|
Report Date : |
29.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
PAPIER-METTLER INH. MICHAEL METTLER E.K |
|
|
|
|
Registered Office : |
Hochwaldstr. 22, D 54497 Morbach |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
01.01.1957 |
|
|
|
|
Com. Reg. No.: |
HRA 20723 |
|
|
|
|
Legal Form : |
Sole proprietorship |
|
|
|
|
Line of Business : |
Manufacture of corrugated paper and paperboard and of containers
of paper and paperboard |
|
|
|
|
No. of Employees : |
1,211 |
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 |
PAPIER-METTLER INH. MICHAEL METTLER E.K.
Company Status: active
Hochwaldstr. 22
D 54497 Morbach
Telephone:06533/79-0
Telefax: 06533/79-1000
Homepage: www.papier-mettler.com
E-mail: email@papier-mettler.com
DE148168878
LEGAL FORM Sole
proprietorship
Date of foundation: 01.01.1957
Registered on: 15.09.1994
Register of
companies: Local
court 54516 Wittlich
under: HRA
20723
Proprietor
Martin
Michael Mettler
Auf
der Lüh
D 55743 Kirschweiler
born:
12.03.1960
Profession: Businessman
Marital status: married
Proxy:
Hans-Georg Mettler
D 54497
Morbach
born:
21.05.1934
Profession: Businessman
Marital status: married
Proxy:
Hermann Marx
D
54497 Morbach
Proxy:
Anna
Rose Weiskopf
Birkenfelder Str. 52
D
54497 Morbach
born:
12.06.1951
née:
Kempin
Profession: Businessman
Marital status: married
Proxy:
Karin
Mettler
D
54497 Morbach
having
sole power of representation
born:
02.02.1969
Profession: Businessman
Marital
status: married
Proxy:
Wiltrud Fring
D
54497 Morbach
having
sole power of representation
born:
05.03.1963
Profession: Businessman
Marital status: married
Proxy:
Willibrord Zender
Willibrordplatz 4a
D
54429 Waldweiler
having
sole power of representation
born:
15.03.1956
Profession: Businessman
Marital status: married
Further
functions/participations of Martin Michael Mettler
(Proprietor)
General partner:
Hans
Danner Papierwarenfabrik und
Kunststoffwerk GmbH & Co.
KG
Klingenhofstr. 51
D
90411 Nürnberg
Post
Box:
130255, D 90114 Nürnberg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 52,000.00
contribution:
Registered
on: 09.04.1937
Reg.
data: 90402 Nürnberg, HRA 2593
General partner:
NL
Verpackung GmbH & Co. KG
Ostermeedlandsweg 72-74
D
26789 Leer
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 100.00
contribution:
Registered
on:
15.08.2007
Reg.
data: 26603 Aurich, HRA 200475
General partner:
Schreyer Verpackungen GmbH & Co. KG
Senefelderstr. 5
D
72555 Metzingen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 24,900.00
contribution:
Registered
on: 25.11.2005
Reg.
data: 70190 Stuttgart, HRA 361072
Limited partner:
Hans
Danner Papierwarenfabrik und
Kunststoffwerk GmbH & Co. KG
Klingenhofstr. 51
D
90411 Nürnberg
Post
Box:
130255, D 90114 Nürnberg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 52,000.00
contribution:
Share: EUR 52,000.00
Registered
on: 09.04.1937
Reg. data: 90402 Nürnberg, HRA 2593
Limited partner:
Mettler Verpackungen GmbH & Co. KG
Hochwaldstr. 22
D
54497 Morbach
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 24,900.00
contribution:
Share: EUR 24,900.00
Registered
on: 04.07.2006
Reg.
data: 54516 Wittlich, HRA 40083
Limited partner:
Schreyer Verpackungen GmbH & Co. KG
Senefelderstr. 5
D
72555 Metzingen
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 24,900.00
contribution:
Share: EUR 24,900.00
Registered
on: 25.11.2005
Reg.
data: 70190 Stuttgart, HRA 361072
Shareholder:
Papier
Mettler International GmbH
Hochwaldstr. 22
D
54497 Morbach
Legal
form: Private limited company
Share
capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Registered
on: 21.09.1998
Reg.
data: 54516 Wittlich, HRB 21698
Shareholder:
Roland
Danner GmbH
Klingenhofstr.
