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Report Date : |
08.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
GEA AIR TREATMENT GMBH |
|
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|
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Registered Office : |
Südstr. 48, D 44625 |
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Country : |
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Date of Incorporation : |
17.11.1998 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
·
Manufacture of Non-Domestic Cooling and
Ventilation Equipment ·
Wholesale of Plumbing and Heating Equipment and
Supplies |
|
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|
|
No. of Employees : |
17,750 |
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 : |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
GEA AIR TREATMENT GMBH
Company
Status: active
Südstr. 48
D 44625 Herne
Telephone:02325/468-00
Telefax:
02325/468-254
Homepage: www.gea-heatexchangers.com
E-mail:
heatexchangers@gea.com
VAT no.: DE812607836
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 17.11.1998
Shareholders'
agreement: 17.11.1998
Registered on: 28.12.1998
Commercial Register: Local court 44787 Bochum
under: HRB
9312
Share capital: EUR 64,751.00
Shareholder:
GEA Heat
Exchangers GmbH
Dorstener Str. 484
D 44809 Bochum
Legal form: Private
limited company
Share capital: EUR 5,172,100.00
Share: EUR 33,000.00
Registered on: 19.10.1994
Reg. data: 44787 Bochum,
HRB 9029
Shareholder:
GEA Group
Aktiengesellschaft
Peter-Müller-Str. 12
D 40468 Düsseldorf
Legal form: Public
limited company
Share capital: EUR
520,375,765.57
Share: EUR 31,751.00
Registered on:
25.05.2011
Reg. data: 40227
Düsseldorf, HRB 65691
Manager:
Christoph Michel
D 40468 Düsseldorf
born: 14.02.1971
Manager:
Michael Andersen
D 40210 Düsseldorf
born: 09.02.1968
Nationality: danish
Manager:
Marinus Johannes
Alphonsus van Rijsewijk
NL `s-Hertogenbosch
born: 09.03.1962
Nationality: Dutch
Proxy:
Heinrich Kurtenbach
Jägerweg 20
D 44577 Castrop-Rauxel
authorized to jointly
represent the company
born: 15.11.1949
Profession: Businessman
Proxy:
Thomas Horstmann
D 45470 Mülheim
authorized to jointly
represent the company
born: 30.04.1963
Profession: Businessman
Proxy:
Jens Rettig
D 36179 Bebra
authorized to jointly
represent the company
born: 21.07.1969
Proxy:
Jörg Hülsmann
D 44789 Bochum
authorized to jointly
represent the company
born: 07.11.1966
Profession: Businessman
Proxy:
Manfred Sauer-Kunze
Im Romberg 47
D 45657 Recklinghausen
authorized to jointly
represent the company
born: 29.08.1963
Proxy:
Martin Beisemann
D 44787 Bochum
authorized to jointly
represent the company
born: 29.11.1962
Proxy:
Özlem Akaslan
D 58239 Schwerte
authorized to jointly represent the
company
born: 12.09.1977
Proxy:
Roya Manavi
D 44787 Bochum
authorized to jointly
represent the company
born: 18.06.1982
Proxy:
Robert Zoitl
A Niederthalheim
authorized to jointly
represent the company
born: 04.04.1966
Nationality: Austrian
Proxy:
Michel Engelen
NL Spijkenisse
authorized to jointly
represent the company
born: 28.03.1972
Nationality: Dutch
Proxy:
Markus Häring
D 44787 Bochum
authorized to jointly
represent the company
born: 26.10.1977
Further functions/participations of Christoph
Michel (Manager)
Manager:
GEA Segment Management
Holding GmbH
Peter-Müller-Str. 12
D 40468 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 26,100.00
Registered
on: 14.06.2011
Reg. data: 40227 Düsseldorf, HRB 65800
Manager:
GEA Energietechnik
Anlagen- und
Betriebs-GmbH
Dorstener Str. 484
D 44809 Bochum
Legal form: Private
limited company
Share capital: EUR 1,025,000.00
Registered
on: 21.11.2002
Reg.
