|
Report Date : |
01.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
KREMPEL GMBH |
|
|
|
|
Registered Office : |
Papierfabrikstr. 4, D 71665 Vaihingen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
13.12.2007 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
·
Manufacture
of Plastic Plates, Sheets, Tubes and Profiles ·
Wholesale of
Chemical Products |
|
|
|
|
No. of Employees : |
466 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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, 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 |
KREMPEL GMBH
Company Status: active
Papierfabrikstr. 4
D 71665 Vaihingen
Telephone:07042/9150
Telefax: 07042/15985
Homepage: www.krempel-group.com
E-mail:
info@krempel-group.com
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 13.12.2007
Shareholders'
agreement: 13.12.2007
Registered on: 04.03.2008
Commercial Register: Local court 70190 Stuttgart
under: HRB
725733
Share capital: EUR 20,000,000.00
Shareholder:
AUGUST KREMPEL SÖHNE GMBH & CO.KG
Papierfabrikstr. 4
D 71665 Vaihingen
Legal form: Ltd partnership with priv. ltd.
company as
general partner
Total cap. EUR 7,007,103.00
contribution:
Share: EUR 20,000,000.00
Registered on: 13.04.1877
Reg. data: 70190 Stuttgart, HRA 290267
Manager:
Christian Reh
Badbrunnenstr. 11
D 70374
Stuttgart
born: 23.07.1967
Profession:
Fully qualified Economist
Marital status: married
Manager:
Carsten Scherff
Fontanestr. 5
D 49525 Lengerich
born:
05.07.1963
Manager:
Uwe
Aßmuth
D 70825
Korntal-Münchingen
born:
18.09.1959
Proxy:
Thomas Müllerleile
In der Au 26
D 76307
Karlsbad
authorized to jointly represent the company
born: 17.10.1957
Profession: Fully qualified merchant
Proxy:
Karl-Heinz Sprenger
D 89073 Ulm
authorized to jointly represent
the company
born: 22.05.1951
Further functions/participations of Christian
Reh (Manager)
Manager:
Krempel Beteiligungsgesellschaft mit
beschränkter Haftung
Papierfabrikstr. 4
D 71665
Vaihingen
Legal form: Private limited company
Share capital:
EUR 30,000.00
Registered
on: 20.04.1967
Reg. data: 70190
Stuttgart, HRB 290420
Manager:
EIT Electric Insulation Trading GmbH
Rheinstahlstr. 3
D 70469 Stuttgart
Legal form: Private limited company
Share capital:
EUR 30,000.00
Registered on:
09.07.1997
Reg. data: 70190
Stuttgart, HRB 290748
Further functions/participations of Carsten
Scherff (Manager)
Manager:
Krempel Beteiligungsgesellschaft mit
beschränkter Haftung
Papierfabrikstr. 4
D 71665 Vaihingen
Legal form:
Private limited company
Share capital:
EUR 30,000.00
Registered on:
20.04.1967
Reg. data: 70190
Stuttgart, HRB 290420
Further functions/participations of Uwe Aßmuth
(Manager)
Manager:
Krempel
Beteiligungsgesellschaft mit
beschränkter Haftung
Papierfabrikstr. 4
D 71665 Vaihingen
Legal form: Private limited company
Share capital:
EUR 30,000.00
Registered on:
20.04.1967
Reg. data: 70190
Stuttgart, HRB 290420
18.12.2007 - 04.03.2008 Halde
