MIRA INFORM REPORT
|
Report Date : |
24.12.2011 |
Company name and address
H&M Hennes & Mauritz Logistik AB & Co. KG
Company Status: active
Main address:
Rungedamm 38
D 21035 Hamburg
Telephone:040/781110
Telefax: 040/787674
Homepage: www.hm.com
E-mail: info@hm.com
CONCLUSION
We cannot give an opinion
as to the granting of a credit in this
particular case. Business
relations require suitable securities.
Registration data
LEGAL FORM Ltd
partnership w.foreign priv.ltd.comp. as
General Partner
Date of foundation: 10.05.2007
Registered on: 10.05.2007
Register of
companies: Local
court 20355 Hamburg
under: HRA 105932
Total cap. contribution
EUR 500,000.00
Limited partner
H & M Hennes & Mauritz Holding B.V.
Venestraat 36
NL 2511 AS S-Gravenhage
Legal form: Other legal form
Share: EUR 500,000.00
General partner:
H & M Hennes & Mauritz GBC AB
Mäster Samuelsgatan 46a
S 10638 Stockholm
Legal form: Other legal form
Proxy:
Martin Schinko
D 21035 Hamburg
authorized to jointly represent the company
born: 28.02.1972
Proxy:
Rosa Maria Cambiazo Fernandez
D 21035 Hamburg
authorized to jointly represent the company
born: 09.12.1967
Further functions/participations of H
& M Hennes & Mauritz GBC AB
(General partner)
General partner:
H & M Hennes & Mauritz online Shop AB & Co.KG
Spitalerstr. 12
D 20095 Hamburg
Legal form: Ltd partnership w.foreign
priv.ltd.comp. as General
Partner
Total cap. EUR 100,000.00
contribution:
Registeredon: 09.07.2008
Reg. data: 20355 Hamburg,
HRA 108647
COMPANY HISTORY
10.05.2007 -
25.06.2007 H&M Hennes & Mauritz
Logistik GmbH & Co.
KG
Hermannstr. 40
D
20095 Hamburg
Ltd partnership with priv.
ltd. company
as
general partner
26.06.2007 - 08.2009 H&M Hennes & Mauritz Logistik GmbH
& Co.
KG
Andreas-Meyer-Str. 45-47
D 22113 Hamburg
Ltd partnership with priv. ltd. company
as
general partner
09.2009 - 12.10.2009 H&M Hennes & Mauritz Logistik GmbH
& Co.
KG
Rungedamm 38
D
21035 Hamburg
Ltd partnership with priv. ltd. company
as
general partner
RESIGNED ACTING PERSONS AND
SHAREHOLDERS
General partner
H&M Hennes & Mauritz Logistics GBC GmbH
D 20095 Hamburg
BUSINESS ACTIVITIES
Sectors
14132 Manufacture of women's and girls' outerwear
47710 Retail sale of
clothing
FINANCIAL INFORMATION
Payment experience: could not be obtained
Negative information:We
have no negative information at hand.
Balance sheet year: 2009/2010
REAL ESTATE
Type of ownership: Tenant
Address Rungedamm 38
D
21035 Hamburg
Land register documents
were not available.
BANKERS
DEUTSCHE
BANK, HAMBURG
Sort. code: 20070000, BIC:
DEUTDEHHXXX
FINANCIAL FIGURES
Turnover: 2008/2009 EUR 102,107,218.00
2009/2010 EUR 110,531,641.00
Profit: 2008/2009 EUR
2,915,287.00
2009/2010 EUR 3,241,586.00
further business figures:
Equipment: EUR 29,140,896.00
Ac/ts receivable: EUR 41,384,746.00
Liabillities: EUR 71,328,220.00
Employees:
1,063
BALANCE SHEETS
Balance sheet ratios 01.12.2009 - 30.11.2010
Equity ratio [%]: -80.89
Liquidity ratio: 0.01
Return on total capital [%]: 8.73
Balance sheet grade: 4.0
Balance sheet ratios 01.12.2008 - 30.11.2009
Equity ratio [%]: -50.44
Return on total capital [%]: 8.43
Balance
sheet grade: 4.0
Balance sheet ratios 01.12.2007 - 30.11.2008
Equity ratio [%]: 7.89
Liquidity ratio: 0.61
Return on total capital [%]: 5.26
Balance sheet grade: 3.4
Balance
sheet ratios 01.06.2007 - 30.11.2007
Equity ratio [%]: 8.88
Liquidity ratio: 0.98
Return on total capital [%]: 6.61
Balance sheet grade: 3.3
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.
Balance sheet grade
The balance sheet grade is
based on the following ratios: equity
ratio, liquidity ratio and return
on total capital from the
balance sheets published in
the Federal Gazette.
Type of balance
sheet: Company balance sheet
Financial year: 01.12.2009 - 30.11.2010
ASSETS EUR 77,764,202.74
Fixed assets
EUR 29,187,063.73
Intangible assets
EUR 46,167.85
Concessions, licences, rights
EUR 46,167.85
Tangible assets
EUR 29,140,895.88
Other tangible assets / fixtures and
fittings
EUR 29,140,895.88
Current assets
EUR 48,231,850.31
Accounts receivable
EUR 41,384,745.78
Amounts due from related companies
EUR 40,604,342.50
Other debtors and assets
EUR 780,403.28
Liquid means
EUR 6,847,104.53
Remaining other assets
EUR 345,288.70
Accruals (assets)
EUR 345,288.70
LIABILITIES EUR 77,764,202.74
Shareholders' equity
EUR 500,000.00
Capital EUR 500,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 500,000.00
Provisions
EUR 5,935,982.83
Pension provisions and comparable
provisions EUR 511,092.00
Provisions for taxes
EUR 425,548.83
Other / unspecified provisions
EUR 4,999,342.00
Liabilities
EUR 71,328,219.91
Other
liabilities EUR 71,328,219.91
Trade creditors (for IAS incl. bills
of exchange)
EUR 26,200,714.65
Liabililties due to related companiesEUR 44,185,369.04
Unspecified other liabilities
EUR 942,136.22
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 110,531,640.90
Other operating income
EUR 1,700,155.65
Gross result (+/-)
EUR 112,231,796.55
Staff expenses
EUR 39,558,448.67
Wages and salaries
EUR 32,835,756.68
Social security contributions and
expenses for pension plans and
benefits
EUR 6,722,691.99
Total depreciation
EUR 4,211,891.38
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 4,211,891.38
Other operating expenses
EUR 63,960,421.19
Operating result from continuing
operations
EUR 4,501,035.31
Interest result (+/-)
EUR -424,530.24
Interest and similar income
EUR 24,659.35
Interest and similar expenses
EUR 449,189.59
Financial result (+/-)
EUR -424,530.24
Result from ordinary operations (+/-)
EUR 4,076,505.07
Income tax / refund of income tax (+/-)EUR -823,000.00
Other taxes / refund of taxes
EUR -11,918.62
Tax
(+/-)
EUR -834,918.62
Annual surplus / annual deficit
EUR 3,241,586.45
Type
of balance
sheet: Company balance sheet
Financial year: 01.12.2008 - 30.11.2009
ASSETS EUR 59,379,654.77
Fixed assets EUR 33,025,383.37
Intangible assets
EUR 73,399.44
Concessions, licences, rights
EUR 73,399.44
Tangible assets
EUR 32,951,983.93
Other tangible assets / fixtures and
fittings
EUR 32,951,983.93
Current assets
EUR 26,056,128.67
Accounts receivable
EUR 24,863,031.11
Amounts due from related companies
EUR 24,776,872.20
Other debtors and assets
EUR 86,158.91
Liquid means
EUR 1,193,097.56
Remaining other assets
EUR 298,142.73
Accruals
(assets) EUR 298,142.73
LIABILITIES EUR 59,379,654.77
Shareholders' equity
EUR 500,000.00
Capital
EUR 500,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 500,000.00
Provisions
EUR 5,901,042.79
Pension provisions and comparable
provisions EUR 216,298.00
Provisions for taxes
EUR 351,027.44
Other / unspecified provisions
EUR 5,333,717.35
Liabilities
EUR 52,978,611.98
Other liabilities EUR 52,978,611.98
Trade creditors (for IAS incl. bills
of exchange)
EUR 8,310,637.47
Liabililties due to related companiesEUR 41,037,342.69
Unspecified other liabilities EUR
3,630,631.82
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 102,107,217.89
Other operating income
EUR 1,632,938.38
Gross result (+/-)
EUR 103,740,156.27
Staff expenses
EUR 37,651,582.31
Wages and salaries
EUR 31,469,289.94
Social security contributions and
expenses
for pension plans and
benefits
EUR 6,182,292.37
Total depreciation
EUR 3,777,601.37
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 3,777,601.37
Other operating expenses
EUR 57,762,570.55
Operating result from continuing
operations
EUR 4,548,402.04
Interest result (+/-) EUR -796,285.89
Interest and similar income
EUR 41,083.24
Interest and similar expenses
EUR 837,369.13
Financial result (+/-)
EUR -796,285.89
Result from ordinary operations (+/-)
EUR 3,752,116.15
Income tax / refund of income tax (+/-)EUR -827,000.00
Other taxes / refund of taxes
EUR -9,829.39
Tax
(+/-)
EUR -836,829.39
Annual surplus / annual deficit
EUR 2,915,286.76
MIRA INFORM REPORT
|
Report Date : |
01.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
H&M HENNES & MAURITZ LOGISTIK AB
& CO. KG |
|
|
|
|
Registered Office : |
Rungedamm 38, D 21035 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.11.2009 |
|
|
|
|
Date of Incorporation : |
10.05.2007 |
|
|
|
|
Com. Reg. No.: |
HRA 105932 |
|
|
|
|
Legal Form : |
Ltd partnership w.foreign priv.ltd.comp. as General Partner |
|
|
|
|
Line of Business : |
Manufacture of women's and girls' outerwear |
|
|
|
|
No. of Employees
: |
1037 Persons |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
Unknown |
|
|
|
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Germany |
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
H&M Hennes & Mauritz Logistik AB & Co. KG
Main address:
Rungedamm 38
D 21035 Hamburg
Telephone: 040/781110
Telefax: 040/787674
Homepage: www.hm.com
E-mail: info@hm.com
CONCLUSION
We cannot give an opinion as to the granting of a credit in this
particular case. Business relations are permissible.
Synthesis
LEGAL FORM Ltd partnership w.foreign priv.ltd.comp. as
General Partner
Date of foundation: 10.05.2007
Registered on: 10.05.2007
Register of
companies: Local court 20355 Hamburg
under: HRA 105932
Total cap. contribution:
EUR 500,000.00
Limited partner
H & M Hennes & Mauritz Holding B.V.
Venestraat 36
NL 2511 AS S-Gravenhage
Legal form: Other legal form
Share: EUR 500,000.00
General partner
H & M Hennes & Mauritz GBC AB
Mäster Samuelsgatan 46a
S 10638 Stockholm
Legal form: Other legal form
Proxy
Martin Schinko
D 21035 Hamburg
authorized to jointly represent the company
born: 28.02.1972
Proxy:
Rosa Maria Cambiazo Fernandez
D 21035 Hamburg
authorized to jointly represent the company
born: 09.12.1967
Further
functions/participations of H & M Hennes & Mauritz GBC AB (General
partner)
General partner:
H
& M Hennes & Mauritz online Shop AB & Co.
