|
Report Date : |
17.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
FRITZ KÜBLER GMBH |
|
|
|
|
Registered Office : |
Schubertstr.
47, D 78054 Villingen-Schwenningen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
1960 |
|
|
|
|
Com. Reg. No.: |
HRB 600700 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
263 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
Fritz Kübler GmbH
Schubertstr.
47
D 78054
Villingen-Schwenningen
Telephone: 07720/3903-0
Telefax: 07720/21564
Homepage:
www.kuebler.com
E-mail: info@kuebler.com
DE143021296
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1960
Shareholders'
agreement: 03.01.1980
Registered on: 07.02.1980
Commercial Register: Local court 79098 Freiburg
under: HRB
600700
Share capital: EUR 3,000,000.00
Gebhard Kübler
Schubertstr. 47
D 78054
Villingen-Schwenningen
born: 13.05.1968
Share: EUR 1,350,000.00
Shareholder:
Lothar Werner Kübler
Im Oberdorf 13
D 78661 Dietingen
born: 05.06.1970
Share: EUR 1,350,000.00
Shareholder:
Erika Kübler
An der Sonnhalde 6
D 78073 Bad Dürrheim
Share: EUR 300,000.00
Gebhard Kübler
Schubertstr. 47
D 78054
Villingen-Schwenningen
having sole power of
representation
born: 13.05.1968
Marital status: single
Manager:
Lothar Werner Kübler
Im Oberdorf 13
D 78661 Dietingen
having sole power of
representation
born: 05.06.1970
Profession: Businessman
Marital status: single
Dr. Dirk Clemens
D 87758 Kronburg
authorized to jointly
represent the company
born: 24.11.1964
Proxy:
Florenz Lucius Ritter von
Guttenberg
D 78609 Tuningen
having sole power of
representation
born: 04.06.1954
Proxy:
Stephan Link
D 78073 Bad Dürrheim
authorized to jointly
represent the company
born: 23.08.1979
Proxy:
Carlo Zinn
D 78089 Unterkirnach
authorized to jointly
represent the company
born: 26.08.1969
Further functions/participations of Gebhard
Kübler (Manager)
Manager:
IST Industrie Service
& Technik GmbH
Lehrer-Holl-Str. 6
D 83624 Otterfing
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 05.08.1998
Reg. data: 80333 München, HRB 121488
Further
functions/participations of Lothar Werner Kübler
(Manager)
Manager:
IST Industrie Service
& Technik GmbH
Lehrer-Holl-Str. 6
D 83624 Otterfing
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 05.08.1998
Reg. data: 80333 München, HRB 121488
1960 - 06.02.1980 Fritz Kübler
Schubertstr. 47
D 78054
Villingen-Schwenningen
Unregistered
commercial enterprise
06.02.1980 - 01.08.1996 Ing. Fritz Kübler Zählerfabrik GmbH
Schubertstr.
47
D 78054
Villingen-Schwenningen
Private limited
company
01.08.1996 - 18.10.2013 Fritz Kübler GmbH Zähl- und
Sensortechnik
Schubertstr. 47
D 78054
Villingen-Schwenningen
Private limited
company
Sectors
26512
Manufacture of instruments and appliances for measuring, testing and
navigation
4643 Wholesale of electrical
household appliances and radio and televisiongoods
Shareholder:
IST Industrie Service
& Technik GmbH
Lehrer-Holl-Str. 6
D 83624 Otterfing
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 20,451.68
Reg. data:
05.08.1998
Local court
80333 München
HRB 121488
Payment experience: within agreed terms
Negative information:We have no negative information
at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Schubertstr. 47
D 78054
Villingen-Schwenningen
Land register documents were not available.
Principal banks
COMMERZBANK VILLINGEN U SCHWENNINGEN, 78002
VILLINGEN-SCHWENNINGEN
Sort. code: 69440007
BIC: COBADEFFXXX
SPARKASSE SCHWARZWALD-BAAR, 78001
VILLINGEN-SCHWENNINGEN
Sort. code: 69450065, Account no.: 01300095
BIC: SOLADES1VSS, IBAN: DE06694500650001300095
Gross profit or loss:2012 EUR 21,646,002.00
Profit: 2012 EUR 1,493,181.00
Equipment: EUR 959,183.00
Ac/ts receivable: EUR 7,256,769.00
Liabilities: EUR 1,602,075.00
Employees:
263
-
Trainees:
14
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 78.31
Liquidity ratio: 10.00
Return on total capital [%]: 7.73
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 78.36
Liquidity ratio: 10.00
Return on total capital [%]: 17.43
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 71.61
Liquidity ratio: 10.00
Return on total capital [%]: 16.63
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 70.70
Liquidity ratio: 10.00
Return on total capital [%]: 6.28
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 19,420,850.05
Fixed assets
EUR 3,208,773.72
Intangible assets
EUR 198,086.00
Tangible assets
EUR 2,083,626.65
Plant / machinery
EUR 1,011,603.00
Other tangible assets / fixtures and
fittings
EUR 959,183.00
Advance payments made / construction
in progress
EUR 112,840.65
Financial assets EUR 927,061.07
Shares in participations /
subsidiaries and the like
EUR 865,906.25
Shares in related companies
