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MIRA INFORM REPORT
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Report No. : |
494214 |
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Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
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Name : |
MÜHLEN SOHN GMBH & CO.KG |
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Registered Office : |
Lindenstr. 16/1, D 89134 Blaustein, Post
Box:11 65, D 89130 Blaustein |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1880 |
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Com. Reg. No.: |
HRA 2081 |
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Legal Form : |
Limited partnership with private limited
company as general partner |
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Line of Business : |
Manufacture of other textiles n.e.c. |
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No. of Employees : |
Not available |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
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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 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, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2018.
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Source : CIA |
Company
name and address
Report on:
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
CONCLUSION
Business relations are permissible.
Company
summary
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
Total cap. contribution: EUR 1,267,000.00
Limited partner:
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
General partner:
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
Shareholder:
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
Manager:
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
COMPANY
HISTORY
company name and legal form
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
BUSINESS
ACTIVITIES
Main industrial sector
13990
Manufacture of other textiles n.e.c.
PARTICIPATIONS
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
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
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.
BANKERS
Principal bank
VOLKSBANK ULM-BIBERACH, 89231 NEU-ULM
Sort. code: 63090100
BIC: ULMVDE66XXX
Further banks
DEUTSCHE BANK, 89006 ULM
Sort. code: 63070088
BIC: DEUTDESS630
UNICREDIT BANK - HYPOVEREINSBANK, 89002 ULM
Sort. code: 63020086
BIC: HYVEDEMM461
VOLKSBANK ULM-BIBERACH, 89070 ULM
Sort. code: 63090100
BIC: ULMVDE66XXX
FINANCIAL
FIGURES
Gross profit or loss:2016 EUR 12,246,836.00
Profit: 2016 EUR 4,216,015.00
Equipment: EUR 1,523,906.00
Ac/ts receivable: EUR 5,693,631.00
Liabilities: EUR 9,272,853.00
No
full-time employees are employed.
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 79.77
Liquidity ratio: 10.00
Return on total capital [%]: 18.63
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 83.23
Liquidity ratio: 10.00
Return on total capital [%]: 16.89
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 79.97
Liquidity ratio: 10.00
Return on total capital [%]: 17.29
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 72.37
Liquidity ratio: 10.00
Return on total capital [%]: 14.76
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 22,634,273.66
Fixed assets
EUR 3,448,918.86
Intangible assets
EUR 266,027.89
Concessions, licences, rights
EUR 259,359.89
Goodwill
EUR 6,668.00
Tangible assets
EUR 2,718,089.00
Plant / machinery
EUR 1,097,771.61
Other tangible assets / fixtures and
fittings
EUR 1,523,905.71
Advance payments made / construction
in progress
EUR 96,411.68
Financial assets
EUR 464,801.97
Shares in participations /
subsidiaries and the like
EUR 431,262.18
Shares in related companies
EUR 431,262.18
Other loans
EUR 33,539.79
Current assets
EUR 19,149,148.54
Stocks
EUR 3,050,015.31
Other / unspecified stocks
EUR 3,050,015.31
Accounts receivable
EUR 5,693,630.89
Other debtors and assets EUR 5,693,630.89
Liquid means
EUR 10,405,502.34
Remaining other assets
EUR 36,206.26
Accruals (assets)
EUR 36,206.26
LIABILITIES EUR 22,634,273.66
Shareholders' equity
EUR 12,701,709.31
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 7,218,694.77
Retained earnings / revenue reserves EUR 7,218,694.77
Balance sheet profit/loss (+/-)
EUR 4,216,014.54
Annual surplus / annual deficit
EUR 4,216,014.54
Provisions
EUR 659,711.10
Other / unspecified provisions
EUR 659,711.10
Liabilities
EUR 9,272,853.25
Other liabilities
EUR 9,272,853.25
Trade creditors (for IAS incl. bills
of exchange) EUR 693,000.00
Liabilities from received advance
payments
EUR 285,000.00
Liabilities due to shareholders
EUR 5,355,000.00
Liabililties due to related companiesEUR 1,840,000.00
Unspecified other liabilities
EUR 1,099,853.25
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 12,246,836.44
Total depreciation
EUR 590,094.36
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 590,094.36
Other operating expenses
EUR 6,488,237.85
Operating result from continuing
operations
EUR 5,168,504.23
Interest result (+/-)
EUR -333,302.25
Interest and similar income
EUR 6,552.65
Interest and similar expenses
EUR 339,854.90
Other financial result
EUR 37,627.56
Income from securities and loans from
financial assets
EUR 37,627.56
Financial result (+/-)
EUR -295,674.69
Result from ordinary operations (+/-)
EUR 4,872,829.54
Income tax / refund of income tax (+/-)EUR -656,815.00
Tax
(+/-)
EUR -656,815.00
Annual surplus / annual deficit
EUR 4,216,014.54
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 26,050,043.77
Fixed assets
EUR 4,808,253.87
Intangible assets
EUR 193,109.35
Concessions, licences, rights
EUR 176,437.35
Goodwill
EUR 16,672.00
Tangible assets
EUR 3,086,671.61
Plant / machinery
EUR 1,283,809.00
Other tangible assets / fixtures and
fittings
EUR 1,572,560.97
Advance payments made / construction
in progress
EUR 230,301.64
Financial assets
EUR 1,528,472.91
Shares
in participations /
subsidiaries and the like
EUR 431,262.18
Shares in investee companies
EUR 431,262.18
Other loans
EUR 1,097,210.73
Current assets EUR 21,230,257.00
Stocks
EUR 3,103,248.85
Accounts receivable
EUR 4,697,877.07
Liquid means
EUR 13,429,131.08
Remaining other assets
EUR 11,532.90
Accruals (assets)
EUR 11,532.90
LIABILITIES EUR 26,050,043.77
Shareholders' equity
EUR 12,881,694.49
Capital EUR 1,267,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 1,267,000.00
Reserves
EUR 7,218,694.77
Retained earnings / revenue reserves EUR 7,218,694.77
Balance sheet profit/loss (+/-)
EUR 4,395,999.72
Annual surplus / annual deficit
EUR 4,395,999.72
Provisions
EUR 663,600.00
Liabilities
EUR 12,504,749.28
thereof total due to shareholders
EUR 8,802,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 12,117,846.05
Total depreciation
EUR 539,523.05
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 539,523.05
Other operating expenses
EUR 6,379,676.65
Operating result from continuing
operations
EUR 5,198,646.35
Interest result (+/-)
EUR -229,961.26
Interest and similar income
EUR 13,444.32
Interest and similar expenses
EUR 243,405.58
Other financial result
EUR 77,171.13
Income from securities and loans from
financial assets
EUR 77,171.13
Financial result (+/-)
EUR -152,790.13
Result from ordinary operations (+/-)
EUR 5,045,856.22
Income tax / refund of income tax (+/-)EUR -649,856.50
Tax
(+/-)
EUR -649,856.50
Annual surplus / annual deficit
EUR 4,395,999.72
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.23 |
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|
1 |
INR 89.71 |
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Euro |
1 |
INR 79.50 |
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Euro |
1 |
INR 80.31 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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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 |
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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.