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Report No. : |
351718 |
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Report Date : |
26.11.2015 |
IDENTIFICATION DETAILS
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Name : |
SILVER-PLASTICS GMBH &
CO.KOMMANDITGESELLSCHAFT |
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Registered Office : |
Godesberger Str. 9, D 53842 Troisdorf |
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Country : |
Germany |
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Date of Incorporation : |
07.07.1967 |
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Com. Reg. No.: |
HRA 1604 |
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Legal Form : |
Ltd Partnership with priv. Ltd. Company as
General Partner |
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Line of Business : |
Manufacture of Packings and
Closures of Iron, Steel and Non-Ferrous
Metals. |
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No. of Employees : |
200 |
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 |
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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 |
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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 |
SILVER-PLASTICS
GMBH & CO.KOMMANDITGESELLSCHAFT
Company Status: active
Godesberger Str. 9
D 53842 Troisdorf
Telephone:02241/88080
Telefax: 02241/880880
Homepage: www.silverplastics.de
E-mail: info@silverplastics.de
DE123102700
220/5760/0018
Business relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date of foundation: 07.07.1967
Registered
on: 13.10.1967
Register of
companies: Local
court 53721 Siegburg
under: HRA
1604
EUR
11,970,000.00
Limited partner:
Johannes Reifenhäuser
Holding GmbH & Co. KG
Spicher Str. 46
D 53844 Troisdorf
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 5,113,200.00
contribution:
Share: EUR 6,120,163.82
Registered on: 04.06.1985
Reg. data: 53721
Siegburg, HRA 2561
General partner:
Silver-Plastics
Gesellschaft mit
beschränkter Haftung
Godesberger Str. 9
D 53842 Troisdorf
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered on: 28.09.1967
Reg. data: 53721
Siegburg, HRB 209
Shareholder:
Johannes Reifenhäuser
Holding GmbH & Co. KG
Spicher Str. 46
D 53844 Troisdorf
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 5,113,200.00
contribution:
Share: EUR 25,564.59
Registered on: 04.06.1985
Reg. data: 53721
Siegburg, HRA 2561
Manager:
Ulrich Kremer
In den Gärten 16
D 53844 Troisdorf
having sole power of
representation
born: 03.01.1957
Profession: Businessman
Marital status: unknown
Proxy:
Hans-Ulrich Reifenhäuser
Am Driesch 19
D 53844 Troisdorf
authorized to jointly
represent the company
born: 11.06.1956
Profession:
Businessman
Proxy:
Franz-Josef Klein
D 53111 Bonn
authorized to jointly
represent the company
born: 03.03.1964
Proxy:
Rene Derks
NL Belfeld
authorized to jointly
represent the company
born: 23.01.1969
Nationality: Dutch
13.10.1967 - 31.12.2005 Silver-Plastics GmbH & Co.
Kommanditgesellschaft
Mendener Str. 21
D 53840 Troisdorf
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
2592
Manufacture of packings and closures of iron, steel and non-ferrous
metals
Branch:
Silver-Plastics GmbH
& Co.
Kommanditgesellschaft
PL Posen
Branch:
Silver-Plastics GmbH
& Co.
Kommanditgesellschaft
F Moyaux
Shareholder:
Troisdorfer Logistik GmbH
Godesberger Str. 11
D 53842 Troisdorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 01.10.2003
Local court
53721 Siegburg
HRB 8448
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Godesberger
Str. 9
D 53842 Troisdorf
Real Estate of: Silver-Plastics
Gesellschaft mit
beschränkter Haftung
Type of ownership: Tenant
Address Godesberger Str. 9
D 53842 Troisdorf
Land register documents were not available.
Principal bank
COMMERZBANK, 53003 BONN
Sort. code: 38040007
BIC: COBADEFFXXX
Further banks
COMMERZBANK, 53702 SIEGBURG
Sort. code: 38040007
BIC: COBADEFFXXX
DEUTSCHE BANK, 53840 TROISDORF
Sort. code: 37070060
BIC: DEUTDEDKXXX
COMMERZBANK VORMALS DRESDNER BANK, 50450 KÖLN
Sort. code: 37080040
BIC: DRESDEFF370
Financial year: 01.07. - 30.06.
Turnover: 2013/2014 EUR 43,000,000.00
Employees:
200
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.38 |
|
|
1 |
Rs.100.45 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
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|
|
|
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 |
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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.