|
Report No. : |
343594 |
|
Report Date : |
09.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
MÜHLEN SOHN GMBH & CO.KG |
|
|
|
|
Registered Office : |
Lindenstr. 16/1, D 89134 Blaustein, Post
Box : 11 65, D 89130 Blaustein |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Year of Establishment : |
1880 |
|
|
|
|
Legal Form : |
Ltd Partnership with Priv. Ltd.
Company as General Partner |
|
|
|
|
Line of Business : |
Subject is manufacture
of other textiles |
|
|
|
|
No. of Employee : |
1880 |
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 5.2% 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 |
MÜHLEN SOHN GMBH & CO.KG
Company Status: active
Lindenstr. 16/1
D 89134 Blaustein
Post Box:
11 65, D 89130 Blaustein
Telephone:07304/8010
Telefax: 07304/80123
Homepage: www.muehlen-sohn.de
E-mail:
info@muehlen-sohn.de
VAT
no.: DE147042112
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1880
Registered on: 21.05.1902
Register of
companies: Local
court 89073 Ulm
under: HRA
2081
EUR
1,267,000.00
Petra Mühlen
Oberberghofstr. 29
D 89134 Blaustein
born: 12.09.1975
Share: EUR 510,000.00
Limited partner:
Iris Mühlen
Auf dem Wasserturm 6
D 89275 Elchingen
born: 20.07.1964
Share: EUR 285,000.00
Limited partner:
Verena Mühlen-Guardans
Carretera de St. Vivenz 7
E 08393 Caldes d'Estrac
born: 06.04.1967
née: Mühlen
Share: EUR 285,000.00
Limited partner:
Sibylle Mayer
Safranberg 6
D 89075 Ulm
born: 02.10.1926
née: Mühlen
Share: EUR 63,500.00
Limited partner:
Lars Oliver Zieten
D 89134 Blaustein
born: 10.07.1966
Share: EUR 63,500.00
Limited partner:
Frank Mühlen
Auf dem Wall 6
D 89231 Neu-Ulm
born: 11.07.1941
Share: EUR 60,000.00
Mühlen GmbH
Lindenstr. 16/1
D 89134 Blaustein
Legal form: Private limited company
Share capital: EUR 28,000.00
Registered on: 29.03.1984
Reg. data: 89073 Ulm, HRB 1517
Petra Mühlen
Oberberghofstr. 29
D 89134 Blaustein
born: 12.09.1975
Share: EUR 11,900.00
Shareholder:
Iris Mühlen
Auf dem Wasserturm 6
D 89275 Elchingen
born: 20.07.1964
Share: EUR 6,650.00
Shareholder:
Verena Mühlen-Guardans
Carretera de St. Vivenz 7
E 08393 Caldes d'Estrac
born: 06.04.1967
née: Mühlen
Share: EUR 6,650.00
Shareholder:
Frank Mühlen
Auf dem Wall 6
D 89231 Neu-Ulm
born: 11.07.1941
Share: EUR
1,400.00
Shareholder:
Sibylle Mayer
Safranberg 6
D 89075 Ulm
born: 02.10.1926
née: Mühlen
Share: EUR 1,400.00
Lars Oliver Zieten
D 89134 Blaustein
having sole power of
representation
born: 10.07.1966
Proxy:
Armin Birzele
D 89129 Langenau
born: 22.11.1960
Proxy:
Alexandra Hubmann
D 89231 Neu-Ulm
authorized to jointly
represent the company
born: 04.10.1967
Further functions/participations of Mühlen
GmbH (General partner)
General partner:
Mühlen Sohn PSV GmbH
& Co.KG
Lindenstr. 16/1
D 89134 Blaustein
Legal form: Ltd
partnership with priv. ltd. company as general partner
Total cap. EUR 280,000.00
contribution:
Registered
on: 29.06.2001
Reg. data: 89073
Ulm, HRA 3050
21.05.1902 - 14.01.2011 Mühlen
Sohn GmbH & Co.
Lindenstr. 16/1
D
89134 Blaustein
Ltd partnership with priv.
ltd. company
as general partner
Main industrial sector
13990
Manufacture of other textiles
Shareholder:
WPV, Wellpappen- und
Papierverarbeitungsmaschinen-Vertriebs-GmbH
Lindenstr. 16/1
D 89134 Blaustein
Legal form: Private
limited company
Company Status: active
Share capital: EUR
25,564.59
Share: EUR 25,564.59
Reg. data: 28.06.2013
Local court 89073 Ulm
HRB 729432
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: proprietor
Share: 100.00 %
Address Lindenstr.
16/1
D 89134 Blaustein
Real Estate of: Mühlen
GmbH
Type of ownership: Tenant
Address Lindenstr.
16/1
D 89134 Blaustein
Land register documents were not available.
