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Report No. : |
344070 |
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Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
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Name : |
KOPP GMBH & CO. KG |
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Registered Office : |
Löwenstr. 16, D 63067 Offenbach |
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Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
1919 |
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Com. Reg. No.: |
HRA 7112 |
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Legal Form : |
Limited Partnership With Private Limited Company As General Partner |
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Line of Business : |
·
Processing of leather (except
manufacture of leather apparel) ·
Activities of holding companies |
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|
|
|
No. of Employees : |
Not Available |
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 |
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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 |
|
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 |
KOPP GMBH & CO. KG
Company Status: active
Löwenstr. 16
D 63067 Offenbach
Telephone:069/885109
Telefax:
069/819263
Homepage: www.kopp-pfeifen.de
E-mail:
info@kopp-pfeifen.de
VAT
no.: DE815238463
Tax
ID number: 035 337 60326
Business relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd.
company as
general partner
Date of foundation: 1919
Registered on: 06.07.1967
Register of
companies: Local court 63065 Offenbach
under: HRA 7112
Total cap. contribution: EUR 300,000.00
Limited partner:
Oliver Kopp
D 63065 Offenbach
born: 25.01.1972
Share: EUR 144,000.00
Limited partner:
Thilo Kopp
D 63067 Offenbach
born: 10.05.1982
Share: EUR 144,000.00
Limited partner:
Bernd Kopp
Löwenstr. 16
D 63067 Offenbach
born: 15.05.1940
Share: EUR 12,000.00
General partner:
Kopp Verwaltungs GmbH
Löwenstr. 16
D 63067 Offenbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 20.08.2009
Reg. data: 63065
Offenbach, HRB 44294
Shareholder:
Kopp GmbH & Co. KG
Löwenstr. 16
D 63067 Offenbach
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 300,000.00
contribution:
Share: EUR 25,000.00
Registered on: 06.07.1967
Reg. data: 63065 Offenbach, HRA 7112
Manager:
Bernd Kopp
Löwenstr. 16
D 63067 Offenbach
having sole power of
representation
born: 15.05.1940
Profession: Businessman
Marital status: divorced
Manager:
Oliver Kopp
D 63065 Offenbach
having sole power of
representation
born: 25.01.1972
Manager:
Thilo Kopp
D 63067 Offenbach
having sole power of
representation
born: 10.05.1982
Marital status: unknown
06.07.1967 - 02.01.2011 Martin Wess
Löwenstr. 16
D 63067 Offenbach
Sole proprietorship
Main industrial sector
1512
Processing of leather (except manufacture of leather apparel)
Secondary industrial sector
6420
Activities of holding companies
Shareholder:
Dürninger GmbH
Poststr. 37
D 73033 Göppingen
Legal form:
Private limited company
Company Status: active
Share capital: EUR 770,000.00
Share: EUR 304,150.00
Reg. data: 02.02.2005
Local court
89073 Ulm
HRB 533981
Shareholder:
Kopp Verwaltungs GmbH
Löwenstr. 16
D 63067 Offenbach
Legal form: Private limited
company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data:
20.08.2009
Local court
63065 Offenbach
HRB 44294
Payment experience: within agreed terms
Negative information: We have no negative information
at hand.
Type of ownership: Tenant
Address Löwenstr. 16
D 63067 Offenbach
Land register documents were not available.
A
bank connection is unknown.
Ac/ts receivable: EUR 1,361,002.00
Liabilities: EUR 476,684.00
The
number of employees is not known.
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 90.26
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 87.57
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 67.29
Liquidity ratio: 1.79
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 82.88
Liquidity ratio: 10.00
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.
Type of balance sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial
year: 01.01.2014 - 31.12.2014
ASSETS EUR 5,134,576.23
Fixed assets
EUR 2,130,190.30
Intangible assets
EUR 57.00
Tangible assets
EUR 304,209.08
Financial assets
EUR 1,825,924.22
Other / unspecified financial assets EUR 1,825,924.22
Current assets
EUR 2,986,892.63
Stocks
EUR 936,650.65
Accounts receivable
EUR 1,361,001.96
Liquid means
EUR 689,240.02
Remaining other assets
EUR 17,493.30
Accruals (assets)
EUR 17,493.30
LIABILITIES EUR 5,134,576.23
Shareholders' equity
EUR 4,634,489.35
Capital
EUR 4,634,489.35
Capital of the fully liable partner
(LP, general partnership)
EUR 5,229.52
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder
EUR 5,229.52
Limited partner's capital / capital
of partially liable partner (LP)
EUR 4,629,259.83
Provisions
EUR 23,188.00
Liabilities
EUR 476,683.75
Other liabilities
EUR 215.13
Deferrals (liabilities)
EUR 215.13
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 4,371,837.99
Fixed assets
EUR 1,570,323.42
Intangible assets
EUR 172.00
Tangible assets
EUR 308,001.08
Financial assets
EUR 1,262,150.34
Other / unspecified financial assets EUR 1,262,150.34
Current assets EUR 2,800,448.57
Stocks
EUR 731,168.20
Accounts receivable
EUR 831,259.45
Liquid means
EUR 1,238,020.92
Remaining other assets
EUR 1,066.00
Accruals (assets)
EUR 1,066.00
LIABILITIES EUR 4,371,837.99
Shareholders' equity
EUR 3,828,524.57
Capital EUR 3,828,524.57
Capital of the fully liable partner
(LP, general partnership)
EUR 3,863.62
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder EUR 3,863.62
Limited partner's capital / capital
of partially liable partner (LP)
EUR 3,824,660.95
Provisions
EUR 23,201.00
Liabilities EUR 520,112.42
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.11 |
|
|
1 |
Rs.99.50 |
|
Euro |
1 |
Rs.74.24 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.