|
Report No. : |
306667 |
|
Report Date : |
06.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
MARC O'POLO INTERNATIONAL GMBH |
|
|
|
|
Registered Office : |
Hofgartenstr. 1, D 83071
Stephanskirchen, Post Box: 1153 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.05.2013 |
|
|
|
|
Date of Incorporation : |
09.01.1980 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture
of other outerwear ·
Wholesale
of clothing ·
Retail
sale of textiles |
|
|
|
|
No. of Employees : |
607 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
MARC O'POLO INTERNATIONAL GMBH
Company Status: active
Hofgartenstr. 1
D 83071 Stephanskirchen
Post Box: 11 53
Telephone:08036/90-0
Telefax:
08036/901890
Homepage:
www.marc-o-polo.de
E-mail:
Zentrale@marc-o-polo.de
VAT
no.: DE131184524
Tax
ID number: 156/116/05010
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 09.01.1980
Shareholders'
agreement: 09.01.1980
Registered on: 18.03.1980
Commercial Register: Local court 83278
Traunstein
under: HRB 2412
Share capital: EUR 1,500,000.00
Shareholder:
Marc O'Polo AG
Hofgartenstr. 1
D 83071 Stephanskirchen
Legal form: Public
limited company
Share capital: EUR
22,949,278.00
Share: EUR 1,500,000.00
Registered on: 23.07.1996
Reg. data: 83278
Traunstein, HRB 10183
Control and profit
transfer agreement
Manager:
Alexander Gedat
Am Stöckl 6
D 83026 Rosenheim
having sole power of
representation
born: 03.07.1964
Profession: Management
expert
Marital status: unknown
Manager:
Andreas Baumgärtner
D 82031 Grünwald
born: 11.06.1964
Manager:
Jürgen Hahn
D 83071 Stephanskirchen
born: 10.09.1965
Further functions/participations of Alexander
Gedat (Manager)
Manager:
Marc O'Polo Shoes &
Accessories GmbH
Hofmühlstr. 34
D 83071 Stephanskirchen
Post Box:
11 53, D 83065
Stephanskirchen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 30.06.1993
Reg. data: 83278 Traunstein, HRB 8273
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
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
Member of the Board of Directors:
Marc OPolo License AG
Hofgartenstr. 1
D 83071 Stephanskirchen
Legal form: Public limited company
Share capital: EUR 64,397.00
Registered
on: 17.11.2014
Reg. data: 83278 Traunstein, HRB 23892
Further functions/participations of Andreas
Baumgärtner (Manager)
Member 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
Member of the Board of Directors:
Marc OPolo License AG
Hofgartenstr. 1
D 83071 Stephanskirchen
Legal form: Public
limited company
Share capital: EUR 64,397.00
Registered
on: 17.11.2014
Reg. data: 83278 Traunstein, HRB 23892
Further functions/participations of Jürgen
Hahn (Manager)
Member 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
Member of the Board of Directors:
Marc OPolo License AG
Hofgartenstr. 1
D 83071 Stephanskirchen
Legal form: Public
limited company
Share capital: EUR 64,397.00
Registered
on: 17.11.2014
Reg. data: 83278 Traunstein, HRB 23892
Proxy:
Dr. Ebner, Dr. Stolz und
Partner GmbH
Arnulfstr. 27
D 80335 München
Legal form: Private
limited company
Share capital: EUR 562,421.09
Registered
on: 09.12.1998
Reg. data: 80333 München, HRB 123495
18.03.1980 - 27.12.1983 Fashion Products - Böck Handels-GmbH
D 83022
Rosenheim
Private limited
company
27.12.1983 - 06.08.1991 Fashion Products - Böck Handels-GmbH
Hofmühlstr. 34
D 83071
Stephanskirchen
Private limited company
06.08.1991 - 09.05.1997 Jake`s Fashion Products GmbH
Hofmühlstr. 32
D 83071
Stephanskirchen
Private limited
company
09.05.1997 - 16.09.1997 Marc O`Polo Textilvertrieb Werner Böck
GmbH
Hofmühlstr. 32
D 83071
Stephanskirchen
Private limited
company
16.09.1997 - 19.01.2001 Marc O'Polo GmbH
Hofmühlstr. 32
D 83071
Stephanskirchen
Private limited
company
Main industrial sector
1413
Manufacture of other outerwear
46421
Wholesale of clothing
4751
Retail sale of textiles
Branch:
Marc O'Polo International
GmbH
Alter Wandrahm 8
D 20457 Hamburg
TEL.: 0172/8300404
Branch:
Marc O'Polo International
GmbH
Karl-Arnold-Platz 1
D 40474 Düsseldorf
Branch:
Marc O'Polo International
GmbH
Osterwaldstr. 10
D 80805 München
Shareholder:
Marc O'Polo Einzelhandels
GmbH
Hofgartenstr. 1
D 83071 Stephanskirchen
Legal form: Private limited
company
Company Status: active
Share capital: EUR 300,000.00
Share: EUR 300,000.00
Reg. data: 23.01.1991
Local court 83278 Traunstein
HRB 6720
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address
Hofgartenstr. 1
D 83071 Stephanskirchen
Land register documents were not available.
