|
Report Date : |
29.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
FLEURESSE
GMBH |
|
|
|
|
Registered Office : |
Kirchbergstr.
23 D 86157 Augsburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.12.1977 |
|
|
|
|
Com. Reg. No.: |
HRB
14091 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Manufacture
of made-up textiles (except apparel) |
|
|
|
|
No. of Employees : |
37 |
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 : |
Usually Correct |
|
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 |
|
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 6.5% 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
fleuresse GmbH
Company
Status: active
Kirchbergstr. 23
D 86157 Augsburg
Telephone:0821/5210-620
Telefax: 0821/5210-379
Homepage:
www.fleuresse.de
E-mail: email@fleuresse.de
DE811717531
103/117/00214
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.12.1977
Shareholders'
agreement: 01.12.1977
Registered on: 14.06.1978
Commercial Register: Local court 86150 Augsburg
under: HRB
14091
EUR 60,000.00
Dierig Textilwerke
Gesellschaft mit
beschränkter Haftung
Kirchbergstr. 23
D 86157 Augsburg
Legal form: Private
limited company
Share capital: EUR 2,100,000.00
Share: EUR 60,000.00
Registered on: 04.12.1972
Reg. data: 86150
Augsburg, HRB 6651
Control and profit
transfer agreement
Manager:
Christian Dierig
D 86157 Augsburg
authorized to jointly
represent the company
Profession: Management
expert
Marital status: unknown
Manager:
Jürgen Langmann
D 86637 Wertingen
Proxy:
Angelika Rosenbauer
D 91757 Treuchtlingen
authorized to jointly
represent the company
FURTHER FUNCTIONS/PARTICIPATIONS OF CHRISTIAN
DIERIG (MANAGER)
Manager:
Christian Dierig
Gesellschaft mit
beschränkter Haftung
Kirchbergstr. 23
D 86157 Augsburg
Legal form: Private
limited company
Share capital: EUR 1,100,000.00
Registered
on: 10.02.1970
Reg. data: 86150 Augsburg, HRB 6440
Manager:
Dierig Textilwerke
Gesellschaft mit
beschränkter Haftung
Kirchbergstr. 23
D 86157 Augsburg
Legal form: Private limited
company
Share capital: EUR 2,100,000.00
Registered
on: 04.12.1972
Reg. data: 86150 Augsburg, HRB 6651
President of the Board of Directors:
Dierig Holding
Aktiengesellschaft
Kirchbergstr. 23
D 86157 Augsburg
Legal form: Public
limited company
Share capital: EUR
11,000,000.00
Registered
on: 23.01.1947
Reg. data: 86150 Augsburg, HRB 6137
Member of the Supervisory Board:
E. M. Group Holding AG
Hettlinger Str. 9
D 86637 Wertingen
Legal form: Public
limited company
Share capital: EUR 65,000.00
Registered
on: 10.10.2007
Reg. data: 86150 Augsburg, HRB 22932
01.12.1977 - 08.09.1994 Dierig Wäschefabrik Gesellschaft mit
beschränkter Haftung
Industriestr. 8
D 86643 Rennertshofen
Private limited
company
Main industrial sector
13920
Manufacture of made-up textiles (except apparel)
46410
Wholesale of textiles
Shareholder:
S-Modelle Damenkleider Gesellschaft mit
beschränkter Haftung
Kirchbergstr. 23
D 86157 Augsburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,022,583.76
Share: EUR 255,645.94
Reg. data: 29.06.1948
Local court
86150 Augsburg
HRB 6015
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address
Kirchbergstr. 23
D 86157 Augsburg
Land register documents were not available.
