MIRA INFORM
REPORT
|
Report Date : |
23.04.2011 |
Supplement
We refer
to your enquiry of 15.07.2010. In the meantime there have been changes in
particular in the following areas
subject to monitoring: - Balance sheets
Company
name & address
Montblanc-Simplo GmbH
Main
address:
Hellgrundweg 100
D 22525 Hamburg
Post Box:
54 03 40, D 22503 Hamburg
Telephone 040/840010
Telefax: 040/84001390
Homepage: www.montblanc.de
E-mail: service@montblanc.com
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 1908
Shareholders'
agreement: 17.03.1934
Registered on: 16.04.1934
Commercial Register: Local
court 20355 Hamburg
under: HRB 2905
Share capital:
EUR 1.724.000,00
Shareholder
Montblanc International GmbH
Hellgrundweg 100
D 22525 Hamburg
Legal form: Private limited company
Share capital: EUR 1.775.000,00
Share: EUR 1.636.076,00
Registered on: 16.06.1988
Reg. data: 20355 Hamburg, HRB 40106
Profit transfer agreement
Shareholder:
Montblanc Real Estate B.V. & Co. KG
Hellgrundweg 100
D 22525 Hamburg
Legal form: Ltd partnership w.foreign
priv.ltd.comp. as General Partner
Total cap. EUR 1.000,00
contribution:
Share: EUR 87.924,00
Registered on: 06.03.2007
Reg. data: 20355 Hamburg, HRA 105505
Manager
Lutz Bethge
Teutonenweg 12
D 22453 Hamburg
authorized to jointly represent the company
born: 20.06.1955
Profession: Businessman
Manager:
Burkard Kiesel
D 22525 Hamburg
authorized to jointly represent the company
born: 03.02.1953
Profession: Businessman
President of the Supervisory Board
Dr. jur. Ulrich Meincke
Justus-Brinckmann-Str. 89
D 21029 Hamburg
Profession: Solicitor
Marital status: unknown
Vice-president of the Supervisory Board
Manfred Tholen
D 20095 Hamburg
Marital status: unknown
Member of the Supervisory Board
Albert E. Kaufmann
CH Genf
Nationality: Swiss
Marital status: unknown
Proxy
Regula Walter
CH Genf
authorized to jointly represent the company
Nationality: Swiss
Proxy:
Thomas Lindemann
D 22869 Schenefeld
authorized to jointly represent the company
born: 22.06.1963
Proxy:
Roland Antonio Hoekzema
NL Nigtevecht
authorized to jointly represent the company
born: 22.09.1962
Nationality: Dutch
Proxy:
Sascha Schneider
D 22525 Hamburg
authorized to jointly represent the company
born: 28.10.1973
Further
functions/participations of Lutz Bethge (Manager)
Manager:
MONTBLANC International Holding GmbH
Hellgrundweg 100
D 22525 Hamburg
Legal form: Private limited company
Share capital: EUR 4.099.000,00
Registered
on: 13.02.1969
Reg. data: 20355 Hamburg,
HRB 22203
Manager:
Montblanc International GmbH
Hellgrundweg 100
D 22525 Hamburg
Legal form: Private limited company
Share capital: EUR 1.775.000,00
Registered
on: 16.06.1988
Reg. data: 20355 Hamburg,
HRB 40106
Manager:
Richemont Services GmbH
Hellgrundweg 100
D 22525 Hamburg
Legal form: Private limited company
Share capital: EUR 25.000,00
Registered
on: 07.03.2007
Reg. data: 20355 Hamburg,
HRB 100362
Manager:
RLG Deutschland Holding GmbH
Hellgrundweg 100
D 22525 Hamburg
Post Box:
54 03 40
Legal form: Private limited company
Share capital: EUR 25.564,59
Registered
on: 28.02.1986
Reg. data: 20355 Hamburg,
HRB 35601
COMPANY
HISTORY
16.04.1934 -
21.03.2001 Montblanc-Simplo Gesellschaft
mit
beschränkter Haftung
Hellgrundweg 100
D
22525 Hamburg
Private limited company
BUSINESS
ACTIVITIES
Sectors
15120 Processing of
leather (except manufacture of leatherm
apparel)
32120 Manufacture of
jewelry and related articles (except imitation jewelry)
32990 Other manufacturing
n.e.c.
PARTICIPATIONS
Shareholder:
Montblanc Deutschland GmbH
Hellgrundweg 100
D
22525 Hamburg
Legal
form: Private limited company
Company Status: active
Share capital: EUR 103.000,00
Share: EUR 103.000,00
Reg.
data: 17.01.1994
Local court 20355 Hamburg
HRB 54733
FINANCIAL
INFORMATION
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Maximum credit: 250.000
EUR
Balance sheet year: 2009/2010
REAL
ESTATE
Type of ownership: proprietor
Share: 100,00 %
Address Hellgrundweg 100
D
22525 Hamburg
Land register documents were not available.
BANKERS
DEUTSCHE BANK, HAMBURG
Sort. code: 20070000, BIC:
DEUTDEHHXXX
FINANCIAL
FIGURES
Turnover: 2008/2009 EUR 337.249.551,00
2009/2010 EUR 270.551.036,00
Profit: 2008/2009 EUR 59.776.939,00
2009/2010 EUR
46.863.334,00
further business figures:
Employees:
798
-
thereof permanent staff: 776
-
Trainees:
22
Profit transfer
agreement to:
Montblanc International GmbH
Hellgrundweg 100
D 22525 Hamburg
BALANCE
SHEETS
Balance sheet ratios 2009/2010
Equity ratio [%]: 23,28
Liquidity ratio: 0,36
Return on total capital [%]: 24,54
Balance sheet ratios 2008/2009
Equity ratio [%]: 0,71
Liquidity ratio: 0,19
Return on total capital [%]: 27,66
Balance sheet ratios 2007/2008
Equity ratio [%]: 1,09
Liquidity ratio: 0,25
Return on total capital [%]: 37,79
Euler Hermes Balance sheet 3,2
grade:
Balance sheet ratios 2006/2007
Equity ratio [%]: 62,95
Liquidity ratio: 1,70
Return on total capital [%]: 58,37
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
Financial year: 01.04.2009 - 31.03.2010
ASSETS EUR 191.796.358,13
Fixed assets
EUR 66.248.048,13
Intangible assets
EUR 1.630.505,00
Concessions, licences, rights
EUR 1.630.505,00
Tangible assets
EUR 29.530.398,38
Land / similar rights
EUR 9.108.934,54
Plant / machinery
EUR 9.475.578,00
Other tangible assets / fixtures and
fittings
EUR 10.815.831,71
Advance payments made / construction
in progress
EUR 130.054,13
Financial assets
EUR 35.087.144,75
Shares in participations /
subsidiaries and the like
EUR 141.608,11
Shares in related companies
EUR 141.608,11
Securities included in fixed assets
EUR 34.689.890,70
Other loans
EUR 255.645,94
Current assets
EUR 125.285.714,58
Stocks
EUR 86.116.048,83
Raw materials, consumables and
supplies EUR 12.093.658,80
Finished goods / work in progress
EUR 73.635.159,28
Advance payments made
EUR 387.230,75
Accounts receivable
EUR 39.156.682,37
Trade debtors EUR 14.544.344,21
Amounts due from related companies
EUR 19.752.986,94
Other debtors and assets
EUR 4.859.351,22
Liquid means
EUR 12.983,38
Remaining other assets
EUR 262.595,42
Accruals (assets)
EUR 262.595,42
LIABILITIES EUR 191.796.358,13
Shareholders' equity
EUR 3.304.403,20
Capital
EUR 1.724.000,00
Subscribed capital (share capital)
EUR 1.724.000,00
Reserves
EUR 1.580.403,20
Capital reserves
EUR 557.819,44
Retained earnings / revenue reserves EUR 1.022.583,76
Provisions
EUR 37.310.648,35
Pension provisions and comparable
provisions
EUR 23.991.764,00
Other
/ unspecified provisions EUR 13.318.884,35
Liabilities
EUR 151.181.306,58
Financial debts
EUR 84.066,12
Liabilities due to banks
EUR 84.066,12
Other liabilities
EUR 151.097.240,46
Trade creditors (for IAS incl. bills
of exchange)
EUR 11.513.262,18
Liabililties due to related companiesEUR 137.975.828,58
Unspecified other liabilities
EUR 1.608.149,70
thereof liabilities from tax /
financial authorities
EUR 921.754,16
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 270.551.036,45
Inventory change + own costs (+/-)
EUR -10.110.923,93
Inventory change (+/-)
EUR -10.331.232,06
Capitalised own costs
EUR 220.308,13
Other operating income EUR 3.873.824,92
Cost of materials
EUR 110.615.967,50
Raw materials and supplies, purchased
goods
EUR 95.346.408,00
Purchased services
EUR 15.269.559,50
Gross result (+/-)
EUR 153.697.969,94
Staff expenses
EUR 42.732.730,12
Wages and salaries
EUR 33.721.204,10
Social
security contributions and
expenses for pension plans and
benefits
EUR 9.011.526,02
Total depreciation
EUR 6.866.416,24
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 6.866.416,24
Other operating expenses
EUR 55.049.404,50
Operating result from continuing
operations
EUR 49.049.419,08
Result from participating interests
(+/-)
EUR 545.781,60
Expenses / income from participations EUR 545.781,60
Income from transfer of profits
EUR 545.781,60
Interest
result (+/-) EUR -2.721.377,58
Interest and similar income
EUR 138.519,16
Interest and similar expenses
EUR 2.859.896,74
thereof paid to related companies
EUR 2.556.097,94
Other financial result
EUR 87.316,29
Income from securities and loans from
financial assets
EUR 87.316,29
Financial result (+/-)
EUR -2.088.279,69
Result
from ordinary operations (+/-) EUR 46.961.139,39
Expenses for transfer of profits to a
parent company
EUR 46.863.334,27
Other taxes / refund of taxes
EUR -97.805,12
Tax
(+/-) EUR -97.805,12
Annual surplus / annual deficit
EUR 0,00
Type
of balance
sheet: Company balance sheet
Financial year: 01.04.2008 - 31.03.2009
ASSETS EUR 217.887.156,17
Fixed assets
EUR 71.778.380,50
Intangible assets
EUR 3.541.304,00
Concessions, licences, rights
EUR 3.541.304,00
Tangible assets EUR 33.525.799,59
Land / similar rights
EUR 9.855.129,54
Plant / machinery
EUR 11.113.529,00
Other tangible assets / fixtures and
fittings EUR 12.478.385,71
Advance payments made / construction
in progress
EUR 78.755,34
Financial assets
EUR 34.711.276,91
Shares in participations /
subsidiaries and the like
EUR 141.608,11
Shares in related companies
EUR 141.608,11
Securities included in fixed assets
EUR 34.314.022,86
Other loans
EUR 255.645,94
Current
assets EUR 146.000.615,32
Stocks
EUR 111.958.132,28
Raw materials, consumables and
supplies
EUR 11.789.304,61
Finished goods / work in progress
EUR 99.788.023,42
Advance payments made
EUR 380.804,25
Accounts receivable
EUR 33.991.207,85
Trade debtors
EUR 21.514.180,08
Amounts due from related companies
EUR 10.366.287,35
Other debtors and assets
EUR 2.110.740,42
Liquid means
EUR 51.275,19
Remaining other assets
EUR 108.160,35
Accruals (assets)
EUR 108.160,35
LIABILITIES EUR 217.887.156,17
Shareholders' equity
EUR 3.304.403,20
Capital
EUR 1.724.000,00
Subscribed capital (share capital)
EUR 1.724.000,00
Reserves
EUR 1.580.403,20
Capital reserves
EUR 557.819,44
Retained
earnings / revenue reserves EUR
1.022.583,76
Provisions
EUR 33.535.406,04
