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MIRA INFORM REPORT
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Report No. : |
485091 |
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Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
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Name : |
KLINGELNBERG GMBH |
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Registered Office : |
Peterstr. 45, D 42499 Hückeswagen |
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Country : |
Germany |
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Financials (as on) : |
31.03.2016 |
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Date of Incorporation : |
26.06.1996 |
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Com. Reg. No.: |
HRB 37950 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Wholesale of machine tools ·
Activities of head offices |
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No. of Employees : |
882 |
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 |
Acceptable Risk |
Business dealings permissible with
moderate 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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 2016 Germany reached a budget surplus of 0.6%. 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 2017.
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Source
: CIA |
note
The subject of your inquiry is a branch. We are reporting on the headquarters.
Company
name and address
Report on: 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
Company
summary
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:
Martin Boelter
Mauerstr. 24
D 32791 Lage
born: 01.10.1961
Profession: graduate engineer
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 61462 Königstein
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:
Hartmuth Müller
D 42899 Remscheid
authorized to jointly represent the company
born: 12.07.1959
Profession: Businessman
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 42499 Hückeswagen
authorized to jointly represent the company
born: 10.08.1960
Profession: Businessman
Proxy:
Dr. Alexander Landvogt
D 76275 Ettlingen
authorized to jointly represent the company
born: 11.04.1968
Nationality: Swiss
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:
Dr. Markus Brumm
D 50226 Frechen
authorized to jointly represent the company
born: 06.10.1979
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:
Dennis Weiche
D 76275 Ettlingen
authorized to jointly represent the company
born: 13.11.1983
Proxy:
Uwe Epler
D 51688 Wipperfürth
authorized to jointly represent the company
born: 02.10.1956
Proxy:
Dr. Niels Eichhorn
D 42499 Hückeswagen
authorized to jointly represent the company
born: 19.04.1980
COMPANY
HISTORY
company name and legal form
30.08.1996 - 13.11.2001 Klingelnberg Beteiligungs-GmbH
Peterstr. 45
D 42499 Hückeswagen
Private limited company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
25.04.2016 - 20.06.2016 Manager
Arkin Pariltan
D 51371 Leverkusen
23.11.2001 - 21.04.2016 Manager
Hartmuth Müller
D 42899 Remscheid
12.09.2007 - 04.05.2015 Manager
Tomas Kirschenfauth
D 50667 Köln
BUSINESS
ACTIVITIES
Main industrial sector
46620 Wholesale of machine tools
7010 Activities of head offices
BRANCHES
AND FACTORIES
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
TEL.: 07243/5990
Reg. entry: 07.08.2012
PARTICIPATIONS
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
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2015/2016
REAL
ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Peterstr. 45
D 42499 Hückeswagen
Land register documents were not available.
BANKERS
Principal bank
DEUTSCHE BANK, 42897 REMSCHEID
Sort. code: 34070093, Account no.: 5050000
BIC: DEUTDEDW340, IBAN: DE57340700930505000000
FINANCIAL
FIGURES
Turnover: 2015/2016 EUR 172,892,857.00
Profit: 2015/2016 EUR 3,542,300.00
Equipment: EUR 4,737,077.00
Ac/ts
receivable: EUR 32,119,131.00
