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MIRA INFORM REPORT
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Report No. : |
511062 |
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Report Date : |
24.05.2018 |
IDENTIFICATION DETAILS
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Name : |
K+S KALI GMBH |
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Registered Office : |
Bertha-von-Suttner-Str. 7, D 34131 Kassel |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
24.02.1997 |
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Com. Reg. No.: |
HRB 7452 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Mining of chemical and fertilizer chemicals · Non-specialized wholesale of raw materials and half-finished and finished goods |
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No. of Employees : |
8,188 |
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 : |
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
K+S KALI GMBH
Company Status: active
Bertha-von-Suttner-Str. 7
D 34131 Kassel
Telephone:0561/93010
Telefax: 0561/93011753
Homepage: www.kali-gmbh.com
E-mail: info@kali-gmbh.com
VAT no.: DE217311877
LEGAL FORM Private Limited Company
Date of foundation: 24.02.1997
Begin of business
activities: 24.02.1997
Shareholders'
agreement: 24.02.1997
Registered on: 12.02.2001
Commercial Register: Local court 34117 Kassel
under: HRB 7452
Share capital: EUR 121,000,000.00
Shareholder:
K+S Aktiengesellschaft
Bertha-von-Suttner-Str. 7
D 34131 Kassel
Post Box:
10 20 29
Legal form: Public limited company
Share capital: EUR 191,400,000.00
Share: EUR 121,000,000.00
Registered on: 27.08.1971
Reg. data: 34117 Kassel, HRB 2669
Control and profit transfer agreement
Manager:
Alexa Hergenröther
D 37215 Witzenhausen
born: 19.05.1970
Manager:
Dr. Rainer Gerling
D 31655 Stadthagen
born: 23.11.1958
President of the Supervisory Board:
Dr. Burkhard Lohr
D 45721 Haltern am See
born: 19.02.1963
Profession: Fully qualified merchant
Marital status: married
Vice-president of the Supervisory Board:
Friedrich Nothhelfer
D 34117 Kassel
Marital status: unknown
Member of the Supervisory Board:
Prof. Dr. Dieter Thomaschewski
D 67157 Wachenheim
Profession: Fully qualified merchant
Member of the Supervisory Board:
Wilfried Franke
D 36266 Heringen
Profession: Painter
Member of the Supervisory Board:
Dr. Thomas Nöcker
D 34125 Kassel
born: 1958
Profession: Lawyer
Marital status: unknown
Member of the Supervisory Board:
Christoph Wehner
D 31195 Lamspringe
born: 07.04.1964
Profession: Fully qualified management
expert
Member of the Supervisory Board:
Annegret Brandes
D 31556 Wölpinghausen
Marital status: unknown
Member of the Supervisory Board:
Frank Faulhaber
D 30159 Hannover
Marital status: unknown
Member of the Supervisory Board:
Joachim Felker
D 34117 Kassel
Profession: Fully qualified merchant
Marital status: unknown
Member of the Supervisory Board:
Andreas Voigt
D 39326 Zielitz
Profession: Electrical fitter
Marital status: unknown
Member of the Supervisory Board:
Thorsten Boeckers
D 34131 Kassel
born: 06.05.1975
Marital status: unknown
Member of the Supervisory Board:
Laurens Mulder
D 34117 Kassel
Marital status: unknown
Proxy:
Michael Götz
D 34117 Kassel
authorized to jointly represent the company
born: 31.01.1973
Proxy:
Jörg Hans Bettenhausen
Kastanienstr. 4
D 34266 Niestetal
authorized to jointly represent the company
