MIRA INFORM REPORT

 

 

Report Date :

20.03.2008

 

 

IDENTIFICATION DETAILS

 

Name :

ROBERT KLINGEL GMBH + CO. KG

 

 

Registered Office :

Sachsenstr. 23 75177 Pforzheim

 

 

Country :

Germany

 

 

Date of Incorporation :

01.01.1896

 

 

Com. Reg. No.:

HRA 500185

 

 

Legal Form :

Limited Partnership With Private Limited Company as General Partner

 

 

Line of Business :

Retail Sale Via Mail Order Houses

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

 

 

 

name & address

 

Robert Klingel GmbH + Co. KG

Sachsenstr. 23

75177 Pforzheim

Telephone: 07231/90-0

Telefax:   07231/305670

Homepage:  www.klingel.de

E-Mail:    service@klingel.de

 

 

VAT no.

 

 DE144174669

 

 

SOLVENCY RATING

 

 1,0

 

 

CONCLUSION

 

Business relations are permissible.

 

 

LEGAL FORM          

 

Ltd partnership with priv. ltd. Company as General partner

 

 

Date of foundation

 

01.01.1896

 

 

Registered on

 

 01.10.1960

 

 

Register of companies

 

Local court 68159 MANNHEIM

under:               HRA 500185

 

 

 

Total cap. Contribution

 

 EUR         25.758.884,97

 

 

General Partner

 

Wolfgang G. Panteleit

Marienburger Str. 5

75196 Remchingen

born 18.10.1946

Occupation: Businessman

Marital status: married

 

General Partner:

Robert Klingel Verwaltungs-GmbH

Seestr. 10

CH 09326 Horn

Legal form: Private limited company

 

 

Limited Partner

 

Joachim Kohm

Am Nagoldhang 15

75173 Pforzheim

born 26.07.1949

Share:   EUR     12.879.442,49

 

Limited Partner:

Andreas Kohm

Am Nagoldhang 17

75173 Pforzheim

born 28.03.1952

Share:  EUR  12.879.442,49

 

 

Proxy

 

Dr. Natalie Balla

90762 Fürth

authorized to jointly represent the company

born 30.11.1967

Nation.: Swiss

 

Proxy:

Gerhard Schönegge

Adam-Riese-Str. 7

75175 Pforzheim

authorized to jointly represent the company

 

 

 

Proxy:

Andre Stößer

Falkenstr. 26

75223 Niefern-Öschelbronn

authorized to jointly represent the company

Occupation: Businessman

Marital status: single

 

Proxy:

Kerstin Ledermann

75173 Pforzheim

authorized to jointly represent the company

born 10.10.1969

 

 

Further functions/participations of Wolfgang G. Panteleit (General Partner)

 

 Shareholder:

Babista GmbH

Am Storrenacker 18

76139 Karlsruhe

Legal form: Private limited company

Share capital:     EUR             25.000,00

Share:             EUR             25.000,00

Reg. Data:  27.12.2002

HRB 110121

68159 MANNHEIM

 

Shareholder:

Klingel Trading GmbH

Sachsenstr. 23

75177 Pforzheim

Legal form: Private limited company

Share capital:     EUR             27.000,00

Share:             EUR              9.000,00

Reg. Data:  13.07.2005

HRB 505841

68159 MANNHEIM

Employees:                                10

 

Manager:

Kosmetikversand GmbH

Am Storrenacker 18

76139 Karlsruhe

Legal form: Private limited company

Share capital:     EUR             26.000,00

Reg. Data:  15.09.1995

HRB 107241

68159 MANNHEIM

 

Manager:

Robert Klingel Europe GmbH

Sachsenstr. 23

75177 Pforzheim

Legal form: Private limited company

Share capital:     EUR          6.150.000,00

Reg. Data:  06.05.1993

HRB 503413

68159 MANNHEIM

 

Manager:

Wellsana GmbH

Sachsenstr. 23

75177 Pforzheim

Legal form: Private limited company

Share capital:     EUR             52.000,00

Reg. Data:  27.11.1972

HRB 500400

68159 MANNHEIM

 

