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Report No. : |
322082 |
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Report Date : |
13.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
KRAUSSMAFFEI BERSTORFF GMBH |
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Registered Office : |
An der Breiten Wiese 3/5D 30625
Hannover Post Box: 61 03 60, D 30603 Hannover |
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|
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
01.10.1897 |
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Com. Reg. No.: |
HRB 3787 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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No. of Employee : |
561 |
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 : |
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 – 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 |
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Moderate |
B1 |
|
High |
B2 |
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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, 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 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. 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 accounts for 34% of total energy consumption, 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.
|
Source
: CIA |
KRAUSSMAFFEI
BERSTORFF GMBH
Company
Status: active
An der Breiten Wiese 3/5
D 30625 Hannover
Post Box:
61 03 60, D 30603
Hannover
Telephone:0511/5702-0
Telefax:
0511/561916
Homepage: www.berstorff.de
E-mail: info@kraussmaffei.com
VAT no.: DE115650097
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 01.10.1897
Shareholders'
agreement: 31.01.1910
Registered on: 05.02.1910
Commercial Register: Local court
30175 Hannover
under: HRB 3787
EUR 11,510,000.00
Shareholder:
KraussMaffei Technologies
GmbH
Krauss-Maffei-Str. 2
D 80997 München
Legal form: Private
limited company
Share capital: EUR 2,000,000.00
Share: EUR 11,510,000.00
Registered on: 15.11.2012
Reg. data: 80333 München,
HRB 201924
Control and profit
transfer agreement
Manager:
Paul-Eberhard Kortmann
D 30159 Hannover
authorized to jointly
represent the company
born: 18.10.1959
Manager:
Rainer Standfuß
D 04029 Leipzig
born: 22.03.1967
Marital status: unknown
Manager:
Peter Johannes Roos
D 30855 Langenhagen
born: 27.12.1962
President of the Supervisory Board:
Jan Olaf Siebert
Brunhildenstr. 5
D 80639 München
born: 13.05.1966
Profession: Businessman
Vice-president of the Supervisory Board:
Clars Kudla
Strindbergstr. 9
D 30629 Hannover
born: 09.08.1962
Marital status: unknown
Member of the Supervisory Board:
Christian Bernert
Krauss-Maffei-Str. 2
D 80997 München
born: 13.10.1969
Proxy:
Horst Buchholz
D 30159 Hannover
authorized to jointly represent the
company
Proxy:
Dr. Wolfgang Molter
D 85452 Moosinning
born: 07.04.1956
Proxy:
Dr. Markus Olaf Hunger
D 80331 München
authorized to jointly
represent the company
born: 10.05.1963
Proxy:
Carsten Fritz
D 29221 Celle
authorized to jointly
represent the company
born: 08.07.1963
Proxy:
Wolfgang Krause
D 32657 Lemgo
authorized to jointly
represent the company
born: 12.04.1958
Proxy:
Harald Hepke
D 30159 Hannover
authorized to jointly
represent the company
born: 03.12.1958
Proxy:
Dr. Jens Liebhold
D 31303 Burgdorf
authorized to jointly
represent the company
born: 17.02.1960
Proxy:
Hilmar Heithorst
D 80331 München
authorized to jointly represent
the company
born: 13.05.1963
Proxy:
Ralf J. Dahl
D 30916 Isernhagen
authorized to jointly
represent the company
born: 11.09.1961
Proxy:
Dieter Brunner
D 31311 Uetze
authorized to jointly
represent the company
born: 13.04.1962
Proxy:
Manfred Marienfeld
Käthe-Kollwitz-Weg 1
D 30173 Hannover
authorized to jointly
represent the company
born: 08.12.1960
Proxy:
Uwe Wagner
D 31319 Sehnde
authorized to jointly represent the company
born: 27.05.1965
Proxy:
Norbert Wego
D 85235 Pfaffenhofen
authorized to jointly
represent the company
born: 31.05.1964
Further
functions/participations of Paul-Eberhard Kortmann
(Manager)
Manager:
Burgsmüller GmbH
Hainbergstr. 1
D 37574 Einbeck
Legal form: Private
limited company
Share capital: EUR 1,370,000.00
Registered
on: 20.07.1938
Reg. data: 37073 Göttingen, HRB 131369
Proxy:
KraussMaffei
Technologies GmbH
Krauss-Maffei-Str. 2
D 80997 München
