|
Report No. : |
258165.2 |
|
Report Date : |
20.03.2015 |
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) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
04.01.2005 |
|
|
|
|
Com. Reg. No.: |
HRB 2784 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of Hosiery |
|
|
|
|
No. of Employee : |
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
In the meantime there have been changes
in particular in the
following areas subject to monitoring:
- Financial information
- Solvency Rating
- Balance sheets
Company Status: active
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
VAT no.:
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
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
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 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.62.42 |
|
|
1 |
Rs.92.99 |
|
Euro |
1 |
Rs.67.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.