MIRA INFORM REPORT

 

 

Report No. :

316632

Report Date :

14.04.2015

 

IDENTIFICATION DETAILS

 

Name :

SGL CARBON GMBH

 

 

Registered Office :

Werner-von-Siemens-Str. 18 D 86405 Meitingen

 

 

Country :

Germany

 

 

Date of Incorporation :

20.05.1998

 

 

Com. Reg. No.:

HRB 16474

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Manufacture of man-made fibers

 

 

No. of Employee :

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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, 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 2014. The new German government introduced a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in balance in 2014. 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 plans to replace nuclear power with renewable energy, which accounts for 34% of total energy consumption, up from 9% in 2000. 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

 

Company name & address

 

SGL CARBON GMBH

 

Company Status:          active

                                    Werner-von-Siemens-Str. 18

                                    D 86405 Meitingen

                                    Telephone:08271/83-0

                                    Telefax:  08271/83-2127

                                    Homepage: www.sglcarbon.de

                                    E-mail:   cpc@sglgroup.com

 

 VAT no.:             DE811112116

 

 

CONCLUSION

 

 Business relations are permissible.

 

 LEGAL FORM              Private limited company

 Date of foundation:      20.05.1998

 Shareholders'

 agreement:                   20.05.1998

 Registered on:             11.08.1998

 Commercial Register:   Local court 86150 Augsburg

 under:                          HRB 16474

 

 Share capital:               EUR          5,202,000.00

 

 Shareholder:

                      SGL Carbon SE

                      Söhnleinstr. 8

                      D 65201 Wiesbaden

                      Post Box:

                      50 20, D 65040 Wiesbaden

                      Legal form: European Company (SE)

                      Share capital:     EUR        235,024,302.08

                      Share:             EUR          5,202,000.00

                      Registered on: 23.01.2009

                      Reg. data: 65189 Wiesbaden, HRB 23960

                      Control and profit transfer agreement

 Manager:

                      Markus Partik

                      D 65795 Hattersheim

                      born: 06.07.1968

 Manager:

                      Werner Kapaun

                      D 86707 Westendorf

                      born: 24.09.1954

 Proxy:

                      Hans-Michael Güther

                      D 92281 Königstein

                      authorized to jointly represent the company

                      born: 01.11.1954

 Proxy:

                      Dr. Gerd Wingefeld

                      Kirchturmstr. 89

                      D 46485 Wesel

                      authorized to jointly represent the company

                      born: 21.01.1958

                      Profession: Businessman

 Proxy:

                      Wilhelm Hauf

                      D 86150 Augsburg

                      authorized to jointly represent the company

                      born: 21.03.1959

                      Profession: Businessman

 Proxy:

                      Dr. Thomas Otto Müller

                      Zum Mühlöschle 3a

                      D 88633 Heiligenberg

                      authorized to jointly represent the company

                      born: 10.06.1962

 Proxy:

                      Dr. Jürgen Wolfgang Köhler

                      D 65779 Kelkheim

                      authorized to jointly represent the company

                      born: 16.11.1960

                      Marital status: unknown

 Proxy:

                      Britta Döttger

                      D 60311 Frankfurt

                      authorized to jointly represent the company

                      born: 26.07.1972

 Proxy:

                      Siegbert Fleer

                      D 86570 Inchenhofen

                      authorized to jointly represent the company

                      born: 24.09.1963

 Proxy:

                      Frank Wittchen

                      D 61118 Bad Vilbel

                      authorized to jointly represent the company

                      born: 23.06.1965

 Proxy:

                      Klaus Unterharnscheidt

                      Nietzschestr. 20

                      D 65191 Wiesbaden

                      authorized to jointly represent the company

                      born: 22.08.1963

 Proxy:

                      Lothar Sauerbrey

                      Paul-Tillich-Str. 14

                      D 60528 Frankfurt

                      authorized to jointly represent the company

                      born: 19.08.1952

 Proxy:

                      Dr. Stephan Bühler

                      D 91086 Aurachtal

                      authorized to jointly represent the company

                      born: 23.10.1964

 Proxy:

                      Doris Sperzel-Cannon

                      D 65779 Kelkheim

                      authorized to jointly represent the company

                      born: 03.05.1959

 Proxy:

                      Mirko Wichardt

                      D 86150 Augsburg

                      authorized to jointly represent the company

                      born: 24.10.1974

 Proxy:

                      Dr. Tilo Hauke

                      D 86637 Wertingen

                      authorized to jointly represent the company

                      born: 30.05.1968

 Proxy:

                      Birgit Reiter

                      D 86150 Augsburg

                      authorized to jointly represent the company

                      born: 29.06.1969

 

 Further functions/participations of Werner Kapaun (Manager)

 Proxy:

                      SGL TECHNOLOGIES GmbH

                      Werner-von-Siemens-Str. 18

                      D 86405 Meitingen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         22.11.2000

                      Reg. data:  86150 Augsburg, HRB 18142

 

 

 RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 01.02.2011 - 07.01.2015  Manager

                          Dr. Hermann Berwe

                          D 86637 Binswangen

 24.03.2004 - 14.10.2014  Manager

                          Dr. Reinhard Janta

                          D 86637 Wertingen

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

20600   Manufacture of man-made fibers

46903   Non-specialized wholesale trade

 

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      SGL CARBON GmbH

                      Drachenburgstr. 1

                      D 53179 Bonn

                      TEL.: 0228/841-0

 Branch:

                      SGL CARBON GmbH

                      Stroofstr. 27

                      D 65933 Frankfurt

                      TEL.: 069/38002316

 

 

PARTICIPATIONS

 

 Shareholder:

                      F.C. Augsburg Arena Besitz- und Betriebs

                      GmbH

                      Donauwörther Str. 170

                      D 86154 Augsburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR         31,624,300.00

                      Share:             EUR          3,478,673.00

                      Reg. data:  29.12.2006

                                  Local court 86150 Augsburg

                                  HRB 22332

 Shareholder:

                      Dr. Schnabel GmbH

                      Offheimer Weg 21

                      D 65549 Limburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  04.09.2008

                                  Local court 65549 Limburg

                                  HRB 4276

 

 

FINANCIAL INFORMATION

 

Payment experience:     cash discount/within agreed terms

 

Negative information:    We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Werner-von-Siemens-Str. 18

                                    D 86405 Meitingen

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 KREISSPARKASSE AUGSBURG, 86405 MEITINGEN

 Sort. code: 72050101

 BIC: BYLADEM1AUG

 

 Further banks

 COMMERZBANK, 86150 AUGSBURG, BAY

 Sort. code: 72040046

 BIC: COBADEFFXXX

 DEUTSCHE BANK, 86004 AUGSBURG, BAY

 Sort. code: 72070001

 BIC: DEUTDEMM720

 

 

FINANCIAL FIGURES

 

 Financial year:                                      01.01. - 31.12.

 Share capital:                            EUR          5,202,000.00

 The number of employees is not known.

 

Control and profit transfer agreement to:

SGL Carbon SE

Söhnleinstr. 8

D 65201 Wiesbaden

Post Box:

50 20, D 65040 Wiesbaden


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.39

UK Pound

1

Rs.91.06

Euro

1

Rs.66.16

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

SDA

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.