MIRA INFORM REPORT

 

 

 

Report Date :           

21.01.2012

 

 

Company name

 

 Braun GmbH & Co. KG

 

 

Main address       

 

Industriestr. 10

D 55606 Kirn

Post Box:

61

Telephone:06752/9333-0

Telefax:  06752/933333

Homepage: www.braun-bueffel.com

E-mail:   info@braun-bueffel.com

 

 

VAT no.            

 

DE175275555

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as general partner

Date of foundation:         27.07.1887

Registered on:               01.01.1959

Register of

companies:                   Local court 55543 Bad Kreuznach

under:                           HRA 2192

Total cap. contribution:                EUR            100,000.00

 

 

Limited partner

 

Karl-Heinrich Braun

Josef-Görres-Str. 64

D 55606 Kirn

born: 10.01.1939

Share:             EUR             51,000.00

 

Limited partner:

Liesel Braun

Josef-Görres-Str. 64

D 55606 Kirn

born: 15.12.1945

née: Scheppler

Share:             EUR             25,000.00

 

Limited partner:

Christiane Brunk

Mittelbollenbacher Str. 25

D 55743 Idar-Oberstein

born: 24.01.1964

née: Braun

Share:             EUR             24,000.00

 

 

General partner

 

Braun Verwaltungs-GmbH

Industriestr. 10

D 55606 Kirn

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on: 20.02.2001

Reg. data: 55543 Bad Kreuznach, HRB 4226

 

Shareholder:

Christiane Brunk

Mittelbollenbacher Str. 25

D 55743 Idar-Oberstein

born: 24.01.1964

née: Braun

Share:             EUR             24,500.00

 

Shareholder:

Karl-Heinrich Braun

Josef-Görres-Str. 64

D 55606 Kirn

born: 10.01.1939

Share:             EUR                500.00

 

 

Manager

 

Christiane Brunk

Mittelbollenbacher Str. 25

D 55743 Idar-Oberstein

having sole power of representation

born: 24.01.1964

née: Braun

Marital status: married

 

 

Proxy

 

Wolfgang Menten

D 56859 Alf

authorized to jointly represent the company

born: 12.01.1951

 

 

COMPANY HISTORY

 

 01.01.1959 - 30.06.1983            Johann Braun KG Fabrik feiner

                                                Kleinlederwaren

                                                Halmerweg 13

                                                            D 55606 Kirn

                                                Limited partnership

 30.06.1983 - 21.03.2001            Johann Braun

                                                Industriestr. 10

                                                D 55606 Kirn

                                                Sole proprietorship

 22.03.2001 - 07.05.2001            Braun GmbH & Co. KG

                                                Industriestr. 10

                                                D 55606 Kirn

                                                Ltd partnership with priv. ltd. company

                                                as general partner

 

 

BUSINESS ACTIVITIES

 

 Sectors

 15120   Processing of leather (except manufacture of leather

 apparel)

 

 

PARTICIPATIONS

 

 Shareholder:

b2K accesoires GmbH

Industriestr. 10

D 55606 Kirn

Legal form: Private limited company

Company Status: dissolved  since: 20.11.2009

by official decree

Share capital:     EUR            202,000.00

Share:             EUR             40,400.00

Reg. data:  30.05.1996

Local court 55543 Bad Kreuznach

HRB 3484

 

 

FINANCIAL INFORMATION

 

Payment experience:  within periods customary in this trade

 

Negative information: We have no negative information at hand.

 

Maximum credit:      75,000 EUR

 

Balance sheet year:  2010

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Industriestr.10

D 55606 Kirn

 

Real Estate of:               Braun Verwaltungs-GmbH

Type of ownership:         Tenant

Address                        Industriestr.10

D 55606 Kirn

 

 Land register documents were not available.

 

 

BANKERS

 

 SPARKASSE RHEIN-NAHE, KIRN, NAHE

 Sort. code: 56050180, BIC: MALADE51KRE

 

 

FINANCIAL FIGURES

 

 Turnover:            2010              EUR          6,500,000.00

                          2011               EUR          4,420,000.00

 further business figures:

 Equipment:                                EUR            340,000.00

 Ac/ts receivable:                       EUR          1,400,858.00

 Liabillities:                                 EUR          4,096,710.00

 Employees:                                                                34

 

 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 [%]:                        -31.72

 Liquidity ratio:                           0.35

 Balance sheet grade:                    4.5

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                         -3.92

 Liquidity ratio:                             0.62

 Balance sheet grade:                     4.3

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                        -8.57

 Liquidity ratio:                           0.34

 Balance sheet grade:                   4.5

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                         -11.78

 Liquidity ratio:                               0.36

 Balance sheet grade:                                  4.5

 

