MIRA INFORM REPORT

 

 

Report No. :

494566

Report Date :

27.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

SCHOTT TECHNICAL GLASS SOLUTIONS GMBH

 

 

Registered Office :

Otto-Schott-Str. 13 D 07745 Jena

 

 

Country :

Germany

 

 

Date of Incorporation :

18.07.2002

 

 

Com. Reg. No.:

HRB 209412

 

 

Legal Form :

Private limited company

 

 

Line of Business :
  • Manufacture of flat glass
  • Shaping and processing of flat glass
  • Wholesale of flat glass

 

 

No. of Employees :

390

 

 

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

Acceptable Risk

Business dealings permissible with moderate 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

(30.09.2017)

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 and address

 

SCHOTT Technical Glass Solutions GmbH

 

Otto-Schott-Str. 13

D 07745 Jena

Telephone:03641/6814600

Telefax:  03641/28889073

Homepage: www.schott.com/jena

E-mail:   info@schott.com

 

 

Company Status

 

Active

                     

 

CONCLUSION

 

 Business relations are permissible.

 

 

Company summery

 

 LEGAL FORM              Private limited company

 Date of foundation:      07.2002

 Begin of business

 activities:                                 30.06.2003

 Shareholders'

 agreement:                   18.07.2002

 Registered on:             16.10.2002

 Commercial Register:   Local court 07745 Jena

 under:                          HRB 209412

 

 Share capital:                          EUR          5,000,000.00

 

 Shareholder:

                      SCHOTT AG

                      Hattenbergstr. 10

                      D 55122 Mainz

                      Post Box:

                      24 80, D 55014 Mainz

                      Legal form: Public limited company

                      Share capital:     EUR        150,000,000.00

                      Share:             EUR          5,000,000.00

                      Registered on: 05.04.2004

                      Reg. data: 55116 Mainz, HRB 8555

                      Control and profit transfer agreement

 Manager:

                      Dr. Reiner Hans Mauch

                      D 55218 Ingelheim

                      born: 20.04.1961

 Proxy:

                      Christian Jabschinsky

                      Hügelstr. 6

                      D 07749 Jena

                      authorized to jointly represent the company

                      born: 11.05.1973

 Proxy:

                      Matthias Schmidt

                      Biberweg 17

                      D 07749 Jena

                      authorized to jointly represent the company

                      born: 01.07.1968

 Proxy:

                      Susanne Brückner

                      D 54298 Eisenach

                      authorized to jointly represent the company

                      born: 20.12.1970

 

 Further functions/participations of Dr. Reiner Hans Mauch

 (Manager)

 Manager:

                      SCHOTT JENAer GLAS GmbH

                      Otto-Schott-Str. 13

                      D 07745 Jena

                      Legal form: Private limited company

                      Share capital:     EUR         15,338,756.44

                      Registered

                      on:         10.07.1990

                      Reg. data:  07745 Jena, HRB 200169

 Proxy:

                      SCHOTT AG

                      Hattenbergstr. 10

                      D 55122 Mainz

                      Post Box:

                      24 80, D 55014 Mainz

                      Legal form: Public limited company

                      Share capital:     EUR        150,000,000.00

                      Registered

                      on:         05.04.2004

                      Reg. data:  55116 Mainz, HRB 8555

 

COMPANY HISTORY

 

company name and legal form

 18.07.2002 - 11.03.2009  Schott Displayglas Jena GmbH

                          Otto-Schott-Str. 13

                          D 07745 Jena

                          Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 18.10.2016 - 18.10.2017  Manager

                          Kai Olbricht

                          D 55122 Mainz

 06.11.2009 - 14.10.2016  Manager

                          Peter Helmut Fühles

                          Pestalozzistr. 15

                          D 55450 Langenlonsheim

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

23110   Manufacture of flat glass

23120   Shaping and processing of flat glass

46735   Wholesale of flat glass

 

 

BRANCHES AND FACTORIES

 

Works:

                      SCHOTT Technical Glass Solutions GmbH

                      Erich-Schott-Str. 14

                      D 95666 Mitterteich

                      TEL.: 09633/800

 

 

FINANCIAL INFORMATION

 

 Payment experience:    No Complaints

 

 Negative information:   We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Otto-Schott-Str. 13

                                    D 07745 Jena

 

 Land register documents were not available.

 

 

BANKERS

 

 COMMERZBANK, 07708 JENA

 Sort. code: 82040000

 BIC: COBADEFFXXX

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Share capital:                          EUR          5,000,000.00

 Employees:                                                    390

 - Trainees:                                                    10

 

 Control and profit transfer agreement to:

                      SCHOTT AG

                      Hattenbergstr. 10

                      D 55122 Mainz

                      Post Box:

                      24 80, D 55014 Mainz

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.66

UK Pound

1

INR 90.65

Euro

1

INR 79.70

Euro

1

INR 79.76

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIS

 

 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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