|
Report No. : |
304480 |
|
Report Date : |
21.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
K + S KALI GMBH |
|
|
|
|
Registered Office : |
Bertha-Von-Suttner-Str.7,
D 34131 Kassel |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
24.02.1997 |
|
|
|
|
Com. Reg. No.: |
HRB 7452 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Mining
of Chemical and Fertilizer Chemicals ·
Sewerage ·
Non-specialized
wholesale of raw materials and half-finished and finished goods · Management of real estate on a fee or contract basis |
|
|
|
|
No. of Employees : |
8,000 |
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 : |
No Complaints |
|
|
|
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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, 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.
|
Source
: CIA |
K + S KALI GMBH
Company Status: active
Bertha-von-Suttner-Str. 7
D 34131 Kassel
Telephone:0561/93010
Telefax: 0561/93011753
Homepage: www.kali-gmbh.com
E-mail: info@kali-gmbh.com
DE217311877
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 24.02.1997
Begin of business
activities: 24.02.1997
Shareholders'
agreement: 24.02.1997
Registered on: 12.02.2001
Commercial Register: Local court 34117 Kassel
under: HRB
7452
EUR
121,000,000.00
Shareholder:
K + S
Aktiengesellschaft
Bertha-von-Suttner-Str. 7
D 34131 Kassel
Post Box:
10 20 29
Legal form: Public
limited company
Share capital: EUR
191,400,000.00
Share: EUR 121,000,000.00
Registered on: 27.08.1971
Reg. data: 34117 Kassel,
HRB 2669
Control and profit
transfer agreement
Manager:
Ralf Diekmann
Georg-Büchner-Str. 1
D 31515 Wunstorf
authorized to jointly
represent the company
born:
25.08.1954
Manager:
Dr. Ralph Jäger
D 34131 Kassel
born: 07.04.1964
Profession: Businessman
Marital status: unknown
Manager:
Alexa Hergenröther
D 37215 Witzenhausen
born: 19.05.1970
President of the Supervisory Board:
Gerhard R. Wolf
D 67547 Worms
Profession: Fully qualified
merchant
Vice-president of the Supervisory Board:
Michael Vassiliadis
D 30451 Hannover
born: 13.03.1964 in Essen
Profession: Chemical
laboratory technician
Marital status:
unknown
Member of the Supervisory Board:
Dr. Ralf Bethke
D 34117 Kassel
Profession: Fully
qualified merchant
Property regime: Statutory
matrimonial
property regime
Marital status: married
Member of the Supervisory Board:
Dr.
Ing. Dietrich Böcker
D 50321 Brühl
Marital status: married
Member of the Supervisory Board:
Gerd
Grimmig
Obere Hamböhlstr. 3
D 34320 Söhrewald
born: 12.04.1953
Profession: Fully qualified
mining engineer
Marital status: married
Member of the Supervisory Board:
Manfred Freitag
D 34117 Kassel
Member of the Supervisory Board:
Dieter Thomaschewski
D 67063 Ludwigshafen
Member of the Supervisory Board:
Helmut Allenstein
D 34123 Kassel
Member of the Supervisory Board:
Günter Brandes
D 14169 Berlin
Member of the Supervisory Board:
Axel Hartmann
D 36119 Neuhof
Member of the Supervisory Board:
Wilfried
Franke
D 36266 Heringen
Profession: Painter
Proxy:
Michael Goetz
D 34117 Kassel
authorized to jointly represent the company
born:
31.01.1973
Proxy:
Kurt Lindhof
D 34117 Kassel
authorized to jointly represent the company
born:
23.03.1956
Proxy:
Jörg Hans Bettenhausen
D 34266 Niestetal
authorized to jointly represent the company
born: 06.10.1964
Profession: Fully
qualified Economist
Proxy:
Matthias
Jüttner
Am Kirschrain 12
D 34128 Kassel
authorized to jointly represent the company
born: 16.03.1962
Proxy:
Andrea Meergans
Trottstr. 4
D 34119 Kassel
authorized to jointly
represent the company
born:
07.05.1965
Proxy:
Dr. Stefan Dressel
D 34131 Kassel
authorized to jointly represent the company
24.03.1997 -
05.07.1999 Dritte BASF
Erwerbsgesellschaft mbH (HRB
4142)
Carl-Bosch-Str. 38
D 67063 Ludwigshafen
Private limited
company
06.07.1999
- 11.02.2001 Torf- und Humuswerk
Raubling GmbH (HRB
5513)
Gildenstr. 38
D 48157 Münster
Private limited
company
12.02.2001
- 18.10.2001 Torf- und Humuswerk
Raubling GmbH
Friedrich-Ebert-Str. 160
D 34119 Kassel
Private limited
company
19.10.2001 - 2001 K + S Kali GmbH
Friedrich-Ebert-Str.