 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          5,880,538.38

  Outstanding capital                    EUR            164,000.00

   Outstanding contributions             EUR            164,000.00

  Fixed assets                           EUR          1,313,151.95

   Intangible assets                     EUR            412,899.53

   Tangible assets                       EUR            824,720.64

   Financial assets                      EUR             75,531.78

  Current assets                         EUR          3,334,037.66

   Stocks                                EUR          1,864,660.06

   Accounts receivable                   EUR          1,400,858.29

   Liquid means                          EUR             68,519.31

  Remaining other assets                 EUR          1,069,348.77

   Accruals (assets)                     EUR             23,646.26

   Deficit not covered by shareholders'

   equity                                EUR          1,045,702.51

 

 LIABILITIES                             EUR          5,880,538.38

  Provisions                             EUR            207,227.58

  Liabilities                            EUR          4,096,710.20

  Other liabilities                      EUR          1,576,600.60

   Deferrals (liabilities)               EUR          1,576,600.60

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          5,974,313.89

  Outstanding capital                    EUR            176,000.00

   Outstanding contributions             EUR            176,000.00

  Fixed assets                           EUR          1,371,555.56

   Intangible assets                     EUR            483,674.78

    Other / unspecified intangible assetsEUR            483,674.78

   Tangible assets                       EUR            847,349.00

    Other / unspecified tangible assets  EUR            847,349.00

   Financial assets                      EUR             40,531.78

    Other / unspecified financial assets EUR             40,531.78

  Current assets                         EUR          4,401,766.73

   Stocks                                EUR          1,970,091.24

   Accounts receivable                   EUR          2,209,809.65

    Other debtors and assets             EUR          2,209,809.65

   Liquid means                          EUR            221,865.84

  Remaining other assets                 EUR             24,991.60

   Accruals (assets)                     EUR             24,991.60

 

 LIABILITIES                             EUR          5,974,313.89

  Shareholders' equity                   EUR            200,000.00

   Capital                               EUR            200,000.00

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR            200,000.00

  Provisions                             EUR            300,769.73

  Liabilities                            EUR          3,810,362.72

   Other liabilities                     EUR          3,810,362.72

    Unspecified other liabilities        EUR          3,810,362.72

  Other liabilities                      EUR          1,663,181.44

   Deferrals (liabilities)               EUR          1,663,181.44


MIRA INFORM REPORT

 

Report Date :           

21.01.2012

 

IDENTIFICATION DETAILS

 

Name :

BRAUN GMBH & CO. KG

 

 

Registered Office :

Industriestr. 10, D 55606 Kirn, Post Box 61

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

01.01.1959

 

 

Com. Reg. No.:

HRA 2192

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Processing of leather

 

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 :

10.000 EUR

Status :

Satisfactory

Payment Behaviour :

Regular

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 

 

Braun GmbH & Co. KG

 

Main address:

Industriestr. 10

D 55606 Kirn

Post Box:

61

Telephone:        06752/9333-0

Telefax:             06752/933333

Homepage:        www.braun-bueffel.com

E-mail:              info@braun-bueffel.com

 

 

VAT no.        

 

DE175275555

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

general partner

Date of foundation:         27.07.1887

Registered on:               01.01.1959

Register of

companies:                   Local court 55543 Bad Kreuznach

under:                                       HRA 2192

Total cap. contribution:   EUR            100.000,00

 

 

Limited partner

 

Karl-Heinrich Braun

Josef-Görres-Str. 64

D 55606 Kirn

born: 10.01.1939

Share:             EUR             51.000,00

Limited partner:

Liesel Braun

Josef-Görres-Str. 64

D 55606 Kirn

born: 15.12.1945

née: Scheppler

Share:             EUR             25.000,00

 

Limited partner:

Christiane Brunk

Mittelbollenbacher Str. 25

D 55743 Idar-Oberstein

born: 24.01.1964

née: Braun

Share:             EUR             24.000,00

 

 

General partner

 

Braun Verwaltungs-GmbH

Industriestr. 10

D 55606 Kirn

Legal form: Private limited company

Share capital:     EUR             25.000,00

Registered on: 20.02.2001

Reg. data: 55543 Bad Kreuznach, HRB 4226

 

 

Shareholder

 

Christiane Brunk

Mittelbollenbacher Str. 25

D 55743 Idar-Oberstein

born: 24.01.1964

née: Braun

Share:             EUR             24.500,00

 

Shareholder:

Karl-Heinrich Braun

Josef-Görres-Str. 64

D 55606 Kirn

born: 10.01.1939

Share:             EUR                500,00

 


Manager

 

Christiane Brunk

Mittelbollenbacher Str. 25

D 55743 Idar-Oberstein

having sole power of representation

born: 24.01.1964

née: Braun

Marital status: married

 

 

Proxy

 

Wolfgang Menten

D 56859 Alf

authorized to jointly represent the company

born: 12.01.1951

 

 

COMPANY HISTORY

 

 01.01.1959 - 30.06.1983  Johann Braun KG Fabrik feiner

                          Kleinlederwaren

                          Halmerweg 13

                          D 55606 Kirn

                          Limited partnership

 30.06.1983 - 21.03.2001  Johann Braun

                          Industriestr. 10

                          D 55606 Kirn

                          Sole proprietorship

 22.03.2001 - 07.05.2001  Braun GmbH & Co. KG

                          Industriestr. 10

                          D 55606 Kirn

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

BUSINESS ACTIVITIES

 

 Sectors

 15120   Processing of leather (except manufacture of leather  apparel)

 

 


PARTICIPATIONS

 

Shareholder:

b2K accesoires GmbH

Industriestr. 10

D 55606 Kirn

Legal form: Private limited company

Company Status: dissolved  since: 20.11.2009

by official decree

Share capital:     EUR            202.000,00

Share:                EUR             40.400,00

Reg. data:        30.05.1996

Local court 55543 Bad Kreuznach

HRB 3484

 

 

FINANCIAL INFORMATION

 

 Payment experience:    within periods customary in this trade

 

 Negative information:     We have no negative information at hand.

 

 Maximum credit:           10.000 EUR

 

 Balance sheet year:      2009

 

 

REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Industriestr.10

                                    D 55606 Kirn

 

 Real Estate of::             Braun Verwaltungs-GmbH

 Type of ownership:        Tenant

 Address                       Industriestr.10

                                    D 55606 Kirn

 

Land register documents were not available.

 

 

BANKERS

 

SPARKASSE RHEIN-NAHE, KIRN, NAHE

Sort. code: 56050180, BIC: MALADE51KRE

 

 

FINANCIAL FIGURES

 

 Turnover:            2009               EUR          6.400.000,00

                      2010               EUR          6.500.000,00

 further business figures:

 Employees:                                                     34

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

 

 

BALANCE SHEETS

 

 Balance sheet ratios 2009

 Equity ratio [%]:                 -3,92

 Liquidity ratio:                   0,62

 

 Balance sheet ratios 2008

 Equity ratio [%]:                 -8,57

 Liquidity ratio:                   0,34

 

 

 Balance sheet ratios 2007

 Equity ratio [%]:                -11,78

 Liquidity ratio:                   0,36

 

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.

 

Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          5.974.313,89

  Outstanding capital                    EUR            176.000,00

   Outstanding contributions             EUR            176.000,00

  Fixed assets                           EUR          1.371.555,56

   Intangible assets                     EUR            483.674,78

    Other / unspecified intangible assetsEUR            483.674,78

   Tangible assets                       EUR            847.349,00

    Other / unspecified tangible assets  EUR            847.349,00

   Financial assets                      EUR             40.531,78

    Other / unspecified financial assets EUR             40.531,78

  Current assets                         EUR          4.401.766,73

   Stocks                                EUR          1.970.091,24

   Accounts receivable                   EUR          2.209.809,65

    Other debtors and assets             EUR          2.209.809,65

   Liquid means                          EUR            221.865,84

  Remaining other assets                 EUR             24.991,60

   Accruals (assets)                     EUR             24.991,60

 

 LIABILITIES                             EUR          5.974.313,89

  Shareholders' equity                   EUR            200.000,00

   Capital                               EUR            200.000,00

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR            200.000,00

  Provisions                             EUR            300.769,73

  Liabilities                            EUR          3.810.362,72

   Other liabilities                     EUR          3.810.362,72

    Unspecified other liabilities        EUR          3.810.362,72

  Other liabilities                      EUR          1.663.181,44

   Deferrals (liabilities)               EUR          1.663.181,44

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR          6.097.953,45

  Fixed assets                           EUR          1.279.046,73

   Intangible assets                     EUR            409.118,18

   Tangible assets                       EUR            868.087,90

   Financial assets                      EUR              1.840,65

  Current assets                         EUR          4.415.520,63

   Stocks                                EUR          2.839.768,25

   Accounts receivable                   EUR          1.494.836,38

   Liquid means                          EUR             80.916,00

  Remaining other assets                 EUR            403.386,09

   Accruals (assets)                     EUR             34.616,44

   Deficit not covered by shareholders'

   equity                                EUR            368.769,65

 

 LIABILITIES                             EUR          6.097.953,45

  Shareholders' equity                   EUR            100.000,00

   Capital                               EUR            100.000,00

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR            100.000,00

  Provisions                             EUR            317.933,14

  Liabilities                            EUR          4.443.040,31

  Other liabilities                      EUR          1.236.980,00

   Deferrals (liabilities)               EUR          1.236.980,00

 Bottom of Form

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.32

UK Pound

1

Rs.77.96

Euro

1

Rs.65.30

 

 

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.