data: 44787 Bochum, HRB 7518
Manager:
GEA Heat Exchangers GmbH
Dorstener Str. 484
D 44809 Bochum
Legal form: Private
limited company
Share capital: EUR 5,172,100.00
Registered
on: 19.10.1994
Reg. data: 44787 Bochum, HRB 9029
Manager:
HX Holding GmbH
Dorstener Str. 484
D 44809 Bochum
Legal form: Private
limited company
Share capital: EUR 38,715.00
Registered
on: 24.10.2013
Reg. data: 44787 Bochum, HRB 14670
Member of the Board of Directors:
LL Plant Engineering AG
Daniel-Goldbach-Str. 19
D 40880 Ratingen
Post Box:
11 07 46
Legal form: Public
limited company
Share capital: EUR
39,880,766.73
Registered
on: 09.05.1986
Reg. data: 40227 Düsseldorf, HRB 20890
Proxy:
mg capital gmbh
Dorstener Str. 484
D 44809 Bochum
Legal form: Private
limited company
Share capital: EUR 312,000.00
Registered
on: 22.03.2006
Reg. data: 44787 Bochum, HRB 10743
Further functions/participations of Michael
Andersen (Manager)
Manager:
GEA Industriebeteiligungen
GmbH
Dorstener Str. 484
D 44809 Bochum
Legal form: Private
limited company
Share capital: EUR 436,000.00
Registered
on: 17.12.1974
Reg. data: 44787 Bochum, HRB 938
Manager:
GEA Heat Exchangers GmbH
Dorstener Str. 484
D 44809 Bochum
Legal form: Private
limited company
Share capital: EUR 5,172,100.00
Registered
on: 19.10.1994
Reg. data: 44787 Bochum, HRB 9029
Manager:
HX Holding GmbH
Dorstener Str. 484
D 44809 Bochum
Legal form: Private
limited company
Share capital: EUR 38,715.00
Registered
on: 24.10.2013
Reg. data: 44787 Bochum, HRB 14670
Further functions/participations of Marinus
Johannes Alphonsus
van Rijsewijk (Manager)
Manager:
GEA Air Treatment
Services GmbH
Dorstener Str. 484
D 44809 Bochum
Legal form: Private
limited company
dissolved
Share capital: EUR 25,000.00
Registered
on: 26.11.2002
Reg. data: 44787 Bochum, HRB 7526
17.11.1998 - 01.10.2010 GEA Air Treatment Marketing Services
International GmbH
Südstr. 48
D 44625 Herne
Private limited
company
Main industrial sector
28250 Manufacture
of non-domestic cooling and ventilation equipment
33190
Repair of other equipment
4322
Plumbing, heat and air-conditioning installation
46742
Wholesale of plumbing and heating equipment and supplies
Branch:
GEA Air
Treatment GmbH
Heinrich-Hertz-Str. 3
D 36179 Bebra
TEL.: 06622/5040
FAX.: 06622/50444
Reg. entry: 01.10.2010
Branch:
GEA Air
Treatment GmbH
Cicerostr. 22
D 10709 Berlin
TEL.: 030/435923
FAX.: 030/43592-522
General partner:
Initiativkreis Erdgas pro
Umwelt
Brüsseler Platz 1
D 45131 Essen
Legal form: Partnership
under the Civil Code
Company Status: active
Shareholder:
GEA Air Treatment
Production GmbH
Lüptitzer Str. 39
D 04808 Wurzen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,280,000.00
Share: EUR 1,280,000.00
Reg. data: 07.08.1990
Local court
04275 Leipzig
HRB 584
Shareholder:
GEA Industrial
Products GmbH
Dorstener Str. 484
D 44809 Bochum
Legal form: Private
limited company
Company Status: dissolved
since: 24.09.2010
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 18.12.2002
Local court
44787 Bochum
HRB 9142
Type of ownership: Tenant
Address Südstr. 48
D 44625 Herne
Land register documents were not available.
COMMERZBANK, 44701 BOCHUM
Sort.
code: 43040036
BIC: COBADEFFXXX
COMMERZBANK, 60005 FRANKFURT AM MAIN
Sort. code: 50040000
BIC: COBADEFFXXX
DEUTSCHE BANK, 45801 GELSENKIRCHEN
Sort. code: 42070062
BIC: DEUTDEDE420
DEUTSCHE BANK FILIALE, 60254 FRANKFURT AM MAIN
Sort. code: 50070010
BIC: DEUTDEFFXXX
HERNER SPARKASSE, 44621 HERNE, WESTF
Sort. code: 43250030
BIC: WELADED1HRN
Financial year: 01.01.
- 31.12.
Share capital: EUR 64,751.00
The number of employees is not known.
This company exercises the option not to
publish its balance sheet and is included in the consolidated financial
statement of GEA Group Aktiengesellschaft, Düsseldorf.
Basic data of the group GEA Group
Aktiengesellschaft until
31.12.2013:
Sales: 4.319.994.000 EUR
Staff: 17.750
Group result: 336.393.000 EUR
Trade and account 929.156.000 EUR
receivables:
Trade and account 646.529.000 EUR
payables:
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.103.42 |
|
Euro |
1 |
Rs.82.17 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.