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Report Date : |
13.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
MARC O'POLO SHOES & ACCESSORIES GMBH |
|
|
|
|
Registered Office : |
Hofmühlstr.
34, D 83071 Stephanskirchen, Post |
|
|
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Country : |
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|
|
|
|
Financials (as on) : |
31.05.2012 |
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|
|
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Date of Incorporation : |
19.05.1993 |
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|
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Com. Reg. No.: |
HRB 8273 |
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|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacturer
of other textiles Manufacturer of
footwear Wholesaler of clothing
and footwear |
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|
|
|
No. of Employees |
16 |
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
Marc O'Polo Shoes & Accessories GmbH
Hofmühlstr. 34
D 83071 Stephanskirchen
Post Box:
11 53, D 83065 Stephanskirchen
Telephone: 08031/9011-200
Telefax: 08031/9011-280
Homepage: www.marc-o-polo.com
E-mail: info@marc-o-polo.com
active
DE813920872
156/116/05037
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 19.05.1993
Shareholders'
agreement: 19.05.1993
Registered on: 30.06.1993
Commercial Register: Local
court 83278 Traunstein
under: HRB 8273
Share capital:
EUR 30,000.00
Marc O'Polo AG
Hofgartenstr. 1
D 83071 Stephanskirchen
Legal form: Public limited company
Share capital: EUR 22,949,278.00
Share: EUR 25,500.00
Registered on: 23.07.1996
Reg. data: 83278 Traunstein, HRB 10183
Shareholder:
Karl-Heinz Lauterbach
Dannerweg 3
D
83083 Riedering
born:
26.02.1961
Share: EUR 4,500.00
Alexander Gedat
Am Stöckl 6
D 83026 Rosenheim
having sole power of representation
born: 03.07.1964
Profession: Management expert
Marital status: unknown
Manager:
Karl-Heinz Lauterbach
Dannerweg 3
D
83083 Riedering
born:
26.02.1961
Further
functions/participations of Alexander Gedat (Manager)
Manager:
Marc
O'Polo International GmbH
Hofgartenstr. 1
D
83071 Stephanskirchen
Post
Box:
11 53
Legal
form: Private limited company
Share
capital: EUR 1,500,000.00
Registered
on: 18.03.1980
Reg.
data: 83278 Traunstein, HRB 2412
Manager:
Marc
O'Polo Einzelhandels GmbH
Hofgartenstr. 1
D
83071 Stephanskirchen
Legal
form: Private limited company
Share
capital: EUR 300,000.00
Registered
on: 23.01.1991
Reg.
data: 83278 Traunstein, HRB 6720
Manager:
CAMPUS
GmbH
Hofmühlstr. 34
D
83071 Stephanskirchen
Legal form: Private limited company
Share
capital: EUR 100,000.00
Registered
on: 30.05.2011
Reg.
data: 83278 Traunstein, HRB 21058
Manager:
Marc
O'Polo License GmbH
Hofgartenstr. 1
D
83071 Stephanskirchen
Legal
form: Private limited company
Share
capital: EUR 64,397.00
Registered
on: 12.04.2012
Reg.
