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MIRA INFORM REPORT
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Report No. : |
491107 |
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Report Date : |
15.02.2018 |
IDENTIFICATION DETAILS
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Name : |
BITZER KÜHLMASCHINENBAU GMBH |
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Registered Office : |
Eschenbrünnlestr. 15, D
71065 Sindelfingen |
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Country : |
Germany |
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Date of Incorporation : |
1934 |
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Com. Reg. No.: |
HRB 240845 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Manufacture
of non-domestic cooling and ventilatione quipment ·
Wholesale
of other equipment and accessories for machinery and technical supplies |
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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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 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.
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Source
: CIA |
Company
name and address
Report on: BITZER Kühlmaschinenbau GmbH
Eschenbrünnlestr. 15
D 71065 Sindelfingen
Telephone:07031/932-0
Telefax: 07031/932-147
Homepage: www.bitzer.de
E-mail: mail@bitzer.de
Company Status: active
VAT no.: DE812161588
CONCLUSION
Business relations are permissible.
Summery
LEGAL FORM Private limited company
Date of foundation: 1934
Shareholders'
agreement: 08.06.1972
Registered on: 29.07.1972
Commercial Register: Local court 70190
Stuttgart
under: HRB 240845
Share capital: EUR 32,000,000.00
Shareholder:
BITZER SE
Eschenbrünnlestr. 15
D 71065 Sindelfingen
Legal form: European
Company (SE)
Share capital: EUR
180,000,000.00
Share: EUR 32,000,000.00
Registered on: 11.09.2008
Reg. data: 70190
Stuttgart, HRB 727317
Control and profit
transfer agreement
Manager:
Christian Jürgen Wehrle
D 73207 Plochingen
born: 23.07.1959
Manager:
Rainer Meinhard
Große-Kracht
D 71032 Böblingen
born: 01.03.1970
Manager:
Frank Hartmann
D 73760 Ostfildern
born: 07.04.1974
Manager:
Gianbattista Parlanti
D 70173 Stuttgart
born: 10.04.1968
Proxy:
Ingo Smit
D 70173 Stuttgart
authorized to jointly
represent the company
born: 23.10.1969
Proxy:
Andreas Riesch
D 73249 Wernau
authorized to jointly
represent the company
born: 17.04.1976
Proxy:
Jochen Rehorsch
D 71116 Gärtringen
authorized to jointly
represent the company
born: 19.07.1972
Proxy:
Kai Oliver Kowalewsky
D 71149 Bondorf
authorized to jointly
represent the company
born: 11.01.1968
Proxy:
Bernd Wohld
D 72127 Kusterdingen
authorized to jointly
represent the company
born: 04.11.1964
Proxy:
Jochen Endreß
D 71254 Ditzingen
authorized to jointly
represent the company
born: 21.07.1970
Proxy:
Bettina Bond
D 74369 Löchgau
authorized to jointly
represent the company
born: 03.07.1966
Further functions/participations of Christian
Jürgen Wehrle
(Manager)
Manager:
BITZER Kühlmaschinenbau
Schkeuditz GmbH
Industriestr. 48
D 04435 Schkeuditz
Legal form: Private
limited company
Share capital: EUR
14,000,000.00
Registered
on: 03.04.1991
Reg. data: 04275 Leipzig, HRB 2507
Manager:
BITZER
Grundstücksverwaltungs GmbH
Eschenbrünnlestr. 15
D 71065 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 500,000.00
Registered
on: 16.08.2011
Reg. data: 70190 Stuttgart, HRB 738435
Manager:
BITZER
Invertertechnologie GmbH
Eschenbrünnlestr. 15
D 71065 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 21.05.2014
Reg. data: 70190 Stuttgart, HRB 748972
Managing Director:
BITZER SE
Eschenbrünnlestr. 15
D 71065 Sindelfingen
Legal form: European
Company (SE)
Share capital: EUR
180,000,000.00
Registered
on: 11.09.2008
Reg. data: 70190 Stuttgart, HRB 727317
Managing Director:
KIMO RHVAC Controls Ltd
Hüttendorfer Weg 60
D 90768 Fürth
Legal form: Branch of a
private limited
company under
foreign law
Share capital: GBP 2.00
Registered
on: 30.05.2014
Reg. data: 90762 Fürth, HRB 14554
Further functions/participations of Rainer
Meinhard Große-Kracht
(Manager)
Manager:
BITZER Kühlmaschinenbau
Schkeuditz GmbH
Industriestr. 48
D 04435 Schkeuditz
Legal form: Private
limited company
Share capital: EUR
14,000,000.00
Registered
on: 03.04.1991
Reg. data: 04275 Leipzig, HRB 2507
Manager:
BITZER
Grundstücksverwaltungs GmbH
Eschenbrünnlestr. 15
D 71065 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 500,000.00
Registered
on: 16.08.2011
Reg. data: 70190 Stuttgart, HRB 738435
Manager:
BITZER Invertertechnologie GmbH
Eschenbrünnlestr. 15
D 71065 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 21.05.2014
Reg. data: 70190 Stuttgart, HRB 748972
Managing Director:
BITZER SE
