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Report Date : |
30.11.2012 |
IDENTIFICATION DETAILS
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Name : |
BRÜCKNER TEXTILE TECHNOLOGIES GMBH & CO. KG |
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Registered Office : |
Benzstr. 10, D 71229 Leonberg, Post Box1154, D 71229 Leonberg |
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Country : |
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Date of Incorporation : |
08.12.2005 |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
Manufacture of machinery for textile, apparel and leather production |
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No. of Employees : |
242 |
RATING & COMMENTS
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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 (31.03.2011) |
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 |
BRÜCKNER TEXTILE TECHNOLOGIES GMBH & CO. KG
Company Status: active
Benzstr. 10
D 71229 Leonberg
Post Box:
1154, D 71229 Leonberg
Telephone:07152/12-0
Telefax: 07152/12-9254-9315
Homepage: www.brueckner-tm.de
E-mail: mail@brueckner-tm.de
VAT no.: DE814584353
Tax ID number: 70049/08537
LEGAL FORM Ltd partnership with priv. ltd. company as general partner
Registered on: 08.12.2005
Register of
companies: Local court 70190 Stuttgart
under: HRA 254481
Total cap. contribution: EUR 2,000,000.00
Limited partner:
Brückner Trockentechnik GmbH & Co. KG
Benzstr. 8-10
D 71229 Leonberg
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 5,113,000.00
contribution:
Share: EUR 2,000,000.00
Registered on: 18.11.1958
Reg. data: 70190 Stuttgart, HRA 253375
General partner:
Brückner Textile Technolgies
Geschäftsführungs GmbH
Benzstr. 10
D 71229 Leonberg
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 08.12.2005
Reg. data: 70190 Stuttgart, HRB 253341
Shareholder:
Brückner Trockentechnik GmbH & Co. KG
Benzstr. 8-10
D 71229 Leonberg
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 5,113,000.00
contribution:
Share: EUR 25,000.00
Registered on: 18.11.1958
Reg. data: 70190 Stuttgart, HRA 253375
Manager:
Regina Brückner
D 71229 Leonberg
having sole power of representation
born: 11.03.1969
Manager:
Axel Pieper
D 71229 Leonberg
having sole power of representation
born: 11.12.1967
Profession: Businessman
Manager:
Rüdiger Gieske
D 72135 Dettenhausen
authorized to jointly represent the company
born: 05.11.1960
Proxy:
Dusko Popovic
Ludwigstr. 36
D 70794 Filderstadt
authorized to jointly represent the company
born: 30.06.1968
Proxy:
Gerd Kolmer
D 89155 Erbach
having sole power of representation
born: 20.08.1958
Proxy:
Stefan Müller
D 90571 Schwaig
authorized to jointly represent the company
born: 13.04.1968
Proxy:
Andreas Grausdies
D 70839 Gerlingen
authorized to jointly represent the company
born: 22.08.1963
Proxy:
Tim Birkenmaier
D 75446 Wiernsheim
authorized to jointly represent the company
born: 01.06.1979
Proxy:
Mathias Strecker
D 74632 Neuenstein
authorized to jointly represent the company
born: 19.01.1970
Proxy:
Josef Feiertag
D 79689 Maulburg
authorized to jointly represent the company
born: 29.06.1966
Sectors
28940 Manufacture of machinery for textile, apparel and leather
production
46640 Wholesale of machinery for the textile industry and of
sewing and knitting machines
Branch:
Brückner Textile Technologies GmbH & Co. KG
Laufener Str. 2
D 84529 Tittmoning
TEL.: 08683/709-0
FAX.: 08683/709-90
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Benzstr. 10
D 71229 Leonberg
Real Estate of: Brückner Textile Technolgies
Geschäftsführungs GmbH
Type of ownership: Tenant
Address Benzstr. 10
D 71229 Leonberg
Land register documents were not available.
DEUTSCHE BANK, STUTTGART
Sort. code: 60070070, Account no.: 1630607, BIC: DEUTDESSXXX
UNICREDIT BANK - HYPOVEREINSBANK, STUTTGART
Sort. code: 60020290, Account no.: 322642814, BIC: HYVEDEMM473
LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK,
STUTTGART
Sort. code: 60050101, Account no.: 8966311, BIC: SOLADEST600
Financial year: 01.01. - 31.12.
Turnover: 2010 EUR 35,695,000.00
Equipment: EUR 573,384.00
Ac/ts
receivable:
EUR 9,101,354.00
Liabilities: EUR 3,056,916.00
Employees:
242
The aforementioned business figures may partly be estimated information based on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.20 |
|
|
1 |
Rs.88.37 |
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Euro |
1 |
Rs.71.47 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
RATING EXPLANATIONS
|
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 |
-- |
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.