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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

491710

Report Date :

10.02.2018

 

 

IDENTIFICATION DETAILS

 

Name :

LINDE AKTIENGESELLSCHAFT

 

 

Registered Office :

Klosterhofstr. 1, D 80331 München

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

21.07.1879

 

 

Com. Reg. No.:

HRB 169850

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

·         Manufacture of refined petroleum products

·         Manufacture of other chemical products n.e.c.

·         Manufacture of metal structures and parts of structures

·         Manufacture of other general-purpose machinery

 

 

No. of Employees :

6,318

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

Germany

A1

A1

 

Risk Category

ECGC

Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

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 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 2016 Germany reached a budget surplus of 0.6%. 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, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2017.

 

Source : CIA

 


note

 

 The subject of the inquiry is a branch. They are reporting on the headquarters.

 

 

Company name and address

 

LINDE AKTIENGESELLSCHAFT

 

Company Status:          Active

                                    Klosterhofstr. 1

                                    D 80331 München

Telephone:                    089/35757-01

Telefax:                        089/35757-1075

Homepage:                   www.linde.com

E-mail:                          info@linde.com

VAT no.:                       DE113822613

Tax ID number:              143/103/91000

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Company summary

 

 Legal Form                  Public Limited Company

 Date of foundation:      21.07.1879

 Registered on:             12.09.2007

 Commercial Register:   Local court 80333 München

 under:                          HRB 169850

 

 

Share capital                  

 

EUR                             475,476,940.80

 

The company is listed on the stock market.

 

 Shareholder:

                      UBS Group AG

                      Bahnhofstrasse 45

                      CH 8001 Zürich

                      Legal form: Other legal form

                      Share:                               2.650 %

 Shareholder:

                      The Capital Group Companies Inc.

                      333 South Hope Street

                      USA 90071 Los Angeles

                      Legal form: Other legal form

                      Share:                               2.990 %

 Shareholder:

                      Norges Bank

                      N  Oslo

                      Legal form: Other legal form

                      Share:                               5.140 %

 Shareholder:

                      BlackRock, Inc.

                      40 East 52nd Street

                      USA 10022 New York

                      Legal form: Other legal form

                      Share:                               5.320 %

 Shareholder:

                      Credit Suisse AG

                      Paradeplatz 8

                      CH 8070 Zürich

                      Legal form: Other legal form

                      Share:                               2.770 %

 Shareholder:

                      Artisan Partners Limited Partnership

                      USA 53202 Milwaukee

                      Legal form: Other legal form

                      Share:                               2.990 %

 Shareholder:

                      Dodge & Cox

                      555 California Street 40th Fl.

                      USA 94104 San Francisco

                      Legal form: Other legal form

                      Share:                               3.010 %

 President of the Board of Directors:

                      Prof. Dr. -Ing. Aldo Belloni

                      D 82547 Eurasburg

                      having sole power of representation

                      born: 23.01.1950

                      Profession: Engineer

 Member of the Board of Directors:

                      Bernd Eulitz

                      D 80331 München

                      authorized to jointly represent the company

                      born: 22.10.1965 in Mannheim

                      Profession: graduate engineer

 Member of the Board of Directors:

                      Dr. Christian Bruch

                      D 82515 Wolfratshausen

                      authorized to jointly represent the company

                      born: 07.04.1970 in Düsseldorf

                      Profession: graduate engineer

 Member of the Board of Directors:

                      Dr. Sven Schneider

                      D 82131 Gauting

                      authorized to jointly represent the company

                      born: 21.03.1966

 Member of the Board of Directors:

                      Sanjiv Lamba

                      SGP  Singapur

                      authorized to jointly represent the company

                      born: 12.09.1964 in Kalkutta/Indien

                      Profession: Auditor

                      Nationality: Indian

 President of the Supervisory Board:

                      Prof.Dr.Ing. Wolfgang Reitzle

                      D 81679 München

                      born: 07.03.1949 in Neu-Ulm

                      Profession: graduate engineer

 Vice-president of the Supervisory Board:

                      Hans-Dieter Katte

                      D 80331 München

                      born: in München

 Member of the Supervisory Board:

                      Franz Fehrenbach

                      D 70839 Gerlingen

                      born: 01.07.1949 in Kenzingen

                      Profession: Fully qualified economic

                      engineer

 Shareholder representative within the Supervisory Board:

                      Prof. Dr. Dr. Ann-Kristin Achleitner

                      Arcisstr. 21

                      D 80333 München

                      born: 16.03.1966 in Düsseldorf

                      Marital status: married

 Shareholder representative within the Supervisory Board:

