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Report Date : |
01.04.2014 |
IDENTIFICATION DETAILS
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Name : |
HARTING DEUTSCHLAND GMBH & CO. KG |
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Registered Office : |
Simeonscarre 1, D 32423 Minden, Post Box: 24 51, D 32381 Minden |
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Country : |
Germany |
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Date of Incorporation : |
19.11.1998 |
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Com. Reg. No.: |
HRA 3030 |
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Legal Form : |
Ltd partnership with priv. ltd.
company as general partner |
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Line of Business : |
Wholesale of electronic and
telecommunications equipment and parts |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a
minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
HARTING DEUTSCHLAND GMBH & CO. KG
Company Status: active
Simeonscarre 1
D 32423 Minden
Post Box:
24 51, D 32381 Minden
Telephone:0571/8896-0
Telefax:
0571/8896-990604
Homepage: www.harting-deutschland.de
E-mail:
empfang@harting.com
VAT no.: DE198937516
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 19.11.1998
Registered on: 19.11.1998
Register of
companies: Local
court 32545 Bad Oeynhausen
under: HRA 3030
Total cap. contribution: EUR 25,000.00
Limited
partner:
HARTING KGaA
Marienwerder Str. 3
D 32339 Espelkamp
Legal form: Partnership
limited by shares
Share capital: EUR 1,030,515.00
Share: EUR 25,000.00
Registered on: 16.09.1996
Reg. data:
32545 Bad Oeynhausen, HRB 8809
General
partner:
HARTING Deutschland
Management GmbH
Simeonscarre 1
D 32423 Minden
Legal form: Private limited
company
Share capital: EUR 25,600.00
Registered on: 09.11.1998
Reg. data: 32545 Bad
Oeynhausen, HRB 4374
Shareholder:
HARTING KGaA
Marienwerder Str. 3
D 32339 Espelkamp
Legal form: Partnership
limited by shares
Share capital: EUR 1,030,515.00
Share: EUR 25,600.00
Registered on: 16.09.1996
Reg. data: 32545 Bad
Oeynhausen, HRB 8809
Manager:
Rüdiger Prill
D 68766 Hockenheim
authorized to jointly represent
the company
born: 22.11.1952
Profession: graduate
engineer
Manager:
Dr. Jörg Wissdorf
D 71723 Großbottwar
born: 04.03.1963
Manager:
Claus Kleedörfer
Robert-Koch-Str. 10
D 32369 Rahden
born: 14.04.1967
19.11.1998 - 16.05.2001 HARTING
Vertrieb für Steckverbinder und
Systemtechnik
GmbH & Co. KG
Lindenstr. 36
D 32423
Minden
Ltd partnership with priv.
ltd. company
as general partner
Main industrial sector
46520
Wholesale of electronic and telecommunications equipment and parts
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
Branch:
HARTING Deutschland GmbH & Co. KG
Ziehbrunnenstr. 14
D 86391 Stadtbergen
TEL.: 0821/2432930
Branch:
HARTING Deutschland GmbH
& Co. KG
Laßbrucher Str. 18a
D 32699 Extertal
TEL.: 05754/964155
Payment experience: cash
discount/within agreed terms
Negative information :We have no negative information at hand.
Type of ownership: Tenant
Address Simeonscarre 1
D 32423 Minden
Land register documents were not available.
Principal bank
SPARKASSE MINDEN-LÜBBECKE, 32382 MINDEN, WESTF
Sort. code: 49050101
BIC: WELADED1MIN
Further banks
COMMERZBANK, 32423 MINDEN, WESTF
Sort. code: 49040043
BIC: COBADEFF490
DEUTSCHE BANK, 32423 MINDEN, WESTF
Sort. code: 49070028
BIC: DEUTDE3B490
COMMERZBANK VORMALS DRESDNER BANK, 32379
MINDEN, WESTF
Sort. code: 49080025
BIC:
DRESDEFF491
Financial year: 01.10. - 30.09.
The number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.