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Report No. : |
348738 |
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Report Date : |
17.11.2015 |
IDENTIFICATION DETAILS
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Name : |
UPONOR GMBH |
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Registered Office : |
Industriestr.
56 D 97437 Haßfurt Post Box: 16 41, D 97433 Haßfurt |
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Country : |
Germany |
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Date of Incorporation : |
26.01.1990 |
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Com. Reg. No.: |
HRB 1832 |
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Legal Form : |
Private limited company |
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Line of Business : |
Manufacture of plastic plates, sheets, tubes and profiles |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – 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 |
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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, 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 |
UPONOR
GmbH
Industriestr.
56
D 97437
Haßfurt
Post Box:
16 41, D
97433 Haßfurt
Telephone:09521/690-0
Telefax: 09521/690-105
Homepage: www.uponor.com
E-mail: info.de@uponor.com
Active
DE133899039
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 26.01.1990
Shareholders'
agreement: 26.01.1990
Registered on: 11.04.1990
Commercial Register: Local court 96047 Bamberg
under: HRB
1832
Share capital: EUR 600,000.00
Shareholder:
Uponor Beteiligungs GmbH
Industriestr. 56
D 97437 Haßfurt
Legal form: Private
limited company
Share capital: EUR
20,000,000.00
Share: EUR 600,000.00
Registered on: 05.03.2002
Reg. data: 96047 Bamberg,
HRB 4580
Control and profit
transfer agreement
Manager:
Richard Kraus
Mutzenroth 11
D 97516 Oberschwarzach
authorized to jointly
represent the company
born: 18.01.1961
Profession: Fully qualified
merchant
Marital status: married
Manager:
Jan Peter Tewes
D 40210 Düsseldorf
born: 26.11.1968
Proxy:
Christoph Reinhardt
D 91475 Lonnerstadt
authorized to jointly
represent the company
born: 14.02.1961
Profession: Businessman
Marital status: single
Proxy:
Axel Echtermeyer
Gartenholz 130
D 22926 Ahrensburg
authorized to jointly
represent the company
born: 22.06.1964
Proxy:
Georg Edmund Goldbach
D 97437 Haßfurt
authorized to jointly
represent the company
born: 17.09.1959
Proxy:
Martin Thürmer
D 97729 Ramsthal
authorized to jointly
represent the company
born: 27.10.1970
Further functions/participations of Richard
Kraus (Manager)
Manager:
Uponor Beteiligungs GmbH
Industriestr. 56
D 97437 Haßfurt
Legal form: Private
limited company
Share capital: EUR
20,000,000.00
Registered
on: 05.03.2002
Reg. data: 96047 Bamberg, HRB 4580
Manager:
Uponor Holding GmbH
Industriestr. 56
D 97437 Haßfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 01.03.2011
Reg. data: 96047 Bamberg, HRB 6979
Further functions/participations of Jan Peter
Tewes (Manager)
Manager:
Uponor Beteiligungs GmbH
Industriestr. 56
D 97437 Haßfurt
Legal form: Private
limited company
Share capital: EUR
20,000,000.00
Registered
on: 05.03.2002
Reg. data: 96047 Bamberg, HRB 4580
Manager:
Uponor Holding GmbH
Industriestr. 56
D 97437 Haßfurt
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 01.03.2011
Reg. data: 96047 Bamberg, HRB 6979
11.04.1990 - 02.01.2001 UNICOR
Rohrsysteme GmbH
Industriestr. 56
D 97437 Haßfurt
Private limited company
03.01.2001 - 02.02.2006 UPONOR
Rohrsysteme GmbH
Industriestr. 56
D 97437 Haßfurt
Private limited company
21.10.2008 - 13.07.2015 Manager
Heiko Folgmann
D 96049 Bamberg
03.05.2004 - 16.12.2013 Manager
Dieter Möllers
D 48493 Wettringen
Main industrial sector
2221
Manufacture of plastic plates, sheets, tubes and profiles
Branch:
UPONOR GmbH
Am Köhlersgehäu 17
D 98544 Zella-Mehlis
TEL.: 03682/897554
FAX.: 03682/897510
Branch:
UPONOR GmbH
Professor-Katerkamp-Str.
5
D 48607 Ochtrup
Branch:
UPONOR GmbH
Tangstedter Landstr. 111
D 22415 Hamburg
TEL.: 040/309860
FAX.: 040/30986433
Limited partner:
PUNITEC
Oberflächentechnik GmbH & Co. KG
Lindestr. 6
D 97469 Gochsheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 625,000.00
contribution:
Share: EUR 225,000.00
Reg. data: 26.02.1999
Local court
97421 Schweinfurt
HRA 1098
Shareholder:
PUNITEC Verwaltungs-GmbH
Lindestr. 6
D 97469 Gochsheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 9,203.25
Reg. data: 02.02.1999
Local court
97421 Schweinfurt
HRB 3408
Payment experience: 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.
56
D
97437 Haßfurt
Type of ownership: proprietor
Share: 100.00 %
Address Ohmstr.
5 Logistikzentrum
D 97437 Haßfurt
Value at selling price: EUR 2,659,000.00
Type of ownership: proprietor
Share: 100.00 %
Address Daimlerstr.
6
D 97437 Haßfurt
Type of real estate: works
Value at selling price: EUR 3,068,000.00
Land register documents were not available.
Principal bank
SPARKASSE OSTUNTERFRANKEN, 97432 HAßFURT
Sort. code: 79351730, Account no.: 10678
BIC: BYLADEM1HAS, IBAN: DE65793517300000010678
Further bank
DEUTSCHE BANK, 97004 WÜRZBURG
Sort. code: 79070016
BIC: DEUTDEMM790
Financial year: 01.01. - 31.12.
Share capital: EUR 600,000.00
The number of employees is not known.
Control and profit transfer agreement to:
Uponor Beteiligungs GmbH
Industriestr. 56
D 97437 Haßfurt
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.16 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.70.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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|
Report Prepared
by : |
DPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
|
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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 |
-- |
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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.