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Report No. : |
340972 |
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Report Date : |
15.09.2015 |
IDENTIFICATION DETAILS
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Name : |
THIES GMBH & CO. KG |
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|
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Registered Office : |
Borkener Str. 155, Am Weißen Kreuz, D
48653 Coesfeld, Germany |
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Country : |
Germany |
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Date of Incorporation : |
01.01.1892 |
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Com. Reg. No.: |
HRA 1069 |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
Manufacture of Machinery for Textile, Apparel
and Leather Production. |
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No. of Employees : |
Not Available |
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 |
|
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 |
THIES
GMBH & CO. KG
Company
Status: active
Borkener Str. 155
Am Weißen Kreuz
D 48653 Coesfeld
Telephone:02541/7330
Telefax: 02541/733299
Homepage: www.thiestextilmaschinen.de
E-mail: info@thiestextilmaschinen.de
Trade name: Textilmaschinen
Thies
VAT
no.: DE124464179
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 01.01.1892
Registered on: 01.10.1922
Register of
companies: Local
court 48653 Coesfeld
under: HRA
1069
EUR 2,600,000.00
Limited partner:
Erich Thies
D 48653 Coesfeld
born: 08.08.1953
Share: EUR 1,300,000.00
Limited partner:
Klaus Thies
Bergstr. 12
D 48653 Coesfeld
born: 02.03.1958 in
Coesfeld
Share: EUR 1,300,000.00
General partner:
Thies Verwaltungs-GmbH
Borkener Str. 155
D 48653 Coesfeld
Legal form: Private limited company
Share capital: EUR
12,800,000.00
Registered on: 07.08.1957
Reg. data: 48653
Coesfeld, HRB 1010
Shareholder:
Thies GmbH & Co. KG
Borkener Str. 155
Am Weißen Kreuz
D 48653 Coesfeld
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 2,600,000.00
contribution:
Share: EUR 12,800,000.00
Registered on: 01.10.1922
Reg. data: 48653
Coesfeld, HRA 1069
Manager:
Jürgen Brockmann
Forellenweg 24
D 48653 Coesfeld
authorized to jointly
represent the company
born: 11.03.1953
Profession: Businessman
Marital status: married
Manager:
Christiane Thies
D 48653 Coesfeld
having sole power of
representation
born: 12.09.1988
Manager:
Verena Thies
D 48653 Coesfeld
having sole power of
representation
born: 16.06.1985
Manager:
Alexander Thies
D 48653 Coesfeld
having sole power of
representation
born: 13.11.1986
Proxy:
Bernhard Pöpping
D 48653 Coesfeld
authorized to jointly
represent the company
born: 16.06.1952
Profession: Businessman
Proxy:
Peter van der Most
D 46325 Borken
authorized to jointly
represent the company
born: 01.03.1968
Main industrial sector
2894
Manufacture of machinery for textile, apparel and leather production
Shareholder:
Thies Verwaltungs-GmbH
Borkener Str. 155
D 48653 Coesfeld
Legal form: Private
limited company
Company Status: active
Share capital: EUR
12,800,000.00
Share: EUR 12,800,000.00
Reg. data: 07.08.1957
Local court
48653 Coesfeld
HRB 1010
Payment experience: within agreed terms
Negative
information:We have no negative information at hand.
Type of ownership: Proprietor
Share: 100.00 %
Address Borkener
Str. 155 Am Weißen Kreuz
D 48653 Coesfeld
Type of real estate: Factory building
Size: 78,500.00 sq.m
Value at selling price: EUR 6,400,000.00
Type of ownership: Proprietor
Share: 100.00 %
Address Lindenallee
5
D
48653 Coesfeld
Type of real estate: Commercial building
Real Estate of: Thies
Verwaltungs-GmbH
Type of ownership: Tenant
Address Borkener
Str. 155
D 48653 Coesfeld
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 48136 MÜNSTER, WESTF
Sort. code: 40070080
BIC: DEUTDE3B400
Further banks
COMMERZBANK, 48632 COESFELD
Sort. code: 40040028
BIC: COBADEFFXXX
COMMERZBANK VORMALS DRESDNER BANK, 48135 MÜNSTER,
WESTF
Sort. code: 40080040
BIC: DRESDEFF400
UNICREDIT BANK - HYPOVEREINSBANK, 33505
BIELEFELD
Sort. code: 48020086
BIC: HYVEDEMM344
Financial year: 01.01.
- 31.12.
Real estate of the firm: EUR 6,400,000.00
The number of employees is not
known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.37 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.75.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
|
|
Report Prepared
by : |
ANK |
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.