MIRA INFORM REPORT

 

 

Report Date :

11.07.2014

 

 

 

Tel. No.:

+49(0)2522-77-1707

Fax No.:

+49(0)2522-77-3-1707

 

IDENTIFICATION DETAILS

 

Name :

GEA WESTFALIA SEPARATOR GROUP GMBH

 

 

Registered Office :

Werner-Habig-Str. 1, D 59302 Oelde

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012 (Parent Company “GEA Group Aktiengesellschaft”)

 

 

Year of Establishments :

1997

 

 

Com. Reg. No.:

HRB 7223

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Engaged in Development, Manufacture, Distribution & Service of machines and installations for Mechanical Separation.

·         Manufacturer of Other General-Purpose Machinery

·         Manufacturer of Machinery for Food, Beverage and Tobacco Processing

·         Agents involved in the sale of machines (except Agricultural Machinery and Office Machinery) and Industrial  Supplies

·         Wholesaler of Other Machinery, Equipment and supplies

 

 

No of Employees :

Not Available 

 

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

 

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 – 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

 

 

Company name

 

GEA Westfalia Separator Group GmbH

 

 

Company ADDRESS

 

Werner-Habig-Str. 1

D 59302 Oelde

Telephone:        02522/770

Telefax:             02522/77289

Homepage:        www.westfalia-separator.com

E-mail:              ws.info@geagroup.com

 

 

VAT no

 

DE812459899

 

 

Company Status

 

active

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private Limited Company

Date of foundation:         1997

Begin of business

activities:                       1997

Shareholders'

agreement:                    11.12.1997

Registered on:               16.12.1997

Commercial Register:     Local court 48149 Münster

under:                          HRB 7223

Share capital:                 EUR         10,006,000.00

 

Shareholder

 

GEA Mechanical Equipment GmbH

Werner-Habig-Str. 1

D 59302 Oelde

Post Box:

37 20

Legal form: Private limited company

Share capital:     EUR         65,411,600.00

Share:             EUR         10,006,000.00

Registered on: 16.08.1899

Reg. data: 48149 Münster, HRB 6927

 

Manager

 

Bernd Wilhelm Huber

D 33442 Herzebrock-Clarholz

born: 23.10.1958

Profession: Businessman

 

Manager:

                      Markus Hüllmann

                      D 33378 Rheda-Wiedenbrück

                      authorized to jointly represent the company

                      born: 29.07.1968

 Manager:

                      Jörg Timmermann

                      D 44135 Dortmund

                      born: 24.04.1971

 

President of the Supervisory Board

 

Dr. Stephan Petri

D 45128 Essen

 

Vice-president of the Supervisory Board

 

Kurt-Jürgen Löw

Kannenbäckerstr. 3

D 56424 Ebernhahn

Member of the Supervisory Board

 

Beate Kautzmann

Kirchstr. 16

D 33397 Rietberg

Profession: Employee

Marital status: single

 

Member of the Supervisory Board:

Dr. Rudolf Benesch

D 44135 Dortmund

born: 05.03.1962

 

Member of the Supervisory Board:

Holger Siegwarth

Leipziger Str. 101

D 47918 Tönisvorst

born: 13.05.1967

Profession: Fully qualified merchant

 

Member of the Supervisory Board:

Klaus Nuyken

D 48147 Münster

born: 09.01.1964

Profession: Fully qualified financial expert

 

Member of the Supervisory Board:

Dr. Nina Scherf

D 40210 Düsseldorf

born: 27.06.1970

Profession: Businessman

 

Member of the Supervisory Board:

Uwe Schirnick

D 40210 Düsseldorf

Marital status: unknown

 

Member of the Supervisory Board:

Rita Dahn

D 59302 Oelde

Marital status: unknown

 

Member of the Supervisory Board:

Rolf Skroboll

D 59302 Oelde

Marital status: unknown

Member of the Supervisory Board:

Boris Karthaus

D 10115 Berlin

Marital status: unknown

 

Member of the Supervisory Board:

Erkul Basaran

D 40211 Düsseldorf

Marital status: unknown

 

 

Proxy

 

Thomas Pelzer

D 59302 Oelde

authorized to jointly represent the company

born: 21.06.1955

 

Proxy:

                      Ulrich Meier

                      Von-Bodelschwingh-Str. 11

                      D 59302 Oelde

                      authorized to jointly represent the company

                      born: 15.08.1953

                      Profession: Engineer

                      Property regime: Statutory matrimonial

                      property regime

                      Marital status: married

 Proxy:

                      Wolfgang Horst

                      D 33378 Rheda-Wiedenbrück

                      authorized to jointly represent the company

                      born: 19.10.1956

                      Profession: graduate engineer

 Proxy:

                      Stephan Schulte

                      D 59602 Rüthen

                      authorized to jointly represent the company

                      born: 03.07.1962

                      Profession: Fully qualified merchant

 Proxy:

                      Dr. Frank Taetz

                      D 21388 Soderstorf

                      authorized to jointly represent the company

                      born: 17.04.1955

                      Profession: Businessman

 Proxy:

                      Christof Koch

                      Schulstr. 3

                      D 56244 Freilingen

                      authorized to jointly represent the company

                      born: 12.12.1965

                      Profession: graduate engineer

                      Marital status: unknown

 Proxy:

                      Jürgen Mackel

                      D 59302 Oelde

                      authorized to jointly represent the company

                      born: 21.03.1962

 Proxy:

                      Dr. Rudolf Benesch

                      D 44135 Dortmund

                      authorized to jointly represent the company

                      born: 05.03.1962

 Proxy:

                      Wilfried Mackel

                      D 59302 Oelde

                      authorized to jointly represent the company

                      born: 12.11.1957

                      Profession: graduate engineer

 Proxy:

                      Heinrich Weweler

                      D 33449 Langenberg

                      authorized to jointly represent the company

                      born: 21.04.1966

 Proxy:

                      Wolfgang Grzybek

                      D 50259 Pulheim

                      authorized to jointly represent the company

                      born: 06.04.1962

 Proxy:

                      Dr. Stefan Pecoroni

                      D 59302 Oelde

                      authorized to jointly represent the company

                      born: 05.07.1965

 Proxy:

                      Michael Hoheisel

                      D 33378 Rheda-Wiedenbrück

                      authorized to jointly represent the company

                      born: 13.02.1967

 Proxy:

                      Klaus-Peter Eickhoff

                      D 33378 Rheda-Wiedenbrück

                      authorized to jointly represent the company

                      born: 02.05.1955

                      Profession: graduate engineer

 Proxy:

                      Christian Frahm

                      D 33378 Rheda-Wiedenbrück

                      authorized to jointly represent the company

                      born: 02.10.1967

 Proxy:

                      Steffen Bersch

                      D 48143 Münster

                      authorized to jointly represent the company

                      born: 12.06.1969

 Proxy:

                      Michael Breitmeier

                      D 59302 Oelde

                      authorized to jointly represent the company

                      born: 30.12.1962

 Proxy:

                      Bernd Lüking

                      D 33330 Gütersloh

                      authorized to jointly represent the company

                      born: 15.12.1964

 Proxy:

                      Michael Norden

                      D 44575 Castrop-Rauxel

                      authorized to jointly represent the company

                      born: 19.12.1964

 Proxy:

                      Thomas Perschke

                      D 59302 Oelde

                      authorized to jointly represent the company

                      born: 21.04.1967

 Proxy:

                      Tobias Brinke

                      Konradstr. 6

                      D 59067 Hamm

                      authorized to jointly represent the company

                      born: 29.07.1977

 Proxy:

                      Markus Fleuter

                      D 59320 Ennigerloh

                      authorized to jointly represent the company

                      born: 12.04.1968

 Proxy:

                      Karel Wauters

                      D 25436 Uetersen

                      authorized to jointly represent the company

                      born: 12.05.1954

 Proxy:

                      Ludger Reckmann

                      D 59302 Oelde

                      authorized to jointly represent the company

                      born: 28.06.1963

 Proxy:

                      Stefan Heimann

                      D 59269 Beckum

                      authorized to jointly represent the company

                      born: 22.06.1979

 Proxy:

                      Ann Cuylaerts

                      B  Heide-Kalmthout

                      authorized to jointly represent the company

                      born: 23.10.1965

                      Nationality: Belgian

 Proxy:

                      Peter Schmänk

                      D 59302 Oelde

                      authorized to jointly represent the company

 Proxy:

                      Guido Faltis

                      Capitelholz 22

                      D 33378 Rheda-Wiedenbrück

                      authorized to jointly represent the company

                      born: 27.06.1967

 Proxy:

                      Nick Fernkorn

                      Im Soestkamp 41

                      D 59269 Beckum

                      authorized to jointly represent the company

                      born: 12.02.1975

 Proxy:

                      Joost Arnoud Vliegen

                      NL  SB Neerijnen

                      authorized to jointly represent the company

                      born: 21.01.1973

                      Nationality: Dutch

 Proxy:

                      Tjitze Wit

                      NL  LC Nijland

                      authorized to jointly represent the company

                      born: 27.01.1970

                      Nationality: Dutch

 

Further functions/participations of Markus Hüllmann (Manager)

 

 Manager:

                      GEA Mechanical Equipment GmbH

                      Werner-Habig-Str. 1

                      D 59302 Oelde

                      Post Box:

                      37 20

                      Legal form: Private limited company

                      Share capital:     EUR         65,411,600.00

                      Registered

                      on:         16.08.1899

                      Reg. data:  48149 Münster, HRB 6927

 Manager:

                      GEA Segment Management Holding GmbH

                      Peter-Müller-Str. 12

                      D 40468 Düsseldorf

                      Legal form: Private limited company

                      Share capital:     EUR             26,100.00

                      Registered

                      on:         14.06.2011

                      Reg. data:  40227 Düsseldorf, HRB 65800

 

 Member of the Board of Directors:

                      GEA Group Aktiengesellschaft

                      Peter-Müller-Str. 12

                      D 40468 Düsseldorf

                      Legal form: Public limited company

                      Share capital:     EUR        520,375,765.57

                      Registered

                      on:         25.05.2011

                      Reg. data:  40227 Düsseldorf, HRB 65691

 

Further functions/participations of Jörg Timmermann (Manager)

 

Manager:

                      GEA Mechanical Equipment GmbH

                      Werner-Habig-Str. 1

                      D 59302 Oelde

                      Post Box:

                      37 20

                      Legal form: Private limited company

                      Share capital:     EUR         65,411,600.00

                      Registered

                      on:         16.08.1899

                      Reg. data:  48149 Münster, HRB 6927

 Manager:

                      GEA Food Solutions GmbH

                      Peter-Müller-Str. 10

                      D 40468 Düsseldorf

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         06.03.2012

                      Reg. data:  40227 Düsseldorf, HRB 67481

 

 

Member of the Board of Directors:

                      mg venture capital ag

                      Dorstener Str. 484

                      D 44809 Bochum

                      Legal form: Public limited company

                      Share capital:     EUR             51,100.00

                      Registered

                      on:         20.03.2006

                      Reg. data:  44787 Bochum, HRB 10732

 

 Member of the Supervisory Board:

                      LL Plant Engineering AG

                      Daniel-Goldbach-Str. 19

                      D 40880 Ratingen

                      Post Box:

                      11 07 46

                      Legal form: Public limited company

                      Share capital:     EUR         39,880,766.73

                      Registered

                      on:         09.05.1986

                      Reg. data:  40227 Düsseldorf, HRB 20890

 

 

COMPANY HISTORY

 

 16.12.1997 - 15.01.1998  Westfalia Separator Food Technik GmbH

                          Werner-Habig-Str. 1

                          D 59302 Oelde

                          Private limited company

 

 15.01.1998 - 31.12.2006  GEA Westfalia Separator Process GmbH

                          Werner-Habig-Str. 1

                          D 59302 Oelde

                          Private limited company

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 11.10.2013 - 10.07.2014            Member of the Supervisory Board

                          Nobue von Wurzbach

                          D 41460 Neuss

 

 

BUSINESS ACTIVITIES

 

·         Engaged in Development, Manufacture, Distribution & Service of machines and installations for Mechanical Separation.

·         Manufacturer of Other General-Purpose Machinery

·         Manufacturer of Machinery for Food, Beverage and Tobacco Processing

·         Agents involved in the sale of machines (except Agricultural Machinery and Office Machinery) and Industrial  Supplies

·         Wholesaler of Other Machinery, Equipment and Supplies
BRANCHES AND FACTORIES

 

Works:

                      GEA Westfalia Separator Group GmbH

                      Moschheimer Str. 1

                      D 56414 Niederahr

 Branch:

                      GEA Westfalia Separator Group GmbH

                      Am Neuländer Gewerbepark 6

                      D 21079 Hamburg

                      TEL.: 040/5896500

                      FAX.: 040/7380585

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

Negative information:      We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:         Tenant

 Address                       Werner-Habig-Str. 1

                                    D 59302 Oelde

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

COMMERZBANK, 59280 OELDE, WESTF

Sort. code: 47840065

BIC: COBADEFFXXX

 

Further banks

SPARKASSE MÜNSTERLAND OST, 59302 OELDE, WESTF

Sort. code: 40050150

BIC: WELADED1MST

 

COMMERZBANK, 33244 GÜTERSLOH

Sort. code: 47840065

BIC: COBADEFFXXX

DEUTSCHE BANK, 33501 BIELEFELD

Sort. code: 48070020

BIC: DEUTDE3BXXX

 

COMMERZBANK VORMALS DRESDNER BANK, 33502 BIELEFELD

Sort. code: 48080020

BIC: DRESDEFF480

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Share capital:                          EUR         10,006,000.00

The number of employees is not known.

 

This company exercises the option not to publish its balance.

 

Basic data of the group of the parent company "GEA Group Aktiengesellschaft" in Düsseldorf for 31.12.2012

                                  

 Accounts receivables and other assets      1.249.863.000,00 EUR 

 Liabilities                                1.769.273.000,00 EUR 

 Turnover 2012                              5.720.104.000,00 EUR 

 Turnover 2011                              5.416.504.000,00 EUR 

 Annual surplus of the group 2012             316.578.000,00 EUR 

 Annual surplus of the group 2011             312.633.000,00 EUR 

 Staff of the group: 24.498                                


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.88

UK Pound

1

Rs.102.59

Euro

1

Rs.81.69

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.