|
Report Date : |
14.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
ZWILLING
J.A. HENCKELS AKTIENGESELLSCHAFT |
|
|
|
|
Registered Office : |
Grünewalder
Str. 14-22 D 42657 Solingen Post Box:10 08 64, D 42648 Solingen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Date of Incorporation : |
22.06.2005 |
|
|
|
|
Com. Reg. No.: |
HRB
21733 |
|
|
|
|
Legal Form : |
Public Limited
Company |
|
|
|
|
Line of Business : |
Manufacture
of cutlery of non-precious metals |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
Unknown |
|
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
Source
: CIA
ZWILLING J.A. Henckels
Aktiengesellschaft
Company Status: active
Grünewalder Str. 14-22
D
42657 Solingen
Post
Box:
10 08
64, D 42648 Solingen
Telephone:0212/882-0
Telefax: 0212/882-300
Homepage: www.zwilling.com
E-mail: info@zwilling.com
DE263353465
Business relations are
permissible.
LEGAL FORM Public
limited company
Date of foundation: 22.06.2005
Begin of business
activities: 22.06.2005
Registered on: 18.02.2009
Commercial Register: Local court 42103 Wuppertal
under: HRB
21733
EUR 25,000,000.00
MBU
Holding GmbH
Königstr.
1 c/o Wilh. Werhahn
KG
D
41460 Neuss
Legal
form: Private limited company
Share
capital: EUR 54,100,000.00
Share: 100.000 %
Registered on: 23.04.2004
Reg.
data: 41460 Neuss, HRB 12915
Profit
transfer agreement
President of the Board of Directors:
Claus
Holst-Gydesen
D
40667 Meerbusch
born:
15.04.1960
Member of the Board of Directors:
Dr.
Joachim Droese
Unter
Nank 31
D
40764 Langenfeld
born: 07.01.1955
Marital status: married
Member of the Board of Directors:
Achim
Wolfgarten
D
50667 Köln
born:
13.02.1959
Profession:
Businessman
Member of the Board of Directors:
Dr.
Erich Schiffers
D
28195 Bremen
born:
13.01.1965
President of the Supervisory Board:
Anton
Werhahn
D 41460 Neuss
born:
24.09.1958
Profession: Fully qualified merchant
Marital status: unknown
Proxy:
Jürgen
Sowa
D
44787 Bochum
authorized to jointly
represent the company
born:
25.08.1954
Profession: Businessman
Proxy:
Thomas
Hesse
D
42655 Solingen
authorized
to jointly represent the company
born:
27.09.1957
Profession: Businessman
Proxy:
Norbert Linnenberg
D
42929 Wermelskirchen
authorized
to jointly represent the company
born:
30.05.1961
Profession: Businessman
Proxy:
Ralf
Werner
D
42103 Wuppertal
authorized to jointly represent the company
born:
01.02.1963
Profession: Businessman
Proxy:
Dr.
Volker Herrmann
D
50667 Köln
authorized to jointly represent the company
born:
22.06.1970
Proxy:
Dr.
Michael Otremba
D
53359 Rheinbach
authorized to jointly represent the company
born:
12.05.1972
Proxy:
Rüdiger Foppe
Schäfershütte 9
D
51371 Leverkusen
authorized to jointly represent the company
born:
27.06.1968
Proxy:
Kerstin Schütz
D 42657 Solingen
authorized to jointly represent the company
born:
10.10.1971
Proxy:
Sven
Schröder
D
50667 Köln
authorized to jointly represent the company
born:
07.12.1967
Proxy:
Norbert Schumann
D
40721 Hilden
authorized to jointly represent the company
born:
13.11.1957
Proxy:
Ludwig
Klaffenbach
D
51371 Leverkusen
authorized to jointly represent the company
born:
12.02.1960
Proxy:
Christian Abke
D 42853 Remscheid
authorized to jointly represent the company
born:
08.12.1969
Proxy:
Dr.
René Schmitz
D
56645 Nickenich
authorized to jointly represent the company
born:
01.03.1971
Proxy:
Michael Georg Gordner
D
51371 Leverkusen
authorized to jointly represent the company
born: 02.07.1963
FURTHER FUNCTIONS/PARTICIPATIONS OF CLAUS
HOLST-GYDESEN
(President of the Board of Directors)
General partner:
Wilh.
Werhahn KG
Königstr. 1
D
41460 Neuss
Legal form: Limited partnership
Total
cap. EUR 148,273,000.00
contribution:
Registered
on: 19.01.1977
Reg.
data: 41460 Neuss, HRA 4096
Proxy:
Bankhaus Werhahn GmbH
Königstr. 1
D
41460 Neuss
Legal
form: Private limited company
Share
capital: EUR 26,000,000.00
Registered
on: 29.06.2005
Reg.
data: 41460 Neuss, HRB 13430
FURTHER FUNCTIONS/PARTICIPATIONS OF DR.
