|
Report Date : |
15.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP ROTHE ERDE GMBH |
|
|
|
|
Registered Office : |
Tremoniastr. 5-11, D 44137 Dortmund |
|
|
|
|
Country : |
Germany |
|
|
|
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Date of Incorporation : |
1934 |
|
|
|
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Com. Reg. No.: |
HRB 10591 |
|
|
|
|
Legal Form : |
Private limited company |
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|
|
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Line of Business : |
Manufacture of bearings, gears, gearing and driving elements |
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|
|
|
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 |
THYSSENKRUPP ROTHE ERDE
GMBH
Company Status: active
Tremoniastr. 5-11
D 44137 Dortmund
Telephone:0231/186-0
Telefax: 0231/1862500
Homepage:
www.thyssenkrupp-rotheerde.com
E-mail: rotheerde@thyssenkrupp.com
DE811460194
LEGAL FORM Private
limited company
Date of foundation: 1934
Shareholders'
agreement: 22.02.1993
Registered on: 04.03.1993
Commercial Register: Local court 44135 Dortmund
under: HRB
10591
EUR 12,790,000.00
ThyssenKrupp
Technologies Beteiligungen GmbH
ThyssenKrupp Allee 1
D
45143 Essen
Legal
form: Private limited company
Share
capital: EUR 130,000,000.00
Share: EUR 10,232,000.00
Registered on: 29.10.2009
Reg.
data: 45130 Essen, HRB 21754
Shareholder:
Thyssen Stahl GmbH
ThyssenKrupp Allee 1
D
45143 Essen
Legal
form: Private limited company
Share
capital: EUR 935,146,600.00
Share: EUR 2,558,000.00
Registered
on: 25.03.2004
Reg.
data: 40227 Düsseldorf, HRB 49578
Manager:
Dr.rer.pol. Arno Schuppert
Wortbergrode 18
D
45149 Essen
born:
22.04.1957
Profession: Businessman
Marital status: married
Manager:
Winfried Schulte
D
59348 Lüdinghausen
born:
08.04.1964
Profession:
Fully qualified merchant
President of the
Supervisory Board:
Dr.
Karsten Kroos
Am
Thyssenhaus 1
D
45128 Essen
born:
28.09.1969
Profession:
Engineer
Vice-president of the
Supervisory Board:
Hans-Peter Breker
Am
Thyssenhaus 1
D
45128 Essen
born:
15.07.1947
Profession: Fully qualified Economist
Marital status: married
Member of the Supervisory
Board:
Ralph
Labonte
Francisco Riberas Mera
E Madrid
born:
06.08.1953
Profession: Businessman
Marital status: married
Member of the Supervisory
Board:
Ercan
Keles
Am
Thyssenhaus 1
D
45128 Essen
born: 20.02.1971
Profession: Fully qualified merchant
Member of the Supervisory
Board:
Helmut
Sailer
Tremoniastr. 5-11
D
44137 Dortmund
Member of the Supervisory
Board:
Christian Julius
Tremoniastr. 5-11
D
44137 Dortmund
Proxy:
Achim
Winterhalder
Lünerner Dorfstr. 25
D
59427 Unna
authorized to jointly represent the
company
born:
21.09.1957
Proxy:
Wolfgang Claus
D
59510 Lippetal
born:
20.11.1957
Proxy:
Oliver
Friedrich
D
50933 Köln
authorized to jointly represent the company
born:
19.04.1967
Proxy:
Christoph Liefländer
D
59494 Soest
authorized
to jointly represent the company
born:
08.05.1963
Proxy:
Henning Viebahn
D
45127 Essen
Proxy:
Peter
Küpper
D
44143 Dortmund
authorized to jointly represent the
company
born:
27.02.1967
Proxy:
Ulrich
Römer
D
42549 Velbert
authorized to jointly represent the company
born: 18.11.1965
Proxy:
Norbert Steinau
D
44137 Dortmund
authorized to jointly represent the company
born:
06.10.1960
Proxy:
Hans-Joachim Weber
D
44532 Lünen
authorized to jointly represent the company
born:
13.03.1953
Proxy:
Siegfried Stankewitz
D
44137 Dortmund
authorized to jointly represent the company
born:
12.01.1952
1934 - 25.03.1970 Eisenwerk
Rothe Erde GmbH
D 44145 Dortmund
Private limited company
25.03.1970 -
03.03.1993 Hoesch Rothe Erde-Schmiedag
Aktiengesellschaft
Tremoniastr. 5-11
D 44137 Dortmund
Public limited company
04.03.1993 -
04.07.1993 KAHADO Maschinenbau GmbH
Eberhardstr. 12
D 44145 Dortmund
Private limited company
05.07.1993 -
13.12.1996 Hoesch Rothe Erde GmbH
Tremoniastr.
5-11
D 44137 Dortmund
Private
limited company
14.12.1996 -
12.12.2012 Rothe Erde GmbH
Tremoniastr. 5-11
D 44137 Dortmund
Private limited company
RESIGNED ACTING PERSONS AND
SHAREHOLDERS
03.02.1997 -
12.07.2013 Manager
Dr. Johannes Wozniak
D
59555 Lippstadt
Main
industrial sector
2815 Manufacture of bearings, gears, gearing and
driving
elements
46721 Wholesale of iron ores, iron, steel and iron
and steel
semi-finished goods
Works:
ThyssenKrupp Rothe Erde GmbH Geschäftsstelle
Nord
Mühlenfeld 18
D
30853 Langenhagen
TEL.:
0511/72535690
Works:
ThyssenKrupp Rothe Erde GmbH Geschäftsstelle
Süd
Am
Ostkai 15
D
70327 Stuttgart
TEL.:
0711/32779190
Branch:
ThyssenKrupp Rothe Erde GmbH
Beckumer Str. 87
D
59555 Lippstadt
TEL.:
02941/7410
FAX.:
02941/7413320
Branch:
ThyssenKrupp Rothe Erde GmbH
Heegermühler Str. 64
D
16225 Eberswalde
TEL.: 03334/206400
FAX.:
03334/206490
Payment experience: cash discount/within agreed terms
Negative information: We
have no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Tremoniastr. 5-11
D
44137 Dortmund
Land register documents
were not available.
Principal bank
COMMERZBANK VORMALS
DRESDNER BANK, DORTMUND
Sort. code: 44080050,
Account no.: 107091500, BIC: DRESDEFF440
Further bank
DEUTSCHE BANK, DORTMUND
Sort. code: 44070050,
Account no.: 134913300, BIC: DEUTDEDE440
Financial year: 01.10. - 30.09.
Share capital: EUR 12,790,000.00
The
number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.61.30 |
|
UK Pound |
1 |
Rs.97.98 |
|
Euro |
1 |
Rs.83.14 |
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.