|
Report Date : |
18.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
KIESEL GMBH |
|
|
|
|
Registered Office : |
Baindter Str. 29 D 88255 Baienfurt |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
27.12.1989 |
|
|
|
|
Com. Reg. No.: |
HRB 551087 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Wholesale of other machinery, equipment
and supplies Renting and leasing of construction
and civil engineering machinery and equipment |
|
|
|
|
No. of Employees |
105 |
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 |
KIESEL GMBH
Company Status: active
Baindter Str. 29
D 88255 Baienfurt
Telephone:0751/50040
Telefax:
0751/5004888
Homepage: www.kiesel.net
E-mail:
info@kiesel.net
VAT no.: DE185630186
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1989
Shareholders'
agreement: 27.12.1989
Registered on: 05.02.1990
Commercial Register: Local court 89073 Ulm
under: HRB
551087
Share capital: EUR 400,000.00
Shareholder:
Jochen Kiesel
Schumannweg 7
D 88276 Berg
born: 17.01.1967
Share: EUR 156,000.00
Shareholder:
Toni Christoph Kiesel
Erlenweg 32
D 88212 Ravensburg
born: 26.08.1959
Share: EUR 68,100.00
Shareholder:
Christopher Kiesel
Erlenweg 32
D 88212 Ravensburg
born: 27.02.1988
Share: EUR 68,000.00
Shareholder:
Kathrin Kiesel
Erlenweg 32
D 88212 Ravensburg
born: 04.05.1986
Share: EUR 67,900.00
Shareholder:
Rainer Kiesel
Tettnanger Str. 45
D 88214 Ravensburg
born: 01.08.1963
Share: EUR 40,000.00
Manager:
Toni Christoph Kiesel
Erlenweg 32
D 88212 Ravensburg
having sole power of
representation
born: 26.08.1959
Profession: degree-level
economist (college
ed.)
Manager:
Jochen Lang
D 88212 Ravensburg
born: 24.03.1960
Further
functions/participations of Toni Christoph Kiesel
(Manager)
Limited
partner:
K-TEG Kiesel Technologie
und Entwicklung
GmbH & Co. KG
Baindter Str. 29
D 88255 Baienfurt
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 250,000.00
contribution:
Share: EUR 142,500.00
Registered
on: 17.11.2010
Reg. data: 89073 Ulm, HRA 722229
Shareholder:
Kiesel Technologie und
Entwicklung
Verwaltungs GmbH
Baindter Str. 29
D 88255 Baienfurt
Legal form:
Private limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 15.11.2010
Reg. data: 89073 Ulm, HRB 725762
Manager:
Kiesel Ost GmbH
Baindter Str. 21
D 88255 Baienfurt
Legal form: Private
limited company
Share
capital: EUR 1,100,000.00
Registered
on: 17.01.2008
Reg. data: 89073 Ulm, HRB 721848
Manager:
Kiesel Süd GmbH
Baindter Str. 29
D 88255 Baienfurt
Legal form: Private
limited company
Share capital: EUR 5,100,000.00
Registered
on: 16.01.2008
Reg. data: 89073 Ulm, HRB 721836
Manager:
Kiesel Verwaltungs GmbH
Baindter Str. 29
D 88255 Baienfurt
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 19.05.2008
Reg. data: 89073 Ulm, HRB 722267
Manager:
Kiesel West GmbH
Baindter Str. 21
D 88255 Baienfurt
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered
on: 09.11.2005
Reg. data: 89073 Ulm, HRB 552771
Manager:
Kiesel Technologie und
Entwicklung
Verwaltungs GmbH
Baindter Str. 29
D 88255 Baienfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 15.11.2010
Reg. data: 89073 Ulm, HRB 725762
Manager:
Kiesel Abbruch- und
Recycling Technik GmbH
Wiesental Weg 3
D 89129 Langenau
Legal form: Private
limited company
Share capital: EUR 1,050,000.00
Registered
on: 12.02.2013
Reg. data: 89073 Ulm, HRB 728905
Manager:
Kiesel Mitte GmbH
Baindter Str. 29
D 88255 Baienfurt
Legal form: Private
limited company
Share capital: EUR 2,100,000.00
Registered
on: 18.04.2006
Reg. data: 89073 Ulm, HRB 552814
Manager:
Kiesel Südost GmbH
Baindter Str. 29
D 88255 Baienfurt
Legal form: Private
limited company
Share
capital: EUR 1,000,000.00
Registered
on: 16.01.2008
Reg. data: 89073 Ulm, HRB 721838
Further
functions/participations of Jochen Lang (Manager)
Manager:
Kiesel Worldwide
Machinery GmbH
Baindter Str. 21
D 88255 Baienfurt
Legal form: Private
limited company
Share capital: EUR 600,000.00
Registered
on: 05.07.1999
Reg. data: 89073 Ulm, HRB 552053
05.02.1990 - 10.04.2002 KIESEL BAUMASCHINEN HANDELS-GMBH
Baindter Str. 21
D 88255 Baienfurt
Private limited
company
10.04.2002 - 2013 Kiesel GmbH
Baindter Str. 21
D 88255 Baienfurt
Private limited company
Main
industrial sector
4669
Wholesale of other machinery, equipment and supplies
77320
Renting and leasing of construction and civil engineering machinery and
equipment
96090
Other service activities n. e. c.
