MIRA INFORM REPORT
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Report Date : |
25.01.2012 |
IDENTIFICATION DETAILS
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Name : |
TAKKO HOLDING GMBH |
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Registered Office : |
Alfred-Krupp-Strasse 21, Telgte, 48291 |
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Country : |
Germany |
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Financials (as on) : |
30.04.2010 |
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Date of Incorporation : |
01.12.1999 |
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Com. Reg. No.: |
8939 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
Subject is engaged in activities of managing holding
companies primarily engaged in holding the securities of (or other equity
interests in) companies and enterprises for the purpose of owning a
controlling interest or influencing management decisions |
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No. of Employees
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10821 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Takko Holding GmbH
Alfred-Krupp-Strasse 21
Telgte, 48291
Germany
Tel: 49 (2504) 92-30
Fax: 49 (2504) 92-32 77
Web: www.takko.de
Synthesis
Employees: 10,821
Company Type: Private Parent
Corporate Family: 2
Companies
Incorporation Date:
01-Dec-1999
Financials in: USD
(Millions)
Fiscal Year End:
30-Apr-2010
Reporting Currency: Euro
Annual Sales: 941.5
Total Assets: 763.6
Business Description
TAKKO Holding GmbH is primarily engaged in activities of managing holding companies primarily engaged in holding the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing management decisions. This class also includes: activities of head offices, centralised administrative offices and the like that administer, oversee and manage other units of the company or enterprise and that normally undertake the strategic or organisational planning and decision-making role of the company or enterprise.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 3712 - Clothing
and Footwear Wholesaling
NACE 2002: 5142 - Wholesale
of clothing and footwear
NAICS 2002: 424330 - Women's,
Children's, and Infants' Clothing and Accessories Merchant Wholesalers
UK SIC 2003: 5142 - Wholesale
of clothing and footwear
US SIC 1987: 5137 - Women's,
Children's, and Infants' Clothing and Accessories
Key Executives
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Name |
Title |
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Erika Tertilt |
Managing director |
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Andreas Kromer |
Manager |
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Alexander Mattschull |
Manager |
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Hildegard Drees |
Executive |
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Thomas Julius |
Executive |
Registered No.(DEU): 8939
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7075491
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7520776
Corporate Overview
Location
Alfred-Krupp-Strasse 21
Telgte, 48291
Germany
Tel: 49 (2504) 92-30
Fax: 49 (2504) 92-32 77
Web: www.takko.de
Sales EUR(mil): 666.2
Assets EUR(mil): 574.3
Employees: 10,821
Fiscal Year End: 30-Apr-2010
Industry: Apparel and Accessories
Incorporation Date: 01-Dec-1999
Company Type: Private Parent
Quoted Status: Not Quoted
Registered No.(DEU): 8939
Manager: Andreas Kromer
Contents
· Industry Codes
· Business Description
· Financial Data
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3712 - Clothing and Footwear Wholesaling
4259 - Other Personal Accessory Retailing
NACE 2002 Codes:
5142 - Wholesale of clothing and footwear
5242 - Retail sale of clothing
NAICS 2002 Codes:
448190 - Other Clothing Stores
424330 - Women's, Children's, and Infants' Clothing and Accessories
Merchant Wholesalers
424320 - Men's and Boys' Clothing and Furnishings Merchant
Wholesalers
US SIC 1987:
5136 - Men's and Boy's Clothing and Furnishings
5137 - Women's, Children's, and Infants' Clothing and Accessories
5699 - Miscellaneous Apparel and Accessory Stores
UK SIC 2003:
5242 - Retail sale of clothing
5142 - Wholesale of clothing and footwear
Business
Description
Retail trade in textile goods
More Business
Descriptions
TAKKO Holding GmbH
is primarily engaged in activities of managing holding companies primarily
engaged in holding the securities of (or other equity interests in) companies
and enterprises for the purpose of owning a controlling interest or influencing
management decisions. This class also includes: activities of head offices,
centralised administrative offices and the like that administer, oversee and
manage other units of the company or enterprise and that normally undertake the
strategic or organisational planning and decision-making role of the company or
enterprise.
