|
Report Date : |
12.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
KÜNKEL-WAGNER STAHL GMBH |
|
|
|
|
Registered Office : |
In Breiten 6, D 78589 Dürbheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
20.12.1991 |
|
|
|
|
Com. Reg. No.: |
HRB 460902 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Manufacture
of instruments and appliances for measuring, testing and navigation ·
Manufacture
of electricity distribution and control equipment ·
Wholesale of
computers, computer peripheral equipment and software |
|
|
|
|
No. of Employees : |
40 |
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 |
|
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 |
KÜNKEL-WAGNER STAHL GMBH
Company Status: active
In Breiten 6
D 78589
Dürbheim
Telephone:07424/98240-0
Telefax:
07424/98240-95
Homepage: www.kwstahl.com
E-mail:
info@kwstahl.com
VAT no.: DE142939705
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 20.12.1991
Registered on: 10.02.1992
Commercial Register: Local court 70190 Stuttgart
under: HRB
460902
Share
capital: EUR 260,000.00
Shareholder:
Künkel-Wagner
Prozesstechnologie GmbH
Hannoversche Str. 59
D 31061 Alfeld
Legal form: Private
limited company
Share
capital: EUR 2,556,500.00
Share: EUR 234,000.00
Registered on: 21.02.1994
Reg. data: 31134
Hildesheim, HRB 110158
Shareholder:
Helmut Specker
Hintere Dorfstr. 20
D 78601 Mahlstetten
born: 03.07.1958
Share: EUR 26,000.00
Manager:
Helmut Specker
Hintere Dorfstr. 20
D 78601 Mahlstetten
having sole power of
representation
born: 03.07.1958
Profession: Designer
Marital status: married
Proxy:
Reiner Ackermann
D 78588 Denkingen
authorized to jointly
represent the company
born: 27.09.1955
Proxy:
Marco Spitznagel
D 78606
Seitingen-Oberflacht
authorized to jointly
represent the company
born: 28.03.1983
Further
functions/participations of Helmut Specker (Manager)
Shareholder:
Stengelin - Specker Umwelttechnik
GmbH
In Breiten 6
D 78589 Dürbheim
Legal form: Private
limited company
Share capital: EUR 50,000.00
Share: EUR 25,000.00
Registered
on: 24.07.2006
Reg. data: 70190 Stuttgart, HRB 460982
Shareholder:
Solar-Farm Hüfingen GmbH
Im Lachengrund 36
D 78658 Zimmern
Legal form: Private
limited company
Share capital: EUR 50,000.00
Share: EUR 20,000.00
Registered
on: 30.12.2008
Reg. data: 70190 Stuttgart, HRB 728359
Shareholder:
bes new Energy GmbH
In Breiten 6
D 78589 Dürbheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,750.00
Registered
on: 11.12.2012
Reg. data: 70190 Stuttgart, HRB 743313
Manager:
Solar-Farm Hüfingen GmbH
Im Lachengrund 36
D 78658 Zimmern
Legal form: Private limited company
Share capital: EUR 50,000.00
Registered
on: 30.12.2008
Reg. data: 70190 Stuttgart, HRB 728359
Manager:
Stengelin - Specker
Umwelttechnik GmbH
In Breiten 6
D 78589 Dürbheim
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 24.07.2006
Reg. data: 70190 Stuttgart, HRB 460982
Manager:
Solarpark Denkingen GmbH
Mühlgasse 15/1
D 78588 Denkingen
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 28.06.2011
Reg. data: 70190 Stuttgart, HRB 737938
Manager:
EPD Energiepark Dürbheim
GmbH
In Breiten 6
D 78589 Dürbheim
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 14.12.2009
Reg. data: 70190 Stuttgart, HRB 732096
Manager:
Solarpark Deilingen GmbH
Hauptstr. 1
D 78586 Deilingen
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 23.05.2012
Reg. data: 70190 Stuttgart, HRB 741346
Manager:
bes new Energy GmbH
In Breiten 6
D 78589 Dürbheim
Legal form: Private
limited company
Share
capital: EUR 25,000.00
Registered
on: 11.12.2012
Reg. data: 70190 Stuttgart, HRB 743313
10.02.1992 - 31.03.2005 BES GmbH
Betriebstechnik Elektrotechnik,
Steuerungstechnik
Eisenbahnstr. 84
D 78573 Wurmlingen
Private limited company
01.04.2005 - 14.01.2013 BES
GmbH Betriebstechnik Elektrotechnik,
Steuerungstechnik
In Breiten 6
D 78589 Dürbheim
Private limited company
Sectors
26512
Manufacture of instruments and appliances for measuring, testing and
navigation
2712
Manufacture of electricity distribution and control equipment
2829
Manufacture of other general-purpose machinery n.e.c.