Limited
partner:
Kiesel Nord GmbH &
Co.KG
Baindter Str. 29
D 88255 Baienfurt
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Company Status: active
Total cap. EUR 2,659,115.85
contribution:
Share: EUR 2,639,115.85
Reg. data: 02.04.2008
Local court
89073 Ulm
HRA 721017
Limited
partner:
Kiesel Finance GmbH &
Co. KG
Baindter Str. 29
D 88255 Baienfurt
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 50,000.00
contribution:
Share: EUR 50,000.00
Reg. data: 12.08.2009
Local court
89073 Ulm
HRA 721637
Shareholder:
Kiesel Süd GmbH
Baindter Str. 29
D 88255 Baienfurt
Legal form: Private
limited company
Company Status: active
Share capital: EUR 5,100,000.00
Share: EUR 5,100,000.00
Reg. data: 16.01.2008
Local court
89073 Ulm
HRB 721836
Shareholder:
Kiesel Mitte GmbH
Baindter Str. 29
D 88255 Baienfurt
Legal form: Private
limited company
Company Status: active
Share capital: EUR 2,100,000.00
Share: EUR 2,100,000.00
Reg. data: 18.04.2006
Local court
89073 Ulm
HRB 552814
Shareholder:
Kiesel Ost GmbH
Baindter Str. 21
D 88255 Baienfurt
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,100,000.00
Share: EUR 1,100,000.00
Reg. data: 17.01.2008
Local court
89073 Ulm
HRB 721848
Shareholder:
Kiesel Abbruch- und
Recycling Technik GmbH
Wiesental Weg 3
D 89129 Langenau
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,050,000.00
Share: EUR 1,050,000.00
Reg. data: 12.02.2013
Local court
89073 Ulm
HRB 728905
Shareholder:
Kiesel Südost GmbH
Baindter Str. 29
D 88255 Baienfurt
Legal form: Private
limited company
Company Status:
active
Share capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Reg. data: 16.01.2008
Local court
89073 Ulm
HRB 721838
Shareholder:
Kiesel West GmbH
Baindter Str. 21
D 88255 Baienfurt
Legal form: Private
limited company
Company Status:
active
Share capital: EUR 1,000,000.00
Share: EUR 900,000.00
Reg. data: 09.11.2005
Local court
89073 Ulm
HRB 552771
Shareholder:
Kiesel Worldwide
Machinery GmbH
Baindter Str. 21
D 88255 Baienfurt
Legal form: Private limited
company
Company Status: active
Share capital: EUR 600,000.00
Share: EUR 500,000.00
Reg. data: 05.07.1999
Local court 89073 Ulm
HRB 552053
Shareholder:
Kiesel Koops GmbH
Baindter Str. 29
D 88255 Baienfurt
Legal form: Private
limited company
Company Status: in
liquidation
since: 06.09.2013
Share capital: EUR 335,000.00
Share: EUR 235,000.00
Reg. data: 14.03.2007
Local court
89073 Ulm
HRB 720789
Shareholder:
Kiesel Verwaltungs GmbH
Baindter Str. 29
D 88255 Baienfurt
Legal form: Private
limited company
Company Status: active
Share capital: EUR 30,000.00
Share: EUR 30,000.00
Reg. data: 19.05.2008
Local court
89073 Ulm
HRB 722267
Shareholder:
Kiesel Finance Management
GmbH
Baindter Str. 29
D 88255 Baienfurt
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 2,500.00
Reg. data: 27.07.2009
Local court
89073 Ulm
HRB 723876
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Bahnhofstr. 15
D 01156 Dresden
Type of ownership: proprietor
Share: 100.00 %
Address Alpenstr. 71
D 87700 Memmingen
Type of ownership: proprietor
Share: 100.00 %
Address Im Espel 4
D 78187 Geisingen
Type of ownership: proprietor
Share: 100.00 %
Address Zörbiger Str. 6a
D 06188 Landsberg
Type of ownership: unknown
Address Baindter Str. 29
D 88255 Baienfurt
Land register documents were not available.
