|
Report Date : |
30.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SCHIERLE STAHLROHRE KG |
|
|
|
|
Registered Office : |
Blindeisenweg 9, D 41468 Neuss, Post Box: 21 06 51, D 41432 Neuss |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
23.12.1955 |
|
|
|
|
Com. Reg. No.: |
HRA 5295 |
|
|
|
|
Legal Form : |
Limited partnership |
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|
|
|
Line of Business : |
·
Manufacture
of steel pipes (except precision pipes) ·
Wholesale of iron
ores, iron, steel and iron and steel semi-finished goods |
|
|
|
|
No. of Employees : |
103 |
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 : |
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
SCHIERLE STAHLROHRE KG
Company Status: active
Blindeisenweg 9
D 41468 Neuss
Post Box:
21 06 51, D 41432 Neuss
Telephone:02131/36650
Telefax:
02131/3665107
Homepage: www.schierle.de
E-mail: info@schierle.de
VAT no.: DE121281773
Tax
ID number: 122/5938/0548
Business relations are permissible.
LEGAL FORM Limited
partnership
Date of foundation: 23.12.1955
Registered on: 28.07.1999
Register of
companies: Local
court 41460 Neuss
under: HRA
5295
Total cap.
contribution: EUR 62,378.30
Limited
partner:
Melanie Schierle
Bergische Landstr. 237
D 40629 Düsseldorf
born: 17.09.1975
Share: EUR 31,189.15
Limited
partner:
Janine Schierle
D 40210 Düsseldorf
born: 24.10.1979
Share: EUR 31,189.15
General
partner:
Erwin Schierle
Am Scheidt 10a
D 40629 Düsseldorf
born: 17.07.1948
Profession: Businessman
Marital status: married
Proxy:
Anna Christa Mohn
D 40210 Düsseldorf
authorized to jointly
represent the company
born: 27.12.1947
née: Jung
Proxy:
Klaus Rees
D 40764 Langenfeld
authorized to jointly
represent the company
born: 25.06.1948
Proxy:
Frank Schoenfeld
D 40210 Düsseldorf
authorized to jointly
represent the company
born: 27.03.1963
Proxy:
Melanie Schierle
Bergische Landstr. 237
D 40629 Düsseldorf
authorized to jointly
represent the company
born: 17.09.1975
Profession: Businessman
Proxy:
Bernhard Schüler
In Lövenich
D 41812 Erkelenz
authorized to jointly
represent the company
born: 09.05.1963
Further
functions/participations of Erwin Schierle (General
partner)
General
partner:
Erwin Schierle, Harald
Schierle, Dr. Joachim
Hausen und Karl
Friedrichs
Jahnstr. 1
D 40215 Düsseldorf
Legal form: Partnership
under the Civil Code
Limited
partner:
Hydraulik-Aggregate GmbH
& Co.
Kommanditgesellschaft
Blindeisenweg 9
D 41468 Neuss
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 40,903.35
contribution:
Share: EUR 30,677.51
Registered
on: 22.11.1999
Reg. data: 41460 Neuss, HRA 5328
Shareholder:
Schierle
Beteiligungs-GmbH
Blindeisenweg 9
D 41468 Neuss
Legal form: Private limited company
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 28.07.1999
Reg. data: 41460 Neuss, HRB 9940
Shareholder:
Hydraulik-Aggregate
Gesellschaft mit
beschränkter Haftung
Blindeisenweg 9
D 41468 Neuss
Legal form: Private
limited company
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 20.09.1999
Reg. data: 41460 Neuss, HRB 9767
Shareholder:
HSG Düsseldorf
Spielbetriebs GmbH
Arena-Str. 1
D 40474 Düsseldorf
Legal form: Private limited
company
insolvent
Share capital: EUR 25,000.00
Share: EUR 3,250.00
Registered
on: 05.01.2011
Reg. data: 40227 Düsseldorf, HRB 64816
Manager:
Schierle
Beteiligungs-GmbH
Blindeisenweg 9
D 41468 Neuss
Legal form: Private limited
company
Share capital: EUR 25,564.59
Registered
on: 28.07.1999
Reg. data: 41460 Neuss, HRB 9940
Manager:
Hydraulik-Aggregate
Gesellschaft mit
beschränkter Haftung
Blindeisenweg 9
D 41468 Neuss
Legal form: Private
limited company
Share capital: EUR
25,564.59
Registered
on: 20.09.1999
Reg. data: 41460 Neuss, HRB 9767
President of
the Board of Directors:
HSG ART/HSV Düsseldorf
Hüttenstr. 82
D 40215 Düsseldorf
Legal form: Registered
association
Registered
on: 01.05.1982
Reg. data: 40227 Düsseldorf, VR 6297
23.12.1955 - 28.07.1999 Eduard Schierle Stahlrohre GmbH & Co. KG
Höherweg 264
D 40231 Düsseldorf
Ltd partnership with
priv. ltd. company
as general partner
28.07.1999 - 26.04.2001 Schierle Stahlrohre GmbH & Co. KG
Blindeisenweg 9
D 41468 Neuss
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
24201
Manufacture of steel pipes (except precision pipes)
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods
Branch:
Schierle Stahlrohre
KG
Westringstr. 174
D 04435 Schkeuditz
TEL.: 034205-7350
FAX.: 034205-73520
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Blindeisenweg
9
D 41468 Neuss
Real Estate of: Erwin Schierle
Type of ownership: proprietor
Share: 100.00 %
Address Am Scheidt 10 a
D 40629
Düsseldorf
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 40002 DÜSSELDORF
Sort. code: 30080000
BIC: DRESDEFF300
Further banks
COMMERZBANK, 40002 DÜSSELDORF
Sort. code: 30040000
BIC: COBADEDDXXX
VOLKSBANK DÜSSELDORF NEUSS, 40012 DÜSSELDORF
Sort. code: 30160213
BIC: GENODED1DNE
Financial
year: 01.01. - 31.12.
Turnover: 2012 EUR 44,000,000.00
2013 EUR 44,100,000.00
further business figures:
Equipment: EUR 800,000.00
Employees:
103
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 : |
NNA |
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.