MIRA INFORM REPORT

 

 

Report Date :

04.04.2012

 

IDENTIFICATION DETAILS

 

Name :

CARL BENZINGER GMBH

 

 

Registered Office :

Robert-Bosch-Str. 28, D 75180 Pforzheim

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

2000

 

 

Com. Reg. No.:

HRB 705721

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Manufacture of metal forming machinery

 

 

No. of Employees :

Not Available

 

 

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 :

200,000 EUR

Status :

Satisfactory

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Germany

A1

A

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company name & address

 

 Carl Benzinger GmbH

 

Company Status:      active

Robert-Bosch-Str. 28

D 75180 Pforzheim

Telephone:07231/41531-100

Telefax:  07231/41531-388

Homepage: www.benzinger.de

E-mail:   info@benzinger.de

 

VAT no.:             DE813138260

 

 

Company details

 

LEGAL FORM                            Private limited company

Date of foundation:                     2000

Shareholders' agreement:           20.12.2000

Registered on:                           29.12.2008

Commercial Register:                 Local court 68159 Mannheim

under:                                                   HRB 705721

 

Share capital:                          EUR          1,000,000.00

 

 

Shareholder

 

Rainer Jehle

Bahnhofstr. 5

D 75399 Unterreichenbach

born: 14.11.1968

Share:             EUR            450,000.00

 

Shareholder:

Michael Jehle

Baldung-Grien-Str. 43

D 75173 Pforzheim

born: 24.10.1970

Share:             EUR            450,000.00

 

Shareholder:

Inge Jehle

D 75172 Pforzheim

born: 26.12.1941

née: Müller

Share:             EUR            100,000.00

Manager

 

Dieter Jehle

Im Hansjakobsacker 7

D 75180 Pforzheim

having sole power of representation

born: 13.11.1940

Profession: graduate engineer

Marital status: married

 

Manager:

Rainer Jehle

Bahnhofstr. 5

D 75399 Unterreichenbach

having sole power of representation

born: 14.11.1968

Profession: Businessman

Marital status: unknown

 

Manager:

Michael Jehle

Baldung-Grien-Str. 43

D 75173 Pforzheim

having sole power of representation

born: 24.10.1970

Profession: Businessman

Marital status: unknown

 

 

Further functions/participations of Dieter Jehle (Manager)

 

Shareholder:

MIRD Ingenieurgesellschaft mbH

Zum Kretzer 11

D 88662 Überlingen

Legal form: Private limited company

Share capital:     EUR            314,000.00

Share:             EUR            314,000.00

Registered

on:         17.12.2008

Reg. data:  79098 Freiburg, HRB 703123

 

Shareholder:

MIRD Verwaltungs GmbH

Zum Kretzer 11

D 88662 Überlingen

Legal form: Private limited company

Share capital:     EUR             40,000.00

Share:             EUR             20,000.00

Registered

on:         16.02.2009

Reg. data:  79098 Freiburg, HRB 703405

 

Manager:

MIRD Ingenieurgesellschaft mbH

Zum Kretzer 11

D 88662 Überlingen

Legal form: Private limited company

Share capital:     EUR            314,000.00

Registered

on:         17.12.2008

Reg. data:  79098 Freiburg, HRB 703123

 

Manager:

MIRD Verwaltungs GmbH

Zum Kretzer 11

D 88662 Überlingen

Legal form: Private limited company

Share capital:     EUR             40,000.00

Registered

on:         16.02.2009

Reg. data:  79098 Freiburg, HRB 703405

 

 

Further functions/participations of Rainer Jehle (Manager)

 

General partner:

Jehle Grundbesitz OHG

Bahnhofstr. 7

D 75399 Unterreichenbach

Post Box:

20

Legal form: General Partnership

Registered

on:         15.05.1979

Reg. data:  70190 Stuttgart, HRA 330335

 

Manager:

MIRD Verwaltungs GmbH

Zum Kretzer 11

D 88662 Überlingen

Legal form: Private limited company

Share capital:     EUR             40,000.00

Registered

on:         16.02.2009

Reg. data:  79098 Freiburg, HRB 703405

 

Further functions/participations of Michael Jehle (Manager)

 

General partner:

Jehle Grundbesitz OHG

Bahnhofstr. 7

D 75399 Unterreichenbach

Post Box:

20

Legal form: General Partnership

Registered

on:         15.05.1979

Reg. data:  70190 Stuttgart, HRA 330335

 

 

COMPANY HISTORY

 

17.04.1982 - 19.02.2001  Dipl.-Ing. Jehle Präzisionsmaschinenbau

                         GmbH

                         Bahnhofstr. 7

                         D 75399 Unterreichenbach

                         Private limited company

19.02.2001 - 31.12.2007  Carl Benzinger GmbH

                         Bahnhofstr. 7

                         D 75399 Unterreichenbach

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Secondary industrial sector

28410   Manufacture of metal forming machinery

46141   Agents involved in the sale of machines (except

agricultural machineryand office machinery) and industrial

supplies n.e.c.

