|
Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAYER & CIE GMBH & CO. KG |
|
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Registered Office : |
Emil-Mayer-Str. 10 D 72461 Albstadt Post Box:20 15 80 |
|
|
|
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Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2010 |
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|
|
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Year of Incorporation : |
1905 |
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|
|
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Com. Reg. No.: |
HRA 400260 |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
Manufacture of machinery for textile, apparel and leather production |
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|
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|
No. of Employees : |
261 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Slow |
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Litigation : |
Exist |
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 |
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Very High |
C1 |
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Restricted |
C2 |
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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
Mayer & Cie GmbH & Co. KG
Company Status: active
Emil-Mayer-Str. 10
D 72461
Albstadt
Post Box:
20 15 80
Telephone:07432/700-0
Telefax: 07432/700-315
Homepage: www.mayercie.de
E-mail: info@mayercie.de
DE144843258
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date of foundation: 1905
Registered on: 19.12.1972
Register of
companies: Local court 70190 Stuttgart
under: HRA 400260
EUR 21,200,000.00
Sibylle
Mauthe-Mayer
Leimenstr. 16
D 72461 Albstadt
born:
15.08.1951
née: Mayer
Share: EUR 6,240,000.00
Limited partner:
Peter Mayer
jun.
D 20095
Hamburg
born: 31.12.1969
Share: EUR 4,400,000.00
Limited partner:
Rainer Mayer
Alexander-von-Humboldt-Str.
23
D 72458 Albstadt
born:
18.08.1947
Share: EUR 4,044,800.00
Limited partner:
Marcus Mayer
jun.
D 72336
Balingen
Share: EUR 3,520,000.00
Limited partner:
Benjamin
Mayer
D 72458
Albstadt
Share: EUR 1,497,600.00
Limited partner:
Sebastian
Mayer
D 72458 Albstadt
Share: EUR 1,497,600.00
General partner:
Mayer
Verwaltungs-Gesellschaftmit
beschränkter
Haftung
Emil-Mayer-Str. 10
D 72461
Albstadt
Legal form:
Private limited company
Share
capital: EUR 60,000.00
Registered
on: 15.11.1972
Reg. data:
70190 Stuttgart, HRB 400116
Negative remark(s)
regarding
Mayer
Verwaltungs-Gesellschaftmit
beschränkter
Haftung
Insolvency
Proceedings
Local
court : 72379 Hechingen
Insolvency
administrator : Dr. Wolfgang Bilgery
Humboldtstr. 16
D
70178 Stuttgart
Preliminary
insolvency
adminstrator : No
File No : 10 IN 183 / 09
Application of : 29.09.2009
Order of
institution
of : 02.12.2009
Claims to be filed by : 15.01.2010
Creditors'
meeting
- Date for
pres. of
report on : 22.01.2010
- Date of
hearing on : 16.09.2010
Insolvency
proceedings
revoked
on : 29.10.2010
Shareholder:
Rainer Mayer
Alexander-von-Humboldt-Str.
23
D 72458
Albstadt
born:
18.08.1947
Share: EUR 30,000.00
Shareholder:
Marcus Mayer
D 72336
Balingen
born:
05.01.1973
Share: EUR 30,000.00
Manager:
Rainer Mayer
Alexander-von-Humboldt-Str.
23
D 72458
Albstadt
having sole
power of representation
born:
18.08.1947
Profession:
Fully qualified merchant
Marital
status: married
Manager:
Josef
Kleebinder
D 72458
Albstadt
having sole
power of representation
born:
30.11.1959
Proxy:
Marcus Mayer
D 72336
Balingen
born:
05.01.1973
Proxy:
Rainer Müller
D 72379
Hechingen
authorized to
jointly represent the company
born:
22.01.1962
Proxy:
Wolfgang
Müller
D 72461
Albstadt
authorized to
jointly represent the company
born:
10.05.1968
Proxy:
Klaus
Sickinger
D 72336
Balingen
authorized to
jointly represent the company
born:
02.07.1964
Sectors
28940 Manufacture of machinery
for textile, apparel and leather production
Limited partner:
Hans Rüster
GmbH & Co. KG Platinenfabrik
Jahnstr. 17
D 73326
Deggingen
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Company
Status: insolvent
since: 14.06.2012
Total cap. EUR 5,530,000.00
contribution:
Share: EUR 5,530,000.00
Reg.
