|
Report Date : |
31.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
FRITZ KÜBLER GMBH ZÄHL- UND SENSORTECHNIK |
|
|
|
|
Registered Office : |
Schubertstr. 47, D 78054 Villingen-Schwenningen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
1960 |
|
|
|
|
Com. Reg. No.: |
HRB 600700 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of
instruments and appliances for measuring, testing and navigation. |
|
|
|
|
No. of Employees : |
250 |
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 |
ECONOMIC OVERVIEW – GERMANY
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 |
FRITZ KÜBLER GMBH ZÄHL- UND SENSORTECHNIK
Schubertstr. 47
D 78054 Villingen-Schwenningen
Telephone:07720/3903-0
Telefax: 07720/21564
Homepage: www.kuebler.com
E-mail: info@kuebler.com
active
DE143021296
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1960
Shareholders'
agreement: 03.01.1980
Registered on: 07.02.1980
Commercial Register: Local court 79098 Freiburg
under: HRB
600700
EUR 3,000,000.00
Gebhard Kübler
Schubertstr. 47
D
78054 Villingen-Schwenningen
born:
13.05.1968
Share: EUR 1,350,000.00
Shareholder:
Lothar Werner Kübler
Im
Oberdorf 13
D
78661 Dietingen
born:
05.06.1970
Share: EUR 1,350,000.00
Shareholder:
Erika
Kübler
An der
Sonnhalde 6
D
78073 Bad Dürrheim
Share: EUR 300,000.00
Gebhard Kübler
Schubertstr. 47
D 78054 Villingen-Schwenningen
having
sole power of representation
born:
13.05.1968
Marital status: single
Manager:
Lothar
Werner Kübler
Im Oberdorf 13
D
78661 Dietingen
having
sole power of representation
born:
05.06.1970
Profession: Businessman
Marital status: single
Andreas Happle
D
78073 Bad Dürrheim
having
sole power of representation
born:
09.10.1965
Proxy:
Dr.
Dirk Clemens
D
87758 Kronburg
having
sole power of representation
born:
24.11.1964
Proxy:
Florenz Lucius Ritter von Guttenberg
D
78609 Tuningen
having
sole power of representation
born:
04.06.1954
Further functions/participations of Gebhard
Kübler (Manager)
Manager:
IST
Industrie Service & Technik GmbH
Lehrer-Holl-Str. 6
D
83624 Otterfing
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Registered
on: 05.08.1998
80333 München, HRB 121488
Further functions/participations of Lothar
Werner Kübler
(Manager)
Manager:
IST
Industrie Service & Technik GmbH
Lehrer-Holl-Str. 6
D
83624 Otterfing
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Registered
on: 05.08.1998
Reg.
data: 80333 München, HRB 121488
1960 - 06.02.1980 Fritz Kübler
Schubertstr. 47
D 78054
Villingen-Schwenningen
Unregistered commercial
enterprise
07.02.1980 -
01.08.1996 Ing. Fritz Kübler Zählerfabrik GmbH
Schubertstr. 47
D 78054
Villingen-Schwenningen
Private limited company
Sectors
26512 Manufacture of instruments and appliances
for measuring, testing and navigation
4643 Wholesale of electrical household
appliances and radio and televisiongoods
Shareholder:
IST
Industrie Service & Technik GmbH
Lehrer-Holl-Str. 6
D 83624 Otterfing
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,564.59
Share: EUR 20,451.68
Reg.
data: 05.08.1998
Local court 80333 München
HRB 121488
The Solvency Rating[NG] and
the balance sheet grade are generated
on the basis of the
calculation methodology of Euler Hermes.
Payment experience: within agreed terms
Negative information:We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Schubertstr. 47
D 78054 Villingen-Schwenningen
Land register documents
were not available.
Principal banks
COMMERZBANK VILLINGEN U SCHWENNINGEN, VILLINGEN-SCHWENNINGEN
Sort. code: 69440007, BIC: COBADEFF694
DEUTSCHE BANK VILLINGEN U SCHWENNINGEN, VILLINGEN-SCHWENNINGEN
Sort. code: 69470039, Account no.: 434705, BIC: DEUTDE6F694
SPARKASSE SCHWARZWALD-BAAR, VILLINGEN-SCHWENNINGEN
Sort. code: 69450065, Account no.: 01300095, BIC: SOLADES1VSS
Turnover: 2011 EUR 35,100,000.00
2012 EUR 35,100,000.00
Expected turnover: EUR 35,500,000.00
Profit: 2011 EUR 3,028,045.00
further business figures:
Equipment: EUR 645,905.00
Ac/ts receivable: EUR 7,792,028.00
Liabilities: EUR
1,097,923.00
Employees: 250
- thereof permanent staff: 121
- Trainees:
16
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 78.36
Liquidity ratio: 10.00
Return on total capital [%]: 17.43
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 71.61
Liquidity ratio: 10.00
Return on total capital [%]: 16.63
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 70.70
Liquidity ratio: 10.00
Return on total capital [%]: 6.28
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 73.03
Liquidity ratio: 10.00
Return on total capital [%]: 17.89
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 17,496,479.50
Fixed assets
EUR 2,881,961.36
Intangible assets
EUR 254,118.00
Other / unspecified intangible assetsEUR 254,118.00
Tangible assets
EUR 1,807,461.94
Plant / machinery
EUR 1,080,044.54
Other tangible assets / fixtures and
fittings
EUR 645,905.00
