MIRA
INFORM REPORT
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Report Date : |
05.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
KORSCH AG |
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Registered Office : |
Korsch Aktiengesellschaft,
Breitenbachstr 1-6, 13509 Berlin, Post Box:
27 04 34 |
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Country : |
Germany |
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Date of Incorporation : |
02.07.1998 |
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Com. Reg. No.: |
HRB 68159 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacture of machines for other
economic sectors n.e.c. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 250.000,00. |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME & ADDRESS
Korsch Aktiengesellschaft
Breitenbachstr. 1-6
13509 Berlin
Post Box: 27 04 34
Telephone: 030/435760
Telefax: 030/43576350
Homepage: www.korsch.de
E-Mail: berlin@korsch.de
VAT no
DE159338554
SOLVENCY RATING
2,2
CONCLUSION
The maximum credit is EUR 250.000,00.
Business relations are permissible.
LEGAL FORM
Public limited company
Date of foundation: 02.07.1998
Registered on: 22.09.1998
Commercial Register: Local court 14057 BERLIN-CHARLOTTENBURG
under: HRB
68159
Share capital: EUR 1.549.214,40
Shareholder
Eckard Strohscheer
Pfadfinderweg 29
13465 Berlin
born 19.07.1933
Share: 11,90 %
Shareholder:
Bettina Strohscheer-Mies
Mühlenfeldstr. 90
13467 Berlin
born: Strohscheer
born 13.05.1966
Share: 19,60 %
Shareholder:
Anke Strohscheer
Im Park 3
16567 Schönfließ
born 09.02.1966
Share: 19,60 %
Shareholder:
Stephan Mies
Mühlenfeldstr. 90
13467 Berlin
born 13.10.1961
Share: 19,60 %
Shareholder:
Christiane Strohscheer
Pfadfinderweg 29
13465 Berlin
Share: 19,60 %
Shareholder:
Frederic J. Murray
13509 Berlin
Share: 3,10 %
Shareholder:
Georg Andreas Bössenrodt
13509 Berlin
Share: 3,30 %
Shareholder:
Walter Hegel
13509 Berlin
Share: 3,30 %
President of the Board of Directors
Stephan Mies
Mühlenfeldstr. 90
13467 Berlin
having sole power of representation
born 13.10.1961
Occupation: graduate engineer
Marital status: married
spouse Bettina
Strohscheer-Mies
née: Strohscheer
born on 13.05.1966
President of the Supervisory Board:
Eckard Strohscheer
Pfadfinderweg 29
13465 Berlin
born 19.07.1933
Marital status: married
Member of the Supervisory Board
Bettina Strohscheer-Mies
Mühlenfeldstr. 90
13467 Berlin
born: Strohscheer
born 13.05.1966
Occupation: Businessman
Marital status: married
Member of the Supervisory Board:
Anke Strohscheer
Im Park 3
16567 Schönfließ
born 09.02.1966
Occupation: graduate engineer
Marital status: married
BUSINESS HISTORY
29.07.1993 Korsch Pressen GmbH
Breitenbachstr. 1
13509 Berlin
Private limited company
22.09.1998 Korsch Pressen
Aktiengesellschaft
Breitenbachstr. 1
13509 Berlin
Public limited company
BUSINESS ACTIVITIES
29564
Manufacture of machines for other
economic sectors n.e.c.
29240
MANUFACTURE OF MACHINES FOR
NON-SPECIFIED USE N.E.C.
51872
Wholesale of other machines (excl.
agricultural machines)
FINANCIAL INFORMATION
Solvency rating: 2,2
Payment experience: within agreed terms
REAL ESTATE
Type of ownership: Tenant
Address Breitenbachstr.
1-6
13509
Berlin
Private real estate
Name Stephan
Mies
Type of ownership: Tenant
Address Mühlenfeldstr.
90
13467
Berlin
Land register documents were not
available.
BANKERS
HSH NORDBANK HAMBURG, KIEL, KIEL
Sort. code: 21050000
COMMERZBANK BERLIN (WEST), BERLIN
Sort. code: 10040000
BAYER HYPO- UND VEREINSBANK, BERLIN
Sort. code: 10020890
FIGURES
Financial year: 01.01. - 31.12.
Turnover: 2006
EUR 18.044.420,00
2007 EUR
19.000.000,00
Share capital: EUR 1.549.214,40
Employees: 186
Approximate figures are given.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)