|
Report Date : |
04.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
AWG ALLGEMEINE
WARENVERTRIEBS-GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
|
|
|
|
Registered Office : |
Imanuel-Maier-Str. 2, D 73257 Köngen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
09.10.1969 |
|
|
|
|
Com. Reg. No.: |
HRB 220603 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Retail sale of clothing |
|
|
|
|
No. of Employees : |
3043 |
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 : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
AWG Allgemeine Warenvertriebs-Gesellschaft mit beschränkter Haftung
Imanuel-Maier-Str. 2
D 73257 Köngen
Telephone:07024/9714-0
Telefax: 07024/9714-90
Homepage: www.awg-mode.de
E-mail: info@awg-mode.de
active
DE145338635
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1969
Shareholders'
agreement: 29.09.1969
Registered on: 09.10.1969
Commercial Register: Local
court 70190 Stuttgart
under: HRB 220603
Share capital: EUR 3,579,043.17
Albrecht Maier Holding GmbH & Co. KG
Imanuel-Maier-Str. 2
D 73257 Köngen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 3,000,000.00
contribution:
Share: EUR 3,067,751.29
Registered on: 11.07.2003
Reg. data: 70190 Stuttgart, HRA 222452
Shareholder:
Maier-Vermietungs-GmbH
Imanuel-Maier-Str. 2
D
73257 Köngen
Legal
form: Private limited company
Share
capital: EUR 52,000.00
Share: EUR 511,291.88
Registered on: 11.02.1986
Reg.
data: 70190 Stuttgart, HRB 222182
Albrecht Maier
Beethovenstr. 9
D 73257 Köngen
having sole power of representation
born: 15.11.1951
Profession: Fully qualified merchant
Marital status: married
Klaus Gottwald
Georg-Moll-Weg 3
D 73344 Gruibingen
having sole power of representation
born: 11.03.1952
Proxy:
Rosemarie Konitzki
D
73240 Wendlingen
having
sole power of representation
born:
06.07.1957
Further
functions/participations of Albrecht Maier (Manager)
Proprietor:
Albrecht Maier
Beethovenstr. 9
D
73257 Köngen
Legal
form: Unregistered commercial
enterprise
Proprietor:
Albrecht Maier
Karlstr. 3
D
72654 Neckartenzlingen
Legal
form: Unregistered commercial
enterprise
Limited partner:
Albrecht Maier Holding GmbH & Co. KG
Imanuel-Maier-Str. 2
D
73257 Köngen
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR
3,000,000.00
contribution:
Share: EUR 3,000,000.00
Registered
on: 11.07.2003
Reg.
data: 70190 Stuttgart, HRA 222452
Limited partner:
EH1
US-Leben I GmbH & Co.KG
Seeredder 21
D
22952 Lütjensee
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,222,200.00
contribution:
Share: EUR 240,000.00
Registered
on: 13.10.2005
Reg.
data: 23568 Lübeck, HRA 4408 HL
Limited partner:
Nordic
Game Production GmbH & Cie. KG
Seeredder 21
D
22952 Lütjensee
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 176,750.00
contribution:
Share: EUR 72,500.00
Registered
on: 27.03.2006
Reg.
data: 23568 Lübeck, HRA 4638 HL
Limited partner:
Nordwest Games Production GmbH & Co. KG
Wolbecker Str. 44
D
48291 Telgte
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 20,000.00
contribution:
Share: EUR 10,000.00
Registered
on: 24.08.2007
Reg.
data: 48149 Münster, HRA 8158
Shareholder:
Maier Wertwiesen Verwaltung
GmbH
Nürtinger Str. 27
D
73257 Köngen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 20.12.2002
Reg.
data: 70190 Stuttgart, HRB 225536
Manager:
Maier-Vermietungs-GmbH
Imanuel-Maier-Str. 2
D
73257 Köngen
Legal
form: Private limited company
Share
capital: EUR 52,000.00
Registered
on:
11.02.1986
Reg.
data: 70190 Stuttgart, HRB 222182
Manager:
G. u
A. Maier Verwaltung GmbH
Nürtinger Str. 27
D
73257 Köngen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 20.12.2002
Reg.
data: 70190 Stuttgart, HRB 225537
Manager:
AM - Vermietungs - GmbH
Imanuel-Maier-Str. 2
D
73257 Köngen
Legal
form: Private limited company
dissolved
Share
capital: EUR 25,564.59
Registered
on: 19.06.1986
Reg.
data: 70190 Stuttgart, HRB 222226
Manager:
Maier
Wertwiesen Verwaltung GmbH
Nürtinger Str. 27
D
73257 Köngen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 20.12.2002
Reg.
data: 70190 Stuttgart, HRB 225536
Sectors
47710 Retail sale of
clothing
Branch:
AWG
Allgemeine Warenvertriebs-Gesellschaft
mit beschränkter
Haftung
Hohensteiner Str. 2
D
09353 Oberlungwitz
TEL.:
03723/667751
FAX.:
03723/627282
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Imanuel-Maier-Str.
