|
Report Date : |
01.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
KHG GMBH
& CO. KG |
|
|
|
|
Registered Office : |
Am Rondell 1 D 12529 Schönefeld Post Box 97 03 01, D 12703
Berlin |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
13.03.1995 |
|
|
|
|
Com. Reg. No.: |
HRA 2316 CB |
|
|
|
|
Legal Form : |
Ltd
partnership with priv. ltd. company as
general partner |
|
|
|
|
Line of Business : |
Activities of head offices |
|
|
|
|
No. of Employees : |
212 |
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 : |
Good |
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 6.5% 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
KHG GmbH & Co. KG
Company Status: active
Am
Rondell 1
D
12529 Schönefeld
Post
Box:
97 03
01, D 12703 Berlin
Telephone:030/37444-02
Telefax: 030/374447419
Homepage: www.khg-home.de
E-mail: info@khg-home.de
DE811755980
Business relations are
permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Registered on: 13.03.1995
Register of
companies: Local
court 03044 Cottbus
under: HRA
2316 CB
EUR 20,000,000.00
Kurt
Manfred Willi Krieger
Bismarckstr. 52
D
14109 Berlin
born:
02.04.1948
Share: EUR 20,000,000.00
General partner:
KHG
Beteiligungs-GmbH
Am
Rondell 1
D
12529 Schönefeld
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Registered on: 06.01.1995
Reg.
data: 03044 Cottbus, HRB 9538 CB
Shareholder:
Kurt
Manfred Willi Krieger
Bismarckstr. 52
D 14109 Berlin
born:
02.04.1948
Share: EUR 25,564.59
Manager:
Sonja
Krieger
Bismarckstr. 42
D
14109 Berlin
having
sole power of representation
born:
22.02.1979
Profession: Businessman
Marital status: unknown
Manager:
Holger
Straßer
D 44787 Bochum
born:
03.12.1965
Profession: Businessman
Proxy:
Kurt
Manfred Willi Krieger
Bismarckstr. 52
D
14109 Berlin
having sole power of representation
born:
02.04.1948
Profession: Businessman
Marital status: unknown
General partner:
Hildegard Krieger
Genthiner
Str. 32
D
10785 Berlin
born:
25.04.1922
FURTHER FUNCTIONS/PARTICIPATIONS OF HILDEGARD
KRIEGER (GENERAL PARTNER)
General partner:
Höffner Möbelgesellschaft GmbH & Co. KG
Nova Eventis 1
OT
Günthersdorf
D
06237 Leuna
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 2,000,000.00
contribution:
Registered
on: 21.12.1990
Reg.
data: 39576 Stendal, HRA 30107
General partner:
KIS GmbH
& Co. KG
Am
Rondell 1
D
12529 Schönefeld
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR
230,081.35
contribution:
Registered
on: 12.02.1973
Reg.
data: 03044 Cottbus, HRA 2357 CB
General partner:
Höffner Möbelgesellschaft GmbH & Co. KG
Pankstr. 32
D
13357 Berlin
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,000,000.00
contribution:
Registered
on: 15.03.1967
Reg.
data: 14057 Berlin, HRA 2612 B
General partner:
Höffner Möbelgesellschaft GmbH & Co. KG
Holsteiner Chaussee 130
D
22523 Hamburg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 2,000,000.00
contribution:
Registered
on: 19.02.2008
Reg.
data: 20355 Hamburg, HRA 107867
General partner:
Höffner Möbelgesellschaft Duisburg
GmbH &
Co. KG
Am
Rondell 1
D
12529 Schönefeld
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,000,000.00
contribution:
Registered
on: 06.10.2009
Reg.
data: 03044 Cottbus, HRA 2589 CB
General partner:
Höffner Möbelgesellschaft GmbH & Co. KG
Ringstr. 1
D
09247 Chemnitz
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,000,000.00
contribution:
Registered
on: 03.07.1992
Reg.
data: 09112 Chemnitz, HRA 745
General partner:
Höffner Möbelgesellschaft mbH & Co. KG
Am
Rondell 1 OT Waltersdorf
D
12529 Schönefeld
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,000,000.00
contribution:
Registered
on: 18.07.1996
Reg. data: 03044 Cottbus, HRA 2331 CB
General partner:
Höffner Möbelgesellschaft Marzahn GmbH & Co.
