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Report Date : |
18.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
LEISTRITZ PUMPEN
GMBH |
|
|
|
|
Registered Office : |
Markgrafenstr. 29/39, D 90459 Nürnberg, Post Box 30 41, D 90014
Nürnberg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
20.11.2000 |
|
|
|
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Com. Reg. No.: |
HRB 17819 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
Manufacturer of
pumps and compressors |
|
|
|
|
No of Employees : |
1.844 (Group) |
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 |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
LEISTRITZ
PUMPEN GMBH
Markgrafenstr. 29/39
D 90459 Nürnberg
Post Box: 30 41, D 90014 Nürnberg
Telephone: 0911/4306-0
Telefax: 0911/4306-439
Homepage: www.leistritz.com
E-mail: pumpen@leistritz.de
active
DE813089359
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 20.11.2000
Shareholders'
agreement: 20.11.2000
Registered on: 28.12.2000
Commercial Register: Local court 90402 Nürnberg
under:
HRB 17819
Share capital: EUR 2,500,000.00
LEISTRITZ Aktiengesellschaft
Markgrafenstr. 29/39
D 90459 Nürnberg
Legal form: Public limited company
Share capital: EUR 6,135,502.57
Share: EUR 2,500,000.00
Registered on: 05.12.1986
Reg. data: 90402 Nürnberg, HRB 7679
Control and profit transfer agreement
Heinz-Dieter Roß
D 94530 Auerbach
born: 22.10.1952
Profession: graduate engineer
Manager:
Christoph
Martin Böhnisch
D 80331 München
born: 03.03.1969
Profession: Fully qualified economic
Engineer
Götz-Rüdiger Müller
D 91166 Georgensgmünd
authorized to jointly represent the
company
born: 30.12.1958
Proxy:
Martin-Michael Tollkühn
D 63165 Mühlheim
authorized to
jointly represent the company
born: 14.09.1963
23.05.2012
- 06.02.2014 Manager
Dr.-Ing. Michael
Radke
D 71665 Vaihingen
23.07.2009 - 17.01.2013 Manager
Friedrich Sippel
D 90459 Nürnberg
20.03.2012 - 05.09.2012 Manager
Dr. Frank Nicklas
D 20095 Hamburg
08.08.2003
- 09.05.2012 Manager
Jörg Narewski
D 31552 Rodenberg
04.02.2009 - 06.03.2012 Manager
Michael Schauerte
D 90459 Nürnberg
Main industrial sector
28130
Manufacturer of pumps and compressors
Payment experience: cash discount/within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Markgrafenstr.
29/39
D 90459 Nürnberg
Land register documents were not
available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 90327
NÜRNBERG, MITTELFR
Sort. code: 76080040, Account no.:
102022500
BIC: DRESDEFF760, IBAN:
DE71760800400102022500
Further banks
COMMERZBANK, 90006 NÜRNBERG, MITTELFR
Sort. code: 76040061, Account no.: 5200167
BIC: COBADEFF760, IBAN:
DE28760400610520016700
DEUTSCHE BANK, 90101 NÜRNBERG, MITTELFR
Sort. code: 76070012, Account no.: 0524702
BIC: DEUTDEMM760, IBAN:
DE61760700120052470200
UNICREDIT BANK - HYPOVEREINSBANK, 90327
NÜRNBERG, MITTELFR
Sort. code: 76020070, Account no.: 3602400
BIC: HYVEDEMM460, IBAN:
DE62760200700003602400
Financial year: 01.01. - 31.12.
Share capital: EUR 2,500,000.00
The number of employees is not known.
Control and profit
transfer agreement to:
LEISTRITZ Aktiengesellschaft
Markgrafenstr. 29/39
D 90459
Nürnberg
The
company exercises the option not to publish its balance and is included in the
group accounts of Leistritz AG, Nürnberg.
Basic data of the group for 31.Dezember 2012
in Euro
Sales revenues 249.976.902
Staff
1.844
Loss for the financial year - 3.598.321
Receivables 34.370.537
Liabilities 64.129.892
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
UK Pound |
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
|
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.