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Report No. : |
306663 |
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Report Date : |
06.02.2015 |
IDENTIFICATION DETAILS
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Name : |
KALWAR CFT FUSIONS-TECHNIK-GMBH |
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Registered Office : |
Gartnischer Weg 131, D 33790 Halle |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
31.08.1994 |
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Com. Reg. No.: |
HRB 4994 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of Metal Forming Machinery · Manufacture of Other Special-Purpose Machinery n.e.c. · Engineering activities in the field of Technical Sectoral Planning and Engineering Design. |
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No. of Employees : |
17 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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, 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.
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Source
: CIA |
KALWAR CFT FUSIONS-TECHNIK-GMBH
Company Status: active
Gartnischer Weg 131
D 33790 Halle
Telephone:05201/859-0
Telefax: 05201/859-100
Homepage: www.kalwar.com
E-mail: info@kalwar.com
DE811796043
LEGAL FORM Private
limited company
Date of foundation: 31.08.1994
Shareholders'
agreement: 31.08.1994
Registered on: 12.06.1997
Commercial Register: Local court 33330 Gütersloh
under: HRB
4994
EUR
150,000.00
Shareholder:
Georg Kalwar
D 33824 Werther
born: 12.10.1966
Share: EUR 141,000.00
Shareholder:
Britta Kalwar
D 33824 Werther
born: 01.11.1966
Share: EUR 9,000.00
Manager:
Georg Kalwar
D 33824 Werther
having sole power of
representation
born: 12.10.1966
Profession: Businessman
Marital status: married
Further functions/participations of Georg
Kalwar (Manager)
Limited partner:
kalwar CIV INNOSERV GmbH
& Co. KG
Gartnischer Weg 131
D 33790 Halle
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 50,000.00
contribution:
Share: EUR 4,000.00
Registered
on: 12.09.2012
Reg. data: 33330 Gütersloh, HRA 6768
Shareholder:
kalwar CIV
Verwaltungs-GmbH
Gartnischer Weg 131
D 33790 Halle
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 10,000.00
Registered
on: 17.08.2012
Reg. data: 33330 Gütersloh, HRB 9185
Manager:
kalwar CSP
Verwaltungs-GmbH
Gartnischer Weg 131
D 33790 Halle
Legal form: Private
limited company
Share capital: EUR
25,000.00
Registered
on: 09.10.2012
Reg. data: 33330 Gütersloh, HRB 9228
31.08.1994 - 12.06.1997 CFT System-Formtechnik GmbH
Nimmersather Str. 10
D 33803 Steinhagen
Private limited
company
12.06.1997 - 01.2000 kalwar CFT FUSIONS-TECHNIK-GMBH
Künsebecker Weg 50
D 33790 Halle
Private limited
company
Main industrial sector
28410
Manufacture of metal forming machinery
28990
Manufacture of other special-purpose machinery n.e.c.
71122
Engineering activities in the field of technical sectoral planning and
engineering design
Secondary industrial sector
4669
Wholesale of other machinery, equipment and supplies
Limited partner:
kalwar CSP SPEZIAL
PRODUKTE GmbH & Co. KG
Gartnischer Weg 131
D 33790 Halle
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 50,000.00
contribution:
Share: EUR 25,000.00
Reg. data: 09.10.2012
Local court
33330 Gütersloh
HRA 6781
Shareholder:
kalwar CSP
Verwaltungs-GmbH
Gartnischer Weg 131
D 33790 Halle
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Reg. data: 09.10.2012
Local court
33330 Gütersloh
HRB 9228
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 Gartnischer
Weg 131
D 33790 Halle
Land register documents were not available.
VOLKSBANK HALLE/WESTF, 33790 HALLE (WESTF.)
Sort. code: 48062051
BIC: GENODEM1HLW
KREISSPARKASSE HALLE, 33778 HALLE (WESTF.)
Sort. code: 48051580
BIC: WELADED1HAW
Profit:
2013 EUR 62,152.00
Ac/ts receivable: EUR 264,291.00
Liabilities: EUR 1,983,168.00
Total numbers of vehicles: 4
Employees:
17
- thereof permanent staff: 11
- Part-time employees: 3
- Trainees:
2
- Freelancer:
1
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 20.08
Liquidity ratio: 0.12
Return on total capital [%]: 2.38
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 17.42
Liquidity ratio: 0.05
Return on total capital [%]: 3.13
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 26.97
Liquidity ratio: 0.09
Return on total capital [%]: 4.77
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 20.85
Liquidity ratio: 0.20
Return on total capital [%]: 3.16
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 2,625,131.23
Fixed
assets EUR 1,460,692.00
Intangible
assets EUR 614.00
Tangible
assets EUR 1,177,928.00
Financial
assets EUR 282,150.00
Other /
unspecified financial assets EUR
282,150.00
Current
assets EUR 1,148,629.23
Stocks EUR 882,180.00
Accounts
receivable EUR 264,291.08
Liquid
means EUR 2,158.15
Remaining
other assets EUR 15,810.00
Accruals
(assets) EUR 15,810.00
LIABILITIES EUR 2,625,131.23
Shareholders'
equity EUR 541,506.28
Capital EUR 150,000.00
Subscribed
capital (share capital) EUR 150,000.00
Balance
sheet profit/loss (+/-) EUR 391,506.28
Profit /
loss brought forward EUR 329,354.15
Annual
surplus / annual deficit EUR 62,152.13
Provisions EUR 100,457.00
Liabilities EUR 1,983,167.95
Type of balance sheet: Company balance sheet
Financial year:
01.01.2012 -
31.12.2012
ASSETS EUR 2,927,950.85
Fixed
assets EUR 1,582,743.00
Intangible
assets EUR 3,509.00
Tangible
assets EUR 1,297,084.00
Financial
assets EUR 282,150.00
Other /
unspecified financial assets EUR
282,150.00
Current
assets EUR 1,316,184.85
Stocks EUR 1,174,770.00
Accounts
receivable EUR 140,357.46
Liquid
means EUR 1,057.39
Remaining
other assets EUR 29,023.00
Accruals
(assets) EUR 29,023.00
LIABILITIES EUR 2,927,950.85
Shareholders'
equity EUR 499,354.15
Capital EUR 150,000.00
Subscribed
capital (share capital) EUR 150,000.00
Balance
sheet profit/loss (+/-) EUR 349,354.15
Profit /
loss brought forward EUR 258,229.69
Annual
surplus / annual deficit EUR 91,124.46
Provisions EUR 75,988.00
Liabilities EUR 2,352,608.70
There may have been some changes since our last
research took
place. Therefore, a freshly researched report will
follow shortly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
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|
1 |
Rs.94.07 |
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Euro |
1 |
Rs.70.19 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.