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MIRA INFORM REPORT
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Report No. : |
507577 |
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Report Date : |
04.05.2018 |
IDENTIFICATION DETAILS
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Name : |
NKD SERVICES GMBH |
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Registered Office : |
Bühlstr. 5-7, D 95463 Bindlach |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
06.06.2013 |
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Com. Reg. No.: |
HRB 5758 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
·
Other support services for
transportation n.e.c. ·
Other business support service
activities n. e. c. |
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No. of Employees : |
508 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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
|
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
NKD SERVICES GMBH
Company Status: active
Bühlstr. 5-7
D 95463 Bindlach
Telephone:09208/699-0
Telefax:
09208/699-209
E-mail:
info@nkd.de
VAT
no.: DE289662790
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 06.06.2013
Shareholders'
agreement: 06.06.2013
Registered on: 13.06.2013
Commercial Register: Local court 95444
Bayreuth
under: HRB 5758
Share capital: EUR 25,100.00
Shareholder:
NKD Holdings GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,100.00
Registered on: 17.02.2014
Reg. data: 95444
Bayreuth, HRB 5902
Manager:
Dr. Ulrich Hanfeld
D 82166 Gräfelfing
born: 05.09.1962
Manager:
Wilko Rüdiger Hartmann
Kampenwandstr. 18c
D 85586 Poing
born: 23.05.1967
Manager:
Alexander Schmökel
D 94060 Pocking
born: 14.08.1965
Manager:
Christian Welles
A Wien
born: 21.04.1970
Nationality: Austrian
Proxy:
Anton Fuchs
D 95500 Heinersreuth
authorized to jointly
represent the company
born: 11.07.1953
Proxy:
Gerhard Güldner
D 95444 Bayreuth
authorized to jointly
represent the company
born: 21.06.1956
Proxy:
Torsten Schwiers
D 95463 Bindlach
authorized to jointly
represent the company
born: 18.11.1965
Proxy:
Jörg Roßberg
D 95488 Eckersdorf
authorized to jointly
represent the company
born: 24.04.1967
Profession: Solicitor
Proxy:
Max Josef Rudhart
D 88662 Überlingen
authorized to jointly
represent the company
born: 18.01.1969
Proxy:
Norbert Siedlaczek
D 92242 Hirschau
authorized to jointly represent the company
born: 13.04.1970
Proxy:
Christina Schmitt
D 80331 München
authorized to jointly
represent the company
born: 21.07.1969
Proxy:
Dr. Tobias Berblinger
D 76835 Rhodt
authorized to jointly
represent the company
born: 07.12.1968
Further
functions/participations of Dr. Ulrich Hanfeld (Manager)
Manager:
NKD Holdings GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.02.2014
Reg. data: 95444 Bayreuth, HRB 5902
Manager:
NKD Deutschland GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 14.06.2013
Reg. data: 95444 Bayreuth, HRB 5760
Further functions/participations of Wilko
Rüdiger Hartmann
(Manager)
Shareholder:
eh2 GmbH
Engasserbogen 28
D 80639 München
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 10,000.00
Registered
on:
18.12.2012
Reg. data: 80333 München, HRB 202533
Manager:
NKD Holdings GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.02.2014
Reg. data: 95444 Bayreuth, HRB 5902
Manager:
NKD Deutschland GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 14.06.2013
Reg. data: 95444 Bayreuth, HRB 5760
Further functions/participations of Alexander
Schmökel (Manager)
Manager:
NKD Deutschland GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 14.06.2013
Reg. data: 95444 Bayreuth, HRB 5760
Manager:
NKD Holdings GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.02.2014
Reg. data: 95444 Bayreuth, HRB 5902
Further functions/participations of Christian
Welles (Manager)
Manager:
NKD Deutschland GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 14.06.2013
Reg. data: 95444 Bayreuth, HRB 5760
Manager:
NKD Holdings GmbH
Bühlstr. 5-7
D 95463 Bindlach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.02.2014
Reg. data: 95444 Bayreuth, HRB 5902
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
17.08.2015 - 07.12.2016 Manager
Christian Müller
D 92637 Weiden
03.06.2014 - 29.09.2015 Manager
Frank Beeck
Dahlmannstr. 13
D 90491 Nürnberg
BUSINESS
ACTIVITIES
Main industrial sector
5229
Other support services for transportation n.e.c.
8299
Other business support service activities n. e. c.
FINANCIAL
INFORMATION
Payment experience: Slow
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 Bühlstr. 5-7
D 95463 Bindlach
Land register documents were not available.
BANKERS
A
bank connection is unknown.
FINANCIAL
FIGURES
Turnover: 2016 EUR 501,647,267.00
Profit: 2016 EUR -10,681,401.00
Equipment: EUR 1,733,167.00
Ac/ts receivable: EUR 181,101,306.00
Liabilities: EUR 329,368,372.00
Real
estate of the firm:
EUR 7,473,498.00
Employees: 508
-
thereof permanent staff: 484
-
Trainees:
24
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: -135.60
Liquidity ratio: 0.07
Return on total capital [%]: -7.92
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: -82.05
Liquidity ratio: 0.16
Return on total capital [%]: -21.51
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: -22.38
Liquidity ratio: 0.33
Return on total capital [%]: -1.92
Balance sheet ratios 06.06.2013 - 31.12.2013
Equity ratio [%]: 9.40
Liquidity ratio: 0.19
Return on total capital [%]: -7.99
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 335,147,898.16
Fixed assets
EUR 10,186,153.98
Intangible assets
EUR 958,635.80
Concessions, licences, rights
EUR 866,938.00
Advance payments for intang. assets
EUR 91,697.80
Tangible assets
EUR 9,227,518.18
Land / similar rights
EUR 7,473,497.63
Other tangible assets / fixtures and
fittings
EUR 1,733,166.75
Advance payments made / construction
in progress
EUR 20,853.80
Current assets
EUR 285,307,628.16
Stocks
EUR 74,145,155.64
Raw materials, consumables and
supplies
EUR 435,980.03
Finished goods / work in progress
EUR 73,709,175.61
Accounts receivable
EUR 181,101,305.84
Trade debtors EUR 7,251.64
Amounts due from related companies
EUR 173,898,518.12
Other debtors and assets
EUR 7,195,536.08
Liquid means
EUR 30,061,166.68
Remaining other assets
EUR 39,654,116.02
Accruals (assets)
EUR 222,528.70
Deficit not covered by shareholders'
equity
EUR 39,431,587.32
LIABILITIES EUR 335,147,898.16
Shareholders' equity
EUR 0.00
Capital
EUR 25,100.00
Subscribed capital (share capital)
EUR 25,100.00
Reserves
EUR 8,068,210.79
Capital reserves
EUR 8,068,210.79
Balance sheet profit/loss (+/-)
EUR -47,524,898.11
Profit / loss brought forward
EUR -36,843,496.97
Annual surplus / annual deficit
EUR -10,681,401.14
Other shareholders' equity (+/-)
EUR 39,431,587.32
Deficit not covered by shareholders'
equity
EUR 39,431,587.32
Provisions EUR 5,779,525.94
Other / unspecified provisions
EUR 5,779,525.94
Liabilities
EUR 329,368,372.22
Other liabilities
EUR 329,368,372.22
Trade creditors (for IAS incl. bills
of exchange)
EUR 64,931,675.18
Liabililties due to related companiesEUR 228,323,947.36
Unspecified other liabilities
EUR 36,112,749.68
thereof liabilities from tax /
financial authorities
EUR 3,029,205.07
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 501,647,266.54
Other operating income
EUR 4,409,608.22
Cost of materials
EUR 273,485,148.25
Raw materials and supplies, purchased
goods
EUR 273,485,148.25
Gross result (+/-) EUR
232,571,726.51
Staff expenses
EUR 20,809,306.41
Wages and salaries
EUR 17,659,849.56
Social security contributions and
expenses for pension plans and
benefits EUR 3,149,456.85
Total depreciation
EUR 2,558,472.82
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,558,472.82
Other operating expenses
EUR 210,966,911.78
Operating result from continuing
operations
EUR -1,762,964.50
Interest result (+/-)
