|
Report Date : |
13.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
KLOTH & KÖHNKEN TEEHANDEL GMBH |
|
|
|
|
Registered Office : |
Konsul-Smidt-Str. 8j, D 28217 Bremen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
13.12.1991 |
|
|
|
|
Com. Reg. No.: |
HRB 14010 HB |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Wholesale of coffee, tea, cocoa and
spices |
|
|
|
|
No. of Employees : |
23 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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.
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 6.5% in 2012. GDP contracted 5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a reflection of low investment spending due to crisis-induced uncertainty and the decreased demand for German exports from recession-stricken periphery countries. 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. In 2012 Germany reached a budget surplus of 0.1%. 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. By 2014, the federal government wants to balance its budget. 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 electricity generating capacity and 46% of its base-load electricity production.
|
Source
: CIA |
KLOTH & KÖHNKEN TEEHANDEL GMBH
Company Status: active
Konsul-Smidt-Str. 8j
D 28217 Bremen
Telephone: 0421/3477931
Telefax: 0421/3477720
Homepage: www.kktee.de
E-mail: info@kktee.de
VAT no.: DE114419557
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 13.12.1991
Shareholders'
agreement: 13.12.1991
Registered on: 28.01.1992
Commercial Register: Local court 28195 Bremen
under: HRB
14010 HB
Share capital: EUR 300,000.00
Shareholder:
Mathias Kloth
D 27726 Worpswede
born: 25.09.1948
Share: EUR 150,000.00
Shareholder:
Axel Köhnken
D 28209 Bremen
born: 11.08.1965
Share: EUR 100,000.00
Shareholder:
Bremer
Unternehmensbeteiligungsgesellschaft
mbH
Langenstr. 2-4
D 28195 Bremen
Legal form:
Private limited company
Share capital: EUR 5,112,918.80
Share: EUR 50,000.00
Registered on: 21.12.1998
Reg. data: 28195 Bremen, HRB 18423 HB
Manager:
Axel Köhnken
D 28209 Bremen
born: 11.08.1965
Profession: Businessman
Manager:
Mathias Kloth
D 27726
Worpswede
born: 25.09.1948
Profession: Businessman
Proxy:
Wolfgang Wilhelm
D 28217 Bremen
authorized to jointly
represent the company
born: 09.12.1952
28.01.1992 - 01.10.2006 Kloth & Köhnken Teehandel GmbH
Wachmannstr. 7
D 28209 Bremen
Private
limited company
Main industrial sector
46370
Wholesale of coffee, tea, cocoa and spices
Limited partner:
Paul Schrader GmbH &
Co. KG
Gutenbergstr. 7
D 28844 Weyhe
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 720,000.00
contribution:
Share: EUR 180,000.00
Reg. data: 29.12.2003
Local court
28195 Bremen
HRA 23251 HB
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Konsul-Smidt-Str.
8j
D 28217 Bremen
Land register documents were not available.
COMMERZBANK, BREMEN
Sort. code: 29040090, BIC: COBADEFF290
SPARKASSE BREMEN, BREMEN
Sort. code: 29050101, BIC: SBREDE22XXX
Gross profit or loss: 2011
EUR 3,602,563.00
2012
EUR 3,770,506.00
Expected turnover: EUR 2,650,000.00
Profit: 2011 EUR 458,982.00
2012
EUR 522,667.00
further business figures:
Equipment: EUR 161,338.00
Ac/ts receivable: EUR
4,181,274.00
Liabilities:
EUR 13,758,712.00
Employees:
23
- thereof permanent staff: 16
- Part-time employees: 5
- Trainees:
2
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 16.93
Liquidity ratio: 0.35
Return on total capital [%]: 3.50
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 16.87
Liquidity ratio: 0.30
Return on total capital [%]: 3.30
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 16.24
Liquidity ratio: 0.49
Return on total capital [%]: 3.79
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 16.34
Liquidity ratio: 0.48
Return on total capital [%]: 3.92
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
Financial
year: 01.01.2012 - 31.12.2012
ASSETS EUR 14,920,215.52
Fixed assets
EUR 180,982.86
Intangible assets EUR 2.00
Other / unspecified intangible assetsEUR 2.00
Tangible assets
EUR 161,338.00
Other tangible assets / fixtures and
fittings EUR 161,338.00
Financial assets
EUR 19,642.86
Shares in participations /
subsidiaries and the like
EUR 19,642.86
Shares in investee companies
EUR 19,642.86
Current assets
EUR 14,486,692.11
Stocks
EUR 10,300,338.79
Accounts receivable
EUR 4,181,273.53
Other debtors and assets
