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MIRA INFORM REPORT
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Report No. : |
510541 |
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Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
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Name : |
MKM MANSFELDER KUPFER UND MESSING GMBH |
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Registered Office : |
Lichtlöcherberg 40, D 06333 Hettstedt |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1909 |
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Com. Reg. No.: |
HRB 207208 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Other non-ferrous metal production ·
Treatment and coating of metals · Wholesale of non-ferrous ores, metals and metal semi-finished goods |
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No. of Employees : |
1,161 |
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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WITH FINANCIALS |
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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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
Company name & address
MKM MANSFELDER KUPFER UND MESSING GMBH
Company Status: active
Lichtlöcherberg 40
D 06333 Hettstedt
Telephone:03476/890
Telefax: 03476/812476
Homepage: www.mkm-hett.de
E-mail: info@mkm-hett.eu
VAT no.: DE811184185
LEGAL FORM Private
Limited Company
Date of foundation: 1909
Shareholders'
agreement: 13.09.1990
Registered on: 13.09.1990
Commercial Register: Local court 39576 Stendal
under: HRB 207208
Share capital:
EUR 38,349,000.00
Shareholder:
Copper 1909
Bidco GmbH
Lichtlöcherberg 40
D 06333
Hettstedt
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Share: EUR 38,349,000.00
Registered
on: 30.09.2013
Reg. data:
39576 Stendal, HRB 19876
Profit
transfer agreement
Manager:
Roland Alois
Harings
CH Herrliberg
born:
28.06.1963
Nationality:
Swiss
President of the Supervisory Board:
Matthew Hird
GB London
Nationality:
British
Member of the Supervisory Board:
Thomas Hund
Immortellenweg 41a
D 12623 Berlin
born:
29.11.1964 in Belzig
Profession:
Physicist
Marital
status: married
Member of the Supervisory Board:
Gabriele
Siebert
D 06343
Mansfeld
Member of the Supervisory Board:
Thomas Lipsch
D 06308
Siersleben
Proxy:
Helge
Trautmann
Harzstr. 4a
D 06343
Mansfeld
authorized to
jointly represent the company
born:
21.07.1962
Proxy:
Frank Becker
D 57482
Wenden
authorized to
jointly represent the company
born:
14.03.1969
Proxy:
Vincent Nguyen
CH Morges
authorized to
jointly represent the company
born:
03.02.1966
Nationality:
Swiss
Marital
status: unknown
Proxy:
Gernot
Wurzler
D 06333
Arnstein
authorized to
jointly represent the company
born:
01.06.1962
Proxy:
Mario
Straßberger
D 06108 Halle
authorized to
jointly represent the company
born:
06.02.1987
Marital
status: unknown
COMPANY
HISTORY
company name and legal form
13.09.1990 - 19.10.1993 Walzwerk
Hettstedt AG
Lichtlöcherberg 40
D 06333
Hettstedt
Public
limited company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
15.05.2014 - 17.03.2017 Manager
Gerhard
Wilhelm Bickmann
Kuckucksweg 2a
D 61462
Königstein
BUSINESS
ACTIVITIES
Main industrial sector
24450 Other non-ferrous metal
production
25610 Treatment and coating of
metals
46722 Wholesale of non-ferrous
ores, metals and metal semi-finished goods
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information: We have no negative information at hand.
Balance sheet year: 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: proprietor
Share: 100.00 %
Address Lichtlöcherberg 40
D 06333
Hettstedt
Land register documents were not available.
