MIRA INFORM REPORT

 

 

Report Date :

22.09.2012

 

 

IDENTIFICATION DETAILS

 

Name :

KVT KURLBAUM GMBH

 

Registered Office :

 

Sachsenring 4 D 27711 Osterholz-Scharmbeck

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1986

 

 

Com. Reg. No.:

HRB 121025

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of metal forming machinery

 

 

No. of Employees :

40

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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

 

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

Company name and address

 

KVT Kurlbaum GmbH

 

Company Status:      active

                     Sachsenring 4

                     D 27711 Osterholz-Scharmbeck

                     Telephone:04795/93160

                     Telefax:  04795/931625

                     Homepage: www.kvt-group.de

                     E-mail:   info@kvt-group.de

 

 

VAT no.           

 

DE220500478

 

 

Registration data

 

LEGAL FORM               Private limited company

Date of foundation:       1986

Shareholders'

agreement:                    14.12.1990

Registered on:              09.12.1998

Commercial Register:    Local court 29664 Walsrode

under:                                       HRB 121025

 

 

Share capital                  

 

EUR             25,564.59

 

Shareholder

 

                     Günter Kurlbaum

                     An der Lieth 14

                     D 27711 Osterholz-Scharmbeck

                     born: 13.03.1941

                     Share:             EUR             25,564.59

Manager:

                     Günter Kurlbaum

                     An der Lieth 14

                     D 27711 Osterholz-Scharmbeck

                     born: 13.03.1941

                     Profession: Businessman

                     Marital status: married

Manager:

                     Heike Bielinski

                     Wernher-von-Braun-Str. 2

                     D 27711 Osterholz-Scharmbeck

                     having sole power of representation

                     born: 01.05.1971

 

FURTHER FUNCTIONS/PARTICIPATIONS OF GÜNTER KURLBAUM (MANAGER)

 

Limited partner:

                     Kurlbaum Betriebsverwaltungs GmbH & Co. KG

                     An der Lieth 14

                     D 27711 Osterholz-Scharmbeck

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Total cap.         EUR            260,000.00

                     contribution:

                     Share:             EUR             80,000.00

                     Registered

                     on:         02.06.1995

                     Reg. data:  29664 Walsrode, HRA 120993

Shareholder:

                     KVT Kurlbaum GmbH Valve Technology

                     An der Lieth 14

                     D 27711 Osterholz-Scharmbeck

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Share:             EUR             25,564.59

                     Registered

                     on:         30.03.1994

                     Reg. data:  29664 Walsrode, HRB 120874

Shareholder:

                     KVT Kurlbaum Vermögensverwaltungs GmbH

                     An der Lieth 14

                     D 27711 Osterholz-Scharmbeck

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Share:             EUR             16,000.00

                     Registered

                     on:         13.09.2001

                     Reg. data:  29664 Walsrode, HRB 121136

Manager:

                     KVT Kurlbaum GmbH Valve Technology

                     An der Lieth 14

                     D 27711 Osterholz-Scharmbeck

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         30.03.1994

                     Reg. data:  29664 Walsrode, HRB 120874

Manager:

                     KVT Kurlbaum Vermögensverwaltungs GmbH

                     An der Lieth 14

                     D 27711 Osterholz-Scharmbeck

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         13.09.2001

                     Reg. data:  29664 Walsrode, HRB 121136

 

FURTHER FUNCTIONS/PARTICIPATIONS OF HEIKE BIELINSKI (MANAGER)

 

Limited partner:

                     Kurlbaum Betriebsverwaltungs GmbH & Co. KG

                     An der Lieth 14

                     D 27711 Osterholz-Scharmbeck

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Total cap.         EUR            260,000.00

                     contribution:

                     Share:             EUR             35,000.00

                     Registered

                     on:         02.06.1995

                     Reg. data:  29664 Walsrode, HRA 120993

Limited partner:

                     Floraldesign GmbH & Co. KG

                     Schwachhauser Heerstr. 200

                     D 28213 Bremen

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Total cap.         EUR             12,500.00

                     contribution:

                     Share:             EUR             12,500.00

                     Registered

                     on:         20.06.2006

                     Reg. data:  28195 Bremen, HRA 24401 HB

Shareholder:

                     Floraldesign Verwaltungs GmbH

                     Schwachhauser Heerstr. 200

                     D 28213 Bremen

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Share:             EUR             12,500.00

                     Registered

                     on:         14.06.2006

                     Reg. data:  28195 Bremen, HRB 23635 HB

Shareholder:

                     KVT Kurlbaum Vermögensverwaltungs GmbH

                     An der Lieth 14

                     D 27711 Osterholz-Scharmbeck

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Share:             EUR              9,000.00