data: 83278 Traunstein, HRB 21846
President of the
Board of Directors:
Marc
O'Polo AG
Hofgartenstr. 1
D
83071 Stephanskirchen
Legal
form: Public limited company
Share
capital: EUR 22,949,278.00
Registered
on: 23.07.1996
Reg. data: 83278 Traunstein, HRB 10183
19.05.1993 -
31.12.2003 Jake's Fashion Products
Verwaltungs GmbH
Hofmühlstr. 32
D
83071 Stephanskirchen
Private limited company
31.12.2003 -
25.11.2004 FP Fashion Products GmbH
Hofmühlstr. 32
D
83071 Stephanskirchen
Private limited company
25.11.2004 -
04.11.2008 Marc O'Polo Shoes GmbH
Hofgartenstr. 32
D
83071 Stephanskirchen
Private limited company
04.11.2008 -
15.02.2012 Marc O'Polo Shoes GmbH
Gießereistr. 12
D 83022 Rosenheim
Private limited company
15.02.2012 -
17.12.2013 Marc O'Polo Shoes GmbH
Hofmühlstr. 34
D
83071 Stephanskirchen
Private limited company
17.12.2013 -
17.12.2013 Marc O'Polo Shoes &
Accessories GmbH
Hofmühlstr. 34
D
83071 Stephanskirchen
Private limited company
Main industrial
sector
·
1399 Manufacture of other textiles
1520
Manufacture of footwear
4642
Wholesale of clothing and footwear
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2011/2012
Type of ownership: Tenant
Address Hofmühlstr. 34
D 83071 Stephanskirchen
Land register documents were not available.
SPARKASSE ROSENHEIM-BAD AIBLING, 83004 ROSENHEIM, OBERBAY
Sort. code: 71150000, Account no.: 500501366
BIC: BYLADEM1ROS
UNICREDIT BANK - HYPOVEREINSBANK, 83001 ROSENHEIM, OBERBAY
Sort. code: 71120077, Account no.: 346890126
BIC: HYVEDEMM448
Turnover: 2011/2012 EUR 24,023,083.00
Profit: 2011/2012 EUR 2,928,729.00
Equipment: EUR 190,486.00
Ac/ts receivable: EUR 4,196,676.00
Liabilities: EUR 439,448.00
Employees:
16
Balance sheet ratios 01.06.2011 - 31.05.2012
Equity ratio [%]: -17.58
Liquidity ratio: 1.50
Return on total capital [%]: 88.96
Balance sheet ratios 01.06.2010 - 31.05.2011
Equity ratio [%]: -44.66
Liquidity ratio: 4.72
Return on total capital [%]: 70.25
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: 01.06.2011 - 31.05.2012
ASSETS EUR 6,851,631.60
Fixed assets
EUR 462,215.99
Intangible assets
EUR 243,411.82
Concessions, licences, rights
EUR 243,411.82
Tangible assets
EUR 218,804.17
Other tangible assets / fixtures and
fittings
EUR 190,485.63
Advance payments made / construction
in progress EUR 28,318.54
Current assets
EUR 6,329,566.63
Stocks
EUR 2,120,970.83
Finished goods / work in progress
EUR 2,104,893.83
Advance payments made
EUR 16,077.00
Accounts receivable
EUR 4,196,676.14
Trade debtors
EUR 411,619.02
Amounts due from related companies
EUR 3,738,573.88
Other debtors and assets
EUR 46,483.24
Liquid means
EUR 11,919.66
Remaining other assets
EUR 59,848.98
Accruals (assets)
EUR 55,832.66
Deferred taxes (assets)
EUR 4,016.32
LIABILITIES EUR 6,851,631.60
Shareholders' equity
EUR 2,976,658.15
Capital
EUR 30,000.00
Subscribed capital (share capital)
EUR 30,000.00
Reserves
EUR 4,080.91
Capital reserves
EUR 64.59
Retained earnings / revenue reserves EUR 4,016.32
Balance sheet profit/loss (+/-)
EUR 2,942,577.24
Balance sheet profit / loss
EUR 2,942,577.24
Provisions
EUR 3,435,525.12
Provisions
for taxes EUR 1,170,376.72
Other / unspecified provisions
EUR 2,265,148.40
Liabilities
EUR 439,448.33
Other liabilities
EUR 439,448.33
Trade creditors (for IAS incl. bills
of exchange)
EUR 256,819.67
Liabililties due to related companiesEUR 11,442.86
Unspecified other liabilities
