|
Report Date : |
11.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
DELIUS GMBH |
|
|
|
|
Registered Office : |
Goldstr. 16-18, D 33602 Bielefeld |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
1722 |
|
|
|
|
Com. Reg. No.: |
HRB 30019 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
Manufacture of other textiles [We tried to confirm / obtain the detailed activity but the same is not
available from any sources] |
|
|
|
|
No. of Employees : |
76 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
DELIUS GMBH
Company Status: active
Goldstr. 16-18
D 33602 Bielefeld
Telephone:0521/543-0
Telefax:
0521/543-341
Homepage: www.deliustextiles.de
E-mail: contract@deliustextiles.de
VAT no.: DE184093573
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1722
Shareholders'
agreement: 15.11.1972
Registered on: 06.12.1972
Commercial Register: Local court 33602 Bielefeld
under: HRB 30019
Share capital: EUR 5,112,918.81
Shareholder:
C. A. Delius & Söhne
GmbH & Co KG
Goldstr. 16-18
D 33602 Bielefeld
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 3,149,557.99
contribution:
Share: EUR 5,112,918.81
Registered on: 10.04.1997
Reg. data: 33602 Bielefeld,
HRA 8204
Manager:
Rudolf Delius
D 33615 Bielefeld
born: 24.02.1953
Profession: Businessman
Property regime:
Separation of property
Marital status: married
Manager:
Friedrich-Wilhelm Delius
D 33615 Bielefeld
born: 19.03.1953
Profession: Fully
qualified merchant
Marital status: married
Further
functions/participations of Rudolf Delius (Manager)
Limited
partner:
C. A. Delius & Söhne
GmbH & Co KG
Goldstr. 16-18
D 33602 Bielefeld
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 3,149,557.99
contribution:
Share: EUR 286,323.45
Registered
on: 10.04.1997
Reg. data: 33602 Bielefeld, HRA 8204
Limited
partner:
Eduard und Christa GmbH
& Co. KG
Albrecht-Delius-Weg 3
D 33615 Bielefeld
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 100.00
contribution:
Share: EUR 20.00
Registered
on: 02.11.2012
Reg. data: 33602 Bielefeld, HRA 15886
Shareholder:
Rudolf Delius
GmbH
Albrecht-Delius-Weg 3
D 33615 Bielefeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 02.11.2012
Reg. data: 33602 Bielefeld, HRB 40865
Shareholder:
Delius Verwaltungs GmbH
Goldstr. 16-18
D 33602 Bielefeld
Legal form: Private
limited company
Share capital: EUR 25,615.72
Share: EUR 2,351.94
Registered
on: 10.01.1997
Reg. data: 33602 Bielefeld, HRB 35654
Manager:
Rudolf Delius GmbH
Albrecht-Delius-Weg 3
D 33615 Bielefeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 02.11.2012
Reg. data: 33602 Bielefeld, HRB 40865
Manager:
Delius Verwaltungs GmbH
Goldstr. 16-18
D 33602 Bielefeld
Legal form: Private
limited company
Share capital: EUR 25,615.72
Registered
on: 10.01.1997
Reg. data: 33602 Bielefeld, HRB 35654
Manager:
Delival GmbH
Goldstr. 16-18
D 33602 Bielefeld
Legal form: Private
limited company
Share capital: EUR 383,468.91
Registered
on: 20.07.2011
Reg. data: 33602 Bielefeld, HRB 40396
Manager:
DPV GmbH
Goldstr. 16-18
D 33602 Bielefeld
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 03.12.2007
Reg. data: 33602 Bielefeld, HRB 39124
Further
functions/participations of Friedrich-Wilhelm Delius
(Manager)
Limited
partner:
C. A. Delius & Söhne
GmbH & Co KG
Goldstr. 16-18
D 33602 Bielefeld
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 3,149,557.99
contribution:
Share: EUR 1,431,617.27
Registered
on: 10.04.1997
Reg. data: 33602 Bielefeld, HRA 8204
Shareholder:
Delius Verwaltungs GmbH
Goldstr. 16-18
D 33602 Bielefeld
Legal form: Private limited
company
Share capital: EUR 25,615.72
Share: EUR 11,657.45
Registered
on: 10.01.1997
Reg. data: 33602 Bielefeld, HRB 35654
Manager:
DELITEX
Handelsgesellschaft mbH
Goldstr. 16-18
D 33602 Bielefeld
Legal form: Private
limited company
Share capital: EUR 1,845,000.00
Registered
on: 08.04.1994
Reg. data: 33602 Bielefeld, HRB 34832
Manager:
Delius Verwaltungs GmbH
Goldstr. 16-18
D 33602 Bielefeld
Legal form: Private
limited company
Share capital: EUR 25,615.72
Registered
on: 10.01.1997
Reg. data: 33602 Bielefeld, HRB 35654
06.12.1972 - 24.06.1997 Delius Gesellschaft mit beschränkter
Haftung
Goldstr. 16-18
D 33602 Bielefeld
Private limited
company
Main
industrial sector
13990
Manufacture of other textiles n.e.c.