EUR -8,742,558.71
Interest and similar income
EUR 5,684.50
thereof from related companies
EUR 5,684.50
Interest and similar expenses
EUR 8,748,243.21
thereof paid to related companies
EUR 4,700,962.46
Financial result (+/-)
EUR -8,742,558.71
Result from ordinary operations (+/-)
EUR -10,505,523.21
Other taxes / refund of taxes
EUR -175,877.93
Tax
(+/-)
EUR -175,877.93
Annual surplus / annual deficit
EUR -10,681,401.14
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 257,294,404.66
Fixed assets
EUR 4,236,739.78
Intangible assets
EUR 1,513,107.00
Concessions, licences, rights EUR
1,513,107.00
Tangible assets
EUR 2,723,632.78
Land / similar rights
EUR 324,813.00
Other tangible assets / fixtures and
fittings
EUR 2,398,819.78
Current assets
EUR 223,760,889.28
Stocks
EUR 85,020,569.38
Raw materials, consumables and
supplies
EUR 272,927.99
Finished
goods / work in progress EUR 84,747,641.39
Accounts receivable
EUR 124,817,083.31
Trade debtors
EUR 42,582.71
Amounts due from related companies
EUR 121,503,033.53
Other debtors and assets
EUR 3,271,467.07
Liquid means
EUR 13,923,236.59
Remaining other assets
EUR 29,296,775.60
Accruals (assets)
EUR 546,589.42
Deficit not covered by shareholders'
equity
EUR 28,750,186.18
LIABILITIES EUR 257,294,404.66
Shareholders' equity
EUR 0.00
Capital
EUR 25,100.00
Subscribed capital (share capital)
EUR 25,100.00
Reserves
EUR 8,068,210.79
Capital reserves
EUR 8,068,210.79
Balance sheet profit/loss (+/-)
EUR -36,843,496.97
Profit / loss brought forward
EUR -6,438,126.43
Annual surplus / annual deficit
EUR -30,405,370.54
Other shareholders' equity (+/-)
EUR 28,750,186.18
Deficit not covered by shareholders'
equity
EUR 28,750,186.18
Provisions
EUR 3,565,724.97
Other / unspecified provisions
EUR 3,565,724.97
Liabilities
EUR 253,728,679.69
Other liabilities
EUR 253,728,679.69
Trade creditors (for IAS incl. bills
of exchange)
EUR 70,315,082.57
Liabililties due to related companiesEUR 154,469,150.48
Unspecified other liabilities
EUR 28,944,446.64
thereof liabilities from tax /
financial authorities
EUR 3,314,930.04
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 466,097,860.29
Other operating income
EUR 35,936,282.05
Cost of materials
EUR 286,773,976.21
Raw materials and supplies, purchased
goods
EUR 286,773,976.21
Gross result (+/-)
EUR 215,260,166.13
Staff expenses
EUR 20,841,869.62
Wages and salaries
EUR 17,623,448.21
Social security contributions and
expenses for pension plans and
benefits
EUR 3,218,421.41
Total depreciation
EUR 1,854,593.39
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,854,593.39
Other operating expenses
EUR 214,053,047.55
Operating result from continuing
operations
EUR -21,489,344.43
Interest result (+/-)
EUR -8,881,134.11
Interest and similar income
EUR 2,357.12
thereof from related companies
EUR 2,357.12
Interest and similar expenses
EUR 8,883,491.23
thereof paid to related companies
EUR 5,630,953.97
Financial result (+/-)
EUR -8,881,134.11
Result from ordinary operations (+/-)
EUR -30,370,478.54
Other taxes / refund of taxes
EUR -34,892.00
Tax
(+/-)
EUR -34,892.00
Annual surplus / annual deficit
EUR -30,405,370.54
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.61 |
|
|
1 |
INR 90.60 |
|
Euro |
1 |
INR 79.85 |
|
EUR |
1 |
INR 79.78 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
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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.