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MIRA INFORM REPORT
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Report No. : |
493569 |
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Report Date : |
22.02.2018 |
IDENTIFICATION DETAILS
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Name : |
NILES WERKZEUGMASCHINEN GMBH |
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Registered Office : |
Nordring 20, D 12681 Berlin |
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Country : |
Germany |
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Financials (as on) : |
30.06.2016 |
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Date of Incorporation : |
19.07.1995 |
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Com. Reg. No.: |
HRB 56534 B |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
· Manufacture of tools ·
Manufacture of other general-purpose
machinery · Wholesale of other machinery, equipment and supplies |
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No. of Employees : |
139 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 a large
increase in 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. The German Government introduced a
minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5%
of gross electricity consumption in 2016, 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. Domestic consumption, bolstered by low energy prices and a weak
euro, and exports are likely to drive German GDP growth again in 2018.
|
Source
: CIA |
Cmpany
name & address
NILES WERKZEUGMASCHINEN GMBH
Company Status: active
Nordring 20
D 12681 Berlin
Telephone:030/930330
Telefax: 030/930334003
E-mail:
info@kapp-niles.com
VAT
no.: DE173974002
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 19.07.1995
Shareholders'
agreement: 19.07.1995
Registered on: 05.09.1995
Commercial Register: Local court 14057 Berlin
under: HRB 56534 B
Share capital: EUR 15,000,000.00
Shareholder:
KAPP GmbH & Co. KG
Callenberger Str. 52
D 96450 Coburg
Post Box:
21 44, D 96410 Coburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,636,134.00
contribution:
Share: EUR 7,425,000.00
Registered on: 01.07.1953
Reg. data: 96450 Coburg,
HRA 184
Shareholder:
Michael Kapp
Am Meuselsgrund 1
D 96450 Coburg
born: 11.11.1984
Share: EUR 2,587,500.00
Shareholder:
Matthias Kapp
Am Meuselsgrund 1
D 96450 Coburg
born: 07.10.1986
Share: EUR 2,587,500.00
Shareholder:
Philipp Schudt
Fazenda Grama Verde CP 12
BR 18440-000 Itaberá SP
born: 03.05.1986
Share: EUR 600,000.00
Shareholder:
Florian Schudt
Fazenda Grama Verde CP 12
BR 18440-000 Itaberá SP
born: 15.09.1976
Share: EUR 600,000.00
Shareholder:
Fabio Costa
Gutstraße 159
CH 8047 Zürich
born: 11.09.1982
Share: EUR 300,000.00
Shareholder:
Dino Costa
Via Muragls Suot 4
CH 7504 Pontresina
born: 04.03.1984
Share: EUR 300,000.00
Shareholder:
Massimo Costa
Via Muragls Suot 4
CH 7504 Pontresina
born: 19.03.1988
Share: EUR 300,000.00
Shareholder:
Gianina Costa
Via Muragls Suot 4
CH 7504 Pontresina
born: 02.09.1985
Share: EUR 300,000.00
Manager:
Martin Kapp
Am Meuselsgrund 1
D 96450 Coburg
authorized to jointly
represent the company
born: 29.05.1951
Marital status: unknown
Manager:
Helmut Nüßle
Probstgrund 39
D 96450 Coburg
having sole power of
representation
born: 19.12.1960
Profession: degree-level
economist (college
ed.)
Proxy:
Michael Bär
D 96472 Rödental
authorized to jointly
represent the company
born: 03.10.1967
Proxy:
Albert Fischer
D 96450 Coburg
authorized to jointly
represent the company
born: 19.03.1959
Profession: Fully
qualified engineer
Proxy:
Dr. Matthias Schmidt
D 89192 Rammingen
authorized to jointly
represent the company
born: 13.04.1964
Proxy:
Michael Konrad
D 15738 Zeuthen
authorized to jointly
represent the company
born: 10.08.1961
Proxy:
Markus Kunzelmann
D 96486 Lautertal
authorized to jointly
represent the company
born: 14.11.1977
Proxy:
Michael Brief
D 96274 Itzgrund
authorized to jointly
represent the company
born: 16.01.1964
Marital status: unknown
Proxy:
Andreas Paatz
D 96484 Meeder
authorized to jointly
represent the company
born: 05.04.1971
Profession: Fully
qualified engineer
Marital status: unknown
Further functions/participations of Martin
Kapp (Manager)
Limited partner:
KAPP GmbH & Co. KG
Callenberger Str. 52
D 96450 Coburg
Post Box:
21 44, D 96410 Coburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,636,134.00
contribution:
Share: EUR 1,000.00
Registered
on: 01.07.1953
Reg. data: 96450 Coburg, HRA 184
Limited partner:
KAPP Vermögensverwaltungs- GmbH &
Co. KG
Callenberger Str. 52
D 96450 Coburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 163,613.40
contribution:
Share: EUR 100.00
Registered
on: 02.07.2012
Reg. data: 96450 Coburg, HRA 4760
