MIRA INFORM REPORT

 

 

Report Date :

17.12.2014

 

IDENTIFICATION DETAILS

 

Name :

SAURER GERMANY GMBH & CO. KG

 

 

Registered Office :

Leverkuser Str. 65 D 42897 Remscheid

 

 

Country :

Germany

 

 

Date of Incorporation :

21.12.2012

 

 

Legal Form :

Ltd partnership

 

 

Line of Business :
  • Manufacture of other general-purpose machinery
  • Manufacture of machinery for textile, apparel and leather production
  • Activities of head offices

 

 

No. of Employees :

1,500

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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

note

 

 Your inquiry: Schlafhorst Zweigniederl. der Saurer Germany GmbH &  Co. KG, D 52531 Übach-Palenberg

 

 The subject of your inquiry is a branch. We are reporting on the  headquarters.

 

 

Company name and address

 

SAURER GERMANY GMBH & CO. KG

 

 Company Status:          active

Leverkuser Str. 65

D 42897 Remscheid

Telephone:02451/9051000

Telefax:  02451/9051001

Homepage: www.saurer.com

E-mail:   peter.stahl@saurer.com

 

 Trade name:          Saurer Schlafhorst, Saurer Allma

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

Company summary

 

 LEGAL FORM              Ltd partnership with priv. ltd. company as

                                    general partner

 Date of foundation:      21.12.2012

 Registered on:             21.12.2012

 Register of

 companies:                  Local court 42103 Wuppertal

 under:                          HRA 23613

 

 Total cap. contribution:                EUR         40,000,100.00

 

 Limited partner:

                      Saurer Netherlands Machinery Company B.V.

                      NL  Amsterdam

                      Legal form: Other legal form

                      Share:             EUR         40,000,100.00

 General partner:

                      Saurer Germany Management GmbH

                      Leverkuser Str. 65

                      D 42897 Remscheid

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered on: 21.12.2012

                      Reg. data: 42103 Wuppertal, HRB 24688

 

 Shareholder:

                      Saurer Netherlands Machinery Company B.V.

                      NL  Amsterdam

                      Legal form: Other legal form

                      Share:             EUR             25,000.00

 Manager:

                      Wolfgang Leupers

                      D 41061 Mönchengladbach

                      born: 07.04.1951

                      Profession: graduate engineer

 Manager:

                      Peter Stahl

                      D 58507 Lüdenscheid

                      having sole power of representation

                      born: 02.04.1967

                      Profession: Businessman

 Manager:

                      Jörg Spahlinger

                      D 97723 Oberthulba

                      born: 11.01.1959

 Manager:

                      Daniel Christian Lippuner

                      CH  Feusisberg

                      born: 19.07.1969

                      Nationality: Swiss

 Manager:

                      Zhengping Zeng

                      RC  Shanghai

                      born: 25.07.1962

                      Nationality: Chinese

                      Marital status: unknown

 Proxy:

                      Patent-Assessor Arndt Georg Hamann

                      D 41239 Mönchengladbach

                      authorized to jointly represent the company

                      born: 08.05.1951

                      Profession: graduate engineer

 Proxy:

                      Stephan Ringmayer

                      D 42579 Heiligenhaus

                      authorized to jointly represent the company

                      born: 13.07.1969

                      Marital status: single

 Proxy:

                      Christiane Worms

                      D 41238 Mönchengladbach

                      authorized to jointly represent the company

                      born: 09.04.1960

                      Profession: Businessman

 Proxy:

                      Jürgen Meyer

                      D 52062 Aachen

                      authorized to jointly represent the company

                      born: 16.09.1960

 Proxy:

                      Gertraud Schellscheidt

                      D 40212 Düsseldorf

                      authorized to jointly represent the company

                      born: 17.01.1963

                      Marital status: unknown

 Proxy:

