MIRA
INFORM REPORT
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Report Date : |
26.02.2013 |
IDENTIFICATION DETAILS
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Correct Name : |
KRAEMER GESELLSCHAFT MIT BESCHRANKTER HAFTUNG
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Registered Office : |
Friedrichstrasse 5, Koln, 50676 |
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Country : |
Germany |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
20.02.1956 |
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Com. Reg. No.: |
344 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
retail sale
of floor coverings |
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No. of Employees : |
408 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 & address
Kraemer Gesellschaft mit beschrankter Haftung
Friedrichstrasse 5
Koln, 50676
Germany
Tel: +49 (0) 221 208090
Fax: +49 (0) 221 230823
Synthesis
Employees 408
Company Type: Private Parent
Corporate Family: 3
Companies
Incorporation Date:
20-Feb-1956
Financials in: USD
(Millions)
Fiscal Year End:
30-Jun-2011
Reporting Currency: Euro
Annual Sales: 58.8
Total Assets: 56.5
Business Description
Kraemer Gesellschaft mit beschrunkter Haftung is primarily engaged in retail sale of floor coverings; retail sale of photographic, optical and precision equipment, office supplies and equipment (including computers); retail sale of jewellery, clocks and watches; retail sale of sports goods, games and toys, stamps and coins; retail sale in commercial art galleries; retail sale by opticians; retail sale of mobile telephones; and other retail sale in specialised stores not elsewhere classified.
Industry
Industry Retail (Specialty)
ANZSIC 2006: 4279 - Other
Store-Based Retailing Not Elsewhere Classified
NACE 2002: 5248 - Other
retail sale in specialised stores
NAICS 2002: 453 -
Miscellaneous Store Retailers
UK SIC 2003: 5248 - Other
retail sale in specialised stores
UK SIC 2007: 477 - Retail sale
of other goods in specialised stores
US SIC 1987: 5944 - Jewelry
Stores
Key Executives
Name Title
Roland KaulfuĂŸ Managing
director
Claus-Peter Nick Managing
director
News
|
Title |
Date |
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WIPO PUBLISHES PATENT OF SOMALOGIC, JEFF
ALDRED, TRACY R. KEENEY, JONATHAN VAUGHT, CHRIS BOCK, ALEXIS STUART FOREMAN
AND STEPHAN KRAEMER FOR "DEVICE... |
22-Feb-2013 |
|
FEATURE: European markets shudder at
prospect of Berlusconi return By Friedrike Marx and Joern Bender, dpa |
21-Feb-2013 |
|
S&P says a real risk of Cyprus default |
21-Feb-2013 |
|
Patent Issued for Starter for Starting an
Internal Combustion Engine Having a Pinion Shaft Support |
20-Feb-2013 |
|
Researchers Submit Patent Application,
"Efficient Selective Catalyst Reduction System", for Approval |
20-Feb-2013 |
Registered No.(DEU): 344
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7347003
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6897265
Corporate Overview
Location
Friedrichstrasse 5
Koln, 50676
Germany
Tel: +49 (0) 221 208090
Fax: +49 (0) 221 230823
Sales EUR(mil): 43.2
Assets EUR(mil): 39.0
Employees: 408
Fiscal Year End: 30-Jun-2011
Industry: Retail (Specialty)
Incorporation Date: 20-Feb-1956
Company Type: Private Parent
Quoted Status: Not Quoted
Registered No.(DEU): 344
Managing director: Roland
KaulfuĂŸ
Contents
Industry Codes
Business Description
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
4279 - Other Store-Based Retailing Not Elsewhere Classified
421 - Furniture, Floor Coverings, Houseware and Textile Goods
Retailing
NACE 2002 Codes:
5248 - Other retail sale in specialised stores
5244 - Retail sale of furniture, lighting equipment and household
articles not elsewhere classified
NAICS 2002 Codes:
453 - Miscellaneous Store Retailers
442 - Furniture and Home Furnishings Stores
US SIC 1987:
5944 - Jewelry Stores
57 - Home Furniture, Furnishings, and
Equipment Stores
UK SIC 2003:
5248 - Other retail sale in specialised stores
5244 - Retail sale of furniture, lighting equipment and household
articles not elsewhere classified
UK SIC 2007:
477 - Retail sale of other goods in specialised stores
47599 - Retail sale of furniture, lighting equipment and other
household articles (other than musical instruments) n.e.c., in specialised
stores
Business
Description
Kraemer Gesellschaft mit beschränkter Haftung is primarily engaged in retail sale of floor coverings; retail sale of photographic, optical and precision equipment, office supplies and equipment (including computers); retail sale of jewellery, clocks and watches; retail sale of sports goods, games and toys, stamps and coins; retail sale in commercial art galleries; retail sale by opticians; retail sale of mobile telephones; and other retail sale in specialised stores not elsewhere classified.
