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Report No. : |
302760 |
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Report Date : |
17.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
CONTITECH
TRANSPORTBANDSYSTEME GMBH |
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Registered Office : |
Vahrenwalder Str. 9, D 30165 Hannover |
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Country : |
Germany |
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Date of Incorporation : |
09.10.1990 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
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 |
Note: The subject of your inquiry is a
branch. We are reporting on the headquarters.
ContiTech
Transportbandsysteme GmbH
Vahrenwalder
Str. 9
D 30165
Hannover
Telephone:0511/938-02
Telefax: 0511/938-81770
Homepage:
www.contitech.de
E-mail: mailservice@contitech.de
Active
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 09.10.1990
Shareholders'
agreement: 09.10.1990
Registered on: 25.10.1990
Commercial Register: Local court 30175 Hannover
under: HRB
52025
Share capital: EUR 26,127.02
Shareholder:
ContiTech
Verwaltungs-GmbH
Vahrenwalder Str. 9
D 30165 Hannover
Legal form: Private
limited company
Share capital: EUR 32,000.00
Share: EUR 24,797.66
Registered on: 03.03.2003
Reg. data: 30175
Hannover, HRB 60897
Control and profit
transfer agreement
Shareholder:
Continental
Caoutchouc-Export-GmbH
Vahrenwalder Str. 9
D 30165 Hannover
Legal form: Private
limited company
Share capital: EUR
10,500,000.00
Share: EUR 1,329.36
Registered on: 09.07.2009
Reg. data: 30175
Hannover, HRB 204411
Manager:
Hans-Jürgen Duensing
D 30855 Langenhagen
born: 20.05.1958
Profession: Businessman
President of the Supervisory Board:
Heinz-Gerhard Wente
Elsterbusch 6
D 30989 Gehrden
born: 23.04.1951
Profession: Fully
qualified merchant
Marital status: married
Vice-president of the Supervisory Board:
Karin Seid
D 30159 Hannover
born: 28.04.1967
Member of the Supervisory Board:
Dr. Dirk Leiß
D 30916 Isernhagen
born: 06.05.1963
Member of the Supervisory Board:
Holmer Struck
D 30952 Ronnenberg
born: 06.08.1955
Member of the Supervisory Board:
Udo Siegmund
D 37191 Katlenburg-Lindau
Marital status: unknown
Member of the Supervisory Board:
Michael Rose
D 37154 Northeim
Marital status: unknown
Proxy:
Andreas Huck
D 30159 Hannover
authorized to jointly
represent the company
born: 18.07.1969
Further functions/participations of
Hans-Jürgen Duensing (Manager)
Member of the Board of Directors:
ContiTech AG
Vahrenwalder Str. 9
D 30165 Hannover
Legal form: Public limited company
Share capital: EUR
88,948,888.00
Registered
on: 15.11.2004
Reg. data: 30175 Hannover, HRB 62105
Vice-president of the Supervisory Board:
ContiTech
Elastomer-Beschichtungen GmbH
Vahrenwalder Str. 9
D 30165 Hannover
Legal form: Private
limited company
Share capital: EUR 37,000.00
Registered
on: 26.01.1989
Reg. data: 30175 Hannover, HRB 50972
25.10.1990 - 05.2012 ContiTech
Transportbandsysteme
Büttnerstr. 25
D 30165 Hannover
Private limited company
Main industrial sector
22190
Manufacture of other rubber products
2229 Manufacture of other plastic products
Works:
ContiTech
Transportbandsysteme GmbH
Elbinger Str. 8
D 37574 Einbeck
TEL.: 05551/702681
Branch:
ContiTech
Transportbandsysteme GmbH
Breslauer Str. 14
D 37154 Northeim
TEL.: 05551/702207
FAX.: 05551/702504
Branch:
ContiTech
Transportbandsysteme GmbH
Niehler Str. 102-116
D 50733 Köln
TEL.: 0221/7773-0
Branch:
ContiTech
Transportbandsysteme GmbH
Clausthalstr. 2
D 47441 Moers
TEL.: 02841/144183
Payment
experience: within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Vahrenwalder
Str. 9
D 30165 Hannover
Land register documents were not available.
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000
BIC: COBADEHHXXX
DEUTSCHE BANK, 30002 HANNOVER
Sort. code: 25070070
BIC: DEUTDE2HXXX
COMMERZBANK VORMALS DRESDNER BANK, 30002
HANNOVER
Sort. code: 25080020
BIC: DRESDEFF250
POSTBANK (GIRO), 22280 HAMBURG
Sort. code: 20010020
BIC: PBNKDEFFXXX
Financial year: 01.01.
- 31.12.
Share capital: EUR
26,127.02
The number of employees is not known.
Control and profit transfer agreement to:
ContiTech
Verwaltungs-GmbH
Vahrenwalder Str. 9
D 30165 Hannover
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.89 |
|
|
1 |
Rs.93.92 |
|
Euro |
1 |
Rs.72.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
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.