                      Stephan Ringmayer

                      D 42579 Heiligenhaus

                      authorized to jointly represent the company

                      born: 13.07.1969

                      Marital status: single

 Proxy:

                      Wolfgang Leupers

                      D 41061 Mönchengladbach

                      authorized to jointly represent the company

                      born: 07.04.1951

                      Profession: graduate engineer

 Proxy:

                      Wolfram Flatow

                      D 47877 Willich

                      authorized to jointly represent the company

                      born: 27.05.1955

                      Profession: Fully qualified merchant

 Proxy:

                      Andreas Gathen

                      Vorster Str. 11

                      D 47918 Tönisvorst

                      authorized to jointly represent the company

                      born: 13.06.1964

                      Marital status: married

 Proxy:

                      Gerd Pöhlmann

                      An der Alten Burg 19

                      D 47839 Krefeld

                      authorized to jointly represent the company

                      born: 11.10.1963

 Proxy:

                      Jan Röttgering

                      D 41844 Wegberg

                      authorized to jointly represent the company

                      born: 29.01.1966

                      Profession: graduate engineer

 Proxy:

                      Hans-Dieter Dyballa

                      D 52531 Übach-Palenberg

                      authorized to jointly represent the company

                      born: 10.01.1955

 Proxy:

                      Ralf Pascher-Roik

                      Teichstr. 9

                      D 52074 Aachen

                      authorized to jointly represent the company

                      born: 23.04.1959

 Proxy:

                      Ralph Knecht

                      Goethestr. 17a

                      D 41061 Mönchengladbach

                      authorized to jointly represent the company

                      born: 13.10.1969

 Proxy:

                      Andreas Riedel

                      D 41836 Hückelhoven

                      authorized to jointly represent the company

                      born: 01.04.1964

 Proxy:

                      Karl-Heinz Sandholzer

                      Obere Hauptstr. 16

                      D 87782 Unteregg

                      authorized to jointly represent the company

                      born: 12.10.1959 in Ronsberg

 Proxy:

                      Jürgen Meyer

                      D 52062 Aachen

                      authorized to jointly represent the company

                      born: 16.09.1960

 Proxy:

                      Jörg Spahlinger

                      D 97723 Oberthulba

                      authorized to jointly represent the company

                      born: 11.01.1959

 Proxy:

                      Dirk Schmitz

                      Blumenstr. 18

                      D 47918 Tönisvorst

                      authorized to jointly represent the company

                      born: 05.07.1972

 Proxy:

                      Peter Mann

                      D 73095 Albershausen

                      authorized to jointly represent the company

                      born: 06.03.1960

 Proxy:

                      Karl-Heinz Mack

                      D 73235 Weilheim

                      authorized to jointly represent the company

                      born: 26.05.1959

 Proxy:

                      Dipl.-Ing. Markus Wurster

                      D 41844 Wegberg

                      authorized to jointly represent the company

                      born: 04.02.1963

 Proxy:

                      Angelo Bonacci

                      D 47877 Willich

                      authorized to jointly represent the company

                      born: 02.01.1950

 Proxy:

                      Daniel Christian Lippuner

                      CH  Feusisberg

                      authorized to jointly represent the company

                      born: 19.07.1969

                      Nationality: Swiss

 Proxy:

                      Dr. Gerhard Sonder

                      D 73033 Göppingen

                      authorized to jointly represent the company

                      born: 19.07.1952

 Proxy:

                      Cem Yalcin

                      TR  Istanbul

                      authorized to jointly represent the company

                      born: 05.05.1962

                      Nationality: Turkish

 Proxy:

                      Jürgen Schnitzler

                      D 41747 Viersen

                      authorized to jointly represent the company

                      born: 31.08.1966

 Proxy:

                      Maximilian Preutenborbeck

                      D 41061 Mönchengladbach

                      authorized to jointly represent the company

                      born: 10.06.1957

 Proxy:

                      Michael Iding

                      D 47623 Kevelaer

                      authorized to jointly represent the company

                      born: 22.07.1961

 Proxy:

                      Alexander Wenger

                      Heronger Str. 21

                      D 41334 Nettetal

                      authorized to jointly represent the company

                      born: 19.05.1969

 Proxy:

                      Frank Schoenrath

                      D 44787 Bochum

                      authorized to jointly represent the company

                      born: 04.10.1967

 Proxy:

                      Thomas Arter

                      D 41366 Schwalmtal

                      authorized to jointly represent the company

                      born: 29.10.1969

 Proxy:

                      Guido Andre Uhle

                      D 51427 Bergisch Gladbach

                      authorized to jointly represent the company

                      born: 01.07.1963

 Proxy:

                      Zhengping Zeng

                      RC  Shanghai

                      authorized to jointly represent the company

                      born: 25.07.1962

                      Nationality: Chinese

                      Marital status: unknown

 Proxy:

                      Gertraud Schellscheidt

                      D 40212 Düsseldorf

                      authorized to jointly represent the company

                      born: 17.01.1963

                      Marital status: unknown

 Proxy:

                      Armin Deggendorfer

                      D 87435 Kempten

                      authorized to jointly represent the company

                      born: 21.03.1968

 Proxy:

                      Hans Guggemos

                      D 87466 Oy-Mittelberg

                      authorized to jointly represent the company

                      born: 08.04.1956

 

 

 COMPANY HISTORY

 

 21.12.2012 - 11.04.2013  Saurer Germany Machinery GmbH & Co. KG

                          Leverkuser Str. 65

                          D 42897 Remscheid

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 2829    Manufacture of other general-purpose machinery n.e.c.

 

2894    Manufacture of machinery for textile, apparel and leather production

 

4664    Wholesale of machinery for the textile industry and of sewing and knitting machines

 

70109   Other activities of head offices

 

 

 BRANCHES AND FACTORIES

 

 Branch:

                      Allma Volkmann Zweigniederlassung der Saurer

                      Germany GmbH & Co. KG

                      Weeserweg 60

                      D 47804 Krefeld

                      TEL.: 02151/717-01

                      FAX.: 02151/717-474

                      Reg. entry: 17.07.2013

 Branch:

                      Saurer Germany GmbH & Co. KG

                      Leonhardstr. 19

                      D 87437 Kempten

                      Reg. entry: 11.07.2013

 Branch:

                      Saurer Germany GmbH & Co. KG

                      Hans-Zinser-Str. 1-3

                      D 73061 Ebersbach

                      TEL.: 07163/140

                      FAX.: 07163/14250

                      Reg. entry: 11.07.2013

 Branch:

                      Saurer Germany GmbH & Co. KG

                      Carlstr. 60

                      D 52531 Übach-Palenberg

                      Reg. entry: 11.07.2013

 

 

 PARTICIPATIONS

 

 Shareholder:

                      Saurer Components GmbH

                      Maria-Merian-Str. 8

                      D 70736 Fellbach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             51,400.00

                      Share:             EUR             51,400.00

                      Reg. data:  26.01.2007

                                  Local court 70190 Stuttgart

                                  HRB 722008

 

 

 FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

 REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Leverkuser Str. 65

                      D 42897 Remscheid

 

 Real Estate of:      Saurer Germany Management GmbH

 Type of ownership:   Tenant

 Address              Leverkuser Str. 65

                      D 42897 Remscheid

 

 Land register documents were not available.

 

 BANKERS

 

 COMMERZBANK, 41012 MÖNCHENGLADBACH

 Sort. code: 31040015

 BIC: COBADEFFXXX

 DEUTSCHE BANK, 78404 KONSTANZ

 Sort. code: 69070032

 BIC: DEUTDE6F690

 

 

 FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Employees:                                                  1,500

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.41

UK Pound

1

Rs.99.30

Euro

1

Rs.79.00

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

DPT

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.