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Report Date : |
12.02.2014 |
IDENTIFICATION DETAILS
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Name : |
HUHTAMAKI FILMS GERMANY GMBH & CO. KG |
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Registered Office : |
Ulmer
Str. 18, D 87437 |
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Country : |
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Date of Incorporation : |
08.03.2012 |
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Com. Reg. No.: |
HRA 9525 |
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Legal Form : |
Ltd partnership with priv. ltd.
company as general partner |
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Line of Business : |
Manufacture of plastic plates, sheets, tubes and profiles |
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No. of Employees : |
650 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – December 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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,
contributed to strong growth in 2006 and 2007 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 6.5% in 2012.
GDP contracted 5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before
dipping to 0.7% in 2012 - a reflection of low investment spending due to
crisis-induced uncertainty and the decreased demand for German exports from
recession-stricken periphery countries. 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. 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. By 2014, the
federal government wants to balance its budget. 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 |
Huhtamaki Films Germany GmbH & Co.
KG
Company Status: active
Ulmer
Str. 18
D 87437
Kempten
Telephone:09191/810
Telefax: 09191/81212
Homepage:
www.huhtamaki.com
E-mail: info.forchheim@de.huhtamaki.com
CONCLUSION
Business relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd.
company as general partner
Date of foundation: 08.03.2012
Registered on: 08.03.2012
Register of
companies: Local court 87435 Kempten
under: HRA 9525
Total cap. contribution: EUR 1,000.00
Huhtamaki Real
Estate-GmbH
Ulmer Str. 18
D 87437 Kempten
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 1,000.00
Registered on: 21.05.2002
Reg. data: 87435 Kempten,
HRB 7837
Huhtamaki Films Germany
Holding GmbH
Ulmer Str. 18
D 87437 Kempten
Legal form: Private limited company
Share capital: EUR 30,000.00
Registered on: 07.12.2011
Reg. data: 87435 Kempten,
HRB 11310
Huhtamaki Germany GmbH
Ulmer Str. 18
D 87437 Kempten
Legal form: Private
limited company
Share capital: EUR 40,000.00
Share: EUR 30,000.00
Registered on: 24.06.2004
Reg. data: 87435 Kempten,
HRB 8515
Profit transfer agreement
Gernot Becker
D 79362 Forchheim
born: 06.06.1967
Manager:
Marten Julius
D 79362 Forchheim
born: 26.02.1966
Manager:
Sami Pauni
SF Helsinki
born: 10.06.1974
Nationality: Finnish
Ingrid Sebald
D 91207 Lauf
authorized to jointly
represent the company
born: 27.01.1975
Proxy:
Sari Sisko Johanna
Lindholm
SF - Nummela
authorized to jointly
represent the company
born: 21.01.1969
Nationality: Finnish
Proxy:
Sven Bernhard
D 74867 Neunkirchen
authorized to jointly
represent the company
born: 24.02.1971
Proxy:
Sean Russell
D 90408 Nürnberg
authorized to jointly
represent the company
born: 05.05.1967
COMPANY HISTORY
08.03.2012 - 24.07.2012 Huhtamaki Deutschland Siebte Betriebs
GmbH & Co. KG
Ulmer Str. 18
D 87437 Kempten
Ltd partnership with
priv. ltd. company
as general partner
RESIGNED ACTING PERSONS AND SHAREHOLDERS
10.09.2012 - 10.09.2012 General partner
Huhtamaki Germany
GmbH
D 87437 Kempten
21.03.2012 - 10.09.2012 General partner
Huhtamaki Flexible
Packaging Germany
GmbH & Co. KG
D 87437 Kempten
Main industrial sector
2221
Manufacture of plastic plates, sheets, tubes and profiles
Branch:
Huhtamaki Films Germany
GmbH & Co. KG
Zweibrückenstr. 15-25
D 91301 Forchheim
TEL.: 09191/81-0
FAX.: 09191/81-212
Reg. entry: 09.08.2012
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: unknown
Address Ulmer Str. 18
D 87437 Kempten
Type of ownership: Tenant
Address Zweibrückenstr. 15-25
D 91301 Forchheim
Land register documents were not available.
A bank connection is unknown.
Financial
year: 08.03. - 31.12.
Employees: 650
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.43 |
|
|
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.85.28 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.