BANKERS
DEUTSCHE BANK, 06004 HALLE (SAALE)
Sort. code: 86070000, Account no.: 532003100
BIC: DEUTDE8LXXX, IBAN: DE80860700000532003100
FINANCIAL
FIGURES
Turnover: 2016 EUR 889,939,739.00
Profit: 2016 EUR -2,906,602.00
Equipment: EUR 7,485,333.00
Ac/ts
receivable: EUR 72,124,348.00
Liabilities: EUR 139,545,256.00
Employees:
1,161
-
Trainees:
61
Profit transfer agreement to:
Copper 1909 Bidco GmbH
Lichtlöcherberg 40
D 06333
Hettstedt
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]:
36.43
Liquidity ratio: 0.25
Return on total capital [%]:
-1.22
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]:
44.06
Liquidity ratio:
0.20
Return on total capital [%]:
3.87
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]:
48.88
Liquidity ratio:
0.25
Return on total capital [%]:
-1.92
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]:
56.49
Liquidity ratio:
0.57
Return on total capital [%]:
1.30
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 276,933,404.67
Fixed assets EUR 84,875,427.36
Intangible assets EUR 2,465,645.00
Concessions, licences, rights EUR 2,465,645.00
Tangible assets EUR 80,737,059.33
Land / similar rights EUR 21,996,465.72
Plant / machinery EUR 42,187,144.00
Other tangible assets / fixtures and
fittings EUR 7,485,333.00
Advance payments made / construction
in progress EUR
9,068,116.61
Financial assets EUR 1,672,723.03
Shares in participations /
subsidiaries and the like EUR 1,672,723.03
Shares in related companies EUR 56,581.17
Shares in investee companies EUR 1,616,141.86
Current assets EUR 191,059,517.40
Stocks EUR 111,273,056.33
Raw materials, consumables and
supplies EUR 6,627,004.00
Finished goods / work in progress EUR
104,646,052.33
Accounts receivable EUR 72,124,347.81
Trade debtors EUR 15,079,646.19
Amounts due from related companies EUR
40,788,273.94
Other debtors and assets EUR 16,256,427.68
Liquid means EUR 7,662,113.26
Remaining other assets EUR 998,459.91
Accruals (assets) EUR 998,459.91
LIABILITIES EUR 276,933,404.67
Shareholders' equity EUR 125,891,069.78
Capital EUR 38,349,000.00
Subscribed capital (share capital) EUR
38,349,000.00
Reserves EUR 79,000,000.00
Capital reserves EUR 79,000,000.00
Balance sheet profit/loss (+/-) EUR 8,542,069.78
Balance sheet profit / loss EUR 8,542,069.78
Provisions EUR 11,497,078.78
Provisions for taxes EUR 160,500.00
Other / unspecified provisions EUR 11,336,578.78
Liabilities EUR 139,545,256.11
Financial debts EUR 107,685,742.66
Liabilities due to banks EUR 107,685,742.66
Other liabilities EUR
31,859,513.45
Trade creditors (for IAS incl. bills
of exchange) EUR 26,181,256.94
Liabililties due to related
companiesEUR 148,966.62
Unspecified other liabilities EUR 5,529,289.89
thereof liabilities from tax /
financial authorities EUR 3,689,471.92
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 889,939,739.30
Inventory change + own costs (+/-) EUR
13,809,152.27
Inventory change (+/-) EUR 13,281,280.47
Capitalised own costs EUR 527,871.80
Other operating income EUR 12,727,379.70
Cost of materials EUR 789,006,615.34
Raw materials and supplies, purchased
goods EUR 783,656,388.62
Purchased services EUR 5,350,226.72
Gross result (+/-) EUR 127,469,655.93
Staff expenses EUR 60,403,870.77
Wages and salaries EUR 50,890,249.58
Social security contributions and
expenses for pension plans and
benefits EUR 9,513,621.19
Total depreciation EUR 13,633,251.07
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR
13,633,251.07
Other operating expenses EUR 54,112,088.62
Operating result from continuing
operations EUR -679,554.53
Interest result (+/-) EUR -1,947,852.29
Interest and similar income EUR 2,160,685.05
thereof from related companies EUR 2,074,463.52
Interest and similar expenses EUR 4,108,537.34
thereof paid to related companies EUR 58,412.53
Financial result (+/-) EUR -1,947,852.29
Result from ordinary operations (+/-) EUR
