MIRA INFORM
REPORT
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Report Date : |
29.06.2011 |
IDENTIFICATION DETAILS
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Name : |
MASCHINENBAU KOLK GMBH |
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Registered Office : |
Ickerottweg 7-11,
D 45665 Recklinghausen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
18.12.1982 |
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Com. Reg. No.: |
HRB 1462 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing of mining machinery |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
127,000 EUR |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually 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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Bottom of Form
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Company name & address
Maschinenbau Kolk
GmbH
Main address:
Ickerottweg 7-11
D 45665
Recklinghausen
Telephone: 02361/80010
Telefax: 02361/800140
Homepage: www.kolk.de
E-mail: info@kolk.de
VAT no.
DE126342025
Synthesis
LEGAL FORM Private
limited company
Date of foundation: 1982
Registered on: 18.12.1982
Commercial Register: Local court 45657 Recklinghausen
under: HRB
1462
Share capital: EUR 320,000.00
Shareholder
Peter Thielen
Portmannsweg 20
D 44388 Dortmund
born: 04.01.1955
Share: EUR 160,000.00
Shareholder:
Dieter Köhler
Paul-Gerhardt-Str.
14
D 59229 Ahlen
born: 29.09.1949
Share: EUR 160,000.00
Manager
Peter Thielen
Portmannsweg 20
D 44388 Dortmund
born: 04.01.1955
Profession:
Businessman
Manager:
Dieter Köhler
Paul-Gerhardt-Str.
14
D 59229 Ahlen
born: 29.09.1949
Profession:
Engineer
Proxy
Johannes Erfkemper
D 45699 Herten
COMPANY HISTORY
1982 - 20.11.1995 Passing VHE GmbH
Ickerottweg 7-11
D 45665 Recklinghausen
Private limited
company
BUSINESS ACTIVITIES
Sectors
28921
Manufacturing of mining machinery
28922
Manufacture of construction machinery
71122
Engineering activities in the field of technical sectoral planning
andengineering design
BRANCHES AND FACTORIES
Works:
Maschinenbau Kolk GmbH
Kanalstr. 25
D 44147 Dortmund
FINANCIAL INFORMATION
Payment experience: within 30 days
Negative information: We have no negative information at hand.
Maximum credit: 127,000
EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership: Tenant
Address Ickerottweg 7-11
D 45665 Recklinghausen
Type of ownership: Tenant
Address Kanalstr. 25
D 44147 Dortmund
Land register documents were not available.
BANKERS
DEUTSCHE BANK, GELSENKIRCHEN
Sort. code: 42070062, BIC: DEUTDEDE420
SPARKASSE VEST RECKLINGHAUSEN, RECKLINGHAUSEN,
WESTF
Sort. code: 42650150, BIC: WELADED1REK
FINANCIAL FIGURES
Gross profit or loss:2009 EUR 7,460,863.00
Profit:
2009 EUR -92,070.00
Employees:
110
- thereof permanent staff: 105
- Temporary workers: 5
BALANCE SHEETS
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 21.35
Liquidity ratio: 0.59
Return on total capital [%]: -2.17
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 18.91
Liquidity ratio:
0.79
Return on total capital [%]: 6.04
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 26.41
Liquidity ratio: 0.95
Return on total capital [%]: 4.00
Equity ratio
The equity ratio indicates the portion of the equity as compared to the total capital. The higher the equity ratio, the better the economic stability (solvency) and thus the financial autonomy of a company.
Liquidity ratio
The liquidity ratio shows the proportion between adjusted receivables and net liabilities. The higher the ratio, the lower the company's financial dependancy from external creditors.
Return on total
capital
The return on total capital shows the efficiency and return on the total capital employed in the company. The higher the return on total capital, the more economically does the company work with the invested capital.
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2009 - 31.12.2009
ASSETS EUR 4,245,494.69
Fixed
assets EUR 432,371.80
Intangible
assets EUR 20,269.00
Concessions, licences, rights
EUR 20,269.00
Tangible
assets EUR 240,446.17
Land /
similar rights EUR 14,723.00
Plant /
machinery EUR 39,127.51
Other
tangible assets / fixtures and
fittings EUR 186,595.66
Financial
assets EUR 171,656.63
Securities
included in fixed assets EUR 171,656.63
Current
assets EUR 3,801,753.89
Stocks EUR 2,474,217.62
Raw
materials, consumables and
supplies
EUR 759,017.15
Finished
goods / work in progress EUR 1,675,561.47
Advance
payments made EUR 39,639.00
Accounts
receivable EUR 1,318,489.03
Trade
debtors EUR 1,157,284.79
Other
debtors and assets EUR 161,204.24
Liquid
means EUR 9,047.24
Remaining
other assets EUR 11,369.00
Accruals
(assets) EUR 11,369.00
LIABILITIES EUR 4,245,494.69
Shareholders'
equity EUR 914,225.74
Capital EUR 320,000.00
Subscribed
capital (share capital) EUR 320,000.00
Balance
sheet profit/loss (+/-) EUR 594,225.74
Profit /
loss brought forward EUR 686,295.71
Annual
surplus / annual deficit EUR -92,069.97
Items between
shareholders' equity and
debt
capital
EUR 5,041.72
Allowances /
bonuses EUR 5,041.72
Provisions EUR 1,076,725.05
Pension
provisions and comparable
provisions
EUR 108,347.78
Provisions
for taxes EUR 127,877.88
Other /
unspecified provisions EUR 840,499.39
Liabilities EUR 2,249,502.18
Financial
debts EUR 459,825.99
Liabilities
due to banks EUR 459,825.99
Other
liabilities EUR 1,789,676.19
Trade
creditors (for IAS incl. bills
of
exchange)
EUR 299,088.73
Liabilities
from received advance
payments
EUR 720,000.00
Unspecified
other liabilities EUR 770,587.46
thereof
liabilities from tax /
financial
authorities EUR 169,592.64
thereof
liabilities from social
security EUR 9,235.15
Profit and loss account (cost-summary method)
according to Comm.