EUR 4,181,273.53
Liquid means
EUR 5,079.79
Remaining other assets
EUR 252,540.55
Accruals (assets)
EUR 5,843.84
Active difference from asset
offsetting EUR 246,696.71
LIABILITIES EUR 14,920,215.52
Shareholders' equity
EUR 872,246.60
Capital
EUR 300,000.00
Subscribed capital (share capital)
EUR 300,000.00
Reserves
EUR 50,000.00
Capital reserves
EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 522,246.60
Balance sheet profit / loss
EUR 522,246.60
Provisions
EUR 284,203.24
Liabilities
EUR 13,758,711.90
Financial debts EUR 8,472,787.41
Liabilities due to banks
EUR 8,472,787.41
Other liabilities
EUR 5,285,924.49
Liabilities due to shareholders
EUR 1,654,033.50
Unspecified other liabilities
EUR 3,631,890.99
Other liabilities
EUR 5,053.78
Deferrals (liabilities)
EUR 5,053.78
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Gross result (+/-)
EUR 3,770,506.03
Staff expenses
EUR 1,069,947.16
Wages and salaries
EUR 947,408.16
Social security contributions and
expenses for pension plans and
benefits
EUR 122,539.00
Total depreciation
EUR 37,197.75
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 37,197.75
Other operating expenses
EUR 1,186,306.44
Operating result from continuing
operations
EUR 1,477,054.68
Interest result (+/-)
EUR -656,631.33
Interest and similar income
EUR 65,155.52
Interest and similar expenses
EUR 721,786.85
Other financial result
EUR -48,400.57
Depreciation on financial assets and
marketable securities
EUR 48,400.57
Financial result (+/-)
EUR -705,031.90
Result from ordinary operations (+/-)
EUR 772,022.78
Expenses for transfer of profits to a
parent company
EUR 51,129.16
Income tax / refund of income tax (+/-)EUR -249,018.93
Other taxes / refund of taxes
EUR -336.69
Tax (+/-)
EUR -249,355.62
Annual surplus / annual deficit
EUR 471,538.00
Type of
balance sheet: Company
balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 13,917,925.50
Fixed assets
EUR 195,335.43
Intangible assets
EUR 735.00
Other / unspecified intangible assetsEUR 735.00
Tangible assets
EUR 160,057.00
Other tangible assets / fixtures and
fittings
EUR 160,057.00
Financial assets
EUR 34,543.43
Shares in participations /
subsidiaries and the like
EUR 34,543.43
Shares in investee companies
EUR 34,543.43
Current assets
EUR 13,575,247.69
Stocks
EUR 10,152,631.28
Accounts receivable EUR 3,419,663.10
Other debtors and assets
EUR 3,419,663.10
Liquid means
EUR 2,953.31
Remaining other assets
EUR 147,342.38
Accruals (assets) EUR 4,544.28
Active difference from asset
offsetting
EUR 142,798.10
LIABILITIES EUR 13,917,925.50
Shareholders' equity
EUR 820,708.60
Capital
EUR 300,000.00
Subscribed capital (share capital)
EUR 300,000.00
Reserves
EUR 50,000.00
Capital reserves EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 470,708.60
Profit / loss brought forward
EUR 62,854.53
Annual surplus / annual deficit
EUR 407,854.07
Provisions EUR 325,372.84
Liabilities
EUR 12,767,143.56
Financial debts
EUR 7,461,375.79
Liabilities due to banks
EUR 7,461,375.79
Other liabilities
EUR 5,305,767.77
Liabilities due to shareholders
EUR 1,527,463.50
Unspecified other liabilities
EUR 3,778,304.27
Other liabilities
EUR 4,700.50
Deferrals (liabilities)
EUR 4,700.50
Guarantees and other commitments
EUR 137,500.00
Guarantees / warranties
EUR 137,500.00
Guarantees
EUR 137,500.00
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Gross result (+/-) EUR 3,602,563.40
Staff expenses
EUR 975,407.31
Wages and salaries EUR 871,802.48
Social security contributions and
expenses for pension plans and
benefits
EUR 103,604.83
Total depreciation
EUR 40,019.52
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 40,019.52
Other operating expenses
EUR 1,186,342.94
Operating result from continuing
operations EUR 1,400,793.63
Interest result (+/-)
EUR -639,940.69
Interest and similar income
EUR 16,485.20
Interest and similar expenses
EUR 656,425.89
Financial result (+/-)
EUR -639,940.69
Result from ordinary operations (+/-)
EUR 760,852.94
Expenses for transfer of profits to a
parent company
EUR 51,127.60
Income tax / refund of income tax (+/-)EUR -288,754.04
Other taxes / refund of taxes
EUR -13,117.23
Tax (+/-)
EUR -301,871.27
Annual surplus / annual deficit
EUR 407,854.07
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.62 |
|
|
1 |
Rs.100.84 |
|
Euro |
1 |
Rs.84.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.