|
Report Date : |
14.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
JULIUS GLATZ GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
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Registered Office : |
Staatsstr. 37-41 D
67468 Neidenfels |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1885 |
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Com. Reg. No.: |
HRB 41178 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of paper and paperboard |
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No. of Employees : |
304 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
> 250,000 EUR |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 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 |
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Restricted |
C2 |
|
Off-credit |
D |
Julius Glatz Gesellschaft mit beschränkter Haftung
Active
Staatsstr. 37-41
D 67468 Neidenfels
Telephone:06325/1820
Telefax: 06325/182369
Homepage: www.glatz.de
E-mail: cigarette@glatz.de
DE149369720
The company is considered solvent for credits within its scope of business.
LEGAL FORM Private limited company
Date of foundation: 1885
Shareholders'
agreement: 15.12.1970
Registered on: 28.12.1970
Commercial Register: Local court 67061 Ludwigshafen
under: HRB 41178
Share capital: EUR 12,000,000.00
Glatz Vermögensverwaltungsgesellschaft
bürgerlichen Rechts
Staatsstr. 37-41 D 67468 Neidenfels
Legal form: Partnership under the Civil Code
Share: EUR 12,000,000.00
Sylvain Epailly
D 67433 Neustadt
born: 21.12.1954
Profession: Businessman
Marital status: married
Manager:
Roman Robert Reischl
D 67434 Neustadt
born: 13.06.1973
Profession: Fully qualified merchant
Marital status: married
Manager:
Nina Ritter-Reischl
D 67434 Neustadt
born: 16.09.1977
President of the Supervisory Board:
Dr. Michael Ritter
Almenweg 2
D 67657 Kaiserslautern
born: 19.07.1945
Profession: Businessman
Marital status: married
Prof.Dr. Rolf Fillibeck
Haardter Str. 17
D 67433 Neustadt
Representative of the Employees within the Supervisory Board:
Waldemar Stütz
D 67475 Weidenthal
Profession: Engine fitter
Andreas Jung
Pfarracker 8
D 67691 Hochspeyer
authorized to jointly represent the company
born: 17.12.1958
Profession: graduate engineer
Proxy:
Harald Bevier
D 67435 Neustadt
born: 29.05.1958
Proxy:
Freddy O. Gemlich
Elmsteiner Str. 25a
D 67693 Waldleiningen
authorized to jointly represent the company
born: 14.12.1957
Marital status: widowed
Proxy:
Thomas Fritzsching
D 67434 Neustadt
born: 12.10.1958
Proxy:
Michael Potthoff
D 67433 Neustadt
born: 12.09.1958
Proxy:
Thomas Rheinschmidt
D 67468 Neidenfels
authorized to jointly represent the company
born: 06.12.1969
Further functions/participations of Sylvain Epailly (Manager)
Manager:
LIPtec GmbH
Staatsstr. 37-41
D 67468 Neidenfels
Legal form: Private limited company
Share capital: EUR 1,000,000.00
Registered on: 08.06.2005
Reg. data: 67061 Ludwigshafen, HRB 42907
Manager:
Glatz Finance GmbH
Staatsstr. 37-41
D 67468 Neidenfels
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 10.12.2001
Reg. data: 67061 Ludwigshafen, HRB 42679
Further functions/participations of Roman Robert Reischl (Manager)
Shareholder:
CMRR GmbH
Birkenhöhenweg 9
D 51465 Bergisch Gladbach
Legal form: Private limited company
Share capital: EUR 25,564.59
Share: EUR 12,782.30
Registered on: 19.02.1992
Reg. data: 50939 Köln, HRB 46380
Manager:
PaperTec GmbH
Staatsstr. 37-41
D 67468 Neidenfels
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 12.12.2001
Reg. data: 67061 Ludwigshafen, HRB 42684
Manager:
GarnTec GmbH
Staatsstr. 5
D 67468 Neidenfels
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 13.11.2000
Reg. data: 67061 Ludwigshafen, HRB 42611
