|
Report No. : |
346251 |
|
Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
CENTA-ANTRIEBE KIRSCHEY GMBH |
|
|
|
|
Registered Office : |
Bergische Str. 7 D 42781 Haan Post
Box: 11 25, D 42755 Haan |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
22.01.1990 |
|
|
|
|
Com. Reg. No.: |
HRB 13109 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
307 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 5.2% 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. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private
investment. 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
accounted for 27.8% of gross electricity consumption in 2014, 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. Extremely low inflation, caused largely by low global
energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
CENTA-ANTRIEBE KIRSCHEY GMBH
Company Status: active
Bergische Str. 7
D 42781 Haan
Post Box:
11 25, D 42755 Haan
Telephone:02129/912-0
Telefax:
02129/2790
Homepage: www.centa.info
E-mail:
info@centa.de
VAT no.: DE121390182
Tax ID number: 135/5711/0318
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 22.01.1990
Shareholders'
agreement: 22.01.1990
Registered on: 09.04.1990
Commercial Register: Local court 42103 Wuppertal
under: HRB
13109
Share capital: EUR 2,556,459.27
Shareholder:
Bernd Kirschey
Rappenweg 13
D 42329 Wuppertal
born: 11.04.1963
Share: EUR 1,022,583.70
Shareholder:
Dipl.-Ing. Harald
Kirschey
Scottweg 15
D 42329 Wuppertal
born: 27.06.1961
Share: EUR 1,022,583.70
Shareholder:
Gerhard Kirschey
Ittertaler Str. 52
D 42329 Wuppertal
born: 19.10.1933
Share: EUR 242,863.64
Shareholder:
Kunigunde Kirschey
Ittertaler Str. 52
D 42329 Wuppertal
born: 10.09.1937
née: Schäfer
Share: EUR 242,863.64
Shareholder:
Karin Kirschey-Bolten
D 42103 Wuppertal
Share: EUR 25,564.59
Manager:
Bernd Kirschey
Rappenweg 13
D 42329 Wuppertal
having sole power of
representation
born: 11.04.1963
Profession: Fully
qualified merchant
Marital status: married
Manager:
Dipl.-Ing. Harald
Kirschey
Scottweg 15
D 42329 Wuppertal
having sole power of
representation
born: 27.06.1961
Profession: Engineer
Marital status: married
Further
functions/participations of Bernd Kirschey (Manager)
General
partner:
Gerhard Kirschey +
Kunigunde Kirschey +
Bernd Kirschey + Harald
Kirschey + Karin
Kirschey
Bergische Str. 7
D 42781 Haan
Legal form: Partnership
under the Civil Code
Further functions/participations
of Dipl.-Ing. Harald Kirschey
(Manager)
General
partner:
Gerhard Kirschey +
Kunigunde Kirschey +
Bernd Kirschey + Harald
Kirschey + Karin
Kirschey
Bergische Str. 7
D 42781 Haan
Legal form: Partnership
under the Civil Code
General
partner:
Stefan Koch + Harald
Kirschey
Gambrinusstr. 10
D 42119 Wuppertal
Legal form: Partnership
under the Civil Code
Main
industrial sector
22210
Manufacture of plastic plates, sheets, tubes and profiles
28150
Manufacture of bearings, gears, gearing and driving elements
Shareholder:
EKO GmbH
Seebühlstr. 3
D 77833 Ottersweier
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,000,000.00
Share: EUR 500,000.00
Reg. data: 25.08.2008
Local court 68159 Mannheim
HRB 704952
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
PMI: No significant / relevant payment experience
information pertaining to the company
inquired upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
Balance sheet year: 2013
Type of ownership: Tenant
Address Bergische
Str. 7
D 42781 Haan
Real Estate of: Bernd
Kirschey
Type of ownership: part
owner
Share: 30.00 %
Address Bergische
Str. 7
D 42781 Haan
Value at selling price: EUR 3,750,000.00
Encumbrances: EUR 2,500,000.00
Real Estate of: Bernd
Kirschey
Type of ownership: proprietor
Share: 100.00 %
Address Rappenweg
13
D 42329 Wuppertal
Value at selling price: EUR 300,000.00
Real Estate of: Dipl.-Ing.
Harald Kirschey
Type
of ownership: part owner
Share: 30.00 %
Address Bergische
Str. 7
D 42781 Haan
Value at selling price: EUR 3,750,000.00
Encumbrances: EUR 2,500,000.00
Real Estate of: Dipl.-Ing.
Harald Kirschey
Type of ownership: proprietor
Share: 100.00 %
Address Scottweg
15
D
42329 Wuppertal
Value at selling price: EUR 350,000.00
Encumbrances: EUR 40,000.00
Land register documents were not available.
