MIRA INFORM REPORT

 

 

Report No. :

354955

Report Date :

11.12.2015

 

IDENTIFICATION DETAILS

 

Name :

GEA WESTFALIA SEPARATOR GROUP GMBH

 

 

Registered Office :

Werner-Habig-Str. 1, D 59302 Oelde

 

 

Country :

Germany

 

 

Date of Incorporation :

11.12.1997

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :
  • Manufacture of machinery for food, beverage and tobacco  processing
  • Manufacture of other general-purpose machinery
  • Agents involved in the sale of machines (except agricultural machineryand office machinery) and industrialsupplies
  • Wholesale of other machinery, equipment and supplies

 

 

No. of Employee :

24.954 (2013)  

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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 5.2% 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

 

 

Company name and address

 

GEA WESTFALIA SEPARATOR GROUP GMBH

 

Company Status:          active

                                    Werner-Habig-Str. 1

                                    D 59302 Oelde

                                    Telephone:02522/770

                                    Telefax:  02522/77289

                                    Homepage: www.westfalia-separator.com

                                    E-mail:   ws.info@geagroup.com

 

 VAT no.:                      DE812459899

 

 

CONCLUSION

 

Business relations are permissible.

 

LEGAL FORM               Private limited company

Date of foundation:       11.12.1997

Shareholders'

agreement:                    11.12.1997

Registered on:              16.12.1997

Commercial Register:    Local court 48149 Münster

under:                                       HRB 7223

 

Share capital:                 EUR         10,006,000.00

 

 

Shareholder

 

                      GEA Mechanical Equipment GmbH

                      Werner-Habig-Str. 1

                      D 59302 Oelde

                      Post Box:

                      37 20

                      Legal form: Private limited company

                      Share capital:     EUR         65,412,600.00

                      Share:                 EUR         10,006,000.00

                      Registered on:    16.08.1899

                      Reg. data:           48149 Münster, HRB 6927

                      Control and profit transfer agreement

 

Manager

 

                      Markus Hüllmann

                      D 33378 Rheda-Wiedenbrück

                      authorized to jointly represent the company

                      born: 29.07.1968

Manager:

                      Jörg Timmermann

                      D 44135 Dortmund

                      born: 24.04.1971

 

 

President of the Supervisory Board

 

Dr. Stephan Petri

D 45128 Essen

 

 

Vice-president of the Supervisory Board

 

 Kurt-Jürgen Löw

Kannenbäckerstr. 3

D 56424 Ebernhahn

 

 

Member of the Supervisory Board

 

                      Beate Kautzmann

                      Kirchstr. 16

                      D 33397 Rietberg

                      Profession: Employee

                      Marital status: single

 Member of the Supervisory Board:

                      Dr. Rudolf Josef Benesch

                      D 44135 Dortmund

                      born: 05.03.1962

 Member of the Supervisory Board:

                      Holger Siegwarth

                      Leipziger Str. 101

                      D 47918 Tönisvorst

                      born: 13.05.1967

                      Profession: Fully qualified merchant

 Member of the Supervisory Board:

                      Klaus Nuyken

                      D 48147 Münster

                      born: 09.01.1964

                      Profession: Fully qualified financial expert

 Member of the Supervisory Board:

                      Dr. Nina Scherf

                      D 40210 Düsseldorf

                      born: 27.06.1970

                      Profession: Businessman

 Member of the Supervisory Board:

                      Uwe Schirnick

                      D 40210 Düsseldorf

                      Marital status: unknown

 Member of the Supervisory Board:

                      Rita Dahn

                      D 59302 Oelde

                      Marital status: unknown

 Member of the Supervisory Board:

                      Rolf Skroboll

                      D 59302 Oelde

                      Marital status: unknown

 Member of the Supervisory Board:

                      Boris Karthaus

                      D 10115 Berlin

                      Marital status: unknown

 Member of the Supervisory Board:

                      Erkul Basaran

                      D 40211 Düsseldorf

                      Marital status: unknown

 

 

Proxy

 

                      Thomas Pelzer

                      D 59302 Oelde

                      authorized to jointly represent the company

                      born: 21.06.1955

 Proxy:

                      Ulrich Meier

                      Von-Bodelschwingh-Str. 11

                      D 59302 Oelde

                      authorized to jointly represent the company

                      born: 15.08.1953

                      Profession: Engineer

                      Property regime: Statutory matrimonial

                      property regime

                      Marital status: married

 Proxy:

                      Stephan Schulte

                      D 59602 Rüthen

                      authorized to jointly represent the company

                      born: 03.07.1962

                      Profession: Fully qualified merchant

 Proxy:

                      Dr. Frank Taetz

                      D 21388 Soderstorf

                      authorized to jointly represent the company

                      born: 17.04.1955

                      Profession: Businessman

 Proxy:

                      Jürgen Mackel

                      D 59302 Oelde

                      authorized to jointly represent the company

                      born: 21.03.1962

 Proxy:

                      Dr. Rudolf Josef Benesch

                      D 44135 Dortmund

                      authorized to jointly represent the company

                      born: 05.03.1962

 Proxy:

                      Wilfried Mackel

                      D 59302 Oelde

                      authorized to jointly represent the company

                      born: 12.11.1957

                      Profession: graduate engineer

 Proxy:

                      Heinrich Weweler

                      D 33449 Langenberg

                      authorized to jointly represent the company

                      born: 21.04.1966

 Proxy:

                      Wolfgang Grzybek

                      D 48231 Warendorf

                      authorized to jointly represent the company

                      born: 06.04.1962

 Proxy:

                      Dr. Stefan Pecoroni

                      D 59302 Oelde

                      authorized to jointly represent the company

                      born: 05.07.1965

 Proxy:

                      Michael Hoheisel

                      D 33378 Rheda-Wiedenbrück

                      authorized to jointly represent the company

                      born: 13.02.1967

 Proxy:

                      Klaus-Peter Eickhoff

                      D 33378 Rheda-Wiedenbrück

                      authorized to jointly represent the company

                      born: 02.05.1955

                      Profession: graduate engineer

 Proxy:

                      Christian Frahm

                      D 33378 Rheda-Wiedenbrück

                      authorized to jointly represent the company

                      born: 02.10.1967

 Proxy:

                      Steffen Bersch

                      D 48143 Münster

                      authorized to jointly represent the company

                      born: 12.06.1969

 Proxy:

                      Michael Breitmeier

                      D 59302 Oelde

                      authorized to jointly represent the company

                      born: 30.12.1962

 Proxy:

                      Bernd Lüking

                      D 33330 Gütersloh

                      authorized to jointly represent the company

                      born: 15.12.1964

 Proxy:

                      Michael Norden

                      D 44575 Castrop-Rauxel

                      authorized to jointly represent the company

                      born: 19.12.1964

 Proxy:

                      Thomas Perschke

                      D 59302 Oelde

                      authorized to jointly represent the company

                      born: 21.04.1967

 Proxy:

                      Tobias Brinke

                      Konradstr. 6

                      D 59067 Hamm

                      authorized to jointly represent the company

                      born: 29.07.1977

 Proxy:

                      Markus Fleuter

                      D 59320 Ennigerloh

                      authorized to jointly represent the company

                      born: 12.04.1968

 Proxy:

                      Karel Wauters

                      D 25436 Uetersen

                      authorized to jointly represent the company

                      born: 12.05.1954

 Proxy:

                      Stefan Heimann

                      D 59269 Beckum

                      authorized to jointly represent the company

                      born: 22.06.1979

 Proxy:

                      Ann Cuylaerts

                      B  Heide-Kalmthout

                      authorized to jointly represent the company

                      born: 23.10.1965

                      Nationality: Belgian

 Proxy:

                      Peter Schmänk

                      D 59302 Oelde

                      authorized to jointly represent the company

 Proxy:

                      Guido Faltis

                      Capitelholz 22

                      D 33378 Rheda-Wiedenbrück

                      authorized to jointly represent the company

                      born: 27.06.1967

 Proxy:

                      Nick Fernkorn

                      Im Soestkamp 41

                      D 59269 Beckum

                      authorized to jointly represent the company

                      born: 12.02.1975

 Proxy:

                      Joost Arnoud Vliegen

                      NL  SB Neerijnen

                      authorized to jointly represent the company

                      born: 21.01.1973

                      Nationality: Dutch

 Proxy:

                      Tjitze Wit

                      NL  LC Nijland

                      authorized to jointly represent the company

                      born: 27.01.1970

                      Nationality: Dutch

 

 Further functions/participations of Markus Hüllmann (Manager)

 Manager:

                      GEA Mechanical Equipment GmbH

                      Werner-Habig-Str. 1

                      D 59302 Oelde

                      Post Box:

                      37 20

                      Legal form: Private limited company

                      Share capital:     EUR         65,412,600.00

                      Registered

                      on:         16.08.1899

                      Reg. data:  48149 Münster, HRB 6927

 Manager:

                      GEA Segment Management Holding GmbH

                      Peter-Müller-Str. 12

                      D 40468 Düsseldorf

                      Legal form: Private limited company

                      Share capital:     EUR             26,100.00

                      Registered

                      on:         14.06.2011

                      Reg. data:  40227 Düsseldorf, HRB 65800

 

 

Member of the Board of Directors

 

                      GEA Group Aktiengesellschaft

                      Peter-Müller-Str. 12

                      D 40468 Düsseldorf

                      Legal form: Public limited company

                      Share capital:     EUR        520,375,765.57

                      Registered

                      on:         25.05.2011

                      Reg. data:  40227 Düsseldorf, HRB 65691

 

 Further functions/participations of Jörg Timmermann (Manager)

 Manager:

                      GEA Mechanical Equipment GmbH

                      Werner-Habig-Str. 1

                      D 59302 Oelde

                      Post Box:

                      37 20

                      Legal form: Private limited company

                      Share capital:     EUR         65,412,600.00

                      Registered

                      on:         16.08.1899

                      Reg. data:  48149 Münster, HRB 6927

 Manager:

                      GEA Energietechnik Anlagen- und

                      Betriebs-GmbH

                      Dorstener Str. 484

                      D 44809 Bochum

                      Legal form: Private limited company

                      Share capital:     EUR          1,025,000.00

                      Registered

                      on:         21.11.2002

                      Reg. data:  44787 Bochum, HRB 7518

 Manager:

                      GEA Food Solutions GmbH

                      Werner-Habig-Str. 1

                      D 59302 Oelde

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         06.03.2012

                      Reg. data:  40227 Düsseldorf, HRB 67481

 Member of the Board of Directors:

                      LL Plant Engineering AG

                      Daniel-Goldbach-Str. 19

                      D 40880 Ratingen

                      Legal form: Public limited company

                      Share capital:     EUR         39,880,766.73

                      Registered

                      on:         09.05.1986

                      Reg. data:  40227 Düsseldorf, HRB 20890

 Member of the Board of Directors:

                      mg venture capital ag

                      Dorstener Str. 484

                      D 44809 Bochum

                      Legal form: Public limited company

                      Share capital:     EUR             51,100.00

                      Registered

                      on:         20.03.2006

                      Reg. data:  44787 Bochum, HRB 10732

 

 

 COMPANY HISTORY

 

 16.12.1997 - 15.01.1998  Westfalia Separator Food Technik GmbH

                          Werner-Habig-Str. 1

                          D 59302 Oelde

                          Private limited company

 15.01.1998 - 31.12.2006  GEA Westfalia Separator Process GmbH

                          Werner-Habig-Str. 1

                          D 59302 Oelde

                          Private limited company

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 25.02.2014 - 11.07.2014            Manager

                                                Bernd Wilhelm Huber

                                                            D 33442 Herzebrock-Clarholz

 11.10.2013 - 10.07.2014            Member of the Supervisory Board

                                                            Nobue von Wurzbach

                                                            D 41460 Neuss

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 2829                Manufacture of other general-purpose machinery n.e.c.

 28930              Manufacture of machinery for food, beverage and tobacco  processing

 46141              Agents involved in the sale of machines (except agricultural machineryand office machinery) and industrialsupplies n.e.c.

 4669                Wholesale of other machinery, equipment and supplies

 

 

 BRANCHES AND FACTORIES

 

 Works:

                      GEA Westfalia Separator Group GmbH

                      Moschheimer Str. 1

                      D 56414 Niederahr

 Branch:

                      GEA Westfalia Separator Group GmbH

                      Am Neuländer Gewerbepark 6

                      D 21079 Hamburg

                      TEL.: 040/5896500

                      FAX.: 040/7380585

 

 

 FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

 REAL ESTATE

 

 Type of ownership:   Tenant

 Address                       Werner-Habig-Str. 1

                                    D 59302 Oelde

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 COMMERZBANK, 59280 OELDE, WESTF

 Sort. code: 47840065

 BIC: COBADEFFXXX

 

 

 Further banks

 SPARKASSE MÜNSTERLAND OST, 59302 OELDE, WESTF

 Sort. code: 40050150

 BIC: WELADED1MST

 COMMERZBANK, 33244 GÜTERSLOH

 Sort. code: 47840065

 BIC: COBADEFFXXX

 DEUTSCHE BANK, 33501 BIELEFELD

 Sort. code: 48070020

 BIC: DEUTDE3BXXX

 COMMERZBANK VORMALS DRESDNER BANK, 33502 BIELEFELD

 Sort. code: 48080020

 BIC: DRESDEFF480

 

 

 FINANCIAL FIGURES

 

 Financial year:                          01.01. - 31.12.

 Share capital:                          EUR         10,006,000.00

 The number of employees is not known.

 

 Control and profit transfer agreement to:

                      GEA Mechanical Equipment GmbH

                      Werner-Habig-Str. 1

                      D 59302 Oelde

                      Post Box:

                      37 20

 

 The company in question does not publish own accounts. The figures

 are included in the consolidated balance sheet of

 GEA Group Aktiengesellschaft, Düsseldorf.

 

 Selected figures for the group in EUR:

 

 Sales:                          4.319.994.000 (13)         4.142.317.000 (12)            

 Receivables:                929.156.000 (13)            1.249.863.000 (12)              

 Liabilities:                    646.529.000 (13)            839.143.000 (12)                 

 

 Number of employees   24.501 (12)                   24.954 (13)                            

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.79

UK Pound

1

Rs.101.37

Euro

1

Rs.73.46

EUR

1

Rs. 73.35

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ASH

 

 

 

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.