|
Report Date : |
13.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
DRAKA
KABELTECHNIK GMBH |
|
|
|
|
Registered Office : |
Dickestr.
23 D 42369 Wuppertal |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
31.01.2002 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
27 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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, 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 |
DRAKA KABELTECHNIK GMBH
Company Status: active
Dickestr. 23
D 42369 Wuppertal
Telephone:0202/2960
Telefax: 0202/2962000
Homepage: www.draka.com
E-mail: info.DKT@draka.com
VAT no.: DE199573508
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 31.01.2002
Shareholders'
agreement: 31.01.2002
Registered on: 21.05.2010
Commercial Register: Local court 42103 Wuppertal
under: HRB
22781
Share capital: EUR 25,000.00
Shareholder:
Draka Cable Wuppertal
GmbH
Dickestr. 23
D 42369 Wuppertal
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered on: 22.03.2004
Reg. data: 42103 Wuppertal,
HRB 16860
Profit transfer agreement
Manager:
John Llyr Lewis Roberts
GB Blackpill Swansea SA3 5BL
having sole power of
representation
born: 13.07.1964
Nationality: British
Proxy:
Hans-Uwe Koch
D 26506 Norden
authorized to jointly
represent the company
born: 04.12.1964
Proxy:
Ibrahim Bayram
D 10115 Berlin
authorized to jointly
represent the company
born: 28.09.1972
Further functions/participations of John Llyr
Lewis Roberts
(Manager)
Manager:
Draka Deutschland
Verwaltungs GmbH
Dickestr. 23
D 42369 Wuppertal
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 15.11.1967
Reg. data: 42103 Wuppertal, HRB 3529
Manager:
Kaiser Kabel GmbH
Dickestr. 23
D 42369 Wuppertal
Legal form: Private
limited company
Share capital: EUR 4,601,626.93
Registered
on: 12.11.2001
Reg. data: 42103 Wuppertal, HRB 10560
Manager:
Höhn GmbH
Dickestr. 23
D 42369 Wuppertal
Legal form: Private
limited company
Share capital: EUR 511,291.88
Registered
on: 05.09.1995
Reg. data: 42103 Wuppertal, HRB 8703
Manager:
Draka Comteq Germany Verwaltungs
GmbH
Piccoloministr. 2
D 51063 Köln
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 16.02.2005
Reg. data: 50939 Köln, HRB 54736
Manager:
Draka Deutschland Zweite
Beteiligungs-GmbH
Dickestr. 23
D 42369 Wuppertal
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 23.04.2004
Reg. data: 42103 Wuppertal, HRB 16925
Manager:
NKF HOLDING (Deutschland)
GmbH
Dickestr. 23
D 42369 Wuppertal
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 14.06.2005
Reg. data: 42103 Wuppertal, HRB 19168
Manager:
Prysmian Kabel und
Systeme GmbH
Alt-Moabit 91d
D 10559 Berlin
Legal form: Private
limited company
Share capital: EUR
15,000,000.00
Registered
on: 03.02.1999
Reg. data: 14057 Berlin, HRB 69779 B
Manager:
Draka Deutschland GmbH
Dickestr. 23
D 42369 Wuppertal
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 23.08.2000
Reg. data: 42103 Wuppertal, HRB 10215
Manager:
Draka Service GmbH
Wohlauer Str. 15
D 90475 Nürnberg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 14.07.2005
Reg. data: 90402 Nürnberg, HRB 21939
Manager:
Draka Cable Wuppertal
GmbH
Dickestr. 23
D 42369 Wuppertal
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 22.03.2004
Reg. data: 42103 Wuppertal, HRB 16860
Manager:
Prysmian Unterstützungseinrichtung
Lynen
GmbH
Dürener Str. 340
D 52249 Eschweiler
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 14.06.2002
Reg. data: 52070 Aachen, HRB 11601
Manager:
Draka Deutschland Erste
Beteiligungs-GmbH
Dickestr. 23
D 42369 Wuppertal
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 18.03.2004
Reg. data: 42103 Wuppertal, HRB 16851
Liquidator:
usb-elektro
Kabelkonfektions GmbH
Dickestr. 23
D 42369 Wuppertal
Legal form: Private
limited company in
liquidation
Share capital: EUR 1,406,052.67
Registered
on: 13.01.1981
Reg. data: 56068 Koblenz, HRB 1977
Liquidator:
Kaiser Kabel Vertriebs-GmbH
Dickestr. 23
D 42369 Wuppertal
Legal form: Private
limited company in
liquidation
Share capital: EUR 25,100.00
Registered
on: 09.11.2001
Reg. data: 42103 Wuppertal, HRB 10558
26.03.2002 - 10.10.2006 Cornelia Thies Kabeltechnik GmbH
Krimmstr. 19
D 45276 Essen
Private limited
company
10.10.2006 - 15.08.2008 Draka Kabeltechnik GmbH (bis 15.08.2008)
Krimmstr. 19
D 45276 Essen
Private limited
company
15.08.2008 - 21.05.2010 Draka Kabeltechnik GmbH (bis 21.05.2010)
Am Förderturm 10a
D 45472 Mülheim
Private limited
company
09.03.2012 - 13.03.2014 Manager
Hendricus Christiaan
Nieman
D 10115 Berlin
21.12.2010 - 27.02.2012 Manager
Christian Heuermann
D 40472 Ratingen
Main industrial sector
46149
Agents involved in the sale of electrotechnical and electronical
products n.e.c.
46520 Wholesale of electronic and
telecommunications equipment and parts
Branch:
Draka Kabeltechnik GmbH
Industriestr. 33
D 24536 Neumünster
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Dickestr.
23
D 42369 Wuppertal
Real Estate of: Draka
Cable Wuppertal GmbH
Type of ownership: Tenant
Address Dickestr.
23
D 42369 Wuppertal
Land register documents were not available.
Principal bank
SPARKASSE ESSEN, 45117 ESSEN, RUHR
Sort. code: 36050105, Account no.: 25012
BIC: SPESDE3EXXX
Turnover: 2012 EUR 30,169,508.00
Profit: 2012 EUR 2,484,808.00
Equipment: EUR 96,722.00
Ac/ts receivable: EUR 7,423,458.00
Liabilities: EUR 7,822,453.00
Employees:
27
- Trainees:
1
Profit transfer agreement to:
Draka Cable Wuppertal
GmbH
Dickestr. 23
D 42369 Wuppertal
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 82.78
Liquidity ratio: 5.85
Return on total capital
[%]: 28.39
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 78.55
Liquidity ratio: 5.12
Return on total capital
[%]: 12.10
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 70.11
Liquidity ratio: 3.14
Return on total capital
[%]: 3.31
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: 71.21
Liquidity ratio: 3.28
Return on total capital
[%]: 11.67
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 8,751,173.26
Fixed assets EUR 184,295.83
Intangible assets EUR 1,360.00
Concessions, licences,
rights EUR 1,360.00
Tangible assets EUR 182,935.83
Plant / machinery EUR 86,213.86
Other tangible assets /
fixtures and
fittings EUR 96,721.97
Current assets EUR 8,566,877.43
Stocks EUR 1,143,000.00
Raw materials,
consumables and
supplies EUR 1,056,000.00
Finished goods / work in
progress EUR 87,000.00
Accounts receivable EUR 7,423,458.22
Trade debtors EUR 4,447,874.52
Amounts due from related
companies EUR 2,965,034.17
Other debtors and
assets EUR 10,549.53
Liquid means EUR 419.21
LIABILITIES EUR 8,751,173.26
Shareholders' equity EUR 692,023.14
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR
25,000.00
Balance sheet profit/loss
(+/-) EUR 667,023.14
Profit / loss brought
forward EUR 667,023.14
Provisions EUR 236,697.25
Other / unspecified provisions EUR 236,697.25
Liabilities EUR 7,822,452.87
Other liabilities EUR 7,822,452.87
Trade creditors (for IAS
incl. bills