Legal form: Private
limited company
Share capital: EUR 2,000,000.00
Registered
on: 15.11.2012
Reg. data: 80333 München, HRB 201924
Further functions/participations of Rainer
Standfuß (Manager)
Proxy:
KraussMaffei Technologies
GmbH
Krauss-Maffei-Str. 2
D 80997 München
Legal form: Private
limited company
Share capital: EUR 2,000,000.00
Registered
on: 15.11.2012
Reg. data: 80333 München, HRB 201924
Further
functions/participations of Peter Johannes Roos (Manager)
Manager:
KraussMaffei Technologies
GmbH
Krauss-Maffei-Str. 2
D 80997 München
Legal form: Private
limited company
Share capital: EUR 2,000,000.00
Registered
on: 15.11.2012
Reg. data: 80333 München, HRB 201924
05.02.1910 - 24.09.1998 Hermann Berstorff Maschinenbau
Gesellschaft mit
beschränkter Haftung
An der Breiten Wiese
3 und 5
D 30625
Hannover
Private limited
company
25.09.1998 - 22.06.2007 Berstorff GmbH
An der Breiten Wiese
3-5
D 30625 Hannover
Private limited
company
22.06.2007 - 22.06.2007 KraussMaffei Berstorf GmbH (bis
22.06.2007)
An der Breiten Wiese
3-5
D 30625 Hannover
Private limited company
28.01.2009 - 17.11.2014 Manager
Uwe Altena
D 30938 Burgwedel
Main industrial sector
28290
Manufacture of other general-purpose machinery
28410
Manufacture of metal forming machinery
Secondary industrial sector
46692
Wholesale of other machinery
Branch:
KraussMaffei Berstorff
GmbH
Schipkauer Str. 1
D 01987 Schwarzheide
Branch:
KraussMaffei Berstorff
GmbH
Industriestr. 42
D 53359 Rheinbach
Shareholder:
Burgsmüller GmbH
Hainbergstr. 1
D 37574 Einbeck
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,370,000.00
Share: EUR 1,370,000.00
Reg. data: 20.07.1938
Local court
37073 Göttingen
HRB 131369
Payment experience: Slow but Correct
Negative information: We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address An der Breiten Wiese 3/5
D 30625 Hannover
Land
register documents were not available.
Principal bank
COMMERZBANK, 30012 HANNOVER
Sort. code: 25040066, Account no.: 319192100
BIC: COBADEFFXXX, IBAN: DE16250400660319192100
Further bank
UNICREDIT BANK - HYPOVEREINSBANK, 80311 MÜNCHEN
Sort. code: 70020270, Account no.: 5754755
BIC: HYVEDEMMXXX, IBAN: DE22700202700005754755
Turnover: 2013 EUR 53,157,000.00
2014 *EUR 62,392,500.00
Profit: 2013 EUR 2,818,000.00
further business figures:
Equipment: *EUR 4,248,000.00
Ac/ts receivable: EUR 65,368,000.00
Liabilities: EUR 149,856,000.00
Employees:
561
-
thereof permanent staff: 531
-
Trainees:
30
Control and profit transfer agreement to:
KraussMaffei Technologies
GmbH
Krauss-Maffei-Str. 2
D 80997 München
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.10.2013 - 31.12.2013
Equity ratio [%]: -15.05
Liquidity ratio: 0.16
Return on total capital [%]: 1.93
Balance sheet ratios 01.10.2012 - 30.09.2013
Equity ratio [%]: -15.39
Liquidity ratio: 0.15
Return on total capital [%]: 9.20
Balance sheet ratios 01.10.2011 - 30.09.2012
Equity ratio [%]: -24.46
Liquidity ratio: 0.22
Return
on total capital [%]: 25.39
Balance sheet ratios 01.10.2010 - 30.09.2011
Equity ratio [%]: -29.57
Liquidity ratio: 0.13
Return on total capital [%]: 2.79
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: 01.10.2013 - 31.12.2013
ASSETS EUR 192,904,000.00
Fixed assets
EUR 4,738,000.00
Intangible assets
EUR 245,000.00
Tangible assets
EUR 4,493,000.00
Current assets
EUR 187,912,000.00
Stocks
EUR 122,524,000.00
Accounts receivable
EUR 65,368,000.00
Trade debtors
EUR 15,381,000.00
Amounts due from related companies EUR
48,269,000.00
Other debtors and assets
EUR 1,718,000.00
Liquid means
EUR 20,000.00
Remaining other assets
EUR 254,000.00
Accruals (assets)
EUR 254,000.00
LIABILITIES EUR 192,904,000.00
Shareholders' equity
EUR 18,114,000.00
Capital
EUR 11,510,000.00
Subscribed capital (share capital)
EUR 11,510,000.00
Reserves
EUR 6,604,000.00
Capital reserves
EUR 6,604,000.00
Provisions EUR 24,934,000.00
Pension provisions and comparable
provisions
EUR 7,816,000.00
Other / unspecified provisions
EUR 17,118,000.00
Liabilities
EUR 149,856,000.00
Other liabilities
EUR 149,856,000.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 25,598,000.00
Liabilities from received advance
payments EUR 113,988,000.00
Liabililties due to related companiesEUR 9,298,000.00
Unspecified other liabilities
EUR 972,000.00
PROFIT AND
LOSS ACCOUNT (cost of sales method) according to Comm.
