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Report No. : |
334053 |
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Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
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Name : |
WÄRTSILÄ SAM ELECTRONICS GMBH |
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Registered Office : |
Behringstr. 120, D 22763 Hamburg, Post
Box: 50 03 20, D 22703 Hamburg |
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Country : |
Germany |
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Date of Incorporation : |
24.07.2003 |
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Com. Reg. No.: |
HRB 89408 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture
of loaded electronic boards ·
Wholesale
of electronic and telecommunications equipment and parts ·
Service
activities incidental to transportation n.e.c. ·
Engineering
activities in the field of technical sectoral planning andengineering design. |
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No. of Employees : |
639 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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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 5.2% 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. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private
investment. 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 accounted
for 27.8% of gross electricity consumption in 2014, 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. Extremely low inflation, caused largely by low global energy prices
and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
WÄRTSILÄ
SAM ELECTRONICS GMBH
Company Status: active
Behringstr. 120
D 22763 Hamburg
Post Box:
50 03 20, D 22703 Hamburg
Telephone:040/8825-0
Telefax: 040/8825-4000
Homepage:
www.sam-electronics.de
E-mail: info@sam-electronics.de
DE813811359
42/756/00690
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 24.07.2003
Shareholders'
agreement: 24.07.2003
Registered on: 28.07.2003
Commercial Register: Local court 20355 Hamburg
under: HRB
89408
EUR 3,000,000.00
Shareholder:
Wärtsilä Deutschland GmbH
Schlenzigstr. 6
D 21107 Hamburg
Legal form: Private
limited company
Share capital: EUR 6,012,000.00
Share: EUR 3,000,000.00
Registered on: 04.06.1982
Reg. data: 20355 Hamburg,
HRB 29312
Manager:
Armin Groth
Hamburger Str. 63a
D 23843 Bad Oldesloe
born: 13.08.1963
Profession: Businessman
Marital status: unknown
Manager:
Maik Stövhase
D 25462 Rellingen
born: 30.03.1967
Manager:
Carsten Sippel
D 25451 Quickborn
born: 12.12.1964
President of the Supervisory Board:
Stephan Kuhn
D 22763 Hamburg
Vice-president of the Supervisory Board:
Arjen Berends
NL Zwolle
Nationality: Dutch
Marital status: unknown
Member of the Supervisory Board:
Frank Stohwasser
Luhering 58
D 21629 Neu Wulmstorf
Marital status: unknown
Proxy:
Horst-Dieter Wolf
D 25436 Heidgraben
authorized to jointly
represent the company
born: 02.01.1953
Proxy:
Frank Martin Metzner
D 22844 Norderstedt
authorized to jointly
represent the company
born: 08.02.1962
Marital status: unknown
Proxy:
Patrick B. Saigal
Am Kirschbaumwäldchen 28
D 40547 Düsseldorf
authorized to jointly
represent the company
born: 04.01.1967
Profession: Businessman
Proxy:
Holger Mahnke
D 20095 Hamburg
authorized to jointly represent
the company
born: 11.05.1956
Marital status: unknown
Proxy:
Michael Uecker-Weigel
D 28195 Bremen
authorized to jointly
represent the company
born: 28.05.1955
Proxy:
Reinhard Swoboda
D 22763 Hamburg
authorized to jointly
represent the company
born: 06.01.1950
Proxy:
Peter Robson Rogers
GB Bucks
authorized to jointly
represent the company
born: 22.05.1957
