MIRA INFORM REPORT

 

 

Report Date :           

08.10.2011

 

IDENTIFICATION DETAILS

 

Name :

BIAT GMBH & CO. KG

 

 

Registered Office :

Röntgenstr. 40, D 57439 Attendorn

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

09.01.2003

 

 

Com. Reg. No.:

HRA 7657

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Manufacture of fasteners and screw machine products

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

18,500 EUR

 

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

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

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

BIAT GmbH & Co. KG

 

Main address:

Röntgenstr. 40

D 57439 Attendorn

Telephone:        02722/6354330

Telefax:             02722/635433-50

Homepage:        www.biat.de

E-mail:              biat@biat.de

 

 

VAT no.        

 

DE813613137

 

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

                                    general partner

Registered on:               09.01.2003

Register of

companies:                   Local court 57072 Siegen

under:                           HRA 7657

Total cap. contribution:    EUR             75,000.00

 

 

Limited partner

 

Bernhard Bischopink

Am Halloh 45

D 57413 Finnentrop

born: 1943

Share:             EUR             52,500.00

 

Limited partner:

Heiko Bischopink

D 57439 Attendorn

born: 02.06.1975

Share:             EUR             11,250.00

Limited partner:

Uta Bischopink

D 57413 Finnentrop

born: 14.01.1977

Share:             EUR             11,250.00

 

 

General partner

 

BIAT Verwaltungsgesellschaft mbH

Röntgenstr. 40

D 57439 Attendorn

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on: 17.12.2002

Reg. data: 57072 Siegen, HRB 7499

 

 

Shareholder

 

Bernhard Bischopink

Am Halloh 45

D 57413 Finnentrop

born: 1943

Share:             EUR             25,000.00

 

 

Manager

 

Bernhard Bischopink

Am Halloh 45

D 57413 Finnentrop

having sole power of representation

born: 1943

Marital status: married

 

Manager:

Uta Köhler

D 57413 Finnentrop

authorized to jointly represent the company

 

Manager:

Heiko Bischopink

D 57439 Attendorn

authorized to jointly represent the company

born: 02.06.1975

 

 

BUSINESS ACTIVITIES

 

Sectors

25940   Manufacture of fasteners and screw machine products

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            18,500 EUR

 

Balance sheet year:       2010

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Röntgenstr. 40

                                    D 57439 Attendorn

 

Land register documents were not available.

 

 

BANKERS

 

POSTBANK, DORTMUND

Sort. code: 44010046, BIC: PBNKDEFF440

 

 

FINANCIAL FIGURES

 

Turnover:            2009               EUR            800,000.00

                     2010               EUR          1,100,000.00

further business figures:

Ac/ts receivable:                       EUR            272,450.00

Liabillities:                           EUR          1,498,091.00

Employees:                                                     15

- thereof permanent staff:                                      6

- Temporary workers:                                            9

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 31.16

Liquidity ratio:                   0.22

Balance sheet grade:                3.3

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                  5.45

Liquidity ratio:                   0.25

Balance sheet grade:                4.0

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                  5.53

Liquidity ratio:                   0.25

Balance sheet grade:                4.2

 

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.

 

Balance sheet grade

The balance sheet grade is based on the following ratios: equity ratio, liquidity ratio and return on total capital from the balance sheets published in the Federal Gazette.

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2010 - 31.12.2010

 

ASSETS                                  EUR          1,592,906.97

 Fixed assets                           EUR            533,706.00

  Intangible assets                     EUR             12,157.50

   Other / unspecified intangible assetsEUR             12,157.50

  Tangible assets                       EUR            521,548.50

   Other / unspecified tangible assets  EUR            521,548.50

 Current assets                         EUR          1,049,482.27

  Stocks                                EUR            738,258.89

  Accounts receivable                   EUR            272,450.11

   Other debtors and assets             EUR            272,450.11

  Liquid means                          EUR             38,773.27

 Remaining other assets                 EUR              9,718.70

  Accruals (assets)                     EUR              9,718.70

 

LIABILITIES                             EUR          1,592,906.97

 Shareholders' equity                   EUR             75,000.00

  Capital                               EUR             75,000.00

   Limited partner's capital / capital

   of partially liable partner (LP)     EUR             75,000.00

 Provisions                             EUR             19,815.00

 Liabilities                            EUR          1,498,091.97

  Other liabilities                     EUR          1,498,091.97

   Unspecified other liabilities        EUR          1,498,091.97

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          1,377,147.66

 Fixed assets                           EUR            291,614.00

  Intangible assets                     EUR                  0.50

   Other / unspecified intangible assetsEUR                  0.50

  Tangible assets                       EUR            291,613.50

   Other / unspecified tangible assets  EUR            291,613.50

 Current assets                         EUR          1,084,549.66

  Stocks                                EUR            761,043.21

  Accounts receivable                   EUR            311,936.41

   Other debtors and assets             EUR            311,936.41

  Liquid means                          EUR             11,570.04

 Remaining other assets                 EUR                984.00

  Accruals (assets)                     EUR                984.00

 

LIABILITIES                             EUR          1,377,147.66

 Shareholders' equity                   EUR             75,000.00

  Capital                               EUR             75,000.00

   Limited partner's capital / capital

   of partially liable partner (LP)     EUR             75,000.00

 Provisions                             EUR             18,200.00

 Liabilities                            EUR          1,283,947.66

  Other liabilities                     EUR          1,283,947.66

   Unspecified other liabilities        EUR          1,283,947.66

 

There may have been some changes since our last research took place. Therefore, a freshly researched report will follow shortly.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.14

UK Pound

1

Rs.75.97

Euro

1

Rs.65.99

 

 

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

----

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%)

 

 

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.