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Report No. : |
327097 |
|
Report Date : |
18.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MARC O'POLO AG |
|
|
|
|
Registered Office : |
Hofgartenstr. 1, D 83071 Stephanskirchen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.05.2014 |
|
|
|
|
Date of Incorporation : |
23.07.1996 |
|
|
|
|
Com. Reg. No.: |
HRB 10183 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
·
Renting and operating of own or leased
real estate ·
Activities of head offices |
|
|
|
|
No. of Employees : |
1,221 |
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, 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 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. 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 accounts for 34% of total energy consumption, 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.
|
Source
: CIA |
MARC O'POLO AG
Company Status: active
Hofgartenstr. 1
D 83071 Stephanskirchen
Telephone:08036/900
Telefax:
08036/901890
Homepage: www.marc-o-polo.de
E-mail:
Zentrale@marc-o-polo.de
VAT
no.: DE182221627
Tax
ID number: 156/116/05002
Business relations are permissible.
LEGAL FORM Public limited company
Date of foundation: 23.07.1996
Registered on: 23.07.1996
Commercial Register: Local court 83278
Traunstein
under: HRB 10183
Share capital: EUR 22,949,278.00
Shareholder:
Werner L. Böck
Eitzinger Str. 18
D 83071 Stephanskirchen
born: 08.06.1943
Share: 100.000 %
President of the Board of Directors:
Alexander Gedat
Am Stöckl 6
D 83026 Rosenheim
having sole power of representation
born: 03.07.1964
Profession: Management
expert
Marital status: unknown
Member of the Board of Directors:
Andreas Baumgärtner
D 82031 Grünwald
authorized to jointly
represent the company
born: 11.06.1964
Member of the Board of Directors:
Jürgen Hahn
D 83071 Stephanskirchen
authorized to jointly
represent the company
born: 10.09.1965
President of the Supervisory Board:
Werner L. Böck
Eitzinger Str. 18
D 83071 Stephanskirchen
born: 08.06.1943
Marital status: unknown
Vice-president of the Supervisory Board:
Helmut Fuchs
Römerstr. 88
D 71665 Vaihingen
born: 12.08.1944
Profession: anditor and
tax advisor
Member of the Supervisory Board:
Elfriede (genannt Elfi)
Böck
Salinstr. 1
D 83022 Rosenheim
born: 10.04.1959
Marital status: married
Member of the Supervisory Board:
Prof. Dr. Peter Littmann
D 22085 Hamburg
born: 21.12.1947
Member of the Supervisory Board:
Elke Ruth Menold
D 89081 Ulm
born: 28.01.1962
Member of the Supervisory Board:
Maximilian Böck
Eitzinger Str. 18
D 83071 Stephanskirchen
born: 21.02.1989
Further functions/participations of Alexander
Gedat (President of
the
Board of Directors)
Manager:
Marc O'Polo International
GmbH
Hofgartenstr. 1
D 83071 Stephanskirchen
Post Box:
11 53
Legal form: Private
limited company
Share capital: EUR
1,500,000.00
Registered
on: 18.03.1980
Reg. data: 83278 Traunstein, HRB 2412
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:
Marc OPolo DENIM &
CAMPUS GmbH
Hofgartenstr. 1
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
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 (Member
of
the Board of Directors)
Manager:
Marc O'Polo International
GmbH
Hofgartenstr. 1
D 83071 Stephanskirchen
Post Box:
11 53
Legal form: Private
limited company
Share capital: EUR 1,500,000.00
Registered
on: 18.03.1980
Reg. data: 83278 Traunstein, HRB 2412
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 (Member of the
Board of Directors)
Manager:
Marc O'Polo International
GmbH
Hofgartenstr. 1
D 83071 Stephanskirchen
Post Box:
11 53
Legal form: Private
limited company
Share capital: EUR 1,500,000.00
Registered
on: 18.03.1980
Reg. data: 83278 Traunstein, HRB 2412
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
23.07.1996 - 21.12.2010 Marc O'Polo AG
Hofmühlstr. 32
D 83071
Stephanskirchen
Public limited
company
Main industrial sector
6820
Renting and operating of own or leased real estate
7010
Activities of head offices
Shareholder:
Marc O'Polo International
GmbH
Hofgartenstr. 1
D 83071 Stephanskirchen
Post Box:
11 53
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,500,000.00
Share: EUR 1,500,000.00
Reg. data: 18.03.1980
Local court
83278 Traunstein
HRB 2412
Shareholder:
Marc OPolo DENIM &
CAMPUS GmbH
Hofgartenstr. 1
D 83071
Stephanskirchen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Reg. data: 30.05.2011
Local court
83278 Traunstein
HRB 21058
Shareholder:
Marc O'Polo Shoes &
Accessories GmbH
Hofmühlstr. 34
D 83071 Stephanskirchen
Post Box:
11 53
Legal form: Private
limited company
Company Status: active
Share capital: EUR 30,000.00
Share: EUR 25,500.00
Reg. data: 30.06.1993
Local court
83278 Traunstein
HRB 8273
Shareholder:
Marc OPolo License AG
Hofgartenstr. 1
D 83071 Stephanskirchen
Legal form: Public
limited company
Company Status: active
Share
capital: EUR 64,397.00
Share: 79.700 %
Reg. data: 17.11.2014
Local court
83278 Traunstein
HRB 23892
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.
DEUTSCHE BANK, 80271 MÜNCHEN
Sort. code: 70070010, Account no.: 188428700
BIC: DEUTDEMMXXX, IBAN: DE87700700100188428700
DEUTSCHE BANK (AUSTRIA) AG, VIENNA
Account no.: 40767000
BIC: DEUTATWWXXX, IBAN: AT241910000040767000
Ac/ts receivable: EUR
89,403,983.00
Liabilities: EUR 6,008,704.00
Employees:
1,221
Balance sheet ratios 01.06.2013 - 31.05.2014
Equity ratio [%]: 92.51
Liquidity ratio: 10.00
Return on total capital [%]: 9.08
Balance sheet ratios 01.06.2012 - 31.05.2013
Equity ratio [%]: 91.72
Liquidity ratio: 10.00
Return on total capital [%]: 7.59
Balance sheet ratios 01.06.2011 - 31.05.2012
Equity ratio [%]: 87.64
Liquidity ratio: 10.00
Return on total capital [%]: 24.95
Balance sheet ratios 01.06.2010 - 31.05.2011
Equity ratio [%]: 84.44
Liquidity ratio: 10.00
Return on total capital [%]: 28.35
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: 01.06.2013 - 31.05.2014
ASSETS EUR 142,509,172.82
Fixed assets
EUR 49,781,425.96
Tangible assets
EUR 18,280,816.99
Financial assets
EUR 31,500,608.97
Current assets
EUR 92,727,746.86
Accounts receivable
EUR 89,403,983.02
Liquid means
EUR 3,323,763.84
LIABILITIES EUR 142,509,172.82
Shareholders' equity
EUR 131,838,901.10
Capital
EUR 22,949,278.00
Subscribed capital (share capital)
EUR 22,949,278.00
Reserves
EUR 10,969,273.09
Capital reserves EUR 4,192,716.66
Retained earnings / revenue reserves EUR 6,776,556.43
Balance sheet profit/loss (+/-)
EUR 97,920,350.01
Balance sheet profit / loss
EUR 97,920,350.01
Provisions EUR 4,661,567.79
Liabilities
EUR 6,008,703.93
Type
of balance
sheet: Company balance sheet
Financial year: 01.06.2012 - 31.05.2013
ASSETS EUR 129,624,322.26
Fixed assets
EUR 50,281,173.10
Tangible assets
EUR 18,780,564.13
Financial assets
EUR 31,500,608.97
Other / unspecified financial assets EUR 31,500,608.97
Current assets
EUR 79,343,149.16
Accounts receivable
EUR 78,428,968.63
Liquid means
EUR 914,180.53
LIABILITIES EUR 129,624,322.26
Shareholders' equity
EUR 118,895,986.56
Capital
EUR 22,949,278.00
Subscribed capital (share capital)
EUR 22,949,278.00
Reserves
EUR 10,969,273.09
Capital reserves
EUR 4,192,716.66
Retained earnings / revenue reserves EUR 6,776,556.43
Balance sheet profit/loss (+/-)
EUR 84,977,435.47
Balance sheet profit / loss
EUR 84,977,435.47
Provisions
EUR 4,281,315.49
Liabilities
EUR 6,447,020.21
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.11 |
|
|
1 |
Rs.100.31 |
|
Euro |
1 |
Rs.72.17 |
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.