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Report No. : |
323806 |
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Report Date : |
28.05.2015 |
IDENTIFICATION DETAILS
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Name : |
KIS ANTRIEBSTECHNIK GMBH & CO. KG |
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|
|
Registered Office : |
Martha-Neumann-Str. 12, D 44263 Dortmund |
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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 : |
05.07.2002 |
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|
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Legal Form : |
Ltd partnership with priv. ltd.
company as general partner |
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Line of Business : |
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No. of Employee : |
19 |
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 |
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Status : |
Satisfactory |
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|
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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) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
|
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 |
KIS ANTRIEBSTECHNIK GMBH & CO. KG
Company Status: active
Martha-Neumann-Str. 12
D 44263 Dortmund
Telephone:0231/9271610
Telefax: 0231/927161-6
Homepage: www.kis-gmbh.de
E-mail: info@kis-gmbh.de.
VAT
no.: DE222336406
Tax
ID number: 316/5845/0584
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Registered on: 05.07.2002
Register of companies: Local
court 44135 Dortmund
under: HRA
14253
Total cap. Contribution EUR 25,600.00
Johannes-Georg Kohlhaas
Grenzweg 16
D 44267 Dortmund
born: 04.08.1951
Share: EUR 17,920.00
Limited partner:
Tim Kohlhaas
D 44137 Dortmund
born: 16.09.1990
born: Ladendorf
Share: EUR 7,680.00
KIS Verwaltungs-GmbH
Martha-Neumann-Str. 12
D 44263 Dortmund
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 28.02.2002
Reg. data: 44135
Dortmund, HRB 15265
Johannes-Georg Kohlhaas
Grenzweg 16
D 44267 Dortmund
born: 04.08.1951
Share: EUR 17,500.00
Shareholder:
Tim Kohlhaas
D 44137 Dortmund
born: 16.09.1990
born: Ladendorf
Share: EUR 7,500.00
Johannes-Georg Kohlhaas
Grenzweg 16
D 44267 Dortmund
having sole power of
representation
born: 04.08.1951
Marital status: married
Manager:
Tim Kohlhaas
D 44137 Dortmund
having sole power of
representation
born: 16.09.1990
born: Ladendorf
Martin Balz
D 44137 Dortmund
having sole power of
representation
born: 15.07.1961
Proxy:
Stefanie Kohlhaas
D 44137 Dortmund
born: 03.07.1977
Proxy:
Martin Balz
D 44137 Dortmund
born: 15.07.1961
1991 - 1999 KIS-Handelsgesellschaft mbH
Vellinghauser Str. 47
D 44289 Dortmund
Private limited
company
2000
- 2008 KIS Antriebstechnik
GmbH
Rüdigerstr. 5
D 44319 Dortmund
Private limited
company
19.06.2008 - 01.11.2009 KIS GmbH & Co.KG
Rüdigerstr. 5
D 44319 Dortmund
Ltd partnership with
priv. ltd. company
as general partner
01.11.2009 - 13.04.2010 KIS GmbH & Co.KG
Martha-Neumann-Str.
12
D 44263 Dortmund
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
28150
Manufacture of bearings, gears, gearing and driving elements
46141
Agents involved in the sale of machines (except agricultural machineryand
office machinery) and industrial supplies .
70220
Business and other management consultancy activities
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type
of ownership: Tenant
Address Martha-Neumann-Str. 12
D 44263 Dortmund
Real
Estate of: KIS Verwaltungs-GmbH
Type
of ownership: Tenant
Address Martha-Neumann-Str. 12
D 44263 Dortmund
Land register documents were not available.
SPARKASSE DORTMUND, 44047 DORTMUND
Sort. code: 44050199
BIC: DORTDE33XXX
DORTMUNDER VOLKSBANK, 44128 DORTMUND
Sort. code: 44160014
BIC: GENODEM1DOR
Turnover: 2013 EUR 9,210,000.00
2014 EUR 9,200,000.00
further business figures:
Equipment: EUR 161,001.00
Ac/ts receivable: EUR 602,315.00
Liabilities: EUR 2,954,649.00
Total numbers of vehicles: 7
Employees:
19
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 29.09
Liquidity ratio: 0.30
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 34.18
Liquidity ratio: 0.39
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 28.13
Liquidity ratio: 0.20
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 30.86
Liquidity
ratio: 0.23
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.
