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MIRA INFORM REPORT
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Report No. : |
503716 |
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Report Date : |
14.04.2018 |
IDENTIFICATION DETAILS
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Name : |
REICHOLD FEINKOST GMBH |
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Registered Office : |
August-Horch-Str. 4-8, D 65582 Diez |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
05.03.1998 |
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Com. Reg. No.: |
HRB 5801 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of other food products n.e.c. · Wholesale of food n.e.c. · Activities of holding companies |
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No. of Employees : |
316 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
1,700,000 EUR |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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.
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 a large
increase in 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 economic 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. The German Government
introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in
January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5%
of gross electricity consumption in 2016, 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. Domestic
consumption, investment, and exports are likely to drive German GDP growth in
2018, and the country’s budget and trade surpluses are likely to remain high.
|
Source
: CIA |
Note
The subject of your inquiry is a branch. We are reporting on the headquarters.
Company
name & address
REICHOLD FEINKOST GMBH
Company Status: active
August-Horch-Str. 4-8
D 65582 Diez
Telephone:06432/955-0
Telefax: 06432/955-111
Homepage: www.feinkost-dittmann.de
E-mail: info@feinkost-dittmann.de
Trade name: FEINKOST DITTMANN
VAT no.: DE812416609
LEGAL FORM Private Limited Company
Date of foundation: 05.03.1998
Shareholders'
agreement: 05.03.1998
Registered on: 31.03.1998
Commercial Register: Local court 56410 Montabaur
under: HRB 5801
Share capital: EUR 25,600.00
Shareholder:
Timm Reichold & Thorsten Reichold GmbH
Im Maisel 6
D 65232 Taunusstein
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 25,600.00
Registered on: 28.07.2005
Reg. data: 65189 Wiesbaden, HRB 21936
Manager:
Timm J. Reichold
Walkmühlstr. 97
D 65195 Wiesbaden
having sole power of representation
born: 04.02.1957
Profession: Businessman
Marital status: unknown
Manager:
Thorsten Reichold
Gartenfeldstr. 38b
D 65527 Niedernhausen
having sole power of representation
born: 06.12.1968
Profession: Businessman
Marital status: unknown
Proxy:
Günter Reichold
Meisenweg 2
D 65527 Niedernhausen
having sole power of representation
born: 13.03.1930
Profession: Businessman
Marital status: married
Proxy:
Dieter Jung
D 65307 Bad Schwalbach
authorized to jointly represent the company
born: 05.09.1961
Profession: Businessman
Marital status: unknown
Proxy:
Elfi Füssel
D 35789 Weilmünster
authorized to jointly represent the company
born: 29.01.1958
Proxy:
Kristina Kramsch
D 65033 Wiesbaden
authorized to jointly represent the company
born: 30.03.1969
Proxy:
Dorothee Baum
D 65232 Taunusstein
authorized to jointly represent the company
born: 14.08.1970
Proxy:
Anika Borchers
D 65033 Wiesbaden
authorized to jointly represent the company
born: 01.09.1981
Further functions/participations of Timm J. Reichold (Manager)