KG
Spitalerstr. 12
D 20095 Hamburg
Legal
form: Ltd partnership w.foreign
priv.ltd.comp. as General
Partner
Total
cap. EUR 100,000.00
contribution:
Registered
on: 09.07.2008
Reg.
data: 20355 Hamburg, HRA 108647
COMPANY HISTORY
10.05.2007 - 25.06.2007
H&M Hennes & Mauritz Logistik GmbH & Co.
KG
Hermannstr. 40
D
20095 Hamburg
Ltd partnership with priv. ltd. company
as
general partner
26.06.2007 - 08.2009 H&M Hennes & Mauritz Logistik GmbH
& Co.
KG
Andreas-Meyer-Str. 45-47
D
22113 Hamburg
Ltd partnership with priv. ltd. company
as
general partner
09.2009 - 12.10.2009 H&M Hennes & Mauritz Logistik GmbH
& Co.
KG
Rungedamm 38
D
21035 Hamburg
Ltd partnership with priv. ltd. company
as
general partner
RESIGNED ACTING
PERSONS AND SHAREHOLDERS
General partner
H&M Hennes & Mauritz Logistics GBC GmbH
D 20095 Hamburg
BUSINESS ACTIVITIES
Sectors
14132 Manufacture of
women's and girls' outerwear
47710 Retail sale of
clothing
FINANCIAL INFORMATION
Payment experience: within
periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2008/2009
REAL ESTATE
Type of ownership: Tenant
Address Rungedamm 38
D 21035 Hamburg
Land register documents were not available.
BANKERS
DEUTSCHE BANK, HAMBURG
Sort. code: 20070000, BIC: DEUTDEHHXXX
FINANCIAL FIGURES
Turnover: 2008/2009 EUR 102,107,211.00
2009/2010 EUR 105,000,000.00
further business figures:
Equipment: EUR 32,951,983.00
Ac/ts receivable: EUR 24,863,031.00
Liabillities: EUR 52,978,611.00
Employees:
1,037
BALANCE SHEETS
Balance sheet ratios 01.12.2008 - 30.11.2009
Equity ratio [%]: -50.44
Return
on total capital [%]: 8.43
Balance sheet ratios 01.12.2007 - 30.11.2008
Equity ratio [%]: 7.89
Liquidity ratio: 0.61
Return on total capital [%]: 5.26
Balance sheet ratios 01.06.2007 - 30.11.2007
Equity ratio [%]: 8.88
Liquidity ratio: 0.98
Return on total capital [%]: 6.61
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.
Balance
sheet grade
The balance sheet
grade is based on the following ratios: equity ratio, liquidity ratio and
return on total capital from the balance sheets published in the Federal
Gazette. It is calculated in accordance with the methodology of Euler Hermes.
It range from 1.0 (positive) to 5.0 (negative).
