|
Report No. : |
258165.2 |
|
Report Date : |
18.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
TWD
FIBRES GMBH |
|
|
|
|
Registered Office : |
Kunertstr.
1 D 94469 Deggendorf Post Box: 19 09, D 94459 Deggendorf |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
16.06.2005 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Manufacture
of hosiery |
|
|
|
|
No. of Employees : |
724 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
TWD FIBRES GMBH
Kunertstr. 1
D 94469 Deggendorf
Post Box:
19 09, D 94459 Deggendorf
Telephone:09901/79-0
Telefax: 09901/79-224
Homepage: www.twd.de
E-mail: info@twd-fibres.de
Active
DE814381361
Business relations are permissible.
LEGAL
FORM Private limited company
Date of foundation: 04.01.2005
Shareholders'
agreement: 26.01.2005
Registered on: 16.06.2005
Commercial Register: Local court 94469 Deggendorf
under: HRB
2784
Share capital: EUR 2,025,000.00
Shareholder:
4K TW GmbH
Sendlinger Str. 10
D 80331 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 1,903,500.00
Registered on: 19.01.2015
Reg. data: 80333 München,
HRB 216235
Shareholder:
DAUN & Cie Aktiengesellschaft
Bahnhofstr. 21
D 26180 Rastede
Legal form: Public
limited company
Share capital: EUR
21,000,000.00
Share: EUR 121,500.00
Registered on: 14.08.1985
Reg. data: 26135
Oldenburg, HRB 120211
Manager:
Thomas Stoffel
D 94554 Moos
born: 19.06.1965
Manager:
Wolfgang Tröster
D 72800 Eningen
born: 26.06.1958
Manager:
Konstantin Steiniger
Nibelungenstr. 39
D 63897 Miltenberg
born: 27.01.1966
Manager:
Markus Roschel
Vorstadt 4
D 77887 Sasbachwalden
having sole power of
representation
born: 05.02.1968
Profession: Fully
qualified management
expert
Proxy:
Stefan Pongratz
D 94209 Regen
authorized to jointly
represent the company
born: 19.12.1968
Proxy:
Stefan Turri
D 94469 Deggendorf
born: 02.03.1965
Further functions/participations of Thomas
Stoffel (Manager)
Manager:
TWD Fibres Service GmbH
Kunertstr. 1
D 94469 Deggendorf
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered
on: 16.09.2008
Reg. data: 94469 Deggendorf, HRB 3196
Further functions/participations of Wolfgang
Tröster (Manager)
Manager:
TWD Fibres Service GmbH
Kunertstr. 1
D 94469 Deggendorf
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered
on: 16.09.2008
Reg. data: 94469 Deggendorf, HRB 3196
Manager:
FR Safety Yarns
Beteiligungs GmbH
Kunertstr. 1
D 94469 Deggendorf
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 19.09.2011
Reg. data: 94469 Deggendorf, HRB 3675
Further functions/participations of Konstantin
Steiniger
(Manager)
Manager:
TWD Fibres Service GmbH
Kunertstr. 1
D 94469 Deggendorf
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered
on: 16.09.2008
Reg. data: 94469 Deggendorf, HRB 3196
Further functions/participations of Markus Roschel
(Manager)
Manager:
TWD Fibres Service GmbH
Kunertstr. 1
D 94469 Deggendorf
Legal form: Private
limited company
Share capital: EUR
1,000,000.00
Registered
on: 16.09.2008
Reg. data: 94469 Deggendorf, HRB 3196
Manager:
Periscope GmbH
Heinz-Nixdorf-Ring 1
D 33106 Paderborn
Legal form: Private
limited company
Share capital: EUR 1,900,000.00
Registered
on: 10.02.2000
Reg. data: 33098 Paderborn, HRB 3544
04.01.2005 - 16.06.2005 Einundsiebzigste
TVG
Vermögensverwaltunsgesellschaft
mbH (HRB
95725, AG Berlin)
D 10115 Berlin
Private limited company
19.09.2008 - 02.01.2014 Manager
Uwe Kolb
D 94526 Metten
Main industrial sector
14310
Manufacture of hosiery
Limited partner:
FR Safety Yarns GmbH
& Co. KG
Kunertstr. 1
D 94469 Deggendorf
Legal form: Ltd partnership
with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 120,000.00
contribution:
Share: EUR 60,000.00
Reg. data: 26.09.2011
Local court
94469 Deggendorf
HRA 2553
Shareholder:
TWD Fibres Service GmbH
Kunertstr. 1
D 94469 Deggendorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Reg. data: 16.09.2008
Local court
94469 Deggendorf
HRB 3196
Shareholder:
FR Safety Yarns
Beteiligungs GmbH
Kunertstr. 1
D 94469 Deggendorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Reg. data: 19.09.2011
Local court
94469 Deggendorf
HRB 3675
Payment
experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Kunertstr.
