MIRA
INFORM REPORT
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Report Date : |
12.09.2014 |
IDENTIFICATION DETAILS
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Name : |
KNAUF AMF GMBH & CO. KG |
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Registered Office : |
Elsenthal 15, D 94481 Grafenau |
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Country : |
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Date of Incorporation : |
01.12.1970 |
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Com. Reg. No.: |
HRA 7069 |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
Manufacture of construction machinery Wholesale of construction materials
of mineral sustances |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – June 01, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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
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Source
: CIA |
Company name and address
Knauf AMF GmbH & Co. KG
Elsenthal 15
D 94481 Grafenau
Telephone: 08552/422-0
Telefax: 08552/422-30
Homepage: www.amfgrafenau.de
E-mail: info@amf-grafenau.de
VAT no
DE131249909
CONCLUSION
Business relations are permissible.
Company details
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 01.12.1970
Registered on: 20.01.1971
Register of companies: Local
court 94032 Passau
under: HRA
7069
Total cap. contribution: EUR 3,300,000.00
Limited partner
Gebr. Knauf
Verwaltungsgesellschaft KG
Am Bahnhof 7
D 97346 Iphofen
Legal form: Limited
partnership
Total cap. EUR 444,480,000.00
contribution:
Share: EUR 3,300,000.00
Registered on: 06.12.1972
Reg. data: 97070
Würzburg, HRA 2771
General partner
Knauf AMF
Verwaltungsgesellschaft mbH
Elsenthal 15
D 94481 Grafenau
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered on: 25.11.1970
Reg. data: 94032 Passau,
HRB 1023
Shareholder
Gebr. Knauf Verwaltungsgesellschaft
KG
Am Bahnhof 7
D 97346 Iphofen
Legal form: Limited
partnership
Total cap. EUR 444,480,000.00
contribution:
Share: EUR 30,000.00
Registered on: 06.12.1972
Reg. data: 97070
Würzburg, HRA 2771
Manager
Karl Wenig
D 94481 Grafenau
born: 01.03.1965
Proxy
Georg Laudi
D 94169 Thurmansbang
authorized to jointly
represent the company
born: 14.11.1970
Profession: Industrial
manager
Proxy:
Albert Veit
D 94481 Grafenau
born: 10.08.1956
Proxy:
Franz Schopf
D 94556 Neuschönau
born: 26.01.1964
Proxy:
Achim Nolle
D 74196 Neuenstadt
authorized to jointly
represent the company
born: 14.05.1969
Proxy:
Carsten Pohl
D 91639 Wolframs-Eschenbach
authorized to jointly
represent the company
born: 08.01.1967
Proxy:
Andreas Schiedeck
D 94481 Grafenau
authorized to jointly
represent the company
born: 12.06.1970
COMPANY HISTORY
20.10.1971 - 25.04.1994 AMF Mineralfaserplatten GmbH Betriebs-KG
Elsenthal 1
D 94481 Grafenau
Ltd partnership with priv. ltd.
company
as general partner
25.04.1994 - 01.10.2003 AMF Mineralplatten GmbH Betriebs-KG
Elsenthal 15
D 94481 Grafenau
Ltd partnership with priv. ltd.
company
as general partner
BUSINESS ACTIVITIES
Main industrial sector
28922
Manufacture of construction machinery
46734
Wholesale of construction materials of mineral sustances
BRANCHES AND FACTORIES
Branch:
Knauf AMF GmbH & Co.
KG
Helvesieker Weg 71
D 27383 Scheeßel
Branch:
Knauf AMF GmbH & Co.
KG
Germanenstr. 121
D 12524 Berlin
Branch:
Knauf AMF GmbH & Co.
KG
Kittelbachstr. 16
D 40489 Düsseldorf
Branch:
Knauf AMF GmbH & Co. KG
Adolf-Amberg-Str. 18
D 63579 Freigericht
Branch:
Knauf AMF GmbH & Co.
KG
Höllstr. 4
D 77694 Kehl
Branch:
Knauf AMF GmbH & Co. KG
Raiffeisenstr. 70
D 85716 Unterschleißheim
Branch:
Knauf AMF GmbH & Co.
KG
Koburger Str. 9
D 04416 Markkleeberg
Branch:
Knauf AMF GmbH & Co.
KG
Springsweg 1
D 33181 Bad Wünnenberg
Branch:
Knauf AMF GmbH & Co.
KG
Bernhard-Göring-Str. 73
D 04275 Leipzig
FINANCIAL INFORMATION
Payment experience: within agreed
terms
Negative information:We have no negative
information at hand.
REAL ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Elsenthal 15
D 94481 Grafenau
Size: 150,000.00 sq.m
Residential floor 25,000.00 sq.m
space/ Usable floor
space:
Value at selling price: EUR 7,500,000.00
Real Estate of: Knauf
AMF Verwaltungsgesellschaft mbH
Type of ownership: Tenant
Address Elsenthal
15
D 94481 Grafenau
Land register documents were not available.
BANKERS
Principal banks
UNICREDIT BANK - HYPOVEREINSBANK, 94002 PASSAU
Sort. code: 74020074, Account no.: 2705818
BIC: HYVEDEMM445, IBAN: DE64740200740002705818
UNICREDIT BANK - HYPOVEREINSBANK, 94221
ZWIESEL
Sort. code: 74020074
BIC: HYVEDEMM445
Further banks
COMMERZBANK VORMALS DRESDNER BANK, 94003
PASSAU
Sort. code: 70080000, Account no.: 776531900
BIC: DRESDEFF700, IBAN: DE65700800000776531900
DEUTSCHE BANK, 94003 PASSAU
Sort. code: 75070013, Account no.: 5040209
BIC: DEUTDEMM750, IBAN: DE14750700130504020900
FINANCIAL FIGURES
Financial year: 01.01. - 31.12.
Turnover: 2013 *EUR 33,000,000.00
Equipment: *EUR 1,600,000.00
Ac/ts receivable: *EUR 1,200,000.00
Liabilities: *EUR
2,900,000.00
Real estate of the firm: EUR 7,500,000.00
Employees:
200
The business figures marked with an asterisk
are estimates based on average values in the line of business.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.19 |
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1 |
Rs.98.65 |
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Euro |
1 |
Rs.78.63 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
PDT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.