JOACHIM DROESE (MEMBER OF THE BOARD OF DIRECTORS)
Manager:
ZWILLING International GmbH
Grünewalder Str. 14-22
D
42657 Solingen
Legal
form: Private limited company
Share
capital: EUR 40,025,000.00
Registered
on: 07.03.2005
Reg.
data: 42103 Wuppertal, HRB 19019
FURTHER FUNCTIONS/PARTICIPATIONS OF ACHIM
WOLFGARTEN (MEMBER OF THE BOARD OF DIRECTORS)
Manager:
JV ZWILLING-RM
GmbH
Grünewalder Str. 14-22
D
42657 Solingen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 19.02.2010
Reg.
data: 42103 Wuppertal, HRB 22578
Manager:
Werhahn Bakery Products Holding GmbH
Königstr. 1
D
41460 Neuss
Legal form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 11.08.2011
Reg.
data: 41460 Neuss, HRB 16244
Manager:
Werhahn Bakery Products China GmbH
Königstr. 1
D
41460 Neuss
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 11.08.2011
Reg.
data: 41460 Neuss, HRB 16243
FURTHER FUNCTIONS/PARTICIPATIONS OF DR. ERICH
SCHIFFERS (MEMBER OF THE BOARD OF DIRECTORS)
Limited partner:
Köhler & Co. GmbH & Co. KG
Büchel
31
D
41460 Neuss
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,711,761.78
contribution:
Share: EUR 221,176.18
Registered
on: 26.03.1938
Reg.
data: 41460 Neuss, HRA 2310
Shareholder:
Erben
Schiffers GmbH
Büchel
31
D
41460 Neuss
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Share: EUR 17,895.22
Registered
on: 12.05.1960
Reg.
data: 41460 Neuss, HRB 1003
Manager:
Erben
Schiffers GmbH
Büchel
31
D
41460 Neuss
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Registered
on: 12.05.1960
Reg.
data: 41460 Neuss, HRB 1003
Manager:
ZWILLING Beauty Group GmbH
Grünewalder Str. 14-22
D
42657 Solingen
Legal form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 21.12.2011
Reg.
data: 42103 Wuppertal, HRB 23936
Manager:
Zwilling Minority GmbH
Grünewalder Str. 14-22
D
42657 Solingen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 30.08.2005
Reg.
data: 42103 Wuppertal, HRB 19323
Manager:
ZWILLING J.A. Henckels Retail GmbH
Grünewalder Str. 14-22
D 42657 Solingen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 15.08.2011
Reg.
data: 42103 Wuppertal, HRB 23702
Proxy:
MBU
Holding GmbH
Königstr. 1 c/o Wilh. Werhahn
KG
D
41460 Neuss
Legal
form: Private limited company
Share capital: EUR
54,100,000.00
Registered
on: 23.04.2004
Reg.
data: 41460 Neuss, HRB 12915
25.07.2005 -
18.02.2009 Bravo Acquisition GmbH
Koogstraat 6
D
25870 Norderfriedrichskoog
Private limited company
18.02.2009 -
21.04.2009 Bravo Acquisition AG
Koogstraat 6
D 25870 Norderfriedrichskoog
Public limited company
27.04.2009 -
17.02.2012 Member of the Board of
Directors
Dr. Matthias Metz
D 90402 Nürnberg
Main industrial sector
2571 Manufacture of cutlery of non-precious
metals
2573 Manufacture of tools
25993 Manufacture of metal
products n.e.c.
2899 Manufacture of other
special-purpose machinery n.e.c.
Branch:
ZWILLING J.A. Henckels Aktiengesellschaft
Schadowstr. 16
D
40212 Düsseldorf
Branch:
ZWILLING J.A. Henckels Aktiengesellschaft
Kölner
Str. 90
D
42651 Solingen
Branch:
ZWILLING J.A. Henckels Aktiengesellschaft
Colonnaden 36
D
20354 Hamburg
TEL.:
040/342585
Branch:
ZWILLING J.A. Henckels Aktiengesellschaft
Heegbarg 31
D
22391 Hamburg
TEL.:
040/6020112
Branch:
ZWILLING J.A. Henckels Aktiengesellschaft
Hainstr. 12-14
D
04109 Leipzig
TEL.:
0341-9616586
FAX.:
0341-9616587
Branch:
ZWILLING J.A. Henckels Aktiengesellschaft
Karlsplatz 8
D
80335 München
TEL.:
089/555913
FAX.:
089/54505977
Branch:
ZWILLING J.A. Henckels Aktiengesellschaft
Königstr. 15
D 90402 Nürnberg
TEL.:
0911/224104
FAX.:
0911/2348637
Branch:
ZWILLING J.A. Henckels Aktiengesellschaft
Grünewalder Str. 20
D 42657
Solingen
Reg.
entry: 24.06.2009
Branch:
ZWILLING J.A. Henckels Aktiengesellschaft
Grünewalder Str. 18
D
42657 Solingen
Reg.
