MIRA INFORM REPORT

 

 

Report Date :

17.06.2014

 

IDENTIFICATION DETAILS

 

Name :

FISCHER ROHRTECHNIK GMBH

 

 

Registered Office :

Im Gewerbegebiet 7 D 77855 Achern

 

 

Country :

Germany

 

 

Date of Incorporation :

28.03.1985

 

 

Legal Form :

Private limited company

 

 

Line of Business :

  • Subject is engaged in Forging, pressing, stamping and roll-forming of metal; powder metallurgy
  • Wholesale of iron ores, iron, steel and iron and steel semi-finished goods

 

 

No. of Employees

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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 and address

 

FISCHER ROHRTECHNIK GMBH

 

Company Status:          active

Im Gewerbegebiet 7

D 77855 Achern

Telephone:07841/6803-0

Telefax:  07841/22530

Homepage: www.fischer-group.com

E-mail:   info@fischer-group.com

 

VAT no.:                       DE141877538

 

 

Company summary

 

LEGAL FORM               Private limited company

Date of foundation:       1985

Shareholders'

agreement:                    28.03.1985

Registered on:              30.04.1985

Commercial Register:    Local court 68159 Mannheim

under:                                       HRB 220298

 

Share capital:                          EUR            500,000.00

 

Shareholder:

                     F. E. R. fischer Edelstahlrohre GmbH

                     Im Gewerbegebiet 7

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR          2,600,001.00

                     Share:             EUR            500,000.00

                     Registered on: 19.10.1979

                     Reg. data: 68159 Mannheim, HRB 220198

Manager:

                     Johann Fischer

                     Achert 6

                     D 77889 Seebach

                     born: 02.06.1944

                     Profession: Master mechanical engineer

                     Property regime: Separation of property

                     Marital status: married

Manager:

                     Hans-Peter Fischer

                     Sommerseite 65

                     D 77889 Seebach

                     having sole power of representation

                     born: 10.08.1971

                     Profession: Foreman

Proxy:

                     Björn Weber

                     D 77855 Achern

                     having sole power of representation

                     born: 08.07.1977

 

Further functions/participations of Johann Fischer (Manager)

Shareholder:

                     F. E. R. fischer Edelstahlrohre GmbH

                     Im Gewerbegebiet 7

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR          2,600,001.00

                     Share:             EUR          1,989,681.00

                     Registered

                     on:         19.10.1979

                     Reg. data:  68159 Mannheim, HRB 220198

Shareholder:

                     draisin GmbH

                     Von-Drais-Str. 35

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR            605,000.00

                     Share:             EUR            602,500.00

                     Registered

                     on:         27.04.2009

                     Reg. data:  68159 Mannheim, HRB 706606

Shareholder:

                     fischer Maschinentechnik-GmbH

                     Im Gewerbegebiet 7

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR            100,002.00

                     Share:             EUR            100,000.00

                     Registered

                     on:         08.10.2007

                     Reg. data:  68159 Mannheim, HRB 703074

Shareholder:

                     fischer eco solutions GmbH

                     Im Gewerbegebiet 7

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR          1,000,000.00

                     Share:             EUR                  1.00

                     Registered

                     on:         15.06.2009

                     Reg. data:  68159 Mannheim, HRB 706920

Manager:

                     F. E. R. fischer Edelstahlrohre GmbH

                     Im Gewerbegebiet 7

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR          2,600,001.00

                     Registered

                     on:         19.10.1979

                     Reg. data:  68159 Mannheim, HRB 220198

Manager:

                     fischer Edelstahlrohre GmbH

                     Im Gewerbegebiet 7

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR          2,500,000.00

                     Registered

                     on:         09.11.2006

                     Reg. data:  68159 Mannheim, HRB 701197

Manager:

                     fischer stainless Steel-Beteiligungs-GmbH

                     Im Gewerbegebiet 7

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR             25,200.00

                     Registered

                     on:         11.06.2002

                     Reg. data:  68159 Mannheim, HRB 220846

Manager:

                     fischer Hydroforming Chemnitz Verwaltungs

                     GmbH

                     Schulstr. 63

                     D 09125 Chemnitz

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         03.11.2005

                     Reg. data:  09112 Chemnitz, HRB 22395

Manager:

                     fischer Maschinentechnik-GmbH

                     Im Gewerbegebiet 7

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR            100,002.00

                     Registered

                     on:         08.10.2007

                     Reg. data:  68159 Mannheim, HRB 703074

Manager:

                     fischer Hydroforming GmbH

                     Keplerstr. 2

                     D 58706 Menden

                     Post Box:

                     31 56, D 58689 Menden

                     Legal form: Private limited company

                     Share capital:     EUR          1,000,000.00

                     Registered

                     on:         28.03.2003

                     Reg. data:  59821 Arnsberg, HRB 5372

Manager:

                     draisin GmbH

                     Von-Drais-Str. 35

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR            605,000.00

                     Registered

                     on:         27.04.2009

                     Reg. data:  68159 Mannheim, HRB 706606

Manager:

                     fischer eco solutions GmbH

                     Im Gewerbegebiet 7

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR          1,000,000.00

                     Registered

                     on:         15.06.2009

                     Reg. data:  68159 Mannheim, HRB 706920

Manager:

                     fischer Coil Service Center GmbH

                     Im Gewerbegebiet 7

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR          1,000,000.00

                     Registered

                     on:         31.07.2013

                     Reg. data:  68159 Mannheim, HRB 717473

 

Further functions/participations of Hans-Peter Fischer (Manager)

Limited partner:

                     fischer stainless steel GmbH & Co. KG

                     Im Gewerbegebiet 7

                     D 77855 Achern

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Total cap.         EUR             90,780.00

                     contribution:

                     Share:             EUR             30,260.00

                     Registered

                     on:         15.06.2002

                     Reg. data:  68159 Mannheim, HRA 220538

Shareholder:

                     F. E. R. fischer Edelstahlrohre GmbH

                     Im Gewerbegebiet 7

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR          2,600,001.00

                     Share:             EUR            203,440.00

                     Registered

                     on:         19.10.1979

                     Reg. data:  68159 Mannheim, HRB 220198

Shareholder:

                     fischer stainless Steel-Beteiligungs-GmbH

                     Im Gewerbegebiet 7

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR             25,200.00

                     Share:             EUR              8,400.00

                     Registered

                     on:         11.06.2002

                     Reg. data:  68159 Mannheim, HRB 220846

Manager:

                     F. E. R. fischer Edelstahlrohre GmbH

                     Im Gewerbegebiet 7

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR          2,600,001.00

                     Registered

                     on:         19.10.1979

                     Reg. data:  68159 Mannheim, HRB 220198

Manager:

                     fischer Edelstahlrohre GmbH

                     Im Gewerbegebiet 7

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR          2,500,000.00

                     Registered

                     on:         09.11.2006

                     Reg. data:  68159 Mannheim, HRB 701197

Manager:

                     fischer Coil Service Center GmbH

                     Im Gewerbegebiet 7

                     D 77855 Achern

                     Legal form: Private limited company

                     Share capital:     EUR          1,000,000.00

                     Registered

                     on:         31.07.2013

                     Reg. data:  68159 Mannheim, HRB 717473

Member of the Supervisory Board:

                     Volksbank Achern eG

                     Hauptstr. 45

                     D 77855 Achern

                     Legal form: Registered cooperative

                     Registered

                     on:         24.06.1901

                     Reg. data:  68159 Mannheim, GnR 220002

 

 

COMPANY HISTORY

 

30.04.1985 - 08.05.1988  SAMLAND Freizeitgeräte GmbH

                         Im Gewerbegebiet 7

                         D 77855 Achern

                         Private limited company

09.05.1988 - 20.03.1990  Fischer GmbH

                         Im Gewerbegebiet 7

                         D 77855 Achern

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

2550    Forging, pressing, stamping and roll-forming of metal;

powder metallurgy

 

Secondary industrial sector

46721   Wholesale of iron ores, iron, steel and iron and steel semi-finished goods

 

 

BRANCHES AND FACTORIES

 

Branch:

                     Fischer Rohrtechnik GmbH

                     Unterm Krähenberg 3

                     D 59846 Sundern

                     TEL.: 02935/1438

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

 

 

REAL ESTATE

 

Type of ownership:        Tenant

Address                         Im Gewerbegebiet 7

                                    D 77855 Achern

 

Real Estate of:               Johann Fischer

Type of ownership:        Tenant

Address                        Achert 6

                                    D 77889 Seebach

 

Land register documents were not available.

 

 

BANKERS

 

VOLKSBANK ACHERN, 77846 ACHERN, BADEN

Sort. code: 66291300, Account no.: 4300009

BIC: GENODE61ACH, IBAN: DE86662913000004300009

 

 

FINANCIAL FIGURES

 

Financial year:                                                   01.01. - 31.12.

Share capital:                                        EUR            500,000.00

The number of employees is not known.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.01

UK Pound

1

Rs.101.99

Euro

1

Rs.81.25

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

NIS

 

               

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.