MIRA INFORM REPORT

 

 

Report Date :

15.03.2013

 

IDENTIFICATION DETAILS

 

Name :

MAINPOL GMBH

 

 

Registered Office :

Daimlerstr. 10, D 73095 Albershausen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2011

 

 

Year of Establishments:

1976

 

 

Com. Reg. No.:

HRB 533433

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Agents involved in the sale of textiles, apparel,  footwear and leatherware

 

 

No. of Employees :

86

 

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 :

Satisfactory 

Payment Behaviour :

No  Complaints 

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

 

 

 

Company name & address

 

MAINPOL GmbH

 

Daimlerstr. 10

D 73095 Albershausen

Telephone:        07161/30020

Telefax:            07161/300233

Homepage:       www.MAINPOL.de

E-mail:              info@MAINPOL.de

 

Company Status:      active

 

 

VAT no       

 

DE218902235

 

 

Tax ID number

 

63007/02456

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

 LEGAL FORM              Private limited company

 Date of foundation:      1976

 Shareholders'

 agreement:                   27.08.2001

 Registered on:             18.09.2001

 Commercial Register:   Local court 89073 Ulm

 under:                          HRB 533433

 Share capital:                EUR          1,000,000.00

Shareholder

 

Johann Hans-Dieter Pöll

Helferichstr. 4

D 73033 Göppingen

born: 06.09.1946

Share:             EUR            500,000.00

 

 Shareholder:

                      Miguel Shlafrok

                      Agraciada 3304 P 601

                      ROU  monteviedo

                      born: 01.04.1939

                      Share:             EUR            500,000.00

 

 

Manager

 

Johann Hans-Dieter Pöll

Helferichstr. 4

D 73033 Göppingen

born: 06.09.1946

Profession: Businessman

Marital status: married

 

 Manager:

                      Miguel Shlafrok

                      ROU - Montevideo

                      born: 01.04.1939

 Manager:

                      Wolfgang Schmitt

                      Nibelungenstr. 10a

                      D 63868 Großwallstadt

                      born: 25.03.1963

                      Marital status: married

 

 

Further functions/participations of Johann Hans-Dieter Pöll (Manager)

 

 Limited partner:

                      Mainpol Pöll GmbH & Co. KG

                      Daimlerstr. 10

                      D 73095 Albershausen

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR            104,000.00

                      contribution:

                      Share:             EUR             52,000.00

                      Registered

                      on:         10.06.1976

                      Reg. data:  89073 Ulm, HRA 531255

 Limited partner:

                      MESPO Messina KG

                      Hauptstr. 121

                      D 72667 Schlaitdorf

                      Legal form: Limited partnership dissolved by

                                  official decree

                      Share:             EUR             10,430.35

                      Registered

                      on:         18.10.1988

                      Reg. data:  70190 Stuttgart, HRA 221845

 Shareholder:

                      P & S Verwaltungs-GmbH

                      Daimlerstr. 10

                      D 73095 Albershausen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Registered

                      on:         23.11.2004

                      Reg. data:  89073 Ulm, HRB 533938

 Manager:

                      P & S Verwaltungs-GmbH

                      Daimlerstr. 10

                      D 73095 Albershausen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         23.11.2004

                      Reg. data:  89073 Ulm, HRB 533938

 

 

Further functions/participations of Miguel Shlafrok (Manager)

 

 Limited partner:

                      Mainpol Pöll GmbH & Co. KG

                      Daimlerstr. 10

                      D 73095 Albershausen

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR            104,000.00

                      contribution:

                      Share:             EUR             52,000.00

                      Registered

                      on:         10.06.1976

                      Reg. data:  89073 Ulm, HRA 531255

 Limited partner:

                      MESPO Messina KG

                      Hauptstr. 121

                      D 72667 Schlaitdorf

                      Legal form: Limited partnership dissolved by

                                  official decree

                      Share:             EUR             10,430.35

                      Registered

                      on:         18.10.1988

                      Reg. data:  70190 Stuttgart, HRA 221845

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

4616    Agents involved in the sale of textiles, apparel,  footwear and leatherware

46493   Wholesale of leather goods, luggage, giftware and  advertising articles

 

 

FINANCIAL INFORMATION

 

 Payment experience:    within periods customary in this trade

 

 Negative information:   We have no negative information at hand.

