MIRA
INFORM REPORT
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Report Date : |
26.05.2012 |
IDENTIFICATION DETAILS
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Name : |
PRIMERA GMBH & CO. KG |
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Registered Office : |
Harkortstrasse 24, |
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Country : |
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Financials (as on) : |
31.10.2010 |
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Date of Incorporation : |
27.11.2008 |
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Com. Reg. No.: |
8478 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
manufacturer
of other mens outerwear; and manufacture of other womens outerwear |
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No. of Employees : |
638 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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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
PRIMERA GmbH & Co. KG
Harkortstrasse 24
Munster, 48163
Germany
Tel: +49 (0) 251 71350
Fax: +49 (0) 251 7135101
Web: www.primera-ag.de
Synthesis
Employees: 638
Company Type: Private Subsidiary
Corporate Family: 18 Companies
Ultimate Parent: EDOB
Abwicklungs AG
Incorporation Date: 27-Nov-2008
Financials in: USD
(Millions)
Fiscal Year End: 31-Oct-2010
Reporting Currency: Euro
Annual Sales: 110.9
Total Assets: 49.6
Business Description
PRIMERA GmbH & Co. KG is primarily engaged in manufacture of other men’s outerwear; and manufacture of other women’s outerwear.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 1351 - Clothing
Manufacturing
NACE 2002: 1822 - Manufacture
of other outerwear
NAICS 2002: 3152 - Cut and Sew
Apparel Manufacturing
UK SIC 2003: 1822 - Manufacture
of other outerwear
US SIC 1987: 2339 - Women's,
Misses', and Juniors' Outerwear, Not Elsewhere Classified
Key Executives
Name Title
Enrico Tomassini chief Executive officer
Registered No.(DEU): 8478
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7440097
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7194762
Corporate Overview
Location
Harkortstrasse 24
Munster, 48163
Germany
Tel: +49 (0) 251 71350
Fax: +49 (0) 251 7135101
Web: www.primera-ag.de
Sales EUR(mil): 82.5
Assets EUR(mil): 35.7
Employees: 638
Fiscal Year End: 31-Oct-2010
Industry: Apparel and Accessories
Incorporation Date: 27-Nov-2008
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DEU): 8478
chief Executive officer: Enrico Tomassini
Contents
Industry Codes
Business Description
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
371 - Textile, Clothing and Footwear Wholesaling
1351 - Clothing Manufacturing
6240 - Financial Asset Investing
NACE 2002 Codes:
1822 - Manufacture of other outerwear
7415 - Management activities of holding companies
5142 - Wholesale of clothing and footwear
NAICS 2002 Codes:
4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers
3152 - Cut and Sew Apparel Manufacturing
551112 - Offices of Other Holding Companies
US SIC 1987:
671 - Holding Offices
513 - Apparel, Piece Goods, and Notions
2339 - Women's, Misses', and Juniors' Outerwear, Not Elsewhere
Classified
UK SIC 2003:
7415 - Management activities of holding companies
1822 - Manufacture of other outerwear
5142 - Wholesale of clothing and footwear
Business Description
PRIMERA GmbH & Co. KG is primarily engaged in manufacture of other
men’s outerwear; and manufacture of other women’s outerwear.
More Business
Descriptions
Apparel Accessories and Other Apparel Manufacturing
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Corporate
Family |
Corporate
Structure News: |
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PRIMERA GmbH & Co. KG |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Aschheim-Munich |
Germany |
Apparel and Accessories |
923.6 |
4,027 |
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Subsidiary |
Munster, Nordrhein-Westfalen |
Germany |
Apparel and Accessories |
110.9 |
638 |
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Subsidiary |
Aschheim, Bayern |
Germany |
Apparel and Accessories |
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102 |
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Subsidiary |
Munster, Nordrhein-Westfalen |
Germany |
Apparel and Accessories |
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90 |
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Subsidiary |
Munster, Nordrhein-Westfalen |
Germany |
Apparel and Accessories |
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35 |
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Subsidiary |
Munster |
Germany |
Retail (Specialty) |
25.4 |
214 |
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Subsidiary |
Paris |
France |
Retail (Apparel) |
21.3 |
74 |
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Subsidiary |
Milan |
Italy |
Apparel and Accessories |
11.3 |
72 |
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Subsidiary |
London |
United Kingdom |
Apparel and Accessories |
14.7 |
47 |
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Subsidiary |
Hong Kong |
Hong Kong |
Apparel and Accessories |
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30 |
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Subsidiary |
Lisboa, Lisboa |
Portugal |
Apparel and Accessories |
0.4 |
15 |
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Subsidiary |
Toronto, ON |
Canada |
Apparel and Accessories |
1.1 |
12 |
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Subsidiary |
Aschheim, Bayern |
Germany |
Apparel and Accessories |
44.1 |
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Subsidiary |
Seoul |
Korea, Republic of |
Apparel and Accessories |
13.4 |
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Subsidiary |
Barcelona |
Spain |
Apparel and Accessories |
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Subsidiary |
New York, NY |
United States |
Apparel and Accessories |
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Subsidiary |
New York, NY |
United States |
Retail (Apparel) |
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Subsidiary |
Osaka |
Japan |
Apparel and Accessories |
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Executive report
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Executives |
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chief Executive officer |
Chief Executive Officer |
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Annual Profit & Loss
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31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.74401 |
0.733348 |
0.670545 |
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Consolidated |
Yes |
No |
No |
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Total income |
110.9 |
- |
- |
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Raw materials and services |
31.8 |
- |
- |
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Net sales |
110.9 |
- |
- |
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Change in stock |
-3.9 |
- |
- |
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Other operating income |
3.9 |
- |
- |
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Raw materials and consumables employed |
31.8 |
- |
- |
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Other external charges |
13.1 |
- |
- |
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Cost of goods sold |
44.9 |
- |
- |
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Cost of raw materials |
44.9 |
- |
- |
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Taxes and social security costs |
4.7 |
1.1 |
1.3 |
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Total payroll costs |
28.8 |
8.3 |
9.3 |
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Cost of stock depreciation and amortisation |
