MIRA INFORM REPORT

 

 

Report No. :

308554

Report Date :

17.02.2015

 

IDENTIFICATION DETAILS

 

Name :

GEMÜ GEBR. MÜLLER APPARATEBAU GMBH & CO. KOMMANDITGESELLSCHAF

 

 

Registered Office :

Fritz-Müller-Str. 6-8 D 74653 Ingelfingen

 

 

Country :

Germany

 

 

Date of Incorporation :

15.08.1979

 

 

Com. Reg. No.:

HRA 590394

 

 

Legal Form :

Ltd partnership with priv. ltd. company as  general partner

 

 

Line of Business :
  • Manufacture of tools
  • Manufacture of taps and valves n.e.c.

 

 

No. of Employee :

800

 

 

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 – 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

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, has 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 2013. The new German government introduced a minimum wage of $11 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%. 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 hopes to replace nuclear power with renewable energy. 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

 

 

Company name and address

 

GEMÜ GEBR. MÜLLER APPARATEBAU GMBH & CO. KOMMANDITGESELLSCHAFT

 

 Company Status:      active

                      Fritz-Müller-Str. 6-8

                      D 74653 Ingelfingen

                      Telephone:07940/1230

                      Telefax:  07940/123192

                      Homepage: www.gemue.de

                      E-mail:   info@gemue.de

 

 VAT no.:             DE146281082

 

 The street name “Neuer Wasen” was changed to “Fritz-Müller-

 Straße”.

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

Summary

 

 LEGAL FORM               Ltd partnership with priv. ltd. company as

                                    general partner

 Date of foundation:      1964

 Registered on:             15.08.1979

 Register of

 companies:                   Local court 70190 Stuttgart

 under:                          HRA 590394

 

 Total cap. contribution:   EUR          4,000,000.00

 

 Limited partner:

                      GEMÜ Holding GmbH & Co.KG

                      Fritz-Müller-Str. 6-8

                      D 74653 Ingelfingen

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Total cap.         EUR              2,000.00

                      contribution:

                      Share:             EUR          4,000,000.00

                      Registered on: 11.01.2013

                      Reg. data: 70190 Stuttgart, HRA 728247

 General partner:

                      Gebr. Müller GmbH

                      Fritz-Müller-Str. 6-8

                      D 74653 Ingelfingen

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered on: 04.04.1979

                      Reg. data: 70190 Stuttgart, HRB 590215

 

 Shareholder:

                      Fritz Müller

                      D 74676 Niedernhall

                      born: 02.01.1939

                      Share:             EUR             25,564.59

 Manager:

                      Fritz Müller

                      D 74676 Niedernhall

                      born: 02.01.1939

                      Profession: Precision mechanic

                      Marital status: married

 Manager:

                      Gert Müller

                      D 74653 Künzelsau

                      having sole power of representation

                      born: 14.12.1972

 Manager:

                      Stephan Müller

                      D 74653 Ingelfingen

                      having sole power of representation

                      born: 29.05.1971

 Proxy:

                      Joachim Brien

                      OT Treffelhausen

                      D 89558 Böhmenkirch

                      authorized to jointly represent the company

                      born: 03.02.1966

 Proxy:

                      Hermann Walter

                      D 74653 Künzelsau

                      having sole power of representation

                      born: 02.01.1950

 Proxy:

                      Wolfgang Brosk

                      D 74653 Künzelsau

                      authorized to jointly represent the company

 Proxy:

                      Patrick Zurbuchen

                      CH  Eschenbach

                      authorized to jointly represent the company

                      born: 02.03.1964

                      Nationality: Swiss

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 2573    Manufacture of tools

2814    Manufacture of taps and valves n.e.c.

 

 Secondary industrial sector

 26512   Manufacture of instruments and appliances for measuring,

 testing and navigation

4669    Wholesale of other machinery, equipment and supplies

 

 Subsidiaries are maintained in Great Britain, Sweden, France,  

 Brasilia, USA, Singapore, Australia, Austria, Switzerland, China,

 Denmark, South Africa, Belgium, Finland, Italy, Russia, UAE.

 

 

 BRANCHES AND FACTORIES

 

 Branch:

                      GEMÜ Gebr. Müller Apparatebau GmbH & Co.

                      Kommanditgesellschaft

                      Schloßstr. 14

                      D 74653 Ingelfingen

                      TEL.: 07940/91650

 

 

 FINANCIAL INFORMATION

 

 Payment experience:  cash discount/within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

 REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Fritz-Müller-Str. 6-8

                      D 74653 Ingelfingen

 

 Land register documents were not available.

 

 

 BANKERS

 

 DEUTSCHE BANK, 74005 HEILBRONN, NECKAR

 Sort. code: 62070081

 BIC: DEUTDESS620

 COMMERZBANK VORMALS DRESDNER BANK, 74501 SCHWÄBISCH HALL

 Sort. code: 62280012

 BIC: DRESDEFF622

 RAIFFEISENBANK KOCHER-JAGST, 74665 INGELFINGEN

 Sort. code: 60069714

 BIC: GENODES1IBR

 POSTBANK, 70148 STUTTGART

 Sort. code: 60010070

 BIC: PBNKDEFFXXX

 SPARKASSE HOHENLOHEKREIS, 74641 KÜNZELSAU

 Sort. code: 62251550

 BIC: SOLADES1KUN

 LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144

 STUTTGART

 Sort. code: 60050101

 BIC: SOLADEST600

 

 

 FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2013               EUR        145,000,000.00

                      2014               EUR        155,000,000.00

 further business figures:

 Equipment:                              EUR          6,809,500.00

 Ac/ts receivable:                       EUR          2,196,500.00

 Liabilities:                            EUR          4,832,500.00

 Employees:                                                    800

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.20

UK Pound

1

Rs.96.00

Euro

1

Rs.71.00

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ANK

 

 

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.