Average risk of default:          1.6 %

46620   Wholesale of machine tools

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Maximum credit:      200,000 EUR

 

Balance sheet year:  2009

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Robert-Bosch-Str. 28

                     D 75180 Pforzheim

 

Real Estate of:      Dieter Jehle

Type of ownership:   proprietor

Share:                100.00 %

Address              Bahnhofstr. 7

                     D 75399 Unterreichenbach

Value at selling price:                 EUR          1,534,000.00

 

Real Estate of:      Rainer Jehle

Type of ownership:   Tenant

Address              Bahnhofstr. 5

                     D 75399 Unterreichenbach

 

Real Estate of:      Michael Jehle

Type of ownership:   Tenant

Address              Baldung-Grien-Str. 43

                     D 75173 Pforzheim

 

Land register documents were not available.

 

 

BANKERS

 

Principal banks

SPARKASSE PFORZHEIM CALW, PFORZHEIM

COMMERZBANK VORMALS DRESDNER BANK, PFORZHEIM

 

 

FINANCIAL FIGURES

 

Ac/ts receivable:                       EUR          1,017,879.00

Liabillities:                           EUR          4,545,802.00

Total numbers of vehicles:                                     11

- Passenger cars:                                              11

Employees:                                                    137

- Trainees:                                                    18

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 43.66

Liquidity ratio:                   0.89

Return on total capital [%]:       2.92

 

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          9,196,690.16

 Fixed assets                           EUR            892,449.00

  Tangible assets                       EUR            892,449.00

   Other / unspecified tangible assets  EUR            892,449.00

 Current assets                         EUR          8,199,829.13

  Stocks                                EUR          3,516,718.08

  Accounts receivable                   EUR          1,017,879.35

   Other debtors and assets             EUR          1,017,879.35

  Investments in current assets         EUR            973,906.66

  Liquid means                          EUR          2,691,325.04

 Remaining other assets                 EUR            104,412.03

  Accruals (assets)                     EUR            104,412.03

 

LIABILITIES                             EUR          9,196,690.16

 Shareholders' equity                   EUR          3,303,338.87

  Capital                               EUR          1,000,000.00

   Subscribed capital (share capital)   EUR          1,000,000.00

  Reserves                              EUR            500,000.00

   Retained earnings / revenue reserves EUR            500,000.00

  Balance sheet profit/loss (+/-)       EUR          1,803,338.87

   Profit / loss brought forward        EUR          1,597,699.62

   Annual surplus / annual deficit      EUR            205,639.25

 Provisions                             EUR          1,347,549.21

 Liabilities                            EUR          4,545,802.08

  Other liabilities                     EUR          4,545,802.08

   Unspecified other liabilities        EUR          4,545,802.08

 

Profit and loss account (cost-summary method) according to Comm.

Code (HGB)

 Gross result (+/-)                     EUR         10,307,108.78

 Staff expenses                         EUR          6,692,158.99

  Wages and salaries                    EUR          5,606,905.35

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR          1,085,253.64

 Total depreciation                     EUR             75,510.75

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR             75,510.75

 Other operating expenses               EUR          2,947,934.21

 Operating result from continuing

 operations                             EUR            591,504.83

 Interest result (+/-)                  EUR             -4,467.27

  Interest and similar income           EUR             53,739.13

   thereof from related companies       EUR                  0.00

  Interest and similar expenses         EUR             58,206.40

   thereof paid to related companies    EUR                  0.00

 Financial result (+/-)                 EUR             -4,467.27

 Result from ordinary operations (+/-)  EUR            587,037.56

 Expenses for transfer of profits to a

 parent company                         EUR             62,500.00

 Income tax / refund of income tax (+/-)EUR           -318,898.31

 Tax (+/-)                              EUR           -318,898.31

 Annual surplus / annual deficit        EUR            205,639.25

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.56

UK Pound

1

Rs.81.04

Euro

1

Rs.67.48

 

 

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

 

--

 

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.