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Report Date : |
02.01.2015 |
IDENTIFICATION DETAILS
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Name : |
WELDING GMBH & CO. KG |
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Registered Office : |
Esplanade 39, D 20354 Hamburg, Post Box
30 58 40, D 20318 Hamburg |
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Country : |
Germany |
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Year of Establishments : |
1955 |
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Com. Reg. No.: |
HRA 61868 |
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Legal Form : |
Ltd Partnership With Priv. Ltd. Company As General Partner |
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Line of Business : |
· Engaged in Global marketing, sourcing and distribution of Active Pharmaceutical Ingredients for Human and Veterinary Medicines such as Propyphenazone, Heparin Na, Levothyroxine Na, Doxycycline, Clindamycin HCl, Naloxone HCl dihydrate and Thioctic Acid), additives for the food industry (including Amino Acids, Functional Compounds, Proteins, Gelling Agents and Thickeners), additives for the Feed Industries (including DL-Methionine Feed Grade, L-Tryptophan Feed Grade, L-Threonine Feed Grade and Inositol.) · Engaged in Development, registration and marketing of Generic Formulations for Human and Veterinary Medicines |
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No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to
part any information from the company management.] |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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, 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 |
Welding GmbH & Co. KG
Esplanade 39
D 20354 Hamburg
Post Box: 30 58 40, D 20318 Hamburg
Telephone: 040/359080
Telefax:
040/35908251
Homepage: www.welding.eu
E-mail:
mailbox@welding.eu
DE118950828
active
Business
relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd. company as general partner
Date of foundation: 1955
Registered on: 13.11.1959
Register of
companies: Local
court 20355 Hamburg
under: HRA
61868
A change
within the shareholder structure has occurred. The new structure has not yet
been lodged at the Commercial Register.
Welding Verwaltungs-Gesellschaft mit
beschränkter Haftung
Esplanade 39
D 20354 Hamburg
Legal form: Private limited company
Share capital: EUR 26,075.89
Registered on: 21.10.1959
Reg. data: 20355 Hamburg, HRB 8949
Dr. Torsten Knecht
Esplanade 39
D 20354 Hamburg
having sole power of representation
born: 11.12.1952
Profession: Fully qualified merchant
Marital status: unknown
Manager:
Carsten Thomas Bahnsen
Esplanade 39
D 20354 Hamburg
authorized to jointly
represent the company
born: 05.06.1961
Marital status: unknown
Manager:
Lars Hallmayer
Esplanade 39
D 20354 Hamburg
born: 31.10.1974
Frank Enger
Esplanade 39
D 20354 Hamburg
authorized to jointly represent the
company
born: 28.05.1967
Profession: Clerk
Proxy:
Petra Viergutz
Esplanade 39
D 20354 Hamburg
authorized to jointly
represent the company
born: 13.07.1963
Proxy:
Angelika Halle
Esplanade 39
D 20354 Hamburg
authorized to jointly
represent the company
born: 07.10.1959
Proxy:
Reinhard Kurowitsch
Esplanade 39
D 20354 Hamburg
authorized to jointly
represent the company
born: 21.03.1953
Marital status: unknown
Proxy:
Dr. Jens Kemken
Esplanade 39
D 20354 Hamburg
authorized to jointly
represent the company
born: 26.08.1960
Proxy:
Stephan Busche
Esplanade 39
D 20354 Hamburg
authorized to jointly
represent the company
born: 14.10.1972
Proxy:
Dr. Clemens Eduard
Overlack
Esplanade 39
D 20354 Hamburg
authorized to jointly
represent the company
born: 04.12.1965
Proxy:
Ragnhild Katharina Ruth
Lüder-Jürgens
Esplanade 39
D 20354 Hamburg
authorized to jointly
represent the company
born: 15.08.1950
née: Jürgens
Proxy:
Ronald Dux
D 20354 Hamburg
authorized to jointly
represent the company
born: 24.08.1962
Proxy:
Birgit Schultz
Esplanade 39
D 20354 Hamburg
authorized to jointly
represent the company
born: 22.04.1969
Proxy:
Petra Knieling
Esplanade 39
D 20354 Hamburg
authorized to jointly represent the
company
born: 09.07.1966
Proxy:
Thomas Walus
D 20095 Hamburg
authorized to jointly
represent the company
born: 14.06.1977
13.11.1959 - 29.02.2004 Welding GmbH & Co. KG
Große Theaterstr. 50
D 20354 Hamburg
Ltd partnership with
priv. ltd. company
as general partner
· Engaged in Global marketing, sourcing and distribution of Active Pharmaceutical Ingredients for Human and Veterinary Medicines such as Propyphenazone, Heparin Na, Levothyroxine Na, Doxycycline, Clindamycin HCl, Naloxone HCl dihydrate and Thioctic Acid), additives for the food industry (including Amino Acids, Functional Compounds, Proteins, Gelling Agents and Thickeners), additives for the Feed Industries (including DL-Methionine Feed Grade, L-Tryptophan Feed Grade, L-Threonine Feed Grade and Inositol.)
·
Engaged in
Development, registration and marketing of Generic Formulations for
Human and Veterinary Medicines
Branch:
Welding GmbH & Co.
KG
Speicherstr. 59
D 60327 Frankfurt
TEL.: 069-590797
FAX.: 069/955277-21
Shareholder:
Welding Entwicklungsgesellschaft
mbH
Esplanade 39
D 20354 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR
26,000.00
Share: EUR 26,000.00
Reg. data: 10.06.1976
Local court
20355 Hamburg
HRB 18596
Shareholder:
NAXON Pharma Trade GmbH
Esplanade 39
D 20354 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 06.08.1984
Local court
20355 Hamburg
HRB 32932
Shareholder:
Welding (Middle East) GmbH
Esplanade 39
D 20354 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 51,129.18
Share: EUR 25,564.59
Reg. data: 02.05.1983
Local court
20355 Hamburg
HRB 30852
Payment experience: could not be obtained due to structural
changes
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Esplanade
39
D
20354 Hamburg
Land register documents were not
available.
Principal
bank
BANKHAUS LAMPE, 20003 HAMBURG
Sort. code: 48020151
BIC: LAMPDEDDXXX
Further
banks
JOH. BERENBERG, GOSSLER & CO, 20354
HAMBURG
Sort. code: 20120000
BIC: BEGODEHHXXX
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000
BIC: COBADEHHXXX
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000
BIC: DEUTDEHHXXX
Financial year: 01.04. - 31.03.
Total numbers of vehicles: 25
- Passenger
cars:
25
The number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.63.32 |
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UK Pound |
1 |
Rs.98.64 |
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Euro |
1 |
Rs.76.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
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<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.