MIRA INFORM
REPORT
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Report Date : |
20.08.2011 |
IDENTIFICATION DETAILS
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Name : |
BILCARE GMBH |
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Registered Office : |
Industriepark
Höchst 840, D 65926 Frankfurt |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
25.07.2005 |
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Com. Reg. No.: |
HRB 75178 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of plastic packing goods |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
5,000 EUR |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Unknown |
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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 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Germany |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Bilcare GmbH
Main address:
Industriepark
Höchst 840
D 65926 Frankfurt
Telephone: 069/30523599
Telefax: 069/30517100
Homepage: www.bilcare.com
Synthesis
LEGAL FORM Private
limited company
Date of foundation: 17.06.2003
Shareholders'
agreement: 17.06.2003
Registered on: 25.07.2005
Commercial Register: Local court 60313 Frankfurt
under: HRB
75178
Share capital: EUR 25,000.00
Shareholder
Bilcare Ltd.
IND Pune
Legal form: Other
legal form
Share: EUR 25,000.00
Manager
Mohan Bhandari
IND Pune
having sole power
of representation
born: 14.11.1959
Nationality:
Indian
Proxy
Dr. Volker Huelck
D 65779 Kelkheim
born: 19.01.1940
Further functions/participations of Mohan Bhandari (Manager)
Manager:
Bilcare Germany Management
GmbH
Radebeulstr. 1
D 79219 Staufen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 16.08.2010
Reg. data: 79098 Freiburg, HRB 705686
COMPANY HISTORY
17.06.2003 - 24.07.2005 Pharmazeutische Verpackungen Bilcare
Europe GmbH
Neue Heimat 20
D 65779 Kelkheim
Private limited
company
25.07.2005 - 02.11.2005 Bilcare GmbH
Industriepark Höchst
840
D 65926 Frankfurt
Private limited
company
BUSINESS ACTIVITIES
Sectors
22220
Manufacture of plastic packing goods
96090
Other service activities n. e. c.
FINANCIAL INFORMATION
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Maximum credit: 5,000
EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership: Tenant
Address Industriepark
Höchst 840
D 65926 Frankfurt
Land register documents were not available.
BANKERS
A bank connection is unknown.
FINANCIAL FIGURES
Turnover:
2009 EUR 320,000.00
Ac/ts receivable: EUR 549,599.00
Liabilities: EUR 674,815.00
Employees:
2
The aforementioned business figures may partly
be estimated information based on average values in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 42.00
Liquidity ratio: 1.08
Return on total capital [%]: -39.81
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]:
28.96
Liquidity ratio: 1.35
Return on total capital [%]: -9.88
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 13.76
Liquidity ratio: 1.14
Return on total capital [%]: 4.93
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
Financial year:
01.01.2009 - 31.12.2009
ASSETS EUR 1,092,264.00
Fixed
assets EUR 10,636.00
Tangible
assets EUR 10,636.00
Other /
unspecified tangible assets EUR 10,636.00
Current
assets EUR 1,081,628.00
Stocks EUR 414,693.00
Accounts
receivable EUR 549,599.22
Other
debtors and assets EUR
549,599.22
Liquid
means EUR 117,335.78
LIABILITIES EUR 1,092,264.00
Shareholders'
equity EUR 410,648.73
Capital EUR 25,000.00
Subscribed
capital (share capital) EUR 25,000.00
Reserves
EUR 1,633,681.28
Capital
reserves EUR 1,633,681.28
Balance
sheet profit/loss (+/-) EUR -1,248,032.55
Profit /
loss brought forward EUR -813,179.24
Annual
surplus / annual deficit EUR -434,853.31
Provisions EUR 6,800.00
Liabilities
EUR 674,815.27
thereof
total due to shareholders EUR 48,130.19
Other
liabilities EUR 674,815.27
Unspecified
other liabilities EUR 674,815.27
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2008 - 31.12.2008
ASSETS EUR 6,729,896.44
Fixed
assets EUR 15,790.00
Tangible
assets EUR 15,790.00
Current
assets EUR 6,714,106.44
Stocks EUR 289,617.28
Accounts
receivable EUR 6,409,815.21
Amounts due
from shareholders EUR 0.00
Trade
debtors EUR 6,172,396.93
Other
debtors and assets EUR 237,418.28
Liquid
means EUR 14,673.95
Remaining
other assets EUR 0.00
Accruals
(assets) EUR 0.00
LIABILITIES EUR 6,729,896.44
Shareholders'
equity EUR 644,131.89
Capital EUR 25,000.00
Subscribed
capital (share capital) EUR 25,000.00
Reserves
EUR 1,432,311.13
Capital
reserves EUR 1,432,311.13
Balance
sheet profit/loss (+/-) EUR -813,179.24
Profit /
loss brought forward EUR -148,373.85
Annual
surplus / annual deficit EUR -664,805.39
Provisions EUR 6,800.00
Liabilities EUR 6,078,964.55
thereof
total due to shareholders EUR 1,304,540.06
Other
liabilities EUR 6,078,964.55
Trade
creditors (for IAS incl. bills
of
exchange)
EUR 6,004,490.82
Unspecified
other liabilities EUR 74,473.73
thereof
liabilities from tax /
financial
authorities EUR 2,971.32
Other
liabilities EUR 0.00
Deferrals (liabilities) EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.61 |
|
UK Pound |
1 |
Rs.75.32 |
|
Euro |
1 |
Rs.65.68 |
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 |
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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 |
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NB |
New Business |
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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.