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Report Date : |
17.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
WILLBRANDT KG |
|
|
|
|
Registered Office : |
Schnackenburgallee 180, D 22525 Hamburg |
|
|
|
|
Country : |
Germany |
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|
|
|
Year of Establishment : |
1892 |
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|
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Com. Reg. No.: |
HRA 43554 |
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|
|
Legal Form : |
Limited Partnership |
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|
|
Line of Business : |
Manufacture of Rubber Products |
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|
|
|
No. of Employees : |
90 |
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 |
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|
|
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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 |
Willbrandt
KG
Company Status: Active
Schnackenburgallee 180
D 22525 Hamburg
Telephone:040/5400930
Telefax: 040/54009347
Homepage: www.willbrandt.de
E-mail: info@willbrandt.de
Willbrandt Gummitechnik
DE118085468
Business relations are permissible.
LEGAL FORM Limited partnership
Date of foundation: 1892
Registered
on: 09.11.1894
Register of
companies: Local
court 20355 Hamburg
under: HRA
43554
EUR 780,000.00
Hildegard Sattelmacher
Wittenbergener Weg 22
D 22559 Hamburg
born: 12.06.1948
née: Rütter
Share: EUR 390,000.00
Limited partner:
Helga Gutzeit
Pinneberger Chaussee 87
D 22523 Hamburg
born: 09.03.1936
née: Moritz
Share: EUR 150,000.00
Limited partner:
Jörg Sattelmacher
Wittenbergener Weg 22
D 22559 Hamburg
born: 27.09.1975
Share: EUR 75,000.00
Limited partner:
Maren Ploch-Schubert
Fuhlsbüttler Str. 609
D 22337 Hamburg
born: 21.11.1941
née: Sattelmacher
Share: EUR 75,000.00
Limited partner:
Anja Sattelmacher
Wittenbergener Weg 22
D 22559 Hamburg
born: 05.04.1982
Share: EUR 75,000.00
Limited partner:
Verwaltungsgesellschaft
Sattelmacher GmbH
Schnackenburgallee 180
D 22525 Hamburg
Post Box:
54 08 20, D 22508 Hamburg
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 15,000.00
Registered on: 13.02.1984
Reg. data: 20355 Hamburg,
HRB 32083
General partner:
Rainer Georg Friedrich
Sattelmacher
Schnackenburgallee 180
D 22525 Hamburg
born: 07.09.1942
Profession: Fully
qualified political
economist
Marital status: married
General partner:
Per-Olof Arndt
Am Maisfeld 47
D 22941 Bargteheide
born: 16.09.1972
Profession: Fully
qualified merchant
Proxy:
Wilhelm Müller
Hohe Luft 6
D 27419 Wohnste
having sole power of representation
born: 21.05.1957
Profession: graduate
engineer
Proxy:
Oliver Kielmann
D 22525 Hamburg
having sole power of
representation
born: 26.02.1970
Proxy:
Michael Heise
D 21394 Westergellersen
having sole power of
representation
born: 16.01.1970
Proxy:
Anja Kerler
D 22525 Hamburg
having sole power of
representation
born: 28.07.1971
Proxy:
Jörg Brockmann
D 30966 Hemmingen
having sole power of
representation
born: 28.04.1978
Proxy:
Arnold Ibs
D 25335 Elmshorn
Marital status: unknown
Further functions/participations of Rainer
Georg Friedrich
Sattelmacher (General partner)
General partner:
SATTELMACHER KG
Schnackenburgallee 180
D 22525 Hamburg
Post Box:
54 08 20
Legal form: Limited
partnership
Total cap. EUR 225,000.00
contribution:
Registered
on: 21.02.1933
Reg. data: 20355 Hamburg, HRA 37923
Shareholder:
Verwaltungsgesellschaft
Sattelmacher GmbH
Schnackenburgallee 180
D 22525 Hamburg
Post Box:
54 08 20, D 22508 Hamburg
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Registered
on: 13.02.1984
Reg. data: 20355 Hamburg, HRB 32083
Manager:
Verwaltungsgesellschaft
Sattelmacher GmbH
Schnackenburgallee 180
D 22525 Hamburg
Post Box:
54 08 20, D 22508 Hamburg
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 13.02.1984
Reg. data: 20355 Hamburg, HRB 32083
Further functions/participations of Per-Olof
Arndt (General
partner)
General partner:
SATTELMACHER KG
Schnackenburgallee 180
D 22525 Hamburg
Post Box:
54 08 20
Legal form: Limited
partnership
Total cap. EUR 225,000.00
contribution:
Registered
on: 21.02.1933
Reg. data: 20355 Hamburg, HRA 37923
Manager:
Verwaltungsgesellschaft
Sattelmacher GmbH
Schnackenburgallee 180
D 22525 Hamburg
Post Box:
54 08 20, D 22508 Hamburg
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 13.02.1984
Reg. data: 20355 Hamburg, HRB 32083
Manager:
J. Meinert GmbH
Adlerhorst 19
D 22459 Hamburg
Post Box:
61 04 67, D 22424 Hamburg
Legal form: Private
limited company
Share capital: EUR 260,000.00
Registered
on: 05.06.1990
Reg. data: 20355 Hamburg, HRB 44541
Manager:
Best Vibration GmbH
Reinhold-Schleese-Str. 22
D 30179 Hannover
Legal form: Private
limited company
Share
capital: EUR 150,000.00
Registered
on: 29.04.2002
Reg. data: 30175 Hannover, HRB 60254
09.11.1894 - 07.10.2003 Willbrandt & Co. KG
Schnackenburgallee
180
D 22525 Hamburg
Limited partnership
Sectors
22190
Manufacture of other rubber products
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
71122
Engineering activities in the field of technical sectoral planning
andengineering design
71200
Technical testing and analysis
Branch:
Willbrandt KG
Breitenbachstr. 7-9
D 13509 Berlin
TEL.: 030/435502-25
FAX.: 030/43550230
Branch:
Willbrandt KG
Großer Kolonnenweg 18
D 30163 Hannover
TEL.: 0511/99046-0
FAX.: 0511/9904699
Shareholder:
J. Meinert GmbH
Adlerhorst 19
D 22459 Hamburg
Post Box:
61 04 67
Legal form: Private
limited company
Company Status: active
Share capital: EUR 260,000.00
Share: EUR 260,000.00
Reg. data: 05.06.1990
Local court
20355 Hamburg
HRB 44541
Shareholder:
Best Vibration GmbH
Reinhold-Schleese-Str. 22
D 30179 Hannover
Legal form: Private
limited company
Company Status: active
Share capital: EUR
150,000.00
Share: EUR 150,000.00
Reg. data: 29.04.2002
Local court
30175 Hannover
HRB 60254
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Schnackenburgallee
180
D 22525 Hamburg
Land register documents were not available.
Principal banks
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000, Account no.: 4563300
BIC: COBADEHHXXX, IBAN: DE47200400000456330000
UNICREDIT BANK - HYPOVEREINSBANK, 20454
HAMBURG
Sort.
code: 20030000, Account no.: 4101275
BIC: HYVEDEMM300, IBAN: DE92200300000004101275
Financial year: 01.01. - 31.12.
Turnover: 2012 *EUR 11,099,500.00
2013 *EUR
11,099,500.00
further business figures:
Equipment: *EUR 690,000.00
Ac/ts receivable: *EUR 510,000.00
Liabilities: *EUR 479,500.00
Employees:
90
The
business figures marked with an asterisk are estimates based
on average values in the line of
business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.48 |
|
|
1 |
Rs.98.24 |
|
Euro |
1 |
Rs.78.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.