MIRA
INFORM REPORT
|
Report Date : |
11.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
KIEFEL GMBH |
|
|
|
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Registered Office : |
Sudetenstr. 3 D 83395 Freilassing |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
21.12.2006 |
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|
|
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Com. Reg. No.: |
HRB 17695 |
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Legal Form : |
Private limited company |
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Line of Business : |
Manufacture of tools |
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No. of Employees : |
335 |
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 |
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Payment Behaviour : |
No Complaints |
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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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
KIEFEL GMBH
Company Status: active
Sudetenstr. 3
D
83395 Freilassing
Telephone:08654/780
Telefax:
08654/78490
Homepage: www.kiefel.de
E-mail:
kiefel@kiefel.de
VAT no.: DE253848716
Tax ID number: 163/115/00272
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 21.12.2006
Shareholders'
agreement: 21.12.2006
Registered on: 16.05.2007
Commercial
Register: Local court 83278 Traunstein
under: HRB
17695
Share capital: EUR 1,500,000.00
Shareholder:
Brückner Group GmbH
Königsberger Str. 5-7
D 83313
Siegsdorf
Post Box:
1264, D 83310 Siegsdorf
Legal form: Private
limited company
Share capital: EUR
15,400,000.00
Share: EUR 1,500,000.00
Registered on: 09.10.1995
Reg. data: 83278
Traunstein, HRB 9697
Manager:
Thomas Halletz
Brückenweg 6
D 83329 Waging
authorized to jointly
represent the company
born: 02.02.1963
Profession: Fully
qualified engineer
Manager:
Peter Eisl
Neutorstr. 21
A 5020 Salzburg
authorized to jointly
represent the company
born: 07.12.1971
Nationality: Austrian
Proxy:
Wolfgang Helmrich
D 83395 Freilassing
authorized to jointly
represent the company
born: 04.02.1958
Proxy:
Erwin Wabnig
D 83313 Siegsdorf
authorized to jointly
represent the company
born: 05.05.1960
Proxy:
Wolfgang Eglseer
Hochfellnstr. 6
D 83339 Chieming
authorized to jointly
represent the company
born: 30.07.1962
Proxy:
Andreas Frisch
Munketoft 42 c/o
D 24937 Flensburg
authorized to jointly
represent the company
born: 20.10.1964
Profession: Businessman
Proxy:
Johann Haas
D 83395 Freilassing
authorized to jointly
represent the company
born: 11.12.1960
Proxy:
Markus Penninger
A Ebenau
authorized to jointly
represent the company
born: 25.01.1970
Nationality: Austrian
Proxy:
Thomas Huber
D 83125 Eggstätt
authorized to jointly
represent the company
born: 22.04.1963
Proxy:
Friedrich Muth
D 32339 Espelkamp
authorized to jointly represent the
company
born: 10.01.1961
Marital status: unknown
21.12.2006 - 16.05.2007 RM 26102 Vermögensverwaltungs GmbH (AG
München, HRB 165218)
Weißenburger Str. 10
D 81667 München
Private limited
company
16.05.2007 - 25.08.2012 Kiefel Verwaltungs GmbH
Königsberger Str. 5-7
D 83313
Siegsdorf
Private limited
company
13.04.2012 - 30.08.2012 Manager
Angela Strigl
D 83104 Tuntenhausen
04.06.2007 - 30.08.2012 Manager
Patrick Mc Loughlin
D 83278 Traunstein
04.06.2007 - 26.07.2011 Manager
Markus Krinninger
D 85521 Ottobrunn
Main
industrial sector
2573
Manufacture of tools
2829
Manufacture of other general-purpose machinery n.e.c.
2899
Manufacture of other special-purpose machinery n.e.c.
Limited partner:
Kiefel Verwaltungs GmbH
& Co. Hochfrequenz
KG
Industriestr. 17-19
D 83395 Freilassing
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 100,000.00
contribution:
Share: EUR 100,000.00
Reg. data:
25.08.2010
Local court
83278 Traunstein
HRA 9475
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Sudetenstr.
3
D 83395 Freilassing
Land register documents were not available.
A bank connection is unknown.
