MIRA
INFORM REPORT
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Report Date : |
12.11.2012 |
IDENTIFICATION DETAILS
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Name : |
E.BECKER GMBH & CO. KG |
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Registered Office : |
Gewerbestrasse 7, LeopoldshOhe, 33818 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.02.1976 |
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Com. Reg. No.: |
3651 |
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Legal Form : |
Private Independent company |
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Line of Business : |
Subject is engaged in manufacture of men’s underwear; and manufacture of women’s underwear. |
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No. of Employees : |
15 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Germany |
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 |
germany - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.
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Source : CIA |
Company name & address
E.Becker GmbH & Co. KG
Gewerbestrasse 7
LeopoldshOhe, 33818
Germany
Tel: +49 (0) 5202 8630
Fax: +49 (0) 5202 86311
Synthesis
Employees: 15
Company Type: Private
Independent
Incorporation Date:
01-Feb-1976
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: NA
Total Assets: 3.8
Business Description
E.Becker GmbH & Co. KG is primarily engaged in manufacture of
men’s underwear; and manufacture of women’s underwear.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 1340 - Knitted
Product Manufacturing
NACE 2002: 1823 - Manufacture
of underwear
NAICS 2002: 3152 - Cut and Sew
Apparel Manufacturing
UK SIC 2003: 1823 - Manufacture
of underwear
UK SIC 2007: 1414 - Manufacture
of underwear
US SIC 1987: 2341 - Women's,
Misses', Children's, and Infants' Underwear and Nightwear
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
Location
Gewerbestrasse 7
LeopoldshOhe, 33818
Germany
Tel: +49 (0) 5202 8630
Fax: +49 (0) 5202 86311
Sales EUR(mil): NA
Assets EUR(mil): 2.9
Employees: 15
Fiscal Year End: 31-Dec-2010
Industry: Apparel
and Accessories
Incorporation Date: 01-Feb-1976
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(DEU): 3651
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1340 - Knitted Product Manufacturing
371 - Textile, Clothing and Footwear Wholesaling
NACE 2002 Codes:
1823 - Manufacture of underwear
5142 - Wholesale of clothing and footwear
NAICS 2002 Codes:
3152 - Cut and Sew Apparel Manufacturing
4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers
US SIC 1987:
2341 - Women's, Misses', Children's, and Infants' Underwear and
Nightwear
513 - Apparel, Piece Goods, and Notions
UK SIC 2003:
1823 - Manufacture of underwear
5142 - Wholesale of clothing and footwear
UK SIC 2007:
1414 - Manufacture of underwear
4642 - Wholesale of clothing and footwear
Business
Description
E.Becker GmbH & Co. KG is primarily engaged in manufacture of
men’s underwear; and manufacture of women’s underwear.
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Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Provisions |
0.0 |
0.1 |
0.0 |
Annual Balance
Sheet
Financials in: USD (mil)
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Total reserves |
0.0 |
0.0 |
- |
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Total
stockholders equity |
0.4 |
0.7 |
0.5 |
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Provisions and allowances |
0.0 |
0.1 |
0.0 |
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Total current
liabilities |
3.4 |
3.0 |
3.2 |
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Total liabilities
(including net worth) |
3.8 |
3.7 |
3.8 |
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Intangibles |
0.2 |
0.2 |
0.2 |
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Total tangible
fixed assets |
0.1 |
0.1 |
0.1 |
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Total
non-current assets |
0.3 |
0.3 |
0.3 |
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Net stocks and work in progress |
2.1 |
2.2 |
2.0 |
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Total
receivables |
1.4 |
1.2 |
1.5 |
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Cash and liquid assets |
0.0 |
0.0 |
0.0 |
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Total current
assets |
3.5 |
3.4 |
3.5 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
3.8 |
3.7 |
3.8 |
Annual Ratios
Financials in: USD (mil)
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
10.36 |
11.39 |
10.84 |
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Acid test ratio |
4.11 |
3.96 |
4.62 |
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Total liabilities to net worth |
0.79% |
0.45% |
0.59% |
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Net worth to total assets |
0.01% |
0.02% |
0.01% |
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Current liabilities to net worth |
0.79% |
0.45% |
0.59% |
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Current liabilities to stock |
0.16% |
0.13% |
0.16% |
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Fixed assets to net worth |
0.07% |
0.05% |
0.06% |
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Net worth |
0.4 |
0.7 |
0.5 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.34 |
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UK Pound |
1 |
Rs.86.97 |
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Euro |
1 |
Rs.69.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 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.