Liabilities: EUR 50,856,314.00
Real estate of the
firm: EUR 21,369,554.00
Employees:
882
- thereof permanent
staff:
882
BALANCE
SHEETS
Balance sheet ratios
01.04.2015 - 31.03.2016
Equity ratio
[%]: 56.40
Liquidity
ratio: 1.05
Return on total
capital [%]: 2.75
Balance sheet ratios
01.04.2014 - 31.03.2015
Equity ratio
[%]: 45.47
Liquidity
ratio: 0.73
Return on total
capital [%]: -3.42
Balance sheet ratios
01.04.2013 - 31.03.2014
Equity ratio
[%]: 52.59
Liquidity
ratio: 0.88
Return on total
capital [%]: -1.45
Balance sheet ratios
01.04.2012 - 31.03.2013
Equity ratio
[%]: 35.92
Liquidity
ratio: 0.62
Return on total
capital [%]: -7.47
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: 01.04.2015
- 31.03.2016
ASSETS EUR 134,985,865.51
Fixed assets EUR 44,701,976.43
Intangible assets EUR 12,039,175.00
Concessions, licences, rights EUR 5,916,260.00
Goodwill EUR 6,122,915.00
Tangible assets EUR 32,545,928.05
Land / similar rights EUR 21,369,553.79
Plant / machinery EUR 6,439,297.00
Other tangible assets / fixtures and
fittings EUR 4,737,077.26
Financial assets EUR 116,873.38
Shares in participations /
subsidiaries and the like EUR 109,204.00
Shares in related companies EUR 109,204.00
Securities included in fixed assets EUR 7,669.38
Current assets
EUR 89,749,479.70
Stocks EUR 57,248,715.22
Raw materials, consumables and
supplies EUR 20,186,560.25
Finished goods / work in progress EUR
38,005,131.99
Advance payments made EUR 55,790.00
Minus received advance payments for
orders / installments for stocks EUR -998,767.02
Accounts receivable EUR 32,119,130.76
Trade debtors EUR 24,578,950.07
Amounts due from related companies EUR
6,957,063.87
Other debtors and assets EUR 583,116.82
Liquid means EUR 381,633.72
Remaining other assets EUR 534,409.38
Accruals (assets) EUR 534,409.38
LIABILITIES EUR 134,985,865.51
Shareholders' equity EUR 58,847,902.39
Capital EUR 15,338,756.44
Subscribed capital (share capital) EUR
15,338,756.44
Reserves EUR 35,135,502.57
Capital reserves EUR
35,135,502.57
Balance sheet profit/loss (+/-) EUR 8,373,643.38
Profit / loss brought forward EUR 4,831,343.85
Annual surplus / annual deficit EUR 3,542,299.53
Provisions EUR 25,281,649.35
Pension provisions and comparable
provisions EUR 8,498,703.00
Other / unspecified provisions EUR 16,782,946.35
Liabilities EUR 50,856,313.77
Financial debts EUR 16,402,805.32
Liabilities due to banks EUR 16,402,805.32
Other liabilities EUR 34,453,508.45
Trade creditors (for IAS incl. bills
of
exchange)
EUR 10,321,063.60
Liabilities from received advance
payments EUR 1,685,062.02
Liabilities due to shareholders EUR 19,958,133.60
Liabililties due to related
companiesEUR 824,763.65
Unspecified other liabilities EUR 1,664,485.58
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 172,892,857.05
Inventory change + own costs (+/-) EUR 2,081,041.36
Inventory change (+/-) EUR 534,342.72
Capitalised own costs EUR 1,546,698.64
Other operating income EUR 5,911,409.87
Cost of materials EUR 74,102,531.64
Raw materials and supplies, purchased
goods EUR 64,756,146.55
Purchased services EUR 9,346,385.09
Gross result (+/-) EUR 106,782,776.64
Staff expenses EUR 65,928,298.66
Wages and salaries EUR 55,983,730.06
Social security contributions and
expenses for pension plans and
benefits EUR 9,944,568.60
Total depreciation EUR 5,985,395.17
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR
5,985,395.17
Other operating expenses EUR 29,030,757.88
Operating result from continuing
operations EUR 5,838,324.93
Interest result (+/-) EUR -2,137,175.77
Interest and similar income EUR 63,582.11
Interest and similar expenses EUR 2,200,757.88
Financial result (+/-) EUR -2,137,175.77
Result from ordinary operations (+/-) EUR
3,701,149.16
Income tax / refund of income tax
(+/-)EUR -46,371.74
Other taxes / refund of taxes EUR -112,477.89
Tax (+/-) EUR -158,849.63
Annual surplus / annual deficit EUR 3,542,299.53
Type of balance
sheet: Company balance sheet
Origin of the
