|
Report Date : |
31.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
NKT CABLES GMBH |
|
|
|
|
Registered Office : |
Helgoländer Damm 75, D 26954 Nordenham |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
1946 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture
of electric installation supplies ·
Wholesale
of other equipment and accessories for machinery and technical supplies |
|
|
|
|
No of Employees : |
211 |
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a
minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
NKT CABLES GMBH
Company Status: active
Helgoländer Damm 75
D 26954 Nordenham
Telephone:04731/364-1
Telefax: 04731/364288
Homepage: www.nktcables.com
E-mail: info.cable-accessories@nktcables.com
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 1946
Registered on: 28.07.1998
Commercial Register: Local court 26135 Oldenburg
under: HRB
100527
Share capital: EUR 2,530,000.00
Shareholder:
nkt
cables GmbH
Düsseldorfer Str. 400
D
51061 Köln
Legal
form: Private limited company
Share
capital: EUR 22,600,000.00
Share: EUR 2,530,000.00
Registered on: 25.01.1984
Reg.
data: 50939 Köln, HRB 14110
Manager:
Dr.
Konstantin Kurfiß
Forchenrainstr. 19
D
70839 Gerlingen
born: 22.11.1964
Manager:
Mehmet
Karabacak
D
26954 Nordenham
born:
15.03.1962
Proxy:
Klaus
Mintel
Rommerscheider Str. 41
D 51465 Bergisch Gladbach
authorized to jointly represent the company
born:
30.08.1956
Profession: Employee
Marital status: married
Proxy:
Stefan Lukoschek
D
26349 Jade
authorized to jointly represent the company
born:
08.03.1961
Proxy:
Bernd
Ahlert
D
48291 Telgte
authorized to jointly represent the
company
born:
21.05.1968
Proxy:
Jörg
Paul Grundmann
D
26160 Bad Zwischenahn
authorized to jointly represent the company
born: 09.04.1970
Further
functions/participations of Dr. Konstantin Kurfiß
(Manager)
Manager:
PFISTERER Handelsgesellschaft mbH
Rosenstr. 44
D
73650 Winterbach
Legal form: Private limited
company
dissolved
Share
capital: EUR 25,000.00
Registered
on: 24.05.2006
Reg. data:
70190 Stuttgart, HRB 282268
Further
functions/participations of Mehmet Karabacak (Manager)
Proxy:
nkt
cables GmbH
Düsseldorfer Str. 400
D
51061 Köln
Legal form: Private limited company
Share
capital: EUR 22,600,000.00
Registered
on: 25.01.1984
Reg.
data: 50939 Köln, HRB 14110
01.07.1990 -
28.07.1998 LEL Energie- und Lichttechnik
GmbH
Equipagenweg 19-27
D
04416 Markkleeberg
Private limited company
28.07.1998 -
01.09.1998 LEL Energie- und Lichttechnik
GmbH
Helgoländer Damm 75
D
26954 Nordenham
Private limited company
02.09.1998 -
25.08.2002 Felten & Giulleaume
Kabelgarnituren GmbH
Helgoländer Damm 75
D
26954 Nordenham
Private limited company
20.10.2006 -
01.07.2013 Manager
Gisbert Zimmer
D
53721 Siegburg
05.01.1999 -
17.04.2013 Manager
Manfred Kirsch
D
26954 Nordenham
07.03.2000 -
21.11.2012 Manager
Manfred Hook
D
51427 Bergisch Gladbach
Main industrial sector
27330 Manufacture of electric installation
supplies
46693 Wholesale of other
equipment and accessories for machinery and technical supplies
Branch:
nkt
cables GmbH
Tempelhofer Weg
D
10829 Berlin
Payment experience: within
agreed terms
Negative information:We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Helgoländer Damm 75
D
26954 Nordenham
Land register documents
were not available.
