|
Report Date : |
20.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
KMT GMBH |
|
|
|
|
Registered Office : |
Auf der Laukert 11 D 61231 Bad Nauheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
13.12.2005 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Manufacture
of special-purpose machinery [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
No. of Employees : |
47 |
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 – 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 |
|
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 6.5% 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 |
KMT GMBH
Company Status: active
Auf der Laukert 11
D 61231 Bad Nauheim
Telephone:06032/9970
Telefax: 06032/997274
Homepage: www.kmt-waterjet.com
E-mail: info@kmt-waterjet.com
VAT no.: DE811461437
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 20.05.2003
Shareholders'
agreement: 20.05.2003
Registered on: 13.12.2005
Commercial Register: Local court 61169 Friedberg
under: HRB
5829
Share capital: EUR 4,000,000.00
Shareholder:
KMT WaterJet AB
S - Stockholm
Legal form: Other legal form
Share: EUR 4,000,000.00
Manager:
Dirk Potthoff
D 47798 Krefeld
born: 09.12.1970
Proxy:
Wolfgang Witt
D 61231 Bad Nauheim
born: 06.05.1955
Proxy:
Thorsten Holger Kilb
D 65510 Idstein
having sole power of
representation
born: 29.08.1971
Proxy:
Marlin Jakobsson
D 60265 Frankfurt
having sole power of
representation
born: 18.12.1981
Nationality: Swedish
02.10.2003 - 19.05.2004 OF-THE-SHELF 8. Verwaltungs GmbH
Alstertor 14
D 20095 Hamburg
Private limited
company
19.05.2004 - 21.05.2004 Karolin Machine Tool GmbH
Kehrwieder 12
D 20457 Hamburg
Private limited
company
21.05.2004 - 28.06.2005 KMT Waterjet Systems GmbH
Auf der Laukert 11
D 61231 Bad Nauheim
Private limited
company
10.07.2012 - 15.01.2014 Manager
Kevin McManus
D 61231 Bad Nauheim
10.08.2011 - 02.07.2012 Manager
Marlin Jakobsson
D 60265 Frankfurt
07.09.2006 - 28.07.2011 Manager
Bernd Vollmer
D 61231 Bad Nauheim
Main industrial sector
2899
Manufacture of other special-purpose machinery n.e.c.
46692 Wholesale of other machinery
Secondary industrial sector
82999
Other business support service activities n. e. c.
Payment
experience: cash discount/within agreed
terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Auf
der Laukert 11
D 61231 Bad Nauheim
Land register documents were not available.
Principal bank
SEB MERCHANT BANKING, 60283 FRANKFURT AM MAIN
Sort. code: 51220200, Account no.: 30995004
BIC: ESSEDEFFXXX, IBAN: DE48512202000030995004
Turnover: 2012 EUR 26,921,130.00
2013
EUR 25,000,000.00
Profit: 2012 EUR 837,419.00
further business figures:
Equipment: EUR 207,551.00
Ac/ts receivable: EUR
7,018,053.00
Liabilities: EUR 2,652,009.00
Total numbers of vehicles: 2
- Passenger cars: 2
Employees:
47
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 64.62
Liquidity ratio: 4.33
Return on total capital [%]: 7.98
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 60.54
Liquidity ratio: 3.43
Return on total capital [%]: 18.38
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 39.50
Liquidity ratio: 2.26
Return on total capital [%]: 4.87
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 52.68
Liquidity ratio: 4.62
Return on total capital [%]: 3.32
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: 01.01.2012
- 31.12.2012
ASSETS EUR 15,550,034.46
Fixed assets EUR 3,847,391.00
Intangible assets EUR
3,127,057.49
Concessions, licences, rights EUR 153,744.49
Goodwill EUR 2,973,313.00
Tangible assets EUR
633,925.59
Land / similar rights EUR
186,873.71
Plant / machinery EUR
239,500.66
Other tangible assets / fixtures and
fittings EUR
207,551.22
Financial assets EUR 86,407.92
Shares in participations /
subsidiaries and the like EUR 86,407.92
Shares in related companies
EUR 86,407.92
Current assets EUR 11,661,450.62
Stocks EUR
3,129,217.24
Accounts receivable EUR
7,018,052.84
thereof total due from shareholders EUR 2,087,532.21
Trade debtors EUR
3,888,734.28
Amounts due from related companies EUR
2,437,141.47
Other debtors and assets EUR 692,177.09
Liquid means EUR 1,514,180.54
Remaining other assets EUR 41,192.84
Accruals (assets) EUR
41,192.84
LIABILITIES EUR 15,550,034.46
Shareholders' equity EUR
11,838,662.72
Capital EUR 4,000,000.00
Subscribed capital (share capital) EUR 4,000,000.00
Reserves EUR 1,379,564.00
Capital reserves EUR
1,379,564.00
Balance sheet profit/loss (+/-) EUR 6,459,098.72
Profit / loss brought forward
EUR 5,621,679.47
Annual surplus / annual deficit EUR 837,419.25
Provisions EUR 1,059,362.74
Provisions for taxes
EUR 26,487.83
