MIRA
INFORM REPORT
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Report Date : |
09.02.2013 |
IDENTIFICATION DETAILS
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Name : |
C & A BUYING GMBH & CO. KG |
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Registered Office : |
Wanheimer Strasse 70
Düsseldorf, 40468 |
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Country : |
Germany |
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Financials (as on) : |
29.02.2012 |
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Date of Incorporation : |
30.10.2007 |
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Com. Reg. No.: |
10317 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Subject is engaged in other financial intermediation
primarily concerned with distributing funds other than by making loans. |
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No. of Employees : |
319 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 but Correct |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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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.
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Source : CIA |
company name and address
C & A BUYING GMBH & CO. KG
Wanheimer Strasse 70
Düsseldorf, 40468
Germany
Tel: +49 (0) 211 98720
Fax: +49 (0) 211 9872155
Employees: 319
Company Type: Private
Subsidiary
Corporate Family:
2 Companies
Ultimate Parent: FRM
Participations SA
Incorporation
Date: 30-Oct-2007
Financials in: USD (In Millions)
Fiscal Year End:
29-Feb-2012
Reporting
Currency: Euro
Annual Sales: 113.5
Total Assets: 243.5
Business Description
C & A Buying GmbH & Co. KG is primarily engaged in
other financial intermediation primarily concerned with distributing funds
other than by making loans.
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
6523 -
Other financial intermediation not elsewhere classified |
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NAICS 2002: |
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UK SIC 2003: |
6523 -
Other financial intermediation not elsewhere classified |
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UK SIC 2007: |
6499 -
Other financial service activities, except insurance and pension funding,
n.e.c. |
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US SIC 1987: |
Registered No.(DEU): 10317
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7233241
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.7431791
Location
Wanheimer Strasse 70
Düsseldorf, 40468
Germany
Tel: +49 (0) 211 98720
Fax: +49 (0) 211 9872155
Sales EUR(mil): 82.1
Assets EUR(mil): 181.0
Employees: 319
Fiscal Year End: 29-Feb-2012
Industry: Miscellaneous
Financial Services
Incorporation
Date: 30-Oct-2007
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DEU): 10317
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ANZSIC 2006 Codes: |
||
|
6240 |
- |
Financial Asset Investing |
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9539 |
- |
Other Personal Services Not Elsewhere Classified |
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371 |
- |
Textile, Clothing and Footwear Wholesaling |
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NACE 2002 Codes: |
||
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6523 |
- |
Other financial intermediation not elsewhere classified |
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5142 |
- |
Wholesale of clothing and footwear |
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9305 |
- |
Other service activities not elsewhere classified |
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NAICS 2002 Codes: |
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5259 |
- |
Other Investment Pools and Funds |
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4243 |
- |
Apparel, Piece Goods, and Notions Merchant Wholesalers |
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8129 |
- |
Other Personal Services |
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US SIC 1987: |
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7389 |
- |
Business Services, Not Elsewhere Classified |
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513 |
- |
Apparel, Piece Goods, and Notions |
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7299 |
- |
Miscellaneous Personal Services, Not Elsewhere Classified |
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UK SIC 2003: |
||
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6523 |
- |
Other financial intermediation not elsewhere classified |
|
9305 |
- |
Other service activities not elsewhere classified |
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5142 |
- |
Wholesale of clothing and footwear |
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UK SIC 2007: |
||
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6499 |
- |
Other financial service activities, except insurance and pension funding, n.e.c. |
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9609 |
- |
Other personal service activities n.e.c. |
|
4642 |
- |
Wholesale of clothing and footwear |
C & A Buying GmbH & Co. KG is primarily engaged in other financial intermediation primarily concerned with distributing funds other than by making loans.
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Bank: Commerzbank
Corporate
Structure News
C
& A Buying GmbH & Co. KG
Total Corporate Family Members: 2
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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FRM Participations SA |
Parent |
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Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Miscellaneous Financial Services |
113.5 |
319 |
Annual
Profit & Loss
|
|
29-Feb-2012 |
|
Period Length |
12 Months |
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Filed Currency |
EUR |
|
Exchange Rate (Period
Average) |
0.723324 |
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Consolidated |
No |
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Total income |
113.5 |
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Net sales |
113.5 |
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Other operating income |
35.3 |
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Other external charges |
88.5 |
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Cost of goods sold |
88.5 |
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Cost of raw materials |
88.5 |
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Taxes and social security costs |
3.5 |
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Total payroll costs |
19.9 |
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Cost of stock depreciation and amortisation |
0.5 |
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Fixed asset depreciation and amortisation |
0.3 |
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Other operating costs |
40.3 |
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Net operating income |
-0.3 |
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Other income |
0.0 |
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Interest payable on loans |
0.1 |
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Total expenses |
0.1 |
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Profit before tax |
-0.3 |
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Provisions |
24.3 |
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Net loss |
-0.3 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
29-Feb-2012 |
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Filed Currency |
EUR |
|
Exchange Rate |
0.743179 |
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Consolidated |
No |
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|
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Total stockholders equity |
2.2 |
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Deferred taxation |
1.2 |
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Other provisions |
22.1 |
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Provision for pensions |
0.4 |
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Provisions and allowances |
23.7 |
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Trade creditors |
172.4 |
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Other loans |
2.0 |
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Taxation and social security |
39.3 |
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Due to group companies |
3.8 |
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Total current liabilities |
217.6 |
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Total liabilities (including net worth) |
243.5 |
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Patents |
0.0 |
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Intangibles |
0.0 |
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Total tangible fixed assets |
0.7 |
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Total non-current assets |
0.8 |
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Other receivables |
34.6 |
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Total receivables |
241.0 |
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Owing from associated companies |
206.5 |
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Cash and liquid assets |
1.5 |
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Total current assets |
242.5 |
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Prepaid expenses and deferred costs |
0.1 |
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Total assets |
243.5 |
Annual
Ratios
Financials in: USD (mil)
|
|
29-Feb-2012 |
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Period Length |
12 Months |
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Filed Currency |
EUR |
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Exchange Rate |
0.743179 |
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Consolidated |
No |
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Current ratio |
11.15 |
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Acid test ratio |
11.15 |
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Total liabilities to net worth |
9.76% |
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Net worth to total assets |
0.00% |
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Current liabilities to net worth |
9.76% |
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Fixed assets to net worth |
0.03% |
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Profit margin |
0.00% |
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Return on assets |
0.00% |
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Shareholders' return |
-0.01% |
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Sales per employee |
25.73 |
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Profit per employee |
-0.08 |
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Average wage per employee |
4.51 |
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Net worth |
2.2 |
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Number of employees |
319 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.57 |
|
|
1 |
Rs.84.25 |
|
Euro |
1 |
Rs.71.78 |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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---- |
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.