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Report No. : |
311390 |
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Report Date : |
13.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
KBA-MEPRINT AG |
|
|
|
|
Registered Office : |
Benzstr. 11, D 97209
Veitshöchheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
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|
|
Date of Incorporation : |
01.04.1969 |
|
|
|
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Com. Reg. No.: |
HRB 7135 |
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|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Engaged in the Development, Design, Production, Marketing and Service
of Printing and Coding Systems. |
|
|
|
|
No of Employees : |
122 |
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 |
|
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) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
KBA-MePrint AG
Benzstr. 11
D 97209 Veitshöchheim
Telephone: 0931/9085-0
Telefax: 0931/9085-100
Homepage: www.kba-meprint.com
E-mail: info@kba-meprint.com
active
DE134159654
Business relations are permissible.
LEGAL FORM Public limited company
Date of foundation: 01.04.1969
Begin of business
activities: 16.08.2000
Registered on: 28.09.2000
Commercial Register: Local
court 97070 Würzburg
under: HRB 7135
Share capital:
EUR 4,600,000.00
KOENIG & BAUER AKTIENGESELLSCHAFT
Friedrich-Koenig-Str. 4
D 97080 Würzburg
Post Box:
60 60, D 97010 Würzburg
Legal form: Public limited company
Share capital: EUR 42,964,435.80
Share:
100.000 %
Registered on: 12.07.1920
Reg. data: 97070 Würzburg, HRB 109
Holger Volpert
D 97776 Eußenheim
authorized to jointly represent the company
born: 12.01.1964
Sven Michael
D 67159 Friedelsheim
having sole power of representation
born: 08.06.1968
Dr. Mathias Dähn
Meisenweg 4
D 82152 Krailling
born: 28.09.1967
Marital status: unknown
Claus Bolza-Schünemann
Spitalweg 8
D 97082 Würzburg
born: 11.07.1956
Profession: graduate engineer
Marital status: married
Member of the Supervisory Board:
Klaus Schmidt
Brenndörfel 9a
D 97265 Hettstadt
born: 13.12.1953
Günter Meyer
Michael-Göbel-Str. 13
D 97337 Dettelbach
authorized to jointly represent the company
born: 01.11.1965
Proxy:
Isolde Scheckeler
D 97209 Veitshöchheim
authorized to jointly represent the company
born: 05.01.1952
01.04.1969 - 27.09.2000 Metronic Gerätebau GmbH & Co. (HRA 2604,
AG Würzburg)
Benzstr. 11
D 97209 Veitshöchheim
Ltd partnership with
priv. ltd. company
as general partner
28.09.2000 - 30.06.2005 METRONIC Aktiengesellschaft
Benzstr. 11
D 97209 Veitshöchheim
Public limited
company
30.06.2005 - 28.07.2010 KBA-METRONIC Aktiengesellschaft (bis
28.07.2010)
Benzstr. 11
D 97209 Veitshöchheim
Public limited
company
28.07.2010 - 22.12.2011 KBA-MetroPrint AG
Benzstr. 11
D 97209 Veitshöchheim
Public limited company
03.12.2012 - 19.11.2014 President of the Supervisory Board
Dr. Axel Kaufmann
D 80331 München
17.10.2013 - 16.05.2014 President of the Board of Directors
Axel Thien
D 97980 Bad
Mergentheim
13.08.2013 - 05.10.2013 President of the Board of Directors
Axel Thien
D 97980 Bad
Mergentheim
13.02.2012 - 02.10.2012 President of the Supervisory Board
Helge Hansen
D 97080 Würzburg
Engaged in the Development, Design, Production, Marketing and Service
of Printing and Coding Systems.
Shareholder:
KBA-Metronic GmbH
Benzstr. 11
D 97209 Veitshöchheim
Post Box:
12 80
Legal form: Private limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 50,000.00
Reg. data: 01.04.1969
Local
court 97070 Würzburg
HRB
62
Payment experience: Slow but Correct
Negative information: We have
no negative information at hand.
Balance sheet year: 2013
Type of ownership: proprietor
Share: 100.00 %
Address Benzstr.
11
D 97209 Veitshöchheim
Type of real estate: commercial premises
Residential floor 6,000.00 sq.m
space/ Usable floor
space:
Land register documents were not available.