2
D 73257 Köngen
Real Estate of: Albrecht
Maier
Type of ownership: proprietor
Share: 100.00
%
Address Imanuel-Maier-Str.
2
D 73257 Köngen
Real Estate of:
Albrecht Maier
Type of ownership: proprietor
Share: 100.00 %
Address Beethovenstr. 9
D 73257 Köngen
Land register documents
were not available.
Principal bank
KREISSPARKASSE ESSLINGEN-NÜRTINGEN, ESSLINGEN AM NECKAR
Sort. code: 61150020, Account no.: 600242, BIC: ESSLDE66XXX
Further bank
VOLKSBANK KIRCHHEIM-NÜRTINGEN, KÖNGEN
Sort. code: 61290120, Account no.: 3083004, BIC: GENODES1NUE
Turnover: 2011 EUR 234,866,637.00
Profit: 2011 EUR -8,636,557.00
Equipment: EUR 11,195,068.00
Ac/ts receivable: EUR 9,522,260.00
Liabilities: EUR 37,790,992.00
Employees: 3,043
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 36.21
Liquidity ratio: 0.26
Return on total capital [%]: -13.68
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 54.86
Liquidity ratio: 0.37
Return on total capital [%]: 8.69
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 50.72
Liquidity ratio: 0.32
Return
on total capital [%]: 2.68
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 45.25
Liquidity ratio: 0.35
Return on total capital [%]: 0.93
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: 01.01.2011 - 31.12.2011
ASSETS EUR 65,285,854.86
Fixed assets
EUR 12,334,564.44
Intangible assets
EUR 259,026.46
Concessions, licences, rights
EUR 259,026.46
Tangible assets EUR 11,196,837.44
Plant / machinery
EUR 1,769.50
Other tangible assets / fixtures and
fittings
EUR 11,195,067.94
Financial assets
EUR 878,700.54
Shares in participations /
subsidiaries and the like
EUR 1,750.00
Shares in cooperatives
EUR 1,750.00
Loans to participations /
subsidiaries and the like
EUR 237,500.00
Loans to related companies
EUR 237,500.00
Other loans
EUR 639,450.54
Current assets
EUR 52,673,260.81
Stocks EUR 41,530,474.48
Finished goods / work in progress
EUR 41,530,474.48
Accounts receivable
EUR 9,522,259.60
Trade debtors
EUR 26,481.04
Amounts due from related companies
EUR 126,350.34
Other debtors and assets
EUR 9,369,428.22
Investments in current assets
EUR 120,423.00
Other investments
EUR 120,423.00
Liquid
means EUR 1,500,103.73
Remaining other assets
EUR 278,029.61
Accruals (assets)
EUR 99,076.61
Deferred taxes (assets)
EUR 178,953.00
LIABILITIES EUR 65,285,854.86
Shareholders' equity
EUR 23,362,738.36
Capital
EUR 3,579,043.17
Subscribed capital (share capital)
EUR 3,579,043.17
Balance sheet profit/loss (+/-)
EUR 19,783,695.19
Profit / loss brought forward
EUR 28,420,251.80
Annual surplus / annual deficit
EUR -8,636,556.61
Provisions EUR 4,132,124.79
Pension provisions and comparable
provisions
EUR 651,749.00
Other / unspecified provisions
EUR 3,480,375.79
Liabilities
EUR 37,790,991.71
Financial debts
EUR 22,114,592.27
Liabilities due to banks
EUR 22,114,592.27
Other liabilities
EUR 15,676,399.44
Trade creditors (for IAS incl. bills
of exchange)
EUR 7,505,487.87
Liabililties due to related companiesEUR 363,148.88
Unspecified other liabilities
EUR 7,807,762.69
thereof liabilities from tax /
financial authorities
EUR 4,106,280.74
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 234,866,637.14
Other operating income
EUR 4,463,736.48
Cost of materials
EUR 121,782,312.98
Raw materials and supplies, purchased
goods
EUR 121,782,312.98
Gross result (+/-)
EUR 117,548,060.64
Staff expenses
EUR 47,917,064.60
Wages and salaries
EUR 39,349,112.46
Social security contributions and
expenses for pension plans and
benefits
EUR 8,567,952.14
Total depreciation
EUR 3,052,506.10
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 3,052,506.10
Other operating expenses EUR 74,599,925.11
Operating result from continuing
operations
EUR -8,021,435.17
Interest result (+/-)
EUR -745,862.11
Interest and similar income
EUR 49,021.76
thereof from related companies
EUR 15,930.00
Interest and similar expenses
EUR 794,883.87
thereof paid to related companies
EUR 12,337.32
Other financial result
EUR -190,272.85
Income from securities and loans from
financial assets
EUR 9,686.25
Depreciation on financial assets and
marketable securities
EUR 199,959.10
Financial result (+/-)
EUR -936,134.96
Result from ordinary operations (+/-)
EUR -8,957,570.13
Extraordinary income
EUR 250,000.00
Extraordinary result (+/-)
EUR 250,000.00
Income
tax / refund of income tax (+/-)EUR
75,783.52
Other taxes / refund of taxes
EUR -4,770.00
Tax
(+/-)
EUR 71,013.52
Annual surplus / annual deficit
EUR -8,636,556.61
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 58,603,677.42
Fixed assets
EUR 8,718,288.93
Intangible
assets EUR 349,499.69
Concessions, licences, rights
EUR 349,499.69
Tangible assets
EUR 7,779,785.98
Plant / machinery
EUR 2,711.00
Other tangible assets / fixtures and
fittings
EUR 7,763,547.48
Advance payments made / construction
in progress
EUR 13,527.50
Financial assets EUR 589,003.26
Shares in participations /
subsidiaries and the like
EUR 1,750.00
Shares in cooperatives
EUR 1,750.00
Loans to participations /
subsidiaries and the like
EUR 237,500.00
Loans to related companies
EUR 237,500.00
Other loans
EUR 349,753.26
Current assets
EUR 49,573,299.40
Stocks EUR 39,285,124.54
Finished goods / work in progress
EUR 39,285,124.54
Accounts receivable
EUR 6,127,886.74
Trade debtors
EUR 281,656.14
Amounts due from related companies EUR 140,782.58
Other debtors and assets
EUR 5,705,448.02
Investments in current assets
EUR 146,179.00
Other investments
EUR 146,179.00
Liquid means
EUR 4,014,109.12
Remaining other assets
EUR 312,089.09
Accruals (assets)
EUR 130,552.59
Deferred taxes (assets)
EUR 181,536.50
LIABILITIES EUR 58,603,677.42
Shareholders' equity
EUR 31,999,294.97
Capital
EUR 3,579,043.17
Subscribed capital (share capital)
EUR 3,579,043.17
Balance sheet profit/loss (+/-)
EUR 28,420,251.80
Profit / loss brought forward
EUR 23,730,765.50
Annual surplus / annual deficit
EUR 4,689,486.30
Provisions EUR 5,905,052.79
Pension provisions and comparable
provisions
EUR 654,211.00
Provisions for taxes
EUR 1,294,654.00
Other / unspecified provisions
EUR 3,956,187.79
Liabilities
EUR 20,699,329.66
Financial debts
EUR 5,067,734.36
Liabilities due to banks
EUR 5,067,734.36
Other liabilities EUR 15,631,595.30
Trade creditors (for IAS incl. bills
of exchange)
EUR 7,944,656.40
Liabililties due to related companiesEUR 594,853.68
Unspecified other liabilities
EUR 7,092,085.22
thereof liabilities from tax /
financial authorities
EUR 3,866,324.77
Guarantees and other commitments
EUR 8,279,349.24
Guarantees / warranties
EUR 8,279,349.24
Guarantees
EUR 8,279,349.24
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 243,531,624.54
Other operating income EUR 4,852,074.51
Cost of materials
EUR 122,746,875.83
Raw materials and supplies, purchased
goods
EUR 122,746,875.83
Gross result (+/-)
EUR 125,636,823.22
Staff expenses
EUR 44,589,566.66
Wages and salaries
EUR 36,666,033.18
Social security contributions and
expenses for pension plans and
benefits EUR 7,923,533.48
Total depreciation
EUR 1,997,311.66
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,997,311.66
Other operating expenses
EUR 70,770,300.29
Operating result from continuing
operations
EUR 8,279,644.61
Interest result (+/-)
EUR -554,033.78
Interest and similar income
EUR 33,830.93
thereof from related companies
EUR 16,634.28
Interest and similar expenses
EUR 587,864.71
thereof paid to related companies
EUR 14,207.34
Other financial result
EUR -236,328.85
Income from securities and loans from
financial assets
EUR 15,988.25
Depreciation on financial assets and
marketable securities
EUR 252,317.10
Financial result (+/-)
EUR -790,362.63
Result from ordinary operations (+/-)
EUR 7,489,281.98
Extraordinary income
EUR 250,000.00
Extraordinary expenses
EUR 624,896.30
Extraordinary result (+/-)
EUR -374,896.30
Income tax / refund of income tax (+/-)EUR -2,419,154.98
Other taxes / refund of taxes
EUR -5,744.40
Tax
(+/-) EUR -2,424,899.38
Annual surplus / annual deficit
EUR 4,689,486.30
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.82.05 |
|
Euro |
1 |
Rs.69.59 |
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.