Advance payments made / construction
in progress
EUR 81,512.40
Financial assets EUR 820,381.42
Shares in participations /
subsidiaries and the like
EUR 765,469.00
Shares in related companies
EUR 765,469.00
Loans to participations /
subsidiaries and the like
EUR 54,612.42
Loans to related companies
EUR 54,612.42
Other / unspecified financial assets EUR 300.00
Current assets
EUR 14,578,415.05
Stocks EUR 3,069,751.00
Accounts receivable
EUR 7,792,027.98
Amounts due from related companies
EUR 2,313,391.93
Other debtors and assets
EUR 5,478,636.05
Liquid means
EUR 3,716,636.07
Remaining other assets
EUR 36,103.09
Accruals (assets)
EUR 36,103.09
LIABILITIES EUR 17,496,479.50
Shareholders' equity
EUR 13,737,493.48
Capital
EUR 3,000,000.00
Subscribed capital (share capital)
EUR 3,000,000.00
Reserves
EUR 7,709,448.03
Retained earnings / revenue reserves EUR 7,709,448.03
Balance sheet profit/loss (+/-)
EUR 3,028,045.45
Annual surplus / annual deficit
EUR 3,028,045.45
Provisions EUR 2,661,063.00
Liabilities
EUR 1,097,923.02
thereof total due to shareholders
EUR 0.00
Other liabilities
EUR 1,097,923.02
Liabililties due to related companiesEUR 25,233.53
Unspecified other liabilities
EUR 1,072,689.49
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 23,087,740.19
Staff expenses
EUR 12,181,816.95
Wages and salaries
EUR 10,336,588.76
Social security contributions and
expenses for pension plans and
benefits
EUR 1,845,228.19
Total depreciation
EUR 604,969.96
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 604,969.96
Other operating expenses
EUR 6,148,460.93
Operating result from continuing
operations
EUR 4,152,492.35
Result from participating interests
(+/-)
EUR 48,000.00
Expenses / income from participations EUR 48,000.00
Income from related companies
EUR 48,000.00
Interest result (+/-)
EUR 41,763.49
Interest and similar income
EUR 89,422.90
thereof from related companies
EUR 12,327.67
Interest and similar expenses
EUR 47,659.41
Financial result (+/-)
EUR 89,763.49
Result from ordinary operations (+/-)
EUR 4,242,255.84
Income tax / refund of income tax (+/-)EUR -1,208,329.80
Other taxes / refund of taxes
EUR -5,880.59
Tax (+/-)
EUR -1,214,210.39
Annual surplus / annual deficit
EUR 3,028,045.45
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 14,945,573.29
Fixed assets
EUR 2,434,792.48
Intangible assets
EUR 114,071.00
Other / unspecified intangible assetsEUR 114,071.00
Tangible assets
EUR 1,581,958.73
Plant / machinery EUR 909,288.54
Other tangible assets / fixtures and
fittings
EUR 550,061.00
Advance payments made / construction
in progress
EUR 122,609.19
Financial assets
EUR 738,762.75
Shares in participations /
subsidiaries and the like
EUR 720,469.00
Shares in related companies
EUR 720,469.00
Loans to participations /
subsidiaries and the like
EUR 17,993.75
Loans to related companies
EUR 17,993.75
Other / unspecified financial assets EUR 300.00
Current assets
EUR 12,501,719.89
Stocks
EUR 2,984,454.00
Accounts receivable
EUR 5,761,585.17
Amounts due from related companies
EUR 2,402,824.25
Other debtors and assets
EUR 3,358,760.92
Liquid means
EUR 3,755,680.72
Remaining other assets
EUR 9,060.92
Accruals (assets)
EUR 9,060.92
LIABILITIES EUR 14,945,573.29
Shareholders' equity
EUR 10,709,448.03
Capital
EUR 3,000,000.00
Subscribed capital (share capital)
EUR 3,000,000.00
Reserves EUR 5,423,354.26
Retained earnings / revenue reserves EUR 5,423,354.26
Balance sheet profit/loss (+/-)
EUR 2,286,093.77
Annual surplus / annual deficit
EUR 2,286,093.77
Provisions
EUR 2,898,497.55
Liabilities
EUR 1,337,627.71
thereof total due to shareholders
EUR 8,875.59
Other liabilities
EUR 1,337,627.71
Unspecified other liabilities
EUR 1,337,627.71
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 19,562,761.11
Staff expenses EUR
10,450,072.79
Wages and salaries
EUR 8,710,991.53
Social security contributions and
expenses for pension plans and
benefits
EUR 1,739,081.26
Total depreciation
EUR 468,898.04
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 468,898.04
Other operating expenses
EUR 5,192,599.37
Operating result from continuing
operations
EUR 3,451,190.91
Interest result (+/-)
EUR 38,207.24
Interest and similar income
EUR 64,916.74
thereof from related companies
EUR 10,836.00
Interest and similar expenses
EUR 26,709.50
Financial result (+/-)
EUR 38,207.24
Result from ordinary operations (+/-)
EUR 3,489,398.15
Extraordinary expenses
EUR 189,953.00
Extraordinary result (+/-)
EUR -189,953.00
Income tax / refund of income tax (+/-)EUR -1,008,771.84
Other taxes / refund of taxes
EUR -4,579.54
Tax (+/-)
EUR -1,013,351.38
Annual surplus / annual deficit EUR 2,286,093.77
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.10 |
|
|
1 |
Rs.85.13 |
|
Euro |
1 |
Rs.72.80 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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.