MIRA INFORM REPORT
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Report Date : |
15.07.2011 |
IDENTIFICATION DETAILS
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Name : |
BASTIAN GMBH & CO. KG |
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Registered Office : |
Lise-Meitner-Str. 5, D 28359 Bremen, Post Box 10 73 05, D 28073
Bremen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
03.09.1998 |
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Com. Reg. No.: |
HRA 21617 HB |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
Wholesale of clocks and watches and jewelry |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
102,000 EUR |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Germany |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
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 |
Company name & address
bastian GmbH & Co. KG
Main address:
Lise-Meitner-Str. 5
D 28359 Bremen
Post Box:
10 73 05, D 28073 Bremen
Telephone: 0421/3385555
Telefax: 0421/3385599
Homepage: www.e-bastian.de
E-mail: info@e-bastian.de
VAT no.
DE812567014
Tax ID number
72 506 01330
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date of foundation: 1991
Registered on: 03.09.1998
Register of
companies: Local court 28195 Bremen
under: HRA 21617 HB
Total cap. contribution:
EUR 920,000.00
Limited partner
Stefan-Jürgen Peters
Im Eichenholz 5
D 28355 Bremen
born: 15.04.1950
Share: EUR 828,000.00
Limited partner:
Axel Fritsch
D 28195 Bremen
Share: EUR 92,000.00
General partner
bastian Beteiligungs GmbH
Lise-Meitner-Str. 5
D 28359 Bremen
Legal form: Private limited company
Share capital: EUR 25,564.59
Registered on: 31.08.1998
Reg. data: 28195 Bremen, HRB 18221 HB
Shareholder
bastian GmbH & Co. KG
Lise-Meitner-Str. 5
D 28359 Bremen
Post Box:
10 73 05, D 28073 Bremen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 920,000.00
contribution:
Share: EUR 25,564.59
Registered on: 03.09.1998
Reg. data: 28195 Bremen, HRA 21617 HB
Manager
Axel Fritsch
D 28195 Bremen
having sole power of representation
Manager:
Axel Niesing
D 28195 Bremen
having sole power of representation
born: 20.07.1968
Proxy
Eric Gärtner
D 28865 Lilienthal
authorized to jointly represent the company
COMPANY HISTORY
05.04.1975 -
23.07.1991 Bastian internationale
Accessoires
Manfred Renke
Blumenthalstr. 17
D
28209 Bremen
Sole proprietorship
23.07.1991 -
16.01.1997 Bastian internationale
Accessoires
Manfred Renke GmbH
Blumenthalstr. 17
D
28209 Bremen
Private limited company
16.01.1997 -
03.09.1998 bastian Internationale
Accessoires
Handels-GmbH
Blumenthalstr. 17
D
28209 Bremen
Private
limited company
03.09.1998 -
06.08.2003 bastian GmbH & Co. KG
Blumenthalstr. 17
D
28209 Bremen
Ltd partnership with priv. ltd. company
as
general partner
06.08.2003 -
16.10.2006 bastian GmbH & Co. KG
Außer der Schleifmühle 60/62
D
28203 Bremen
Ltd partnership with priv. ltd. company
as
general partner
16.10.2006 - 09.2010 bastian GmbH & Co. KG
Fahrenheitstr. 9
D
28359 Bremen
Ltd partnership with priv. ltd. company
as
general partner
BUSINESS ACTIVITIES
Secondary
industrial sector
46480 Wholesale of clocks
and watches and jewelry
47770 Retail sale of
clocks, watches and jewelry
PARTICIPATIONS
Shareholder:
bastian Beteiligungs GmbH
Lise-Meitner-Str. 5
D 28359 Bremen
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 31.08.1998
Local court 28195 Bremen
HRB 18221 HB
FINANCIAL INFORMATION
Payment experience: within
periods customary in this trade
Negative information: We
have no negative information at hand.
Maximum credit: 102,000 EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership: Tenant
Address Lise-Meitner-Str.
5
D 28359 Bremen
Real Estate of: bastian
Beteiligungs GmbH
Type of ownership: Tenant
Address Lise-Meitner-Str.
5
D 28359 Bremen
Land register documents
were not available.
BANKERS
BREMER LANDESBANK, BREMEN
Sort. code: 29050000, BIC: BRLADE22XXX
FINANCIAL FIGURES
Turnover: 2009 EUR 5,000,000.00
2010 EUR 6,000,000.00
further business figures:
Employees:
17
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 [%]: 14.55
Liquidity ratio: 0.54
Return on total capital [%]: 0.03
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 13.80
Liquidity ratio: 0.47
Balance
sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 21.00
Liquidity ratio: 0.56
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 3,148,128.85
Fixed assets
EUR 166,482.16
Intangible assets
EUR 33,862.00
Tangible assets
EUR 107,055.57
Financial assets
EUR 25,564.59
Current assets
EUR 2,772,368.52
Stocks
EUR 1,269,225.39
Accounts receivable
EUR 1,227,598.44
Liquid means
EUR 275,544.69
Remaining other assets EUR 209,278.17
Accruals (assets)
EUR 33,035.18
Deficit not covered by shareholders'
equity
EUR 176,242.99
LIABILITIES EUR 3,148,128.85
Shareholders' equity
EUR 687,610.75
Capital
EUR 687,610.75
Limited partner's capital / capital
of partially liable partner (LP)
EUR 687,610.75
Limited partner's capital, fixed
capital, capital account I
EUR 951,569.31
- Loss brought forward account
EUR 263,958.56
Items between shareholders' equity and
debt capital EUR 25,564.59
Balancing items for capitalised own
shares in cos. acting as general
partners
EUR 25,564.59
Provisions
EUR 38,005.22
Liabilities
EUR 2,396,948.29
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 3,309,269.28
Fixed assets EUR 116,077.81
Intangible assets
EUR 6,922.00
Tangible assets
EUR 83,591.22
Financial assets
EUR 25,564.59
Current assets
EUR 2,980,247.84
Stocks
EUR 1,605,248.91
Accounts receivable
EUR 1,169,850.35
Liquid means
EUR 205,148.58
Remaining other assets EUR 212,943.63
Accruals (assets)
EUR 30,497.15
Deficit not covered by shareholders'
equity
EUR 182,446.48
LIABILITIES
EUR 3,309,269.28
Shareholders' equity
EUR 666,982.86
Capital
EUR 666,982.86
Limited partner's capital / capital
of partially liable partner (LP)
EUR 666,982.86
Limited partner's capital, fixed
capital, capital account I
EUR 949,551.90
- Loss brought forward account
EUR 282,569.04
Items between shareholders' equity and
debt
capital
EUR 25,564.59
Balancing items for capitalised own
shares in cos. acting as general
partners
EUR 25,564.59
Provisions
EUR 37,822.54
Liabilities EUR 2,578,899.29
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.53 |
|
UK Pound |
1 |
Rs.71.80 |
|
Euro |
1 |
Rs.63.15 |
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 |
|
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.