|
Report No. : |
339889 |
|
Report Date : |
10.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
FESTOOL
GMBH |
|
|
|
|
Registered Office : |
Wertstr. 20 D 73240 Wendlingen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
2006 |
|
|
|
|
Com. Reg. No.: |
HRB 749726 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
|
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 |
FESTOOL
GMBH
Company Status: active
Wertstr. 20
D 73240 Wendlingen
Telephone:07024/804-29690
Telefax:
07024/804-29699
Homepage: www.festool.co
E-mail: info@festool.com
VAT no.: DE250064631
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 2006
Shareholders'
agreement: 23.07.2014
Registered on: 07.08.2014
Commercial Register: Local court 70190 Stuttgart
under: HRB
749726
Share capital: EUR 250,000.00
Shareholder:
TTS Tooltechnic Systems
Beteiligungen GmbH
Wertstr. 20
D 73240 Wendlingen
Legal form: Private
limited company
Share capital: EUR 7,002,000.00
Share: EUR 250,000.00
Registered on: 15.07.2002
Reg. data: 70190
Stuttgart, HRB 225440
Manager:
Dr. Christian Rolfs
Georg-Kandenwein-Str. 2
D 73235 Weilheim
authorized to jointly
represent the company
born: 22.02.1961
Manager:
Dr.-Ing. Thorsten
Hartmann
Lehengärten 25
D 73235 Weilheim
authorized to jointly represent
the company
born: 17.10.1962
Profession: Engineer
Marital status: unknown
Manager:
Christian Oltzscher
D 73110 Hattenhofen
authorized to jointly represent the
company
born: 01.10.1968
Nationality: USA
Member of
the Supervisory Board:
Gerhard Kümmel
Kelterstr. 83
D 73733 Esslingen
born: 17.03.1948
Profession: Fully
qualified merchant
Member of
the Supervisory Board:
Barbara Austel
D 73728 Esslingen
born: 06.10.1975
née: Maier
Marital status: married
Proxy:
Frank Gneiting
D 73230 Kirchheim
authorized to jointly
represent the company
born: 24.04.1969
Proxy:
Peter Pongratz
D 73728 Esslingen
authorized to jointly
represent the company
born: 14.04.1962
Proxy:
Herwig Mehrwald
Johanna-Hofer-Weg 20
D 81739 München
authorized to jointly
represent the company
born: 05.02.1971
Marital status: unknown
Proxy:
Markus Pokorra
D 73630 Remshalden
authorized to jointly
represent the company
born: 10.04.1974
Proxy:
Stefan Weber
Schloßhof 4
D 72810
Gomaringen
authorized to jointly
represent the company
born: 03.04.1966
Proxy:
Jens Thieme
D 73061 Ebersbach
authorized to jointly
represent the company
born: 03.04.1968
Proxy:
Thomas Stark
D 71032 Böblingen
authorized to jointly
represent the company
born: 26.01.1970
Proxy:
Bernd Bindig
D 73230 Kirchheim
authorized to jointly
represent the company
born: 28.11.1962
Proxy:
Andreas Lüssem
D 73230 Kirchheim
authorized to jointly
represent the company
born: 09.07.1961
Proxy:
Albert Zabukovec
D 73249 Wernau
authorized to jointly
represent the company
born: 12.10.1957
Proxy:
Dr. Johannes Steimel
D 78462 Konstanz
authorized to jointly
represent the company
born: 30.07.1949
Proxy:
Stefan Hannusch
D 85591 Vaterstetten
authorized to jointly
represent the company
born: 29.08.1974
Proxy:
Janek Jaspaert
B Oud-Heverlee
authorized to jointly
represent the company
born: 17.04.1972
Nationality: Belgian
Proxy:
Jochen Kleh
D 76887 Bad Bergzabern
authorized to jointly
represent the company
born: 10.03.1969
Proxy:
Dr. Frederica Gussoni
D 70173 Stuttgart
authorized to jointly
represent the company
born: 22.12.1959
Proxy:
Gerhard Grebing
D 72622 Nürtingen
authorized to jointly
represent the company
born: 14.02.1974
Further
functions/participations of Dr. Christian Rolfs (Manager)
Shareholder:
Dr. Rolfs Beteiligungs
GmbH
Gottlieb-Daimler-Str. 6
D 89150 Laichingen
Legal form: Private limited
company in
liquidation
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 09.11.2004
Reg. data: 89073 Ulm, HRB 5043
Manager:
Festool Deutschland GmbH
Wertstr. 20
D 73240 Wendlingen
Legal form: Private
limited company
Share capital: EUR 500,000.00
Registered
on: 27.07.2015
Reg. data: 70190 Stuttgart, HRB 753456
Manager:
TTS Tooltechnic Systems
Beteiligungen GmbH
Wertstr. 20
D 73240 Wendlingen
Legal form: Private
limited company
Share capital: EUR 7,002,000.00
Registered
on: 15.07.2002
Reg. data: 70190 Stuttgart, HRB 225440
Manager:
Schneider Druckluft GmbH
Ferdinand-Lassalle-Str.
