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Report Date : |
16.05.2014 |
IDENTIFICATION DETAILS
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Name : |
DECKEL MAHO SEEBACH GMBH |
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Registered Office : |
Neue Str. 61, D 99846 Seebach |
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Country : |
Germany |
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Date of Incorporation : |
21.11.1994 |
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Com. Reg. No.: |
HRB 403305 |
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Legal Form : |
Private limited company |
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Line of Business : |
Manufacture of other general-purpose machinery |
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No. of Employees |
Not Available |
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 |
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Status : |
Satisfactory |
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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 – 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 |
Deckel Maho Seebach GmbH
Neue Str. 61
D 99846 Seebach
Telephone:036929/8120
Telefax:
036929/812350
Homepage: www.deckel-maho.de
E-mail:
info@deckel-maho.de
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 21.11.1994
Shareholders' agreement: 21.11.1994
Registered on: 11.05.1995
Commercial Register: Local court 07745 Jena
under: HRB
403305
Share capital: EUR 8,181,000.00
Gildemeister
Beteiligungen GmbH
Gildemeisterstr. 60
D 33689 Bielefeld
Legal form: Private
limited company
Share capital: EUR
55,000,000.00
Share: EUR 7,750,000.00
Registered on: 28.08.2012
Reg. data: 33602
Bielefeld, HRB 40806
Shareholder:
DMG MORI SEIKI
AKTIENGESELLSCHAFT
Gildemeisterstr. 60
D 33689 Bielefeld
Post Box:
11 03 51, D 33663
Bielefeld
Legal form: Public limited
company
Share capital: EUR
204,926,784.40
Share: EUR 431,000.00
Registered on: 22.08.1899
Reg. data: 33602
Bielefeld, HRB 7144
Hans-Günter Dose
Neue Str. 16
D 99846 Seebach
born: 12.12.1954
Manager:
Peter Weber
A Kolsassberg
born: 18.09.1968
Nationality: Austrian
Heiko Oschmann
Dorfstr. 41
D 99848 Wutha-Farnroda
authorized to jointly
represent the company
Profession: graduate
engineer
Proxy:
Andreas Schmidt
Langenhainer Str. 12
D 99891 Tabarz
authorized to jointly
represent the company
born: 29.09.1957
Proxy:
Antje Kunkies
D 33602 Bielefeld
authorized to jointly
represent the company
born: 07.04.1976
Main industrial sector
282
Manufacture of other general-purpose machinery
Secondary industrial sector
Branch:
Deckel Maho Seebach GmbH
Lausitzer Str. 7
D 82538 Geretsried
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Neue Str. 61
D 99846 Seebach
Land register documents were not available.
Principal bank
WARTBURG-SPARKASSE, 99804 EISENACH, THÜR
Sort. code: 84055050
BIC: HELADEF1WAK
Further banks
WARTBURG-SPARKASSE, 99846 SEEBACH B EISENACH,
THÜR
Sort.
code: 84055050, Account no.: 17841
BIC: HELADEF1WAK
DEUTSCHE BANK, 33501 BIELEFELD
Sort. code: 48070020
BIC: DEUTDE3BXXX
LANDESBANK HESSEN-THÜR GIROZENTRALE ERFURT,
99084 ERFURT
Sort. code: 82050000, Account no.: 3000001028
BIC: HELADEFF820
LANDESBANK
HESSEN-THÜRINGEN GIROZENTRALE NL. DÜSSELDORF, 40019
DÜSSELDORF
Sort. code: 30050000, Account no.: 426437
BIC: WELADEDDXXX
FINANCIAL FIGURES
Financial year: 01.01. - 31.12.
Turnover: 2012 EUR 300,000,000.00
2013 EUR 260,000,000.00
Expected turnover: EUR 260,000,000.00
further business figures:
Share capital: EUR 8,181,000.00
Equipment: EUR 3,880,000.00
Real
estate of the firm:
EUR 17,000,000.00
Employees:
525
-
Trainees:
40
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.47 |
|
|
1 |
Rs.99.70 |
|
Euro |
1 |
Rs.81.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PDT |
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.