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Report Date : |
21.02.2014 |
IDENTIFICATION DETAILS
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Name : |
TREOFAN GERMANY GMBH & CO.KG |
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Registered Office : |
Bergstr, D 66539 Neunkirchen, Post Box
11 43, D 66511 Neunkirchen |
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Country : |
Germany |
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Date of Incorporation : |
10.05.2004 |
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Com. Reg. No.: |
HRA 9396 |
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Legal Form : |
Ltd partnership with priv. ltd. company as
general partner |
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Line of Business : |
·
Distributor of biaxially oriented polypropylene (BOPP) films
distributed under the brand names Treofan® and TreoPore®. ·
Subject offers the most comprehensive product portfolio
in the industry, including solutions for the packaging and tobacco
industries, labels, and technical films for electronic applications such as
batteries and capacitors. ·
Manufacturer of plastic plates, sheets, tubes and profiles Subject
product ranges includes : |
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No. of Employees : |
550 |
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 |
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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 |
Treofan Germany GmbH & Co.KG
Bergstr.
D 66539 Neunkirchen
Post Box: 11 43, D 66511 Neunkirchen
Telephone: 06821/400-0
Telefax:
06821/400-551
Homepage: www.treofan.com
E-mail:
info@treofan.com
DE813710590
active
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Registered on: 10.05.2004
Register of
companies: Local
court 66121 Saarbrücken
under: HRA
9396
Total cap. contribution: EUR 11,600.00
Treofan Film GmbH & Co. KG
Am Prime-Parc 17
D 65479 Raunheim
Legal form: Ltd partnership with priv.
ltd.
company as general partner
Total cap. EUR 18,000.00
contribution:
Share: EUR 11,500.00
Registered on: 08.05.2003
Reg. data: 64283 Darmstadt, HRA 81832
Limited partner:
Treofan Vierte Holdings
GmbH
Bergstr.
D 66539 Neunkirchen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 100.00
Registered on: 26.07.2006
Reg. data: 66121
Saarbrücken, HRB 15857
Treofan Dritte Holdings GmbH
Bergstr.
D 66539 Neunkirchen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 02.03.2004
Reg. data: 66121 Saarbrücken, HRB 14261
Treofan Film GmbH & Co. KG
Am Prime-Parc 17
D 65479 Raunheim
Legal form: Ltd partnership with priv.
ltd.
company as general partner
Total cap. EUR 18,000.00
contribution:
Share: EUR 25,000.00
Registered on: 08.05.2003
Reg. data: 64283 Darmstadt, HRA 81832
Dr. Walter Bickel
Wendelsteinstr. 24
D 82031 Grünwald
born: 08.04.1959
Manager:
Peter Vanacker
D 50672 Köln
born: 11.03.1966
Manager:
Dr. Boris Trautmann
D 60310 Frankfurt
born: 10.02.1967
Marital status: unknown
Peter Vanacker
D 50672 Köln
authorized to jointly represent the
company
born: 11.03.1966
Proxy:
Dr. Boris Trautmann
D 60310 Frankfurt
authorized to jointly
represent the company
born: 10.02.1967
Marital status: unknown
Proxy:
Dr. Hady Seyeda
D 38642 Goslar
authorized to jointly
represent the company
born: 11.02.1966
Proxy:
Ludwig Holle
D 55116 Mainz
authorized to jointly
represent the company
born: 12.09.1972
31.10.2002 - 29.04.2003 ALTER EGO Zweite Beteiligungs GmbH & Co.
KG
Oberlindau 76-78
D 60323 Frankfurt
Ltd partnership with
priv. ltd. company
as general partner
30.04.2003 - 09.05.2004 Trespaphan GmbH & Co. KG
Am Prime-Parc 10
D 65479 Raunheim
Ltd partnership with
priv. ltd. company
as general partner
·
Distributor of biaxially oriented polypropylene (BOPP) films
distributed under the brand names Treofan® and TreoPore®.
·
Subject offers the most comprehensive product
portfolio in the industry, including solutions for the packaging and tobacco
industries, labels, and technical films for electronic applications such as
batteries and capacitors.
·
Manufacturer of plastic plates, sheets, tubes and profiles
Subject
product ranges includes :
Branch:
Treofan Germany GmbH
& Co.KG
Am Prime-Parc 17
D 65479 Raunheim
TEL.: 06142/200-0
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Bergstr.
D 66539 Neunkirchen
Real Estate of: Treofan
Dritte Holdings GmbH
Type
of ownership: Tenant
Address Bergstr.
D 66539 Neunkirchen
Land register documents were not
available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 60613
FRANKFURT AM MAIN
Sort. code: 50080000, Account no.:
770583900
BIC: DRESDEFFXXX
Financial year: 01.01. - 31.12.
Employees:
550
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
UK Pound |
1 |
Rs.103.84 |
|
Euro |
1 |
Rs.85.70 |
INFORMATION DETAILS
|
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 |
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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.