|
Report Date : |
27.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
MARC PICARD FRANCHISE 2006 GMBH |
|
|
|
|
Registered Office : |
Siedlungsstr. 3, D 97901 Altenbuch |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
02.06.1992 |
|
|
|
|
Com. Reg. No.: |
HRB 8561 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Wholesale of leather goods, luggage, giftware and
advertising articles ·
Retail sale of leatheware and baggage |
|
|
|
|
No. of Employees : |
168 |
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 : |
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 |
MARC
PICARD FRANCHISE 2006 GMBH
Company Status: active
Siedlungsstr. 3
D 97901 Altenbuch
Telephone:09392/92610
Telefax: 09392/926155
Homepage: www.marc-picard-shop.de
E-mail: onlineshop@marc-picard.de
VAT no.: DE154345705
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 02.06.1992
Shareholders'
agreement: 18.08.1992
Registered on: 02.12.2002
Commercial Register: Local court 63739 Aschaffenburg
under: HRB
8561
Share capital: EUR 351,200.00
Shareholder:
Edwin Picard
Siedlungsstr. 3
D 97901
Altenbuch
born:
26.05.1933
Share: EUR 201,200.00
Shareholder:
Michael Picard
Siedlungsstr. 3
D 97901
Altenbuch
born:
13.09.1958
Share: EUR 150,000.00
Manager:
Edwin Picard
Siedlungsstr. 3
D 97901
Altenbuch
having sole
power of representation
born:
26.05.1933
Profession:
Businessman
Property
regime: Separation of property
Marital
status: married
Manager:
Michael
Picard
Siedlungsstr. 3
D 97901
Altenbuch
having sole
power of representation
born:
13.09.1958
Profession:
Industrial manager
Property
regime: Statutory matrimonial
property
regime
Marital
status: married
Further functions/participations of Edwin
Picard (Manager)
General partner:
Annemarie
Picard + Edwin Picard
Siedlungsstr. 3
D 97901
Altenbuch
Legal form: Partnership
under the Civil Code
Limited partner:
Marc Picard
Lederwaren Verwaltungs GmbH &
Co. KG
Siedlungsstr. 3
D 97901
Altenbuch
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Registered
on: 14.08.2012
Reg.
data: 63739 Aschaffenburg, HRA 5220
Shareholder:
MARC PICARD
DESIGN GmbH
Spessartstr.
12
D 97892 Kreuzwertheim
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Share: EUR 5,000.00
Registered
on: 27.09.2010
Reg.
data: 97070 Würzburg, HRB 10837
Manager:
MARC PICARD
DESIGN GmbH
Spessartstr.
12
D 97892
Kreuzwertheim
Legal form: Private limited
company
Share
capital: EUR 25,000.00
Registered
on: 27.09.2010
Reg.
data: 97070 Würzburg, HRB 10837
Proxy:
Marc Picard
Lederwaren Verwaltungs GmbH &
Co. KG
Siedlungsstr. 3
D 97901
Altenbuch
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,000.00
contribution:
Registered
on: 14.08.2012
Reg. data: 63739 Aschaffenburg, HRA 5220
Further functions/participations of Michael
Picard (Manager)
Shareholder:
Marc Picard
Franchise GmbH
Siedlungsstr. 3
D 97901
Altenbuch
Legal form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 13.11.2002
Reg. data: 63739 Aschaffenburg, HRB 8541
Manager:
Marc Picard
Chemnitz Lederwarenhandels GmbH
Straße der
Nationen 25
D 09111
Chemnitz
Legal form:
Private limited company
dissolved by official decree
Share
capital: EUR 25,564.59
Registered
on: 27.03.1991
Reg.
data: 09112 Chemnitz, HRB 2222
Manager:
MARC PICARD
DESIGN GmbH
Spessartstr.
12
D 97892
Kreuzwertheim
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 27.09.2010
Reg.
data: 97070 Würzburg, HRB 10837
02.12.2002 - 2006 Marc Picard Franchise 2006 GmbH
Berliner
Str. 7
D 63916
Amorbach
Private
limited company
2007 - 2008 Marc Picard Franchise 2006 GmbH
Pfarrgasse 1
D 63916 Amorbach
Private
limited company
23.08.2010 - 24.09.2010 Marc Picard Franchise 2006 GmbH
Pfarrgasse 1
D 63916
Amorbach
Private
limited company
Main industrial sector
46493 Wholesale of leather goods, luggage,
giftware and advertising articles
47722 Retail sale of leatheware
and baggage
6832 Management of real estate
on a fee or contract basis
Branch:
Marc Picard
Franchise 2006 GmbH
Döberitzer
Weg 3
D 14624
Dallgow-Döberitz
TEL.:
03322/22906
Branch:
Marc Picard
Franchise 2006 GmbH
Prerower
Platz 1
D 13051
Berlin
TEL.:
030-9244157
Branch:
Marc Picard
Franchise 2006 GmbH
Äußere
Reichenbacher Str. 64
D 08529 Plauen
TEL.:
03741/471990
Branch:
Marc Picard
Franchise 2006 GmbH
Nordhäuser
Str. 73t
D 99091
Erfurt
TEL.:
0361-7462024
Branch:
Marc Picard Franchise 2006
GmbH
Talstraße
im
Schleckerland
D 89584
Ehingen
TEL.:
07391/52942
Branch:
Marc Picard
Franchise 2006 GmbH
Marienplatz
9 Lederpassage
D 82467
Garmisch-Partenkirchen
TEL.:
08821/71377
Branch:
Marc Picard
Franchise 2006 GmbH
Frankfurter
Str. 225 im DEZ
D 34134
Kassel
TEL.:
0561/472574
Branch:
Marc Picard
Franchise 2006 GmbH
Landgraben 1
EKZ-Shop Nr.
32
D 16303
Schwedt
TEL.: 03332/412673
Branch:
Marc Picard
Franchise 2006 GmbH
Hohenfelder
Str. 22
im
Löhr-Center
D 56068
Koblenz
TEL.:
0261/17551
Branch:
Marc Picard
Franchise 2006 GmbH
Am Helftaer
Anger
D 06295
Lutherstadt Eisleben
TEL.:
03475/718199
Branch:
Marc Picard
Franchise 2006 GmbH
Salbker
Chaussee
D 39116
Magdeburg
Branch:
Marc Picard
Franchise 2006 GmbH
Hellersdorfer Str. 79-81
Spree-Center
D 12619
Berlin
TEL.:
030/5628902
Branch:
Marc Picard
Franchise 2006 GmbH
Nordpassage
1
City-Center
D 15890
Eisenhüttenstadt
TEL.:
03364/413504
Branch:
Marc Picard
Franchise 2006 GmbH
Sielower
Chaussee 38
D 03044
Cottbus
TEL.:
0355/872412
Branch:
Marc Picard
Franchise 2006 GmbH
Elbepark
D 39326
Hermsdorf
TEL.:
039206/53142
Branch:
Marc Picard
Franchise 2006 GmbH
Neue
Chausseestr. 4
D 03058 Groß
Gaglow
TEL.:
0355/542324
Branch:
Marc Picard
Franchise 2006 GmbH
Dohnaer Str.
246
D 01239
Dresden
TEL.:
0351/2881695
Branch:
Marc Picard Franchise 2006 GmbH
König-Heinrich-Str. 3
D 06217
Merseburg
TEL.:
03461/203980
Shareholder:
"Marc
Picard" Lederwaren GmbH 2001
Siedlungsstr. 3
D 97901
Altenbuch
Legal form:
Private limited company
Company
Status: dissolved
since: 29.08.2006
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg.
data: 21.02.1992
Local court 63739 Aschaffenburg
HRB 7649
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 Siedlungsstr. 3
D 97901
Altenbuch
Real Estate of: Michael Picard
Type of ownership: Tenant
Address Siedlungsstr. 3a
D 97901
Altenbuch
Land register documents were not
available.
SPARKASSE MILTENBERG-OBERNBURG,
63885 MILTENBERG
Sort. code: 79650000
BIC: BYLADEM1MIL
UNICREDIT BANK - HYPOVEREINSBANK,
63882 MILTENBERG
Sort. code: 79520070
BIC: HYVEDEMM407
Gross profit or loss: 2012 EUR 7,340,951.00
Profit: 2012 EUR 466,652.00
Equipment: EUR 1,214,051.00
Ac/ts receivable: EUR 440,105.00
Liabilities: EUR 3,570,648.00
Employees:
168
- Part-time employees: 140
Balance sheet ratios 01.01.2012 -
31.12.2012
Equity ratio [%]: 33.23
Liquidity ratio: 0.13
Return on total capital [%]: 3.35
Balance sheet ratios 01.01.2011 -
31.12.2011
Equity ratio [%]: 29.29
Liquidity ratio: 0.11
Return on total capital [%]: 3.98
Balance sheet ratios 01.01.2010 -
31.12.2010
Equity ratio [%]: 24.50
Liquidity ratio: 0.10
Return on total capital [%]: 12.54
Balance sheet ratios 01.01.2009 -
31.12.2009
Equity ratio [%]: 11.83
Liquidity ratio: 0.23
Return on total capital [%]: -0.52
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 6,242,070.65
Fixed assets EUR 4,082,513.26
Intangible assets EUR 196,968.00
Goodwill EUR 169,116.00
Other / unspecified
intangible assetsEUR
27,852.00
Tangible assets EUR 1,214,051.28
Other tangible assets /
fixtures and
fittings EUR 1,214,051.28
Financial assets EUR 2,671,493.98
Shares in participations
/
subsidiaries and the
like EUR 285,001.00
Shares in related
companies EUR 285,001.00
Loans to participations
/
subsidiaries and the
like EUR 1,051,997.22
Loans to related companies EUR 1,051,997.22
Other / unspecified
financial assets EUR
1,334,495.76
Current assets EUR 2,122,843.04
Stocks EUR 1,174,258.66
Accounts receivable EUR 440,104.89
thereof total due from
shareholders EUR 39,000.00
Amounts due from related
companies EUR 217,363.78
Other debtors and
assets EUR 222,741.11
Liquid means EUR 508,479.49
Remaining other
assets EUR 36,714.35
Accruals (assets) EUR 36,714.35
LIABILITIES EUR 6,242,070.65
Shareholders' equity EUR 2,186,159.96
Capital EUR 351,200.00
Subscribed capital
(share capital) EUR 351,200.00
Balance sheet profit/loss
(+/-) EUR
1,834,959.96
Profit / loss brought
forward EUR 1,368,307.80
Annual surplus / annual
deficit EUR 466,652.16
Items between
shareholders' equity and
debt capital EUR 53,978.00
Allowances / bonuses EUR 53,978.00
Provisions EUR 431,284.45
Liabilities EUR 3,570,648.24
Financial debts EUR 1,268,242.27
Liabilities due to
banks EUR 1,268,242.27
