MIRA INFORM REPORT

 

 

Report Date :

06.09..2014

 

IDENTIFICATION DETAILS

 

Name :

KREISSPARKASSE KÖLN

 

 

Registered Office :

Neumarkt 18-24, D 50667 Köln

 

 

Country :

Germany

 

 

Date of Incorporation :

04.04.2000

 

 

Com. Reg. No.:

HRA 15033

 

 

Legal Form :

Statutory Body

 

 

Line of Business :

Credit institutions in the savings bank sector

 

 

No of Employees :

3,995

 

 

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

 

 

COMPANY NAME

 

KREISSPARKASSE KÖLN

 

 

Company Status

 

Active

 

 

Address

 

Neumarkt 18-24

D 50667 Köln

Telephone:0221/227-01

Telefax:  0221/227-3920

Homepage: www.ksk-koeln.de

E-mail:   info@ksk-koeln.de

 

VAT no.:             DE122786759

 

 

CONCLUSION

 

Business relations are permissible.

 

 

 LEGAL FORM              Statutory body

 Date of foundation:        1853

 Registered on:              04.04.2000

 Register of

 companies:                  Local court 50939 Köln

 under:                          HRA 15033

 

 

President of the Board of Directors

 

                      Alexander Wüerst

                      D 53113 Bonn

                      born: 16.03.1961

 

 

Vice-president of the Board of Directors

 

                      Josef Hastrich

                      D 51429 Bergisch Gladbach

                      born: 09.05.1958

                      Profession: degree-level savings banker

                      Marital status: unknown

 

Member of the Board of Directors

 

                      Christian Bonnen

                      D 50667 Köln

                      born: 15.06.1964

                      Profession: Bank Clerk

Member of the Board of Directors:

                      Volker Wolf

                      D 50259 Pulheim

                      born: 06.09.1957

                      Profession: Businessman

 Member of the Board of Directors:

                      Dr. Klaus Tiedeken

                      D 50259 Pulheim

                      born: 23.07.1958

 Member of the Board of Directors:

                      Wolfgang Schmitz

                      D 50667 Köln

 

 

Deputy of the Board of Directors

 

                      Udo Buschmann

                      Nikolausstr. 36

                      D 50374 Erftstadt

                      born: 08.05.1962

                      Profession: Bank Clerk

                      Marital status: married

 

President of the Administrative Board

 

                      Werner Stump

                      D 50667 Köln

 

 Further functions/participations of Alexander Wüerst (President of the Board of Directors)

 

 

Member of the Board of Directors

 

                      Lew Kopelew Forum e.V.

                      Neumarkt 18a

                      D 50667 Köln

                      Legal form: Registered association

                      Registered

                      on:         11.05.1998

                      Reg. data:  50939 Köln, VR 12794

 

President of the Supervisory Board

 

                      Deutsche Leasing AG

                      Frölingstr. 15-31

                      D 61352 Bad Homburg

                      Post Box:

                      13 51, D 61283 Bad Homburg

                      Legal form: Public limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         13.08.1999

                      Reg. data:  61352 Bad Homburg, HRB 6595

Member of the Supervisory Board:

                      Provinzial Rheinland Versicherung AG Die

                      Versicherung der Sparkassen

                      Provinzialplatz 1

                      D 40591 Düsseldorf

                      Legal form: Public limited company

                      Share capital:     EUR        100,000,000.00

                      Registered

                      on:         06.09.2001

                      Reg. data:  40227 Düsseldorf, HRB 41241

 

 Further functions/participations of Josef Hastrich

 (Vice-president of the Board of Directors)

 President of the Supervisory Board:

                      NEWS AG

                      Otto-Brenner-Str. 4

                      D 51503 Rösrath

                      Legal form: Public limited company insolvent

                      Share capital:     EUR            105,000.00

                      Registered

                      on:         18.10.2000

                      Reg. data:  50939 Köln, HRB 47383

 

