|
Report Date : |
03.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
KRAUSSMAFFEI BERSTORFF GMBH |
|
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Registered Office : |
An der Breiten Wiese 3/5, D 30625 Hannover, Post Box: 61 03 60, D 30603 Hannover |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
01.10.1897 |
|
|
|
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Com. Reg. No.: |
HRB 3787 |
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|
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Legal Form : |
Private Limited Company |
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|
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|
Line of Business : |
· Manufacture of other general-purpose machinery ·
Manufacture of metal forming machinery |
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No. of Employees : |
527 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
KRAUSSMAFFEI
BERSTORFF GMBH
Company Status: active
An der Breiten Wiese 3/5
D 30625 Hannover
Post Box:
61 03 60, D 30603 Hannover
Telephone:0511/5702-0
Telefax: 0511/561916
Homepage: www.kraussmaffeigroup.com
E-mail: info@kraussmaffei.com
VAT no.: DE115650097
LEGAL FORM Private limited company
Date of foundation: 01.10.1897
Shareholders'
agreement: 31.01.1910
Registered on: 05.02.1910
Commercial Register: Local court 30175 Hannover
under: HRB 3787
Share capital: EUR 11,510,000.00
Shareholder:
KraussMaffei Technologies GmbH
Krauss-Maffei-Str. 2
D 80997 München
Legal form: Private limited company
Share capital: EUR 2,000,000.00
Share: EUR 11,510,000.00
Registered on: 15.11.2012
Reg. data: 80333 München, HRB 201924
Manager:
Paul-Eberhard Kortmann
D 30159 Hannover
authorized to jointly represent the company
born: 18.10.1959
Manager:
Uwe Altena
D 45127 Essen
born: 08.01.1972
Manager:
Peter Johannes Roos
D 30855 Langenhagen
born: 27.12.1962
President of the
Supervisory Board:
Jan Olaf Siebert
Brunhildenstr. 5
D 80639 München
born: 13.05.1966
Profession: Businessman
Vice-president of the
Supervisory Board:
Clars Kudla
Strindbergstr. 9
D 30629 Hannover
born: 09.08.1962
Marital status: unknown
Member of the
Supervisory Board:
Christian Bernert
Krauss-Maffei-Str. 2
D 80997 München
born: 13.10.1969
Proxy:
Dr. Wolfgang Berner
Bleibtreustr. 12
D 47137 Duisburg
authorized to jointly represent the company
born: 13.03.1951
Marital status: married
Proxy:
Horst Buchholz
D 30159 Hannover
authorized to jointly represent the company
Proxy:
Dr. Markus Olaf Hunger
D 80331 München
authorized to jointly represent the company
born: 10.05.1963
Proxy:
Carsten Fritz
D 29221 Celle
authorized to jointly represent the company
born: 08.07.1963
Proxy:
Hans-Georg Meyer
D 30159 Hannover
authorized to jointly represent the company
born: 25.03.1950
Proxy:
Wolfgang Krause
D 32657 Lemgo
authorized to jointly represent the company
born: 12.04.1958
Proxy:
Dr. Wolfgang Molter
Amselweg 22
OT Eichenried
D 85452 Moosinning
authorized to jointly represent the company
born: 07.04.1956
Proxy:
Harald Hepke
D 30159 Hannover
authorized to jointly represent the company
born: 03.12.1958
Proxy:
Dr. Jens Liebhold
D 82166 Gräfelfing
authorized to jointly represent the company
born: 17.02.1960
Proxy:
Hilmar Heithorst
D 80331 München
authorized to jointly represent the company
born: 13.05.1963
Proxy:
Ralf J. Dahl
D 30916 Isernhagen
authorized to jointly represent the company
born: 11.09.1961
Proxy:
Dieter Brunner
D 31311 Uetze
authorized to jointly represent the company
born: 13.04.1962
Proxy:
Manfred Marienfeld
Käthe-Kollwitz-Weg 1
D 30173 Hannover
authorized to jointly represent the company
born: 08.12.1960
Proxy:
Norbert Wego
D 85235 Pfaffenhofen
authorized to jointly represent the company
born: 31.05.1964
Further
functions/participations of Paul-Eberhard Kortmann
