MIRA INFORM REPORT
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Report Date : |
03.10.2013 |
IDENTIFICATION DETAILS
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Name : |
MISTER * LADY GMBH |
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Registered Office : |
Sprottauer Strasse 4-10, Nurnberg, 90475 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.06.1969 |
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Com. Reg. No.: |
HRB4061 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
·
retail
sale of adults’ fur and leather clothing ·
retail
sale of children’s and infants’ clothing ·
retail
sale of other women’s clothing ·
retail
sale of footwear and leather goods |
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No. of Employees : |
945 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st, 2013
|
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
|
Source : CIA |
Company name & address
mister *lady GmbH
Sprottauer Strasse 4-10
NUrnberg, 90475
Germany
Tel: +49 (0) 911 984760
Fax: +49
(0) 911 98476304
Synthesis
Employees: 945
Company Type:
Private Subsidiary
Corporate Family: 2
Companies
Ultimate Parent:
Opcon AG
Incorporation Date:
01-Jun-1969
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency:
Euro
Annual Sales:
175.1
Total Assets:
35.9
Business Description
mister * lady GmbH is primarily engaged in retail sale of adults’ fur and
leather clothing; retail sale of children’s and infants’ clothing; retail
sale of other women’s clothing; and retail sale of footwear and leather
goods.
Industry
Industry Clothing and
Apparel Stores
ANZSIC 2006:
4251 - Clothing Retailing
ISIC Rev 4:
4771 - Retail sale of clothing, footwear and leather articles in specialized
stores
NACE Rev 2:
4771 - Retail sale of clothing in specialised stores
NAICS 2012:
448120 - Women's Clothing Stores
UK SIC 2007:
4771 - Retail sale of clothing in specialised stores
US SIC 1987:
5651 - Family Clothing Stores
Key Executives
|
Name |
Title |
|
JUrgen Hanslbauer |
Managing director |
|
Albert Himmel |
Managing director |
|
Rudolf Kempter |
Managing director |
|
Christian Beran |
Partner |
1 - Profit & Loss Item Exchange Rate: USD 1 =
EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR
0.7454064
Corporate Overview
Location
Sprottauer Strasse 4-10
NUrnberg, 90475
Germany
Tel: +49
(0) 911 984760
Fax: +49
(0) 911 98476304
Sales EUR(mil): 132.2
Assets EUR(mil): 26.7
Employees: 945
Fiscal Year End: 31-Dec-2010
Industry: Retail
(Apparel)
Incorporation Date: 01-Jun-1969
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(): HRB4061
Parent Registered No.(UK): DEU
Managing director: JUrgen
Hanslbauer
Industry Codes
ANZSIC 2006 Codes:
4251 - Clothing Retailing
ISIC Rev 4 Codes:
4771 - Retail sale of clothing, footwear and
leather articles in specialized stores
NACE Rev 2 Codes:
4771 - Retail sale of clothing in specialised
stores
NAICS 2012 Codes:
448120 - Women's Clothing Stores
US SIC 1987:
5651 - Family Clothing Stores
UK SIC 2007:
4771 - Retail sale of clothing in specialised
stores
Business Description
mister * lady GmbH is primarily engaged in retail sale of adults’ fur and
leather clothing; retail sale of children’s and infants’ clothing; retail
sale of other women’s clothing; and retail sale of footwear and leather
goods.
