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MIRA
INFORM REPORT
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Report No. : |
495665 |
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Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
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Name : |
VTI VENTIL TECHNIK GMBH |
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Registered Office : |
Iserlohner Landstr. 119 D 58706 Menden |
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Country : |
Germany |
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Date of Incorporation : |
18.06.1997 |
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Com. Reg. No.: |
HRB 5075 |
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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 economic 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, investment, and exports are likely to drive German GDP growth in
2018, and the country’s budget and trade surpluses are likely to remain high.
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Source
: CIA |
Company name and address
VTI VENTIL TECHNIK GMBH
Company Status: active
Iserlohner Landstr. 119
D 58706 Menden
Telephone:02373/9353
Telefax: 02373/935444
Homepage: www.vti.de
E-mail: info@vti.de
VAT no.: DE812334236
LEGAL FORM Private limited company
Date of foundation: 18.06.1997
Shareholders'
agreement: 18.06.1997
Registered on: 21.10.1997
Commercial Register: Local court 59821 Arnsberg
under: HRB 5075
Share capital: EUR 25,564.59
Shareholder:
Aalberts Industries (Deutschland) GmbH
Haldenstr. 27
D 45881 Gelsenkirchen
Legal form: Private limited company
Share capital: EUR 178,952.16
Share: EUR 25,564.59
Registered on: 11.11.1992
Reg. data: 45879 Gelsenkirchen, HRB 2504
Profit transfer agreement
Manager:
Bernhard Kiener
A Niederalm
having sole power of representation
born: 22.04.1982
Nationality: Austrian
Proxy:
Wolfgang Kreuger
Schwärmerweg 18a
D 44269 Dortmund
authorized to jointly represent the company
born: 03.12.1952
Profession: Fully qualified merchant
Property regime: Separation of property
Marital status: married
Proxy:
Karsten Klar
D 42489 Wülfrath
authorized to jointly represent the company
born: 25.07.1964
Profession: Businessman
Proxy:
Jörg Schmitz
D 58730 Fröndenberg
authorized to jointly represent the company
born: 25.10.1970
Further
functions/participations of Bernhard Kiener (Manager)
Manager:
VTI Automotive GmbH
Iserlohner Landstr. 119
D 58706 Menden
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 19.12.2011
Reg. data: 59821 Arnsberg, HRB 9828
COMPANY HISTORY
company name and legal form
18.06.1997 - 01.01.1998 VTI Ventil- und Armaturentechnik GmbH
Trinkausstr. 7
D 40213 Düsseldorf
Private limited company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
25.11.2011 - 21.12.2016 Manager
Holger Clemens Rohrer
Vorstadtstr. 3
D 79843 Löffingen
BUSINESS ACTIVITIES
Main industrial
sector
28140 Manufacture of taps and valves n.e.c.
46693 Wholesale of other equipment and accessories for machinery and technical supplies
71122 Engineering activities in the field of technical sectoral planning and engineering design
PARTICIPATIONS
Shareholder:
VTI Automotive GmbH
Iserlohner Landstr. 119
D 58706 Menden
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 19.12.2011
Local court 59821 Arnsberg
HRB 9828
FINANCIAL INFORMATION
Payment experience: within agreed terms
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 Iserlohner Landstr. 119
D 58706 Menden
Land register documents were not available.
BANKERS
COMMERZBANK, 58684 MENDEN (SAUERLAND)
Sort. code: 44540022, Account no.: 590282000
BIC: COBADEFFXXX, IBAN: DE35445400220590282000
DEUTSCHE BANK, 58682 MENDEN (SAUERLAND)
Sort. code: 44570004, Account no.: 428676100
BIC: DEUTDEDW445, IBAN: DE17445700040428676100
FINANCIAL FIGURES
Financial year: 01.01. - 31.12.
Share capital: EUR 25,564.59
The number of employees is not known.
Profit transfer agreement to:
Aalberts Industries (Deutschland) GmbH
Haldenstr. 27
D 45881 Gelsenkirchen
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.99 |
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1 |
INR 89.91 |
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Euro |
1 |
INR 80.21 |
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EURO |
1 |
INR 80.57 |
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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PRA |
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Report Prepared
by : |
SDA |
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.