 

 Balance sheet year:      2011

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Daimlerstr. 10

                          D 73095 Albershausen

 

 Real Estate of:      Wolfgang Schmitt

 Type of ownership:   part owner

 Share:                 50.00 %

 Address              Nibelungenstr. 10 a

                         D 63868 Großwallstadt

 

 Land register documents were not available.

 

 

BANKERS

 

Principal bank

BANKHAUS GEBR. MARTIN, GÖPPINGEN

Sort. code: 61030000, BIC: MARBDE6GXXX

 

Further banks

COMMERZBANK, GÖPPINGEN

Sort. code: 61040014, BIC: COBADEFF610

DEUTSCHE BANK, GÖPPINGEN

Sort. code: 61070078, BIC: DEUTDESS610

COMMERZBANK VORMALS DRESDNER BANK, GÖPPINGEN

Sort. code: 61080006, BIC: DRESDEFF610

KREISSPARKASSE GÖPPINGEN, GÖPPINGEN

Sort. code: 61050000, BIC: GOPSDE6GXXX

 

 

FINANCIAL FIGURES

 

 Gross profit or loss:2011               EUR         11,000,627.00

 Profit:              2011               EUR            652,183.00

 Equipment:                              EUR             45,327.00

 Ac/ts receivable:                       EUR          6,529,617.00

 Liabilities:                            EUR         11,110,937.00

 Employees:                                                     86

 - thereof permanent staff:                                     86

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 15.85

 Liquidity ratio:                   0.59

 Return on total capital [%]:       7.95

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 16.61

 Liquidity ratio:                   0.66

 Return on total capital [%]:       4.97

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 14.49

 Liquidity ratio:                   0.85

 Return on total capital [%]:       4.64

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                  9.26

 Liquidity ratio:                   1.07

 Return on total capital [%]:       0.81

 

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         20,628,212.09

  Fixed assets                           EUR            181,243.00

   Intangible assets                     EUR            120,916.00

    Other / unspecified intangible assetsEUR            120,916.00

   Tangible assets                       EUR             60,327.00

    Plant / machinery                    EUR             15,000.00

    Other tangible assets / fixtures and

    fittings                             EUR             45,327.00

  Current assets                         EUR         20,224,308.11

   Stocks                                EUR         13,672,416.42

   Accounts receivable                   EUR          6,529,616.92

    Other debtors and assets             EUR          6,529,616.92

   Liquid means                          EUR             22,274.77

  Remaining other assets                 EUR            222,660.98

   Accruals (assets)                     EUR            222,660.98

 

