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Report Date : |
31.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAYER & CIE GMBH & CO. KG |
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Registered Office : |
Emil-Mayer-Str. 10 D 72461
Albstadt Post Box: 20 15 80, D 72438 Albstadt |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
1905 |
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Com. Reg. No.: |
HRA 400260 |
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Legal Form : |
Ltd partnership with priv. ltd.
company as general partner |
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|
Line of Business : |
Manufacture of machinery for textile,
apparel and leather production |
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No. of Employees |
290 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
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 : |
Unknown |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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, 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 |
MAYER & CIE GMBH & CO. KG
Company Status: active
Emil-Mayer-Str. 10
D 72461 Albstadt
Post Box:
20 15 80, D
72438 Albstadt
Telephone:07432/700-0
Telefax:
07432/700-315
Homepage: www.mayerandcie.com
E-mail:
info@mayerandcie.com
VAT no.: DE144843258
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1905
Registered on: 19.12.1972
Register of
companies: Local
court 70190 Stuttgart
under: HRA
400260
Total cap. contribution: EUR 20,320,000.00
Limited
partner:
Sibylle Mauthe-Mayer
Leimenstr. 16
D 72461 Albstadt
born: 15.08.1951
née: Mayer
Share: EUR 6,240,000.00
Limited
partner:
Peter Mayer jun.
D 20095 Hamburg
born: 31.12.1969
Share: EUR 3,520,000.00
Limited
partner:
Marcus Mayer jun.
D 72336 Balingen
born: 05.01.1973
Share: EUR 3,520,000.00
Limited
partner:
Benjamin Mayer
D 72458 Albstadt
born: 07.01.1982
Share: EUR 3,316,800.00
Limited
partner:
Sebastian Mayer
D 72458 Albstadt
born: 16.03.1983
Share: EUR 3,316,800.00
Limited
partner:
Rainer Mayer
Alexander-von-Humboldt-Str.
23
D 72458 Albstadt
born: 18.08.1947
Share: EUR 406,400.00
General
partner:
Mayer Verwaltungs-Gesellschaftmit
beschränkter Haftung
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private
limited company
Share capital: EUR 60,000.00
Registered on:
15.11.1972
Reg. data: 70190
Stuttgart, HRB 400116
Shareholder:
Rainer Mayer
Alexander-von-Humboldt-Str.
23
D 72458 Albstadt
born: 18.08.1947
Share: EUR 30,000.00
Shareholder:
Marcus Mayer
D 72336 Balingen
born: 05.01.1973
Share: EUR 30,000.00
Manager:
Rainer Mayer
Alexander-von-Humboldt-Str.
23
D 72458 Albstadt
having sole power of
representation
born: 18.08.1947
Profession: Fully
qualified merchant
Marital status: married
Proxy:
Marcus Mayer
D 72336 Balingen
born: 05.01.1973
Proxy:
Rainer Müller
D 72379 Hechingen
authorized to jointly
represent the company
born: 22.01.1962
Proxy:
Wolfgang Müller
D 72461 Albstadt
authorized to jointly
represent the company
born: 10.05.1968
Proxy:
Klaus Sickinger
D 72336 Balingen
authorized to jointly
represent the company
born: 02.07.1964
Proxy:
Benjamin Mayer
Fischer-von-Erlach-Str.
1a
D 80689 München
having sole power of
representation
born: 07.01.1982
Main industrial sector
28940 Manufacture
of machinery for textile, apparel and leather production
Limited
partner:
Hans Rüster GmbH &
Co. KG Platinenfabrik
Jahnstr. 17
D 73326 Deggingen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: insolvent
since: 14.06.2012
Total cap. EUR 5,530,000.00
contribution:
Share: EUR 5,530,000.00
Reg. data:
09.08.1951
Local court
89073 Ulm
HRA 540524
Limited
partner:
IVGD GmbH & Co. KG
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 3,500,000.00
contribution:
Share: EUR 3,500,000.00
Reg. data: 08.08.2011
Local court
70190 Stuttgart
HRA 726659
Shareholder:
Mayer Recond GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private
limited company
Company Status: insolvent
Share capital: EUR 800,000.00
Share: EUR 800,000.00
Reg. data: 19.05.1988
Local court
70190 Stuttgart
HRB 410539
Shareholder:
MCT International Holding
GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private
limited company
Company Status: active
Share capital: EUR 75,000.00
Share: EUR 75,000.00
Reg. data: 31.10.2001
Local court
70190 Stuttgart
HRB 401278
Shareholder:
EL Holding GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private
limited company
Company Status: in
liquidation
since: 23.06.2010
Share capital: EUR 60,000.00
Share: EUR 60,000.00
Reg. data: 23.11.1995
Local court 70190
Stuttgart
HRB 401002
Shareholder:
SIPRA Patententwicklungs-
und
Beteiligungsgesellschaft
mbH
Emil-Mayer-Str. 10
D 72461
Albstadt
Legal form: Private
limited company
Company Status: active
Share capital: EUR 60,000.00
Share: EUR 60,000.00
Reg. data: 01.01.1911
Local court
70190 Stuttgart
HRB 400485
Shareholder:
Verwaltungsgesellschaft
Hans Rüster mit
beschränkter Haftung
Jahnstr. 25-27
D 73326 Deggingen
Legal form: Private
limited company
Company Status: insolvent
since: 06.09.2012
Share capital: EUR 51,129.19
Share: EUR 51,129.19
Reg. data: 28.12.1967
Local court
89073 Ulm
HRB 540139
Shareholder:
Mayer & Cie. Service-
und Leasing GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private
limited company
Company Status: dissolved by
official decree
since: 24.09.2013
Share capital: EUR 50,000.00
Share: EUR 50,000.00
Reg. data: 11.01.1990
Local court
70190 Stuttgart
HRB 400731
Shareholder:
IVGD-Beteiligungs-GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,600.00
Share: EUR 25,600.00
Reg. data: 12.12.1972
Local court
70190 Stuttgart
HRB 590141
Shareholder:
SPINIT Entwicklungs-und
Betreiber-GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private
limited company
Company Status: insolvent
since: 28.10.2009
Share capital: EUR
25,000.00
Share: EUR 25,000.00
Reg. data: 02.03.2006
Local court
70190 Stuttgart
HRB 401441
Shareholder:
MEC Mayer
Engineering & Consulting GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private
limited company
Company Status: in
liquidation
since: 04.03.2010
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 24.09.2009
Local court
70190 Stuttgart
HRB 731269
Shareholder:
MATEX Mayer
Textilmaschinen Vertriebs GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private
limited company
Company Status: in
liquidation
since: 07.01.2014
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 09.10.2001
Local court
70190 Stuttgart
HRB 401269
Payment experience: within periods customary in this trade
Negative information:We have no
negative information at hand.
Balance sheet year: 2010
Type of ownership: proprietor
Share: 100.00 %
Address Emil-Mayer-Str. 10
D 72461 Albstadt
Real Estate of: Mayer Verwaltungs-Gesellschaftmit
beschränkter Haftung
Type of ownership: Tenant
Address Emil-Mayer-Str. 10
D 72461 Albstadt
Real Estate of: Rainer Mayer
Type of ownership: proprietor
Share: 100.00 %
Address Alexander-von-Humboldt-Str. 23
D 72458 Albstadt
Type of real estate: Residential building
Residential floor 750,000.00 sq.m
space/ Usable floor
space:
Land register documents were not available.