Pension provisions and comparable
provisions
EUR 23.008.688,00
Other / unspecified provisions
EUR 10.526.718,04
Liabilities
EUR 181.047.346,93
Other liabilities
EUR 181.047.346,93
Trade creditors (for IAS incl. bills
of exchange) EUR 5.543.425,27
Liabilities from received advance
payments
EUR 145.000,00
Liabililties due to related companiesEUR 174.350.782,43
Unspecified other liabilities
EUR 1.008.139,23
thereof liabilities from tax /
financial authorities
EUR 464.028,03
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 337.249.551,78
Inventory change + own costs (+/-)
EUR -650.894,03
Inventory change (+/-)
EUR -1.031.915,91
Capitalised own costs
EUR 381.021,88
Other operating income
EUR 9.949.876,84
Cost of materials
EUR 159.760.610,61
Raw materials and supplies, purchased
goods
EUR 120.843.251,26
Purchased services
EUR 38.917.359,35
Gross result (+/-)
EUR 186.787.923,98
Staff expenses
EUR 41.472.373,92
Wages and salaries
EUR 33.248.899,35
Social security contributions and
expenses
for pension plans and
benefits
EUR 8.223.474,57
Total depreciation
EUR 6.728.085,47
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 6.728.085,47
Other operating expenses
EUR 74.657.434,16
Operating result from continuing
operations
EUR 63.930.030,43
Result from participating interests
(+/-)
EUR 1.733.228,91
Expenses / income from participations EUR 1.733.228,91
Income from transfer of profits
EUR 233.228,91
Income from related companies
EUR 1.500.000,00
Interest result (+/-)
EUR -6.929.541,24
Interest and similar income
EUR 7.906,35
thereof from related companies
EUR 0,00
Interest and similar expenses EUR 6.937.447,59
thereof paid to related companies
EUR 6.931.127,95
Other financial result
EUR 1.187.361,04
Income from securities and loans from
financial assets
EUR 1.187.361,04
Financial result (+/-)
EUR -4.008.951,29
Result from ordinary operations (+/-)
EUR 59.921.079,14
Expenses for transfer of profits to a
parent company
EUR 59.776.939,79
Income tax / refund of income tax (+/-)EUR -0,54
Other taxes / refund of taxes
EUR -144.138,81
Tax
(+/-)
EUR -144.139,35
Annual surplus / annual deficit
EUR 0,00
MIRA INFORM
REPORT
|
Report Date : |
13.11.2010 |
Compamy
name & addresss
Montblanc-Simplo GmbH
Hellgrundweg 100
22525 Hamburg
Post Box: 54 03 40
Telephone: 040/840010
Telefax: 040/84001390
Homepage: www.montblanc.de
E-Mail: service@montblanc.com
FINANCIAL
INFORMATION
Payment experience: within agreed terms
MIRA INFORM
REPORT
|
Report Date : |
15.07.2010 |
IDENTIFICATION DETAILS
|
Correct Name : |
MONTBLANC-SIMPLO GMBH |
|
|
|
|
Registered Office : |
Hellgrundweg
100, 22525 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
16.04.1934 |
|
|
|
|
Com. Reg. No.: |
HRB 2905 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Processing
of leather |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
EUR
250.000,00 |
|
Status : |
Good |
|
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Montblanc-Simplo GmbH
Hellgrundweg 100
22525 Hamburg
Post Box: 54 03 40
Telephone: 040/840010
Telefax: 040/84001390
Homepage: www.montblanc.de
E-Mail: service@montblanc.com
CONCLUSION
The maximum credit is EUR 250.000,00.
Business relations are permissible.
