MIRA
INFORM REPORT
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Report Date : |
13.07.2013 |
IDENTIFICATION DETAILS
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Name : |
JUNKERS & MULLERS GMBH |
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Registered Office : |
Bolksbuscher Strasse 27, Monchengladbach, 41239 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Year of Establishments: |
1989 |
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Com. Reg. No.: |
HRB3591 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Subject is engaged in bleaching, dyeing and printing
(including thermo-printing) of not self-produced textiles fibres, yarns,
fabrics and textile articles, including wearing apparel; and dressing,
drying, steaming, shrinking, sanforising, mercerising of not self-produced
textiles and textile articles including wearing apparel. |
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No. of Employees : |
211 |
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 : |
No Complaints |
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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 – March 31st 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 6.5% in 2012. GDP contracted 5.1% in 2009 but grew
by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a
reflection of low investment spending due to crisis-induced uncertainty and the
decreased demand for German exports from recession-stricken periphery
countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's total budget deficit - including federal, state, and municipal - to
4.1% in 2010, but slower spending and higher tax revenues reduced the deficit
to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. 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 though
the target was already reached in 2012. By 2014, the federal government wants
to balance its budget. 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 electricity generating capacity and 46% of its base-load electricity
production.
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Source : CIA |
Company name & address
Junkers & Mullers GmbH
Bolksbuscher Strasse 27
MOnchengladbach, 41239
Germany
Tel: +49 (0) 2166 39390
Fax: +49 (0) 2166 390980
Web: www.jm-textile.com
synthesis
Employees: 211
Company Type: Private Independent
Incorporation Date: 1989
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Euro
Annual Sales: 62.0
Total Assets: 27.0
Business Description
Junkers & MUllers GmbH is primarily engaged in bleaching, dyeing and printing (including thermo-printing) of not self-produced textiles fibres, yarns, fabrics and textile articles, including wearing apparel; and dressing, drying, steaming, shrinking, sanforising, mercerising of not self-produced textiles and textile articles including wearing apparel. This class also includes: finishing of leather wearing apparel; bleaching of jeans; and pleating and similar work on textiles.
More Business
Descriptions
Industry
Industry Apparel and Accessories
ANZSIC 2006: 1334 - Textile
Finishing and Other Textile Product Manufacturing
NACE 2002: 1730 - Finishing
of textiles
NAICS 2002: 313312 - Textile
and Fabric Finishing (except Broadwoven Fabric) Mills
UK SIC 2003: 1730 - Finishing
of textiles
UK SIC 2007: 1330 - Finishing
of textiles
US SIC 1987: 2269 - Finishers
of Textiles, Not Elsewhere Classified
Key Executives
Name Title
Udo Jakobs Managing director
Christian Junkers Managing
director
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Corporate Overview
Location
Bolksbuscher Strasse 27
MOnchengladbach, 41239
Germany
Tel: +49 (0) 2166 39390
Fax: +49 (0) 2166 390980
Web: www.jm-textile.com
Sales EUR(mil): 44.6
Assets EUR(mil): 20.8
Employees: 211
Fiscal Year End: 31-Dec-2011
Industry: Apparel and Accessories
Incorporation Date: 1989
Company Type: Private
Independent
Quoted Status: Not Quoted
Registered No.(): HRB3591
Parent Registered No.(UK): DEU
Managing director: Udo Jakobs
Industry Codes
ANZSIC 2006 Codes:
1334 - Textile Finishing and Other Textile Product Manufacturing
9531 - Laundry and Dry-Cleaning Services
1312 - Natural Textile Manufacturing
NACE 2002 Codes:
1730 - Finishing of textiles
1722 - Woollen-type weaving
9301 - Washing and dry cleaning of textile and fur products
NAICS 2002 Codes:
313312 - Textile and Fabric Finishing (except Broadwoven Fabric)
Mills
313210 - Broadwoven Fabric Mills
8123 - Drycleaning and Laundry Services
US SIC 1987:
2269 - Finishers of Textiles, Not Elsewhere Classified
721 - Laundry, Cleaning, and Garment Services
2231 - Broadwoven Fabric Mills, Wool (Including Dyeing and
Finishing)
UK SIC 2003:
1730 - Finishing of textiles
9301 - Washing and dry cleaning of textile and fur products
1722 - Woollen-type weaving
UK SIC 2007:
1330 - Finishing of textiles
9601 - Washing and (dry-)cleaning of textile and fur products
1320 - Weaving of textiles
Business Description
Junkers & MUllers
GmbH is primarily engaged in bleaching, dyeing and printing (including
thermo-printing) of not self-produced textiles fibres, yarns, fabrics and
textile articles, including wearing apparel; and dressing, drying, steaming,
shrinking, sanforising, mercerising of not self-produced textiles and textile
articles including wearing apparel. This class also includes: finishing of
leather wearing apparel; bleaching of jeans; and pleating and similar work on
textiles.
