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Report No. : |
318317 |
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Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
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Name : |
DECKEL MAHO SEEBACH GMBH |
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Registered Office : |
Neue Str. 61, D 99846 Seebach |
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Country : |
Germany |
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Date of Incorporation : |
21.11.1994 |
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Com. Reg. No.: |
HRB 403305 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacturer of Other General-Purpose Machinery · Wholesale of Machine Tools |
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No. of Employees : |
578 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – 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 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
DECKEL
MAHO SEEBACH GMBH
Company Status: active
Neue Str. 61
D 99846 Seebach
Telephone:036929/8120
Telefax: 036929/812350
Homepage: www.dmgmori.com
E-mail: info@dmgmori.com
VAT
no.: DE812185995
Tax
ID number: 349/572/32145
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 21.11.1994
Shareholders'
agreement:
21.11.1994
Registered on: 11.05.1995
Commercial Register: Local court 07745 Jena
under: HRB
403305
EUR 8,181,000.00
Shareholder:
GILDEMEISTER Beteiligungen
GmbH
Gildemeisterstr. 60
D 33689 Bielefeld
Legal form: Private
limited company
Share capital: EUR
55,000,000.00
Share: EUR 7,750,000.00
Registered on: 28.08.2012
Reg. data: 33602
Bielefeld, HRB 40806
Shareholder:
DMG MORI SEIKI
AKTIENGESELLSCHAFT
Gildemeisterstr. 60
D 33689 Bielefeld
Post Box:
11 03 51, D 33663
Bielefeld
Legal form: Public
limited company
Share capital: EUR
204,926,784.40
Share: EUR 431,000.00
Registered on: 22.08.1899
Reg. data: 33602
Bielefeld, HRB 7144
Manager:
Hans-Günter Dose
Neue Str. 16
D 99846 Seebach
born: 12.12.1954
Manager:
Markus Rehm
D 82544 Egling
born: 14.10.1959
Manager:
Peter Weber
A Kolsassberg
born: 18.09.1968
Nationality: Austrian
Proxy:
Heiko Oschmann
Dorfstr. 41
D 99848 Wutha-Farnroda
authorized to jointly
represent the company
Profession: graduate
engineer
Proxy:
Andreas Schmidt
Langenhainer Str. 12
D 99891 Tabarz
authorized to jointly
represent the company
born: 29.09.1957
Proxy:
Antje Kunkies
D 33602 Bielefeld
authorized to jointly
represent the company
born: 07.04.1976
Main industrial sector
282
Manufacture of other general-purpose machinery
Secondary industrial sector
4662
Wholesale of machine tools
Branch:
Deckel Maho Seebach GmbH
Lausitzer Str. 7
D 82538 Geretsried
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Neue Str. 61
D 99846 Seebach
Land register documents were not available.
Principal bank
WARTBURG-SPARKASSE, 99804 EISENACH, THÜR
Sort. code: 84055050
BIC:
HELADEF1WAK
Further banks
WARTBURG-SPARKASSE, 99846 SEEBACH B EISENACH,
THÜR
Sort. code: 84055050, Account no.: 17841
BIC: HELADEF1WAK
DEUTSCHE BANK, 33501 BIELEFELD
Sort. code: 48070020
BIC: DEUTDE3BXXX
LANDESBANK HESSEN-THÜR GIROZENTRALE ERFURT,
99084 ERFURT
Sort. code: 82050000, Account no.: 3000001028
BIC: HELADEFF820
Financial year: 01.01. - 31.12.
Turnover: 2013 EUR 269,900,000.00
2014 EUR 260,000,000.00
Profit: 2013 EUR 2,530,000.00
further business figures:
Share capital: EUR 8,181,000.00
Equipment: EUR 3,880,000.00
Real
estate of the firm:
EUR 28,000,000.00
Employees:
578
-
Trainees:
53
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
|
|
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 |
|
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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 |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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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 |
-- |
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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.