Principal bank
VOLKSBANK RAIFFEISENBANK WÜRZBURG, 97206 VEITSHÖCHHEIM
Sort. code: 79090000, Account no.: 5766400
BIC: GENODEF1WU1, IBAN: DE80790900000005766400
Further banks
SPARKASSE MAINFRANKEN WÜRZBURG, 97067 WÜRZBURG
Sort. code: 79050000, Account no.: 44195857
BIC: BYLADEM1SWU, IBAN: DE65790500000044195857
DEUTSCHE BANK, 97004 WÜRZBURG
Sort. code: 79070016, Account no.: 03202000
BIC: DEUTDEMM790
COMMERZBANK VORMALS DRESDNER BANK, 97031 WÜRZBURG
Sort. code: 79080052, Account no.: 307839500
BIC: DRESDEFF790, IBAN: DE24790800520307839500
Turnover: 2013 EUR 10,021,337.00
Profit: 2013 EUR -3,355,286.00
Total numbers of vehicles: 33
- Lorries:
1
Employees: 122
- thereof permanent staff: 115
- Trainees:
7
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 82.24
Liquidity ratio: 3.06
Return on total capital [%]: -7.62
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 39.47
Liquidity ratio: 0.43
Return on total capital [%]: 3.31
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 41.19
Liquidity ratio: 0.59
Return on total capital [%]: 9.88
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 21.32
Liquidity ratio: 0.32
Return on total capital [%]: -19.73
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 21,073,537.68
Fixed assets EUR 9,851,561.76
Intangible assets EUR 12,136.14
Concessions, licences, rights EUR 12,136.14
Tangible assets EUR 2,081,113.43
Land / similar rights EUR 2,019,946.16
Plant / machinery EUR 849.66
Other tangible assets / fixtures and
fittings EUR 60,317.61
Financial assets EUR 7,758,312.19
Shares in participations /
subsidiaries and the like EUR 7,758,312.19
Shares in related companies EUR 7,758,312.19
Current assets EUR 11,174,876.87
Stocks EUR 5,261,596.98
Raw materials, consumables and
supplies EUR 1,753,870.31
Finished goods / work in progress EUR
3,471,929.07
Advance payments made EUR 120,167.60
Minus received advance payments for
orders / installments for stocks EUR -84,370.00
Accounts receivable EUR 5,599,734.23
Trade debtors EUR 1,318,143.90
Amounts due from related companies EUR
4,051,205.48
Other debtors and assets EUR 230,384.85
Liquid means EUR 313,545.66
Remaining other assets EUR 47,099.05
Accruals (assets) EUR 47,099.05
LIABILITIES EUR 21,073,537.68
Shareholders' equity EUR 4,708,695.80
Capital EUR 4,600,000.00
Subscribed capital (share capital) EUR
4,600,000.00
Reserves EUR 7,001,421.29
Capital reserves EUR 3,622,939.11
Retained earnings / revenue reserves
EUR 3,378,482.18
Balance sheet profit/loss (+/-) EUR -6,892,725.49
Balance sheet profit / loss EUR -6,892,725.49
Provisions EUR 1,600,464.18
Other / unspecified provisions EUR
1,600,464.18
Liabilities EUR 14,764,377.70
Other liabilities EUR 14,764,377.70
Trade creditors (for IAS incl. bills
of exchange) EUR 356,546.32
Liabililties due to related
companiesEUR 13,871,657.45
Unspecified other liabilities EUR 536,173.93
thereof liabilities from tax /
financial authorities EUR 243,394.36
Guarantees and other commitments EUR 122,000.00
Guarantees / warranties EUR 122,000.00
Warranties EUR 122,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 10,021,336.90
Inventory change + own costs (+/-) EUR 1,247,932.71
Inventory change (+/-) EUR 1,247,932.71
Other operating income EUR 1,669,246.89
Cost of materials EUR 6,803,710.69
Raw materials and supplies, purchased
goods EUR 6,447,756.10
Purchased services EUR 355,954.59
Gross result (+/-) EUR 6,134,805.81
Staff expenses EUR 5,683,641.32
Wages and salaries EUR 4,772,960.95
Social security contributions and
expenses for pension plans and
benefits EUR 910,680.37
Total depreciation EUR 820,128.31
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 820,128.31
Other operating expenses EUR 2,554,302.54
Operating result from continuing
operations EUR -2,923,266.36
Result from participating interests
(+/-) EUR 1,728,328.43
Expenses / income from participations
EUR 1,728,328.43
Income from transfer of profits EUR 1,728,328.43
Interest result (+/-) EUR -406,522.60
Interest and similar income EUR 92,890.52
