MIRA INFORM REPORT

 

 

Report Date :

05.10.2007

 

IDENTIFICATION DETAILS

 

Name :

Kiefel GmbH

 

 

Registered Office :

Industriestr. 17-19, 83395 Freilassing, Post Box 3125

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

20.05.1955

 

 

Com. Reg. No.:

HRB 17655

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of metalworking machine tools

Wholesale of other machines (excl. agricultural machines)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 


name & address

 

Kiefel GmbH

Industriestr. 17-19

83395 Freilassing

Post Box:  3125

Telephone:        8654/78-0

Telefax:             8654/78-490

Homepage:        ww.kiefel.de

E-Mail:              iefel@kiefel.de

 

 

VAT no.

 

DE131558935

 

 

CONCLUSION

 

Business relations are permissible.

 

The company is considered solvent for credits within its scope of business.

 

 

LEGAL FORM 

 

Private limited company

 

 

Date of foundation

 

20.05.1955

 

 

Shareholders' agreement

 

02.04.2007

 

 

Registered on

 

20.04.2007

 

 

Commercial Register

 

Local court 83278 TRAUNSTEIN

 

 

Under

 

HRB 17655

 

 

Share capital

 

EUR          6.000.000,00

 

 

Shareholder

 

Kiefel Verwaltungs GmbH

Königsberger Str. 5-7

83313 Siegsdorf

Legal form: Private limited company

Share capital:     EUR         1.500.000,00

Share:                EUR          6.000.000,00

Reg. Data:  16.05.2007

HRB 17695

83278 TRAUNSTEIN

 

 

Manager

 

Thomas Halletz

Brückenweg 6

83329 Waging

authorized to jointly represent the company

born 02.02.1963

Occupation: Fully qualified engineer

 

 

Manager

 

Peter Auinger

A Eugendorf

authorized to jointly represent the company

born 05.11.1954

Occupation: graduate engineer

 

 

Manager

 

Anton Huber

Konrad-Seyde-Str. 13b Top 8

A 5301 Eugendorf

authorized to jointly represent the company

Nation.: Austrian

 

 

Proxy

 

Wolfgang Eglseer

Hochfellnstr. 6

83339 Chieming

authorized to jointly represent the company

born 30.07.1962

 

 

Proxy

 

Karl-Heinz Koschel

83367 Petting

authorized to jointly represent the company

born 30.11.1950

 

 

Proxy

 

Erwin Wabnig

83313 Siegsdorf

authorized to jointly represent the company

born 05.05.1960

 

 

Proxy

 

Thomas Lenz

83395 Freilassing

authorized to jointly represent the company

born 25.05.1957

 

 

Proxy

 

Peter Eisl

A Salzburg

authorized to jointly represent the company

born 07.12.1971

Nation.: Austrian

 

 

Proxy

 

Johann Haas

83395 Freilassing

authorized to jointly represent the company

born 11.12.1960

 

 

Further functions/participations of

Thomas Halletz (Manager)

 

Member of the Board of Directors:

MAFÜK Maschinenbau AG

Industriestr. 15-17

83395 Freilassing

Legal form: Public limited company

Share capital:     EUR             50.000,00

Reg. Data:  09.02.2006

HRB 16880

83278 TRAUNSTEIN

 

 

BUSINESS HISTORY

 

20.05.1955

Paul Kiefel GmbH

Industriestr. 17-19

83395 Freilassing

Private limited company

 

23.01.2001

Kiefel GmbH (AG Traunstein, HRB 111)

Industriestr. 17-19

83395 Freilassing

Private limited company

 

07.01.2003 

Kiefel AG (AG Traunstein HRB 14812)

Industriestr. 17-19

83395 Freilassing

Public limited company

 

 

BUSINESS ACTIVITIES

 

29420

Manufacture of metalworking machine tools

 

51872

Wholesale of other machines (excl. agricultural machines)

 

 

PARTICIPATION

 

Limited Partner:

Kiefel Verwaltungs GmbH & Co. Thermoform KG

Königsberger Str. 5-7

83313 Siegsdorf

Legal form: Ltd partnership with priv. ltd. Company as General partner

Total cap. contribution: EUR      100.000,00

Share:             EUR            100.000,00

Reg. Data:  10.04.2007

HRA 9474

83278 TRAUNSTEIN

 

Limited Partner:

Kiefel Verwaltungs GmbH & Co. Hochfrequenz KG

Königsberger Str. 5-7

83313 Siegsdorf

Legal form: Ltd partnership with priv. ltd. Company as General partner

Total cap. contribution: EUR      100.000,00

Share:             EUR            100.000,00

Reg. Data:  10.04.2007

HRA 9475

83278 TRAUNSTEIN

 

Shareholder:

Kiefel Extrusion GmbH

Cornelius-Heyl-Str. 49

67547 Worms

Legal form: Private limited company

Share capital:     EUR          2.200.000,00

Share:                EUR          2.200.000,00

Reg. Data:  28.06.1993

HRB 11386

55116 MAINZ

Turnover:          EUR         45.000.000,00

Employees:                               200

 

Shareholder:

Kiefel Technologies, Inc.

Scott Road

USA - Hampton/NH 03842

Legal form: Other legal form

Share capital:     USD            500.000,00

Share:             USD            500.000,00

Reg. Data:  01.01.2002

HRB 123

 

Shareholder:

Sarl Kiefel France

16 a 18, Route de Pontault

15, Parc d'Activites du Moulin

F 77690 Roissy en Brie

Legal form: Private limited company

Share capital:     EUR             60.800,00

Share:             EUR             60.800,00

 

Shareholder:

Kiefel Benelux BV

Arnsbergstraat

NL 7418 EZ Deventer

Legal form: Private limited company

Share capital:     EUR             15.882,31

Share:             EUR             15.882,31

 

 

FINANCIAL INFORMATION

 

Payment experience:  cash discount/within agreed terms

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Industriestr. 17 - 19

                                    83395 Freilassing

 

Land register documents were not available.

 

 

BANKERS

 

BAYER HYPO- UND VEREINSBANK, FREILASSING

Sort. code: 71020072, Account No: 3614425

 

SPARKASSE BERCHTESGADENER LAND, FREILASSING

Sort. code: 71050000, Account No: 189845

 

COMMERZBANK, ROSENHEIM, OBERBAY

Sort. code: 71140041, Account No: 6200810

 

DEUTSCHE BANK, BAD REICHENHALL

Sort. code: 70070010, Account No: 9820887

 

 

FIGURES

 

Financial year:               01.01. - 31.12.

Turnover:                       2005     EUR         54.371.546,00

Share capital:                            EUR           6.000.000,00

Value of stocks:                        EUR           2.753.205,00

Equipment:                                EUR              683.897,00

Ac/ts receivable:                       EUR         15.146.186,00

Liabilities:                                  EUR         14.174.608,00

Real estate of the firm:                           EUR                16.353,00

Employees:                               407

- Salaried employees:     235

- Workers:                                 172

Branch number:             29420 / 51872

 

Approximate figures are given.


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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 and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

 

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