More Business
Descriptions
Other Home Furnishings Stores
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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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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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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) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Total income |
62.0 |
53.3 |
47.1 |
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Raw materials and services |
22.7 |
22.2 |
18.5 |
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Net sales |
62.0 |
53.3 |
47.1 |
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Change in stock |
-0.8 |
1.5 |
0.0 |
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Other operating income |
0.5 |
0.6 |
0.6 |
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Raw materials and consumables employed |
22.7 |
22.2 |
18.5 |
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Other external charges |
1.5 |
1.3 |
0.9 |
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Cost of goods sold |
24.2 |
23.5 |
19.4 |
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Cost of raw materials |
24.2 |
23.5 |
19.4 |
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Taxes and social security costs |
2.8 |
2.4 |
2.3 |
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Total payroll costs |
15.9 |
13.9 |
13.5 |
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Fixed asset depreciation and amortisation |
1.1 |
1.4 |
1.3 |
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Other operating costs |
12.2 |
11.7 |
10.9 |
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Net operating income |
8.4 |
4.8 |
2.5 |
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Income received from associated companies |
0.0 |
0.0 |
0.0 |
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Other income |
0.1 |
0.1 |
0.1 |
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Interest payable on loans |
0.3 |
0.4 |
0.4 |
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Total expenses |
0.2 |
0.2 |
0.2 |
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Profit before tax |
8.2 |
4.6 |
2.3 |
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Provisions |
5.1 |
4.4 |
3.1 |
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Extraordinary expenses |
- |
0.3 |
- |
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Extraordinary result |
- |
-0.3 |
- |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
2.7 |
1.5 |
0.9 |
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Net profit |
5.5 |
2.8 |
1.4 |
Annual
Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Issued capital |
4.5 |
4.7 |
5.0 |
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Capital reserves |
0.7 |
0.8 |
0.8 |
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Total reserves |
0.6 |
0.7 |
0.7 |
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Profits for the year |
10.7 |
9.0 |
6.7 |
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Profit brought forward from previous year(s) |
- |
6.1 |
5.3 |
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Total stockholders equity |
16.6 |
15.1 |
13.3 |
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Deferred taxation |
1.0 |
0.8 |
0.5 |
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Other provisions |
2.0 |
1.8 |
1.0 |
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Provision for pensions |
1.8 |
1.8 |
1.7 |
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Provisions and allowances |
4.8 |
4.4 |
3.2 |
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Other debentures |
1.6 |
2.2 |
3.1 |
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Total long-term liabilities |
1.6 |
2.2 |
3.1 |
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Trade creditors |
1.6 |
2.8 |
2.8 |
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Other loans |
1.6 |
1.9 |
2.8 |
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Taxation and social security |
0.7 |
0.6 |
0.8 |
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Total current liabilities |
3.9 |
5.2 |
6.4 |
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Total liabilities (including net worth) |
27.0 |
26.9 |
25.9 |
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Patents |
0.0 |
0.0 |
0.0 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Land and buildings |
0.0 |
0.0 |
0.0 |
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Machinery and tools |
4.2 |
2.6 |
3.5 |
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Fixtures and equipment |
0.0 |
0.0 |
0.0 |
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Fixed assets under construction |
0.3 |
0.3 |
- |
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Total tangible fixed assets |
5.6 |
4.0 |
4.8 |
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Long-term investments |
0.0 |
0.0 |
0.0 |
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Other financial assets |
0.2 |
0.2 |
0.2 |
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Participating interest |
- |
- |
0.2 |
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Total financial assets |
0.2 |
0.2 |
0.4 |
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Total non-current assets |
5.8 |
4.3 |
5.2 |
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Raw materials |
0.8 |
0.8 |
0.6 |
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Work in progress |
0.2 |
0.4 |
0.3 |
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Finished goods |
9.9 |
10.8 |
10.1 |
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Net stocks and work in progress |
10.9 |
12.1 |
11.0 |
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Trade debtors |
5.5 |
5.6 |
4.8 |
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Other receivables |
2.8 |
3.7 |
3.8 |
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Total receivables |
8.3 |
9.3 |
8.7 |
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Owing from participants |
0.0 |
0.0 |
0.0 |
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Cash and liquid assets |
1.9 |
1.3 |
1.1 |
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Total current assets |
21.2 |
22.7 |
20.7 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
27.0 |
26.9 |
25.9 |
Annual
Ratios
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Current ratio |
53.68 |
43.32 |
32.44 |
|
Acid test ratio |
25.96 |
20.24 |
15.22 |
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Total liabilities to net worth |
0.03% |
0.05% |
0.07% |
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Net worth to total assets |
0.06% |
0.06% |
0.05% |
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Current liabilities to net worth |
0.02% |
0.03% |
0.05% |
|
Current liabilities to stock |
0.04% |
0.04% |
0.06% |
|
Fixed assets to net worth |
0.04% |
0.03% |
0.04% |
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Collection period |
347.00 |
376.00 |
361.00 |
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Stock turnover rate |
1.89 |
2.24 |
2.27 |
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Profit margin |
0.01% |
0.01% |
0.00% |
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Return on assets |
0.02% |
0.01% |
0.01% |
|
Shareholders' return |
0.03% |
0.02% |
0.01% |
|
Sales per employee |
21.14 |
19.71 |
15.24 |
|
Profit per employee |
1.88 |
1.16 |
0.44 |
|
Average wage per employee |
5.41 |
5.15 |
4.36 |
|
Net worth |
16.6 |
15.1 |
13.3 |
|
Number of employees |
211 |
204 |
222 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.89 |
|
UK Pound |
1 |
Rs.90.88 |
|
Euro |
1 |
Rs.78.32 |
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 |
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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 |
|
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.