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Report Date : |
12.12.2012 |
IDENTIFICATION DETAILS
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Name : |
K + S KALI GMBH |
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Registered Office : |
Bertha-von-Suttner-Str. 7 D 34131 Kassel |
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Country : |
Germany |
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Date of Incorporation : |
24.02.1997 |
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Com. Reg. No.: |
HRB 7452 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Mining of chemical and fertilizer chemicals |
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No. of Employees : |
7,400 |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
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 declining 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 growth in 2006 and
2007 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 - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew
by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to
rebounding manufacturing orders and exports - increasingly outside the Euro
Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a
reflection of the worsening euro-zone financial crisis and the financial burden
it places on Germany as well as falling demand for German exports. Domestic
demand is therefore becoming a more significant driver of Germany's economic
expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax
revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. 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. 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 hopes to
replace nuclear power with renewable energy. Before the shutdown of the eight
reactors, Germany relied on nuclear power for 23% of its energy and 46% of its
base-load electrical production.
Source
: CIA
K + S Kali GmbH
Company Status: active
Bertha-von-Suttner-Str. 7
D 34131
Kassel
Telephone:0561/93010
Telefax: 0561/93011753
Homepage:
www.kalisalz.de
E-mail: kontakt@kalisalz.de
DE217311877
The company is considered solvent for credits within its scope of business.
LEGAL FORM Private limited company
Date of foundation: 24.02.1997
Begin of business
activities: 24.02.1997
Shareholders'
agreement: 24.02.1997
Registered on: 12.02.2001
Commercial Register: Local court
34117 Kassel
under: HRB 7452
EUR 121,000,000.00
K + S
Aktiengesellschaft
Bertha-von-Suttner-Str. 7
D 34131
Kassel
Post Box:
10 20 29
Legal form:
Public limited company
Share
capital: EUR 191,400,000.00
Share: EUR 121,000,000.00
Registered
on: 27.08.1971
Reg. data:
34117 Kassel, HRB 2669
Control and profit transfer agreement
Manager:
Dr. Ulrich
Lamp
Stadtpfad 10
D 34479
Breuna
born:
27.12.1954
Marital
status: married
Manager:
Ralf Diekmann
Georg-Büchner-Str. 1
D 31515
Wunstorf
authorized to
jointly represent the company
born:
25.08.1954
Manager:
Steffen Kirchhof
Schloßäckerstr. 20
D 34130
Kassel
born:
21.08.1967
Manager:
Dr. Ernst
Andres
D 34131
Kassel
authorized to
jointly represent the company
born:
18.09.1955
President of the
Supervisory Board:
Gerhard R.
Wolf
D 67547 Worms
Profession:
Fully qualified merchant
Vice-president of
the Supervisory Board:
Michael
Vassiliadis
Nedderfeldstr. 15
D 30451
Hannover
born:
13.03.1964
Profession:
Chemical laboratory technician
Marital
status: unknown
Member of the
Supervisory Board:
Dr. Ralf
Bethke
D 34117
Kassel
Profession:
Fully qualified merchant
Property
regime: Statutory matrimonial
property
regime
Marital
status: married
Member of the
Supervisory Board:
Dr. Ing.
Dietrich Böcker
D 50321 Brühl
Marital
status: married
Member of the
Supervisory Board:
Gerd Grimmig
Obere
Hamböhlstr. 13
D 34320
Söhrewald
Profession:
Fully qualified mining engineer
Marital
status: married
Member of the
Supervisory Board:
Manfred Freitag
D 34117
Kassel
Member of the
Supervisory Board:
Dieter
Thomaschewski
D 67063
Ludwigshafen
Member of the
Supervisory Board:
Helmut
Allenstein
D 34123
Kassel
Member of the
Supervisory Board:
Günter
Brandes
D 14169
Berlin
Member of the
Supervisory Board:
Axel Hartmann
D 36119
Neuhof
Member of the
Supervisory Board:
Wilfried
Franke
D 36266
Heringen
Profession:
Painter
Proxy:
Andreas
Goebel
Goethestr. 66
D 34119
Kassel
authorized to
jointly represent the company
born:
03.10.1947
Profession:
Lawyer
Marital
status: unknown
Proxy:
Michael Goetz
D 34117
Kassel
authorized to
jointly represent the company
born:
31.01.1973
Proxy:
Jürgen Kesper
Steinpfad 4
D 34519
Diemelsee
authorized to
jointly represent the company
born:
13.01.1966
Profession:
Fully qualified financial expert
Proxy:
Jörg
Bettenhausen
Kastanienstr.
