MIRA INFORM REPORT
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Report Date : |
27.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
KARL MAYER TEXTILMASCHINENFABRIK GMBH |
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Registered Office : |
Brühlstr. 25, D 63179 Obertshausen, Post Box 11 20, D 63166
Obertshausen |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Year of Establishments: |
1937 |
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Com. Reg. No.: |
HRB 2203 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer of machinery for textile, apparel and leather
production |
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No. of Employees : |
1,128 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
KARL MAYER Textilmaschinenfabrik GmbH
Brühlstr. 25
D 63179 Obertshausen
Post Box:
11 20, D 63166 Obertshausen
Telephone: 06104/4020
Telefax: 06104/402600
Homepage: www.karlmayer.com
E-mail: info@karlmayer.com
DE113563493
active
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1937
Shareholders'
agreement: 26.10.1949
Registered on: 01.12.1949
Commercial Register: Local
court 63065 Offenbach
under: HRB 2203
Share capital: EUR 15,000,000.00
KARL MAYER Verwaltungsgesellschaft mbH
Brühlstr. 25
D 63179 Obertshausen
Legal form: Private limited company
Share capital: EUR 4,000,000.00
Share: EUR 14,100,000.00
Registered on: 19.12.2005
Reg. data: 63065 Offenbach, HRB 42030
Shareholder:
KARL
MAYER Vermögensverwaltungs GmbH & Co.
KG
Brühlstr. 25
D
63179 Obertshausen
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 100.00
contribution:
Share: EUR 900,000.00
Registered on: 18.05.2005
Reg.
data: 63065 Offenbach, HRA 40507
Arno Karl Heinz Gärtner
Alemannenring 35
D 63791 Karlstein
authorized to jointly represent the company
born: 31.01.1968
Profession: graduate engineer
Marital status: unknown
Manager:
Dr.
Helmut Preßl
D
63263 Neu-Isenburg
authorized to jointly represent the company
born:
03.08.1963
Marital status: unknown
Further
functions/participations of Arno Karl Heinz Gärtner (Manager)
Manager:
KARL
MAYER Holding Verwaltungs GmbH
Brühlstr. 25
D
63179 Obertshausen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 01.11.2005
Reg.
data: 63065 Offenbach, HRB 41935
Manager:
KARL
MAYER Malimo Textilmaschinenfabrik GmbH
Mauersbergerstr. 2
D
09117 Chemnitz
Legal
form: Private limited company
Share capital: EUR 5,200,000.00
Registered
on: 07.10.1997
Reg.
data: 09112 Chemnitz, HRB 14782
Manager:
KARL
MAYER Verwaltungsgesellschaft mbH
Brühlstr. 25
D
63179 Obertshausen
Legal
form: Private limited company
Share
capital: EUR 4,000,000.00
Registered
on: 19.12.2005
Reg.
data: 63065 Offenbach, HRB 42030
Further
functions/participations of Dr. Helmut Preßl (Manager)
Manager:
KARL
MAYER Verwaltungsgesellschaft mbH
Brühlstr.
25
D
63179 Obertshausen
Legal
form: Private limited company
Share
capital: EUR 4,000,000.00
Registered
on: 19.12.2005
Reg. data: 63065 Offenbach, HRB 42030
Manager:
KARL
MAYER Holding Verwaltungs GmbH
Brühlstr. 25
D
63179 Obertshausen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 01.11.2005
Reg.
data: 63065 Offenbach, HRB 41935
05.01.2012 -
09.07.2013 President of the Board of
Management
Fritz Peter Mayer
D 60528 Frankfurt
Main industrial sector
28940 Manufacture of machinery for textile,
apparel and leather production
Secondary industrial sector
96090 Other service activities n. e. c.
Shareholder:
KARL
MAYER Malimo Textilmaschinenfabrik GmbH
Mauersbergerstr. 2
D 09117
Chemnitz
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 5,200,000.00
Share: EUR 5,200,000.00
Reg. data: 07.10.1997
Local court 09112 Chemnitz
HRB 14782
Payment experience: within
periods customary in this trade
Negative information: We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: proprietor
Share: 100.00 %
Address Brühlstr.
25
D 63179 Obertshausen
Type of real estate: residential
and business location
Land register documents
were not available.
