|
Report Date : |
04.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
KMT GMBH |
|
|
|
|
Registered Office : |
Auf der Laukert 11 D 61231 Bad
Nauheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
20.05.2003 |
|
|
|
|
Com. Reg. No.: |
HRB 5829 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of other special-purpose machinery
n.e.c. |
|
|
|
|
No. of Employees : |
47 |
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 |
KMT GMBH
Company
Status: active
Auf der Laukert 11
D 61231 Bad Nauheim
Telephone:06032/9970
Telefax:
06032/997274
Homepage: www.kmt-waterjet.com
VAT no.: DE811461437
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 20.05.2003
Shareholders'
agreement: 20.05.2003
Registered on: 13.12.2005
Commercial Register: Local court 61169 Friedberg
under: HRB
5829
Share capital: EUR 4,000,000.00
Shareholder:
KMT WaterJet AB
S - Stockholm
Legal form: Other
legal form
Share: EUR 4,000,000.00
Manager:
Kevin McManus
D 61231 Bad Nauheim
having sole power of
representation
born: 28.01.1956
Proxy:
Bernd Schrum
D 65830 Kriftel
having sole power of
representation
born: 12.07.1962
Proxy:
Wolfgang Witt
D 61231 Bad Nauheim
born: 06.05.1955
Proxy:
Thorsten Holger Kilb
D 65510 Idstein
having sole power of
representation
born: 29.08.1971
02.10.2003 - 19.05.2004 OF-THE-SHELF 8. Verwaltungs GmbH
Alstertor 14
D 20095 Hamburg
Private limited
company
19.05.2004 - 21.05.2004 Karolin Machine Tool GmbH
Kehrwieder 12
D 20457 Hamburg
Private limited
company
21.05.2004 - 28.06.2005 KMT Waterjet Systems GmbH
Auf der Laukert 11
D 61231 Bad Nauheim
Private limited
company
10.08.2011 - 02.07.2012 Manager
Malin Jakobsson
S Smalandsstenar
07.09.2006 - 28.07.2011 Manager
Bernd Vollmer
D 61231 Bad Nauheim
Main
industrial sector
2899
Manufacture of other special-purpose machinery n.e.c.
46692
Wholesale of other machinery
Secondary
industrial sector
82999
Other business support service activities n. e. c.
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Auf
der Laukert 11
D 61231 Bad Nauheim
Land register documents were not available.
SEB MERCHANT BANKING, FRANKFURT AM MAIN
Sort. code: 51220200, Account no.: 30995004,
BIC: ESSEDEFFXXX
Turnover:
2011 EUR 23,980,000.00
2012 EUR 25,090,000.00
further business figures:
Equipment: EUR 138,642.00
Ac/ts receivable: EUR 6,530,257.00
Liabilities: EUR 2,231,436.00
Total numbers of vehicles: 2
-
Passenger cars:
2
Employees:
47
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 39.50
Liquidity ratio: 2.26
Return on total capital [%]: 4.87
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 52.68
Liquidity ratio: 4.62
Return on total capital [%]: 3.32
Balance
sheet ratios 01.01.2008 -
31.12.2008
Equity ratio [%]: -17.33
Return on total capital [%]: 19.64
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 29.56
Liquidity ratio: 1.37
Return on total capital [%]: 22.78
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 14,647,884.21
Fixed assets
EUR 4,944,281.56
Intangible assets
EUR 4,430,779.67
Concessions, licences, rights
EUR 423,274.67
Goodwill
EUR 4,007,505.00
Tangible assets
EUR 434,118.20
Land / similar rights
EUR 78,543.37
Plant / machinery
EUR 216,932.59
Other tangible assets / fixtures and
fittings
EUR 138,642.24
Financial assets
EUR 79,383.69
Shares in participations /
subsidiaries and the like
EUR 79,383.69
Shares in related companies
EUR 79,383.69
Current assets
EUR 9,648,022.05
Stocks EUR 2,830,117.15
Accounts receivable
EUR 6,530,257.25
thereof total due from shareholders
EUR 2,145,826.04
Trade debtors
EUR 3,758,667.53
Amounts due from related companies
EUR 2,496,934.99
Other debtors and assets
EUR 274,654.73
Liquid means
EUR 287,647.65
Remaining other assets
EUR 55,580.60
Accruals (assets)
EUR 55,580.60
LIABILITIES EUR 14,647,884.21
Shareholders' equity
EUR 6,242,005.87
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 1,379,564.00
Capital reserves
EUR 1,379,564.00
Balance sheet profit/loss (+/-)
EUR 4,837,441.87
Profit / loss brought forward
EUR 4,005,099.99
Annual surplus / annual deficit
EUR 832,341.88
Items between shareholders' equity and
debt capital
EUR 3,975,000.00
Mezzanine financing
EUR 3,975,000.00
Contributions for capital increase
EUR 3,975,000.00
Provisions
EUR 2,196,338.27
Provisions for taxes EUR 210,194.00
Other / unspecified provisions
EUR 1,986,144.27
Liabilities
EUR 2,231,436.07
thereof total due to shareholders
EUR 0.00
Other liabilities
EUR 2,231,436.07
Trade creditors (for IAS incl. bills
of exchange)
EUR 422,772.15
Liabilities from received advance
payments
EUR 168,942.05