Principal bank
VOLKSBANK ULM-BIBERACH, 89231 NEU-ULM
Sort. code: 63090100
BIC: ULMVDE66XXX
Further banks
DEUTSCHE BANK, 89006 ULM, DONAU
Sort. code: 63070088
BIC: DEUTDESS630
UNICREDIT BANK - HYPOVEREINSBANK, 89002 ULM,
DONAU
Sort. code: 63020086
BIC: HYVEDEMM461
POSTBANK, 70148 STUTTGART
Sort. code: 60010070
BIC: PBNKDEFFXXX
VOLKSBANK ULM-BIBERACH, 89070 ULM, DONAU
Sort. code: 63090100
BIC: ULMVDE66XXX
Gross profit or loss:2013 EUR 11,003,580.00
Profit: 2013 EUR 3,008,125.00
Equipment: EUR 1,103,702.00
Ac/ts receivable: EUR
6,720,041.00
Liabilities: EUR 8,779,193.00
No
full-time employees are employed.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 72.37
Liquidity ratio: 10.00
Return on total capital [%]: 14.76
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 68.77
Liquidity ratio: 2.46
Return on total capital [%]: 13.93
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 63.43
Liquidity ratio: 1.40
Return on total capital [%]: 12.79
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 53.91
Liquidity ratio: 1.55
Return on total capital [%]: 15.23
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: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 20,415,097.29
Fixed assets
EUR 5,091,201.42
Intangible assets
EUR 101,483.43
Concessions, licences, rights
EUR 59,319.00
Goodwill
EUR 36,688.00
Advance payments for intang. assets
EUR 5,476.43
Tangible assets
EUR 3,042,596.73
Plant / machinery
EUR 1,845,790.00
Other tangible assets / fixtures and
fittings
EUR 1,103,702.00
Advance payments made / construction
in progress
EUR 93,104.73
Financial assets
EUR 1,947,121.26
Shares in participations /
subsidiaries and the like
EUR 351,262.18
Shares in investee companies
EUR 351,262.18
Other loans
EUR 1,595,859.08
Current assets
EUR 15,317,420.23
Stocks
EUR 3,820,776.27
Other / unspecified stocks
EUR 3,820,776.27
Accounts receivable
EUR 6,720,041.32
Trade debtors
EUR 3,568,000.00
Amounts due from investee companies
EUR 1,042,000.00
Other debtors and assets
EUR 2,110,041.32
Liquid means
EUR 4,776,602.64
Remaining other assets
EUR 6,475.64
Accruals (assets)
EUR 6,475.64
LIABILITIES EUR 20,415,097.29
Shareholders' equity
EUR 10,543,819.63
Capital
EUR 1,267,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 1,267,000.00
Limited partner's capital, fixed
capital, capital account I
EUR 1,267,000.00
Reserves
EUR 6,268,694.77
Retained earnings / revenue reserves EUR 6,268,694.77
Balance sheet profit/loss (+/-)
EUR 3,008,124.86
Annual surplus / annual deficit
EUR 3,008,124.86
Provisions EUR 1,092,085.00
Other / unspecified provisions
EUR 1,092,085.00
Liabilities
EUR 8,779,192.66
Other liabilities
EUR 8,779,192.66
Trade
creditors (for IAS incl. bills
of exchange)
EUR 935,000.00
Liabilities from received advance
payments
EUR 406,000.00
Liabilities due to shareholders
EUR 4,241,000.00
Liabilities due to investee companiesEUR 7,000.00
Unspecified other liabilities
EUR 3,190,192.66
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-) EUR 11,003,580.34
Total depreciation
EUR 563,968.46
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 563,968.46
Other operating expenses
EUR 7,035,519.00
Operating result from continuing
operations
EUR 3,404,092.88
Interest result (+/-)
EUR -9,835.59
Interest and similar income
EUR 98,445.67
thereof from related companies
EUR 98.00
Interest and similar expenses
EUR 108,281.26
Other financial result
EUR 91,316.25
Income from securities and loans from
financial assets
EUR 91,316.25
Financial result (+/-)
EUR 81,480.66
Result from ordinary operations (+/-)
EUR 3,485,573.54
Income
tax / refund of income tax (+/-)EUR
-457,538.00
Other taxes / refund of taxes
EUR -19,910.68
Tax
(+/-)
EUR -477,448.68
Annual surplus / annual deficit
EUR 3,008,124.86
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 17,882,877.20
Fixed assets
EUR 4,900,168.06
Intangible assets
EUR 141,754.00
Concessions, licences, rights
EUR 95,088.00
Goodwill
EUR 46,666.00
Tangible assets
EUR 2,689,855.34
Plant / machinery
EUR 1,507,687.00
Other tangible assets / fixtures and
fittings
EUR 927,913.00
Advance payments made / construction
in progress
EUR 254,255.34
Financial assets
EUR 2,068,558.72
Current assets
EUR 12,971,129.14
Stocks
EUR 4,066,384.68
Accounts receivable
EUR 7,779,925.36
Liquid means
EUR 1,124,819.10
Remaining other assets
EUR 11,580.00
Accruals (assets)
EUR 11,580.00
LIABILITIES EUR 17,882,877.20
Shareholders' equity
EUR 9,260,372.34
Capital
EUR 1,267,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 1,267,000.00
Reserves
EUR 5,508,694.77
Retained earnings / revenue reserves EUR 5,508,694.77
Balance sheet profit/loss (+/-)
EUR 2,484,677.57
Annual surplus / annual deficit
EUR 2,484,677.57
Provisions
EUR 1,278,340.00
Liabilities
EUR 7,344,164.86
thereof total due to shareholders
EUR 3,052,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 10,003,097.78
Total depreciation EUR 618,521.30
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 618,521.30
Other operating expenses
EUR 6,605,853.33
Operating
result from continuing
operations
EUR 2,778,723.15
Interest result (+/-)
EUR -7,672.81
Interest and similar income
EUR 76,205.27
Interest and similar expenses
EUR 83,878.08
Other financial result
EUR 118,354.58
Income from securities and loans from
financial assets
EUR 118,354.58
Financial result (+/-) EUR 110,681.77
Result from ordinary operations (+/-)
EUR 2,889,404.92
Income tax / refund of income tax (+/-)EUR -369,890.00
Other taxes / refund of taxes
EUR -34,837.35
Tax
(+/-) EUR -404,727.35
Annual surplus / annual deficit
EUR 2,484,677.57
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.16 |
|
|
1 |
Rs.99.78 |
|
Euro |
1 |
Rs.73.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.