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Report No. : |
353114 |
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Report Date : |
09.12.2015 |
IDENTIFICATION DETAILS
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Name : |
MURTFELDT KUNSTSTOFFE GMBH & CO.KG |
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Registered Office : |
Heßlingsweg 14-16, D 44309 Dortmund,
Post Box: 120161, D 44291 Dortmund |
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Country : |
Germany |
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Date of Incorporation : |
09.11.1993 |
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Com. Reg. No.: |
HRA 14017 |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
·
Manufacture
of plastic plates, sheets, tubes and profiles ·
Wholesale
of other equipment and accessories for machinery and technical supplies |
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No. of Employees : |
300 |
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.
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Source
: CIA |
MURTFELDT KUNSTSTOFFE GMBH & CO.KG
Company Status: active
Heßlingsweg 14-16
D 44309 Dortmund
Post Box:
120161, D 44291 Dortmund
Telephone:0231/206090
Telefax: 0231-251021
Homepage:
www.murtfeldt.de
E-mail: info@murtfeldt.de
VAT no.: DE212780193
Tax ID number: 316/5858/0309
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 09.11.1993
Registered on: 17.01.2001
Register of
companies: Local
court 44135 Dortmund
under: HRA
14017
EUR 33,000.00
Limited partner:
Robert Höhner
D 58313 Herdecke
Share: EUR 33,000.00
General partner:
Detlev Höhner
Oberer Ahlenbergweg 32
D 58313 Herdecke
born: 30.05.1962
Profession: Businessman
Marital status: married
General partner:
Murtfeldt Kunststoffe
Beteiligungsgesellschaft
mbH
Heßlingsweg 14-16
D 44309 Dortmund
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 02.06.2009
Reg. data: 44135
Dortmund, HRB 22088
Shareholder:
Detlev Höhner
Oberer Ahlenbergweg 32
D 58313 Herdecke
born: 30.05.1962
Share: EUR 20,950.00
Shareholder:
Elena Maria Höhner
D 50667 Köln
born: 09.03.1961
Share: EUR 4,050.00
Manager:
Detlev Höhner
Oberer Ahlenbergweg
32
D 58313 Herdecke
having sole power of
representation
born: 30.05.1962
Profession: Businessman
Marital status: married
Proxy:
Andreas Balla
D 59423 Unna
authorized to jointly
represent the company
born: 26.09.1968
Proxy:
Jürgen Korte
D 44575 Castrop-Rauxel
born: 18.06.1957
Further functions/participations of Detlev
Höhner (General
partner)
General partner:
Murtfeldt GmbH & Co.
KG
Heßlingsweg 14-16
D 44309 Dortmund
Post Box:
12 01 61, D 44291
Dortmund
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,023,200.00
contribution:
Registered
on: 12.01.1954
Reg. data: 44135 Dortmund, HRA 8807
General partner:
Murdotec Kunststoffe GmbH
& Co.KG
Heßlingsweg 8
D 44309 Dortmund
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 750,000.00
contribution:
Registered
on: 02.02.2001
Reg. data: 44135 Dortmund, HRA 14026
Limited partner:
Murtfeldt GmbH & Co. KG
Heßlingsweg 14-16
D 44309 Dortmund
Post Box:
12 01 61, D 44291
Dortmund
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,023,200.00
contribution:
Share: EUR 857,442.00
Registered
on: 12.01.1954
Reg. data: 44135 Dortmund, HRA 8807
Shareholder:
Murtfeldt-Beteiligungsgesellschaft mit
beschränkter Haftung
Heßlingsweg 14-16
D 44309 Dortmund
Legal form: Private
limited company
Share capital: EUR 51,250.00
Share: EUR 37,000.00
Registered
on: 19.12.1967
Reg. data: 44135 Dortmund, HRB 2938
Shareholder:
RHEBAU Immobilien GbR
Düsseldorfer Str. 118
D 41541 Dormagen
Legal form: Partnership
under the Civil Code
Share: EUR 27,609.76
Shareholder:
Murdotec Kunststoffe
Beteiligungsgesellschaft
mbH
Heßlingsweg 14-16
D 44309 Dortmund
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 09.01.2001
Reg. data: 44135 Dortmund, HRB 14610
Shareholder:
Murtfeldt Kunststoffe
Beteiligungsgesellschaft
mbH
Heßlingsweg 14-16
D 44309 Dortmund
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 20,950.00
Registered
on: 02.06.2009
Reg. data: 44135 Dortmund, HRB 22088
Manager:
Murtfeldt-Beteiligungsgesellschaft mit
beschränkter Haftung
Heßlingsweg 14-16
D 44309 Dortmund
Legal form: Private
limited company
Share capital: EUR 51,250.00
Registered
on: 19.12.1967
Reg. data: 44135 Dortmund, HRB 2938
Manager:
Murdotec Kunststoffe
Beteiligungsgesellschaft
mbH
Heßlingsweg 14-16
D 44309 Dortmund
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 09.01.2001
Reg. data: 44135 Dortmund, HRB 14610
Manager:
Murtfeldt Kunststoffe
Beteiligungsgesellschaft
mbH
Heßlingsweg 14-16
D 44309 Dortmund
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 02.06.2009
Reg. data: 44135 Dortmund, HRB 22088
Proxy:
Murtfeldt GmbH & Co.
KG
Heßlingsweg 14-16
D 44309 Dortmund
Post Box:
12 01 61, D 44291
Dortmund
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,023,200.00
contribution:
Registered
on: 12.01.1954
Reg. data: 44135 Dortmund, HRA 8807
09.11.1993 - 17.01.2001 Murtfeldt Kunststoffe GmbH
Heßlingsweg 14-16
D 44309 Dortmund
Private limited
company
Main industrial sector
22210
Manufacture of plastic plates, sheets, tubes and profiles
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Heßlingsweg 14-16
D 44309 Dortmund
Real Estate of: Detlev Höhner
Type of ownership: unknown
Address Unterer Ahlenbergweg 32
D 58313 Herdecke
Real Estate of: Murtfeldt Kunststoffe
Beteiligungsgesellschaft
mbH
Type of ownership: Tenant
Address
Heßlingsweg 14-16
D 44309 Dortmund
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 44047
DORTMUND
Sort. code: 44080050, Account no.: 0159860000
BIC: DRESDEFF440, IBAN: DE63440800500159860000
Further banks
COMMERZBANK, 44047 DORTMUND
Sort. code: 44040037, Account no.: 2844637
BIC: COBADEFFXXX, IBAN: DE82440400370284463700
DEUTSCHE BANK, 44126 DORTMUND
Sort. code: 44070050, Account no.: 3055712
BIC: DEUTDEDE440, IBAN: DE75440700500305571200
POSTBANK, 44131 DORTMUND
Sort. code: 44010046, Account no.: 2585465
BIC: PBNKDEFFXXX, IBAN: DE35440100460002585465
Financial year: 01.01. - 31.12.
Turnover: 2014 EUR 50,000,000.00
Employees:
300
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.80 |
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|
1 |
Rs.100.49 |
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Euro |
1 |
Rs.72.52 |
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EUR |
1 |
Rs.73.15 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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KIN |
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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.