                      Prof. Dr. rer. pol. Clemens Börsig

                      D 60311 Frankfurt

                      born: 27.07.1948 in Achern/ Baden

                      Profession: Mathematician

 Shareholder representative within the Supervisory Board:

                      Dr. rer. nat. Victoria Ossadnik

                      D 80636 München

                      born: 15.07.1968 in Frankfurt am Main

                      Marital status: unknown

 Shareholder representative within the Supervisory Board:

                      Dr. Thomas Enders

                      D 83684 Tegernsee

                      born: 1958

                      Profession: qualified political scientist

 Representative of the Employees within the Supervisory Board:

                      Gernot Hahl

                      D 67547 Worms

                      born: in Worms

                      Profession: Engine fitter

 Representative of the Employees within the Supervisory Board:

                      Anke Couturier

                      D 61440 Oberursel

                      born: 03.11.1956 in Hanau am Main

                      Profession: Fully qualified mathematician

 Representative of the Employees within the Supervisory Board:

                      Dr. jur. Martin Kimmich

                      D 80807 München

 Representative of the Employees within the Supervisory Board:

                      Frank Sonntag

                      Georg-Palitzsch-Str. 15

                      D 01239 Dresden

                      born: in Dresden

 Representative of the Employees within the Supervisory Board:

                      Xaver Schmidt

                      D 31619 Binnen

                      born: in Gelsenkirchen

                      Profession: mining technician

 Proxy:

                      Claudia Esche

                      D 82049 Pullach

                      authorized to jointly represent the company

                      born: 24.10.1960

                      Profession: Businessman

 Proxy:

                      Johannes Geis

                      D 85737 Ismaning

                      authorized to jointly represent the company

                      born: 12.10.1962

 Proxy:

                      Werner Boekels

                      D 80331 München

                      authorized to jointly represent the company

                      born: 28.03.1957

                      Profession: Fully qualified management

                      expert

 Proxy:

                      Alexander Kaiser

                      Stiftsbogen 91

                      D 81375 München

                      authorized to jointly represent the company

                      born: 27.04.1966

 Proxy:

                      Christoph Clausen

                      D 82064 Straßlach-Dingharting

                      authorized to jointly represent the company

                      born: 13.02.1961

 Proxy:

                      Michael Ullrich

                      Flurstr. 10

                      D 82166 Gräfelfing

                      authorized to jointly represent the company

                      born: 03.10.1969

 Proxy:

                      Dr. Frank Kunde

                      Feldstr. 3

                      D 82515 Wolfratshausen

                      authorized to jointly represent the company

                      born: 28.07.1955

 Proxy:

                      Lutz Leopold

                      D 82237 Wörthsee

                      authorized to jointly represent the company

                      born: 18.06.1964

 Proxy:

                      Anke Couturier

                      D 61440 Oberursel

                      authorized to jointly represent the company

                      born: 03.11.1956 in Hanau am Main

                      Profession: Fully qualified mathematician

 Proxy:

                      Dr. Rainer Schlicher

                      D 83362 Surberg

                      authorized to jointly represent the company

                      born: 27.09.1954

 Proxy:

                      Björn Schneider

                      D 82049 Pullach

                      authorized to jointly represent the company

                      born: 21.06.1971

 Proxy:

                      Johann Pfitzmaier

                      D 86672 Thierhaupten

                      authorized to jointly represent the company

                      born: 09.06.1959

 Proxy:

                      Jürgen Nowicki

                      D 82335 Berg

                      authorized to jointly represent the company

                      born: 04.01.1964

 Proxy:

                      Marcus Lang

                      Drachenseestr. 20a

                      D 81373 München

                      authorized to jointly represent the company

                      born: 18.12.1967

 Proxy:

                      Matthias von Plotho

                      D 82024 Taufkirchen

                      authorized to jointly represent the company

                      born: 09.06.1969

 Proxy:

                      Dr. Harry Roegner

                      D 82031 Grünwald

                      authorized to jointly represent the company

                      born: 13.11.1955

 Proxy:

                      Olaf Reckenhofer

                      D 82049 Pullach

                      authorized to jointly represent the company

                      born: 25.10.1956

                      Nationality: Austrian

 Proxy:

                      Tilmann Weide

                      D 82515 Wolfratshausen

                      authorized to jointly represent the company

                      born: 16.05.1963

 Proxy:

