|
|
|
MIRA INFORM REPORT
|
Report No. : |
493537 |
|
Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
FUCHS WISURA GMBH |
|
|
|
|
Registered Office : |
Am Gaswerk 2-10, D 28197 Bremen, Post
Box: 10 02 07, D 28002 Bremen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
1911 |
|
|
|
|
Com. Reg. No.: |
HRB 27684 HB |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
·
Manufacture of refined petroleum
products ·
Wholesale of petroleum products ·
Wholesale of chemical products ·
Activities of holding companies |
|
|
|
|
No. of Employees : |
40 |
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 : |
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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 & address
FUCHS WISURA GMBH
Company Status: active
Am Gaswerk 2-10
D
28197 Bremen
Post Box:
10 02 07, D 28002 Bremen
Telephone:0421/54903-0
Telefax:
0421/54903-25
Homepage: www.fuchs-wisura.de
E-mail: info@fuchs-wisura.de
VAT
no.: DE114629507
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 1911
Shareholders'
agreement: 01.03.2012
Registered on: 06.03.2012
Commercial Register: Local court 28195 Bremen
under: HRB 27684 HB
Share capital: EUR 1,100,000.00
Shareholder:
FUCHS PETROLUB SE
Friesenheimer Str. 17
D 68169 Mannheim
Legal form: European
Company (SE)
Share capital: EUR
139,000,000.00
Share: EUR 1,100,000.00
Registered on: 18.07.2013
Reg. data: 68159
Mannheim, HRB 717394
Manager:
Steffen Wolf
D 31683 Obernkirchen
having sole power of
representation
born: 28.07.1960
Proxy:
Dr. Joachim Schulz
D 20095 Hamburg
authorized to jointly
represent the company
born: 28.04.1958
Proxy:
Mike Johann Holtkamp
D 28832 Achim
authorized to jointly
represent the company
born: 09.07.1977
COMPANY
HISTORY
company name and legal form
06.03.2012 - 17.06.2015 WISURA GMBH
Am Gaswerk 2-10
D 28197 Bremen
Private limited
company
1911 - 06.03.2012 WISURA MINERALÖL-WERK GOLDGRABE &
SCHEFT
GMBH & CO
Am Gaswerk 2-10
D 28197 Bremen
Ltd partnership with
priv. ltd. company
as general partner
BUSINESS
ACTIVITIES
Main industrial sector
19200
Manufacture of refined petroleum products
46712
Wholesale of petroleum products
4675
Wholesale of chemical products
Secondary industrial sector
6420
Activities of holding companies
FINANCIAL
INFORMATION
Payment experience: Regular
Negative
information: We have no negative information at hand.
PMI: No significant / relevant payment
experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
REAL
ESTATE
Type of ownership: Tenant
Address Am Gaswerk 2-10
D 28197 Bremen
Land register documents were not available.
BANKERS
COMMERZBANK, 28079 BREMEN
Sort. code: 29040090
BIC: COBADEFFXXX
DEUTSCHE BANK, 28189 BREMEN
Sort. code: 29070050
BIC: DEUTDEHBXXX
FINANCIAL
FIGURES
Financial year: 01.01. - 31.12.
Share capital: EUR 1,100,000.00
Total numbers of vehicles: 11
-
Lorries:
6
-
Passenger cars:
5
Employees:
40
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.66 |
|
|
1 |
INR 90.65 |
|
Euro |
1 |
INR 79.70 |
|
EUR |
1 |
INR 79.97 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
TPT |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.