|
Report No. : |
303002 |
|
Report Date : |
18.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
OUTOTEC GMBH & CO. KG |
|
|
|
|
Registered Office : |
Ludwig-Erhard-Str. 21, D 61440 Oberursel |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
17.12.1990 |
|
|
|
|
Legal Form : |
Limited Partnership With Private Limited Company As General Partner |
|
|
|
|
Line of Business : |
·
Manufacture
of other special-purpose machinery n.e.c. ·
Wholesale
of other equipment and accessories for machinery and technical supplies ·
Engineering
activities in the field of technical sectoral planning andengineering design ·
Other
research and experimental development on natural sciences and engineering |
|
|
|
|
No. of Employees : |
495 |
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 |
OUTOTEC GMBH & CO. KG
Company Status: active
Ludwig-Erhard-Str. 21
D 61440 Oberursel
Telephone:06171/9693-150
Telefax:
06171/9693-123
Homepage: www.outotec.com
E-mail:
steffen.dietzig@outotec.com
VAT
no.: DE811166325
Business relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd.
company as
general partner
Date
of foundation: 17.12.1990
Registered on: 11.07.2014
Register of
companies: Local court 61352 Bad Homburg
under: HRA 5592
Total cap. contribution: EUR 3,100,000.00
Limited partner:
Outotec Deutschland
GmbH
Ludwig-Erhard-Str. 21
D 61440 Oberursel
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 3,100,000.00
Registered on: 14.08.2009
Reg. data: 61352 Bad
Homburg, HRB 11390
General partner:
Outotec Holding GmbH
Ludwig-Erhard-Str. 21
D 61440 Oberursel
Legal form: Private
limited company
Share capital: EUR 511,300.00
Registered on: 27.08.2009
Reg. data: 61352 Bad
Homburg, HRB 11397
Shareholder:
Outokumpu OYI
SF 02101 Espoo
Legal form: Other legal
form
Share: EUR 511,300.00
Manager:
Mikko Juhani Puolakka
SF Helsinki
having sole power of
representation
born: 01.06.1969
Manager:
Nina Paula Kristina
Kiviranta
SF
Helsinki
having sole power of
representation
born: 26.09.1964
Nationality: Finnish
Manager:
Friedrich Paul Hirth
D 61479 Glashütten
having sole power
of representation
born: 12.07.1966
Manager:
Robin Lindahl
D 60306 Frankfurt
having sole power of
representation
born: 24.09.1964
Manager:
Dr. Hannes Storch
D 61378 Friedrichsdorf
having sole power of
representation
born: 23.11.1970
Proxy:
Steffen Dietzig
Antoninusstr. 58
D 60439 Frankfurt
authorized to jointly
represent the company
born: 30.11.1965
Profession: Electrical
engineer
Marital status: married
Proxy:
Raimund Groß
Wikingerstr. 37
D 51107 Köln
authorized to jointly
represent the company
born: 31.08.1953
Proxy:
Manfred Beilstein
Kalmüntener Str. 41a
D 51467 Bergisch Gladbach
authorized to jointly
represent the company
born: 17.01.1954
Proxy:
Thomas Schwalm
D 60311 Frankfurt
authorized to jointly
represent the company
born: 24.04.1965
Proxy:
Manfred Walter Drescher
Stuibenweg 15
D 90471 Nürnberg
authorized to jointly
represent the company
born: 11.08.1977
Profession: Businessman
Proxy:
Ralf Hoppe
Zur Eiche 16
D 51143 Köln
authorized to jointly
represent the company
born: 03.06.1965
Proxy:
Andreas Orth
Obere Römerhofstr. 132
D 61381 Friedrichsdorf
authorized to jointly
represent the company
born: 06.07.1960
Proxy:
Mathias Noll
D 65835 Liederbach
authorized to jointly
represent the company
born: 15.11.1959
Proxy:
Klaus Sauerbier
D 61476 Kronberg
authorized to jointly
represent the company
born: 18.09.1966
Proxy:
Andreas Müller
D 61440 Oberursel
authorized to jointly
represent the company
born: 07.05.1971
Proxy:
Andreas Klein
D 60308 Frankfurt
authorized to jointly
represent the company
born: 18.09.1963
Proxy:
Dr. Michael Alexander
Missalla
D 61440 Oberursel
authorized to jointly represent the
company
born: 20.05.1973