Principal bank
DEUTSCHE BANK, AUGSBURG, BAY
Sort. code: 72070001, Account no.: 024264400,
BIC: DEUTDEMM720
Further banks
STADTSPARKASSE AUGSBURG, AUGSBURG, BAY
Sort. code: 72050000, Account no.: 0913756,
BIC: AUGSDE77XXX
COMMERZBANK, AUGSBURG, BAY
Sort. code: 72040046, Account no.: 111057600,
BIC: COBADEFF720
UNICREDIT BANK - HYPOVEREINSBANK, AUGSBURG,
BAY
Sort. code: 72020070, Account no.: 2232529,
BIC: HYVEDEMM408
Turnover: 2012 EUR 5,550,000.00
Profit: 2011 EUR -411,123.00
further business figures:
Equipment: EUR 333,000.00
Ac/ts receivable: EUR 879,180.00
Liabilities: EUR 3,565,456.00
Employees:
37
-
thereof permanent staff: 37
Control and profit transfer agreement to:
Dierig Textilwerke
Gesellschaft mit
beschränkter Haftung
Kirchbergstr. 23
D 86157 Augsburg
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 90.35
Liquidity ratio: 3.06
Return on total capital [%]: -7.39
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 88.18
Liquidity ratio: 2.48
Return on total capital [%]: -11.87
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 5,894,636.41
Fixed assets
EUR 508.64
Financial assets
EUR 508.64
Other / unspecified financial assets EUR 508.64
Current assets
EUR 5,850,927.77
Stocks EUR 4,969,855.00
Other / unspecified stocks
EUR 4,969,855.00
Accounts receivable
EUR 879,179.91
Other debtors and assets
EUR 879,179.91
Liquid means EUR 1,892.86
Remaining other assets
EUR 43,200.00
Accruals (assets)
EUR 43,200.00
LIABILITIES EUR 5,894,636.41
Shareholders' equity
EUR 2,050,000.00
Capital
EUR 60,000.00
Subscribed capital (share capital)
EUR 60,000.00
Reserves
EUR 1,990,000.00
Capital reserves
EUR 1,990,000.00
Provisions
EUR 279,180.00
Other / unspecified provisions
EUR 279,180.00
Liabilities
EUR 3,565,456.41
Other liabilities
EUR 3,565,456.41
Unspecified other liabilities
EUR 3,565,456.41
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-) EUR 3,630,952.99
Staff expenses
EUR 1,541,305.91
Wages and salaries
EUR 1,299,091.97
Social security contributions and
expenses for pension plans and
benefits EUR 242,213.94
Other operating expenses
EUR 2,339,180.84
Operating result from continuing
operations
EUR -249,533.76
Interest result (+/-) EUR -185,175.88
Interest and similar income
EUR 2,344.74
Interest and similar expenses
EUR 187,520.62
Financial result (+/-)
EUR -185,175.88
Result from ordinary operations (+/-)
EUR -434,709.64
Extraordinary income
EUR 24,636.12
Extraordinary result (+/-)
EUR 24,636.12
Income from assumption of loss by
parent company
EUR 411,122.52
Other taxes / refund of taxes
EUR -1,049.00
Tax
(+/-)
EUR -1,049.00
Annual surplus / annual deficit
EUR 0.00
Type
of balance
sheet:
Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 5,767,453.17
Fixed assets
EUR 2,174.64
Tangible assets
EUR 1,666.00
Financial assets
EUR 508.64
Current assets
EUR 5,733,178.53
Stocks
EUR 4,600,890.00
Accounts receivable EUR 1,129,468.50
Liquid means
EUR 2,820.03
Remaining other assets
EUR 32,100.00
Accruals (assets)
EUR 32,100.00
LIABILITIES
EUR 5,767,453.17
Shareholders' equity
EUR 2,050,000.00
Capital
EUR 60,000.00
Subscribed capital (share capital)
EUR 60,000.00
Reserves EUR 1,990,000.00
Capital reserves
EUR 1,990,000.00
Provisions
EUR 223,739.00
Liabilities
EUR 3,493,714.17
Guarantees and other commitments
EUR 38,738.00
Other guarantees and other commitmentsEUR 38,738.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-) EUR 3,151,592.82
Staff expenses
EUR 1,559,357.70
Wages and salaries
EUR 1,319,619.96
Social security contributions and
expenses for pension plans and
benefits EUR 239,737.74
Other operating expenses
EUR 2,089,592.05
Operating result from continuing
operations
EUR -497,356.93
Interest result (+/-)
EUR -186,551.51
Interest and similar income
EUR 282.10
Interest and similar expenses
EUR 186,833.61
Financial result (+/-)
EUR -186,551.51
Result from ordinary operations (+/-)
EUR -683,908.44
Extraordinary expenses
EUR 12,624.95
Extraordinary result (+/-)
EUR -12,624.95
Income from assumption of loss by
parent company
EUR 697,299.39
Other taxes / refund of taxes
EUR -766.00
Tax
(+/-)
EUR -766.00
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.74 |
|
|
1 |
Rs.84.17 |
|
Euro |
1 |
Rs.72.02 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.