|
Report No. : |
336250 |
|
Report Date : |
11.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
KARL MAYER TEXTILMASCHINENFABRIK GMBH |
|
|
|
|
Registered Office : |
Brühlstr. 25, D 63179 Obertshausen, Post
Box: 11 20, D 63166 Obertshausen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Year of Establishment : |
1937 |
|
|
|
|
Com. Reg. No.: |
HRB 2203 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of Machinery for
Textile, Apparel and Leather Production. |
|
|
|
|
No. of Employees : |
1,074 |
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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, 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 |
KARL
MAYER TEXTILMASCHINENFABRIK GMBH
Brühlstr. 25
D 63179 Obertshausen
Post Box:
11 20, D 63166 Obertshausen
Telephone:06104/4020
Telefax:
06104/402600
Homepage: www.karlmayer.com
E-mail:
info@karlmayer.com
Active
DE113563493
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1937
Shareholders'
agreement: 26.10.1949
Registered on: 01.12.1949
Commercial Register: Local court 63065 Offenbach
under: HRB
2203
EUR
15,000,000.00
KARL MAYER
Verwaltungsgesellschaft mbH
Brühlstr. 25
D 63179 Obertshausen
Legal form: Private
limited company
Share capital: EUR 4,000,000.00
Share: EUR 14,100,000.00
Registered on: 19.12.2005
Reg. data: 63065
Offenbach, HRB 42030
Shareholder:
KARL MAYER
Vermögensverwaltungs GmbH & Co.
KG
Brühlstr. 25
D 63179 Obertshausen
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 100.00
contribution:
Share: EUR 900,000.00
Registered on: 18.05.2005
Reg. data: 63065
Offenbach, HRA 40507
President of the Board of Management:
Dr. Helmut Preßl
D 63263 Neu-Isenburg
authorized to jointly
represent the company
born: 03.08.1963
Marital status:
unknown
Manager:
Arno Karl Heinz Gärtner
Alemannenring 35
D 63791 Karlstein
authorized to jointly
represent the company
born: 31.01.1968
Profession: graduate
engineer
Marital status: unknown
Further functions/participations of Dr. Helmut
Preßl (President
of
the Board of Management)
Manager:
KARL MAYER
Verwaltungsgesellschaft mbH
Brühlstr. 25
D 63179 Obertshausen
Legal form: Private
limited company
Share capital: EUR 4,000,000.00
Registered
on: 19.12.2005
Reg. data: 63065 Offenbach, HRB 42030
Manager:
KARL MAYER Holding
Verwaltungs GmbH
Brühlstr. 25
D 63179 Obertshausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 01.11.2005
Reg. data: 63065 Offenbach, HRB 41935
Further functions/participations of Arno Karl
Heinz Gärtner
(Manager)
Manager:
KARL MAYER Holding
Verwaltungs GmbH
Brühlstr. 25
D 63179 Obertshausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 01.11.2005
Reg. data: 63065 Offenbach, HRB 41935
Manager:
KARL MAYER Malimo
Textilmaschinenfabrik GmbH
Mauersbergerstr. 2
D 09117 Chemnitz
Legal form: Private
limited company
Share capital: EUR 5,200,000.00
Registered
on: 07.10.1997
Reg. data: 09112 Chemnitz, HRB 14782
Manager:
KARL MAYER
Verwaltungsgesellschaft mbH
Brühlstr. 25
D 63179 Obertshausen
Legal form: Private
limited company
Share capital: EUR 4,000,000.00
Registered
on: 19.12.2005
Reg. data: 63065 Offenbach, HRB 42030
05.01.2012 - 09.07.2013 President of the Board of Management
Fritz Peter Mayer
D 60528 Frankfurt
Main industrial sector
28940
Manufacture of machinery for textile, apparel and leather production
Secondary industrial sector
96090
Other service activities n. e. c.
Shareholder:
KARL MAYER Malimo
Textilmaschinenfabrik GmbH
Mauersbergerstr. 2
D 09117 Chemnitz
Legal form: Private
limited company
Company Status: active
Share capital: EUR 5,200,000.00
Share: EUR 5,200,000.00
Reg. data: 07.10.1997
Local court
09112 Chemnitz
HRB 14782
Shareholder:
KARL MAYER LIBA
Textilmaschinenfabrik GmbH
Oberklingensporn 1
D 95119 Naila
Post Box:
11 20
Legal form: Private
limited company
Company Status: active
Share capital: EUR 3,500,000.00
Share: EUR 2,800,000.00
Reg. data: 27.03.1947
Local court 95030 Hof
HRB 56
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: proprietor
Share: 100.00 %
Address Brühlstr. 25
D 63179 Obertshausen
Type of real estate: residential and business
location
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 63065 OFFENBACH AM MAIN
Sort. code: 50570018, Account no.: 1048958
BIC: DEUTDEFF505, IBAN: DE08505700180104895800
Further bank
COMMERZBANK, 63003 OFFENBACH AM MAIN
Sort. code: 50540028, Account no.: 4418000
BIC:
COBADEFFXXX, IBAN: DE21505400280441800000
Turnover: 2013 EUR 306,326,863.00
Profit: 2013 EUR 6,917,354.00
Equipment: EUR 7,418,516.00
Ac/ts receivable: EUR 156,315,581.00
Liabilities: EUR 27,055,188.00
Employees:
1,074
-
thereof permanent staff: 991
-
Trainees:
83
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 65.66
Liquidity ratio: 2.06
Return on total capital [%]: 3.26
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 61.80
Liquidity ratio: 4.38
Return on total capital [%]: 6.06
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 69.01
Liquidity ratio: 10.00
Return on total capital [%]: 16.15
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 73.08
Liquidity ratio: 10.00
Return on total capital [%]: 6.69
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 319,958,405.81
Fixed assets
EUR 72,022,977.32
Intangible assets
EUR 2,879,948.19
Concessions, licences, rights
EUR 2,597,505.00
Advance payments for intang. assets
EUR 282,443.19
Tangible assets
EUR 55,829,575.34
Land / similar rights
EUR 36,544,763.72
Plant / machinery
EUR 9,428,252.00
Other tangible assets / fixtures and
fittings
EUR 7,418,515.57
Advance payments made / construction
in progress
EUR 2,438,044.05
Financial assets
EUR 13,313,453.79
Shares in participations /
subsidiaries and the like EUR
10,267,009.73
Shares in related companies
EUR 10,267,009.73
Other loans
EUR 3,046,444.06
Current assets
EUR 246,442,566.10
Stocks EUR 85,454,816.02
Raw materials, consumables and
supplies
EUR 35,436,191.89
Finished goods / work in progress
EUR 50,018,624.13
Accounts receivable
EUR 156,315,581.25
Trade debtors
EUR 9,209,692.12
Amounts due from related companies
EUR 136,166,152.95
Other debtors and assets
EUR 10,939,736.18
Investments in current assets EUR 1,943,536.00
Other investments
EUR 1,943,536.00
Liquid means
EUR 2,728,632.83
Remaining other assets
EUR 1,492,862.39
Accruals (assets) EUR 168,736.59
Deferred taxes (assets)
EUR 1,324,125.80
LIABILITIES EUR 319,958,405.81
Shareholders' equity
EUR 247,029,175.19
Capital
EUR 15,000,000.00
Subscribed capital (share capital)
EUR 15,000,000.00
Reserves
EUR 150,676,876.00
Capital reserves
EUR 36,448,745.56
Retained earnings / revenue reserves EUR 114,228,130.44
Balance sheet profit/loss (+/-)
EUR 81,352,299.19
Profit / loss brought forward
EUR 74,434,945.10
Annual surplus / annual deficit
EUR 6,917,354.09
Provisions
EUR 44,982,064.00
Pension provisions and comparable
provisions
EUR 14,113,211.00
Provisions for taxes
EUR 1,359,135.00
Other / unspecified provisions
EUR 29,509,718.00
Liabilities
EUR 27,055,187.60
Other liabilities
EUR 27,055,187.60
Trade creditors (for IAS incl. bills
of exchange)
EUR 4,362,772.37
Liabilities from received advance
payments
EUR 9,946,332.12
Liabililties due to related companiesEUR 11,059,026.50
Unspecified other liabilities
EUR 1,687,056.61
thereof liabilities from social
security
EUR 92,491.03
Other liabilities
EUR 891,979.02
Deferrals (liabilities)
EUR 891,979.02
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 306,326,862.73
Inventory change + own costs (+/-)
EUR -2,638,056.61
Inventory change (+/-)
EUR -3,206,786.37
Capitalised own costs
EUR 568,729.76
Other operating income
EUR 22,269,336.58
Cost of materials
EUR 192,162,274.64
Raw
materials and supplies, purchased
goods
EUR 146,061,371.11
Purchased services
EUR 46,100,903.53
Gross result (+/-)
EUR 133,795,868.06
Staff expenses EUR 72,786,976.47
Wages and salaries
EUR 59,998,192.93
Social security contributions and
expenses for pension plans and
benefits
EUR 12,788,783.54
Total depreciation EUR 5,839,704.45
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 5,839,704.45
Other operating expenses
EUR 32,090,114.40
Operating result from continuing
operations
EUR 23,079,072.74