Other liabilities EUR 2,302,405.97
Liabililties due to
related companiesEUR
969,519.92
Unspecified other
liabilities EUR 1,332,886.05
Guarantees and other
commitments EUR 100,000.00
Guarantees /
warranties EUR 100,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm. Code (HGB)
Gross result (+/-) EUR 7,340,950.72
Staff expenses EUR 2,895,224.95
Wages and salaries EUR 2,386,863.55
Social security
contributions and
expenses for pension
plans and
benefits EUR 508,361.40
Total depreciation EUR 349,644.33
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 349,644.33
Other operating
expenses EUR 3,772,269.08
Operating result from
continuing
operations EUR 323,812.36
Interest result (+/-) EUR 2,980.16
Interest and similar
income EUR 153,854.36
Interest and similar
expenses EUR 150,874.20
Financial result
(+/-) EUR 2,980.16
Result from ordinary
operations (+/-) EUR 326,792.52
Extraordinary income EUR 340,508.41
Extraordinary
expenses EUR 75,877.00
Extraordinary result
(+/-) EUR 264,631.41
Income tax / refund of income tax
(+/-)EUR -122,531.76
Other taxes / refund of
taxes EUR -2,240.01
Tax (+/-) EUR -124,771.77
Annual surplus / annual
deficit EUR 466,652.16
Type of balance sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 5,464,064.47
Fixed assets EUR 3,725,711.22
Intangible assets EUR 215,205.00
Goodwill EUR 184,591.00
Other / unspecified
intangible assetsEUR
30,614.00
Tangible assets EUR 1,156,204.00
Other tangible assets /
fixtures and
fittings EUR 1,156,204.00
Financial assets EUR 2,354,302.22
Shares in participations
/
subsidiaries and the
like EUR
342,038.41
Shares in related
companies EUR 342,038.41
Loans to participations
/
subsidiaries and the
like EUR 990,055.87
Loans to related
companies EUR 990,055.87
Other / unspecified
financial assets EUR
1,022,207.94
Current assets EUR 1,694,914.54
Stocks EUR 990,042.16
Accounts receivable EUR 356,135.28
Amounts due from related
companies EUR 144,860.23
Other debtors and
assets EUR 211,275.05
Liquid means EUR 348,737.10
Remaining other
assets EUR
43,438.71
Accruals (assets) EUR 43,438.71
LIABILITIES EUR 5,464,064.47
Shareholders' equity EUR 1,719,507.80
Capital EUR 351,200.00
Subscribed capital
(share capital) EUR 351,200.00
Balance sheet profit/loss
(+/-) EUR 1,368,307.80
Profit / loss brought
forward EUR 1,159,778.47
Annual surplus / annual
deficit EUR 208,529.33
Items between
shareholders' equity and
debt capital EUR 70,548.00
Allowances / bonuses EUR 70,548.00
Provisions EUR 311,335.31
Liabilities EUR 3,362,673.36
Financial debts EUR 1,962,699.98
Liabilities due to
banks EUR 1,962,699.98
Other liabilities EUR 1,399,973.38
Liabililties due to
related companiesEUR
825,623.42
Unspecified other
liabilities EUR 574,349.96
Guarantees and other
commitments EUR 100,000.00
Guarantees /
warranties EUR 100,000.00
Guarantees EUR 100,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm. Code (HGB)
Gross result (+/-) EUR 6,049,874.67
Staff expenses EUR 2,357,619.56
Wages and salaries EUR 1,955,566.20
Social security
contributions and
expenses for pension
plans and
benefits EUR 402,053.36
Total depreciation EUR 330,546.61
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 330,546.61
Other operating
expenses EUR 2,978,038.34
Operating result from
continuing
operations EUR 383,670.16
Interest result (+/-) EUR -32,164.11
Interest and similar income EUR 133,080.19
Interest and similar
expenses EUR 165,244.30
Financial result
(+/-) EUR -32,164.11
Result from ordinary
operations (+/-) EUR 351,506.05
Income tax / refund of
income tax (+/-)EUR -139,225.44
Other taxes / refund of
taxes EUR -3,751.28
Tax (+/-) EUR -142,976.72
Annual surplus / annual
deficit EUR 208,529.33
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.16 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.82.04 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.