born: 06.10.1964
Profession: Fully qualified Economist
Proxy:
Matthias Jüttner
Am Kirschrain 12
D 34128 Kassel
authorized to jointly represent the company
born: 16.03.1962
Proxy:
Andrea Meergans
Trottstr. 4
D 34119 Kassel
authorized to jointly represent the company
born: 07.05.1965
Proxy:
Dr. Stefan Dressel
D 34131 Kassel
authorized to jointly represent the company
Proxy:
Nico Schappert
D 34292 Ahnatal
authorized to jointly represent the company
born: 01.12.1973
Further functions/participations of Alexa Hergenröther (Manager)
Member of the Supervisory Board:
SMA Solar Technology AG
Sonnenallee 1
D 34266 Niestetal
Legal form: Public limited company
Share capital: EUR 34,700,000.00
Registered
on: 24.09.2004
Reg. data: 34117 Kassel, HRB 3972
COMPANY
HISTORY
company name and legal form
2002 - 24.11.2017 K + S Kali GmbH
Bertha-von-Suttner-Str. 7
D 34131 Kassel
Private limited company
19.10.2001 - 2001 K + S Kali GmbH
Friedrich-Ebert-Str. 160
D 34119 Kassel
Private limited company
12.02.2001 - 18.10.2001 Torf- und Humuswerk Raubling GmbH
Friedrich-Ebert-Str. 160
D 34119 Kassel
Private limited company
06.07.1999 - 11.02.2001 Torf- und Humuswerk Raubling GmbH (HRB
5513)
Gildenstr. 38
D 48157 Münster
Private limited company
24.03.1997 - 05.07.1999 Dritte BASF Erwerbsgesellschaft mbH (HRB
4142)
Carl-Bosch-Str. 38
D 67063 Ludwigshafen
Private limited company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
08.02.2017 - 31.12.2017 Member of the Supervisory Board
Dr. Otto Lose
Forststr. 32
D 65193 Wiesbaden
06.08.2015 - 30.06.2017 President of the Supervisory Board
Norbert Steiner
D 34225 Baunatal
05.11.2014 - 08.12.2016 Manager
Dr. Ralph Jäger
D 34131 Kassel
10.02.2015 - 07.07.2016 Member of the Supervisory Board
Dr. Andreas Radmacher
D 45127 Essen
23.01.2007 - 14.01.2016 Manager
Ralf Diekmann
Georg-Büchner-Str. 1
D 31515 Wunstorf
BUSINESS
ACTIVITIES
Main industrial sector
08910 Mining of chemical and fertilizer chemicals
46902 Non-specialized wholesale of raw materials and half-finished and finished goods
BRANCHES
AND FACTORIES
Works:
K+S KALI GmbH
Am Kaliwerk 6
D 36119 Neuhof
TEL.: 06655/810
FAX.: 06655/811009
Works:
K+S KALI GmbH
Zufahrtstr. 1
D 36460 Krayenberggemeinde
TEL.: 03695/614101
FAX.: 03695/612472
Branch:
K+S KALI GmbH
Tienberg 25
D 31515 Wunstorf
TEL.: 05031/104-1
FAX.: 05031/104-2407
Branch:
K+S KALI GmbH
Farsleber Str. 1
D 39326 Zielitz
TEL.: 039208/40
FAX.: 039208/42207
Branch:
K+S KALI GmbH
Schachtstr.
D 36414 Unterbreizbach
Branch:
K+S KALI GmbH
Hattorfer Str.
D 36269 Philippsthal
TEL.: 06620/79-0
Branch:
K+S KALI GmbH
Glückauf Str. 56
D 31319 Sehnde
TEL.: 05138/60840
Branch:
K+S KALI GmbH
In der Aue 1
D 36266 Heringen
TEL.: 06624/810
FAX.: 06624/3011702
PARTICIPATIONS
Shareholder:
Kali-Union Verwaltungsgesellschaft mbH
Bertha-von-Suttner-Str. 7
D 34131 Kassel
Legal form: Private limited company
Company Status: active
Share capital: EUR 800,000.00
Share: EUR 800,000.00
Reg. data: 20.01.1977
Local court 34117 Kassel
HRB 3027
Shareholder:
K+S An-Instituts Verwaltungsgesellschaft mbH
Bertha-von-Suttner-Str. 7
D 34131 Kassel
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 13.08.2003
Local court 34117 Kassel
HRB 13323
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2015
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 Bertha-von-Suttner-Str. 7
D 34131 Kassel
Land register documents were not available.
