|
Report Date : |
01.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
MAURER SÖHNE GMBH & CO. KG |
|
|
|
|
Registered Office : |
Frankfurter Ring 193, D 80807 München,
Post Box 44 01 45 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
01.01.1958 |
|
|
|
|
Com. Reg. No.: |
HRA 49206 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
Manufacture of metal structures and parts of structures |
|
|
|
|
No. of Employees : |
487 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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
Maurer Söhne GmbH & Co. KG
Frankfurter Ring 193
D 80807 München
Post Box: 44 01 45
Telephone: 089/32394-0
Telefax:
089/32394-234
Homepage: www.maurer-soehne.de
E-mail:
info@mchn.maurer-soehne.de
DE130487633
The company is considered solvent for credits within its scope of
business.
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date of foundation: 01.01.1958
Registered on: 01.01.1958
Register of
companies: Local court 80797 München
under: HRA 49206
Total cap. contribution:
EUR 5,130,000.00
Hans Beutler
König-Heinrich-Str. 2
D 81925 München
born: 10.12.1936
Share:
EUR 1,710,000.00
Limited
partner:
Peter Beutler
Finkenstr. 19
D 85598 Baldham
Share: EUR 1,710,000.00
Limited
partner:
Ursula Grill
A - Graz
née: Beutler
Share: EUR 1,710,000.00
Beutler Verwaltungsgesellschaft mit
beschränkter Haftung
Frankfurter Ring 193
D 80807 München
Legal form: Private limited company
Share capital: EUR 25,564.59
Registered on: 29.12.1972
Reg. data: 80797 München, HRB 45293
Hans Beutler
König-Heinrich-Str. 2
D 81925 München
born: 10.12.1936
Share: EUR 25,564.59
Hans Beutler
König-Heinrich-Str. 2
D 81925 München
having sole power of representation
born: 10.12.1936
Profession: Fully qualified economic
engineer
Marital status: married
Manager:
Franz Scherm
Puchheimer Str. 18
D 85221 Dachau
having sole power of representation
born: 16.04.1946
Profession: Management expert
Marital status: married
Manager:
Dr. Christian Braun
Buchenstr. 19a
D 83607 Holzkirchen
having sole power of representation
born: 30.06.1959
Wilfried Müller
D 44787 Bochum
having sole power of representation
born: 27.10.1946
Proxy:
Ralf Reifferscheidt
D 47051 Duisburg
authorized to jointly represent the company
born: 29.03.1957
01.01.1958 - 06.08.1973 Friedrich
Maurer Söhne.
D 80807
München
Limited
partnership
06.08.1973 - 20.02.1978 Friedrich
Maurer Söhne.
D 80807 München
Ltd
partnership with priv. ltd. company
as
general partner
20.02.1978 - 07.09.1995 Friedrich
Maurer Söhne GmbH & Co., KG
D 80807
München
Ltd
partnership with priv. ltd. company
as
general partner
Sectors
25110 Manufacture of metal
structures and parts of structures
42910 Construction of water
projects
Works:
Maurer Söhne GmbH & Co. KG
Kamenzer Str.
4-6
D 02994
Bernsdorf
TEL.:
035723/237-0
Branch:
Maurer Söhne
GmbH & Co. KG
Zum Holzplatz
2
D 44536 Lünen
TEL.:
0231/434010
Branch:
Maurer Söhne
GmbH & Co. KG
Industriestr.
3
D 86558
Hohenwart
TEL.:
08443/505
FAX.:
08443/8103
Shareholder:
Maurer Söhne
Vertriebs-GmbH
Frankfurter
Ring 193
D 80807
München
Legal form:
Private limited company
Company
Status: dissolved by official decree
since: 14.09.2006
Share
capital: EUR 127,822.97
Share: EUR 127,822.97
Reg.
data: 09.06.1997
Local court 80797 München
HRB 116777
Shareholder:
Maurer German
Wheels GmbH
Frankfurter
Ring 193
D 80807
München
Legal form: Private limited
company
Company
Status: active
Share
capital: EUR 100,000.00
Share: EUR 100,000.00
Reg. data: 21.05.2012
Local court 80797 München
HRB 198821
Shareholder:
Maurer Söhne
Rides GmbH
Frankfurter
Ring 193
D 80807
München
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 75,000.00
Share: EUR 75,000.00
Reg.
data: 27.11.2007
Local court 80797 München
HRB 170923
Shareholder:
Maurer Söhne
International GmbH
Frankfurter
Ring 193
D 80807
München
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 50,000.00
Share: EUR 50,000.00
Reg. data: 09.06.2008
Local court 80797 München
HRB 173998
Shareholder:
Boldt
Verwaltungs-GmbH
Kaiserstr. 31
D 72764
Reutlingen
Legal form:
Private limited company
Company
Status: dissolved by official decree
since: 22.04.2009
Share
capital: EUR 100,000.00
Share: EUR 50,000.00
Reg.
data: 20.08.1998
Local court 70190 Stuttgart
HRB 353405
Shareholder:
Maurer Rides
Service & Parts GmbH
Frankfurter
Ring 193
D 80807
München
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 50,000.00
Share: EUR 50,000.00
Reg.
data: 14.09.2009
Local court 80797 München
HRB 181357
Shareholder:
Transtec Investment GmbH
Buchenstr.