(Manager)
Manager:
Burgsmüller GmbH
Hainbergstr. 1
D 37574 Einbeck
Legal form: Private limited company
Share capital: EUR 1,370,000.00
Registered
on: 28.10.1929
Reg. data: 37073 Göttingen, HRB 131369
Proxy:
KraussMaffei Technologies GmbH
Krauss-Maffei-Str. 2
D 80997 München
Legal form: Private limited company
Share capital: EUR 2,000,000.00
Registered
on: 15.11.2012
Reg. data: 80333 München, HRB 201924
Further
functions/participations of Peter Johannes Roos (Manager)
Manager:
KraussMaffei Technologies GmbH
Krauss-Maffei-Str. 2
D 80997 München
Legal form: Private limited company
Share capital: EUR 2,000,000.00
Registered
on: 15.11.2012
Reg. data: 80333 München, HRB 201924
05.02.1910 - 24.09.1998 Hermann Berstorff Maschinenbau
Gesellschaft mit beschränkter Haftung
An der Breiten Wiese 3 und 5
D 30625 Hannover
Private limited company
25.09.1998 - 22.06.2007 Berstorff GmbH
An der Breiten Wiese 3-5
D 30625 Hannover
Private limited company
22.06.2007 - 22.06.2007 KraussMaffei Berstorf GmbH (bis
22.06.2007)
An der Breiten Wiese 3-5
D 30625 Hannover
Private limited company
Main industrial
sector
28290 Manufacture of other general-purpose machinery
28410 Manufacture of metal forming machinery
Secondary industrial
sector
46692 Wholesale of other machinery
Branch:
KraussMaffei Berstorff GmbH
Schipkauer Str. 1
D 01987 Schwarzheide
Branch:
KraussMaffei Berstorff GmbH
Industriestr. 42
D 53359 Rheinbach
Shareholder:
Burgsmüller GmbH
Hainbergstr. 1
D 37574 Einbeck
Legal form: Private limited company
Company Status: active
Share capital: EUR 1,370,000.00
Share: EUR 1,370,000.00
Reg. data: 28.10.1929
Local court 37073 Göttingen
HRB 131369
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2011/2012
Type of ownership: Tenant
Address An der Breiten Wiese 3/5
D 30625 Hannover
Land register documents were not available.
Principal bank
COMMERZBANK, 30012 HANNOVER
Sort. code: 25040066, Account no.: 319192100
BIC: COBADEFF250, IBAN: DE16250400660319192100
Further bank
UNICREDIT BANK - HYPOVEREINSBANK, 80311 MÜNCHEN
Sort. code: 70020270, Account no.: 5754755
BIC: HYVEDEMMXXX, IBAN: DE22700202700005754755
Turnover: 2011/2012 EUR 232,278,000.00
Profit: 2011/2012 EUR 32,203,000.00
Equipment: *EUR 4,008,000.00
Ac/ts receivable: EUR 77,430,000.00
Liabilities: EUR 132,566,000.00
Employees: 527
- thereof permanent staff: 501
- Trainees: 26
The business figures marked with an asterisk are estimates based
on average values in the line of business.
Balance sheet ratios 01.10.2011 - 30.09.2012
Equity ratio [%]: -24.46
Liquidity ratio: 0.22
Return on total capital [%]: 25.39
Balance sheet ratios 01.10.2010 - 30.09.2011
Equity ratio [%]: -29.57
Liquidity ratio: 0.13
Return on total capital [%]: 2.79
Balance sheet ratios 01.10.2009 - 30.09.2010
Equity ratio [%]: -20.24
Liquidity ratio: 0.28
Return on total capital [%]: 41.43
Balance sheet ratios 01.10.2008 - 30.09.2009
Equity ratio [%]: -32.13
Liquidity ratio: 0.11
Return on total capital [%]: 0.64
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 balancesheet:
Company balance sheet
Financial year: 01.10.2011 - 30.09.2012
ASSETS EUR 176,101,000.00
Fixed assets EUR 4,017,000.00
Intangible assets EUR 292,000.00
Other / unspecified intangible
assetsEUR 292,000.00
Tangible assets EUR 3,725,000.00
Other / unspecified tangible assets EUR
3,725,000.00
Current assets EUR 171,751,000.00
Stocks EUR 94,314,000.00
Accounts receivable EUR 77,430,000.00
Trade debtors EUR 18,438,000.00
Amounts due from related companies EUR
56,148,000.00
Other debtors and assets EUR 2,844,000.00
Liquid means EUR 7,000.00
Remaining other assets EUR 333,000.00
Accruals (assets) EUR 333,000.00
LIABILITIES EUR 176,101,000.00
Shareholders' equity EUR 17,627,000.00
Capital EUR 11,510,000.00
Subscribed capital (share capital) EUR