Principal bank
DEUTSCHE BANK, OFFENBACH AM MAIN
Sort. code: 50570018, Account no.: 1048958, BIC: DEUTDEFF505
Further bank
COMMERZBANK, OFFENBACH AM MAIN
Sort. code: 50540028, Account no.: 4418000, BIC: COBADEFF505
Turnover: 2012 EUR 490,000,000.00
Equipment: EUR 5,596,695.00
Ac/ts receivable: EUR 54,134,460.00
Liabilities: EUR 32,114,742.00
Employees:
1,128
-
thereof permanent staff: 1,054
-
Trainees: 74
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 69.01
Liquidity ratio: 10.00
Return on total capital [%]: 16.15
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 73.08
Liquidity ratio: 10.00
Return on total capital [%]: 6.69
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 75.95
Liquidity ratio: 10.00
Return on total capital [%]: -8.28
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 74.68
Liquidity ratio: 10.00
Return on total capital [%]: -9.03
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 353,366,237.89
Fixed assets
EUR 76,504,952.24
Intangible assets
EUR 2,090,965.05
Concessions, licences, rights
EUR 1,850,965.00
Advance payments for intang. assets
EUR 240,000.05
Tangible assets
EUR 51,943,533.07
Land / similar rights
EUR 39,614,785.01
Plant / machinery
EUR 6,236,897.00
Other tangible assets / fixtures and
fittings
EUR 5,596,695.13
Advance payments made / construction
in progress
EUR 495,155.93
Financial assets
EUR 22,470,454.12
Shares in participations /
subsidiaries and the like
EUR 21,818,009.73
Shares in related companies
EUR 21,818,009.73
Loans to participations /
subsidiaries and the like
EUR 600,000.00
Loans to related companies
EUR 600,000.00
Other loans
EUR 52,444.39
Current assets
EUR 275,605,311.42
Stocks
EUR 93,336,380.43
Raw materials, consumables and
supplies
EUR 29,359,604.15
Finished goods / work in progress
EUR 63,801,913.70
Advance payments made
EUR 174,862.58
Accounts receivable
EUR 54,134,459.64
Trade debtors
EUR 21,009,922.21
Amounts due from related companies
EUR 32,274,336.09
Other debtors and assets
EUR 850,201.34
Investments in current assets
EUR 1,698,810.40
Liquid means
EUR 126,435,660.95
Remaining other assets EUR 1,255,974.23
Accruals (assets)
EUR 131,147.42
Deferred taxes (assets)
EUR 1,124,826.81
LIABILITIES EUR 353,366,237.89
Shareholders'
equity EUR 243,098,203.39
Capital
EUR 15,000,000.00
Subscribed capital (share capital)
EUR 15,000,000.00
Reserves
EUR 150,676,876.00
Capital reserves
EUR 36,448,745.56
Retained earnings / revenue reserves EUR 114,228,130.44
Balance sheet profit/loss (+/-)
EUR 77,421,327.39
Profit / loss brought forward
EUR 20,542,892.51
Annual surplus / annual deficit
EUR 56,878,434.88
Provisions
EUR 77,589,624.53
Pension provisions and comparable
provisions
EUR 11,999,318.00
Provisions for taxes
EUR 11,245,280.53
Other / unspecified provisions
EUR 54,345,026.00
Liabilities
EUR 32,114,741.58
Other liabilities
EUR 32,114,741.58
Trade creditors (for IAS incl. bills
of exchange)
EUR 6,198,149.08
Liabilities from received advance
payments
EUR 10,969,957.88
Liabililties due to related companiesEUR 13,610,440.95
Unspecified other liabilities
EUR 1,336,193.67
thereof liabilities from social
security
EUR 47,938.58
Other liabilities
EUR 563,668.39
Deferrals (liabilities)
EUR 563,668.39
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 489,835,465.52
Inventory
change + own costs (+/-) EUR 11,062,250.04
Inventory change (+/-)
EUR 10,804,416.69
Capitalised own costs
EUR 257,833.35
Other operating income
EUR 9,978,243.85
Cost of materials
EUR 281,490,725.62
Raw materials and supplies, purchased
goods
EUR 190,197,068.18
Purchased services
EUR 91,293,657.44
Gross
result (+/-) EUR 229,385,233.79
Staff expenses
EUR 87,530,413.50
Wages and salaries
EUR 75,445,916.56
Social security contributions and
expenses for pension plans and
benefits
EUR 12,084,496.94
Total depreciation
EUR 5,456,193.92
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 5,456,193.92
Other operating expenses
EUR 56,173,483.59
Operating result from continuing
operations
EUR 80,225,142.78
Result from participating interests
(+/-) EUR -2,496,793.34
Expenses for participations
EUR 2,496,793.34
Expenses for other participations
EUR 2,496,793.34
Interest result (+/-)
EUR 749,561.75
Interest and similar income
EUR 1,863,475.11
thereof from related companies
EUR 198,203.47
Interest and similar expenses
EUR 1,113,913.36
Other financial result
EUR 11,364.92
Income from securities and loans from
financial assets
EUR 17,797.52
thereof related companies
EUR 14,811.33
Depreciation on financial assets and