19a
D 83607
Holzkirchen
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 50,000.00
Share: EUR 50,000.00
Reg.
data: 15.10.2009
Local court 80797 München
HRB 181875
Shareholder:
Maurer Söhne Engineering
Verwaltungs GmbH
Frankfurter
Ring 193
D 80807
München
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 30,000.00
Share: EUR 30,000.00
Reg.
data: 08.12.2005
Local court 80797 München
HRB 159919
Shareholder:
Maurer Water
Rides GmbH
Frankfurter
Ring 193
D 80807
München
Legal form:
Private limited company
Company
Status: dissolved
since: 20.06.2007
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 28.10.2002
Local court 80797 München
HRB 144877
Shareholder:
Maurer Söhne
Vermögensverwaltung GmbH
Frankfurter
Ring 193
D 80807
München
Legal form: Private
limited company
Company
Status: active
Share
capital: EUR 27,000.00
Share: EUR 1,000.00
Reg.
data: 01.10.1991
Local court 80797 München
HRB 96545
Payment experience: within
agreed terms
Negative information: We have
no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Frankfurter Ring 193
D 80807 München
Real Estate of: Beutler Verwaltungsgesellschaft mit
beschränkter Haftung
Type of ownership: Tenant
Address Frankfurter Ring 193
D 80807 München
Land register documents were not available.
COMMERZBANK
VORMALS DRESDNER BANK, MÜNCHEN
Sort. code: 70080000, BIC: DRESDEFF700
DEUTSCHE BANK,
MÜNCHEN
Sort. code: 70070010, BIC: DEUTDEMMXXX
BAYERISCHE
LANDESBANK, MÜNCHEN
Sort. code: 70050000, BIC: BYLADEMMXXX
COMMERZBANK,
NÜRNBERG, MITTELFR
Sort. code: 76040061, BIC: COBADEFF760
Turnover: 2010 EUR 121,044,219.00
Profit: 2010 EUR 6,480,508.00
Equipment: EUR 3,459,814.00
Ac/ts
receivable:
EUR 23,119,364.00
Liabilities: EUR 18,241,419.00
Employees:
487
-
thereof permanent staff: 487
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 7.72
Liquidity
ratio: 3.07
Return
on total capital [%]: 6.96
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 26.39
Liquidity
ratio: 2.16
Return
on total capital [%]: 3.03
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 30.30
Liquidity
ratio: 2.56
Return
on total capital [%]: 3.00
Balance
sheet ratios 01.01.2007 - 31.12.2007
Equity
ratio [%]: 32.32
Liquidity
ratio: 10.00
Return
on total capital [%]: 2.14
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.
Balance sheet
grade
The balance sheet grade is based on the following ratios: equity ratio, liquidity ratio and return on total capital from the balance sheets published in the Federal Gazette.
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 100,245,626.80
Fixed assets EUR 52,223,138.43
Intangible assets EUR 1,532,624.00
Concessions, licences, rights EUR 1,532,624.00
Tangible assets EUR 10,130,008.60
Land / similar rights EUR 3,185,126.78
Plant / machinery EUR 2,718,372.59
Other tangible assets / fixtures and
fittings EUR 3,459,814.28
Advance payments made / construction
in progress EUR 766,694.95
Financial assets EUR 40,560,505.83
Shares
in participations /
subsidiaries and the like EUR 6,641,504.87
Shares in related companies EUR 4,314,168.34
Shares in investee companies EUR 2,327,336.53
Securities included in fixed assets EUR
33,701,437.73
Other loans EUR 217,563.23
Current assets EUR 47,799,667.73
Stocks EUR 12,029,360.64
Raw materials, consumables and
supplies EUR 6,248,445.89
Finished goods / work in progress EUR
38,086,460.55
Advance payments made EUR 1,249,543.83
Minus received advance payments for
orders / installments for stocks EUR
-33,555,089.63
Accounts receivable EUR 23,119,363.63
Trade debtors EUR 5,895,273.82
Amounts due from related companies EUR 5,264,349.90
Other debtors and assets EUR 11,959,739.91
Investments in current assets EUR 1,949,041.74
Other investments EUR 1,949,041.74
Liquid means EUR
10,701,901.72
Remaining other assets EUR 222,820.64
Accruals (assets) EUR 222,820.64
LIABILITIES EUR 100,245,626.80
Shareholders' equity EUR 8,284,167.46
Capital EUR 8,284,167.46
Limited partner's capital / capital
of partially liable partner (LP) EUR 5,289,000.00
Other capital EUR 2,995,167.46
Items between shareholders' equity and
debt capital EUR 338,495.87
Special items with reserve funds EUR 315,976.92
Allowances / bonuses EUR 22,518.95
Provisions EUR 73,023,565.15
Pension provisions and comparable
provisions EUR 3,792,483.00
Provisions for taxes EUR 2,258,435.00
Other / unspecified provisions EUR 66,972,647.15
Liabilities EUR 18,241,419.32
Financial debts EUR 1,559,246.62
Liabilities due to banks EUR 1,559,246.62
Other liabilities EUR 16,682,172.70
