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Report No. : |
347851 |
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Report Date : |
31.10.2015 |
IDENTIFICATION DETAILS
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Name : |
KIK TEXTILIEN UND NON-FOOD GMBH |
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Registered Office : |
Siemensstr. 21, D 59199 Bönen, Post Box:12 43, D 59194 Bönen |
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Country : |
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Date of Incorporation : |
25.04.1994 |
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Com. Reg. No.: |
HRB 4085 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Wholesale
of Textiles Retail |
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No. of Employees : |
21,000 |
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 |
|
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 |
KIK TEXTILIEN UND
NON-FOOD GMBH
Company Status: active
Siemensstr. 21
D
59199 Bönen
Post
Box:
12 43,
D 59194 Bönen
Telephone:02383/9540
Telefax: 02383/954130
Homepage: www.kik.de
E-mail: info@kik.de
DE811671397
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 25.04.1994
Begin of business
activities: 25.04.1994
Shareholders'
agreement: 25.04.1994
Registered on: 24.09.2001
Commercial Register: Local court 59065 Hamm
under: HRB
4085
EUR 15,338,756.44
Shareholder:
Tengelmann International Gesellschaft mit
beschränkter Haftung
Wissollstr. 5-43
D
45478 Mülheim
Legal
form: Private limited company
Share
capital: EUR 400,000.00
Share: EUR 12,809,395.50
Registered on: 17.01.2000
Reg.
data: 47051 Duisburg, HRB 14461
Profit
transfer agreement
Shareholder:
H. H.
Holding GmbH
Edisonstr. 1
D 59199 Bönen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 2,331,490.98
Registered on: 20.09.2011
Reg.
data: 59065 Hamm, HRB 7285
Shareholder:
Heinz
Speet
D
49740 Haselünne
born:
02.11.1958
Share: EUR 151,853.69
Shareholder:
Patrick Zahn
D
50933 Köln
born:
21.08.1976
Share: EUR 30,677.51
Shareholder:
Darius
Kauthe
D 48143 Münster
born:
06.01.1968
Share: EUR 15,338.76
President of the Board of
Management:
Heinz
Speet
D
49740 Haselünne
having sole power of
representation
born:
02.11.1958
Marital status: married
Manager:
Rainer
Kanbach
D
48143 Münster
born:
07.07.1960
Profession: Businessman
Manager:
Burkhard Schültken
D
59199 Bönen
born:
21.11.1963
Marital status: unknown
Manager:
Darius Kauthe
D
48143 Münster
born:
06.01.1968
Manager:
Patrick Zahn
D
50933 Köln
born:
21.08.1976
Proxy:
Mike
Adams
D 59199 Bönen
authorized to jointly represent the company
born:
27.10.1969
Proxy:
Jörg
Blöß
D
44623 Herne
authorized to jointly represent the company
born:
26.05.1966
Proxy:
Stefanie Artmann
D
46459 Rees
authorized to jointly represent the company
born:
01.12.1970
Further
functions/participations of Heinz Speet (President of the
Board of Management)
Limited partner:
MEP
GmbH & Co. KG
Mahle
6
D
49774 Lähden
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 4,500,000.00
contribution:
Share: EUR 850,000.00
Registered
on: 01.09.2009
Reg.
data: 49074 Osnabrück, HRA 201698
Shareholder:
HuS
Holding GmbH
Alte
Dorfstr. 15
D 49740 Haselünne
Legal
form: Private limited company
Share
capital: EUR 2,005,000.00
Share: EUR 705,000.00
Registered
on: 07.01.2013
Reg.
data: 49074 Osnabrück, HRB 206923
Shareholder:
H. H.
Immobilienverwaltungs GmbH
Edisonstr. 1
D
59199 Bönen
Legal form: Private limited company
Share
capital: EUR 2,000,000.00
Share: EUR 100,000.00
Registered
on: 26.06.2012
Reg. data: 59065 Hamm, HRB 7539
Further
functions/participations of Rainer Kanbach (Manager)
Proxy:
TAKKO
Holding GmbH
Alfred-Krupp-Str. 21
D
48291 Telgte
Legal form: Private limited company
Share
capital: EUR 14,600,000.00
Registered
on: 11.04.2000
Reg.
data: 48149 Münster, HRB 8939
Further functions/participations
of Burkhard Schültken (Manager)
Manager:
KiK
Logistik I GmbH
Siemensstr. 21
D
59199 Bönen
Legal
form: Private limited company
Share capital: EUR 50,000.00
Registered
on: 07.11.2000
Reg.
data: 59065 Hamm, HRB 4226
Further
functions/participations of Darius Kauthe (Manager)
Manager:
KiK24 e-Commerce GmbH
Siemensstr. 21
D
59199 Bönen
Legal
form: Private limited company
Share
capital: EUR 2,500,000.00
Registered
on: 11.06.2012
Reg.
data: 59065 Hamm, HRB 7516
25.04.1994 -
10.05.1994 KiK Textilien und Nonfood
GmbH
Alfred-Krupp-Str. 21
D 48291 Telgte
Private limited company
10.05.1994 -
17.11.1994 Kik Textilien und Non-Food
GmbH
Stehfenstr. 8
D
59439 Holzwickede
Private limited company
17.11.1994 -
31.07.2001 Kik Textilien und Non-Food
GmbH
Heßlingsweg 44
D
44309 Dortmund
Private limited company
20.09.2010 -
07.05.2014 Manager
Dr. Michael Arretz
D
22179 Hamburg
07.06.2006 -
07.05.2014 Manager
Mechthild Sabine Gottkehaskamp
D
48153 Münster
Main industrial sector
4641 Wholesale of
textiles
47710 Retail sale of
clothing
Shareholder:
KiK24
e-Commerce GmbH
Siemensstr. 21
D
59199 Bönen
Legal form: Private limited
company
Company Status: active
Share
capital: EUR 2,500,000.00
Share: EUR 2,425,000.00
Reg. data:
11.06.2012
Local court 59065 Hamm
HRB 7516
Shareholder:
KiK
Logistik I GmbH
Siemensstr. 21
D
59199 Bönen
Legal form: Private limited
company
Company Status: active
Share
capital: EUR 50,000.00
Share: EUR 50,000.00
Reg.
data: 07.11.2000
Local court 59065 Hamm
HRB 4226
Payment experience: within
periods customary in this trade
Negative information:We have no negative information at hand.
Type of ownership: Tenant
Address Siemensstr. 21
D
59199 Bönen
Real Estate of: H. H. Holding GmbH
Type of ownership: proprietor
Share: 100.00 %
Address Edisonstr. 1
D
59199 Bönen
Land register documents
were not available.
Principal bank
COMMERZBANK, 44047 DORTMUND
Sort. code: 44040037,
Account no.: 340022300
BIC: COBADEFFXXX, IBAN:
DE87440400370340022300
Financial year: 01.01. - 31.12.
Turnover: 2013 *EUR 1,438,100,127.00
2014 *EUR 1,630,000,000.00
further business figures:
Share capital: EUR
15,338,756.44
Equipment: *EUR 168,000,000.00
Ac/ts receivable: *EUR 661,500,000.00
Liabilities: *EUR 1,081,500,000.00
Total numbers of vehicles: * 361
-
Passenger cars:
361
Employees: * 21,000
Profit transfer agreement
to:
Tengelmann International Gesellschaft mit
beschränkter Haftung
Wissollstr. 5-43
D
45478 Mülheim
The business figures marked
with an asterisk are estimates based on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
|
|
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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.