MIRA INFORM REPORT

 

 

Report No. :

504987

Report Date :

27.04.2018

 

 

IDENTIFICATION DETAILS

 

Name :

HANS KNIEBES GMBH

 

 

Registered Office :

Maarweg 46 D 53619 Rheinbreitbach

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

1926

 

 

Com. Reg. No.:

HRB 12683

 

 

Legal Form :

Private limited company

 

 

Line of Business :

·         Manufacture of perfumes and toilet preparations

·         Wholesale of iron ores, iron, steel and iron and steel semi-finished goods

·         Retail sale of cosmetics and toilet articles

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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 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

 

Company name and address 

 

Hans Kniebes GmbH

Maarweg 46

D 53619 Rheinbreitbach

Telephone:02224/6487

Telefax:  02224/6407

Homepage: www.hanskniebes.de

E-mail:   info@hanskniebes.de

 

 

Company Status

 

Active

                     

 

VAT no.

 

DE123328918

 

 

Tax ID number

 

32/650/0523/4

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Company summery

 

 LEGAL FORM              Private limited company

 Date of foundation:        1926

 Registered on:              15.12.1992

 Commercial Register:    Local court 56410 Montabaur

 under:                          HRB 12683

 

 Share capital:                          EUR             52,000.00

 

 Shareholder:

                      Hans-Joachim Kniebes

                      Karl-Simrock-Str. 30

                      D 53604 Bad Honnef

                      born: 01.10.1966

                      Share:             EUR             26,000.00

 Shareholder:

                      Hardy Kniebes

                      Josef-Brungs-Str. 11

                      D 53604 Bad Honnef

                      born: 08.04.1970

                      Share:             EUR             26,000.00

 Manager:

                      Hans-Joachim Kniebes

                      Karl-Simrock-Str. 30

                      D 53604 Bad Honnef

                      having sole power of representation

                      born: 01.10.1966

 Manager:

                      Hardy Kniebes

                      Josef-Brungs-Str. 11

                      D 53604 Bad Honnef

                      having sole power of representation

                      born: 08.04.1970

                      Profession: Clerk

                      Marital status: unknown

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

20420   Manufacture of perfumes and toilet preparations

46721   Wholesale of iron ores, iron, steel and iron and steel semi-finished goods

47750   Retail sale of cosmetics and toilet articles

 

 

FINANCIAL INFORMATION

 

 Payment experience:    No Complaints

 

 Negative information:     We have no negative information at hand.

 

 Balance sheet year:      2016

 

 

REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Maarweg 46

                                    D 53619 Rheinbreitbach

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal banks

 VOLKSBANK KOBLENZ MITTELRHEIN, 56564 NEUWIED

 Sort. code: 57090000

 BIC: GENODE51KOB

 DEUTSCHE BANK, 53604 BAD HONNEF

 Sort. code: 38070059

 BIC: DEUTDEDK380

 

 

FINANCIAL FIGURES

 

 Profit:              2016               EUR             15,713.00

 Ac/ts receivable:                       EUR            415,113.00

 Liabilities:                            EUR            252,671.00

 The number of employees is not known.

 

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.01.2016 - 31.12.2016

 Equity ratio [%]:                 69.66

 Liquidity ratio:                   2.64

 Return on total capital [%]:       1.79

 

 Balance sheet ratios 01.01.2015 - 31.12.2015

 Equity ratio [%]:                 68.21

 Liquidity ratio:                   2.06

 Return on total capital [%]:      -3.20

 

 Balance sheet ratios 01.01.2014 - 31.12.2014

 Equity ratio [%]:                 73.70

 Liquidity ratio:                   9.52

 Return on total capital [%]:       0.06

 

 Balance sheet ratios 01.01.2013 - 31.12.2013

 Equity ratio [%]:                 67.80

 Liquidity ratio:                   2.50

 Return on total capital [%]:       1.84

 

 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            879,220.37

  Fixed assets                           EUR             14,267.50

   Intangible assets                     EUR                436.00

   Tangible assets                       EUR             13,831.50

  Current assets                         EUR            859,889.21

   Stocks                                EUR            349,568.51

   Accounts receivable                   EUR            415,113.06

   Liquid means                          EUR             95,207.64

  Remaining other assets                 EUR              5,063.66

   Accruals (assets)                     EUR              5,063.66

 

 LIABILITIES                             EUR            879,220.37

  Shareholders' equity                   EUR            612,542.77

   Capital                               EUR             52,000.00

    Subscribed capital (share capital)   EUR             52,000.00

   Balance sheet profit/loss (+/-)       EUR            560,542.77

    Profit / loss brought forward        EUR            544,829.65

    Annual surplus / annual deficit      EUR             15,713.12

  Provisions                             EUR             14,006.35

  Liabilities                            EUR            252,671.25

 

 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            874,420.10

  Fixed assets                           EUR             19,328.00

   Intangible assets                     EUR              2,609.50

   Tangible assets                       EUR             16,718.50

  Current assets                         EUR            850,382.08

   Stocks                                EUR            362,031.23

   Accounts receivable                   EUR            420,006.24

   Liquid means                          EUR             68,344.61

  Remaining other assets                 EUR              4,710.02

   Accruals (assets)                     EUR              4,710.02

 

 LIABILITIES                             EUR            874,420.10

  Shareholders' equity                   EUR            596,829.65

   Capital                               EUR             52,000.00

    Subscribed capital (share capital)   EUR             52,000.00

   Balance sheet profit/loss (+/-)       EUR            544,829.65

    Profit / loss brought forward        EUR            572,771.24

    Annual surplus / annual deficit      EUR            -27,941.59

  Provisions                             EUR              5,400.00

  Liabilities                            EUR            272,190.45

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 66.83

UK Pound

1

INR 93.17

Euro

1

INR 81.38

Euro

1

INR 80.62

                                                                  

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TRU

                                                


 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.