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Report No. : |
355756 |
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Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
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Name : |
MAAG AUTOMATIK GMBH |
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Registered Office : |
Ostring 19 D 63762 Großostheim Post Box: 12 60 |
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Country : |
Germany |
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Date of Incorporation : |
1984 |
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Com. Reg. No.: |
HRB 10433 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Engineering activities in the field of
technical overall planning |
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No. of Employee : |
Not Available |
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 : |
Slow but correct |
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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 |
MAAG
AUTOMATIK GMBH
Company Status: active
Ostring 19
D 63762 Großostheim
Post Box:
12 60
Telephone:06026/5030
Telefax: 06026/503110
Homepage: www.maag.com
E-mail: info@maag.com
VAT
no.: DE815001158
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1984
Shareholders'
agreement: 17.01.2008
Registered on: 12.09.2008
Commercial Register: Local court 63739 Aschaffenburg
under: HRB
10433
EUR
26,600.00
Shareholder:
Dover Germany GmbH
Potsdamer Str. 14a
D 14513 Teltow
Legal form: Private
limited company
Share capital: EUR 400,000.00
Share: EUR 26,600.00
Registered on: 30.05.2008
Reg. data: 14467 Potsdam,
HRB 21182 P
Control and profit
transfer agreement
Manager:
Harald Zang
Im Wingert 27
D 63801 Kleinostheim
having sole power of
representation
born: 11.07.1962
Manager:
Maurizio Zaugg
CH Pfäffikon
having sole power of
representation
born: 10.01.1961
Nationality: Swiss
Proxy:
Hans Jürgen Scholl
D 63741 Aschaffenburg
authorized to jointly
represent the company
born: 25.07.1962
Proxy:
Bernd Domdey
Wiesenstr. 4
D 63808 Haibach
born: 12.05.1953
Proxy:
Thomas Breiten
In den Weingärten 14
D 65760 Eschborn
authorized to jointly
represent the company
born: 30.10.1963
Proxy:
Alaaddin Aydin
D 48356 Nordwalde
having sole power of
representation
born: 12.06.1968
06.08.1984 - 22.01.2008 Rieter Automatik Gesellschaft mit
beschränkter Haftung
Ostring 19
D 63762 Großostheim
Private limited
company
22.01.2008 - 11.09.2008 ZAT Vermögensverwaltung GmbH
Kardinal-Faulhaber-Str. 10
D 80333 München
Private limited
company
11.09.2008 - 29.05.2015 Automatik Plastics Machinery GmbH
Ostring 19
D 63762 Großostheim
Private limited
company
12.08.2013 - 02.12.2014 Manager
John Whalen
D 60306 Frankfurt
10.12.2010 - 06.08.2013 Manager
Ulrich Thürig
CH Schindellegi
Main industrial sector
2829
Manufacture of other general-purpose machinery n.e.c.
4669
Wholesale of other machinery, equipment and supplies
71121
Engineering activities in the field of technical overall
planning
71122
Engineering activities in the field of technical sectoral
planning andengineering design
Limited partner:
APM
Grundstücksverwaltungsgesellschaft mbH &
Co. KG
Ostring 19
D 63762 Großostheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Reg. data:
12.09.2008
Local court
63739 Aschaffenburg
HRA 4730
Payment experience: Slow but corerct
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Ostring 19
D 63762 Großostheim
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 63741 ASCHAFFENBURG
Sort.
code: 79570051
BIC: DEUTDEFF795
Further banks
SPARKASSE ASCHAFFENBURG ALZENAU, 63736
ASCHAFFENBURG
Sort. code: 79550000
BIC: BYLADEM1ASA
COMMERZBANK, 63707 ASCHAFFENBURG
Sort. code: 79540049
BIC: COBADEFFXXX
UNICREDIT BANK - HYPOVEREINSBANK, 63701
ASCHAFFENBURG
Sort. code: 79520070
BIC: HYVEDEMM407
Financial year: 01.01. - 31.12.
Share capital: EUR 26,600.00
The
number of employees is not known.
Control
and profit transfer agreement to:
Dover Germany GmbH
Potsdamer Str. 14a
D 14513 Teltow
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.85 |
|
|
1 |
Rs.100.58 |
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Euro |
1 |
Rs.73.16 |
|
EUR |
1 |
Rs.72.01 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
AMT |
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|
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Report Prepared
by : |
ANK |
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.