MIRA INFORM REPORT

 

 

 

Report Date :

19.08.2008

 

IDENTIFICATION DETAILS

 

Name :

REINER BRACH GMBH & CO.

 

 

Registered Office :

Kommanditgesellschaft Wilhelm-Karmann-Str. 5 28237 Bremen

 

 

Country :

Germany

 

 

Date of Incorporation :

04.10.1985

 

 

Com. Reg. No.:

HRA 19495 HB

 

 

Legal Form :

Limited Partnership with Private Limited Company as General Partner

 

 

Line of Business :

Forging, Pressing, Stamping and Roll Forming of Metal, Powder Metallurgy

 

 

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

 

Maximum Credit Limit :

EUR 250.000,00.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

 

name & address

 

Reiner Brach GmbH & Co.

Kommanditgesellschaft

Wilhelm-Karmann-Str. 5

28237 Bremen

Telephone: 0421/64362-0

Telefax:   0421/64362-34

Homepage:  www.brach.de

E-Mail:    info@brach.de

 

 

VAT no.            

 

DE114618387

 

 

Tax ID number  

 

73 510 20002

 

 

SOLVENCY RATING

 

 1,3

 

 

CONCLUSION

 

 The maximum credit is EUR 250.000,00.

 Business relations are permissible.

 

 

LEGAL FORM         

 

 Ltd partnership with priv. ltd. Company as General partner

 

 

Begin of Business activities

 

04.10.1985

 

 

Registered on 

 

21.01.1986

Register of companies      

 

Local court 28195 BREMEN

under:               HRA 19495 HB

 

 

Total cap. contribution           

 

EUR          9.243.410,89

 

 

General Partner

 

Reiner Brach Verwaltungs- gesellschaft mbH

Wilhelm-Karmann-Str. 5

28237 Bremen

Legal form: Private limited company

Share capital:     EUR             25.564,59

Reg. Data:  19.11.1985

HRB 10735

28195 BREMEN

 

Shareholder

 

Reiner Brach

Bergmannstr. 31

45470 Mülheim

born 20.10.1939

Share:             EUR             25.564,59

 

Manager

 

Stefan Brach

Von-Bock-Str. 49

45468 Mülheim

having sole power of representation

born 28.01.1971

Occupation: Businessman

Marital status: single

 

General Partner

 

Reiner Brach

Bergmannstr. 31

45470 Mülheim

authorized to jointly represent the company

born 20.10.1939

Occupation: Businessman

Marital status: married

spouse      Erika Brach

née: Brauers

born on 03.04.1941

 

 

Limited Partner

 

Reiner Brach

Bergmannstr. 31

45470 Mülheim

born 20.10.1939

Share:             EUR          4.153.075,84

 

Limited Partner:

Reny-Stahl AG

FL - Vaduz

Legal form: Public limited company

Share:             EUR          4.067.751,29

 

Limited Partner:

ArcelorMittal Bremen GmbH

Carl-Benz-Str. 30

Post Box: 210220

28237 Bremen

Legal form: Private limited company

Share capital:     EUR        270.000.000,00

Share:             EUR          1.022.583,76

Reg. Data:  24.05.1994

HRB 15474 HB

28195 BREMEN

Employees:                             3.450

 

 

Further functions/participations of Reiner Brach (General Partner)

 

Shareholder:

Reiner Brach Verwaltungs- gesellschaft mbH

Wilhelm-Karmann-Str. 5

28237 Bremen

Legal form: Private limited company

Share capital:     EUR             25.564,59

Share:             EUR             25.564,59

Reg. Data:  19.11.1985

HRB 10735

28195 BREMEN

 

 

BUSINESS HISTORY

 

 Beginning of business activities:04.10.1985

 21.01.1986           Reiner Brach GmbH & Co.

                      Kommanditgesellschaft

                      Auf den Delben 35

                      28237 Bremen

                      Ltd partnership with priv. ltd. Company as

                      General partner

 

 

BUSINESS ACTIVITIES

 

 2840

 FORGING, PRESSING, STAMPING AND ROLL FORMING OF METAL, POWDER

 METALLURGY

 

 

BRANCHES AND FACTORIES

 

 Works:

                      Reiner Brach GmbH & Co. KG

                      Werkstr. 16 Gelände EKO

                      15890 Eisenhüttenstadt

 

 

FINANCIAL INFORMATION

 

Solvency rating:      1,3

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Wilhelm-Karmann-Str. 5

                             28237 Bremen

 

 Private real estate

 Name                 Reiner Brach Verwaltungs- gesellschaft mbH

 Type of ownership:   Tenant

 Address              Wilhelm-Karmann-Str. 5

                            28237 Bremen

 

 Land register documents were not available.

 

 

BANKERS

 

 SPARKASSE BREMEN, BREMEN

 Sort. code: 29050101

 DEUTSCHE BANK, BREMEN

 Sort. code: 29070050, Account No: 200 23 01

 BANKHAUS NEELMEYER, BREMEN

 Sort. code: 29020000, Account No: 4 819

 KBC BANK DEUTSCHLAND, BREMEN

 Sort. code: 29020100, Account No: 666 662

 

 

 FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:                       2006               EUR        140.000.000,00

                                    2007                 EUR        140.000.000,00

 Total cap. contribution:                          EUR          9.243.410,89

 Value of stocks:                                                EUR         15.000.000,00

 Equipment:                                           EUR          5.800.000,00

 Ac/ts receivable:                                               EUR         11.500.000,00

 Liabilities:                                             EUR          6.486.667,00

 Real estate of the firm:                          EUR          1.930.249,00

 Employees:                                                                  230

 

 

 Approximate figures are given.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.43.23

UK Pound

1

Rs.80.89

Euro

1

Rs.63.80

 

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. 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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions