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Report Date : |
29.05.2013 |
IDENTIFICATION DETAILS
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Name : |
BAUER GEAR MOTOR GMBH |
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Registered Office : |
Eberhard-Bauer-Str.
36-60, D 73734 Esslingen, Post Box 10 02 08, D 73726 Esslingen |
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Country : |
Germany |
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Date of Incorporation : |
10.01.2011 |
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Com. Reg. No.: |
HRB 736269 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer of electric motors,
generators and transformators |
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No. of Employees : |
60 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
Bauer Gear Motor GmbH
Eberhard-Bauer-Str. 36-60
D 73734 Esslingen
Post Box:
10 02 08, D 73726 Esslingen
Telephone: 0711/3518-0
Telefax:
0711/3518381
Homepage: www.bauergears.com
E-mail:
info@bauergears.com
DE276650470
59330/13048
active
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 10.01.2011
Shareholders'
agreement: 10.01.2011
Registered on: 19.01.2011
Commercial Register: Local court 70190 Stuttgart
under: HRB
736269
Share capital: EUR 2,500,000.00
Altra Industrial Motion Netherlands B. V.
Naritaweg 165
NL 1043 Amsterdam
Legal form: Other legal form
Share: EUR 2,500,000.00
Karl-Peter Simon
Tulpenweg 6
D 67269 Grünstadt
having sole power of representation
born: 01.11.1955
Marital status: married
Manager:
Carl Christenson
USA - Scituate, Massachusetts
having sole power of representation
born: 30.06.1959
Nationality: USA
Manager:
Glenn Deegan
USA
Milton
having sole power of representation
born: 23.09.1966
Nationality: USA
Jens Gabel
D 72379 Hechingen
authorized to jointly represent the
company
born: 24.08.1967
Proxy:
Jürgen Pfeffer
D 71272 Renningen
authorized to jointly represent the
company
born: 05.07.1969
Further
functions/participations of Karl-Peter Simon (Manager)
Manager:
Bauer Gear Motor Europe
GmbH
Eberhard-Bauer-Str. 36-60
D 73734 Esslingen
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 13.04.2011
Reg. data: 70190 Stuttgart, HRB 737215
Further functions/participations
of Carl Christenson (Manager)
Manager:
Warner Electric Group
GmbH
Hatschekstr. 36
D 69126 Heidelberg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 08.09.2000
Reg. data: 68159 Mannheim, HRB 336584
Manager:
Warner Electric Verwaltungs
GmbH
Hatschekstr. 36
D 69126 Heidelberg
Legal form: Private
limited company
dissolved
Share capital: EUR 25,000.00
Registered
on: 30.08.2000
Reg. data: 68159 Mannheim, HRB 336589
Manager:
Stieber GmbH
Hatschekstr. 36
D 69126 Heidelberg
Legal form: Private
limited company
Share capital: EUR 500,000.00
Registered
on: 08.09.2000
Reg. data: 68159 Mannheim, HRB 336586
Further
functions/participations of Glenn Deegan (Manager)
Manager:
Bauer Gear Motor Europe
GmbH
Eberhard-Bauer-Str. 36-60
D 73734 Esslingen
Legal form: Private limited company
Share capital: EUR 50,000.00
Registered
on: 13.04.2011
Reg. data: 70190 Stuttgart, HRB 737215
19.01.2011 - 03.05.2011 Blitz S11-131 GmbH
D 70173 Stuttgart
Private limited
company
03.05.2011 - 17.05.2011 Blitz S11-131 GmbH (bis 17.05.2011)
D 73728 Esslingen
Private limited company
26.01.2011 - 14.03.2011 Manager
Katja Gogalla
D 80687 München
26.01.2011 - 14.03.2011 Manager
Randi Mette Selnes
D 80339 München
Main
industrial sector
2711
Manufacture of electric motors, generators and transformators
71121
Engineering activities in the field of technical overall planning
71122
Engineering activities in the field of technical sectoral planning
andengineering design
Shareholder:
Bauer Gear Motor Europe
GmbH
Eberhard-Bauer-Str. 36-60
D 73734 Esslingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 50,000.00
Reg. data: 13.04.2011
Local court
70190 Stuttgart
HRB 737215
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Eberhard-Bauer-Str.
36-60
D 73734 Esslingen
Real Estate of: Karl-Peter
Simon
Type of ownership: proprietor
Share: 100.00
%
Address Tulpenweg
6
D 67269 Grünstadt
Land register documents were not
available.
KREISSPARKASSE ESSLINGEN-NÜRTINGEN,
ESSLINGEN AM NECKAR
Sort. code: 61150020, Account no.:
101551300, BIC: ESSLDE66XXX
Financial year: 01.01. - 31.12.
Turnover: 2011 EUR 10,920,000.00
2012 EUR 10,920,000.00
further business figures:
Share capital: EUR 2,500,000.00
Equipment: EUR 480,000.00
Ac/ts receivable: EUR 559,500.00
Liabilities: EUR 460,000.00
Employees:
60
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.55.74 |
|
UK Pound |
1 |
Rs.84.17 |
|
Euro |
1 |
Rs.72.03 |
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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
|
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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.