|
|
|
MIRA INFORM REPORT
|
Report No. : |
507838 |
|
Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
KAUTEX
MASCHINENBAU GMBH |
|
|
|
|
Registered Office : |
Kautexstr.
54 D 53229 Bonn |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Year of Establishment : |
1935 |
|
|
|
|
Com. Reg. No.: |
HRB 13329 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Manufacture of machinery for food, beverage and tobacco
processing ·
Wholes of metal and plastic goods for construction
purposes |
|
|
|
|
No. of Employees : |
435 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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.
|
Source
: CIA |
Company
name and address
Kautex
Maschinenbau GmbH
Company Status: active
Kautexstr. 54
D 53229 Bonn
Telephone:0228/4890
Telefax:
0228/489414
Homepage: www.kautex-group.com
E-mail:
info@kautex-group.com
CONCLUSION
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1935
Shareholders'
agreement: 05.08.1990
Registered on: 23.09.2004
Commercial Register: Local court 53111 Bonn
under: HRB
13329
Share
capital:
EUR 500,000.00
Shareholder:
Kautex Holding GmbH
Kautexstr. 54
D 53229 Bonn
Legal form: Private limited
company
Share capital: EUR 188,000.00
Share: EUR 500,000.00
Registered on: 04.06.2013
Reg. data: 53111 Bonn, HRB 20111
Manager:
Dr. Olaf Weiland
Bellevue 1
D 53604 Bad Honnef
born: 17.02.1958
Profession: Engineer
Manager:
Andreas Johann Lichtenauer
D 53229 Bonn
authorized to jointly
represent the company
born: 06.05.1961
Profession: graduate
engineer
Proxy:
Frank Röhrlein
Schenkendorfstr. 40
D 45472 Mülheim
authorized to jointly
represent the company
born: 05.10.1961
Proxy:
Alwin Manfred Thilo
Schmidt
D 50733 Köln
authorized to jointly
represent the company
born: 17.02.1963
Proxy:
Andreas Schulz
Dechant-Heimbach-Str. 38
D 53177 Bonn
authorized to jointly
represent the company
born: 20.07.1960
Proxy:
Jürgen Moitzheim
D 53639 Königswinter
authorized to jointly
represent the company
born: 24.04.1964
Further functions/participations of Dr. Olaf
Weiland (Manager)
Shareholder:
Dr. Olaf Weiland
Vermögensverwaltung GmbH
Bellevue 1
D 53604 Bad Honnef
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 02.02.2006
Reg. data: 53111 Bonn, HRB 14297
Manager:
Kautex Holding GmbH
Kautexstr. 54
D 53229 Bonn
Legal form: Private
limited company
Share capital: EUR 188,000.00
Registered
on: 04.06.2013
Reg. data: 53111 Bonn, HRB 20111
Manager:
KMMB Verwaltungsgesellschaft mbH
Bellevue 1
D 53604 Bad Honnef
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 19.04.2013
Reg. data: 53111 Bonn, HRB 20009
Manager:
Dr. Olaf Weiland
Vermögensverwaltung GmbH
Bellevue 1
D 53604 Bad Honnef
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 02.02.2006
Reg. data: 53111 Bonn, HRB 14297
Manager:
Plastomo GmbH
Kautexstr. 54
D 53229 Bonn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 13.04.2006
Reg. data: 50939 Köln, HRB 14448
Further functions/participations of Andreas
Johann Lichtenauer
(Manager)
Shareholder:
Kautex Holding GmbH
Kautexstr. 54
D 53229 Bonn
Legal form: Private
limited company
Share capital: EUR 188,000.00
Share: EUR 5,922.00
Registered
on: 04.06.2013
Reg. data: 53111 Bonn, HRB 20111
Manager:
Kautex Holding GmbH
Kautexstr. 54
D 53229 Bonn
Legal form: Private
limited company
Share capital: EUR 188,000.00
Registered
on: 04.06.2013
Reg. data: 53111 Bonn, HRB 20111
Manager:
KMMB
Verwaltungsgesellschaft mbH
Bellevue 1
D 53604 Bad Honnef
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 19.04.2013
Reg. data: 53111 Bonn, HRB 20009
COMPANY
HISTORY
company name and legal form
12.08.2004 - 22.09.2004 Kautex Maschinenbau GmbH & Co. KG
Kautexstr. 54
D 53229 Bonn
Ltd partnership with
priv. ltd. company
as general partner
28.04.2003 - 12.08.2004 SIG Kautex GmbH & Co. KG
Kautexstr. 54
D 53229 Bonn
Ltd partnership with
priv. ltd. company
as general partner
05.02.2002 - 27.04.2003 SIG Kautex GmbH & Co. KG (HRA 4725)
Kautexstr. 54
D 53229 Bonn
Ltd partnership with
priv. ltd. company
as general partner
29.09.2000 - 05.02.2002 SIG Blowtec Gesellschaft mit
beschränkter Haftung
(HRB 1908)
Kautexstr. 54
D 53229 Bonn
Private limited
company
05.08.1990 - 28.09.2000 Krupp Kautex Maschinenbau GmbH (HRB
1908)
Kautexstr. 54
D 53229 Bonn
Private limited
company
BUSINESS ACTIVITIES
Main industrial sector
28930
Manufacture of machinery for food, beverage and tobacco
processing
46743 Wholes of metal and plastic goods for
construction
purposes
BRANCHES
AND FACTORIES
Works:
Kautex Maschinenbau GmbH
Heinrich-Hertz-Str. 3b
D 14532 Kleinmachnow
FINANCIAL
INFORMATION
Payment experience: within periods customary in this trade
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: Tenant
Address Kautexstr.