234 Verwaltungsgesellschaft mbH
Sommerhalde 33
D 89081 Ulm
Private limited company
04.03.2008 - 18.12.2008 Halde
234 Verwaltungsgesellschaft mbH
(bis 18.12.2008)
Papierfabrikstr. 4
D 71665 Vaihingen
Private limited company
05.01.2009 - 11.07.2014 Manager
Dr. Ulrich Schmidt
D 71701
Schwieberdingen
03.01.2008 - 16.01.2014 Manager
Joachim Lang
D 89081 Ulm
Main industrial sector
22210
Manufacture of plastic plates, sheets, tubes and profiles
Secondary industrial sector
4675
Wholesale of chemical products
Branch:
KREMPEL GMBH
Am Kanaldamm 17
D 76456 Kuppenheim
Limited partner:
KREMPEL GMBH & CO. PRESSSPANWERK KG
Bahnhofstr. 3
D 09380 Thalheim
Legal form: Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total cap. EUR 1,500,000.00
contribution:
Share:
EUR 1,500,000.00
Reg. data:
01.03.1992
Local court 09112 Chemnitz
HRA
524
Shareholder:
August Krempel Söhne Verwaltungs- GmbH
Bahnhofstr. 3
D 09380
Thalheim
Legal form: Private limited company
Company Status: active
Share capital:
EUR 30,000.00
Share:
EUR 30,000.00
. data:
11.02.1992
Local court 09112 Chemnitz
HRB 4216
Shareholder:
EIT Electric Insulation Trading GmbH
Rheinstahlstr. 3
D 70469 Stuttgart
Legal form:
Private limited company
Company Status: active
Share capital:
EUR 30,000.00
Share:
EUR 30,000.00
Reg. data:
09.07.1997
Local court 70190 Stuttgart
HRB 290748
Shareholder:
TEC Spezialpapiere GmbH
Rheinstahlstr. 3
D 70469 Stuttgart
Legal
form: Private limited company
Company Status: active
Share capital:
EUR 25,000.00
Share:
EUR 25,000.00
Reg. data:
27.06.2005
Local court 70190 Stuttgart
HRB 25438
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: 2012
Type of ownership: Tenant
Address Papierfabrikstr.
4
D 71665 Vaihingen
Type of ownership: Tenant
Address Am
Kanaldamm 17
D 76456 Kuppenheim
Land register documents were not available.
DEUTSCHE BANK, 70049 STUTTGART
Sort. code: 60070070
BIC: DEUTDESSXXX
KREISSPARKASSE LUDWIGSBURG, 71606 LUDWIGSBURG,
WÜRTT
Sort. code: 60450050
BIC: SOLADES1LBG
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101
BIC: SOLADEST600
Turnover: 2012 EUR 157,749,124.00
2013 EUR
165,500,000.00
Expected turnover: EUR
170,500,000.00
Profit: 2012 EUR 2,292,890.00
further business figures:
Equipment: EUR 2,461,703.00
Ac/ts receivable: EUR
46,078,124.00
Liabilities: EUR 51,030,336.00
Employees:
466
- thereof permanent staff:
394
- Trainees:
25
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 45.05
Liquidity ratio: 0.79
Return on total capital [%]: 2.17
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 48.85
Liquidity ratio: 0.86
Return on total capital [%]: 10.69
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 46.33
Liquidity ratio: 0.91
Return
on total capital [%]: 15.58
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 38.70
Liquidity ratio: 0.73
Return on total capital [%]: 9.02
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.
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.
