MIRA INFORM REPORT
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Report Date : |
18.05.2013 |
IDENTIFICATION DETAILS
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Name : |
DELIUS GMBH
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Registered Office : |
Goldstrasse 16-18, Bielefeld, 33602 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Year of Establishments: |
1722 |
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Com. Reg. No.: |
30019 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
· manufacturer of lace · manufacturer of narrow fabrics · manufacturer of other textiles |
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No. of Employees : |
77 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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.
|
Source : CIA |
Company name & address
DELIUS GmbH
Goldstrasse 16-18
Bielefeld, 33602
Germany
Tel: 49 (521) 5430
Fax: 49 (521) 543 341
Synthesis
Employees: 77
Company Type: Private Subsidiary
Corporate Family: 3
Companies
Ultimate Parent: C.A.
Delius & Sohne GmbH & Co. KG
Incorporation Date: 1722
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Euro
Annual Sales: 23.8
Total Assets: 22.4
Business Description
DELIUS GmbH is primarily engaged in manufacture of lace; manufacture of
narrow fabrics; and manufacture of other textiles not elsewhere classified.
Industry
Industry Textiles - Non Apparel
ANZSIC 2006: 1312 - Natural
Textile Manufacturing
NACE 2002: 1721 - Cotton-type
weaving
NAICS 2002: 313210 -
Broadwoven Fabric Mills
UK SIC 2003: 1721 - Cotton-type
weaving
UK SIC 2007: 1320 - Weaving of
textiles
US SIC 1987: 2211 - Broadwoven
Fabric Mills, Cotton
Key Executives
Name Title
Friedrich Wilhelm Delius Managing
director
Rudolf Delius Managing
director
Gerd Kramer Direktor
Inlandsverkauf
Dieter Wittland Personaldirektor
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
Goldstrasse 16-18
Bielefeld, 33602
Germany
Tel: 49 (521) 5430
Fax: 49 (521) 543 341
Sales EUR(mil) : 17.1
Assets EUR(mil): 17.3
Employees: 77
Fiscal Year End: 31-Dec-2011
Industry: Textiles
- Non Apparel
Incorporation Date: 1722
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DEU): 30019
Managing director: Friedrich
Wilhelm Delius
Industry Codes
ANZSIC 2006 Codes:
1312 - Natural Textile Manufacturing
1334 - Textile Finishing and Other Textile Product Manufacturing
NACE 2002 Codes:
1721 - Cotton-type weaving
1725 - Other textile weaving
1754 - Manufacture of other textiles not elsewhere classified
1730 - Finishing of textiles
1722 - Woollen-type weaving
NAICS 2002 Codes:
313210 - Broadwoven Fabric Mills
313312 - Textile and Fabric Finishing (except Broadwoven Fabric)
Mills
313221 - Narrow Fabric Mills
US SIC 1987:
2211 - Broadwoven Fabric Mills, Cotton
2241 - Narrow Fabric and Other Smallware Mills Cotton, Wool, Silk,
and Manmade Fiber
2269 - Finishers of Textiles, Not Elsewhere Classified
2221 - Broadwoven Fabric Mills, Manmade Fiber and Silk
2231 - Broadwoven Fabric Mills, Wool (Including Dyeing and
Finishing)
UK SIC 2003:
1721 - Cotton-type weaving
1725 - Other textile weaving
1730 - Finishing of textiles
1722 - Woollen-type weaving
17542 - Manufacture of narrow fabrics
UK SIC 2007:
1320 - Weaving of textiles
1330 - Finishing of textiles
1396 - Manufacture of other technical and industrial textiles
Business
Description
Textiles: raw and finished, for furniture, curtains and clothing;
industrial fabrics
More Business
Descriptions
DELIUS GmbH is primarily engaged in manufacture of lace; manufacture of
narrow fabrics; and manufacture of other textiles not elsewhere classified.
Curtain and Linen Mills
Brand/Trade Names
DELIUS
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Corporate Family |
Corporate
Structure News: |
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C.A.
