|
Report No. : |
330812 |
|
Report Date : |
04.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
VOSSLOH FASTENING SYSTEMS GMBH |
|
|
|
|
Registered Office : |
Vosslohstr. 4, D 58791 Werdohl, Post Box: 18 60, D 58778 Werdohl |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
12.01.1996 |
|
|
|
|
Com. Reg. No.: |
HRB 5363 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Wholesale of Tools and Hardware. · Non-specialized wholesale trade |
|
|
|
|
No. of Employees : |
301 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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, 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 5.2% in 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private
investment. 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 plans to replace nuclear power with renewable energy, which
accounted for 27.8% of gross electricity consumption in 2014, up from 9% in
2000. 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. Extremely low inflation, caused largely by low global
energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
VOSSLOH FASTENING SYSTEMS GMBH
Company Status: active
Vosslohstr. 4
D 58791 Werdohl
Post Box:
18 60, D 58778 Werdohl
Telephone:02392/520
Telefax: 02392/52219
Homepage:
www.vossloh-fastening-systems.com
E-mail: info@vfs.vossloh.com
DE170814872
LEGAL FORM Private
limited company
Date of foundation: 1996
Begin of business
activities: 1996
Registered on: 12.01.1996
Commercial Register: Local court 58636 Iserlohn
under: HRB
5363
EUR
1,023,000.00
Shareholder:
Vossloh-Werke GmbH
Vosslohstr. 4
D 58791 Werdohl
Legal form: Private
limited company
Share capital: EUR
2,556,500.00
Share: EUR 1,023,000.00
Registered on: 28.12.1989
Reg. data: 58636 Iserlohn,
HRB 5286
Control and profit
transfer agreement
Manager:
Dr.h.c. Hans Martin Schabert
Steinplattenweg 93
D 90491 Nürnberg
born: 11.04.1961
Marital status: married
Manager:
Klaus Mazurczyk
D 58239 Schwerte
born: 18.05.1966
Proxy:
Andrea Maag
D 44575 Castrop-Rauxel
authorized to jointly
represent the company
born: 16.12.1964
Proxy:
Winfried Bösterling
D 58809 Neuenrade
authorized to jointly
represent the company
born: 19.05.1962
Proxy:
Marc Ullrich
D 58507 Lüdenscheid
authorized to jointly
represent the company
born: 16.03.1969
Proxy:
Christof Kurt Josef
Steinmeister
D 77815 Bühl
authorized to jointly
represent the company
born: 22.10.1964
Proxy:
Ulrich Levermann
D 58809 Neuenrade
authorized to jointly
represent the company
born: 29.06.1969
Proxy:
Frank Sbielut
D 58089 Hagen
authorized to jointly
represent the company
born: 25.07.1968
Further functions/participations of Dr.h.c.
Hans Martin Schabert
(Manager)
Shareholder:
HMS Board Consulting GmbH
Pirckheimerstr. 68
D 90408 Nürnberg
Legal form: Private
limited company
Share capital: EUR
25,000.00
Share: EUR 25,000.00
Registered
on: 31.10.2012
Reg. data: 90402 Nürnberg, HRB 29052
Manager:
HMS Board Consulting GmbH
Pirckheimerstr. 68
D 90408 Nürnberg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 31.10.2012
Reg. data: 90402 Nürnberg, HRB 29052
Manager:
Vossloh-Werke
International GmbH
Vosslohstr. 4
D 58791 Werdohl
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 29.11.2007
Reg. data: 58636 Iserlohn, HRB 6381
Manager:
Vossloh-Werke GmbH
Vosslohstr. 4
D 58791 Werdohl
Legal form: Private
limited company
Share capital: EUR 2,556,500.00
Registered
on: 28.12.1989
Reg. data: 58636 Iserlohn, HRB 5286
Member of the Board of Directors:
Vossloh Aktiengesellschaft
Vosslohstr. 4
D 58791 Werdohl
Legal form: Public limited
company
Share capital: EUR
37,825,168.86
Registered
on: 02.03.1990
Reg. data: 58636 Iserlohn, HRB 5292
Further functions/participations of Klaus
Mazurczyk (Manager)
Manager:
Vossloh-Werke GmbH
Vosslohstr. 4
D 58791 Werdohl
Legal form: Private
limited company
Share capital: EUR 2,556,500.00
Registered
on: 28.12.1989
Reg. data: 58636 Iserlohn, HRB 5286
Manager:
BV Oberflächentechnik
Verwaltungs GmbH
Vosslohstr. 4
D 58791 Werdohl
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 21.12.2004
Reg. data: 58636 Iserlohn, HRB 5713
Manager:
Vossloh-Werke
International GmbH
Vosslohstr. 4
D 58791 Werdohl
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 29.11.2007
Reg. data: 58636 Iserlohn, HRB 6381
27.04.1993 - 12.01.1996 Vossloh Rail Services International GmbH
(AG Düsseldorf, HRB
29570)
Freiligrathstr. 1
D 40479 Düsseldorf
Private limited
company
27.02.2012 - 21.07.2014 Manager
Christian Dölle
D 61352 Bad Homburg
Main industrial sector
46741
Wholesale of tools and hardware
4690 Non-specialized
wholesale trade
Payment experience: cash discount/within agreed terms
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Vosslohstr.
4
D 58791 Werdohl
Real Estate of: Dr.h.c.
Hans Martin Schabert
Type of ownership: Tenant
Address Schleifweg
56
D 91058 Erlangen
Land register documents were not available.
Principal bank
COMMERZBANK, 58463 LÜDENSCHEID
Sort. code: 45840026
BIC: COBADEFFXXX
Further bank
DEUTSCHE BANK, 58772 WERDOHL
Sort. code: 44570004
BIC: DEUTDEDW445
Financial year:
01.01. - 31.12.
Turnover:
2013 EUR
171,494,578.00
2014 EUR 159,035,890.00
further business figures:
Share capital: EUR 1,023,000.00
Equipment: *EUR 1,638,000.00
Ac/ts receivable: *EUR 6,961,500.00
Liabilities: *EUR 10,237,500.00
Employees:
301
- thereof permanent staff: 272
- Part-time employees: 2
- Trainees:
27
Control and profit transfer agreement to:
Vossloh-Werke GmbH
Vosslohstr. 4
D 58791 Werdohl
The business figures marked with an asterisk
are estimates based on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
|
1 |
Rs.98.94 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.