Manager:
LIPtec GmbH
Staatsstr. 37-41
D 67468 Neidenfels
Legal form: Private limited company
Share capital: EUR 1,000,000.00
Registered on: 08.06.2005
Reg. data: 67061 Ludwigshafen, HRB 42907
Manager:
Glatz Finance GmbH
Staatsstr. 37-41
D 67468 Neidenfels
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 10.12.2001
Reg. data: 67061 Ludwigshafen, HRB 42679
Further functions/participations of Nina Ritter-Reischl (Manager)
Proxy:
Glatz Finance GmbH
Staatsstr. 37-41
D 67468 Neidenfels
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 10.12.2001
Reg. data: 67061 Ludwigshafen, HRB 42679
Proxy:
LIPtec GmbH
Staatsstr. 37-41
D 67468 Neidenfels
Legal form: Private limited company
Share capital: EUR 1,000,000.00
Registered on: 08.06.2005
Reg. data: 67061 Ludwigshafen, HRB 42907
Main industrial sector
17120 Manufacture of paper and paperboard
Branch:
Julius Glatz Gesellschaft mit beschränkter Haftung
D 67468 Frankeneck
Shareholder:
LIPtec GmbH
Staatsstr. 37-41
D 67468 Neidenfels
Legal form: Private limited company
Company Status: active
Share capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Reg. data: 08.06.2005
Local court 67061 Ludwigshafen
HRB 42907
Shareholder:
Humus Gesellschaft Pfalz mbH
Staatsstr. 37-41
D 67468 Neidenfels
Legal form: Private limited company
Company Status: active
Share capital: EUR 56,242.11
Share: EUR 35,790.43
Reg. data: 19.05.1993
Local court 67061 Ludwigshafen
HRB 42138
Shareholder:
PaperTec GmbH
Staatsstr. 37-41
D 67468 Neidenfels
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 12.12.2001
Local court 67061 Ludwigshafen
HRB 42684
Shareholder:
GarnTec GmbH
Staatsstr. 5
D 67468 Neidenfels
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 13.11.2000
Local court 67061 Ludwigshafen
HRB 42611
Shareholder:
Glatz Finance GmbH
Staatsstr. 37-41
D 67468 Neidenfels
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 10.12.2001
Local court 67061 Ludwigshafen
HRB 42679
Payment experience: cash discount/within agreed terms
Negative information: We have no negative information at hand.
Maximum credit: > 250,000 EUR
Balance sheet year: 2010
Type of ownership: proprietor
Share: 100.00 %
Address Staatsstr. 37-41 D 67468 Neidenfels
Land register documents were not available.
Principal bank
DEUTSCHE BANK, NEUSTADT AN DER WEINSTRAßE
Sort. code: 54670095, Account no.: 50777200, BIC: DEUTDESM546
Further banks
COMMERZBANK, NEUSTADT AN DER WEINSTRAßE
Sort. code: 54640035, Account no.: 261200000, BIC: COBADEFF546
LANDESBANK BADEN-WÜRTTEMBERG/RHEINLAND-PFALZ BANK, MAINZ A RHEIN
Sort. code: 60050101, Account no.: 7401545459, BIC: SOLADEST600
Turnover: 2010 EUR 92,956,784.00
Profit: 2010 EUR 5,551,097.00
Equipment: EUR 1,706,996.00
Ac/ts receivable: EUR 17,511,394.00
Liabillities: EUR 8,135,200.00
Employees: 304
- thereof permanent staff: 297
- Trainees: 7
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio
[%]: 68.73
Liquidity
ratio: 2.17
Return on total
capital [%]: 8.03
Balance sheet
grade: 1.4
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio
[%]: 65.48
Liquidity
ratio: 2.00
Return on total
capital [%]: 14.01
Balance sheet
grade: 1.3
Balance sheet ratios
01.01.2008 - 31.12.2008
Equity ratio
[%]: 57.38
Liquidity
ratio: 1.53
Return on total
capital [%]: 5.60
Balance sheet
grade: 1.8
Balance sheet ratios
01.01.2007 - 31.12.2007
Equity ratio
[%]: 65.13
Liquidity
ratio: 5.83
Return on total
capital [%]: 9.95
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
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 69,168,258.60
Fixed assets EUR 42,372,193.63
Intangible assets EUR 103,854.00
Concessions, licences, rights EUR 103,854.00
Tangible assets EUR 9,627,494.29
Land / similar rights EUR 2,417,485.98
