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Report Date : |
11.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
FRIZLEN GMBH U. CO KG. |
|
|
|
|
Registered Office : |
Gottlieb-Daimler-Str. 61, D 71711 Murr |
|
|
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Country : |
Germany |
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Date of Incorporation : |
1914 |
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|
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Legal Form : |
Limited Partnership With Private Limited Company
as General Partner |
|
|
|
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Line of Business : |
·
Manufacture
of electric motors, generators and transformators ·
Manufacture
of other electric equipment |
|
|
|
|
No of Employees : |
107 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
FRIZLEN GMBH U. CO KG.
Company Status: active
Gottlieb-Daimler-Str. 61
D 71711 Murr
Telephone:07144/8100-0
Telefax:
07144/207630
Homepage: www.frizlen.com
E-mail:
info@frizlen.com
VAT
no.: DE146127322
Business relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd.
company as general partner
Date of foundation: 1914
Registered on: 29.02.1972
Register of
companies: Local court 70190 Stuttgart
under:
HRA 310266
Total cap. contribution: EUR 40,000.00
Limited partner:
Julia Horn
D 71711 Steinheim
born: 24.01.1981
née: Gehrung
Share: EUR 32,000.00
Limited partner:
Angela Gehrung
D 71711 Steinheim
born: 23.10.1947
née: Schimanko
Share: EUR 8,000.00
General partner:
Ernst Gehrung
Steinstr. 3
D 71711 Steinheim
born: 02.12.1944
Profession: Self-employed
engineer
Marital status: married
General partner:
Frizlen Verwaltungs-GmbH
Gottlieb-Daimler-Str. 61
D 71711 Murr
Legal form: Private limited
company
Share capital: EUR 26,000.00
Registered on: 24.09.1981
Reg. data: 70190
Stuttgart, HRB 310330
Shareholder:
Frizlen GmbH u. Co KG.
Gottlieb-Daimler-Str. 61
D 71711 Murr
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 40,000.00
contribution:
Share: EUR 26,000.00
Registered on: 29.02.1972
Reg. data: 70190
Stuttgart, HRA 310266
Manager:
Ernst Gehrung
Steinstr. 3
D 71711 Steinheim
born: 02.12.1944
Profession: Self-employed
engineer
Marital status: married
Manager:
Julia Horn
D 71711 Steinheim
having sole power of
representation
born: 24.01.1981
née: Gehrung
Proxy:
Helmut Bätge
D 71711 Steinheim
having sole power of
representation
Further functions/participations of Ernst
Gehrung (General
partner)
Manager:
EGIO-Verwaltungs-GmbH
Steinstr. 3
D 71711 Steinheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 08.04.2013
Reg. data: 70190 Stuttgart, HRB 744657
Manager:
Frizlen Verwaltungs-GmbH
Gottlieb-Daimler-Str. 61
D 71711 Murr
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 24.09.1981
Reg. data: 70190 Stuttgart, HRB 310330
Manager:
EGAS-Verwaltungs-GmbH
Steinstr. 3
D 71711 Steinheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 10.04.2013
Reg. data: 70190 Stuttgart, HRB 744705
1914 - 31.12.1947 Carl Frizlen AG
D 71634 Ludwigsburg
Public limited
company
01.01.1948 - 28.02.1972 Frizlen GmbH u. Co KG.
D 71634 Ludwigsburg
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
27110
Manufacture of electric motors, generators and transformators
27900
Manufacture of other electric equipment n.e.c.
Shareholder:
Frizlen Verwaltungs-GmbH
Gottlieb-Daimler-Str. 61
D 71711 Murr
Legal form: Private
limited company
Company Status: active
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 24.09.1981
Local court
70190 Stuttgart
HRB 310330
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Gottlieb-Daimler-Str. 61
D 71711 Murr
Real Estate of: Frizlen Verwaltungs-GmbH
Type of ownership: Tenant
Address Gottlieb-Daimler-Str. 61
D 71711 Murr
Land register documents were not available.
DEUTSCHE BANK, 71603 LUDWIGSBURG, WÜRTT
Sort. code: 60470082
BIC: DEUTDESS604
KREISSPARKASSE LUDWIGSBURG, 71606 LUDWIGSBURG,
WÜRTT
Sort. code: 60450050
BIC:
SOLADES1LBG
Financial year: 01.01. - 31.12.
Turnover: 2012 EUR 15,000,000.00
2013 EUR 15,400,000.00
Expected turnover: EUR 16,000,000.00
further business figures:
Equipment: EUR 2,200,000.00
Ac/ts receivable: EUR 500,000.00
Liabilities: EUR 170,000.00
Total numbers of vehicles: 6
-
Passenger cars: 6
Employees:
107
-
thereof permanent staff: 99
-
Part-time employees: 6
- Trainees:
2
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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.