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Corporate
Family |
Corporate
Structure News: |
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Takko Holding
GmbH |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Takko Holding GmbH |
Parent |
Telgte |
Germany |
Apparel and Accessories |
941.5 |
10,821 |
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Takko Fashion Kereskedelmies Szolgaltato
Kft |
Subsidiary |
Budaors |
Hungary |
Retail (Apparel) |
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Executive report
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Executives |
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Managing director |
Managing Director |
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Manager |
Administration Executive |
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Manager |
Administration Executive |
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Manager |
Administration Executive |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Annual Profit & Loss
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30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.707549 |
0.717707 |
0.698503 |
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Consolidated |
No |
No |
No |
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Total income |
941.5 |
820.8 |
765.2 |
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Raw materials and services |
434.2 |
356.3 |
346.8 |
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Net sales |
941.5 |
820.8 |
765.2 |
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Other operating income |
20.3 |
22.2 |
108.9 |
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Raw materials and consumables employed |
434.2 |
356.3 |
346.8 |
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Cost of goods sold |
434.2 |
356.3 |
346.8 |
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Cost of raw materials |
434.2 |
356.3 |
346.8 |
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Taxes and social security costs |
25.6 |
31.2 |
22.0 |
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Total payroll costs |
154.0 |
147.0 |
124.6 |
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Cost of stock depreciation and amortisation |
- |
4.8 |
4.6 |
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Fixed asset depreciation and amortisation |
57.7 |
57.4 |
59.1 |
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Other operating costs |
543.2 |
500.9 |
498.9 |
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Net operating income |
44.3 |
29.4 |
91.9 |
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Other income |
5.8 |
12.7 |
7.8 |
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Interest payable on loans |
35.3 |
53.8 |
72.6 |
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Total expenses |
29.5 |
41.1 |
64.0 |
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Profit before tax |
14.8 |
-11.7 |
27.9 |
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Provisions |
52.5 |
42.0 |
26.3 |
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Other taxes |
0.2 |
0.2 |
0.2 |
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Total taxation |
6.4 |
8.5 |
-3.2 |
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Net profit |
8.3 |
- |
30.9 |
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Net loss |
- |
-20.4 |
- |
Annual Balance Sheet
Financials in: USD (mil)
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|
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.752078 |
0.75466 |
0.642302 |
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Consolidated |
No |
No |
No |
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Issued capital |
19.4 |
19.3 |
22.7 |
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Capital reserves |
428.4 |
426.9 |
426.5 |
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Special reserves |
8.3 |
8.3 |
9.7 |
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Total reserves |
8.3 |
8.3 |
9.7 |
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Profits for the year |
-392.3 |
-398.7 |
-12.2 |
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Total stockholders equity |
63.8 |
55.8 |
446.7 |
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Deferred taxation |
11.1 |
7.3 |
0.0 |
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Other provisions |
31.1 |
27.0 |
22.4 |
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Provision for pensions |
2.7 |
2.8 |
3.3 |
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Provisions and allowances |
49.3 |
39.9 |
28.6 |
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Other debentures |
514.2 |
522.2 |
370.6 |
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Owing to group/associated companies |
- |
50.5 |
- |
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Total long-term liabilities |
514.2 |
572.7 |
370.6 |
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Trade creditors |
108.1 |
98.4 |
32.4 |
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Other loans |
6.1 |
4.9 |
4.2 |
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Taxation and social security |
10.4 |
14.7 |
5.6 |
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Due to group companies |
11.3 |
0.0 |
71.3 |
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Total current liabilities |
136.0 |
118.1 |
113.5 |
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Regularisation account |
0.3 |
0.1 |
0.1 |
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Total liabilities (including net worth) |
763.6 |
786.6 |
959.5 |
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Patents |
82.9 |
83.8 |
95.4 |
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Goodwill |
310.3 |
343.6 |
444.0 |
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Intangibles |
394.6 |
427.3 |
539.4 |
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Land and buildings |
22.3 |
23.1 |
27.4 |
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Fixtures and equipment |
22.3 |
23.1 |
27.4 |
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Fixed assets under construction |
4.8 |
1.7 |
4.3 |
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Total tangible fixed assets |
70.9 |
61.7 |
77.3 |
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Shares held in associated companies |
5.7 |
1.1 |
0.6 |
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Participating interest |
0.1 |
0.1 |
0.2 |
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Total financial assets |
61.5 |
79.4 |
19.8 |
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Loans to associated companies |
55.7 |
78.2 |
19.1 |
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Total non-current assets |
527.1 |
568.5 |
636.5 |
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Raw materials |
0.6 |
0.7 |
1.3 |
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Finished goods |
84.3 |
87.9 |
87.9 |
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Net stocks and work in progress |
84.9 |
88.6 |
89.3 |
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Trade debtors |
0.9 |
0.9 |
2.9 |
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Other receivables |
14.9 |
6.4 |
8.3 |
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Total receivables |
62.2 |
68.6 |
177.8 |
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Owing from associated companies |
46.4 |
61.3 |
166.6 |
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Cash and liquid assets |
78.7 |
51.8 |
45.4 |
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Short-term investments |
8.3 |
8.3 |
9.7 |
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Other current assets |
8.3 |
8.3 |
9.7 |
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Total current assets |
234.1 |
217.2 |
322.2 |
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Prepaid expenses and deferred costs |
2.5 |
1.0 |
0.8 |
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Total assets |
763.6 |
786.6 |
959.5 |
Annual Ratios
Financials in: USD (mil)
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|
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.752078 |
0.75466 |
0.642302 |
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Consolidated |
No |
No |
No |
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Current ratio |
17.22 |
18.40 |
28.39 |
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Acid test ratio |
10.97 |
10.90 |
20.52 |
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Total liabilities to net worth |
1.02% |
1.24% |
0.11% |
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Net worth to total assets |
0.01% |
0.01% |
0.05% |
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Current liabilities to net worth |
0.21% |
0.21% |
0.03% |
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Current liabilities to stock |
0.16% |
0.13% |
0.13% |
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Fixed assets to net worth |
0.83% |
1.02% |
0.14% |
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Collection period |
4.00 |
4.00 |
11.00 |
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Stock turnover rate |
0.96 |
1.13 |
1.07 |
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Profit margin |
0.00% |
0.00% |
0.00% |
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Return on assets |
0.01% |
0.00% |
0.01% |
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Shareholders' return |
0.01% |
-0.03% |
0.01% |
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Sales per employee |
22.95 |
20.38 |
22.29 |
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Profit per employee |
0.20 |
-0.51 |
0.90 |
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Average wage per employee |
3.75 |
3.65 |
3.63 |
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Net worth |
63.8 |
55.8 |
446.7 |
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Number of employees |
2,903 |
2,891 |
2,398 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.97 |
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UK Pound |
1 |
Rs.77.74 |
|
Euro |
1 |
Rs.65.09 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.