EUR 865,906.25
Loans to participations /
subsidiaries and the like
EUR 26,024.97
Loans to related companies
EUR 26,024.97
Other / unspecified financial assets EUR 35,129.85
Current assets
EUR 16,153,349.26
Stocks
EUR 3,305,538.00
Accounts receivable
EUR 7,256,768.78
Amounts due from related companies
EUR 1,387,722.58
Other debtors and assets
EUR 5,869,046.20
Liquid means
EUR 5,591,042.48
Remaining other assets
EUR 58,727.07
Accruals (assets)
EUR 58,727.07
LIABILITIES EUR 19,420,850.05
Shareholders' equity
EUR 15,230,674.74
Capital
EUR 3,000,000.00
Subscribed capital (share capital)
EUR 3,000,000.00
Reserves EUR
10,737,493.48
Retained earnings / revenue reserves EUR 10,737,493.48
Balance sheet profit/loss (+/-)
EUR 1,493,181.26
Annual surplus / annual deficit
EUR 1,493,181.26
Provisions EUR 2,588,099.97
Liabilities
EUR 1,602,075.34
Other liabilities
EUR 1,602,075.34
Liabililties due to related companiesEUR 30,240.92
Unspecified other liabilities
EUR 1,571,834.42
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 21,646,002.84
Staff expenses
EUR 12,886,553.10
Wages and salaries
EUR 10,832,010.80
Social security contributions and
expenses for pension plans and
benefits
EUR 2,054,542.30
Total depreciation
EUR 746,492.19
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 746,492.19
Other operating expenses
EUR 6,035,863.40
Operating result from continuing
operations
EUR 1,977,094.15
Result from participating interests
(+/-)
EUR 48,000.00
Expenses / income from participations EUR 48,000.00
Income from related companies
EUR 48,000.00
Interest result (+/-)
EUR 80,087.30
Interest and similar income
EUR 118,153.54
thereof from related companies
EUR 14,371.55
Interest and similar expenses
EUR 38,066.24
Financial result (+/-)
EUR 128,087.30
Result from ordinary operations (+/-)
EUR 2,105,181.45
Income
tax / refund of income tax (+/-)EUR
-609,544.62
Other taxes / refund of taxes
EUR -2,455.57
Tax (+/-)
EUR -612,000.19
Annual surplus / annual deficit
EUR 1,493,181.26
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 17,496,479.50
Fixed assets
EUR 2,881,961.36
Intangible assets EUR 254,118.00
Other / unspecified intangible assetsEUR 254,118.00
Tangible assets
EUR 1,807,461.94
Plant / machinery
EUR 1,080,044.54
Other tangible assets / fixtures and
fittings
EUR 645,905.00
Advance payments made / construction
in progress
EUR 81,512.40
Financial assets EUR 820,381.42
Shares in participations /
subsidiaries and the like
EUR 765,469.00
Shares in related companies
EUR 765,469.00
Loans to participations /
subsidiaries and the like
EUR 54,612.42
Loans to related companies
EUR 54,612.42
Other / unspecified financial assets EUR 300.00
Current assets
EUR 14,578,415.05
Stocks EUR 3,069,751.00
Accounts receivable
EUR 7,792,027.98
Amounts due from related companies
EUR 2,313,391.93
Other debtors and assets
EUR 5,478,636.05
Liquid means
EUR 3,716,636.07
Remaining other assets
EUR 36,103.09
Accruals (assets)
EUR 36,103.09
LIABILITIES EUR 17,496,479.50
Shareholders' equity
EUR 13,737,493.48
Capital
EUR 3,000,000.00
Subscribed capital (share capital)
EUR 3,000,000.00
Reserves
EUR 7,709,448.03
Retained earnings / revenue reserves EUR 7,709,448.03
Balance sheet profit/loss (+/-)
EUR 3,028,045.45
Annual surplus / annual deficit
EUR 3,028,045.45
Provisions EUR 2,661,063.00
Liabilities
EUR 1,097,923.02
thereof total due to shareholders
EUR 0.00
Other liabilities
EUR 1,097,923.02
Liabililties due to related companiesEUR 25,233.53
Unspecified other liabilities
EUR 1,072,689.49
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 23,087,740.19
Staff expenses
EUR 12,181,816.95
Wages and salaries
EUR 10,336,588.76
Social security contributions and
expenses for pension plans and
benefits
EUR 1,845,228.19
Total depreciation
EUR 604,969.96
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 604,969.96
Other operating expenses
EUR 6,148,460.93
Operating result from continuing
operations
EUR 4,152,492.35
Result from participating interests
(+/-)
EUR 48,000.00
Expenses / income from participations EUR 48,000.00
Income from related companies
EUR 48,000.00
Interest result (+/-)
EUR 41,763.49
Interest and similar income
EUR 89,422.90
thereof from related companies
EUR 12,327.67
Interest and similar expenses
EUR 47,659.41
Financial result (+/-)
EUR 89,763.49
Result from ordinary operations (+/-)
EUR 4,242,255.84
Income tax / refund of income tax (+/-)EUR -1,208,329.80
Other taxes / refund of taxes
EUR -5,880.59
Tax (+/-)
EUR -1,214,210.39
Annual surplus / annual deficit
EUR 3,028,045.45
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.48 |
|
|
1 |
Rs.98.24 |
|
Euro |
1 |
Rs.78.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.