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Report No. : |
337741 |
|
Report Date : |
21.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
KERSCHGENS WERKSTOFFE
& MEHR GMBH |
|
|
|
|
Registered Office : |
Steinbachstr. 38-40 D 52222
Stolberg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
1903 |
|
|
|
|
Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
·
Wholesale of iron ores, iron,
steel and iron and steel semi-finished goods ·
Other professional,
scientific and technical activities n. e. c. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
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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 |
|
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, 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 |
Kerschgens Werkstoffe & Mehr GmbH
Steinbachstr. 38-40
D 52222 Stolberg
Telephone:02402/12020
Telefax: 02402/1202110
Homepage: www.kerschgens.de
E-mail: stolberg@kerschgens.de
Active
DE811270764
202/5810/0132
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1903
Shareholders'
agreement: 01.11.1984
Registered on: 30.11.1984
Commercial Register: Local court 52070 Aachen
under: HRB
11449
Share capital: EUR 300,000.00
Shareholder:
Kerschgens Holding GmbH
& Co. KG
Steinbachstr. 38-40
D 52222 Stolberg
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 4,000,000.00
contribution:
Share: EUR 300,000.00
Registered on: 02.01.1941
Reg. data: 52070 Aachen,
HRA 5712
Manager:
Manfred Kerschgens
Ellermühlenstr. 7
D 52222 Stolberg
born: 17.01.1941
Profession: Fully
qualified merchant
Marital status: married
Manager:
Heinz Herbort
Im Reichswald 3
D 52080 Aachen
having sole power of
representation
born: 08.04.1956
Profession: Businessman
Marital status: married
Proxy:
Wolfgang Kaltenbach
D 52249 Eschweiler
having sole power of
representation
born: 09.08.1950
Proxy:
Reinhard Bohlen
Wenzelhausener Weg 2
D 54662 Herforst
having sole power of
representation
born: 30.01.1964
Marital status: married
Proxy:
Pierre Schlüper
D 57518 Alsdorf
having sole power of
representation
born: 03.03.1968
Further functions/participations of Manfred
Kerschgens (Manager)
Limited partner:
Kerschgens Holding GmbH
& Co. KG
Steinbachstr. 38-40
D 52222 Stolberg
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 4,000,000.00
contribution:
Share: EUR 2,002,600.00
Registered
on: 02.01.1941
Reg. data: 52070 Aachen, HRA 5712
Shareholder:
Kerschgens Verwaltungs
GmbH
Steinbachstr. 38-40
D 52222 Stolberg
Legal form: Private limited company
Share capital: EUR 80,000.00
Share: EUR 40,050.00
Registered
on: 14.02.2002
Reg. data: 52070 Aachen, HRB 10485
Manager:
Europlast Kunststoffe
& mehr GmbH
Adenauerstr. 19
D 52146 Würselen
Legal form: Private
limited company
Share capital: EUR 270,000.00
Registered
on: 17.07.2007
Reg. data: 52070 Aachen, HRB 14315
Manager:
Kerschgens Verwaltungs GmbH
Steinbachstr. 38-40
D 52222 Stolberg
Legal form: Private
limited company
Share capital: EUR 80,000.00
Registered
on: 14.02.2002
Reg. data: 52070 Aachen, HRB 10485
Further functions/participations of Heinz
Herbort (Manager)
Limited partner:
Kerschgens Holding GmbH
& Co. KG
Steinbachstr. 38-40
D 52222 Stolberg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 4,000,000.00
contribution:
Share: EUR 1,002,500.00
Registered
on: 02.01.1941
Reg. data: 52070 Aachen, HRA 5712
Shareholder:
Kerschgens Verwaltungs GmbH
Steinbachstr. 38-40
D 52222 Stolberg
Legal form: Private
limited company
Share capital: EUR 80,000.00
Share: EUR 20,050.00
Registered
on: 14.02.2002
Reg. data: 52070 Aachen, HRB 10485
Manager:
Europlast Kunststoffe
& mehr GmbH
Adenauerstr. 19
D 52146 Würselen
Legal form: Private
limited company
Share capital: EUR 270,000.00
Registered
on: 17.07.2007
Reg. data: 52070 Aachen, HRB 14315
Manager:
Kerschgens Verwaltungs
GmbH
Steinbachstr. 38-40
D 52222 Stolberg
Legal form: Private
limited company
Share capital: EUR 80,000.00
Registered
on: 14.02.2002
Reg. data: 52070 Aachen, HRB 10485
30.11.1984
- 01.01.2005 Kerschgens Stahlhandel GmbH
Steinbachstr. 38-40
D 52222 Stolberg
Private limited company
01.01.2005 - 01.10.2013 Kerschgens Stahl & Mehr GmbH
Steinbachstr. 38-40
D 52222 Stolberg
Private
limited company
14.08.2007 - 02.12.2014 Manager
Heiko Keune
D 52222 Stolberg
Main industrial sector
46721
Wholesale of iron ores, iron, steel and iron and steel
semi-finished goods
74900 Other professional, scientific and technical
activities
n. e. c.
Works:
Kerschgens Werkstoffe
& Mehr GmbH
Dieselstr. 2
D 54634 Bitburg
TEL.: 06561/95990
FAX.: 06561/959925
Works:
Kerschgens Werkstoffe &
Mehr GmbH
Zurmaiener Str. 176
D 54292 Trier
TEL.: 0651/143410
FAX.: 0651/1704331
Works:
Kerschgens Werkstoffe
& Mehr GmbH
Adenauerstr. 19
D 52146 Würselen
Shareholder:
Europlast Kunststoffe
& mehr GmbH
Adenauerstr. 19
D 52146 Würselen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 270,000.00
Share: EUR 270,000.00
Reg. data: 17.07.2007
Local court
52070 Aachen
HRB 14315
Shareholder:
DK Concept Beratung u.
Service GmbH
Ackerstr. 144
D 51065 Köln
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Reg. data: 30.09.2005
Local court
50939 Köln
HRB 56169
Within agreed terms
We have no negative information
at hand.
Type of ownership: Tenant
Address Steinbachstr.
38-40
D 52222 Stolberg
Annual rent: EUR
1,218,692.00
Real Estate of: Manfred
Kerschgens
Type of ownership: unknown
Address Ellermühlenstr.
7
D 52222 Stolberg
Real Estate of: Heinz
Herbort
Type of ownership: unknown
Address Im
Reichswald 3
D 52080 Aachen
Land register documents were not available.
SPARKASSE AACHEN, 52059 AACHEN
Sort. code: 39050000, Account no.: 1075543940
BIC: AACSDE33XXX, IBAN: DE44390500001075543940
COMMERZBANK, 52003 AACHEN
Sort. code: 39040013, Account no.: 1206721
BIC: COBADEFFXXX, IBAN: DE74390400130120672100
VR-BANK, 52135 WÜRSELEN
Sort. code: 39162980, Account no.: 1401935017
BIC: GENODED1WUR, IBAN: DE88391629801401935017
SPARKASSE HAGEN, 58042 HAGEN, WESTF
Sort. code: 45050001, Account no.: 100162096
BIC: WELADE3HXXX, IBAN: DE31450500010100162096
Financial year: 01.01. - 31.12.
Share capital: EUR 300,000.00
The number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.24 |
|
UK Pound |
1 |
Rs.102.21 |
|
Euro |
1 |
Rs.72.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TRU |
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.