present balance sheet: electronic German Federal Gazette
Financial year: 01.04.2014
- 31.03.2015
ASSETS EUR 136,971,763.55
Fixed assets EUR 47,998,323.14
Intangible assets EUR 13,320,560.00
Concessions, licences, rights EUR 6,657,387.00
Goodwill EUR 6,663,173.00
Tangible assets EUR 34,566,330.89
Land / similar rights EUR 23,348,998.78
Plant / machinery EUR 6,322,836.14
Other tangible assets / fixtures and
fittings EUR 4,880,098.26
Advance payments made / construction
in progress EUR 14,397.71
Financial assets EUR 111,432.25
Shares in participations /
subsidiaries and the like EUR 103,762.87
Shares in related companies EUR 103,762.87
Securities included in fixed assets EUR 7,669.38
Current assets EUR 88,929,016.17
Stocks EUR 55,909,230.38
Raw materials, consumables and
supplies EUR 19,850,427.46
Finished goods / work in progress EUR
37,470,789.27
Advance payments made EUR 10,344.00
Minus received advance payments for
orders / installments for stocks EUR
-1,422,330.35
Accounts receivable EUR 32,957,842.74
Trade debtors EUR 22,456,106.94
Amounts due from related companies EUR
9,933,628.70
Other debtors and assets EUR 568,107.10
Liquid means EUR 61,943.05
Remaining other assets EUR 44,424.24
Accruals (assets) EUR 44,424.24
thereof disagio EUR 3,000.00
LIABILITIES EUR 136,971,763.55
Shareholders' equity EUR 55,305,602.86
Capital EUR 15,338,756.44
Subscribed capital (share capital) EUR
15,338,756.44
Reserves EUR 35,135,502.57
Capital reserves EUR 35,135,502.57
Balance sheet profit/loss (+/-) EUR 4,831,343.85
Profit / loss brought forward EUR 9,283,800.95
Annual surplus / annual deficit EUR -4,452,457.10
Provisions EUR 26,125,279.49
Pension provisions and comparable
provisions EUR 9,222,956.00
Other / unspecified provisions EUR 16,902,323.49
Liabilities EUR 55,540,881.20
Financial debts EUR 27,735,631.77
Liabilities due to banks EUR 27,735,631.77
Other liabilities EUR 27,805,249.43
Trade creditors (for IAS incl. bills
of exchange) EUR 10,875,555.04
Liabilities from received advance
payments EUR 2,153,186.37
Liabilities due to shareholders EUR
10,602,715.87
Liabililties due to related
companiesEUR 217,515.12
Unspecified other liabilities EUR 3,956,277.03
thereof liabilities from tax /
financial authorities EUR 1,684,000.00
thereof liabilities from social
security EUR 59,000.00
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 176,360,855.52
Inventory change + own costs (+/-) EUR -239,162.32
Inventory change (+/-) EUR -239,162.32
Other operating income EUR 4,671,024.54
Cost of materials EUR 79,089,124.17
Raw materials and supplies, purchased
goods EUR 69,931,911.93
Purchased services EUR 9,157,212.24
Gross result (+/-) EUR 101,703,593.57
Staff expenses EUR 63,757,102.01
Wages and salaries EUR 53,012,996.37
Social security contributions and
expenses for pension plans and
benefits EUR 10,744,105.64
Total depreciation EUR 6,293,049.25
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 6,293,049.25
Other operating expenses EUR 32,110,717.89
Operating result from continuing
operations EUR -457,275.58
Interest result (+/-) EUR -2,966,786.68
Interest and similar income EUR 165,569.28
thereof from related companies
EUR 9,000.00
Interest and similar expenses EUR 3,132,355.96
thereof paid to related companies EUR
1,751,000.00
Financial result (+/-) EUR -2,966,786.68
Result from ordinary operations (+/-) EUR
-3,424,062.26
Income tax / refund of income tax
(+/-)EUR -953,261.46
Other taxes / refund of taxes EUR -75,133.38
Tax (+/-) EUR -1,028,394.84
Annual surplus / annual
deficit EUR -4,452,457.10
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.53 |
|
|
1 |
INR 86.05 |
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Euro |
1 |
INR 76.53 |
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Euro |
1 |
INR 77.62 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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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.