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Report No. : |
327712 |
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Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
VOESTALPINE BÖHLER WELDING GERMANY GMBH |
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Registered Office : |
Unionstr. 1, D 59067 Hamm |
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Country : |
Germany |
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Year of Establishment : |
1996 |
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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 : |
Ba |
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
VOESTALPINE
BÖHLER WELDING GERMANY GMBH
Company Status: active
Unionstr. 1
D 59067 Hamm
Telephone:02381/27101
Telefax: 02381/271522
E-mail: info@boehler-thyssen.com
VAT
no.: DE812113327
Tax
ID number: 122/5703/1341
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1996
Begin
of business
activities: 1996
Shareholders'
agreement: 16.09.1996
Registered on: 02.10.1996
Commercial Register: Local court 59065 Hamm
under: HRB
2136
EUR
14,000,000.00
voestalpine Böhler
Welding Group GmbH
Peter-Müller-Str. 14-14a
D 40468 Düsseldorf
Legal form: Private
limited company
Share capital: EUR
21,000,000.00
Share: EUR 14,000,000.00
Registered on: 18.05.2005
Reg. data: 41460 Neuss,
HRB 13393
Control and profit
transfer agreement
Birgit Gabriele
Breuer-Kabuth
D 45721 Haltern am See
born: 15.02.1962
Profession: Businessman
Manager:
Reinhold Rohde
Hubertusstr. 4
D 59071 Hamm
born: 31.01.1948
Profession: Fully
qualified management
expert
Manager:
Johannes Lambertus Petrus
Hilkes
D 48317 Drensteinfurt
born: 02.07.1957
Manager:
Bernhard Riegler
A Wien
born: 17.07.1974
Nationality: Austrian
Udo Krug
Uhrbrookring 40 b
D 21502 Geesthacht
authorized to jointly
represent the company
born: 14.03.1954
Marital status: married
Proxy:
Wolfgang Lisken
Albert-Einstein-Str. 59
D 59069 Hamm
authorized to jointly
represent the company
born: 17.05.1957
Profession: Businessman
Marital status: married
Proxy:
Norbert Kallenbach
Dambergskamp 44
D 59071 Hamm
authorized to jointly
represent the company
born: 19.04.1963
Proxy:
Thorge Peters
In der Wöste 38
D 59073 Hamm
authorized to jointly
represent the company
born: 28.03.1974
Proxy:
Michael Semar
D 21502 Geesthacht
authorized to jointly
represent the company
born: 22.10.1953
Proxy:
Klaus Buch
D 44135 Dortmund
authorized to jointly
represent the company
born: 12.10.1966
Proxy:
Margrit Müllers
D 79189 Bad Krozingen
authorized to jointly
represent the company
born: 21.03.1965
Proxy:
Gundula Schulte-Kringel
D 59514 Welver
authorized to jointly
represent the company
born: 01.01.1967
Proxy:
Andreas Kupka
Eifelstr. 21
D 48151 Münster
authorized to jointly
represent the company
born: 08.06.1971
Proxy:
Thomas Vallant
A Graz
authorized to jointly
represent the company
born: 05.06.1970
Nationality: Austrian
Further functions/participations of Birgit
Gabriele Breuer-Kabuth
(Manager)
Manager:
voestalpine Böhler
Welding Group GmbH
Peter-Müller-Str. 14-14a
D 40468 Düsseldorf
Legal form: Private
limited company
Share capital: EUR
21,000,000.00
Registered
on: 18.05.2005
Reg. data: 41460 Neuss, HRB 13393
Manager:
voestalpine Böhler Welding
UTP Maintenance
GmbH
Elsäßer Str. 10
D 79189 Bad Krozingen
Legal form: Private
limited company
Share capital: EUR 200,000.00
Registered
on: 28.04.2014
Reg. data: 79098 Freiburg, HRB 711384
Further functions/participations of Johannes
Lambertus Petrus
Hilkes (Manager)
President of the Board of Directors:
Schweißelektroden-Vereinigung
Kaiserswerther Str. 137
D 40474 Düsseldorf
Post Box:
30 02 52, D 40402
Düsseldorf
Legal form: Registered
association
Registered
on: 24.02.1948
Reg. data: 40227 Düsseldorf, VR 4181
1996 - 01.01.2002 Thyssen Schweißtechnik Deutschland GmbH
Wilhelmstr. 2
D 59067 Hamm
Private limited company
2002 - 01.01.2003 Thyssen Schweißtechnik Deutschland GmbH
Unionstr. 1
D
59067 Hamm
Private limited company
01.01.2003 - 13.09.2013 Böhler Schweisstechnik Deutschland GmbH
Unionstr. 1
D
59067 Hamm
Private limited company
01.10.2008 - 02.05.2014 Manager
Jürgen Ohlsen
D 79280 Au
28.04.2010 - 12.02.2014 Manager
Peter Karol Sergej
Puschkarski
D 40667 Meerbusch
Main industrial sector
28410
Manufacture of metal forming machinery
4669
Wholesale of other machinery, equipment and supplies Secondary
industrial sector
46741 Wholesale
of tools and hardware
Works:
voestalpine Böhler
Welding Germany GmbH
Hansaallee 321
D 40549 Düsseldorf
TEL.: 0211/5378-0
FAX.: 0211/5378-426
Works:
voestalpine Böhler
Welding Germany GmbH
Hafenstr. 21
D 59067 Hamm
TEL.: 02381/27101
FAX.: 02381/271522
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 Unionstr.
1
D 59067 Hamm
Land
register documents were not available.
Principal bank
COMMERZBANK, 59003 HAMM, WESTF
Sort. code: 41040018
BIC: COBADEFFXXX
Further bank
DEUTSCHE BANK, 59003 HAMM, WESTF
Sort. code: 41070049
BIC: DEUTDEDE410
Financial
year: 01.04. - 31.03.
Share capital: EUR 14,000,000.00
The
number of employees is not known.
Control and profit transfer agreement to:
voestalpine Böhler
Welding Group GmbH
Peter-Müller-Str. 14-14a
D 40468 Düsseldorf
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.51 |
|
|
1 |
Rs.100.94 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.