|
Report Date : |
24.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
TWK-ELEKTRONIK
GMBH |
|
|
|
|
Registered Office : |
Heinrichstr.
85, D 40239 Düsseldorf, Post Box: 10 50 63, D 40041 Düsseldorf |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
1962 |
|
|
|
|
Com. Reg. No.: |
HRB 2090 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
35 |
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 : |
Satisfactory |
|
|
|
|
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 |
TWK-ELEKTRONIK GMBH
Company Status: active
Heinrichstr. 85
D 40239 Düsseldorf
Post Box:
10 50 63, D
40041 Düsseldorf
Telephone:0211/632067
Telefax: 0211/637705
Homepage: www.twk.de
E-mail: info@twk.de
VAT no.: DE119359079
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1962
Shareholders'
agreement: 20.10.1976
Registered on: 20.12.1976
Commercial Register: Local court 40227 Düsseldorf
under: HRB 2090
Share capital: EUR 153,387.56
Shareholder:
HWS Vermögensverwaltungs-AG
Wiesenweg 14
D 65812 Bad Soden
Legal form: Public
limited company
Share capital: EUR 51,129.19
Share: EUR 153,387.56
Registered on: 12.12.1997
Reg. data: 61462
Königstein, HRB 4709
Control and profit
transfer agreement
Manager:
Johannes W. Steinebach
Kronberger Str. 20
D 65812 Bad Soden
having sole power of
representation
Profession: graduate
engineer
Marital status: unknown
Manager:
Dr. Felix
Steinebach
D 65812 Bad Soden
born: 27.09.1983
Marital status: unknown
Manager:
Dr. Hannwelm Steinebach
D 40239 Düsseldorf
born: 06.05.1980
Further
functions/participations of Johannes W. Steinebach
(Manager)
Member of
the Board of Directors:
HWS
Vermögensverwaltungs-AG
Wiesenweg 14
D 65812 Bad Soden
Legal form: Public
limited company
Share capital: EUR 51,129.19
Registered
on: 12.12.1997
Reg. data: 61462 Königstein, HRB 4709
1962 - 20.12.1976 Theo W. Kessler
D 40210 Düsseldorf
Unregistered commercial enterprise
Main
industrial sector
2732 Manufacture
of other electronic and electric wiring devices and cables
4643
Wholesale of electrical household appliances and radio and television
goods
47540
Retail sale of electrical household appliances
Shareholder:
TWK-Sensorik GmbH
Flerrentwiete 28
D 22880 Wedel
Legal form: Private
limited company
Company Status: active
Share capital: EUR
255,645.95
Share: EUR 191,734.46
Reg. data: 07.08.1979
Local court
25421 Pinneberg
HRB 1046 PI
Shareholder:
TWK-CONSULT GmbH
Heinrichstr. 83-85
D 40239 Düsseldorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 500.00
Reg. data: 09.10.2002
Local court
40227 Düsseldorf
HRB 44719
Payment experience: within agreed
terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Heinrichstr.
85
D
40239 Düsseldorf
Land register documents were not available.
Principal
bank
COMMERZBANK VORMALS DRESDNER BANK, DÜSSELDORF
Sort. code: 30080000, Account no.: 0462143800,
BIC: DRESDEFF300
Further bank
POSTBANK, ESSEN, RUHR
Sort.
code: 36010043, BIC: PBNKDEFF360
Turnover:
2011 EUR 9,080,000.00
2012 EUR 8,800,000.00
further business figures:
Equipment: *EUR 262,500.00
Ac/ts receivable: EUR 1,804,973.00
Liabilities: EUR 326,578.00
Total numbers of vehicles: 3
Employees: 35
Control and profit transfer agreement to:
HWS
Vermögensverwaltungs-AG
Wiesenweg
14
D 65812
Bad Soden
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 46.72
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 44.35
Liquidity
ratio: 10.00
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 40.00
Liquidity ratio: 3.75
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 44.16
Liquidity ratio: 5.89
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.
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 2,808,755.59
Fixed assets
EUR 12,741.00
Tangible assets
EUR 12,241.00
Other / unspecified tangible assets
EUR 12,241.00
Financial assets
EUR 500.00
Other / unspecified financial assets EUR 500.00
Current assets EUR 2,796,014.59
Stocks
EUR 814,587.70
Accounts receivable
EUR 1,804,973.37
Other debtors and assets
EUR 1,804,973.37
Liquid means EUR 176,453.52
LIABILITIES EUR 2,808,755.59
Shareholders' equity
EUR 1,312,304.30
Capital
EUR 153,387.56
Subscribed
capital (share capital) EUR 153,387.56
Balance sheet profit/loss (+/-)
EUR 1,158,916.74
Balance sheet profit / loss
EUR 1,158,916.74
Provisions
EUR 1,169,873.00
Liabilities
EUR 326,578.29
Other liabilities
EUR 326,578.29
Unspecified other liabilities
EUR 326,578.29
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 2,959,106.37
Fixed assets
EUR 15,271.00
Tangible assets
EUR 14,771.00
Other / unspecified tangible assets
EUR 14,771.00
Financial assets
EUR 500.00
Other / unspecified financial assets EUR 500.00
Current assets
EUR 2,943,835.37
Stocks
EUR 784,693.68
Accounts receivable
EUR 1,721,008.25
Other debtors and assets
EUR 1,721,008.25
Liquid means EUR 438,133.44
LIABILITIES EUR 2,959,106.37
Shareholders' equity
EUR 1,312,304.30
Capital
EUR 153,387.56
Subscribed capital (share capital)
EUR 153,387.56
Balance sheet profit/loss (+/-)
EUR 1,158,916.74
Balance sheet profit / loss
EUR 1,158,916.74
Provisions
EUR 1,254,571.00
Liabilities
EUR 392,231.07
Other liabilities
EUR 392,231.07
Unspecified other liabilities
EUR 392,231.07
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.53 |
|
|
1 |
Rs.99.75 |
|
Euro |
1 |
Rs.84.75 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.