Manager:

Cornelia Versand GmbH

Sachsenstr. 23

75177 Pforzheim

Legal form: Private limited company

Share capital:     EUR          2.600.000,00

Reg. Data:  04.07.1974

HRB 500526

68159 MANNHEIM

 

Manager:

Beyeler GmbH

Sachsenstr. 23

75177 Pforzheim

Legal form: Private limited company

Share capital:     EUR             26.000,00

Reg. Data:  22.02.1994

HRB 503547

68159 MANNHEIM

 

Manager:

VAMOS GmbH

Sachsenstr. 23

75177 Pforzheim

Legal form: Private limited company

Share capital:     EUR             26.000,00

Reg. Data:  10.08.1989

HRB 502600

68159 MANNHEIM

 

Manager:

MONA GmbH

Sachsenstr. 23

75177 Pforzheim

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  16.11.2001

HRB 505177

68159 MANNHEIM

 

 

 

 

Manager:

Wenz GmbH

Sachsenstr. 23

75177 Pforzheim

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  19.11.2001

HRB 505179

68159 MANNHEIM

 

Manager:

Babista GmbH

Am Storrenacker 18

76139 Karlsruhe

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  27.12.2002

HRB 110121

68159 MANNHEIM

 

Manager:

VAMOS GmbH

Am Storrenacker 18

76139 Karlsruhe

Legal form: Private limited company

Share capital:     EUR             26.000,00

Reg. Data:  16.12.2002

HRB 10112

68159 MANNHEIM

 

Manager:

Peter Meyer GmbH

Weiherstr. 19

95448 Bayreuth

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  07.09.2004

HRB 4016

95444 BAYREUTH

 

Manager:

Klingel Trading GmbH

Sachsenstr. 23

75177 Pforzheim

Legal form: Private limited company

Share capital:     EUR             27.000,00

Reg. Data:  13.07.2005

HRB 505841

68159 MANNHEIM

 

Manager:

Küchenzauber GmbH

Sachsenstr. 23

75177 Pforzheim

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  07.08.2007

HRB 702761

  68159 MANNHEIM

 

 

 BUSINESS HISTORY

 

 01.01.1896           Robert Klingel

                      Sachsenstr. 23

                      75177 Pforzheim

                      Unregistered commercial enterprise

 01.01.1925           Robert Klingel oHG

                      Sachsenstr. 23

                      75177 Pforzheim

                      General Partnership

 01.10.1960           Robert Klingel GmbH + Co.

                      Sachsenstr. 23

                      75177 Pforzheim

                      Ltd partnership with priv. ltd. Company as

                      General partner

 

 

BUSINESS ACTIVITIES

 

 5261

 RETAIL SALE VIA MAIL ORDER HOUSES

 

 

BRANCHES AND FACTORIES

 

 Works:

                      Robert Klingel GmbH & Co. KG "Sparparadies"

                      Im Altgefäll 11

                      75181 Pforzheim

 Works:

                      Robert Klingel GmbH & Co. KG "Lager +

                      Versand"

                      Im Altgefäll 11

                      75181 Pforzheim

 Works:

                      Robert Klingel GmbH & Co. KG "Gold-Depot"

                      Wilhelm-Becker-Str. 11

                      75179 Pforzheim

 Works:

                      Robert Klingel GmbH & Co. KG "Einkaufsland"

                      Wilhelm-Becker-Str. 11

                      75179 Pforzheim

 Branch:

                      Robert Klingel GmbH & Co. KG "Netto-

                      Modediscounter"

                      Post Box: 1150

                      75177 Pforzheim

 Branch:

                      Robert Klingel GmbH & Co. KG

                      Dennigstr. 5

                      75179 Pforzheim

 Branch:

                      Robert Klingel GmbH & Co. KG " Mona

                      Versand"

                      Am Storrenacker 18

                      76139 Karlsruhe

 Branch:

                      Robert Klingel GmbH + Co. KG - Klingel

                      Verwaltung -

                      Blücherstr. 32

                      75177 Pforzheim

 

 

PARTICIPATION

 

Shareholder:

Robert Klingel Europe GmbH

Sachsenstr. 23

75177 Pforzheim

Legal form: Private limited company

Share capital:     EUR          6.150.000,00

Share:             EUR          6.150.000,00

Reg. Data:  06.05.1993

HRB 503413

68159 MANNHEIM

Control and profit transfer agreement

 

Shareholder:

Cornelia Versand GmbH

Sachsenstr. 23

75177 Pforzheim

Legal form: Private limited company

Share capital:     EUR          2.600.000,00

Share:             EUR          2.600.000,00

Reg. Data:  04.07.1974

HRB 500526

68159 MANNHEIM

Profit transfer agreement

 

Shareholder:

Weißbach Strumpffabrik GmbH

Hochofenstr. 5

58135 Hagen

Legal form: Private limited company

Share capital:     EUR            511.300,00

Share:             EUR            511.300,00

Reg. Data:  14.03.1980

HRB 1226

58097 HAGEN

Employees:                                15

 

Shareholder:

Wenz GmbH

Sachsenstr. 23

75177 Pforzheim

Legal form: Private limited company

Share capital:     EUR             25.000,00

Share:             EUR             25.000,00

Reg. Data:  19.11.2001

HRB 505179

68159 MANNHEIM

Control and profit transfer agreement

 

Shareholder:

Peter Meyer GmbH

Weiherstr. 19

95448 Bayreuth

Legal form: Private limited company

Share capital:     EUR             25.000,00

Share:             EUR             25.000,00

Reg. Data:  07.09.2004

HRB 4016

95444 BAYREUTH

Employees:                                30

Control and profit transfer agreement

 

Shareholder:

Küchenzauber GmbH

Sachsenstr. 23

75177 Pforzheim

Legal form: Private limited company

Share capital:     EUR             25.000,00

Share:             EUR             25.000,00

Reg. Data:  07.08.2007

HRB 702761

68159 MANNHEIM

Control and profit transfer agreement

 

 

FINANCIAL INFORMATION

 

 Solvency rating:      1,0

Payment experience:  cash discount/within agreed terms

Trend of business:   in expansion

 Order position:      very good

 

 

REAL ESTATE

 

 Type of ownership:   leaseholder

 Address              Sachsenstr. 23

                           75177 Pforzheim

 

 Type of ownership:   proprietor

 Share:                100,00 %

 Address              Im Altgefäll 11

                            75181 Pforzheim

 Type of real estate: Commercial building

 Value at selling price:                 EUR         30.678.000,00

 

 Type of ownership:   proprietor

 Share:                100,00 %

 Address              Dennigstr. 5

                         75179 Pforzheim

 Value at selling price:                 EUR         10.226.000,00

 

 Land register documents were not available.

 

 

BANKERS

 

BADEN-WÜRTTEMBERGISCHE BANK, PFORZHEIM

 Sort. code: 66620020

 SPARKASSE PFORZHEIM CALW, PFORZHEIM

 Sort. code: 66650085

 LANDESBANK BADEN-WÜRTTEMBERG, STUTTGART

 Sort. code: 60050000

 DRESDNER BANK, PFORZHEIM

 Sort. code: 66680013

 DEUTSCHE BANK, PFORZHEIM

 Sort. code: 66670006

 COMMERZBANK, PFORZHEIM

 Sort. code: 66640035

 

FIGURES

 

Financial year:      01.02. - 31.01.

 Turnover:                      2005/2006                     EUR      1.000.000.000,00

                                    2006/2007                     EUR      1.000.000.000,00

                                    2007/2008                     EUR      1.000.500.000,00

 Total cap. contribution:                                      EUR         25.758.884,97

 Value of stocks:                                               EUR         77.000.000,00

 Equipment:                                                       EUR         25.500.000,00

 Ac/ts receivable:                                                           EUR         94.000.000,00

 Liabilities:                                                         EUR         70.000.000,00

 Real estate of the firm:                                      EUR         41.000.000,00

 Employees:                        2.300

 

 

 Approximate figures are given.

 

 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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 and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions