MIRA INFORM
REPORT
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Report Date : |
16.02.2011 |
IDENTIFICATION DETAILS
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Name : |
FLANSCHENWERK BEBITZ GMBH |
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Registered Office : |
Lebendorfer Str. 1/OT Bebitz, D 06420
Könnern |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
31.07.2002 |
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Com. Reg. No.: |
HRB 16517 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of Pipes, Hollow Profiles and Related Fittings, of Steel. |
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 : |
EUR 250.000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No complaints |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 and address
Flanschenwerk Bebitz GmbH
Lebendorfer Str. 1/OT Bebitz
D 06420 Könnern
Financial Information
Payment experience: within
periods customary in this trade
Negative information: We
have no negative information at hand.
Maximum credit: 250.000
EUR
Communication data
Main address
Address: Lebendorfer
Str. 1/OT Bebitz
D 06420 Könnern
Telephone: 034691/400
Telefax: 034691/40329
Homepage: www.bebitz.de
E-mail: FLANGES@BEBITZ.de
Tax ID number: 116/106/04791
VAT no.: DE224437925
Legal form
Legal form: Private limited company
Date of
foundation: 31.07.2002
Shareholders'
agreement: 31.07.2002
Registered on: 08.08.2002
Commercial
Register: Local court 39576
Stendal, HRB 16517
Share capital: 3.600.000,00 EUR
Shareholder
Dhruv Kochhar
Mehringstr. 22
D 04416 Markkleeberg
born: 23.05.1981
Share: 3.600.000,00 EUR
Manager
Dhruv Kochhar
Mehringstr. 22
D 04416 Markkleeberg
born: 23.05.1981
Further functions/participations of: Dhruv
Kochhar
Manager
Mitteldeutscher Flanschenhandel Bebitz GmbH
Lebendorfer Str. 1/OT Bebitz
D 06420 Könnern
Legal form: Private limited company dormant
Share capital: 25.000,00 EUR
Registered on: 02.08.1999
Reg. data: 39576 Stendal, HRB 15477
Proxy
Peter Behrend
Im Ostholz 17
D 44879
authorized to jointly represent the company
born: 25.04.1942
Profession: Engineer
Marital status: married
Proxy
Jürgen Bach
Friedrich-Ebert-Str. 28
D 04109
authorized to jointly represent the company
born: 29.12.1955
Profession: Fully qualified
Economist
Proxy
Surjit Singh Sethi
Zur Grund 105a/OT Bebitz
D 06420 Könnern
authorized to jointly represent the company
born: 04.07.1944
Company history
From to
08.08.2002 02.12.2008 Flanschenwerk
Bebitz GmbH, Lebendorfer Str. 1 OT Bebitz
D 06420 Lebendorf Private limited
company
Business
activities / Sectors
Sectors
24203 Manufacture of pipes,
hollow profiles and related fittings, of steel
Participations
Shareholder Mitteldeutscher
Flanschenhandel Bebitz GmbH
Lebendorfer Str. 1/OT Bebitz
D 06420 Könnern
Share: 13.450,00 EUR
Legal form: Private limited company
Share capital: 25.000,00 EUR
Reg. data: 02.08.1999
Local court 39576 Stendal
HRB 15477
Company Status: dormant since: 01.01.2004
Real estate
Real
Estate
Type of ownership proprietor
Share: 100,0 %
Address Lebendorfer Str.
1/OT Bebitz
D 06420 Könnern
Size: 280,000.0sq.m
Land register documents were not available.
Bankers
Sort. code Bank name/place BIC
80080000 COMMERZBANK VORMALS DRESDNER
BANK,
80055500 SALZLANDSPARKASSE,
STAßFURT NOLADE21SE
Financial figures
Turnover 2009 32.162.659,00 EUR
Profit 2009 -2.341.470,00 EUR
Equipment 16.000.000,00
EUR
Total numbers of vehicles 9
- Passenger cars 8
Employees 219
- thereof permanent staff 189
- Trainees 30
Balance sheets
Balance sheet
ratios
Description 2009
Equity ratio [%] 19,75
Liquidity ratio 0,23
Return on total capital [%] -8,16
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.
Financial year 01.01.2009
- 31.12.2009
EUR
ASSETS 29.777.953,76
Fixed assets 15.580.903,81
Intangible assets 120.998,00
Concessions,
licences, rights 33.107,00
Goodwill 87.891,00
Tangible assets 15.459.903,81
Land / similar rights 3.175.717,81
Plant / machinery 11.838.566,00
Other tangible
assets / fixtures and fittings 442.420,00
Advance payments made
/ construction in progress 3.200,00
Financial assets 2,00
Shares in
participations / subsidiaries and the like 2,00
Shares in related
companies 2,00
Current assets 13.014.429,95
Stocks 7.777.571,78
Raw materials,
consumables and supplies 3.111.654,50
Finished goods /
work in progress 4.665.917,28
Accounts
receivable 5.148.303,45
Trade debtors 4.536.450,84
Amounts due from
related companies 107.342,71
Other debtors and
assets 504.509,90
Liquid means 88.554,72
Remaining other
assets 1.182.620,00
Accruals (assets) 166.020,00
Deferred taxes
(assets) 1.016.600,00
LIABILITIES 29.777.953,76
Shareholders'
equity 6.150.068,85
Capital 3.600.000,00
Subscribed capital
(share capital) 3.600.000,00
Reserves 123.230,00
Retained earnings
/ revenue reserves 123.230,00
Balance sheet
profit/loss (+/-) 2.426.838,85
Profit / loss
brought forward 4.768.308,74
Annual surplus /
annual deficit -2.341.469,89
Items between
shareholders' equity and debt capital 2.111.840,13
Allowances /
bonuses 2.111.840,13
Provisions 142.000,00
Other /
unspecified provisions 142.000,00
Liabilities 21.374.044,78
Financial debts 14.424.739,82
Liabilities due to
banks 14.424.739,82
Other liabilities 6.949.304,96
Trade creditors (for
IAS incl. bills of exchange) 1.850.706,11
Notes payable 3.229.244,96
Liabililties due to related companies 43.543,53
Unspecified other liabilities 1.825.810,36
Profit and loss account (cost-summary method) according to Comm. Code
(HGB)
Sales 32.162.659,43
Inventory change + own costs (+/-) -2.058.484,35
Inventory change (+/-) -2.058.484,35
Other operating
income 1.166.097,67
Cost of materials 21.288.754,22
Raw materials and
supplies, purchased goods 21.188.168,71
Purchased services 100.585,51
Gross result (+/-) 9.981.518,53
Staff expenses 6.383.067,93
Wages and salaries 5.298.028,07
Social security
contributions and expenses for pension plans and benefits 1.085.039,86
Total depreciation 1.851.693,26
Depreciation on
tangible / intangible asssets (incl. start-up and exp. of bus. 1.851.693,26
Other operating
expenses 4.301.793,07
Operating result
from continuing operations -2.555.035,73
Interest result
(+/-) -684.980,88
Interest and
similar income 2.663,57
Interest and
similar expenses 687.644,45
Financial result
(+/-) -684.980,88
Result from
ordinary operations (+/-) -3.240.016,61
Extraordinary
income 64.712,04
Extraordinary
result (+/-) 64.712,04
Income tax /
refund of income tax (+/-) 893.370,00
Other taxes /
refund of taxes -59.535,32
Tax (+/-) 833.834,68
Annual surplus / annual deficit -2.341.469,89
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.45 |
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|
1 |
Rs.72.90 |
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Euro |
1 |
Rs.61.43 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Company |
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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.