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Report No. : |
327565 |
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Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
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Name : |
BGH EDELSTAHL SIEGEN GMBH |
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Registered Office : |
Industriestr. 9, D 57076 Siegen |
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Country : |
Germany |
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Date of Incorporation : |
13.07.1990 |
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Com. Reg. No.: |
HRB 3578 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No of Employees : |
531 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 |
BGH Edelstahl Siegen GmbH
Industriestr.
9
D 57076
Siegen
Telephone:0271/701-0
Telefax: 0271/701-300
Homepage: www.facebook.com/pages/BGH-Edelsta
hl-Siegen-GmbH
E-mail: info.siegen@bgh.de
Active
DE811163253
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 13.07.1990
Shareholders'
agreement: 13.07.1990
Registered on: 17.08.1990
Commercial Register: Local court 57072 Siegen
under: HRB
3578
Share capital: EUR
7,669,378.22
Shareholder:
BGH Edelstahlwerke GmbH
Am Stahlwerk 1
D 01705 Freital
Legal form: Private
limited company
Share capital: EUR 5,240,741.78
Share: EUR 7,669,378.22
Registered on: 22.05.1990
Reg. data: 01069 Dresden,
HRB 7
Control and profit
transfer agreement
Manager:
Dr. Frank Hippenstiel
Im Boden 51
D 57080 Siegen
born: 30.12.1970
Proxy:
Oliver Zipper
D 57258 Freudenberg
authorized to jointly
represent the company
born: 12.09.1966
Proxy:
Gunnar Kohlschein
Im Heiligen Seifen 19
D 57223 Kreuztal
having sole power of
representation
born: 12.06.1969
Profession: Fully
qualified economic
engineer
Proxy:
Harald Kleiber
D 57223 Kreuztal
authorized to jointly
represent the company
born: 28.09.1958
Proxy:
Marcus Kohl
D 57080 Siegen
authorized to jointly
represent the company
born: 28.10.1966
Proxy:
Stephan Hellwig
D 57076 Siegen
authorized to jointly
represent the company
born: 08.08.1962
Proxy:
Falk Neukirch
Pohlandstr. 34
D 01309 Dresden
authorized to jointly
represent the company
born: 24.01.1971
Further functions/participations of Dr. Frank
Hippenstiel (Manager)
Manager:
BGH Edelstahlwerke GmbH
Am Stahlwerk 1
D 01705 Freital
Legal form: Private limited
company
Share capital: EUR 5,240,741.78
Registered
on: 22.05.1990
Reg. data: 01069 Dresden, HRB 7
30.04.2008 - 15.02.2013 Manager
Gunnar Kohlschein
D 57223 Kreuztal
Main industrial sector
2410
Manufacture of basic iron, steel and ferro-alloys
25110 Manufacture of metal structures and parts of
structures
2550 Forging, pressing, stamping and
roll-forming of metal; powder metallurgy
2899 Manufacture of other special-purpose
machinery n.e.c.
Shareholder:
SEW Edelstahl
Verwaltungs-GmbH
Am Stahlwerk 1
D 01705 Freital
Legal form: Private
limited company
Company Status: active
Share capital: EUR 300,000.00
Share: EUR 270,000.00
Reg. data: 25.02.1993
Local court
01069 Dresden
HRB
5055
Shareholder:
enerma - gesellschaft für
energiedienstleistungen
mbH
Birlenbacher Str. 14
D 57078 Siegen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 5,000.00
Reg. data: 14.06.2011
Local court
57072 Siegen
HRB 9507
Payment experience: cash
discount/within agreed terms
Negative information: We have no negative information at hand.
PMI: No significant / relevant payment experience
information pertaining to the company
inquired upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
Type of ownership: Tenant
Address Industriestr.
9
D 57076 Siegen
Land register documents were not available.
DEUTSCHE BANK, 57069 SIEGEN
Sort. code: 46070090, Account no.: 136168
BIC: DEUTDEDK460, IBAN: DE41460700900013616800
UNICREDIT BANK - HYPOVEREINSBANK, 50443 KÖLN
Sort. code: 37020090
BIC: HYVEDEMM429
POSTBANK, 44131 DORTMUND
Sort. code: 44010046, Account no.: 17641467
BIC: PBNKDEFFXXX, IBAN: DE43440100460017641467
SPARKASSE SIEGEN, 57009 SIEGEN
Sort. code: 46050001, Account no.: 12237
BIC: WELADED1SIE, IBAN: DE91460500010000012237
Financial year: 01.01. - 31.12.
Turnover: 2013 *EUR 93,987,000.00
2014 *EUR 93,987,000.00
further business figures:
Share capital: EUR 7,669,378.22
Equipment: *EUR 4,460,000.00
Ac/ts receivable: *EUR 11,257,000.00
Liabilities: *EUR 12,213,000.00
Employees:
531
Control and profit transfer agreement to:
BGH Edelstahlwerke GmbH
Am Stahlwerk 1
D 01705 Freital
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. 63.50 |
|
|
1 |
Rs. 100.93 |
|
Euro |
1 |
Rs. 72.31 |
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 |
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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 |
|
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 |
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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 |
|
<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.