COMMERZBANK, 40702 HILDEN
Sort. code: 30040000, Account no.: 699931200
BIC: COBADEDDXXX, IBAN: DE31300400000699931200
DEUTSCHE BANK, 42097 WUPPERTAL
Sort. code: 33070090
BIC: DEUTDEDWXXX
BNP PARIBAS NIEDERLASSUNG DEUTSCHLAND, 60327
FRANKFURT AM MAIN
Sort. code: 37010600, Account no.: 1087431126
BIC: GEBADE33XXX, IBAN: DE12370106001087431126
POSTBANK, 45125 ESSEN, RUHR
Sort. code: 36010043
BIC: PBNKDEFFXXX
STADT-SPARKASSE HAAN, 42781 HAAN, RHEINL
Sort. code: 30351220
BIC: WELADED1HAA
Turnover: 2013 EUR 62,445,332.00
Profit:
2013 EUR 4,242,338.00
Equipment: EUR 1,680,610.00
Ac/ts receivable: EUR 10,662,145.00
Liabilities: EUR 11,024,624.00
Employees:
307
-
Trainees:
14
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 68.30
Liquidity ratio: 1.38
Return on total capital [%]: 10.50
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 69.16
Liquidity ratio: 1.82
Return on total capital [%]: 13.54
Balance
sheet ratios 01.01.2011 -
31.12.2011
Equity ratio [%]: 60.86
Liquidity ratio: 1.01
Return on total capital [%]: 10.43
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
Origin of
the present
balance
sheet: electronic German Federal
Gazette
Financial
year: 01.01.2013 - 31.12.2013
ASSETS EUR 40,534,631.49
Fixed assets
EUR 12,791,896.08
Intangible assets
EUR 159,362.53
Concessions, licences, rights
EUR 159,362.53
Tangible assets
EUR 8,870,885.77
Land / similar rights
EUR 3,761,150.21
Plant / machinery
EUR 2,906,201.27
Other tangible assets / fixtures and
fittings
EUR 1,680,609.58
Advance payments made / construction
in progress
EUR 522,924.71
Financial assets
EUR 3,761,647.78
Shares in participations /
subsidiaries and the like
EUR 2,955,313.09
Shares in related companies
EUR 2,259,902.98
Shares in investee companies
EUR 695,410.11
Loans to participations /
subsidiaries and the like
EUR 640,030.91
Loans to investee companies
EUR 640,030.91
Other / unspecified financial assets EUR 166,303.78
Current assets
EUR 27,540,002.18
Stocks
EUR 15,605,270.84
Raw materials, consumables and
supplies
EUR 10,376,878.32
Finished goods / work in progress
EUR 5,228,392.52
Accounts receivable
EUR 10,662,144.55
Amounts due from shareholders
EUR 150,000.00
Trade debtors
EUR 4,407,322.27
Amounts due from related companies
EUR 2,149,515.87
Amounts due from investee companies
EUR 880,417.36
Other debtors and assets
EUR 3,074,889.05
Liquid means
EUR 1,272,586.79
Remaining other assets EUR 202,733.23
Accruals (assets)
EUR 202,733.23
LIABILITIES EUR 40,534,631.49
Shareholders' equity
EUR 25,625,007.79
Capital EUR 2,556,459.41
Subscribed capital (share capital)
EUR 2,556,459.41
Balance sheet profit/loss (+/-)
EUR 23,068,548.38
Profit / loss brought forward
EUR 18,826,210.54
Annual surplus / annual deficit
EUR 4,242,337.84
Provisions
EUR 3,885,000.03
Pension provisions and comparable
provisions
EUR 1,956,987.70
Provisions for taxes EUR 173,242.36
Other / unspecified provisions
EUR 1,754,769.97
Liabilities
EUR 11,024,623.67
Financial debts
EUR 1,500,623.51
Liabilities due to banks
EUR 1,500,623.51
Other liabilities
EUR 9,524,000.16
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,585,445.58
Liabilities due to shareholders
EUR 2,109,000.00
Liabililties due to related companiesEUR 594.56
Liabilities due to investee companiesEUR 595,949.02
Unspecified other liabilities
EUR 5,233,011.00
thereof liabilities from tax /
financial authorities
EUR 315,301.18
thereof liabilities from social
security
EUR 33,961.33
Guarantees and other commitments
EUR 509,000.00
Other guarantees and other commitmentsEUR 509,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 62,445,331.86
Inventory change + own costs (+/-)
EUR 670,050.99
Inventory change (+/-)
EUR 670,050.99
Other operating income
EUR 994,502.97
Cost of materials
EUR 28,933,858.10
Raw materials and supplies, purchased
goods
EUR 28,326,944.97
Purchased services
EUR 606,913.13
Gross result (+/-)
EUR 35,176,027.72
Staff expenses EUR 20,952,688.33
Wages and salaries
EUR 17,688,283.12
Social security contributions and
expenses for pension plans and
benefits
EUR 3,264,405.21
Total depreciation
EUR 1,510,463.16
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,510,463.16
Other operating expenses
EUR 11,136,950.79
Operating result from continuing
operations
EUR 1,575,925.44
Result from participating interests
(+/-)
EUR 3,706,059.64
Expenses / income from participations EUR 3,706,059.64
Income from related companies
EUR 3,706,059.64
Interest result (+/-)
EUR -669,652.10
Interest and similar income
EUR 62,247.01
Interest and similar expenses
EUR 731,899.11
