|
Report Date : |
11.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
KIESEL GMBH |
|
|
|
|
Registered Office : |
Baindter Str. 29 D 88255 Baienfurt |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
05.02.1990 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of machinery, equipment and supplies |
|
|
|
|
No. of Employees : |
07 |
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 |
KIESEL GMBH
Baindter Str. 29
D 88255 Baienfurt
Telephone:0751/50040
Telefax: 0751/5004888
Homepage: www.kiesel.net
E-mail: info@kiesel.net
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 1989
Shareholders'
agreement: 27.12.1989
Registered on: 05.02.1990
Commercial Register: Local court 89073 Ulm
under: HRB
551087
Share capital: EUR 400,000.00
Shareholder:
Toni
Christoph Kiesel
Erlenweg 32
D
88212 Ravensburg
born:
26.08.1959
Share: EUR 136,000.00
Shareholder:
Rainer
Kiesel
Tettnanger Str. 45
D
88214 Ravensburg
born:
01.08.1963
Share: EUR 132,000.00
Shareholder:
Jochen
Kiesel
Schumannweg 7
D
88276 Berg
born:
17.01.1967
Share: EUR 132,000.00
Manager:
Toni
Christoph Kiesel
Erlenweg 32
D
88212 Ravensburg
having
sole power of representation
born:
26.08.1959
Profession:
degree-level economist (college
ed.)
Manager:
Jochen
Lang
D
88212 Ravensburg
born:
24.03.1960
Further
functions/participations of Toni Christoph Kiesel
(Manager)
Limited partner:
K-TEG
Kiesel Technologie und Entwicklung
GmbH
& Co. KG
Baindter Str. 29
D
88255 Baienfurt
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 250,000.00
contribution:
Share: EUR 142,500.00
Registered
on: 17.11.2010
Reg.
data: 89073 Ulm, HRA 722229
Shareholder:
Kiesel
Technologie und Entwicklung
Verwaltungs GmbH
Baindter Str. 29
D
88255 Baienfurt
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 15.11.2010
Reg.
data: 89073 Ulm, HRB 725762
Manager:
Kiesel
Ost GmbH
Baindter Str. 21
D 88255 Baienfurt
Legal
form: Private limited company
Share
capital: EUR 1,100,000.00
Registered
on: 17.01.2008
Reg.
data: 89073 Ulm, HRB 721848
Manager:
Kiesel
Süd GmbH
Baindter Str. 29
D
88255 Baienfurt
Legal
form: Private limited company
Share
capital: EUR 5,100,000.00
Registered
on: 16.01.2008
Reg.
data: 89073 Ulm, HRB 721836
Manager:
Kiesel
Verwaltungs GmbH
Baindter Str. 29
D 88255 Baienfurt
Legal
form: Private limited company
Share
capital: EUR 30,000.00
Registered
on: 19.05.2008
Reg. data:
89073 Ulm, HRB 722267
Manager:
Kiesel
West GmbH
Baindter Str. 21
D
88255 Baienfurt
Legal
form: Private limited company
Share
capital: EUR 1,000,000.00
Registered
on: 09.11.2005
Reg.
data: 89073 Ulm, HRB 552771
Manager:
Kiesel
Technologie und Entwicklung
Verwaltungs
GmbH
Baindter Str. 29
D
88255 Baienfurt
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 15.11.2010
Reg.
data: 89073 Ulm, HRB 725762
Manager:
Kiesel
Abbruch- und Recycling Technik GmbH
Wiesental Weg 3
D
89129 Langenau
Legal form: Private limited
company
Share
capital: EUR 1,050,000.00
Registered
on: 12.02.2013
Reg.
data: 89073 Ulm, HRB 728905
Manager:
Kiesel
Mitte GmbH
Baindter Str. 29
D
88255 Baienfurt
Legal
form: Private limited company
Share
capital: EUR 2,100,000.00
Registered
on: 18.04.2006
Reg.
data: 89073 Ulm, HRB 552814
Manager:
Kiesel
Südost GmbH
Baindter Str. 29
D 88255
Baienfurt
Legal
form: Private limited company
Share
capital: EUR 1,000,000.00
Registered
on: 16.01.2008
Reg.
data: 89073 Ulm, HRB 721838
05.02.1990 -
10.04.2002 KIESEL BAUMASCHINEN
HANDELS-GMBH
Baindter Str. 21
D
88255 Baienfurt
Private limited company
10.04.2002 - 2013 Kiesel GmbH
Baindter Str. 21
D
88255 Baienfurt
Private limited company
Main industrial sector
4669 Wholesale of other machinery, equipment and
supplies
77320 Renting and leasing
of construction and civil engineering
machinery and equipment
96090 Other service
activities n. e. c.