Limited partner:
Reichold GmbH & Co.KG
Im Maisel 6
D 65232 Taunusstein
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 255,645.94
contribution:
Share: EUR 20,451.68
Registered
on: 30.06.1974
Reg. data: 65189 Wiesbaden, HRA 6060
Shareholder:
Timm Reichold & Thorsten Reichold GmbH
Im Maisel 6
D 65232 Taunusstein
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 28.07.2005
Reg. data: 65189 Wiesbaden, HRB 21936
Shareholder:
Matithor - Internationale
Lebensmittelspezialitäten Gesellschaft mit
beschränkter Haftung
Im Maisel 6
D 65232 Taunusstein
Legal form: Private limited company
Share capital: EUR 26,100.00
Share: EUR 8,700.00
Registered
on: 09.10.1979
Reg. data: 65189 Wiesbaden, HRB 16068
Manager:
Matithor - Internationale
Lebensmittelspezialitäten Gesellschaft mit
beschränkter Haftung
Im Maisel 6
D 65232 Taunusstein
Legal form: Private limited company
Share capital: EUR 26,100.00
Registered
on: 09.10.1979
Reg. data: 65189 Wiesbaden, HRB 16068
Manager:
Timm Reichold & Thorsten Reichold GmbH
Im Maisel 6
D 65232 Taunusstein
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 28.07.2005
Reg. data: 65189 Wiesbaden, HRB 21936
Proxy:
Feinkost Dittmann Halbleib GmbH
Im Maisel 6
D 65232 Taunusstein
Legal form: Private limited company
Share capital: EUR 25,564.59
Registered
on: 29.04.1982
Reg. data: 65189 Wiesbaden, HRB 16091
Further functions/participations of Thorsten Reichold (Manager)
Limited partner:
Reichold GmbH & Co.KG
Im Maisel 6
D 65232 Taunusstein
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 255,645.94
contribution:
Share: EUR 20,451.68
Registered
on: 30.06.1974
Reg. data: 65189 Wiesbaden, HRA 6060
Shareholder:
Timm Reichold & Thorsten Reichold GmbH
Im Maisel 6
D 65232 Taunusstein
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 28.07.2005
Reg. data: 65189 Wiesbaden, HRB 21936
Shareholder:
Matithor - Internationale
Lebensmittelspezialitäten Gesellschaft mit
beschränkter Haftung
Im Maisel 6
D 65232 Taunusstein
Legal form: Private limited company
Share capital: EUR 26,100.00
Share: EUR 8,700.00
Registered
on: 09.10.1979
Reg. data: 65189 Wiesbaden, HRB 16068
Manager:
Matithor - Internationale
Lebensmittelspezialitäten Gesellschaft mit
beschränkter Haftung
Im Maisel 6
D 65232 Taunusstein
Legal form: Private limited company
Share capital: EUR 26,100.00
Registered
on: 09.10.1979
Reg. data: 65189 Wiesbaden, HRB 16068
Manager:
Timm Reichold & Thorsten Reichold GmbH
Im Maisel 6
D 65232 Taunusstein
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 28.07.2005
Reg. data: 65189 Wiesbaden, HRB 21936
Proxy:
Feinkost Dittmann Halbleib GmbH
Im Maisel 6
D 65232 Taunusstein
Legal form: Private limited company
Share capital: EUR 25,564.59
Registered
on: 29.04.1982
Reg. data: 65189 Wiesbaden, HRB 16091
BUSINESS
ACTIVITIES
Main industrial sector
1089 Manufacture of other food products n.e.c.
46389 Wholesale of food n.e.c.
6420 Activities of holding companies
BRANCHES
AND FACTORIES
Works:
Reichold Feinkost GmbH
Im Maisel 6
D 65232 Taunusstein
TEL.: 06128/9720
FAX.: 06128/972111
Reg. entry: 13.01.2017
FINANCIAL
INFORMATION
Payment experience: Regular
Maximum credit: 1,700,000 EUR
Negative information: We have no negative information at hand.
Balance sheet year: 2016
PMI: No significant / relevant payment experience
information pertaining to the company
inquired upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
REAL
ESTATE
Type of ownership: Tenant
Address August-Horch-Str. 4-8
D 65582 Diez
Land register documents were not available.
BANKERS
Principal bank
DEUTSCHE BANK, 65232 TAUNUSSTEIN
Sort. code: 51070021
BIC: DEUTDEFF510
Further banks
COMMERZBANK, 65582 DIEZ
Sort. code: 51140029
BIC: COBADEFFXXX
NASSAUISCHE SPARKASSE, 65232 TAUNUSSTEIN
Sort. code: 51050015
BIC: NASSDE55XXX
COMMERZBANK, 55002 MAINZ
Sort. code: 55040022
BIC: COBADEFFXXX
DEUTSCHE BANK, 65011 WIESBADEN
Sort. code: 51070021
BIC: DEUTDEFF510
FINANCIAL
FIGURES
Turnover: 2016 EUR 143,034,493.00
Profit: 2016 EUR 2,231,043.00
Equipment: EUR 1,289,195.00
Ac/ts
receivable:
EUR 42,321,072.00
Liabilities: EUR 15,327,411.00
Real estate of the
firm: EUR 607,715.00
Employees:
316
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 61.24
Liquidity ratio: 3.18
Return on total capital [%]: 3.29
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 60.24
Liquidity ratio: 2.29
Return on total capital [%]: 0.84
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 55.01
Liquidity ratio: 1.72
Return on total capital [%]: 4.22
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 57.62
Liquidity ratio: 1.77
Return on total capital [%]: 4.19
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: 01.01.2016 - 31.12.2016
ASSETS EUR 79,191,940.39
Fixed assets EUR 10,118,743.52
Intangible assets EUR 1,399,401.06
Concessions, licences, rights EUR 1,399,401.06
Tangible assets EUR 6,072,469.50
Land / similar rights EUR 607,715.22
Plant / machinery EUR 3,912,270.19
Other tangible assets / fixtures and
fittings EUR 1,289,194.52
Advance payments made / construction
in progress EUR 263,289.57
Financial assets EUR 2,646,872.96
Shares in participations /
subsidiaries and the like EUR 2,646,872.96
Shares in related companies EUR 2,646,872.96
Current assets EUR 68,674,950.11
Stocks EUR 21,353,924.10
Raw materials, consumables and
supplies EUR 5,778,814.35
Finished goods / work in progress EUR
15,269,923.81
Advance payments made EUR 305,185.94
Accounts receivable EUR 42,321,072.26
Amounts due from shareholders EUR 11,065,550.00
Trade debtors EUR 19,284,892.47
Other debtors and assets EUR 11,970,629.79
Liquid means EUR 4,999,953.75
Remaining other assets EUR 398,246.76
Accruals (assets) EUR 167,685.76
Deferred taxes (assets) EUR 230,561.00
LIABILITIES EUR 79,191,940.39
Shareholders' equity EUR 52,382,506.42
Capital EUR 25,600.00
Subscribed capital (share capital) EUR 25,600.00
Reserves EUR 50,125,863.09
Retained earnings / revenue reserves
EUR 50,125,863.09
Balance sheet profit/loss (+/-) EUR 2,231,043.33
Annual surplus / annual deficit EUR 2,231,043.33
Provisions EUR 11,482,022.77
Pension provisions and comparable
provisions EUR 2,676,414.00
Provisions for taxes EUR 427,573.00
Other / unspecified provisions EUR 8,378,035.77
Liabilities EUR 15,327,411.20
Financial debts EUR 1,109,168.25
Liabilities due to banks EUR 1,109,168.25
Other liabilities EUR 14,218,242.95
Trade creditors (for IAS incl. bills
of exchange) EUR 10,040,527.27
Liabilities due to shareholders EUR 494,012.17
Unspecified other liabilities EUR 3,683,703.51
thereof liabilities from tax /
financial authorities EUR 205,479.24
thereof liabilities from social
security EUR 158,762.13
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 143,034,493.17
Inventory change + own costs (+/-) EUR 322,026.22
Inventory change (+/-) EUR 322,026.22
Other operating income EUR 1,610,081.91
Cost of materials EUR 98,750,545.88
Raw materials and supplies, purchased
goods EUR 98,750,545.88
Gross result (+/-) EUR 46,216,055.42
Staff expenses EUR 15,957,691.42
Wages and salaries EUR 13,413,086.96
Social security contributions and
expenses for pension plans and
benefits EUR 2,544,604.46
Total depreciation EUR 2,167,262.56
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,167,262.56
Other operating expenses EUR 25,103,928.41
Operating result from continuing
operations EUR 2,987,173.03
Interest result (+/-) EUR 227,507.51
Interest and similar income EUR 592,969.59
