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MIRA
INFORM REPORT
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Report No. : |
493547 |
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Report Date : |
22.02.2018 |
IDENTIFICATION DETAILS
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Name : |
GEA FOOD SOLUTIONS GERMANY GMBH |
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Registered Office : |
Im Ruttert 1, D 35216 Biedenkopf |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
16.12.1999 |
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Com. Reg. No.: |
HRB 3157 |
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Legal Form : |
Private limited company |
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Line of Business : |
· Manufacture of other general-purpose machinery n.e.c ·
Manufacture of machinery for food,
beverage and tobacco processing · Wholesale of other machinery ·
Wholesale of other equipment and
accessories for machinery and technical supplies |
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No. of Employees : |
400 |
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 : |
Slow but Correct |
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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 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: GEA
Food Solutions Germany GmbH
Company Status: active
Im Ruttert 1
D 35216 Biedenkopf
Telephone: 06461/8010
Telefax:
06461/801100
Homepage: www.gea-foodsolutions.com
E-mail:
hr.wallau@gea.com
Trade name: Food
Solutions
VAT no.: DE206610979
CONCLUSION
Business relations are permissible.
Company
summary
Legal
Form Private limited company
Date of foundation: 16.12.1999
Begin of business
activities: 16.12.1999
Shareholders'
agreement:
16.12.1999
Registered on: 07.02.2000
Commercial Register: Local court 35037 Marburg
under: HRB
3157
Share capital: EUR 28,000.00
Shareholder:
GEA Mechanical Equipment
GmbH
Werner-Habig-Str. 1
D 59302 Oelde
Post Box:
37 20
Legal form: Private
limited company
Share capital: EUR
65,412,600.00
Share: EUR 28,000.00
Registered on: 16.08.1899
Reg. data: 48149 Münster,
HRB 6927
Control and profit
transfer agreement
Manager:
Horst Waldner
D 97688 Bad Kissingen
authorized to jointly
represent the company
born: 18.02.1960
Manager:
Dr. Harald A. Wieland
D 63739 Aschaffenburg
born: 06.10.1963
Manager:
Bernd Klinkert
D 35232 Dautphetal
born: 27.09.1956
Manager:
Armin Reichel
D 35239 Steffenberg
born: 02.07.1960
Proxy:
Jürgen Becker
D 35080 Bad Endbach
authorized to jointly
represent the company
born: 28.03.1961
Profession: Businessman
Proxy:
Lothar Schroeder
D 57334 Bad Laasphe
authorized to jointly
represent the company
born: 20.05.1961
Proxy:
Dr. Rudolf Josef Benesch
D 44135 Dortmund
authorized to jointly
represent the company
born: 05.03.1962
Proxy:
Josef Merk
OT Martinszell
D 87448 Waltenhofen
authorized to jointly
represent the company
born: 01.08.1959
Proxy:
Norbert Jüttner
Ringstr. 29
D 87493 Lauben
authorized to jointly
represent the company
born: 29.11.1967
Proxy:
Philippe Martin
D 49076 Osnabrück
authorized to jointly
represent the company
born: 19.03.1964
Proxy:
Marc Arnoldus Maria van
Hout
NL Waalre
authorized to jointly
represent the company
born: 23.07.1971
Nationality: Dutch
Proxy:
Andreas Minning
D 49565 Bramsche
authorized to jointly
represent the company
born: 24.10.1964
Further functions/participations of Horst
Waldner (Manager)
Deputy of the Board of Directors:
Forschungs- und
Entwicklungsverein für
Robotik- und
Automationslösungen e.V.
D 14532 Kleinmachnow
Legal form: Registered
association
Registered
on: 12.06.2017
Reg. data: 14467 Potsdam, VR 8796 P
Further functions/participations of Bernd
Klinkert (Manager)
Proxy:
GEA Bock GmbH
Benzstr. 7
D 72636 Frickenhausen
Post Box:
11 61, D 72632
Frickenhausen
Legal form: Private
limited company
Share capital: EUR 2,050,000.00
Registered
on: 17.09.2001
Reg. data: 70190 Stuttgart, HRB 225250
COMPANY
HISTORY
company name and legal form
12.08.2011 - 04.09.2012 GEA CFS Real Estate GmbH
Im Ruttert 1
D 35216 Biedenkopf
Private limited
company
07.02.2000 - 11.08.2011 CFS Real Estate GmbH
Im Ruttert 1
D 35216 Biedenkopf
Private limited
company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
09.01.2013 - 31.01.2017 Manager
Tatiana Gillitzer
D 40210 Düsseldorf
18.09.2012 - 31.01.2017 Manager
Norbert Jüttner
Ringstr. 29
D 87493 Lauben
13.09.2012 - 31.01.2017 Manager
Marco Gandini
D 40210 Düsseldorf
24.11.2014 - 04.08.2016 Manager
Markus Keller
A Pflach
BUSINESS
ACTIVITIES
Main industrial sector
2829
Manufacture of other general-purpose machinery n.e.c.
