MIRA INFORM REPORT
|
Report Date : |
17.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
KOENIG LEATHERWEAR GMBH |
|
|
|
|
Registered Office : |
Bierstadter Strasse 1, Wiesbaden, 65189 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
13.11.2001 |
|
|
|
|
Com. Reg. No.: |
12863 |
|
|
|
|
Legal Form : |
Private Subsidiary Company |
|
|
|
|
Line of Business : |
wholesale of
adults' fur and leather clothing |
|
|
|
|
No. of Employees
: |
44 |
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 : |
No Complaints |
|
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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Germany |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Koenig Leatherwear GmbH
Bierstadter Strasse 1
Wiesbaden, 65189
Germany
Tel: +49 (0) 611 33340
Fax: +49 (0) 611 3334444
Synthesis
Employees: 44
Company Type: Private Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: Konig GrundstucksGmbH & Co.KG
Incorporation Date:
13-Nov-2001
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: NA
Total Assets: 11.3
Business Description
Koenig Leatherwear GmbH is primarily engaged in wholesale of adults' fur and leather clothing; wholesale of children's and infants' clothing; wholesale of footwear; and wholesale of clothing not elsewhere classified.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 371 - Textile,
Clothing and Footwear Wholesaling
NACE 2002: 5142 - Wholesale
of clothing and footwear
NAICS 2002: 4243 - Apparel,
Piece Goods, and Notions Merchant Wholesalers
UK SIC 2003: 5142 - Wholesale
of clothing and footwear
US SIC 1987: 5136 - Men's and
Boy's Clothing and Furnishings
Key Executives
Name Title
Florian Koenig Managing
director
Registered No.(DEU): 12863
Corporate Overview
Location
Bierstadter Strasse 1
Wiesbaden, 65189
Germany
Tel: +49 (0) 611 33340
Fax: +49 (0) 611 3334444
Sales EUR(mil): NA
Assets EUR(mil): 8.4
Employees: 44
Fiscal Year End: 31-Dec-2010
Industry: Apparel
and Accessories
Incorporation Date: 13-Nov-2001
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DEU): 12863
Managing director: Florian
Koenig
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3739 - Other Goods Wholesaling Not Elsewhere Classified
371 - Textile, Clothing and Footwear Wholesaling
NACE 2002 Codes:
5147 - Wholesale of other household goods
5142 - Wholesale of clothing and footwear
NAICS 2002 Codes:
4232 - Furniture and Home Furnishing Merchant Wholesalers
4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers
US SIC 1987:
5136 - Men's and Boy's Clothing and Furnishings
5099 - Durable Goods, Not Elsewhere Classified
UK SIC 2003:
5147 - Wholesale of other household goods
5142 - Wholesale of clothing and footwear
Business
Description
Koenig Leatherwear GmbH is primarily engaged in wholesale of adults' fur
and leather clothing; wholesale of children's and infants' clothing; wholesale
of footwear; and wholesale of clothing not elsewhere classified.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
Corporate
Family |
Corporate
Structure News: |
|
|
|
|
Total Corporate Family Members: 2 |
|
|
|
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
KonigGrundstucksGmbH & Co.KG |
Parent |
|
|
|
|
|
|
|
Koenig Leatherwear GmbH |
Subsidiary |
Wiesbaden, Hessen |
Germany |
Apparel and Accessories |
|
40 |
|
Executive report
|
Executives |
|
|
|
|
||||
|
Managing director |
Managing Director |
|
Annual Profit & Loss
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Taxes and social security costs |
0.3 |
0.3 |
0.3 |
|
Total payroll costs |
2.5 |
2.4 |
2.7 |
|
Fixed asset depreciation and amortisation |
0.3 |
0.1 |
0.1 |
|
Other operating costs |
11.5 |
10.2 |
11.1 |
|
Net operating
income |
1.2 |
0.9 |
1.4 |
|
Other income |
0.1 |
0.2 |
0.2 |
|
Interest payable on loans |
0.0 |
0.1 |
0.0 |
|
Total expenses |
-0.1 |
-0.1 |
-0.2 |
|
Profit before tax |
1.3 |
1.0 |
1.6 |
|
Provisions |
1.0 |
1.0 |
1.0 |
|
Other taxes |
- |
- |
0.0 |
|
Total taxation |
0.4 |
0.3 |
0.6 |
|
Net profit |
0.9 |
0.6 |
1.0 |
Annual Balance
Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Issued capital |
2.7 |
2.9 |
2.8 |
|
Capital reserves |
0.8 |
0.9 |
0.9 |
|
Profits for the year |
5.2 |
4.6 |
3.8 |
|
Profit brought forward from previous
year(s) |
4.3 |
3.9 |
2.9 |
|
Total
stockholders equity |
8.7 |
8.4 |
7.4 |
|
Provisions and allowances |
1.0 |
1.0 |
0.9 |
|
Other loans |
0.1 |
0.0 |
2.7 |
|
Taxation and social security |
1.3 |
1.5 |
1.3 |
|
Due to group companies |
0.2 |
- |
- |
|
Owing to participants |
- |
0.0 |
- |
|
Total current
liabilities |
1.6 |
1.6 |
4.0 |
|
Total
liabilities (including net worth) |
11.3 |
10.9 |
12.3 |
|
Patents |
- |
0.2 |
0.0 |
|
Other intangibles |
0.3 |
- |
- |
|
Intangibles |
0.3 |
0.2 |
0.0 |
|
Total tangible
fixed assets |
0.2 |
0.3 |
0.3 |
|
Total
non-current assets |
0.5 |
0.5 |
0.3 |
|
Net stocks and work in progress |
3.5 |
3.9 |
3.7 |
|
Other receivables |
6.9 |
5.9 |
8.1 |
|
Total
receivables |
6.9 |
5.9 |
8.1 |
|
Cash and liquid assets |
0.3 |
0.5 |
0.1 |
|
Total current
assets |
10.7 |
10.4 |
12.0 |
|
Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
|
Total assets |
11.3 |
10.9 |
12.3 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
68.21 |
66.81 |
30.32 |
|
Acid test ratio |
45.82 |
41.49 |
20.85 |
|
Total liabilities to net worth |
0.02% |
0.02% |
0.05% |
|
Net worth to total assets |
0.08% |
0.08% |
0.06% |
|
Current liabilities to net worth |
0.02% |
0.02% |
0.05% |
|
Current liabilities to stock |
0.04% |
0.04% |
0.11% |
|
Fixed assets to net worth |
0.01% |
0.01% |
0.00% |
|
Return on assets |
0.01% |
0.01% |
0.01% |
|
Shareholders' return |
0.01% |
0.01% |
0.01% |
|
Profit per employee |
1.56 |
1.33 |
1.73 |
|
Average wage per employee |
4.22 |
4.96 |
4.79 |
|
Net worth |
8.7 |
8.4 |
7.4 |
|
Number of employees |
44 |
35 |
39 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.31 |
|
UK Pound |
1 |
Rs.79.04 |
|
Euro |
1 |
Rs.65.82 |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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.