MIRA INFORM REPORT

 

 

Report Date :

12.11.2012

 

IDENTIFICATION DETAILS

 

Name :

DELIUS GMBH

 

 

Registered Office :

Goldstrasse 16-18, Bielefeld, 33602

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1722

 

 

Com. Reg. No.:

30019

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

manufacturer of broad woven silk-type fabrics either with silk or artificial or synthetic yarns.

 

 

No. of Employees :

83 employees

 

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

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

germany - ECONOMIC OVERVIEW

 

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.

 

 

 

Source : CIA

 

 

Company name & address 

 

DELIUS GmbH

Goldstrasse 16-18

Bielefeld, 33602

Germany

Tel:       49 (521) 5430

Fax:      49 (521) 543 341

Web:    www.delius-contract.de

           

 

Synthesis

 

Employees:                  83

Company Type:            Private Subsidiary

Corporate Family:          4 Companies

Ultimate Parent:             C.A. Delius & Söhne GmbH & Co. KG

Incorporation Date:         1722   

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               21.8

Total Assets:                22.0

 

 

Business Description     

 

DELIUS GmbH is primarily engaged in manufacture of broad woven silk-type fabrics either with silk or artificial or synthetic yarns.

 

Industry             

Industry            Textiles - Non Apparel

ANZSIC 2006:    1312 - Natural Textile Manufacturing

NACE 2002:      1721 - Cotton-type weaving

NAICS 2002:     313210 - Broadwoven Fabric Mills

UK SIC 2003:    1721 - Cotton-type weaving

UK SIC 2007:    1320 - Weaving of textiles

US SIC 1987:    2211 - Broadwoven Fabric Mills, Cotton

 

           

Key Executives   

 

Name

Title

Friedrich Wilhelm Delius

Managing director

Rudolf Delius

Managing director

Gerd Kramer

Direktor Inlandsverkauf

Matthias Brockmeier

Leiter-Betrieb

Dieter Wittland

Personaldirektor

 

 

news

 

Title

Date

Classical
Northern Echo (UK) (193 Words)

8-Nov-2012

Wexford Festival Sideshow winner
Spectator, The (UK) (958 Words)

3-Nov-2012

Mixing the earthy and effervescent
Daily Telegraph (UK) (410 Words)

29-Oct-2012

Review: Opera: A Village Romeo and Juliet/L'Arlesiana Wexford Festival Opera 3/5/4/5
Guardian (UK) (346 Words)

29-Oct-2012

FROM WORDS TO HARMONY
Sunday Herald Sun (Australia) (304 Words)

28-Oct-2012

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

 

 

Corporate Overview

 

Location

Goldstrasse 16-18

Bielefeld, 33602

Germany

Tel:       49 (521) 5430

Fax:      49 (521) 543 341

Web:    www.delius-contract.de

           

Sales EUR(mil):             16.5

Assets EUR(mil):           16.4

Employees:                   83

Fiscal Year End:            31-Dec-2010

Industry:                        Textiles - Non Apparel

Incorporation Date:         1722

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(DEU):     30019

Managing director:         Friedrich Wilhelm Delius

 

Contents

Industry Codes

Business Description

Brand/Trade Names

Financial Data

Subsidiaries

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

1312     -          Natural Textile Manufacturing

1334     -          Textile Finishing and Other Textile Product Manufacturing

 

NACE 2002 Codes:

1721     -          Cotton-type weaving

1754     -          Manufacture of other textiles not elsewhere classified

1730     -          Finishing of textiles

1725     -          Other textile weaving

1722     -          Woollen-type weaving

 

NAICS 2002 Codes:

313210  -          Broadwoven Fabric Mills

313312  -          Textile and Fabric Finishing (except Broadwoven Fabric) Mills

313221  -          Narrow Fabric Mills

 

US SIC 1987:

2211     -          Broadwoven Fabric Mills, Cotton

2269     -          Finishers of Textiles, Not Elsewhere Classified

2241     -          Narrow Fabric and Other Smallware Mills Cotton, Wool, Silk, and Manmade Fiber

2221     -          Broadwoven Fabric Mills, Manmade Fiber and Silk

2231     -          Broadwoven Fabric Mills, Wool (Including Dyeing and Finishing)

 

UK SIC 2003:

1721     -          Cotton-type weaving

1730     -          Finishing of textiles

1725     -          Other textile weaving

1722     -          Woollen-type weaving

17542   -          Manufacture of narrow fabrics

 

UK SIC 2007:

1320     -          Weaving of textiles

1330     -          Finishing of textiles

1396     -          Manufacture of other technical and industrial textiles

 

Business Description

Textiles: raw and finished, for furniture, curtains and clothing; industrial fabrics

 

More Business Descriptions

DELIUS GmbH is primarily engaged in manufacture of broad woven silk-type fabrics either with silk or artificial or synthetic yarns.

