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Report Date : |
19.03.2014 |
IDENTIFICATION DETAILS
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Name : |
OVENTROP GMBH & CO. KG |
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Registered Office : |
Paul-Oventrop-Str.
1, D 59939 Olsberg |
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Country : |
Germany |
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Year of Establishments: |
1851 |
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Com. Reg. No.: |
HRA 4050 |
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Legal Form : |
Ltd partnership with priv. ltd. company as general
partner |
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Line of Business : |
· Manufacturers of valves and controls for the Building Services Industry · Wholesaler & suppliers of plumbing and heating equipment Subject product ranges includes: · Radiator Valves · Surface Heating & Cooling · Balancing Valves (Valves For Hydronic Balancing) · Heating Oil Valves · Boiler And Pump Valves · General Valves · Valves For Water Distribution |
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No. of Employees |
870 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
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, contributed to strong
growth in 2006 and 2007 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 6.5% in 2012. GDP contracted 5.1% in
2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012
- a reflection of low investment spending due to crisis-induced uncertainty and
the decreased demand for German exports from recession-stricken periphery
countries. 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. 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. By 2014, the federal government wants
to balance its budget. 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 |
Oventrop GmbH & Co. KG
Paul-Oventrop-Str.
1
D 59939 Olsberg
Telephone: 02962/820
Telefax: 02962/82400
Homepage: www.oventrop.de
E-mail: mail@oventrop.de
DE124283065
active
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1851
Begin of business
activities: 1851
Registered on: 01.01.1952
Register of
companies: Local
court 59821 Arnsberg
under: HRA
4050
Total cap. contribution: EUR
15,840,000.00
Georg Rump
In den Dichten
Weiden 11
D 59939 Olsberg
born: 25.04.1946
Share: EUR 4,928,000.00
Limited partner:
Jochen Fähnrich
Unter'm Hagen 18a
D 59939 Olsberg
born: 24.04.1952
Share: EUR 4,620,000.00
Limited partner:
Susanne Fähnrich
Am Bodethof 17
D 50259 Pulheim
born: 01.03.1954
Share: EUR 3,740,000.00
Limited partner:
Eckart Rump
Bergstr. 13
D 52159 Roetgen
born: 27.10.1948
Share: EUR 1,760,000.00
Limited partner:
Johannes Rump
D 59939 Olsberg
born: 07.10.1982
Share: EUR 792,000.00
OV
Verwaltungs-GmbH
Paul-Oventrop-Str.
1
D 59939 Olsberg
Legal form:
Private limited company
Share
capital: EUR 28,800.00
Registered on:
30.03.1998
Reg. data: 59821
Arnsberg, HRB 3860
Georg Rump
In den Dichten
Weiden 11
D 59939 Olsberg
born: 25.04.1946
Share: EUR 8,960.00
Shareholder:
Jochen Fähnrich
Unter'm Hagen 18a
D 59939 Olsberg
born: 24.04.1952
Share: EUR 8,400.00
Shareholder:
Susanne Fähnrich
Am Bodethof 17
D 50259 Pulheim
born: 01.03.1954
Share: EUR 6,800.00
Shareholder:
Eckart Rump
Bergstr. 13
D 52159 Roetgen
born: 27.10.1948
Share: EUR 3,200.00
Shareholder:
Johannes Rump
D 59939 Olsberg
born: 07.10.1982
Share: EUR 1,440.00
Jochen Fähnrich
Unter'm Hagen 18a
D 59939 Olsberg
having sole power
of representation
born: 24.04.1952
Marital status:
married
Manager:
Georg Rump
In den Dichten Weiden 11
D 59939 Olsberg
having sole power of
representation
born: 25.04.1946
