MIRA INFORM REPORT
|
Report Date : |
27.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MÄRSCH IMPORTHANDELS-GMBH |
|
|
|
|
Registered Office : |
Boschstr. 23, D 89079 Ulm, Post Box 30 40, D 89020 Ulm |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
25.07.2002 |
|
|
|
|
Com. Reg. No.: |
HRB 4567 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Engaged in Developing,
Procuring, Refining, Producing and Supplying all Natural Products of Nuts, Dried Fruits & Seeds |
|
|
|
|
No. of Employees : |
89 |
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 |
|
|
|
|
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 |
|
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 |
Märsch Importhandels-GmbH
Boschstr. 23
D 89079 Ulm
Post Box:
30 40, D 89020 Ulm
Telephone: 0731/4930
Telefax: 0731/493100
Homepage: www.maerschimport.de
E-mail: info@maerschimport.de
DE813475171
Active
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 2002
Shareholders'
agreement: 23.07.2002
Registered on: 25.07.2002
Commercial Register: Local
court 89073 Ulm
under: HRB 4567
Share capital:
EUR 2,000,000.00
Märsch GbR
D 89079 Ulm
Legal form: Partnership under the Civil Code
Share: EUR 2,000,000.00
Johannes Märsch
Wüstenroter Weg 16
OT Söflingen
D 89081 Ulm
authorized to jointly represent the company
born: 19.10.1945
Marital status: married
Manager:
Markus
Märsch
Wüstenroter Weg 16
OT
Söflingen
D
89081 Ulm
having
sole power of representation
born:
02.04.1973
Manager:
Stefan
Philipp Rudhardt
D 89079
Ulm
having
sole power of representation
born:
04.01.1973
Further
functions/participations of Johannes Märsch (Manager)
Limited partner:
Märsch
Beteiligungs-GmbH & Co. Holding KG
Boschstr. 23 OT Donautal
D
89079 Ulm
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 511,291.88
contribution:
Share: EUR 51,129.19
Registered
on: 05.10.1992
Reg.
data: 89073 Ulm, HRA 2573
Limited partner:
feel
good GmbH & Co. KG
Boschstr. 23
D
89079 Ulm
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 11,291.88
contribution:
Share: EUR 11,291.88
Registered
on: 22.01.1993
Reg. data: 89073 Ulm, HRA 2587
Shareholder:
BOI
NUT Trockenfrüchte Verwaltungs GmbH
Boschstr. 23
D
89079 Ulm
Legal
form: Private limited company
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 15.07.1950
Reg.
data: 89073 Ulm, HRB 60
Shareholder:
Märsch
Beteiligungs-GmbH
Boschstr. 23
D
89079 Ulm
Legal
form: Private limited company
Share
capital: EUR 25,564.60
Share: EUR 1,533.88
Registered
on: 13.03.1992
Reg.
data: 89073 Ulm, HRB 2522
Manager:
BOI
NUT Trockenfrüchte Verwaltungs GmbH
Boschstr. 23
D
89079 Ulm
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Registered
on: 15.07.1950
Reg.
data: 89073 Ulm, HRB 60
Further
functions/participations of Markus Märsch (Manager)
Limited partner:
Märsch
Beteiligungs-GmbH & Co. Holding KG
Boschstr. 23 OT Donautal
D
89079 Ulm
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 511,291.88
contribution:
Share: EUR 51,129.19
Registered
on: 05.10.1992
Reg.
data: 89073 Ulm, HRA 2573
Shareholder:
Märsch Beteiligungs-GmbH
Boschstr. 23
D
89079 Ulm
Legal
form: Private limited company
Share
capital: EUR 25,564.60
Share: EUR 1,533.88
Registered
on: 13.03.1992
Reg.
data: 89073 Ulm, HRB 2522
Manager:
BOI
NUT Trockenfrüchte Verwaltungs GmbH
Boschstr. 23
D
89079 Ulm
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Registered
on: 15.07.1950
Reg. data: 89073 Ulm, HRB 60
Engaged in Developing,
Procuring, Refining, Producing and Supplying all Natural Products of Nuts, Dried Fruits & Seeds
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Boschstr. 23
D 89079 Ulm
Land register documents were
not available.