Type
of balance
sheet: Company balance sheet
Financial year: 01.12.2008 - 30.11.2009
ASSETS EUR 59,379,654.77
Fixed assets
EUR 33,025,383.37
Intangible assets
EUR 73,399.44
Concessions, licences, rights
EUR 73,399.44
Tangible assets EUR 32,951,983.93
Other tangible assets / fixtures and
fittings
EUR 32,951,983.93
Current assets
EUR 26,056,128.67
Accounts receivable
EUR 24,863,031.11
Amounts due from related companies
EUR 24,776,872.20
Other debtors and assets
EUR 86,158.91
Liquid means
EUR 1,193,097.56
Remaining other assets EUR 298,142.73
Accruals (assets)
EUR 298,142.73
LIABILITIES EUR 59,379,654.77
Shareholders' equity
EUR 500,000.00
Capital EUR 500,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 500,000.00
Provisions
EUR 5,901,042.79
Pension provisions and comparable
provisions
EUR 216,298.00
Provisions for taxes
EUR 351,027.44
Other / unspecified provisions
EUR 5,333,717.35
Liabilities
EUR 52,978,611.98
Other liabilities
EUR 52,978,611.98
Trade creditors (for IAS incl. bills
of exchange)
EUR 8,310,637.47
Liabililties due to related companiesEUR 41,037,342.69
Unspecified other liabilities
EUR 3,630,631.82
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 102,107,217.89
Other operating income
EUR 1,632,938.38
Gross result (+/-)
EUR 103,740,156.27
Staff expenses
EUR 37,651,582.31
Wages and salaries
EUR 31,469,289.94
Social
security contributions and
expenses for pension plans and
benefits
EUR 6,182,292.37
Total depreciation
EUR 3,777,601.37
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 3,777,601.37
Other operating expenses
EUR 57,762,570.55
Operating result from continuing
operations
EUR 4,548,402.04
Interest result (+/-)
EUR -796,285.89
Interest and similar income
EUR 41,083.24
Interest and similar expenses
EUR 837,369.13
Financial result (+/-)
EUR -796,285.89
Result from ordinary operations (+/-)
EUR 3,752,116.15
Income tax / refund of income tax (+/-)EUR -827,000.00
Other taxes / refund of taxes
EUR -9,829.39
Tax
(+/-) EUR -836,829.39
Annual surplus / annual deficit
EUR 2,915,286.76
Type
of balance
sheet: Company balance sheet
Financial year: 01.12.2007 - 30.11.2008
ASSETS EUR 56,707,663.74
Fixed assets
EUR 30,951,764.60
Tangible assets
EUR 30,951,764.60
Other tangible assets / fixtures and
fittings
EUR 23,432,727.00
Advance payments made / construction
in progress
EUR 7,519,037.60
Current assets
EUR 25,403,192.64
Accounts receivable
EUR 23,197,030.05
Amounts due from related companies
EUR 23,037,998.50
Other debtors and assets
EUR 159,031.55
Liquid means
EUR 2,206,162.59
Remaining other assets
EUR 352,706.50
Accruals (assets)
EUR 352,706.50
LIABILITIES EUR 56,707,663.74
Shareholders' equity
EUR 500,000.00
Capital
EUR 500,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 500,000.00
Provisions
EUR 12,244,491.21
Provisions for taxes
EUR 120,051.21
Other / unspecified provisions
EUR 12,124,440.00
Liabilities
EUR 43,963,172.53
Other liabilities
EUR 43,963,172.53
Trade creditors (for IAS incl. bills
of
exchange)
EUR 2,178,460.75
Liabililties due to related companiesEUR 38,621,588.72
Unspecified other liabilities
EUR 3,163,123.06
Profit and loss account (cost-summary method) according
to Comm.
Code
(HGB)
Sales
EUR 106,888,796.64
Other operating income
EUR 893,066.87
Gross result (+/-)
EUR 107,781,863.51
Staff expenses EUR 33,846,359.33
Wages and salaries
EUR 28,219,000.78
Social security contributions and
expenses for pension plans and
benefits
EUR 5,627,358.55
Total depreciation
EUR 5,226,226.53
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 5,226,226.53
Other operating expenses
EUR 63,865,173.98
Operating result from continuing
operations
EUR 4,844,103.67
Interest result (+/-)
EUR -1,063,765.05
Interest and similar income
EUR 173,102.58
Interest
and similar expenses EUR 1,236,867.63
Financial result (+/-)
EUR -1,063,765.05
Result from ordinary operations (+/-)
EUR 3,780,338.62
Income tax / refund of income tax (+/-)EUR -794,000.00
Other taxes / refund of taxes
EUR -2,602.51
Tax
(+/-)
EUR -796,602.51
Annual surplus / annual deficit EUR 2,983,736.11
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.72 |
|
UK Pound |
1 |
Rs.82.70 |
|
Euro |
1 |
Rs.68.90 |
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 |
|
---- |
NB |
New Business |
---- |
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.