BADEN-WÜRTTEMB.BANK/LANDESBANK
BADEN-WÜRTTEMB., 88348 BAD SAULGAU
Sort. code: 60050101, Account no.: 4508429
BIC: SOLADEST600, IBAN: DE05600501010004508429
KREISSPARKASSE RAVENSBURG, 88255 BAIENFURT
Sort. code: 65050110
BIC:
SOLADES1RVB
Turnover: 2012 EUR 200,566,975.00
Profit: 2012 EUR 2,374,667.00
Ac/ts receivable: EUR 45,567,870.00
Liabilities:
EUR 108,803,692.00
Employees:
105
-
thereof permanent staff: 95
-
Trainees:
9
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 32.90
Liquidity ratio: 0.44
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 39.40
Liquidity ratio: 0.57
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 41.65
Liquidity ratio: 0.62
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 37.99
Liquidity ratio: 0.59
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 159,480,070.17
Fixed assets
EUR 76,000,094.40
Intangible assets
EUR 517,673.00
Concessions,
licences, rights EUR 517,673.00
Tangible assets
EUR 49,614,030.44
Advance payments made / construction
in progress
EUR 49,614,030.44
Financial assets
EUR 25,868,390.96
Shares in participations /
subsidiaries and the like
EUR 25,868,390.96
Shares in investee companies
EUR 25,868,390.96
Current assets
EUR 83,228,282.81
Stocks
EUR 35,108,080.00
Advance payments made
EUR 35,108,080.00
Accounts receivable
EUR 45,567,869.99
Other debtors and assets EUR 45,567,869.99
Liquid means
EUR 2,552,332.82
Remaining other assets
EUR 251,692.96
Accruals (assets)
EUR 251,692.96
LIABILITIES
EUR 159,480,070.17
Shareholders' equity
EUR 48,937,943.99
Capital
EUR 400,000.00
Subscribed capital (share capital)
EUR 400,000.00
Reserves
EUR 3,618,000.00
Capital reserves
EUR 3,618,000.00
Balance sheet profit/loss (+/-)
EUR 44,919,943.99
Profit / loss brought forward
EUR 42,545,276.68
Annual surplus / annual deficit
EUR 2,374,667.31
Provisions
EUR 1,737,900.00
Other / unspecified provisions
EUR 1,737,900.00
Liabilities
EUR 108,803,692.18
Financial debts
EUR 83,885,976.44
Liabilities due to banks
EUR 83,885,976.44
Other liabilities
EUR 24,917,715.74
Trade creditors (for IAS incl. bills
of exchange)
EUR 17,574,377.46
Liabililties due to related companiesEUR 1,248,249.20
Liabilities due to investee companiesEUR 1,735.90
Unspecified other liabilities
EUR 6,093,353.18
thereof liabilities from tax /
financial authorities
EUR 951,975.91
Other liabilities
EUR 534.00
Deferrals (liabilities)
EUR 534.00
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Sales
EUR 200,566,974.69
Other operating income
EUR 6,706,139.54
Cost of materials
EUR 183,391,300.30
Raw materials and supplies, purchased
goods
EUR 179,680,608.99
Purchased services
EUR 3,710,691.31
Gross result (+/-)
EUR 23,881,813.93
Staff expenses
EUR 7,488,592.78
Wages and salaries
EUR 6,591,845.01
Social security contributions and
expenses for pension plans and
benefits
EUR 896,747.77
Total depreciation
EUR 1,386,672.07
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,386,672.07
Other operating expenses
EUR 8,113,488.53
Operating result from continuing
operations
EUR 6,893,060.55
Result from participating interests
(+/-)
EUR -3,065,982.17
Expenses for participations
EUR 3,065,982.17
Expenses for other participations
EUR 3,065,982.17
Interest result (+/-)
EUR -331,136.25
Interest and similar income
EUR 1,880,019.47
thereof from related companies
EUR 1,745,873.67
Interest and similar expenses
EUR 2,211,155.72
thereof paid to related companies
EUR 34,239.07
Financial result (+/-)
EUR -3,397,118.42
Result from ordinary operations (+/-)
EUR 3,495,942.13
Income tax / refund of income tax (+/-)EUR -1,030,558.33