Result from participating interests
(+/-)
EUR -1,536,899.60
Expenses for participations
EUR 1,536,899.60
Expenses for other participations
EUR 1,536,899.60
Interest result (+/-)
EUR 39,993.79
Interest and similar income
EUR 796,767.02
thereof from related companies
EUR 169,483.66
Interest and similar expenses
EUR 756,773.23
thereof paid to related companies
EUR 10,583.68
Other financial result
EUR -8,877,270.83
Income from securities and loans from
financial assets
EUR 9,413.17
thereof related companies
EUR 419.33
Depreciation on financial assets and
marketable securities
EUR 8,886,684.00
Financial result (+/-)
EUR -10,374,176.64
Result from ordinary operations (+/-)
EUR 12,704,896.10
Income tax / refund of income tax (+/-)EUR -5,787,542.01
Tax
(+/-) EUR -5,787,542.01
Annual surplus / annual deficit
EUR 6,917,354.09
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR
329,303,329.97
Fixed assets
EUR 75,745,611.07
Intangible assets
EUR 2,988,862.00
Concessions, licences, rights
EUR 2,988,862.00
Tangible assets EUR 53,146,549.42
Land / similar rights
EUR 37,867,890.26
Plant / machinery
EUR 5,617,746.00
Other tangible assets / fixtures and
fittings
EUR 6,376,530.35
Advance payments made / construction
in progress
EUR 3,284,382.81
Financial assets
EUR 19,610,199.65
Shares in participations /
subsidiaries
and the like EUR 19,148,009.73
Shares in related companies
EUR 19,148,009.73
Loans to participations /
subsidiaries and the like
EUR 400,000.00
Loans to related companies
EUR 400,000.00
Other loans
EUR 62,189.92
Current assets
EUR 252,117,358.06
Stocks
EUR 83,992,259.11
Raw materials, consumables and
supplies
EUR 31,471,518.27
Finished goods / work in progress
EUR 52,520,740.84
Accounts receivable
EUR 140,308,758.04
Trade debtors EUR
13,174,395.93
Amounts due from related companies
EUR 124,285,568.62
Other debtors and assets
EUR 2,848,793.49
Investments in current assets
EUR 1,908,844.00
Liquid means EUR 25,907,496.91
Remaining other assets
EUR 1,440,360.84
Accruals (assets)
EUR 201,839.83
Deferred taxes (assets)
EUR 1,238,521.01
LIABILITIES EUR 329,303,329.97
Shareholders' equity
EUR 244,111,821.10
Capital
EUR 15,000,000.00
Subscribed capital (share capital)
EUR 15,000,000.00
Reserves
EUR 150,676,876.00
Capital reserves
EUR 36,448,745.56
Retained earnings / revenue reserves EUR 114,228,130.44
Balance sheet profit/loss (+/-)
EUR 78,434,945.10
Profit / loss brought forward
EUR 64,921,327.39
Annual surplus / annual deficit
EUR 13,513,617.71
Provisions
EUR 50,745,980.00
Pension provisions and comparable
provisions EUR 13,607,496.00
Provisions for taxes
EUR 1,254,389.00
Other / unspecified provisions
EUR 35,884,095.00
Liabilities
EUR 33,971,677.19
Other liabilities
EUR 33,971,677.19
Trade creditors (for IAS incl. bills
of exchange)
EUR 7,173,348.65
Liabilities from received advance
payments EUR 9,580,575.61
Liabililties due to related companiesEUR 16,543,949.11
Unspecified other liabilities
EUR 673,803.82
thereof liabilities from social
security
EUR 60,925.26
Other liabilities
EUR 473,851.68
Deferrals (liabilities)
EUR 473,851.68
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 297,467,873.01
Inventory change + own costs (+/-)
EUR -10,819,909.54
Inventory change (+/-)
EUR -11,345,014.22
Capitalised own costs
EUR 525,104.68
Other operating income
EUR 13,332,204.98
Cost of materials
EUR 166,601,333.54
Raw materials and supplies, purchased
goods
EUR 121,103,927.69
Purchased services EUR 45,497,405.85
Gross result (+/-)
EUR 133,378,834.91
Staff expenses
EUR 72,571,680.07
Wages and salaries
EUR 58,646,845.03
Social security contributions and
expenses for pension plans and
benefits
EUR 13,924,835.04
Total depreciation
EUR 5,495,206.80
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 5,495,206.80
Other operating expenses
EUR 30,312,379.40
Operating result from continuing
operations
EUR 24,999,568.64
Result from participating interests
(+/-)
EUR -5,011,315.57
Expenses for participations
EUR 5,011,315.57
Expenses for other participations
EUR 5,011,315.57
Interest result (+/-) EUR 898,585.48
Interest and similar income
EUR 1,660,272.25
thereof from related companies
EUR 229,156.90
Interest and similar expenses
EUR 761,686.77
Other financial result
EUR -2,666,426.05
Income from securities and loans from
financial assets
EUR 8,374.73
thereof related companies
EUR 5,210.68
Depreciation on financial assets and
marketable securities
EUR 2,674,800.78
Financial result (+/-)
EUR -6,779,156.14
Result from ordinary operations (+/-)
EUR 18,220,412.50
Income
tax / refund of income tax (+/-)EUR
-4,706,794.79
Tax
(+/-)
EUR -4,706,794.79
Annual surplus / annual deficit
EUR 13,513,617.71
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.98.76 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.