Turnover: 2011 EUR 77,689,505.00
Profit: 2011 EUR -514,129.00
Equipment: EUR 1,275,015.00
Ac/ts receivable: EUR 37,586,475.00
Liabilities: EUR
22,017,702.00
Employees:
335
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 23.93
Liquidity ratio: 0.96
Return on total capital [%]: -1.28
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 41.61
Liquidity ratio: 0.10
Return on total capital [%]: 0.78
Balance
sheet ratios 01.01.2009 -
31.12.2009
Equity ratio [%]: 40.02
Liquidity ratio: 0.07
Return on total capital [%]: -5.76
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 43.93
Liquidity ratio: 0.16
Return on total capital [%]: 6.17
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: 01.01.2011 - 31.12.2011
ASSETS EUR 59,220,491.42
Fixed assets
EUR 7,256,294.42
Intangible assets
EUR 737,875.00
Concessions, licences, rights
EUR 737,875.00
Tangible assets
EUR 2,156,794.72
Plant / machinery EUR 881,780.00
Other tangible assets / fixtures and
fittings
EUR 1,275,014.72
Financial assets
EUR 4,361,624.70
Shares in participations /
subsidiaries and the like
EUR 4,361,624.70
Shares in related companies
EUR 4,361,624.70
Current assets
EUR 51,818,832.08
Stocks
EUR 11,472,338.59
Raw materials, consumables and
supplies
EUR 5,093,422.32
Finished goods / work in progress
EUR 15,104,050.48
Advance payments made
EUR 893,978.60
Minus received advance payments for
orders / installments for stocks
EUR -9,619,112.81
Accounts receivable
EUR 37,586,474.51
thereof total due from shareholders
EUR 19,042,505.01
Trade debtors
EUR 10,739,097.38
Amounts due from related companies
EUR 25,428,271.08
Other debtors and assets
EUR 1,419,106.05
Liquid means
EUR 2,760,018.98
Remaining other assets EUR 145,364.92
Accruals (assets)
EUR 81,067.92
Active difference from asset
offsetting
EUR 64,297.00
LIABILITIES EUR 59,220,491.42
Shareholders' equity
EUR 28,658,623.77
Capital
EUR 6,000,000.00
Subscribed capital (share capital)
EUR 6,000,000.00
Reserves
EUR 16,735,133.83
Capital reserves
EUR 16,713,922.83
Retained earnings / revenue reserves EUR 21,211.00
Balance sheet profit/loss (+/-)
EUR 5,923,489.94
Profit / loss brought forward
EUR 5,923,489.94
Provisions
EUR 8,544,165.46
Pension provisions and comparable
provisions
EUR 1,309,067.00
Other / unspecified provisions
EUR 7,235,098.46
Liabilities
EUR 22,017,702.19
thereof total due to shareholders
EUR 0.00
Other liabilities
EUR 22,017,702.19
Trade creditors (for IAS incl. bills
of exchange)
EUR 5,985,172.97
Liabililties due to related companiesEUR 15,229,294.33
Unspecified other liabilities
EUR 803,234.89
thereof liabilities from tax /
financial authorities
EUR 256,874.93
thereof liabilities from social
security
EUR 61,079.24
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 77,689,504.74
Inventory change + own costs (+/-)
EUR -2,153,458.77
Inventory change (+/-)
EUR -3,270,375.99
Capitalised own costs
EUR 1,116,917.22
Other operating income
EUR 3,073,753.89
Cost of materials
EUR 42,126,323.45
Raw materials and supplies, purchased
goods
EUR 34,003,024.61
Purchased services
EUR 8,123,298.84
Gross result (+/-)
EUR 36,483,476.41
Staff expenses
EUR 23,555,744.83
Wages and salaries
EUR 19,613,035.96
Social security contributions and
expenses for pension plans and
benefits
EUR 3,942,708.87
Total depreciation
EUR 832,863.46
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 832,863.46
Other operating expenses
EUR 13,117,528.36
Operating result from continuing
operations
EUR -1,022,660.24
Result from participating interests
(+/-)
EUR 681,991.90
Expenses / income from participations EUR 681,991.90
Income from related companies
EUR 681,991.90
Interest
result (+/-) EUR -136,748.46
Interest and similar income
EUR 446,860.48
thereof from related companies
EUR 400,000.00
Interest and similar expenses
EUR 583,608.94
thereof paid to related companies
EUR 233,000.00
Financial result (+/-)
EUR 545,243.44
Result from ordinary operations (+/-)
EUR -477,416.80
Income tax / refund of income tax (+/-)EUR -5,796.28
Other taxes / refund of taxes
EUR -30,915.77
Tax (+/-)
EUR -36,712.05
Annual surplus / annual deficit
EUR -514,128.85
Type of balance
sheet:
Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 59,407,150.45
Fixed assets
EUR 55,293,466.79
Financial assets
EUR 55,293,466.79
Other / unspecified financial assets EUR 55,293,466.79
Current assets
EUR 4,113,683.66
Accounts receivable
EUR 3,310,574.26
Other debtors and assets EUR 3,310,574.26
Liquid means
EUR 803,109.40
LIABILITIES EUR 59,407,150.45
Shareholders' equity
EUR 23,878,683.74
Capital EUR 1,500,000.00
Subscribed capital (share capital)
EUR 1,500,000.00
Reserves
EUR 20,000,000.00
Retained earnings / revenue reserves EUR 20,000,000.00
Balance sheet profit/loss (+/-)
EUR 2,378,683.74
Balance sheet profit / loss
EUR 2,378,683.74
Provisions
EUR 266,507.00
Liabilities
EUR 35,261,959.71
Other liabilities
EUR 35,261,959.71
Unspecified other liabilities
EUR 35,261,959.71
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.54 |
|
|
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.11 |
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 |
|
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NB |
New Business |
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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.