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: 01.01.2012 - 31.12.2012
ASSETS EUR 112,293,375.99
Fixed assets
EUR 38,753,611.51
Intangible assets
EUR 496,233.37
Concessions, licences, rights
EUR 159,944.00
Advance
payments for intang. assets EUR 336,289.37
Tangible assets
EUR 10,996,200.25
Land / similar rights
EUR 4,489.00
Plant / machinery
EUR 8,210,160.00
Other tangible assets / fixtures and
fittings
EUR 2,461,703.00
Advance payments made / construction
in progress
EUR 319,848.25
Financial assets EUR 27,261,177.89
Shares in participations /
subsidiaries and the like
EUR 22,870,221.84
Shares in related companies
EUR 22,469,022.18
Shares in investee companies
EUR 401,199.66
Loans to participations /
subsidiaries and the like
EUR 4,390,956.05
Loans to related companies
EUR 4,390,956.05
Current assets
EUR 73,409,758.94
Stocks EUR 26,441,488.57
Raw materials, consumables and
supplies
EUR 12,643,943.47
Finished goods / work in progress
EUR 13,749,444.12
Advance payments made EUR 48,100.97
Accounts receivable
EUR 46,078,123.94
Amounts due from shareholders
EUR 6,447,137.23
Trade debtors
EUR 16,253,200.22
Amounts due from related companies
EUR 20,201,902.51
Other debtors and assets
EUR 3,175,883.98
Liquid means
EUR 890,146.43
Remaining other assets
EUR 130,005.54
Accruals
(assets) EUR 101,782.10
Active difference from asset
offsetting
EUR 28,223.44
LIABILITIES EUR 112,293,375.99
Shareholders' equity EUR 54,135,460.57
Capital
EUR 20,000,000.00
Subscribed capital (share capital)
EUR 20,000,000.00
Reserves
EUR 7,216,204.20
Capital reserves
EUR 7,216,204.20
Balance sheet profit/loss (+/-)
EUR 26,919,256.37
Balance sheet profit / loss
EUR 26,919,256.37
Provisions
EUR 7,127,579.50
Pension provisions and comparable
provisions
EUR 4,239,262.00
Provisions for taxes
EUR 20,511.00
Other / unspecified provisions
EUR 2,867,806.50
Liabilities EUR 51,030,335.92
Financial debts
EUR 41,466,694.28
Liabilities due to banks
EUR 41,466,694.28
Other liabilities
EUR 9,563,641.64
Trade creditors (for IAS incl. bills
of exchange)
EUR 4,537,934.99
Liabilities from received advance
payments
EUR 231,600.01
Liabililties due to related companiesEUR 2,168,770.56
Unspecified other liabilities
EUR 2,625,336.08
thereof liabilities from tax /
financial authorities
EUR 286,457.85
thereof liabilities from social
security EUR 6,067.78
Guarantees and other commitments
EUR 7,736,000.00
Liability from creation of a security
interest for third parties
EUR 7,736,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 157,749,123.58
Inventory change + own costs (+/-)
EUR -6,884,851.88
Inventory change (+/-)
EUR -7,033,264.38
Capitalised own costs
EUR 148,412.50
Other operating income
EUR 1,649,217.25
Cost of materials
EUR 106,774,973.46
Raw materials and supplies, purchased
goods EUR
105,493,494.16
Purchased services
EUR 1,281,479.30
Gross result (+/-)
EUR 45,738,515.49
Staff expenses
EUR 25,238,907.70
Wages and salaries EUR 21,062,430.88
Social security contributions and
expenses for pension plans and
benefits
EUR 4,176,476.82
Total depreciation
EUR 1,333,611.78
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,333,611.78
Other operating expenses
EUR 18,393,929.35
Operating result from continuing
operations EUR 772,066.66
Result from participating interests
(+/-)
EUR 2,226,256.95
Expenses / income from participations EUR 2,226,256.95
Income from related companies
EUR 2,226,256.95
Interest result (+/-)
EUR -393,449.74
Interest and similar income
EUR 681,909.17
thereof from related companies
EUR 678,289.69
Interest and similar expenses
EUR 1,075,358.91
Other financial result
EUR 106,184.91
Income from securities and loans from
financial assets
EUR 106,184.91
Financial result (+/-) EUR 1,938,992.12
Result from ordinary operations (+/-)
EUR 2,711,058.78
Income tax / refund of income tax (+/-)EUR -347,524.49
Other taxes / refund of taxes
EUR -70,644.71
Tax (+/-) EUR -418,169.20
Annual surplus / annual deficit
EUR 2,292,889.58
