MIRA
INFORM REPORT
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Report Date : |
17.10.2012 |
IDENTIFICATION DETAILS
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Name : |
DKSH GMBH |
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Registered Office : |
Baumwall 3, Hamburg, 20459 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1972 |
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Com. Reg. No.: |
54121 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
wholesaler
of industrial chemicals |
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No. of Employees : |
25 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Slow |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 |
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 declining 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 growth in 2006 and 2007 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 - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. 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. 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 hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.
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Source : CIA |
Company name & address
DKSH GmbH
Baumwall 3
Hamburg, 20459
Germany
Tel: 49 (40) 37 47 34-0
Fax: 49 (40) 37 47 34 80
Web: www.dksh.com
Synthesis
Employees: 25
Company Type: Private Subsidiary
Corporate Family: 35
Companies
Ultimate Parent: Diethelm
Keller Holding AG
Incorporation Date: 1972
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency: Euro
Annual Sales: NA
Total Assets: 18.6
Business Description
DKSH GmbH is primarily engaged in wholesale of industrial chemicals (aniline, printing ink, essential oils, industrial gases, chemical glues, colouring matter, synthetic resin, methanol, paraffin, scents and flavourings, soda, industrial salt, acids and sulphur, starch derivatives, etc.); wholesale of fertilisers and agro-chemical products; wholesale of plastic materials in primary forms; and wholesale of rubber.
Industry
Industry Personal and Household Products
ANZSIC 2006: 3720 -
Pharmaceutical and Toiletry Goods Wholesaling
NACE 2002: 5146 - Wholesale
of pharmaceutical goods
NAICS 2002: 424210 - Drugs and
Druggists' Sundries Merchant Wholesalers
UK SIC 2003: 5146 - Wholesale
of pharmaceutical goods
UK SIC 2007: 4646 - Wholesale of
pharmaceutical goods
US SIC 1987: 5122 - Drugs, Drug
Proprietaries, and Druggists' Sundries
Key Executives
Name Title
Thomas Sul Managing director
Registered No.(DEU): 54121
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Corporate Overview
Location
Baumwall 3
Hamburg, 20459
Germany
Tel: 49 (40) 37 47 34-0
Fax: 49 (40) 37 47 34 80
Web: www.dksh.com
Sales EUR(mil): NA
Assets EUR(mil): 14.3
Employees: 25
Fiscal Year End: 31-Dec-2011
Industry: Personal
and Household Products
Incorporation Date: 1972
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DEU): 54121
Managing director: Thomas
Sul
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3720 - Pharmaceutical and Toiletry Goods Wholesaling
NACE 2002 Codes:
5146 - Wholesale of pharmaceutical goods
NAICS 2002 Codes:
424210 - Drugs and Druggists' Sundries Merchant Wholesalers
US SIC 1987:
5122 - Drugs, Drug Proprietaries, and Druggists' Sundries
UK SIC 2003:
5146 - Wholesale of pharmaceutical goods
UK SIC 2007:
4646 - Wholesale of pharmaceutical goods
Business Description
Sale of chemical and pharmaceutical raw materials
More Business
Descriptions
DKSH GmbH is primarily engaged in wholesale of industrial chemicals (aniline, printing ink, essential oils, industrial gases, chemical glues, colouring matter, synthetic resin, methanol, paraffin, scents and flavourings, soda, industrial salt, acids and sulphur, starch derivatives, etc.); wholesale of fertilisers and agro-chemical products; wholesale of plastic materials in primary forms; and wholesale of rubber.
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Corporate Family |
Corporate
Structure News: |
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Diethelm
Keller Holding AG |
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DKSH GmbH |
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Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
ZĂ¼rich |
Switzerland |
Miscellaneous Financial Services |
8,124.8 |
20,800 |
|
|
Holding |
Zuerich |
Switzerland |
Business Services |
8,275.9 |
24,342 |
|
|
Subsidiary |
Bangkok |
Thailand |
Retail (Grocery) |
2,946.3 |
10,000 |
|
|
Subsidiary |
Phra Khanong, Bangkok |
Thailand |
Food Processing |
|
2,800 |
|
|
Subsidiary |
Phra Nakhon, Bangkok |
Thailand |
Personal and Household Products |
|
65 |
|
|
Subsidiary |
Petaling Jaya |
Malaysia |
Miscellaneous Transportation |
1,393.1 |
3,051 |
|
|
Subsidiary |
Petaling Jaya, Selangor |
Malaysia |
Personal and Household Products |
679.0 |
2,500 |
|
|
Subsidiary |
Petaling Jaya, Selangor |
Malaysia |
Business Services |
20.9 |
400 |
|
|
Subsidiary |
Kuala Lumpur |
Malaysia |
Jewelry and Silverware |
|
|
|
|
Subsidiary |
Ho Chi Minh City |
Viet Nam |
Chemical Manufacturing |
|
2,700 |
|
|
Subsidiary |
Shanghai |
China |
Business Services |
|
1,000 |
|
|
Subsidiary |
Taipei |
Taiwan |
Business Services |
|
550 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Business Services |
|
400 |
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
362.0 |
300 |
|
|
Subsidiary |
Calamba City |
Philippines |
Miscellaneous Capital Goods |
15.9 |
200 |
|
|
Subsidiary |
Dordrecht |
Netherlands |
Business Services |
|
200 |
|
|
Subsidiary |
Saignelégier |
Switzerland |
Jewelry and Silverware |
92.1 |
175 |
|
|
Subsidiary |
Hallam, VIC |
Australia |
Business Services |
45.2 |
130 |
|
|
Subsidiary |
Zurich |
Switzerland |
Business Services |
|
100 |
|
|
Subsidiary |
ZĂ¼rich |
Switzerland |
Food Processing |
