|
Report Date : |
14.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
KIK
TEXTILIEN UND NON-FOOD GMBH |
|
|
|
|
Registered Office : |
Siemensstr.
21 D 59199 Bönen Post Box: 12 04 33,
Dortmund |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
24.09.2001 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Wholesale
of textiles |
|
|
|
|
No. of Employees : |
17,613 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
KIK TEXTILIEN UND NON-FOOD GMBH
Company Status: active
Siemensstr. 21
D 59199 Bönen
Post Box:
12 04 33, Dortmund
Telephone:02383/954-0
Telefax: 02383/954-130
Homepage: www.kik-textilien.com
E-mail: info@kik-textilien.de
VAT no.: DE811671397
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 25.04.1994
Begin of business
activities: 25.04.1994
Shareholders'
agreement: 25.04.1994
Registered on: 24.09.2001
Commercial Register: Local court 59065 Hamm
under: HRB
4085
Share capital: EUR 15,338,756.44
Shareholder:
Tengelmann International
Gesellschaft mit
beschränkter Haftung
Wissollstr. 5-43
D 45478 Mülheim
Legal form: Private
limited company
Share capital: EUR 400,000.00
Share: EUR 12,809,395.50
Registered on: 17.01.2000
Reg. data: 47051
Duisburg, HRB 14461
Profit transfer agreement
Shareholder:
H. H. Holding GmbH
Edisonstr. 1
D 59199 Bönen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 2,300,813.47
Registered on: 20.09.2011
Reg. data: 59065 Hamm,
HRB 7285
Shareholder:
Heinz Speet
Bawinkeler Str. 7
D 49838 Gersten
born: 02.11.1958
Share: EUR 151,853.69
Shareholder:
Hans-Dieter Schindel
Mengeweg 29
D 59494 Soest
born: 11.03.1964
Share: EUR 76,693.78
President of the Board of Management:
Heinz Speet
Bawinkeler Str. 7
D 49838 Gersten
having sole power of
representation
born: 02.11.1958
Marital status: married
Manager:
Rainer Kanbach
D 48143 Münster
born: 07.07.1960
Profession: Businessman
Manager:
Dr. Michael Arretz
D 22179 Hamburg
born: 08.10.1960
Profession: Businessman
Manager:
Burkhard Schültken
D 59199 Bönen
born: 21.11.1963
Marital status: unknown
Manager:
Mechthild Gottkehaskamp
D 48153 Münster
born: 07.10.1963
Profession: Businessman
Marital status: unknown
Manager:
Darius Kauthe
D 48143 Münster
born: 06.01.1968
Manager:
Patrick Zahn
D 50667 Köln
born: 21.08.1976
Proxy:
Mike Adams
D 59199 Bönen
authorized to jointly
represent the company
born: 27.10.1969
Proxy:
Jörg Blöß
D 44623 Herne
authorized to jointly
represent the company
born: 26.05.1966
Proxy:
Stefanie Artmann
D 46459 Rees
authorized to jointly
represent the company
born: 01.12.1970
Further functions/participations of Heinz
Speet (President of the
Board of Management)
Limited partner:
MEDITOR
Grundstücksverwaltungsgesellschaft
mbH & Co. KG
Lähdener Str. 16
D 49740 Haselünne
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 200,000.00
contribution:
Share: EUR 50,000.00
Registered
on: 27.12.2005
Reg. data: 49074 Osnabrück, HRA 121682
Limited partner:
MEP GmbH & Co. KG
Mahle 6
D 49774 Lähden
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 3,000.00
contribution:
Share: EUR 1,000.00
Registered
on: 01.09.2009
Reg. data: 49074 Osnabrück, HRA 201698
Shareholder:
Woolworth GmbH
Formerstr. 6
D 59425 Unna
Legal form: Private
limited company
Share capital: EUR
25,000,000.00
Share: EUR 1,500,000.00
Registered
on: 07.06.2010
Reg. data: 59065 Hamm, HRB 6863
Shareholder:
HuS Holding GmbH
Alte Dorfstr. 15
D 49740 Haselünne
Legal form: Private
limited company
Share capital: EUR 2,005,000.00
Share: EUR 705,000.00
Registered
on: 07.01.2013