Works:
DELIUS GmbH
Webereistr. 1-5
D 32139 Spenge
TEL.: 05225/8798-0
FAX.: 05225/8798-20
Limited
partner:
Delcotex Delius Techtex
GmbH & Co. KG
Vilsendorfer Str. 50
D 33739 Bielefeld
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 3,630,000.00
contribution:
Share: EUR 3,630,000.00
Reg. data: 02.12.2002
Local court
33602 Bielefeld
HRA
14483
Limited
partner:
Voss-Biermann, Lawaczek
GmbH & Co. KG
Girmesgath 5
D 47803 Krefeld
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: insolvent
since: 23.03.2009
Total cap. EUR 7,345,654.40
contribution:
Share: EUR 2,515,760.00
Reg. data: 28.02.1994
Local court
47798 Krefeld
HRA 3604
Shareholder:
Delcotex Delius Techtex Verwaltungs GmbH
Goldstr. 16-18
D 33602 Bielefeld
Legal form: Private
limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 50,000.00
Reg. data: 25.11.2002
Local court
33602 Bielefeld
HRB 37635
Shareholder:
DPV GmbH
Goldstr. 16-18
D 33602 Bielefeld
Legal form: Private
limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 48,000.00
Reg. data: 03.12.2007
Local court
33602 Bielefeld
HRB 39124
Payment experience: in
top condition
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Goldstr. 16-18
D 33602 Bielefeld
Land register documents were not available.
COMMERZBANK, 33596 BIELEFELD
Sort. code: 48040035
BIC: COBADEFFXXX
DEUTSCHE BANK, 33501 BIELEFELD
Sort. code: 48070020
BIC: DEUTDE3BXXX
COMMERZBANK
VORMALS DRESDNER BANK, 33502 BIELEFELD
Sort. code: 48080020
BIC: DRESDEFF480
Turnover: 2012 EUR 17,602,807.00
Profit: 2012 EUR 319,066.00
Equipment: EUR
269,038.00
Ac/ts receivable: EUR
3,330,702.00
Liabilities: EUR 2,290,498.00
Employees: 76
- thereof permanent staff: 66
- Trainees:
10
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 81.42
Liquidity ratio: 2.25
Return on total capital [%]: 2.01
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 73.18
Liquidity ratio: 1.87
Return
on total capital [%]: 7.96
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 71.11
Liquidity ratio: 1.48
Return on total capital [%]: 6.58
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 63.36
Liquidity ratio: 1.49
Return on total capital [%]: 1.79
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 15,905,662.14
Fixed assets EUR 6,703,677.00
Intangible assets
EUR 24,233.00
Concessions, licences, rights
EUR 24,233.00
Tangible assets
EUR 326,214.00
Plant / machinery EUR 57,176.00
Other tangible assets / fixtures and
fittings
EUR 269,038.00
Financial assets
EUR 6,353,230.00
Shares in participations /
subsidiaries and the like
EUR 6,353,230.00
Shares in related companies
EUR 6,353,227.00
Shares in investee companies
EUR 3.00
Current assets
EUR 8,678,218.31
Stocks
EUR 4,534,411.01
Raw materials, consumables and
supplies
EUR 72,560.06
Finished goods / work in progress
EUR 4,461,850.95
Accounts receivable
EUR 3,330,701.71
Trade debtors
EUR 1,645,308.71
Amounts due from related companies
EUR 1,325,270.19
Other debtors and assets
EUR 360,122.81
Liquid means EUR 813,105.59
Remaining other assets
EUR 523,766.83
Accruals (assets)
EUR 68,492.80
Active difference from asset
offsetting EUR 455,274.03
LIABILITIES EUR 15,905,662.14
Shareholders' equity
EUR 12,949,762.73
Capital
EUR 5,112,918.81
Subscribed capital (share capital)
EUR 5,112,918.81
Reserves
EUR 4,438,930.53
Retained earnings / revenue reserves EUR 4,438,930.53
Balance sheet profit/loss (+/-)
EUR 3,397,913.39
Profit / loss brought forward
EUR 3,078,847.34
Annual surplus / annual deficit
EUR 319,066.05
Provisions
EUR 628,634.93
Pension provisions and comparable
provisions EUR 206,249.93
Other / unspecified provisions
EUR 422,385.00
Liabilities
EUR 2,290,498.24
Financial debts
EUR 1,403,633.42
Liabilities due to banks
EUR 1,403,633.42
Other liabilities
EUR 886,864.82
Trade creditors (for IAS incl. bills
of exchange)
EUR 545,790.02
Liabililties due to related companiesEUR 7,421.00
Unspecified other liabilities
EUR 333,653.80
thereof liabilities from tax /
financial authorities
EUR 71,793.61
thereof liabilities from social
security EUR 123.68
Other liabilities
EUR 36,766.24
Deferrals (liabilities)
EUR 36,766.24
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales
EUR 17,602,806.71
Inventory change + own costs (+/-)
EUR 264,815.03
Inventory change (+/-)
EUR 264,815.03
Other operating income EUR 760,762.74
Cost of materials
EUR 10,957,120.36
Raw materials and supplies, purchased
goods
EUR 8,530,326.58
Purchased services
EUR 2,426,793.78
Gross result (+/-)
EUR 7,671,264.12
Staff expenses
EUR 4,248,571.94