COMMERZBANK, 72426 ALBSTADT, WÜRTT
Sort. code: 65340004, Account no.: 9402074
BIC: COBADEFF653
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101, Account no.: 4763264
BIC: SOLADEST600
Turnover: 2012 EUR 71,864,000.00
2013 EUR 76,158,000.00
Expected turnover: EUR 68,000,000.00
further business figures:
Equipment: EUR 227,929.00
Ac/ts receivable: EUR 18,779,057.00
Liabilities: EUR 19,221,510.00
Employees: 290
-
Part-time employees: 10
-
Trainees:
9
-
Temporary workers: 3
Balance sheet ratios 30.10.2010 - 31.12.2010
Equity ratio [%]: 45.08
Liquidity ratio: 1.18
Return on total capital [%]: 2.06
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: 30.10.2010 - 31.12.2010
ASSETS EUR 42,392,155.48
Fixed assets
EUR 9,325,746.86
Intangible assets
EUR 17,462.63
Concessions, licences, rights
EUR 17,462.63
Tangible assets
EUR 5,832,340.76
Land / similar rights
EUR 4,295,344.69
Plant / machinery
EUR 735,508.77
Other tangible assets / fixtures and
fittings
EUR 227,928.50
Advance payments made / construction
in progress
EUR 573,558.80
Financial assets
EUR 3,475,943.47
Shares in participations /
subsidiaries and the like
EUR 3,425,943.47
Shares in related companies
EUR 3,425,432.06
Shares in investee companies
EUR 511.41
Loans to participations /
subsidiaries and the like
EUR 50,000.00
Loans to related companies
EUR 50,000.00
Current assets
EUR 33,039,536.96
Stocks
EUR 10,956,711.64
Raw materials, consumables and
supplies EUR
4,555,321.49
Finished goods / work in progress
EUR 6,401,390.15
Accounts receivable
EUR 18,779,057.07
Trade debtors
EUR 11,074,150.21
Amounts due from related companies
EUR 5,035,713.87
Other debtors and assets
EUR 2,669,192.99
Liquid means
EUR 3,303,768.25
Remaining other assets
EUR 26,871.66
Accruals (assets)
EUR 26,871.66
LIABILITIES EUR 42,392,155.48
Shareholders' equity
EUR 19,115,361.82
Capital
EUR 18,656,553.82
Limited partner's capital / capital
of partially liable partner (LP)
EUR 18,656,553.82
Limited partner's capital, fixed
capital, capital account I
EUR 25,400,000.00
- Loss brought forward account
EUR 6,743,446.18
Third party shares (+/-)
EUR 458,808.00
Items between shareholders' equity and
debt capital
EUR 0.00
Provisions
EUR 4,055,283.50
Pension provisions and comparable
provisions
EUR 679,783.11
Other / unspecified provisions
EUR 3,375,500.39
Liabilities
EUR 19,221,510.16
Financial debts
EUR 9,751,461.37
Liabilities due to banks
EUR 9,751,461.37
Other liabilities
EUR 9,470,048.79
Trade creditors (for IAS incl. bills
of exchange) EUR 2,993,476.58
Liabilities from received advance
payments
EUR 3,364,183.54
Liabililties due to related companiesEUR 33,081.19
Liabilities due to investee companiesEUR 79,035.55
Unspecified other liabilities
EUR 3,000,271.93
Guarantees and other commitments
EUR 18,815,000.00
Discounted bills of exchange
EUR 6,399,000.00
Guarantees / warranties EUR 12,416,000.00
Guarantees
EUR 6,399,000.00
Warranties
EUR 6,017,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 11,853,700.11
Inventory change + own costs (+/-)
EUR -578,334.70
Inventory change (+/-)
EUR -580,263.78
Capitalised own costs
EUR 1,929.08
Other operating income
EUR 1,855,908.41
Cost of materials
EUR 5,185,176.99
Raw materials and supplies, purchased
goods
EUR 4,351,538.78
Purchased services
EUR 833,638.21
Gross result (+/-)
EUR 7,946,096.83
Staff expenses
EUR 2,487,135.94
Wages and salaries
EUR 2,057,146.25
Social security contributions and
expenses for pension plans and
benefits
EUR 429,989.69
Total depreciation
EUR 148,281.09
Depreciation on tangible / intangible
asssets
(incl. start-up and exp. of
bus.
EUR 148,281.09
Other operating expenses
EUR 4,369,251.04
Operating result from continuing
operations
EUR 941,428.76
Result from participating interests
(+/-)
EUR -46,068.96
Expenses for participations
EUR 46,068.96
Expenses for other participations
EUR 46,068.96
Interest
result (+/-) EUR 37,016.84
Interest and similar income
EUR 195,110.18
Interest and similar expenses
EUR 158,093.34
Other financial result
EUR -49,999.00
Depreciation on financial assets and
marketable securities
EUR 49,999.00
Financial result (+/-)
EUR -59,051.12
Result from ordinary operations (+/-)
EUR 882,377.64
Expenses for transfer of profits to a
parent company
EUR 110,407.00
Income tax / refund of income tax (+/-)EUR 3,890.09
Other taxes / refund of taxes
EUR -11,916.58
Tax (+/-) EUR -8,026.49
Annual surplus / annual deficit
EUR 763,944.15
The company exercised the option not to
publish its balance for 2011 and is
included in the annual financial statement of Mayer Verwaltungsgesellschaft mbh, Albstadt.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
|
UK Pound |
1 |
Rs.101.35 |
|
Euro |
1 |
Rs.79.86 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SHG |
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.