|
Report Date : |
20.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
KELLER & KALMBACH GESELLSCHAFTMBH |
|
|
|
|
Registered Office : |
Siemensstr. 19, D 85716 Unterschleißheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.10.2011 |
|
|
|
|
Date of Incorporation : |
05.07.1878 |
|
|
|
|
Com. Reg. No.: |
HRB 54200 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of tools and hardware |
|
|
|
|
No. of Employees : |
650 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 (31.03.2012) |
Current Rating (30.06.2012) |
|
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 |
Keller & Kalmbach GesellschaftmbH
Siemensstr. 19
D 85716 Unterschleißheim
Telephone:089/8395-0
Telefax:
089/8395-267
Homepage: www.keller-kalmbach.com
E-mail:
info@keller-kalmbach.com
DE811180359
Business relations are permissible. The
company is considered solvent for credits within its scope of business.
LEGAL FORM Private limited company
Date of foundation: 05.07.1878
Shareholders'
agreement: 01.09.1977
Registered on: 28.10.1977
Commercial Register: Local court 80333 München
under: HRB
54200
Share capital: EUR 11,880,000.00
Keller & Kalmbach
Beteiligungsgesellschaft
KG
Siemensstr. 19
D 85716 Unterschleißheim
Legal form: Limited partnership
Total cap. EUR 1,166,840.00
contribution:
Share: EUR 11,880,000.00
Registered on: 14.12.1970
Reg. data: 80333 München, HRA 49577
Dr.M.A.
Florian Seidl
Kaulbachstr. 6
D 80539 München
having sole power of representation
born: 05.09.1948
Profession: Businessman
Marital status: married
Manager:
Rudolf Karl
D 80333 München
born: 08.09.1963
Manager:
Thomas Obermeyer
D 74626 Bretzfeld
born: 24.04.1968
Manager:
Holger Schmidt
Im Schulwäldchen 35
D 57572 Niederfischbach
born: 08.03.1970
Marital status: married
Gabriele Reitze
D 81245 München
authorized to jointly represent the
company
born: 27.08.1954
Proxy:
Siegfried Spitzer
D 93102 Pfatter
authorized to jointly
represent the company
Proxy:
Erwin Bayerl
D 85276 Pfaffenhofen
authorized to jointly
represent the company
Proxy:
Michael Zimanis
D 80333 München
authorized to jointly
represent the company
born: 16.04.1966
Proxy:
Joachim Pfahler
D 85716 Unterschleißheim
authorized to jointly
represent the company
born: 15.07.1963
Proxy:
Andreas Hälbig
D 80331 München
authorized to jointly
represent the company
born: 20.03.1967
Proxy:
Holger Reinhardt
D 82256 Fürstenfeldbruck
authorized to jointly represent the
company
born: 17.12.1968
Proxy:
André Kranz
D 80331 München
authorized to jointly
represent the company
born: 22.11.1970
Proxy:
Falko Paul
D 84561 Mehring
authorized to jointly
represent the company
born: 19.07.1963
Further functions/participations
of Dr.M.A. Florian Seidl
(Manager)
General partner:
Keller & Kalmbach
Beteiligungsgesellschaft
KG
Siemensstr. 19
D 85716 Unterschleißheim
Legal form: Limited
partnership
Total cap. EUR 1,166,840.00
contribution:
Registered
on: 14.12.1970
Reg. data: 80333 München, HRA 49577
Limited partner:
Koblin & Seidl GmbH
& Co.
Vermögensverwaltung KG
Schwanthalerstr. 14
D 80336 München
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 4,090,335.00
contribution:
Share: EUR 3,067,751.00
Registered
on: 04.09.1987
Reg. data: 80333 München, HRA 64984
Shareholder:
Literatur Handlung GmbH R
& S
Fürstenstr. 17
D 80333 München
Legal form: Private
limited company
Share capital: EUR 117,597.14
Share: EUR 16,872.63
Registered
on: 31.03.1982
Reg. data: 80333 München, HRB 68234
Shareholder:
Kehayoff
Verlagsbuchhandlung GmbH
Steinstr. 11
D 81667 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on: 02.10.2002
Reg. data: 80333 München, HRB 144593
Shareholder:
Koblin & Seidl GmbH
Schwanthalerstr. 14
D 80336 München
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 1,800.00
Registered
on: 15.06.1987
Reg. data: 80333 München, HRB 81770
Manager:
Keller & Kalmbach
Widex GmbH
Benediktusstr. 82
D 40549 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 1,800,000.00
Registered
on: 21.06.1948
Reg. data: 40227 Düsseldorf, HRB 274
Manager:
Keller & Kalmbach
Industrie- und
Handelsvertretungen GmbH
Siemensstr. 19
D 85716 Unterschleißheim
Legal form: Private
limited company dormant
Share capital: EUR 25,564.59
Registered
on: 20.05.1998
Reg. data: 80333 München, HRB 120661
Manager:
Koblin & Seidl GmbH
Schwanthalerstr. 14
D 80336 München
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 15.06.1987
Reg. data: 80333 München, HRB 81770
President
of the Board of Directors:
Kunstverein München e.V.
Galeriestr. 4
D 80539 München
Legal form: Registered
association
Registered
on: 07.02.1972
Reg. data: 80333 München, VR 6514
President of the Board of Directors:
Fachverband des
Schrauben-Großhandels e.V.
(FDS)
Am Weidendamm 1a
D 10117 Berlin
Legal form: Registered
association
Registered
on: 13.07.2006
Reg. data: 14057 Berlin, VR 23755
Further
functions/participations of Holger Schmidt (Manager)
Manager:
Keller & Kalmbach
Widex GmbH
Benediktusstr. 82
D 40549 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 1,800,000.00
Registered
on: 21.06.1948
Reg. data: 40227 Düsseldorf, HRB 274
Main
industrial sector
46741
Wholesale of tools and hardware
Branch:
Keller & Kalmbach
GesellschaftmbH
Im Gewerbepark D 7
D 93059 Regensburg
TEL.: 0941/40206-0
Branch:
Keller & Kalmbach
GesellschaftmbH
Borsigstr. 19
D 94315 Straubing
TEL.: 09421-61031
Branch:
Keller & Kalmbach GesellschaftmbH
Teinacher Str. 64
D 71634 Ludwigsburg
TEL.: 07141/64314-0
FAX.: 07141/64314-79
Branch:
Keller & Kalmbach
GesellschaftmbH
Hertzstr. 1
D 97076 Würzburg
TEL.: 0931/29976-0
Branch:
Keller & Kalmbach
GesellschaftmbH
Nordstr. 15
D 09113 Chemnitz
Branch:
Keller &
Kalmbach GesellschaftmbH
Benno-Strauß-Str. 1
D 90763 Fürth
TEL.: 09174/830-0
Branch:
Keller & Kalmbach
GesellschaftmbH
Industriestr. 54
D 49492 Westerkappeln
Branch:
Keller & Kalmbach
GesellschaftmbH
Klepperstr. 18b
D 83026 Rosenheim
Branch:
Keller & Kalmbach GesellschaftmbH
An der Autobahn K 3
D 91161 Hilpoltstein
Branch:
Keller & Kalmbach
GesellschaftmbH
Paul-Gerhardt-Allee 4-10
D 81245 München
Branch:
Keller & Kalmbach
GesellschaftmbH
Benediktusstr. 82
D 40549 Düsseldorf
Limited partner:
Simple System GmbH &
Co. KG
Haberlandstr. 55
D 81241 München
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 30,000.00
contribution:
Share: EUR 4,200.00
Reg. data: 29.12.2000
Local court
80333 München
HRA 77206
Shareholder:
Keller & Kalmbach
Industrie- und
Handelsvertretungen GmbH
Siemensstr. 19
D 85716 Unterschleißheim
Legal form: Private
limited company
Company Status: dormant
since: 01.01.1999
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 20.05.1998
Local court
80333 München
HRB 120661
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2010/2011
Type of ownership: Tenant
Address Siemensstr. 19
D 85716 Unterschleißheim
Real Estate of: Holger Schmidt
Type
of ownership: proprietor
Share: 100.00 %
Address Im Schulwäldchen 35
D 57572 Niederfischbach
Land register documents were not available.
Principal
bank
DEUTSCHE BANK, MÜNCHEN
Sort. code: 70070010, BIC: DEUTDEMMXXX
Further
banks
BANKHAUS REUSCHEL & CO, MÜNCHEN
Sort. code: 70030300, BIC: CHDBDEHHXXX
UNICREDIT BANK - HYPOVEREINSBANK, MÜNCHEN
Sort. code: 70020270, BIC: HYVEDEMMXXX
POSTBANK (GIRO), MÜNCHEN
Sort. code: 70010080, Account no.:
868-808, BIC: PBNKDEFF700
Turnover: 2010/2011 EUR 173,310,462.00
2011/2012 EUR 174,000,000.00
Profit: 2010/2011 EUR 7,303,516.00
further business figures:
Equipment: EUR 2,241,729.00
Ac/ts receivable: EUR 34,458,359.00
Liabilities: EUR 41,797,268.00
Employees: 650
Balance sheet ratios 01.11.2010 - 31.10.2011
Equity ratio [%]: 38.03
Liquidity ratio: 0.76
Return on total capital [%]: 8.23
Balance sheet ratios 01.11.2009 - 31.10.2010
Equity ratio [%]: 39.11
Liquidity ratio: 0.80
Return on total capital [%]: 5.71
Balance sheet ratios 01.11.2008 - 31.10.2009
Equity ratio [%]: 39.20
Liquidity ratio: 0.72
Return on total capital [%]: -1.57
Balance sheet ratios 01.11.2007 - 31.10.2008
Equity ratio [%]: 37.80
Liquidity ratio: 0.73
Return on total capital [%]: 4.86
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: 01.11.2010 - 31.10.2011
ASSETS EUR 93,351,886.96
Fixed assets
EUR 5,349,646.99
Intangible assets
EUR 994,936.00
Concessions, licences, rights
EUR 994,936.00
Tangible assets
EUR 2,462,783.70
Land / similar rights
EUR 221,055.00
Other tangible assets / fixtures and
fittings
EUR 2,241,728.70
Financial
assets EUR 1,891,927.29
Shares in participations /
subsidiaries and the like
EUR 1,891,927.29
Shares in related companies
EUR 1,882,970.83
Shares in investee companies
EUR 8,956.46
Current assets
EUR 87,508,276.97
Stocks
EUR 52,152,113.00
Raw materials, consumables and
supplies
EUR 64,000.00
Finished goods / work in progress
EUR 52,088,113.00
Accounts receivable
EUR 34,458,359.02
Amounts due from shareholders
EUR 3,491,224.68
Trade debtors EUR 16,240,946.46
Amounts due from related companies
EUR 11,903,793.57
Amounts due from affiliated companiesEUR 45,488.71
Other debtors and assets
EUR 2,776,905.60
Liquid means EUR 897,804.95
Remaining other assets
EUR 493,963.00
Accruals (assets)
EUR 493,963.00
LIABILITIES EUR 93,351,886.96
Shareholders' equity
EUR 37,663,408.75
Capital
EUR 11,880,000.00
Subscribed capital (share capital)
EUR 11,880,000.00
Reserves
EUR 8,002,970.83
Capital reserves
EUR 2,970.83
Retained earnings / revenue reserves EUR 8,000,000.00
Balance sheet profit/loss (+/-)
EUR 17,780,437.92
Profit / loss brought forward
EUR 10,476,921.49
Annual surplus / annual deficit
EUR 7,303,516.43
Provisions
EUR 13,891,210.00
Pension provisions and comparable
provisions
EUR 3,935,187.00
Provisions
for taxes EUR 3,813,100.00
Other / unspecified provisions
EUR 6,142,923.00
Liabilities
EUR 41,797,268.21
Financial debts
EUR 29,921,508.54
Liabilities due to banks
EUR 29,921,508.54
Other liabilities
EUR 11,875,759.67
Trade creditors (for IAS incl. bills
of exchange)
EUR 7,144,928.68
Liabililties due to related companiesEUR 25,564.60
Liabilities due to affiliated
companies / persons / organs
EUR 1,660,282.04
Unspecified other liabilities
EUR 3,044,984.35
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 173,310,462.00
Other operating income
EUR 1,522,272.58
Cost of materials
EUR 124,653,190.66
Raw
materials and supplies, purchased
goods
EUR 122,491,105.67
Purchased services
EUR 2,162,084.99
Gross result (+/-)
EUR 50,179,543.92
Staff expenses EUR 21,200,534.45
Wages and salaries
EUR 17,461,938.83
Social security contributions and
expenses for pension plans and
benefits
EUR 3,738,595.62
Total depreciation EUR 1,549,453.53
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,549,453.53
Other operating expenses
EUR 20,327,638.71
Operating result from continuing
operations
EUR 7,101,917.23
Result from participating interests
(+/-)
EUR 4,887,196.48
Expenses / income from participations EUR 4,887,196.48
Income from transfer of profits
EUR 4,852,125.28
Income from related companies
EUR 35,071.20
Interest result (+/-)
EUR -1,303,526.90
