|
Report Date : |
29.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
FWT
TRADE GMBH |
|
|
|
|
Registered Office : |
Auf der
Höhe 4 D 56477 Waigandshain |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
21.11.2013 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Subject
is engaged in Production of electricity ·
Activities
of holding companies |
|
|
|
|
No. of Employees : |
82 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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, 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 |
NOTE :
Your
inquiry: FWT Trade GmbH, Am Witschenberg 2, D 57271 Hilchenbach
The subject of your inquiry is a branch.
We are
reporting on the headquarters.
FWT TRADE GMBH
Company Status: active
Auf der Höhe 4
D 56477 Waigandshain
Telephone:02664/99200901
Telefax: 02664/99200111
Homepage: www.fwt-trade.de
E-mail: contact@fwt-trade.com
Trade name: Windtechnologien
VAT no.: DE815408122
Tax ID number: 342/5855/2950
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 10.12.2012
Shareholders'
agreement: 10.12.2012
Registered on: 21.11.2013
Commercial Register: Local court 56410
Montabaur
under: HRB
23813
Share capital: EUR 100,000.00
Shareholder:
Bernd Gieseler
Am Witschenberg 2
D 57271 Hilchenbach
born: 27.01.1970 in
Siegen
Share: EUR 100,000.00
Manager:
Bernd Gieseler
Am Witschenberg 2
D 57271 Hilchenbach
having sole power of
representation
born: 27.01.1970 in
Siegen
Proxy:
Wolf Henning Zint
Ahornstr. 11
D 57299 Burbach
authorized to jointly
represent the company
born: 23.08.1967
Proxy:
Ricardo Gava
D 56477 Waigandshain
authorized to jointly
represent the company
born: 12.12.1979
Further functions/participations of Bernd
Gieseler (Manager)
Proprietor:
Bernd Gieseler
Am Witschenberg 2
D 57271 Hilchenbach
Legal form: Unregistered
commercial
enterprise
Limited partner:
R & MS
Solutionpartner GmbH & Co. KG
Am Witschenberg 2
D 57271 Hilchenbach
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 25,000.00
contribution:
Share: EUR 25,000.00
Registered
on: 17.02.2014
Reg. data: 57072 Siegen, HRA 8909
Limited partner:
FWT energy GmbH & Co.
KG
Am Witschenberg 2
D 57271 Hilchenbach
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 20,000.00
contribution:
Share: EUR 20,000.00
Registered
on:
09.09.2013
Reg. data: 57072 Siegen, HRA 8853
Shareholder:
R & MS
Solutionpartner Verwaltungs-GmbH
Am Witschenberg 2
D 57271 Hilchenbach
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 13.02.2014
Reg. data: 57072 Siegen, HRB 10325
Shareholder:
FWT Real Estate GmbH
Am Witschenberg 2
D 57271 Hilchenbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 1,500.00
Registered
on: 01.10.2013
Reg. data: 57072 Siegen, HRB 10200
Manager:
FWT Real Estate GmbH
Am Witschenberg 2
D 57271 Hilchenbach
Legal form: Private
limited company
Share capital: EUR
25,000.00
Registered
on: 01.10.2013
Reg. data: 57072 Siegen, HRB 10200
Manager:
R & MS
Solutionpartner Verwaltungs-GmbH
Am Witschenberg 2
D 57271 Hilchenbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 13.02.2014
Reg. data: 57072 Siegen, HRB 10325
Manager:
FWT Production GmbH
Auf der Höhe 4
D 56477 Waigandshain
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 20.11.2013
Reg. data: 56410 Montabaur, HRB 23811
Manager:
FWT Service GmbH
Auf der Höhe 4
D 56477 Waigandshain
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 06.11.2013
Reg. data: 56410 Montabaur, HRB 23796
11.01.2013 - 21.11.2013 FWT Trade GmbH
Am Witschenberg 2
D 57271 Hilchenbach
Private limited
company
Main industrial sector
3511
Production of electricity
64200 Activities of holding companies
70109 Other activities of head offices
Branch:
FWT Trade GmbH
Am Witschenberg 2
D 57271 Hilchenbach
TEL.: 02664/992000
General partner:
FWT energy GmbH & Co.
KG
Am Witschenberg 2
D 57271 Hilchenbach
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR
20,000.00
contribution:
Reg. data: 09.09.2013
Local court
57072 Siegen
HRA 8853
Shareholder:
FWT Production GmbH
Auf der Höhe 4
D 56477 Waigandshain
Legal form: Private
limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 50,000.00
Reg. data: 20.11.2013
Local court
56410 Montabaur
HRB 23811
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Am
Witschenberg 2
D 57271 Hilchenbach
Type of ownership: Tenant
Address Auf
der Höhe 4
D 56477 Waigandshain
Real Estate of: Bernd
Gieseler
Type of ownership: Tenant
Address Am
Witschenberg 2
D 57271 Hilchenbach
Land register documents were not available.
COMMERZBANK, 57002 SIEGEN
Sort. code: 46040033, Account no.: 816790000
BIC: COBADEFF460
STADTSPARKASSE HILCHENBACH, 57261 HILCHENBACH,
SIEGERLAND
Sort. code: 46051875
BIC: WELADED1HIL
Financial year: 11.01. - 31.12.
Turnover: 2013 EUR 32,000,000.00
Expected turnover: EUR 50,000,000.00
Profit: 2013 EUR 500,000.00
Share capital: EUR 100,000.00
Total numbers of
vehicles:
1
- Passenger cars:
1
Employees:
82
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
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.