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MIRA INFORM REPORT
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Report No. : |
512196 |
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Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
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Name : |
FKUR KUNSTSTOFF GMBH |
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Registered Office : |
Siemensring 79, D 47877 Willich |
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Country : |
Germany |
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Financials (as on) : |
30.06.2016 |
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Date of Incorporation : |
15.05.2003 |
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Com. Reg. No.: |
HRB 8935 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture of plastics in primary forms ·
Manufacture of other plastic products ·
Wholesale of other intermediate goods |
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No. of Employees : |
43 |
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 |
Company name & address
FKUR KUNSTSTOFF GMBH
Company Status: active
Siemensring 79
D 47877 Willich
Telephone:02154/9251-0
Telefax:
02154/9251-51
Homepage: www.FKuR.com
E-mail:
info@FKuR.com
VAT
no.: DE813781200
Tax
ID number: 102/5813/0866
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 15.05.2003
Shareholders'
agreement: 15.05.2003
Registered on: 19.08.2003
Commercial Register: Local court 47798 Krefeld
under: HRB 8935
Share capital: EUR 100,000.00
Shareholder:
FKuR Holding GmbH &
Co. KG
Siemensring 79
D 47877 Willich
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Share: EUR 100,000.00
Registered on: 27.06.2014
Reg. data: 47798 Krefeld,
HRA 6376
Manager:
Dr. Edmund Dolfen
Am Rotdorn 13
D 47804 Krefeld
having sole power of
representation
born: 19.04.1941
Profession: Engineer
Marital status: married
Manager:
Carmen Michels
Gänsedistelweg 3
D 47877 Willich
born: 27.03.1967
Profession: graduate
engineer
Manager:
Daniel Peltzer
Riekestr. 16
D 41363 Jüchen
born: 28.02.1973
Proxy:
Patrick Zimmermann
Kronenstr. 18
D 47443 Moers
authorized to jointly
represent the company
born: 02.07.1971
Profession: graduate
engineer
Further functions/participations of Dr. Edmund
Dolfen (Manager)
Shareholder:
FKuR Grundstücks-GmbH
Siemensring 79
D 47877 Willich
Legal form: Private
limited company
Share capital: EUR 50,000.00
Share: EUR 18,000.00
Registered
on: 05.10.2011
Reg. data: 47798 Krefeld, HRB 13647
Shareholder:
Via Innova GmbH
Am Rotdorn 13
D 47804 Krefeld
Legal form: Private
limited company
Share capital: EUR 51,000.00
Share: EUR 12,750.00
Registered
on: 08.01.1992
Reg. data: 47798 Krefeld, HRB 4612
Shareholder:
New Media Publisher GmbH
Hinterfeld 4
D 41564 Kaarst
Legal form: Private
limited company
Share capital: EUR 25,500.00
Share: EUR 8,500.00
Registered
on: 29.04.2003
Reg. data: 41460 Neuss, HRB 12481
Manager:
Via Innova GmbH
Am Rotdorn 13
D 47804 Krefeld
Legal form: Private
limited company
Share capital: EUR 51,000.00
Registered
on: 08.01.1992
Reg. data: 47798 Krefeld, HRB 4612
Manager:
FKuR Grundstücks-GmbH
Siemensring 79
D 47877 Willich
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 05.10.2011
Reg. data: 47798 Krefeld, HRB 13647
Manager:
FKuR
Verwaltungsgesellschaft mit
beschränkter Haftung
Siemensring 79
D 47877 Willich
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 13.06.2014
Reg. data: 47798 Krefeld, HRB 14865
Proxy:
Rentec Beteiligungs- und
Verwaltungs-GmbH
Am Rotdorn 13
D 47804 Krefeld
Legal form: Private
limited company
Share capital: EUR 93,000.00
Registered
on: 09.03.1987
Reg. data: 47798 Krefeld, HRB 3364
Further functions/participations of Carmen
Michels (Manager)
Shareholder:
FKuR Grundstücks-GmbH
Siemensring 79
D 47877 Willich
Legal form: Private
limited company
Share capital: EUR 50,000.00
Share: EUR 6,000.00
Registered
on: 05.10.2011
Reg. data: 47798 Krefeld, HRB 13647
Manager:
FKuR
Verwaltungsgesellschaft mit
beschränkter Haftung
Siemensring 79
D 47877 Willich
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 13.06.2014
Reg. data: 47798 Krefeld, HRB 14865
Proxy:
FKuR Polymers GmbH
Siemensring 79
D 47877 Willich
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 24.03.2015
Reg. data: 47798 Krefeld, HRB 15208
Proxy:
FKuR
Grundstücks-GmbH
Siemensring 79
D 47877 Willich
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 05.10.2011
Reg. data: 47798 Krefeld, HRB 13647
Further functions/participations of Daniel
Peltzer (Manager)
Shareholder:
FKuR Grundstücks-GmbH
Siemensring 79
D 47877 Willich
Legal form: Private
limited company
Share capital: EUR 50,000.00
Share: EUR 4,000.00
Registered
on: 05.10.2011
Reg. data: 47798 Krefeld, HRB 13647
Manager:
FKuR Polymers GmbH
Siemensring 79
D 47877 Willich
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 24.03.2015
Reg. data: 47798 Krefeld, HRB 15208
Proxy:
FKuR Grundstücks-GmbH
Siemensring 79
D 47877 Willich
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 05.10.2011
Reg. data: 47798 Krefeld, HRB 13647
Proxy:
FKuR
Verwaltungsgesellschaft mit
beschränkter Haftung
Siemensring 79
D 47877 Willich
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 13.06.2014
Reg. data: 47798 Krefeld, HRB 14865
BUSINESS ACTIVITIES
Main industrial sector
2016
Manufacture of plastics in primary forms
2229
Manufacture of other plastic products
4676
Wholesale of other intermediate goods
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information :We have no negative
information at hand.
