|
Report Date : |
16.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROBERT SEUFFER GMBH & CO. KG |
|
|
|
|
Registered Office : |
Bärental 26, D 75365 Calw, Post Box:
1355, D 75365 Calw |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
01.01.1926 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd.
company as general partner |
|
|
|
|
Line of Business : |
Manufacture of instruments and appliances
for measuring, testing and navigation |
|
|
|
|
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 |
|
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 |
ROBERT SEUFFER GMBH & CO. KG
Company Status: active
Bärental 26
D 75365 Calw
Post Box:
1355, D 75365 Calw
Telephone:07051/6001-0
Telefax:
07051/6002-0
Homepage: www.seuffer.de
E-mail:
info@seuffer.de
VAT no.: DE144427363
Business
relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 01.01.1926
Registered on: 04.03.1947
Register of
companies:
Local court 70190 Stuttgart
under: HRA
330329
Total cap. contribution: EUR 7,000,000.00
Limited partner:
Seuffer GmbH & Co. KG
Bärental 26
D 75365 Calw
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 3,500,000.00
contribution:
Share: EUR 3,500,000.00
Registered on: 14.06.2011
Reg. data: 70190
Stuttgart, HRA 726485
Limited partner:
Industria
Vermögensverwaltung GmbH & Co. KG
Hasenbergsteige 31
D 70197 Stuttgart
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 2,625,000.00
Registered on: 08.06.1961
Reg. data: 70190
Stuttgart, HRA 7167
Limited partner:
Neue-Indu-Gesellschaft I.
Oberländer GmbH &
Co. KG
Hasenbergsteige 31
D 70197 Stuttgart
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 127,822.71
contribution:
Share: EUR 875,000.00
Registered on: 20.08.1954
Reg. data: 70190
Stuttgart, HRA 5420
General partner:
Robert Seuffer
Verwaltungs GmbH
Bärental 26
D 75365 Calw
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 14.06.2011
Reg. data: 70190
Stuttgart, HRB 737783
Shareholder:
Robert Seuffer GmbH &
Co. KG
Bärental 26
D 75365 Calw
Post Box:
1355, D 75365 Calw
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR
7,000,000.00
contribution:
Share: EUR 25,000.00
Registered on: 04.03.1947
Reg. data: 70190
Stuttgart, HRA 330329
Manager:
Dr. Wilhelm (genannt Willi) Enderle
D 67269 Grünstadt
having sole power of
representation
born: 07.08.1957
Profession: Engineer
Proxy:
Hans Erich Ditscheid
Birkenweg 20
D 75059 Zaisenhausen
born: 30.06.1959
Marital status: married
Proxy:
Peter Krust
D 75172 Pforzheim
authorized to jointly
represent the company
born: 04.07.1963
Main industrial sector
26512
Manufacture of instruments and appliances for measuring,
testing and navigation
Shareholder:
Robert Seuffer
Verwaltungs GmbH
Bärental 26
D 75365 Calw
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 14.06.2011
Local court
70190 Stuttgart
HRB
737783
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Bärental
26
D 75365 Calw
Real Estate of: Robert
Seuffer Verwaltungs GmbH
Type of ownership: Tenant
Address Bärental
26
D 75365 Calw
Land register documents were not available.
Principal bank
VEREINIGTE VOLKSBANK, 75365 CALW
Sort. code: 60390000
BIC: GENODES1BBV
Further banks
COMMERZBANK VORMALS DRESDNER BANK, 75105
PFORZHEIM
Sort. code: 66680013
BIC: DRESDEFF666
SPARKASSE PFORZHEIM CALW, 75162 PFORZHEIM
Sort. code: 66650085
BIC: PZHSDE66XXX
VOLKSBANK
PFORZHEIM, 75172 PFORZHEIM
Sort. code: 66690000
BIC: VBPFDE66XXX
Financial year: 01.01. - 31.12.
Equipment: EUR 2,500,000.00
Ac/ts receivable: EUR 3,900,000.00
Liabilities: EUR 2,900,000.00
Real estate of the firm: EUR 2,300,000.00
The
number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.11 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.68 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
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.