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.
The
balance sheet grade is based on the following ratios: equity
ratio, liquidity ratio and return on total
capital from the
balance sheets published in the Federal
Gazette. It is calculated
in
accordance with the methodology of Euler Hermes. It ranges
from 1.0 (positive) to 5.0 (negative).
Financial year
01.01.2013 - 31.12.2013
ASSETS EUR 3,265,386.49
Fixed assets
EUR 234,145.00
Intangible assets EUR 63,580.50
Concessions, licences, rights
EUR 63,580.50
Tangible assets
EUR 168,964.50
Land / similar rights
EUR 7,964.00
Other tangible assets / fixtures and
fittings
EUR 161,000.50
Financial assets
EUR 1,600.00
Shares in participations /
subsidiaries and the like
EUR 1,600.00
Current assets
EUR 2,996,201.39
Stocks
EUR 2,390,287.04
Finished goods / work in progress
EUR 2,383,057.41
Advance payments made EUR 7,229.63
Accounts receivable
EUR 602,314.54
Trade debtors
EUR 515,645.61
Other debtors and assets
EUR 86,668.93
Liquid means
EUR 3,599.81
Remaining other assets
EUR 35,040.10
Accruals (assets)
EUR 35,040.10
LIABILITIES EUR 3,265,386.49
Shareholders'
equity EUR 25,600.00
Provisions
EUR 285,137.72
Pension provisions and comparable
provisions
EUR 212,838.62
Provisions for taxes
EUR 5,299.10
Other / unspecified provisions
EUR 67,000.00
Liabilities
EUR 2,954,648.77
thereof total due to shareholders
EUR 924,266.13
Financial debts
EUR 1,816,818.94
Liabilities due to banks
EUR 1,816,818.94
Other liabilities
EUR 1,137,829.83
Trade creditors (for IAS incl. bills
of exchange) EUR 97,918.38
Unspecified other liabilities
EUR 1,039,911.45
thereof liabilities from tax /
financial authorities
EUR 78,089.22
thereof liabilities from social
security EUR 3,223.67
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 3,272,502.33
Fixed assets EUR 233,159.00
Intangible assets
EUR 77,585.50
Concessions, licences, rights
EUR 77,585.50
Tangible assets
EUR 153,973.50
Land
/ similar rights EUR 8,676.00
Other tangible assets / fixtures and
fittings
EUR 145,297.50
Financial assets
EUR 1,600.00
Shares in participations /
subsidiaries and the like
EUR 1,600.00
Current assets
EUR 3,010,188.12
Stocks
EUR 2,277,217.62
Finished goods / work in progress
EUR 2,275,553.89
Advance payments made
EUR 1,663.73
Accounts receivable
EUR 732,238.29
Trade debtors
EUR 470,426.45
Other debtors and assets EUR 261,811.84
Liquid means
EUR 732.21
Remaining other assets
EUR 29,155.21
Accruals (assets)
EUR 29,155.21
LIABILITIES
EUR 3,272,502.33
Shareholders' equity
EUR 25,600.00
Capital
EUR 25,600.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 25,600.00
Provisions
EUR 285,142.96
Pension provisions and comparable
provisions
EUR 181,633.84
Provisions for taxes
EUR 43,669.12
Other / unspecified provisions
EUR 59,840.00
Liabilities
EUR 2,961,759.37
Financial debts
EUR 1,679,428.86
Liabilities due to banks EUR
1,679,428.86
Other liabilities
EUR 1,282,330.51
Trade creditors (for IAS incl. bills
of exchange)
EUR 117,702.69
Liabilities due to shareholders
EUR 1,093,099.05
Unspecified other liabilities
EUR 71,528.77
thereof liabilities from tax /
financial authorities
EUR 63,318.64
thereof liabilities from social
security EUR 667.47
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.95 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.69.86 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.