MIRA INFORM REPORT

 

 

Report Date :

20.02.2014

 

IDENTIFICATION DETAILS

 

Name :

STRAUSS INNOVATION GMBH & CO. KG

 

 

Registered Office :

Raiffeisenstr. 16 D 40764 Langenfeld

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012

 

 

Year of Establishment :

1902

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :
  • Non-specialized sale of food, beverages and tobacco
  • Retail sale of miscellaneous goods, specializing in non-food goods
  • Retail sale of clothing

 

 

No of Employees :

1401 (Thereof permanent staff: 1310, Temporary workers: 91)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Delayed

 

 

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 – december 01, 2013

 

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

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

 

 

COMPANY NAME & ADDRESS

 

Strauss INNOVATION GmbH & Co. KG

 

Raiffeisenstr. 16

D 40764 Langenfeld

Telephone:02173/990001

Telefax:  02173/992390

Homepage: www.strauss-innovation.de

E-mail:   info@strauss-innovation.de

 

 

Company Status     

 

Active

 

 

VAT no           

 

DE121382203

 

 

Tax ID number

 

135/5954/0340

 

 

CONCLUSION

 

 Business relations on credit basis are not permissible.

 

 

Summary

 

 LEGAL FORM              Ltd partnership with priv. ltd. company as general partner

 Date of foundation:      1902

 Registered on:              12.07.1965

 Register of companies: Local court 40227 Düsseldorf

 under:                           HRA 16097

 

 Total cap. contribution:  EUR          7,600,000.00

 

 Limited partner:

 

                      Walzer B.V.

                      World Trade Center Shiphol,

                      H-Tower, Floor 4, Boulevard

                      NL 1118 BJ Shiphol

                      Legal form: Other legal form

                      Share:             EUR          7,600,000.00

 

 General partner:

                      Strauss INNOVATION Verwaltungs GmbH

                      Raiffeisenstr. 16

                      D 40764 Langenfeld

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered on: 11.03.2008

                      Reg. data: 40227 Düsseldorf, HRB 58361

 

 Shareholder:

                      Stauss Holding B.V.

                      NL - Amsterdam

                      Legal form: Other legal form

                      Share:             EUR             26,000.00

 

 Manager:

                      Uwe Gramminger

                      Steinauer Str. 73a

                      D 40721 Hilden

                      born: 31.12.1962

                      Marital status: married

 

 Manager:

                      Paula Minowa

                      GB - Farnheim,Surrey

                      born: 09.09.1966

                      Nationality: British

 

 Manager:

                      Gary Temple

                      GB  Caxton Cambridgeshire

                      born: 20.05.1967

                      Nationality: British

 

 Proxy:

                      Andre Gerber

                      D 40764 Langenfeld

                      authorized to jointly represent the company

                      born: 15.07.1972

 

 

COMPANY HISTORY

 

 1902 - 27.05.1994 Geschw. Strauss GmbH & Co.

                             Raiffeisenstr. 17-18

                             D 40764 Langenfeld

                             Partnership under the Civil Code

 

 27.05.1994 - 08.10.2012  Strauss INNOVATION GmbH

                                        Raiffeisenstr. 17-18

                                        D 40764 Langenfeld

                                        Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 08.10.2012 - 26.11.2012 General partner

                                      Strauss INNOVATION Berlin Verwaltungs

                                      GmbH

                                      D 40764 Langenfeld

 08.10.2012 - 26.11.2012 General partner

                                       INNOVATIONS-CLUB Verwaltungs GmbH

                                       D 40764 Langenfeld

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

47111   Non-specialized sale of food, beverages and tobacco

47192   Retail sale of miscellaneous goods, specializing in non-food goods

47710   Retail sale of clothing

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Venloer Str. 301-303

                      D 50823 Köln

                      TEL.: 0221/5109168-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Hohenzollernring 62

                      D 50672 Köln

                      TEL.: 0221/925842-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Karolingerring 4-8

                      D 50678 Köln

                      TEL.: 0221/931853-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Friedrichstr. 61c

                      D 40217 Düsseldorf

                      TEL.: 0211/38621-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Hochstr. 56

                      D 47798 Krefeld

                      TEL.: 02151/8136-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Mittelstr. 101-103

                      D 40721 Hilden

                      TEL.: 02103/9839-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Benderstr. 5

                      D 40625 Düsseldorf

                      TEL.: 0211/92805-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Niehler Str. 302-304

                      D 50735 Köln

                      TEL.: 0221/971431-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Gumbertstr. 152

                      D 40229 Düsseldorf

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Breite Str. 110

                      D 50667 Köln

                      TEL.: 0221/2725585-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Niederstr. 12

