|
Report No. : |
306138 |
|
Report Date : |
02.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
KIRCHNER, FISCHER
& CO. GMBH |
|
|
|
|
Registered Office : |
Daimlerstr. 13,
D 25337 Elmshorn |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
02.09.1977 |
|
|
|
|
Com. Reg. No.: |
HRB 1868 EL |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of Coffee, Tea, Cocoa and spices |
|
|
|
|
No of Employees : |
14 |
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
Daimlerstr. 13
D 25337 Elmshorn
Telephone: 04121/7787-0
Telefax: 04121/787480
Homepage: www.kirchner-fischer.de
E-mail: info@kirchner-fischer.de
active
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
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
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
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:
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
Wholesaler 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
Payment experience: No
Complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2013
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:
2013 *EUR 3,710,000.00
2014 *EUR 3,710,000.00
Profit:
2013 EUR 488,540.00
further business figures:
Equipment: EUR 198,579.00
Ac/ts receivable: EUR 2,694,882.00
Liabilities: EUR 2,755,600.00
Employees:
14
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 49.39
Liquidity ratio: 0.57
Return on total capital [%]: 8.64
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
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:
01.01.2013 - 31.12.2013
ASSETS EUR 6,884,408.92
Fixed
assets EUR 766,230.61
Intangible
assets EUR 36,033.09
Tangible
assets EUR 623,821.31
Plant /
machinery EUR 425,242.41
Other
tangible assets / fixtures and
fittings
EUR 198,578.90
Financial
assets EUR 106,376.21
Shares in
participations /
subsidiaries and the like
EUR 106,376.21
Current
assets EUR 6,092,500.41
Stocks EUR 3,258,560.37
Raw
materials, consumables and
supplies EUR 700,218.67
Finished
goods / work in progress EUR 311,187.00
Other /
unspecified stocks EUR 2,247,154.70
Accounts
receivable EUR 2,694,881.75
Amounts due
from shareholders EUR 1,213,802.23
Trade
debtors EUR 1,049,803.47
Amounts due
from related companies EUR 327,738.68
Other
debtors and assets EUR 103,537.37
Liquid
means EUR 139,058.29
Remaining
other assets EUR 25,677.90
Accruals
(assets) EUR 25,677.90
LIABILITIES EUR 6,884,408.92
Shareholders'
equity EUR 4,023,484.78
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 1,623,484.78
Balance
sheet profit / loss EUR
1,623,484.78
Provisions EUR 105,323.71
Provisions
for taxes EUR 67,460.72
Other /
unspecified provisions EUR 37,862.99
Liabilities EUR 2,755,600.43
Financial
debts EUR 2,350,000.00
Liabilities
due to banks EUR 2,350,000.00
Other
liabilities EUR 405,600.43
Trade
creditors (for IAS incl. bills
of
exchange)
EUR 120,834.84
Liabililties due to related companiesEUR 275,631.33
Unspecified
other liabilities EUR 9,134.26
thereof
liabilities from tax /
financial
authorities EUR 301.93
thereof
liabilities from social
security
EUR 476.74
Guarantees
and other commitments EUR 500,000.00
Other
guarantees and other commitmentsEUR
500,000.00
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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.76 |
|
UK Pound |
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MNL |
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.