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MIRA
INFORM REPORT
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Report No. : |
500865 |
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Report Date : |
30.03.2018 |
IDENTIFICATION DETAILS
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Name : |
SAUERESSIG GMBH + CO.KG |
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Registered Office : |
Gutenbergstr.
1-3 D 48691 Vreden |
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Country : |
Germany |
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Date of Incorporation : |
02.02.1953 |
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Com. Reg. No.: |
HRA 2299 |
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Legal Form : |
Ltd
partnership with priv. ltd. company as general partner |
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Line of Business : |
·
Manufacture of other general-purpose machinery ·
Manufacture of other special-purpose machinery |
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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 : |
Slow but Correct |
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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
Saueressig
GmbH + Co.KG
Company
Status: active
Gutenbergstr. 1-3
D 48691 Vreden
Telephone:02564/12-0
Telefax: 02564/12-420
Homepage:
www.saueressig.de
E-mail: mail@saueressig.de
VAT
no.: DE123787681
LEGAL
FORM Ltd partnership with priv. ltd. company as
general partner
Date
of foundation : 02.02.1953
Registered
on : 30.10.2003
Register
of companies : Local court 48653 Coesfeld
Under : HRA 2299
Total
cap. contribution:
EUR 3,000,000.00
Limited
partner:
Matthews International Holding GmbH
Gutenbergstr. 1-3
D 48691 Vreden
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 3,000,000.00
Registered on: 05.06.2012
Reg. data: 48653 Coesfeld,
HRB 13899
General
partner:
Saueressig
Geschäftsführungsgesellschaft mbH
Gutenbergstr. 1-3
D 48691 Vreden
Legal form: Private
limited company
Share capital: EUR 26,100.00
Registered on: 01.10.1974
Reg. data: 48653 Coesfeld,
HRB 3919
Shareholder:
Matthews International
Holding GmbH
Gutenbergstr. 1-3
D 48691 Vreden
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 26,100.00
Registered on: 05.06.2012
Reg. data: 48653 Coesfeld,
HRB 13899
Manager:
Dr. Tomas Sterkenburgh
D 46537 Dinslaken
having sole power of
representation
born: 02.05.1966
Profession: Businessman
Proxy:
Karl Heinz Rolvering
D 48691 Vreden
authorized to jointly
represent the company
born: 26.04.1964
Proxy:
Markus Pennekamp
Overbergstr. 6
D 48691 Vreden
authorized to jointly represent the
company
born: 01.03.1974
Proxy:
Helmut Weck
D 50667 Köln
authorized to jointly
represent the company
born: 02.03.1958
BUSINESS ACTIVITIES
Main
industrial sector
28290 Manufacture of other general-purpose
machinery
28990 Manufacture of other special-purpose
machinery n.e.c.
PARTICIPATIONS
Limited
partner:
SAUERESSIG FLEXO GmbH
& Co. KG
Gutenbergstr. 1-3
D 48691 Vreden
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 500,000.00
contribution:
Share: EUR 500,000.00
Reg. data: 12.12.2007
Local court
48653 Coesfeld
HRA 6023
Shareholder:
SAUERESSIG Design Studio
GmbH
Krefelder Str. 660
D 41066 Mönchengladbach
Legal form: Private
limited company
Company Status: active
Share capital: EUR 500,000.00
Share: EUR 500,000.00
Reg. data: 28.09.2004
Local court
41061
Mönchengladbach
HRB 10889
Shareholder:
SAUERESSIG FLEXO
Geschäftsführungs GmbH
Gutenbergstr. 1-3
D 48691 Vreden
Legal form: Private limited
company
Company Status: active
Share capital: EUR 25,200.00
Share: EUR 25,200.00
Reg. data: 16.06.2005
Local court
48653 Coesfeld
HRB 9710
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: proprietor
Share: 100.00 %
Address Gutenbergstr. 1 - 3
D 48691 Vreden
Size: 60,000.00 sq.m
Residential
floor 35,000.00 sq.m
space/
Usable floor
space:
Type
of ownership: proprietor
Share: 100.00 %
Address Krefelder Str. 660
D 41066 Mönchengladbach
Real
Estate of: Saueressig
Geschäftsführungsgesellschaft mbH
Type
of ownership: Tenant
Address Gutenbergstr. 1-3
D 48691 Vreden
Land
register documents were not available.
BANKERS
Principal
bank
SPARKASSE
WESTMÜNSTERLAND, 48686 VREDEN
Sort.
code: 40154530
BIC:
WELADE3WXXX
Further
banks
SPARKASSE
WESTMÜNSTERLAND, 46304 BORKEN
Sort.
code: 40154530
BIC:
WELADE3WXXX
SPARKASSE
MÜNSTERLAND OST, 48151 MÜNSTER
Sort.
code: 40050150
BIC:
WELADED1MST
FINANCIAL FIGURES
Financial
year: 01.10. - 30.09.
The
number of employees is not known.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.04 |
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1 |
INR 92.28 |
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Euro |
1 |
INR 80.62 |
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Euro |
1 |
INR 80.24 |
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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NIY |
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Report Prepared
by : |
DNS |
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.