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MIRA INFORM REPORT
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Report No. : |
495956 |
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Report Date : |
08.03.2018 |
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) : |
2017 [Summarized] |
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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 (30.09.2017) |
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 economic 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, investment, and exports are likely to drive
German GDP growth in 2018, and the country’s budget and trade surpluses are
likely to remain high.
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Source
: CIA |
note
The subject of your inquiry is a branch. We are reporting on the headquarters.
Company
name & address
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
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.
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: 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
Financial year: 01.04. - 31.03.
Turnover: 2015/2016 EUR 172,892,857.00
2016/2017 EUR 176,541,866.00
Profit: 2015/2016 EUR 3,542,300.00
2016/2017 EUR 2,770,340.00
further business
figures:
Share capital: EUR 15,338,756.44
Equipment: EUR 4,403,525.00
Ac/ts
receivable:
EUR 33,400,557.00
Liabilities: EUR 48,487,737.00
Real estate of the firm: EUR 21,369,554.00
Employees:
882
- thereof permanent
staff:
882
There may have been some changes since our last research took place. Therefore, a freshly researched report will follow shortly.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.96 |
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1 |
INR 90.34 |
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Euro |
1 |
INR 80.75 |
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EUR |
1 |
INR 80.62 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.