|
Report Date : |
27.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
FALK & ROSS GROUP EUROPE GMBH |
|
|
|
|
Registered Office : |
Ross-Str. 6, D 67681 Sembach |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.06.2009 |
|
|
|
|
Date of Incorporation : |
1981 |
|
|
|
|
Com. Reg. No.: |
HRB 3642 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Wholesale of clothing |
|
|
|
|
No. of Employees : |
Not Available |
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 |
|
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 – 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
Falk & Ross Group Europe GmbH
Company Status: active
Ross-Str. 6
D 67681 Sembach
Telephone:06303/800270
Telefax:
06303/800271
Homepage: www.falk-ross.de
E-mail:
s.simone@falk-ross.de
VAT no.: DE148940571
LEGAL FORM Private
limited company
Date of foundation: 1981
Shareholders' agreement: 01.06.1981
Registered on: 11.01.2001
Commercial Register: Local court 67657 Kaiserslautern
under: HRB
3642
Share capital: EUR 1,000,000.00
Falk & Ross Group Equity GmbH
Ross-Str. 6
D 67681 Sembach
Legal form: Private limited company
Share capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Registered on: 19.05.2009
Reg. data: 67657 Kaiserslautern, HRB 30683
Helmut Wenzel
Gartenstr. 31
D 67678 Mehlingen
born: 07.05.1956
Manager:
Jacqui Gale
GB
Newtongrange
born: 18.07.1963
Nationality: British
Manager:
Andreas Ewers
D 40210 Düsseldorf
born: 26.08.1969
Armin Borger
D 67734 Katzweiler
authorized to jointly represent the company
born: 25.09.1961
Shareholder:
WH Asset Management UG (haftungsbeschränkt)
Gartenstr. 31
D 67678 Mehlingen
Legal form: Entrepreneur Company (limited
liability)
Share capital: EUR 300.00
Share: EUR 300.00
Registered
on:
25.06.2009
Reg. data:
67657 Kaiserslautern, HRB 30709
Manager:
systems4work GmbH
Gewerbepark Sembach III
D 67681 Sembach
Legal form: Private limited company
dissolved by official decree
Share capital: EUR 51,129.19
Registered
on:
10.08.1998
Reg. data:
67657 Kaiserslautern, HRB 3307
Manager:
AGH AGRARHANDEL Gesellschaft mit
beschränkter Haftung
Gewerbepark 3
D 67681 Sembach
Legal form: Private limited company
insolvent
Share capital: EUR 51,129.19
Registered
on:
26.02.1973
Reg. data:
67657 Kaiserslautern, HRB 1324
Manager:
Falk & Ross Group Equity GmbH
Ross-Str. 6
D 67681 Sembach
Legal form: Private limited company
Share capital: EUR 1,000,000.00
Registered
on:
19.05.2009
Reg. data:
67657 Kaiserslautern, HRB 30683
Manager:
WH Asset Management UG (haftungsbeschränkt)
Gartenstr. 31
D 67678 Mehlingen
Legal form: Entrepreneur Company (limited
liability)
Share capital: EUR 300.00
Registered
on:
25.06.2009
Reg. data:
67657 Kaiserslautern, HRB 30709
Vereinigte Landwarenkaufleute Südwest AG
Gewerbepark 3
D 67681 Sembach
Legal form: Public limited company insolvent
Share capital: EUR 1,078,825.87
Registered
on:
26.05.1994
Reg. data:
67657 Kaiserslautern, HRB 2880
Manager:
Falk & Ross Group Equity GmbH
Ross-Str. 6
D 67681 Sembach
Legal form: Private limited company
Share capital: EUR 1,000,000.00
Registered
on:
19.05.2009
Reg. data:
67657 Kaiserslautern, HRB 30683
Manager:
Falk & Ross Group Equity GmbH
Ross-Str. 6
D 67681 Sembach
Legal form: Private limited company
Share capital: EUR 1,000,000.00
Registered
on:
19.05.2009
Reg. data:
67657 Kaiserslautern, HRB 30683
29.07.1981 - 20.02.1995 Falk & Ross GmbH
Weiherstr. 14
D 66877 Ramstein-Miesenbach
Private limited company
13.11.2000 - 24.01.2001 Falk & Ross GmbH
Kaiserstr. 163
D 66862 Kindsbach
Private limited company
25.01.2001 - 31.12.2005 Falk & Ross GmbH
Siegelbacher Str. 8
D 67659 Kaiserslautern
Private limited company
Sectors
46421
Wholesale of clothing
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Maximum credit: 250,000 EUR
Balance sheet grade: 3.2 The balance sheet grade ranges from
1.0 to 5.0.
It is based on the
following ratios: equity ratio,
liquidity ratio and return on total
capital from the balance sheets
published in the Federal Gazette.