Proxy:
Pekka Hukkanen
SF Helsinki
authorized to jointly
represent the company
born: 06.01.1967
Nationality: Finnish
Proxy:
Christopher Paul Ormston
GB Thropton, Morpeth Northumberla
authorized to jointly
represent the company
born: 14.09.1976
Nationality: British
Proxy:
Jarkko Kalevi Partinen
SF Pori
authorized to jointly
represent the company
born: 21.12.1962
Nationality: Finnish
Proxy:
Tobias Stefan
D 60306 Frankfurt
authorized to jointly
represent the company
born: 26.01.1982
Proxy:
Gerald Karl Peter Mayr
D 83646 Bad Tölz
authorized to jointly
represent the company
born: 29.06.1966
Proxy:
Jörgen Kurt Märzke
D 40210 Düsseldorf
authorized to jointly
represent the company
born: 09.06.1967
Proxy:
Mika Petteri Saariaho
SF Espoo
authorized to jointly
represent the company
born: 23.03.1973
Nationality: Finnish
Further functions/participations of Outotec
Holding GmbH (General
partner)
Shareholder:
Kumpu GmbH
Ludwig-Erhard-Str. 21
D 61440 Oberursel
Legal form: Private
limited company dormant
Share capital: EUR 4,345,980.99
Share: EUR 4,345,980.99
Registered
on: 30.11.2011
Reg. data: 61352 Bad Homburg, HRB 12162
Shareholder:
Outotec Deutschland GmbH
Ludwig-Erhard-Str. 21
D 61440 Oberursel
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Registered
on:
14.08.2009
Reg. data: 61352 Bad Homburg, HRB 11390
01.01.1990 - 31.12.1993 Lurgi Chemie Metallurgie, Industriebau
GmbH
Lurgiallee 5
D 60439 Frankfurt
Private limited
company
01.01.1994 - 31.12.2000 Lurgi Metallurgie GmbH
Lurgiallee 5
D 60439 Frankfurt
Private limited
company
01.01.2001 - 08.03.2004 Lurgi Metallurgie GmbH
Ludwig-Erhard-Str. 21
D 61440 Oberursel
Private limited
company
09.03.2004 - 20.05.2007 Outokumpu Technology GmbH
Ludwig-Erhard-Str. 21
D 61440 Oberursel
Private limited
company
20.05.2007 - 11.07.2014 Outotec GmbH
Ludwig-Erhard-Str. 21
D 61440 Oberursel
Private limited
company
Main industrial sector
28990
Manufacture of other special-purpose machinery n.e.c.
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
71122
Engineering activities in the field of technical sectoral planning
andengineering design
Secondary industrial sector
72190
Other research and experimental development on natural sciences and
engineering
Branch:
Outotec GmbH & Co. KG
Albin-Köbis-Str. 8
D 51147 Köln
TEL.: 02203/9921-0
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Ludwig-Erhard-Str. 21
D 61440 Oberursel
Real Estate of: Outotec Holding GmbH
Type of ownership: Tenant
Address Ludwig-Erhard-Str. 21
D 61440 Oberursel
Land register documents were not available.
Principal banks
COMMERZBANK VORMALS DRESDNER BANK, 40002
DÜSSELDORF
Sort. code: 30080000
BIC: DRESDEFF300
NORDEA
BANK, NIEDERLASSUNG FRANKFURT, 60325 FRANKFURT AM MAIN
Sort. code: 51430300
BIC: NDEADEFFXXX
Further bank
THE
ROYAL BANK OF SCOTLAND NIEDERLASSUNG FRANKFURT, 60311
FRANKFURT AM MAIN
Sort. code: 50230400
BIC: ABNADEFFFRA
Turnover: 2013 EUR 105,000,000.00
Equipment: *EUR 4,059,000.00
Ac/ts receivable: EUR 460,541,000.00
Liabilities: EUR
363,046,000.00
Employees:
495
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity
ratio [%]: 51.23
Liquidity ratio: 3.18
Return on total capital [%]: 22.51
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 7.33
Liquidity ratio: 1.25
Return on total capital [%]: -4.49
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 7.92
Liquidity ratio: 1.30
Return on total capital [%]: 16.69
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 16.41
Liquidity ratio: 1.45
Return on total capital [%]: -2.71
EQUITY RATIO
The
equity ratio indicates the portion of the equity as compared
to
the total capital. The higher the equity ratio, the better the
economic stability (solvency) and thus the
financial autonomy of
a
company.
