|
Report No. : |
295060.2 |
|
Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
KLINGELNBERG GMBH. |
|
|
|
|
Registered Office : |
Peterstr. 45, D 42499 Hückeswagen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
26.06.1996 |
|
|
|
|
Com. Reg. No.: |
HRB 37950 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of machine tools Activities of head offices |
|
|
|
|
No. of Employees : |
1,017 |
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 |
|
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 |
KLINGELNBERG GMBH.
Company Status: active
Peterstr. 45
D 42499 Hückeswagen
Telephone:02192/810
Telefax: 02192/81200
Homepage: www.klingelnberg.com
E-mail:
info@klingelnberg.com
VAT
no.: DE184637081
Tax
ID number: 221/5749/0125
Business
relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 26.06.1996
Shareholders'
agreement: 26.06.1996
Registered on: 30.08.1996
Commercial Register: Local court 50939 Köln
under:
HRB 37950
Share capital: EUR 15,338,756.44
Shareholder:
Klingelnberg AG
CH 8005 Zürich
Legal form: Other legal
form
Share: EUR 15,338,756.44
Manager:
Hartmuth Müller
D 42899 Remscheid
authorized to jointly
represent the company
born: 12.07.1959
Profession: Businessman
Manager:
Christoph Küster
D 40472 Ratingen
born: 31.10.1974
President of the Supervisory Board:
Jan Klingelnberg
Im Büler 2
CH 8704 Herrliberg
Nationality: Swiss
Marital status: unknown
Member of the Supervisory Board:
Philipp Kannengießer
D 50667 Köln
born: 21.05.1973
Member of the Supervisory Board:
Rolf Fischer
Lindenbergstr. 57
D 42499 Hückeswagen
Proxy:
Ulrich Hoferichter
Löwenberger Str. 6
D 51645 Gummersbach
authorized to jointly
represent the company
born: 25.09.1956
Profession: graduate
engineer
Marital status: married
Proxy:
Eike Michael Prinz
D 42929 Wermelskirchen
authorized to jointly
represent the company
born: 08.09.1961
Profession: Businessman
Proxy:
Harald Breuer
D 42653 Solingen
authorized to jointly
represent the company
born: 08.06.1956
Profession: Businessman
Proxy:
Gerhard Mohr
D 42853 Remscheid
authorized to jointly
represent the company
born: 10.08.1960
Profession: Businessman
Proxy:
Markus D. Schulte
Breikelchen 16
D 57462 Olpe
authorized to jointly
represent the company
born: 19.01.1967
Proxy:
Dr. Christof Werner
Gorgels
D 50667 Köln
authorized to jointly
represent the company
born: 12.11.1976
Proxy:
Alfred Francois Kohler
CH Bremgarten
authorized to jointly
represent the company
born: 12.07.1953
Nationality: Swiss
Proxy:
Claudia Bodewig
D 50829 Köln
authorized to jointly
represent the company
born: 18.07.1970
Proxy:
Dr. Tim Sadek
D 45468 Mülheim
authorized to jointly
represent the company
born: 25.08.1979
Proxy:
Marzell Brodbeck
D 76137 Karlsruhe
authorized to jointly
represent the company
born: 02.12.1956
Proxy:
Dirk Kükelhahn
F Beinheim
authorized to jointly
represent the company
born: 01.06.1957
Nationality: French
Proxy:
Martin Schweizer
D 76437 Rastatt
authorized to jointly
represent the company
born: 16.07.1971
Proxy:
Omar Sharif
D 76275 Ettlingen
authorized to jointly
represent the company
born: 01.05.1968
Proxy:
Ralf Bechlenberg
I Barzana
authorized to jointly
represent the company
born: 12.09.1961
Nationality: Italian
Proxy:
Dennis Weiche
D 76275 Ettlingen
authorized to jointly
represent the company
born: 13.11.1983
30.08.1996 - 13.11.2001 Klingelnberg Beteiligungs-GmbH
Peterstr. 45
D 42499 Hückeswagen
Private limited
company
12.09.2007 - 04.05.2015 Manager
Thomas Kirschenfauth
D 42899 Remscheid
16.08.2012 - 31.07.2013 Manager
Heinrich Wilhelm
Alban Frietsch
D 76275 Ettlingen
18.03.2003 - 15.05.2013 Manager
Jan Klingelnberg
CH 8700 Küsnacht
Main industrial sector
46620
Wholesale of machine tools
7010
Activities of head offices
Branch:
Klingelnberg GmbH.
Im Stöck 2
D 76275 Ettlingen
TEL.: 07243/930-0
Reg. entry: 07.08.2012
Branch:
Klingelnberg GmbH.
