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MIRA
INFORM REPORT
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Report No. : |
499002 |
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Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
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Name : |
SOLARWORLD INDUSTRIES GMBH |
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Registered Office : |
Martin-Luther-King-Str.
24, D 53175 Bonn |
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Country : |
Germany |
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Date of Incorporation : |
26.07.2017 |
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Com. Reg. No.: |
HRB
23089 |
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Legal Form : |
Private
limited company |
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Line of Business : |
·
Manufacture of solar cells and modules ·
Wholesale of other equipment and accessories for
machinery and technical supplies |
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No. of Employees : |
475 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 company
Report
on: SolarWorld Industries GmbH
Martin-Luther-King-Str.
24
D
53175 Bonn
Telephone:0228/559200
Telefax: 0228/5592099
Homepage:
www.solarworld.de
E-mail: service@solarworld.com
Company
Status: active
Company summery
LEGAL
FORM Private limited company
Date
of foundation: 26.07.2017
Shareholders'
agreement: 26.07.2017
Registered
on: 28.07.2017
Commercial
Register: Local court 53111 Bonn
under: HRB
23089
Share
capital:
EUR 25,000.00
Shareholder:
Solar Holding
Beteiligungsgesellschaft mbH
Kölner Str. 9
D 53424 Remagen
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Share: EUR 12,750.00
Registered on: 11.04.2017
Reg. data: 56068 Koblenz, HRB 25596
Shareholder:
"Qatar Solar
Technologies Q.S.C. "
Q Dohar
Legal form: Other legal
form
Share: EUR 12,250.00
Manager:
Dr. E.h. Frank Heinz
Hermann Asbeck
Am Büchel 55
D 53173 Bonn
having sole power of
representation
born: 11.08.1959 in Hagen
Profession: Engineer
Marital status: married
Proxy:
Holger Reetz
Uckermarkstr. 46a
D 12621 Berlin
authorized to jointly
represent the company
born: 28.10.1964
Proxy:
Steffen Schmidt
D 53115 Bonn
authorized to jointly
represent the company
born: 27.02.1978
Profession: Businessman
Marital status: unknown
Proxy:
Klaus Kubitz
Langenbeckstr. 17a
D 12623 Berlin
authorized to jointly
represent the company
born: 22.03.1958
Proxy:
Arndt Blanke
D 53773 Hennef
authorized to jointly
represent the company
born: 18.05.1971
Proxy:
René Lange
D 53757 Sankt Augustin
authorized to jointly
represent the company
born: 21.01.1975
Proxy:
Daniel Menzel
D 01705 Freital
authorized to jointly
represent the company
born: 17.05.1979
Proxy:
Holger Neuhaus
D 71691 Freiberg
authorized to jointly
represent the company
born: 26.10.1971
Proxy:
Angela Wurst
D 99334 Amt Wachsenburg
authorized to jointly
represent the company
born: 15.11.1963
Proxy:
Markus Hund
D 53879 Euskirchen
authorized to jointly represent
the company
born: 01.07.1983
Further
functions/participations of Dr. E.h. Frank Heinz Hermann
Asbeck
(Manager)
Proprietor:
Dr. Ing. E. h. Frank
Asbeck Ingenieurbüro
für Industrieanlagen e. K.
Kölner Str. 9
D 53424 Remagen
Legal form: Sole
proprietorship
Registered
on: 17.02.1989
Reg. data: 56068 Koblenz, HRA 21883
General
partner:
Villa Cahn KG
Am Büchel 55
D 53173 Bonn
Legal form: Limited
partnership
Total cap. EUR 9,998.00
contribution:
Registered
on: 20.07.2012
Reg. data: 53111 Bonn, HRA 7995
Limited
partner:
Asbeck Konzert- und Ballhaus
Tivoli GmbH &
Co. KG
Bornheimer Str. 24
D 53111 Bonn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 345,000.00
contribution:
Share: EUR 345,000.00
Registered
on: 18.02.2002
Reg. data:
53111 Bonn, HRA 4873
Shareholder:
Solar Holding
Beteiligungsgesellschaft mbH
Kölner Str. 9
D 53424 Remagen
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Share: EUR 519,998.00
Registered
on: 11.04.2017
Reg. data: 56068 Koblenz, HRB 25596
Shareholder:
Tivoli
Verwaltungsgesellschaft mbH
Bornheimer Str. 24
D 53111 Bonn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 04.12.2001
Reg. data: 53111 Bonn, HRB 9685
Manager:
SolarWorld Industries Thüringen
GmbH
Robert-Bosch-Str. 1
D 99310 Arnstadt
Legal form: Private
limited company
insolvent
Share capital: EUR 25,000.00
Registered
on: 22.05.2014
Reg. data: 07745 Jena, HRB 510228
Manager:
Tivoli Betriebs GmbH
Dr.-Külz-Str. 3
D 09599 Freiberg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 08.04.2002
Reg. data: 09112 Chemnitz, HRB 19658
Manager:
Tivoli
Verwaltungsgesellschaft mbH
Bornheimer Str. 24
D 53111 Bonn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 04.12.2001
Reg. data: 53111 Bonn, HRB 9685
Manager:
Solar Holding
Beteiligungsgesellschaft mbH
Kölner Str. 9
D 53424 Remagen
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered
on: 11.04.2017
Reg. data: 56068 Koblenz, HRB 25596
Manager:
Eifelstrom GmbH
Kölner Str. 9
D 53424 Remagen
Legal form: Private
limited company
Share capital: EUR
25,000.00
Registered
on: 16.02.2017
Reg. data: 56068 Koblenz, HRB 25532
Manager:
CCB Besitzgesellschaft mbH
Bornheimer Str. 24
D 53111 Bonn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 22.03.2016
Reg. data: 53111 Bonn, HRB 22160
Manager:
Solarparc Vilshofen GmbH
Karl-Legien-Str. 188
D 53117 Bonn
Legal form: Private
limited company
Share capital: EUR
25,000.00
Registered
on: 14.02.2007
Reg. data: 53111 Bonn, HRB 15205
Shareholder:
SolarWorld
Aktiengesellschaft
Karl-Legien-Str. 188
D 53117 Bonn
Legal form: Public limited
company insolvent
Share capital: EUR
14,896,000.00
Share: 20.850 %
Registered
on: 26.03.1999
Reg. data: 53111 Bonn, HRB 8319
President
of the Board of Directors:
SolarWorld
Aktiengesellschaft
Karl-Legien-Str. 188
D 53117 Bonn
Legal form: Public limited company
insolvent
Share capital: EUR
14,896,000.00
Registered
on: 26.03.1999
Reg. data: 53111 Bonn, HRB 8319
COMPANY HISTORY
company
name and legal form
28.07.2017
- 09.08.2017 SolarWorld Industries GmbH
Bornheimer Str. 24
D 53111 Bonn
Private limited
company
BUSINESS ACTIVITIES
Main
industrial sector
26111 Manufacture of solar cells and modules
46693 Wholesale of other equipment and accessories
for machinery and technical supplies
FINANCIAL INFORMATION
Payment
experience: within periods customary in
this trade
Negative
information:We have no negative information at hand.
REAL ESTATE
Type
of ownership: Tenant
Address Martin-Luther-King-Str. 24
D 53175 Bonn
Real
Estate of: Dr. E.h. Frank Heinz
Hermann Asbeck
Type
of ownership: proprietor
Share: 100.00 %
Address Poppelsdorfer Allee 64
D 53115 Bonn
Real
Estate of: Dr. E.h. Frank Heinz
Hermann Asbeck
Type
of ownership: proprietor
Share: 100.00 %
Address Am Fronhof 9
D 53177 Bonn
Real
Estate of: Dr. E.h. Frank Heinz
Hermann Asbeck
Type
of ownership: proprietor
Share: 100.00 %
Address Am Büchel 55
D 53173 Bonn
Land
register documents were not available.
BANKERS
Principal
bank
DEUTSCHE
BANK, 53004 BONN
Sort.
code: 38070059
BIC:
DEUTDEDK380
FINANCIAL FIGURES
Financial
year: 28.07. - 31.12.
Share
capital:
EUR 25,000.00
Employees: 475
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.20 |
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|
1 |
INR 91.49 |
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Euro |
1 |
INR 80.46 |
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Euro |
1 |
INR 80.37 |
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 : |
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
·
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.