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MIRA INFORM REPORT
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Report No. : |
500901 |
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Report Date : |
06.04.2018 |
IDENTIFICATION DETAILS
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Name : |
MARC AUREL TEXTIL-GMBH |
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Registered Office : |
Wilhelmstr. 9, D 33332 Gütersloh |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
31.12.1981 |
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Com. Reg. No.: |
HRB 1815 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
·
Manufacture of women's and girls'
outerwear ·
Manufacture of other wearing apparel and
accessories n.e.c. ·
Wholesale of clothing |
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No. of Employees : |
127 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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
|
Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 a large
increase in 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 economic 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. The German Government
introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in
January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5% of
gross electricity consumption in 2016, 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. Domestic consumption, investment, and exports are likely to drive
German GDP growth in 2018, and the country’s budget and trade surpluses are
likely to remain high.
|
Source
: CIA |
Company name & address
MARC AUREL TEXTIL-GMBH
Company Status: active
Wilhelmstr.
9
D 33332 Gütersloh
Telephone:05241/9450
Telefax:
05241/945101
Homepage: www.marc-aurel.com
E-mail:
info@marc-aurel.com
VAT
no.: DE811171825
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 31.12.1981
Shareholders'
agreement: 31.12.1981
Registered on: 28.01.1982
Commercial
Register: Local court 33330 Gütersloh
under: HRB 1815
Share capital: EUR 1,300,000.00
Shareholder:
Reinhold Richter GmbH
& Co. KG
Wilhelmstr. 9
D 33332 Gütersloh
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 51,129.19
contribution:
Share: EUR 1,300,000.00
Registered on: 23.12.1997
Reg. data: 33330
Gütersloh, HRA 4019
Manager:
Reinhold Richter
Parkstr. 64
D 33332 Gütersloh
having sole power of
representation
born: 14.12.1948
Property regime:
Statutory matrimonial
property regime
Marital status: married
Manager:
Andreas Gotschke
Koboldstr. 23
D 81739 München
having sole power of
representation
born: 24.03.1963
Proxy:
Stephan Adam
D 48143 Münster
having sole power of
representation
born: 09.10.1965
Further functions/participations of Reinhold
Richter (Manager)
Limited partner:
Reinhold Richter
GmbH & Co. KG
Wilhelmstr. 9
D 33332 Gütersloh
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 51,129.19
contribution:
Share: EUR 51,129.19
Registered
on: 23.12.1997
Reg. data: 33330 Gütersloh, HRA 4019
Limited partner:
Richter Besitz- und
Vermietungs GmbH & Co.
Betriebs-Kommanditgesellschaft
Wilhelmstr. 9
D 33332 Gütersloh
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 10,225.84
contribution:
Share: EUR 10,225.84
Registered
on: 23.12.1998
Reg. data: 33330 Gütersloh, HRA 4070
Limited partner:
Parkhaus Mühlhausen GmbH
& Co. KG
Avenwedder Str. 70
D 33335 Gütersloh
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,000.00
contribution:
Share: EUR 860.23
Registered
on: 23.07.2012
Reg. data: 33330 Gütersloh, HRA 6754
Shareholder:
Reinhold Richter
Verwaltungs mbH
Wilhelmstr. 9
D 33332 Gütersloh
Legal form: Private
limited company
Share capital: EUR
25,564.59
Share: EUR 25,564.59
Registered
on: 23.12.1997
Reg. data: 33330 Gütersloh, HRB 3571
Manager:
Reinhold Richter
Verwaltungs mbH
Wilhelmstr. 9
D 33332 Gütersloh
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 23.12.1997
Reg. data: 33330 Gütersloh, HRB 3571
Manager:
Marc Aurel Retail GmbH
Wilhelmstr. 9
D 33332 Gütersloh
Legal form: Private
limited company
Share capital: EUR 400,000.00
Registered
on: 28.12.2000
Reg. data: 33330 Gütersloh, HRB 4049
Manager:
Richter Besitz- und
Vermietungs GmbH
Wilhelmstr. 9
D 33332 Gütersloh
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 15.12.1998
Reg. data: 33330 Gütersloh, HRB 3734
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
18.08.2000 - 24.02.2017 Manager
Wolfgang Sondowsky
D 33335 Gütersloh
BUSINESS
ACTIVITIES
Main industrial sector
14132
Manufacture of women's and girls' outerwear
14190
Manufacture of other wearing apparel and accessories n.e.c.