                      Natascha Kaldun

                      D 42551 Velbert

                      authorized to jointly represent the company

                      born: 29.12.1973

                      Profession: Businessman

 Proxy:

                      Franz-Peter Fillbach

                      D 85521 Riemerling

                      authorized to jointly represent the company

                      born: 22.03.1964

                      Profession: Businessman

 Proxy:

                      Jörg-Michael Willke

                      D 85253 Erdweg

                      authorized to jointly represent the company

                      born: 22.08.1952

 Proxy:

                      Christoph Wöhler

                      D 82049 Pullach

                      authorized to jointly represent the company

                      born: 20.07.1967

 Proxy:

                      Dr. Thomas Grüner

                      D 82131 Gauting

                      authorized to jointly represent the company

                      born: 02.01.1961

 Proxy:

                      Tobias Keller

                      Kiem-Pauli-Str. 2a

                      D 83620 Feldkirchen-Westerham

                      authorized to jointly represent the company

                      born: 06.10.1974

 Proxy:

                      Dirk Diefenbach

                      D 65185 Wiesbaden

                      authorized to jointly represent the company

                      born: 11.07.1970

 Proxy:

                      Dr. Henning Asche

                      D 85579 Neubiberg

                      authorized to jointly represent the company

                      born: 20.05.1969

 Proxy:

                      Jens Lühring

                      D 80687 München

                      authorized to jointly represent the company

                      born: 15.05.1973

 Proxy:

                      Matthias Brinkschmidt

                      D 80687 München

                      authorized to jointly represent the company

                      born: 27.01.1966

 Proxy:

                      Michael Schäffer

                      Waldeckstr. 16

                      D 82031 Grünwald

                      authorized to jointly represent the company

                      born: 25.02.1967

 Proxy:

                      Nicolaas Ernst Rost

                      D 80331 München

                      authorized to jointly represent the company

                      born: 01.03.1966

                      Nationality: British

                      Marital status: unknown

 Proxy:

                      Stefan Liese

                      D 82110 Germering

                      authorized to jointly represent the company

                      born: 12.02.1959

 Proxy:

                      Stefan Hess

                      Mitterhoferstr. 8

                      D 80687 München

                      authorized to jointly represent the company

                      born: 26.09.1961

 Proxy:

                      Crispin Teufel

                      Romanstr. 30

                      D 80639 München

                      authorized to jointly represent the company

                      born: 02.03.1976

 Proxy:

                      Dr. Christoph Hammerl

                      Edelweißstr. 152

                      D 82024 Taufkirchen

                      authorized to jointly represent the company

                      born: 07.08.1962

 Proxy:

                      Daniel Geiger

                      D 80807 München

                      authorized to jointly represent the company

                      born: 11.08.1974

 Proxy:

                      Sandra Albrecht

                      D 80331 München

                      authorized to jointly represent the company

                      born: 02.01.1972

 Proxy:

                      Dr. Andreas Bröcker

                      D 82031 Grünwald

                      authorized to jointly represent the company

                      born: 19.10.1969

 Proxy:

                      Dr. Rolf Ing. Zeppenfeld

                      D 82515 Wolfratshausen

                      authorized to jointly represent the company

                      born: 25.12.1955

 Proxy:

                      Michael Grimbs

                      D 80807 München

                      authorized to jointly represent the company

                      born: 11.09.1967

 Proxy:

                      Dr. Andreas Opfermann

                      Alfonsstr. 9

                      D 80636 München

                      authorized to jointly represent the company

                      born: 01.06.1971

 Proxy:

                      Volker Häckh

                      Jägerweg 9

                      D 85658 Egmating

                      authorized to jointly represent the company

                      born: 24.02.1967

 Proxy:

                      Dr. Michael Henninger

                      D 80807 München

                      authorized to jointly represent the company

                      born: 04.07.1965

 Proxy:

                      Jens Waldeck

                      D 82057 Icking

                      authorized to jointly represent the company

                      born: 04.10.1963

 Proxy:

                      Reinhard Mertsch

                      D 82049 Pullach

                      authorized to jointly represent the company

                      born: 10.11.1952

 Proxy:

                      Dr. Sven Schneider

                      D 82131 Gauting

                      authorized to jointly represent the company

                      born: 21.03.1966

 Proxy:

                      Dr. Peter Wagner

                      D 82065 Baierbrunn

                      authorized to jointly represent the company

                      born: 10.03.1959

 Proxy:

                      Dr. Ferdinand Matthias Kühner

                      Ismaninger Str. 136

                      D 81675 München

                      authorized to jointly represent the company

                      born: 11.08.1976

 Proxy:

                      Robert Tikovsky

                      D 80331 München

                      authorized to jointly represent the company

                      born: 09.10.1962

 Proxy:

                      Florian Bahnmüller

                      D 82544 Egling

                      authorized to jointly represent the company

                      born: 13.10.1971

 Proxy:

                      Jens Wilde

                      D 01277 Dresden

                      authorized to jointly represent the company

                      born: 08.04.1970

 Proxy:

                      Werner Bairlein

                      D 01067 Dresden

                      authorized to jointly represent the company

                      born: 13.03.1955

 Proxy:

                      Hans-Joachim Gastel

                      D 82515 Wolfratshausen

                      authorized to jointly represent the company

                      born: 12.08.1957

 Proxy:

                      Herbert Schenke

                      D 85235 Pfaffenhofen

                      authorized to jointly represent the company

                      born: 18.07.1963

 Proxy:

                      Dr. Klaus Zinecker

                      D 82031 Grünwald

                      authorized to jointly represent the company

                      born: 14.02.1968

 Proxy:

                      Ralf Bellaire

                      D 85630 Grasbrunn

                      authorized to jointly represent the company

                      born: 15.07.1962

 Proxy:

                      Sandeep Sen

                      SGP  Singapore

                      authorized to jointly represent the company

                      born: 06.11.1966

                      Nationality: Singaporean

 Proxy:

                      Dr. Thore von Puttkamer

                      Perchastr. 1

                      D 82319 Starnberg

                      authorized to jointly represent the company

                      born: 25.09.1969

 Proxy:

                      Dr. Wolfgang Salzberger

                      D 85244 Röhrmoos

                      authorized to jointly represent the company

                      born: 15.12.1963

 Proxy:

                      Jürgen Velte

                      D 01277 Dresden

                      authorized to jointly represent the company

                      born: 27.10.1964

 Proxy:

                      Jörg Linsenmaier

                      D 01067 Dresden

                      authorized to jointly represent the company

                      born: 16.12.1962

 Proxy:

                      Cornelia Godzierz

                      D 80331 München

                      authorized to jointly represent the company

                      born: 22.09.1970

 Proxy:

                      Dr. Harald Voigts

                      D 80331 München

                      authorized to jointly represent the company

                      born: 12.03.1971

 Proxy:

                      Christian Fritzenwenger

                      D 80331 München

                      authorized to jointly represent the company

                      born: 23.03.1964

 Proxy:

                      Dr. Ernst Haidegger

                      D 85521 Riemerling

                      authorized to jointly represent the company

                      born: 09.01.1956

 Proxy:

                      Matthias Bertsch

                      D 80331 München

                      authorized to jointly represent the company

                      born: 06.06.1963

 Proxy:

                      Karin Griggel

                      D 82065 Baierbrunn

                      authorized to jointly represent the company

                      born: 03.12.1979

 Proxy:

                      Elena Skvortsova

                      D 82152 Krailling

                      authorized to jointly represent the company

                      born: 25.07.1970

                      Nationality: USA

 Proxy:

                      Dirk Richter

                      D 01067 Dresden

                      authorized to jointly represent the company

                      born: 25.09.1973

 Proxy:

                      Thomas Müller

                      D 85591 Vaterstetten

                      authorized to jointly represent the company

                      born: 28.07.1967

 Proxy:

                      John van der Velden

                      NL  GP Voorburg

                      authorized to jointly represent the company

                      born: 29.04.1973

                      Nationality: Dutch

 Proxy:

                      Dr. Mathias Nikolas Kranz

                      D 80331 München

                      authorized to jointly represent the company

                      born: 08.02.1975

 Proxy:

                      Dr. Reinhart Vogel

                      D 01067 Dresden

                      authorized to jointly represent the company

                      born: 16.02.1961

 Proxy:

                      Jacob Eisenberg

                      D 80331 München

                      authorized to jointly represent the company

                      born: 21.02.1966

 Proxy:

                      Torsten Krause

                      D 82515 Wolfratshausen

                      authorized to jointly represent the company

                      born: 03.09.1979

 Proxy:

                      Dr. Alexander Unterschütz

                      D 80331 München

                      authorized to jointly represent the company

                      born: 31.01.1973

 Proxy:

                      Dr. Florian Stork

                      D 80331 München

                      authorized to jointly represent the company

                      born: 25.10.1977

 Proxy:

                      Dennis Schulz

                      D 80331 München

                      authorized to jointly represent the company

                      born: 28.07.1982

 

 Further functions/participations of Prof. Dr. -Ing. Aldo Belloni

 (President of the Board of Directors)

 Member of the Board of Directors:

                      TÜV SÜD e.V.