thereof from related companies EUR 433,795.88
Interest and similar expenses EUR 365,462.08
Financial result (+/-) EUR 227,507.51
Result from ordinary operations (+/-) EUR
3,214,680.54
Income tax / refund of income tax
(+/-)EUR -968,249.86
Other taxes / refund of taxes EUR -15,387.35
Tax (+/-) EUR -983,637.21
Annual surplus / annual deficit EUR 2,231,043.33
Type of balance
sheet: Company balance sheet
Origin of the
present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR 77,609,024.04
Fixed assets EUR 11,090,390.42
Intangible assets EUR 1,851,796.19
Concessions, licences, rights EUR 1,851,796.19
Tangible assets EUR 6,591,721.27
Land / similar rights EUR 691,937.64
Plant / machinery EUR 4,195,647.46
Other tangible assets / fixtures and
fittings EUR 1,589,636.17
Advance payments made / construction
in progress EUR 114,500.00
Financial assets EUR 2,646,872.96
Shares in participations /
subsidiaries and the like EUR 2,646,872.96
Shares in related companies EUR 2,646,872.96
Current assets EUR 66,270,363.10
Stocks EUR 21,389,321.38
Raw materials, consumables and
supplies EUR 6,159,171.60
Finished goods / work in progress EUR
14,947,897.59
Advance payments made EUR 282,252.19
Accounts receivable EUR 42,368,070.57
Amounts due from shareholders EUR 9,810,550.00
Trade debtors EUR 18,552,717.19
Other debtors and assets EUR 14,004,803.38
Liquid means EUR 2,512,971.15
Remaining other assets EUR 248,270.52
Accruals (assets) EUR 90,644.52
Deferred taxes (assets) EUR 157,626.00
LIABILITIES EUR 77,609,024.04
Shareholders' equity EUR 50,151,463.09
Capital EUR 25,600.00
Subscribed capital (share capital) EUR 25,600.00
Reserves EUR 49,554,545.21
Retained earnings / revenue reserves EUR 49,554,545.21
Balance sheet profit/loss (+/-) EUR 571,317.88
Annual surplus / annual deficit EUR 571,317.88
Provisions EUR 10,169,613.48
Pension provisions and comparable
provisions EUR 2,333,860.00
Provisions for taxes EUR 63,986.00
Other / unspecified provisions EUR 7,771,767.48
Liabilities EUR 17,287,947.47
Financial debts EUR 2,940,468.00
Liabilities due to banks EUR 2,940,468.00
Other liabilities EUR 14,347,479.47
Trade creditors (for IAS incl. bills
of exchange) EUR 11,201,516.52
Liabilities due to shareholders EUR 566,774.65
Unspecified other liabilities EUR 2,579,188.30
thereof liabilities from tax /
financial authorities EUR 204,291.47
thereof liabilities from social
security EUR 169,346.15
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR
151,266,893.33
Inventory change + own costs (+/-) EUR
-1,993,032.69
Inventory change (+/-) EUR -1,993,032.69
Other operating income EUR 1,438,272.15
Cost of materials EUR 104,570,496.39
Raw materials and supplies, purchased
goods EUR 104,570,496.39
Gross result (+/-) EUR 46,141,636.40
Staff expenses EUR 16,337,169.15
Wages and salaries EUR 13,730,477.37
Social security contributions and
expenses for pension plans and
benefits EUR 2,606,691.78
Total depreciation EUR
2,246,005.38
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,246,005.38
Other operating expenses EUR 26,365,386.44
Operating result from continuing
operations EUR 1,193,075.43
Interest result (+/-) EUR -250,699.30
Interest and similar income EUR 597,054.10
thereof from related companies EUR 404,066.45
Interest and similar expenses EUR 847,753.40
Financial result (+/-) EUR -250,699.30
Result from ordinary operations (+/-) EUR
942,376.13
Income tax / refund of income tax
(+/-)EUR -335,996.15
Other taxes / refund of taxes EUR -35,062.10
Tax (+/-) EUR -371,058.25
Annual surplus / annual deficit EUR 571,317.88
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.22 |
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|
1 |
INR 92.77 |
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Euro |
1 |
INR 80.34 |
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EUR |
1 |
INR 80.51 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.