EUR 171,185.80
thereof
liabilities from tax /
financial authorities
EUR 21,609.81
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code
(HGB)
Sales
EUR 24,023,083.14
Manufacturing costs
EUR 14,083,888.49
Gross result on sales
EUR 9,939,194.65
Distribution costs
EUR 4,651,799.39
General administration expenses
EUR 1,593,427.33
Other operating income
EUR 467,896.10
Other operating expenses
EUR 177,443.64
Operating result from continuing
operations
EUR 3,984,420.39
Interest result (+/-)
EUR 28,742.78
Interest and similar income
EUR 42,004.76
Interest and similar expenses
EUR 13,261.98
Financial result (+/-)
EUR 28,742.78
Result from ordinary operations (+/-)
EUR 4,013,163.17
Income tax / refund of income tax (+/-)EUR -1,084,434.29
Tax
(+/-)
EUR -1,084,434.29
Annual surplus / annual deficit
EUR 2,928,728.88
Type
of balance
sheet: Company balance sheet
Financial year: 01.06.2010 - 31.05.2011
ASSETS EUR 4,468,618.70
Fixed assets
EUR 219,555.34
Intangible assets
EUR 48,209.82
Advance payments for intang. assets
EUR 48,209.82
Tangible assets
EUR 171,345.52
Other tangible assets / fixtures and
fittings EUR 171,345.52
Current assets
EUR 4,174,789.76
Stocks
EUR 1,272,158.24
Finished goods / work in progress
EUR 1,272,158.24
Accounts receivable EUR 2,781,966.58
Trade debtors
EUR 338,428.18
Amounts due from related companies
EUR 2,407,534.98
Other debtors and assets
EUR 36,003.42
Liquid means
EUR 120,664.94
Remaining other assets
EUR 74,273.60
Accruals (assets)
EUR 56,408.92
Deferred taxes (assets)
EUR 17,864.68
LIABILITIES EUR 4,468,618.70
Shareholders' equity
EUR 1,490,466.28
Capital
EUR 30,000.00
Subscribed
capital (share capital) EUR 30,000.00
Reserves
EUR 17,929.27
Capital reserves
EUR 64.59
Retained earnings / revenue reserves EUR 17,864.68
Balance sheet profit/loss (+/-)
EUR 1,442,537.01
Annual surplus / annual deficit
EUR 1,446,224.13
Transfer to reserve
EUR -3,687.12
Provisions
EUR 2,773,538.36
Provisions for taxes
EUR 990,252.96
Other / unspecified provisions
EUR 1,783,285.40
Liabilities
EUR 204,614.06
Other liabilities EUR 204,614.06
Trade creditors (for IAS incl. bills
of exchange)
EUR 103,559.06
Liabililties due to related companiesEUR 19,671.35
Unspecified other liabilities
EUR 81,383.65
thereof liabilities from tax /
financial authorities
EUR 17,647.26
thereof liabilities from social
security
EUR 7,011.01
Guarantees and other commitments
EUR 28,000,000.00
Liability from creation of a security
interest for third parties
EUR 28,000,000.00
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code
(HGB)
Sales EUR 19,187,437.18
Manufacturing costs
EUR 12,293,969.38
Gross result on sales
EUR 6,893,467.80
Distribution costs
EUR 3,876,789.79
General
administration expenses EUR 1,056,051.41
Other operating income
EUR 296,284.58
Other operating expenses
EUR 166,064.59
Operating result from continuing
operations EUR 2,090,846.59
Interest result (+/-)
EUR -3,693.01
Interest and similar income
EUR 16,547.63
Interest and similar expenses
EUR 20,240.64
Financial result (+/-)
EUR -3,693.01
Result from ordinary operations (+/-)
EUR 2,087,153.58
Income tax / refund of income tax (+/-)EUR -640,929.45
Tax
(+/-)
EUR -640,929.45
Annual surplus / annual deficit
EUR 1,446,224.13
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.09 |
|
UK Pound |
1 |
Rs.101.59 |
|
Euro |
1 |
Rs.84.65 |
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.