                      Westendstr. 199

                      D 80686 München

                      Legal form: Registered association

                      Registered

                      on:         01.12.2009

                      Reg. data:  80333 München, VR 202666

 Shareholder representative within the Supervisory Board:

                      Evonik Industries AG

                      Rellinghauser Str. 1-11

                      D 45128 Essen

                      Legal form: Public limited company

                      Share capital:     EUR        466,000,000.00

                      Registered

                      on:         11.10.2006

                      Reg. data:  45130 Essen, HRB 19474

 

 Further functions/participations of Bernd Eulitz (Member of the

 Board of Directors)

 Member of the Board of Directors:

                      Verein der Bayerischen Chemischen Industrie

                      e.V.

                      Innstr. 15

                      D 81679 München

                      Legal form: Registered association

                      Registered

                      on:         08.01.1948

                      Reg. data:  80333 München, VR 4183

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 04.05.2016 - 01.05.2017  Vice-president of the Supervisory Board

                          Michael Diekmann

                          D 80802 München

 03.02.2015 - 22.12.2016  President of the Board of Directors

                          Dr. Wolfgang Büchele

                          D 80331 München

 04.05.2016 - 13.09.2016  Member of the Board of Directors

                          Georg Denoke

                          D 80331 München

 03.02.2015 - 15.07.2016  Member of the Board of Directors

                          Thomas Blades

                          D 47533 Kleve

 11.11.2011 - 03.05.2016  President of the Supervisory Board

                          Dr.rer.pol. Manfred Schneider

                          Kaiser-Wilhelm-Allee 12

                          D 51373 Leverkusen

 20.11.2012 - 05.01.2015  Member of the Board of Directors

                          Prof. Dr. -Ing. Aldo Belloni

                          D 82547 Eurasburg

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

19200   Manufacture of refined petroleum products

2059    Manufacture of other chemical products n.e.c.

25110   Manufacture of metal structures and parts of structures

28290   Manufacture of other general-purpose machinery

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      Linde Aktiengesellschaft

                      Spergauer Str. 1a

                      D 06237 Leuna

                      TEL.: 03461/8530

 Branch:

                      Linde Aktiengesellschaft

                      Klaumerbruch 95

                      D 45357 Essen

                      TEL.: 0201/609090

                      FAX.: 0201/60909-50

 Branch:

                      Linde Aktiengesellschaft

                      Lindestr. 2

                      D 57234 Wilnsdorf

                      TEL.: 02737/9852150

 Branch:

                      Linde Aktiengesellschaft

                      Gradestr. 107

                      D 12347 Berlin

                      TEL.: 030/60908-0

 Branch:

                      Linde Aktiengesellschaft

                      Reisholzer Bahnstr. 4

                      D 40599 Düsseldorf

                      TEL.: 0211/74810

                      FAX.: 0211/7481177

 Branch:

                      Linde Aktiengesellschaft

                      Mühlenfelder Str. 2

                      D 47137 Duisburg

                      TEL.: 0203/45048-0

 Branch:

                      Linde Aktiengesellschaft

                      Hauptstr. 196

                      D 66128 Saarbrücken

                      TEL.: 0681-70154

 Branch:

                      Linde Aktiengesellschaft

                      Carl-von-Linde-Str. 15

                      D 83342 Tacherting

                      TEL.: 08621/850

 Branch:

                      Linde Aktiengesellschaft

                      Fuldaer Str. 2

                      D 37269 Eschwege

                      TEL.: 05651/952300

 Branch:

                      Linde Aktiengesellschaft

                      Kostheimer Landstr. 25

                      D 55246 Mainz-Kostheim

                      TEL.: 06134/208-0

 Branch:

                      Linde Aktiengesellschaft

                      Schönebecker Str. 82

                      D 39104 Magdeburg

                      TEL.: 0391/4048826

 Branch:

                      Linde Aktiengesellschaft

                      Vogelweiherstr. 73

                      D 90441 Nürnberg

                      TEL.: 0911/424640

 Branch:

                      Linde Aktiengesellschaft

                      Entenfangweg 6

                      D 30419 Hannover

                      TEL.: 0511/279930

                      FAX.: 0511/27993-53

 Branch:

                      Linde Aktiengesellschaft

                      Strothbachstr. 9

                      D 33689 Bielefeld

                      TEL.: 05205/70021

 Branch:

                      Linde Aktiengesellschaft

                      Industriestr. 7

                      D 86456 Gablingen

                      TEL.: 08230/8902-0

 Branch:

                      Linde Aktiengesellschaft

                      Pariser Platz 3

                      D 10117 Berlin

                      TEL.: 030/2062900

 Branch:

                      Linde Aktiengesellschaft

                      Carl-von-Linde-Str. 25

                      D 85716 Unterschleißheim

                      TEL.: 089/310010

 Branch:

                      Linde Aktiengesellschaft

                      Fangdieckstr. 75

                      D 22547 Hamburg

                      TEL.: 040/8531210

 Branch:

                      Linde Aktiengesellschaft

                      Erlgrund 10

                      D 99098 Erfurt

                      TEL.: 036203/73107-0

 Branch:

                      Linde Aktiengesellschaft

                      Dradenaustr. 29

                      D 21129 Hamburg

                      TEL.: 040/7411350

                      FAX.: 040/74113535

 Branch:

                      Linde Aktiengesellschaft

                      Koellestr. 31a

                      D 76189 Karlsruhe

                      TEL.: 0721/57044400

 Branch:

                      Linde Aktiengesellschaft

                      Seitnerstr. 70

                      D 82049 Pullach

                      TEL.: 089/74460

                      FAX.: 089/7446-1216

 Branch:

                      Linde Aktiengesellschaft

                      Industriestr. 41

                      D 67063 Ludwigshafen

                      TEL.: 0621/69001-0

                      FAX.: 0621/69001-555

 Branch:

                      Linde Aktiengesellschaft

                      Müggenburger Str. 25

                      D 20539 Hamburg

                      TEL.: 040/7524820

                      FAX.: 040/75249219

 Branch:

                      Linde Aktiengesellschaft

                      Industriestr. 3

                      D 86405 Meitingen

                      TEL.: 08271/80080

 Branch:

                      Linde Aktiengesellschaft

                      Abraham-Lincoln-Str. 18

                      D 65189 Wiesbaden

                      TEL.: 0611/73666

                      FAX.: 0611/7366610

 Branch:

                      Linde Aktiengesellschaft

                      Stettiner Str. 22

                      D 56564 Neuwied

                      TEL.: 0180/3850012680

 Branch:

                      Linde Aktiengesellschaft

                      David-Hansemann-Str. 26

                      D 52531 Übach-Palenberg

                      TEL.: 0241/9432600

                      FAX.: 0241/94326012

 Branch:

                      Linde Aktiengesellschaft

                      Motorstr. 28

                      D 70499 Stuttgart

                      TEL.: 0711/80002-0

 Branch:

                      Linde Aktiengesellschaft

                      Südring 44

                      D 98693 Ilmenau

                      TEL.: 03677/62821

 Branch:

                      Linde Aktiengesellschaft

                      Rommenhöllerstr. 32

                      D 33014 Bad Driburg

                      TEL.: 05253/892166

 Branch:

                      Linde Aktiengesellschaft

                      Lübzer Str. 18

                      D 19395 Plau

                      TEL.: 038735/44515

 Branch:

                      Linde Aktiengesellschaft

                      Parsevalstr.

                      D 06749 Bitterfeld-Wolfen

                      TEL.: 03493/72214

 Branch:

                      Linde Aktiengesellschaft

                      Juchostr. 95

                      D 44143 Dortmund

                      TEL.: 0231/51913382

 Branch:

                      Linde Aktiengesellschaft

                      Haiminger Str. 10

                      D 84489 Burghausen

                      TEL.: 08677/97450

 Branch:

                      Linde Aktiengesellschaft

                      Dr.-Carl-von-Linde-Str. 6-14

                      D 82049 Pullach

                      TEL.: 089/74450

                      FAX.: 089/7445-4908

 Branch:

                      Linde Aktiengesellschaft

                      Bodenbacher Str. 80

                      D 01277 Dresden

                      TEL.: 0351/25030

                      FAX.: 0351/2504800

 

 

PARTICIPATIONS

 

 Limited partner:

                      Linde Electronics GmbH & Co.KG

                      Zugspitzstr. 3

                      D 82049 Pullach

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR          6,135,502.57

                      contribution:

                      Share:             EUR          6,135,502.57

                      Reg. data:  03.01.2008

                                  Local court 80333 München

                                  HRA 91505

 Limited partner:

                      Nauticor GmbH & Co. KG

                      Dornbusch 2

                      D 20095 Hamburg

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            250,000.00

                      contribution:

                      Share:             EUR            250,000.00

                      Reg. data:  26.10.2012

                                  Local court 20355 Hamburg

                                  HRA 115369

 Limited partner:

                      Hydromotive GmbH & Co. KG

                      Spergauer Str. 1a

                      D 06237 Leuna

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR             50,000.00

                      contribution:

                      Share:             EUR             50,000.00

                      Reg. data:  24.05.2005

                                  Local court 39576 Stendal

                                  HRA 34150

 Limited partner:

                      Linde Gas Produktionsgesellschaft mbH & Co.

                      KG

                      Seitnerstr. 70 OT

                      Höllriegelskreuth

                      D 82049 Pullach

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR             50,000.00

                      contribution:

                      Share:             EUR             50,000.00

                      Reg. data:  12.07.2002

                                  Local court 80333 München

                                  HRA 80186

 Limited partner:

                      H2 Mobility Deutschland GmbH & Co. KG

                      EUREF-Campus 10-11

                      D 10829 Berlin

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            100,000.00

                      contribution:

                      Share:             EUR             27,600.00

                      Reg. data:  21.01.2015

                                  Local court 14057 Berlin

                                  HRA 50462 B

 Limited partner:

                      LMH Immobilien Holding GmbH & Co. KG

                      Schweinheimer Str. 34

                      D 63743 Aschaffenburg

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR             10,000.00

                      contribution:

                      Share:             EUR                600.00

                      Reg. data:  22.02.2007

                                  Local court 63739 Aschaffenburg

                                  HRA 4532

 Shareholder:

                      Selas-Linde GmbH

                      Wolfratshauser Str. 138

                      D 82049 Pullach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            921,000.00

                      Share:             EUR            921,000.00

                      Reg. data:  03.08.1981

                                  Local court 80333 München

                                  HRB 66585

 Shareholder:

                      Commercium Immobilien- und Beteiligungs-GmbH

                      Klosterhofstr. 1

                      D 80331 München

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            588,800.00

                      Share:             EUR            588,800.00

                      Reg. data:  09.07.2007

                                  Local court 80333 München

                                  HRB 168804

 Shareholder:

                      InfraLeuna GmbH

                      Am Haupttor 4310

                      D 06237 Leuna

                      Post Box:

                      11 11

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          1,534,000.00

                      Share:             EUR            375,830.00

                      Reg. data:  22.03.1995

                                  Local court 39576 Stendal

                                  HRB 209877

 Shareholder:

                      Wohnungsbaugesellschaft Pullach i. Isartal

                      mit beschränkter Haftung

                      Münchener Str. 9

                      D 82049 Pullach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            296,400.00

                      Share:             EUR             44,720.00

                      Reg. data:  21.04.1998

                                  Local court 80333 München

                                  HRB 5520

 Shareholder:

                      Linde Electronics Verwaltungs GmbH

                      Zugspitzstr. 3

                      D 82049 Pullach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             42,000.00

                      Share:             EUR             42,000.00

                      Reg. data:  28.12.2007

                                  Local court 80333 München

                                  HRB 171488

 Shareholder:

                      Linde Gas Verwaltungs GmbH

                      Seitnerstr. 70

                      D 82049 Pullach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             31,000.00

                      Share:             EUR             31,000.00

                      Reg. data:  22.07.2003

                                  Local court 80333 München

                                  HRB 148534

 Shareholder:

                      Nauticor Beteiligungs-GmbH

                      Dornbusch 2

                      D 20095 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  26.10.2012

                                  Local court 20355 Hamburg

                                  HRB 124967

 Shareholder:

                      Hydromotive Verwaltungs-GmbH

                      Spergauer Str. 1a

                      D 06237 Leuna

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  11.05.2005

                                  Local court 39576 Stendal

                                  HRB 215272

 Shareholder:

                      TKD TrockenEis und Kohlensäure Distribution

                      GmbH

                      An der Erdinger Str. 3d

                      D 85447 Fraunberg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,564.59

                      Share:             EUR             12,782.30

                      Reg. data:  01.09.1994

                                  Local court 80333 München

                                  HRB 107124

 Shareholder:

                      TEGA-Technische Gase und Gasetechnik

                      Gesellschaft mit beschränkter Haftung

                      Werner-von-Siemens-Str. 18

                      D 97076 Würzburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            410,000.00

                      Share:             EUR             24,600.00

                      Reg. data:  23.09.1959

                                  Local court 97070 Würzburg

                                  HRB 21

 Shareholder:

                      Supralift Beteiligungs- und

                      Kommunikationsgesellschaft mit beschränkter

                      Haftung

                      Reifenberger Str. 1

                      D 65719 Hofheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Reg. data:  06.04.2001

                                  Local court 60313 Frankfurt

                                  HRB 52074

 

 

FINANCIAL INFORMATION

 

 Payment experience:                Regular

 

 Negative information:               We have no negative information at hand.