Limited partner:
Kiesel
Nord GmbH & Co.KG
Baindter
Str. 29
D
88255 Baienfurt
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total
cap. EUR 2,659,115.85
contribution:
Share: EUR 2,639,115.85
Reg.
data: 02.04.2008
Local court 89073 Ulm
HRA 721017
Limited partner:
Kiesel
Finance GmbH & Co. KG
Baindter Str. 29
D
88255 Baienfurt
Legal
form: Ltd partnership with priv. ltd.
company as general
partner
Company Status: active
Total
cap. EUR 50,000.00
contribution:
Share: EUR 50,000.00
Reg.
data: 12.08.2009
Local court 89073 Ulm
HRA 721637
Shareholder:
Kiesel
Süd GmbH
Baindter Str. 29
D 88255 Baienfurt
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 5,100,000.00
Share: EUR 5,100,000.00
Reg.
data: 16.01.2008
Local court 89073 Ulm
HRB 721836
Shareholder:
Kiesel
Mitte GmbH
Baindter Str. 29
D 88255 Baienfurt
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 2,100,000.00
Share: EUR 1,900,000.00
Reg.
data: 18.04.2006
Local court 89073 Ulm
HRB 552814
Shareholder:
Kiesel
Ost GmbH
Baindter Str. 21
D 88255 Baienfurt
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 1,100,000.00
Share: EUR 1,100,000.00
Reg.
data: 17.01.2008
Local court 89073 Ulm
HRB 721848
Shareholder:
Kiesel
Abbruch- und Recycling Technik GmbH
Wiesental Weg 3
D
89129 Langenau
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 1,050,000.00
Share: EUR 1,050,000.00
Reg.
data: 12.02.2013
Local court 89073 Ulm
HRB 728905
Shareholder:
Kiesel
Südost GmbH
Baindter Str. 29
D
88255 Baienfurt
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Reg.
data: 16.01.2008
Local court 89073 Ulm
HRB 721838
Shareholder:
Kiesel
West GmbH
Baindter Str. 21
D
88255 Baienfurt
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 1,000,000.00
Share: EUR 900,000.00
Reg.
data: 09.11.2005
Local court 89073 Ulm
HRB 552771
Shareholder:
Kiesel
Koops GmbH
Baindter Str. 29
D
88255 Baienfurt
Legal
form: Private limited company
Company Status: in liquidation
since: 06.09.2013
Share capital: EUR 335,000.00
Share: EUR 235,000.00
Reg.
data: 14.03.2007
Local court 89073 Ulm
HRB 720789
Shareholder:
Kiesel
Verwaltungs GmbH
Baindter Str. 29
D
88255 Baienfurt
Legal
form: Private limited company
Company Status: active
Share capital: EUR 30,000.00
Share: EUR 30,000.00
Reg.
data: 19.05.2008
Local court 89073 Ulm
HRB 722267
Shareholder:
Kiesel
Finance Management GmbH
Baindter Str. 29
D
88255 Baienfurt
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 2,500.00
Reg.
data: 27.07.2009
Local court 89073 Ulm
HRB 723876
Payment experience: within
agreed terms
Negative information:We
have no negative information at hand.
BALANCE SHEET
YEAR: 2011
Type of ownership: Tenant
Address Bahnhofstr.
15
D 01156 Dresden
Type of ownership: proprietor
Share: 100.00 %
Address Alpenstr.
71
D 87700 Memmingen
Type of ownership: proprietor
Share: 100.00 %
Address Im
Espel 4
D 78187 Geisingen
Type of ownership: proprietor
Share: 100.00 %
Address Zörbiger
Str. 6a
D 06188 Landsberg
Type of ownership: unknown
Address Baindter
Str. 29
D 88255 Baienfurt
Land register documents
were not available.
BADEN-WÜRTTEMB.BANK/LANDESBANK
BADEN-WÜRTTEMB., BAD SAULGAU
Sort. code: 60050101,
Account no.: 4508429, BIC: SOLADEST600
KREISSPARKASSE RAVENSBURG,
BAIENFURT
Sort. code: 65050110, BIC:
SOLADES1RVB
Equipment: EUR 813,778.00
Ac/ts receivable: EUR 41,562,365.00
Liabilities: EUR 79,454,321.00
Employees:
88
- thereof permanent
staff:
80
- Part-time employees: 1
- Trainees:
7
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 39.40
Liquidity ratio: 0.57
Return on total capital
[%]: 4.80
Balance sheet grade: 2.4
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 41.65
Liquidity ratio: 0.62
Return on total capital
[%]: 3.63
Balance sheet grade: 2.5
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 37.99
Liquidity ratio: 0.59
Return on total capital
[%]: 2.90
Balance sheet grade: 2.5
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 27.55
Liquidity ratio: 0.63
Return on total capital
[%]: 5.09
Balance sheet grade: 2.9
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
130,824,078.39
Fixed assets EUR
64,679,205.26
Intangible assets EUR
146,771.00
Concessions, licences, rights EUR 146,771.00
Tangible assets EUR
40,904,043.30
Land / similar rights EUR
33,457,648.10
Other tangible assets / fixtures and
fittings EUR 813,778.00
Advance payments made / construction
in progress EUR 6,632,617.20
Financial assets EUR
23,628,390.96
Shares in participations /
subsidiaries and the like
EUR
23,628,390.96
Shares in related companies
EUR 23,575,890.96
Shares in investee companies
EUR 52,500.00
Current assets EUR 65,945,696.65
Stocks EUR 22,930,050.00
Finished goods / work in progress EUR 22,697,525.00
Advance payments made EUR
232,525.00
Accounts receivable EUR
41,562,364.71
Trade debtors EUR
4,161,265.31
Amounts due from related companies EUR
36,258,711.26
Other debtors and assets EUR 1,142,388.14
Liquid means EUR 1,453,281.94
Remaining other assets EUR 199,176.48
Accruals (assets) EUR
199,176.48
LIABILITIES EUR 130,824,078.39
Shareholders' equity EUR
46,563,276.68
Capital EUR
400,000.00
Subscribed capital (share capital) EUR 400,000.00
Reserves EUR 3,618,000.00
Capital reserves EUR
3,618,000.00
Balance sheet profit/loss (+/-) EUR 42,545,276.68
Profit / loss brought forward EUR 36,261,565.12
Annual surplus / annual deficit EUR 6,283,711.56
Provisions EUR 4,806,141.00
Provisions for taxes EUR 1,673,941.00
Other / unspecified provisions EUR 3,132,200.00
Liabilities EUR 79,454,320.71
Financial debts EUR
50,039,341.05
Liabilities due to banks EUR 50,039,341.05
Other liabilities EUR
29,414,979.66
Trade creditors (for IAS incl. bills
of exchange) EUR 20,992,989.41
Liabililties due to related companies EUR 328,486.08
Liabilities due to investee companies EUR
1,186.55
Unspecified other liabilities EUR 8,092,317.62
Other liabilities EUR 340.00
Deferrals (liabilities) EUR
340.00
Guarantees and other commitments EUR 35,246,800.00
Guarantees / warranties EUR 34,202,650.00
Guarantees EUR 34,202,650.00
Liability from creation of a security
interest for third parties EUR 1,044,150.00
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 200,569,323.72
Other operating income EUR 5,321,977.97
Cost of materials EUR
182,990,604.84
Raw materials and supplies, purchased
goods EUR 180,287,661.87
Purchased services EUR
2,702,942.97
Gross result (+/-) EUR 22,900,696.85
Staff expenses EUR 6,558,312.51
Wages and salaries EUR
5,798,184.95
Social security contributions and
expenses for pension plans and
benefits EUR 760,127.56
Total depreciation EUR
1,027,531.27
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,027,531.27
Other operating expenses EUR 6,140,191.45
Operating result from continuing
operations EUR
9,174,661.62
Interest result (+/-) EUR -490,989.80
Interest and similar income EUR
1,286,464.57
thereof from related companies EUR 1,225,414.35
Interest and similar expenses EUR 1,777,454.37
thereof paid to related companies EUR 3,126.74
Financial result (+/-) EUR
-490,989.80
Result from ordinary operations (+/-) EUR 8,683,671.82
Income tax / refund of income tax (+/-) EUR -2,329,374.22
Other taxes / refund of taxes EUR -70,586.04
Tax (+/-) EUR
-2,399,960.26
Annual surplus / annual deficit EUR
6,283,711.56
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 108,936,095.50
Fixed assets EUR 52,611,205.15
Intangible assets EUR
91,747.00
Concessions, licences, rights EUR 91,747.00
Tangible assets EUR 30,288,067.19
Land / similar rights EUR
27,841,141.28
Other tangible assets / fixtures and
fittings EUR 2,309,903.00
Advance payments made / construction
in progress EUR 137,022.91
Financial assets EUR
22,231,390.96
Shares in participations /
subsidiaries and the like
EUR
22,231,390.96
Shares in related companies
EUR 22,178,890.96
Shares in investee companies
EUR
52,500.00
Current assets EUR 56,166,089.04
Stocks EUR 18,851,496.00
Finished goods / work in progress EUR 18,851,496.00
Accounts receivable EUR
37,284,423.34
Trade debtors EUR
4,715,384.44
Amounts due from related companies EUR
30,250,577.74
Other debtors and assets EUR 2,318,461.16
Liquid means EUR
30,169.70
Remaining other assets EUR
158,801.31
Accruals (assets) EUR
158,801.31
LIABILITIES EUR 108,936,095.50
Shareholders' equity EUR
42,079,565.12
Capital EUR
400,000.00
Subscribed capital (share capital) EUR 400,000.00
Reserves EUR 3,618,000.00
Capital reserves EUR
3,618,000.00
Balance sheet profit/loss (+/-)
EUR
38,061,565.12
Profit / loss brought forward EUR 34,110,846.13
Annual surplus / annual deficit
EUR
3,950,718.99
Provisions EUR
3,583,152.00
Provisions for taxes EUR
1,099,989.00
Other / unspecified provisions EUR
2,483,163.00
Liabilities EUR
63,273,378.38
Financial debts EUR
30,586,871.13
Liabilities due to banks
EUR
30,586,871.13
Other liabilities
EUR
32,686,507.25
Trade creditors (for IAS incl. bills
of exchange) EUR 21,371,090.36
Liabilities due to investee companies EUR
1,521.97
Unspecified other liabilities EUR 11,313,894.92
thereof liabilities from tax /
financial authorities
EUR
2,535,179.45
thereof liabilities from social
security
EUR 5,346.20
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR
138,904,445.48
Other operating income EUR 6,438,574.37
Cost of materials EUR 126,163,716.69
Raw materials and supplies, purchased
goods EUR 124,778,510.20
Purchased services EUR
1,385,206.49
Gross result (+/-) EUR
19,179,303.16
Staff expenses EUR 5,436,140.46
Wages and salaries EUR
4,797,929.75
Social security contributions and
expenses for pension plans and
benefits EUR 638,210.71
Total depreciation EUR
1,127,856.10
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,127,856.10
Other operating expenses EUR 6,632,247.34
Operating result from continuing
operations EUR 5,983,059.26
Interest result (+/-) EUR
-324,495.96
Interest and similar income EUR 1,093,681.11
thereof from related companies EUR 1,044,246.75
Interest and similar expenses EUR 1,418,177.07
thereof paid to related companies EUR 4,937.67
Financial result (+/-) EUR -324,495.96
Result from ordinary operations (+/-) EUR 5,658,563.30
Income tax / refund of income tax (+/-) EUR -1,644,615.00
Other taxes / refund of taxes EUR -63,229.31
Tax (+/-) EUR -1,707,844.31
Annual
surplus / annual deficit EUR 3,950,718.99
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.31 |
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.