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Report No. : |
334636 |
|
Report Date : |
07.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
KBA-MEPRINT AG |
|
|
|
|
Registered Office : |
Benzstr. 11 D 97209 Veitshöchheim |
|
|
|
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Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2013 |
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|
|
|
Date of Incorporation : |
01.04.1969 |
|
|
|
|
Com. Reg. No.: |
HRB 7135 |
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|
|
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Legal Form : |
Public Limited Company |
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|
|
|
Line of Business : |
Manufacture of other special-purpose
machinery n.e.c. |
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|
|
|
No. of Employee : |
108 |
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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|
|
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Payment Behaviour : |
Slow but correct |
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|
|
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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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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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, 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 5.2% in 2014. The new German government introduced a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in balance in 2014. 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. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed private investment. 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 plans to replace nuclear power with renewable energy, which accounted for 27.8% of gross electricity consumption in 2014, up from 9% in 2000. 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. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
KBA-MEPRINT
AG
Company Status: active
Benzstr. 11
D 97209 Veitshöchheim
Telephone:0931/9085-0
Telefax: 0931/9085-100
Homepage:
www.kba-meprint.com
E-mail: info@kba-meprint.com
VAT
no.: DE134159654
Business relations are permissible.
LEGAL FORM Public limited company
Date of foundation: 01.04.1969
Begin of business
activities: 16.08.2000
Registered on: 28.09.2000
Commercial Register: Local court 97070 Würzburg
under: HRB
7135
EUR 4,600,000.00
Shareholder:
Koenig & Bauer AG
Friedrich-Koenig-Str. 4
D 97080 Würzburg
Post Box:
60 60, D 97010 Würzburg
Legal form: Public
limited company
Share capital: EUR
42,964,435.80
Share: 100.000 %
Registered on: 12.07.1920
Reg. data: 97070
Würzburg, HRB 109
Member of the Board of Directors:
Sven Michael
D 67159
Friedelsheim
having sole power of
representation
born: 08.06.1968
President of the Supervisory Board:
Dr. Mathias Dähn
Meisenweg 4
D 82152 Krailling
born: 28.09.1967
Marital status: unknown
Member of the Supervisory Board:
Claus Bolza-Schünemann
Spitalweg 8
D 97082 Würzburg
born: 11.07.1956
Profession: graduate
engineer
Marital status: married
Member of the Supervisory Board:
Klaus Schmidt
Brenndörfel 9a
D 97265 Hettstadt
born: 13.12.1953
Proxy:
Günter Meyer
Michael-Göbel-Str. 13
D 97337 Dettelbach
authorized to jointly
represent the company
born: 01.11.1965
01.04.1969 - 27.09.2000 Metronic Gerätebau GmbH & Co. (HRA 2604,
AG Würzburg)
Benzstr. 11
D 97209 Veitshöchheim
Ltd partnership with
priv. ltd. company
as general partner
28.09.2000 - 30.06.2005 METRONIC Aktiengesellschaft
Benzstr. 11
D 97209 Veitshöchheim
Public limited
company
30.06.2005 - 28.07.2010 KBA-METRONIC Aktiengesellschaft (bis
28.07.2010)
Benzstr. 11
D 97209 Veitshöchheim
Public limited company
28.07.2010 - 22.12.2011 KBA-MetroPrint AG
Benzstr. 11
D 97209 Veitshöchheim
Public limited
company
17.10.2013 - 31.03.2015 Vice-president of the Board of Directors
Holger Volpert
D 97776 Eußenheim
03.12.2012 - 19.11.2014 President of the Supervisory Board
Dr. Axel Kaufmann
D 80331 München
17.10.2013 - 16.05.2014 President of the Board of Directors
Axel Thien
D 97980 Bad
Mergentheim
13.08.2013 - 05.10.2013 President of the Board of Directors
Axel Thien
D 97980 Bad
Mergentheim
03.12.2012 - 05.10.2013 Vice-president of the Board of Directors
Holger Volpert
D 97776 Eußenheim
13.02.2012 - 02.10.2012 President of the Supervisory Board
Helge Hansen
D 97080 Würzburg
Main industrial sector
2899
Manufacture of other special-purpose machinery n.e.c.
Shareholder:
KBA-Metronic GmbH
Benzstr. 11
D 97209 Veitshöchheim
Post Box:
12 80
Legal form: Private
limited company
Company Status:
active
Share capital: EUR 50,000.00
Share: EUR
50,000.00
Reg. data: 01.04.1969
Local court
97070 Würzburg
HRB 62
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type
of ownership: proprietor
Share: 100.00 %
Address Benzstr. 11
D 97209 Veitshöchheim
Type of real estate: commercial premises
Residential floor 6,000.00 sq.m
space/ Usable floor
space:
Land
register documents were not available.