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 108,784,961.42
Fixed assets
EUR 29,201,628.01
Intangible assets
EUR 376,615.00
Concessions, licences, rights
EUR 176,615.00
Advance payments for intang. assets
EUR 200,000.00
Tangible assets
EUR 8,977,363.18
Land / similar rights
EUR 4,987.00
Plant / machinery
EUR 2,217,032.00
Other
tangible assets / fixtures and
fittings
EUR 1,707,241.00
Advance payments made / construction
in progress
EUR 5,048,103.18
Financial assets
EUR 19,847,649.83
Shares in participations /
subsidiaries and the like
EUR 16,949,824.89
Shares in related companies
EUR 16,548,625.23
Shares in investee companies
EUR 401,199.66
Loans to participations /
subsidiaries and the like
EUR 2,897,824.94
Loans to related companies
EUR 2,897,824.94
Current assets
EUR 79,401,610.23
Stocks EUR 41,313,954.91
Raw materials, consumables and
supplies
EUR 20,424,767.78
Finished goods / work in progress
EUR 20,889,187.13
Accounts receivable
EUR 37,070,655.59
Amounts due from shareholders
EUR 4,246,990.78
Trade debtors
EUR 19,069,453.43
Amounts due from related companies
EUR 13,597,386.13
Amounts due from investee companies
EUR 47,115.10
Other debtors and assets
EUR 109,710.15
Liquid means
EUR 1,016,999.73
Remaining other assets
EUR 181,723.18
Accruals (assets) EUR 155,215.14
Active difference from asset
offsetting
EUR 26,508.04
LIABILITIES EUR 108,784,961.42
Shareholders' equity
EUR 55,313,790.44
Capital
EUR 20,000,000.00
Subscribed capital (share capital)
EUR 20,000,000.00
Reserves
EUR 7,216,204.20
Capital reserves EUR 7,216,204.20
Balance sheet profit/loss (+/-)
EUR 28,097,586.24
Balance sheet profit / loss
EUR 28,097,586.24
Provisions
EUR 14,492,295.78
Pension provisions and comparable
provisions
EUR 4,242,217.00
Provisions for taxes
EUR 5,404,620.28
Other / unspecified provisions
EUR 4,845,458.50
Liabilities
EUR 38,978,875.20
Financial debts
EUR 31,309,073.00
Liabilities due to banks
EUR 31,309,073.00
Other liabilities
EUR 7,669,802.20
Trade creditors (for IAS incl. bills
of exchange)
EUR 5,324,414.12
Liabilities from received advance
payments
EUR 138,358.04
Liabililties due to related companiesEUR 1,081,264.26
Unspecified other liabilities EUR 1,125,765.78
thereof liabilities from tax /
financial authorities
EUR 284,591.69
thereof liabilities from social
security
EUR 6,271.31
Guarantees and other commitments
EUR 6,431,000.00
Other guarantees and other commitmentsEUR 6,431,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 182,846,938.73
Inventory change + own costs (+/-)
EUR 3,464,373.77
Inventory change (+/-)
EUR 3,364,763.77
Capitalised own costs
EUR 99,610.00
Other operating income
EUR 4,727,218.44
Cost of materials
EUR 127,274,612.60
Raw materials and supplies, purchased
goods
EUR 125,772,245.01
Purchased services EUR 1,502,367.59
Gross result (+/-)
EUR 63,763,918.34
Staff expenses
EUR 25,213,845.10
Wages and salaries
EUR 21,481,459.22
Social security contributions and
expenses for pension plans and
benefits
EUR 3,732,385.88
Total depreciation
EUR 799,415.13
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 799,415.13
Other operating expenses
EUR 22,083,264.45
Operating result from continuing
operations
EUR 15,667,393.66
Result from participating interests
(+/-)
EUR 1,702,702.77
Expenses / income from participations EUR 1,702,702.77
Interest result (+/-)
EUR -995,422.38
Interest
and similar income EUR 230,615.55
thereof from related companies
EUR 226,659.61
Interest and similar expenses
EUR 1,226,037.93
Other financial result
EUR 79,861.52
Income from securities and loans from
financial assets
EUR 79,861.52
thereof related companies
EUR 79,861.52
Financial result (+/-)
EUR 787,141.91
Result from ordinary operations (+/-)
EUR 16,454,535.57
Income tax / refund of income tax (+/-)EUR -5,203,660.11
Other taxes / refund of taxes
EUR -79,279.18
Tax (+/-)
EUR -5,282,939.29
Annual surplus / annual deficit
EUR 11,171,596.28
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.25 |
|
|
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.