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Report No. : |
335875 |
|
Report Date : |
10.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
MARMARA IMPORT-EXPORT GMBH |
|
|
|
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Registered Office : |
Sandstr. 23, D 40878 Ratingen |
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|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
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|
|
|
Date of Incorporation : |
03.06.1980 |
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|
|
|
Com. Reg. No.: |
HRB 15769 |
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|
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Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
·
Non-specialized
Wholesale of Food, Beverages and Tobacco. · Wholesale of Perfume and Cosmetics, |
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|
|
|
No. of Employees : |
56 |
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 : |
Slow but correct |
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|
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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.
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 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 5.2% in 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private
investment. 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 plans to replace nuclear power with renewable energy, which accounted
for 27.8% of gross electricity consumption in 2014, up from 9% in 2000. 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. Extremely low inflation, caused largely by low global energy prices
and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
MARMARA
Import-Export GmbH
Company Status: active
Main address: Sandstr.
23
D
40878 Ratingen
Telephone:02102/2044400
Telefax:
02102/2044399
Homepage: www.marmara.de
E-mail:
info@marmara.de
Legal office: Ulmenstr.
275
D 40468 Düsseldorf
VAT
no.: DE119368410
Tax
ID number: 105/5830/0062
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 03.06.1980
Shareholders'
agreement: 03.06.1980
Registered on: 18.09.1980
Commercial Register: Local court 40227 Düsseldorf
under: HRB
15769
EUR 511,291.88
Shareholder:
Hüseyin Kuru
Bloemstr. 2
D 40468 Düsseldorf
born: 12.02.1954
Share: EUR 260,758.86
Shareholder:
Mülahim Kuru
Auf dem Rade 39
D 30952 Ronnenberg
born: 13.03.1965
Share: EUR 125,266.51
Shareholder:
Mustafa Kuru
August-Prell-Str. 36
D 40885 Ratingen
born: 15.04.1956
Share: EUR 125,266.51
Manager:
Hüseyin Kuru
Bloemstr. 2
D 40468
Düsseldorf
having sole power of
representation
born: 12.02.1954
Profession: graduate
engineer
Marital status: married
Proxy:
Mustafa Kuru
August-Prell-Str. 36
D 40885 Ratingen
having sole power of
representation
born: 15.04.1956
Marital status: married
Further functions/participations of Hüseyin
Kuru (Manager)
Shareholder:
Kuru GmbH
Sandstr. 23
D 40878 Ratingen
Legal form: Private
limited company
Share capital: EUR 51,129.19
Share: EUR 51,129.19
Registered
on: 02.09.2005
Reg. data: 40227 Düsseldorf, HRB 52416
Shareholder:
KULE Import GmbH
Josef-Eicher-Str. 10
D 60437 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,564.59
Share: EUR 7,669.38
Registered
on: 13.10.1989
Reg. data: 60313 Frankfurt, HRB 31072
Manager:
INTERDAT Unternehmensberatung
GmbH
Sandstr. 23
D 40878 Ratingen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 21.02.1990
Reg. data: 40227 Düsseldorf, HRB 25289
Manager:
KULE Import GmbH
Josef-Eicher-Str. 10
D 60437 Frankfurt
Legal form: Private limited company
Share capital: EUR 25,564.59
Registered
on: 13.10.1989
Reg. data: 60313 Frankfurt, HRB 31072
Manager:
Kuru GmbH
Sandstr. 23
D 40878 Ratingen
Legal form: Private
limited company
Share capital: EUR 51,129.19
Registered
on: 02.09.2005
Reg. data: 40227 Düsseldorf, HRB 52416
18.09.1980 - 01.07.2013 MARMARA Import-Export GmbH
Ulmenstr. 275
D 40468 Düsseldorf
Private limited
company
Main industrial sector
4639
Non-specialized wholesale of food, beverages and tobacco
4645
Wholesale of perfume and cosmetics
Works:
MARMARA Import-Export
GmbH
Ulmenstr. 275
D 40468 Düsseldorf
Payment experience: within periods customary in this trade
Negative information:We have no negative information
at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Sandstr.
23
D 40878 Ratingen
Land register documents were not available.
