MIRA INFORM REPORT

 

 

Report Date :

26.02.2014

 

IDENTIFICATION DETAILS

 

Name :

SALZGITTER MANNESMANN PRECISION GMBH

 

 

Registered Office :

Wiesenstr. 36, D 45473 Mülheim

 

 

Country :

Germany

 

 

Date of Incorporation :

MIRA INFORM REPORT

MIRA INFORM REPORT

 

 

Report Date :

26.02.2014

 

IDENTIFICATION DETAILS

 

Name :

SALZGITTER MANNESMANN PRECISION GMBH

 

 

Registered Office :

Wiesenstr. 36, D 45473 Mülheim

 

 

Country :

Germany

 

 

Date of Incorporation :

18.10.1995

 

 

Com. Reg. No.:

HRB 20198

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Manufacturer of basic iron, steel and ferro-alloys

Manufacturer of precision steel pipes

Manufacturer of steel pipes (except precision pipes)

Manufacturer of bearings, gears, gearing and driving elements

 

 

No. of Employees

25.500 (Group)                               

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory 

 

 

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 – december 01, 2013

 

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

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, 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

 

 

 


Company name

 

Salzgitter Mannesmann Precision GmbH

 

 

Company Status

 

active

 

 

Main address

 

Kissinger Weg

D 59067 Hamm

Telephone:        02381/4200

Telefax:             02381/420265

Homepage:        www.smp-tubes.com

E-mail:              marketing@smp-tubes.com

 

 

Legal office

 

Wiesenstr. 36

D 45473 Mülheim

 

 

VAT no       

 

DE177052757

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         18.10.1995

Shareholders'

agreement:                    18.10.1995

Registered on:               29.04.2008

Commercial Register:     Local court 47051 Duisburg

under:                                       HRB 20198

Share capital:                 EUR         10,001,000.00

 

 

Shareholder

 

Salzgitter Klöckner-Werke GmbH

Eisenhüttenstr. 99

D 38239 Salzgitter

Legal form: Private limited company

Share capital:     EUR        277,188,240.00

Share:             EUR          9,491,000.00

Registered on: 28.10.2011

Reg. data: 38100 Braunschweig, HRB 203250

Control and profit transfer agreement

 

Shareholder:

                      Salzgitter Mannesmann GmbH

                      Eisenhüttenstr. 99

                      D 38239 Salzgitter

                      Legal form: Private limited company

                      Share capital:     EUR        184,526,000.00

                      Share:             EUR            510,000.00

                      Registered on: 25.09.1969

                      Reg. data: 38100 Braunschweig, HRB 200012

 

Manager

 

Dipl.-Ökonom Volker Engelbert

D 58636 Iserlohn

authorized to jointly represent the company

born: 01.04.1950

 

Manager:

                      Heinrich Clören

                      D 47051 Duisburg

                      born: 16.04.1956

                      Profession: Businessman

 Manager:

                      Martin Kießling

                      D 59387 Ascheberg

                      authorized to jointly represent the company

                      born: 16.08.1965


 Manager:

                      Martin Resch

                      Am Lergesberg 4f

                      D 65843 Sulzbach

                      born: 15.11.1966

 

Proxy

 

Jörg Wegener

Ostersiek 14

D 32105 Bad Salzuflen

authorized to jointly represent the company

born: 08.08.1961

 

 Proxy:

                      Thomas Schäfer

                      D 45739 Oer-Erkenschwick

                      authorized to jointly represent the company

                      born: 16.12.1964

 Proxy:

                      Dr. Roland Kiesler

                      D 57076 Siegen

                      authorized to jointly represent the company

                      born: 26.01.1963

 Proxy:

                      Elke Becks

                      D 45721 Haltern am See

                      authorized to jointly represent the company

                      born: 22.06.1959

 Proxy:

                      Peter Wolfgang Houben

                      Sternstr. 58

                      D 40479 Düsseldorf

                      authorized to jointly represent the company

                      born: 25.04.1953

 Proxy:

                      Carsten Blank

                      D 45473 Mülheim

                      authorized to jointly represent the company

                      born: 18.03.1964

 Proxy:

                      Thomas Schlüchtermann

                      Döbelner Str. 28

                      D 59425 Unna

                      authorized to jointly represent the company

                      born: 31.05.1960

 Proxy:

                      Thomas Mende

                      D 48143 Münster

                      authorized to jointly represent the company

                      born: 01.10.1961

 Proxy:

