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MIRA INFORM REPORT
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Report No. : |
488194 |
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Report Date : |
30.01.2018 |
IDENTIFICATION DETAILS
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Name : |
TCHIBO
GMBH |
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Formerly Known As : |
TCHIBO FRISCH-RÖST-KAFFEE GMBH |
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Registered Office : |
Überseering
18 D 22297 Hamburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
1949 |
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Com. Reg. No.: |
HRB 43618 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Subject is
engaged in Processing of coffee and tea ·
Manufacture
of other food products ·
Wholesale of
coffee, tea, cocoa and spices |
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No. of Employees : |
12,200 |
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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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.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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
TCHIBO
GmbH
Company Status: active
Überseering 18
D 22297 Hamburg
Telephone:040/6387-0
Telefax: 040/6387-2600
Homepage: www.tchibo.com
E-mail: presse@tchibo.de
VAT no.: DE811164447
CONCLUSION
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1949
Shareholders'
agreement: 28.11.1989
Registered on: 26.01.1990
Commercial Register: Local court 20355 Hamburg
under:
HRB 43618
Share capital: EUR 40,500,000.00
Shareholder:
maxingvest ag
Alter Wandrahm 17/18
D 20457 Hamburg
Legal form: Public
limited company
Share capital: EUR
125,000,000.00
Share: EUR 40,500,000.00
Registered on: 08.05.1978
Reg. data: 20355 Hamburg,
HRB 21337
Control and profit
transfer agreement
Manager:
Yves Marc Müller
Goernestr. 29
D 20249 Hamburg
authorized to jointly
represent the company
born: 11.10.1969
Marital status: unknown
Manager:
Ines Mareike von Jagemann
D 24159 Kiel
born: 31.07.1974
Manager:
Carsten Dietrich Wehrmann
D 51427 Bergisch Gladbach
born: 05.10.1968
Manager:
Senay Kücük Tansu
D 22297 Hamburg
born: 03.02.1970
Manager:
Thomas Linemayr
D 22297 Hamburg
born: 13.10.1960
Manager:
Erwin Hinteregger
D 22297 Hamburg
authorized to jointly
represent the company
born: 19.04.1969
President of the Supervisory Board:
Michael Herz
Agnesstr. 41
D 22301 Hamburg
born: 28.09.1943
Profession: Manager
Marital status: married
Vice-president of the Supervisory Board:
Arno Bayer
D 24568 Kaltenkirchen
Marital status: unknown
Member of the Supervisory Board:
Wolfgang Herz
Bellevue 18
D 22301 Hamburg
born: 25.05.1950
Profession: Businessman
Marital status: married
Member of the Supervisory Board:
Thomas Holzgreve
D 23843 Bad Oldesloe
born: 25.02.1957
Profession: Fully
qualified merchant
Marital status: unknown
Member of the Supervisory Board:
Björn Gulden
In der Fleite 8
D 45529 Hattingen
born: 04.06.1965 in
Zurich
Nationality: Norwegian
Marital status: married
Member of the Supervisory Board:
Christian Jensen
Lottbeker Weg 101
D 22395 Hamburg
born: 27.04.1968
Marital status: unknown
Member of the Supervisory Board:
Ralf Greim
Plettenberger Weg 9
D 28205 Bremen
Profession: Business
consultant
Marital status: unknown
Member of the Supervisory Board:
Emilja Mitrovic
D 20095 Hamburg
Profession: Author
Marital status: unknown
Member of the Supervisory Board:
Martin Hansson
S Malmö
born: 26.06.1975
Nationality: Swedish
Marital status: unknown
Member of the Supervisory Board:
Werner Weber
D 65033 Wiesbaden
Profession: Business
consultant
Marital status: unknown
Member of the Supervisory Board:
Sabine Willers
D 22844 Norderstedt
Marital status: unknown
Member of the Supervisory Board:
Katharina Sehne
D 20095 Hamburg
Marital status: unknown
Proxy:
Rainer Schmetzer
D 68775 Ketsch
authorized to jointly
represent the company
born: 15.07.1961
Proxy:
Philip Walter Seitz
Ebertallee 16
D 22607 Hamburg
authorized to jointly
represent the company
born: 15.08.1962
Profession: Solicitor
Marital status: unknown
Proxy:
Wibke Bachor
Osterbekstr. 90a
D 22083 Hamburg
authorized to jointly
represent the company
born: 06.08.1968
née: Harms
Proxy:
Jochen Eckhold
D 22297 Hamburg
authorized to jointly
represent the company
born: 01.12.1969
Proxy:
Esref Önal Öncebe
D 22952 Lütjensee
authorized to jointly
represent the company
born: 19.04.1963
Proxy:
Marc-Stephan Heinsen
D 22844 Norderstedt
authorized to jointly
represent the company
born: 19.08.1965
Proxy:
Hamid Dastmalchian
D 22297 Hamburg
authorized to jointly
represent the company
born: 08.11.1966
Proxy:
Ralph Dirk Ludwig
D 40210 Düsseldorf
authorized to jointly
represent the company
born: 19.09.1966
Further functions/participations of Yves Marc
Müller (Manager)
Member of the Board of Directors:
HUGO BOSS AG
Dieselstr. 12
D 72555 Metzingen
Legal form: Public
limited company
Share capital: EUR
70,400,000.00
Registered
on: 01.09.1948
Reg. data: 70190 Stuttgart, HRB 360610
Further functions/participations of Thomas
Linemayr (Manager)
Manager:
TCHIBO Produktions GmbH
Süderstr. 293
D 20537 Hamburg
Legal form: Private
limited company
Share capital: EUR 1,600,000.00
Registered
on: 04.01.2006
Reg. data: 20355 Hamburg, HRB 96004
COMPANY HISTORY
company name and legal form
28.11.1989 - 26.03.2004 TCHIBO Frisch-Röst-Kaffee GmbH
Überseering 18
D 22297 Hamburg
Private limited company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
04.11.2010 - 06.04.2017 Manager
Holger Bellmann
Große Str. 139
D 21075 Hamburg
16.03.2011 - 24.02.2017 Member of the Supervisory Board
Prof. Dr. Reinhard
Karl Georg Pöllath
D 80331 München
16.03.2011 - 24.02.2017 Member of the Supervisory Board
Manfred Schmidt
CH Genf
20.01.2006 - 09.01.2017 Manager
Dr. Markus Jochen
Conrad
Goßlerstr. 24
D 22587 Hamburg
17.07.2013 - 23.11.2015 Manager
Pieter Patrick Raming
D 22297 Hamburg
16.05.2013 - 23.11.2015 Manager
Dr. Sven Axel Groos
D 20095 Hamburg
BUSINESS ACTIVITIES
Sectors
1083
Processing of coffee and tea
1089 Manufacture of other food products n.e.c.
46370 Wholesale of coffee, tea, cocoa and spices
46903 Non-specialized wholesale trade
BRANCHES AND FACTORIES
Works:
TCHIBO GmbH
Max-Herz-Str. 5
D 92318 Neumarkt
Works:
TCHIBO GmbH
Am Heisterbusch 11
D 19258 Gallin
TEL.: 01805/829000
Branch:
TCHIBO GmbH
Altonaer Str. 40
D 25436 Tornesch
Branch:
TCHIBO GmbH
Wendenstr. 464
D 20537 Hamburg
Branch:
TCHIBO GmbH
Alexanderplatz 2
D 10178 Berlin
TEL.: 030-24720696
Branch:
TCHIBO GmbH
Neue Eiler Str. 28
D 51145 Köln
Branch:
TCHIBO GmbH
Bruchstr. 5c
D 45883 Gelsenkirchen
TEL.: 0209/9411212
Branch:
TCHIBO GmbH
Pickhuben 5
D 20457 Hamburg
PARTICIPATIONS
Limited partner:
TCHIBO Manufacturing GmbH &
Co. KG
Überseering 18
D 22297 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 36,500,000.00
contribution:
Share: EUR 36,500,000.00
Reg. data: 12.01.2005
Local court
20355 Hamburg
HRA 101412
Limited partner:
Next Commerce Accelerator
Beteiligungsgesellschaft
mbH & Co. KG
Neuer Wall 10
D 20354 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 1,220,000.00
contribution:
Share: EUR 200,000.00
Reg. data: 17.05.2017
Local court
20355 Hamburg
HRA 121587
Limited partner:
Meister-Kaffee GmbH &
Co. Vertriebs
Kommanditgesellschaft
Überseering 18
D 22297 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 102,258.38
contribution:
Share: EUR 76,693.78
Reg. data: 25.11.2003
Local court
20355 Hamburg
HRA 99381
Limited partner:
Tchibo Markenverwaltungs
GmbH & Co. KG
Am Heisterbusch 11
D 19258 Gallin
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 100,000.00
contribution:
Share: EUR 100,000.00
Reg. data: 23.10.2007
Local court 19053 Schwerin
HRA 2757
Limited partner:
Olymp Vermögensverwaltung
GmbH & Co.
Dienstleistungs-KG
Am Heisterbusch 11
D 19258 Gallin
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 100,000.00
contribution:
Share: EUR 94,000.00
Reg. data: 04.08.2003
Local court
19053 Schwerin
HRA 2183
Limited partner:
TCHIBO Mobilfunk GmbH
& Co. KG
Überseering 18
D 22297 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 25,000.00
contribution:
Share: EUR 12,500.00
Reg. data:
12.12.2003
Local court
20355 Hamburg
HRA 99535
Shareholder:
TCHIBO Produktions GmbH
Süderstr. 293
D 20537 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,600,000.00
Share: EUR 1,600,000.00
Reg. data: 04.01.2006
Local court
20355 Hamburg
HRB 96004
Shareholder:
G. C. Breiger &
Company GmbH
Pickhuben 5
D 20457 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 925,000.00
Share: EUR 925,000.00
Reg. data: 31.01.1988
Local court
20355 Hamburg
HRB 33715
Shareholder:
International Coffee
Partners GmbH
Am Sandtorpark 4
D 20457 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 175,000.00
Share: EUR 25,000.00
Reg. data: 20.06.2001
Local court
20355 Hamburg
HRB 80448
Shareholder:
TCHIBO Mobilfunk
Beteiligungs- GmbH
Überseering 18
D 22297 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Reg. data: 09.01.2004
Local court
20355 Hamburg
HRB 89386
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
REAL ESTATE
Type of ownership: Tenant
Address Überseering 18
D 22297 Hamburg
Real Estate of: maxingvest ag
Type of ownership: proprietor
Share: 100.00 %
Address Überseering 18
D 22297 Hamburg
Real Estate of: maxingvest ag
Type of ownership: Tenant
Address Alter Wandrahm 17/18
D 20457 Hamburg
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000
BIC: COBADEHHXXX
Further banks
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000
BIC: DEUTDEHHXXX
SEB MERCHANT BANK HAMBURG, 20010 HAMBURG
Sort. code: 20020200
BIC: ESSEDEFFHAM
FINANCIAL FIGURES
Turnover: 2016 EUR 3,310,000,000.00
Real estate of the firm: EUR 66,886.00
Employees: 12,200
Control and profit transfer agreement to:
maxingvest ag
Alter Wandrahm 17/18
D 20457 Hamburg
Financials
BALANCE SHEETS
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 54.90
Liquidity ratio: 1.24
Return on total capital [%]: 17.53
Balance sheet grade: 1.4
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: self-disclosure
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 1,180,449,139.00
Fixed assets EUR 482,501,035.00
Intangible assets EUR 43,079,745.00
Concessions, licences, rights EUR 38,019,556.00
Advance payments for intang. assets EUR
5,060,189.00
Tangible assets EUR 77,862,985.00
Land / similar rights EUR 66,886.00
Plant / machinery EUR 8,498,619.00
Other tangible assets / fixtures and
fittings EUR 67,301,342.00
Advance payments made / construction
in progress EUR 1,996,138.00
Financial assets EUR 361,558,305.00
Shares in participations /
subsidiaries and the like EUR 361,486,875.00
Shares in related companies EUR 354,845,757.00
Shares in investee companies EUR 6,641,118.00
Other loans EUR 71,430.00
Current assets EUR 696,152,461.00
Stocks EUR 439,927,298.00
Raw materials, consumables and
supplies EUR 47,237,348.00
Finished goods / work in progress EUR
390,221,812.00
Advance payments made EUR 2,468,138.00
Accounts receivable EUR 246,852,479.00
Trade debtors EUR 130,292,063.00
Amounts due from related companies EUR
