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Report No. : |
328598.2 |
|
Report Date : |
03.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
NKD SERVICES GMBH |
|
|
|
|
Registered Office : |
Bühlstr. 5-7, D 95463 Bindlach |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
06.06.2013 |
|
|
|
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Com. Reg. No.: |
HRB 5758 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Service activities incidental to transportation · Other business support service activities |
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|
|
|
No. of Employees : |
Not Available |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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, 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 |
NKD SERVICES GMBH
Company Status: active
Bühlstr. 5-7
D 95463 Bindlach
Telephone:09208/699-0
Telefax:
09208/699-209
Homepage: www.nkd.com
E-mail:
service@nkd.de
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 06.06.2013
Shareholders'
agreement: 06.06.2013
Registered on: 13.06.2013
Commercial Register: Local court 95444
Bayreuth
under: HRB 5758
Share capital: EUR 25,100.00
Shareholder:
NKD Holdings GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,100.00
Registered on: 17.02.2014
Reg. data: 95444
Bayreuth, HRB 5902
Manager:
Wilko Rüdiger Hartmann
Kampenwandstr. 18c
D 85586 Poing
born: 23.05.1967
Manager:
Christian Müller
D 92637 Weiden
born: 25.01.1963
Manager:
Frank Beeck
CH Baech
born: 28.05.1967
Nationality: Swiss
Manager:
Christian Welles
A Wien
born: 21.04.1970
Nationality: Austrian
Proxy:
Volker Helmut Putzmann
Wilhelmstr. 14
D 48149 Münster
authorized to jointly
represent the company
born: 15.05.1966
Profession: degree-level
communication
expert
Marital status: single
Proxy:
Anton Fuchs
D 95500 Heinersreuth
authorized to jointly
represent the company
born: 11.07.1953
Proxy:
Gerhard Güldner
D 95444 Bayreuth
authorized to jointly
represent the company
born: 21.06.1956
Proxy:
Torsten Schwiers
D 95463 Bindlach
authorized to jointly
represent the company
born: 18.11.1965
Proxy:
Jörg Roßberg
D 95488 Eckersdorf
authorized to jointly
represent the company
born: 24.04.1967
Profession: Solicitor
Proxy:
Gabriele Fluck
D 92637 Weiden
authorized to jointly
represent the company
born: 16.10.1967
Proxy:
Sabine Schüler
D 20095 Hamburg
authorized to jointly
represent the company
born: 05.01.1961
Proxy:
Ingo Franke
D 95444 Bayreuth
authorized to jointly
represent the company
born: 21.04.1964
Further functions/participations of Wilko
Rüdiger Hartmann
(Manager)
Shareholder:
eh2 GmbH
Engasserbogen 28
D 80639 München
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 10,000.00
Registered
on: 18.12.2012
Reg. data: 80333 München, HRB 202533
Manager:
NKD Holdings GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.02.2014
Reg. data: 95444 Bayreuth, HRB 5902
Manager:
NKD Deutschland GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 14.06.2013
Reg. data: 95444 Bayreuth, HRB 5760
Further functions/participations of Christian
Müller (Manager)
Manager:
NKD Deutschland GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 14.06.2013
Reg. data: 95444 Bayreuth, HRB 5760
Manager:
NKD Holdings GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.02.2014
Reg. data: 95444 Bayreuth, HRB 5902
Further
functions/participations of Frank Beeck (Manager)
Manager:
NKD Deutschland GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 14.06.2013
Reg. data: 95444 Bayreuth, HRB 5760
Manager:
NKD Holdings GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.02.2014
Reg. data: 95444 Bayreuth, HRB 5902
Further functions/participations of Christian
Welles (Manager)
Manager:
NKD Deutschland GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 14.06.2013
Reg. data: 95444 Bayreuth, HRB 5760
Manager:
NKD Holdings GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.02.2014
Reg. data: 95444 Bayreuth, HRB 5902
17.04.2014 - 28.04.2015 Manager
Bernhard Beck
D 95497 Goldkronach
03.06.2014 - 21.11.2014 Manager
Bobby Rajan
D 80333 München
17.04.2014 - 28.05.2014 Manager
Marcus Joachim
Brüning
D 80538 München
24.06.2013 - 17.01.2014 Manager
Ralf Friedrich
Schmitz
D 42929
Wermelskirchen
24.06.2013 - 17.01.2014 Manager
Stephan Maas
D 50667 Köln
24.06.2013 - 15.11.2013 Manager
Ralph Steffen
Rosenbauer
D 45127 Essen
Main industrial sector
52299
Service activities incidental to transportation n.e.c.
82999 Other business support service activities n.
e. c.
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Bühlstr. 5-7
D 95463 Bindlach
Land register documents were not available.
A
bank connection is unknown.
The
number of employees is not known.
Balance
sheet ratios 06.06.2013 - 31.12.2013
Equity ratio [%]: 9.40
Liquidity ratio: 0.19
Return on total capital [%]: -7.99
Balance sheet grade: 4.5
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 06.06.2013 - 31.12.2013
ASSETS EUR 46,536,642.44
Fixed assets
EUR 7,735,810.31
Intangible assets
EUR 3,188,909.34
Concessions,
licences, rights EUR 1,007,935.00
Advance payments for intang. assets
EUR 2,180,974.34
Tangible assets
EUR 4,546,900.97
Land / similar rights
EUR 353,060.00
Other tangible assets / fixtures and
fittings
EUR 4,193,840.97
Current assets
EUR 38,665,832.13
Stocks
EUR 30,959,567.00
Raw materials, consumables and
supplies
EUR 30,959,567.00
Accounts receivable
EUR 7,027,499.78
Trade debtors
EUR 157,677.47
Amounts due from related companies
EUR 4,776,821.05
Other debtors and assets
EUR 2,093,001.26
Liquid means
EUR 678,765.35
Remaining other assets
EUR 135,000.00
Accruals (assets)
EUR 135,000.00
LIABILITIES EUR 46,536,642.44
Shareholders' equity
EUR 4,373,980.57
Capital
EUR 25,100.00
Subscribed capital (share capital) EUR 25,100.00
Reserves
EUR 8,068,210.79
Capital reserves
EUR 8,068,210.79
Balance sheet profit/loss (+/-)
EUR -3,719,330.22
Annual surplus / annual deficit
EUR -3,719,330.22
Provisions
EUR 3,890,341.00
Other / unspecified provisions
EUR 3,890,341.00
Liabilities
EUR 38,272,320.87
Other liabilities
EUR 38,272,320.87
Trade creditors (for IAS incl. bills
of exchange)
EUR 21,372,003.44
Liabililties due to related companiesEUR 12,977,871.08
Unspecified other liabilities
EUR 3,922,446.35
thereof liabilities from tax /
financial authorities
EUR 2,309,889.57
thereof liabilities from social
security
EUR 6,637.30
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 30,247,082.97
Other operating income
EUR 16,788,631.68
Cost of materials
EUR 30,500,108.07
Raw materials and supplies, purchased
goods
EUR 30,500,108.07
Gross result (+/-)
EUR 16,535,606.58
Staff expenses EUR 11,779,415.99
Wages and salaries
EUR 10,169,201.03
Social security contributions and
expenses for pension plans and
benefits
EUR 1,610,214.96
Total depreciation
EUR 2,043,102.06
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,043,102.06
Other operating expenses
EUR 6,336,297.88
Operating result from continuing
operations
EUR -3,623,209.35
Interest result (+/-)
EUR -82,938.87
Interest and similar income
EUR 114.11
Interest and similar expenses
EUR 83,052.98
Financial result (+/-)
EUR -82,938.87
Result from ordinary operations (+/-)
EUR -3,706,148.22
Other taxes / refund of taxes
EUR -13,182.00
Tax
(+/-)
EUR -13,182.00
Annual surplus / annual deficit
EUR -3,719,330.22
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
TPT |
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.