BANKERS
Principal bank
DEUTSCHE BANK, 34117 KASSEL
Sort. code: 52070012, Account no.: 25152000
BIC: DEUTDEFF520, IBAN: DE84520700120025152000
FINANCIAL
FIGURES
Turnover: 2016 *EUR 2,200,000,000.00
Equipment: *EUR 49,128,000.00
Ac/ts
receivable:
EUR 740,355,000.00
Liabilities: EUR 662,894,000.00
Employees:
8,188
Control and profit transfer agreement to:
K+S Aktiengesellschaft
Bertha-von-Suttner-Str. 7
D 34131 Kassel
Post Box:
10 20 29
The business figures marked with an asterisk are estimates based
on average values in the line of business.
BALANCE
SHEETS
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 44.75
Liquidity ratio: 3.64
Return on total capital [%]: 29.41
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: self-disclosure
Financial
year: 01.01.2015 - 31.12.2015
ASSETS EUR 1,905,026,000.00
Fixed assets EUR 799,019,000.00
Intangible assets EUR 857,000.00
Tangible assets EUR 782,905,000.00
Financial assets EUR 15,257,000.00
Current assets EUR 1,074,571,000.00
Stocks EUR 332,084,000.00
Accounts receivable EUR 740,355,000.00
thereof total due from shareholders EUR
187,114,000.00
Liquid means EUR 2,132,000.00
Remaining other assets EUR 31,436,000.00
Accruals (assets) EUR 1,934,000.00
Special loss account for provision EUR
27,734,000.00
Active difference from asset
offsetting EUR 1,768,000.00
LIABILITIES EUR 1,905,026,000.00
Shareholders' equity EUR 447,083,000.00
Capital EUR 121,000,000.00
Subscribed capital (share capital) EUR
121,000,000.00
Reserves EUR 326,082,000.00
Capital reserves EUR 262,760,000.00
Retained earnings / revenue reserves
EUR 63,322,000.00
Balance sheet profit/loss (+/-) EUR 1,000.00
Profit / loss brought forward EUR 1,000.00
Provisions
EUR 793,997,000.00
Pension provisions and comparable
provisions EUR 2,029,000.00
Other / unspecified provisions EUR 791,968,000.00
Liabilities EUR
662,894,000.00
thereof total due to shareholders EUR
508,953,000.00
Other liabilities EUR 1,052,000.00
Deferrals (liabilities) EUR 1,052,000.00
PROFIT
AND LOSS ACCOUNT (cost of sales method) according to Comm.
Code
(HGB)
Sales EUR 2,171,300,000.00
Manufacturing costs EUR 1,056,147,000.00
Gross result on sales EUR 1,115,153,000.00
Distribution costs EUR 393,430,000.00
General administration expenses EUR 27,364,000.00
Research and development costs EUR 9,499,000.00
Depreciation (not included in
manufacturing costs) EUR 191,000.00
Other operating income EUR 88,986,000.00
Other operating expenses EUR 158,505,000.00
Operating result from continuing
operations EUR 615,150,000.00
Result from participating interests
(+/-) EUR 6,811,000.00
Expenses / income from participations
EUR 6,811,000.00
Income from related companies EUR 6,811,000.00
Interest result (+/-) EUR -116,807,000.00
Interest and similar income EUR 1,116,000.00
Interest and similar expenses EUR 117,923,000.00
Financial result (+/-) EUR -109,996,000.00
Result from ordinary operations (+/-) EUR
505,154,000.00
Expenses for transfer of profits to a
parent company EUR 505,114,000.00
Income tax / refund of income tax
(+/-)EUR -40,000.00
Tax (+/-) EUR -40,000.00
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 68.21 |
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|
1 |
INR 91.43 |
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Euro |
1 |
INR 80.24 |
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EUR |
1 |
INR 80.04 |
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 |
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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.