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Report Date : |
23.04.2013 |
IDENTIFICATION DETAILS
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Name : |
BUDIAM DIAMANTWERKZEUGE R. UND N.
BÜTTNER GMBH |
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Registered Office : |
Industriestr. 5a D 35713 Eschenburg |
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Country : |
Germany |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
27.01.1977 |
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Com. Reg. No.: |
HRB 3049 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of tools |
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No. of Employees : |
28 |
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) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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.
Source
: CIA
BUDIAM DIAMANTWERKZEUGE R. UND N. BÜTTNER GMBH
Company Status: active
Industriestr. 5a
D 35713 Eschenburg
Telephone:02770/91200
Telefax: 02770/1000
Homepage:
www.buediam.de
E-mail: mail@buediam.de
DE112599972
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 27.01.1977
Shareholders'
agreement: 27.01.1977
Registered on: 14.04.1977
Commercial Register: Local court 35578 Wetzlar
under: HRB
3049
EUR 128,000.00
Eva
Maria Milsch
Schelde-Lahn-Str. 10
D
35713 Eschenburg
born:
20.10.1962
née:
Büttner
Share: EUR 102,400.00
Shareholder:
Jann
Knut Büttner
Viandenstr. 16
D
35683 Dillenburg
born:
11.03.1981
Share: EUR 25,600.00
Manager:
Eva
Maria Milsch
Schelde-Lahn-Str. 10
D
35713 Eschenburg
having
sole power of representation
born:
20.10.1962
née:
Büttner
Profession: Tax consultant assistant
Manager:
Hans
Günther Milsch
Schelde-Lahn-Str. 10
D
35713 Eschenburg
having
sole power of representation
born:
15.03.1956
Profession: Fully qualified Economist
FURTHER FUNCTIONS/PARTICIPATIONS OF HANS
GÜNTHER MILSCH (MANAGER)
Shareholder:
Dipl.-Oec. H.G. Milsch
Unternehmensberatungs- und
Kapitalanlagenvermittlungs-GmbH
Hüttenplatz 26
D
35683 Dillenburg
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 30.12.1993
Reg.
data: 35578 Wetzlar, HRB 3325
Manager:
Dipl.-Oec. H.G. Milsch
Unternehmensberatungs- und
Kapitalanlagenvermittlungs-GmbH
Hüttenplatz 26
D
35683 Dillenburg
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Registered
on: 30.12.1993
Reg.
data: 35578 Wetzlar, HRB 3325
President of the Supervisory Board:
LaserPoint Aktiengesellschaft
Aspastr. 24
D
59394 Nordkirchen
Legal
form: Public limited company
Share
capital: EUR 150,000.00
Registered
on: 09.03.2002
Reg.
data: 48653 Coesfeld, HRB 7506
14.04.1977 -
05.07.1988 Büdiam Diamantwerkzeuge W.
und R.
Büttner GmbH
Schelde-Lahn-Str. 3-10
D
35713 Eschenburg
Private limited company
06.07.1988 - 1994 BÜDIAM Diamantwerkzeuge R. und N.
Büttner GmbH
Schelde-Lahn-Str. 3-10
D
35713 Eschenburg
Private limited company
Sectors
2573 Manufacture of tools
46741 Wholesale of tools
and hardware
47521 Retail sale of metal
and plastic goods n.e.c.
Payment experience: within agreed terms
Negative information:We
have no negative information at hand.
Balance sheet year: 2010/2011
Type of ownership: Tenant
Address Industriestr. 5a
D
35713 Eschenburg
Land register documents
were not available.
VOLKSBANK DILL VB UND
RAIFFBK, ESCHENBURG
Sort. code: 51690000, BIC:
GENODE51DIL
DEUTSCHE BANK, DILLENBURG
Sort. code: 46070090, BIC:
DEUTDEDK460
Turnover: 2010/2011 EUR 3,000,000.00
2011/2012 EUR 4,060,000.00
further business figures:
Equipment: EUR 242,500.00
Ac/ts
receivable:
EUR 796,636.00
Liabilities: EUR 251,231.00
Employees:
28
The aforementioned business
figures may partly be estimated
information based on
average values in the line of business.
Balance sheet ratios 01.04.2010 - 31.03.2011
Equity ratio [%]: 73.14
Liquidity ratio: 10.00
Balance sheet ratios 01.04.2009 - 31.03.2010
Equity ratio [%]: 70.67
Liquidity ratio: 6.45
Return on total capital [%]: 5.95
Balance sheet ratios 01.04.2008 - 31.03.2009
Equity ratio [%]: 67.72
Liquidity ratio: 10.00
Return on total capital [%]: 2.97
Balance sheet ratios 01.04.2007 - 31.03.2008
Equity ratio [%]: 61.00
Liquidity ratio: 4.58
Return on total capital [%]: -4.00
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: 01.04.2010 - 31.03.2011
ASSETS EUR 2,374,852.99
Fixed assets
EUR 1,095,153.00
Intangible assets
EUR 2,321.00
Other / unspecified intangible assetsEUR 2,321.00
Tangible assets
EUR 442,832.00
Other / unspecified tangible assets
EUR 442,832.00
Financial assets
EUR 650,000.00
Other / unspecified financial assets EUR 650,000.00
Current assets
EUR 1,249,984.74
Stocks
EUR 251,739.53
Accounts receivable
EUR 796,636.28
Other debtors and assets
EUR 796,636.28
Liquid means
EUR 201,608.93
Remaining other assets
EUR 29,715.25
Accruals (assets)
EUR 21,695.95
Deferred taxes (assets)
EUR 8,019.30
LIABILITIES EUR 2,374,852.99
Shareholders' equity
EUR 1,698,486.56
Capital
EUR 128,000.00
Subscribed capital (share capital)
EUR 128,000.00
Reserves
EUR 1,570,486.56
Capital reserves
EUR 1,570,486.56
Provisions
EUR 425,118.73
Liabilities EUR 251,230.93
Other liabilities
EUR 251,230.93
Unspecified other liabilities
EUR 251,230.93
Other liabilities
EUR 16.77
Deferrals (liabilities)
EUR 16.77
Type
of balance
sheet: Company balance sheet
Financial year: 01.04.2009 - 31.03.2010
ASSETS EUR 2,360,849.78
Fixed assets EUR 1,096,381.50
Intangible assets
EUR 443.00
Other / unspecified intangible assetsEUR 443.00
Tangible assets
EUR 295,938.50
Other / unspecified tangible assets
EUR 295,938.50
Financial assets
EUR 800,000.00
Other / unspecified financial assets EUR 800,000.00
Current assets
EUR 1,241,975.37
Stocks
EUR 217,384.31
Accounts receivable
EUR 869,895.11
Other debtors and assets
EUR 869,895.11
Liquid means
EUR 154,695.95
Remaining other assets
EUR 22,492.91
Accruals (assets)
EUR 22,492.91
LIABILITIES EUR 2,360,849.78
Shareholders' equity EUR 1,669,104.13
Capital
EUR 128,000.00
Subscribed capital (share capital)
EUR 128,000.00
Reserves
EUR 1,200,000.00
Capital reserves EUR 1,200,000.00
Balance sheet profit/loss (+/-)
EUR 341,104.13
Balance sheet profit / loss
EUR 341,104.13
Provisions
EUR 402,382.97
Liabilities
EUR 289,256.26
Other liabilities
EUR 289,256.26
Unspecified other liabilities
EUR 289,256.26
Other liabilities
EUR 106.42
Deferrals (liabilities)
EUR 106.42
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
|
1 |
Rs.82.45 |
|
Euro |
1 |
Rs.70.70 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.