105,963,913.00
Other debtors and assets EUR 10,596,503.00
Liquid means EUR 9,372,684.00
Remaining other assets EUR 1,795,643.00
Accruals (assets) EUR 1,066,394.00
Active difference from asset
offsetting EUR
729,249.00
LIABILITIES EUR 1,180,449,139.00
Shareholders' equity EUR 297,713,535.00
Capital EUR 40,500,000.00
Subscribed capital (share capital) EUR
40,500,000.00
Reserves EUR 257,213,535.00
Capital reserves EUR 257,213,535.00
Items between shareholders' equity and
debt capital EUR 20,196,283.00
Special items with reserve funds EUR 20,196,283.00
Provisions EUR 312,226,222.00
Pension provisions and comparable
provisions EUR
107,047,937.00
Other / unspecified provisions EUR 205,178,285.00
Liabilities EUR 549,002,622.00
thereof total due to shareholders EUR
340,309,561.00
Financial debts EUR 2,502,526.00
Liabilities due to banks EUR 2,502,526.00
Other liabilities EUR 546,500,096.00
Trade creditors (for IAS incl. bills
of exchange) EUR
98,747,222.00
Liabililties due to related
companiesEUR 398,870,549.00
Liabilities due to investee
companiesEUR 3,656,156.00
Unspecified other liabilities EUR 45,226,169.00
thereof liabilities from tax /
financial authorities EUR 31,320,664.00
thereof liabilities from social
security EUR 396,184.00
Other liabilities EUR 1,310,477.00
Deferrals (liabilities) EUR 1,310,477.00
Guarantees and other commitments EUR 21,805,291.00
Guarantees / warranties EUR 21,805,291.00
Guarantees EUR 21,805,291.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 2,911,596,351.00
Inventory change + own costs (+/-) EUR 3,926,124.00
Capitalised own costs EUR 3,926,124.00
Other operating income EUR 156,536,477.00
Cost of materials EUR 1,687,667,308.00
Raw materials and supplies, purchased
goods EUR 1,687,667,308.00
Gross result (+/-) EUR 1,384,391,644.00
Staff expenses EUR 294,358,718.00
Wages and salaries EUR 243,416,547.00
Social security contributions and
expenses for pension plans and
benefits EUR 50,942,171.00
Total depreciation EUR 33,946,496.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 33,946,496.00
Other operating expenses EUR 898,586,104.00
Operating result from continuing
operations EUR 157,500,326.00
Result from participating interests
(+/-) EUR 64,964,271.00
Expenses / income from participations
EUR 64,964,271.00
Income from transfer of profits EUR 11,809,556.00
Income from related companies EUR
53,154,715.00
Expenses for the transfer of losses EUR
2,251,976.00
Interest result (+/-) EUR -13,110,724.00
Interest and similar income EUR 103,942.00
thereof from related companies EUR 9,987.00
Interest and similar expenses EUR 13,214,666.00
thereof paid to related companies EUR
1,938,557.00
Other financial result EUR 674.00
Income from securities and loans from
financial assets EUR 674.00
Financial result (+/-) EUR 49,602,245.00
Result from ordinary operations (+/-) EUR
207,102,571.00
Expenses for transfer of profits to a
parent company EUR 206,990,378.00
Income tax / refund of income tax
(+/-)EUR -1,843.00
Other taxes / refund of taxes EUR -110,350.00
Tax (+/-) EUR -112,193.00
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.54 |
|
|
1 |
INR 89.82 |
|
Euro |
1 |
INR 78.86 |
|
EURO |
1 |
INR 79.05 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
DNS |
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.