46510
Wholesale of computers, computer peripheral equipment and software
Payment experience: within
periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type
of ownership: Tenant
Address In Breiten 6
D 78589 Dürbheim
Land register documents were not available.
Principal banks
VOLKSBANK ULM-BIBERACH, 89129 LANGENAU, WÜRTT
Sort. code: 63090100, Account no.: 746666004
BIC: ULMVDE66XXX, IBAN: DE34630901000746666004
RAIFFEISENBANK DONAU-HEUBERG, 78568 MÜHLHEIM
AN DER DONAU
Sort. code: 64361359
BIC: GENODES1RDH
KREISSPARKASSE TUTTLINGEN, 78502 TUTTLINGEN
Sort. code: 64350070, Account no.: 68286
BIC: SOLADES1TUT, IBAN: DE34643500700000068286
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101
BIC: SOLADEST600
Turnover: 2013 EUR 5,000,000.00
Expected
turnover: EUR 5,000,000.00
Equipment: *EUR
300,000.00
Ac/ts receivable: EUR
487,888.00
Liabilities: EUR 2,237,618.00
Total numbers of vehicles: 37
- Lorries:
7
- Passenger cars: 18
Employees:
40
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 6.78
Liquidity ratio: 0.22
Return on total capital [%]: 58.52
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -150.91
Liquidity ratio: 0.14
Return on total capital [%]: 1.12
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: -60.47
Liquidity ratio: 0.09
Return on total capital [%]: -0.78
Balance sheet grade: 4.7
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 2,979,113.12
Fixed assets
EUR 198,692.66
Intangible assets
EUR 2,572.00
Other / unspecified intangible assetsEUR 2,572.00
Tangible assets
EUR 142,009.00
Other / unspecified tangible assets
EUR 142,009.00
Financial assets
EUR 54,111.66
Other
/ unspecified financial assets EUR
54,111.66
Current assets
EUR 2,779,150.46
Stocks
EUR 2,254,329.83
Accounts receivable
EUR 487,888.41
Other debtors and assets
EUR 487,888.41
Liquid means
EUR 36,932.22
Remaining other assets
EUR 1,270.00
Accruals (assets)
EUR 1,270.00
LIABILITIES EUR 2,979,113.12
Shareholders' equity
EUR 203,050.51
Capital
EUR 260,000.00
Subscribed capital (share capital)
EUR 260,000.00
Reserves
EUR 816,000.00
Capital reserves
EUR 816,000.00
Balance sheet profit/loss (+/-)
EUR -872,949.49
Balance sheet profit / loss
EUR -872,949.49
Provisions
EUR 538,444.12
Liabilities
EUR 2,237,618.49
Other liabilities
EUR 2,237,618.49
Unspecified other liabilities
EUR 2,237,618.49
Type of
balance sheet: Company
balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 4,263,331.99
Fixed assets EUR 69,413.14
Intangible assets
EUR 19.00
Other / unspecified intangible assetsEUR 19.00
Tangible assets
EUR 24,351.00
Other
/ unspecified tangible assets EUR 24,351.00
Financial assets
EUR 45,043.14
Other / unspecified financial assets EUR 45,043.14
Current assets
EUR 1,961,687.39
Stocks
EUR 1,018,478.84
Accounts receivable
EUR 917,253.65
Other debtors and assets
EUR 917,253.65
Liquid means
EUR 25,954.90
Remaining other assets
EUR 2,232,231.46
Accruals (assets)
EUR 2,401.00
Deficit not covered by shareholders'
equity
EUR 2,229,830.46
LIABILITIES EUR 4,263,331.99
Shareholders' equity
EUR 0.00
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Reserves
EUR 350,000.00
Capital reserves
EUR 350,000.00
Balance sheet profit/loss (+/-)
EUR -2,605,830.46
Balance sheet profit / loss EUR
-2,605,830.46
Other shareholders' equity (+/-)
EUR 2,229,830.46
Deficit not covered by shareholders'
equity
EUR 2,229,830.46
Provisions
EUR 203,210.00
Liabilities
EUR 4,060,121.99
Other liabilities
EUR 4,060,121.99
Unspecified other liabilities
EUR 4,060,121.99
Inconsistent
balance sheets:
Financial
year published on
01.01.2009 - 31.12.2009 28.05.2010
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.70 |
|
|
1 |
Rs.100.97 |
|
Euro |
1 |
Rs.84.16 |
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.