                      D 41460 Neuss

                      TEL.: 02131/1627-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Wiesdorfer Platz 4

                      D 51373 Leverkusen

                      TEL.: 0214/2069588-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Windhövel 1

                      D 42781 Haan

                      TEL.: 02129/9383-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Tübinger Str. 11

                      D 70178 Stuttgart

                      TEL.: 0711/2371947-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Schadowstr. 48-50

                      D 40212 Düsseldorf

                      TEL.: 0211/1752070-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Koblenzer Str. 63

                      D 53173 Bonn

                      TEL.: 0228/95681-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Hauptstr. 21

                      D 40597 Düsseldorf

                      TEL.: 0211/97140-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Kortumstr. 95

                      D 44787 Bochum

                      TEL.: 0234/9761997-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      In der Sürst 1

                      D 53111 Bonn

                      TEL.: 0228/98361-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Hauptstr. 164-166

                      D 51465 Bergisch Gladbach

                      TEL.: 02202/29303-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Harkortstr. 98

                      D 44225 Dortmund

                      TEL.: 0231/792233-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Hans-Böckler-Platz 1-19

                      D 45468 Mülheim

                      TEL.: 0208/30826-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Bechemer Str. 38-40

                      D 40878 Ratingen

                      TEL.: 02102/2091-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Stresemannstr. 1-7 Galerie am

                      Marienplatz

                      D 41236 Mönchengladbach

                      TEL.: 02166/6298-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Schwarzbachstr. 8-26

                      Neandertalpassage

                      D 40822 Mettmann

                      TEL.: 02104/92001-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Hauptstr. 110

                      D 40764 Langenfeld

                      TEL.: 02173/984199-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Holzheimer Weg 44

                      D 41464 Neuss

                      TEL.: 02131/74029-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Niederstr. 89-91

                      D 47829 Krefeld

                      TEL.: 02151/44461-10

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Adalbertstr. 85 Stiftstraße

                      D 52062 Aachen

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Aachener Str. 70  Suitbertstr.

                      123

                      D 40223 Düsseldorf

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Nordstr. 13

                      D 40477 Düsseldorf

                      TEL.: 0211/4919694-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Homberger Str. 34-34a

                      D 47441 Moers

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Porscheplatz 70-72 City-Center

                      D 45127 Essen

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Hauptstr. 124-126

                      D 50226 Frechen

                      TEL.: 02234/9288-601

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Kölner Landstr. 437-441

                      Falkenberg-Center

                      D 40589 Düsseldorf

                      TEL.: 0211/98867-01

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Ludgeristr. 54

                      D 48143 Münster

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Wolfgang-Brumme-Allee 25

                      D 71034 Böblingen

                      TEL.: 07031/41008-601

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Herzogstr. 21

                      D 42103 Wuppertal

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Bahnhofstr. 18

                      D 73728 Esslingen

                      TEL.: 0711/3105809-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Kunibertistr. 34

                      D 45657 Recklinghausen

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Stechbahn 2-8

                      D 47533 Kleve

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Kölner Str. 40 Coens Center

                      D 41515 Grevenbroich

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Zeil 47-49

                      D 60313 Frankfurt

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Ostenhellweg 32-34

                      D 44135 Dortmund

                      TEL.: 0231/5897999-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Rathausmarkt 181

                      D 41747 Viersen

                      TEL.: 02162/817079-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Daimlerstr. 69

                      D 70372 Stuttgart

                      TEL.: 0711/9005195-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Kaiserstr. 6

                      D 60311 Frankfurt

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Wiener Platz 1

                      D 51065 Köln

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Werth 55-61

                      D 42275 Wuppertal

                      TEL.: 0202/317488-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Waisenhausstr. 2

                      D 61348 Bad Homburg

                      TEL.: 06172/681888-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Königstr. 28 Passage-Königsbau

                      D 70173 Stuttgart

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Moritzstr. 17

                      D 85049 Ingolstadt

                      TEL.: 0841/142809-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Bahnhofstr. 8

                      D 86150 Augsburg

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Eisenbahnstr. 19

                      D 67655 Kaiserslautern

                      TEL.: 0631/3615889-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Simeonstr. 15

                      D 54290 Trier

                      TEL.: 0651/4604971

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Holzgasse 4-20

                      D 53721 Siegburg

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Münchener Str. 27

                      D 83022 Rosenheim

                      TEL.: 08031/807478-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Richard-Wagner-Str. 4-6

                      D 95444 Bayreuth

                      TEL.: 0921/1509113-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Kaiserstr. 205

                      D 76133 Karlsruhe

                      TEL.: 0721/8244698-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Königsstr. 8

                      D 93047 Regensburg

                      TEL.: 0941/5957489-0

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Flinger Str. 11

                      D 40213 Düsseldorf

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Emsstr. 29-33

                      D 48431 Rheine

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Elisabethenstr. 10

                      D 64283 Darmstadt

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Straussplatz 1

                      D 42697 Solingen

                      TEL.: 0212/221440

 Branch:

                      Strauss INNOVATION GmbH & Co. KG

                      Friedrich-Ebert-Str. 31

                      D 25421 Pinneberg

 

FINANCIAL INFORMATION

 

Payment experience:  negative information

 

Negative information: We have no negative information at hand.