1
D
94469 Deggendorf
Land register documents were not available.
SPARKASSE DEGGENDORF, 94459 DEGGENDORF
Sort. code: 74150000
BIC: BYLADEM1DEG
COMMERZBANK STRAUBING, 94315 STRAUBING
Sort. code: 74240062
BIC: COBADEFFXXX
UNICREDIT BANK - HYPOVEREINSBANK, 94460
DEGGENDORF
Sort. code: 74120071
BIC: HYVEDEMM415
Turnover: 2013 EUR 97,859,516.00
Profit: 2013 EUR -5,065,157.00
Equipment: EUR 216,735.00
Ac/ts receivable: EUR 20,521,880.00
Liabilities: EUR 6,383,128.00
Employees:
724
- thereof permanent
staff:
700
- Trainees:
24
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 78.35
Liquidity ratio: 3.25
Return on total capital [%]: -14.48
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 78.15
Liquidity ratio: 2.22
Return on total capital [%]: -4.17
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 81.20
Liquidity ratio: 2.79
Return on total capital [%]: 1.97
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 78.48
Liquidity ratio: 3.15
Return on total capital [%]: -0.03
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.
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.
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 35,189,568.64
Fixed assets EUR 3,311,296.13
Intangible assets EUR 367,116.00
Concessions, licences,
rights EUR 367,116.00
Tangible assets EUR 249,370.58
Land / similar
rights EUR 2,319.22
Other tangible assets /
fixtures and
fittings EUR 216,734.73
Advance payments made /
construction
in progress EUR 30,316.63
Financial assets EUR 2,694,809.55
Shares in participations
/
subsidiaries and the
like EUR 2,694,809.55
Shares in related
companies EUR 2,689,251.15
Shares in investee
companies EUR 5,558.40
Current assets EUR 31,760,427.22
Stocks EUR 11,108,654.50
Raw materials,
consumables and
supplies EUR 8,074,981.29
Finished goods / work in
progress EUR 3,033,673.21
Accounts receivable EUR 20,521,880.36
Amounts due from
shareholders EUR 210,136.33
Trade debtors EUR 28.00
Amounts due from related
companies EUR 18,930,417.07
Other debtors and
assets EUR 1,381,298.96
Liquid means EUR 129,892.36
Remaining other
assets EUR 117,845.29
Accruals (assets) EUR 80,699.20
Active difference from
asset
offsetting EUR 37,146.09
LIABILITIES EUR 35,189,568.64
Shareholders' equity EUR 27,616,747.46
Capital EUR 2,025,000.00
Subscribed capital
(share capital) EUR 2,025,000.00
Reserves EUR 25,591,747.46
Capital reserves EUR 25,591,747.46
Provisions EUR 1,189,693.16
Pension provisions and
comparable
provisions EUR 298,128.00
Provisions for taxes EUR 25,000.00
Other / unspecified
provisions EUR 866,565.16
Liabilities EUR 6,383,128.02
Other liabilities EUR 6,383,128.02
Trade creditors (for IAS
incl. bills
of exchange) EUR 5,075,809.07
Liabilities due to
shareholders EUR 302.99
Unspecified other
liabilities EUR 1,307,015.96
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 97,859,516.07
Inventory change + own
costs (+/-) EUR -10,380,370.01
Inventory change
(+/-) EUR
-10,410,705.79
Capitalised own
costs EUR 30,335.78
Other operating
income EUR 7,988,723.07
Cost of materials EUR 57,651,394.05
Raw materials and supplies,
purchased
goods EUR 49,657,546.14
Purchased services EUR 7,993,847.91
Gross result (+/-) EUR 37,816,475.08
Staff expenses EUR 24,426,688.95
Wages and salaries EUR 20,417,016.85
Social security
contributions and
expenses for pension
plans and
benefits EUR 4,009,672.10
Total depreciation EUR 205,726.42
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 205,726.42
Other operating
expenses EUR 17,951,698.63
Operating result from continuing
operations EUR -4,767,638.92
Result from participating
interests
(+/-) EUR 8,716.27
Expenses / income from
participations EUR 8,716.27
Income from transfer of
