|
Report Date : |
18.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
FREUDENBERG
SEALING TECHNOLOGIES GMBH & CO. KG |
|
|
|
|
Registered Office : |
Höhnerweg
2-4 D 69469 Weinheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
02.05.1995 |
|
|
|
|
Legal Form : |
Ltd Partnership |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
33,293 |
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 |
FREUDENBERG SEALING TECHNOLOGIES
GMBH & CO. KG
Company Status: active
Höhnerweg 2-4
D 69469 Weinheim
Telephone:06201/806666
Telefax: 06201/886666
Homepage: www.fst.de
E-mail: michael.scheuer@fst.com
VAT no.: DE811879378
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 02.05.1995
Registered on: 16.05.1995
Register of
companies:
Local court 68159
Mannheim
under: HRA
430900
Total cap. contribution: EUR 9,010,000.00
Limited partner:
Freudenberg SE
Höhnerweg 2-4
D 69469 Weinheim
Legal form: European
Company (SE)
Share capital: EUR
450,000,000.00
Share: EUR 9,010,000.00
Registered on: 16.05.2012
Reg. data: 68159 Mannheim, HRB
714579
General partner:
DS Verwaltungs-GmbH
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered on: 23.05.2005
Reg. data: 68159
Mannheim, HRB 433092
Shareholder:
Freudenberg SE
Höhnerweg 2-4
D 69469 Weinheim
Legal form: European
Company (SE)
Share capital: EUR
450,000,000.00
Share: EUR 1,000,000.00
Registered on: 16.05.2012
Reg. data: 68159
Mannheim, HRB 714579
Manager:
Ludger Neuwinger-Heimes
Michael-Ende-Weg 7
D 68519 Viernheim
born: 12.06.1958
Profession: Businessman
Marital status: unknown
Manager:
Claus Möhlenkamp
D 67433 Neustadt
born: 15.10.1965
Profession: Businessman
Marital status: married
Manager:
Dr. Arman Barimani
D 69469 Weinheim
born: 25.10.1958
Profession: graduate
engineer
Marital status: unknown
Manager:
Dieter Schäfer
D 64625 Bensheim
born: 07.04.1956
Proxy:
Brigitte Fischer
D 69469 Weinheim
authorized to jointly represent the company
born: 14.07.1956
Profession: Businessman
Marital status: married
Proxy:
Volker Christ
D 65779 Kelkheim
authorized to jointly
represent the company
born: 07.11.1963
Marital status: unknown
Proxy:
Dr. Jürgen Ruhnau
D 38118 Braunschweig
authorized to jointly represent
the company
born: 06.12.1965
Proxy:
Joachim Heinemann
Siedlungsstr. 10a
D 69517 Gorxheimertal
authorized to jointly
represent the company
born: 27.06.1955
Profession: Businessman
Marital status: married
Proxy:
Dieter Schäfer
D 64625 Bensheim
authorized to jointly
represent the company
born: 07.04.1956
Proxy:
Hans Bruno Hänle
D 60308 Frankfurt
authorized to jointly
represent the company
born: 17.03.1971
Proxy:
Esther Maria Loidl
D 96450 Coburg
authorized to jointly
represent the company
born: 01.09.1972
Proxy:
Jürgen Michael Weiß
D 68542 Heddesheim
authorized to jointly
represent the company
born: 05.02.1966
Proxy:
Thomas Schäfer
D 76646 Bruchsal
authorized to jointly
represent the company
born: 29.11.1967
Proxy:
Rainer Bauer
D 67240 Bobenheim-Roxheim
authorized to jointly represent
the company
born: 05.09.1965
Proxy:
Dr. Andreas Raps
D 83043 Bad Aibling
authorized to jointly
represent the company
born: 19.04.1974
Proxy:
Dr. Eberhard Bock
Fichtenstr. 33
D 69509 Mörlenbach
authorized to jointly
represent the company
born: 18.03.1965
Proxy:
Michael Link
D 79713 Bad Säckingen
authorized to jointly
represent the company
born: 06.07.1971
Proxy:
Gunter Goldhahn
D 68519 Viernheim
authorized to jointly
represent the company
born: 19.12.1952
Proxy:
Dr. Clemens Elliger
D 68526 Ladenburg
authorized to jointly
represent the company
born: 26.02.1976
Proxy:
Reinfried Wobbe
D 35457 Lollar
authorized to jointly
represent the company
born: 19.01.1969
Proxy:
Bernd Koch
D 34613 Schwalmstadt
authorized to jointly
represent the company
born: 19.05.1967
Proxy:
Valentin Just
D 64711 Erbach
authorized to jointly represent the
company
born: 07.11.1972
Proxy:
Kurt Ziminski
D 69493 Hirschberg
authorized to jointly
represent the company
born: 17.11.1970
Proxy:
Isabell Katschmer
D 21107 Hamburg
authorized to jointly
represent the company
born: 05.03.1974
Proxy:
Wolfgang Albrecht
D 69488 Birkenau
authorized to jointly
represent the company
born: 17.12.1965
Proxy:
Ralf Schmid
D 67117 Limburgerhof
authorized to jointly represent
the company
born: 18.12.1964
Proxy:
José Caro Hernandez
D 64646 Heppenheim
authorized to jointly
represent the company
born: 01.10.1960
Proxy:
Filip Krulis
D 69115 Heidelberg
authorized to jointly
represent the company
born: 11.08.1970
Proxy:
Michael Scheuer
D 91085 Weisendorf
authorized to jointly
represent the company
born: 27.01.1974
Proxy:
Kyung-Mo Jung
D 79713 Bad Säckingen
authorized to jointly represent
the company
born: 15.04.1971
Proxy:
Johannes Nührenberg
D 10115 Berlin
authorized to jointly
represent the company
born: 30.04.1973
Proxy:
Dr. Dieter Thiel
D 64658 Fürth
authorized to jointly
represent the company
born: 20.02.1956
Proxy:
George Molchan
USA Canton
authorized to jointly
represent the company
born: 08.07.1963
Nationality: USA
Proxy:
Thomas Fröhlich
D 69198 Schriesheim
authorized to jointly
represent the company
born: 12.01.1964
Proxy:
Jürgen Besser
D 71732 Tamm
authorized to jointly
represent the company
born: 07.05.1963
Proxy:
Oliver Popp
D 10115 Berlin
authorized to jointly
represent the company
born: 05.05.1980
Proxy:
Matthias Andres
D 67281 Kirchheim
authorized to jointly
represent the company
born: 24.10.1968
Proxy:
Johannes Ling
D 64653 Lorsch
authorized to jointly
represent the company
born: 04.02.1980
16.05.1995 - 30.06.2005 Freudenberg Dichtungs- und
Schwingungstechnik KG
Höhnerweg 2-4
D 69469 Weinheim
Limited partnership
01.07.2005 - 02.05.2011 Freudenberg Dichtungs- und
Schwingungstechnik
GmbH & Co. KG
Höhnerweg 2-4
D 69469 Weinheim
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
2932 Manufacture
of other parts and accessories for motor vehicles
46901 Non-specialized wholesale of raw materials
and half-finished and finished goods
Secondary industrial sector
6420
Activities of holding companies
Works:
Freudenberg Sealing
Technologies GmbH & Co.
KG
D 79733 Görwihl
TEL.: 07754/701-0
FAX.: 07754/701-66
Works:
Freudenberg Sealing
Technologies GmbH & Co.
KG
D 79395 Neuenburg
Works:
Freudenberg Sealing
Technologies GmbH & Co.
KG
Bahnhofstr. 18-20
D 64385 Reichelsheim
Works:
Freudenberg Sealing
Technologies GmbH & Co.
KG
Ascheröder Str. 57
D 34613 Schwalmstadt
TEL.: 06691-2080
FAX.: 06691-1750
Branch:
Freudenberg Sealing
Technologies GmbH & Co.
KG
Taunusstr. 36
D 80807 München
TEL.: 089/3563690
Branch:
Freudenberg Sealing Technologies
GmbH & Co.
KG
Groß-Berliner Damm 119
D 12487 Berlin
TEL.: 030/29370362
General partner:
Integral Accumulator GmbH & Co.
KG
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 1,027,696.68
contribution:
Reg. data: 01.10.1998
Local court
68159 Mannheim
HRA 430966
General partner:
Freudenberg Process Seals
GmbH & Co KG
Lorscher Str. 13
D 69469 Weinheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 5,000.00
contribution:
Reg. data: 20.11.2008
Local court
68159 Mannheim
HRA 702041
General partner:
Freudenberg DS Tooling
Center GmbH & Co. KG
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 5,000.00
contribution:
Reg. data: 29.04.2010
Local court
68159 Mannheim
HRA 702932
Shareholder:
Merkel Freudenberg
Fluidtechnic GmbH
Industriestr. 64
D 21107 Hamburg
Post Box:
93 02 82
Legal form: Private
limited company
Company Status: active
Share capital: EUR 2,556,459.00
Share: EUR 2,556,459.00
Reg. data: 10.07.1963
Local court
20355 Hamburg
HRB 10224
Shareholder:
DS Holding-GmbH
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Reg. data: 03.12.2001
Local court
68159 Mannheim
HRB 432758
Shareholder:
Lederer GmbH
Im Sichert 2
D 74613 Öhringen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 55,630.00
Share: EUR 55,630.00
Reg. data: 25.02.1976
Local court
70190 Stuttgart
HRB 580182
Shareholder:
Corteco GmbH
Badener Str. 4
D 69493 Hirschberg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 35,600.00
Share: EUR 25,632.00
Reg. data: 11.12.1998
Local court
68159 Mannheim
HRB 432465
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Höhnerweg 2-4
D
69469 Weinheim
Land register documents were not available.
COMMERZBANK, 69442 WEINHEIM, BERGSTR
Sort. code: 67040031
BIC: COBADEFFXXX
COMMERZBANK VORMALS DRESDNER BANK, 69469
WEINHEIM, BERGSTR
Sort. code: 67080050
BIC: DRESDEFF670
DEUTSCHE BANK, 69442 WEINHEIM, BERGSTR
Sort. code: 67070010
BIC: DEUTDESMXXX
Subject company is part of the important
"Freudenberg" group.
In this case
we received consolidated figures as the financials of the subject company are
included
into the
group balance sheet of "Freudenberg SE".
Key group
figures as per 31.12.2013:
Mio-EUR
Annual
turnover:
5.646,1
Profit:
388,8
Accounts
receivable: 980,5
Liabilities:
2.076,0
Employees:
33.293
Furthermore,
we would like to refer to the good payment behaviour of the subject company
which pays under cash discount or with the agreed terms.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.62 |
|
|
1 |
Rs.99.12 |
|
Euro |
1 |
Rs.78.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIS |
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.