Reg. data: 49074 Osnabrück, HRB 206923
Shareholder:
H. H. Immobilienverwaltungs
GmbH
Edisonstr. 1
D 59199 Bönen
Legal form: Private
limited company
Share capital: EUR 2,000,000.00
Share: EUR 100,000.00
Registered
on: 26.06.2012
Reg. data: 59065 Hamm, HRB 7539
Shareholder:
MEP
Verwaltungsgesellschaft mbH
Mahle 6
D 49774 Lähden
Legal form: Private
limited company
Share capital: EUR 45,000.00
Share: EUR 8,500.00
Registered
on: 10.08.2009
Reg. data: 49074 Osnabrück, HRB 203326
Shareholder:
MEDITOR Verwaltungs- und
Beteiligungsgesellschaft
mbH
Lähdener Str. 16
D 49740 Haselünne
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on: 06.12.2005
Reg. data: 49074 Osnabrück, HRB 122392
Further functions/participations of Rainer
Kanbach (Manager)
Proxy:
TAKKO Holding GmbH
Alfred-Krupp-Str. 21
D 48291 Telgte
Legal form: Private
limited company
Share capital: EUR
14,600,000.00
Registered
on: 11.04.2000
Reg. data: 48149 Münster, HRB 8939
Proxy:
TK International
Einkaufsgesellschaft mbH
Peter-Geibel-Str. 8a
D 61381 Friedrichsdorf
Legal form: Private
limited company
dissolved
Share capital: EUR 100,000.00
Registered
on: 20.01.2005
Reg. data: 61352 Bad Homburg, HRB 9835
Further functions/participations of Burkhard
Schültken (Manager)
Manager:
KiK Logistik I GmbH
Siemensstr. 21
D 59199 Bönen
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 07.11.2000
Reg. data: 59065 Hamm, HRB 4226
Further functions/participations of Darius
Kauthe (Manager)
Manager:
KiK24 e-Commerce GmbH
Siemensstr. 21
D 59199 Bönen
Legal form: Private
limited company
Share capital: EUR
2,500,000.00
Registered
on: 11.06.2012
Reg. data: 59065 Hamm, HRB 7516
25.04.1994 - 10.05.1994 KiK Textilien und Nonfood GmbH
Alfred-Krupp-Str. 21
D 48291 Telgte
Private limited
company
10.05.1994 - 17.11.1994 Kik Textilien und Non-Food GmbH
Stehfenstr. 8
D 59439 Holzwickede
Private limited
company
17.11.1994 - 31.07.2001 Kik Textilien und Non-Food GmbH
Heßlingsweg 44
D 44309 Dortmund
Private limited
company
05.11.2010 - 18.06.2012 Manager
Ralph-Steffen
Rosenbauer
D 95463 Bindlach
28.03.2007 - 24.02.2012 President of the Board of Management
Jost Stefan Heinig
D 59199 Bönen
Main industrial sector
4641
Wholesale of textiles
47710 Retail sale of clothing
Shareholder:
KiK24 e-Commerce GmbH
Siemensstr. 21
D 59199 Bönen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 2,500,000.00
Share: EUR 2,425,000.00
Reg. data: 11.06.2012
Local court
59065 Hamm
HRB 7516
Shareholder:
KiK Logistik I GmbH
Siemensstr. 21
D 59199 Bönen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 50,000.00
Reg. data: 07.11.2000
Local court
59065 Hamm
HRB 4226
Payment
experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Siemensstr.
21
D 59199 Bönen
Land register documents were not available.
Principal bank
COMMERZBANK, DORTMUND
Sort. code: 44040037, Account no.: 340022300,
BIC: COBADEFF440
Financial year: 01.01.
- 31.12.
Turnover: 2012 EUR 1,380,700,000.00
2013 EUR 1,400,000,000.00
further business figures:
Share capital: EUR
15,338,756.44
Equipment: *EUR 140,904,000.00
Ac/ts receivable: *EUR
554,809,500.00
Liabilities: *EUR 907,069,500.00
Total numbers of vehicles: 350
- Passenger cars: 350
Employees: 17,613
Profit transfer agreement to:
Tengelmann International
Gesellschaft mit
beschränkter Haftung
Wissollstr. 5-43
D 45478 Mülheim
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
|
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.84.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.