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Corporate Family |
Corporate
Structure News: |
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mister
* lady GmbH |
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mister * lady GmbH |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Opcon AG |
Parent |
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mister * lady GmbH |
Subsidiary |
NUrnberg, Bayern |
Germany |
Clothing and Apparel Stores |
175.1 |
945 |
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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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Managing director |
Managing Director |
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Partner |
Partner |
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Annual Profit & Loss
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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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) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
Yes |
Yes |
Yes |
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Total income |
175.1 |
165.3 |
164.2 |
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Raw materials and services |
65.6 |
66.5 |
63.4 |
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Net sales |
175.1 |
165.3 |
164.2 |
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Other operating income |
2.7 |
4.2 |
3.3 |
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Raw materials and consumables employed |
65.6 |
66.5 |
63.4 |
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Cost of goods sold |
65.6 |
66.5 |
63.4 |
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Cost of raw materials |
65.6 |
66.5 |
63.4 |
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Taxes and social security costs |
6.2 |
6.8 |
6.7 |
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Total payroll costs |
36.4 |
36.7 |
36.2 |
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Fixed asset depreciation and amortisation |
2.3 |
2.2 |
4.3 |
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Other operating costs |
58.9 |
60.0 |
59.6 |
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Net operating income |
14.5 |
4.1 |
4.1 |
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Other income |
0.4 |
0.1 |
0.5 |
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Interest payable on loans |
0.5 |
0.1 |
0.1 |
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Other expenses |
- |
- |
1.0 |
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Total expenses |
0.1 |
0.0 |
1.4 |
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Profit before tax |
14.4 |
4.1 |
2.6 |
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Provisions |
18.0 |
15.4 |
13.9 |
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Extraordinary expenses |
0.1 |
- |
- |
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Extraordinary result |
-0.1 |
- |
- |
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Other taxes |
0.0 |
-0.1 |
0.0 |
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Total taxation |
4.2 |
2.2 |
2.5 |
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Net profit |
10.1 |
2.0 |
0.1 |
Annual Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
Yes |
Yes |
Yes |
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Issued capital |
0.7 |
0.7 |
0.7 |
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Capital reserves |
- |
0.0 |
0.0 |
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Other reserves |
0.9 |
- |
- |
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Total reserves |
0.9 |
- |
- |
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Profits for the year |
3.4 |
21.7 |
19.0 |
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Total stockholders equity |
5.0 |
22.5 |
19.8 |
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Deferred taxation |
2.3 |
2.0 |
1.0 |
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Other provisions |
8.6 |
6.4 |
5.2 |
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Provision for pensions |
7.3 |
7.5 |
7.0 |
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Provisions and allowances |
18.2 |
15.9 |
13.2 |
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Taxes and social security |
- |
0.0 |
- |
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Total long-term liabilities |
- |
0.0 |
- |
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Trade creditors |
7.0 |
7.2 |
9.7 |
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Advances received |
1.2 |
1.2 |
0.9 |
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Other loans |
0.0 |
0.0 |
0.0 |
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Taxation and social security |
3.4 |
3.9 |
2.4 |
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Total current liabilities |
11.6 |
12.3 |
13.0 |
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Regularisation account |
1.1 |
1.2 |
0.9 |
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Total liabilities (including net worth) |
35.9 |
52.2 |
47.2 |
|
Patents |
0.1 |
0.2 |
0.3 |
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Intangibles |
0.1 |
0.2 |
0.3 |
|
Fixed assets under construction |
- |
0.0 |
0.0 |
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Total tangible fixed assets |
9.1 |
9.1 |
8.3 |
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Shares held in associated companies |
- |
0.0 |
- |
|
Participating interest |
2.0 |
2.1 |
2.0 |
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Total financial assets |
2.0 |
2.1 |
2.0 |
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Total non-current assets |
11.2 |
11.4 |
10.6 |
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Finished goods |
13.9 |
14.3 |
14.8 |
|
Net stocks and work in progress |
13.9 |
14.3 |
14.8 |
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Trade debtors |
0.6 |
0.7 |
0.5 |
|
Other receivables |
0.7 |
1.0 |
1.2 |
|
Total receivables |
1.4 |
1.7 |
1.8 |
|
Owing from associated companies |
- |
- |
0.1 |
|
Cash and liquid assets |
7.1 |
22.8 |
17.6 |
|
Shares in associated companies |
- |
- |
0.0 |
|
Recoverable taxation |
2.1 |
1.7 |
1.6 |
|
Total current assets |
22.3 |
38.8 |
34.2 |
|
Prepaid expenses and deferred costs |
0.2 |
0.3 |
0.9 |
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Total assets |
35.9 |
52.2 |
47.2 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
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Current ratio |
19.34 |
31.47 |
26.18 |
|
Acid test ratio |
7.30 |
19.85 |
14.85 |
|
Total liabilities to net worth |
0.23% |
0.05% |
0.07% |
|
Net worth to total assets |
0.01% |
0.04% |
0.04% |
|
Current liabilities to net worth |
0.23% |
0.05% |
0.07% |
|
Current liabilities to stock |
0.08% |
0.09% |
0.09% |
|
Fixed assets to net worth |
0.23% |
0.05% |
0.05% |
|
Collection period |
15.00 |
15.00 |
11.00 |
|
Stock turnover rate |
0.78 |
0.84 |
0.95 |
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Profit margin |
0.01% |
0.00% |
0.00% |
|
Return on assets |
0.03% |
0.00% |
0.00% |
|
Shareholders' return |
0.21% |
0.01% |
0.00% |
|
Sales per employee |
13.99 |
13.65 |
13.59 |
|
Profit per employee |
0.82 |
0.17 |
0.01 |
|
Average wage per employee |
2.91 |
3.03 |
2.99 |
|
Net worth |
5.0 |
22.5 |
19.8 |
|
Number of employees |
945 |
871 |
826 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.36 |
|
UK Pound |
1 |
Rs.101.20 |
|
Euro |
1 |
Rs.84.54 |
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.