MIRA INFORM REPORT

 

 

Report Date :

17.07.2013

 

IDENTIFICATION DETAILS

 

Name :

KHS CORPOPLAST GMBH

 

 

Registered Office :

Meiendorfer Str. 203, D 22145 Hamburg, Post Box 73 03 40, D 22123 Hamburg

 

 

Country :

Germany

 

 

Year of Establishments:

1974

 

 

Com. Reg. No.:

HRB 115595

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Agents involved in the sale of machines (except agricultural machinery and office machinery) and industrial  supplies, planning and engineering design

 

 

No. of Employees :

291

 

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 :

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 

 

KHS Corpoplast GmbH

 

Meiendorfer Str. 203

D 22145 Hamburg

Post Box: 73 03 40, D 22123 Hamburg

 

Telephone:        040/67907-0

Telefax:             040/67907-270

Homepage:        www.khscorpoplast.de

E-mail:              info@khs.com

 

 

VAT no.           

 

DE273956090

 

 

Company Status    

 

active

 

CONCLUSION

 

Business relations are permissible.

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         1974

Shareholders'

agreement:                    26.08.2010

Registered on:               19.10.2010

Commercial Register:     Local court 20355 Hamburg

under:                                       HRB 115595

Share capital:                 EUR         12,800,000.00

 

 

Shareholder

 

Klöckner PET-Technologie GmbH

Eisenhüttenstr. 99

D 38239 Salzgitter

Legal form: Private limited company

Share capital:     EUR             25,000.00

Share:             EUR         12,800,000.00

Registered on: 14.11.2011

Reg. data: 38100 Braunschweig, HRB 203269

Profit transfer agreement

 

Manager

 

Thomas Rupert Maria Karell

Buckhorn 45a

D 22359 Hamburg

born: 14.07.1962

 

Negative remark(s) regarding

Thomas Rupert Maria Karell

Debt collection monitoring:

Amount                last entry:

1                 15.07.2011

EUR                202.81

 

Manager:

                      Anke Bärbel Fischer

                      D 40210 Düsseldorf

                      authorized to jointly represent the company

                      born: 15.06.1965

                      Profession: Fully qualified merchant

 

Proxy

 

Rainer Timm

D 44137 Dortmund

authorized to jointly represent the company

born: 26.11.1959

 

Proxy:

                      Matthias Grunwald

                      D 20095 Hamburg

                      authorized to jointly represent the company

                      born: 03.01.1956

 Proxy:

                      Otto Herbert Krumeich

                      Eulenkrugstr. 111a

                      D 22359 Hamburg

                      authorized to jointly represent the company

                      born: 28.04.1954

 Proxy:

                      Frank Haesendonckx

                      D 22145 Hamburg

                      authorized to jointly represent the company

                      born: 05.11.1963

 

 

Further functions/participations of Thomas Rupert Maria Karell

(Manager)

 

 Manager:

                      KHS Corpoplast Verwaltungsgesellschaft mbH

                      Meiendorfer Str. 203

                      D 22145 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         14.03.2008

                      Reg. data:  20355 Hamburg, HRB 104586

 

 

Further functions/participations of Anke Bärbel Fischer (Manager)

Manager:

                      SEITZ ENZINGER Noll GmbH

                      Planiger Str. 139

                      D 55543 Bad Kreuznach

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         06.05.1987

                      Reg. data:  55543 Bad Kreuznach, HRB 2379

 Manager:

                      KHS GmbH

                      Juchostr. 20

                      D 44143 Dortmund

                      Post Box:

                      105026, D 44047 Dortmund

                      Legal form: Private limited company

                      Share capital:     EUR         28,262,400.00

                      Registered

                      on:         09.06.2010

                      Reg. data:  44135 Dortmund, HRB 23042

 Manager:

                      KHS Corpoplast Verwaltungsgesellschaft mbH

                      Meiendorfer Str. 203

                      D 22145 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         14.03.2008

                      Reg. data:  20355 Hamburg, HRB 104586

 Manager:

                      Holstein und Kappert GmbH

                      Juchostr. 20

                      D 44143 Dortmund

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         09.05.2000

                      Reg. data:  44135 Dortmund, HRB 14254

 