|
80 |
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Personal and Household Products |
|
25 |
|
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Subsidiary |
Dordrecht, Zuid-Holland |
Netherlands |
Miscellaneous Capital Goods |
146.8 |
|
|
|
Subsidiary |
Zurich |
Switzerland |
Public Sector and Government |
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|
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Subsidiary |
Bangkok |
Thailand |
Chemical Manufacturing |
1,000.0 |
5,000 |
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Holding |
Singapore |
Singapore |
Miscellaneous Financial Services |
142.6 |
1,870 |
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Transportation |
8.6 |
50 |
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Subsidiary |
Wong Chuk Hang, Hong Kong Island |
Hong Kong |
Miscellaneous Capital Goods |
658.1 |
1,000 |
|
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Subsidiary |
Southbank, VIC |
Australia |
Personal Services |
39.9 |
480 |
|
|
Subsidiary |
Singapore |
Singapore |
Personal and Household Products |
267.0 |
414 |
|
|
Subsidiary |
Lumpini, Pathumwan, Bangkok |
Thailand |
Personal Services |
2.0 |
200 |
|
|
Subsidiary |
Wattana, Bangkok |
Thailand |
Retail (Specialty) |
2.0 |
100 |
|
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Subsidiary |
Farnborough |
United Kingdom |
Miscellaneous Capital Goods |
36.4 |
82 |
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|
Subsidiary |
Farnborough |
United Kingdom |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
ZĂ¼rich |
Switzerland |
Consumer Financial Services |
1.0 |
80 |
|
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Subsidiary |
Taipei |
Taiwan |
Biotechnology and Drugs |
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Executive report
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Executives |
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Managing director |
Managing Director |
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Annual Profit & Loss
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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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) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Taxes and social security costs |
0.4 |
0.3 |
0.4 |
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Total payroll costs |
3.1 |
3.0 |
2.9 |
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Cost of stock depreciation and
amortisation |
- |
- |
0.4 |
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Fixed asset depreciation and amortisation |
0.2 |
0.0 |
0.0 |
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Other operating costs |
7.4 |
5.6 |
5.1 |
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Net operating
income |
0.3 |
0.3 |
-0.9 |
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Other income |
0.0 |
0.0 |
0.0 |
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Interest payable on loans |
0.2 |
0.1 |
0.1 |
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Total expenses |
0.2 |
0.1 |
0.1 |
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Profit before tax |
0.1 |
0.2 |
-1.0 |
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Provisions |
1.0 |
0.9 |
0.6 |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.0 |
0.0 |
-0.2 |
|
Net profit |
0.1 |
0.3 |
- |
|
Net loss |
- |
- |
-0.8 |
Annual Balance
Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
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Issued capital |
3.3 |
3.4 |
3.7 |
|
Other reserves |
0.1 |
- |
- |
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Total reserves |
0.1 |
0.1 |
0.1 |
|
Profits for the year |
-0.8 |
-0.9 |
-1.3 |
|
Profit brought forward from previous
year(s) |
-0.9 |
-1.2 |
-0.4 |
|
Total stockholders
equity |
2.6 |
2.6 |
2.5 |
|
Other provisions |
0.9 |
- |
0.6 |
|
Provisions and allowances |
0.9 |
0.9 |
0.6 |
|
Trade creditors |
2.8 |
4.2 |
5.4 |
|
Taxation and social security |
0.1 |
0.1 |
0.1 |
|
Due to group companies |
12.1 |
5.7 |
8.5 |
|
Total current
liabilities |
15.1 |
10.0 |
13.9 |
|
Regularisation account |
- |
0.0 |
- |
|
Total
liabilities (including net worth) |
18.6 |
13.4 |
17.0 |
|
Patents |
0.0 |
0.1 |
0.1 |
|
Goodwill |
- |
0.1 |
0.2 |
|
Intangibles |
0.0 |
0.2 |
0.2 |
|
Total tangible
fixed assets |
0.0 |
0.0 |
0.0 |
|
Total
non-current assets |
0.1 |
0.2 |
0.3 |
|
Finished goods |
9.8 |
6.1 |
7.3 |
|
Prepayments |
0.1 |
0.3 |
0.0 |
|
Net stocks and work in progress |
10.0 |
6.4 |
7.3 |
|
Trade debtors |
5.9 |
4.9 |
6.3 |
|
Other receivables |
0.7 |
0.7 |
1.2 |
|
Total
receivables |
6.7 |
6.2 |
8.1 |
|
Owing from associated companies |
0.0 |
0.7 |
0.6 |
|
Cash and liquid assets |
1.8 |
0.5 |
1.3 |
|
Total current
assets |
18.4 |
13.2 |
16.7 |
|
Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
|
Total assets |
18.6 |
13.4 |
17.0 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
12.25 |
13.24 |
12.02 |
|
Acid test ratio |
5.64 |
6.80 |
6.75 |
|
Total liabilities to net worth |
0.59% |
0.39% |
0.56% |
|
Net worth to total assets |
0.01% |
0.02% |
0.01% |
|
Current liabilities to net worth |
0.59% |
0.39% |
0.56% |
|
Current liabilities to stock |
0.15% |
0.16% |
0.19% |
|
Fixed assets to net worth |
0.00% |
0.01% |
0.01% |
|
Return on assets |
0.00% |
0.00% |
0.00% |
|
Shareholders' return |
0.00% |
0.01% |
-0.03% |
|
Profit per employee |
0.22 |
0.79 |
-2.48 |
|
Average wage per employee |
8.80 |
9.34 |
8.69 |
|
Net worth |
2.6 |
2.6 |
2.5 |
|
Number of employees |
25 |
24 |
24 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.82 |
|
UK Pound |
1 |
Rs.84.96 |
|
Euro |
1 |
Rs.68.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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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.