entry: 24.06.2009
Limited partner:
"Jaguar" Stahlwarenfabrik GmbH & Co. KG
Ketzberger Str. 34
D
42653 Solingen
Post
Box:
16 01
71
Legal form: Ltd partnership with
priv. ltd.
company as general partner
Company Status: active
Total
cap. EUR 1,263,000.00
contribution:
Share: EUR 1,263,000.00
Reg.
data: 28.04.1956
Local court 42103 Wuppertal
HRA 19736
Shareholder:
ZWILLING International GmbH
Grünewalder Str. 14-22
D
42657 Solingen
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 40,025,000.00
Share: EUR 40,025,000.00
Reg.
data: 07.03.2005
Local court 42103 Wuppertal
HRB 19019
Shareholder:
ZWILLING Belgien GmbH
Grünewalder Str. 14-22
D
42657 Solingen
Legal
form: Private limited company
Company Status: active
Share capital: EUR 4,725,000.00
Share: EUR 4,725,000.00
Reg.
data: 21.02.2008
Local court 42103 Wuppertal
HRB 20959
Shareholder:
Tondeo-Werk GmbH
Höhscheider Weg 37
D
42699 Solingen
Legal
form: Private limited company
Company Status: active
Share capital: EUR 2,300,813.47
Share: EUR 2,300,813.47
Reg.
data: 01.10.1969
Local court 42103 Wuppertal
HRB 14817
Shareholder:
"Jaguar" Stahlwarenfabrik Geschäftsführungs
GmbH
Ketzberger Str. 34
D
42653 Solingen
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 27,000.00
Share: EUR 27,000.00
Reg.
data: 24.09.1974
Local court 42103 Wuppertal
HRB 14875
Shareholder:
ZWILLING J.A. Henckels Sales Europe GmbH
Grünewalder Str. 14-22
D
42657 Solingen
Legal form: Private limited company
Company Status: active
Share
capital: EUR 26,000.00
Share: EUR 26,000.00
Reg.
data: 08.01.1970
Local court 42103 Wuppertal
HRB 14820
Shareholder:
Zwilling Minority GmbH
Grünewalder Str. 14-22
D 42657
Solingen
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 30.08.2005
Local court 42103 Wuppertal
HRB 19323
Shareholder:
ZWILLING J.A. Henckels Retail GmbH
Grünewalder Str. 14-22
D
42657 Solingen
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR
25,000.00
Reg.
data: 15.08.2011
Local court 42103 Wuppertal
HRB 23702
Shareholder:
ZWILLING Beauty Group GmbH
Grünewalder Str. 14-22
D
42657 Solingen
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 21.12.2011
Local court 42103 Wuppertal
HRB 23936
Payment experience: within agreed terms
Negative information:We
have no negative information at hand.
Balance sheet year: 2008
Type of ownership: Tenant
Address Grünewalder Str. 14-22
D
42657 Solingen
Real Estate of: Dr. Joachim Droese
Type of ownership: proprietor
Share: 100.00 %
Address Unter Nank 31
D
72461 Albstadt
Land register documents
were not available.
DEUTSCHE BANK, SOLINGEN
Sort. code: 34270094, BIC:
DEUTDEDW342
COMMERZBANK VORMALS
DRESDNER BANK, SOLINGEN
Sort. code: 34280032, BIC:
DRESDEFF342
The number of employees is
not known.
Profit transfer agreement
to:
MBU
Holding GmbH
Königstr. 1 c/o Wilh.
Werhahn
KG
D
41460 Neuss
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 100.00
Liquidity ratio: 10.00
Return on total capital [%]: 4.00
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 97.07
Liquidity ratio: 10.00
Return on total capital [%]: 21.38
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: 01.01.2008 - 31.12.2008
ASSETS EUR 103,220,178.84
Current assets
EUR 103,220,178.84
Accounts receivable
EUR 94,594,735.81
Liquid means
EUR 8,625,443.03
LIABILITIES EUR 103,220,178.84
Shareholders' equity
EUR 103,174,804.84
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 93,319,000.00
Balance sheet profit/loss (+/-)
EUR 9,830,804.84
Balance sheet profit / loss
EUR 9,830,804.84
Items between shareholders' equity and
debt
capital
EUR 25,000.00
Mezzanine financing
EUR 25,000.00
Contributions for capital increase
EUR 25,000.00
Provisions
EUR 20,374.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2007 - 31.12.2007
ASSETS EUR 99,937,354.41
Current assets
EUR 99,937,354.41
Accounts
receivable EUR 98,085,733.23
Liquid means
EUR 1,851,621.18
LIABILITIES EUR 99,937,354.41
Shareholders' equity
EUR 99,498,948.65
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 93,319,000.00
Balance sheet profit/loss (+/-)
EUR 6,154,948.65
Balance sheet profit / loss
EUR 6,154,948.65
Provisions
EUR 438,397.52
Liabilities
EUR 8.24
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
|
|
1 |
Rs.84.42 |
|
Euro |
1 |
Rs.72.40 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.