 

Curtain and Linen Mills

 

Brand/Trade Names

DELIUS

 

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

16.5

Assets:

16.4

Current Assets:

9.4

 

Total Liabilities:

16.4

 

Issued Capital:

5.1

 

Net Worth:

13.0

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

-2.4%

NA

 

Subsidiaries

Company

Percentage Owned

Country

Delcotex Delius Techtex GmbH & Co.KG

 

Germany

Delcotex Delius Techtex Verwaltungs GmbH

 

Germany

DPV GmbH

 

Germany

 

 

 

 

Key Corporate Relationships

Bank:

Commerzbank, LZB, Bankhaus Hermann Lampe, Vereins- und Westbank

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

C.A. Delius & Söhne GmbH & Co. KG
DELIUS GmbH

DELIUS GmbH 
Total Corporate Family Members: 4 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

C.A. Delius & Söhne GmbH & Co. KG

Parent

Bielefeld, Nordrhein-Westfalen

Germany

Commercial Banks

54.3

235

 

Delcotex Delius Techtex Gmbh & Co.

Subsidiary

Bielefeld

Germany

Textiles - Non Apparel

40.5

135

 

DELIUS GmbH

Subsidiary

Bielefeld, Nordrhein-Westfalen

Germany

Textiles - Non Apparel

21.8

100

 

Delcotex Delius Techtex GmbH & Co.KG

Subsidiary

Bielefeld, Nordrhein-Westfalen

Germany

Textiles - Non Apparel

 

140

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Friedrich Wilhelm Delius

 

Managing director

Managing Director

 

Rudolf Delius

 

Managing director

Managing Director

 

Matthias Brockmeier

 

Leiter-Betrieb

Operations Executive

 

Dieter Wittland

 

Personaldirektor

Human Resources Executive

 

Gerd Kramer

 

Direktor Inlandsverkauf

Sales Executive

 

 

 

Annual Profit & Loss

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Total income

21.8

23.5

-

Raw materials and services

10.1

9.4

-

Net sales

21.8

23.5

-

Change in stock

0.0

-1.9

-

Other operating income

1.6

1.2

-

Raw materials and consumables employed

10.1

9.4

-

Other external charges

3.3

3.6

-

Cost of goods sold

13.4

13.1

-

Cost of raw materials

13.4

13.1

-

Taxes and social security costs

0.7

0.8

-

Total payroll costs

4.9

5.1

-

Fixed asset depreciation and amortisation

0.1

0.2

-

Other operating costs

8.1

8.2

-

Net operating income

1.0

0.3

-

Interest received from loans

0.6

0.2

-

Other income

0.1

0.2

-

Interest payable on loans

0.1

0.1

-

Total expenses

-0.6

-0.2

-

Profit before tax

1.6

0.6

-

Extraordinary income

0.1

-

-

Provisions

1.2

2.4

2.8

Extraordinary expenses

0.4

-

-

Extraordinary result

-0.3

-

-

Other taxes

0.0

0.0

-

Total taxation

0.2

0.1

-

Net profit

1.1

0.4

-

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Issued capital

6.9

7.3

7.1

Total reserves

6.0

6.4

6.2

Profits for the year

2.8

2.4

1.9

Profit brought forward from previous year(s)

1.7

2.0

2.7

Total stockholders equity

17.4

16.1

15.2

Deferred taxation

0.1

-

-

Other provisions

0.7

1.4

-

Provision for pensions

0.5

1.1

-

Provisions and allowances

1.3

2.5

2.7

Trade creditors

-

0.7

-

Other loans

-

5.8

-

Taxation and social security

-

0.4

-

Due to group companies

-

0.1

-

Total current liabilities

3.3

6.9

9.4

Total liabilities (including net worth)

22.0

25.4

27.3

Patents

0.0

0.0

-

Intangibles

0.0

0.0

0.0

Machinery and tools

0.0

0.0

-

Total tangible fixed assets

0.3

0.4

0.5

Long-term investments

0.0

0.0

-

Shares held in associated companies

8.6

9.2

-

Total financial assets

8.6

9.2

8.9

Total non-current assets

8.9

9.6

9.4

Raw materials

0.1

0.2

-

Work in progress

0.2

0.3

-

Finished goods

5.2

5.5

-

Net stocks and work in progress

5.4

5.9

7.8

Trade debtors

2.2

2.0

-

Other receivables

0.3

1.9

-

Total receivables

6.4

9.2

8.9

Owing from associated companies

4.0

3.1

-

Owing from participants

-

2.1

-

Cash and liquid assets

0.7

0.7

1.1

Total current assets

12.6

15.8

17.8

Prepaid expenses and deferred costs

0.0

0.0

0.1

Total assets

22.0

25.4

27.3

 

Annual Ratios

Financials in: USD (mil)

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Current ratio

37.72

23.03

18.86

Acid test ratio

21.47

14.39

10.59

Total liabilities to net worth

0.02%

0.04%

0.06%

Net worth to total assets

0.08%

0.06%

0.06%

Current liabilities to net worth

0.02%

0.04%

0.06%

Current liabilities to stock

0.06%

0.12%

0.12%

Fixed assets to net worth

0.05%

0.06%

0.06%

Collection period

365.00

307.00

-

Stock turnover rate

2.46

2.45

-

Profit margin

0.01%

0.00%

-

Return on assets

0.01%

0.00%

-

Shareholders' return

0.01%

0.00%

-

Sales per employee

19.87

23.15

-

Profit per employee

1.30

0.43

-

Average wage per employee

4.42

5.01

-

Net worth

17.4

16.1

15.2

Number of employees

83

73

-

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.34

UK Pound

1

Rs.86.97

Euro

1

Rs.69.43

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.