profits EUR 8,716.27
Interest result (+/-) EUR 89,822.54
Interest and similar
income EUR 496,575.06
Interest and similar
expenses EUR 406,752.52
Financial result
(+/-) EUR 98,538.81
Result from ordinary
operations (+/-) EUR -4,669,100.11
Income tax / refund of
income tax (+/-)EUR 506.00
Other taxes / refund of taxes EUR -396,563.23
Tax (+/-) EUR -396,057.23
Annual surplus / annual
deficit EUR -5,065,157.34
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2012 -
31.12.2012
ASSETS EUR 41,541,413.53
Fixed assets EUR 3,054,461.17
Intangible assets EUR 299,262.00
Concessions, licences,
rights EUR 299,262.00
Tangible assets EUR 319,543.17
Land / similar
rights EUR 2,319.22
Other tangible assets /
fixtures and
fittings EUR 293,653.95
Advance payments made /
construction
in progress EUR 23,570.00
Financial assets EUR 2,435,656.00
Shares in participations
/
subsidiaries and the
like EUR 2,435,656.00
Shares in related
companies EUR 2,434,643.15
Shares in investee
companies EUR 1,012.85
Current assets EUR 38,390,281.66
Stocks EUR 20,714,331.60
Raw materials,
consumables and
supplies EUR 7,269,952.60
Finished goods / work in
progress EUR 13,444,379.00
Accounts receivable EUR 17,592,375.19
Amounts due from
shareholders EUR 1,001,171.05
Trade debtors EUR 1,733.90
Amounts due from related
companies EUR 14,783,386.36
Other debtors and
assets EUR 1,806,083.88
Liquid means EUR 83,574.87
Remaining other
assets EUR 96,670.70
Accruals (assets) EUR 80,973.71
Active difference from
asset
offsetting EUR 15,696.99
LIABILITIES EUR 41,541,413.53
Shareholders' equity EUR 32,681,904.80
Capital EUR 2,025,000.00
Subscribed capital
(share capital) EUR 2,025,000.00
Reserves EUR 30,656,904.80
Capital reserves EUR 30,656,904.80
Provisions EUR 1,295,014.96
Pension provisions and
comparable
provisions EUR 271,457.00
Provisions for taxes EUR 506.00
Other / unspecified
provisions EUR 1,023,051.96
Liabilities EUR 7,564,493.77
Other liabilities EUR 7,564,493.77
Trade creditors (for IAS
incl. bills
of exchange) EUR 6,352,338.59
Liabilities due to
shareholders EUR 0.00
Liabililties due to
related companiesEUR
1,621.83
Unspecified other
liabilities EUR 1,210,533.35
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 88,385,475.95
Inventory change + own
costs (+/-) EUR 194,906.04
Inventory change
(+/-) EUR 173,468.68
Capitalised own
costs EUR 21,437.36
Other operating
income EUR 7,987,279.09
Cost of materials EUR 58,639,800.65
Raw materials and
supplies, purchased
goods EUR 50,772,878.60
Purchased services EUR 7,866,922.05
Gross result (+/-) EUR 37,927,860.43
Staff expenses EUR 23,801,252.63
Wages and salaries EUR 19,736,876.71
Social security
contributions and
expenses for pension
plans and
benefits EUR 4,064,375.92
Total depreciation EUR 195,565.06
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 195,565.06
Other operating
expenses EUR 15,406,655.55
Operating result from
continuing
operations EUR -1,475,612.81
Result from participating
interests
(+/-) EUR 31,099.90
Expenses / income from
participations EUR 31,099.90
Income from transfer of
profits EUR 31,099.90
Interest result (+/-) EUR 87,837.58
Interest and similar
income EUR 447,730.82
Interest and similar
expenses EUR 359,893.24
Other financial
result EUR 7,094.00
Income from securities
and loans from
financial assets EUR 7,094.00
Financial result
(+/-) EUR 126,031.48
Result from ordinary
operations (+/-) EUR -1,349,581.33
Other taxes / refund of
taxes EUR -342,706.27
Tax (+/-) EUR -342,706.27
Annual surplus / annual
deficit EUR -1,692,287.60
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.69 |
|
|
1 |
Rs.92.99 |
|
Euro |
1 |
Rs.66.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.