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Report Date : |
12.08.2014 |
IDENTIFICATION DETAILS
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Name : |
GEA BISCHOFF GMBH |
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Registered Office : |
Ruhrallee 311, D 45136 |
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Country : |
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Date of Incorporation : |
1919 |
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Com. Reg. No.: |
HRB 10171 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of other general-purpose
machinery |
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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 |
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Status : |
Satisfactory |
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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 |
Company name and address
GEA BISCHOFF GMBH
Company Status: active
Ruhrallee 311
D 45136
Telephone:0201/8948-0
Telefax: 0201/8948-100
Homepage:
www.geabischoff.com
E-mail: gea-bischoff@gea.com
VAT no.: DE811481899
CONCLUSION
Business
relations are permissible.
Company
summary
LEGAL FORM Private
limited company
Date of foundation: 1919
Shareholders'
agreement: 07.09.1992
Registered on: 16.03.1993
Commercial Register: Local court 45130 Essen
under: HRB 10171
Share capital: EUR 2,556,500.00
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 2,556,500.00
Registered on: 25.05.2011
Reg. data: 40227 Düsseldorf, HRB 65691
Manager:
Dr. Thomas Falkenbach
Eduardstr. 7
D 45130 Essen
authorized to jointly
represent the company
Profession: Businessman
Manager:
Dr. Marcus Michel
D 87538 Fischen
born: 04.03.1966
Manager:
Andreas Palinski
D 40210 Düsseldorf
born: 15.02.1968
Proxy:
Wolfgang Wilhelm Schieren
Ruhrtalstr. 41
D 45239 Essen
authorized to jointly
represent the company
Profession: Businessman
Proxy:
Hans Windschmitt
D 63477 Maintal
authorized to jointly
represent the company
born: 10.03.1951
Proxy:
Heinrich Hermann Böcker
D 48653
Coesfeld
authorized to jointly
represent the company
born: 10.07.1953
Proxy:
Jens Lange
D 31275 Lehrte
authorized to jointly
represent the company
born: 21.03.1964
Further
functions/participations of Dr. Marcus Michel (Manager)
Manager:
BAMAG Waste to Energy
Germany GmbH
Zum Oberwerk 6
D 35510 Butzbach
Legal form: Private
limited company
insolvent
Share capital: EUR 25,000.00
Registered
on: 30.05.2011
Reg. data: 61169 Friedberg, HRB 7262
COMPANY HISTORY
16.03.1993 - 31.12.1995 LURGI BISCHOFF GMBH
Bonsiepen
13
D 45136 Essen
Private limited company
01.01.1996 - 29.01.1996 LURGI BISCHOFF GMBH
Ruhrallee 311
D 45136 Essen
Private limited company
29.01.1996 - 06.02.2008 LURGI
BISCHOFF GMBH (bis 06.02.2008)
Ruhrallee 311
D 45136 Essen
Private limited company
BUSINESS ACTIVITIES
Main
industrial sector
28290
Manufacture of other general-purpose machinery
370
Sewerage
BRANCHES
AND FACTORIES
Branch:
GEA Bischoff GmbH
Gwinnerstr. 27-33
D 60388 Frankfurt
TEL.: 069/4011488
Branch:
GEA Bischoff GmbH
F - Paris
Branch:
GEA Bischoff GmbH
I - Mailand
Branch:
GEA Bischoff GmbH
GB - Branch/Dunbar
FINANCIAL INFORMATION
Payment experience: in top
condition
Negative information We have no negative information at hand.
REAL
ESTATE
Type of ownership: Tenant
Address Ruhrallee
311
D 45136 Essen
Land register documents were not available.
BANKERS
Principal bank
DEUTSCHE BANK, 45116 ESSEN, RUHR
Sort. code: 36070050
BIC: DEUTDEDEXXX
Further bank
DEUTSCHE BANK, 40189 DÜSSELDORF
Sort. code: 30070010
BIC: DEUTDEDDXXX
FINANCIAL FIGURES
Financial year: 01.01. - 31.12.
Share
capital: EUR
2,556,500.00
The number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.12 |
|
|
1 |
Rs.103.54 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.