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Report No. : |
262852.2 |
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Report Date : |
20.02.2015 |
IDENTIFICATION DETAILS
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Name : |
SAINT MAURICE GMBH |
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Registered Office : |
Luisenstr. 60, D 75172 Pforzheim |
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Country : |
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Financials (as on) : |
30.06.2013 |
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Date of Incorporation : |
12.12.1980 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture of clocks and watches ·
Manufacture of jewelry and related
articles (except imitation jewelry) ·
Wholesale of clocks and watches and
jewelry |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 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 |
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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, 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 |
SAINT MAURICE GMBH
Company Status: active
Luisenstr. 60
D 75172 Pforzheim
Telephone:07231/13840
Telefax: 07231/351597
Homepage: www.saintmaurice.de
E-mail: info@saintmaurice.de
VAT no.: DE811192739
Business relations are
permissible.
LEGAL FORM Private limited company
Date of foundation: 12.12.1980
Shareholders'
agreement: 12.12.1980
Registered on: 22.12.1980
Commercial Register: Local
court 68159 Mannheim
under: HRB 501345
Share capital: EUR 511,291.88
Shareholder:
Franz
Breuning GmbH & Co.KG
Luisenstr. 60
D
75172 Pforzheim
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 10,000,000.00
contribution:
Share: EUR 511,291.88
Registered on: 16.07.2002
Reg.
data: 68159 Mannheim, HRA 501311
Manager:
Heinz-Dieter Franz Hujara
D
75210 Keltern
having
sole power of representation
born:
14.12.1950
22.12.1980 -
07.07.2001 Haugstätter GmbH
Belfortstr. 19
D
75172 Pforzheim
Private limited company
07.07.2001 -
11.02.2014 Saint Maurice GmbH
Belfortstr. 19
D
75172 Pforzheim
Private limited company
08.06.1999 -
11.02.2014 Manager
Andreas Dietz
D
75172 Pforzheim
Main industrial sector
26520 Manufacture of clocks and watches
32120 Manufacture of
jewelry and related articles (except
imitation jewelry)
46480 Wholesale of clocks
and watches and jewelry
Payment experience: within
agreed terms
Negative information:We have no negative information at hand.
Type of ownership: Tenant
Address Luisenstr. 60
D
75172 Pforzheim
Land register documents
were not available.
Principal bank
SPARKASSE PFORZHEIM CALW,
75162 PFORZHEIM
Sort. code: 66650085
BIC: PZHSDE66XXX
Further bank
BADEN-WÜRTTEMBERGISCHE
BANK, 75101 PFORZHEIM
Sort. code: 66620020
BIC: SOLADEST666
Turnover: 2011/2012 EUR 6,600,000.00
2012/2013 EUR 3,000,000.00
2013/2014 *EUR 3,000,000.00
Expected turnover: EUR 3,000,000.00
further business figures:
Equipment: *EUR 170,000.00
Ac/ts receivable: EUR 2,057,603.00
Liabilities: EUR 858,201.00
Employees: 20
The business figures marked
with an asterisk are estimates based
on average values in the
line of business.
Balance sheet ratios
01.07.2012 - 30.06.2013
Equity ratio [%]: 45.01
Liquidity ratio: 9.54
Return on total capital
[%]: -8.32
Balance sheet ratios
01.07.2011 - 30.06.2012
Equity ratio [%]: 47.81
Liquidity ratio: 8.77
Return on total capital
[%]: 1.77
Balance sheet ratios
01.07.2010 - 30.06.2011
Equity ratio [%]: 44.43
Liquidity ratio: 10.00
Balance sheet ratios
01.07.2009 - 30.06.2010
Equity ratio [%]: 25.92
Liquidity ratio: 4.65
Return on total capital
[%]: 0.99
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: 01.07.2012 - 30.06.2013
ASSETS EUR 2,229,993.20
Fixed assets
EUR 57,842.00
Intangible assets
EUR 3,826.00
Tangible assets
EUR 54,016.00
Current assets
EUR 2,155,365.95
Stocks
EUR 1,000.00
Accounts receivable
EUR 2,057,603.15
Liquid means
EUR 96,762.80
Remaining other assets
EUR 16,785.25
Accruals (assets)
EUR 16,785.25
LIABILITIES EUR 2,229,993.20
Shareholders' equity
EUR 459,029.04
Capital
EUR 511,291.88
Subscribed capital (share capital)
EUR 511,291.88
Reserves EUR 1,620.00
Retained earnings / revenue reserves EUR 1,620.00
Balance sheet profit/loss (+/-)
EUR -53,882.84
Balance sheet profit / loss
EUR -53,882.84
Provisions EUR 911,163.36
Liabilities
EUR 858,200.80
Other liabilities
EUR 1,600.00
Deferrals (liabilities)
EUR 1,600.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.07.2011 - 30.06.2012
ASSETS EUR 2,437,559.14
Fixed assets
EUR 51,143.00
Intangible
assets EUR 11,495.00
Other / unspecified intangible assetsEUR 11,495.00
Tangible assets
EUR 39,648.00
Other / unspecified tangible assets
EUR 39,648.00
Current assets
EUR 2,382,362.40
Stocks
EUR 1,000.00
Other / unspecified stocks
EUR 1,000.00
Accounts receivable
EUR 2,314,190.39
Other debtors and assets
EUR 2,314,190.39
Liquid means
EUR 67,172.01
Remaining other assets
EUR 4,053.74
Accruals (assets) EUR 4,053.74
LIABILITIES EUR 2,437,559.14
Shareholders' equity
EUR 644,465.22
Capital
EUR 511,291.88
Subscribed capital (share capital)
EUR 511,291.88
Reserves
EUR 1,620.00
Retained earnings / revenue reserves EUR 1,620.00
Balance sheet profit/loss (+/-)
EUR 131,553.34
Balance sheet profit / loss
EUR 131,553.34
Provisions
EUR 936,430.36
Other / unspecified provisions
EUR 936,430.36
Liabilities
EUR 855,063.56
Other liabilities
EUR 855,063.56
Unspecified other liabilities
EUR 855,063.56
thereof liabilities from tax /
financial authorities
EUR 21,048.31
Other liabilities
EUR 1,600.00
Deferrals (liabilities)
EUR 1,600.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.25 |
|
|
1 |
Rs.95.57 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.