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Report No. : |
356738 |
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Report Date : |
26.12.2015 |
IDENTIFICATION DETAILS
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Name : |
MAYER & CIE GMBH & CO. KG |
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Registered Office : |
Emil-Mayer-Str. 10, D 72461 Albstadt,
Post Box: 20 15 80, D 72438 Albstadt |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Year of Establishments : |
1905 |
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Com. Reg. No.: |
HRA 400260 |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
·
Machining
n.e.c. ·
Manufacture
of other general-purpose machinery ·
Manufacture
of machinery for textile, apparel and leather production ·
Agents
involved in the sale of iron, metal and plastic goods n.e.c. |
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No. of Employees : |
290 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 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 |
MAYER & CIE GMBH & CO. KG
Company Status: active
Emil-Mayer-Str. 10
D 72461 Albstadt
Post Box:
20 15 80, D 72438
Albstadt
Telephone:07432/700-0
Telefax: 07432/700-315
Homepage:
www.mayercie.com
E-mail: info@mayercie.com
Mayer & Cie GmbH & Co. KG
Rundstrickmaschinen
DE144843258
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1905
Registered on: 08.07.1905
Register of
companies: Local
court 70190 Stuttgart
under: HRA
400260
EUR
20,320,000.00
Limited partner:
Sibylle Mauthe-Mayer
Leimenstr. 16
D 72461 Albstadt
born: 15.08.1951
née: Mayer
Share: EUR 6,240,000.00
Limited partner:
Marcus Mayer
D 72336 Balingen
born: 05.01.1973
Share: EUR 3,520,000.00
Limited
partner:
Peter Mayer jun.
D 20095 Hamburg
born: 31.12.1969
Share: EUR 3,520,000.00
Limited partner:
Benjamin Mayer
D 72458 Albstadt
born: 07.01.1982
Share: EUR 3,316,800.00
Limited partner:
Sebastian Mayer
D 78462 Konstanz
born: 16.03.1983
Share: EUR 3,316,800.00
Limited partner:
Rainer Mayer
Alexander-von-Humboldt-Str.
23
D 72458 Albstadt
born: 18.08.1947
Share: EUR 406,400.00
General partner:
Mayer
Verwaltungs-Gesellschaftmit
beschränkter Haftung
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private
limited company
Share capital: EUR 60,000.00
Registered on: 15.11.1972
Reg. data: 70190
Stuttgart, HRB 400116
Shareholder:
Rainer Mayer
Alexander-von-Humboldt-Str.
23
D 72458 Albstadt
born: 18.08.1947
Share: EUR 30,000.00
Shareholder:
Marcus Mayer
D 72336 Balingen
born: 05.01.1973
Share: EUR 30,000.00
Proxy:
Sebastian Mayer
D 78462 Konstanz
having sole power of
representation
born: 16.03.1983
Proxy:
Rainer Müller
D 72379 Hechingen
authorized to jointly
represent the company
born: 22.01.1962
Proxy:
Wolfgang Müller
D 72461 Albstadt
authorized to jointly
represent the company
born: 10.05.1968
Proxy:
Klaus Sickinger
D 72336 Balingen
authorized to jointly
represent the company
born: 02.07.1964
Sectors
25620
Machining n.e.c.
28290
Manufacture of other general-purpose machinery
28940
Manufacture of machinery for textile, apparel and leather production
46154
Agents involved in the sale of iron, metal and plastic goods n.e.c.
