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Report No. : |
345704 |
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Report Date : |
19.10.2015 |
IDENTIFICATION DETAILS
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Name : |
SE DRIVE TECHNIK GMBH |
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Registered Office : |
Wasserstr. 223, D 44799 Bochum |
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Country : |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
16.07.2005 |
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Com. Reg. No.: |
HRB 11018 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Activities of holding companies · Activities of head offices [We tried to confirm the detailed activity but the same is not
available from any sources] |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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.
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Source
: CIA |
SE DRIVE TECHNIK GMBH
Company Status: active
Wasserstr. 223
D 44799 Bochum
Telephone:0234/978349-0
Telefax: 0234/978349-10
Homepage:
www.sedrivetechnik.de
E-mail: info@sedrivetechnik.de
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 16.07.2005
Shareholders'
agreement: 16.07.2005
Registered on: 24.11.2006
Commercial Register: Local
court 44787 Bochum
under: HRB 11018
Share capital: EUR 25,000.00
Shareholder:
Suzlon
Energy Limited
One
Earth Opp. Magarpatta City
IND
411028 Hadapsar Pune
Legal
form: Other legal form
Share: EUR 25,000.00
Manager:
Tulsi
Ranchhod Tanti
Orion
Satelite Towers Flat No.
501
Sector 81 Koregaon Park
IND
PUNE 411001 Maharashtra
having
sole power of representation
born:
02.02.1958
Profession: Businessman
Manager:
Bakul
Rathod
IND Pune
having
sole power of representation
born:
22.10.1959
Nationality: Indian
Further
functions/participations of Tulsi Ranchhod Tanti
(Manager)
Manager:
Suzlon
Energy Limited
Kühnehöfe 3a
D
22761 Hamburg
Legal
form: Branch of a private limited
company under foreign law
Share
capital: INR 4,320,000,000.00
Registered
on: 09.12.2013
Reg.
data: 20355 Hamburg, HRB 129907
Further
functions/participations of Bakul Rathod (Manager)
Manager:
Suzlon
Windenergie GmbH
Wasserstr. 223
D
44799 Bochum
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 23.05.2007
Reg.
data: 44787 Bochum, HRB 11235
Proxy:
Suzlon Energy Limited
Kühnehöfe 3a
D
22761 Hamburg
Legal
form: Branch of a private limited
company under foreign law
Share
capital: INR 4,320,000,000.00
Registered
on: 09.12.2013
Reg.
data: 20355 Hamburg, HRB 129907
13.12.2005 -
24.11.2006 SE Drive Technik GmbH
Wittekindstr. 1a
D
45131 Essen
Private limited company
07.02.2007 -
05.08.2014 Manager
Ranjit A. Parmar
IND Puna
Sectors
6420 Activities of holding companies
7010 Activities of head
offices
Shareholder:
Suzlon
Energy GmbH
Kurt-Dunkelmann-Str. 5
D 18057 Rostock
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 20.10.2003
Local court 18057 Rostock
HRB 9571
Shareholder:
Suzlon
Windkraft GmbH
Oranienplatz 4
D 10999 Berlin
Legal
form: Private limited company
Company Status: dissolved
since: 17.04.2009
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 21.11.2005
Local court 14057 Berlin
HRB 99278 B
Shareholder:
Suzlon
Windenergie GmbH
Wasserstr. 223
D
44799 Bochum
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 18,750.00
Reg.
data: 23.05.2007
Local court 44787 Bochum
HRB 11235
Payment experience: within
agreed terms
Negative information:We have no negative information at hand.
Balance sheet year:
2013/2014
The depth of balance sheet
suggests that the company, as a
so-called micro-entity in
accordance with art. 267a German
Commercial Code, has
availed itself of the facilitations of the
German Micro-Entities
Amending Account Law (MicBilG) This is why
it is possible that the
resultant reduction of the depth of
presentation in the annual
accounts may entail deviating
calculation methods of the
respective balance sheet ratios and
thus to an altered Solvency
Rating [NG] and/or balance sheet
grade.
Type of ownership: Tenant
Address Wasserstr. 223
D
44799 Bochum
Land register documents
were not available.
SPARKASSE BOCHUM, 44724
BOCHUM
Sort. code: 43050001
BIC: WELADED1BOC
Liabilities: EUR 1,090,993,706.00
The number of employees is
not known.
Balance sheet ratios
01.04.2013 - 31.03.2014(1)
Equity ratio [%]: 76.97
Liquidity ratio: 0.01
Return on total capital
[%]: -53.22
Balance sheet ratios
01.04.2012 - 31.03.2013(1)
Equity ratio [%]: 87.86
Liquidity ratio: 0.04
Balance sheet ratios
01.04.2011 - 31.03.2012
Equity ratio [%]: 76.09
Liquidity ratio: 0.02
Return on total capital
[%]: -5.73
Balance sheet ratios
01.04.2010 - 31.03.2011
Equity ratio [%]: 77.34
Liquidity ratio: 0.01
Return on total capital
[%]: -2.60
(1) The depth of balance
sheet suggests that the company, as a
so-called micro-entity in
accordance with art. 267a German
Commercial Code, has
availed itself of the facilitations of the
German Micro-Entities
Amending Account Law (MicBilG) This is why
it is possible that the
resultant reduction of the depth of
presentation in the annual
accounts may entail deviating
calculation methods of the
respective balance sheet ratios and
thus to an altered Solvency
Rating [NG] and/or balance sheet
grade.
EQUITY RATIO
The equity ratio indicates
the portion of the equity as compared
to the total capital. The
higher the equity ratio, the better the
economic stability
(solvency) and thus the financial autonomy of
a company.
LIQUIDITY RATIO
The liquidity ratio shows
the proportion between adjusted
receivables and net
liabilities. The higher the ratio, the lower
the company's financial
dependancy from external creditors.
RETURN ON TOTAL CAPITAL
The return on total capital
shows the efficiency and return on
the total capital employed
in the company. The higher the return
on total capital, the more
economically does the company work
with the invested capital.
Type
of balance sheet: micro
balance sheet
Origin of the present
balance sheet: Other
Financial year: 01.04.2013 - 31.03.2014 (2)
ASSETS
EUR 1,091,108,941.05
Fixed assets
EUR 908,677,867.46
Current assets
EUR 1,724,178.11
Remaining other assets
EUR 180,706,895.48
Accruals (assets) EUR 974.49
Deficit not covered by shareholders'
equity
EUR 180,705,920.99
LIABILITIES EUR 1,091,108,941.05
Provisions EUR 115,235.30
Liabilities
EUR 1,090,993,705.75
thereof total due to shareholders
EUR 881,453,861.25
Type
of balance
sheet: micro balance sheet
Origin of the present
balance sheet: Other
Financial year: 01.04.2012 - 31.03.2013 (2)
ASSETS EUR 1,340,438,541.26
Fixed assets
EUR 1,333,680,488.46
Current assets EUR 6,744,998.68
Remaining other assets
EUR 13,054.12
Accruals (assets)
EUR 13,054.12
LIABILITIES EUR 1,340,438,541.26
Shareholders' equity
EUR 303,829,233.61
Provisions
EUR 108,860.30
Liabilities
EUR 1,036,500,447.35
thereof total due to shareholders
EUR 873,883,220.00
(2)
The abbreviated depth of presentation of the annual accounts
may
be atributed to application of regulations within the German
Micro-Entities Amending Accounting Law.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.97 |
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|
1 |
Rs.100.55 |
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Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.