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Schumag AG
Nerscheider Weg 170
Phone: +49 2408120p:+49 2408120 AACHEN, 52076  Germany Ticker: SCMSCM
Filed for Insolvency on 10/9/2024
On 10/9/2024, the Management Board of Schumag AG filed an application with the Local Court - Insolvency Court - Aachen for the opening of Insolvency Proceedings under Self-Administration
By order dated 10/9/2024, the Local Court - Insolvency Court Aachen ordered Provisional Self-Administration Proceedings in accordance with the application
Lawyer Dr. Felix Claus Hopker from the law firm White & Case was appointed as the Supervisor of the Company
Business Summary
Schumag AG is a Germany-based engaged in machinery and precision mechanics manufacturer. The Company has three business segments: Precision Engineering, which produces automotive parts, components for precision measuring and indicating equipment, precision axles for a wide range of household appliances, components for medical and optical equipment, standard precision parts for injection molding and pressure die-casting as well as precision parts in small lot sizes manufactured according to the customers’ drawings; Plant Engineering, which consists of the production of components for the energy sector, in particular of oil and gas supply systems as well as power plants and nuclear power stations; Other segments, which is related to business activities that cannot be assigned to any other segment and include activities connected with the real property held as a financial investment.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/20239/30/2023Yes----

Industries
SIC Code Description
3451 Screw machine products
3452 Bolts, nuts, screws, rivets, and washers
3714 Motor vehicle parts and accessories

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Supervisory Board DirkDaniel 4/30/2019 4/13/2018
Chief Executive Officer, Member of the Management Board JohannesWienands 1/1/2021 12/1/2018
Deputy Chairman of the Supervisory Board Karl J.Libeaux 10/14/2019 4/13/2018
5 additional Officers and Directors records available in full report.

General Information
Number of Employees: 574 (As of 3/31/2023)
Outstanding Shares: 13,499,996 (As of 12/4/2023)
Shareholders: 518
Stock Exchange: DUS
Fax Number: +49 240812218


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Thursday, November 21, 2024