Plant / machinery EUR 5,028,563.00
Other tangible assets / fixtures and
fittings EUR 1,706,996.00
Advance payments made / construction
in progress EUR 474,449.31
Financial assets EUR 32,640,845.34
Shares in participations /
subsidiaries and the like EUR 28,840,845.34
Shares in related companies EUR 18,965,409.95
Shares in investee companies EUR 9,875,435.39
Loans to participations /
subsidiaries and the like EUR 3,800,000.00
Loans to related companies EUR 3,800,000.00
Current assets EUR 26,066,664.97
Stocks EUR 8,486,632.35
Raw materials, consumables and
supplies EUR 3,958,012.19
Finished goods / work in progress EUR
5,100,259.00
Minus received advance payments for
orders / installments for stocks EUR -571,638.84
Accounts receivable EUR 17,511,393.66
Trade debtors EUR 8,045,762.07
Amounts due from related companies EUR
8,348,324.49
Amounts due from investee companies EUR 3,425.92
Other debtors and assets EUR 1,113,881.18
Liquid means EUR 68,638.96
Remaining other assets EUR 729,400.00
Accruals (assets) EUR 729,400.00
LIABILITIES EUR 69,168,258.60
Shareholders' equity EUR 47,555,807.63
Capital EUR 12,000,000.00
Subscribed capital (share capital) EUR
12,000,000.00
Reserves EUR 28,000,000.00
Retained earnings / revenue reserves
EUR 28,000,000.00
Balance sheet profit/loss (+/-) EUR 7,555,807.63
Profit / loss brought forward EUR 2,004,710.65
Annual surplus / annual deficit EUR 5,551,096.98
Provisions EUR 13,477,251.08
Pension provisions and comparable
provisions EUR 7,632,251.08
Provisions for taxes EUR 2,584,600.00
Other / unspecified provisions EUR 3,260,400.00
Liabilities EUR 8,135,199.89
Financial debts EUR 3,168,187.74
Liabilities due to banks EUR 3,168,187.74
Other liabilities EUR 4,967,012.15
Trade creditors (for IAS incl. bills
of exchange) EUR 4,278,168.45
Liabililties due to related
companiesEUR 522,344.87
Unspecified other liabilities EUR 166,498.83
thereof liabilities from tax /
financial authorities EUR 20,724.71
thereof liabilities from social
security EUR 261.22
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 92,956,783.77
Inventory change + own costs (+/-) EUR
-2,161,907.00
Inventory change (+/-) EUR -2,161,907.00
Other operating income EUR 4,456,640.61
Cost of materials EUR 53,574,946.03
Raw materials and supplies, purchased
goods EUR 40,034,964.07
Purchased services EUR 13,539,981.96
Gross result (+/-) EUR 41,676,571.35
Staff expenses EUR 16,212,149.56
Wages and salaries EUR 13,366,404.40
Social security contributions and
expenses for pension plans and
benefits EUR 2,845,745.16
Total depreciation EUR 2,371,731.53
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,371,731.53
Other operating expenses EUR 19,921,279.73
Operating result from continuing
operations EUR 3,171,410.53
Result from participating interests
(+/-) EUR 3,201,810.56
Expenses / income from participations
EUR 3,201,810.56
Income from transfer of profits EUR 438,872.18
Income from related companies EUR 2,762,938.38
Interest result (+/-) EUR 151,958.93
Interest and similar income EUR
238,552.81
thereof from related companies EUR 209,122.26
Interest and similar expenses EUR 86,593.88
Other financial result EUR 165,181.19
Income from securities and loans from
financial assets EUR 165,181.19
thereof related companies EUR 161,436.50
Financial result (+/-) EUR 3,518,950.68
Result from ordinary operations (+/-) EUR
6,690,361.21
Income tax / refund of income tax
(+/-)EUR -1,063,474.33
Other taxes / refund of taxes EUR -75,789.90
Tax (+/-) EUR -1,139,264.23
Annual surplus / annual deficit EUR 5,551,096.98
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 65,047,323.87
Fixed assets EUR 36,284,150.11
Intangible assets EUR 73,660.00
Concessions, licences, rights EUR 73,660.00
Tangible assets EUR 11,384,129.32
Land / similar rights EUR 2,687,730.98
Plant / machinery EUR 6,495,196.01
Other tangible assets / fixtures and
fittings EUR 1,979,445.00
Advance payments made / construction
in progress EUR 221,757.33
Financial assets EUR 24,826,360.79
Shares in participations /
subsidiaries and the like EUR 24,766,302.13
Shares in related companies EUR 14,890,866.74
Shares in investee companies EUR 9,875,435.39
Other loans EUR 60,058.66
Current assets EUR 27,468,273.76
Stocks EUR 11,023,411.61
Raw materials, consumables and
supplies EUR 3,761,245.61
Finished goods / work in progress EUR
7,262,166.00
Accounts receivable EUR 16,016,086.17
Trade debtors EUR 8,329,950.59
Amounts due from related companies EUR
6,667,289.25
Amounts due from investee companies EUR 21,039.65
Other debtors and assets EUR 997,806.68
Liquid means EUR 428,775.98
Remaining other assets EUR 1,294,900.00
Accruals (assets) EUR 1,294,900.00
LIABILITIES EUR 65,047,323.87
Shareholders' equity EUR 42,604,710.65
Capital EUR 12,000,000.00
Subscribed capital (share capital) EUR
12,000,000.00
Reserves EUR 20,000,000.00
Retained earnings / revenue reserves
EUR 20,000,000.00
Balance sheet profit/loss (+/-) EUR 10,604,710.65
Profit / loss brought forward EUR 2,542,517.83
Annual surplus / annual deficit EUR
8,062,192.82
Provisions EUR 13,990,946.71
Pension provisions and comparable
provisions EUR 7,943,546.71
Provisions for taxes EUR 3,047,400.00
Other / unspecified provisions EUR 3,000,000.00
Liabilities EUR 8,451,666.51
Financial debts EUR 3,750,000.00
Liabilities due to banks EUR 3,750,000.00
Other liabilities EUR 4,701,666.51
Trade creditors (for IAS incl. bills
of exchange) EUR 4,180,013.97
Liabililties due to related
companiesEUR 362,322.13
Unspecified other liabilities EUR 159,330.41
thereof liabilities from tax /
financial authorities EUR 120,036.72
thereof liabilities from social
security EUR 39.88
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 89,404,517.88
Inventory change + own costs (+/-) EUR 3,061,908.00
Inventory change (+/-) EUR
3,061,908.00
Other operating income EUR 4,731,396.53
Cost of materials EUR 49,476,498.39
Raw materials and supplies, purchased
goods EUR 33,263,329.37
Purchased services EUR 16,213,169.02
Gross result (+/-) EUR 47,721,324.02
Staff expenses EUR 16,683,435.36
Wages and salaries EUR 13,649,531.20
Social security contributions and
expenses for pension plans and
benefits EUR 3,033,904.16
Total depreciation EUR 2,473,944.53
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,473,944.53
Other operating expenses EUR 19,032,989.59
Operating result from continuing
operations EUR 9,530,954.54
Result from participating interests
(+/-) EUR 2,881,119.97
Expenses / income from participations
EUR 2,881,119.97
Income from transfer of profits EUR 225,119.30
Income from related companies EUR 2,656,000.67
Interest result (+/-) EUR -24,937.19
Interest and similar income EUR 118,991.80
thereof from related companies EUR 79,804.80
Interest and similar expenses EUR 143,928.99
thereof paid to related companies EUR 0.00
Other financial result EUR 4,083.93
Income from securities and loans from
financial assets EUR 4,083.93
Financial result (+/-) EUR 2,860,266.71
Result from ordinary operations (+/-) EUR
12,391,221.25
Extraordinary expenses EUR 1,046,690.00
Extraordinary result (+/-) EUR -1,046,690.00
Income tax / refund of income tax
(+/-)EUR -3,200,688.40
Other taxes / refund of taxes EUR -81,650.03
Tax (+/-) EUR -3,282,338.43
Annual surplus / annual deficit EUR 8,062,192.82
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.42 |
|
|
1 |
Rs.81.93 |
|
Euro |
1 |
Rs.67.67 |
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.