LIQUIDITY RATIO
The
liquidity ratio shows the proportion between adjusted
receivables and net liabilities. The higher
the ratio, the lower
the
company's financial dependancy from external creditors.
RETURN ON TOTAL CAPITAL
The
return on total capital shows the efficiency and return on
the
total capital employed in the company. The higher the return
on
total capital, the more economically does the company work
with the invested capital.
Type of balance sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 475,366,000.00
Fixed assets
EUR 9,309,000.00
Intangible assets
EUR 2,584,000.00
Tangible assets
EUR 6,725,000.00
Current assets
EUR 465,203,000.00
Accounts receivable
EUR 460,541,000.00
Liquid means
EUR 4,662,000.00
Remaining other assets
EUR 854,000.00
Accruals (assets)
EUR 854,000.00
LIABILITIES EUR 475,366,000.00
Shareholders' equity
EUR 30,767,000.00
Capital
EUR 3,100,000.00
Subscribed capital (share capital)
EUR 3,100,000.00
Reserves EUR 27,667,000.00
Capital reserves
EUR 26,122,000.00
Retained earnings / revenue reserves EUR 1,545,000.00
Provisions
EUR 81,553,000.00
Liabilities EUR 363,046,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 552,201,000.00
Inventory change + own costs (+/-)
EUR -150,898,000.00
Inventory change (+/-)
EUR -150,898,000.00
Other operating income
EUR 5,507,000.00
Cost of materials
EUR 173,114,000.00
Gross result (+/-) EUR 233,696,000.00
Staff expenses
EUR 49,576,000.00
Total depreciation
EUR 2,574,000.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,574,000.00
Other operating expenses
EUR 74,167,000.00
Operating result from continuing
operations
EUR 107,379,000.00
Interest result (+/-) EUR -687,000.00
Financial result (+/-)
EUR -687,000.00
Result from ordinary operations (+/-)
EUR 106,692,000.00
Expenses for transfer of profits to a
parent company
EUR 106,692,000.00
Annual surplus / annual deficit
EUR 0.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 399,086,000.00
Fixed assets
EUR 9,587,000.00
Intangible assets
EUR 3,242,000.00
Other / unspecified intangible assetsEUR 3,242,000.00
Tangible assets
EUR 6,345,000.00
Other / unspecified tangible assets
EUR 6,345,000.00
Current assets
EUR 388,376,000.00
Accounts receivable
EUR 385,575,000.00
Trade debtors EUR 9,953,000.00
Amounts due from related companies
EUR 367,061,000.00
Other debtors and assets
EUR 8,561,000.00
Liquid means
EUR 2,801,000.00
Remaining other assets
EUR 1,123,000.00
Accruals (assets)
EUR 1,123,000.00
LIABILITIES EUR 399,086,000.00
Shareholders' equity
EUR 30,767,000.00
Capital EUR 3,100,000.00
Subscribed capital (share capital)
EUR 3,100,000.00
Reserves
EUR 27,667,000.00
Capital reserves
EUR 26,122,000.00
Retained earnings / revenue reserves EUR 1,545,000.00
Provisions
EUR 57,075,000.00
Liabilities
EUR 311,244,000.00
Other liabilities
EUR 311,244,000.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 29,148,000.00
Liabilities from received advance
payments
EUR 200,296,000.00
Liabililties
due to related companiesEUR
72,155,000.00
Unspecified other liabilities
EUR 9,645,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 93,032,000.00
Inventory change + own costs (+/-)
EUR 121,558,000.00
Other operating income
EUR 8,777,000.00
Cost of materials
EUR 148,521,000.00
Gross result (+/-) EUR 74,846,000.00
Staff expenses
EUR 40,965,000.00
Total depreciation
EUR 2,232,000.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,232,000.00
Other operating expenses
EUR 51,199,000.00
Operating result from continuing
operations
EUR -19,550,000.00
Interest result (+/-) EUR 1,701,000.00
Financial result (+/-)
EUR 1,701,000.00
Result from ordinary operations (+/-)
EUR -17,849,000.00
Income from assumption of loss by
parent company
EUR 17,849,000.00
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.96.00 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.