51
D
90411 Nürnberg
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 30.03.1982
Reg.
data: 90402 Nürnberg, HRB 5572
Shareholder:
Mettler Verpackungen Verwaltungs GmbH
Hochwaldstr. 22
D 54497 Morbach
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 27.06.2006
Reg.
data: 54516 Wittlich, HRB 40190
Manager:
Roland
Danner GmbH
Klingenhofstr. 51
D
90411 Nürnberg
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Registered
on: 30.03.1982
Reg.
data: 90402 Nürnberg, HRB 5572
Manager:
Mettler Verpackungen Verwaltungs GmbH
Hochwaldstr. 22
D
54497 Morbach
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 27.06.2006
Reg.
data: 54516 Wittlich, HRB 40190
Manager:
RP
Verpackung GmbH
Barentsstr. 10
D
53881 Euskirchen
Post
Box:
1527,
D 53865 Euskirchen
Legal
form: Private limited company
Share
capital: EUR 1,000,000.00
Registered
on:
14.01.2003
Reg.
data: 53111 Bonn, HRB 12226
Manager:
SMI
GmbH
Senefelderstr. 15
D
72555 Metzingen
Legal
form: Private limited company
Share
capital: EUR 290,000.00
Registered
on: 25.04.2006
Reg.
data: 70190 Stuttgart, HRB 361494
Manager:
P. D.
Papiervertriebs-GmbH
Bismarckstr. 12
D
46397 Bocholt
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Registered
on: 28.03.1996
Reg.
data: 48653 Coesfeld, HRB 8492
Manager:
Mettler Packaging GmbH
Hochwaldstr. 22
D
54497 Morbach
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 25.08.1999
Reg.
data: 54516 Wittlich, HRB 21721
Manager:
Papier Mettler International GmbH
Hochwaldstr. 22
D
54497 Morbach
Legal
form: Private limited company
Share
capital: EUR 1,000,000.00
Registered
on: 21.09.1998
Reg.
data: 54516 Wittlich, HRB 21698
Manager:
NL
Verwaltungs GmbH
Ostermeedlandsweg 72-74
D 26789
Leer
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 16.07.2007
Reg.
data: 26603 Aurich, HRB 200453
01.01.1957 -
31.12.1994 Papier-Mettler Inh. Hans-Georg Mettler
Hochwaldstr. 15
D 54497 Morbach
Sole proprietorship
01.01.1995 - 01.01.1995 Papier-Mettler
Inh. Michael Mettler
Hochwaldstr. 22
D 54497 Morbach
Sole proprietorship
Main industrial sector
17210 Manufacture of corrugated paper and
paperboard and of
containers of paper and
paperboard
46186 Agents involved in the sale of paperboard,
paper,
stationery, office
supplies, giftware, advertising goods,
packings and wallpaper
Branch:
Papier-Mettler Inh. Michael Mettler e.K.
Hans-Georg-Mettler-Str. 8
D
54497 Morbach
TEL.:
06533/791441
Payment experience: cash discount/within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Hochwaldstr. 22
D 54497 Morbach
Value at selling
price: EUR 5,000,000.00
Type of ownership: proprietor
Share: 100.00 %
Address Gewerbepark Hunsrück-Mosel
D 54497 Morbach
Value at selling
price: EUR 10,000,000.00
Real Estate of: Martin Michael Mettler
Type of ownership: proprietor
Share: 100.00 %
Address Hochwaldstr. 24
D 54497 Morbach
Value at selling
price: EUR 1,000,000.00
Land register documents
were not available.
Principal bank
COMMERZBANK, TRIER
Sort. code: 58540035, BIC:
COBADEFF585
Further banks
COMMERZBANK, MAINZ A RHEIN
Sort. code: 55040022, BIC:
COBADEFF550
DEUTSCHE BANK,
BERNKASTEL-KUES
Sort. code: 58771242, BIC:
DEUTDE5M587
SPARKASSE MITTELMOSEL-EIFEL
MOSEL HUNSRÜCK, BERNKASTEL-KUES
Sort. code: 58751230, BIC:
MALADE51BKS
Financial year: 01.01. - 31.12.
Turnover: 2011 EUR 325,870,000.00
Ac/ts receivable: *EUR 13,926,500.00
Liabilities: *EUR 27,247,500.00
Employees:
1,211
The business figures marked
with an asterisk are estimates based on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.62.38 |
|
UK Pound |
1 |
Rs.101.80 |
|
Euro |
1 |
Rs.84.75 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.