 

Balance sheet year:  2012

 

 

REAL ESTATE

 

 Type of ownership: Tenant

 Address                  Raiffeisenstr. 16

                                D 40764 Langenfeld

 

 Real Estate of:         Strauss INNOVATION Verwaltungs GmbH

 Type of ownership:   Tenant

 Address                    Raiffeisenstr. 16

                                  D 40764 Langenfeld

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 COMMERZBANK, 50447 KÖLN

 Sort. code: 37040044

 BIC: COBADEFF370

 

 Further banks

 

 DEUTSCHE BANK, 50587 KÖLN

 Sort. code: 37070060

 BIC: DEUTDEDKXXX

 COMMERZBANK VORMALS DRESDNER BANK, 40002 DÜSSELDORF

 Sort. code: 30080000

 BIC: DRESDEFF300

 STADTSPARKASSE DÜSSELDORF, 40001 DÜSSELDORF

 Sort. code: 30050110

 BIC: DUSSDEDDXXX

 LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE NL. DÜSSELDORF, 40019

 DÜSSELDORF

 Sort. code: 30050000

 BIC: WELADEDDXXX

FINANCIAL FIGURES

 

 Turnover:            2012               EUR        168,481,872.00

 Profit:              2012               EUR         -7,091,175.00

 Equipment:                              EUR          2,487,357.00

 Ac/ts receivable:                       EUR          2,990,217.00

 Liabilities:                            EUR         26,484,227.00

 Employees:                                                  1,401

 - thereof permanent staff:                                  1,310

 - Temporary workers:                                           91

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                             9.62

 Liquidity ratio:                                0.14

 Return on total capital [%]:           -15.07

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                            -9.38

 Liquidity ratio:                                0.09

 Return on total capital [%]:           -18.71

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                             2.91

 Liquidity ratio:                                0.10

 Return on total capital [%]:           -11.21

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                           10.99

 Liquidity ratio:                                0.41

 Return on total capital [%]:           -38.26

 

 

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:                                 01.01.2012 - 31.12.2012

 

 ASSETS                                  EUR         37,422,956.58

  Fixed assets                           EUR          5,316,717.97

   Intangible assets                     EUR            137,069.00

    Concessions, licences, rights        EUR            137,069.00

   Tangible assets                       EUR          4,779,898.97

    Land / similar rights                EUR          2,251,329.00

    Other tangible assets / fixtures and

    fittings                             EUR          2,487,357.27

    Advance payments made / construction

    in progress                          EUR             41,212.70

   Financial assets                      EUR            399,750.00

    Other loans                          EUR            399,750.00

  Current assets                         EUR         31,943,497.92

   Stocks                                EUR         23,448,117.27

    Raw materials, consumables and

    supplies                             EUR             90,800.00

    Finished goods / work in progress    EUR         23,357,317.27

   Accounts receivable                   EUR          2,990,217.15

    Trade debtors                        EUR          1,157,284.19

    Other debtors and assets             EUR          1,832,932.96

   Liquid means                          EUR          5,505,163.50

  Remaining other assets                 EUR            162,740.69

   Accruals (assets)                     EUR            162,740.69

 

 LIABILITIES                             EUR         37,422,956.58

  Shareholders' equity                   EUR          3,596,318.13

   Capital                               EUR          3,596,318.13

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR          3,596,318.13

  Provisions                             EUR          6,432,800.00

   Other / unspecified provisions        EUR          6,432,800.00

  Liabilities                            EUR         26,484,227.25

   Financial debts                       EUR          6,194,156.22

    Liabilities due to banks             EUR          6,194,156.22

   Other liabilities                     EUR         20,290,071.03

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR         16,914,528.82

    Liabililties due to related companiesEUR             15,626.36

    Unspecified other liabilities        EUR          3,359,915.85

     thereof liabilities from tax /

     financial authorities               EUR          2,316,850.91

     thereof liabilities from social

     security                            EUR              1,961.90

  Other liabilities                      EUR            909,611.20

   Deferrals (liabilities)               EUR            909,611.20

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)

 