Other / unspecified provisions EUR 1,032,874.91
Liabilities EUR 2,652,009.00
Other liabilities EUR
2,652,009.00
Trade creditors (for IAS incl. bills
of exchange) EUR 402,804.82
Liabilities from received advance
payments EUR 110,104.27
Liabililties due to related companies EUR 1,954,843.40
Unspecified other liabilities EUR 184,256.51
thereof liabilities from social
security
EUR 905.87
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 26,921,129.95
Other operating income EUR
876,908.39
Cost of materials EUR
16,235,971.90
Raw materials and supplies, purchased
goods EUR 16,086,623.05
Purchased services EUR
149,348.85
Gross result (+/-) EUR
11,562,066.44
Staff expenses EUR 3,972,883.89
Wages and salaries EUR
3,439,392.64
Social security contributions and
expenses for pension plans and
benefits EUR 533,491.25
Total depreciation EUR
765,254.66
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR
765,254.66
Other operating expenses EUR 5,856,565.23
Operating result from continuing
operations EUR 967,362.66
Result from participating interests
(+/-) EUR
57,020.00
Expenses / income from participations EUR 57,020.00
Income from related companies EUR 57,020.00
Interest result (+/-) EUR
38,045.42
Interest and similar income EUR 42,799.42
Interest and similar expenses EUR 4,754.00
Financial result (+/-) EUR
95,065.42
Result from ordinary operations (+/-) EUR 1,062,428.08
Income tax / refund of income tax (+/-) EUR -218,349.83
Other taxes / refund of taxes EUR -6,659.00
Tax (+/-)
EUR
-225,008.83
Annual surplus / annual deficit EUR 837,419.25
TYPE OF BALANCE
SHEET: COMPANY BALANCE
SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 14,831,078.54
Fixed assets EUR 4,341,784.70
Intangible assets EUR
3,762,218.19
Concessions, licences, rights EUR 271,807.19
Goodwill
EUR 3,490,411.00
Tangible assets EUR 498,335.22
Land / similar rights EUR
107,442.16
Plant / machinery EUR
260,367.27
Other tangible assets / fixtures and
fittings EUR
130,525.79
Financial assets EUR
81,231.29
Shares in participations /
subsidiaries and the like EUR 81,231.29
Shares in related companies
EUR 81,231.29
Current assets EUR 10,467,282.58
Stocks EUR 3,385,343.21
Accounts receivable EUR
6,342,591.75
thereof total due from shareholders EUR 1,634,651.21
Trade debtors EUR
4,038,560.29
Amounts due from related companies EUR 1,852,151.33
Other debtors and assets EUR 451,880.13
Liquid means EUR 739,347.62
Remaining other assets EUR
22,011.26
Accruals (assets) EUR
22,011.26
LIABILITIES EUR 14,831,078.54
Shareholders' equity EUR
11,001,243.47
Capital EUR 4,000,000.00
Subscribed capital (share capital) EUR 4,000,000.00
Reserves EUR 1,379,564.00
Capital reserves EUR
1,379,564.00
Balance sheet profit/loss (+/-) EUR 5,621,679.47
Profit / loss brought forward EUR 3,837,441.87
Annual surplus / annual deficit
EUR
1,784,237.60
Provisions EUR 1,718,600.98
Provisions for taxes EUR
522,809.00
Other / unspecified provisions EUR 1,195,791.98
Liabilities EUR 2,111,234.09
Other liabilities EUR 2,111,234.09
Trade creditors (for IAS incl. bills
of exchange) EUR 348,762.26
Liabilities from received advance
payments EUR
98,434.55
Liabililties due to related companies EUR
1,436,700.29
Unspecified other liabilities EUR 227,336.99
thereof liabilities from social
security
EUR 1,359.58
Guarantees and other commitments EUR 24,000.00
Sureties / lendings of
creditworthiness EUR
24,000.00
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales EUR 28,160,469.79
Other operating income EUR
1,626,516.16
Cost of materials EUR
17,360,811.86
Raw materials and supplies, purchased
goods EUR 17,243,416.15
Purchased services EUR
117,395.71
Gross result (+/-) EUR
12,426,174.09
Staff expenses EUR 3,461,510.01
Wages and salaries EUR
2,988,279.78
Social security contributions and
expenses for pension plans and
benefits EUR 473,230.23
Total depreciation EUR
774,619.25
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR
774,619.25
Other operating expenses EUR 6,127,358.81
Operating result from continuing
operations EUR 2,062,686.02
Interest result (+/-) EUR
15,723.54
Interest and similar income EUR 16,093.54
Interest and similar expenses EUR 370.00
thereof paid to related companies EUR 0.00
Financial result (+/-) EUR
15,723.54
Result from ordinary operations (+/-) EUR 2,078,409.56
Income tax / refund of income tax (+/-) EUR -288,702.96
Other taxes / refund of taxes EUR -5,469.00
Tax (+/-) EUR -294,171.96
Annual surplus / annual deficit EUR 1,784,237.60
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.12 |
|
|
1 |
Rs.103.93 |
|
Euro |
1 |
Rs.85.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.