46421
Wholesale of clothing
FINANCIAL
INFORMATION
Payment experience: Slow but corect
Negative information: We have no negative
information at hand.
Balance sheet year: 2016
PMI: No significant / relevant payment
experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
REAL
ESTATE
Type of ownership: Tenant
Address Wilhelmstr. 9
D 33332 Gütersloh
Real Estate of: Reinhold Richter
Type of ownership: proprietor
Share: 100.00 %
Address Parkstr. 64
D 33332 Gütersloh
Land register documents were not available.
BANKERS
Principal bank
SPARKASSE GÜTERSLOH, 33260 GÜTERSLOH
Sort. code: 47850065, Account no.: 1001007
BIC: WELADED1GTL, IBAN: DE90478500650001001007
Further banks
DEUTSCHE BANK, 33244 GÜTERSLOH
Sort. code: 48070040, Account no.: 3555505
BIC: DEUTDE3B480, IBAN: DE21480700400355550500
COMMERZBANK VORMALS DRESDNER BANK, 33244
GÜTERSLOH
Sort. code: 47880031, Account no.: 504417000
BIC: DRESDEFF478, IBAN: DE25478800310504417000
VOLKSBANK BIELEFELD-GÜTERSLOH, 33262 GÜTERSLOH
Sort. code: 47860125
BIC: GENODEM1GTL
FINANCIAL
FIGURES
Gross profit or loss:2016 EUR 14,420,654.00
Profit: 2016 EUR 511,069.00
Equipment: EUR 335,280.00
Ac/ts receivable: EUR 2,234,042.00
Liabilities: EUR 7,852,772.00
Total numbers of vehicles: 12
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Passenger cars:
8
Employees: 127
-
thereof permanent staff: 127
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 9.48
Liquidity ratio: 0.31
Return on total capital [%]: 5.08
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 4.20
Liquidity ratio: 0.36
Return on total capital [%]: -0.30
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity
ratio [%]: 3.97
Liquidity ratio: 0.34
Return on total capital [%]: -2.06
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 8.20
Liquidity ratio: 0.29
Return
on total capital [%]: -7.53
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: 01.01.2016 - 31.12.2016
ASSETS EUR 10,101,447.69
Fixed assets
EUR 447,527.00
Intangible assets
EUR 67,135.00
Other / unspecified intangible assetsEUR 67,135.00
Tangible assets
EUR 380,292.00
Plant / machinery
EUR 752.00
Other tangible assets / fixtures and
fittings
EUR 335,280.00
Advance payments made / construction
in progress
EUR 44,260.00
Financial assets
EUR 100.00
Other / unspecified financial assets EUR 100.00
Current assets
EUR 9,616,435.80
Stocks
EUR 6,708,320.81
Other / unspecified stocks EUR 6,708,320.81
Accounts receivable
EUR 2,234,042.33
Amounts due from related companies
EUR 503,079.67
Other debtors and assets
EUR 1,730,962.66
Liquid means
EUR 674,072.66
Remaining other assets
EUR 37,484.89
Accruals (assets)
EUR 37,484.89
LIABILITIES EUR 10,101,447.69
Shareholders' equity
EUR 912,284.54
Capital
EUR 1,300,000.00
Subscribed capital (share capital)
EUR 1,300,000.00
Reserves EUR 504,388.54
Capital reserves
EUR 504,388.54
Balance sheet profit/loss (+/-)
EUR -892,104.00
Profit / loss brought forward
EUR -1,403,173.20
Annual surplus / annual deficit
EUR 511,069.20
Provisions
EUR 1,336,391.00
Other / unspecified provisions
EUR 1,336,391.00
Liabilities
EUR 7,852,772.15
Financial
debts EUR 3,451,482.51
Liabilities due to banks
EUR 3,451,482.51
Other liabilities
EUR 4,401,289.64
Liabilities due to shareholders
EUR 76,173.18
Liabililties due to related companiesEUR 1,015,616.88
Unspecified other liabilities
EUR 3,309,499.58
