MIRA INFORM REPORT

 

 

Report No. :

490522

Report Date :

12.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

OTT-JAKOB SPANNTECHNIK GMBH

 

 

Registered Office :

Industriestr. 3-7 D 87663 Lengenwang

 

 

Country :

Germany

 

 

Date of Incorporation :

1873

 

 

Com. Reg. No.:

HRB 4807

 

 

Legal Form :

Private limited company

 

 

Line of Business :
  • Manufacture of tools
  • Manufacture of metal forming machinery
  • Wholesale of other machinery
  • Engineering activities

 

 

No. of Employees :

Not Available

 

 

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+

Low Risk

Business dealings permissible with low risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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 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, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2018.

 

Source : CIA

 

Company name and address 

 

Ott-Jakob Spanntechnik GmbH

 

Industriestr. 3-7

D 87663 Lengenwang

Telephone:08364/98210

Telefax:  08364/982110

Homepage: www.ott-jakob.de

E-mail:   info@ott-jakob.de

 

 

Company Status

 

Active

 

 

VAT no.

 

DE247989807

 

 

Company summery

 

LEGAL FORM               Private limited company

Date of foundation:       1873

Shareholders'

agreement:                    05.01.1993

Registered on:              18.03.1993

Commercial Register:    Local court 87435 Kempten

under:                                       HRB 4807

 

Share capital:                          EUR             52,200.00

 

Shareholder:

                     Jakob-Vermögensverwaltung GmbH

                     Daimler Ring 42

                     D 63839 Kleinwallstadt

                     Legal form: Private limited company

                     Share capital:     EUR            555,000.00

                     Share:             EUR             52,200.00

                     Registered on: 17.01.2007

                     Reg. data: 63739 Aschaffenburg, HRB 9875

Manager:

                     Frank Jakob

                     Leichtleweg 15

                     D 87435 Kempten

                     having sole power of representation

                     born: 12.05.1977

Proxy:

                     Ludwig Jakob

                     Math.-Grünewald-Str. 7

                     D 63839 Kleinwallstadt

                     having sole power of representation

                     born: 02.03.1948

                     Profession: Mechanical engineer

                     Property regime: Statutory matrimonial

                     property regime

                     Marital status: married

Proxy:

                     Norbert Leege

                     Krokusweg 9

                     D 87488 Betzigau

                     having sole power of representation

                     born: 18.05.1956

                     Marital status: married

Proxy:

                     Hubert Sykora

                     D 87448 Waltenhofen

                     having sole power of representation

                     born: 07.01.1955

 

Further functions/participations of Frank Jakob (Manager)

Shareholder:

                     Jakob-Vermögensverwaltung GmbH

                     Daimler Ring 42

                     D 63839 Kleinwallstadt

                     Legal form: Private limited company

                     Share capital:     EUR            555,000.00

                     Share:             EUR            260,000.00

                     Registered

                     on:         17.01.2007

                     Reg. data:  63739 Aschaffenburg, HRB 9875

Proxy:

                     Jakob-Vermögensverwaltung GmbH

                     Daimler Ring 42

                     D 63839 Kleinwallstadt

                     Legal form: Private limited company

                     Share capital:     EUR            555,000.00

                     Registered

                     on:         17.01.2007

                     Reg. data:  63739 Aschaffenburg, HRB 9875

 

COMPANY HISTORY

 

company name and legal form

18.03.1993 - 21.09.2006  Ott-Jakob Verwaltungs GmbH

                         Industriestr. 3-7

                         D 87663 Lengenwang

                         Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

20.01.1994 - 17.03.2015  Manager

                         Ludwig Jakob

                         Math.-Grünewald-Str. 7

                         D 63839 Kleinwallstadt

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

2573    Manufacture of tools

28410   Manufacture of metal forming machinery

46692   Wholesale of other machinery

7112    Engineering activities

 

 

FINANCIAL INFORMATION

 

Payment experience:     No Complaints

 

Negative information:    We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:        Tenant

Address                        Industriestr. 3 - 7

                                    D 87663 Lengenwang

 

Land register documents were not available.

 

BANKERS

 

SPARKASSE ALLGÄU, 87414 KEMPTEN (ALLGÄU)

Sort. code: 73350000, Account no.: 27359

BIC: BYLADEM1ALG, IBAN: DE80733500000000027359

UNICREDIT BANK - HYPOVEREINSBANK, 87402 KEMPTEN (ALLGÄU)

Sort. code: 73320073, Account no.: 7359500

BIC: HYVEDEMM428, IBAN: DE19733200730007359500

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Share capital:                          EUR             52,200.00

The number of employees is not known.

 

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 78.86

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

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)

 

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