 

COMPANY HISTORY

 

 02.01.1975 - 28.09.2000  Krupp Corpoplast Maschinenbau

                          Gesellschaft mit beschränkter Haftung

                          Meiendorfer Str. 203

                          D 22145 Hamburg

                          Private limited company

 29.09.2000 - 26.12.2000  SIG Corpoplast GmbH (AG Hamburg, HRB

                          17075)

                          Meiendorfer Str. 203

                          D 22145 Hamburg

                          Private limited company

 26.12.2000 - 08.07.2008  SIG Corpoplast GmbH & Co. KG (bis

                          08.07.2008)

                          Meiendorfer Str. 203

                          D 22145 Hamburg

                          Ltd partnership with priv. ltd. company

                          as general partner

 08.07.2008 - 19.10.2010  KHS Corpoplast GmbH & Co. KG (bis

                          19.10.2010)

                          Meiendorfer Str. 203

                          D 22145 Hamburg

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 14.04.2011 - 10.10.2011  Manager

                          Marc Hartmann

                          D 40470 Düsseldorf

 03.12.2010 - 10.10.2011  Manager

                          Georg Michels

                          D 40210 Düsseldorf

 03.12.2010 - 10.10.2011  Manager

                          Prof. Dr. Ing. Matthias Niemeyer

                          D 30177 Hannover

 22.10.2010 - 10.10.2011  Manager

                          Prof. h.c. Dr. Johann Grabenweger

                          D 60327 Frankfurt

 22.10.2010 - 11.04.2011  Manager

                          Burkhard Becker

                          D 45529 Hattingen

 

 

BUSINESS ACTIVITIES

 

Sectors

2829    Manufacture of other general-purpose machinery n.e.c.

28990   Manufacture of other special-purpose machinery n.e.c.

46141   Agents involved in the sale of machines (except agricultural machinery and office machinery) and

industrial  supplies n.e.c. planning and engineering design

 

 

BRANCHES AND FACTORIES

 

Branch:

                      KHS Corpoplast GmbH

                      Helenenstr. 149

                      D 45143 Essen

                      TEL.: 0201/63300

                      FAX.: 0201/627321

 

 

FINANCIAL INFORMATION

 

Payment experience:     cash discount/within agreed terms

Negative information:      Negative information is known to us. We refer you to the legal form data.

 

 

REAL ESTATE

 

Type of ownership:         proprietor

Share:                           100.00 %

Address                        Meiendorfer Str. 203

                                    D 22145 Hamburg

 

Land register documents were not available.

 

 


BANKERS

 

Principal bank

COMMERZBANK VORMALS DRESDNER BANK, BIELEFELD

Sort. code: 48080020, BIC: DRESDEFF480

 

Further bank

COMMERZBANK VORMALS DRESDNER BANK, ESSEN, RUHR

Sort. code: 36080080, Account no.: 428356900, BIC: DRESDEFF360

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2011               EUR        120,000,000.00

 Share capital:                          EUR         12,800,000.00

 Equipment:                              EUR          2,310,000.00

 Ac/ts receivable:                       EUR          3,920,000.00

 Liabilities:                            EUR          6,160,000.00

 Employees:                                                    291

 - Trainees:                                                    11

 

Profit transfer agreement to:

Klöckner PET-Technologie GmbH

Eisenhüttenstr. 99

D 38239 Salzgitter

 

 The aforementioned business figures may partly be estimated information based on average values in the line of business.

 

 This company uses the possibility of release of the annual balance  sheet according to § 264 para. 3 HGB and is included in the  consolidated accounts of Salzgitter AG, Salzgitter.

 

 The following figures are of the group:

 

 Konzerneckdaten:                2012                 2011       

                             Mio.EUR              Mio.EUR       

 Net sales                   10.397,0              9.839,5       

 Annual surplus of the group  - 100,0                236,0       

 Receivables                  2.027,2              1.928,4       

 Liabilities                  1.394,3              1.217,4       

 Staff                         25.541               25.508       


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.59.39

UK Pound

1

Rs.89.90

Euro

1

Rs.77.23

 

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.