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Report Date : |
20.11.2012 |
IDENTIFICATION DETAILS
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Name : |
BAUTEX-STOFFE GMBH DIETER WEIS |
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Registered Office : |
Bajuwarenring
2, D 82041 Oberhaching |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.01.1964 |
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Legal Form : |
Private limited company |
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Line of Business : |
Wholesale of textiles |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
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.
|
Source : CIA |
Bautex-Stoffe
GmbH Dieter Weis
Bajuwarenring
2
D 82041
Oberhaching
Telephone: 089/435547-0
Telefax: 089/4361120
Homepage:
www.bautex-stoffe.de
E-mail: info@bautex-stoffe.de
DE129297382
143/118/40429
Business
relations are permissible.
LEGAL
FORM Private limited company
Date of
foundation: 01.01.1964
Shareholders'
agreement: 10.02.1977
Registered
on: 18.03.1977
Commercial
Register: Local court
80797 München
under: HRB
52574
Share
capital:
EUR 26,000.00
Dieter
Weis
Hohenwaldstr.43
D 82041
Oberhaching
born:
18.06.1936
Share: EUR 20,800.00
Shareholder:
Manfred
Weis
Hohenwaldstr.
47
D 82041
Oberhaching
born:
12.04.1963
Share: EUR 5,200.00
Dieter
Weis
Hohenwaldstr.43
D 82041
Oberhaching
having
sole power of representation
born:
18.06.1936
Profession:
Businessman
Marital
status: married
to: Hedwig Weis
born
Späth
born
28.11.1938
Hedwig
Weis
Hohenwaldstr.43
D 82041
Oberhaching
born:
28.11.1938
née:
Späth
Marital
status: married
01.01.1964
- 10.02.1977 Dieter Weis
St.-Veit-Str.
32
D 81673
München
Unregistered
commercial enterprise
10.02.1977
- 02.05.2000 Bautex-Stoffe GmbH Dieter
Weis
St.-Veit-Str.
32
D 81673
München
Private
limited company
Sectors
46410 Wholesale of textiles
Payment
experience: within 30 days
Negative
information:We have no negative information at hand.
Type of
ownership: Tenant
Address Bajuwarenring 2
D 82041
Oberhaching
Real
Estate of: Dieter Weis
Type of
ownership: proprietor
Share: 100.00 %
Address Hohenwaldstr. 43
D 82041
Oberhaching
Type of
real estate: detached single-family house
Value at
selling price: EUR 409,000.00
Real
Estate of: Dieter Weis
Type of
ownership: proprietor
Share: 100.00 %
Address Hohenwaldstr. 45
D 82041
Oberhaching
Real
Estate of: Dieter Weis
Type of
ownership: proprietor
Share: 100.00 %
Address Hohenwaldstr. 47
D 82041
Oberhaching
Land
register documents were not available.
DEUTSCHE
BANK PRIVAT UND GESCHÄFTSKUNDEN, MÜNCHEN
Sort.
code: 70070024, Account no.: 884906900, BIC: DEUTDEDBMUC
UNICREDIT
BANK - HYPOVEREINSBANK, MÜNCHEN
Sort.
code: 70020270, Account no.: 6060630060, BIC: HYVEDEMMXXX
POSTBANK,
NÜRNBERG, MITTELFR
Sort.
code: 76010085, Account no.: 47017851, BIC: PBNKDEFF760
Turnover: 2010 EUR 4,700,000.00
2011 EUR 4,750,000.00
further
business figures:
Ac/ts
receivable:
EUR 639,801.00
Liabilities: EUR 454,484.00
Employees:
12
The
aforementioned business figures may partly be estimated information based on
average values in the line of business.
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 59.59
Liquidity
ratio: 1.57
Return
on total capital [%]: 2.85
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 58.57
Liquidity
ratio: 3.49
Return
on total capital [%]: 12.06
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 50.00
Liquidity
ratio: 1.31
Return
on total capital [%]: 2.00
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: 01.01.2010 - 31.12.2010
ASSETS EUR 1,265,921.95
Fixed
assets EUR 101,949.00
Intangible
assets EUR 4,543.00
Other /
unspecified intangible assetsEUR
4,543.00
Tangible
assets EUR 97,406.00
Other /
unspecified tangible assets EUR 97,406.00
Current
assets EUR 1,153,531.72
Stocks EUR 467,450.00
Accounts
receivable EUR 639,800.55
Other
debtors and assets EUR 639,800.55
Liquid
means EUR 46,281.17
Remaining
other assets EUR 10,441.23
Accruals
(assets) EUR 10,441.23
LIABILITIES EUR 1,265,921.95
Shareholders'
equity EUR 755,282.85
Capital EUR 26,000.00
Subscribed
capital (share capital) EUR 26,000.00
Balance
sheet profit/loss (+/-) EUR 729,282.85
Profit /
loss brought forward EUR 693,296.60
Annual
surplus / annual deficit EUR 35,986.25
Provisions EUR 56,155.00
Liabilities EUR 454,484.10
Other
liabilities EUR 454,484.10
Unspecified
other liabilities EUR 454,484.10
Type of
balance
sheet: Company balance sheet
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 1,228,180.17
Fixed
assets EUR 45,365.00
Tangible
assets EUR 45,365.00
Other /
unspecified tangible assets EUR 45,365.00
Current
assets EUR 1,175,881.86
Stocks EUR 304,520.00
Accounts
receivable EUR 599,331.19
Other
debtors and assets EUR 599,331.19
Liquid
means EUR 272,030.67
Remaining
other assets EUR 6,933.31
Accruals
(assets) EUR 6,933.31
LIABILITIES EUR 1,228,180.17
Shareholders'
equity EUR 719,296.60
Capital EUR 26,000.00
Subscribed
capital (share capital) EUR 26,000.00
Balance
sheet profit/loss (+/-) EUR 693,296.60
Profit /
loss brought forward EUR 545,219.79
Annual
surplus / annual deficit EUR 148,076.81
Provisions EUR 64,935.00
Liabilities EUR 443,948.57
Other
liabilities EUR 443,948.57
Unspecified
other liabilities EUR 443,948.57
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.96 |
|
|
1 |
Rs.87.49 |
|
Euro |
1 |
Rs.70.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.