ISBANK FIL DÜSSELDORF, 40210 DÜSSELDORF
Sort. code: 30130600, Account no.: 24430006
BIC: ISBKDEFXDUS, IBAN: DE57301306000024430006
GARANTIBANK INTERNATIONAL, 40213 DÜSSELDORF
Sort. code: 30130200
BIC: UGBIDEDDXXX
Turnover: 2013 EUR 32,649,972.00
Profit: 2013 EUR 206,580.00
Equipment: EUR 390,477.00
Ac/ts receivable: EUR 4,618,048.00
Liabilities: EUR 8,682,322.00
Employees:
56
-
thereof permanent staff: 46
-
Part-time employees: 10
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 9.66
Liquidity ratio: 0.58
Return on total capital [%]: 2.05
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 8.79
Liquidity ratio: 0.60
Return on total capital [%]: 0.95
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 7.76
Liquidity ratio: 0.59
Return on total capital [%]: 0.72
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 8.15
Liquidity ratio: 0.57
Return on total capital [%]: 0.12
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: 01.01.2013 - 31.12.2013
ASSETS EUR 10,393,052.68
Fixed assets
EUR 533,227.51
Intangible assets
EUR 1.00
Concessions, licences, rights
EUR 1.00
Tangible assets
EUR 390,476.51
Other tangible assets / fixtures and
fittings
EUR 390,476.51
Financial assets
EUR 142,750.00
Shares in participations /
subsidiaries and the like EUR 142,750.00
Shares in investee companies
EUR 142,750.00
Current assets
EUR 9,842,173.20
Stocks
EUR 4,461,109.41
Finished goods / work in progress
EUR 4,461,109.41
Accounts receivable
EUR 4,618,048.49
Trade debtors
EUR 4,565,940.49
Other debtors and assets
EUR 52,108.00
Liquid means
EUR 763,015.30
Remaining other assets
EUR 17,651.97
Accruals (assets)
EUR 17,651.97
thereof disagio
EUR 24.60
LIABILITIES EUR 10,393,052.68
Shareholders' equity
EUR 1,003,572.11
Capital
EUR 511,291.88
Subscribed capital (share capital)
EUR 511,291.88
Balance sheet profit/loss (+/-)
EUR 492,280.23
Profit / loss brought forward
EUR 285,700.00
Annual surplus / annual deficit
EUR 206,580.23
Provisions
EUR 707,158.74
Pension provisions and comparable
provisions
EUR 440,292.64
Provisions for taxes
EUR 89,735.86
Other / unspecified provisions
EUR 177,130.24
Liabilities
EUR 8,682,321.83
Financial debts
EUR 1,579,184.93
Liabilities due to banks
EUR 1,579,184.93
Other liabilities
EUR 7,103,136.90
Trade creditors (for IAS incl. bills
of exchange)
EUR 6,890,441.27
Unspecified other liabilities
EUR 212,695.63
thereof liabilities from tax /
financial authorities EUR 64,618.41
thereof liabilities from social
security
EUR 11,063.88
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 32,649,972.34
Other operating income
EUR 790,259.16
Cost of materials
EUR 28,563,315.73
Raw materials and supplies, purchased
goods
EUR 28,563,315.73
Gross result (+/-)
EUR 4,876,915.77
Staff expenses
EUR 1,981,317.39
Wages and salaries
EUR 1,629,758.30
Social security contributions and
expenses for pension plans and
benefits
EUR 351,559.09
Total depreciation
EUR 137,499.69
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 137,499.69
Other operating expenses
EUR 2,228,764.50
Operating result from continuing
operations
EUR 529,334.19
Interest result (+/-) EUR -159,871.19
Interest and similar income
EUR 40.80
Interest and similar expenses
EUR 159,911.99
Financial result (+/-)
EUR -159,871.19
Result from ordinary operations (+/-)
EUR 369,463.00
Extraordinary expenses
EUR 6,754.20
Extraordinary result (+/-)
EUR -6,754.20
Income tax / refund of income tax (+/-)EUR -131,267.86
Other
taxes / refund of taxes EUR -24,860.71
Tax
(+/-)
EUR -156,128.57
Annual surplus / annual deficit
EUR 206,580.23
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 9,067,953.09
Fixed assets
EUR 394,062.51
Intangible assets
EUR 1.00
Other / unspecified intangible assetsEUR 1.00
Tangible assets
EUR 251,311.51
Other tangible assets / fixtures and
fittings
EUR 251,311.51
Financial assets
EUR 142,750.00
Shares in participations /
subsidiaries and the like
EUR 142,750.00
Shares in investee companies
EUR 142,750.00
Current assets
EUR 8,656,438.65
Stocks
EUR 3,538,859.59
Accounts receivable
EUR 3,890,843.11
Other debtors and assets
EUR 3,890,843.11
Liquid means EUR 1,226,735.95
Remaining other assets
EUR 17,451.93
Accruals (assets)
EUR 17,451.93
LIABILITIES EUR 9,067,953.09
Shareholders' equity
EUR 796,991.88
Capital
EUR 511,291.88
Subscribed capital (share capital)
EUR 511,291.88
Balance sheet profit/loss (+/-)
EUR 285,700.00
Profit / loss brought forward EUR 206,221.13
Annual surplus / annual deficit
EUR 79,478.87
Provisions
EUR 571,439.21
Liabilities
EUR 7,699,522.00
Financial debts
EUR 2,234,637.98
Liabilities due to banks
EUR 2,234,637.98
Other liabilities
EUR 5,464,884.02
Unspecified other liabilities
EUR 5,464,884.02
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 4,460,884.47
Staff expenses
EUR 1,924,763.41
Wages and salaries EUR 1,550,183.32
Social security contributions and
expenses for pension plans and
benefits
EUR 374,580.09
Total depreciation
EUR 119,311.93
Depreciation
on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 119,311.93
Other operating expenses
EUR 2,043,385.97
Operating result from continuing
operations
EUR 373,423.16
Interest result (+/-)
EUR -198,359.07
Interest and similar income
EUR 815.22
Interest and similar expenses
EUR 199,174.29
Financial result (+/-)
EUR -198,359.07
Result from ordinary operations (+/-)
EUR 175,064.09
Extraordinary expenses
EUR 6,754.20
Extraordinary result (+/-)
EUR -6,754.20
Income tax / refund of income tax (+/-)EUR -82,640.38
Other taxes / refund of taxes
EUR -6,190.64
Tax
(+/-)
EUR -88,831.02
Annual surplus / annual deficit
EUR 79,478.87
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.81 |
|
|
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
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Report Prepared
by : |
NIT |
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.