  Sales                                  EUR        168,481,871.83

  Inventory change + own costs (+/-)     EUR             82,987.75

   Capitalised own costs                 EUR             82,987.75

  Other operating income                 EUR          3,426,435.35

  Cost of materials                      EUR         92,555,314.48

   Raw materials and supplies, purchased

   goods                                 EUR         88,301,101.25

   Purchased services                    EUR          4,254,213.23

  Gross result (+/-)                     EUR         79,435,980.45

  Staff expenses                         EUR         37,975,650.17

   Wages and salaries                    EUR         31,694,480.95

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          6,281,169.22

  Total depreciation                     EUR          1,255,967.03

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          1,255,967.03

  Other operating expenses               EUR         45,533,260.04

  Operating result from continuing

  operations                             EUR         -5,328,896.79

  Interest result (+/-)                  EUR           -308,711.32

   Interest and similar expenses         EUR            308,711.32

  Financial result (+/-)                 EUR           -308,711.32

  Result from ordinary operations (+/-)  EUR         -5,637,608.11

  Extraordinary expenses                 EUR          1,452,369.21

  Extraordinary result (+/-)             EUR         -1,452,369.21

  Income tax / refund of income tax (+/-)EUR             -1,197.82

  Tax (+/-)                              EUR             -1,197.82

  Annual surplus / annual deficit        EUR         -7,091,175.14

 

 Type of balance sheet:               Company balance sheet

 

 Financial year:      01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR         17,625,411.24

  Fixed assets                           EUR          1,523,010.23

   Tangible assets                       EUR          1,523,010.23

    Land / similar rights                EUR            499,759.00

    Other tangible assets / fixtures and

    fittings                             EUR            894,374.27

    Advance payments made / construction

    in progress                          EUR            128,876.96

  Current assets                         EUR         14,582,731.45

   Stocks                                EUR         10,876,134.07

    Finished goods / work in progress    EUR         10,876,134.07

   Accounts receivable                   EUR          1,073,415.59

    Trade debtors                        EUR            208,845.61

    Amounts due from related companies   EUR            160,293.16

    Other debtors and assets             EUR            704,276.82

   Liquid means                          EUR          2,633,181.79

  Remaining other assets                 EUR          1,519,669.56

   Deficit not covered by shareholders'

   equity                                EUR          1,519,669.56

 

 LIABILITIES                             EUR         17,625,411.24

  Provisions                             EUR          2,606,800.00

   Other / unspecified provisions        EUR          2,606,800.00

  Liabilities                            EUR         14,457,231.37

   Financial debts                       EUR          1,850,282.30

    Liabilities due to banks             EUR          1,850,282.30

   Other liabilities                     EUR         12,606,949.07

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          1,752,618.03

    Liabililties due to related companiesEUR          9,054,111.34

    Unspecified other liabilities        EUR          1,800,219.70

  Other liabilities                      EUR            561,379.87

   Deferrals (liabilities)               EUR            561,379.87

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)

 

  Sales                                  EUR        115,548,248.30

  Inventory change + own costs (+/-)     EUR              9,179.00

   Capitalised own costs                 EUR              9,179.00

  Other operating income                 EUR          2,645,238.76

  Cost of materials                      EUR         68,321,001.40

   Raw materials and supplies, purchased

   goods                                 EUR         68,321,001.40

  Gross result (+/-)                     EUR         49,881,664.66

  Staff expenses                         EUR         18,988,117.82

   Wages and salaries                    EUR         15,711,210.24

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          3,276,907.58

  Total depreciation                     EUR            639,761.70

   Depreciation on tangible / intangible

   assets (incl. start-up and exp. of

   bus.                                  EUR            639,761.70

  Other operating expenses               EUR         33,296,945.53

  Operating result from continuing

  operations                             EUR         -3,043,160.39

  Interest result (+/-)                  EUR             29,097.85

   Interest and similar income           EUR             29,319.85

   Interest and similar expenses         EUR                222.00

  Financial result (+/-)                 EUR             29,097.85

  Result from ordinary operations (+/-)  EUR         -3,014,062.54

  Annual surplus / annual deficit        EUR         -3,014,062.54

 

 

Information from the press of 30.01.2014

On 30.01.2014 this company applied at the local court for insolvency protection proceedings. With this application the management of Strauss notified the imminent insolvency.

 

After the opening of the process there is a time frame of 3 months to create an insolvency plan in order to reconstruct the company.

 

The management will remain the same but it will be controlled by an administrator who is appointed by the Court.

 

The company and its 96 branches will continue the business.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 62.12

UK Pound

1

Rs. 103.93

Euro

1

Rs. 85.16

 

 

INFORMATION DETAILS

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.