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Report No. : |
337469 |
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Report Date : |
21.08.2015 |
IDENTIFICATION DETAILS
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Name : |
KTR BRAKE SYSTEMS GMBH |
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Registered Office : |
Zur Brinke 14 D 33758 Schloß
Holte-Stukenbrock |
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Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
06.11.2008 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Activities of holding companies
|
|
|
|
|
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
KTR Brake Systems GmbH
Zur Brinke 14
D 33758 Schloß Holte-Stukenbrock
Telephone:05207/99161-0
Telefax:
05207/99161-11
Homepage: www.ktr.com
E-mail:
info_kbs@ktr.com
Active
DE815036517
347/5768/2005
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 06.11.2008
Shareholders'
agreement: 26.02.2014
Registered
on: 28.03.2014
Commercial Register: Local court 33602 Bielefeld
under: HRB
41426
Share capital: EUR 50,000.00
Shareholder:
KTR Kupplungstechnik
Gesellschaft mit
beschränkter Haftung
Rodder Damm 170
D 48432 Rheine
Legal form: Private
limited company
Share capital: EUR 150,000.00
Share: EUR 50,000.00
Registered on: 15.06.1960
Reg. data: 48565
Steinfurt, HRB 3688
Manager:
Dr. Norbert Partmann
Wilhelm-Leuschner-Str. 27
D 48527 Nordhorn
born: 26.11.1960
Profession: Mechanical
engineer
Marital status: married
Proxy:
Jürn Edzards
D 33758 Schloß
Holte-Stukenbrock
authorized to jointly
represent the company
born: 26.06.1967
Proxy:
Gabor-Josef Agardy
D 32049 Herford
authorized to jointly
represent the company
born: 16.07.1964
Further functions/participations of Dr.
Norbert Partmann
(Manager)
Limited partner:
RENERGIE-Planungsgesellschaft für
regenerative Energieanlagen
GmbH & Co. KG
Wilhelm-Leuschner-Str. 27
D 48527 Nordhorn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,022.58
contribution:
Share: EUR 511.29
Registered
on: 17.06.1998
Reg. data: 49074 Osnabrück, HRA 130402
Shareholder:
GEP-Green Energy Projects
GmbH
Wilhelm-Leuschner-Str. 27
D 48527 Nordhorn
Legal form: Private
limited company
Share
capital: EUR 25,564.60
Share: EUR 12,782.30
Registered
on: 12.08.1998
Reg. data: 49074 Osnabrück, HRB 130963
Shareholder:
RENERGIE-Planungsgesellschaft für
regenerative
Energieanlagen
Verwaltungsgesellschaft
m.b.H.
Wilhelm-Leuschner-Str. 27
D 48527 Nordhorn
Legal form: Private
limited company
Share capital: EUR 25,564.60
Share: EUR 12,782.30
Registered
on: 22.04.1998
Reg. data: 49074 Osnabrück, HRB 130939
Manager:
GEP-Green Energy Projects
GmbH
Wilhelm-Leuschner-Str. 27
D 48527 Nordhorn
Legal form: Private limited company
Share capital: EUR 25,564.60
Registered
on: 12.08.1998
Reg. data: 49074 Osnabrück, HRB 130963
Manager:
RENERGIE-Planungsgesellschaft für
regenerative
Energieanlagen
Verwaltungsgesellschaft
m.b.H.
Wilhelm-Leuschner-Str. 27
D 48527 Nordhorn
Legal form:
Private limited company
Share capital: EUR 25,564.60
Registered
on: 22.04.1998
Reg. data: 49074 Osnabrück, HRB 130939
Manager:
BEH Bio-Energie Heede
Verwaltungs- und
Beteiligungs-GmbH
Hunfelde 1
D 26892 Heede
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 15.06.2005
Reg. data: 49074 Osnabrück, HRB 122290
Proxy:
KTR Kupplungstechnik
Gesellschaft mit
beschränkter Haftung
Rodder Damm 170
D 48432 Rheine
Legal form: Private
limited company
Share capital: EUR 150,000.00
Registered
on: 15.06.1960
Reg. data: 48565 Steinfurt, HRB 3688
Proxy:
F. Tacke GmbH & Co.
KG
Carl-Zeiss-Str. 25
D 48432 Rheine
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 4,090,335.03
contribution:
Registered
on: 11.04.1923
Reg. data: 48565 Steinfurt, HRA 2945
06.11.2008 - 05.03.2009 EMB Systems AG (AG Köln, HRB 64764)
Alte Landstr. 24
D 51789
Lindlar
Public limited
company
06.03.2009 - 11.07.2011 EMB Systems AG
Zur Brinke 14
D 33758 Schloß
Holte-Stukenbrock
Public limited
company
11.07.2011 - 28.03.2014 EM Brake Systems AG
Zur Brinke 14
D 33758 Schloß
Holte-Stukenbrock
Public limited
company
01.04.2014 - 04.04.2014 Manager
Prof. Dr. Josef Gerstner
D
48429 Rheine
Main industrial sector
3299
Other manufacturing n.e.c.
4669
Wholesale of other machinery, equipment and supplies
Secondary industrial sector
6420
Activities of holding companies
70220
Business and other management consultancy activities
Unknown
We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Zur
Brinke 14
D 33758 Schloß Holte-Stukenbrock
Land register documents were not available.
Principal bank
SPDK
SCHLOß HOLTE-STUCKENBROCK ZNDL D. VOLKSBANK RIETBERG, 33751
SCHLOß HOLTE-STUKENBROCK
Sort. code: 47862447, Account no.: 47862447
BIC: GENODEM1RNE
Ac/ts receivable: EUR 1,009,404.00
Liabilities: EUR 3,980,850.00
The
number of employees is not known.
BALANCE SHEETS
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: -37.42
Liquidity ratio: 0.25
Return
on total capital [%]: -1.00
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -115.39
Liquidity ratio: 0.05
Return on total capital [%]: -14.24
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: -99.16
Liquidity ratio: 0.14
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -83.23
Liquidity ratio: 0.04
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 4,108,418.44
Fixed assets EUR 1,592,310.42
Intangible assets EUR 1,218,808.72
Tangible assets EUR 292,213.85
Financial assets EUR 81,287.85
Other / unspecified financial assets
EUR 81,287.85
Current assets EUR 2,000,285.61
Stocks EUR 990,795.83
Accounts receivable EUR 1,009,403.65
Liquid means EUR 86.13
Remaining other assets EUR 515,822.41
Accruals (assets) EUR 6,512.31
Deficit not covered by shareholders'
equity EUR 509,310.10
LIABILITIES EUR 4,108,418.44
Shareholders' equity EUR 0.00
Capital EUR 55,462.00
Subscribed capital (share capital) EUR 55,462.00
Reserves EUR 1,473,600.00
Capital reserves EUR 1,473,600.00
Balance sheet profit/loss (+/-) EUR -2,038,372.10
Balance sheet profit / loss EUR -2,038,372.10
Other shareholders' equity (+/-) EUR 509,310.10
Deficit not covered by shareholders'
equity EUR 509,310.10
Provisions EUR 127,568.09
Liabilities EUR 3,980,850.35
Type of balance
sheet:
Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 4,778,235.97
Fixed assets EUR 1,648,010.02
Intangible assets EUR
1,215,264.69
Other / unspecified intangible
assetsEUR 1,215,264.69
Tangible assets EUR 351,457.48
Other / unspecified tangible assets EUR
351,457.48
Financial assets EUR 81,287.85
Other / unspecified financial assets
EUR 81,287.85
Current assets EUR 1,164,645.95
Stocks EUR 917,536.64
Accounts receivable EUR 246,926.75
Other debtors and assets EUR 246,926.75
Liquid means EUR 182.56
Remaining other assets EUR 1,965,580.00
Accruals (assets) EUR 13,372.46
Deficit not covered by shareholders'
equity EUR 1,952,207.54
LIABILITIES EUR 4,778,235.97
Shareholders' equity EUR 0.00
Capital EUR 55,462.00
Subscribed capital (share capital) EUR 55,462.00
Balance sheet profit/loss (+/-) EUR -2,007,669.54
Balance sheet profit / loss EUR -2,007,669.54
Other shareholders' equity (+/-) EUR 1,952,207.54
Deficit not covered by shareholders'
equity EUR 1,952,207.54
Provisions EUR 112,385.58
Liabilities EUR 4,665,850.39
Other liabilities EUR 4,665,850.39
Unspecified other liabilities
EUR 4,665,850.39
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
: |
DIV |
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|
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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 |
-- |
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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.