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MIRA INFORM REPORT
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Report No. : |
502592 |
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Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
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Name : |
FUMATECH BWT GMBH |
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Registered Office : |
Carl-Benz-Str. 4, D 74321 Bietigheim-Bissingen |
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Country : |
Germany |
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Date of Incorporation : |
21.01.1994 |
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Com. Reg. No.: |
HRB 747563 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Engineering activities in the field of technical overall planning · Manufacture of other machine tools n.e.c. · Other research and experimental development on natural sciences and engineering |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 a large increase in 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 economic 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. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, 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. Domestic consumption, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.
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Source
: CIA |
Company
name and address
FUMATECH BWT GMBH
Company Status: Active
Carl-Benz-Str. 4
D 74321 Bietigheim-Bissingen
Telephone:07142/3737-910
Telefax: 07142/3737-999
Homepage: www.fumatech.com
E-mail: office@fumatech.de
VAT no.: DE164257829
Tax ID number: 075/108/02408
Company
Summary
LEGAL FORM Private limited company
Date of foundation: 21.01.1994
Shareholders'
agreement: 21.01.1994
Registered on: 20.01.2014
Commercial Register: Local court 70190 Stuttgart
under: HRB 747563
Share
capital
EUR 1,000,000.00
Shareholder:
BWT Wassertechnik GmbH
Industriestr. 7
D 69198 Schriesheim
Legal form: Private limited company
Share capital: EUR 2,560,000.00
Share: EUR 945,000.00
Registered on: 01.12.1967
Reg. data: 68159 Mannheim, HRB 430676
Profit transfer agreement
Shareholder:
Franz Wiesbauer, Dieter Wiesbauer, Bernd
Wiesbauer
Kirchheimer Str. 4
D 74321 Bietigheim-Bissingen
Legal form: Partnership under the Civil Code
Share: EUR 55,000.00
Manager:
Dr. Ing. Bernd Bauer
D 71665 Vaihingen
having sole power of representation
born: 13.09.1958
Profession: Fully qualified engineer
Marital status: married
Proxy:
Rolf Reikowski
D 46284 Dorsten
having sole power of representation
born: 31.10.1954
Profession: Businessman
Proxy:
Ralf Karl Rose
Essigweg 3
D 70565 Stuttgart
having sole power of representation
born: 02.10.1974
COMPANY
HISTORY
Company name and legal form
20.01.2014 - 17.02.2016 FuMA-Tech Gesellschaft für funktionelle
Membranen und Anlagentechnologie mbH
Carl-Benz-Str. 4
D 74321 Bietigheim-Bissingen
Private limited company
18.01.1999 - 20.01.2014 FuMA-Tech Gesellschaft für funktionelle
Membranen und Anlagentechnologie mbH
Am Grubenstollen 11
D 66386 St. Ingbert
Private limited company
21.01.1994 - 18.01.1999 FuMA-Tech Gesellschaft für funktionelle
Membranen und Anlagentechnologie mbH
Industriestr. 1
D 66763 Dillingen
Private limited company
BUSINESS
ACTIVITIES
Main industrial sector
71121 Engineering activities in the field of technical overall planning
Secondary industrial sector
28499 Manufacture of other machine tools n.e.c.
72190 Other research and experimental development on natural sciences and engineering
BRANCHES
AND FACTORIES
Branch:
FUMATECH BWT GmbH
Steinbeisstr. 41-43
D 71665 Vaihingen
TEL.: 07042/97024-0
FINANCIAL
INFORMATION
Payment experience: cash discount/within agreed terms
Negative information: We have no negative information at hand.
REAL
ESTATE
Type of ownership: Tenant
Address Carl-Benz-Str. 4
D 74321 Bietigheim-Bissingen
Land register documents were not available.
BANKERS
DEUTSCHE BANK, 74302 BIETIGHEIM-BISSINGEN
Sort. code: 60470082, Account no.: 1101500
BIC: DEUTDESS604, IBAN: DE82604700820110150000
FINANCIAL
FIGURES
Financial year: 01.01. - 31.12.
Share capital: EUR 1,000,000.00
The number of employees is not known.
Profit transfer agreement to:
BWT Wassertechnik GmbH
Industriestr. 7
D 69198 Schriesheim
There may have been some changes since our last research took place. Therefore, a freshly researched report will follow shortly.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.99 |
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1 |
INR 90.96 |
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Euro |
1 |
INR 79.51 |
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EUR |
1 |
INR 79.77 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRA |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.