Principal bank
VOLKSBANK RAIFFEISENBANK WÜRZBURG, 97206
VEITSHÖCHHEIM
Sort. code: 79090000, Account no.: 5766400
BIC: GENODEF1WU1, IBAN: DE80790900000005766400
Further banks
SPARKASSE MAINFRANKEN WÜRZBURG, 97067 WÜRZBURG
Sort. code: 79050000, Account no.: 44195857
BIC: BYLADEM1SWU, IBAN: DE65790500000044195857
DEUTSCHE BANK, 97004 WÜRZBURG
Sort. code: 79070016, Account no.: 03202000
BIC: DEUTDEMM790
COMMERZBANK VORMALS DRESDNER BANK, 97031 WÜRZBURG
Sort. code: 79080052, Account no.: 307839500
BIC: DRESDEFF790, IBAN: DE24790800520307839500
Turnover: 2013 EUR 10,021,337.00
2014 EUR 10,000,000.00
Profit: 2013 EUR -3,355,286.00
further business figures:
Total numbers of vehicles: 33
-
Lorries:
1
Employees: 108
-
thereof permanent staff: 103
-
Trainees:
5
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 82.24
Liquidity ratio: 3.06
Return on total capital [%]: -7.62
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 39.47
Liquidity ratio: 0.43
Return
on total capital [%]: 3.31
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 41.19
Liquidity ratio: 0.59
Return on total capital [%]: 9.88
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 21.32
Liquidity ratio: 0.32
Return on total capital [%]: -19.73
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: 01.01.2013 - 31.12.2013
ASSETS EUR 21,073,537.68
Fixed assets
EUR 9,851,561.76
Intangible assets
EUR 12,136.14
Concessions, licences, rights
EUR 12,136.14
Tangible assets
EUR 2,081,113.43
Land / similar rights
EUR 2,019,946.16
Plant / machinery
EUR 849.66
Other tangible assets / fixtures and
fittings
EUR 60,317.61
Financial assets
EUR 7,758,312.19
Shares in participations /
subsidiaries and the like
EUR 7,758,312.19
Shares in related companies
EUR 7,758,312.19
Current assets EUR 11,174,876.87
Stocks
EUR 5,261,596.98
Raw materials, consumables and
supplies
EUR 1,753,870.31
Finished goods / work in progress
EUR 3,471,929.07
Advance payments made
EUR 120,167.60
Minus received advance payments for
orders / installments for stocks
EUR -84,370.00
Accounts receivable
EUR 5,599,734.23
Trade debtors
EUR 1,318,143.90
Amounts due from related companies
EUR 4,051,205.48
Other debtors and assets
EUR 230,384.85
Liquid means
EUR 313,545.66
Remaining other assets
EUR 47,099.05
Accruals (assets)
EUR 47,099.05
LIABILITIES EUR 21,073,537.68
Shareholders' equity EUR 4,708,695.80
Capital
EUR 4,600,000.00
Subscribed capital (share capital)
EUR 4,600,000.00
Reserves
EUR 7,001,421.29
Capital reserves
EUR 3,622,939.11
Retained earnings / revenue reserves EUR 3,378,482.18
Balance sheet profit/loss (+/-)
EUR -6,892,725.49
Balance sheet profit / loss
EUR -6,892,725.49
Provisions EUR 1,600,464.18
Other / unspecified provisions
EUR 1,600,464.18
Liabilities
EUR 14,764,377.70
Other liabilities
EUR 14,764,377.70
Trade creditors (for IAS incl. bills
of exchange)
EUR 356,546.32
Liabililties due to related companiesEUR 13,871,657.45
Unspecified other liabilities
EUR 536,173.93
thereof
liabilities from tax /
financial authorities
EUR 243,394.36
Guarantees and other commitments
EUR 122,000.00
Guarantees / warranties
EUR 122,000.00
Warranties EUR 122,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 10,021,336.90
Inventory change + own costs (+/-)
EUR 1,247,932.71
Inventory change (+/-)
EUR 1,247,932.71
Other operating income
EUR 1,669,246.89
Cost of materials
EUR 6,803,710.69
Raw materials and supplies, purchased
goods EUR 6,447,756.10
Purchased services
EUR 355,954.59
Gross result (+/-)
EUR 6,134,805.81
Staff expenses
EUR 5,683,641.32
Wages and salaries EUR 4,772,960.95
Social security contributions and
expenses for pension plans and
benefits
EUR 910,680.37
Total depreciation
EUR 820,128.31
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 820,128.31
Other operating expenses
EUR 2,554,302.54
Operating result from continuing
operations
EUR -2,923,266.36
Result from participating interests
(+/-)
EUR 1,728,328.43
Expenses / income from participations EUR 1,728,328.43
Income
from transfer of profits EUR 1,728,328.43
