|
Report Date : |
11.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
IKS KLINGELNBERG GMBH |
|
|
|
|
Registered Office : |
In der Fleute 18, D 42897 Remscheid |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
1982 |
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|
|
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Com. Reg. No.: |
HRB 11550 |
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|
|
|
Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
Manufacture of cutlery of non-precious metals |
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|
|
|
No. of Employees : |
160 |
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, 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 |
IKS KLINGELNBERG
GMBH
Company Status: active
In der Fleute 18
D 42897 Remscheid
Telephone:02191/969-0
Telefax: 02191/969-111
Homepage: www.interknife.com
E-mail:
info@interknife.com
VAT no.: DE120812676
Tax ID number: 126/5742/1124
LEGAL FORM Private limited company
Date of foundation: 1982
Shareholders'
agreement: 02.04.1982
Registered on: 14.02.1991
Commercial Register: Local court
42103 Wuppertal
under: HRB 11550
Share capital: EUR 8,301,000.00
Shareholder:
TKM GmbH
In der Fleute
18
D 42897
Remscheid
Legal form:
Private limited company
Share capital: EUR 36,642.00
Share: EUR 7,801,000.00
Registered
on: 15.11.2012
Reg. data:
42103 Wuppertal, HRB 24603
Control and
profit transfer agreement
Shareholder:
MeGaLa GmbH
& Co. KG
Enzianweg 40
D 42699
Solingen
Legal form:
Ltd partnership with priv. ltd.
company as
general partner
Total
cap. EUR 20.00
contribution:
Share: EUR 500,000.00
Registered
on: 14.11.2012
Reg. data:
42103 Wuppertal, HRA 23587
Manager:
Thomas Meyer
D 42699
Solingen
having sole
power of representation
born:
10.10.1955
Profession:
Businessman
Marital status: married
Manager:
Axel Müller
Becker-Gundahl-Str. 19
D 81479
München
authorized to
jointly represent the company
born: 07.03.1955
Profession:
Fully qualified economic
engineer
Marital
status: married
Manager:
Dr. Thomas
Klumpen
An der
Nikolauskapelle 23
D 41169 Mönchengladbach
authorized to
jointly represent the company
born:
29.11.1963
Profession:
graduate engineer
Manager:
Christof
Didam
D 40764 Langenfeld
authorized to
jointly represent the company
born:
05.09.1964
Profession:
Businessman
Manager:
Thomas Huhn
D 42477
Radevormwald
authorized to jointly represent the
company
born:
17.07.1964
Profession:
Businessman
Proxy:
Dirk
Lehmkühler
D 42477
Radevormwald
authorized to
jointly represent the company
born:
13.01.1966
Profession:
Businessman
Proxy:
Volker Kölsch
D 42929
Wermelskirchen
Profession:
Businessman
Proxy:
Bernhard Keil
D 42929
Wermelskirchen
Profession:
Businessman
Further
functions/participations of Thomas Meyer (Manager)
Shareholder:
TM
Beteiligungs-GmbH
Enzianweg 40
D 42699
Solingen
Legal form:
Private limited company
Share
capital: EUR 50,000.00
Share: EUR 50,000.00
Registered
on: 03.07.2001
Reg.
data: 42103 Wuppertal, HRB 12290
Manager:
TKM GmbH
In der Fleute
18
D 42897
Remscheid
Legal form:
Private limited company
Share
capital: EUR 36,642.00
Registered
on: 15.11.2012
Reg.
data: 42103 Wuppertal, HRB 24603
Manager:
IKS Messerfabrik Geringswalde GmbH
Mittweidaer
Str. 44
D 09326
Geringswalde
Legal form:
Private limited company
Share
capital: EUR 1,000,000.00
Registered
on: 11.03.1992
Reg.
data: 09112 Chemnitz, HRB 4722
Manager:
IKS
Klingelnberg FAR EAST GmbH
In der Fleute
18
D 42897
Remscheid
Legal form:
Private limited company
Share
capital: EUR 100,000.00
Registered
on: 25.07.1995
Reg.
data: 42103 Wuppertal, HRB 11796
Manager:
Rolf Meyer
GmbH
Heinrich-Hertz-Str. 17
D 22941
Bargteheide
Legal form:
Private limited company
Share
capital: EUR 3,000,000.00
Registered
on: 23.12.1997
Reg.
data: 23568 Lübeck, HRB 3938 AH
Manager:
TM
Beteiligungs-GmbH
Enzianweg 40
D 42699 Solingen
Legal form:
Private limited company
Share
capital: EUR 50,000.00
Registered
on: 03.07.2001
Reg. data: 42103 Wuppertal, HRB 12290
Further
functions/participations of Axel Müller (Manager)
Practising person:
Axel Müller
Stefan-George-Ring 29
D 81929
München
Legal form: Independent
profession
Further
functions/participations of Dr. Thomas Klumpen (Manager)
Manager:
IKS
Messerfabrik Geringswalde GmbH
Mittweidaer
Str. 44
D 09326
Geringswalde
Legal form: Private limited company
Share
capital: EUR 1,000,000.00
Registered
on: 11.03.1992
Reg.
data: 09112 Chemnitz, HRB 4722
Further functions/participations
of Christof Didam (Manager)
Manager:
TKM GmbH
In der Fleute
18
D 42897
Remscheid
Legal form:
Private limited company
Share
capital: EUR
36,642.00
Registered
on: 15.11.2012
Reg.
data: 42103 Wuppertal, HRB 24603
02.04.1982 - 14.02.1991 IKS
Klingelnberg GmbH
D 71297 Mönsheim
Private limited company
Main industrial
sector
25710 Manufacture of cutlery of
non-precious metals
Shareholder:
Rolf Meyer
GmbH
Heinrich-Hertz-Str. 17
D 22941
Bargteheide
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 3,000,000.00
Share: EUR 3,000,000.00
Reg.
data: 23.12.1997
Local court 23568 Lübeck
HRB 3938 AH
Shareholder:
IKS
Messerfabrik Geringswalde GmbH
Mittweidaer
Str. 44
D 09326
Geringswalde
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Reg.
data: 11.03.1992
Local court 09112 Chemnitz
HRB 4722
Shareholder:
IKS Klingelnberg
FAR EAST GmbH
In der Fleute
18
D 42897
Remscheid
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 100,000.00
Share: EUR 100,000.00
Reg.
data: 25.07.1995
Local court 42103 Wuppertal
HRB 11796
Payment experience: within agreed terms
Negative information: We have no
negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address In der Fleute 18
D 42897 Remscheid
Real Estate of: MeGaLa GmbH & Co. KG
Type of ownership: Tenant
Address Enzianweg 40
D 42699 Solingen
Land register documents were not available.
DEUTSCHE BANK, 42897 REMSCHEID
Sort. code: 34070093, Account no.: 5236500
BIC: DEUTDEDW340
Financial year: 01.01. - 31.12.
Turnover: 2012 EUR 49,000,000.00
2013 EUR 50,000,000.00
further business figures:
Share capital:
EUR
8,301,000.00
Employees:
160
Control and profit transfer agreement to:
TKM GmbH
In der Fleute 18
D 42897
Remscheid
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.20 |
|
|
1 |
Rs.102.35 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
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.