-2,627,406.82
Income from assumption of loss by
parent company EUR 2,906,602.20
Income tax / refund of income tax
(+/-)EUR -16,097.78
Other taxes / refund of taxes EUR -263,097.60
Tax (+/-) EUR -279,195.38
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 241,844,218.54
Fixed assets EUR 74,119,459.00
Intangible assets EUR 1,356,722.00
Concessions, licences, rights EUR 1,356,722.00
Tangible assets EUR 72,755,631.74
Land / similar rights EUR 22,026,245.13
Plant / machinery EUR 38,650,373.00
Other tangible assets / fixtures and
fittings EUR 5,625,444.00
Advance payments made / construction
in progress EUR 6,453,569.61
Financial assets EUR 7,105.26
Shares in participations /
subsidiaries and the like EUR 7,105.26
Shares in related companies EUR 7,105.26
Current assets EUR 166,234,572.34
Stocks EUR 107,540,461.54
Raw materials, consumables and
supplies EUR 16,175,689.68
Finished goods / work in progress EUR
91,364,771.86
Accounts receivable EUR 55,057,893.36
thereof total due from shareholders EUR
34,574,000.00
Trade debtors EUR 5,713,691.32
Amounts due from related companies EUR
35,865,717.30
Other debtors and assets EUR 13,478,484.74
Liquid means EUR 3,636,217.44
Remaining other assets EUR 1,490,187.20
Accruals (assets) EUR 1,490,187.20
LIABILITIES EUR 241,844,218.54
Shareholders' equity EUR 125,891,069.78
Capital EUR 38,349,000.00
Subscribed capital (share capital) EUR
38,349,000.00
Reserves EUR 79,000,000.00
Capital reserves EUR 79,000,000.00
Balance sheet profit/loss (+/-) EUR 8,542,069.78
Balance sheet profit / loss EUR 8,542,069.78
Provisions EUR 8,036,355.56
Provisions for taxes EUR 239,585.15
Other / unspecified provisions EUR 7,796,770.41
Liabilities EUR 107,916,793.20
Financial debts EUR 79,641,799.28
Liabilities due to banks EUR 79,641,799.28
Other liabilities EUR 28,274,993.92
Trade creditors (for IAS incl. bills
of exchange) EUR 17,476,073.57
Liabilities from received advance
payments EUR 2,533,812.80
Liabililties due to related
companiesEUR 4,421,093.74
Unspecified other liabilities EUR 3,844,013.81
thereof liabilities from tax /
financial authorities EUR 2,144,511.60
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 972,380,138.92
Inventory change + own costs (+/-) EUR
10,739,816.06
Inventory change (+/-) EUR 10,620,599.31
Capitalised own costs EUR 119,216.75
Other operating income EUR 22,680,749.29
Cost of materials EUR 868,994,120.00
Raw materials and supplies, purchased
goods EUR 863,063,991.40
Purchased services EUR 5,930,128.60
Gross result (+/-) EUR 136,806,584.27
Staff expenses EUR 55,772,787.41
Wages and salaries EUR 46,731,606.25
Social security contributions and
expenses for pension plans and
benefits EUR 9,041,181.16
Total depreciation EUR 15,300,754.96
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 15,300,754.96
Other operating expenses EUR 55,601,866.11
Operating result from continuing
operations EUR 10,131,175.79
Interest result (+/-) EUR -1,651,807.86
Interest and similar income EUR 2,234,017.50
thereof from related companies EUR 2,142,773.40
Interest and similar expenses EUR 3,885,825.36
Other financial result EUR -38,665.77
Depreciation on financial assets and
marketable securities EUR 38,665.77
Financial result (+/-) EUR -1,690,473.63
Result from ordinary operations (+/-) EUR
8,440,702.16
Expenses for transfer of profits to a
parent company EUR 8,019,972.00
Income tax / refund of income tax
(+/-)EUR -159,334.01
Other taxes / refund of taxes EUR -261,396.15
Tax (+/-) EUR -420,730.16
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.95 |
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|
1 |
INR 91.87 |
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Euro |
1 |
INR 80.27 |
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EUR |
1 |
INR 79.95 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.