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Report No. : |
351179 |
|
Report Date : |
27.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
MARC O'POLO INTERNATIONAL GMBH |
|
|
|
|
Registered Office : |
Hofgartenstr. 1, D 83071
Stephanskirchen, Post Box: 11 53 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.05.2013 |
|
|
|
|
Date of Incorporation : |
09.01.1980 |
|
|
|
|
Com. Reg. No.: |
HRB 2412 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
· Manufacture of other outerwear · Wholesale of clothing |
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|
|
|
No. of Employees : |
605 |
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 : |
Slow but correct |
|
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 5.2% 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 |
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
Manager:
Frauke Schelkes
D 80331 München
born: 09.03.1967
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:
Marc O'Polo 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
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
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
Branch:
Marc O'Polo International
GmbH
Königstr. 122
D 47798 Krefeld
TEL.: 02151/5650548
FAX.: 02151/5650549
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.
Balance sheet year: 2012/2013
PMI: No significant / relevant
payment experience
information pertaining to the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Type of ownership: Tenant
Address Hofgartenstr. 1
D 83071 Stephanskirchen
Real Estate of: Marc O'Polo AG
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
2013/2014 EUR 247,076,000.00
Profit: 2012/2013 EUR 1,762,981.00
further business figures:
Equipment: EUR 10,855,000.00
Ac/ts receivable: EUR 12,414,526.00
Liabilities: EUR 6,291,955.00
Employees:
605
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 Origin of
the present balance sheet:
self-disclosure
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.66.55 |
|
|
1 |
Rs.100.64 |
|
Euro |
1 |
Rs.70.70 |
|
EUR |
1 |
Rs.70.80 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.