marketable securities EUR 6,432.60
Financial result (+/-)
EUR -1,735,866.67
Result from ordinary operations (+/-)
EUR 78,489,276.11
Income tax / refund of income tax (+/-)EUR -21,610,841.23
Tax
(+/-) EUR -21,610,841.23
Annual surplus / annual deficit
EUR 56,878,434.88
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 263,929,701.63
Fixed assets
EUR 77,411,161.57
Intangible assets
EUR 1,694,917.00
Concessions, licences, rights
EUR 1,577,917.00
Advance payments for intang. assets
EUR 117,000.00
Tangible assets
EUR 53,063,756.12
Land / similar rights
EUR 41,061,707.32
Plant / machinery
EUR 7,075,837.00
Other
tangible assets / fixtures and
fittings
EUR 4,368,578.91
Advance payments made / construction
in progress
EUR 557,632.89
Financial assets
EUR 22,652,488.45
Shares in participations /
subsidiaries and the like
EUR 21,818,009.73
Shares in related companies
EUR 21,818,009.73
Loans to participations /
subsidiaries and the like
EUR 800,000.00
Loans to related companies
EUR 800,000.00
Other loans
EUR 34,478.72
Current assets
EUR 177,342,872.50
Stocks EUR 77,083,718.95
Raw materials, consumables and
supplies
EUR 24,061,513.67
Finished goods / work in progress
EUR 52,943,881.62
Advance payments made
EUR 78,323.66
Accounts receivable
EUR 55,951,483.52
Trade debtors
EUR 15,544,597.34
Amounts due from related companies
EUR 39,015,318.95
Other debtors and assets EUR 1,391,567.23
Investments in current assets
EUR 1,775,760.00
Liquid means
EUR 42,531,910.03
Remaining other assets
EUR 9,175,667.56
Accruals (assets) EUR 65,894.00
Deferred taxes (assets)
EUR 9,109,773.56
LIABILITIES EUR 263,929,701.63
Shareholders' equity
EUR 186,219,768.51
Capital
EUR 15,000,000.00
Subscribed capital (share capital)
EUR 15,000,000.00
Reserves
EUR 150,676,876.00
Capital reserves
EUR 36,448,745.56
Retained earnings / revenue reserves EUR 114,228,130.44
Balance sheet profit/loss (+/-)
EUR 20,542,892.51
Profit / loss brought forward
EUR 3,506,039.45
Annual surplus / annual deficit
EUR 17,036,853.06
Provisions
EUR 39,440,913.00
Pension provisions and comparable
provisions
EUR 12,159,820.00
Provisions for taxes
EUR 2,010,330.00
Other / unspecified provisions
EUR 25,270,763.00
Liabilities
EUR 37,894,788.87
Financial debts
EUR 196,642.82
Liabilities due to banks
EUR 196,642.82
Other liabilities
EUR 37,698,146.05
Trade creditors (for IAS incl. bills
of exchange)
EUR 6,427,684.98
Liabilities from received advance
payments EUR 14,039,799.81
Liabililties due to related companiesEUR 15,970,528.17
Unspecified other liabilities
EUR 1,260,133.09
thereof liabilities from social
security
EUR 0.00
Other liabilities
EUR 374,231.25
Deferrals (liabilities)
EUR 374,231.25
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 232,182,368.78
Inventory change + own costs (+/-)
EUR 27,424,838.37
Inventory change (+/-)
EUR 26,989,357.36
Capitalised own costs
EUR 435,481.01
Other
operating income EUR 8,102,846.19
Cost of materials
EUR 148,794,956.03
Raw materials and supplies, purchased
goods
EUR 107,100,213.04
Purchased services
EUR 41,694,742.99
Gross result (+/-)
EUR 118,915,097.31
Staff expenses
EUR 65,468,447.71
Wages and salaries
EUR 53,850,454.00
Social
security contributions and
expenses for pension plans and
benefits
EUR 11,617,993.71
Total depreciation
EUR 5,651,252.69
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 5,651,252.69
Other operating expenses
EUR 27,000,631.32
Operating result from continuing
operations
EUR 20,794,765.59
Result from participating interests
(+/-)
EUR 1,818,388.73
Expenses / income from participations EUR 5,109,213.71
Income from related companies
EUR 5,109,213.71
Expenses for participations
EUR 3,290,824.98
Expenses for other participations
EUR 3,290,824.98
Interest result (+/-)
EUR 743,582.27
Interest and similar income
EUR 1,759,489.12
thereof from related companies
EUR 178,273.46
Interest and similar expenses
EUR 1,015,906.85
thereof paid to related companies
EUR 0.00
Other financial result
EUR 2,074.20
Income from securities and loans from
financial assets
EUR 2,074.20
Financial result (+/-)
EUR 2,564,045.20
Result from ordinary operations (+/-)
EUR 23,358,810.79
Extraordinary
result (+/-) EUR -1,102,797.00
Income tax / refund of income tax (+/-)EUR -5,219,160.73
Tax
(+/-)
EUR -5,219,160.73
Annual surplus / annual deficit
EUR 17,036,853.06
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
UK Pound |
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.85.09 |
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.