Delius & Söhne GmbH & Co. KG |
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DELIUS GmbH |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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C.A. Delius & Söhne GmbH
& Co. KG |
Parent |
Bielefeld, Nordrhein-Westfalen |
Germany |
Commercial Banks |
62.1 |
250 |
|
|
DELIUS GmbH |
Subsidiary |
Bielefeld, Nordrhein-Westfalen |
Germany |
Textiles - Non Apparel |
23.8 |
85 |
|
|
Delcotex Delius Techtex GmbH
& Co. KG |
Subsidiary |
Bielefeld, Nordrhein-Westfalen |
Germany |
Textiles - Non Apparel |
|
140 |
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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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Personaldirektor |
Human Resources Executive |
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Direktor Inlandsverkauf |
Sales Executive |
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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 |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Total income |
23.8 |
21.8 |
23.5 |
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Raw materials and services |
11.4 |
10.1 |
9.4 |
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Net sales |
23.8 |
21.8 |
23.5 |
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Change in stock |
0.3 |
0.0 |
-1.9 |
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Other operating income |
1.1 |
1.6 |
1.2 |
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Raw materials and consumables employed |
11.4 |
10.1 |
9.4 |
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Other external charges |
3.2 |
3.3 |
3.6 |
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Cost of goods sold |
14.6 |
13.4 |
13.1 |
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Cost of raw materials |
14.6 |
13.4 |
13.1 |
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Taxes and social security costs |
0.8 |
0.7 |
0.8 |
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Total payroll costs |
5.3 |
4.9 |
5.1 |
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Fixed asset depreciation and amortisation |
0.1 |
0.1 |
0.2 |
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Other operating costs |
4.1 |
4.0 |
4.1 |
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Net operating
income |
1.1 |
1.0 |
0.3 |
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Interest received from loans |
1.2 |
0.6 |
0.2 |
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Other income |
0.1 |
0.1 |
0.2 |
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Interest payable on loans |
0.1 |
0.1 |
0.1 |
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Total expenses |
-1.1 |
-0.6 |
-0.2 |
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Profit before tax |
2.3 |
1.6 |
0.6 |
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Extraordinary income |
- |
0.1 |
- |
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Provisions |
1.4 |
1.2 |
2.4 |
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Extraordinary expenses |
- |
0.4 |
- |
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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 |
0.3 |
0.2 |
0.1 |
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Net profit |
1.9 |
1.1 |
0.4 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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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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Issued capital |
6.6 |
6.9 |
7.3 |
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Total reserves |
5.8 |
6.0 |
6.4 |
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Profits for the year |
4.0 |
2.8 |
2.4 |
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Profit brought forward from previous
year(s) |
2.2 |
1.7 |
2.0 |
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Total
stockholders equity |
18.1 |
17.4 |
16.1 |
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Deferred taxation |
0.3 |
0.1 |
- |
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Other provisions |
0.5 |
0.7 |
1.4 |
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Provision for pensions |
0.5 |
0.5 |
1.1 |
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Provisions and allowances |
1.3 |
1.3 |
2.5 |
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Trade creditors |
- |
- |
0.7 |
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Other loans |
- |
- |
5.8 |
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Taxation and social security |
- |
- |
0.4 |
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Due to group companies |
- |
- |
0.1 |
|
Total current
liabilities |
3.0 |
3.3 |
6.9 |
|
Total liabilities
(including net worth) |
22.4 |
22.0 |
25.4 |
|
Patents |
0.0 |
0.0 |
0.0 |
|
Intangibles |
0.0 |
0.0 |
0.0 |
|
Machinery and tools |
0.0 |
0.0 |
0.0 |
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Total tangible
fixed assets |
0.3 |
0.3 |
0.4 |
|
Long-term investments |
0.0 |
0.0 |
0.0 |
|
Shares held in associated companies |
8.3 |
8.6 |
9.2 |
|
Total financial
assets |
8.3 |
8.6 |
9.2 |
|
Total
non-current assets |
8.6 |
8.9 |
9.6 |
|
Raw materials |
0.1 |
0.1 |
0.2 |
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Work in progress |
0.2 |
0.2 |
0.3 |
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Finished goods |
5.3 |
5.2 |
5.5 |
|
Net stocks and work in progress |
5.5 |
5.4 |
5.9 |
|
Trade debtors |
2.0 |
2.2 |
2.0 |
|
Other receivables |
0.2 |
0.3 |
1.9 |
|
Total
receivables |
6.6 |
6.4 |
9.2 |
|
Owing from associated companies |
4.3 |
4.0 |
3.1 |
|
Owing from participants |
- |
- |
2.1 |
|
Cash and liquid assets |
1.2 |
0.7 |
0.7 |
|
Total current
assets |
13.3 |
12.6 |
15.8 |
|
Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
|
Total assets |
22.4 |
22.0 |
25.4 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
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Current ratio |
43.73 |
37.72 |
23.03 |
|
Acid test ratio |
25.53 |
21.47 |
14.39 |
|
Total liabilities to net worth |
0.02% |
0.02% |
0.04% |
|
Net worth to total assets |
0.08% |
0.08% |
0.06% |
|
Current liabilities to net worth |
0.02% |
0.02% |
0.04% |
|
Current liabilities to stock |
0.06% |
0.06% |
0.12% |
|
Fixed assets to net worth |
0.05% |
0.05% |
0.06% |
|
Collection period |
325.00 |
365.00 |
307.00 |
|
Stock turnover rate |
2.49 |
2.46 |
2.45 |
|
Profit margin |
0.01% |
0.01% |
0.00% |
|
Return on assets |
0.01% |
0.01% |
0.00% |
|
Shareholders' return |
0.01% |
0.01% |
0.00% |
|
Sales per employee |
22.24 |
19.87 |
23.15 |
|
Profit per employee |
1.78 |
1.30 |
0.43 |
|
Average wage per employee |
4.93 |
4.42 |
5.01 |
|
Net worth |
18.1 |
17.4 |
16.1 |
|
Number of employees |
77 |
83 |
73 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.89 |
|
UK Pound |
1 |
Rs.83.66 |
|
Euro |
1 |
Rs.70.58 |
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.