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Corporate Family |
Corporate
Structure News: |
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Kraemer
Gesellschaft mit beschrunkter Haftung |
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Kraemer Gesellschaft mit beschränkter Haftung |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Kraemer Gesellschaft mit
beschränkter Haftung |
Parent |
Köln, Nordrhein-Westfalen |
Germany |
Retail (Specialty) |
58.8 |
277 |
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Juwelier Pletzsch GmbH |
Subsidiary |
Frankfurt Am Main, Hessen |
Germany |
Retail (Specialty) |
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15 |
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Juwelier Deiter GmbH |
Subsidiary |
Essen, Nordrhein-Westfalen |
Germany |
Retail (Specialty) |
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25 |
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Executive report
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Executives |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Annual Profit & Loss
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30-Jun-2011 |
30-Jun-2010 |
30-Jun-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.7347 |
0.721483 |
0.681859 |
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Consolidated |
Yes |
Yes |
Yes |
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Total income |
58.8 |
52.6 |
41.6 |
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Raw materials and services |
29.4 |
26.3 |
25.1 |
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Net sales |
58.8 |
52.6 |
41.6 |
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Other operating income |
2.1 |
2.5 |
3.4 |
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Raw materials and consumables employed |
29.4 |
26.3 |
25.1 |
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Cost of goods sold |
29.4 |
26.3 |
25.1 |
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Cost of raw materials |
29.4 |
26.3 |
25.1 |
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Taxes and social security costs |
2.3 |
2.2 |
1.5 |
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Total payroll costs |
14.4 |
13.7 |
9.4 |
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Fixed asset depreciation and amortisation |
2.5 |
2.1 |
1.3 |
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Other operating costs |
13.4 |
12.4 |
9.0 |
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Net operating
income |
1.1 |
0.6 |
0.2 |
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Other income |
0.4 |
0.3 |
0.8 |
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Interest payable on loans |
0.0 |
0.0 |
0.0 |
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Total expenses |
-0.4 |
-0.3 |
-0.8 |
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Profit before tax |
1.5 |
1.0 |
1.0 |
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Extraordinary income |
- |
- |
0.0 |
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Provisions |
2.0 |
1.9 |
1.2 |
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Extraordinary expenses |
- |
- |
0.0 |
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Extraordinary result |
- |
- |
0.0 |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.4 |
0.3 |
-4.8 |
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Net profit |
1.0 |
0.7 |
5.8 |
Annual Balance
Sheet
Financials in: USD (mil)
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|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.689727 |
0.816393 |
0.634699 |
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Consolidated |
Yes |
Yes |
Yes |
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Issued capital |
0.1 |
0.1 |
0.1 |
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Profits for the year |
50.2 |
44.2 |
63.4 |
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Profit brought forward from previous
year(s) |
49.1 |
43.6 |
57.1 |
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Total
stockholders equity |
50.3 |
44.3 |
63.5 |
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Deferred taxation |
0.3 |
0.4 |
0.0 |
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Other provisions |
1.8 |
1.3 |
1.3 |
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Provisions and allowances |
2.1 |
1.6 |
1.3 |
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Taxes and social security |
0.0 |
0.0 |
0.0 |
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Total long-term
liabilities |
0.0 |
0.0 |
0.0 |
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Trade creditors |
3.0 |
1.0 |
2.9 |
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Advances received |
0.8 |
0.5 |
0.4 |
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Other loans |
- |
0.0 |
0.0 |
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Taxation and social security |
0.4 |
0.4 |
0.2 |
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Total current
liabilities |
4.1 |
1.9 |
3.4 |
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Regularisation account |
- |
0.0 |
0.0 |
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Total
liabilities (including net worth) |
56.5 |
47.9 |
68.2 |
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Goodwill |
0.0 |
0.2 |
- |
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Intangibles |
0.0 |
0.2 |
- |
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Land and buildings |
- |
- |
2.0 |
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Machinery and tools |
0.4 |
0.3 |
0.1 |
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Fixtures and equipment |
- |
- |
2.0 |
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Fixed assets under construction |
0.3 |
- |
0.0 |
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Total tangible
fixed assets |
11.0 |
9.6 |
9.2 |
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Long-term investments |
- |
- |
0.6 |
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Deposits |
0.9 |
0.7 |
- |
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Total financial
assets |
0.9 |
0.7 |
0.6 |
|
Total
non-current assets |
11.9 |
10.5 |
9.9 |
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Raw materials |
0.0 |
0.0 |
0.0 |
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Finished goods |
34.4 |
26.4 |
32.8 |
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Net stocks and work in progress |
34.4 |
26.4 |
32.8 |
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Trade debtors |
0.1 |
0.1 |
0.0 |
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Other receivables |
4.5 |
3.9 |
5.6 |
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Total
receivables |
4.6 |
4.0 |
17.4 |
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Owing from associated companies |
- |
- |
11.8 |
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Cash and liquid assets |
5.4 |
6.8 |
7.9 |
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Total current
assets |
44.5 |
37.2 |
58.1 |
|
Prepaid expenses and deferred costs |
0.1 |
0.2 |
0.2 |
|
Total assets |
56.5 |
47.9 |
68.2 |
Annual Ratios
Financials in: USD (mil)
|
|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.689727 |
0.816393 |
0.634699 |
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Consolidated |
Yes |
Yes |
Yes |
|
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Current ratio |
109.23 |
194.09 |
169.17 |
|
Acid test ratio |
24.71 |
56.21 |
73.71 |
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Total liabilities to net worth |
0.01% |
0.00% |
0.01% |
|
Net worth to total assets |
0.09% |
0.09% |
0.09% |
|
Current liabilities to net worth |
0.01% |
0.00% |
0.01% |
|
Current liabilities to stock |
0.01% |
0.01% |
0.01% |
|
Fixed assets to net worth |
0.02% |
0.02% |
0.02% |
|
Collection period |
4.00 |
7.00 |
- |
|
Stock turnover rate |
5.50 |
5.69 |
7.34 |
|
Profit margin |
0.00% |
0.00% |
0.01% |
|
Return on assets |
0.00% |
0.00% |
0.01% |
|
Shareholders' return |
0.00% |
0.00% |
0.01% |
|
Sales per employee |
10.58 |
13.71 |
14.93 |
|
Profit per employee |
0.19 |
0.17 |
2.07 |
|
Average wage per employee |
2.60 |
3.56 |
3.38 |
|
Net worth |
50.3 |
44.3 |
63.5 |
|
Number of employees |
408 |
277 |
190 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.04 |
|
UK Pound |
1 |
Rs.81.80 |
|
Euro |
1 |
Rs.71.41 |
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 |
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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.