The balance sheet grade forms part
of the solvency rating.
Balance sheet year: 2009
Type of ownership: Tenant
Address
Ross-Str. 6
D 67681 Sembach
Land register documents were not available.
Principal bank
DEUTSCHE BANK, KAISERSLAUTERN
Sort. code: 54070092, Account no.: 322420,
BIC: DEUTDESM540
Further banks
KREISSPARKASSE KAISERSLAUTERN, KAISERSLAUTERN
Sort. code: 54050220, BIC: MALADE51KLK
VOLKSBANK GLAN-MÜNCHWEILER, GLAN-MÜNCHWEILER
Sort. code: 54092400, BIC: GENODE61GLM
Turnover: 2010 EUR 42,000,000.00
Equipment: EUR 471,843.00
Ac/ts receivable: EUR 13,459,658.00
Liabillities: EUR 38,321,698.00
Total numbers of vehicles: 2
Employees: 164
- thereof permanent staff: 106
- Part-time employees: 2
- Temporary workers: 56
Balance sheet ratios 01.01.2009 - 30.06.2009
Equity ratio [%]: 24.70
Liquidity ratio: 0.35
Return on total capital [%]: 3.18
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 28.22
Liquidity ratio: 0.41
Return on total capital [%]: 11.25
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 22.65
Liquidity ratio: 0.33
Return on total capital [%]: 10.05
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: 01.01.2009 - 30.06.2009
ASSETS EUR 53,469,482.26
Fixed assets EUR 21,977,618.22
Intangible assets EUR 225,428.00
Concessions, licences, rights EUR 225,428.00
Tangible assets EUR 9,075,445.12
Land / similar rights EUR 4,497,613.55
Plant / machinery EUR 3,939,326.00
Other tangible assets / fixtures and
fittings EUR 471,843.50
Advance payments made / construction
in progress EUR 166,662.07
Financial assets EUR 12,676,745.10
Shares in participations /
subsidiaries and the like EUR 5,262,922.60
Shares in related companies EUR 5,262,922.60
Loans to participations /
subsidiaries and the like EUR 7,360,161.08
Loans
to related companies EUR 7,360,161.08
Other / unspecified financial assets
EUR 53,661.42
Current assets EUR 30,587,264.04
Stocks EUR 16,919,416.00
Finished goods / work in progress EUR
16,919,416.00
Accounts receivable EUR 13,459,658.02
thereof total due from shareholders EUR 51,713.43
Trade debtors EUR 6,598,462.36
Amounts due from related companies EUR
6,203,444.74
Other debtors and assets EUR 657,750.92
Liquid means EUR 208,190.02
Remaining other assets EUR 904,600.00
Accruals (assets) EUR 899,185.85
thereof disagio EUR 168,696.00
Other assets EUR 5,414.15
LIABILITIES EUR
53,469,482.26
Shareholders' equity EUR 13,328,689.75
Capital EUR 1,000,000.00
Subscribed capital (share capital) EUR
1,000,000.00
Reserves EUR 10,672,330.11
Retained earnings / revenue reserves
EUR 10,672,330.11
Balance sheet profit/loss (+/-) EUR 1,656,359.64
Annual surplus / annual deficit EUR 1,656,359.64
Provisions EUR 1,819,094.19
Pension provisions and comparable
provisions EUR 86,725.00
Provisions for taxes EUR 1,428,001.00
Other / unspecified provisions EUR 304,368.19
Liabilities EUR 38,321,698.12
thereof total due to shareholders EUR 0.00
Financial debts EUR 27,444,279.61
Liabilities due to banks EUR 27,444,279.61
Other liabilities EUR 10,877,418.51
Trade creditors (for IAS incl. bills
of exchange) EUR 4,394,015.43
Liabililties due to related
companiesEUR 3,026,015.53
Liabilities due to investee
companiesEUR 5,649.26
Unspecified other liabilities EUR 3,451,738.29
thereof liabilities from tax /
financial authorities EUR 709,555.58
thereof liabilities from social
security EUR 1,394.58
Difference assets / liabilities EUR 0.20
Profit
and loss account (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 40,981,906.71
Other operating income EUR 300,026.95
Cost of materials EUR 30,226,683.96
Raw materials and supplies, purchased
goods EUR
30,226,683.96
Gross result (+/-) EUR 11,055,249.70
Staff expenses EUR 2,763,680.35
Wages and salaries EUR 2,376,130.88
Social security contributions and
expenses for pension plans and
benefits EUR 387,549.47
Total depreciation EUR 679,192.58
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 679,192.58
Other operating expenses EUR 4,586,742.85
Operating result from continuing
operations EUR 3,025,633.92
Interest result (+/-) EUR -630,302.95
Interest and similar income EUR 322,992.57
thereof from related companies EUR 319,370.61