Principal bank
DANSKE BANK, 20010 HAMBURG
Sort. code: 20320500
BIC: DABADEHHXXX
Turnover: 2012 EUR 40,265,108.00
Profit: 2012 EUR 2,905,360.00
Equipment: EUR 2,041,964.00
Ac/ts receivable: EUR
2,955,236.00
Liabilities: EUR 7,386,255.00
Employees:
211
- thereof permanent
staff:
184
- Temporary workers: 27
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 41.14
Liquidity ratio: 0.84
Return on total capital
[%]: 16.33
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 37.66
Liquidity ratio: 0.69
Return on total capital
[%]: 18.83
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 32.30
Liquidity ratio: 0.70
Return on total capital
[%]: 19.47
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: 25.12
Liquidity ratio: 0.62
Return on total capital
[%]: 16.32
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 18,416,027.43
Fixed assets
EUR 8,568,349.45
Intangible assets
EUR 51,584.00
Concessions, licences, rights
EUR 51,584.00
Tangible assets
EUR 8,515,165.45
Land / similar rights
EUR 4,179,589.31
Plant / machinery
EUR 2,203,544.00
Other tangible assets / fixtures and
fittings
EUR 2,041,964.00
Advance payments made / construction
in progress
EUR 90,068.14
Financial assets
EUR 1,600.00
Other loans
EUR 1,600.00
Current assets
EUR 9,846,661.88
Stocks
EUR 6,885,732.88
Raw materials, consumables and
supplies EUR 3,427,332.89
Finished goods / work in progress
EUR 3,458,399.99
Accounts receivable
EUR 2,955,235.57
Trade debtors
EUR 2,425,878.20
Amounts due from related companies
EUR 222,909.09
Other debtors and assets
EUR 306,448.28
Liquid means
EUR 5,693.43
Remaining other assets
EUR 1,016.10
Accruals
(assets) EUR 1,016.10
LIABILITIES EUR 18,416,027.43
Shareholders' equity
EUR 3,697,040.59
Capital
EUR 2,530,000.00
Subscribed capital (share capital)
EUR 2,530,000.00
Reserves
EUR 1,167,040.59
Capital reserves
EUR 1,150,406.73
Retained earnings / revenue reserves EUR 16,633.86
Provisions
EUR 7,332,731.39
Pension provisions and comparable
provisions
EUR 4,372,304.00
Other / unspecified provisions
EUR 2,960,427.39
Liabilities
EUR 7,386,255.45
thereof total due to shareholders
EUR 3,879,643.19
Other liabilities
EUR 7,386,255.45
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,720,673.90
Liabililties due to related companiesEUR 4,356,921.96
Unspecified other liabilities
EUR 308,659.59
thereof liabilities from tax /
financial authorities
EUR 113,103.98
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 40,265,107.85
Inventory change + own costs (+/-)
EUR 342,123.60
Inventory change (+/-) EUR 181,863.68
Capitalised own costs
EUR 160,259.92
Other operating income
EUR 1,191,134.54
Cost of materials
EUR 20,070,615.13
Raw materials and supplies, purchased
goods
EUR 17,777,054.55
Purchased services
EUR 2,293,560.58
Gross result (+/-)
EUR 21,727,750.86
Staff
expenses EUR 11,272,488.95
Wages and salaries
EUR 9,313,841.99
Social security contributions and
expenses for pension plans and
benefits
EUR 1,958,646.96
Total depreciation
EUR 1,324,553.82
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,324,553.82
Other operating expenses EUR 5,729,483.08
Operating result from continuing
operations
EUR 3,401,225.01
Interest result (+/-)
EUR -364,895.13
Interest and similar expenses
EUR 364,895.13
thereof paid to related companies
EUR 83,327.83
Other financial result
EUR 133.56
Income from securities and loans from
financial assets
EUR 133.56
Financial result (+/-)
EUR -364,761.57
Result from ordinary operations (+/-)
