|
Report Date : |
15.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
PKA KLÖCKER GMBH |
|
|
|
|
Registered Office : |
Friedrichstr. 2 D 40699 Erkrath |
|
|
|
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Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2011 |
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|
|
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Year of Incorporation : |
1948 |
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|
|
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Com. Reg. No.: |
HRB 13926 |
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|
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Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
Agents involved in the sale of textiles, apparel, footwear
and leatherware |
|
|
|
|
No. of Employees : |
14 |
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
PKA KLÖCKER GMBH
Company Status: active
Friedrichstr.
2
D 40699
Erkrath
Telephone:0211/242527
Telefax: 0211/9007962
Homepage:
www.pka-kloecker.de
E-mail:
pka-kloecker@t-online.de
DE812848731
LEGAL FORM Private limited company
Date of foundation: 1948
Shareholders'
agreement: 17.12.1999
Registered on: 18.01.2000
Commercial Register: Local
court 42103 Wuppertal
under: HRB 13926
EUR 60,000.00
Peter Klöcker
D 40699
Erkrath
born: 01.10.1950
Share: EUR 60,000.00
Manager:
Peter Klöcker
D 40699
Erkrath
having sole
power of representation
born:
01.10.1950
Profession: Businessman
Marital
status: unknown
1948 - 18.01.2000 Peter
Klöcker
Friedrichstr. 2
D 40699
Erkrath
Unregistered
commercial enterprise
18.01.2000 - 30.11.2004 PKA
Klöcker GmbH
Friedrichstr. 2
D 40699
Erkrath
Private
limited company
Main industrial sector
4616 Agents involved in the
sale of textiles, apparel, footwear and leatherware
Payment experience: within agreed
terms
Negative information:We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Friedrichstr.
2
D 40699
Erkrath
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, HILDEN
Sort. code: 30080000, BIC: DRESDEFF300
COMMERZBANK, DÜSSELDORF
Sort. code: 30040000, BIC: COBADEDDXXX
KREISSPARKASSE DÜSSELDORF, DÜSSELDORF
Sort. code: 30150200, BIC: WELADED1KSD
Profit: 2011 EUR 897,878.00
Ac/ts
receivable:
EUR 1,165,106.00
Liabilities: EUR 768,741.00
Employees:
14
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 [%]: 73.38
Liquidity
ratio: 1.02
Return
on total capital [%]: 21.56
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 82.24
Liquidity
ratio: 10.00
Return
on total capital [%]: 21.96
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 70.62
Liquidity
ratio: 10.00
Return
on total capital [%]: 15.41
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 63.83
Liquidity
ratio: 0.78
Return
on total capital [%]: 21.57
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 4,637,400.72
Fixed assets EUR 388,264.00
Intangible assets EUR 28,454.00
Other / unspecified intangible
assetsEUR 28,454.00
Tangible assets EUR 359,810.00
Other / unspecified tangible assets EUR
359,810.00
Current assets EUR 4,238,525.62
Stocks EUR 3,029,425.75
Accounts receivable EUR 1,165,106.27
Other debtors and assets EUR 1,165,106.27
Liquid means EUR 43,993.60
Remaining other assets EUR 10,611.10
Accruals (assets) EUR 10,611.10
LIABILITIES EUR 4,637,400.72
Shareholders' equity EUR 3,496,679.91
Capital EUR 60,000.00
Subscribed capital (share capital) EUR 60,000.00
Balance sheet profit/loss (+/-) EUR 3,436,679.91
Profit / loss brought forward EUR 2,538,801.89
Annual surplus / annual deficit EUR 897,878.02
Provisions EUR
371,980.00
Liabilities EUR 768,740.81
Other liabilities EUR 768,740.81
Unspecified other liabilities EUR 768,740.81
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 3,257,602.58
Fixed assets EUR 401,532.00
Intangible assets EUR 38,172.00
Other / unspecified intangible
assetsEUR 38,172.00
Tangible assets EUR 363,360.00
Other / unspecified tangible assets EUR
363,360.00
Current assets EUR
2,840,794.18
Stocks EUR 1,419,627.40
Accounts receivable EUR 661,862.42
Other debtors and assets EUR 661,862.42
Liquid means EUR 759,304.36
Remaining other assets EUR 15,276.40
Accruals (assets) EUR 15,276.40
LIABILITIES EUR 3,257,602.58
Shareholders' equity EUR 2,658,801.89
Capital EUR 60,000.00
Subscribed capital (share capital) EUR 60,000.00
Balance sheet profit/loss (+/-) EUR 2,598,801.89
Profit / loss brought forward EUR 1,887,556.30
Annual surplus / annual deficit EUR 711,245.59
Provisions EUR 261,923.00
Liabilities EUR 336,877.69
Other liabilities EUR 336,877.69
Unspecified other liabilities EUR 336,877.69
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.74 |
|
|
1 |
Rs.90.64 |
|
Euro |
1 |
Rs.77.02 |
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.