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Report No. : |
355483 |
|
Report Date : |
29.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
KIEFEL GMBH |
|
|
|
|
Registered Office : |
Sudetenstr. 3, D 83395 Freilassing |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
21.12.2006 |
|
|
|
|
Com. Reg. No.: |
HRB 17695 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture
of Tools ·
Manufacture
of Other General-Purpose Machinery n.e.c. ·
Manufacture
of Other Special-Purpose Machinery n.e.c. |
|
|
|
|
No. of Employees : |
392 |
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 : |
Slow but correct |
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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 |
KIEFEL
GMBH
Company Status: Active
Sudetenstr. 3
D 83395 Freilassing
Telephone:08654/780
Telefax: 08654/78490
Homepage: www.kiefel.de
E-mail: kiefel@kiefel.de
VAT
No.: DE253848716
Tax
ID number: 163/115/00272
Business
relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 21.12.2006
Shareholders'
agreement: 21.12.2006
Registered on: 16.05.2007
Commercial Register: Local court 83278 Traunstein
under: HRB
17695
EUR 1,500,000.00
Shareholder:
Brückner Group GmbH
Königsberger Str. 5-7
D 83313 Siegsdorf
Post Box:
1264, D 83310 Siegsdorf
Legal form: Private
limited company
Share capital: EUR
15,400,000.00
Share: EUR 1,500,000.00
Registered on: 09.10.1995
Reg. data: 83278
Traunstein, HRB 9697
Manager:
Thomas Halletz
Brückenweg 6
D 83329 Waging
authorized to jointly represent the
company
born: 02.02.1963
Profession: Fully
qualified engineer
Manager:
Peter Eisl
Neutorstr. 21
A 5020 Salzburg
authorized to jointly
represent the company
born: 07.12.1971
Nationality: Austrian
Manager:
Dr. Bernd Stein
D 79199 Kirchzarten
authorized to
jointly represent the company
born: 15.04.1964
Proxy:
Wolfgang Helmrich
D 85406 Zolling
authorized to jointly
represent the company
born: 04.02.1958
Proxy:
Erwin Wabnig
D 83313 Siegsdorf
authorized to jointly
represent the company
born: 05.05.1960
Proxy:
Wolfgang Eglseer
Hochfellnstr. 6
D 83339 Chieming
authorized to jointly
represent the company
born: 30.07.1962
Proxy:
Andreas Frisch
Munketoft 42 c/o
D 24937 Flensburg
authorized to jointly
represent the company
born: 20.10.1964
Profession: Businessman
Proxy:
Johann Haas
D 83395 Freilassing
authorized to jointly
represent the company
born: 11.12.1960
Proxy:
Markus Penninger
A Ebenau
authorized to jointly
represent the company
born: 25.01.1970
Nationality: Austrian
Proxy:
Thomas Huber
D 83125 Eggstätt
authorized to jointly represent
the company
born: 22.04.1963
Proxy:
Andreas Staudinger
D 83395 Freilassing
authorized to jointly
represent the company
born: 01.05.1963
Proxy:
Armin Auer
D 88471 Laupheim
authorized to jointly
represent the company
born: 23.08.1965
21.12.2006 - 16.05.2007 RM 26102 Vermögensverwaltungs GmbH (AG
München, HRB 165218)
Weißenburger Str. 10
D 81667 München
Private limited
company
16.05.2007 - 25.08.2012 Kiefel Verwaltungs GmbH
Königsberger
Str. 5-7
D 83313 Siegsdorf
Private limited
company
Main industrial sector
2573
Manufacture of tools
2829
Manufacture of other general-purpose machinery n.e.c.
2899
Manufacture of other special-purpose machinery n.e.c.
Limited partner:
Kiefel Verwaltungs GmbH
& Co. Hochfrequenz
KG
Sudetenstr. 3
D 83395 Freilassing
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 100,000.00
contribution:
Share: EUR 100,000.00
Reg. data: 25.08.2010
Local court
83278 Traunstein
HRA 9475
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Sudetenstr.
3
D 83395 Freilassing
Land register documents were not available.
A
bank connection is unknown.