 LIABILITIES                             EUR         20,628,212.09

  Shareholders' equity                   EUR          3,319,914.83

   Capital                               EUR          1,000,000.00

    Subscribed capital (share capital)   EUR          1,000,000.00

   Reserves                              EUR            700,000.00

    Capital reserves                     EUR            700,000.00

   Balance sheet profit/loss (+/-)       EUR          1,619,914.83

    Profit / loss brought forward        EUR            967,731.77

    Annual surplus / annual deficit      EUR            652,183.06

  Items between shareholders' equity and

  debt capital                           EUR          5,460,000.00

   Mezzanine financing                   EUR          5,460,000.00

    Contributions of silent partners     EUR          5,460,000.00

  Provisions                             EUR            718,284.41

  Liabilities                            EUR         11,110,936.85

   Financial debts                       EUR          9,440,177.47

    Liabilities due to banks             EUR          9,440,177.47

   Other liabilities                     EUR          1,670,759.38

    Unspecified other liabilities        EUR          1,670,759.38

  Other liabilities                      EUR             19,076.00

   Deferred taxes (not included under

   provisions/liabilities)               EUR             19,076.00

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR         11,000,627.10

  Staff expenses                         EUR          3,405,039.97

   Wages and salaries                    EUR          2,868,506.69

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            536,533.28

  Total depreciation                     EUR             38,631.53

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR             38,631.53

  Other operating expenses               EUR          4,338,880.39

  Operating result from continuing

  operations                             EUR          3,218,075.21

  Result from participating interests

  (+/-)                                  EUR            -89,471.54

   Expenses for participations           EUR             89,471.54

    Expenses for other participations    EUR             89,471.54

  Interest result (+/-)                  EUR         -1,228,569.67

   Interest and similar income           EUR             35,278.72

   Interest and similar expenses         EUR          1,263,848.39

  Financial result (+/-)                 EUR         -1,318,041.21

  Result from ordinary operations (+/-)  EUR          1,900,034.00

  Extraordinary expenses                 EUR            983,732.26

  Extraordinary result (+/-)             EUR           -983,732.26

  Income tax / refund of income tax (+/-)EUR           -256,082.83

  Other taxes / refund of taxes          EUR             -8,035.85

  Tax (+/-)                              EUR           -264,118.68

  Annual surplus / annual deficit        EUR            652,183.06

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR         16,031,105.41

  Fixed assets                           EUR             86,545.00

   Intangible assets                     EUR             11,140.00

   Tangible assets                       EUR             75,405.00

    Plant / machinery                    EUR             18,000.00

    Other tangible assets / fixtures and

    fittings                             EUR             57,405.00

  Current assets                         EUR         15,743,425.56

   Stocks                                EUR         10,470,249.95

   Accounts receivable                   EUR          4,748,753.60

    Other debtors and assets             EUR          4,748,753.60

   Liquid means                          EUR            524,422.01

  Remaining other assets                 EUR            201,134.85

   Accruals (assets)                     EUR            201,134.85

 

 LIABILITIES                             EUR         16,031,105.41

  Shareholders' equity                   EUR          2,667,731.77

   Capital                               EUR          1,000,000.00

    Subscribed capital (share capital)   EUR          1,000,000.00

   Reserves                              EUR            700,000.00

    Capital reserves                     EUR            700,000.00

   Balance sheet profit/loss (+/-)       EUR            967,731.77

    Profit / loss brought forward        EUR            250,246.80

    Annual surplus / annual deficit      EUR            717,484.97

  Items between shareholders' equity and

  debt capital                           EUR          5,360,000.00

   Mezzanine financing                   EUR          5,360,000.00

    Contributions of silent partners     EUR          5,360,000.00

  Provisions                             EUR            246,614.00

  Liabilities                            EUR          7,756,759.64

   Financial debts                       EUR          6,515,175.53

    Liabilities due to banks             EUR          6,515,175.53

   Other liabilities                     EUR          1,241,584.11

    Unspecified other liabilities        EUR          1,241,584.11

  Guarantees and other commitments       EUR          2,501,891.14

   Other guarantees and other commitmentsEUR          2,501,891.14

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR          8,741,701.45

  Staff expenses                         EUR          3,355,887.84

   Wages and salaries                    EUR          2,828,513.41

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            527,374.43

  Total depreciation                     EUR             36,602.08

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR             36,602.08

  Other operating expenses               EUR          3,374,161.29

  Operating result from continuing

  operations                             EUR          1,975,050.24

  Interest result (+/-)                  EUR           -812,886.23

   Interest and similar income           EUR             23,597.30

   Interest and similar expenses         EUR            836,483.53

  Other financial result                 EUR           -335,480.38

   Other financial expenses              EUR            335,480.38

  Financial result (+/-)                 EUR         -1,148,366.61

  Result from ordinary operations (+/-)  EUR            826,683.63

  Extraordinary expenses                 EUR             79,685.78

  Extraordinary result (+/-)             EUR            -79,685.78

  Income tax / refund of income tax (+/-)EUR            -21,338.82

  Other taxes / refund of taxes          EUR             -8,174.06

  Tax (+/-)                              EUR            -29,512.88

  Annual surplus / annual deficit        EUR            717,484.97

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.44

UK Pound

1

Rs.81.33

Euro

1

Rs.70.50

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.