MIRA INFORM REPORT

 

 

Report Date :

03.12.2013

 

IDENTIFICATION DETAILS

 

Name :

KÖTTERMANN GMBH & CO.KG LABORTECHNIK

 

 

Registered Office :

Industriestr. 2-10 OT Hänigsen, D 31311 Uetze

 

 

Country :

Germany

 

 

Date of Incorporation :

20.05.1946

 

 

Com. Reg. No.:

HRA 21035

 

 

Legal Form :

Ltd Partnership With Priv. Ltd. Company as General Partner

 

 

Line of Business :

·         Manufacture of technical instruments and supplies for medical purposes n.e.c.

·         Wholesale of medical and orthopedic goods, dental and laboratory supplies

 

 

No. of Employees :

200

 

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, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 6.5% in 2012. GDP contracted 5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a reflection of low investment spending due to crisis-induced uncertainty and the decreased demand for German exports from recession-stricken periphery countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. 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 though the target was already reached in 2012. By 2014, the federal government wants to balance its budget. 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 electricity generating capacity and 46% of its base-load electricity production.

 

Source : CIA

 


Company name & address

 

KÖTTERMANN GMBH & CO.KG LABORTECHNIK

 

 Company Status:          active

                                    Industriestr. 2-10 OT Hänigsen

                                    D 31311 Uetze

                                    Telephone:        05147/9760

                                    Telefax:             05147/976-844

                                    Homepage:        www.koettermann.com

                                    E-mail:              info@koettermann.com

 

 Trade name:                 Köttermann Sysemlabor

 

 VAT no.:                      DE115051457

 

 

CONCLUSION

 

Business relations are permissible.

 

 

 LEGAL FORM              Ltd partnership with priv. ltd. company as general partner

 Date of foundation:        20.05.1946

 Begin of business

 activities:                      01.01.1956

 Registered on:              30.04.1956

 Register of

 companies:                  Local court 31134 Hildesheim

 under:                          HRA 21035

 

 Total cap. contribution:                EUR          7,846,189.17

 

 Limited partner:

                      Johannes Köttermann

                      Am Fließgraben 3

                      D 31311 Uetze

                      born: 08.03.1940

                      Share:             EUR          1,886,802.68

 Limited partner:

                      Dr.Pharm. Dieter Kochen

                      Wathlinger Str. 66

                      D 31311 Uetze

                      born: 18.03.1951

                      Share:             EUR          1,625,833.27

 Limited partner:

                      Dr. Rainer Kochen

                      Wathlinger Str. 68

                      D 31311 Uetze

                      born: 05.02.1947

                      Share:             EUR          1,582,055.90

 Limited partner:

                      Thomas Anderson

                      Am Fließgraben 5a

                      D 31311 Uetze

                      born: 22.12.1958

                      Share:             EUR          1,212,872.83

 Limited partner:

                      Doris Köttermann

                      E  Alicante

                      born: 12.04.1949

                      née: Köttermann

                      Share:             EUR            709,752.98

 Limited partner:

                      Stephan Kochen

                      Pflügerstr. 55

                      D 12047 Berlin

                      born: 22.06.1982

                      Share:             EUR            158,862.11

 Limited partner:

                      Dr. Julia Frisch

                      Rellinger Str. 26

                      D 20257 Hamburg

                      born: 19.02.1981

                      Share:             EUR            158,862.11

 Limited partner:

                      Anne Stupecky

                      In der Sandkaut 21

                      D 55435 Gau-Algesheim

                      born: 02.05.1979

                      Share:             EUR            158,862.11

 Limited partner:

                      Nina Verhoeven

                      Kaiserstr. 2

                      D 31311 Uetze

                      born: 22.06.1982

                      Share:             EUR            158,862.11

 Limited partner:

                      Dr. Dorle Vallender-Claussen

                      CH - Trogen

                      née: Claussen

                      Share:             EUR            138,048.81

 Limited partner:

                      Christian Köttermann

                      Pfeiffers Garten 20

                      D 30900 Wedemark

                      born: 29.07.1969

                      Share:             EUR             28,687.13

 Limited partner:

                      Angela Cording

                      An der Kirche 2

                      D 31311 Uetze

                      born: 30.11.1965

                      née: Köttermann

                      Share:             EUR             26,687.13

 General partner:

                      Köttermann & Kochen Gesellschaft mit

                      beschränkter Haftung

                      Industriestr. 2-10 OT Hänigsen

                      D 31311 Uetze

                      Legal form: Private limited company

                      Share capital:     EUR             30,000.00

                      Registered on: 13.11.1972

                      Reg. data: 31134 Hildesheim, HRB 22153

 

 Shareholder:

                      Dr.Pharm. Dieter Kochen

                      Wathlinger Str. 66

                      D 31311 Uetze

                      born: 18.03.1951

                      Share:             EUR              9,000.00

 Shareholder:

                      Johannes Köttermann

                      Am Fließgraben 3

                      D 31311 Uetze

                      born: 08.03.1940

                      Share:             EUR              7,260.00

 Shareholder:

                      Thomas Anderson

                      Am Fließgraben 5a

                      D 31311 Uetze

                      born: 22.12.1958

                      Share:             EUR              4,680.00

 Shareholder:

                      Doris Köttermann

                      E  Alicante

                      born: 12.04.1949

                      née: Köttermann

                      Share:             EUR              2,760.00

 Shareholder:

                      Stephan Kochen

                      Pflügerstr. 55

                      D 12047 Berlin

                      born: 22.06.1982

                      Share:             EUR              1,500.00

 Shareholder:

                      Dr. Julia Frisch

                      Rellinger Str. 26

                      D 20257 Hamburg

                      born: 19.02.1981

                      Share:             EUR              1,500.00

 Shareholder:

                      Anne Stupecky

                      In der Sandkaut 21

                      D 55435 Gau-Algesheim

                      born: 02.05.1979

                      Share:             EUR              1,500.00

 Shareholder:

                      Nina Verhoeven

                      Kaiserstr. 2

                      D 31311 Uetze

                      born: 22.06.1982

                      Share:             EUR              1,500.00

 Shareholder:

                      Katrin Indorf

                      Pastor-Wittkopf-Str. 9

                      D 29643 Neuenkirchen

                      born: 23.05.1964

                      née: Köttermann

                      Share:             EUR                100.00

 Shareholder:

                      Angela Cording

                      An der Kirche 2

                      D 31311 Uetze

                      born: 30.11.1965

                      née: Köttermann

                      Share:             EUR                100.00

 Shareholder:

                      Christian Köttermann

                      Pfeiffers Garten 20

                      D 30900 Wedemark

                      born: 29.07.1969

                      Share:             EUR                100.00

 Manager:

                      Ralf Waldau

                      Ahornweg 8

                      D 29364 Langlingen

                      having sole power of representation

 Proxy:

                      Andreas Abels

                      Seumestr. 8

                      D 30161 Hannover

                      authorized to jointly represent the company

                      born: 01.11.1961

 Proxy:

                      Uwe Bethmann

                      D 29221 Celle

                      authorized to jointly represent the company

 Proxy:

                      Jens Buchholz

                      D 31311 Uetze

                      authorized to jointly represent the company

                      born: 19.07.1971

 Proxy:

                      Jürgen Hies

                      D 31311 Uetze

                      authorized to jointly represent the company

                      born: 17.01.1961

 Proxy:

                      Andreas Berger

                      D 74889 Sinsheim

                      authorized to jointly represent the company

                      born: 01.10.1963

 Proxy:

                      Johann Löchel

                      D 44135 Dortmund

                      authorized to jointly represent the company

                      born: 02.06.1964

 Proxy:

                      Yvonne Rehbein

                      D 31311 Uetze

                      authorized to jointly represent the company

                      born: 20.11.1977

 

 

 COMPANY HISTORY

 

 30.04.1956 - 18.06.1961            J. Köttermann K.G. Fabrik für

                                                Laboratoriumsbedarf und Möbel

                                                D 31311 Uetze

                                                Limited partnership

 19.06.1961 - 16.01.1966            J. Köttermann KG, Fabrik für

                                                Laboratoriumsapparate und -möbel

                                                D 31311 Uetze

                                                Limited partnership

 17.01.1966 - 1972                     J. Köttermann KG, Fabrik für

                                                Laborapparate und -möbel

                                                D 31311 Uetze

                                                Limited partnership

 1972 - 31.12.2001                     Köttermann GmbH & Co. KG Fabri k für

                                                Laborapparate und -möbel AG Burgdorf /

                                                HRA 1035

                                                D 31311 Uetze

                                                Ltd partnership with priv. ltd. Company as general partner

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 32501    Manufacutre of technical instruments and supplies for medical purposesn.e.c.

 46462    Wholesale of medical and orthopedic goods, dental and laboratory supplies

 

 Companies with partner´s interest  in %:           

 - Köttermann Systemlabor SAS, St. Quentin, Fallavier,           

   France                                                                       ->  100%

 - Köttermann BVBA, Wijnegem, Belgium                        ->  100%

 - Köttermann Laboratorium Techniek B.V., Amsterdam,             

   Netherlands                                            ->  100%

 - Köttermann Limited, Bourne End, Great Britain              ->  100%

 - Köttermann GmbH, Wien, Austria                                ->  100%

 - Köttermann Systemlabor S.A. Madrid, Spain                 ->  100%

 - Köttermann AG, Gossau, Switzerland                           ->  100%

 - Köttermann-Sp. z.o.o.,Warschau, Poland                      ->  100%

 - Prutscher Laboratory System GmbH, Austria                 ->  100%

 

 

FINANCIAL INFORMATION

 

 Payment experience:    within agreed terms

 

 Negative information:     We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:         proprietor

 Share:                          100.00 %

 Address                       Industriestr. 2-10 OT Hänigsen

                                    D 31311 Uetze

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 COMMERZBANK, HANNOVER

 Sort. code: 25040066, BIC: COBADEFF250

 

 Further bank

 COMMERZBANK, LEHRTE B HANNOVER

 Sort. code: 25040066, Account no.: 20/29700, BIC: COBADEFF250

 

 

 FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2011                                       EUR         25,158,000.00

 Employees:                                                                         200

 - thereof permanent staff:                                                     200

 

 

The company exercises the option not to publish ist balance and is included in the annual financial statement of Köttermann & Kochen GmbH, Uetze-Hänigsen.

 

 Basic data of the group 2011:                                 EURO 

 Sales                                                               61.271.523

 Trade receivables                                               14.964.750

 Trade payables                                                    4.278.941

 Result from ordinary operations                           2.489.044

 Staff: 285                                                


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.23

UK Pound

1

Rs.102.14

Euro

1

Rs.84.64

 

 

INFORMATION DETAILS

 

Report Prepared by :

NNA

 

 

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.