MIRA INFORM REPORT

 

 

Report No. :

489911

Report Date :

06.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

KIK TEXTILIEN UND NON-FOOD GMBH

 

 

Registered Office :

Siemensstr. 21, D 59199 Bönen, Post Box:12 43, D 59194 Bönen

 

 

Country :

Germany

 

 

Date of Incorporation :

25.04.1994

 

 

Com. Reg. No.:

HRB 4085

 

 

Legal Form :

Private limited company

 

 

Line of Business :

·         Wholesale of textiles

·         Retail sale of clothing

 

 

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

(30.06.2017)

Current Rating

(30.09.2017)

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 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, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2018.

 

Source : CIA

 

Company Name AND ADDRESS 

 

Report on:           KiK Textilien und Non-Food GmbH

 

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-textilien.de

 

Company Status:      active

                     

VAT no.:             DE811671397

 

 CONCLUSION

 Business relations are permissible.

 

 

COMPANY SUMMERY

 

 LEGAL FORM              Private limited company

 Date of foundation:      25.04.1994

 Shareholders'

 agreement:                   25.04.1994

 Registered on:              24.09.2001

 Commercial Register:   Local court 59065 Hamm

 under:                                       HRB 4085

 

 Share capital:                          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         12,961,249.19

                      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         30,025,000.00

                      Share:             EUR          2,331,490.98

                      Registered on: 20.09.2011

                      Reg. data: 59065 Hamm, HRB 7285

 Shareholder:

                      Patrick Zahn

                      D 50933 Köln

                      born: 21.08.1976

                      Share:             EUR             30,677.51

 Shareholder:

                      Darius Kauthe

                      Martinikirchhof 5-6

                      D 48143 Münster

                      born: 06.01.1968

                      Share:             EUR             15,338.76

 President of the Board of Management:

                      Patrick Zahn

                      D 50933 Köln

                      born: 21.08.1976

 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

                      Martinikirchhof 5-6

                      D 48143 Münster

                      born: 06.01.1968

 Manager:

                      Patrick Zahn

                      D 50933 Köln

                      born: 21.08.1976

 Manager:

                      Sebastian Bader

                      D 20095 Hamburg

                      born: 12.07.1976

 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:

                      Jean-Luc Alain Wild

                      F  Souffelweyersheim

                      authorized to jointly represent the company

                      born: 11.12.1962

                      Nationality: French

 Proxy:

                      Stefanie Artmann

                      D 46459 Rees

                      authorized to jointly represent the company

                      born: 01.12.1970

 Proxy:

                      Markus Möschter

                      D 48231 Warendorf

                      authorized to jointly represent the company

                      born: 20.12.1978

 

 Further functions/participations of Patrick Zahn (President of

 the Board of Management)

 General partner:

                      Warweg, Zahn GbR

                      D 65779 Kelkheim

                      Legal form: Partnership under the Civil Code

 Limited partner:

                      ANMAX Immobilien und Beteiligungs-GmbH & Co.

                      Kommanditgesellschaft

                      Theodor-Heuss-Ring 38-40

                      D 50668 Köln

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR            511,291.89

                      contribution:

                      Share:             EUR            242,612.69

                      Registered

                      on:         19.11.1997

                      Reg. data:  50939 Köln, HRA 14008

 Limited partner:

                      "Santa Maria" GmbH & Co. Holding KG

                      Wissollstr. 5-43

                      D 45478 Mülheim

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR         10,000,000.00

                      contribution:

                      Share:             EUR            100,000.00

                      Registered

                      on:         13.07.2017

                      Reg. data:  47051 Duisburg, HRA 12220

 Shareholder:

                      ANMAX Immobilien- und Beteiligungs

                      Verwaltungs-GmbH

                      Theodor-Heuss-Ring 38-40

                      D 50668 Köln

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Share:             EUR              6,237.76

                      Registered

                      on:         06.05.1997

                      Reg. data:  50939 Köln, HRB 28698

 

 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:

                      EMX24 GmbH

                      Siemensstr. 21

                      D 59199 Bönen

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         02.02.2018

                      Reg. data:  59065 Hamm, HRB 9277

 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

 

 Further functions/participations of Patrick Zahn (Manager)

 General partner:

                      Warweg, Zahn GbR

                      D 65779 Kelkheim

                      Legal form: Partnership under the Civil Code

 Limited partner:

                      ANMAX Immobilien und Beteiligungs-GmbH & Co.

                      Kommanditgesellschaft

                      Theodor-Heuss-Ring 38-40

                      D 50668 Köln

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR            511,291.89

                      contribution:

                      Share:             EUR            242,612.69

                      Registered

                      on:         19.11.1997

                      Reg. data:  50939 Köln, HRA 14008

 Limited partner:

                      "Santa Maria" GmbH & Co. Holding KG

                      Wissollstr. 5-43

                      D 45478 Mülheim

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR         10,000,000.00

                      contribution:

                      Share:             EUR            100,000.00

                      Registered

                      on:         13.07.2017

                      Reg. data:  47051 Duisburg, HRA 12220

 Shareholder:

                      ANMAX Immobilien- und Beteiligungs

                      Verwaltungs-GmbH

                      Theodor-Heuss-Ring 38-40

                      D 50668 Köln

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Share:             EUR              6,237.76

                      Registered

                      on:         06.05.1997

                      Reg. data:  50939 Köln, HRB 28698

 

 

 COMPANY HISTORY

 

 company name and legal form

 17.11.1994 - 31.07.2001  Kik Textilien und Non-Food GmbH

                          Heßlingsweg 44

                          D 44309 Dortmund

                          Private limited company

 10.05.1994 - 17.11.1994  Kik Textilien und Non-Food GmbH

                          Stehfenstr. 8

                          D 59439 Holzwickede

                          Private limited company

 25.04.1994 - 10.05.1994  KiK Textilien und Nonfood GmbH

                          Alfred-Krupp-Str. 21

                          D 48291 Telgte

                          Private limited company

 

 

 RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 01.10.1998 - 31.12.2015  President of the Board of Management

                          Heinz Speet

                          D 49740 Haselünne

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 4641    Wholesale of textiles

47710   Retail sale of clothing

 

 

BRANCHES AND FACTORIES

 

 Works:

                      KiK Textilien und Non-Food GmbH

                      Untere Au 1

                      D 97702 Münnerstadt

                      TEL.: 02383/9540

                      FAX.: 02383/954130

 Works:

                      KiK Textilien und Non-Food GmbH

                      Westring 1

                      D 59065 Hamm

 Works:

                      KiK Textilien und Non-Food GmbH

                      Ahlener Str. 132

                      D 59073 Hamm

 Works:

                      KiK Textilien und Non-Food GmbH

                      Wilhelmstr. 197

                      D 59067 Hamm

 Works:

                      KiK Textilien und Non-Food GmbH

                      Friedrich-Ebert-Str. 14

                      D 59075 Hamm

 Works:

                      KiK Textilien und Non-Food GmbH

                      Kamener Str. 105

                      D 59077 Hamm

 Works:

                      KiK Textilien und Non-Food GmbH

                      Hammer Str. 29

                      D 59227 Ahlen

 Works:

                      KiK Textilien und Non-Food GmbH

                      Am Römerlager 1

                      D 59192 Bergkamen

 Works:

                      KiK Textilien und Non-Food GmbH

                      Bahnhofstr. 84

                      D 59199 Bönen

 Works:

                      KiK Textilien und Non-Food GmbH

                      Klöcknerstr. 1

                      D 59368 Werne

 Works:

                      KiK Textilien und Non-Food GmbH

                      Sendenhorster Str. 12c

                      D 48317 Drensteinfurt

 Works:

                      KiK Textilien und Non-Food GmbH

                      Ladestr. 40

                      D 59514 Welver

 Works:

                      KiK Textilien und Non-Food GmbH

                      Hertingerstr. 17

                      D 59423 Unna

PARTICIPATIONS

 

 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          2,500,000.00

                      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

 

 

FINANCIAL INFORMATION

 

 Payment experience:  No Complaints

 

 Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

 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.

 

 

BANKERS

 

 Principal bank

 COMMERZBANK, 44047 DORTMUND

 Sort. code: 44040037, Account no.: 340022300

 BIC: COBADEFFXXX, IBAN: DE87440400370340022300

 

 

 FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Share capital:                          EUR         15,338,756.44

 The number of employees is not known.

 

 Profit transfer agreement to:

                      Tengelmann International Gesellschaft mit

                      beschränkter Haftung

                      Wissollstr. 5-43

                      D 45478 Mülheim

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.03

UK Pound

1

INR 90.40

Euro

1

INR 79.73

Euro

1

INR 79.31

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

KET

 

 

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.