Principal bank
SPARKASSE ULM, ULM, DONAU
Sort. code: 63050000, BIC: SOLADES1ULM
Equipment: EUR 271,715.00
Ac/ts receivable: EUR 20,414,255.00
Liabilities: EUR 26,989,572.00
Employees:
89
-
thereof permanent staff: 89
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 50.05
Liquidity ratio: 0.88
Return on total capital [%]: 8.62
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 44.56
Liquidity ratio: 1.08
Return on total capital [%]: 7.21
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 46.59
Liquidity ratio: 1.12
Return on total capital [%]: 11.29
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 38.84
Liquidity ratio: 1.01
Return on total capital [%]: 9.11
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 54,942,430.82
Fixed assets
EUR 6,717,055.50
Intangible assets
EUR 180,857.00
Concessions, licences, rights
EUR 31,971.00
Goodwill
EUR 148,886.00
Tangible assets
EUR 6,536,198.50
Land / similar rights
EUR 63,026.00
Plant / machinery
EUR 6,199,958.00
Other tangible assets / fixtures and
fittings
EUR 271,715.00
Advance payments made / construction
in progress
EUR 1,499.50
Current assets
EUR 48,136,625.32
Stocks
EUR 24,846,343.56
Raw materials, consumables and
supplies
EUR 1,361,723.00
Finished goods / work in progress
EUR 22,151,861.83
Advance payments made EUR 1,332,758.73
Accounts receivable
EUR 20,414,254.79
Trade debtors
EUR 19,743,885.59
Other debtors and assets
EUR 670,369.20
Liquid
means EUR 2,876,026.97
Remaining other assets
EUR 88,750.00
Accruals (assets)
EUR 88,750.00
LIABILITIES EUR 54,942,430.82
Shareholders' equity
EUR 26,770,122.07
Capital
EUR 2,000,000.00
Subscribed capital (share capital)
EUR 2,000,000.00
Reserves
EUR 24,500,000.00
Retained earnings / revenue reserves EUR 24,500,000.00
Balance sheet profit/loss (+/-)
EUR 270,122.07
Balance sheet profit / loss
EUR 270,122.07
Provisions EUR 1,182,737.00
Provisions for taxes
EUR 344,528.00
Other / unspecified provisions
EUR 838,209.00
Liabilities
EUR 26,989,571.75
Financial debts EUR 17,022,545.00
Liabilities due to banks
EUR 17,022,545.00
Other liabilities
EUR 9,967,026.75
Trade creditors (for IAS incl. bills
of exchange) EUR 571,117.66
Unspecified other liabilities
EUR 9,395,909.09
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 128,860,968.40
Other
operating income EUR 160,998.10
Cost of materials
EUR 110,674,571.05
Raw materials and supplies, purchased
goods
EUR 110,350,908.95
Purchased services
EUR 323,662.10
Gross result (+/-)
EUR 18,347,395.45
Staff expenses
EUR 3,343,329.67
Wages and salaries
EUR 2,821,596.13
Social
security contributions and
expenses for pension plans and
benefits
EUR 521,733.54
Total depreciation
EUR 1,293,475.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,293,475.00
Other operating expenses
EUR 5,756,805.50
Operating result from continuing
operations
EUR 7,953,785.28
Interest result (+/-)
EUR -1,294,155.01
Interest and similar income
EUR 3,230.19
Interest and similar expenses
EUR 1,297,385.20
Financial result (+/-)
EUR -1,294,155.01
Result from ordinary operations (+/-)
EUR 6,659,630.27
Income tax / refund of income tax (+/-)EUR -1,920,251.81
Other taxes / refund of taxes
EUR -15,831.91
Tax
(+/-) EUR
-1,936,083.72
Annual surplus / annual deficit
EUR 4,723,546.55
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 50,846,528.70
Fixed assets
EUR 6,983,618.90
Intangible assets
EUR 182,388.00
Concessions, licences, rights
EUR 6,835.00
Goodwill EUR 175,553.00
Tangible assets
EUR 6,801,230.90
Land / similar rights
EUR 72,250.00
Plant / machinery
EUR 6,276,207.00
Other tangible assets / fixtures and
fittings
EUR 209,114.00
Advance payments made / construction
in progress
EUR 243,659.90
Current assets
EUR 43,737,493.80
Stocks
EUR 14,344,648.41
Raw materials, consumables and
supplies
EUR 1,511,597.00
Finished goods / work in progress
EUR 11,930,991.00
Advance payments made
EUR 902,060.41
Accounts receivable
EUR 27,424,716.74
Trade debtors
EUR 26,955,646.25
Other debtors and assets
EUR 469,070.49
Liquid means
EUR 1,968,128.65
Remaining other assets
EUR 125,416.00
Accruals (assets)
EUR 125,416.00
LIABILITIES EUR 50,846,528.70
Shareholders' equity
EUR 22,046,575.52
Capital
EUR 2,000,000.00
Subscribed capital (share capital)
EUR 2,000,000.00
Reserves
EUR 20,000,000.00
Retained earnings / revenue reserves EUR 20,000,000.00
Balance sheet profit/loss (+/-)
EUR 46,575.52
Balance sheet profit / loss
EUR 46,575.52
Provisions EUR 792,513.00
Other / unspecified provisions
EUR 792,513.00
Liabilities
EUR 28,007,440.18
Financial debts
EUR 15,611,295.00
Liabilities due to banks
EUR 15,611,295.00
Other liabilities
EUR 12,396,145.18
Trade creditors (for IAS incl. bills
of exchange)
EUR 627,899.91
Unspecified other liabilities
EUR 11,768,245.27
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 127,619,985.08
Other operating income
EUR 88,291.83
Cost of materials
EUR 111,336,241.42
Raw materials and supplies, purchased
goods
EUR 110,898,179.19
Purchased services
EUR 438,062.23
Gross result (+/-) EUR 16,372,035.49
Staff expenses
EUR 3,239,480.72
Wages and salaries
EUR 2,732,705.75
Social security contributions and
expenses for pension plans and
benefits EUR 506,774.97
Total depreciation
EUR 1,178,121.79
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,178,121.79
Other operating expenses
EUR 5,612,324.62
Operating result from continuing
operations
EUR 6,342,108.36
Interest result (+/-)
EUR -1,153,431.12
Interest and similar income
EUR 11,299.01
Interest and similar expenses
EUR 1,164,730.13
Financial result (+/-)
EUR -1,153,431.12
Result from ordinary operations (+/-)
EUR 5,188,677.24
Income tax / refund of income tax (+/-)EUR -1,512,317.18
Other taxes / refund of taxes
EUR -14,469.42
Tax
(+/-)
EUR -1,526,786.60
Annual surplus / annual deficit
EUR 3,661,890.64
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.