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Report Date : |
05.11.2012 |
IDENTIFICATION DETAILS
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Name : |
KWF PACKAGING GMBH |
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Registered Office : |
Werner-von-Siemens-Str. 14 D 91217 Hersbruck |
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Country : |
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Date of Incorporation : |
02.06.2010 |
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Com. Reg. No.: |
HRB 26582 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of other plastic products |
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No. of Employees : |
300 |
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RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
50,000 EUR |
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Status : |
Moderate |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
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
KWF Packaging GmbH
Company
Status: active
Werner-von-Siemens-Str. 14
D 91217 Hersbruck
Telephone:09151/7302-0
Telefax: 09151/7302-125
Homepage:
www.kwf-buchelt.de
E-mail: info@kwf-buchelt.de
DE271716101
LEGAL FORM Private
limited company
Date of
foundation: 02.06.2010
Shareholders'
agreement: 02.06.2010
Registered
on: 22.06.2010
Commercial
Register: Local court 90402 Nürnberg
under: HRB
26582
EUR 25,000.00
Jürgen Magnus
Tarbefeldlaan 14
B 1700 Dilbeek
born: 30.06.1957
Share: EUR 25,000.00
Manager:
Jürgen Magnus
Tarbefeldlaan 14
B 1700 Dilbeek
having sole power of
representation
born: 30.06.1957
Nationality: Belgian
FURTHER FUNCTIONS/PARTICIPATIONS OF JÜRGEN MAGNUS
(MANAGER)
Manager:
Blitz 10-171 UG
(haftungsbeschränkt)
Bavariaring 29
D 80336 München
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR 1,000.00
Registered
on: 18.08.2010
Reg. data: 80797 München, HRB 187362
Manager:
Metaplast Maschinenbau
Verwaltungsgesellschaft mbH
Dorfstr. 36
D 21481 Buchhorst
Legal form: Private
limited company
dissolved by
official decree
Share capital: EUR 25,564.59
Registered
on: 02.02.1998
Reg. data: 23568 Lübeck, HRB 906 SB
Manager:
Metaplast
Verwaltungsgesellschaft mbH
Dorfstr. 36
D 21481 Buchhorst
Legal form: Private
limited company
dissolved by
official decree
Share capital: EUR 25,564.60
Registered
on: 21.07.1997
Reg. data: 23568 Lübeck, HRB 870 SB
Manager:
Metafoil GmbH
Dorfstr. 36
D 21481 Buchhorst
Legal form: Private limited company
dissolved by
official decree
Share capital: EUR 25,000.00
Registered
on: 04.04.2003
Reg. data: 23568 Lübeck, HRB 1344 SB
Proxy:
CPI Continental Packaging
Industries AG
Gülzer Str. 30
D 19258 Boizenburg
Legal form: Public limited
company
Share capital: EUR
13,600,000.00
Registered
on: 19.04.2001
Reg. data: 19053 Schwerin, HRB 7227
22.06.2010 -
04.10.2012 KWF Buchelt GmbH
Werner-von-Siemens-Str.
14
D 91217 Hersbruck
Private limited
company
Sectors
2229 Manufacture of other plastic products
46693 Wholesale of other equipment and accessories
for machinery and technical supplies
46743 Wholes of metal and plastic goods for
construction purposes
4675 Wholesale of chemical products
Payment
experience: within periods customary in
this trade
Negative information:We
have no negative information at hand.
Maximum
credit: 50,000 EUR
Type of
ownership: Tenant
Address Werner-von-Siemens-Str. 14
D 91217 Hersbruck
Land register
documents were not available.
SPARKASSE
NÜRNBERG, HERSBRUCK
Sort. code:
76050101, BIC: SSKNDE77XXX
Financial
year: 01.01. - 31.12.
Turnover: 2011 EUR 61,500,000.00
Share capital: EUR 25,000.00
Equipment: EUR 2,100,000.00
Ac/ts
receivable:
EUR 2,799,500.00
Liabilities: EUR 4,800,000.00
Employees: 300
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.53.66 |
|
|
1 |
Rs.86.37 |
|
Euro |
1 |
Rs.69.24 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.