Shareholder:
Mmal3 GmbH
Am Meuselsgrund 1
D 96450 Coburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 21.12.2015
Reg. data: 96450 Coburg, HRB 5705
Manager:
KAPP Technologie GmbH
Gärtnersleite 2
D 96450 Coburg
Post Box:
21 44, D 96450 Coburg
Legal form: Private
limited company
Share
capital: EUR 2,000,000.00
Registered
on: 31.07.1991
Reg. data: 96450 Coburg, HRB 1821
Manager:
KAPP Werkzeugmaschinen
GmbH
Callenberger Str. 52
D 96450 Coburg
Post Box:
21 44, D 96410 Coburg
Legal form: Private
limited company
Share capital: EUR 7,000,000.00
Registered
on: 13.07.1989
Reg. data: 96450 Coburg, HRB 1545
Manager:
KAPP Verwaltungs-GmbH
Callenberger Str. 52
D 96450 Coburg
Legal form: Private
limited company
Share capital: EUR 56,000.00
Registered
on: 25.08.1992
Reg. data: 96450 Coburg, HRB 1953
Manager:
agiflex GmbH Logistik und
Service
Gärtnersleite 7
D 96450 Coburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 29.12.2008
Reg. data: 96450 Coburg, HRB 4550
Manager:
KAPP Ausbildungs-GmbH
Callenberger Str. 52
D 96450 Coburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.11.2016
Reg. data: 96450 Coburg, HRB 5834
Manager:
Mmal3 GmbH
Am Meuselsgrund 1
D 96450 Coburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 21.12.2015
Reg. data: 96450 Coburg, HRB 5705
President of the Supervisory Board:
Vollmer Werke
Maschinenfabrik Gesellschaft
mit beschränkter Haftung
Ehinger Str. 34
D 88400 Biberach
Legal form: Private
limited company
Share capital: EUR
10,000,000.00
Registered
on: 01.01.1909
Reg. data: 89073 Ulm, HRB 640007
Vice-president of the Supervisory Board:
Pazdera AG
Hinterer Floßanger 14
D 96450 Coburg
Legal form: Public
limited company
Share capital: EUR 161,750.00
Registered
on:
09.07.2007
Reg. data: 96450 Coburg, HRB 4320
Vice-president of the Supervisory Board:
BestSens AG
Neustadter Str. 7
D 96450 Coburg
Legal form: Public limited company
Share capital: EUR 201,011.00
Registered
on: 10.02.2012
Reg. data: 96450 Coburg, HRB 5125
Member of the Supervisory Board:
Deutsche Messe
Aktiengesellschaft
Messegelände
D 30521 Hannover
Legal form: Public
limited company
Share capital: EUR
77,000,000.00
Registered
on: 16.08.1947
Reg. data: 30175 Hannover, HRB 4061
Proxy:
KAPP GmbH & Co. KG
Callenberger Str. 52
D 96450 Coburg
Post Box:
21 44, D 96410 Coburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,636,134.00
contribution:
Registered
on: 01.07.1953
Reg. data: 96450 Coburg, HRA 184
Further functions/participations of Helmut Nüßle
(Manager)
Manager:
C4E Technology GmbH
Callenberger Str. 52
D 96450 Coburg
Legal form: Private
limited company
Share capital: EUR
50,000.00
Registered
on: 17.05.2016
Reg. data: 96450 Coburg, HRB 5763
Manager:
C4E Europe GmbH
Callenberger Str. 52
D 96450 Coburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 19.09.2016
Reg. data: 96450 Coburg, HRB 5805
Manager:
KAPP NILES
Dienstleistungs-GmbH
Callenberger Str. 52
D 96450 Coburg
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 13.12.1985
Reg. data: 96450 Coburg, HRB 1182
Manager:
KAPP Verwaltungs-GmbH
Callenberger Str. 52
D 96450 Coburg
Legal form: Private
limited company
Share capital: EUR 56,000.00
Registered
on: 25.08.1992
Reg. data: 96450 Coburg, HRB 1953
Manager:
KAPP Technologie GmbH
Gärtnersleite 2
D 96450 Coburg
Post Box:
21 44, D 96450 Coburg
Legal form: Private
limited company
Share capital: EUR 2,000,000.00
Registered
on: 31.07.1991
Reg. data: 96450 Coburg, HRB 1821
Manager:
KAPP Werkzeugmaschinen
GmbH
Callenberger Str. 52
D 96450 Coburg
Post Box:
21 44, D 96410 Coburg
Legal form: Private limited company
Share capital: EUR 7,000,000.00
Registered
on: 13.07.1989
Reg. data: 96450 Coburg, HRB 1545
Manager:
K-FLEX GmbH
Gärtnersleite 7
D 96450 Coburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 22.12.2015
Reg. data: 96450 Coburg, HRB 5707
Proxy:
KAPP GmbH & Co. KG
Callenberger Str. 52
D 96450 Coburg
Post Box:
21 44, D 96410 Coburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,636,134.00
contribution:
Registered
on: 01.07.1953
Reg. data: 96450 Coburg, HRA 184
COMPANY
HISTORY
company name and legal form
06.06.1996 - 02.03.2000 NILES Werkzeugmaschinen GmbH
Piesporter Str. 50
D 13088 Berlin
Private limited
company
12.04.1996 - 05.06.1996 NMBG Maschinen GmbH
Gehringstr. 39
D 13088 Berlin
Private limited
company
05.09.1995 - 11.04.1996 Zweite "Eichhörnchen"
Vermögensverwaltungsgesellschaft mbH
Kurfürstendamm 212
D 10719 Berlin
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
2573
Manufacture of tools
28290
Manufacture of other general-purpose machinery
4669
Wholesale of other machinery, equipment and supplies
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information:We have no negative
information at hand.