Industriestr. 19
D 76275 Ettlingen
Reg. entry: 07.08.2012
Shareholder:
CM-DIGIT Verwaltungs GmbH
Im Stöck 2
D 76275 Ettlingen
Legal form: Private
limited company
Company Status: dissolved
since: 15.07.2009
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 02.12.1998
Local court
68159 Mannheim
HRB 362170
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Peterstr. 45
D 42499 Hückeswagen
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 42897 REMSCHEID
Sort.
code: 34070093, Account no.: 5050000
BIC: DEUTDEDW340
Turnover: 2012/2013 EUR 192,500,309.00
Profit: 2012/2013 EUR -11,657,807.00
Equipment: EUR 6,177,846.00
Ac/ts receivable: EUR
36,900,061.00
Liabilities: EUR 86,850,110.00
Employees:
1,017
-
thereof permanent staff: 957
-
Trainees:
60
Balance sheet ratios 01.04.2012 - 31.03.2013
Equity ratio [%]: 35.92
Liquidity ratio: 0.62
Return on total capital [%]: -7.47
Balance sheet ratios 01.04.2011 - 31.03.2012
Equity ratio [%]: 48.68
Liquidity ratio: 0.95
Return on total capital [%]: 7.59
Balance
sheet ratios 01.04.2010 - 31.03.2011
Equity ratio [%]: 42.14
Liquidity ratio: 0.50
Return on total capital [%]: 6.32
Balance sheet ratios 01.04.2009 - 31.03.2010
Equity ratio [%]: 47.48
Liquidity ratio: 0.88
Return on total capital [%]: 0.22
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: 01.04.2012 - 31.03.2013
ASSETS EUR 163,832,578.61
Fixed assets
EUR 60,516,338.74
Intangible assets EUR 16,986,711.00
Concessions, licences, rights
EUR 9,192,022.00
Goodwill
EUR 7,743,689.00
Advance payments for intang. assets
EUR 51,000.00
Tangible assets
EUR 43,424,458.20
Land / similar rights
EUR 27,641,960.80
Plant / machinery
EUR 9,604,651.14
Other tangible assets / fixtures and
fittings EUR 6,177,846.26
Financial assets
EUR 105,169.54
Shares in participations /
subsidiaries and the like
EUR 97,500.16
Shares in related companies
EUR 97,500.16
Securities included in fixed assets
EUR 7,669.38
Current assets
EUR 103,144,737.08
Stocks
EUR 66,087,933.51
Raw materials, consumables and
supplies EUR 25,109,080.42
Finished goods / work in progress
EUR 46,612,819.10
Advance payments made
EUR 20,582.16
Minus received advance payments for
orders / installments for stocks
EUR -5,654,548.17
Accounts receivable
EUR 36,900,061.21
Amounts due from shareholders
EUR 0.00
Trade debtors
EUR 26,868,047.12
Amounts
due from related companies EUR 6,900,209.87
Other debtors and assets
EUR 3,131,804.22
Liquid means
EUR 156,742.36
Remaining other assets
EUR 171,502.79
Accruals (assets)
EUR 171,502.79
LIABILITIES EUR 163,832,578.61
Shareholders' equity
EUR 36,708,697.70
Capital
EUR 15,338,756.44
Subscribed capital (share capital)
EUR 15,338,756.44
Reserves
EUR 10,135,502.57
Capital reserves
EUR 10,135,502.57
Balance sheet profit/loss (+/-)
EUR 11,234,438.69
Profit / loss brought forward
EUR 22,892,245.71
Annual surplus / annual deficit
EUR -11,657,807.02
Provisions
EUR 40,273,770.74
Pension provisions and comparable
provisions
EUR 8,500,860.00
Provisions for taxes
EUR 4,818.00
Other / unspecified provisions
EUR 31,768,092.74
Liabilities
EUR 86,850,110.17
Financial debts
EUR 36,920,858.37
Liabilities due to banks
EUR 36,920,858.37
Other liabilities
EUR 49,929,251.80
Trade creditors (for IAS incl. bills
of exchange)
EUR 11,610,930.40
Liabilities from received advance
payments
EUR 6,212,306.36
Liabilities due to shareholders
EUR 27,095,118.41
Liabililties
due to related companiesEUR
604,603.71
Unspecified other liabilities
EUR 4,406,292.92
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 192,500,308.66
Inventory change + own costs (+/-)
EUR -11,258,959.94
Inventory change (+/-)
EUR -11,828,494.10
Capitalised own costs
EUR 569,534.16
Other operating income EUR 2,780,113.21
Cost of materials
EUR 79,583,529.13
Raw materials and supplies, purchased
goods
EUR 67,035,072.60
Purchased services
EUR 12,548,456.53
Gross result (+/-)
EUR 104,437,932.80
Staff expenses
EUR 70,577,878.46
Wages and salaries
EUR 60,781,098.81
Social security contributions and
expenses for pension plans and
benefits
EUR 9,796,779.65
Total depreciation
EUR 6,556,097.19
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 6,556,097.19
