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Report Date : |
07.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
WEISS
UMWELTTECHNIK GMBH |
|
|
|
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Registered Office : |
Greizer Str. 41-49, D 35447 Reiskirchen |
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|
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Country : |
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Year of Establishments : |
1963 |
|
|
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Com. Reg. No.: |
HRB 596 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Engaged
in development, manufacturer & sale of devices & installation in the field
of environmental simulation and measuring technique as well as servicing of
these products. producers of standard testing chambers and systems for environmental
simulation, stability testing and emission testing worldwide. Manufacturer of
instruments and appliances for measuring, testing as well as navigation Subject product ranges includes
temperature and climate testing systems as well as test systems for simulated
exposure to weather, temperature shock, corrosion and for long-time testing
in various test chamber volumes. |
|
|
|
|
No of Employees : |
715 |
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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|
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Payment Behaviour : |
No Complaints |
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|
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
WEISS UMWELTTECHNIK GMBH
Greizer Str. 41-49
D 35447 Reiskirchen
Telephone: 06408/84-0
Telefax: 06408/84-8710
Homepage: www.wut.com
E-mail: info@wut.com
DE811114120
active
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1963
Registered on: 06.05.1978
Commercial Register: Local court 35390 Gießen
under: HRB
596
Share capital: EUR 11,248,421.39
Schunk GmbH
Rodheimer Str. 59
D 35452 Heuchelheim
Legal form: Private limited company
Share capital: EUR
60,000,000.00
Share: EUR 11,248,421.39
Registered on: 27.11.2008
Reg. data: 35390 Gießen, HRB 6902
Peter Kuisle
Alte Reichsstr. 3h
D 86356 Neusäß
born: 10.11.1960
Marital status: unknown
Manager:
Peter
Rüdiger Manolopoulos
Dickmannstr. 52
D
42287 Wuppertal
born:
02.04.1969
Profession: Businessman
Manager:
Dr.
Jürgen Jakoby
Heidestr. 12
D
48336 Sassenberg
born: 31.05.1957
Dieter Haus
In der Wiese 23
D 35435 Wettenberg
born: 03.04.1956
Marital status: married
Proxy:
Robert Jan Levert
D 40764 Langenfeld
authorized to jointly
represent the company
born: 08.05.1967
Proxy:
Michael Steinmüller
D
35452 Heuchelheim
authorized to jointly represent the company
born: 30.01.1960
Proxy:
Thomas Jarck
D 72124 Pliezhausen
authorized to jointly
represent the company
born: 31.12.1962
Proxy:
Reiner
Sauter
D 72458 Albstadt
authorized to jointly represent the company
born: 14.08.1956
Proxy:
Jens
Schulze
D
61267 Neu-Anspach
authorized to jointly represent the company
born: 24.04.1962
Proxy:
Wolfgang Ruppert
D
35075 Gladenbach
authorized to jointly represent the company
born: 26.02.1966
Proxy:
Dr. Sebastian Göbel
D 65830 Kriftel
authorized to jointly
represent the company
born: 19.04.1971
Marital status: unknown
Further
functions/participations of Peter Kuisle (Manager)
Manager:
Vötsch
Industrietechnik GmbH
Beethovenstr. 34
D 72336 Balingen
Legal form: Private
limited company
Share capital: EUR 3,834,689.11
Registered
on: 12.02.1996
Reg. data: 70190 Stuttgart, HRB 410872
Further functions/participations
of Peter Rüdiger Manolopoulos (Manager)
Manager:
Schunk
GmbH
Rodheimer Str. 59
D 35452 Heuchelheim
Legal form: Private
limited company
Share
capital: EUR 60,000,000.00
Registered
on: 27.11.2008
Reg. data: 35390 Gießen, HRB 6902
Manager:
Vötsch
Industrietechnik GmbH
Beethovenstr. 34
D
72336 Balingen
Legal form: Private limited company
Share capital: EUR 3,834,689.11
Registered
on:
12.02.1996
Reg. data: 70190 Stuttgart, HRB 410872
Manager:
GEA Energy Technology
GmbH
Dorstener Str. 484
D 44809 Bochum
Legal form: Private
limited company
dissolved
Share capital: EUR 52,000.00
Registered
on: 21.10.1997
Reg. data: 44787 Bochum, HRB 5937
Manager:
Weiss
Klimatechnik GmbH
Greizer Str. 41-49
D 35447 Reiskirchen
Legal form: Private
limited company
Share capital: EUR 5,112,918.81
Registered
on: 22.03.1984
Reg. data: 35390 Gießen, HRB 1200
Further
functions/participations of Dr. Jürgen Jakoby (Manager)
Manager:
Vötsch Industrietechnik GmbH
Beethovenstr. 34
D 72336 Balingen
Legal form: Private
limited company
Share capital: EUR 3,834,689.11
Registered
on: 12.02.1996
Reg. data: 70190 Stuttgart, HRB 410872
23.07.2007
- 11.11.2013 Manager
Dr. Arno Roth
D 63868 Großwallstadt
29.01.2010 -
21.06.2012 Manager
Franz Josef Niedermeier
D
84529 Tittmoning
·
Engaged
in development, manufacturer & sale of devices & installation in the
field of environmental simulation and measuring technique as well as servicing
of these products.
producers of standard testing
chambers and systems for environmental simulation, stability testing and
emission testing worldwide.
Manufacturer of instruments and appliances
for measuring, testing as well as navigation
Subject product ranges
includes temperature and climate testing systems as well as test systems for
simulated exposure to weather, temperature shock, corrosion and for long-time
testing in various test chamber volumes.
Branch:
WEISS
UMWELTTECHNIK GMBH
Walsroder Str. 305
D 30855 Langenhagen
TEL.: 0511/72819-10
FAX.: 0511/72819-30
Shareholder:
Vötsch
Industrietechnik GmbH
Beethovenstr. 34
D
72336 Balingen
Legal form: Private limited company
Company Status:
active
Share capital: EUR 3,834,689.11
Share: EUR 3,834,177.82
Reg. data: 12.02.1996
Local court
70190 Stuttgart
HRB 410872
Payment experience: takes advantage of
cash discount
Negative information: We have no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Greizer
Str. 41-49
D 35447 Reiskirchen
Real Estate of: Peter
Kuisle
Type of ownership: Tenant
Address Alte
Reichsstr. 3h
D 86356 Neusäß
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 35332
GIEßEN, LAHN
Sort. code: 51380040
BIC: DRESDEFF513
Financial year: 01.01. - 31.12.
Turnover: 2013 *EUR 87,587,500.00
Share capital: EUR 11,248,421.39
Equipment: *EUR 6,077,500.00
Ac/ts receivable: *EUR 5,362,500.00
Liabilities: *EUR 10,725,000.00
Real estate of the firm: EUR 67,286,619.00
Employees:
715
The business figures marked with an asterisk are estimates based on
average values in the line of business.
The company exercises the option not to publish its balance and is
included in the annual financial statement of the group Schunk GmbH,
Heuchelheim.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.79 |
|
UK Pound |
1 |
Rs.102.66 |
|
Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.