                     Registered

                     on:         13.09.2001

                     Reg. data:  29664 Walsrode, HRB 121136

Manager:

                     KVT Kurlbaum Vermögensverwaltungs GmbH

                     An der Lieth 14

                     D 27711 Osterholz-Scharmbeck

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         13.09.2001

                     Reg. data:  29664 Walsrode, HRB 121136

Manager:

                     Floraldesign Verwaltungs GmbH

                     Schwachhauser Heerstr. 200

                     D 28213 Bremen

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         14.06.2006

                     Reg. data:  28195 Bremen, HRB 23635 HB

 

 

COMPANY HISTORY

 

05.02.1991 - 09.12.1998  KVT Kurlbaum GmbH

                         Use Akschen 71/73

                         D 28237 Bremen

                         Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

26.06.2006 - 30.11.2009  Manager

                         Rainer Schwetzke

                         D 27711 Osterholz-Scharmbeck

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

28410   Manufacture of metal forming machinery

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Balance sheet year:  2010

 

 

REAL ESTATE

 

Type of ownership:   proprietor

Share:                100.00 %

Address              Sachsenring 4

                     D 27711 Osterholz-Scharmbeck

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK, BREMEN

Sort. code: 29040090, BIC: COBADEFF290

VOLKSBANK, OSTERHOLZ-SCHARMBECK

Sort. code: 29162394, BIC: GENODEF1OHZ

 

 

FINANCIAL FIGURES

 

Turnover:            2010               EUR          6,600,000.00

                     2011               EUR          4,600,000.00

further business figures:

Equipment:                              EUR            320,000.00

Ac/ts receivable:                       EUR            521,481.00

Liabilities:                            EUR            474,212.00

Employees:                                                     40

 

The aforementioned business figures may partly be estimated

information based on average values in the line of business.

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 84.33

Liquidity ratio:                  10.00

Return on total capital [%]:      11.75

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 75.75

Liquidity ratio:                  10.00

Return on total capital [%]:      20.48

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 60.95

Liquidity ratio:                  10.00

Return on total capital [%]:      20.15

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 62.52

Liquidity ratio:                  10.00

Return on total capital [%]:      15.23

 

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:      01.01.2010 - 31.12.2010

 

ASSETS                                  EUR          8,053,898.45

 Fixed assets                           EUR          1,421,103.22

  Intangible assets                     EUR              9,455.53

   Other / unspecified intangible assetsEUR              9,455.53

  Tangible assets                       EUR          1,411,647.69

   Other / unspecified tangible assets  EUR          1,411,647.69

 Current assets                         EUR          6,628,933.23

  Stocks                                EUR            396,792.59

  Accounts receivable                   EUR            521,481.14

   Other debtors and assets             EUR            521,481.14

  Liquid means                          EUR          5,710,659.50

 Remaining other assets                 EUR              3,862.00

  Accruals (assets)                     EUR              3,862.00

 

LIABILITIES                             EUR          8,053,898.45

 Shareholders' equity                   EUR          6,792,654.40

  Capital                               EUR             25,564.59

   Subscribed capital (share capital)   EUR             25,564.59

  Balance sheet profit/loss (+/-)       EUR          6,767,089.81

   Balance sheet profit / loss          EUR          6,767,089.81

 Provisions                             EUR            787,032.20

 Liabilities                            EUR            474,211.85

  Other liabilities                     EUR            474,211.85

   Unspecified other liabilities        EUR            474,211.85

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          7,716,245.31

 Fixed assets                           EUR          1,523,967.22

  Intangible assets                     EUR             11,701.53

   Other / unspecified intangible assetsEUR             11,701.53

  Tangible assets                       EUR          1,512,265.69

   Other / unspecified tangible assets  EUR          1,512,265.69

 Current assets                         EUR          6,186,677.09

  Stocks                                EUR            297,913.15

  Accounts receivable                   EUR            532,840.91

   Other debtors and assets             EUR            532,840.91

  Liquid means                          EUR          5,355,923.03

 Remaining other assets                 EUR              5,601.00

  Accruals (assets)                     EUR              5,601.00

 

LIABILITIES                             EUR          7,716,245.31

 Shareholders' equity                   EUR          5,846,689.93

  Capital                               EUR             25,564.59

   Subscribed capital (share capital)   EUR             25,564.59

  Balance sheet profit/loss (+/-)       EUR          5,821,125.34

   Balance sheet profit / loss          EUR          5,821,125.34

 Provisions                             EUR          1,028,561.32

 Liabilities                            EUR            840,994.06

  Other liabilities                     EUR            840,994.06

   Unspecified other liabilities        EUR            840,994.06

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.90

UK Pound

1

Rs.87.60

Euro

1

Rs.70.01

 

 

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%)

 

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.