43
D 72770 Reutlingen
Legal form: Private
limited company
Share capital: EUR 1,300,000.00
Registered
on: 21.05.1975
Reg. data: 70190 Stuttgart, HRB 350643
Manager:
Tool-Center
Beteiligungsgesellschaft mbH
Wertstr. 20
D 73240 Wendlingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 24.07.2006
Reg. data: 70190 Stuttgart, HRB 720943
Member of
the Board of Directors:
TTS Tooltechnic Systems
Holding AG
Wertstr. 20
D 73240 Wendlingen
Post Box:
808
Legal form: Public
limited company
Share capital: EUR 50,000.00
Registered
on: 30.01.2001
Reg. data: 70190 Stuttgart, HRB 225109
Member of
the Supervisory Board:
PNE WIND AG
Peter-Henlein-Str. 2-4
D 27472 Cuxhaven
Legal form: Public
limited company
Share capital: EUR
76,553,439.00
Registered
on: 13.10.1998
Reg. data: 21255 Tostedt, HRB 110360
Proxy:
Wohnungsbaugesellschaft
Helmut Willich GmbH
& Co. KG
Kohlhökerstr. 21
D 28203 Bremen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 572,100.00
contribution:
Registered
on: 28.11.1950
Reg. data: 28195 Bremen, HRA 14904 HB
Liquidator:
Dr. Rolfs Beteiligungs
GmbH
Gottlieb-Daimler-Str. 6
D 89150 Laichingen
Legal form: Private
limited company in
liquidation
Share capital: EUR 25,000.00
Registered
on: 09.11.2004
Reg. data: 89073 Ulm, HRB 5043
Further
functions/participations of Dr.-Ing. Thorsten Hartmann
(Manager)
Manager:
TTS Tooltechnic Systems
Beteiligungen GmbH
Wertstr. 20
D 73240 Wendlingen
Legal form: Private
limited company
Share capital: EUR 7,002,000.00
Registered
on: 15.07.2002
Reg. data: 70190 Stuttgart, HRB 225440
Manager:
TTS MICROCELL GmbH
Osterheide 7
D 49124 Georgsmarienhütte
Legal form: Private
limited company
Share capital: EUR 250,000.00
Registered
on: 13.04.2004
Reg. data: 49074 Osnabrück, HRB 21318
Member of
the Board of Directors:
TTS Tooltechnic Systems Holding
AG
Wertstr. 20
D 73240 Wendlingen
Post Box:
808
Legal form: Public
limited company
Share capital: EUR 50,000.00
Registered
on: 30.01.2001
Reg. data: 70190 Stuttgart, HRB 225109
Proxy:
WVT GmbH
Schechinger Str. 28
D 73569 Eschach
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 23.07.2004
Reg. data: 89073 Ulm, HRB 702147
Further
functions/participations of Christian Oltzscher (Manager)
Manager:
TTS Tooltechnic Systems
Beteiligungen GmbH
Wertstr. 20
D 73240 Wendlingen
Legal form: Private limited company
Share capital: EUR 7,002,000.00
Registered
on: 15.07.2002
Reg. data: 70190 Stuttgart, HRB 225440
Manager:
Festool Engineering GmbH
Weilheimer Str. 36
D 73272 Neidlingen
Legal form: Private
limited company
Share capital: EUR 150,000.00
Registered
on: 26.11.2001
Reg. data: 70190 Stuttgart, HRB 231772
Member of
the Board of Directors:
TTS Tooltechnic Systems
Holding AG
Wertstr. 20
D 73240 Wendlingen
Post Box:
808
Legal form: Public
limited company
Share capital: EUR 50,000.00
Registered
on: 30.01.2001
Reg. data: 70190 Stuttgart, HRB 225109
05.05.2006 - 05.05.2006 Halde Einhundertsiebzigste
Verwaltungsgesellschaft mbH
Sommerhalde 33
D 89081 Ulm
Private limited
company
06.05.2006 - 09.01.2012 Protool GmbH
Wertstr. 20
D 73240 Wendlingen
Private limited company
09.01.2012 - 10.08.2012 Protool GmbH & Co. KG
Wertstr. 20
D 73240 Wendlingen
Ltd partnership with
priv. ltd. company
as general partner
10.08.2012 - 07.08.2014 Festool Group GmbH & Co. KG
Wertstr. 20
D 73240 Wendlingen
Ltd partnership with
priv. ltd. company
as general partner
Main
industrial sector
2841
Manufacture of metal forming machinery
Secondary
industrial sector
4649
Wholesale of other household goods
46741
Wholesale of tools and hardware
Shareholder:
Festool Group Verwaltungs
GmbH
Wertstr. 20
D 73240 Wendlingen
Legal form: Private
limited company
Company Status: dissolved
since: 25.08.2014
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 23.12.2011
Local court
70190 Stuttgart
HRB 739746
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 Wertstr.
20
D 73240 Wendlingen
Land register documents were not available.
DEUTSCHE BANK, 73701 ESSLINGEN AM NECKAR
Sort. code: 61170076
BIC: DEUTDESS611
Financial year: 01.01. - 31.12.
Share capital: EUR
250,000.00
The
number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.29 |
|
|
1 |
Rs.101.89 |
|
Euro |
1 |
Rs.73.98 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared by
: |
SDA |
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.