Trade creditors (for IAS incl. bills
of exchange) EUR 10,480,687.98
Liabililties due to related companies
EUR 2,220,659.23
Unspecified other liabilities EUR 3,980,825.49
Other liabilities EUR 357,979.00
Deferrals (liabilities) EUR 357,979.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 121,044,218.71
Inventory change + own costs (+/-) EUR 1,100,195.14
Inventory change (+/-) EUR 978,614.82
Capitalised own costs EUR 121,580.32
Other operating income EUR 4,363,523.54
Cost of materials EUR 49,726,195.95
Raw materials and supplies, purchased
goods EUR 25,471,801.69
Purchased services EUR 24,254,394.26
Gross result (+/-) EUR 76,781,741.44
Staff expenses EUR 28,661,108.37
Wages and salaries EUR 23,924,610.57
Social security contributions and
expenses for pension plans and
benefits EUR 4,736,497.80
Total depreciation EUR 2,217,488.34
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,217,488.34
Other operating expenses EUR 36,452,296.69
Operating result from continuing
operations EUR 9,450,848.04
Result from participating interests
(+/-) EUR 218,097.62
Expenses / income from participations
EUR 218,097.62
Income from related companies EUR 218,097.62
Interest result (+/-) EUR 550,952.32
Interest and similar income EUR 1,385,403.82
Interest and similar expenses EUR 834,451.50
Other financial result EUR -1,996,160.68
Income
from securities and loans from
financial assets EUR 6,034.93
Depreciation on financial assets and
marketable securities EUR 2,002,195.61
Financial result (+/-) EUR -1,227,110.74
Result from ordinary operations (+/-) EUR
8,223,737.30
Extraordinary expenses EUR 445,514.00
Extraordinary result (+/-) EUR -445,514.00
Income tax / refund of income tax (+/-)EUR -1,272,340.63
Other taxes / refund of taxes EUR -25,375.12
Tax (+/-) EUR -1,297,715.75
Annual surplus / annual deficit EUR 6,480,507.55
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 123,170,087.66
Fixed assets EUR 79,117,745.67
Intangible assets EUR 340,258.00
Tangible assets EUR 39,268,944.12
Financial assets EUR 39,508,543.55
Current assets EUR 40,427,126.89
Accounts receivable EUR
29,145,909.84
Liquid means EUR 11,281,217.05
Remaining other assets EUR 3,625,215.10
Accruals (assets) EUR 47,328.71
Deficit not covered by shareholders'
equity EUR 3,577,886.39
LIABILITIES EUR 123,170,087.66
Shareholders' equity EUR 35,078,656.48
Capital EUR 7,029,899.69
Limited partner's capital / capital
of partially liable partner (LP) EUR 5,289,000.00
Other capital EUR 1,740,899.69
Reserves EUR 28,048,756.79
Capital reserves EUR 28,048,756.79
Items between shareholders' equity and
debt capital EUR 392,449.89
Special items with reserve funds EUR 366,713.94
Allowances / bonuses EUR 25,735.95
Provisions EUR 62,534,278.68
Liabilities EUR 24,803,117.61
Other liabilities EUR 361,585.00
Deferrals (liabilities) EUR 361,585.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 98,205,530.86
Inventory change + own costs (+/-) EUR 6,695,737.63
Inventory change (+/-) EUR 6,589,552.63
Capitalised own costs EUR 106,185.00
Other operating income EUR 2,338,224.39
Cost of materials EUR 47,186,963.14
Raw materials and supplies, purchased
goods EUR 23,456,232.43
Purchased services EUR 23,730,730.71
Gross result (+/-) EUR 60,052,529.74
Staff expenses EUR 27,599,578.03
Wages and salaries EUR 22,712,740.04
Social security contributions and
expenses for pension plans and
benefits EUR 4,886,837.99
Total depreciation EUR 1,894,225.58
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,894,225.58
Other operating expenses EUR 27,177,307.96
Operating result from continuing
operations EUR 3,381,418.17
Result from participating interests
(+/-) EUR 126,830.24
Expenses / income from participations
EUR 126,830.24
Income from related companies EUR 126,830.24
Interest result (+/-) EUR 1,197,553.14
Interest and similar income EUR 1,435,663.08
Interest and similar expenses EUR 238,109.94
Other financial result EUR -71,494.65
Income from securities and loans from
financial assets EUR 7,340.22
Depreciation on financial assets and
marketable securities EUR 78,834.87
Financial result (+/-) EUR 1,252,888.73
Result from ordinary operations (+/-) EUR
4,634,306.90
Income tax / refund of income tax
(+/-)EUR -979,887.95
Other taxes / refund of taxes EUR -35,403.48
Tax (+/-) EUR -1,015,291.43
Annual
surplus / annual deficit EUR 3,619,015.47
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.72 |
|
UK Pound |
1 |
Rs.87.95 |
|
Euro |
1 |
Rs.69.66 |
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.