MIRA
INFORM REPORT
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Report Date : |
07.08.2012 |
IDENTIFICATION DETAILS
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Name : |
MAYER & CIE. GMBH & CO KG |
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Registered Office : |
Emil-Mayer-Strasse 10, Albstadt, 72461 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.02.1972 |
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Com. Reg. No.: |
400260 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
Subject is engaged in wholesale of gramophone, audio tapes, compact discs and video tapes and of the equipment on which these are played; and wholesale of radios and televisions; wholesale of electrical household appliances not elsewhere classified |
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No. of Employees : |
610 (2006) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Mayer & Cie. GmbH & Co KG
Emil-Mayer-Strasse 10
Albstadt, 72461
Germany
Tel: +49 (0) 7432 7000
Fax: +49 (0) 7432 700315
Web: www.mayercie.de
Synthesis
Employees: 610
Company Type: Private Parent
Corporate Family: 3
Companies
Incorporation Date:
01-Feb-1972
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Euro
Annual Sales: 84.6
Total Assets: 47.5
Business Description
Mayer & Cie. GmbH & Co KG is primarily engaged in wholesale of gramophone records, audio tapes, compact discs and video tapes and of the equipment on which these are played; and wholesale of radios and televisions; wholesale of electrical household appliances not elsewhere classified.
Industry
Industry Appliance and Tool
ANZSIC 2006: 3494 - Other
Electrical and Electronic Goods Wholesaling
NACE 2002: 5143 - Wholesale
of electrical household appliances and radio and television goods
NAICS 2002: 4236 - Electrical
and Electronic Goods Merchant Wholesalers
UK SIC 2003: 5143 - Wholesale
of electrical household appliances and radio and television goods
US SIC 1987: 5084 - Industrial
Machinery and Equipment
Key Executives
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Name |
Title |
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Karl-Heinz Dommes |
Co-Geschäftsführer |
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Marcus Mayer |
Co-Geschäftsführer |
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Rainer Mayer |
Co-Geschäftsführer |
news
|
Title |
Date |
|
Economic Recovery to Rekindle
Sales in the Global Textile Machinery Market, According to New Report by Global
Industry Analysts, Inc. |
24-Apr-2012 |
Registered No.(DEU): 400260
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Corporate Overview
Location
Emil-Mayer-Strasse 10
Albstadt, 72461
Germany
Tel: +49 (0) 7432 7000
Fax: +49 (0) 7432 700315
Web: www.mayercie.de
Sales EUR(mil): 60.9
Assets EUR(mil): 36.6
Employees: 610
Fiscal Year End: 31-Dec-2011
Industry: Appliance
and Tool
Incorporation Date: 01-Feb-1972
Company Type: Private
Parent
Quoted Status: Not
Quoted
Registered No.(DEU): 400260
Co-Geschäftsführer: Rainer
Mayer
Contents
Industry Codes
Business Description
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2469 - Other Specialised Machinery and Equipment Manufacturing
3494 - Other Electrical and Electronic Goods Wholesaling
NACE 2002 Codes:
2954 - Manufacture of machinery for textile, apparel and leather
production
5143 - Wholesale of electrical household appliances and radio and
television goods
NAICS 2002 Codes:
333292 - Textile Machinery Manufacturing
4236 - Electrical and Electronic Goods Merchant Wholesalers
US SIC 1987:
3552 - Textile Machinery
5084 - Industrial Machinery and Equipment
UK SIC 2003:
2954 - Manufacture of machinery for textile, apparel and leather
production
5143 - Wholesale of electrical household appliances and radio and
television goods
Business
Description
Mayer & Cie. GmbH & Co KG is primarily engaged in wholesale of gramophone records, audio tapes, compact discs and video tapes and of the equipment on which these are played; and wholesale of radios and televisions; wholesale of electrical household appliances not elsewhere classified.