54
D 53229 Bonn
Land register documents were not available.
BANKERS
Principal banks
COMMERZBANK, 53003 BONN
Sort. code: 38040007
BIC: COBADEFFXXX
DEUTSCHE BANK, 53004 BONN
Sort. code: 38070059
BIC: DEUTDEDK380
COMMERZBANK VORMALS DRESDNER BANK, 53004 BONN
Sort. code: 38080055
BIC: DRESDEFF380
FINANCIAL FIGURES
Turnover:
2016 EUR 112,529,000.00
Profit: 2016 EUR 11,426,000.00
Equipment: EUR 823,000.00
Ac/ts receivable: EUR 31,754,000.00
Liabilities: EUR 19,533,000.00
Real estate of the firm: EUR 4,997,000.00
Total numbers of vehicles: 10
Employees:
435
- thereof permanent staff: 405
- Trainees:
30
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: -32.53
Liquidity ratio: 1.06
Return on total capital [%]: 51.12
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: -25.76
Liquidity ratio: 1.09
Return on total capital [%]: 21.61
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: -4.44
Liquidity ratio: 0.23
Return on total capital [%]: 14.55
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: -11.96
Liquidity ratio: 0.19
Return on total capital [%]: 6.52
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: 01.01.2016 - 31.12.2016
ASSETS EUR 44,835,000.00
Fixed assets EUR 10,022,000.00
Intangible assets EUR 756,000.00
Concessions, licences, rights EUR 756,000.00
Tangible assets EUR 8,217,000.00
Land / similar rights EUR 4,997,000.00
Plant / machinery EUR 2,260,000.00
Other tangible assets / fixtures and
fittings EUR 823,000.00
Advance payments made / construction
in progress EUR 137,000.00
Financial assets EUR 1,049,000.00
Shares in participations /
subsidiaries and the like EUR 1,049,000.00
Shares in related companies EUR 1,049,000.00
Current assets EUR 34,552,000.00
Stocks
EUR 0.00
Raw materials, consumables and
supplies EUR 6,693,000.00
Finished goods / work in progress EUR
39,284,000.00
Advance payments made EUR 368,000.00
Minus received advance payments for
orders / installments for stocks EUR
-46,345,000.00
Accounts receivable EUR 31,754,000.00
Trade debtors EUR 6,320,000.00
Amounts due from related companies EUR
25,251,000.00
Other debtors and assets EUR 183,000.00
Liquid means EUR 2,798,000.00
Remaining other assets EUR 261,000.00
Accruals (assets) EUR 261,000.00
LIABILITIES EUR 44,835,000.00
Shareholders' equity EUR 7,253,000.00
Capital EUR 500,000.00
Subscribed capital (share capital) EUR 500,000.00
Reserves EUR 1,884,000.00
Capital reserves EUR 1,057,000.00
Retained earnings / revenue reserves
EUR 827,000.00
Balance sheet profit/loss (+/-) EUR 4,869,000.00
Profit / loss brought forward EUR 4,869,000.00
Provisions EUR 18,049,000.00
Pension provisions and comparable
provisions EUR 9,002,000.00
Other / unspecified provisions EUR 9,047,000.00
Liabilities EUR 19,533,000.00
Other liabilities EUR 19,533,000.00
Trade creditors (for IAS incl. bills
of exchange) EUR 9,273,000.00
Liabilities from received advance
payments EUR 452,000.00
Liabililties due to related
companiesEUR 7,958,000.00
Unspecified other liabilities EUR 1,850,000.00
thereof liabilities from tax /
financial authorities EUR 339,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 112,529,000.00
Inventory change + own costs (+/-) EUR
-1,391,000.00
Inventory change (+/-) EUR -1,391,000.00
Other operating income EUR 2,094,000.00
Cost of materials EUR 54,092,000.00
Raw materials and supplies, purchased
goods EUR 50,601,000.00
Purchased services EUR 3,491,000.00
Gross result (+/-) EUR 59,140,000.00
Staff expenses EUR 31,824,000.00
Wages and salaries EUR 26,877,000.00
Social security contributions and
expenses for pension plans and
benefits EUR 4,947,000.00
Total depreciation EUR 991,000.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 991,000.00
Other operating expenses EUR 15,706,000.00
Operating result from continuing
