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Report Date : |
19.05.2014 |
IDENTIFICATION DETAILS
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Name : |
CENTA-ANTRIEBE KIRSCHEY GMBH |
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Registered Office : |
Bergische Str. 7 D 42781 Haan Post Box: 11 25, D 42755 Haan |
|
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Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
22.01.1990 |
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Reg. No.: |
HRB 13109 |
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Legal Form : |
Private limited company |
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|
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Line of Business : |
Manufacture of plastic plates,
sheets, tubes and profiles |
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|
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No. of Employees : |
274 |
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 |
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Payment Behaviour : |
No Complaints |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
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 |
CENTA-ANTRIEBE KIRSCHEY GMBH
Company Status: active
Bergische Str. 7
D 42781 Haan
Post Box:
11 25, D 42755 Haan
Telephone:02129/912-0
Telefax:
02129/2790
Homepage:
www.centa.de
E-mail:
centa@centa.de
VAT no.: DE121390182
Tax ID number: 135/5711/0318
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 22.01.1990
Shareholders'
agreement: 22.01.1990
Registered on: 09.04.1990
Commercial Register: Local court 42103
Wuppertal
under: HRB 13109
Share capital: EUR 2,556,459.27
Shareholder:
Bernd Kirschey
Rappenweg 13
D 42329 Wuppertal
born: 11.04.1963
Share: EUR 1,022,583.70
Shareholder:
Dipl.-Ing. Harald
Kirschey
Scottweg 15
D 42329 Wuppertal
born: 27.06.1961
Share: EUR 1,022,583.70
Shareholder:
Gerhard Kirschey
Ittertaler Str. 52
D 42329 Wuppertal
born: 19.10.1933
Share: EUR 242,863.64
Shareholder:
Kunigunde Kirschey
Ittertaler Str. 52
D 42329 Wuppertal
born: 10.09.1937
née: Schäfer
Share: EUR 242,863.64
Shareholder:
Karin Kirschey-Bolten
D 42103 Wuppertal
Share: EUR 25,564.59
Manager:
Bernd Kirschey
Rappenweg 13
D 42329 Wuppertal
having sole power of
representation
born: 11.04.1963
Profession: Fully qualified
merchant
Marital status: married
Manager:
Dipl.-Ing. Harald
Kirschey
Scottweg 15
D 42329 Wuppertal
having sole power of
representation
born: 27.06.1961
Profession: Engineer
Marital status: married
Further
functions/participations of Bernd Kirschey (Manager)
General
partner:
Gerhard Kirschey +
Kunigunde Kirschey +
Bernd Kirschey + Harald
Kirschey + Karin
Kirschey
Bergische Str. 7
D 42781 Haan
Legal form: Partnership
under the Civil Code
Further functions/participations
of Dipl.-Ing. Harald Kirschey
(Manager)
General
partner:
Gerhard Kirschey +
Kunigunde Kirschey +
Bernd Kirschey + Harald
Kirschey + Karin
Kirschey
Bergische Str. 7
D 42781 Haan
Legal form: Partnership
under the Civil Code
General
partner:
Stefan Koch + Harald
Kirschey
Gambrinusstr. 10
D 42119 Wuppertal
Legal form: Partnership
under the Civil Code
Main
industrial sector
22210
Manufacture of plastic plates, sheets, tubes and profiles
28150
Manufacture of bearings, gears, gearing and driving elements
Shareholder:
EKO GmbH
Seebühlstr. 3
D 77833 Ottersweier
Legal form: Private
limited company
Company Status: active
Share
capital: EUR 1,000,000.00
Share: EUR 500,000.00
Reg. data: 25.08.2008
Local court
68159 Mannheim
HRB 704952
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Bergische
Str. 7
D 42781 Haan
Real Estate of: Bernd
Kirschey
Type of ownership: part
owner
Share: 30.00 %
Address Bergische
Str. 7
D 42781 Haan
Value at selling price: EUR 3,750,000.00
Encumbrances: EUR 2,500,000.00
Real Estate of: Bernd
Kirschey
Type of ownership: proprietor
Share: 100.00 %
Address Rappenweg
13
D 42329
Wuppertal
Value at selling price: EUR 300,000.00
Real Estate of: Dipl.-Ing.
Harald Kirschey
Type of ownership: part
owner
Share: 30.00 %
Address Bergische
Str. 7
D 42781 Haan
Value at selling price: EUR 3,750,000.00
Encumbrances: EUR 2,500,000.00
Real Estate of: Dipl.-Ing.
Harald Kirschey
Type of ownership: proprietor
Share: 100.00 %
Address Scottweg
15
D 42329
Wuppertal
Value at selling price: EUR 350,000.00
Encumbrances: EUR 40,000.00
Land register documents were not available.