Balance sheet year: 2016/2017
PMI: No significant / relevant
payment experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Events Index: 1
At present, NO events are
known.
The Events Index
indicates if any particular
events have occurred,
such as e.g. a
relocation of registered
office or a change
within management. On the
basis of number,
relevance and
up-to-dateness of the events
an index value ranging
from 1 (no events) to
5 is calculated.
Companies showing a
particularly large number
of events receive
the index 6.
REAL
ESTATE
Type of ownership: Tenant
Address Siemensring 79
D 47877 Willich
Land register documents were not available.
BANKERS
DEUTSCHE BANK, 47707 KREFELD
Sort. code: 32070080
BIC: DEUTDEDD320
FINANCIAL
FIGURES
Turnover: 2015/2016 *EUR 8,000,000.00
2016/2017 *EUR 9,450,000.00
Profit: 2015/2016 EUR 319,505.00
2016/2017 EUR 443,886.00
further business figures:
Equipment: *EUR 252,000.00
Ac/ts receivable: EUR 3,978,596.00
Liabilities: EUR 1,725,263.00
Total numbers of vehicles: 5
Employees:
43
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thereof permanent staff: 28
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Part-time employees: 2
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Temporary workers: 6
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
BALANCE
SHEETS
Balance sheet ratios 01.07.2016 - 30.06.2017
Equity ratio [%]: 60.80
Liquidity ratio: 2.33
Return on total capital [%]: 7.29
Balance sheet ratios 01.07.2015 - 30.06.2016
Equity ratio [%]: 67.43
Liquidity ratio: 2.13
Return on total capital [%]: 6.21
Balance sheet ratios 01.07.2014 - 30.06.2015
Equity ratio [%]: 50.96
Liquidity ratio: 1.53
Return on total capital [%]: 21.96
Balance
sheet ratios 01.07.2013 - 30.06.2014
Equity ratio [%]: 50.80
Liquidity ratio: 1.05
Return on total capital [%]: -16.59
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: 01.07.2016 - 30.06.2017
ASSETS EUR 6,305,120.19
Fixed assets
EUR 462,671.98
Intangible assets
EUR 39,137.00
Tangible assets
EUR 415,865.60
Financial assets
EUR 7,669.38
Current assets
EUR 5,786,747.69
Stocks
EUR 1,707,839.95
Accounts receivable EUR 3,978,596.37
Liquid means
EUR 100,311.37
Remaining other assets
EUR 55,700.52
Accruals (assets)
EUR 55,700.52
LIABILITIES EUR 6,305,120.19
Shareholders' equity
EUR 3,918,222.77
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Balance sheet profit/loss (+/-)
EUR 3,818,222.77
Profit / loss brought forward
EUR 3,374,337.11
Annual surplus / annual deficit
EUR 443,885.66
Provisions
EUR 418,299.00
Liabilities
EUR 1,725,262.98
Other liabilities
EUR 0.00
Unspecified other liabilities
EUR 0.00
thereof liabilities from tax /
financial authorities
EUR 82,790.77
thereof liabilities from social
security
EUR 0.00
Other liabilities
EUR 243,335.44
Deferrals (liabilities) EUR 243,335.44
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.07.2015 - 30.06.2016
ASSETS EUR 5,329,534.63
Fixed assets
EUR 428,644.98
Intangible assets
EUR 42,877.00
Tangible assets
EUR 378,098.60
Financial assets EUR 7,669.38
Current assets
EUR 4,825,891.60
Stocks
EUR 1,760,086.77
Accounts receivable
EUR 3,065,455.17
Liquid means
EUR 349.66
Remaining other assets
EUR 74,998.05
Accruals (assets)
EUR 74,998.05
LIABILITIES EUR 5,329,534.63
Shareholders' equity
EUR 3,654,337.11
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Balance sheet profit/loss (+/-)
EUR 3,554,337.11
Profit / loss brought forward
EUR 3,234,832.10
Annual surplus / annual deficit
EUR 319,505.01
Provisions
EUR 315,644.00
Liabilities
EUR 1,359,553.52
Other liabilities
EUR 0.00
Unspecified other liabilities
EUR 0.00
thereof liabilities from tax /
financial authorities
EUR 59,151.94
thereof liabilities from social
security
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 68.26 |
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|
1 |
INR 91.22 |
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Euro |
1 |
INR 79.88 |
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EUR |
1 |
INR 78.47 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRA |
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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 |
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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.