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MIRA INFORM REPORT
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Report No. : |
499336 |
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Report Date : |
24.03.2018 |
IDENTIFICATION DETAILS
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Name : |
TEEGSCHWENDNER GMBH |
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Registered Office : |
Heidestr. 26, D 53340 Meckenheim |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
05.06.1978 |
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Com. Reg. No.: |
HRB 10373 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Wholesale of coffee,
tea, cocoa and spices ·
Other retail sale of
food ·
Retail sale of
furniture, lighting equipment and other household articles |
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No. of Employees : |
123 |
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 (30.09.2017) |
Current Rating (31.12.2017) |
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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 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.
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Source
: CIA |
Company
name & address
TEEGSCHWENDNER GMBH
Company Status: active
Heidestr. 26
D 53340 Meckenheim
Telephone:02225/92140
Telefax:
02225/921420
Homepage: www.teegschwendner.de
E-mail:
teemail@teegschwendner.de
Trade name: "DER
TEELADEN"
VAT no.: DE149876650
LEGAL FORM Private Limited Company
Date of foundation: 05.06.1978
Shareholders'
agreement:
05.06.1978
Registered on: 13.06.1994
Commercial Register: Local court 53111 Bonn
under: HRB 10373
Share capital: EUR 562,421.07
Shareholder:
Jonathan Gschwendner
Laufenbergstr. 28
D 53173 Bonn
born: 23.03.1983
Share: EUR 157,375.64
Shareholder:
Anna Geraldine Gschwendner
Laufenbergstr. 22
D 53173 Bonn
born: 27.02.1981
Share: EUR 157,375.64
Shareholder:
Kai Frings
Südallee 37b
D 54290 Trier
born: 26.09.1974
born: Gschwendner
Share: EUR 53,430.00
Shareholder:
Johannes
Gschwendner-Wellensiek
Kitzburger Str. 5
D 53332 Bornheim
born: 13.11.1992
Share: EUR 46,936.59
Shareholder:
Lukas
Gschwendner-Wellensiek
Kitzburger Str. 5
D 53332 Bornheim
born: 18.02.1988
Share: EUR 46,936.59
Shareholder:
Sophie Hagemeier
Kitzburger Str. 5
D 53332 Bornheim
born: 26.04.1990
née:
Gschwendner-Wellensiek
Share: EUR 46,936.59
Shareholder:
Karl Gschwendner
Im Rosengarten 3
D 53332 Bornheim
born: 31.10.1943
Share: EUR 33,745.26
Shareholder:
Nicola Gschwendner
Auf der Weismark 23
D 54294 Trier
born: 11.12.1980
Share: EUR 19,684.74
Manager:
Thomas Holz
D 53894 Mechernich
authorized to jointly
represent the company
born: 13.06.1957
Profession: Businessman
Marital status: unknown
Manager:
Alexander Mehnert
D 53111 Bonn
born: 30.07.1970
Proxy:
Dr. Henn Thomas
Köhlstr. 64
D 53125 Bonn
authorized to jointly
represent the company
born: 24.05.1963
Profession: Business
consultant
Marital status: unknown
Proxy:
Birgit Rohn
D 53111 Bonn
authorized to jointly
represent the company
born: 10.08.1966
Further functions/participations of Thomas
Holz (Manager)
Manager:
TGH Teehandels GmbH
Bergstr. 14
D 20095 Hamburg
Legal form: Private
limited company
Share capital: EUR 400,000.00
Registered
on: 10.11.2004
Reg. data: 20355 Hamburg, HRB 92011
Further functions/participations of Alexander
Mehnert (Manager)
Manager:
TGH Teehandels GmbH
Bergstr. 14
D 20095 Hamburg
Legal form: Private
limited company
Share capital: EUR 400,000.00
Registered
on: 10.11.2004
Reg. data: 20355 Hamburg, HRB 92011
COMPANY HISTORY
company name and legal form
11.03.1994 - 04.10.2000 "Der Teeladen" Gebrüder Gschwendner
GmbH
Heidestr. 26
D 53340 Meckenheim
Private limited
company
05.06.1978 - 11.03.1994 "Der Teeladen" Gebrüder Gschwendner
GmbH
Sternstr. 1
D 54290 Trier
Private limited
company
BUSINESS ACTIVITIES
Main industrial sector
4637
Wholesale of coffee, tea, cocoa and spices
4729
Other retail sale of food
Secondary industrial sector
4759
Retail sale of furniture, lighting equipment and other household
articles
BRANCHES AND FACTORIES
Branch:
TeeGschwendner GmbH
Seltersweg 18
D 35390 Gießen
TEL.: 0641/33055148
FINANCIAL INFORMATION
Payment experience: Regular
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 Heidestr. 26
D 53340 Meckenheim
Land register documents were not available.
BANKERS
A bank connection is unknown.
FINANCIAL FIGURES
Gross profit or loss:2016 EUR 15,983,630.00
Profit:
2016 EUR 935,795.00
Equipment: EUR 1,421,565.00
Ac/ts receivable: EUR 2,699,097.00
Liabilities: EUR 6,291,688.00
Real estate of the firm: EUR 1,143,140.00
Employees: 123
- thereof permanent staff: 123
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 48.53
Liquidity ratio: 0.51
Return on total capital [%]: 5.50
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 48.68
Liquidity ratio: 0.45
Return on total capital [%]: 9.26
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 46.09
Liquidity ratio: 0.78
Return on total capital [%]: 10.53
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 36.98
Liquidity ratio: 0.67
Return on total capital [%]: 7.52
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 17,099,115.41
Fixed
assets EUR 6,703,127.58
Intangible
assets EUR 591,611.50
Goodwill
EUR 71,447.00
Other /
unspecified intangible assetsEUR
520,164.50
Tangible
assets EUR 5,332,338.02
Land /
similar rights EUR
3,501,604.30
Plant /
machinery EUR 235,267.00
Other
tangible assets / fixtures and
fittings
EUR 1,421,565.00
Advance
payments made / construction
in
progress EUR 173,901.72
Financial
assets EUR 779,178.06
Shares in
participations /
subsidiaries and the like
EUR 628,893.81
Shares in
related companies EUR 628,893.81
Loans to
participations /
subsidiaries and the like
EUR 150,284.25
Loans to
related companies EUR 150,284.25
Current
assets EUR 10,309,143.56
Stocks EUR 7,102,663.56
Accounts
receivable EUR 2,699,096.53
thereof
total due from shareholders EUR 18,142.00
Amounts
due from related companies EUR 370,361.53
Other
debtors and assets EUR 2,328,735.00
Liquid
means EUR 507,383.47
Remaining
other assets EUR 86,844.27
Accruals
(assets) EUR 86,844.27
LIABILITIES EUR 17,099,115.41
Shareholders' equity EUR 7,772,552.52
Capital
EUR 562,421.07
Subscribed
capital (share capital) EUR 562,421.07
Reserves
EUR 200,895.00
Retained
earnings / revenue reserves EUR
200,895.00
Balance
sheet profit/loss (+/-) EUR 7,009,236.45
Balance
sheet profit / loss EUR
7,009,236.45
Provisions EUR 3,034,875.00
Liabilities EUR 6,291,687.89
thereof
total due to shareholders EUR 572,608.00
Financial
debts EUR 3,388,880.00
Liabilities due to banks
EUR 3,388,880.00
Other
liabilities EUR 2,902,807.89
Unspecified other liabilities
EUR 2,902,807.89
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result
(+/-) EUR 15,983,629.95
Staff
expenses EUR 6,612,497.01
Wages and
salaries EUR 5,602,669.08
Social
security contributions and
expenses
for pension plans and
benefits
EUR 1,009,827.93
Total
depreciation EUR 753,306.79
Depreciation on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 753,306.79
Other
operating expenses EUR 6,935,264.11
Operating
result from continuing
operations EUR 1,682,562.04
Interest
result (+/-) EUR -176,393.67
Interest
and similar income EUR 40,435.85
thereof
from related companies EUR 14,329.00
Interest
and similar expenses EUR 216,829.52
Financial
result (+/-) EUR -176,393.67
Result from
ordinary operations (+/-) EUR 1,506,168.37
Income tax /
refund of income tax (+/-)EUR
-548,262.14
Other taxes
/ refund of taxes EUR -22,111.15
Tax
(+/-)
EUR -570,373.29
Annual
surplus / annual deficit EUR 935,795.08
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 15,674,829.32
Fixed
assets EUR 6,359,781.72
Intangible
assets EUR 386,073.50
Goodwill
EUR 110,320.00
Other /
unspecified intangible assetsEUR
275,753.50
Tangible
assets EUR 5,200,546.15
Land /
similar rights EUR 3,555,616.12
Plant /
machinery EUR 254,902.00
Other
tangible assets / fixtures and
fittings
EUR 1,351,699.00
Advance
payments made / construction
in
progress EUR 38,329.03
Financial
assets EUR 773,162.07
Shares in
participations /
subsidiaries and the like
EUR 628,893.81
Shares in
related companies EUR 628,893.81
Loans to
participations /
subsidiaries and the like
EUR 144,268.26
Loans to
related companies EUR 144,268.26
Current
assets EUR 9,145,705.86
Stocks EUR 6,658,037.55
Accounts
receivable EUR 1,994,287.76
thereof
total due from shareholders EUR 28,679.00
Amounts
due from related companies EUR 217,874.43
Other debtors and assets EUR 1,776,413.33
Liquid
means EUR 493,380.55
Remaining
other assets EUR 169,341.74
Accruals
(assets) EUR 169,341.74
LIABILITIES EUR 15,674,829.32
Shareholders' equity EUR 7,182,817.20
Capital
EUR 562,421.07
Subscribed
capital (share capital) EUR 562,421.07
Reserves
EUR 200,895.00
Retained
earnings / revenue reserves EUR
200,895.00
Balance
sheet profit/loss (+/-) EUR 6,419,501.13
Balance
sheet profit / loss EUR 6,419,501.13
Provisions EUR 3,078,362.91
Liabilities EUR 5,413,649.21
thereof
total due to shareholders EUR 519,211.00
Financial
debts EUR 2,531,250.00
Liabilities due to banks
EUR 2,531,250.00
Other
liabilities EUR 2,882,399.21
Unspecified other liabilities
EUR 2,882,399.21
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result
(+/-) EUR 17,459,060.24
Staff
expenses EUR 6,035,791.56
Wages and
salaries EUR 4,892,410.00
Social
security contributions and
expenses
for pension plans and
benefits
EUR 1,143,381.56
Total
depreciation EUR 682,061.41
Depreciation on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 682,061.41
Other
operating expenses EUR 8,214,906.29
Operating
result from continuing
operations EUR 2,526,300.98
Interest
result (+/-) EUR -199,622.47
Interest
and similar income EUR 50,923.22
thereof
from related companies EUR 11,820.00
Interest
and similar expenses EUR 250,545.69
Financial
result (+/-) EUR -199,622.47
Result from
ordinary operations (+/-) EUR 2,326,678.51
Extraordinary expenses EUR 53,936.00
Extraordinary result (+/-) EUR -53,936.00
Income tax /
refund of income tax (+/-)EUR
-868,795.82
Other taxes
/ refund of taxes EUR -19,707.66
Tax
(+/-)
EUR -888,503.48
Annual
surplus / annual deficit EUR 1,384,239.03
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.13 |
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|
1 |
INR 91.95 |
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Euro |
1 |
INR 80.34 |
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EUR |
1 |
INR 80.34 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
VIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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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 |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.