of exchange) EUR 698,301.86
Liabililties due to
related companiesEUR
7,059,553.91
Unspecified other
liabilities EUR 64,597.10
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 30,169,508.27
Inventory change + own
costs (+/-) EUR -302,305.85
Inventory change
(+/-) EUR -302,305.85
Other operating
income EUR 417,835.46
Cost of materials EUR 24,961,437.82
Raw materials and
supplies, purchased
goods EUR 24,850,288.53
Purchased services EUR 111,149.29
Gross result (+/-) EUR 5,323,600.06
Staff expenses EUR 1,081,121.93
Wages and salaries EUR 915,146.08
Social security
contributions and
expenses for pension
plans and
benefits EUR 165,975.85
Total depreciation EUR 53,315.00
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 53,315.00
Other operating
expenses EUR 1,695,218.57
Operating result from
continuing
operations EUR 2,493,944.56
Interest result (+/-) EUR 3,156.19
Interest and similar
income EUR 14,646.79
Interest and similar
expenses EUR 11,490.60
Financial result
(+/-) EUR 3,156.19
Result from ordinary
operations (+/-) EUR 2,497,100.75
Expenses for transfer of
profits to a
parent company EUR 2,484,807.75
Other taxes / refund of
taxes EUR -12,293.00
Tax (+/-) EUR -12,293.00
Annual surplus / annual
deficit EUR 0.00
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 4,810,706.57
Fixed assets EUR 220,641.00
Intangible assets EUR 2,615.00
Concessions, licences,
rights EUR 2,615.00
Tangible assets EUR 218,026.00
Plant / machinery EUR 102,741.00
Other tangible assets /
fixtures and
fittings EUR 115,285.00
Current assets EUR 4,590,065.57
Stocks EUR 1,357,593.89
Raw materials,
consumables and
supplies EUR 968,288.04
Finished goods / work in
progress EUR 389,305.85
Accounts receivable EUR 3,016,677.14
Trade debtors EUR 2,732,203.74
Amounts due from related
companies EUR 186,691.87
Other debtors and
assets EUR 97,781.53
Liquid means EUR 215,794.54
LIABILITIES EUR 4,810,706.57
Shareholders' equity EUR 692,023.14
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 667,023.14
Profit / loss brought
forward EUR 667,023.14
Provisions EUR 226,150.54
Other / unspecified
provisions EUR 226,150.54
Liabilities EUR 3,892,532.89
Other liabilities EUR 3,892,532.89
Trade creditors (for IAS
incl. bills
of exchange) EUR 339,328.06
Liabililties due to
related companiesEUR
3,537,804.71
Unspecified other
liabilities EUR 15,400.12
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 19,700,947.61
Inventory change + own
costs (+/-) EUR -490,541.61
Inventory change
(+/-) EUR -490,541.61
Other operating
income EUR 109,489.08
Cost of materials EUR 16,046,199.80
Raw materials and
supplies, purchased
goods EUR 15,956,553.97
Purchased services EUR 89,645.83
Gross result (+/-) EUR 3,273,695.28
Staff expenses EUR 1,225,113.48
Wages and salaries EUR 1,039,573.35
Social security
contributions and
expenses for pension plans and
benefits EUR 185,540.13
Total depreciation EUR 51,853.71
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 51,853.71
Other operating
expenses EUR 1,430,982.77
Operating result from
continuing
operations EUR 565,745.32
Interest result (+/-) EUR 19,550.55
Interest and similar
income EUR 19,550.55
Financial result
(+/-) EUR 19,550.55
Result from ordinary
operations (+/-) EUR 585,295.87
Expenses for transfer of
profits to a
parent company EUR 582,249.80
Other taxes / refund of
taxes EUR -3,046.07
Tax (+/-) EUR -3,046.07
Annual surplus / annual
deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.