 Further functions/participations of Christian Bonnen (Member of the Board of Directors)

 Member of the Board of Directors:

                      Verband deutscher Pfandbriefbanken

                      Georgenstr. 21

                      D 10117 Berlin

                      Legal form: Registered association

                      Registered

                      on:         24.10.2001

                      Reg. data:  14057 Berlin, VR 21176 B

 Member of the Supervisory Board:

                      neue leben Pensionsverwaltung

                      Aktiengesellschaft

                      Sachsenstr. 8

                      D 20097 Hamburg

                      Legal form: Public limited company

                      Share capital:     EUR          7,750,000.00

                      Registered

                      on:         20.02.2002

                      Reg. data:  20355 Hamburg, HRB 82796

Member of the Supervisory Board:

                      neue leben Pensionskasse Aktiengesellschaft

                      Sachsenstr. 8

                      D 20097 Hamburg

                      Legal form: Public limited company

                      Share capital:     EUR         14,250,000.00

                      Registered

                      on:         12.08.2002

                      Reg. data:  20355 Hamburg, HRB 84477

Member of the Supervisory Board:

                      X-map AG

                      Mittelorbroich 125

                      D 47839 Krefeld

                      Legal form: Public limited company

                      Share capital:     EUR            300,000.00

                      Registered

                      on:         04.06.2004

                      Reg. data:  47798 Krefeld, HRB 10236

 

 Further functions/participations of Dr. Klaus Tiedeken (Member of

 the Board of Directors)

 Member of the Board of Directors:

                      Wissenschaftsförderung der

                      Sparkassen-Finanzgruppe e.V.

                      Simrockstr. 4

                      D 53113 Bonn

                      Legal form: Registered association

                      Registered

                      on:         06.02.1956

                      Reg. data:  53111 Bonn, VR 2718

Member of the Supervisory Board:

                      Deutsche WertpapierService Bank AG

                      Wildunger Str. 14

                      D 60487 Frankfurt

                      Legal form: Public limited company

                      Share capital:     EUR         20,000,000.00

                      Registered

                      on:         27.05.2003

                      Reg. data:  60313 Frankfurt, HRB 56913

 

 Further functions/participations of Udo Buschmann (Deputy of the

 Board of Directors)

 Manager:

                      ST@RT Hürth Zentrum für Technologie und

                      Existenzgründung GmbH

                      Goldenbergstr. 2

                      D 50354 Hürth

                      Legal form: Private limited company

                      Share capital:     EUR            102,258.38

                      Registered

                      on:         24.08.1998

                      Reg. data:  50939 Köln, HRB 44492

 President of the Supervisory Board:

                      GWG Wohnungsgesellschaft mit beschränkter

                      Haftung Rhein-Erft

                      Kölnstr. 16

                      D 50354 Hürth

                      Legal form: Private limited company

                      Share capital:     EUR          5,000,000.00

                      Registered

                      on:         23.08.1940

                      Reg. data:  50939 Köln, HRB 43262

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 64192   Credit institutions in the savings bank sector

 

 

BRANCHES AND FACTORIES

 

Branch:

                      Kreissparkasse Köln

                      Neukirchener Str. 4

                      D 42799 Leichlingen

                      TEL.: 02175/995-0

Branch:

                      Kreissparkasse Köln

                      Frankfurter Str. 112

                      D 53773 Hennef

                      TEL.: 02242/8801-0

Branch:

                      Kreissparkasse Köln

                      Richmodstr. 13

                      D 50667 Köln

Branch:

                      Kreissparkasse Köln

                      Nikolaus-Lauxen-Str. 32

                      D 50259 Pulheim

Branch:

                      Kreissparkasse Köln

                      Siebenmorgen 23

                      D 51427 Bergisch Gladbach

                      TEL.: 02204/2004-0

 

 

PARTICIPATIONS

 

Limited partner:

                      Kredit-Serviceagentur Rheinland in Siegburg

                      GmbH & Co. KG

                      Neue Poststr. 15

                      D 53721 Siegburg

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Company Status: active

                      Total cap.            EUR             99,450.00

                      contribution:

                      Share:                 EUR             45,000.00

                      Reg. data:           07.02.2006

                                                Local court 53721 Siegburg

                                                HRA 4621

Limited partner:

                      Rheinisch-Westfälische

                      Immobilien-Anlagegesellschaft Fonds 40 Hugo

                      Boegemann GmbH & Co. KG - Fonds

                      Kreissparkasse Köln -

                      Völklinger Str. 4

                      D 40219 Düsseldorf

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Company Status: in liquidation

                      since:                 07.05.2012

                      Total cap.            EUR             51,129.18

                      contribution:

                      Share:                 EUR             25,564.59

                      Reg. data:           22.02.1973

                                                Local court 40227 Düsseldorf

                                                HRA 7181

 Limited partner:

                      Zweite KSK Köln Grundbesitz GmbH & Co. KG

                      Neumarkt 18-24

                      D 50667 Köln

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Company Status: active

                      Total cap.            EUR             25,000.00

                      contribution:

                      Share:                 EUR             25,000.00

                      Reg. data:           27.11.2009

                                                Local court 50939 Köln

                                                HRA 27329

 Limited partner:

                      Erste KSK Köln Grundbesitz GmbH & Co. KG

                      Neumarkt 18-24

                      D 50667 Köln

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Company Status: active

                      Total cap.            EUR             25,000.00

                      contribution:

                      Share:                 EUR             25,000.00

                      Reg. data:           30.11.2009

                                                Local court 50939 Köln

                                                HRA 27334

 Limited partner:

                      Acorus Grundstücksverwaltungsgesellschaft

                      mbH & Co. Objekt Burscheid KG

                      Kellinghusener Weg 1

                      D 25551 Lockstedt

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Company Status: active

                      Total cap.            EUR              5,000.00

                      contribution:

                      Share:                 EUR              5,000.00

                      Reg. data:           29.01.2014

                                                Local court 25421 Pinneberg

                                                HRA 7222 PI

 

Shareholder

 

                      KSK Köln Beteiligungsgesellschaft mbH

                      Neumarkt 18-24

                      D 50667 Köln

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR         29,500,000.00

                      Share:             EUR         29,500,000.00

                      Reg. data:  17.05.1995

                                  Local court 50939 Köln

                                  HRB 26093

 Shareholder:

                      KSK-Wagniskapital GmbH

                      Neumarkt 18-24

                      D 50667 Köln

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR         12,782,550.00

                      Share:                 EUR         11,913,336.60

                      Reg. data:           25.06.1996

                                                Local court 50939 Köln

                                                HRB 27535

 Shareholder:

                      Prosystems IT GmbH

                      Rabinstr. 4

                      D 53111 Bonn

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          3,000,000.00

                      Share:                 EUR            605,200.00

                      Reg. data:           21.06.2000

                                                Local court 53111 Bonn

                                                HRB 13189

 Shareholder:

                      PARETO GmbH

                      Neumarkt 8-10

                      D 50667 Köln

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            500,000.00

                      Share:                 EUR            500,000.00

                      Reg. data:           24.05.2000

                                                Local court 50939 Köln

                                                HRB 33448

 Shareholder:    

                      Trowista-Troisdorfer Wirtschaftsförderungs-

                      und Stadtmarketing-Gesellschaft mbH

                      Wilhelm-Hamacher-Str. 2-4

                      D 53840 Troisdorf

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            310,000.00

                      Share:                 EUR             75,000.00

                      Reg. data:           22.10.1999

                                                Local court 53721 Siegburg

                                                HRB 5743

 Shareholder:

                      Unterstützungskasse des Zweckverbandes für

                      die Kreissparkasse Köln mit beschränkter

                      Haftung

                      Neumarkt 18-24

                      D 50667 Köln

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,564.59

                      Share:                 EUR             25,564.59

                      Reg. data:           05.11.1932

                                                Local court 50939 Köln

                                                HRB 1462

 Shareholder:

                      KSK Köln Verwaltungsgesellschaft mbH

                      Neumarkt 18-24

                      D 50667 Köln

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:                 EUR             25,000.00

                      Reg. data:           18.12.2006

                                                Local court 50939 Köln

                                                HRB 59104

 Shareholder:

                      Erste KSK Köln Grundbesitz Verwaltungs-GmbH

                      Neumarkt 18-24

                      D 50667 Köln

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:                 EUR             25,000.00

                      Reg. data:           06.11.2009

                                                Local court 50939 Köln

                                                HRB 67598

 Shareholder:

                      Zweite KSK Köln Grundbesitz Verwaltungs-GmbH

                      Neumarkt 18-24

                      D 50667 Köln

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:                 EUR             25,000.00

                      Reg. data:           06.11.2009

                                                Local court 50939 Köln

                                                HRB 67601

 Shareholder:

                      S Institut für Marketing & Kundenbindung

                      GmbH

                      Stammelner Str. 26

                      D 50189 Elsdorf

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            100,000.00

                      Share:                 EUR             12,500.00

                      Reg. data:           04.11.2005

                                                Local court 50939 Köln

                                                HRB 56393

 Shareholder:

                      KSA Verwaltungsgesellschaft mbH

                      Neue Poststr. 15

                      D 53721 Siegburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:                 EUR             11,250.00

                      Reg. data:           06.01.2006

                                                Local court 53721 Siegburg

                                                HRB 9241

 Shareholder:

                      S CountryDesk GmbH

                      Hahnenstr. 57

                      D 50667 Köln

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             41,800.00

                      Share:                 EUR              1,100.00

                      Reg. data:           27.12.2006

                                                Local court 50939 Köln

                                                HRB 59365

 Shareholder:

                      neue leben Pensionsverwaltung

                      Aktiengesellschaft

                      Sachsenstr. 8

                      D 20097 Hamburg

                      Legal form: Public limited company

                      Company Status: active

                      Share capital:     EUR          7,750,000.00

                      Share:                 6.400 %

                      Reg. data:           20.02.2002

                                                Local court 20355 Hamburg

                                                HRB 82796

 

 

FINANCIAL INFORMATION

 

Payment experience:  in top condition

 

Negative information: We have no negative information at hand.

 

                    

REAL ESTATE

 

 Type of ownership:        proprietor

 Share:                          100.00 %

 Address                       Neumarkt 18-24

                                    D 50667 Köln

 Type of real estate: residential and business location

 

 Type of ownership:        proprietor

 Share:                          100.00 %

 Address                       Siebenmorgen 23

                                    D 51427 Bergisch Gladbach

 

 Real Estate of:              Udo Buschmann

 Type of ownership:        part owner

 Share:                          50.00 %

 Address                       Nikolausstr. 36

                                    D 50374 Erftstadt

 

 Land register documents were not available.

 

 

 BANKERS

 

 COMMERZBANK, 50447 KÖLN

 Sort. code: 37040044

 BIC: COBADEFFXXX

 DEUTSCHE BANK, 50587 KÖLN

 Sort. code: 37070060

 BIC: DEUTDEDKXXX

 COMMERZBANK VORMALS DRESDNER BANK, 50450 KÖLN

 Sort. code: 37080040

 BIC: DRESDEFF370

 LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE NL. DÜSSELDORF, 40019

 DÜSSELDORF

 Sort. code: 30050000

 BIC: WELADEDDXXX

 

 

 FINANCIAL FIGURES

 

 Financial year:              01.01. - 31.12.

 earnings component:     2013                             EUR        631,608,618.00

 Profit:                           2013                             EUR          54,506,651.00

 Employees:                                                                                   3,995

 - Trainees:                                                                                        430

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.44

UK Pound

1

Rs.98.64

Euro

1

Rs.78.20

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

SHG

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.