MIRA INFORM REPORT

 

 

Report No. :

326720

Report Date :

15.06.2015

 

IDENTIFICATION DETAILS

 

Name :

EMG AUTOMATION GMBH

 

 

Registered Office :

Industriestr. 1, D 57482 Wenden

 

 

Country :

Germany

 

 

Date of Incorporation :

26.01.2000

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Subject is manufacture of instruments and appliances for measuring, testing and navigation

 

 

No. of Employee :

320

 

 

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, 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 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. 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 accounts for 34% of total energy consumption, 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.

 

Source : CIA

Company name

 

EMG AUTOMATION GMBH

 

 Company Status:      active

                      Industriestr. 1

                      D 57482 Wenden

                      Telephone:02762/6120

                      Telefax:  02762/612237

                      Homepage: www.emg-automation.com

                      E-mail:   info@emg-automation.com

 

 Trade name:          EMG

 

 VAT no.:             DE206522325

 

 

 CONCLUSION

 

 Business relations are permissible.

 LEGAL FORM              Private limited company

 Date of foundation:      26.01.2000

 Shareholders'

 agreement:                   26.01.2000

 Registered on:             08.07.2011

 Commercial Register: Local court 57072 Siegen

 under:                          HRB 9523

 

 

Share capital  

 

EUR          4,857,300.00

 

 

Shareholder

 

                      elexis AG

                      Industriestr. 1

                      D 57482 Wenden

                      Legal form: Public limited company

                      Share capital:     EUR         23,552,000.00

                      Share:             EUR          4,857,300.00

                      Registered on: 27.08.2003

                      Reg. data: 57072 Siegen, HRB 7549

                      Control and profit transfer agreement

 

 

Manager

 

                      Edgar-Michael Schäfer

                      Am Mühlenberg 9

                      D 57234 Wilnsdorf

                      authorized to jointly represent the company

                      born: 15.04.1955

                      Profession: Management expert

 Manager:

                      Siegfried Koepp

                      Am Geyersberg 4a

                      D 64367 Mühltal

                      authorized to jointly represent the company

                      born: 15.01.1956

                      Profession: graduate engineer

 

 

Proxy

 

                      Jürgen Koch

                      D 57482 Wenden

                      authorized to jointly represent the company

                      born: 29.08.1955

 Proxy:

                      Heinrich Alfons Brüser

                      D 57489 Drolshagen

                      authorized to jointly represent the company

                      born: 21.11.1952

                      born: -gen. Heinz-Alfons-

 Proxy:

                      Gabriele Bornemann

                      D 45130 Essen

                      authorized to jointly represent the company

                      born: 03.03.1976

 

 Further functions/participations of Edgar-Michael Schäfer

 (Manager)

 Shareholder:

                      Siara Beteiligungs GmbH

                      Euteneuen 4

                      D 57548 Kirchen

                      Legal form: Private limited company

                      Share capital:     EUR            400,000.00

                      Share:             EUR              9,100.00

                      Registered

                      on:         28.05.2014

                      Reg. data:  56410 Montabaur, HRB 24071

 Manager:

                      elexis beta GmbH

                      Industriestr. 1

                      D 57482 Wenden

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         17.09.2003

                      Reg. data:  57072 Siegen, HRB 7552

 Member of the Board of Directors:

                      elexis AG

                      Industriestr. 1

                      D 57482 Wenden

                      Legal form: Public limited company

                      Share capital:     EUR         23,552,000.00

                      Registered

                      on:         27.08.2003

                      Reg. data:  57072 Siegen, HRB 7549

 Proxy:

                      BST eltromat International Bielefeld GmbH

                      Heidsieker Heide 53

                      D 33739 Bielefeld

                      Post Box:

                      15 01 61, D 33731 Bielefeld

                      Legal form: Private limited company

                      Share capital:     EUR            588,000.00

                      Registered

                      on:         16.09.2002

                      Reg. data:  33602 Bielefeld, HRB 30830

 Proxy:

                      BST eltromat International Leopoldshöhe GmbH

                      Herforder Str. 249-251

                      D 33818 Leopoldshöhe

                      Legal form: Private limited company

                      Share capital:     EUR          4,000,000.00

                      Registered

                      on:         17.08.2009

                      Reg. data:  32657 Lemgo, HRB 6936

 

 Further functions/participations of Siegfried Koepp (Manager)

 President of the Board of Directors:

                      elexis AG

                      Industriestr. 1

                      D 57482 Wenden

                      Legal form: Public limited company

                      Share capital:     EUR         23,552,000.00

                      Registered

                      on:         27.08.2003

                      Reg. data:  57072 Siegen, HRB 7549

 Proxy:

                      BST eltromat International Bielefeld GmbH

                      Heidsieker Heide 53

                      D 33739 Bielefeld

                      Post Box:

                      15 01 61, D 33731 Bielefeld

                      Legal form: Private limited company

                      Share capital:     EUR            588,000.00

                      Registered

                      on:         16.09.2002

                      Reg. data:  33602 Bielefeld, HRB 30830

 

 

 COMPANY HISTORY

 

 26.01.2000 - 07.12.2000  elexis gamma GmbH

                          Ulmenstr. 22

                          D 60325 Frankfurt

                          Private limited company

 08.12.2000 - 08.07.2011  HEKUMA GmbH

                          Freisinger Str. 3b

                          D 85386 Eching

                          Private limited company

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 26511   Manufacture of instruments and appliances for measuring, testing and navigation

 

 

 BRANCHES AND FACTORIES

 

 Branch:

                      EMG Automation GmbH

                      Am Pfefferbach 20

                      D 39387 Oschersleben

                      TEL.: 03949/928500

 

PARTICIPATIONS

 

 Shareholder:

                      BST eltromat International Bielefeld GmbH

                      Heidsieker Heide 53

                      D 33739 Bielefeld

                      Post Box:

                      15 01 61

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            588,000.00

                      Share:                 EUR            588,000.00

                      Reg. data:           16.09.2002

                                                Local court 33602 Bielefeld

                                                HRB 30830

 Shareholder:

                      HEKUMA GmbH

                      Freisinger Str. 3b

                      D 85386 Eching

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             26,000.00

                      Share:                 EUR             26,000.00

                      Reg. data:           06.06.2011

                                                Local court 80333 München

                                                HRB 192498

 

 Payment experience:  cash discount/within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

 REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                          100.00 %

 Address                       Industriestr. 1

                                    D 57482 Wenden

 

 Land register documents were not available.

 

 

 

BANKERS

 

 LANDESBANK BADEN-WÜRTTEMBERG/RHEINLAND-PFALZ BANK, 55098 MAINZ A

 RHEIN

 Sort. code: 60050101

 BIC: SOLADEST600

 DEUTSCHE BANK, 57069 SIEGEN

 Sort. code: 46070090

 BIC: DEUTDEDK460

 VOLKSBANK OLPE-WENDEN-DROLSHAGEN, 57450 OLPE, BIGGESEE

 Sort. code: 46261822

 BIC: GENODEM1WDD

 WGZ BANK, 48136 MÜNSTER, WESTF

 Sort. code: 40060000

 BIC: GENODEMSXXX

 UNICREDIT BANK - HYPOVEREINSBANK, 80311 MÜNCHEN

 Sort. code: 70020270

 BIC: HYVEDEMMXXX

 

 

 FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2013               EUR         61,000,000.00

                      2014               EUR         60,000,000.00

 further business figures:

 Share capital:                          EUR          4,857,300.00

 Equipment:                              EUR            753,000.00

 Ac/ts receivable:                       EUR          7,889,000.00

 Liabilities:                            EUR          7,309,000.00

 Real estate of the firm:                EUR          8,982,000.00

 Employees:                                                    320

 - thereof permanent staff:                                    320

 

 Control and profit transfer agreement to:

                      elexis AG

                      Industriestr. 1

                      D 57482 Wenden

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.03

UK Pound

1

Rs.99.27

Euro

1

Rs.71.90

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

ASH

 

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.