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Report No. : |
344962 |
|
Report Date : |
21.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
MARC PICARD GMBH |
|
|
|
|
Formerly Known As : |
MARC PICARD FRANCHISE 2006 GMBH |
|
|
|
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Registered Office : |
Siedlungsstr. 3 D 97901 Altenbuch |
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|
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Country : |
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|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
02.06.1992 |
|
|
|
|
Com. Reg. No.: |
HRB 8561 |
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|
Legal Form : |
Private Limited Company |
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|
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Line of Business : |
·
Wholesale of leather goods, luggage,
giftware and advertising articles · Retail sale of leatheware and baggage · Management of real estate on a fee or contract basis |
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|
|
|
No. of Employee : |
203 |
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 |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
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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 – 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 |
The company name has been changed from Marc Picard Franchise 2006 GmbH
into Marc Picard GmbH on 29 July 2014.
MARC PICARD GMBH
Company Status: active
Siedlungsstr. 3
D
97901 Altenbuch
Telephone:09392/92610
Telefax: 09392/926155
Homepage:
www.marc-picard-shop.de
E-mail: onlineshop@marc-picard.de
VAT no.: DE154345705
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 02.06.1992
Shareholders'
agreement: 18.08.1992
Registered on: 02.12.2002
Commercial Register: Local court 63739 Aschaffenburg
under: HRB
8561
EUR 376,200.00
Shareholder:
Edwin
Picard
Siedlungsstr. 3
D
97901 Altenbuch
born:
26.05.1933
Share: EUR 171,080.00
Shareholder:
Michael Picard
Siedlungsstr. 3
D
97901 Altenbuch
born:
13.09.1958
Share: EUR 150,000.00
Shareholder:
Lydia
Picard
Siedlungsstr. 3a
D
97901 Altenbuch
born:
08.03.1960
née:
Krott
Share: EUR 20,000.00
Shareholder:
Lothar
Hitzel
Hauptstr. 48
D
63500 Seligenstadt
born:
10.08.1952
Share: EUR 17,560.00
Shareholder:
Liane
Hess
Am
Wingert 7
D
97901 Altenbuch
born:
14.01.1972
née:
Schreck
Share: EUR 17,560.00
Manager:
Edwin
Picard
Siedlungsstr. 3
D
97901 Altenbuch
having
sole power of representation
born:
26.05.1933
Profession: Businessman
Property regime: Separation of property
Marital status: married
Manager:
Michael Picard
Siedlungsstr. 3
D 97901 Altenbuch
having
sole power of representation
born:
13.09.1958
Profession: Industrial manager
Property regime: Statutory matrimonial
property regime
Marital status: married
Proxy:
Liane
Hess
Am
Wingert 7
D
97901 Altenbuch
having
sole power of representation
born: 14.01.1972
née:
Schreck
Profession: Businessman
Marital status: married
Further functions/participations of Edwin
Picard (Manager)
General partner:
Annemarie
Picard Edwin Picard
Siedlungsstr. 3
D
97901 Altenbuch
Legal
form: Partnership under the Civil Code
Limited partner:
Marc
Picard Lederwaren Verwaltungs GmbH &
Co. KG
Siedlungsstr. 3
D
97901 Altenbuch
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Registered
on: 14.08.2012
Reg.
data: 63739 Aschaffenburg, HRA 5220
Proxy:
Marc
Picard Lederwaren Verwaltungs GmbH &
Co. KG
Siedlungsstr. 3
D
97901 Altenbuch
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,000.00
contribution:
Registered
on: 14.08.2012
Reg.
data: 63739 Aschaffenburg, HRA 5220
02.12.2002 - 2006 Marc Picard Franchise 2006 GmbH
Berliner Str. 7
D
63916 Amorbach
Private limited company
2007 - 2008 Marc Picard Franchise 2006 GmbH
Pfarrgasse 1
D
63916 Amorbach
Private limited company
23.08.2010 -
24.09.2010 Marc Picard Franchise 2006
GmbH
Pfarrgasse 1
D
63916 Amorbach
Private limited company
24.09.2010 -
29.07.2014 Marc Picard Franchise 2006
GmbH
Siedlungsstr. 3
D
97901 Altenbuch
Private limited company
Main industrial sector
46493 Wholesale of leather goods, luggage,
giftware and
advertising articles
47722 Retail sale of
leatheware and baggage
6832 Management of real
estate on a fee or contract basis
Branch:
MARC
PICARD GmbH
Döberitzer Weg 3
D
14624 Dallgow-Döberitz
TEL.:
03322/22906
Branch:
MARC
PICARD GmbH
Prerower Platz 1
D
13051 Berlin
TEL.:
030-9244157
Branch:
MARC
PICARD GmbH
Äußere Reichenbacher Str.