Liabililties due to related companiesEUR 1,542,646.29
Unspecified other liabilities
EUR 97,075.58
thereof liabilities from social
security
EUR 1,359.58
Other liabilities
EUR 3,104.00
Deferred taxes (not included under
provisions/liabilities)
EUR 3,104.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 24,180,615.27
Other operating income
EUR 942,593.93
Cost of materials
EUR 14,928,252.57
Raw materials and supplies, purchased
goods EUR 14,791,842.63
Purchased services
EUR 136,409.94
Gross result (+/-)
EUR 10,194,956.63
Staff expenses
EUR 3,329,181.65
Wages and salaries
EUR 2,872,078.79
Social security contributions and
expenses for pension plans and
benefits
EUR 457,102.86
Total depreciation
EUR 804,869.62
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 804,869.62
Other operating expenses
EUR 5,076,153.70
Operating result from continuing
operations
EUR 984,751.66
Interest result (+/-)
EUR -94,538.86
Interest and similar income
EUR 3,365.22
Interest and similar expenses
EUR 97,904.08
thereof paid to related companies
EUR 97,474.00
Financial result (+/-)
EUR -94,538.86
Result from ordinary operations (+/-)
EUR 890,212.80
Extraordinary income
EUR 342,413.58
Extraordinary expenses
EUR 11,207.30
Extraordinary result (+/-)
EUR 331,206.28
Income tax / refund of income tax (+/-)EUR -383,694.20
Other taxes / refund of taxes
EUR -5,383.00
Tax (+/-)
EUR -389,077.20
Annual surplus / annual deficit
EUR 832,341.88
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 17,913,191.97
Fixed assets
EUR 5,486,782.84
Intangible assets
EUR 5,058,190.63
Concessions, licences, rights
EUR 533,593.63
Goodwill
EUR 4,524,597.00
Tangible assets
EUR 268,043.17
Land / similar rights
EUR 72,881.68
Plant / machinery
EUR 47,473.13
Other tangible assets / fixtures and
fittings
EUR 147,688.36
Financial assets
EUR 160,549.04
Shares in participations /
subsidiaries and the like EUR 13,107.11
Shares in related companies
EUR 13,107.11
Other / unspecified financial assets EUR 147,441.93
Current assets
EUR 12,397,857.96
Stocks
EUR 3,593,270.49
Accounts receivable
EUR 7,879,467.03
thereof total due from shareholders
EUR 2,276,196.20
Trade debtors
EUR 4,223,964.86
Amounts due from related companies
EUR 3,023,072.92
Other debtors and assets
EUR 632,429.25
Liquid means
EUR 925,120.44
Remaining other assets EUR 28,551.17
Accruals (assets)
EUR 28,551.17
LIABILITIES EUR 17,913,191.97
Shareholders' equity
EUR 7,709,663.99
Capital EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 1,379,564.00
Capital reserves
EUR 1,379,564.00
Balance sheet profit/loss (+/-)
EUR 6,305,099.99
Profit / loss brought forward
EUR 6,790,804.13
Annual surplus / annual deficit
EUR -485,704.14
Provisions
EUR 2,068,549.94
Pension provisions and comparable
provisions
EUR 171,130.00
Other / unspecified provisions
EUR 1,897,419.94
Liabilities
EUR 8,134,978.04
thereof total due to shareholders
EUR 5,995,913.67
Other liabilities
EUR 8,134,978.04
Trade creditors (for IAS incl. bills
of exchange)
EUR 360,534.74
Liabilities from received advance
payments
EUR 82,100.72
Liabililties due to related companiesEUR 7,544,354.64
Unspecified other liabilities
EUR 147,987.94
thereof liabilities from social
security
EUR 1,377.88
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 23,938,218.73
Other operating income
EUR 860,694.09
Cost of materials
EUR 14,558,026.34
Raw materials and supplies, purchased
goods
EUR 14,391,255.00
Purchased services
EUR 166,771.34
Gross result (+/-)
EUR 10,240,886.48
Staff expenses
EUR 4,146,535.35
Wages and salaries
EUR 3,352,738.21
Social security contributions and
expenses for pension plans and
benefits
EUR 793,797.14
Total depreciation
EUR 822,264.20
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 822,264.20
Other operating expenses
EUR 4,623,935.37
Operating result from continuing
operations
EUR 648,151.56
Interest result (+/-)
EUR -183,122.68
Interest and similar income
EUR 5,446.32
thereof from related companies
EUR 0.00
Interest and similar expenses
EUR 188,569.00
thereof paid to related companies
EUR 153,810.00
Financial result (+/-)
EUR -183,122.68
Result from ordinary operations (+/-)
EUR 465,028.88
Extraordinary expenses
EUR 921,070.64
Extraordinary result (+/-)
EUR -921,070.64
Income tax / refund of income tax (+/-)EUR -24,779.38
Other taxes / refund of taxes
EUR -4,883.00
Tax (+/-)
EUR -29,662.38
Annual
surplus / annual deficit EUR -485,704.14
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.57 |
|
|
1 |
Rs.86.15 |
|
Euro |
1 |
Rs.73.64 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.