More Business
Descriptions
Other Commercial and Industrial Machinery and Equipment Rental and
Leasing
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Corporate Family |
Corporate Structure News: |
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Mayer
& Cie. GmbH & Co KG |
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Mayer & Cie. GmbH & Co KG |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Mayer & Cie. GmbH & Co
KG |
Parent |
Albstadt, Baden-Württemberg |
Germany |
Appliance and Tool |
84.6 |
260 |
|
|
Hans Rüster GmbH & Co. KG
Platinenfabrik |
Subsidiary |
Deggingen, Baden-Württemberg |
Germany |
Personal and Household Products |
|
150 |
|
|
IVGD GmbH & Co. KG |
Subsidiary |
Albstadt, Baden-Württemberg |
Germany |
Business Services |
|
1 |
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Executive report
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Executives |
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Co-Geschäftsführer |
Chief Executive Officer |
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Co-Geschäftsführer |
Chief Executive Officer |
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Co-Geschäftsführer |
Chief Executive Officer |
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Annual Profit & Loss
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|
31-Dec-2011 |
31-Dec-2006 |
31-Dec-2005 |
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Period
Length |
12
Months |
12
Months |
12
Months |
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Filed
Currency |
EUR |
EUR |
EUR |
|
Exchange
Rate (Period Average) |
0.71919 |
0.796979 |
0.804541 |
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Consolidated |
No |
No |
No |
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Total
income |
84.6 |
134.6 |
120.2 |
|
Raw materials and services |
35.8 |
53.0 |
47.7 |
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Net sales |
84.6 |
134.6 |
120.2 |
|
Change in stock |
0.2 |
-5.1 |
-5.0 |
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Own work capitalised |
0.0 |
0.1 |
0.8 |
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Other operating income |
6.6 |
3.9 |
7.2 |
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Raw materials and consumables
employed |
35.8 |
53.0 |
47.7 |
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Other external charges |
6.0 |
12.7 |
11.9 |
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Cost of goods sold |
41.8 |
65.7 |
59.7 |
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Cost of raw materials |
41.8 |
65.7 |
59.7 |
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Taxes and social security
costs |
3.3 |
6.2 |
6.7 |
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Total payroll costs |
20.3 |
31.7 |
34.5 |
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Fixed asset depreciation and
amortisation |
1.3 |
4.3 |
4.2 |
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Other operating costs |
42.9 |
54.5 |
62.0 |
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Net operating
income |
6.6 |
4.5 |
-6.2 |
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Interest received from loans |
- |
0.1 |
0.0 |
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Other income |
0.8 |
2.5 |
2.0 |
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Interest payable on loans |
1.5 |
6.3 |
5.5 |
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Other expenses |
- |
0.6 |
7.9 |
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Total
expenses |
0.8 |
4.2 |
12.2 |
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Profit before tax |
5.7 |
0.3 |
-18.4 |
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Provisions |
3.8 |
13.0 |
14.3 |
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Extraordinary expenses |
0.3 |
- |
- |
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Extraordinary result |
-0.3 |
- |
- |
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Other taxes |
0.1 |
0.1 |
0.1 |
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Total taxation |
0.0 |
0.0 |
0.0 |
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Profit distributed to
shareholders |
-0.6 |
- |
- |
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Net
profit |
4.8 |
0.3 |
- |
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Net
loss |
- |
- |
-18.4 |
Annual Balance Sheet
Financials in: USD
(mil)
|
|
31-Dec-2011 |
31-Dec-2006 |
31-Dec-2005 |
|
Filed
Currency |
EUR |
EUR |
EUR |
|
Exchange
Rate |
0.770327 |
0.758351 |
0.847781 |
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Consolidated |
No |
No |
No |
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Capital reserves |
0.8 |
- |
- |
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Profits for the year |
- |
0.3 |
-17.5 |
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Total
stockholders equity |
28.4 |
16.9 |
14.8 |
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Deferred taxation |
- |
0.1 |
0.2 |
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Other provisions |
2.6 |
3.5 |
4.3 |
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Provision for pensions |
1.0 |
10.1 |
9.1 |
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Provisions and allowances |
3.6 |
13.6 |
13.6 |
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Trade creditors |
2.8 |
7.5 |
8.6 |
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Advances received |
3.5 |
2.5 |
2.8 |
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Other loans |
4.4 |
49.1 |
47.3 |
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Taxation and social security |
0.5 |
5.8 |
3.6 |
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Other current liabilities |
- |
9.1 |
8.6 |
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Due to group companies |
0.2 |
1.0 |
0.5 |
|
Owing to participants |
0.0 |
19.2 |
14.1 |
|
Total
current liabilities |
15.6 |
94.2 |
85.6 |
|
Regularisation account |
- |
0.0 |
0.0 |
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Total
liabilities (including net worth) |
47.5 |
142.0 |
129.6 |
|
Patents |
0.0 |
5.8 |
6.0 |
|
Intangibles |
0.0 |
5.8 |
6.0 |
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Land and buildings |
5.3 |
12.5 |
12.1 |
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Machinery and tools |
2.6 |
1.8 |
2.5 |
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Fixtures and equipment |
5.3 |
12.5 |
12.1 |
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Fixed assets under
construction |
0.0 |
0.0 |
1.2 |
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Total
tangible fixed assets |
8.3 |
16.7 |
18.8 |
|
Long-term investments |
0.0 |
0.2 |
0.2 |
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Shares held in associated
companies |
6.1 |
24.2 |
21.8 |
|
Total
financial assets |
6.3 |
31.1 |
26.9 |
|
Loans to participants |
- |
4.5 |
4.0 |
|
Loans to associated companies |
0.2 |
2.2 |
0.9 |
|
Total
non-current assets |
14.5 |
53.6 |
51.7 |
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Raw materials |
6.6 |
11.2 |
12.4 |
|
Work in progress |
4.9 |
10.7 |
8.9 |
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Finished goods |
3.2 |
4.4 |
7.0 |
|
Net stocks and work in
progress |
14.7 |
26.2 |
28.3 |
|
Trade debtors |
11.3 |
35.0 |
30.1 |
|
Other receivables |
0.9 |
11.1 |
7.6 |
|
Total
receivables |
17.4 |
61.1 |
48.9 |
|
Owing from associated
companies |
5.2 |
15.0 |
11.0 |
|
Owing from participants |
- |
0.0 |
0.2 |
|
Cash and liquid assets |
0.8 |
1.1 |
0.4 |
|
Total
current assets |
32.9 |
88.4 |
77.7 |
|
Prepaid expenses and deferred
costs |
0.0 |
0.1 |
0.3 |
|
Total
assets |
47.5 |
142.0 |
129.6 |
Annual
Ratios
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2006 |
31-Dec-2005 |
|
Period
Length |
12
Months |
12
Months |
12
Months |
|
Filed
Currency |
EUR |
EUR |
EUR |
|
Exchange
Rate |
0.770327 |
0.758351 |
0.847781 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
21.14 |
9.38 |
9.07 |
|
Acid test ratio |
11.70 |
6.60 |
5.76 |
|
Total liabilities to net worth |
0.05% |
0.56% |
0.58% |
|
Net worth to total assets |
0.06% |
0.01% |
0.01% |
|
Current liabilities to net
worth |
0.05% |
0.56% |
0.58% |
|
Current liabilities to stock |
0.11% |
0.36% |
0.30% |
|
Fixed assets to net worth |
0.05% |
0.32% |
0.35% |
|
Collection period |
522.00 |
902.00 |
964.00 |
|
Stock turnover rate |
1.86 |
1.85 |
2.48 |
|
Profit margin |
0.01% |
0.00% |
-0.02% |
|
Return on assets |
0.01% |
0.00% |
-0.01% |
|
Shareholders' return |
0.02% |
0.00% |
-0.12% |
|
Sales per employee |
- |
17.58 |
15.90 |
|
Profit per employee |
- |
0.03 |
-2.44 |
|
Average wage per employee |
- |
4.15 |
4.57 |
|
Net worth |
28.4 |
16.9 |
14.8 |
|
Number of employees |
- |
610 |
608 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.47 |
|
UK Pound |
1 |
Rs.86.60 |
|
Euro |
1 |
Rs.68.66 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.