64
D
08529 Plauen
TEL.:
03741/471990
Branch:
MARC
PICARD GmbH
Nordhäuser Str. 73t
D
99091 Erfurt
TEL.: 0361-7462024
Branch:
MARC
PICARD GmbH
Talstraße
im
Schleckerland
D
89584 Ehingen
TEL.:
07391/52942
Branch:
MARC PICARD GmbH
Marienplatz 9 Lederpassage
D
82467 Garmisch-Partenkirchen
TEL.:
08821/71377
Branch:
MARC
PICARD GmbH
Frankfurter Str. 225 im DEZ
D
34134 Kassel
TEL.:
0561/472574
Branch:
MARC
PICARD GmbH
Landgrabenstr. 1 )
D
16303 Schwedt
TEL.:
03332/412673
Branch:
MARC
PICARD GmbH
Hohenfelder Str. 22 im Löhr-
Center
D
56068 Koblenz
TEL.:
0261/17551
Branch:
MARC
PICARD GmbH
Am
Helftaer Anger
D
06295 Lutherstadt Eisleben
TEL.:
03475/718199
Branch:
MARC
PICARD GmbH
Salbker Chaussee 1
D
39116 Magdeburg
Branch:
MARC
PICARD GmbH
Hellersdorfer Str. 79-81 Spree
-Center
D
12619 Berlin
TEL.:
030/5628902
Branch:
MARC
PICARD GmbH
Nordpassage 1 City-Center
D
15890 Eisenhüttenstadt
TEL.:
03364/413504
Branch:
MARC
PICARD GmbH
Sielower Chaussee 38
D 03044
Cottbus
TEL.:
0355/872412
Branch:
MARC
PICARD GmbH
Elbepark
D
39326 Hermsdorf
TEL.:
039206/53142
Branch:
MARC
PICARD GmbH
Chausseestr. 4
D
03058 Neuhausen
TEL.:
0355/542324
Branch:
MARC
PICARD GmbH
Dohnaer Str. 246
D
01239 Dresden
TEL.:
0351/2881695
Branch:
MARC
PICARD GmbH
König-Heinrich-Str. 3
D
06217 Merseburg
TEL.:
03461/203980
Shareholder:
"Marc Picard"
Lederwaren GmbH 2001
Siedlungsstr. 3
D
97901 Altenbuch
Legal
form: Private limited company
Company Status: dissolved
since:
29.08.2006
Share
capital: EUR 25,564.59
Share: EUR 25,564.59
Reg.
data: 21.02.1992
Local court 63739 Aschaffenburg
HRB 7649
Payment experience: Slow
but Correct
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Siedlungsstr. 3
D
97901 Altenbuch
Real Estate of: Michael Picard
Type of ownership: Tenant
Address Siedlungsstr. 3a
D
97901 Altenbuch
Land register documents
were not available.
SPARKASSE
MILTENBERG-OBERNBURG, 63885 MILTENBERG
Sort. code: 79650000
BIC: BYLADEM1MIL
UNICREDIT BANK -
HYPOVEREINSBANK, 63882 MILTENBERG
Sort. code: 79520070
BIC: HYVEDEMM407
Gross profit or loss:2013 EUR 8,158,739.00
Profit: 2013 EUR 42,457.00
Equipment: EUR 1,576,946.00
Ac/ts receivable: EUR 361,692.00
Liabilities: EUR 4,146,268.00
Employees:
203
-
Part-time employees: 167
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 30.86
Liquidity ratio: 0.09
Return on total capital [%]: 0.63
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 33.23
Liquidity ratio: 0.13
Return on total capital [%]: 3.35
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 29.29
Liquidity ratio: 0.11
Return on total capital [%]: 3.98
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 24.50
Liquidity ratio: 0.10
Return on total capital [%]: 12.54
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 6,965,725.12
Fixed assets
EUR 4,532,781.14
Intangible assets
EUR 263,748.00
Concessions, licences, rights EUR 110,107.00
Goodwill
EUR 153,641.00
Tangible assets
EUR 1,576,946.00
Other tangible assets / fixtures and
fittings
EUR 1,576,946.00
Financial assets
EUR 2,692,087.14
Shares in participations /
subsidiaries and the like
EUR 5.16
Shares in cooperatives
EUR 5.16
Loans
to participations /
subsidiaries and the like
EUR 977,599.45
Loans to related companies
EUR 977,599.45
Other loans
EUR 1,714,482.53
Current assets EUR 2,395,138.41
Stocks
EUR 1,302,238.63
Accounts receivable
EUR 361,692.24
Investments in current assets
EUR 285,001.00
Shares in participations /
subsidiaries and the like
EUR 285,001.00
Liquid means
EUR 446,206.54
Remaining other assets
EUR 37,805.57
Accruals (assets)
EUR 37,805.57
LIABILITIES EUR 6,965,725.12
Shareholders' equity
EUR 2,228,616.94
Capital
EUR 351,200.00
Subscribed capital (share capital)
EUR 351,200.00
Balance sheet profit/loss (+/-)
EUR 1,877,416.94
Profit / loss brought forward
EUR 1,834,959.96
Annual surplus / annual deficit
EUR 42,456.98
Items between shareholders' equity and
debt capital
EUR 110,504.00
Allowances / bonuses
EUR 110,504.00
Provisions
EUR 452,645.94
Liabilities EUR 4,146,268.14
Other liabilities
EUR 27,690.10
Deferred taxes (not included under
provisions/liabilities)
EUR 27,690.10
PROFIT AND LOSS ACCOUNT (cost-summary method) according
to Comm.