Code (HGB)
Gross result
(+/-) EUR 7,460,863.55
Staff
expenses EUR 5,571,347.37
Wages and
salaries EUR 4,654,866.32
Social
security contributions and
expenses for
pension plans and
benefits
EUR 916,481.05
Total
depreciation EUR 105,126.36
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 105,126.36
Other
operating expenses EUR 1,850,114.40
Operating
result from continuing
operations EUR -65,724.58
Interest
result (+/-) EUR -43,071.78
Interest and
similar income EUR 1,772.95
Interest and
similar expenses EUR 44,844.73
Other
financial result EUR 8,479.57
Income from
securities and loans from
financial
assets EUR 8,479.57
Financial
result (+/-) EUR -34,592.21
Result from
ordinary operations (+/-) EUR -100,316.79
Income tax /
refund of income tax (+/-)EUR
19,675.98
Other taxes /
refund of taxes EUR -11,429.16
Tax
(+/-)
EUR 8,246.82
Annual surplus
/ annual deficit EUR -92,069.97
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2008 - 31.12.2008
ASSETS EUR 5,237,991.35
Fixed
assets EUR 576,465.60
Intangible
assets EUR 39,251.00
Concessions, licences, rights
EUR 39,251.00
Tangible
assets EUR 308,424.13
Land /
similar rights EUR 16,024.00
Plant /
machinery EUR 67,528.51
Other
tangible assets / fixtures and
fittings
EUR 224,871.62
Financial
assets EUR
228,790.47
Securities
included in fixed assets EUR 228,790.47
Current
assets EUR 4,632,752.45
Stocks EUR 2,367,156.61
Raw
materials, consumables and
supplies
EUR 875,747.57
Finished
goods / work in progress EUR 1,487,809.04
Advance
payments made EUR 3,600.00
Accounts
receivable EUR 2,258,097.97
Trade
debtors EUR 2,167,378.88
Other
debtors and assets EUR 90,719.09
Liquid
means EUR 7,497.87
Remaining
other assets EUR 28,773.30
Accruals
(assets) EUR 28,773.30
LIABILITIES EUR 5,237,991.35
Shareholders'
equity EUR 1,006,295.71
Capital EUR
320,000.00
Subscribed
capital (share capital) EUR 320,000.00
Balance
sheet profit/loss (+/-) EUR 686,295.71
Profit /
loss brought forward EUR 371,213.43
Annual
surplus / annual deficit EUR 315,082.28
Items between
shareholders' equity and
debt
capital
EUR 10,086.72
Allowances /
bonuses EUR 10,086.72
Provisions EUR 1,338,011.01
Pension
provisions and comparable
provisions
EUR 111,492.44
Provisions
for taxes EUR 127,877.88
Other /
unspecified provisions EUR 1,098,640.69
Liabilities EUR 2,883,597.91
Financial
debts EUR 645,913.36
Liabilities
due to banks EUR 645,913.36
Other
liabilities EUR 2,237,684.55
Trade
creditors (for IAS incl. bills
of
exchange)
EUR 1,191,898.74
Liabilities
from received advance
payments
EUR 173,313.00
Unspecified
other liabilities EUR 872,472.81
thereof
liabilities from tax /
financial
authorities EUR 177,639.28
thereof
liabilities from social
security
EUR 4,930.66
Profit and loss account (cost-summary method)
according to Comm.
Code (HGB)
Gross result
(+/-) EUR 8,659,482.33
Staff
expenses EUR 6,039,126.57
Wages and
salaries EUR 5,096,767.07
Social security
contributions and
expenses for
pension plans and
benefits
EUR 942,359.50
Total
depreciation EUR 113,981.35
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 113,981.35
Other
operating expenses EUR 1,945,026.79
Operating
result from continuing
operations EUR 561,347.62
Interest result
(+/-) EUR -49,555.13
Interest and
similar income EUR 2,132.19
Interest and
similar expenses EUR 51,687.32
Other
financial result EUR 5,557.86
Income from
securities and loans from
financial
assets EUR 5,557.86
Financial
result (+/-) EUR -43,997.27
Result from
ordinary operations (+/-) EUR 517,350.35
Income tax /
refund of income tax (+/-)EUR
-190,768.92
Other taxes /
refund of taxes EUR -11,499.15
Tax
(+/-)
EUR -202,268.07
Annual
surplus / annual deficit EUR 315,082.28
There may have been some changes since our last research took place. Therefore, a freshly researched report will follow shortly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.05 |
|
UK Pound |
1 |
Rs.71.92 |
|
Euro |
1 |
Rs.64.37 |
RATING EXPLANATIONS
|
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 |
|
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 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.