EUR 3,036,463.44
Extraordinary expenses
EUR 102,458.00
Extraordinary result (+/-)
EUR -102,458.00
Expenses for transfer of profits to a
parent company
EUR 2,905,359.68
Other taxes / refund of taxes
EUR -28,645.76
Tax
(+/-)
EUR -28,645.76
Annual surplus / annual deficit
EUR 0.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 18,091,456.14
Fixed
assets EUR 8,878,417.35
Intangible assets
EUR 120,639.00
Concessions, licences, rights
EUR 120,639.00
Tangible assets
EUR 8,754,843.35
Land / similar rights
EUR 136,994.31
Plant / machinery
EUR 2,264,037.00
Other tangible assets / fixtures and
fittings
EUR 2,073,943.00
Advance
payments made / construction
in progress
EUR 4,279,869.04
Financial assets
EUR 2,935.00
Other loans
EUR 2,935.00
Current assets EUR 9,212,125.74
Stocks
EUR 6,277,268.03
Raw materials, consumables and
supplies
EUR 3,000,731.72
Finished goods / work in progress EUR
3,276,536.31
Accounts receivable
EUR 2,932,593.30
Trade debtors
EUR 2,417,227.89
Amounts due from related companies
EUR 457,055.21
Other debtors and assets
EUR 58,310.20
Liquid means
EUR 2,264.41
Remaining other assets
EUR 913.05
Accruals (assets)
EUR 913.05
LIABILITIES EUR 18,091,456.14
Shareholders' equity
EUR 3,697,040.59
Capital
EUR 2,530,000.00
Subscribed capital (share capital)
EUR 2,530,000.00
Reserves EUR 1,167,040.59
Capital reserves
EUR 1,150,406.73
Retained earnings / revenue reserves EUR 16,633.86
Provisions
EUR 6,994,437.00
Pension provisions and comparable
provisions
EUR 3,989,501.00
Other / unspecified provisions
EUR 3,004,936.00
Liabilities
EUR 7,399,978.55
thereof total due to shareholders
EUR 3,116,682.40
Other liabilities
EUR 7,399,978.55
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,902,128.34
Liabililties due to related companiesEUR 4,090,631.69
Unspecified other liabilities
EUR 407,218.52
thereof liabilities from tax /
financial authorities
EUR 98,127.14
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 40,459,811.40
Inventory change + own costs (+/-)
EUR -573,510.53
Inventory change (+/-)
EUR -685,236.43
Capitalised
own costs EUR 111,725.90
Other operating income
EUR 1,097,314.83
Cost of materials
EUR 19,694,390.64
Raw materials and supplies, purchased
goods EUR 17,747,122.84
Purchased services
EUR 1,947,267.80
Gross result (+/-)
EUR 21,289,225.06
Staff expenses
EUR 10,248,738.18
Wages
and salaries EUR 8,609,604.89
Social security contributions and
expenses for pension plans and
benefits
EUR 1,639,133.29
Total depreciation
EUR 1,255,050.32
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,255,050.32
Other operating expenses
EUR 5,985,755.30
Operating result from continuing
operations
EUR 3,799,681.26
Interest result (+/-)
EUR -364,655.78
Interest and similar income
EUR 0.00
thereof from related companies
EUR 0.00
Interest and similar expenses
EUR 364,655.78
thereof paid to related companies
EUR 100,343.19
Other financial result
EUR 273.44
Income from securities and loans from
financial assets
EUR 273.44
Financial result (+/-)
EUR -364,382.34
Result from ordinary operations (+/-)
EUR 3,435,298.92
Extraordinary expenses
EUR 102,458.00
Extraordinary result (+/-)
EUR -102,458.00
Expenses for transfer of profits to a
parent company
EUR 3,304,176.16
Other taxes / refund of taxes
EUR -28,664.76
Tax (+/-) EUR -28,664.76
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
|
|
1 |
Rs.100.35 |
|
Euro |
1 |
Rs.79.86 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.