Code (HGB)
Gross result (+/-)
EUR 8,158,738.59
Staff expenses
EUR 3,392,009.20
Wages and salaries
EUR 2,803,827.71
Social
security contributions and
expenses for pension plans and
benefits
EUR 588,181.49
Total depreciation
EUR 373,269.83
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 373,269.83
Other operating expenses
EUR 4,116,042.26
Operating result from continuing
operations
EUR 277,417.30
Interest result (+/-)
EUR 14,050.83
Interest and similar income
EUR 166,540.60
Interest and similar expenses
EUR 152,489.77
Other financial result
EUR -71,414.33
Depreciation on financial assets and
marketable securities
EUR 71,414.33
Financial result (+/-)
EUR -57,363.50
Result from ordinary operations (+/-)
EUR 220,053.80
Income tax / refund of income tax (+/-)EUR -175,994.31
Other taxes / refund of taxes
EUR -1,602.51
Tax
(+/-)
EUR -177,596.82
Annual surplus / annual deficit
EUR 42,456.98
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 6,242,070.65
Fixed assets
EUR 4,082,513.26
Intangible assets
EUR 196,968.00
Goodwill
EUR 169,116.00
Other / unspecified intangible assetsEUR 27,852.00
Tangible assets
EUR 1,214,051.28
Other tangible assets / fixtures and
fittings
EUR 1,214,051.28
Financial assets
EUR 2,671,493.98
Shares in participations /
subsidiaries and the like
EUR 285,001.00
Shares in related companies
EUR 285,001.00
Loans to participations /
subsidiaries and the like
EUR 1,051,997.22
Loans to related companies
EUR 1,051,997.22
Other / unspecified financial assets EUR 1,334,495.76
Current assets
EUR 2,122,843.04
Stocks EUR 1,174,258.66
Accounts receivable
EUR 440,104.89
thereof total due from shareholders
EUR 39,000.00
Amounts due from related companies
EUR 217,363.78
Other debtors and assets
EUR 222,741.11
Liquid means
EUR 508,479.49
Remaining other assets
EUR 36,714.35
Accruals (assets)
EUR 36,714.35
LIABILITIES EUR 6,242,070.65
Shareholders' equity
EUR 2,186,159.96
Capital
EUR 351,200.00
Subscribed capital (share capital)
EUR 351,200.00
Balance sheet profit/loss (+/-)
EUR 1,834,959.96
Profit / loss brought forward
EUR 1,368,307.80
Annual surplus / annual deficit
EUR 466,652.16
Items between shareholders' equity and
debt
capital
EUR 53,978.00
Allowances / bonuses
EUR 53,978.00
Provisions
EUR 431,284.45
Liabilities
EUR 3,570,648.24
Financial debts
EUR 1,268,242.27
Liabilities due to banks
EUR 1,268,242.27
Other liabilities
EUR 2,302,405.97
Liabililties due to related companiesEUR
969,519.92
Unspecified other liabilities
EUR 1,332,886.05
Guarantees and other commitments
EUR 100,000.00
Guarantees / warranties
EUR 100,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 7,340,950.72
Staff expenses
EUR 2,895,224.95
Wages and salaries
EUR 2,386,863.55
Social security contributions and
expenses for pension plans and
benefits
EUR 508,361.40
Total depreciation
EUR 349,644.33
Depreciation on tangible / intangible
asssets
(incl. start-up and exp. of
bus.
EUR 349,644.33
Other operating expenses
EUR 3,772,269.08
Operating result from continuing
operations
EUR 323,812.36
Interest result (+/-)
EUR 2,980.16
Interest and similar income
EUR 153,854.36
Interest and similar expenses
EUR 150,874.20
Financial result (+/-)
EUR 2,980.16
Result from ordinary operations (+/-)
EUR 326,792.52
Extraordinary income
EUR 340,508.41
Extraordinary expenses
EUR 75,877.00
Extraordinary result (+/-)
EUR 264,631.41
Income tax / refund of income tax (+/-)EUR -122,531.76
Other taxes / refund of taxes
EUR -2,240.01
Tax
(+/-)
EUR -124,771.77
Annual surplus / annual
deficit EUR 466,652.16
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.89 |
|
|
1 |
Rs.100.39 |
|
Euro |
1 |
Rs.73.52 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.