      Share capital:     EUR            500,000.00

                      Share:             EUR             25,000.00

                      Registered on: 29.03.2000

                      Reg. data: 68159 Mannheim, HRB 432606

 Manager:

                      Norbert Georg Schebesta

                      D 64668 Rimbach

                      authorized to jointly represent the company

                      born: 05.09.1949

                      Profession: Businessman

                      Marital status: unknown

 Manager:

                      Hans-Jürgen Goslar

                      D 61250 Usingen

                      authorized to jointly represent the company

                      born: 28.11.1950

 Proxy:

                      Andreas Schmidt

                      D 69115 Heidelberg

                      authorized to jointly represent the company

                      born: 16.08.1964

 Proxy:

                      Thomas Schütz

                      D 65428 Rüsselsheim

                      authorized to jointly represent the company

                      born: 10.08.1961

 Proxy:

                      Stephan Gemm

                      D 74925 Epfenbach

                      authorized to jointly represent the company

                      born: 15.05.1969

                      Profession: Systems consultant

                      Marital status: unknown

 Proxy:

                      Hans-Jürgen Goslar

                      D 61250 Usingen

                      authorized to jointly represent the company

                      born: 28.11.1950

 Proxy:

                      Günther Schuberth

                      D 56291 Wiebelsheim

                      authorized to jointly represent the company

                      born: 23.02.1961

 Proxy:

                      Jörgen Scholl

                      D 56321 Rhens

                      authorized to jointly represent the company

                      born: 08.01.1965

 Proxy:

                      Andreas Schmidt

                      D 69115 Heidelberg

                      authorized to jointly represent the company

                      born: 16.08.1964

 Proxy:

                      Thomas Schütz

                      D 65428 Rüsselsheim

                      authorized to jointly represent the company

                      born: 10.08.1961

 Proxy:

                      Jürgen Noll

                      D 64625 Bensheim

                      authorized to jointly represent the company

                      born: 23.01.1968

 Proxy:

                      Andreas Henne

                      D 21635 Jork

                      authorized to jointly represent the company

                      born: 01.11.1963

 Proxy:

                      Jürgen Karl Semler

                      D 64521 Groß-Gerau

                      authorized to jointly represent the company

                      born: 21.03.1972

 Proxy:

                      Dr. Matthias Sckuhr

                      D 69488 Birkenau

                      authorized to jointly represent the company

                      born: 05.07.1968

 Proxy:

                      Wolfgang Koos

                      D 52159 Roetgen

                      authorized to jointly represent the company

                      born: 22.10.1966

 Proxy:

                      Dr. Holger Daners

                      D 69469 Weinheim

                      authorized to jointly represent the company

                      born: 24.02.1968

 Proxy:

                      Dr. Maria Lahaye-Geusen

                      D 40210 Düsseldorf

                      authorized to jointly represent the company

                      born: 14.04.1960

 Proxy:

                      Oliver Kothe

                      D 66333 Völklingen

                      authorized to jointly represent the company

                      born: 02.08.1964

 Proxy:

                      Bruno Carré

                      D 60306 Frankfurt

                      authorized to jointly represent the company

                      born: 07.01.1963

 Proxy:

                      Philippe Copie

                      F  Orvault

                      authorized to jointly represent the company

                      born: 09.09.1957

                      Nationality: French

 Proxy:

                      Jon Pecoraro

                      D 61440 Oberursel

                      authorized to jointly represent the company

                      born: 12.12.1965

 

 

 RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 09.01.2006 - 15.03.2012  General partner

                          TrelleborgVibracoustic GmbH

                          D 69469 Weinheim

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 29320   Manufacture of other parts and accessories for motor  vehicles

4669    Wholesale of other machinery, equipment and supplies

71122   Engineering activities in the field of technical sectoral  planning andengineering design

8230    Organisation of conventions and trade shows

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      Vibracoustic GmbH & Co. KG

                      Hörstener Str. 45/47

                      D 21079 Hamburg

                      TEL.: 040/41340

                      FAX.: 040/41341600

 Branch:

                      Vibracoustic GmbH & Co. KG

                      TecCenter 1

                      D 31162 Bad Salzdetfurth

                      TEL.: 05063-2750

 Branch:

                      Vibracoustic GmbH & Co. KG

                      Freudenbergstr. 1

                      D 79395 Neuenburg

                      TEL.: 07631/71-0

                      FAX.: 07631/71-512

 

 

FINANCIAL INFORMATION

 

 Payment experience:    in top condition

 

 Negative information:     We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Höhnerweg 2-4

                                    D 69469 Weinheim

 

 Real Estate of:              Vibracoustic Germany Holding GmbH

 Type of ownership:        Tenant

 Address                       Höhnerweg 2-4

                                    D 69469 Weinheim

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 COMMERZBANK VORMALS DRESDNER BANK, WEINHEIM, BERGSTR

 Sort. code: 67080050, Account no.: 0752180700, BIC: DRESDEFF670

 

 Further banks

 SPARKASSE RHEIN NECKAR NORD, WEINHEIM, BERGSTR

 Sort. code: 67050505, BIC: MANSDE66XXX

 COMMERZBANK, WEINHEIM, BERGSTR

 Sort. code: 67040031, BIC: COBADEFF670

 DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN, WEINHEIM, BERGSTR

 Sort. code: 67070024, BIC: DEUTDEDBMAN

 DEUTSCHE BANK, HAMBURG

 Sort. code: 20070000, Account no.: 6685911, BIC: DEUTDEHHXXX

 

 

 FINANCIAL FIGURES

 

 Financial year:                01.01. - 31.12.

 The number of employees is not known.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.61

UK Pound

1

Rs.83.98

Euro

1

Rs.71.94

 

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%)

 

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.