|
Report Date : |
27.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
TOM TAILOR GMBH |
|
|
|
|
Registered Office : |
Garstedter Weg 14 D 22453 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Date of Incorporation : |
1962 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Wholesale of textiles |
|
|
|
|
No. of Employees : |
384 |
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 (31.03.2011) |
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 |
TOM TAILOR GMBH
Company Status: active
Garstedter Weg 14
D 22453 Hamburg
Telephone: 040/589560
Telefax: 040/58956199
Homepage: www.tom-tailor.com
E-mail: info@tom-tailor.com
VAT no.: DE252291581
LEGAL FORM Private limited company
Date of foundation: 1962
Registered on: 19.07.2005
Commercial Register: Local court 20355 Hamburg
under: HRB 94278
Share capital: EUR 2,525,000.00
Shareholder:
TOM TAILOR Holding AG
Garstedter Weg 14
D 22453 Hamburg
Legal form: Public limited company
Share capital: EUR 24,209,035.00
Share: EUR 2,525,000.00
Registered on: 21.12.2007
Reg. data: 20355 Hamburg, HRB 103641
Control and profit transfer agreement
Manager:
Dieter Holzer
Roßbachstr. 2
D 88212 Ravensburg
having sole power of representation
born: 11.05.1964
Profession: Businessman
Marital status: unknown
Proxy:
Jens Bächle
D 20095 Hamburg
authorized to jointly represent the company
born: 12.02.1975
Profession: Businessman
Marital status: single
Proxy:
Udo Greiser
D 78462 Konstanz
authorized to jointly represent the company
born: 13.07.1957
Marital status: single
Proxy:
Dr. Axel Rebien
D 25451 Quickborn
authorized to jointly represent the company
born: 17.07.1971
Profession: Businessman
Marital status: unknown
Proxy:
Ole Puck
D 21379 Rullstorf
authorized to jointly represent the company
born: 10.07.1974
Proxy:
Iris Donecker
Rothenbaumchaussee 154
D 20149 Hamburg
authorized to jointly represent the company
born: 30.07.1966
Proxy:
Dr. Marc Schumacher
D 22453 Hamburg
authorized to jointly represent the company
born: 22.12.1977
Further functions/participations of Dieter Holzer (Manager)
Manager:
Tom Tailor Retail GmbH
Garstedter Weg 14
D 22453 Hamburg
Legal form: Private limited company
Share capital: EUR 52,000.00
Registered
on: 04.11.1993
Reg. data: 20355 Hamburg, HRB 54164
Manager:
TOM TAILOR Verwaltungs-GmbH
Garstedter Weg 14
D 22453 Hamburg
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 09.02.2012
Reg. data: 20355 Hamburg, HRB 121822
Shareholder:
TOM TAILOR Holding AG
Garstedter Weg 14
D 22453 Hamburg
Legal form: Public limited company
Share capital: EUR 24,209,035.00
Share: 1.550 %
Registered
on: 21.12.2007
Reg. data: 20355 Hamburg, HRB 103641
Member of the Board of Directors:
TOM TAILOR Holding AG
Garstedter Weg 14
D 22453 Hamburg
Legal form: Public limited company
Share capital: EUR 24,209,035.00
Registered
on: 21.12.2007
Reg. data: 20355 Hamburg, HRB 103641
30.09.1986 - 18.04.1989 Henke + Co. GmbH
D 20095 Hamburg
Private limited company
18.04.1989 - 09.11.1990 TOM TAILOR Sportswear
Handelsgesellschaft mbH
Schnackenburgallee 156
D 22525 Hamburg
Private limited company
09.11.1990 - 19.01.2000 TOM TAILOR Sportswear
Handelsgesellschaft mbH
Garstedter Weg 14
D 22453 Hamburg
Private limited company
19.01.2000 - 18.07.2005 TOM TAILOR AG
Garstedter Weg 14
D 22453 Hamburg
Public limited company
Sectors
4641 Wholesale of textiles
46421 Wholesale of clothing
4771 Retail sale of clothing
Branch:
Tom Tailor GmbH
Fleischstr. 62-65 EKZ Trier
Galerie
D 54290 Trier
Shareholder:
Tom Tailor Retail GmbH
Garstedter Weg 14
D 22453 Hamburg
Legal form: Private limited company
Company Status: active
Share capital: EUR 52,000.00
Share: EUR 52,000.00
Reg. data: 04.11.1993
Local court 20355 Hamburg
HRB 54164
The Solvency Rating[NG] and the balance sheet grade are generatedon the basis of the calculation methodology of Euler Hermes.
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2008
Type of ownership: Tenant
Address Garstedter Weg 14
D 22453 Hamburg
Real Estate of: Dieter Holzer
Type of ownership: Tenant
Address Roßbachstr. 2
D 88212 Ravensburg
Land register documents were not available.
DEUTSCHE BANK, HAMBURG
Sort. code: 20070000, BIC: DEUTDEHHXXX
COMMERZBANK VORMALS DRESDNER BANK, HAMBURG
Sort. code: 20080000, BIC: DRESDEFF200
Turnover: 2010 EUR 261,000,000.00
2011 EUR 300,000,000.00
further business
figures:
Equipment: EUR 1,530,406.00
Ac/ts
receivable:
EUR 50,611,532.00
Liabilities: EUR 52,734,948.00
Employees:
384
Control and profit transfer agreement to: TOM TAILOR Holding AG
Garstedter Weg 14
D 22453 Hamburg
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 14.61
Liquidity ratio: 1.12
Return on total capital [%]: 4.92
Balance sheet grade: 3.1
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 23.60
Liquidity ratio: 1.53
Return on total capital [%]: 34.54
Balance sheet grade: 2.2
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: 01.01.2008 - 31.12.2008
ASSETS EUR 94,103,659.73
Fixed assets EUR 13,362,405.90
Intangible assets EUR 11,519,312.97
Concessions, licences, rights EUR 658,347.66
Other / unspecified intangible
assetsEUR 10,860,965.31
Tangible assets EUR 1,790,960.35
Land / similar rights EUR 218,824.02
Other tangible assets / fixtures and
fittings EUR 1,530,406.33
Advance payments made / construction
in progress EUR 41,730.00
Financial assets EUR 52,132.58
Shares in participations /
subsidiaries and the like EUR 52,132.58
Shares in related companies EUR 52,132.58
Current assets EUR 79,375,307.41
Stocks EUR 20,605,578.66
Raw materials, consumables and
supplies EUR 244,531.08
Finished goods / work in progress EUR
20,361,047.58
Accounts receivable EUR 50,611,532.74
Trade debtors EUR 26,033,644.96
Amounts due from related companies EUR
19,053,080.30
Amounts due from investee companies EUR
3,044,895.89
Other debtors and assets EUR 2,479,911.59
Liquid means EUR 8,158,196.01
Remaining other assets EUR 1,365,946.42
Accruals (assets) EUR 1,365,946.42
LIABILITIES EUR 94,103,659.73
Shareholders' equity EUR 19,266,084.39
Capital EUR 2,500,000.00
Subscribed capital (share capital) EUR
2,500,000.00
Reserves EUR 250,000.00
Capital reserves EUR 250,000.00
Balance sheet profit/loss (+/-) EUR 16,516,084.39
Profit / loss brought forward EUR 16,516,084.39
Provisions EUR 16,202,626.39
Pension provisions and comparable
provisions EUR 1,305,202.00
Other / unspecified provisions EUR 14,897,424.39
Liabilities EUR 52,734,948.95
Financial debts EUR 20,182,099.26
Liabilities due to banks EUR 20,182,099.26
Other liabilities EUR 32,552,849.69
Trade
creditors (for IAS incl. bills
of exchange) EUR 31,502,876.41
Unspecified other liabilities EUR 1,049,973.28
thereof liabilities from tax /
financial authorities EUR 411,744.46
thereof liabilities from social
security EUR 0.00
Other liabilities EUR 5,900,000.00
Deferrals (liabilities) EUR 5,900,000.00
Guarantees and other commitments EUR 3,500,000.00
Guarantees / warranties EUR 1,400,000.00
Warranties EUR 1,400,000.00
Liability from creation of a security
interest for third parties EUR 2,100,000.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 243,915,198.42
Other operating income EUR 10,629,115.79
Cost of materials EUR 168,574,306.55
Raw materials and supplies, purchased
goods EUR 168,574,306.55
Gross result (+/-) EUR 85,970,007.66
Staff expenses EUR 25,588,506.99
Wages and salaries EUR 22,025,476.52
Social security contributions and
expenses for pension plans and
benefits EUR 3,563,030.47
Total depreciation EUR 3,586,003.75
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 3,586,003.75
Other operating expenses EUR 50,786,079.46
Operating result from continuing
operations EUR 6,009,417.46
Result from participating interests
(+/-) EUR 288,069.16
Expenses / income from participations
EUR 288,069.16