2893
Manufacture of machinery for food, beverage and tobacco Processing
46692
Wholesale of other machinery
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
BRANCHES
AND FACTORIES
Branch:
GEA Food Solutions
Germany GmbH
Ignaz-Kiechle-Str. 40
D 87437 Kempten
TEL.: 0831/512840
FAX.: 0831/512844333
Reg. entry: 13.11.2012
Branch:
GEA Food Solutions Germany GmbH
Heinrich-Hasemeier-Str.
26
D 49076 Osnabrück
FINANCIAL
INFORMATION
Payment experience: Slow
but correct
Negative information: We have no negative information at hand.
Balance sheet year: 2010
REAL
ESTATE
Type of ownership: Tenant
Address Im
Ruttert 1
D 35216 Biedenkopf
Land register documents were not available.
BANKERS
COMMERZBANK VORMALS DRESDNER BANK, 35003 MARBURG
Sort. code: 53380042
BIC: DRESDEFF533
FINANCIAL
FIGURES
Turnover: 2016 *EUR 62,000,000.00
Equipment: *EUR 2,640,000.00
Ac/ts receivable: EUR 6,029,620.00
Liabilities: EUR 247,978.00
Employees:
400
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Part-time employees: 10
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Trainees:
10
Control and profit transfer agreement to:
GEA Mechanical Equipment
GmbH
Werner-Habig-Str. 1
D 59302 Oelde
Post Box:
37 20
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
BALANCE
SHEETS
Balance sheet ratios 01.03.2010 - 31.12.2010
Equity ratio [%]: 97.20
Liquidity ratio: 10.00
Balance sheet ratios 01.03.2009 - 28.02.2010
Equity ratio [%]: 97.29
Liquidity ratio: 10.00
Balance sheet ratios 29.02.2008 - 28.02.2009
Equity ratio [%]: 96.11
Liquidity ratio: 10.00
Balance sheet ratios 01.03.2007 - 29.02.2008
Equity ratio [%]: 96.11
Liquidity ratio: 10.00
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.
Type
of balance sheet: Company balance sheet
Origin of the present balance sheet: electronic
German Federal Gazette
Financial year: 01.03.2010
- 31.12.2010
ASSETS EUR 8,862,681.74
Fixed assets
EUR 2,833,061.66
Tangible assets
EUR 2,833,061.66
Other / unspecified tangible assets
EUR 2,833,061.66
Current assets
EUR 6,029,620.08
Accounts receivable
EUR 6,029,620.08
Other debtors and assets
EUR 6,029,620.08
LIABILITIES EUR 8,862,681.74
Shareholders' equity
EUR 8,614,703.60
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 8,589,703.60
Capital reserves
EUR 8,589,703.60
Liabilities
EUR 247,978.14
Other liabilities
EUR 247,978.14
Unspecified other liabilities
EUR 247,978.14
Type
of balance sheet: Company balance sheet
Origin of the present balance sheet: electronic
German Federal Gazette
Financial year: 01.03.2009
- 28.02.2010
ASSETS EUR 8,854,787.55
Fixed assets
EUR 3,364,951.66
Tangible assets
EUR 3,364,951.66
Current assets
EUR 5,489,835.89
Accounts receivable EUR 5,489,835.89
LIABILITIES EUR 8,854,787.55
Shareholders' equity
EUR 8,614,703.60
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 8,589,703.60
Capital reserves
EUR 8,589,703.60
Balance sheet profit/loss (+/-)
EUR 0.00
Balance sheet profit / loss
EUR 0.00
Liabilities
EUR 240,083.95
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.81 |
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1 |
INR 90.66 |
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Euro |
1 |
INR 79.94 |
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Euro |
1 |
INR 79.80 |
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 : |
SYL |
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
·
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.