 

 Balance sheet year:                  2016

 

 

REAL ESTATE

 

 Type of ownership:                   unknown

 Address                                   Klosterhofstr. 1

                                                D 80331 München

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 DEUTSCHE BANK, 65011 WIESBADEN

 Sort. code: 51070021

 BIC: DEUTDEFF510

 

 Further banks

 COMMERZBANK, 65009 WIESBADEN

 Sort. code: 51040038

 BIC: COBADEFFXXX

 COMMERZBANK VORMALS DRESDNER BANK, 65012 WIESBADEN

 Sort. code: 51080060

 BIC: DRESDEFF510

 

 

FINANCIAL FIGURES

 

 Turnover:            2015               EUR      2,097,000,000.00

                      2016               EUR      2,917,000,000.00

 Profit:              2015               EUR        669,000,000.00

                      2016               EUR        939,000,000.00

 further business figures:

 Equipment:                              EUR         92,000,000.00

 Ac/ts receivable:                       EUR      2,110,000,000.00

 Liabilities:                            EUR      9,451,000,000.00

 Real estate of the firm:                EUR        187,000,000.00

 Employees:                                                  6,318

 

 


BALANCE SHEETS

 

 Balance sheet ratios                 01.01.2016 - 31.12.2016

 Equity ratio [%]:                       49.22

 Liquidity ratio:                          0.23

 Return on total capital [%]:       4.56

 

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:                          Company balance sheet

 Origin of the present balance sheet:           electronic German Federal Gazette

 Financial year:                                01.01.2016 - 31.12.2016

 

 ASSETS                                  EUR     20,608,000,000.00

  Fixed assets                           EUR     18,093,000,000.00

   Financial assets                      EUR     17,553,000,000.00

    Other / unspecified financial assets EUR     17,553,000,000.00

   Other / unspecified items within fixed

   assets                                EUR        540,000,000.00

  Current assets                         EUR      2,385,000,000.00

   Accounts receivable                   EUR      2,110,000,000.00

    Other debtors and assets             EUR      2,110,000,000.00

   Investments in current assets         EUR        107,000,000.00

    Other investments                    EUR        107,000,000.00

   Liquid means                          EUR        168,000,000.00

  Remaining other assets                 EUR        130,000,000.00

 

 LIABILITIES                             EUR     20,608,000,000.00

  Shareholders' equity                   EUR     10,144,000,000.00

  Provisions                             EUR      1,007,000,000.00

   Pension provisions and comparable

   provisions                            EUR        188,000,000.00

   Other / unspecified provisions        EUR        819,000,000.00

  Liabilities                            EUR      9,451,000,000.00

  Other liabilities                      EUR          6,000,000.00

   Remaining other liabilities           EUR          6,000,000.00

 

 PROFIT AND LOSS ACCOUNT (cost of sales method) according to Comm.

 Code (HGB)

  Sales                                  EUR      2,917,000,000.00

  Manufacturing costs                    EUR      2,120,000,000.00

  Gross result on sales                  EUR        797,000,000.00

  Other operating income                 EUR        199,000,000.00

  Other operating expenses               EUR        878,000,000.00

  Operating result from continuing

  operations                             EUR        118,000,000.00

  Result from participating interests

  (+/-)                                  EUR        871,000,000.00

  Other financial result                 EUR        -40,000,000.00

  Financial result (+/-)                 EUR        831,000,000.00

  Result from ordinary operations (+/-)  EUR        949,000,000.00

  Income tax / refund of income tax (+/-)EUR        -10,000,000.00

  Tax (+/-)                              EUR        -10,000,000.00

  Annual surplus / annual deficit        EUR        939,000,000.00


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

INR 64.37

UK Pound

1

INR 89.71

Euro

1

INR 78.89

Euro

1

INR 78.64

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VIV

 

 

Report Prepared by :

TRU

 


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

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

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.