Synthesis
LEGAL FORM Private
limited company
Date of foundation: 1908
Shareholders' agree-
ment: 17.03.1934
Registered on: 16.04.1934
Commercial Register: Local court 20355 HAMBURG 36
under: HRB
2905
Share capital: EUR 1.724.000,00
Shareholder
Montblanc International GmbH
Hellgrundweg 100
22525 Hamburg
Legal form: Private limited company
Share capital: EUR 1.775.000,00
Share: EUR 1.636.076,00
Reg. Data: 16.06.1988
HRB 40106
20355 HAMBURG 36
Employees: 74
Profit transfer agreement
Shareholder:
Montblanc Real Estate B.V. & Co. KG
Hellgrundweg 100
22525 Hamburg
Legal form: Ltd partnership w.foreign
priv.ltd.comp. as General
Partner
Total cap. contribution: EUR
1.000,00
Share: EUR 87.924,00
Reg. Data: 06.03.2007
HRA 105505
20355 HAMBURG 36
Manager
Lutz Bethge
Teutonenweg 12
22453 Hamburg
authorized to jointly represent the company
born 20.06.1955
Occupation: Businessman
Manager:
Burkard Kiesel
22525 Hamburg
authorized to jointly represent the company
born 03.02.1953
Occupation: Businessman
Proxy
Regula Walter
CH Genf
authorized to jointly represent the company
Nation.: Swiss
Proxy:
Roland Antonio Hoekzema
NL Nigtevecht
authorized to jointly represent the company
born 22.09.1962
Nation.: Dutch
Proxy:
Sascha Schneider
22525 Hamburg
authorized to jointly represent the company
born 28.10.1973
Proxy:
Thomas Lindemann
22869 Schenefeld
authorized to jointly represent the company
born 22.06.1963
Further functions/participations of Lutz Bethge
(Manager)
Manager:
MONTBLANC International Holding GmbH
Hellgrundweg 100
22525 Hamburg
Legal form: Private limited company
Share capital: EUR 4.099.000,00
Reg. Data: 13.02.1969
HRB 22203
20355 HAMBURG 36
Manager:
Montblanc International GmbH
Hellgrundweg 100
22525 Hamburg
Legal form: Private limited company
Share capital: EUR 1.775.000,00
Reg. Data: 16.06.1988
HRB 40106
20355 HAMBURG 36
Manager:
Richemont Services GmbH
Hellgrundweg 100
22525 Hamburg
Legal form: Private limited company
Share capital: EUR 25.000,00
Reg. Data: 07.03.2007
HRB 100362
20355 HAMBURG 36
Manager:
RLG Deutschland Holding GmbH
Hellgrundweg 100
Post Box: 54 03 40
22525 Hamburg
Legal form: Private limited company
Share capital: EUR 25.564,59
Reg. Data: 28.02.1986
HRB 35601
20355 HAMBURG 36
BUSINESS
HISTORY
16.04.1934 Montblanc-Simplo
Gesellschaft mit
beschränkter Haftung
Hellgrundweg 100
22525
Hamburg
Private limited company
BUSINESS
ACTIVITIES
15120
Processing of leather (except manufacture of leather apparel)
32120
Manufacture of jewelry and related articles (except imitation
jewelry)
32990
Other manufacturing n.e.c.
PARTICIPATION
Shareholder:
Montblanc Deutschland GmbH
Hellgrundweg 100
22525 Hamburg
Legal form: Private limited company
Share capital: EUR 103.000,00
Share: EUR 103.000,00
Reg. Data: 17.01.1994
HRB 54733
20355 HAMBURG 36
Employees: 70
Control and profit transfer agreement
FINANCIAL
INFORMATION
Payment experience: within
agreed terms
REAL
ESTATE
Type of ownership: proprietor
Share: 100,00 %
Address Hellgrundweg 100
22525
Hamburg
Land register documents
were not available.
BANKERS
DEUTSCHE BANK, HAMBURG
Sort. code: 20070000
FIGURES
Financial year: 01.04. - 31.03.
Turnover: 2007/2008 EUR 378.277.526,00
2008/2009 EUR
337.249.551,00
2009/2010 EUR 340.000.000,00
Share capital: EUR 1.724.000,00
Employees:
819
-
Salaried employees: 256
-
Workers:
542
-
Trainees:
21
Branch number: 15120 / 32120 / 32990
Profit transfer agreement with:
Montblanc International
GmbH
22525 Hamburg
The
aforementioned business figures may partly be estimated information based on
average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.30 |
|
|
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.69 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.