160
D 34119 Kassel
Private limited
company
14.09.2009
- 31.10.2014 Manager
Steffen Kirchhof
D 34130 Kassel
23.01.2007 - 08.05.2014 Manager
Dr. Ernst Andres
D 34131 Kassel
01.06.2012 - 11.12.2012 Manager
Dr. Ulrich Lamp
D 34479 Breuna
Main industrial sector
08910
Mining of chemical and fertilizer chemicals
370
Sewerage
46902
Non-specialized wholesale of raw materials and half-finished and
finished goods
6832
Management of real estate on a fee or contract basis
Works:
K + S Kali GmbH
Am Kaliwerk 6
D 36119 Neuhof
TEL.: 06655/810
FAX.: 06655/811009
Branch:
K
+ S Kali GmbH
Tienberg 25
D 31515 Wunstorf
TEL.: 05031/104-1
FAX.: 05031/104-2407
Branch:
K + S Kali GmbH
Farsleber Str. 1
D 39326 Zielitz
TEL.: 039208/40
FAX.: 039208/42207
Branch:
K + S Kali GmbH
Schachtstr.
D 36414 Unterbreizbach
Branch:
K + S Kali GmbH
Hattorfer Str.
D 36269 Philippsthal
TEL.: 06620/79-0
Branch:
K + S Kali GmbH
Glückauf Str. 56
D 31319 Sehnde
TEL.: 05138/60840
Branch:
K + S Kali GmbH
In der Aue 1
D 36266 Heringen
TEL.: 06624/810
FAX.: 06624/3011702
Limited partner:
3. K + S Verwaltungs GmbH
& Co. Erwerbs KG
Bertha-von-Suttner-Str. 7
D 34131 Kassel
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Reg. data: 21.08.2003
Local court
34117 Kassel
HRA 16143
Shareholder:
Kali-Union
Verwaltungsgesellschaft mbH
Bertha-von-Suttner-Str. 7
D 34131 Kassel
Legal form: Private
limited company
Company Status: active
Share capital: EUR 800,000.00
Share: EUR 800,000.00
Reg. data: 20.01.1977
Local court
34117 Kassel
HRB 3027
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Bertha-von-Suttner-Str.
7
D 34131 Kassel
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 34117 KASSEL, HESS
Sort. code: 52070012
BIC: DEUTDEFF520
Financial year: 01.01. - 31.12.
Turnover: 2013 EUR 1,785,000,000.00
Share capital: EUR 121,000,000.00
Equipment: *EUR 48,000,000.00
Ac/ts receivable: EUR 226,334,000.00
Liabilities: EUR 54,549,000.00
Employees:
8,000
- thereof permanent staff: 1,720
Control and profit transfer agreement to:
K
+ S Aktiengesellschaft
Bertha-von-Suttner-Str. 7
D 34131 Kassel
Post Box:
10 20 29
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
The company in question does not publish own
accounts.
The figures are included in the consolidated
balance sheet of K+S Aktiengesellschaft.
Selected figures for the group per 31.12.2013:
Sales: 3.950.000.000 EUR
Annual surplus: 312.100.000 EUR
Liabilities: 371.000.000 EUR
Receivables: 791.000.000 EUR
Number of employees: 14.421
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.93.27 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.