Code (HGB)
Sales
EUR 53,157,000.00
Manufacturing costs
EUR 42,794,000.00
Gross result on sales
EUR 10,363,000.00
Distribution costs
EUR 5,818,000.00
General administration expenses
EUR 1,166,000.00
Research and development costs
EUR 522,000.00
Other operating income
EUR 1,893,000.00
Other operating expenses
EUR 1,664,000.00
Operating result from continuing
operations
EUR 3,086,000.00
Interest result (+/-)
EUR -160,000.00
Financial result (+/-)
EUR -160,000.00
Result from ordinary operations (+/-)
EUR 2,926,000.00
Extraordinary expenses
EUR 108,000.00
Extraordinary result (+/-)
EUR -108,000.00
Expenses for transfer of profits to a
parent company
EUR 2,818,000.00
Annual surplus / annual deficit
EUR 0.00
Type of
balance
sheet: Company balance sheet
Financial
year: 01.10.2012 - 30.09.2013
ASSETS EUR 192,537,000.00
Fixed assets
EUR 4,688,000.00
Intangible assets
EUR 280,000.00
Tangible assets
EUR 4,408,000.00
Current assets
EUR 187,519,000.00
Stocks
EUR 123,958,000.00
Accounts receivable
EUR 63,554,000.00
Trade debtors
EUR 13,768,000.00
Amounts due from related companies
EUR 47,870,000.00
Other debtors and assets
EUR 1,916,000.00
Liquid means
EUR 7,000.00
Remaining other assets
EUR 330,000.00
Accruals (assets)
EUR 330,000.00
LIABILITIES EUR 192,537,000.00
Shareholders' equity
EUR 18,114,000.00
Capital
EUR 11,510,000.00
Subscribed capital (share capital)
EUR 11,510,000.00
Reserves
EUR 6,604,000.00
Capital reserves
EUR 6,604,000.00
Provisions EUR 25,260,000.00
Pension provisions and comparable
provisions
EUR 7,669,000.00
Other / unspecified provisions
EUR 17,591,000.00
Liabilities
EUR 149,163,000.00
Other liabilities
EUR 149,163,000.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 24,655,000.00
Liabilities from received advance
payments EUR 117,279,000.00
Liabililties due to related companiesEUR 6,067,000.00
Unspecified other liabilities
EUR 1,162,000.00
PROFIT AND
LOSS ACCOUNT (cost of sales method) according to Comm.
Code (HGB)
Sales
EUR 184,879,000.00
Manufacturing costs
EUR 139,019,000.00
Gross result on sales
EUR 45,860,000.00
Distribution costs
EUR 23,363,000.00
General administration expenses
EUR 4,746,000.00
Research and development costs
EUR 2,102,000.00
Other operating income
EUR 2,790,000.00
Other operating expenses
EUR 2,793,000.00
Operating result from continuing
operations
EUR 15,646,000.00
Interest result (+/-)
EUR -1,759,000.00
Financial result (+/-)
EUR -1,759,000.00
Result from ordinary operations (+/-)
EUR 13,887,000.00
Extraordinary expenses
EUR 108,000.00
Extraordinary result (+/-)
EUR -108,000.00
Expenses for transfer of profits to a
parent company
EUR 13,779,000.00
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.20 |
|
|
1 |
Rs.100.03 |
|
Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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.