11,510,000.00
Reserves EUR 6,117,000.00
Capital reserves EUR 6,117,000.00
Provisions EUR 25,908,000.00
Pension provisions and comparable
provisions EUR 7,496,000.00
Other / unspecified provisions EUR 18,412,000.00
Liabilities EUR 132,566,000.00
Other liabilities EUR 132,566,000.00
Trade creditors (for IAS incl. bills
of exchange) EUR 15,356,000.00
Liabilities from received advance
payments EUR 108,796,000.00
Liabililties due to related
companiesEUR 7,554,000.00
Unspecified other liabilities EUR 860,000.00
Guarantees and other commitments EUR 233,595,000.00
Other guarantees and other
commitmentsEUR 233,595,000.00
PROFIT AND LOSS
ACCOUNT (cost of sales method) according to Comm.Code (HGB)
Sales EUR 232,278,000.00
Manufacturing costs EUR 174,969,000.00
Gross result on sales EUR 57,309,000.00
Distribution costs EUR 21,182,000.00
General administration expenses EUR 3,491,000.00
Research and development costs EUR 2,218,000.00
Other operating income EUR 3,182,000.00
Other operating expenses EUR 825,000.00
Operating result from continuing
operations EUR 32,775,000.00
Interest result (+/-) EUR -464,000.00
Financial result (+/-) EUR -464,000.00
Result from ordinary operations (+/-) EUR
32,311,000.00
Extraordinary expenses EUR 108,000.00
Extraordinary result (+/-) EUR -108,000.00
Expenses for transfer of profits to a
parent company EUR 32,203,000.00
Annual surplus / annual deficit EUR 0.00
Type of
balancesheet: Company
balance sheet
Financial year: 01.10.2010 - 30.09.2011
ASSETS EUR 185,119,000.00
Fixed assets EUR 3,345,000.00
Intangible assets EUR 315,000.00
Other / unspecified intangible
assetsEUR 315,000.00
Tangible assets EUR 3,030,000.00
Other / unspecified tangible assets EUR
3,030,000.00
Current assets EUR 181,717,000.00
Stocks
EUR 106,986,000.00
Other / unspecified stocks EUR 106,986,000.00
Accounts receivable EUR 74,725,000.00
Trade debtors EUR 9,703,000.00
Amounts due from related companies EUR
63,566,000.00
Other debtors and assets EUR 1,456,000.00
Liquid means EUR 6,000.00
Remaining other assets EUR 57,000.00
Accruals (assets) EUR 57,000.00
LIABILITIES EUR 185,119,000.00
Shareholders' equity EUR 17,627,000.00
Capital EUR 11,510,000.00
Subscribed capital (share capital) EUR
11,510,000.00
Reserves EUR 6,117,000.00
Capital reserves EUR 6,117,000.00
Provisions EUR 23,660,000.00
Pension provisions and comparable
provisions EUR 7,095,000.00
Other / unspecified provisions EUR 16,565,000.00
Liabilities EUR 143,832,000.00
Other
liabilities EUR 143,832,000.00
Trade creditors (for IAS incl. bills
of exchange) EUR 22,553,000.00
Liabilities from received advance
payments EUR 112,285,000.00
Liabililties due to related
companiesEUR 8,079,000.00
Unspecified other liabilities EUR 915,000.00
PROFIT AND LOSS ACCOUNT (cost of sales method) according to Comm.Code (HGB)
Sales EUR 130,660,000.00
Manufacturing costs EUR 102,466,000.00
Gross result on sales EUR 28,194,000.00
Research and development costs EUR 1,679,000.00
Other operating income EUR 4,222,000.00
Other operating expenses EUR 26,484,000.00
Operating result from continuing
operations EUR 4,253,000.00
Interest result (+/-) EUR -648,000.00
Financial result (+/-) EUR -648,000.00
Result from ordinary operations (+/-) EUR
3,605,000.00
Extraordinary expenses EUR 157,000.00
Extraordinary result (+/-) EUR -157,000.00
Expenses for transfer of profits to a
parent company EUR 3,511,000.00
Annual surplus / annual deficit EUR -63,000.00
There may have been some changes since our last research took place. Therefore, a freshly researched report will follow shortly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.65 |
|
|
1 |
Rs.99.21 |
|
Euro |
1 |
Rs.82.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared by
: |
NNA |
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.