|
Report Date : |
11.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
KIRCHNER,
FISCHER & CO. GMBH |
|
|
|
|
Registered Office : |
Daimlerstr.
13 D 25337 Elmshorn |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
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|
|
|
Date of Incorporation : |
02.09.1977 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Wholesale
of coffee, tea, cocoa and spices |
|
|
|
|
No. of Employees |
11 |
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.
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, 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 |
KIRCHNER, FISCHER & CO. GMBH
Company Status: active
Daimlerstr. 13
D 25337 Elmshorn
Telephone:04121/7787-0
Telefax: 04121/787480
Homepage: www.kirchner-fischer.de
E-mail: info@kirchner-fischer.de
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 02.09.1977
Begin of business
activities: 02.09.1977
Shareholders'
agreement: 02.09.1977
Registered on: 31.05.1999
Commercial Register: Local court 25421
Pinneberg
under: HRB 1868 EL
Share capital: EUR 1,000,000.00
Shareholder:
Jens von Riegen GmbH
& Co KG
Daimlerstr. 13
D 25337 Elmshorn
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 1,000.00
contribution:
Share: EUR 1,000,000.00
Registered on: 27.10.2011
Reg. data: 25421
Pinneberg, HRA 6527 PI
Manager:
Hans Walter von Riegen
Osterjork 79 a
D 21635 Jork
having sole power of
representation
born: 05.10.1935
Profession: Businessman
Marital status: married
Manager:
Jens von Riegen
D 25335 Elmshorn
having sole power of
representation
born: 22.04.1964
Profession: Businessman
Proxy:
Dr. Bernd Friedrich
D 20095 Hamburg
Proxy:
Martin Weber
D 25494
Borstel-Hohenraden
authorized to jointly represent
the company
born: 06.02.1959
Profession: Industrial
manager
Marital status: unknown
Proxy:
Iris Hoppe
D 25489 Haseldorf
authorized to jointly represent the
company
born: 06.10.1965
née: Plüschau
Proxy:
Catharina Cornelia
Richter
D 20095 Hamburg
authorized to jointly
represent the company
born: 04.06.1979
Further functions/participations of Hans
Walter von Riegen
(Manager)
Manager:
Contina Food GmbH
Daimlerstr. 13
D 25337 Elmshorn
Legal form: Private
limited company
Share capital: EUR 102,500.00
Registered
on: 08.07.1999
Reg. data: 25421 Pinneberg, HRB 1875 EL
Further functions/participations of Jens von
Riegen (Manager)
Limited partner:
Jens von Riegen GmbH
& Co KG
Daimlerstr. 13
D 25337 Elmshorn
Legal form: Ltd partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Registered
on: 27.10.2011
Reg. data: 25421 Pinneberg, HRA 6527 PI
Manager:
Contina Food GmbH
Daimlerstr. 13
D 25337 Elmshorn
Legal form: Private
limited company
Share capital: EUR 102,500.00
Registered
on: 08.07.1999
Reg. data:
25421 Pinneberg, HRB 1875 EL
Manager:
Mount Everest Tea Company
GmbH
Daimlerstr. 13
D 25337 Elmshorn
Legal form: Private
limited company
Share capital: EUR 153,387.56
Registered
on: 22.04.1999
Reg. data: 25421 Pinneberg, HRB 1859 EL
Manager:
WEFRO
Teehandelsgesellschaft mbH
Daimlerstr. 15
D 25337 Elmshorn
Legal form: Private
limited company
dissolved
Share capital: EUR 51,200.00
Registered
on: 19.04.1999
Reg. data: 25421 Pinneberg, HRB 1858 EL
Manager:
TOMO Verwaltung GmbH
Daimlerstr. 13
D 25337 Elmshorn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 20.09.2002
Reg. data: 25421 Pinneberg, HRB 2226 EL
02.09.1977 - 04.02.1999 Kirchner, Fischer & Co. GmbH
Neuer Wandrahm 1
D 20457 Hamburg
Private limited
company
Main industrial sector
46370
Wholesale of coffee, tea, cocoa and spices
Shareholder:
Mount Everest Tea Company
GmbH
Daimlerstr. 13
D 25337 Elmshorn
Legal form: Private limited company
Company Status: active
Share capital: EUR 153,387.56
Share: EUR 153,387.56
Reg. data: 22.04.1999
Local court
25421 Pinneberg
HRB 1859 EL
Shareholder:
Contina Food GmbH
Daimlerstr. 13
D 25337 Elmshorn
Legal form: Private limited company
Company Status: active
Share capital: EUR 102,500.00
Share: EUR 102,500.00
Reg. data: 08.07.1999
Local court
25421 Pinneberg
HRB 1875 EL
Shareholder:
WEFRO
Teehandelsgesellschaft mbH
Daimlerstr. 15
D 25337 Elmshorn
Legal form: Private
limited company
Company Status: dissolved
since: 20.07.2007
Share capital: EUR 51,200.00
Share: EUR 51,200.00
Reg. data: 19.04.1999
Local court
25421 Pinneberg
HRB 1858 EL
Payment
experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Daimlerstr. 13
D 25337 Elmshorn
Land register documents were not available.
HSH NORDBANK HAMBURG, 20079 HAMBURG
Sort. code: 20050000
BIC: HSHNDEHH200
UNICREDIT BANK - HYPOVEREINSBANK, 25335
ELMSHORN
Sort. code: 20030000
BIC: HYVEDEMM300
Turnover: 2012 *EUR 2,915,000.00
2013 *EUR 2,915,000.00
further business figures:
Equipment: EUR 223,757.00
Ac/ts receivable: EUR 1,412,809.00
Liabilities: EUR 2,052,308.00
Employees:
11
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 58.40
Liquidity ratio: 0.51
Return on total capital [%]: 7.93
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 53.21
Liquidity ratio: 0.57
Return on total capital [%]: -9.93
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 61.86
Liquidity ratio: 1.05
Return on total capital [%]: 12.81
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 65.01
Liquidity ratio: 1.32
Return on total capital [%]: 12.41
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 5,633,236.44
Fixed assets EUR 818,849.21
Intangible assets EUR 9,638.08
Tangible assets EUR 702,834.92
Plant / machinery EUR 479,078.41
Other tangible assets /
fixtures and
fittings EUR 223,756.51
Financial assets EUR 106,376.21
Shares in participations
/
subsidiaries and the
like EUR 106,376.21
Current assets EUR 4,802,806.21
Stocks EUR 2,962,159.38
Raw materials,
consumables and
supplies EUR 582,179.10
Finished goods / work in
progress EUR 570,172.74
Advance payments
made EUR 8,424.99
Other / unspecified
stocks EUR 1,801,382.55
Accounts receivable EUR 1,412,808.90
Amounts due from
shareholders EUR 585,211.59
Trade debtors EUR 537,922.05
Amounts due from related
companies EUR 172,546.07
Other debtors and
assets EUR 117,129.19
Liquid means EUR 427,837.93
Remaining other
assets EUR 11,581.02
Accruals (assets) EUR 11,581.02
LIABILITIES EUR 5,633,236.44
Shareholders' equity EUR 3,535,289.40
Capital EUR
1,000,000.00
Subscribed capital
(share capital) EUR 1,000,000.00
Reserves EUR 1,400,000.00
Capital reserves EUR 636,071.68
Retained earnings / revenue
reserves EUR 763,928.32
Balance sheet profit/loss
(+/-) EUR 1,135,289.40
Balance sheet profit /
loss EUR 1,135,289.40
Provisions EUR 45,638.64
Provisions for taxes EUR 8,838.64
Other / unspecified
provisions EUR 36,800.00
Liabilities EUR 2,052,308.40
Financial debts EUR 1,875,000.00
Liabilities due to banks EUR 1,875,000.00
Other liabilities EUR 177,308.40
Trade creditors (for IAS
incl. bills
of exchange) EUR 58,965.74
Liabilities from
received advance
payments EUR 59,047.35
Liabililties due to
related companiesEUR
45,032.15
Unspecified other
liabilities EUR 14,263.16
thereof liabilities
from tax /
financial
authorities EUR 8,669.30
thereof liabilities
from social
security EUR 1,947.21
Guarantees and other
commitments EUR 500,000.00
Guarantees /
warranties EUR 500,000.00
TYPE OF BALANCE SHEET: COMPANY
BALANCE SHEET
FINANCIAL YEAR: 01.01.2011
- 31.12.2011
ASSETS EUR 5,915,862.53
Fixed assets EUR 864,884.52
Intangible assets EUR 10,973.29
Other / unspecified
intangible assetsEUR
10,973.29
Tangible assets EUR 747,535.02
Other / unspecified
tangible assets EUR 747,535.02
Financial assets EUR 106,376.21
Other / unspecified
financial assets EUR
106,376.21
Current assets EUR 5,041,173.83
Stocks EUR 3,014,383.08
Accounts receivable EUR 757,571.30
Other debtors and
assets EUR 757,571.30
Liquid means EUR 1,269,219.45
Remaining other
assets EUR 9,804.18
Accruals (assets) EUR 9,804.18
LIABILITIES EUR 5,915,862.53
Shareholders' equity EUR 3,150,122.72
Capital EUR 1,000,000.00
Subscribed capital
(share capital) EUR 1,000,000.00
Reserves EUR 1,400,000.00
Capital reserves EUR 636,071.68
Retained earnings /
revenue reserves EUR
763,928.32
Balance sheet profit/loss
(+/-) EUR 750,122.72
Balance sheet profit /
loss EUR 750,122.72
Provisions EUR 155,721.72
Liabilities EUR 2,608,877.31
Other liabilities EUR 2,608,877.31
Unspecified other
liabilities EUR 2,608,877.31
Other liabilities EUR 1,140.78
Deferrals
(liabilities) EUR 1,140.78
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.26 |
|
|
1 |
Rs.99.63 |
|
Euro |
1 |
Rs.80.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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|
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.