Interest result (+/-)
EUR -406,522.60
Interest and similar income
EUR 92,890.52
thereof from related companies
EUR 85,236.67
Interest and similar expenses
EUR 499,413.12
thereof paid to related companies
EUR 478,400.28
Financial result (+/-)
EUR 1,321,805.83
Result from ordinary operations (+/-)
EUR -1,601,460.53
Extraordinary expenses
EUR 1,748,937.94
Extraordinary result (+/-)
EUR -1,748,937.94
Income tax / refund of income tax (+/-)EUR 5,592.82
Other taxes / refund of taxes EUR -10,480.58
Tax
(+/-)
EUR -4,887.76
Annual surplus / annual deficit
EUR -3,355,286.23
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 20,430,876.01
Fixed assets
EUR 10,764,877.55
Intangible assets
EUR 187,382.27
Concessions, licences, rights EUR 182,972.26
Advance payments for intang. assets
EUR 4,410.01
Tangible assets
EUR 2,819,183.09
Land / similar rights
EUR 2,745,123.74
Plant / machinery EUR 8,043.52
Other tangible assets / fixtures and
fittings
EUR 66,015.83
Financial assets
EUR 7,758,312.19
Shares in participations /
subsidiaries
and the like EUR 7,758,312.19
Shares in related companies
EUR 7,758,312.19
Current assets
EUR 9,610,689.39
Stocks
EUR 4,800,594.13
Raw materials, consumables and
supplies
EUR 2,571,574.14
Finished goods / work in progress
EUR 2,168,109.99
Advance payments made
EUR 135,910.00
Minus received advance payments for
orders / installments for stocks
EUR -75,000.00
Accounts receivable
EUR 4,779,133.82
Trade debtors
EUR 2,020,707.20
Amounts due from related companies
EUR 2,500,028.86
Other debtors and assets
EUR 258,397.76
Liquid means
EUR 30,961.44
Remaining other assets
EUR 55,309.07
Accruals (assets)
EUR 55,309.07
LIABILITIES EUR 20,430,876.01
Shareholders' equity
EUR 8,063,982.03
Capital
EUR 4,600,000.00
Subscribed capital (share capital) EUR
4,600,000.00
Reserves
EUR 7,001,421.29
Capital reserves
EUR 3,622,939.11
Retained earnings / revenue reserves EUR 3,378,482.18
Balance sheet profit/loss (+/-)
EUR -3,537,439.26
Profit / loss brought forward
EUR -4,212,701.18
Annual surplus / annual deficit
EUR 675,261.92
Provisions
EUR 1,111,624.68
Provisions for taxes
EUR 98,921.00
Other / unspecified provisions
EUR 1,012,703.68
Liabilities
EUR 11,255,269.30
Financial debts EUR 788,922.77
Liabilities due to banks
EUR 788,922.77
Other liabilities
EUR 10,466,346.53
Trade creditors (for IAS incl. bills
of exchange)
EUR 253,987.93
Liabililties due to related companiesEUR 9,941,416.45
Unspecified other liabilities
EUR 270,942.15
thereof liabilities from tax /
financial authorities
EUR 71,658.57
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 13,304,670.83
Inventory change + own costs (+/-)
EUR 217,073.85
Inventory change (+/-)
EUR 217,073.85
Other operating income
EUR 2,178,938.19
Cost of materials
EUR 6,529,685.56
Raw materials and supplies, purchased
goods
EUR 6,142,316.28
Purchased services
EUR 387,369.28
Gross result (+/-)
EUR 9,170,997.31
Staff expenses
EUR 6,916,648.90
Wages and salaries
EUR 5,775,847.29
Social security contributions and
expenses for pension plans and
benefits
EUR 1,140,801.61
Total depreciation
EUR 154,828.12
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 154,828.12
Other operating expenses
EUR 3,170,664.99
Operating result from continuing
operations EUR -1,071,144.70
Result from participating interests
(+/-)
EUR 2,106,695.39
Expenses / income from participations EUR 2,106,695.39
Income from transfer of profits
EUR 2,106,695.39
Interest result (+/-)
EUR -340,548.62
Interest and similar income
EUR 104,922.87
thereof from related companies
EUR 95,666.64
Interest and similar expenses EUR 445,471.49
thereof paid to related companies
EUR 396,320.13
Financial result (+/-)
EUR 1,766,146.77
Result from ordinary operations (+/-)
EUR 695,002.07
Income tax / refund of income tax (+/-)EUR -9,467.57
Other taxes / refund of taxes
EUR -10,272.58
Tax
(+/-)
EUR -19,740.15
Annual surplus / annual deficit
EUR 675,261.92
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.99.60 |
|
Euro |
1 |
Rs.69.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.