COMMERZBANK, 40702 HILDEN
Sort. code: 30040000, Account no.: 699931200
BIC: COBADEDDXXX
DEUTSCHE BANK, 42097 WUPPERTAL
Sort. code: 33070090
BIC: DEUTDEDWXXX
BNP PARIBAS FORTIS NDL DEUTSCHLAND, 60327
FRANKFURT AM MAIN
Sort. code: 37010600, Account no.: 1087431126
BIC: GEBADE33XXX
POSTBANK, 45125 ESSEN, RUHR
Sort. code: 36010043
BIC: PBNKDEFFXXX
STADT-SPARKASSE HAAN, 42781 HAAN, RHEINL
Sort. code: 30351220
BIC: WELADED1HAA
Equipment: EUR 1,356,994.00
Ac/ts receivable: EUR 9,809,514.00
Liabilities: EUR 11,394,622.00
Employees: 274
-
thereof permanent staff: 257
-
Trainees:
17
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 60.86
Liquidity ratio: 1.01
Return on total capital [%]: 10.43
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 35,206,336.86
Fixed assets
EUR 7,695,898.70
Intangible assets
EUR 696,687.32
Concessions, licences, rights
EUR 692,275.53
Advance payments for intang. assets
EUR 4,411.79
Tangible assets
EUR 3,402,960.99
Plant / machinery
EUR 2,003,585.95
Other tangible assets / fixtures and
fittings
EUR 1,356,994.16
Advance payments made / construction
in progress
EUR 42,380.88
Financial assets
EUR 3,596,250.39
Shares in participations /
subsidiaries and the like
EUR 3,045,875.25
Shares in related companies
EUR 2,306,865.14
Shares in investee companies
EUR 739,010.11
Loans to participations /
subsidiaries and the like
EUR 493,960.38
Loans to investee companies
EUR 493,960.38
Other / unspecified financial assets EUR 56,414.76
Current assets
EUR 27,408,005.05
Stocks
EUR 17,553,310.35
Raw materials, consumables and
supplies
EUR 12,352,581.29
Finished goods / work in progress
EUR 5,200,729.06
Accounts receivable
EUR 9,809,513.75
Trade debtors
EUR 3,731,417.93
Amounts due from related companies
EUR 2,730,636.14
Amounts due from investee companies
EUR 278,198.63
Other debtors and assets
EUR 3,069,261.05
Liquid means
EUR 45,180.95
Remaining other assets
EUR 102,433.11
Accruals (assets)
EUR 102,433.11
LIABILITIES EUR 35,206,336.86
Shareholders' equity
EUR 17,616,691.48
Capital
EUR 2,556,459.41
Subscribed capital (share capital)
EUR 2,556,459.41
Balance sheet profit/loss (+/-)
EUR 15,060,232.07
Profit / loss brought forward
EUR 11,411,836.45
Annual surplus / annual deficit
EUR 3,648,395.62
Items between shareholders' equity and
debt capital
EUR 2,000,000.00
Mezzanine financing
EUR 2,000,000.00
Participation
certificate/participation rights
capital
EUR 2,000,000.00
Provisions
EUR 4,195,023.13
Pension provisions and comparable
provisions EUR
1,934,880.96
Other / unspecified provisions
EUR 2,260,142.17
Liabilities
EUR 11,394,622.25
Financial debts
EUR 1,020,798.77
Liabilities due to banks
EUR 1,020,798.77
Other liabilities
EUR 10,373,823.48
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,296,205.15
Liabilities from received advance
payments EUR 109,408.94
Liabililties due to related companiesEUR 401,064.17
Liabilities due to investee companiesEUR 480,770.92
Unspecified other liabilities
EUR 8,086,374.30
thereof liabilities from tax /
financial authorities
EUR 267,697.16
thereof liabilities from social
security
EUR 45,772.55
Guarantees and other commitments
EUR 765,000.00
Guarantees / warranties
EUR 765,000.00
Guarantees
EUR 765,000.00
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Sales EUR 59,334,437.13
Inventory change + own costs (+/-)
EUR 698,259.33
Inventory change (+/-)
EUR 698,259.33
Other operating income
EUR 3,001,048.64
Cost
of materials
EUR 29,001,533.54
Raw materials and supplies, purchased
goods
EUR 28,538,026.05
Purchased services
EUR 463,507.49
Gross result (+/-)
EUR 34,032,211.56
Staff expenses
EUR 18,183,506.76
Wages and salaries
EUR 15,469,919.82
Social security contributions and
expenses for pension plans and
benefits
EUR 2,713,586.94
Total depreciation
EUR 1,291,889.69
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,291,889.69
Other operating expenses
EUR 10,703,217.83
Operating result from continuing
operations
EUR 3,853,597.28
Result from participating interests
(+/-) EUR 989,960.92
Expenses / income from participations EUR 989,960.92
Income from related companies
EUR 989,960.92
Interest result (+/-)
EUR -888,920.64
Interest and similar income
EUR 50,141.15
thereof from related companies
EUR 5,349.93
Interest and similar expenses
EUR 939,061.79
thereof paid to related companies
EUR 13,975.00
Other financial result
EUR 19,681.19
Income from securities and loans from
financial assets
EUR 19,681.19
Financial result (+/-)
EUR 120,721.47
Result from ordinary operations (+/-)
EUR 3,974,318.75
Income tax / refund of income tax (+/-)EUR -315,038.29
Other taxes / refund of taxes
EUR -10,884.84
Tax (+/-)
EUR -325,923.13
Annual
surplus / annual deficit EUR 3,648,395.62
Inconsistent balance sheets:
Financial year published on
01.01.2010 - 31.12.2010 13.02.2012
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.86 |
|
|
1 |
Rs.98.82 |
|
Euro |
1 |
Rs.80.71 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.