Income from transfer of profits EUR 288,069.16
Interest result (+/-) EUR -1,747,688.17
Interest and similar income EUR 123,634.02
thereof from related companies EUR 118,574.93
Interest and similar expenses EUR 1,871,322.19
Financial result (+/-) EUR -1,459,619.01
Result from ordinary operations (+/-) EUR
4,549,798.45
Expenses for transfer of profits to a
parent company EUR 4,313,491.98
Income tax / refund of income tax
(+/-)EUR -209,162.20
Other taxes / refund of taxes EUR -27,144.27
Tax (+/-) EUR -236,306.47
Annual surplus / annual deficit EUR 0.00
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2007 - 31.12.2007
ASSETS EUR 75,016,874.88
Fixed assets EUR 4,928,024.54
Intangible assets EUR 4,095,861.77
Concessions, licences, rights EUR 403,259.95
Advance payments for intang. assets EUR
1,526,692.60
Other / unspecified intangible
assetsEUR 2,165,909.22
Tangible assets EUR 790,030.19
Land / similar rights EUR 171,341.02
Other tangible assets / fixtures and
fittings EUR 618,689.17
Financial assets EUR 42,132.58
Shares in participations /
subsidiaries and the like EUR 42,132.58
Shares in related companies EUR 42,132.58
Current assets EUR 69,070,540.15
Stocks EUR 24,097,109.98
Raw materials, consumables and
supplies EUR 275,649.39
Finished goods / work in progress EUR
23,821,460.59
Accounts receivable EUR 40,548,625.46
Trade debtors EUR 22,531,487.47
Amounts due from related companies EUR
16,051,376.49
Other debtors and assets EUR 1,965,761.50
Liquid means EUR 4,424,804.71
Remaining other assets EUR 1,018,310.19
Accruals (assets) EUR 1,018,310.19
LIABILITIES EUR 75,016,874.88
Shareholders' equity EUR 19,266,084.39
Capital EUR 2,500,000.00
Subscribed capital (share capital) EUR
2,500,000.00
Reserves EUR 250,000.00
Capital reserves EUR 250,000.00
Balance sheet profit/loss (+/-) EUR 16,516,084.39
Profit / loss brought forward EUR 16,516,084.39
Provisions EUR 24,795,555.72
Pension provisions and comparable
provisions EUR 1,223,453.00
Provisions for taxes EUR 337,933.00
Other / unspecified provisions EUR 23,234,169.72
Liabilities EUR 30,955,234.77
Financial debts EUR 4,499,122.11
Liabilities due to banks EUR 4,499,122.11
Other liabilities EUR 26,456,112.66
Trade creditors (for IAS incl. bills
of exchange) EUR 25,756,927.99
Unspecified other liabilities EUR 699,184.67
thereof liabilities from tax /
financial authorities EUR 316,103.05
thereof liabilities from social
security EUR 1,396.35
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 234,158,281.30
Other operating income EUR 9,451,447.53
Cost of materials EUR 152,511,522.56
Raw materials and supplies, purchased
goods EUR 152,511,522.56
Gross result (+/-) EUR 91,098,206.27
Staff expenses EUR 21,493,448.51
Wages and salaries EUR 18,431,814.98
Social security contributions and
expenses for pension plans and
benefits EUR 3,061,633.53
Total depreciation EUR 1,286,692.86
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,286,692.86
Other operating expenses EUR 40,846,429.10
Operating result from continuing
operations EUR 27,471,635.80
Result from participating interests
(+/-) EUR -1,382,663.25
Expenses for participations EUR 1,382,663.25
Expenses for other participations EUR
1,382,663.25
Interest result (+/-) EUR -752,734.37
Interest and similar income EUR 180,251.11
thereof from related companies EUR 114,014.36
Interest and similar expenses EUR 932,985.48
thereof paid to related companies EUR 0.00
Financial result (+/-) EUR -2,135,397.62
Result from ordinary operations (+/-) EUR
25,336,238.18
Extraordinary expenses EUR 6,644,537.81
Extraordinary result (+/-) EUR -6,644,537.81
Expenses for transfer of profits to a
parent company EUR 18,560,253.81
Income tax / refund of income tax
(+/-)EUR -88,628.22
Other taxes / refund of taxes EUR -42,818.34
Tax (+/-) EUR -131,446.56
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.69 |
|
|
1 |
Rs.89.19 |
|
Euro |
1 |
Rs.72.10 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.