MIRA INFORM REPORT

 

 

Report No. :

316990

Report Date :

17.04.2015

 

IDENTIFICATION DETAILS

 

Name :

PINTSCH BUBENZER GMBH

 

 

Registered Office :

Friedrichshüttenstr. 1, D 57548 Kirchen

 

 

Country :

Germany

 

 

Date of Incorporation :

1962

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of other parts and accessories for motor vehicles

 

 

No. of Employees :

260

 

 

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

 

PINTSCH BUBENZER GMBH

 

 Company Status:         active

                                    Friedrichshüttenstr. 1

                                    D 57548 Kirchen

                                    Telephone:02741/9488-0

                                    Telefax:  02741/9488-44

                                    Homepage: www.pintschbubenzer.de

                                    E-mail:   info@pintschbubenzer.de

 

 VAT no.:                      DE811224821

 Tax ID number:             02/212/0106/3

 

 

CONCLUSION

 

 Business relations are permissible.

 

 LEGAL FORM           Private limited company

 Date of foundation:  1962

 Shareholders'

 agreement:           05.12.1981

 Registered on:       02.06.1997

 Commercial Register: Local court 56410 Montabaur

 under:               HRB 5590

 

 Share capital:                          EUR            820,000.00

 

 Shareholder:

                      PINTSCH BAMAG ANTRIEBS- UND VERKEHRSTECHNIK

                      Gesellschaft mit beschränkter Haftung

                      Hünxer Str. 149

                      D 46537 Dinslaken

                      Post Box:

                      10 04 20

                      Legal form: Private limited company

                      Share capital:     EUR          2,556,459.41

                      Share:             EUR            820,000.00

                      Registered on: 08.09.1970

                      Reg. data: 47051 Duisburg, HRB 9646

                      Profit transfer agreement

 Manager:

                      Markus Ernst Topp

                      Alte Mühle 3

                      D 51588 Nümbrecht

                      authorized to jointly represent the company

                      born: 02.05.1961

 Manager:

                      Stefan Kröger

                      D 57258 Freudenberg

                      authorized to jointly represent the company

                      born: 06.05.1965

                      Profession: Businessman

 Proxy:

                      Arno Weil

                      D 57072 Siegen

                      authorized to jointly represent the company

                      born: 24.07.1963

 Proxy:

                      André Neth

                      D 46535 Dinslaken

                      authorized to jointly represent the company

                      born: 20.11.1965

 

 

COMPANY HISTORY

 

 30.09.1969 - 04.12.1981  Siegerland-Bremsen Gerhard Bubenzer Ing.

                          KG

                          D 57258 Freudenberg

                          Limited partnership

 05.12.1981 - 01.06.1997  Bubenzer-Bremsen Gerhard Bubenzer Ing.

                          GmbH

                          D 57258 Freudenberg

                          Private limited company

 02.06.1997 - 05.06.2008  Bubenzer-Bremsen Gerhard Bubenzer Ing.

                          GmbH

                          Friedrichshüttenstr. 1

                          D 57548 Kirchen

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 29320   Manufacture of other parts and accessories for motor vehicles

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      PINTSCH BUBENZER GmbH

                      Hünxer Str. 149

                      D 46537 Dinslaken

                      TEL.: 02064/602-0

                      FAX.: 02064/602-266

 

Payment experience:  within agreed terms

 

Negative information: We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Friedrichshüttenstr. 1

                      D 57548 Kirchen

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Friedrichshüttenstr. 5

                      D 57548 Kirchen

 Type of real estate: plot of land

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal banks

 COMMERZBANK, 57002 SIEGEN

 Sort. code: 46040033

 BIC: COBADEFFXXX

 STADTSPARKASSE FREUDENBERG, 57251 FREUDENBERG, WESTF

 Sort. code: 46051733

 BIC: WELADED1FRE

 

 Further bank

 VR-BANK FREUDENBERG-NIEDERFISCHBACH, 57252 FREUDENBERG, WESTF

 Sort. code: 46061724

 BIC: GENODEM1FRF

 

 

FINANCIAL FIGURES

 

 Financial year:              01.01. - 31.12.

 Turnover:                                 2013                 EUR         55,000,000.00

                                                2014                 EUR         55,000,000.00

 Expected turnover:                                            EUR         55,000,000.00

 further business figures:

 Share capital:                                                   EUR            820,000.00

 Equipment:                                                      *EUR          1,560,000.00

 Ac/ts receivable:                                                          *EUR            780,000.00

 Liabilities:                                                        *EUR          5,200,000.00

 Employees:                                                                                 260

 

 Profit transfer agreement to:

                      PINTSCH BAMAG ANTRIEBS- UND VERKEHRSTECHNIK

                      Gesellschaft mit beschränkter Haftung

                      Hünxer Str. 149

                      D 46537 Dinslaken

                      Post Box:

                      10 04 20

 

 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.62.37

UK Pound

1

Rs.92.44

Euro

1

Rs.66.55

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

TPT

 

               


 

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.