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Report Date : |
17.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
SAINT
MAURICE GMBH |
|
|
|
|
Registered Office : |
Luisenstr. 60, D 75172 Pforzheim |
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|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
30.06.2012 |
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|
|
|
Date of Incorporation : |
12.12.1980 |
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|
|
|
Legal Form : |
Private limited company |
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|
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Line of Business : |
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|
|
|
|
No of Employees : |
20 |
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 |
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|
|
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
Saint
Maurice GmbH
Luisenstr.
60
D 75172
Pforzheim
Telephone:07231/13840
Telefax: 07231/351597
Homepage: www.saintmaurice.de
E-mail: info@saintmaurice.de
Active
DE811192739
Business
relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 12.12.1980
Shareholders'
agreement: 12.12.1980
Registered on: 22.12.1980
Commercial Register: Local court 68159 Mannheim
under: HRB
501345
Share capital: EUR 511,291.88
Shareholder:
Franz Breuning GmbH &
Co.KG
Luisenstr. 60
D 75172 Pforzheim
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 10,000,000.00
contribution:
Share: EUR 511,291.88
Registered on: 16.07.2002
Reg. data: 68159 Mannheim,
HRA 501311
Manager:
Heinz-Dieter Franz Hujara
D 75210 Keltern
having sole power of
representation
born: 14.12.1950
22.12.1980 - 07.07.2001 Haugstätter GmbH
Belfortstr. 19
D 75172 Pforzheim
Private limited company
07.07.2001 - 11.02.2014 Saint Maurice GmbH
Belfortstr. 19
D
75172 Pforzheim
Private limited company
08.06.1999 - 11.02.2014 Manager
Andreas Dietz
D 75172 Pforzheim
Sectors
26520 Manufacture of clocks and watches
32120 Manufacture of jewelry and related articles
(except imitation jewelry)
46480 Wholesale of clocks and watches and jewelry
Payment
experience: within agreed terms
Negative information: We have no negative
information at hand.
Balance sheet year: 2011/2012
Type of ownership: Tenant
Address Luisenstr. 60
D 75172 Pforzheim
Land register documents were not available.
Principal bank
SPARKASSE PFORZHEIM CALW, 75162 PFORZHEIM
Sort. code: 66650085
BIC: PZHSDE66XXX
Further bank
BADEN-WÜRTTEMBERGISCHE BANK, 75101 PFORZHEIM
Sort. code: 66620020
BIC: SOLADEST666
Turnover: 2011/2012 EUR 6,600,000.00
2012/2013 EUR 6,600,000.00
2013/2014 *EUR 3,000,000.00
further business figures:
Equipment: *EUR 170,000.00
Ac/ts receivable: EUR 2,314,190.00
Liabilities: EUR 855,064.00
Employees: 20
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios 01.07.2011 - 30.06.2012
Equity ratio [%]: 47.81
Liquidity ratio: 8.77
Return on total capital [%]: 1.77
Balance sheet ratios 01.07.2010 - 30.06.2011
Equity ratio [%]: 44.43
Liquidity ratio: 10.00
Balance sheet ratios 01.07.2009 - 30.06.2010
Equity ratio [%]: 25.92
Liquidity ratio: 4.65
Return on total capital [%]: 0.99
Balance sheet ratios 01.07.2008 - 30.06.2009
Equity ratio [%]: 21.96
Liquidity ratio: 2.64
Return on total capital [%]: 1.54
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.
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.
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: 01.07.2011
- 30.06.2012
ASSETS EUR 2,437,559.14
Fixed assets EUR 51,143.00
Intangible assets EUR 11,495.00
Other / unspecified
intangible assetsEUR
11,495.00
Tangible assets EUR 39,648.00
Other / unspecified
tangible assets EUR 39,648.00
Current assets EUR 2,382,362.40
Stocks EUR 1,000.00
Other / unspecified
stocks EUR 1,000.00
Accounts receivable EUR 2,314,190.39
Other debtors and
assets EUR
2,314,190.39
Liquid means EUR 67,172.01
Remaining other
assets EUR 4,053.74
Accruals (assets) EUR 4,053.74
LIABILITIES EUR 2,437,559.14
Shareholders' equity EUR 644,465.22
Capital EUR 511,291.88
Subscribed capital
(share capital) EUR 511,291.88
Reserves EUR 1,620.00
Retained earnings /
revenue reserves EUR
1,620.00
Balance sheet profit/loss
(+/-) EUR 131,553.34
Balance sheet profit /
loss EUR 131,553.34
Provisions EUR 936,430.36
Other / unspecified
provisions EUR 936,430.36
Liabilities EUR 855,063.56
Other liabilities EUR 855,063.56
Unspecified other
liabilities EUR 855,063.56
thereof liabilities
from tax /
financial
authorities EUR 21,048.31
Other liabilities EUR 1,600.00
Deferrals
(liabilities) EUR 1,600.00
Type of balance sheet: Company
balance sheet
Financial year: 01.07.2010
- 30.06.2011
ASSETS EUR 2,253,950.79
Fixed assets EUR 70,346.00
Intangible assets
EUR 19,164.00
Goodwill
EUR 19,164.00
Tangible assets
EUR 51,182.00
Other tangible assets / fixtures and
fittings
EUR 51,182.00
Current assets
EUR 2,179,524.51
Stocks
EUR 1,000.00
Accounts receivable
EUR 1,857,490.66
Other debtors and assets
EUR 1,857,490.66
Liquid means
EUR 321,033.85
Remaining other assets
EUR 4,080.28
Accruals (assets)
EUR 4,080.28
LIABILITIES EUR 2,253,950.79
Shareholders' equity
EUR 601,309.15
Capital
EUR 511,291.88
Subscribed capital (share capital)
EUR 511,291.88
Reserves
EUR 1,620.00
Retained earnings / revenue reserves EUR 1,620.00
Balance sheet profit/loss (+/-)
EUR 88,397.27
Balance sheet profit / loss
EUR 88,397.27
Provisions
EUR 912,017.00
Liabilities
EUR 739,024.64
Other liabilities
EUR 739,024.64
Unspecified other liabilities
EUR 739,024.64
Other liabilities
EUR 1,600.00
Deferrals (liabilities)
EUR 1,600.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.26 |
|
|
1 |
Rs. 100.78 |
|
Euro |
1 |
Rs. 83.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
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.