Turnover: 2013 EUR 85,778,029.00
Profit: 2013 EUR 1,659,188.00
Equipment: EUR 2,169,237.00
Ac/ts receivable: EUR 20,877,851.00
Liabilities: EUR 18,083,481.00
Employees:
392
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 23.35
Liquidity ratio: 2.06
Return
on total capital [%]: 5.51
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 43.94
Liquidity ratio: 3.79
Return on total capital [%]: -12.89
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 23.93
Liquidity ratio: 0.96
Return on total capital [%]: -1.28
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 41.61
Liquidity ratio: 0.10
Return
on total capital [%]: 0.78
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
Origin of the present balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 61,610,632.26
Fixed assets EUR 28,744,694.86
Intangible assets EUR 21,890,162.00
Concessions, licences,
rights EUR 582,290.00
Goodwill EUR 21,307,872.00
Tangible assets EUR 3,644,264.10
Land / similar
rights EUR 32,360.00
Plant / machinery EUR 1,442,667.00
Other tangible assets /
fixtures and
fittings EUR 2,169,237.10
Financial assets EUR 3,210,268.76
Shares in participations
/
subsidiaries and the
like EUR 3,210,268.76
Shares in related
companies EUR 3,210,268.76
Current assets EUR 30,067,765.93
Stocks EUR 8,787,419.34
Raw materials,
consumables and
supplies EUR 4,129,572.94
Finished goods / work in
progress EUR 17,037,713.67
Advance payments
made EUR 764,503.71
Minus received advance
payments for
orders / installments
for stocks EUR -13,144,370.98
Accounts receivable EUR
20,877,851.15
thereof total due from
shareholders EUR 7,626,670.72
Trade debtors EUR 6,550,205.23
Amounts due from related
companies EUR 12,914,200.34
Other debtors and assets EUR 1,413,445.58
Liquid means EUR 402,495.44
Remaining other
assets EUR 2,798,171.47
Accruals (assets) EUR 134,087.00
Deferred taxes
(assets) EUR 2,573,683.65
Active difference from
asset
offsetting EUR 90,400.82
LIABILITIES EUR 61,610,632.26
Shareholders' equity EUR 27,284,263.68
Capital EUR 1,500,000.00
Subscribed capital
(share capital) EUR 1,500,000.00
Reserves EUR 27,750,000.00
Capital reserves EUR 27,750,000.00
Balance sheet profit/loss
(+/-) EUR -1,965,736.32
Profit / loss brought
forward EUR -3,624,923.82
Annual surplus / annual
deficit EUR 1,659,187.50
Provisions EUR 16,219,682.17
Pension provisions and
comparable
provisions EUR 1,116,053.00
Provisions for taxes EUR 378,121.14
Other / unspecified
provisions EUR 14,725,508.03
Liabilities EUR 18,083,481.41
thereof total due to
shareholders EUR 11,251,565.89
Other liabilities EUR 18,083,481.41
Trade creditors (for IAS
incl. bills
of exchange) EUR 4,419,645.61
Liabililties due to
related companiesEUR
12,719,025.18
Unspecified other
liabilities EUR 944,810.62
thereof liabilities
from tax /
financial
authorities EUR 301,596.12
Other liabilities EUR 23,205.00
Deferrals
(liabilities) EUR 23,205.00
Guarantees and other
commitments EUR 5,455,000.00
Guarantees /
warranties EUR 5,455,000.00
Guarantees EUR 5,455,000.00
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Sales EUR 85,778,029.17
Inventory change + own
costs (+/-) EUR -977,133.73
Inventory change
(+/-) EUR -977,133.73
Other operating
income EUR 1,383,576.74
Cost of materials EUR 35,189,433.28
Raw materials and
supplies, purchased
goods EUR 31,608,843.00
Purchased services EUR 3,580,590.28
Gross result (+/-) EUR 50,995,038.90
Staff expenses EUR 29,632,891.24
Wages and salaries EUR 25,244,108.23
Social security
contributions and
expenses for pension
plans and
benefits EUR 4,388,783.01
Total depreciation EUR 3,542,252.16
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 3,542,252.16
Other operating
expenses EUR 15,531,452.93
Operating result from
continuing
operations EUR 2,288,442.57
Result from participating
interests
(+/-) EUR 1,102,509.50
Expenses / income from
participations EUR 1,102,509.50
Income from related
companies EUR 1,102,509.50
Interest result (+/-) EUR -544,272.28
Interest and similar
income EUR 45,125.10
thereof from related