data: 09.08.1951
Local court 89073 Ulm
HRA 540524
Limited partner:
IVGD GmbH
& Co. KG
Emil-Mayer-Str. 10
D 72461
Albstadt
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Company
Status: active
Total
cap. EUR 3,500,000.00
contribution:
Share: EUR 3,500,000.00
Reg. data: 08.08.2011
Local court 70190 Stuttgart
HRA 726659
Shareholder:
Mayer Recond
GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form:
Private limited company
Company
Status: insolvent
Share
capital: EUR 800,000.00
Share: EUR 800,000.00
Reg. data: 19.05.1988
Local court 70190 Stuttgart
HRB 410539
Shareholder:
MTC
International Holding GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 500,000.00
Share: EUR 500,000.00
Reg.
data: 31.10.2001
Local court 70190 Stuttgart
HRB 401278
Shareholder:
EL Holding
GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form:
Private limited company
Company
Status: in liquidation
since: 23.06.2010
Share
capital: EUR 60,000.00
Share: EUR 60,000.00
Reg.
data: 23.11.1995
Local court 70190 Stuttgart
HRB 401002
Shareholder:
SIPRA Patententwicklungs-
und
Beteiligungsgesellschaft mbH
Emil-Mayer-Str. 10
D 72461
Albstadt
Legal form:
Private limited company
Company
Status: active
Share capital: EUR 60,000.00
Share: EUR 60,000.00
Reg.
data: 01.01.1911
Local court 70190 Stuttgart
HRB 400485
Shareholder:
Verwaltungsgesellschaft Hans Rüster mit
beschränkter
Haftung
Jahnstr.
25-27
D 73326
Deggingen
Legal form:
Private limited company
Company
Status: insolvent
since: 06.09.2012
Share
capital: EUR 51,129.19
Share: EUR 51,129.19
Reg. data:
28.12.1967
Local court 89073 Ulm
HRB 540139
Shareholder:
Mayer &
Cie. Service- und Leasing GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form:
Private limited company
Company
Status: insolvent
since: 05.10.2009
Share
capital: EUR 50,000.00
Share: EUR 50,000.00
Reg.
data: 11.01.1990
Local court 70190 Stuttgart
HRB 400731
Shareholder:
IVGD-Beteiligungs-GmbH
Emil-Mayer-Str. 10
D 72461
Albstadt
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 25,600.00
Share: EUR 25,600.00
Reg.
data: 12.12.1972
Local court 70190 Stuttgart
HRB 590141
Shareholder:
SPINIT
Entwicklungs-und Betreiber-GmbH
Emil-Mayer-Str. 10
D 72461
Albstadt
Legal form:
Private limited company
Company
Status: insolvent
since: 28.10.2009
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 02.03.2006
Local court 70190 Stuttgart
HRB 401441
Shareholder:
MEC Mayer
Engineering & Consulting GmbH
Emil-Mayer-Str. 10
D 72461
Albstadt
Legal form:
Private limited company
Company
Status: in liquidation
since: 04.03.2010
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 24.09.2009
Local court 70190
Stuttgart
HRB 731269
Shareholder:
MATEX Mayer
Textilmaschinen Vertriebs GmbH
Emil-Mayer-Str. 10
D 72461
Albstadt
Legal form: Private limited
company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 09.10.2001
Local court 70190 Stuttgart
HRB 401269
Payment experience: within agreed
terms
Negative information:Negative information is known to us.
Balance sheet year: 2010
Insolvency Proceedings
Local court : 72379 Hechingen
File No : 10 IN 182/09
Insolvency plan
- Surveillance
proceedings revoked on:
06.02.2012
Type of ownership: proprietor
Share: 100.00 %
Address
Emil-Mayer-Str. 10
D 72461
Albstadt
Real Estate of: Mayer
Verwaltungs-Gesellschaftmit
beschränkter
Haftung
Type of ownership: Tenant
Address Emil-Mayer-Str. 10
D 72461
Albstadt
Land register documents were not available.
Principal bank
DEUTSCHE BANK, TUTTLINGEN
Sort. code: 65370075, BIC: DEUTDESS653
Further banks
COMMERZBANK, ALBSTADT, WÜRTT
Sort. code: 65340004, BIC: COBADEFF653
DEUTSCHE BANK, ALBSTADT, WÜRTT
Sort. code: 65370075, BIC: DEUTDESS653
COMMERZBANK VORMALS DRESDNER BANK, ALBSTADT, WÜRTT
Sort. code: 65380003, BIC: DRESDEFF653
VOLKSBANK TAILFINGEN, ALBSTADT, WÜRTT
Sort. code: 65392030, BIC: GENODES1TAI
SPARKASSE ZOLLERNALB, BALINGEN
Sort. code: 65351260, BIC: SOLADES1BAL
LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK,
STUTTGART
Sort. code: 60050101, BIC: SOLADEST600
Turnover: 2011 EUR
12,000,000.00
Equipment: EUR 227,929.00
Ac/ts
receivable:
EUR 18,779,057.00
Liabilities: EUR 19,221,510.00
Employees: 261
Balance
sheet ratios 30.10.2010 - 31.12.2010
Equity
ratio [%]: 45.08
Liquidity
ratio: 1.18
Return
on total capital [%]: 2.06
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: 30.10.2010 - 31.12.2010
ASSETS EUR 42,392,155.48
Fixed assets EUR 9,325,746.86
Intangible assets EUR 17,462.63
Concessions, licences, rights EUR 17,462.63
Tangible assets EUR 5,832,340.76
Land / similar rights EUR 4,295,344.69
Plant / machinery EUR 735,508.77
Other tangible assets / fixtures and
fittings EUR 227,928.50
Advance payments made / construction
in progress EUR 573,558.80
Financial assets EUR 3,475,943.47
Shares in participations /
subsidiaries and the like EUR 3,425,943.47
Shares in related companies EUR 3,425,432.06
Shares in investee companies EUR 511.41
Loans to participations /
subsidiaries and the like EUR 50,000.00
Loans to related companies EUR 50,000.00
Current assets EUR 33,039,536.96
Stocks EUR 10,956,711.64
Raw materials, consumables and
supplies EUR 4,555,321.49
Finished goods / work in progress EUR
6,401,390.15
Accounts receivable EUR 18,779,057.07
Trade debtors EUR 11,074,150.21
Amounts due from related companies EUR
5,035,713.87
Other debtors and assets EUR 2,669,192.99
Liquid means EUR 3,303,768.25
Remaining other assets EUR 26,871.66
Accruals (assets) EUR 26,871.66
LIABILITIES EUR 42,392,155.48
Shareholders' equity EUR 19,115,361.82
Capital EUR
18,656,553.82
Limited partner's capital / capital
of partially liable partner (LP) EUR
18,656,553.82
Limited partner's capital, fixed
capital, capital account I EUR 25,400,000.00
- Loss brought forward account EUR 6,743,446.18
Third party shares (+/-) EUR 458,808.00
Items between shareholders' equity and
debt capital EUR 0.00
Provisions EUR 4,055,283.50
Pension provisions and comparable
provisions EUR 679,783.11
Other / unspecified provisions EUR 3,375,500.39
Liabilities EUR 19,221,510.16
Financial debts EUR 9,751,461.37
Liabilities due to banks EUR 9,751,461.37
Other liabilities EUR 9,470,048.79
Trade creditors (for IAS incl. bills
of exchange) EUR 2,993,476.58
Liabilities from received advance
payments EUR 3,364,183.54
Liabililties due to related
companiesEUR 33,081.19
Liabilities due to investee
companiesEUR 79,035.55
Unspecified other liabilities EUR 3,000,271.93
Guarantees and other commitments EUR 18,815,000.00
Discounted bills of exchange EUR 6,399,000.00
Guarantees / warranties EUR 12,416,000.00
Guarantees EUR 6,399,000.00
Warranties EUR 6,017,000.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 11,853,700.11
Inventory change + own costs (+/-) EUR -578,334.70
Inventory change (+/-) EUR -580,263.78
Capitalised own costs EUR 1,929.08
Other operating income EUR 1,855,908.41
Cost of materials EUR 5,185,176.99
Raw materials and supplies, purchased
goods EUR 4,351,538.78
Purchased services EUR 833,638.21
Gross result (+/-) EUR 7,946,096.83
Staff expenses EUR 2,487,135.94
Wages and salaries EUR 2,057,146.25
Social security contributions and
expenses for pension plans and
benefits EUR 429,989.69
Total depreciation EUR 148,281.09
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 148,281.09
Other operating expenses EUR 4,369,251.04
Operating result from continuing
operations EUR 941,428.76
Result from participating interests
(+/-) EUR -46,068.96
Expenses for participations EUR 46,068.96
Expenses for other participations EUR 46,068.96
Interest result (+/-) EUR 37,016.84
Interest and similar income EUR 195,110.18
Interest and similar expenses EUR 158,093.34
Other financial result EUR -49,999.00
Depreciation on financial assets and
marketable securities EUR 49,999.00
Financial result (+/-) EUR -59,051.12
Result from ordinary operations (+/-) EUR
882,377.64
Expenses for transfer of profits to a
parent company EUR 110,407.00
Income tax / refund of income tax
(+/-)EUR 3,890.09
Other taxes / refund of taxes EUR -11,916.58
Tax (+/-) EUR -8,026.49
Annual surplus / annual deficit EUR 763,944.15
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.65 |
|
UK Pound |
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.70.08 |
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.