- |
11.4 |
0.6 |
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Fixed asset depreciation and amortisation |
3.5 |
1.0 |
1.1 |
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Other operating costs |
79.2 |
25.1 |
14.3 |
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Net operating income |
-5.9 |
-15.0 |
-1.2 |
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Income received from associated companies |
0.0 |
0.0 |
0.0 |
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Other income |
0.2 |
1.8 |
2.4 |
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Interest payable on loans |
0.6 |
3.7 |
5.7 |
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Other expenses |
- |
4.8 |
6.7 |
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Total expenses |
0.4 |
48.3 |
15.9 |
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Profit before tax |
-6.3 |
-63.3 |
-17.1 |
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Extraordinary income |
0.2 |
84.1 |
- |
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Provisions |
9.5 |
1.4 |
1.9 |
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Extraordinary expenses |
2.0 |
41.8 |
0.3 |
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Extraordinary result |
-1.8 |
42.3 |
-0.3 |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.0 |
0.0 |
0.0 |
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Profit distributed to shareholders |
- |
- |
17.4 |
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Net loss |
-8.2 |
-21.0 |
- |
Annual Balance Sheet
Financials in: USD (mil)
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31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.719476 |
0.677759 |
0.788612 |
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Consolidated |
Yes |
No |
No |
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Capital reserves |
31.0 |
- |
34.0 |
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Total reserves |
12.6 |
- |
- |
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Profits for the year |
- |
- |
0.5 |
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Total stockholders equity |
29.2 |
21.3 |
37.8 |
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Deferred taxation |
0.1 |
- |
- |
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Other provisions |
9.8 |
- |
- |
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Provisions and allowances |
9.8 |
1.5 |
1.6 |
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Trade creditors |
7.5 |
0.0 |
0.0 |
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Other loans |
0.0 |
- |
- |
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Taxation and social security |
2.6 |
0.2 |
0.1 |
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Due to group companies |
0.1 |
6.4 |
58.0 |
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Total current liabilities |
10.3 |
6.6 |
58.1 |
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Regularisation account |
0.3 |
- |
- |
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Total liabilities (including net worth) |
49.6 |
29.4 |
97.5 |
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Patents |
1.2 |
0.2 |
0.4 |
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Goodwill |
0.3 |
- |
- |
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Intangibles |
1.6 |
0.2 |
3.0 |
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Land and buildings |
0.2 |
0.0 |
0.0 |
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Machinery and tools |
0.0 |
0.0 |
0.0 |
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Fixtures and equipment |
0.2 |
0.0 |
0.0 |
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Fixed assets under construction |
0.1 |
7.9 |
7.3 |
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Total tangible fixed assets |
6.9 |
8.9 |
8.7 |
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Other financial assets |
0.2 |
- |
- |
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Shares held in associated companies |
0.0 |
9.6 |
35.6 |
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Deposits |
0.8 |
0.1 |
0.1 |
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Total financial assets |
2.8 |
9.7 |
35.7 |
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Loans to associated companies |
1.8 |
- |
- |
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Total non-current assets |
11.4 |
18.8 |
47.4 |
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Raw materials |
1.7 |
- |
- |
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Work in progress |
2.0 |
- |
- |
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Finished goods |
9.7 |
- |
- |
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Prepayments |
0.0 |
- |
- |
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Net stocks and work in progress |
13.5 |
0.0 |
0.0 |
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Trade debtors |
14.1 |
- |
- |
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Other receivables |
3.5 |
- |
- |
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Total receivables |
17.6 |
8.3 |
48.2 |
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Cash and liquid assets |
6.7 |
2.2 |
1.6 |
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Short-term investments |
0.3 |
- |
- |
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Total current assets |
38.1 |
10.5 |
49.8 |
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Prepaid expenses and deferred costs |
0.2 |
0.1 |
0.3 |
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Total assets |
49.6 |
29.4 |
97.5 |
Annual Ratios
Financials in: USD (mil)
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|
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.719476 |
0.677759 |
0.788612 |
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Consolidated |
Yes |
No |
No |
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Current ratio |
36.97 |
15.83 |
8.58 |
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Acid test ratio |
23.89 |
15.83 |
8.58 |
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Total liabilities to net worth |
0.04% |
0.03% |
0.15% |
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Net worth to total assets |
0.06% |
0.07% |
0.04% |
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Current liabilities to net worth |
0.04% |
0.03% |
0.15% |
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Current liabilities to stock |
0.08% |
1,008.98% |
10,270.40% |
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Fixed assets to net worth |
0.04% |
0.09% |
0.13% |
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Collection period |
449.00 |
- |
- |
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Stock turnover rate |
1.17 |
- |
- |
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Profit margin |
-0.01% |
- |
- |
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Return on assets |
-0.02% |
-0.06% |
-0.01% |
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Shareholders' return |
-0.03% |
-0.11% |
-0.04% |
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Sales per employee |
12.93 |
- |
- |
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Profit per employee |
-0.74 |
-33.66 |
-8.64 |
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Average wage per employee |
3.35 |
4.40 |
4.69 |
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Net worth |
29.2 |
21.3 |
37.8 |
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Number of employees |
638 |
138 |
133 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.55.73 |
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UK Pound |
1 |
Rs.87.26 |
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Euro |
1 |
Rs.69.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.