|
Report Date : |
28.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
PFEIFFER-VACUUM
GMBH |
|
|
|
|
Registered Office : |
Berliner
Str. 43 D 35614 Aßlar |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
18.06.1993 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Manufacture
of other general-purpose machinery |
|
|
|
|
No. of Employees |
638 |
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 |
PFEIFFER-VACUUM GMBH
Company Status: active
Berliner Str. 43
D 35614 Aßlar
Telephone:06441/802-0
Telefax: 06441/802-365
Homepage: www.pfeiffer-vacuum.de
E-mail: info@pfeiffer-vacuum.de
VAT no.: DE112595442
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 18.06.1993
Shareholders'
agreement: 18.06.1993
Registered on: 01.09.1993
Commercial Register: Local court 35578 Wetzlar
under: HRB
1567
Share capital: EUR 7,700,000.00
Shareholder:
Pfeiffer Vacuum
Technology AG
Berliner Str. 43
D 35614 Aßlar
Legal form: Public
limited company
Share capital: EUR
25,261,207.04
Share: EUR 7,700,000.00
Registered on: 01.03.1996
Reg. data: 35578 Wetzlar,
HRB 44
Profit transfer agreement
Manager:
Wolfgang Dondorf
Listringhauser Str. 18
D 51709 Marienheide
having sole power of
representation
born: 18.01.1944
Marital status: married
Manager:
Manfred Bender
D 35452 Heuchelheim
having sole power of
representation
born: 07.03.1965
Manager:
Dr. Matthias Wiemer
D 97421 Schweinfurt
having sole power of
representation
born: 15.08.1958
Proxy:
Armin Conrad
D 35745 Herborn
authorized to jointly
represent the company
born: 19.06.1953
Proxy:
Jürgen Jung
D 35745 Herborn
authorized to jointly
represent the company
born: 28.05.1953
Proxy:
Nathalie Benedikt
D 35510 Butzbach
born: 27.04.1976
Further functions/participations of Wolfgang
Dondorf (Manager)
Shareholder:
Dondorf Beteiligungs- und
Verwaltungs-GmbH
Moltkestr. 23
D 51643 Gummersbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 05.04.2002
Reg. data: 50939 Köln, HRB 39737
Manager:
Dondorf Beteiligungs- und
Verwaltungs-GmbH
Moltkestr. 23
D 51643 Gummersbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 05.04.2002
Reg. data: 50939 Köln, HRB 39737
Further functions/participations of Manfred
Bender (Manager)
President of the Board of Directors:
Pfeiffer Vacuum
Technology AG
Berliner Str. 43
D 35614 Aßlar
Legal form: Public
limited company
Share capital: EUR
25,261,207.04
Registered
on: 01.03.1996
Reg. data: 35578 Wetzlar, HRB 44
Further functions/participations of Dr.
Matthias Wiemer (Manager)
Member of the Board of Directors:
Pfeiffer Vacuum
Technology AG
Berliner Str. 43
D 35614 Aßlar
Legal form: Public
limited company
Share capital: EUR
25,261,207.04
Registered
on: 01.03.1996
Reg. data: 35578 Wetzlar, HRB 44
01.09.1993 - 30.09.2001 Pfeiffer-Vacuum GmbH
Emmeliusstr. 33
D 35614 Aßlar
Private limited
company
Main industrial sector
28290
Manufacture of other general-purpose machinery
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Berliner Str. 43
D 35614 Aßlar
Annual rent: EUR 1,920,000.00
Land register documents were not available.
Principal banks
BHF-BANK, 60323 FRANKFURT AM MAIN
Sort. code: 50020200
BIC: BHFBDEFF500
COMMERZBANK, 35523 WETZLAR
Sort. code: 51540037
BIC: COBADEFFXXX
DEUTSCHE BANK, 35524 WETZLAR
Sort. code: 51570008
BIC: DEUTDEFF515
COMMERZBANK VORMALS DRESDNER BANK, 35524 WETZLAR
Sort. code: 51580044
BIC: DRESDEFF515
Financial year: 01.01. - 31.12.
Turnover: 2013 *EUR 76,560,000.00
Share capital: EUR 7,700,000.00
Equipment: EUR 36,480,000.00
Ac/ts receivable: *EUR 7,018,000.00
Liabilities: *EUR 15,312,000.00
Employees:
638
Profit transfer agreement to:
Pfeiffer Vacuum
Technology AG
Berliner Str. 43
D 35614 Aßlar
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.102.40 |
|
Euro |
1 |
Rs.81.88 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.