Other operating expenses
EUR 37,043,486.56
Operating result from continuing
operations
EUR -9,739,529.41
Interest result (+/-) EUR -2,068,320.47
Interest and similar income
EUR 123,525.47
Interest and similar expenses
EUR 2,191,845.94
Financial result (+/-)
EUR -2,068,320.47
Result
from ordinary operations (+/-) EUR -11,807,849.88
Income tax / refund of income tax (+/-)EUR 224,187.81
Other taxes / refund of taxes
EUR -74,144.95
Tax
(+/-)
EUR 150,042.86
Annual surplus / annual deficit
EUR -11,657,807.02
Type
of balance
sheet: Company balance sheet
Financial year: 01.04.2011 - 31.03.2012
ASSETS EUR 109,187,079.99
Fixed
assets EUR 39,660,361.49
Intangible assets
EUR 784,480.60
Concessions, licences, rights
EUR 720,060.00
Advance payments for intang. assets
EUR 64,420.60
Tangible assets
EUR 38,868,211.35
Land / similar rights
EUR 23,366,569.95
Plant / machinery
EUR 10,931,771.14
Other tangible assets / fixtures and
fittings EUR 4,569,870.26
Financial assets
EUR 7,669.54
Shares in participations /
subsidiaries and the like
EUR 0.16
Shares in related companies
EUR 0.16
Securities included in fixed assets
EUR 7,669.38
Current assets
EUR 69,402,976.98
Stocks
EUR 39,264,443.26
Raw
materials, consumables and
supplies
EUR 14,576,604.53
Finished goods / work in progress
EUR 27,821,803.43
Advance payments made
EUR 255,586.56
Minus received advance payments for
orders / installments for stocks
EUR -3,389,551.26
Accounts receivable
EUR 29,837,179.32
Amounts due from shareholders
EUR 6,258,759.51
Trade debtors
EUR 22,001,087.88
Amounts due from related companies
EUR 736,518.89
Other debtors and assets
EUR 840,813.04
Liquid means
EUR 301,354.40
Remaining other assets EUR 123,741.52
Accruals (assets)
EUR 123,741.52
LIABILITIES EUR 109,187,079.99
Shareholders' equity
EUR 48,366,504.72
Capital EUR 15,338,756.44
Subscribed capital (share capital)
EUR 15,338,756.44
Reserves
EUR 10,135,502.57
Capital reserves
EUR 10,135,502.57
Balance sheet profit/loss (+/-) EUR 22,892,245.71
Profit / loss brought forward
EUR 15,075,588.97
Annual surplus / annual deficit
EUR 7,816,656.74
Provisions
EUR 27,788,289.14
Pension provisions and comparable
provisions
EUR 8,310,424.00
Provisions for taxes
EUR 3,185,298.00
Other / unspecified provisions
EUR 16,292,567.14
Liabilities EUR 33,032,286.13
Financial debts
EUR 6,610,399.43
Liabilities due to banks
EUR 6,610,399.43
Other liabilities
EUR 26,421,886.70
Trade creditors (for IAS incl. bills
of exchange)
EUR 13,896,502.59
Liabilities from received advance
payments
EUR 2,774,067.90
Liabilities due to shareholders
EUR 8,000,000.00
Liabililties due to related companiesEUR 611,108.52
Unspecified other liabilities
EUR 1,140,207.69
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 159,100,202.17
Inventory change + own costs (+/-)
EUR -1,104,110.63
Inventory change (+/-)
EUR -1,139,630.63
Capitalised own costs
EUR 35,520.00
Other operating income
EUR 7,277,592.86
Cost of materials
EUR 67,949,230.48
Raw materials and supplies, purchased
goods
EUR 56,710,548.71
Purchased services
EUR 11,238,681.77
Gross result (+/-)
EUR 97,324,453.92
Staff expenses
EUR 50,032,752.09
Wages and salaries
EUR 43,153,545.94
Social security contributions and
expenses for pension plans and
benefits
EUR 6,879,206.15
Total depreciation
EUR 5,610,592.73
Depreciation on tangible / intangible
asssets
(incl. start-up and exp. of
bus.
EUR 5,610,592.73
Other operating expenses
EUR 29,559,829.21
Operating result from continuing
operations
EUR 12,121,279.89
Interest result (+/-)
EUR -1,448,697.07
Interest and similar income
EUR 57,389.40
Interest and similar expenses
EUR 1,506,086.47
Financial result (+/-)
EUR -1,448,697.07
Result from ordinary operations (+/-)
EUR 10,672,582.82
Income tax / refund of income tax (+/-)EUR -2,790,229.84
Other taxes / refund of taxes
EUR -65,696.24
Tax
(+/-) EUR -2,855,926.08
Annual surplus / annual deficit
EUR 7,816,656.74
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.99.67 |
|
Euro |
1 |
Rs.70.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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.