Interest and similar income
EUR 251,024.44
thereof from related companies
EUR 229,244.00
Interest and similar expenses
EUR 1,554,551.34
Financial result (+/-)
EUR 3,583,669.58
Result from ordinary operations (+/-) EUR
10,685,586.81
Extraordinary expenses
EUR 87,838.00
Extraordinary result (+/-)
EUR -87,838.00
Income tax / refund of income tax (+/-)EUR -3,240,583.09
Other taxes / refund of taxes
EUR -53,649.29
Tax
(+/-)
EUR -3,294,232.38
Annual surplus / annual deficit
EUR 7,303,516.43
Type
of balance
sheet: Company balance sheet
Financial year: 01.11.2009 - 31.10.2010
ASSETS EUR 73,905,590.18
Fixed assets
EUR 5,708,468.29
Intangible assets
EUR 850,217.00
Concessions, licences, rights
EUR 850,217.00
Tangible assets
EUR 2,966,324.00
Land / similar rights
EUR 215,627.00
Other tangible assets / fixtures and
fittings
EUR 2,750,697.00
Financial assets
EUR 1,891,927.29
Shares in participations /
subsidiaries and the like
EUR 1,891,927.29
Shares in related companies
EUR 1,882,970.83
Shares in investee companies
EUR 8,956.46
Current assets
EUR 67,956,688.89
Stocks
EUR 38,118,144.00
Finished goods / work in progress
EUR 38,118,144.00
Accounts receivable
EUR 29,766,662.58
Amounts due from shareholders
EUR 3,611,603.76
Trade debtors
EUR 13,194,966.39
Amounts due from related companies
EUR 8,689,550.12
Amounts due from affiliated companiesEUR 1,722,918.74
Other debtors and assets
EUR 2,547,623.57
Liquid means
EUR 71,882.31
Remaining other assets
EUR 240,433.00
Accruals (assets)
EUR 240,433.00
LIABILITIES EUR 73,905,590.18
Shareholders' equity
EUR 31,359,892.32
Capital
EUR 11,880,000.00
Subscribed capital (share capital)
EUR 11,880,000.00
Reserves
EUR 8,002,970.83
Capital reserves EUR 2,970.83
Retained earnings / revenue reserves EUR 8,000,000.00
Balance sheet profit/loss (+/-)
EUR 11,476,921.49
Profit / loss brought forward
EUR 7,489,716.28
Annual surplus / annual deficit
EUR 3,987,205.21
Provisions
EUR 9,664,504.00
Pension provisions and comparable
provisions
EUR 4,128,346.00
Provisions for taxes EUR 791,000.00
Other / unspecified provisions
EUR 4,745,158.00
Liabilities
EUR 32,881,193.86
Financial debts
EUR 22,339,929.93
Liabilities due to banks
EUR 22,339,929.93
Other liabilities
EUR 10,541,263.93
Trade creditors (for IAS incl. bills
of exchange)
EUR 8,209,630.99
Liabililties due to related companiesEUR 26,828.54
Unspecified other liabilities
EUR 2,304,804.40
Guarantees and other commitments
EUR 22,000,000.00
Guarantees / warranties
EUR 2,000,000.00
Guarantees EUR 2,000,000.00
Other guarantees and other commitmentsEUR 20,000,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 137,203,647.78
Other operating income EUR 809,057.47
Cost of materials
EUR 96,866,850.23
Raw materials and supplies, purchased
goods
EUR 94,577,197.77
Purchased services
EUR 2,289,652.46
Gross result (+/-)
EUR 41,145,855.02
Staff expenses
EUR 18,957,167.74
Wages and salaries
EUR 15,492,075.93
Social
security contributions and
expenses for pension plans and
benefits
EUR 3,465,091.81
Total depreciation
EUR 1,583,879.57
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,583,879.57
Other operating expenses
EUR 17,889,546.56
Operating result from continuing
operations
EUR 2,715,261.15
Result from participating interests
(+/-)
EUR 3,120,310.71
Expenses / income from participations EUR 3,120,310.71
Income from transfer of profits
EUR 3,120,310.71
Interest result (+/-)
EUR -712,294.16
Interest and similar income
EUR 187,466.21
thereof from related companies
EUR 139,250.00
Interest and similar expenses
EUR 899,760.37
Financial result (+/-)
EUR 2,408,016.55
Result from ordinary operations (+/-)
EUR 5,123,277.70
Income tax / refund of income tax (+/-)EUR -1,086,916.61
Other taxes / refund of taxes
EUR -49,155.88
Tax
(+/-)
EUR -1,136,072.49
Annual surplus / annual deficit
EUR 3,987,205.21
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.26 |
|
UK Pound |
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.70.21 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.