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MIRA INFORM REPORT
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Report No. : |
494993 |
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Report Date : |
28.02.2018 |
IDENTIFICATION DETAILS
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Name : |
ANDRITZ FIEDLER GMBH |
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Registered Office : |
Weidener Str. 9 D 93057
Regensburg |
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Country : |
Germany |
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Date of Incorporation : |
06.05.1997 |
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Com. Reg. No.: |
HRB 9900 |
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Legal Form : |
Private limited company |
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Line of Business : |
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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 (30.09.2017) |
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
Andritz Fiedler GmbH
Weidener Str. 9
D 93057 Regensburg
Telephone:0941/6401-0
Telefax: 0941/6401-302
E-mail: andritz-fiedler@andritz.com
Company
Status
Active
CONCLUSION
Business relations are permissible.
Company summery
LEGAL FORM Private
limited company
Date of foundation: 06.05.1997
Shareholders'
agreement: 26.08.2005
Registered on: 20.09.2005
Commercial Register: Local court 93049 Regensburg
under: HRB
9900
Share capital: EUR 2,200,000.00
Shareholder:
Andritz GmbH
Stephanopeler Str. 22
D 58675 Hemer
Legal form: Private
limited company
Share capital: EUR 25,600.00
Share: EUR 2,200,000.00
Registered on: 05.11.1998
Reg. data: 58636
Iserlohn, HRB 2210
Control and profit transfer agreement
Manager:
Manuel Fritsch
D 92421 Schwandorf
authorized to jointly
represent the company
born: 24.07.1974
Manager:
Dietmar Heinisser
D 93057 Regensburg
born: 08.03.1971
Proxy:
Hans Peter Brendel
D 92318 Neumarkt
authorized to jointly
represent the company
born: 02.08.1959
Proxy:
Jürgen Lehmann
D 93057 Regensburg
authorized to jointly
represent the company
born: 06.11.1970
Further functions/participations of Dietmar
Heinisser (Manager)
Manager:
AKRE Real Estate GmbH
Lommessemstr. 32-36
D 52353 Düren
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 22.01.2009
Reg. data: 52349 Düren, HRB 5477
Manager:
Andritz Kufferath GmbH
Lommessemstr. 32-36
D 52353 Düren
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 25.02.2009
Reg. data: 52349 Düren, HRB 5504
COMPANY
HISTORY
company name and legal form
26.01.2004 - 20.09.2005 Andritz Fiedler GmbH & Co. KG
Weidener Str. 9
D 93057 Regensburg
Ltd partnership with
priv. ltd. company
as general partner
06.05.1997 - 26.01.2004 Heinrich Fiedler GmbH & Co. Holding KG
Weidener Str. 9
D 93057 Regensburg
Ltd partnership with
priv. ltd. company
as general partner
BUSINESS
ACTIVITIES
Main industrial sector
17290 Manufacture of other articles of paper and
paperboard
96090 Other service activities n. e. c.
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information: We have no negative information at hand.
REAL
ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address
Weidener Str. 9
D 93057 Regensburg
Value at selling price: EUR 9,000,000.00
Land register documents were not available.
BANKERS
SPARKASSE REGENSBURG, 93042 REGENSBURG
Sort. code: 75050000
BIC: BYLADEM1RBG
COMMERZBANK REGENSBURG, 93047 REGENSBURG
Sort. code: 75040062
BIC: COBADEFFXXX
DEUTSCHE BANK, 93003 REGENSBURG
Sort. code: 75070013
BIC: DEUTDEMM750
COMMERZBANK VORMALS DRESDNER BANK, 93015
REGENSBURG
Sort. code: 75080003
BIC: DRESDEFF750
UNICREDIT BANK - HYPOVEREINSBANK, 93002
REGENSBURG
Sort. code: 75020073
BIC: HYVEDEMM447
BUNDESBANK, 93006 REGENSBURG
Sort. code: 75000000
BIC: MARKDEF1750
FINANCIAL
FIGURES
Financial year: 01.01. - 31.12.
Share capital: EUR 2,200,000.00
The number of employees is not known.
Control and profit transfer agreement to:
Andritz GmbH
Stephanopeler Str. 22
D 58675 Hemer
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.85 |
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1 |
INR 90.58 |
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Euro |
1 |
INR 79.97 |
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Euro |
1 |
INR 79.67 |
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
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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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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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.