Wages and salaries
EUR 3,467,023.52
Social security contributions and
expenses for pension plans and
benefits
EUR 781,548.42
Total depreciation
EUR 105,104.33
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 105,104.33
Other operating expenses
EUR 2,844,686.37
Operating result from continuing
operations
EUR 472,901.48
Result
from participating interests
(+/-)
EUR 43,713.33
Expenses / income from participations EUR 43,713.33
Income from related companies
EUR 43,713.33
Interest result (+/-)
EUR -53,421.92
Interest and similar income
EUR 40,899.78
thereof from related companies
EUR 33,159.43
Interest and similar expenses
EUR 94,321.70
Other financial result
EUR -48,862.00
Depreciation on financial assets and
marketable securities
EUR 48,862.00
Financial result (+/-)
EUR -58,570.59
Result from ordinary operations (+/-)
EUR 414,330.89
Income tax / refund of income tax (+/-)EUR -91,417.84
Other taxes / refund of taxes
EUR -3,847.00
Tax (+/-)
EUR -95,264.84
Annual surplus / annual deficit
EUR 319,066.05
Type of
balance sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 17,259,583.00
Fixed assets EUR 6,638,248.00
Intangible assets
EUR 4,287.00
Concessions, licences, rights
EUR 4,287.00
Tangible assets
EUR 231,869.00
Plant / machinery
EUR 22,485.00
Other tangible assets / fixtures and
fittings
EUR 209,384.00
Financial assets
EUR 6,402,092.00
Shares
in participations /
subsidiaries and the like
EUR 6,402,092.00
Shares in related companies
EUR 6,402,089.00
Shares in investee companies
EUR 3.00
Current assets EUR 10,266,587.72
Stocks
EUR 4,271,317.97
Raw materials, consumables and
supplies
EUR 74,282.05
Finished goods / work in progress
EUR 4,197,035.92
Accounts receivable
EUR 5,046,503.27
Trade debtors
EUR 1,523,027.75
Amounts due from related companies
EUR 3,340,321.96
Other debtors and assets EUR 183,153.56
Liquid means
EUR 948,766.48
Remaining other assets
EUR 354,747.28
Accruals (assets)
EUR 8,087.97
Active difference from asset
offsetting
EUR 346,659.31
LIABILITIES EUR 17,259,583.00
Shareholders' equity
EUR 12,630,696.68
Capital
EUR 5,112,918.81
Subscribed capital (share capital)
EUR 5,112,918.81
Reserves
EUR 4,438,930.53
Retained earnings / revenue reserves EUR 4,438,930.53
Balance sheet profit/loss (+/-)
EUR 3,078,847.34
Profit / loss brought forward
EUR 1,704,911.81
Annual surplus / annual deficit
EUR 1,373,935.53
Provisions
EUR 980,989.53
Pension
provisions and comparable
provisions
EUR 365,178.53
Provisions for taxes
EUR 258,000.00
Other / unspecified provisions
EUR 357,811.00
Liabilities EUR 3,647,896.79
Financial debts
EUR 2,714,803.40
Liabilities due to banks
EUR 2,714,803.40
Other liabilities
EUR 933,093.39
Trade creditors (for IAS incl. bills
of exchange)
EUR 532,666.51
Liabililties due to related companiesEUR 92,594.09
Unspecified other liabilities
EUR 307,832.79
thereof liabilities from tax /
financial authorities
EUR 50,393.27
thereof liabilities from social
security
EUR 2,803.83
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales
EUR 17,125,471.38
Inventory change + own costs (+/-)
EUR 235,914.21
Inventory change (+/-)
EUR 235,914.21
Other operating income
EUR 802,270.55
Cost of materials
EUR 10,514,673.67
Raw materials and supplies, purchased
goods
EUR 8,187,604.27
Purchased services
EUR 2,327,069.40
Gross result (+/-)
EUR 7,648,982.47
Staff expenses
EUR 3,795,052.74
Wages and salaries
EUR 3,219,973.73
Social security contributions and
expenses
for pension plans and
benefits
EUR 575,079.01
Total depreciation
EUR 96,377.78
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 96,377.78
Other operating expenses
EUR 2,943,583.27
Operating result from continuing
operations
EUR 813,968.68
Result from participating interests
(+/-)
EUR 862,549.39
Expenses / income from participations EUR 862,549.39
Income from related companies
EUR 862,549.39
Interest result (+/-)
EUR -47,304.62
Interest and similar income
EUR 40,914.17
thereof from related companies
EUR 35,097.25
Interest and similar expenses
EUR 88,218.79
Financial result (+/-) EUR 815,244.77
Result from ordinary operations (+/-)
EUR 1,629,213.45
Income tax / refund of income tax (+/-)EUR -251,239.19
Other taxes / refund of taxes
EUR -4,038.73
Tax (+/-) EUR -255,277.92
Annual surplus / annual deficit
EUR 1,373,935.53
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.26 |
|
|
1 |
Rs.99.63 |
|
Euro |
1 |
Rs.80.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NNA |
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.