Limited partner:
IVGD GmbH & Co. KG
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 3,500,000.00
contribution:
Share: EUR 3,500,000.00
Reg. data: 08.08.2011
Local court
70190 Stuttgart
HRA 726659
Limited partner:
Rüster Präzisionstechnik
GmbH & Co. KG
Jahnstr. 25-27
D 73326 Deggingen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: insolvent
since: 27.07.2012
Total cap. EUR 500,000.00
contribution:
Share: EUR 50,000.00
Reg. data: 09.08.1951
Local court
89073 Ulm
HRA 540524
Shareholder:
Mayer Recond GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private
limited company
Company Status:
insolvent
Share capital: EUR 800,000.00
Share: EUR 800,000.00
Reg. data: 19.05.1988
Local court
70190 Stuttgart
HRB 410539
Shareholder:
MCT International Holding
GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private
limited company
Company Status: active
Share capital: EUR 75,000.00
Share: EUR 75,000.00
Reg. data: 31.10.2001
Local court
70190 Stuttgart
HRB 401278
Shareholder:
SIPRA Patententwicklungs-
und
Beteiligungsgesellschaft
mbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private
limited company
Company Status: active
Share capital: EUR 60,000.00
Share: EUR 60,000.00
Reg. data: 01.01.1911
Local court
70190 Stuttgart
HRB 400485
Shareholder:
Verwaltungsgesellschaft
Hans Rüster mit
beschränkter Haftung
Jahnstr. 25-27
D 73326 Deggingen
Legal form: Private
limited company
Company Status: insolvent
since: 06.09.2012
Share capital: EUR 51,129.19
Share: EUR 51,129.19
Reg. data: 28.12.1967
Local court
89073 Ulm
HRB 540139
Shareholder:
IVGD-Beteiligungs-GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private
limited company
Company Status:
active
Share capital: EUR 25,600.00
Share: EUR 25,600.00
Reg. data: 12.12.1972
Local court
70190 Stuttgart
HRB 590141
Shareholder:
GridSystronic Energy GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private limited
company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 25,500.00
Reg. data: 02.03.2015
Local court 70190 Stuttgart
HRB 751947
Shareholder:
SPINIT Entwicklungs-und
Betreiber-GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private limited company
Company Status: insolvent
since: 28.10.2009
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 02.03.2006
Local court
70190 Stuttgart
HRB 401441
Shareholder:
MATEX Mayer
Textilmaschinen Vertriebs GmbH
Emil-Mayer-Str. 10
D 72461 Albstadt
Legal form: Private
limited company
Company Status: in
liquidation
since: 07.01.2014
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 09.10.2001
Local court
70190 Stuttgart
HRB 401269
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2010
Type of ownership: proprietor
Share: 100.00 %
Address Emil-Mayer-Str. 10
D 72461 Albstadt
Real Estate of: Mayer Verwaltungs-Gesellschaftmit
beschränkter Haftung
Type of ownership: Tenant
Address Emil-Mayer-Str. 10
D 72461 Albstadt
Real Estate of: Rainer Mayer
Type of ownership: proprietor
Share: 100.00 %
Address Alexander-von-Humboldt-Str. 23
D 72458 Albstadt
Type of real estate: Residential building
Residential floor 750,000.00 sq.m
space/ Usable floor
space:
Land register documents were not available.
Principal banks
COMMERZBANK, 72426 ALBSTADT, WÜRTT
Sort. code: 65340004, Account no.: 9402074
BIC:
COBADEFFXXX, IBAN: DE04653400040940207400
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101, Account no.: 4763264
BIC: SOLADEST600, IBAN: DE58600501010004763264
Turnover: 2013 EUR 76,158,000.00
2014 EUR 68,000,000.00
further business figures:
Equipment: EUR 227,929.00
Ac/ts receivable: EUR 18,779,057.00
Liabilities: EUR 19,221,510.00
Employees:
290
-
Part-time employees: 10
-
Trainees: 9
-
Temporary workers: 3
Balance sheet ratios 30.10.2010 - 31.12.2010
Equity ratio [%]: 45.08
Liquidity ratio: 1.18
Return
on total capital [%]: 2.06
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: 30.10.2010
- 31.12.2010
ASSETS EUR 42,392,155.48
Fixed assets
EUR 9,325,746.86
Intangible assets
EUR 17,462.63