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-) EUR 14,420,654.38
Staff expenses
EUR 5,087,553.96
Wages and salaries
EUR 4,367,073.34
Social security contributions and
expenses for pension plans and
benefits EUR 720,480.62
Total depreciation
EUR 257,511.53
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 257,511.53
Other operating expenses
EUR 8,396,221.92
Operating result from continuing
operations
EUR 679,366.97
Interest result (+/-)
EUR -165,373.44
Interest and similar income
EUR 27,025.60
Interest and similar expenses
EUR 192,399.04
thereof paid to related companies
EUR 36,304.45
Financial result (+/-)
EUR -165,373.44
Result from ordinary operations (+/-) EUR
513,993.53
Income tax / refund of income tax (+/-)EUR 0.67
Other taxes / refund of taxes
EUR -2,925.00
Tax
(+/-)
EUR -2,924.33
Annual surplus / annual deficit
EUR 511,069.20
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR 10,090,090.04
Fixed assets
EUR 465,473.00
Intangible assets
EUR 100,954.00
Other / unspecified intangible assetsEUR 100,954.00
Tangible assets
EUR 364,419.00
Plant / machinery
EUR 5,088.00
Other tangible assets / fixtures and
fittings
EUR 357,692.00
Advance payments made / construction
in progress
EUR 1,639.00
Financial assets
EUR 100.00
Other / unspecified financial assets EUR 100.00
Current
assets EUR 9,616,297.11
Stocks
EUR 5,951,583.86
Accounts receivable
EUR 3,023,757.87
Amounts due from related companies
EUR 758,346.61
Other debtors and assets
EUR 2,265,411.26
Liquid means
EUR 640,955.38
Remaining other assets
EUR 8,319.93
Accruals (assets)
EUR 8,319.93
LIABILITIES EUR 10,090,090.04
Shareholders' equity
EUR 401,215.34
Capital
EUR 1,300,000.00
Subscribed capital (share capital)
EUR 1,300,000.00
Reserves
EUR 504,388.54
Capital reserves
EUR 504,388.54
Balance sheet profit/loss (+/-)
EUR -1,403,173.20
Profit / loss brought forward
EUR -1,372,727.36
Annual surplus / annual deficit
EUR -30,445.84
Provisions
EUR 469,423.00
Liabilities
EUR 9,219,451.70
Financial debts
EUR 4,350,751.01
Liabilities due to banks
EUR 4,350,751.01
Other liabilities
EUR 4,868,700.69
Liabililties due to related companiesEUR 1,117,109.33
Unspecified other liabilities
EUR 3,751,591.36
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 12,799,839.81
Staff expenses
EUR 4,659,263.14
Wages and salaries
EUR 3,985,245.09
Social security contributions and
expenses for pension plans and
benefits
EUR 674,018.05
Total depreciation EUR 262,971.29
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 262,971.29
Other operating expenses
EUR 7,679,451.74
Operating result from continuing
operations
EUR 198,153.64
Interest result (+/-)
EUR -225,108.33
Interest and similar income
EUR 44,937.25
thereof from related companies
EUR 3,154.46
Interest and similar expenses
EUR 270,045.58
thereof paid to related companies
EUR 35,043.64
Financial result (+/-)
EUR -225,108.33
Result
from ordinary operations (+/-) EUR -26,954.69
Income tax / refund of income tax (+/-)EUR 1.33
Other taxes / refund of taxes
EUR -3,492.48
Tax
(+/-)
EUR -3,491.15
Annual surplus / annual deficit
EUR -30,445.84
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.06 |
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|
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.77 |
|
EUR |
1 |
INR 79.56 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRI |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.