MIRA INFORM REPORT

 

 

Report No. :

309252

Report Date :

27.02.2015

 

IDENTIFICATION DETAILS

 

Name :

FUCHS GMBH & CO. KG

 

 

Registered Office :

Industriestr. 25 D 49201 Dissen

 

 

Country :

Germany

 

 

Date of Incorporation :

01.02.1969

 

 

Com. Reg. No.:

HRA 110690

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :
  • Manufacture of other food products n.e.c.
  • Wholesale of coffee, tea, cocoa and spices
  • Other activities of head offices

 

 

No. of Employee :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

À1

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

 

FUCHS GMBH & CO. KG

 

 Company Status:      active

                      Industriestr. 25

                      D 49201 Dissen

                      Telephone:05421/3090

                      Telefax:  05421/309111

                      E-mail:   info@fuchs-gewuerze.de

 

 VAT no.:             DE117586107

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

Summary

 

 LEGAL FORM              Ltd partnership with priv. ltd. company as

                                    general partner

 Date of foundation:      01.02.1969

 Registered on:             05.04.2006

 Register of

 companies:                  Local court 49074 Osnabrück

 under:                          HRA 110690

 

 

 Total cap. Contribution

 

EUR            256,000.00

 

 Limited partner:

                      DF World of Spices GmbH

                      Industriestr. 25

                      D 49201 Dissen

                      Legal form: Private limited company

                      Share capital:     EUR         13,335,200.00

                      Share:             EUR            256,000.00

                      Registered on: 12.11.2002

                      Reg. data: 49074 Osnabrück, HRB 110874

 General partner:

                      Fuchs BeteiligungsgesellschaftmbH

                      Industriestr. 25

                      D 49201 Dissen

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered on: 21.08.1991

                      Reg. data: 49074 Osnabrück, HRB 16845

 

 Shareholder:

                      DF Verwaltung GmbH & Co. KG

                      Industriestr. 25

                      D 49201 Dissen

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Total cap.         EUR         10,072,450.06

                      contribution:

                      Share:             EUR             26,000.00

                      Registered on: 04.03.2004

                      Reg. data: 49074 Osnabrück, HRA 110593

 Manager:

                      Nils Meyer-Pries

                      Ernst-Sievers-Str. 72

                      D 49078 Osnabrück

                      born: 28.01.1970

                      Profession: anditor and tax advisor

 Manager:

                      Dirk Haucap

                      Heinrich-Witte-Str. 29

                      D 49179 Ostercappeln

                      authorized to jointly represent the company

                      born: 11.12.1969

 Manager:

                      Claus-Peter Stellmacher

                      Falkenstr. 3d

                      D 22885 Barsbüttel

                      authorized to jointly represent the company

                      born: 02.09.1953

 Manager:

                      Dr. Helmut Heinrich Mank

                      D 49324 Melle

                      born: 08.11.1956

 Manager:

                      Dr. Klaus Valentin Gröhnke

                      D 49201 Dissen

                      authorized to jointly represent the company

                      born: 07.12.1976

                      born: Kilimann

 Proxy:

                      Hartmut Scholltze

                      Papiermühle 33

                      D 49124 Georgsmarienhütte

                      authorized to jointly represent the company

                      born: 06.02.1955

                      Profession: Fully qualified merchant

 Proxy:

                      Jürgen Bruno Peters

                      Spielplatzstr. 3

                      D 33129 Delbrück

                      authorized to jointly represent the company

                      born: 10.04.1959

                      Marital status: married

 Proxy:

                      Tono Georg Südhoff

                      D 48429 Rheine

                      authorized to jointly represent the company

                      born: 17.08.1972

 Proxy:

                      Dr. Gernot Thiel

                      Uhlenberger Str. 42

                      D 49326 Melle

                      authorized to jointly represent the company

                      born: 12.05.1973

 Proxy:

                      Tom Schmedes

                      Coerdeplatz 20

                      D 48147 Münster

                      authorized to jointly represent the company

                      born: 06.10.1968

 Proxy:

                      Dr. Klaus Valentin Gröhnke

                      D 49201 Dissen

                      authorized to jointly represent the company

                      born: 07.12.1976

                      born: Kilimann

 Proxy:

                      Andrea Kunze

                      D 48336 Sassenberg

                      authorized to jointly represent the company

                      born: 30.11.1977

 Proxy:

                      Wolfgang Kohnen

                      D 49179 Ostercappeln

                      authorized to jointly represent the company

                      born: 19.04.1970

 Proxy:

                      Hans-Joachim Pogodda

                      D 49186 Bad Iburg

                      authorized to jointly represent the company

                      born: 14.11.1958

 Proxy:

                      Markus Johannes Niederholtmeyer

                      D 49124 Georgsmarienhütte

                      authorized to jointly represent the company

                      born: 22.09.1960

 

 

 COMPANY HISTORY

 

 01.02.1969 - 05.04.2006  Fuchs GmbH & Co. KG

                          Osterfeldstr. 2-8

                          D 49326 Melle

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 10890   Manufacture of other food products n.e.c.

46370   Wholesale of coffee, tea, cocoa and spices

 

 Secondary industrial sector

 70109   Other activities of head offices

 

 

 BRANCHES AND FACTORIES

 

 Works:

                      Fuchs GmbH & Co. KG

                      Westring 15-17

                      D 49201 Dissen

 Branch:

                      Fuchs GmbH & Co. KG

                      Osterfeldstr. 2-8

                      D 49326 Melle

                      TEL.: 05429/209-0

 

 

 FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

 REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Westring 15-17

                      D 49201 Dissen

 

 Type of ownership:   Tenant

 Address              Industriestr. 25

                      D 49201 Dissen

 

 Real Estate of:      Fuchs BeteiligungsgesellschaftmbH

 Type of ownership:   Tenant

 Address              Industriestr. 25

                      D 49201 Dissen

 

 Land register documents were not available.

 

 

 BANKERS

 

 VOLKSBANK DISSEN ZNDL D VB OSNABRÜCK, 49201 DISSEN AM TEUTOBURGER

 WALD

 Sort. code: 26590025

 BIC: GENODEF1OSV

 COMMERZBANK, 33596 BIELEFELD

 Sort. code: 48040035

 BIC: COBADEFFXXX

 SPARKASSE OSNABRÜCK, 49018 OSNABRÜCK

 Sort. code: 26550105

 BIC: NOLADE22XXX

 

 

 FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 The number of employees is not known.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.94

UK Pound

1

Rs.96.24

Euro

1

Rs.70.39

 

 

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.