4
D 34266 Niestetal
authorized to
jointly represent the company
born:
06.10.1964
Profession:
Fully qualified Economist
Proxy:
Matthias
Juettner
D 34117
Kassel
authorized to jointly represent
the company
Proxy:
Dr. Stefan
Dressel
D 34131
Kassel
authorized to
jointly represent the company
Proxy:
Christoph
Wehner
D 31195 Neuhof
authorized to
jointly represent the company
born:
07.04.1964
FURTHER
FUNCTIONS/PARTICIPATIONS OF DR. ULRICH LAMP (MANAGER)
Manager:
K+S
IT-Services GmbH
Ludwig-Erhard-Str. 6
D 34131
Kassel
Legal form:
Private limited company
Share
capital: EUR 5,050,000.00
Registered
on: 17.08.1999
Reg.
data: 34117 Kassel, HRB 7103
FURTHER
FUNCTIONS/PARTICIPATIONS OF RALF DIEKMANN (MANAGER)
Shareholder:
EWR
Bauträgergesellschaft mbH
Am Hafen 22
D 38112
Braunschweig
Legal form:
Private limited company
Share
capital: EUR 26,000.00
Share: EUR 26,000.00
Registered
on:
16.02.2007
Reg.
data: 38100 Braunschweig, HRB 200640
FURTHER
FUNCTIONS/PARTICIPATIONS OF STEFFEN KIRCHHOF (MANAGER)
Proxy:
K + S Salz
GmbH
Landschaftstr. 1
D 30159 Hannover
Legal form:
Private limited company
Share
capital: EUR 5,000,000.00
Registered
on: 06.11.2006
Reg.
data: 30175 Hannover, HRB 201123
24.03.1997 - 05.07.1999 Dritte
BASF Erwerbsgesellschaft mbH (HRB
4142)
Carl-Bosch-Str. 38
D 67063
Ludwigshafen
Private
limited company
06.07.1999 - 11.02.2001 Torf- und
Humuswerk Raubling GmbH (HRB
5513)
Gildenstr. 38
D 48157
Münster
Private
limited company
12.02.2001 - 18.10.2001 Torf- und
Humuswerk Raubling GmbH
Friedrich-Ebert-Str. 160
D 34119
Kassel
Private
limited company
19.10.2001 - 2001 K + S
Kali GmbH
Friedrich-Ebert-Str.
160
D 34119
Kassel
Private
limited company
Main industrial sector
08910 Mining of chemical and
fertilizer chemicals
370 Sewerage
46902 Non-specialized wholesale
of raw materials and half-finished and finished goods
6832 Management of real estate
on a fee or contract basis
Branch:
K + S Kali
GmbH
Tienberg 25
D 31515 Wunstorf
TEL.:
05031/104-1
FAX.:
05031/104-2407
Branch:
K + S Kali
GmbH
Farsleber
Str. 1
D 39326
Zielitz
TEL.:
039208/40
FAX.: 039208/42207
Branch:
K + S Kali
GmbH
Schachtstr.
D 36414
Unterbreizbach
Branch:
K + S Kali
GmbH
Hattorfer
Str.
D 36269
Philippsthal
TEL.:
06620/79-0
Branch:
K + S Kali
GmbH
Glückauf Str.
56
D 31319
Sehnde
TEL.:
05138/60840
Branch:
K + S Kali
GmbH
In der Aue 1
D 36266
Heringen
TEL.:
06624/810
FAX.:
06624/3011702
Limited partner:
3. K + S
Verwaltungs GmbH & Co. Erwerbs KG
Bertha-von-Suttner-Str. 7
D 34131
Kassel
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Company
Status: active
Total cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Reg.
data: 21.08.2003
Local court 34117 Kassel
HRA 16143
Shareholder:
Kali-Union
Verwaltungsgesellschaft mbH
Bertha-von-Suttner-Str. 7
D 34131
Kassel
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 800,000.00
Share: EUR 800,000.00
Reg.
data: 20.01.1977
Local
court 34117 Kassel
HRB 3027
Payment experience: cash
discount/within agreed terms
Negative information:We have no negative information at hand.
Type of ownership: Tenant
Address
Bertha-von-Suttner-Str. 7
D 34131
Kassel
Land register documents were not available.
Principal bank
DEUTSCHE BANK, KASSEL, HESS
Sort. code: 52070012, BIC: DEUTDEFF520
Financial
year: 01.01. - 31.12.
Turnover: 2010 EUR 1,494,800,000.00
2011 EUR 1,813,000,000.00
further
business figures:
Share
capital:
EUR 121,000,000.00
Equipment: EUR 44,400,000.00
Ac/ts
receivable:
EUR 226,334,000.00
Liabilities: EUR 54,549,000.00
Employees:
7,400
-
thereof permanent staff: 1,720
Control and profit transfer agreement to:
K + S
Aktiengesellschaft
Bertha-von-Suttner-Str. 7
D 34131
Kassel
Post Box:
10 20 29
The aforementioned business figures may partly be estimated
information based on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.32 |
|
|
1 |
Rs.87.36 |
|
Euro |
1 |
Rs.70.36 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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 |
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 |
|
-- |
NB |
New Business |
-- |
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.