Nationality: British
Further functions/participations of Armin Groth
(Manager)
Manager:
Wärtsilä FUNA
International GmbH
Stedinger Str. 11
D 26723 Emden
Legal form: Private
limited company
Share capital: EUR 1,170,000.00
Registered
on: 09.04.2013
Reg. data: 26603 Aurich, HRB 202599
Manager:
MGS MONTAGE GMBH
STRALSUND
An der Werft 5
D 18439 Stralsund
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 19.01.1998
Reg. data: 18439 Stralsund, HRB 4132
Manager:
STN Schiffselektrik
Verwaltung GmbH
Gewerbeallee 13
D 18107
Elmenhorst/Lichtenhagen
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 04.02.2004
Reg. data: 18057 Rostock, HRB 9659
28.07.2003 -
03.12.2003 Maria Vermögensverwaltung
GmbH
Kardinal-Faulhaber-Str. 10
D 80333 München
Private limited
company
03.12.2003 - 13.01.2004 SAM Electronics GmbH (AG München HRB
148583)
Kardinal-Faulhaber-Str. 10
D 80333 München
Private limited
company
13.01.2004 - 15.06.2015 SAM Electronics GmbH
Behringstr. 120
D 22763 Hamburg
Private limited
company
20.09.2013 - 31.07.2015 Vice-president of the Supervisory Board
Robert Leskow
USA Moorestown/New
Jersey
20.09.2013 - 01.07.2015 President of the Supervisory Board
Hans Ulrich
Weinreuter
D 21266 Jesteburg
08.06.2012 - 15.08.2013 President of the Supervisory Board
Robert Leskow
USA Moorestown/New
Jersey
08.06.2012 - 15.08.2013 Vice-president of the Supervisory Board
Klaus Lorenz
D 22529 Hamburg
22.01.2004 - 23.04.2013 Manager
Hans Ulrich
Weinreuter
D 21266 Jesteburg
Main industrial sector
26120
Manufacture of loaded electronic boards
46520
Wholesale of electronic and telecommunications equipment and parts
52299
Service activities incidental to transportation n.e.c.
71122
Engineering activities in the field of technical sectoral planning
andengineering design
Branch:
Wärtsilä SAM Electronics
GmbH
Hannoversche Str. 1
D 26384 Wilhelmshaven
TEL.: 04421/917670
Branch:
Wärtsilä SAM Electronics
GmbH
Westkai 46
D 27572 Bremerhaven
TEL.: 0471/798614
Branch:
Wärtsilä SAM Electronics
GmbH
Gewerbeallee 13
D 18107
Elmenhorst/Lichtenhagen
Shareholder:
Wärtsilä FUNA
International GmbH
Stedinger Str. 11
D 26723 Emden
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,170,000.00
Share: EUR 1,145,450.00
Reg. data: 09.04.2013
Local court
26603 Aurich
HRB 202599
Shareholder:
MGS MONTAGE GMBH
STRALSUND
An der Werft 5
D 18439 Stralsund
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 19.01.1998
Local court 18439
Stralsund
HRB 4132
Shareholder:
STN Schiffselektrik
Verwaltung GmbH
Gewerbeallee 13
D 18107
Elmenhorst/Lichtenhagen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 04.02.2004
Local
court 18057 Rostock
HRB 9659
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Behringstr. 120
D 22763 Hamburg
Real Estate of: Armin Groth
Type of ownership: Tenant
Address Hamburger Str. 63a
D 23843 Bad Oldesloe
Land
register documents were not available.
Principal bank
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000, Account no.: 404617500
BIC: COBADEHHXXX
Further banks
HSH
NORDBANK HAMBURG, KIEL, 20095 HAMBURG
Sort. code: 21050000, Account no.: 1000339610
BIC: HSHNDEHHXXX, IBAN: DE11210500001000339610
UNICREDIT BANK - HYPOVEREINSBANK, 20454
HAMBURG
Sort. code: 20030000
BIC: HYVEDEMM300
Financial year: 01.01. - 31.12.
Turnover: 2014 *EUR 88,491,500.00
Share capital: EUR 3,000,000.00
Equipment: *EUR 4,578,000.00
Ac/ts receivable: *EUR 8,063,000.00
Liabilities: *EUR 12,300,000.00
Employees:
639
-
Trainees:
24
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.64.01 |
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|
1 |
Rs.99.84 |
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Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.