|
Report Date : |
25.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAINPOL GMBH |
|
|
|
|
Registered Office : |
Daimlerstr. 10, D 73095 Albershausen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
1976 |
|
|
|
|
Com. Reg. No.: |
HRB 533433 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Agents involved in the sale of textiles, apparel, footwear and leatherware ·
Wholesale of leather goods, luggage, giftware
and advertising articles |
|
|
|
|
No. of Employees : |
83 |
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 |
MAINPOL GMBH
Company Status: active
Daimlerstr. 10
D 73095 Albershausen
Telephone:07161/30020
Telefax: 07161/300233
Homepage: www.MAINPOL.de
E-mail: info@MAINPOL.de
VAT no.: DE218902235
Tax ID number: 63007/02456
LEGAL FORM Private limited company
Date of foundation: 1976
Shareholders'
agreement: 27.08.2001
Registered on: 18.09.2001
Commercial Register: Local court 89073 Ulm
under: HRB 533433
Share capital: EUR 1,000,000.00
Shareholder:
Johann Hans-Dieter Pöll
Helferichstr. 4
D 73033 Göppingen
born: 06.09.1946
Share: EUR 500,000.00
Shareholder:
Miguel Shlafrok
Agraciada 3304 P 601
ROU monteviedo
born: 01.04.1939
Share: EUR 500,000.00
Manager:
Johann Hans-Dieter Pöll
Helferichstr. 4
D 73033 Göppingen
born: 06.09.1946
Profession: Businessman
Marital status: married
Manager:
Miguel Shlafrok
ROU - Montevideo
born: 01.04.1939
Manager:
Wolfgang Schmitt
Stettiner Str. 8
D 63843 Niedernberg
born: 25.03.1963
Marital status: married
Further
functions/participations of Johann Hans-Dieter Pöll
(Manager)
Limited partner:
Mainpol Pöll GmbH & Co. KG
Daimlerstr. 10
D 73095 Albershausen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 104,000.00
contribution:
Share: EUR 52,000.00
Registered
on: 10.06.1976
Reg. data: 89073 Ulm, HRA 531255
Shareholder:
P & S Verwaltungs-GmbH
Daimlerstr. 10
D 73095 Albershausen
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 23.11.2004
Reg. data: 89073 Ulm, HRB 533938
Manager:
P & S Verwaltungs-GmbH
Daimlerstr. 10
D 73095 Albershausen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 23.11.2004
Reg. data: 89073 Ulm, HRB 533938
Further
functions/participations of Miguel Shlafrok (Manager)
Limited partner:
Mainpol Pöll GmbH & Co. KG
Daimlerstr. 10
D 73095 Albershausen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 104,000.00
contribution:
Share: EUR 52,000.00
Registered
on: 10.06.1976
Reg. data: 89073 Ulm, HRA 531255
Main industrial
sector
4616 Agents involved in the sale of textiles, apparel, footwear and leatherware
46493 Wholesale of leather goods, luggage, giftware and advertising articles
Branch:
MAINPOL GmbH
Manderscheidtstr. 84
D 45141 Essen
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Daimlerstr. 10
D 73095 Albershausen
Real Estate of: Wolfgang Schmitt
Type of ownership: Tenant
Address Stettiner Str. 8
D 63843 Niedernberg
Land register documents were not available.
Principal bank
BANKHAUS GEBR. MARTIN, 73033 GÖPPINGEN
Sort. code: 61030000
BIC: MARBDE6GXXX
Further banks
COMMERZBANK, 73002 GÖPPINGEN
Sort. code: 61040014
BIC: COBADEFFXXX
DEUTSCHE BANK, 73003 GÖPPINGEN
Sort. code: 61070078
BIC: DEUTDESS610
COMMERZBANK VORMALS DRESDNER BANK, 73003 GÖPPINGEN
Sort. code: 61080006
BIC: DRESDEFF610
KREISSPARKASSE GÖPPINGEN, 73007 GÖPPINGEN
Sort. code: 61050000
BIC: GOPSDE6GXXX
Gross profit or loss: 2012 EUR 8,905,135.00
Profit: 2012 EUR 650,604.00
Equipment: EUR 104,957.00
Ac/ts receivable: EUR 5,521,918.00
Liabilities: EUR 10,321,993.00
Employees: 83
- thereof permanent staff: 83
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 22.01
Liquidity ratio: 0.55
Return on total capital [%]: 3.61
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 15.85
Liquidity ratio: 0.59
Return on total capital [%]: 7.95
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 16.61
Liquidity ratio: 0.66
Return on total capital [%]: 4.97
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 14.49
Liquidity ratio: 0.85
Return on total capital [%]: 4.64
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 18,042,989.14
Fixed assets EUR 952,692.59
Intangible assets EUR 835,735.59
Internally generated industrial
property rights and similar rights
and assets EUR 175,506.59
Other / unspecified intangible
assetsEUR 660,229.00
Tangible assets EUR 116,957.00
Plant / machinery EUR 12,000.00
Other tangible assets / fixtures and
fittings EUR 104,957.00
Current assets EUR 16,856,459.08
Stocks EUR 11,092,710.68
Accounts receivable EUR 5,521,917.80
Liquid means EUR 241,830.60