                      Jürgen Brakensiek

                      D 48351 Everswinkel

                      authorized to jointly represent the company

                      born: 11.09.1968

 Proxy:

                      Olaf Lüdecke

                      D 59067 Hamm

                      authorized to jointly represent the company

                      born: 18.12.1964

 Proxy:

                      José Javier Rickert

                      D 47051 Duisburg

                      authorized to jointly represent the company

                      born: 29.12.1979

 

Further functions/participations of Dipl.-Ökonom Volker Engelbert (Manager)

 

 Manager:

                      Mannesmannröhren-Werke GmbH

                      Wiesenstr. 36

                      D 45473 Mülheim

                      Legal form: Private limited company

                      Share capital:     EUR          1,000,000.00

                      Registered

                      on:         26.09.2005

                      Reg. data:  47051 Duisburg, HRB 17993

 

Further functions/participations of Martin Kießling (Manager)

 

 Manager:

                      MHP Mannesmann Präzisrohr GmbH

                      Kissinger Weg 1

                      D 59067 Hamm

                      Post Box:

                      1713, D 59061 Hamm

                      Legal form: Private limited company

                                  dissolved

                      Share capital:     EUR          5,000,000.00

                      Registered

                      on:         24.08.2000

                      Reg. data:  59065 Hamm, HRB 2611

 

Further functions/participations of Martin Resch (Manager)

 

 Shareholder:

                      DR Investment-GmbH

                      Auf dem Reeg 22

                      D 53343 Wachtberg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Registered

                      on:         30.01.2014

                      Reg. data:  53111 Bonn, HRB 20573

 Manager:

                      RSE Grundstücksverwaltungs-GmbH

                      Wiesenstr. 36

                      D 45473 Mülheim

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         15.07.2013

                      Reg. data:  47051 Duisburg, HRB 25634

 Manager:

                      RSE Falkenhagen GmbH

                      Wiesenstr. 36

                      D 45473 Mülheim

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         10.07.2013

                      Reg. data:  47051 Duisburg, HRB 25620

 Manager:

                      RSE Projektentwicklungs-GmbH

                      Wiesenstr. 36

                      D 45473 Mülheim

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         15.07.2013

                      Reg. data:  47051 Duisburg, HRB 25628

 Manager:

                      RSE Grundbesitz und Beteiligungs-GmbH

                      Wiesenstr. 36

                      D 45473 Mülheim

                      Legal form: Private limited company

                      Share capital:     EUR         40,222,755.00

                      Registered

                      on:         13.12.2012

                      Reg. data:  47051 Duisburg, HRB 25015

 Manager:

                      Gewerbepark Am Borsigturm GmbH

                      Wiesenstr. 36

                      D 45473 Mülheim

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         18.07.2013

                      Reg. data:  47051 Duisburg, HRB 25644

 Manager:

                      Phoenix Office Garden GmbH

                      Wiesenstr. 36

                      D 45473 Mülheim

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         09.10.2013

                      Reg. data:  47051 Duisburg, HRB 25872

 Manager:

                      RSE Projektmanagement

                      Holding-Verwaltungs-GmbH

                      Wiesenstr. 36

                      D 45473 Mülheim

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         15.07.2013

                      Reg. data:  47051 Duisburg, HRB 25629

 Manager:

                      Salzgitter Mannesmann Rohr Sachsen GmbH

                      Mannesmannstr. 11

                      D 01619 Zeithain

                      Legal form: Private limited company

                      Share capital:     EUR          1,000,000.00

                      Registered

                      on:         20.04.2007

                      Reg. data:  01069 Dresden, HRB 25504

 Manager:

                      RSE Borsiggelände GmbH

                      Wiesenstr. 36

                      D 45473 Mülheim

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         10.07.2013

                      Reg. data:  47051 Duisburg, HRB 25616

 Manager:

                      RSE Projektmanagement GmbH

                      Wiesenstr. 36

                      D 45473 Mülheim

                      Legal form: Private limited company

                      Share capital:     EUR            300,000.00

                      Registered

                      on:         25.07.2013

                      Reg. data:  47051 Duisburg, HRB 25667


 Proxy:

                      GVG Grundbesitz- und

                      Vermögensverwaltungsgesellschaft mbH

                      Eisenhüttenstr. 99

                      D 38239 Salzgitter

                      Legal form: Private limited company

                      Share capital:     EUR            102,260.00

                      Registered

                      on:         28.12.2011

                      Reg. data:  38100 Braunschweig, HRB 203332

 Proxy:

                      Klöckner PET-Technologie GmbH

                      Eisenhüttenstr. 99

                      D 38239 Salzgitter

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         14.11.2011

                      Reg. data:  38100 Braunschweig, HRB 203269

 Proxy:

                      Klöckner PET International GmbH

                      Eisenhüttenstr. 99

                      D 38239 Salzgitter

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         16.11.2011

                      Reg. data:  38100 Braunschweig, HRB 203277

 

 

COMPANY HISTORY

 

 24.05.1996 - 16.01.2008  Mannesmannring Sachsen GmbH

                          Glaubitzer Str. 1

                          D 01619 Zeithain

                          Private limited company

 

 16.01.2008 - 29.04.2008  Salzgitter Mannesmann Precision GmbH

                          Glaubitzer Str. 1

                          D 01619 Zeithain

                          Private limited company

 

 29.04.2008 - 30.04.2013  Salzgitter Mannesmann Precision GmbH

                          Wiesenstr. 36

                          D 45473 Mülheim

                          Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 16.05.2013 - 19.11.2013  President of the Board of Management

                          Hubert Guy Marie Joseph Paris

                          F Paris

 

 06.05.2008 - 30.04.2013  Manager

                          Roger Menneking

                          D 38300 Wolfenbüttel

 

 06.05.2008 - 23.04.2013  Manager

                          Paul Deventer

                          D 48317 Drensteinfurt

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

·         24100   Manufacture of basic iron, steel and ferro-alloys

24202   Manufacture of precision steel pipes

 

Secondary industrial sector

·         24201   Manufacture of steel pipes (except precision pipes)

28150   Manufacture of bearings, gears, gearing and driving elements

 

 

BRANCHES AND FACTORIES

 

 Works:

                      Salzgitter Mannesmann Precision GmbH

                      Wiesenstr. 36

                      D 45473 Mülheim

 Works:

                      Salzgitter Mannesmann Precision GmbH

                      Südring 90

                      D 33647 Bielefeld

 Works:

                      Salzgitter Mannesmann Precision GmbH

                      Zum großen Stein

                      D 57299 Burbach

 Works:

                      Salzgitter Mannesmann Precision GmbH

                      Marscheidstr.

                      D 58739 Wickede

PARTICIPATIONS

 

 Shareholder:

                      Salzgitter Mannesmann Rohr Sachsen GmbH

                      Mannesmannstr. 11

                      D 01619 Zeithain

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          1,000,000.00

                      Share:             EUR          1,000,000.00

                      Reg. data:  20.04.2007

                                  Local court 01069 Dresden

                                  HRB 25504

 

 

FINANCIAL INFORMATION

 

Payment experience:     cash discount/within agreed terms

 

Negative information:      We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:         Tenant

 Address                       Kissinger Weg

                                    D 59067 Hamm

 

 Real Estate of:              Salzgitter Klöckner-Werke GmbH

 Type of ownership:        proprietor

 Share:                          100.00 %

 Address                       Klöcknerstr. 29

                                    D 47057 Duisburg

 

 Real Estate of:              Salzgitter Klöckner-Werke GmbH

 Type of ownership:        Tenant

 Address                       Eisenhüttenstr. 99

                                    D 38239 Salzgitter

 

 Real Estate of:              Salzgitter Mannesmann GmbH

 Type of ownership:        Tenant

 Address                       Eisenhüttenstr. 99

                                    D 38239 Salzgitter

 

 Real Estate of:              Martin Resch

 Type of ownership:        Tenant

 Address                       Am Lergesberg 4f

                                    D 65843 Sulzbach

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK, 59003 HAMM, WESTF

Sort. code: 41040018, Account no.: 501835300

BIC: COBADEFF410, IBAN: DE83410400180501835300

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Share capital:                          EUR         10,001,000.00

 The number of employees is not known.

 

Control and profit transfer agreement to:

Salzgitter Klöckner-Werke GmbH

Eisenhüttenstr. 99

D 38239 Salzgitter

 

The company exercises the option not to publish its balance and is included in the annual financial statement of the parent company Salzgitter Aktiengesellschaft, Salzgitter.

 

Basic data of the group 2012 (in million EUR)

 

Receivables:          155.930,8                                 

Liabilities:              918,6                                 

Sales:                 13.045,9                                 

Annual surplus:            12,3                                 

Staff:                   25.500                                 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.98

UK Pound

1

Rs.103.31

Euro

1

Rs.85.14

 

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

 

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.