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Report Date : |
14.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
WOODWARD GMBH |
|
|
|
|
Registered Office : |
Handwerkstr. 29, D 70565 Stuttgart |
|
|
|
|
Country : |
Germany |
|
|
|
|
Year of Establishment : |
1946 |
|
|
|
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Com. Reg. No.: |
HRB 14131 |
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|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Manufacture
of Instruments and Appliances for Measuring, Testing and Navigation |
|
|
|
|
No. of Employees : |
No Employee |
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 : |
Unknown |
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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 – 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 |
Woodward
GmbH
Company Status: active
Handwerkstr. 29
D 70565 Stuttgart
Telephone:0711/78954-0
Telefax: 0711/78954-100
Homepage: www.woodward.com
E-mail: stgt-info@woodward.com
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1946
Shareholders'
agreement: 26.06.1990
Registered on: 26.07.1990
Commercial Register: Local court 70190 Stuttgart
under: HRB
14131
EUR
150,320.00
Shareholder:
Woodward Aken GmbH
Köthener Chaussee 46
D 06385 Aken
Legal form: Private
limited company
Share capital: EUR 1,022,583.76
Share: EUR 150,320.00
Registered on: 10.08.1990
Reg. data: 39576 Stendal,
HRB 10125
Control and profit
transfer agreement
Manager:
Christian Kochheim
D 70565 Stuttgart
having sole power of
representation
born: 04.02.1970
Marital status: unknown
Proxy:
Rüdiger Wolff
Lindenhof 7
D 71263 Weil der Stadt
having sole power of
representation
born: 01.08.1974
Proxy:
Carol Sue Brungardt
D 70565 Stuttgart
having sole power of
representation
born: 09.03.1957
Proxy:
Ulrike Verena Mattes
D 70771
Leinfelden-Echterdingen
having sole power of
representation
born: 22.04.1978
Further functions/participations of Christian Kochheim
(Manager)
Manager:
Woodward Power Solutions
GmbH
Krefelder Weg 47
D 47906 Kempen
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 12.08.2008
Reg. data: 47798 Krefeld, HRB 12060
Manager:
Woodward Kempen GmbH
Krefelder Weg 47
D 47906 Kempen
Post Box:
10 07 55
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 24.08.2010
Reg. data: 47798 Krefeld, HRB 13089
26.06.1990 - 03.09.1999 Leonhard-Reglerbau Dr.-Ing. Adolf
Leonhard GmbH
Robert-Koch-Str. 83
D 70563 Stuttgart
Private limited
company
04.09.1999 - 25.02.2000 Leonhard-Reglerbau Dr.-Ing. Adolf
Leonhard GmbH
Handwerkstr. 29
D 70565 Stuttgart
Private limited
company
25.02.2000 - 28.08.2007 Woodward Governor Company
Leonhard-Reglerbau
GmbH (bis 28.08.2007)
Handwerkstr. 29
D 70565 Stuttgart
Private limited
company
13.04.1995 - 29.11.2012 Manager
Gerhard Albrecht
Lauffer
D 70565 Stuttgart
Main industrial sector
26511
Manufacture of instruments and appliances for measuring, testing and
navigation
Payment experience: within periods customary in this trade
Negative
information:We have no negative information at hand.
Type of ownership: Tenant
Address Handwerkstr.
29
D 70565 Stuttgart
Land register documents were not available.
Principal bank
J.P. MORGAN, 60311 FRANKFURT AM MAIN
Sort. code: 50110800, Account no.: 6161509325
BIC: CHASDEFXXXX, IBAN: DE21501108006161509325
Further bank
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101
BIC:
SOLADEST600
Financial year: 01.10.
- 30.09.
Share capital: EUR 150,320.00
The
number of employees is not known.
Control and profit transfer agreement to:
Woodward Aken GmbH
Köthener Chaussee 46
D 06385 Aken
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.25 |
|
|
1 |
Rs.98.68 |
|
Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.