MIRA INFORM REPORT

 

 

Report Date :

28.05.2012

 

IDENTIFICATION DETAILS

 

Name :

KRONOTEX GMBH & CO. KG

 

 

Registered Office :

Wittstocker Chaussee 1, D 16909 Heiligengrabe

 

 

Country :

Germany

 

 

Date of Incorporation :

20.12.1990

 

 

Com. Reg. No.:

HRA 1190 NP

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Manufacturers of veneer sheets and wood-based panels

 

 

No. of Employees :

211

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name

 

KRONOTEX GmbH & Co. KG

 

 

Company address

 

Wittstocker Chaussee 1

D 16909 Heiligengrabe

Telephone:033962/69-140

Telefax:  033962/69-282

Homepage: www.kronotex.com

 

 

VAT no

 

DE219154092

 

 

Tax ID number

 

052/157/00617

 

 

CONCLUSION

 

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

 

 

Synthesis

 

LEGAL FORM                           Ltd partnership with priv. ltd. company as

                                                general partner

Date of foundation:                  20.12.1990

Begin of business

activities:                                             01.08.2001

Registered on:                         01.08.2001

Register of

companies:                              Local court 16816 Neuruppin

under:                                                  HRA 1190 NP

Total cap. contribution:            EUR         10,000,000.00

 

Limited partner

 

Kronoply GmbH

Wittstocker Chaussee 1

D 16909 Heiligengrabe

Legal form: Private limited company

Share capital:     EUR         70,000,000.00

Share:             EUR         10,000,000.00

Registered on: 09.08.2001

Reg. data: 16816 Neuruppin, HRB 5935 NP

 

 

General partner

 

Kronotex Verwaltungs GmbH

Wittstocker Chaussee 1

D 16909 Heiligengrabe

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on: 08.09.2005

Reg. data: 16816 Neuruppin, HRB 7338 NP

 

 

Shareholder

 

Kronospan Schweiz AG

CH  Menznau

Legal form: Other legal form

Share:             EUR             25,000.00

 

 

Manager

 

Ingo Lehnhoff

St.-Petersburger-Str. 2

D 18311 Ribnitz-Damgarten

born: 11.09.1960

Manager:

Max von Tippelskirch

D 20095 Hamburg

born: 01.04.1975

Profession: Businessman

Marital status: unknown

 

Proxy

 

Axel Siebert

Ahornallee 19

D 17207 Röbel

authorized to jointly represent the company

born: 04.10.1966

Profession: Businessman

Marital status: unknown

 

Proxy:

                     Iwona Ramelow

                     D 19395 Ganzlin

                     authorized to jointly represent the company

                     born: 12.03.1962

                     Profession: Businessman

                     Marital status: unknown

Proxy:

                     Axel Siebert

                     Ahornallee 19

                     D 17207 Röbel

                     authorized to jointly represent the company

                     born: 04.10.1966

                     Profession: Businessman

                     Marital status: unknown

Proxy:

                     Iwona Ramelow

                     D 19395 Ganzlin

                     authorized to jointly represent the company

                     born: 12.03.1962

                     Profession: Businessman

                     Marital status: unknown

Proxy:

                     David James Hussey

                     D 10115 Berlin

                     authorized to jointly represent the company

                     born: 31.10.1974

 

Further functions/participations of Kronotex Verwaltungs GmbH

 

(General partner)

 

General partner:

                     Kronotex Beteiligungen GmbH & Co. KG

                     Wittstocker Chaussee 1

                     D 16909 Heiligengrabe

                     Legal form: Ltd partnership with priv. ltd.

                     company as general partner

                     dissolved

                     Total cap.         EUR              5,000.00

                     contribution:

                     Registered

                     on:         10.11.2005

                     Reg. data:  16816 Neuruppin, HRA 1592 NP

 

 

COMPANY HISTORY

 

20.12.1990 - 30.08.2000  KRONOTEX GmbH Holz- und

                         Kunstharzwerkstoffe Export Import (AG

                         Neuruppin,HRB 1326)

                         Wittstocker Chaussee 1

                         D 16909 Heiligengrabe

                         Private limited company

 

31.08.2000 - 22.08.2001  KRONOTEX GmbH

                         Wittstocker Chaussee 1

                         D 16909 Heiligengrabe

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

16210   Manufacture of veneer sheets and wood-based panels

46733   Wholesale of other wooden semi-finished goods and construction materials

 

Secondary industrial sector

96090   Other service activities n. e. c.

 

 

FINANCIAL INFORMATION

 

Payment experience:              cash discount/within agreed terms

 

Negative information:  We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:      Tenant

Address                        Wittstocker Chaussee 1

                                    D 16909 Heiligengrabe

 

Real Estate of:             Kronotex Verwaltungs GmbH

Type of ownership:      Tenant

Address                        Wittstocker Chaussee 1

                                    D 16909 Heiligengrabe

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

COMMERZBANK BERLIN OST, BERLIN

Sort. code: 12040000, BIC: COBADEBB120

 

Further banks

DEUTSCHE BANK FIL BERLIN, BERLIN

Sort. code: 10070000, BIC: DEUTDEBBXXX

 

COMMERZBANK BERLIN (WEST), BERLIN

Sort. code: 10040000, BIC: COBADEBBXXX

 

 

FINANCIAL FIGURES

 

Financial year:      01.10. - 30.09.

Turnover:            2010/2011          EUR         31,861,000.00

Equipment:                              EUR          2,067,500.00

Ac/ts receivable:                       EUR          2,785,000.00

Liabilities:                           EUR          5,570,000.00

Real estate of the firm:                EUR         10,000,000.00

Employees:                                                    211

 

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.55.73

UK Pound

1

Rs.87.26

Euro

1

Rs.69.89

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.