Balance sheet year: 2015/2016
PMI: No significant / relevant payment
experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
REAL
ESTATE
Type of ownership: Tenant
Address Nordring 20
D 12681 Berlin
Land
register documents were not available.
BANKERS
Principal bank
UNICREDIT BANK - HYPOVEREINSBANK, 10896 BERLIN
Sort. code: 10020890
BIC: HYVEDEMM488
Further banks
SPARKASSE COBURG-LICHTENFELS, 96421 COBURG
Sort. code: 78350000, Account no.: 1784
BIC: BYLADEM1COB, IBAN: DE34783500000000001784
COMMERZBANK, 96404 COBURG
Sort. code: 78340091, Account no.: 461852617
BIC: COBADEFFXXX, IBAN: DE49783400910461852617
FINANCIAL
FIGURES
Turnover: 2015/2016 EUR 27,084,000.00
Profit: 2015/2016 EUR 372,872.00
Equipment: EUR 883,105.00
Ac/ts receivable: EUR 32,830,102.00
Liabilities: EUR 2,205,422.00
Employees:
139
-
thereof permanent staff: 139
BALANCE
SHEETS
Balance sheet ratios 01.07.2015 - 30.06.2016
Equity ratio [%]: 85.14
Liquidity ratio: 4.99
Return on total capital [%]: 1.32
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: 01.07.2015 - 30.06.2016
ASSETS EUR 50,142,044.39
Fixed
assets EUR 6,596,590.41
Intangible assets
EUR 21,429.00
Tangible assets
EUR 6,575,161.41
Land / similar rights
EUR 5,087,938.00
Plant / machinery
EUR 553,352.00
Other tangible assets / fixtures and
fittings
EUR 883,105.00
Advance payments made / construction
in progress EUR 50,766.41
Current assets
EUR 43,534,147.75
Stocks
EUR 10,515,781.55
Accounts receivable
EUR 32,830,101.98
Investments in current assets
EUR 177,794.07
Liquid means
EUR 10,470.15
Remaining other assets
EUR 11,306.23
Accruals (assets)
EUR 11,306.23
LIABILITIES EUR 50,142,044.39
Shareholders' equity
EUR 45,944,724.33
Capital
EUR 15,000,000.00
Subscribed capital (share capital)
EUR 15,000,000.00
Reserves
EUR 29,220,500.00
Capital reserves
EUR 5,220,500.00
Retained earnings / revenue reserves EUR 24,000,000.00
Balance sheet profit/loss (+/-)
EUR 1,724,224.33
Balance sheet profit / loss
EUR 1,724,224.33
Provisions
EUR 1,991,897.84
Liabilities
EUR 2,205,422.22
Other liabilities EUR 2,205,422.22
Liabililties due to related companiesEUR 0.00
Unspecified other liabilities
EUR 2,205,422.22
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 17,498,752.11
Staff expenses
EUR 8,681,383.10
Wages and salaries
EUR 7,397,090.91
Social security contributions and
expenses for pension plans and
benefits
EUR 1,284,292.19
Total depreciation
EUR 1,616,612.20
Other operating expenses
EUR 6,572,563.46
Operating result from continuing
operations EUR 628,193.35
Interest result (+/-)
EUR -221,838.37
Interest and similar income
EUR 8,234.67
Interest and similar expenses
EUR 230,073.04
thereof
paid to related companies EUR 167,780.77
Financial result (+/-)
EUR -221,838.37
Result from ordinary operations (+/-)
EUR 406,354.98
Income tax / refund of income tax (+/-)EUR -295.43
Other taxes / refund of taxes
EUR -33,187.96
Tax
(+/-)
EUR -33,483.39
Annual surplus / annual deficit
EUR 372,871.59
Inconsistent balance sheets:
Financial year published on
01.07.2014 - 30.06.2015 09.08.2016
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.82 |
|
|
1 |
INR 90.65 |
|
Euro |
1 |
INR 79.94 |
|
EUR |
1 |
INR 79.81 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.