operations EUR 10,619,000.00
Interest result (+/-) EUR 807,000.00
Interest and similar income EUR 1,768,000.00
thereof from related companies EUR 1,766,000.00
Interest and similar expenses EUR 961,000.00
thereof paid to related companies EUR 38,000.00
Financial result (+/-) EUR 807,000.00
Result from ordinary operations (+/-) EUR
11,426,000.00
Expenses for transfer of profits to a
parent company EUR 11,426,000.00
Annual surplus / annual deficit EUR 0.00
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet:
electronic German Federal
Gazette
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR 51,014,000.00
Fixed assets EUR 8,933,000.00
Intangible assets EUR 834,000.00
Concessions, licences, rights EUR 834,000.00
Tangible assets EUR 7,079,000.00
Land / similar rights EUR 4,973,000.00
Plant / machinery EUR 1,389,000.00
Other tangible assets / fixtures and
fittings EUR 717,000.00
Financial assets EUR 1,020,000.00
Shares in participations /
subsidiaries and the like EUR 1,020,000.00
Shares in related companies EUR 1,020,000.00
Current assets EUR 41,695,000.00
Stocks EUR 0.00
Raw materials, consumables and
supplies EUR 6,063,000.00
Finished goods / work in progress EUR
40,676,000.00
Advance payments made EUR 336,000.00
Minus received advance payments for
orders / installments for stocks EUR
-47,075,000.00
Accounts receivable EUR 31,600,000.00
Trade debtors EUR 6,821,000.00
Amounts due from related companies EUR
24,596,000.00
Other debtors and assets EUR 183,000.00
Liquid means EUR 10,095,000.00
Remaining other assets EUR 386,000.00
Accruals (assets) EUR 386,000.00
LIABILITIES EUR 51,014,000.00
Shareholders' equity EUR 7,253,000.00
Capital EUR 500,000.00
Subscribed capital (share capital) EUR 500,000.00
Reserves EUR 1,884,000.00
Capital reserves EUR 1,057,000.00
Retained earnings / revenue reserves
EUR 827,000.00
Balance sheet profit/loss (+/-) EUR 4,869,000.00
Profit / loss brought forward EUR 4,869,000.00
Provisions EUR 17,432,000.00
Pension provisions and comparable
provisions EUR 9,188,000.00
Other / unspecified provisions EUR 8,244,000.00
Liabilities EUR 26,329,000.00
Other liabilities EUR 26,329,000.00
Trade creditors (for IAS incl. bills
of exchange) EUR 5,573,000.00
Liabilities from received advance
payments EUR 12,252,000.00
Liabililties due to related companiesEUR 7,920,000.00
Unspecified other liabilities EUR 584,000.00
thereof liabilities from tax /
financial authorities EUR 295,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 89,520,000.00
Inventory change + own costs (+/-) EUR 5,008,000.00
Inventory change (+/-) EUR 5,008,000.00
Other operating income EUR 2,685,000.00
Cost of materials EUR 47,959,000.00
Raw materials and supplies, purchased
goods EUR 43,679,000.00
Purchased services EUR 4,280,000.00
Gross result (+/-) EUR 49,254,000.00
Staff expenses EUR 29,604,000.00
Wages and salaries EUR 24,508,000.00
Social security contributions and
expenses for pension plans and
benefits EUR 5,096,000.00
Total depreciation EUR 933,000.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 933,000.00
Other operating expenses EUR 12,923,000.00
Operating result from continuing
operations EUR 5,794,000.00
Interest result (+/-) EUR 366,000.00
Interest and similar income EUR 1,566,000.00
thereof from related companies EUR 1,480,000.00
Interest and similar expenses EUR 1,200,000.00
thereof paid to related companies EUR 38,000.00
Financial result (+/-) EUR 366,000.00
Result from ordinary operations (+/-) EUR
6,160,000.00
Expenses for transfer of profits to a
parent company EUR 6,160,000.00
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.31 |
|
|
1 |
INR 91.24 |
|
Euro |
1 |
INR 80.50 |
|
Euro |
1 |
INR 80.90 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
DNS |
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.