Interest and similar expenses EUR 953,295.52
thereof paid to related companies EUR 2,028.17
Financial result (+/-) EUR -630,302.95
Result from ordinary operations (+/-) EUR
2,395,330.97
Extraordinary income EUR -500.00
Extraordinary result (+/-) EUR -500.00
Expenses for transfer of profits to a
parent company EUR 40,264.02
Income tax / refund of income tax
(+/-)EUR -690,381.95
Other taxes / refund of taxes EUR -7,825.36
Tax (+/-) EUR -698,207.31
Annual surplus / annual deficit EUR 1,656,359.64
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2008 - 31.12.2008
ASSETS EUR 42,810,425.65
Fixed assets EUR 16,017,353.06
Intangible assets EUR 232,242.50
Concessions, licences, rights EUR 85,336.50
Advance payments for intang. assets EUR
146,906.00
Tangible assets EUR 9,086,516.55
Land / similar rights EUR 4,427,572.55
Plant / machinery EUR 4,302,368.00
Other tangible assets / fixtures and
fittings EUR 356,576.00
Financial assets EUR 6,698,594.01
Shares in participations /
subsidiaries and the like EUR 751,922.60
Shares in related companies EUR 541,922.60
Shares in investee companies EUR 210,000.00
Loans to participations /
subsidiaries and the like EUR 5,898,733.26
Loans to related companies EUR 5,898,733.26
Other / unspecified financial assets
EUR 47,938.15
Current assets EUR 26,014,651.33
Stocks
EUR 14,153,750.00
Finished goods / work in progress EUR
14,153,750.00
Accounts receivable EUR 11,742,126.57
Trade debtors EUR 5,701,853.45
Amounts due from related companies EUR
4,422,951.76
Amounts due from investee companies EUR
1,238,661.75
Other debtors and assets EUR 378,659.61
Liquid means EUR 118,774.76
Remaining other assets EUR 778,421.26
Accruals (assets) EUR 778,421.26
thereof disagio EUR 189,547.00
LIABILITIES EUR 42,810,425.65
Shareholders' equity EUR 11,607,843.11
Capital EUR 1,000,000.00
Subscribed capital (share capital) EUR
1,000,000.00
Reserves EUR 5,886,906.22
Retained earnings / revenue reserves
EUR 5,886,906.22
Balance sheet profit/loss (+/-) EUR 4,720,936.89
Annual surplus / annual deficit EUR 4,720,936.89
Provisions EUR
2,171,525.38
Pension provisions and comparable
provisions EUR 81,394.00
Provisions for taxes EUR 1,912,751.93
Other / unspecified provisions EUR 177,379.45
Liabilities EUR 29,031,057.16
Financial debts EUR 24,372,292.81
Liabilities due to banks EUR 24,372,292.81
Other liabilities EUR 4,658,764.35
Trade creditors (for IAS incl. bills
of exchange) EUR 2,179,415.48
Liabililties due to related
companiesEUR 469,757.27
Liabilities due to investee
companiesEUR 36,270.44
Unspecified other liabilities EUR 1,973,321.16
thereof liabilities from tax /
financial authorities EUR 374,867.11
Profit
and loss account (cost-summary method) according to Comm.
Code
(HGB)
Sales
EUR 81,550,237.78
Other operating income EUR 316,274.04
Cost of materials EUR 59,556,155.46
Raw materials and supplies, purchased
goods EUR 59,556,155.46
Gross result (+/-) EUR 22,310,356.36
Staff expenses EUR 5,150,155.01
Wages and salaries EUR 4,395,625.30
Social security contributions and
expenses for pension plans and
benefits EUR 754,529.71
Total depreciation EUR 1,523,323.55
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,523,323.55
Other operating expenses EUR 8,814,431.31
Operating result from continuing
operations EUR 6,822,446.49
Result from participating interests
(+/-) EUR 630,804.69
Expenses / income from participations
EUR 630,804.69
Income from related companies EUR 630,804.69
Interest result (+/-) EUR -953,092.52
Interest and similar income EUR 610,039.76
thereof from related companies EUR 267,024.47
Interest and similar expenses EUR 1,563,132.28
thereof paid to related companies EUR 33,836.48
Financial result (+/-) EUR -322,287.83
Result from ordinary operations (+/-) EUR
6,500,158.66
Expenses for transfer of profits to a
parent company EUR 80,528.04
Income tax / refund of income tax
(+/-)EUR -1,683,659.00
Other taxes / refund of taxes EUR -15,034.73
Tax (+/-) EUR -1,698,693.73
Annual surplus / annual deficit EUR
4,720,936.89
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.30 |
|
|
1 |
Rs.81.36 |
|
Euro |
1 |
Rs.67.97 |
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.