KG
Märkische Spitze 13
D
12681 Berlin
Legal form: Ltd partnership with priv.
ltd.
company as general partner
Total
cap. EUR 2,000,000.00
contribution:
Registered
on: 26.09.1996
Reg.
data: 14057 Berlin, HRA 27531 B
General partner:
Höffner Möbelgesellschaft GmbH & Co. KG
Rabenaustr. 3-9
D
63584 Gründau
Legal form: Ltd partnership
with priv. ltd.
company as general partner
Total
cap. EUR 2,000,000.00
contribution:
Registered
on: 18.12.2007
Reg.
data: 63450 Hanau, HRA 92567
General partner:
Höffner Möbelgesellschaft GmbH & Co. KG
Über
der Dingelstelle 1 OT
Langenweddingen
D
39171 Sülzetal
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,000,000.00
contribution:
Registered
on: 08.04.2008
Reg.
data: 39576 Stendal, HRA 1977
General partner:
Höffner Möbelgesellschaft Bremen GmbH & Co.
KG
Am
Rondell 1
D
12529 Schönefeld
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,000,000.00
contribution:
Registered
on: 15.09.2009
Reg.
data: 03044 Cottbus, HRA 2583 CB
General partner:
Höffner Möbelgesellschaft GmbH & Co. KG
Peschelstr. 39
D
01139 Dresden
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,022,583.76
contribution:
Registered
on: 19.01.1995
Reg.
data: 01069 Dresden, HRA 1990
General partner:
Höffner
Möbelgesellschaft mbH & Co. KG
Hansestr. 28
D
18182 Bentwisch
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 2,000,000.00
contribution:
Registered
on: 06.06.1995
Reg.
data: 18057 Rostock, HRA 1134
General partner:
Höffner Möbelgesellschaft GmbH & Co.
KG
Am
Pfahlberg 8
D
39128 Magdeburg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 1,022,583.76
contribution:
Registered
on: 08.02.1996
Reg.
data: 39576 Stendal, HRA 21452
General partner:
Höffner Möbelgesellschaft
GmbH & Co. KG
Mauster Str. 13
D
03053 Cottbus
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,000,000.00
contribution:
Registered
on: 21.12.2007
Reg.
data: 03044 Cottbus, HRA 1874 CB
General partner:
Möbel-Kraft GmbH & Co. KG
Frankfurter Chaussee 50
D
15370 Fredersdorf-Vogelsdorf
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,000.00
contribution:
Registered
on: 05.04.2007
Reg.
data: 15236 Frankfurt, HRA 2283 FF
General partner:
Höffner Möbelgesellschaft GmbH & Co. KG
Im
Großen Felde 3
D
99097 Erfurt
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,022,583.76
contribution:
Registered
on: 03.08.1995
Reg.
data: 07745 Jena, HRA 101413
General partner:
Höffner Möbelgesellschaft GmbH & Co. KG
Mannheimer Landstr. 62-64
D
68723 Schwetzingen
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,000,000.00
contribution:
Registered
on: 14.01.2008
Reg. data: 68159 Mannheim, HRA 701455
General partner:
Höffner Systems GmbH & Co. KG
Am
Rondell 1
D
12529 Schönefeld
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 511,291.88
contribution:
Registered
on: 08.01.2002
Reg. data: 03044 Cottbus, HRA 2408 CB
General partner:
Höffner Möbelgesellschaft GmbH & Co. KG
Rahlstedter Str. 1
D
22885 Barsbüttel
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,500,000.00
contribution:
Registered
on: 30.04.2002
Reg.
data: 23568 Lübeck, HRA 2233 RE
General partner:
Höffner Möbelgesellschaft Altwarmbüchen GmbH
&
Co. KG
Am
Rondell 1
D
12529 Schönefeld
Legal
form: Ltd partnership with priv. ltd.
company as general partner
dormant
Total
cap. EUR 2,000,000.00
contribution:
Registered
on: 24.07.2009
Reg.
data: 03044 Cottbus, HRA 2577 CB
General partner:
Höffner Möbelgesellschaft GmbH & Co. KG
Seeackerstr. 45
D
90765 Fürth
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,500,000.00
contribution:
Registered
on: 29.10.2003
Reg.
data: 90762 Fürth, HRA 7977
General partner:
Höffner Möbelgesellschaft GmbH & Co. KG
Ludwig-Koch-Str. 3
D
81249 München
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,500,000.00
contribution:
Registered
on: 21.06.2007
Reg.
data: 80333 München, HRA 90381
General partner:
Möbel-Kraft GmbH & Co. KG
Sachsendamm 20
D
10829 Berlin
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,000,000.00
contribution:
Registered
on: 22.03.2007
Reg.
data: 14057 Berlin, HRA 39368 B
General partner:
Möbel-Kraft Taucha GmbH & Co. KG
Leipziger Str. 131
D
04425 Taucha
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,000,000.00
contribution:
Registered
on: 17.03.2009
Reg.
data: 04275 Leipzig, HRA 15771
General partner:
Möbel-Kraft Peißen GmbH & Co. KG
Rudolf-Walther-Str. 2 OT
Peißen
D
06188 Landsberg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 2,000,000.00
contribution:
Registered
on: 17.03.2009
Reg.
data: 39576 Stendal, HRA 2323
General partner:
Möbel-Kraft Dresden GmbH &
Co. KG
Rudolf-Walther-Str. 1
D
01156 Dresden
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,000,000.00
contribution:
Registered
on: 19.03.2009
Reg.
data: 01069 Dresden, HRA 7364
General partner:
Rösrather Möbelzentrum Höffner GmbH & Co. KG
Auf
der Grefenfurth 5
D
51503 Rösrath
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 25,000.00
contribution:
Registered
on: 16.08.2010
Reg.
data: 50939 Köln, HRA 27894
03.11.2003 -
14.11.2005 Krieger Handel GmbH & Co.
KG
Am
Rondell 1
D
15732 Waltersdorf
Ltd partnership with priv. ltd. company
as
general partner
14.11.2005 -
27.11.2007 Krieger Handel GmbH & Co.
KG
Am
Rondell 1 OT Waltersdorf
D
12529 Schönefeld
Ltd partnership with priv. ltd. company
as general partner
27.11.2007 -
30.08.2012 KHG GmbH & Co. KG
Am
Rondell 1 OT Waltersdorf
D
12529 Schönefeld
Ltd partnership with priv. ltd. company
as general partner
05.05.2008 - 30.08.2012
General partner
Thomas Dankert
D
15745 Wildau
Sectors
7010 Activities of head offices
8299 Other business
support service activities n. e. c.
96090 Other service
activities n. e. c.
General partner:
Krieger Handel Barsbüttel GmbH & Co. KG
D
22885 Barsbüttel
Legal form: Ltd partnership with
priv. ltd.
company as general partner
Company Status: dissolved
since: 04.05.2007
Total
cap. EUR 25,000.00
contribution:
Reg.
data: 07.03.2006
Local court 23568 Lübeck
HRA 4608 HL
Payment experience: within agreed terms
Negative information:We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Am Rondell 1
D
12529 Schönefeld
Real Estate of: KHG Beteiligungs-GmbH
Type of ownership: Tenant
Address Am Rondell 1
D
12529 Schönefeld
Land register documents
were not available.
Principal bank
BERLINER BANK NIEDERLASSUNG
DER DEUTSCHE BANK PGK, BERLIN
Sort. code: 10070848, BIC:
DEUTDEDB110
Further bank
LANDESBANK BERLIN -
BERLINER SPARKASSE, BERLIN
Sort. code: 10050000, BIC:
BELADEBEXXX
Turnover: 2011 EUR 660,000,000.00
2012 EUR 660,000,000.00
further business figures:
Equipment: EUR 1,484,000.00
Ac/ts receivable: EUR 430,100,023.00
Liabilities: EUR 411,449,806.00
Employees:
212
-
thereof permanent staff: 212
The aforementioned business
figures may partly be estimated
information based on
average values in the line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 34.29
Liquidity ratio: 1.57
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 45.37
Liquidity ratio: 1.93
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 37.82
Liquidity ratio: 1.64
Return on total capital [%]: 172.57
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: -6.85
Liquidity ratio: 0.94
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: 01.01.2011 - 31.12.2011
ASSETS EUR 445,753,075.87
Current assets
EUR 445,753,075.87
Stocks EUR 10,899,383.66
Finished goods / work in progress
EUR 10,899,383.66
Accounts receivable
EUR 430,100,023.26
Trade debtors
EUR 1,128,137.79
Amounts due from affiliated companiesEUR 384,753,634.24
Other debtors and assets
EUR 44,218,251.23
Liquid means
EUR 4,753,668.95
LIABILITIES EUR 445,753,075.87
Shareholders' equity EUR 20,057,284.42
Capital
EUR 20,000,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 20,000,000.00
Reserves EUR 57,284.42
Other / unspecified reserves
EUR 57,284.42
Provisions
EUR 14,245,985.00
Pension provisions and comparable
provisions EUR 1,011,271.00
Provisions for taxes
EUR 1,996,732.00
Other / unspecified provisions
EUR 11,237,982.00
Liabilities
EUR 411,449,806.45
Financial debts EUR 12,813,674.67
Liabilities due to banks
EUR 12,813,674.67
Other liabilities
EUR 398,636,131.78
Trade creditors (for IAS incl. bills
of exchange) EUR
85,306,810.60
Liabilities due to shareholders
EUR 132,785,344.82
Liabilities due to affiliated
companies / persons / organs
EUR 125,692,051.87
Unspecified other liabilities
EUR 54,851,924.49
thereof liabilities from tax /
financial authorities
EUR 4,211,636.13
thereof liabilities from social
security
EUR 8,245.24
Guarantees and other commitments
EUR 190,789,034.27
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 416,133,946.10
Current assets
EUR 416,133,946.10
Stocks
EUR 11,024,951.77
Finished goods / work in progress
EUR 11,024,951.77
Accounts receivable
EUR 398,205,965.52
Trade debtors
EUR 640,538.65
Other debtors and assets
EUR 397,565,426.87
Liquid means
EUR 6,903,028.81
LIABILITIES EUR 416,133,946.10
Shareholders' equity EUR 20,057,284.42
Capital
EUR 20,000,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 20,000,000.00
Reserves
EUR 57,284.42
Other / unspecified reserves
EUR 57,284.42
Provisions
EUR 13,966,142.00
Pension provisions and comparable
provisions
EUR 1,026,691.00
Provisions for taxes
EUR 2,593,694.00
Other / unspecified provisions
EUR 10,345,757.00
Liabilities
EUR 382,110,519.68
Financial debts
EUR 11,046,831.24
Liabilities due to banks
EUR 11,046,831.24
Other liabilities
EUR 371,063,688.44
Trade creditors (for IAS incl. bills
of exchange)
EUR 78,676,053.08
Liabilities due to shareholders
EUR 168,724,390.02
Liabilities due to affiliated
companies / persons / organs
EUR 73,677,666.38
Unspecified other liabilities
EUR 49,985,578.96
thereof liabilities from tax /
financial authorities
EUR 1,792,328.27
thereof liabilities from social
security
EUR 2,838.18
Guarantees and other commitments
EUR 184,140,673.27
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.49 |
|
|
1 |
Rs.86.01 |
|
Euro |
1 |
Rs.73.68 |
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.