MIRA INFORM REPORT
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Report No. : |
332731 |
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Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
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Name : |
HANS KNIEBES GMBH |
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Registered Office : |
Maarweg 46, D 53619 Rheinbreitbach |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
15.12.1992 |
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Com. Reg. No.: |
HRB 12683 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture of perfumes and toilet
preparations ·
Wholesale of iron ores, iron, steel and
iron and steel semi-finished goods ·
Retail sale of cosmetics and toilet
articles |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 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 5.2% in 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private
investment. 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 plans to replace nuclear power with renewable energy, which
accounted for 27.8% of gross electricity consumption in 2014, up from 9% in
2000. 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. Extremely low inflation, caused largely by low global
energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
Company
name & address
HANS KNIEBES GMBH
Company Status: active
Maarweg 46
D 53619
Rheinbreitbach
Telephone:02224/6487
Telefax:
02224/6407
Homepage:
www.hanskniebes.de
E-mail: info@hanskniebes.de
VAT
no.: DE123328918
Tax
ID number: 32/650/0523/4
CONCLUSION
Business relations are permissible.
LEGAL FORM Private limited company
Registered on: 15.12.1992
Commercial Register: Local court 56410
Montabaur
under: HRB 12683
Share capital: EUR 52,000.00
Shareholder:
Hans-Joachim Kniebes
Karl-Simrock-Str. 30
D 53604 Bad Honnef
born: 01.10.1966
Share: EUR 26,000.00
Shareholder:
Hardy Kniebes
Josef-Brungs-Str.
11
D 53604 Bad Honnef
born: 08.04.1970
Share: EUR 26,000.00
Manager:
Hans-Joachim Kniebes
Karl-Simrock-Str. 30
D 53604 Bad Honnef
having sole power of
representation
born: 01.10.1966
Manager:
Hardy Kniebes
Josef-Brungs-Str. 11
D 53604 Bad Honnef
having sole power of
representation
born: 08.04.1970
Profession: Clerk
Marital status: unknown
BUSINESS
ACTIVITIES
Main industrial sector
20420
Manufacture of perfumes and toilet preparations
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods
47750
Retail sale of cosmetics and toilet articles
FINANCIAL
INFORMATION
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
REAL
ESTATE
Type of ownership: Tenant
Address Maarweg 46
D 53619 Rheinbreitbach
Land register documents were not available.
BANKERS
Principal
banks
VOLKSBANK KOBLENZ MITTELRHEIN, 56564 NEUWIED
Sort. code: 57090000
BIC: GENODE51KOB
DEUTSCHE BANK, 53604 BAD HONNEF
Sort. code: 38070059
BIC: DEUTDEDK380
FINANCIAL
FIGURES
Turnover: 2014 EUR 1,500,000.00
Profit: 2013 EUR 16,809.00
further business figures:
Equipment: EUR 23,000.00
Ac/ts receivable: EUR
430,546.00
Liabilities: EUR 287,582.00
Employees:
10
BALANCE SHEETS
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 67.80
Liquidity ratio: 2.50
Return on total capital [%]: 1.84
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 61.85
Liquidity ratio: 2.95
Return on total capital [%]: 5.14
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 58.35
Liquidity ratio: 2.71
Return on total capital [%]: 13.32
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 46.98
Liquidity ratio: 1.85
Return on total capital [%]: 13.01
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 917,969.00
Fixed assets
EUR 35,007.00
Intangible assets
EUR 11,921.50
Tangible assets
EUR 23,085.50
Current assets
EUR 877,156.42
Stocks
EUR 331,480.74
Accounts
receivable EUR 430,546.03
Liquid means
EUR 115,129.65
Remaining other assets
EUR 5,805.58
Accruals (assets)
EUR 5,805.58
LIABILITIES EUR 917,969.00
Shareholders' equity
EUR 624,286.96
Capital
EUR 52,000.00
Subscribed capital (share capital)
EUR 52,000.00
Balance sheet profit/loss (+/-)
EUR 572,286.96
Profit / loss brought forward
EUR 555,478.02
Annual surplus / annual deficit
EUR 16,808.94
Provisions EUR 6,100.00
Liabilities
EUR 287,582.04
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 977,990.23
Fixed assets
EUR 42,550.08
Intangible assets
EUR 13,352.58
Tangible assets
EUR 29,197.50
Current assets EUR 923,791.12
Stocks
EUR 206,570.59
Accounts receivable
EUR 570,228.64
Liquid means
EUR 146,991.89
Remaining other assets
EUR 11,649.03
Accruals (assets)
EUR 11,649.03
LIABILITIES EUR 977,990.23
Shareholders' equity
EUR 607,478.02
Capital
EUR 52,000.00
Subscribed capital (share capital)
EUR 52,000.00
Balance sheet profit/loss (+/-)
EUR 555,478.02
Profit / loss brought forward
EUR 505,579.19
Balance sheet profit / loss
EUR 49,898.83
Provisions
EUR 30,096.34
Liabilities
EUR 340,415.87
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.49 |
|
|
1 |
Rs.99.43 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.