Remaining other assets EUR 233,837.47
Accruals (assets) EUR 233,837.47
LIABILITIES EUR 18,042,989.14
Shareholders' equity EUR 3,970,518.79
Capital
EUR 1,000,000.00
Subscribed capital (share capital) EUR
1,000,000.00
Reserves EUR 700,000.00
Capital reserves EUR 700,000.00
Balance sheet profit/loss (+/-) EUR 2,270,518.79
Profit / loss brought forward EUR 1,619,914.83
Annual surplus / annual deficit EUR 650,603.96
Items between shareholders' equity and
debt capital EUR 3,100,000.00
Mezzanine financing EUR 3,100,000.00
Subordinated loans EUR 3,100,000.00
Provisions EUR 609,921.91
Liabilities
EUR 10,321,993.44
Financial debts EUR 8,528,629.20
Liabilities due to banks EUR 8,528,629.20
Other liabilities EUR 1,793,364.24
Unspecified other liabilities EUR 1,793,364.24
Other liabilities EUR 40,555.00
Deferred taxes (not included under
provisions/liabilities) EUR 40,555.00
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Gross result (+/-) EUR 8,905,134.84
Staff expenses EUR 3,306,162.97
Wages and salaries EUR 2,788,803.35
Social security contributions and
expenses for pension plans and
benefits EUR 517,359.62
Total depreciation EUR 92,148.70
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 92,148.70
Other operating expenses EUR 3,536,718.23
Operating result from continuing
operations EUR 1,970,104.94
Result from participating interests
(+/-) EUR -30,499.70
Expenses for participations EUR 30,499.70
Expenses for other participations EUR 30,499.70
Interest result (+/-) EUR -1,016,579.12
Interest and similar income EUR 19,415.94
Interest and similar expenses EUR 1,035,995.06
Financial result (+/-) EUR -1,047,078.82
Result from ordinary operations (+/-) EUR
923,026.12
Income tax / refund of income tax
(+/-)EUR -264,551.11
Other taxes / refund of taxes EUR -7,871.05
Tax (+/-) EUR -272,422.16
Annual surplus / annual deficit EUR 650,603.96
Type of balance
sheet: Company balance
sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 20,628,212.09
Fixed assets EUR 181,243.00
Intangible assets EUR 120,916.00
Other / unspecified intangible
assetsEUR 120,916.00
Tangible assets EUR 60,327.00
Plant / machinery EUR 15,000.00
Other tangible assets / fixtures and
fittings EUR 45,327.00
Current assets EUR 20,224,308.11
Stocks EUR 13,672,416.42
Accounts receivable EUR 6,529,616.92
Other debtors and assets EUR 6,529,616.92
Liquid means EUR 22,274.77
Remaining other assets EUR 222,660.98
Accruals (assets) EUR 222,660.98
LIABILITIES EUR 20,628,212.09
Shareholders' equity EUR 3,319,914.83
Capital
EUR 1,000,000.00
Subscribed capital (share capital) EUR
1,000,000.00
Reserves EUR 700,000.00
Capital reserves EUR 700,000.00
Balance sheet profit/loss (+/-) EUR 1,619,914.83
Profit / loss brought forward EUR 967,731.77
Annual surplus / annual deficit EUR 652,183.06
Items between shareholders' equity and
debt capital EUR 5,460,000.00
Mezzanine financing EUR 5,460,000.00
Contributions of silent partners EUR 5,460,000.00
Provisions EUR 718,284.41
Liabilities EUR 11,110,936.85
Financial debts EUR 9,440,177.47
Liabilities due to banks EUR 9,440,177.47
Other liabilities EUR 1,670,759.38
Unspecified other liabilities EUR 1,670,759.38
Other liabilities EUR 19,076.00
Deferred taxes (not included under
provisions/liabilities) EUR 19,076.00
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Gross result (+/-) EUR 11,000,627.10
Staff expenses EUR 3,405,039.97
Wages and salaries EUR 2,868,506.69
Social security contributions and
expenses for pension plans and
benefits EUR 536,533.28
Total depreciation EUR 38,631.53
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 38,631.53
Other operating expenses EUR 4,338,880.39
Operating result from continuing
operations EUR 3,218,075.21
Result from participating interests
(+/-) EUR -89,471.54
Expenses for participations EUR 89,471.54
Expenses for other participations EUR 89,471.54
Interest result (+/-) EUR -1,228,569.67
Interest and similar income EUR 35,278.72
Interest and similar expenses EUR 1,263,848.39
Financial result (+/-) EUR -1,318,041.21
Result from ordinary operations (+/-) EUR
1,900,034.00
Extraordinary expenses EUR 983,732.26
Extraordinary result (+/-) EUR -983,732.26
Income tax / refund of income tax
(+/-)EUR -256,082.83
Other taxes / refund of taxes EUR -8,035.85
Tax (+/-) EUR -264,118.68
Annual surplus / annual deficit EUR 652,183.06
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.11 |
|
|
1 |
Rs.102.32 |
|
Euro |
1 |
Rs.81.75 |
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.