SPARKASSE ROSENHEIM-BAD AIBLING, 83004
ROSENHEIM, OBERBAY
Sort. code: 71150000
BIC: BYLADEM1ROS
UNICREDIT
BANK - HYPOVEREINSBANK, 83001 ROSENHEIM, OBERBAY
Sort. code: 71120077
BIC: HYVEDEMM448
Turnover: 2012/2013 EUR 22,798,048.00
Profit: 2012/2013 EUR 1,762,981.00
Equipment: EUR
259,590.00
Ac/ts receivable: EUR 1,547,722.00
Liabilities: EUR
678,427.00
Employees: 607
Control and profit transfer agreement to:
Marc O'Polo AG
Hofgartenstr. 1
D 83071 Stephanskirchen
Balance sheet ratios 01.06.2012 - 31.05.2013
Equity ratio [%]: 9.86
Liquidity ratio: 0.85
Return on total capital [%]: 36.62
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: 01.06.2012 - 31.05.2013
ASSETS EUR 95,627,953.11
Fixed assets EUR 15,963,132.58
Intangible assets
EUR 4,231,354.53
Concessions, licences, rights
EUR 3,197,260.56
Advance payments for intang. assets
EUR 1,034,093.97
Tangible assets
EUR 9,740,582.05
Other tangible assets / fixtures and
fittings
EUR 9,740,582.05
Financial assets
EUR 1,991,196.00
Shares in participations /
subsidiaries and the like
EUR 1,991,195.00
Shares in related companies
EUR 1,991,195.00
Loans to participations /
subsidiaries and the like
EUR 1.00
Loans to related companies
EUR 1.00
Current assets
EUR 78,686,652.60
Stocks
EUR 13,296,346.98
Raw materials, consumables and
supplies EUR 90,000.00
Finished goods / work in progress
EUR 12,978,757.84
Advance payments made
EUR 227,589.14
Accounts receivable
EUR 64,701,702.55
Trade
debtors EUR 11,061,861.59
Amounts due from related companies
EUR 52,517,146.38
Other debtors and assets
EUR 1,122,694.58
Liquid means
EUR 688,603.07
Remaining other assets
EUR 978,167.93
Accruals (assets)
EUR 978,167.93
LIABILITIES EUR 95,627,953.11
Shareholders' equity
EUR 9,427,325.02
Capital
EUR 1,500,000.00
Subscribed capital (share capital)
EUR 1,500,000.00
Reserves
EUR 7,500,000.00
Capital reserves EUR 7,500,000.00
Balance sheet profit/loss (+/-)
EUR 427,325.02
Profit / loss brought forward
EUR 427,325.02
Provisions
EUR 8,280,199.58
Pension
provisions and comparable
provisions
EUR 35,611.00
Provisions for taxes
EUR 54,687.37
Other / unspecified provisions
EUR 8,189,901.21
Liabilities EUR 77,167,230.39
Other liabilities
EUR 77,167,230.39
Trade creditors (for IAS incl. bills
of exchange)
EUR 5,557,744.67
Liabililties due to related companiesEUR 70,554,772.17
Unspecified other liabilities
EUR 1,054,713.55
Other liabilities
EUR 753,198.12
Deferrals (liabilities)
EUR 753,198.12
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code
(HGB)
Sales
EUR 223,066,119.43
Manufacturing costs
EUR 127,795,268.23
Gross result on sales
EUR 95,270,851.20
Distribution costs
EUR 64,833,150.51
General administration expenses
EUR 13,143,895.52
Other operating income
EUR 22,695,493.78
Other operating expenses
EUR 10,655,014.56
Operating result from continuing
operations
EUR 29,334,284.39
Result from participating interests
(+/-)
EUR 6,591,878.17
Expenses / income from participations EUR 6,591,878.17
Income from transfer of profits
EUR 5,124,614.79
Income from related companies
EUR 1,467,263.38
Interest result (+/-)
EUR -901,433.30
Interest
and similar income EUR 1,350,180.08
Interest and similar expenses
EUR 2,251,613.38
Financial result (+/-)
EUR 5,690,444.87
Result from ordinary operations (+/-)
EUR 35,024,729.26
Expenses for transfer of profits to a
parent company
EUR 35,017,101.71
Income tax / refund of income tax (+/-)EUR -26,579.93
Other taxes / refund of taxes
EUR 18,952.38
Tax
(+/-)
EUR -7,627.55
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
|
1 |
Rs.94.07 |
|
Euro |
1 |
Rs.70.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.