Eschenbrünnlestr. 15
D 71065 Sindelfingen
Legal form: European
Company (SE)
Share capital: EUR
180,000,000.00
Registered
on: 11.09.2008
Reg. data: 70190 Stuttgart, HRB 727317
Further functions/participations of Frank
Hartmann (Manager)
Manager:
BITZER Kühlmaschinenbau
Schkeuditz GmbH
Industriestr. 48
D 04435 Schkeuditz
Legal form: Private
limited company
Share capital: EUR
14,000,000.00
Registered
on: 03.04.1991
Reg. data: 04275 Leipzig, HRB 2507
Manager:
BITZER Grundstücksverwaltungs
GmbH
Eschenbrünnlestr. 15
D 71065 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 500,000.00
Registered
on: 16.08.2011
Reg. data: 70190 Stuttgart, HRB 738435
Manager:
BITZER
Invertertechnologie GmbH
Eschenbrünnlestr. 15
D 71065 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 21.05.2014
Reg. data: 70190 Stuttgart, HRB 748972
Managing Director:
BITZER SE
Eschenbrünnlestr. 15
D 71065 Sindelfingen
Legal form: European
Company (SE)
Share capital: EUR
180,000,000.00
Registered
on: 11.09.2008
Reg. data: 70190 Stuttgart, HRB 727317
Managing Director:
KIMO RHVAC Controls Ltd
Hüttendorfer Weg 60
D 90768 Fürth
Legal form: Branch of a
private limited
company under
foreign law
Share capital: GBP
2.00
Registered
on: 30.05.2014
Reg. data: 90762 Fürth, HRB 14554
Further functions/participations of
Gianbattista Parlanti
(Manager)
Manager:
BITZER Kühlmaschinenbau
Schkeuditz GmbH
Industriestr. 48
D 04435 Schkeuditz
Legal form: Private
limited company
Share capital: EUR
14,000,000.00
Registered
on: 03.04.1991
Reg. data: 04275 Leipzig, HRB 2507
Manager:
BITZER
Grundstücksverwaltungs GmbH
Eschenbrünnlestr. 15
D 71065 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 500,000.00
Registered
on: 16.08.2011
Reg. data: 70190 Stuttgart, HRB 738435
Manager:
BITZER
Invertertechnologie GmbH
Eschenbrünnlestr. 15
D 71065 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 21.05.2014
Reg. data: 70190 Stuttgart, HRB 748972
Managing Director:
BITZER SE
Eschenbrünnlestr. 15
D 71065 Sindelfingen
Legal form: European
Company (SE)
Share capital: EUR
180,000,000.00
Registered
on: 11.09.2008
Reg. data: 70190 Stuttgart, HRB 727317
COMPANY HISTORY
company name and legal form
08.06.1972 - 31.12.1996 Bitzer Kühlmaschinenbau GmbH & Co.KG
Eschenbrünnlestr. 15
D 71065 Sindelfingen
Ltd partnership with
priv. ltd. company
as general partner
RESIGNED ACTING PERSONS AND SHAREHOLDERS
12.03.1998 - 27.06.2016 Manager
Christiane Schaufler-Münch
Eschenbrünnlestr. 15
D 71065 Sindelfingen
12.03.1998 - 12.10.2015 Manager
Senator h.c. Peter
Schaufler
D 70176 Stuttgart
22.01.2015 - 10.08.2015 Manager
Helmut Meyer
D 72639 Neuffen
21.02.2011 - 10.08.2015 Manager
Jürgen Martin Kleiner
D 70771
Leinfelden-Echterdingen
BUSINESS
ACTIVITIES
Main industrial sector
28250
Manufacture of non-domestic cooling and ventilatione quipment
46693 Wholesale of other equipment and accessories
for machinery and technical supplies
BRANCHES AND FACTORIES
Branch:
BITZER Kühlmaschinenbau
GmbH
Etzwiesenstr. 44-46
D 72108 Rottenburg
Branch:
BITZER Kühlmaschinenbau
GmbH
Mercedesstr. 24-28
D 72108 Rottenburg
PARTICIPATIONS
Shareholder:
BITZER
Invertertechnologie GmbH
Eschenbrünnlestr. 15
D 71065 Sindelfingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 50,000.00
Reg. data: 21.05.2014
Local court
70190 Stuttgart
HRB 748972
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 Eschenbrünnlestr. 15
D 71065 Sindelfingen
Land register documents were not available.
BANKERS
KREISSPARKASSE BÖBLINGEN, 71043 SINDELFINGEN
Sort. code: 60350130
BIC: BBKRDE6BXXX
COMMERZBANK SINDELFINGEN, 71043 SINDELFINGEN
Sort. code: 60340071
BIC: COBADEFFXXX
DEUTSCHE BANK, 70049 STUTTGART
Sort. code: 60070070
BIC: DEUTDESSXXX
DZ BANK, 70049 STUTTGART
Sort. code: 60060000
BIC: GENODESGXXX
UNICREDIT BANK - HYPOVEREINSBANK, 71001
BÖBLINGEN
Sort. code: 60320291
BIC: HYVEDEMM858
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101
BIC: SOLADEST600
FINANCIAL FIGURES
Financial year: 01.01. - 31.12.
Share capital: EUR 32,000,000.00
The number of employees is not known.
Control and profit transfer
agreement to:
BITZER SE
Eschenbrünnlestr. 15
D 71065 Sindelfingen
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.13 |
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|
1 |
INR 89.17 |
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Euro |
1 |
INR 79.39 |
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Euro |
1 |
INR 79.81 |
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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DIV |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
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
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
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.