Other taxes / refund of taxes
EUR -90,716.49
Tax (+/-) EUR -1,121,274.82
Annual surplus / annual deficit
EUR 2,374,667.31
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 130,824,078.39
Fixed assets
EUR 64,679,205.26
Intangible assets
EUR 146,771.00
Concessions, licences, rights
EUR 146,771.00
Tangible assets EUR 40,904,043.30
Land / similar rights
EUR 33,457,648.10
Other tangible assets / fixtures and
fittings
EUR 813,778.00
Advance payments made / construction
in progress EUR 6,632,617.20
Financial assets
EUR 23,628,390.96
Shares in participations /
subsidiaries and the like
EUR 23,628,390.96
Shares in related companies
EUR 23,575,890.96
Shares in investee companies
EUR 52,500.00
Current assets
EUR 65,945,696.65
Stocks
EUR 22,930,050.00
Finished goods / work in progress
EUR 22,697,525.00
Advance payments made
EUR 232,525.00
Accounts receivable
EUR 41,562,364.71
Trade debtors
EUR 4,161,265.31
Amounts due from related companies EUR
36,258,711.26
Other debtors and assets
EUR 1,142,388.14
Liquid means
EUR 1,453,281.94
Remaining other assets
EUR 199,176.48
Accruals (assets)
EUR 199,176.48
LIABILITIES EUR 130,824,078.39
Shareholders' equity
EUR 46,563,276.68
Capital
EUR 400,000.00
Subscribed capital (share capital)
EUR 400,000.00
Reserves
EUR 3,618,000.00
Capital reserves
EUR 3,618,000.00
Balance sheet profit/loss (+/-)
EUR 42,545,276.68
Profit / loss brought forward
EUR 36,261,565.12
Annual surplus / annual deficit
EUR 6,283,711.56
Provisions
EUR 4,806,141.00
Provisions for taxes
EUR 1,673,941.00
Other / unspecified provisions
EUR 3,132,200.00
Liabilities
EUR 79,454,320.71
Financial debts
EUR 50,039,341.05
Liabilities due to banks
EUR 50,039,341.05
Other liabilities
EUR 29,414,979.66
Trade creditors (for IAS incl. bills
of exchange)
EUR 20,992,989.41
Liabililties due to related companiesEUR 328,486.08
Liabilities due to investee companiesEUR 1,186.55
Unspecified other liabilities
EUR 8,092,317.62
Other liabilities
EUR 340.00
Deferrals (liabilities)
EUR 340.00
Guarantees and other commitments
EUR 35,246,800.00
Guarantees / warranties
EUR 34,202,650.00
Guarantees
EUR 34,202,650.00
Liability from creation of a security
interest for third parties
EUR 1,044,150.00
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Sales
EUR 200,569,323.72
Other operating income
EUR 5,321,977.97
Cost of materials
EUR 182,990,604.84
Raw materials and supplies, purchased
goods
EUR 180,287,661.87
Purchased services
EUR 2,702,942.97
Gross result (+/-)
EUR 22,900,696.85
Staff expenses
EUR 6,558,312.51
Wages and salaries
EUR 5,798,184.95
Social security contributions and
expenses for pension plans and
benefits
EUR 760,127.56
Total depreciation
EUR 1,027,531.27
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,027,531.27
Other operating expenses
EUR 6,140,191.45
Operating result from continuing
operations
EUR 9,174,661.62
Interest result (+/-)
EUR -490,989.80
Interest and similar income
EUR 1,286,464.57
thereof from related companies
EUR 1,225,414.35
Interest and similar expenses
EUR 1,777,454.37
thereof paid to related companies
EUR 3,126.74
Financial result (+/-)
EUR -490,989.80
Result from ordinary operations (+/-)
EUR 8,683,671.82
Income tax / refund of income tax (+/-)EUR -2,329,374.22
Other taxes / refund of taxes
EUR -70,586.04
Tax (+/-)
EUR -2,399,960.26
Annual surplus / annual deficit
EUR 6,283,711.56
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.95 |
|
UK Pound |
1 |
Rs.99.32 |
|
Euro |
1 |
Rs.78.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SDA |
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.