Profession: Fully
qualified economic
engineer
Property regime: Statutory
matrimonial
property regime
Marital status: married
Heinrich Betten
D 59929 Brilon
authorized to
jointly represent the company
Proxy:
Bernhard Schaub
D 59909 Bestwig
authorized to jointly
represent the company
Proxy:
Herbert Fritz
D 59929 Brilon
authorized to jointly
represent the company
born: 14.12.1956
Profession: graduate
engineer
Proxy:
Kai Haasler
Elisabethstr. 6
D 59939 Olsberg
authorized to jointly
represent the company
Profession: Businessman
Proxy:
Manfred Quirmbach
D 59939 Olsberg
authorized to jointly
represent the company
born: 19.01.1959
Proxy:
Klaus Frese
D 59939 Olsberg
authorized to jointly
represent the company
born: 27.09.1972
Profession: Industrial
manager
Proxy:
Siegmund Michel
D 59929 Brilon
authorized to jointly
represent the company
born: 07.10.1959
Proxy:
Walther Tillner
Weizenkamp 7
D 59872 Meschede
authorized to jointly represent
the company
born: 14.01.1969
Proxy:
Udo Kaspari
D 59955 Winterberg
authorized to jointly
represent the company
born: 10.05.1963
Proxy:
Christof Brüggemann
D 59909 Bestwig
authorized to jointly
represent the company
born: 21.06.1968
Proxy:
Johannes Rump
D 59939 Olsberg
authorized to jointly represent
the company
born: 07.10.1982
01.01.1952 - 03.08.1988 F.W. Oventrop Arn. Sohn,
Kommanditgesellschaft
Paul Oventropstraße
D 59939 Olsberg
Limited partnership
03.08.1988 - 03.04.1998 F.W. Oventrop KG
Paul Oventropstraße
D 59939 Olsberg
Limited partnership
03.04.1998 - 13.08.2010 F. W. Oventrop GmbH & Co. KG
Paul-Oventrop-Str. 1
D 59939 Olsberg
Limited partnership
· Manufacturers of valves and controls for the Building Services Industry
· Wholesaler & Suppliers of plumbing and heating equipment
Subject product ranges includes:
· Radiator Valves
· Surface Heating & Cooling
· Balancing Valves (Valves For Hydronic Balancing)
· Heating Oil Valves
· Boiler And Pump Valves
· General Valves
· Valves For Water Distribution
Works:
Oventrop GmbH & Co. KG
Hinterm Gallberg
D 59929 Brilon
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Paul-Oventrop-Str.
1
D 59939 Olsberg
Type of real estate: factory building
Type of ownership: proprietor
Share: 100.00 %
Address Hinterm
Gallberg
D 59929 Brilon
Type of real estate: factory building
Real Estate of: OV
Verwaltungs-GmbH
Type of ownership: unknown
Address Paul-Oventrop-Str.
1
D 59939 Olsberg
Land register documents were not available.
Principal bank
COMMERZBANK, 58463 LÜDENSCHEID
Sort. code: 45840026
BIC: COBADEFF458
Further banks
DEUTSCHE BANK, 59524 LIPPSTADT
Sort. code: 41670027
BIC: DEUTDE3B416
COMMERZBANK VORMALS DRESDNER BANK, 44047
DORTMUND
Sort. code: 44080050
BIC: DRESDEFF440
VOLKSBANK BRILON -ALT-, 59920 BRILON
Sort. code: 41661719
BIC: GENODEM1BRI
SPARKASSE HOCHSAUERLAND, 59929 BRILON
Sort. code: 41651770
BIC: WELADED1HSL
Financial year:
01.01. - 31.12.
Turnover:
2012 EUR 135,000,000.00
2013 EUR 134,000,000.00
further business figures:
Equipment: *EUR 5,220,000.00
Ac/ts receivable: *EUR 5,655,000.00
Liabilities: *EUR 10,875,000.00
Total numbers of vehicles: 46
- Lorries:
1
- Passenger cars:
45
Employees:
870
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.60.95 |
|
|
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.84.89 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>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 |
|
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
|
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
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-- |
NB |
New Business |
-- |
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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.