companies EUR 20,000.00
Interest and similar
expenses EUR 589,397.38
thereof paid to related
companies EUR 368,000.00
Financial result
(+/-) EUR 558,237.22
Result from ordinary
operations (+/-) EUR 2,846,679.79
Income tax / refund of
income tax (+/-)EUR -1,098,703.64
Other taxes / refund of
taxes EUR -88,788.65
Tax (+/-) EUR -1,187,492.29
Annual surplus / annual
deficit EUR 1,659,187.50
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 61,267,828.67
Fixed assets EUR 31,563,569.86
Intangible assets EUR 24,650,393.00
Concessions, licences,
rights EUR 679,036.00
Goodwill EUR 23,971,357.00
Tangible assets EUR 3,702,908.10
Land / similar
rights EUR 5,435.00
Plant / machinery EUR 1,580,654.00
Other tangible assets /
fixtures and
fittings EUR 2,116,819.10
Financial assets EUR 3,210,268.76
Shares in participations
/
subsidiaries and the
like EUR 3,210,268.76
Shares in related
companies EUR 3,210,268.76
Current assets EUR 26,201,937.17
Stocks EUR 7,547,275.64
Raw materials,
consumables and
supplies EUR 5,084,058.04
Finished goods / work in
progress EUR 18,014,847.40
Advance payments made EUR 617,554.98
Minus received advance
payments for
orders / installments
for stocks EUR -16,169,184.78
Accounts receivable EUR 15,256,673.41
Trade debtors EUR
10,027,944.27
Amounts due from related
companies EUR 3,417,496.68
Other debtors and
assets EUR 1,811,232.46
Liquid means EUR 3,397,988.12
Remaining other assets EUR 3,502,321.64
Accruals (assets) EUR 48,381.00
Deferred taxes
(assets) EUR 3,291,189.64
Active difference from
asset
offsetting EUR 162,751.00
LIABILITIES EUR 61,267,828.67
Shareholders' equity EUR 25,625,076.18
Capital EUR 1,500,000.00
Subscribed capital
(share capital) EUR 1,500,000.00
Reserves EUR 27,750,000.00
Capital reserves EUR 27,750,000.00
Balance sheet profit/loss
(+/-) EUR -3,624,923.82
Profit / loss brought
forward EUR 757,029.30
Annual surplus / annual
deficit EUR -4,381,953.12
Provisions EUR 11,643,455.19
Pension provisions and
comparable
provisions EUR
1,318,229.00
Other / unspecified
provisions EUR 10,325,226.19
Liabilities EUR 23,999,297.30
thereof total due to
shareholders EUR 16,579,641.20
Other liabilities EUR 23,999,297.30
Trade creditors (for IAS
incl. bills
of exchange) EUR 5,014,663.80
Liabililties due to
related companiesEUR
18,046,759.69
Unspecified other
liabilities EUR 937,873.81
thereof liabilities
from tax /
financial
authorities EUR 291,949.61
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Sales EUR 72,692,641.37
Inventory change + own
costs (+/-) EUR 3,681,521.25
Inventory change
(+/-) EUR 2,910,796.92
Capitalised own
costs EUR 770,724.33
Other operating
income EUR 795,205.75
Cost of materials EUR 42,776,605.20
Raw materials and
supplies, purchased
goods EUR 37,987,205.16
Purchased services EUR 4,789,400.04
Gross result (+/-) EUR 34,392,763.17
Staff expenses EUR 25,714,426.57
Wages and salaries EUR 21,643,751.02
Social security
contributions and
expenses for pension plans and
benefits EUR 4,070,675.55
Total depreciation EUR 3,595,061.83
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 3,595,061.83
Other operating
expenses EUR 13,947,903.77
Operating result from
continuing
operations EUR -8,864,629.00
Result from participating
interests
(+/-) EUR 651,455.00
Expenses / income from
participations EUR 651,455.00
Income from related
companies EUR 651,455.00
Interest result (+/-) EUR -1,111,974.20
Interest and similar
income EUR 59,420.44
Interest and similar
expenses EUR 1,171,394.64
Financial result
(+/-) EUR -460,519.20
Result from ordinary
operations (+/-) EUR -9,325,148.20
Extraordinary result
(+/-) EUR 3,323,644.06
Income tax / refund of
income tax (+/-)EUR 1,653,374.93
Other taxes / refund of
taxes EUR -33,823.91
Tax (+/-) EUR 1,619,551.02
Annual surplus / annual
deficit EUR -4,381,953.12
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.98.69 |
|
Euro |
1 |
Rs.72.55 |
|
EUR |
1 |
Rs.72.83 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
NIT |
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.