Concessions, licences, rights
EUR 17,462.63
Tangible assets
EUR 5,832,340.76
Land / similar rights
EUR 4,295,344.69
Plant / machinery
EUR 735,508.77
Other tangible assets / fixtures and
fittings
EUR 227,928.50
Advance payments made / construction
in progress
EUR 573,558.80
Financial assets
EUR 3,475,943.47
Shares in participations /
subsidiaries and the like
EUR 3,425,943.47
Shares in related companies
EUR 3,425,432.06
Shares in investee companies
EUR 511.41
Loans to participations /
subsidiaries and the like
EUR 50,000.00
Loans to related companies
EUR 50,000.00
Current assets
EUR 33,039,536.96
Stocks
EUR 10,956,711.64
Raw materials, consumables and
supplies
EUR 4,555,321.49
Finished goods / work in progress
EUR 6,401,390.15
Accounts receivable
EUR 18,779,057.07
Trade debtors
EUR 11,074,150.21
Amounts due from related companies
EUR 5,035,713.87
Other debtors and assets
EUR 2,669,192.99
Liquid
means EUR 3,303,768.25
Remaining other assets
EUR 26,871.66
Accruals (assets)
EUR 26,871.66
LIABILITIES EUR 42,392,155.48
Shareholders' equity
EUR 19,115,361.82
Capital
EUR 18,656,553.82
Limited partner's capital / capital
of partially liable partner (LP)
EUR 18,656,553.82
Limited
partner's capital, fixed
capital, capital account I
EUR 25,400,000.00
- Loss brought forward account
EUR 6,743,446.18
Third party shares (+/-)
EUR 458,808.00
Items between shareholders' equity and
debt capital
EUR 0.00
Provisions
EUR 4,055,283.50
Pension provisions and comparable
provisions
EUR 679,783.11
Other / unspecified provisions
EUR 3,375,500.39
Liabilities
EUR 19,221,510.16
Financial debts
EUR 9,751,461.37
Liabilities due to banks
EUR 9,751,461.37
Other liabilities
EUR 9,470,048.79
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,993,476.58
Liabilities from received advance
payments EUR 3,364,183.54
Liabililties due to related companiesEUR 33,081.19
Liabilities due to investee companiesEUR 79,035.55
Unspecified other liabilities
EUR 3,000,271.93
Guarantees
and other commitments EUR 18,815,000.00
Discounted bills of exchange
EUR 6,399,000.00
Guarantees / warranties
EUR 12,416,000.00
Guarantees
EUR 6,399,000.00
Warranties
EUR 6,017,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 11,853,700.11
Inventory change + own costs (+/-)
EUR -578,334.70
Inventory change (+/-)
EUR -580,263.78
Capitalised own costs
EUR 1,929.08
Other operating income
EUR 1,855,908.41
Cost of materials EUR 5,185,176.99
Raw materials and supplies, purchased
goods
EUR 4,351,538.78
Purchased services
EUR 833,638.21
Gross result (+/-) EUR 7,946,096.83
Staff expenses
EUR 2,487,135.94
Wages and salaries
EUR 2,057,146.25
Social security contributions and
expenses for pension plans and
benefits EUR 429,989.69
Total depreciation
EUR 148,281.09
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 148,281.09
Other operating expenses
EUR 4,369,251.04
Operating result from continuing
operations
EUR 941,428.76
Result from participating interests
(+/-)
EUR -46,068.96
Expenses for participations
EUR 46,068.96
Expenses for other participations
EUR 46,068.96
Interest result (+/-)
EUR 37,016.84
Interest and similar income
EUR 195,110.18
Interest and similar expenses
EUR 158,093.34
Other financial result
EUR -49,999.00
Depreciation on financial assets and
marketable securities
EUR 49,999.00
Financial result (+/-)
EUR -59,051.12
Result from ordinary operations (+/-)
EUR 882,377.64
Expenses for transfer of profits to a
parent company
EUR 110,407.00
Income tax / refund of income tax (+/-)EUR 3,890.09
Other taxes / refund of taxes
EUR -11,916.58
Tax
(+/-)
EUR -8,026.49
Annual surplus / annual deficit
EUR 763,944.15
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.20 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.41 |
|
EUR |
1 |
Rs.72.55 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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 |
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|
-- |
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.