Other financial result
EUR 33,434.36
Income from securities and loans from
financial assets
EUR 33,434.36
Financial result (+/-)
EUR 3,069,841.90
Result from ordinary operations (+/-)
EUR 4,645,767.34
Income tax / refund of income tax (+/-)EUR -399,407.64
Other taxes / refund of taxes
EUR -4,021.86
Tax (+/-) EUR -403,429.50
Annual surplus / annual deficit
EUR 4,242,337.84
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 36,786,195.59
Fixed assets
EUR 11,248,102.37
Intangible assets
EUR 418,421.30
Concessions,
licences, rights EUR 418,421.30
Tangible assets
EUR 7,027,598.60
Land / similar rights
EUR 2,927,222.81
Plant / machinery
EUR 2,730,313.86
Other tangible assets / fixtures and
fittings
EUR 1,369,551.93
Advance payments made / construction
in progress
EUR 510.00
Financial assets EUR 3,802,082.47
Shares in participations /
subsidiaries and the like
EUR 3,248,913.09
Shares in related companies
EUR 2,259,902.98
Shares in investee companies
EUR 989,010.11
Loans to participations /
subsidiaries and the like
EUR 442,551.68
Loans to investee companies
EUR 442,551.68
Other / unspecified financial assets EUR 110,617.70
Current assets
EUR 25,376,667.50
Stocks
EUR 14,271,438.22
Raw materials, consumables and
supplies
EUR 9,713,096.69
Finished goods / work in progress
EUR 4,558,341.53
Accounts receivable
EUR 7,393,140.07
thereof total due from shareholders
EUR 100,000.00
Trade debtors
EUR 3,305,692.77
Amounts due from related companies
EUR 2,010,902.54
Amounts due from investee companies
EUR 486,506.67
Other debtors and assets
EUR 1,590,038.09
Liquid means
EUR 3,712,089.21
Remaining
other assets EUR 161,425.72
Accruals (assets)
EUR 161,425.72
LIABILITIES EUR 36,786,195.59
Shareholders' equity
EUR 23,382,669.95
Capital
EUR 2,556,459.41
Subscribed capital (share capital)
EUR 2,556,459.41
Balance sheet profit/loss (+/-)
EUR 18,826,210.54
Profit / loss brought forward
EUR 13,860,232.07
Annual surplus / annual deficit
EUR 4,965,978.47
Other shareholders' equity (+/-)
EUR 2,000,000.00
Other / unspecified part of the
shareholders' equity
EUR 2,000,000.00
Provisions
EUR 3,586,889.77
Pension provisions and comparable
provisions
EUR 1,934,339.24
Provisions for taxes
EUR 52,163.00
Other / unspecified provisions
EUR 1,600,387.53
Liabilities
EUR 9,816,635.87
thereof total due to shareholders
EUR 2,091,000.00
Financial debts
EUR 768,853.83
Liabilities due to banks EUR 768,853.83
Other liabilities
EUR 9,047,782.04
Trade creditors (for IAS incl. bills
of exchange)
EUR 882,366.58
Liabilities from received advance
payments
EUR 82,049.19
Liabililties due to related companiesEUR 330.26
Liabilities due to investee companiesEUR 445,580.71
Unspecified other liabilities
EUR 7,637,455.30
thereof liabilities from tax /
financial authorities
EUR 332,898.35
thereof liabilities from social
security
EUR 37,478.68
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 60,883,363.45
Inventory change + own costs (+/-)
EUR -642,387.53
Inventory change (+/-)
EUR -642,387.53
Other operating income
EUR 2,245,854.59
Cost of materials
EUR 27,343,159.92
Raw materials and supplies, purchased
goods
EUR 26,912,009.07
Purchased services
EUR 431,150.85
Gross result (+/-)
EUR 35,143,670.59
Staff expenses
EUR 19,693,334.82
Wages and salaries
EUR 16,708,195.44
Social security contributions and
expenses for pension plans and
benefits
EUR 2,985,139.38
Total depreciation
EUR 1,342,428.73
Depreciation on tangible / intangible
asssets
(incl. start-up and exp. of
bus.
EUR 1,342,428.73
Other operating expenses
EUR 10,427,037.40
Operating result from continuing
operations
EUR 3,680,869.64
Result from participating interests
(+/-)
EUR 2,517,076.54
Expenses / income from participations EUR 2,517,076.54
Income from related companies
EUR 2,517,076.54
Interest result (+/-) EUR -598,224.16
Interest and similar income
EUR 66,135.42
thereof from related companies
EUR 0.00
Interest and similar expenses
EUR 664,359.58
thereof paid to related companies
EUR 0.00
Other financial result
EUR 18,342.63
Income from securities and loans from
financial assets
EUR 18,342.63
Financial
result (+/-) EUR 1,937,195.01
Result from ordinary operations (+/-)
EUR 5,618,064.65
Income tax / refund of income tax (+/-)EUR -641,698.53
Other taxes / refund of taxes
EUR -10,387.65
Tax (+/-)
EUR -652,086.18
Annual surplus / annual deficit
EUR 4,965,978.47
Inconsistent balance sheets:
Financial year published on
01.01.2010 - 31.12.2010 13.02.2012
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SDA |
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.