thereof from related companies EUR 85,236.67
Interest and similar expenses EUR 499,413.12
thereof paid to related companies EUR 478,400.28
Financial result (+/-) EUR 1,321,805.83
Result from ordinary operations (+/-) EUR
-1,601,460.53
Extraordinary expenses EUR 1,748,937.94
Extraordinary result (+/-) EUR -1,748,937.94
Income tax / refund of income tax
(+/-)EUR 5,592.82
Other taxes / refund of taxes EUR -10,480.58
Tax (+/-) EUR -4,887.76
Annual surplus / annual deficit EUR -3,355,286.23
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 20,430,876.01
Fixed assets EUR 10,764,877.55
Intangible assets EUR 187,382.27
Concessions, licences, rights EUR 182,972.26
Advance payments for intang. assets EUR 4,410.01
Tangible assets EUR 2,819,183.09
Land / similar rights EUR 2,745,123.74
Plant / machinery EUR 8,043.52
Other tangible assets / fixtures and
fittings
EUR 66,015.83
Financial assets EUR 7,758,312.19
Shares in participations /
subsidiaries and the like EUR 7,758,312.19
Shares in related companies EUR 7,758,312.19
Current assets EUR 9,610,689.39
Stocks EUR 4,800,594.13
Raw materials, consumables and
supplies EUR 2,571,574.14
Finished goods / work in progress EUR
2,168,109.99
Advance payments made EUR 135,910.00
Minus received advance payments for
orders / installments for stocks EUR -75,000.00
Accounts receivable EUR 4,779,133.82
Trade debtors EUR 2,020,707.20
Amounts due from related companies EUR
2,500,028.86
Other debtors and assets EUR 258,397.76
Liquid means EUR 30,961.44
Remaining other assets EUR 55,309.07
Accruals (assets) EUR 55,309.07
LIABILITIES EUR 20,430,876.01
Shareholders' equity EUR 8,063,982.03
Capital EUR 4,600,000.00
Subscribed capital (share capital) EUR
4,600,000.00
Reserves EUR
7,001,421.29
Capital reserves EUR 3,622,939.11
Retained earnings / revenue reserves
EUR 3,378,482.18
Balance sheet profit/loss (+/-) EUR -3,537,439.26
Profit / loss brought forward EUR -4,212,701.18
Annual surplus / annual deficit EUR 675,261.92
Provisions EUR 1,111,624.68
Provisions for taxes EUR 98,921.00
Other / unspecified provisions EUR 1,012,703.68
Liabilities EUR 11,255,269.30
Financial debts EUR 788,922.77
Liabilities due to banks EUR 788,922.77
Other liabilities EUR 10,466,346.53
Trade creditors (for IAS incl. bills
of exchange) EUR 253,987.93
Liabililties due to related
companiesEUR 9,941,416.45
Unspecified other liabilities EUR 270,942.15
thereof liabilities from tax /
financial authorities EUR 71,658.57
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 13,304,670.83
Inventory change + own costs (+/-) EUR 217,073.85
Inventory change (+/-) EUR 217,073.85
Other operating income EUR 2,178,938.19
Cost of materials EUR 6,529,685.56
Raw materials and supplies, purchased
goods EUR 6,142,316.28
Purchased services EUR 387,369.28
Gross result (+/-) EUR 9,170,997.31
Staff expenses EUR 6,916,648.90
Wages and salaries EUR 5,775,847.29
Social security contributions and
expenses for pension plans and
benefits EUR 1,140,801.61
Total depreciation EUR 154,828.12
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 154,828.12
Other operating expenses EUR 3,170,664.99
Operating result from continuing
operations EUR -1,071,144.70
Result from participating interests
(+/-) EUR 2,106,695.39
Expenses / income from participations
EUR 2,106,695.39
Income from transfer of profits EUR 2,106,695.39
Interest result (+/-) EUR -340,548.62
Interest and similar income EUR 104,922.87
thereof from related companies EUR 95,666.64
Interest and similar expenses EUR 445,471.49
thereof paid to related companies EUR 396,320.13
Financial result (+/-) EUR 1,766,146.77
Result from ordinary operations (+/-) EUR
695,002.07
Income tax / refund of income tax
(+/-)EUR -9,467.57
Other taxes / refund of taxes EUR -10,272.58
Tax (+/-) EUR -19,740.15
Annual surplus / annual deficit EUR 675,261.92
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.57 |
|
UK Pound |
1 |
Rs.93.57 |
|
Euro |
1 |
Rs.65.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.