|
Report Date : |
30.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
BRABENDER GMBH & CO. KG |
|
|
|
|
Registered Office : |
Kulturstr. 51-55, D 47055 Duisburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishments: |
1923 |
|
|
|
|
Com. Reg. No.: |
HRA 1667 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
Manufacturer of instruments and appliances for measuring, testing and navigation |
|
|
|
|
No. of Employees : |
174 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 6.5% in 2012. GDP contracted 5.1% in 2009 but grew
by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a
reflection of low investment spending due to crisis-induced uncertainty and the
decreased demand for German exports from recession-stricken periphery
countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's total budget deficit - including federal, state, and municipal - to
4.1% in 2010, but slower spending and higher tax revenues reduced the deficit
to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. 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 though
the target was already reached in 2012. By 2014, the federal government wants
to balance its budget. 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 electricity generating capacity and 46% of its base-load electricity
production.
|
Source : CIA |
Brabender GmbH & Co. KG
Kulturstr. 51-55
D 47055 Duisburg
Telephone:0203/9984-0
Telefax: 0203/99984164
Homepage: www.brabender.de
E-mail: brabender@brabender.com
DE121326754
134/5800/0212
active
LEGAL FORM Ltd partnership with priv. ltd. company as general partner
Date of foundation: 1923
Registered on: 29.12.1936
Register of
companies: Local court 47051 Duisburg
under: HRA 1667
Total cap. contribution: EUR 1,500,000.00
Dr. med. Helmut Holzhauer
Heilstr. 8
D 45359 Essen
born: 05.06.1937
Share: EUR 750,000.00
Limited partner:
Günter Worm
Holunderweg 57
D 45133 Essen
born: 17.05.1941
Share: EUR 750,000.00
C.W. Brabender Gesellschaft mit beschränkter
Haftung
Kulturstr. 51-55
D 47055 Duisburg
Legal form: Private limited company
Share capital: EUR 25,700.00
Registered on: 09.05.1969
Reg. data: 47051 Duisburg, HRB 1044
Holzhauer Holding GmbH
Cecilienallee 17
D 40474 Düsseldorf
Legal form: Private limited company
Share capital: EUR 103,000.00
Share: EUR 25,700.00
Registered on: 23.08.2010
Reg. data: 40227 Düsseldorf, HRB 63986
Peter Kuhnert
D 42799 Leichlingen
authorized to jointly represent the company
born: 29.05.1965
Manager:
Michael Viertel
D 51399 Burscheid
authorized to jointly represent the company
born: 22.05.1963
Johann Heinrich Stanislaus Benecke
D 80333 München
born: 07.06.1960
Profession: Businessman
Markus Löns
D 47506 Neukirchen-Vluyn
authorized to jointly represent the company
born: 27.08.1963
Further functions/participations of Johann
Heinrich Stanislaus
Benecke (General
partner)
General partner:
HOMANIT GmbH & Co. KG
Niederlosheimer Str. 109
D 66679 Losheim
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 10,501,000.00
contribution:
Registered
on: 21.08.2008
Reg. data: 66121 Saarbrücken, HRA 10502
Limited partner:
J.H. Benecke-Vermögensverwaltungs KG
Unertlstr. 17
D 80803 München
Legal form: Limited partnership in
liquidation
Total cap. EUR 685,162.69
contribution:
Share: EUR 225,000.00
Registered
on: 14.10.2010
Reg. data: 80333 München, HRA 96196
Manager:
Benfina GmbH
Lindenallee 67
D 26122 Oldenburg
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 23.03.2004
Reg. data: 26135 Oldenburg, HRB 5503
Liquidator:
J.H. Benecke-Vermögensverwaltungs KG
Unertlstr. 17
D 80803 München
Legal form: Limited partnership in
liquidation
Total cap. EUR 685,162.69
contribution:
Registered
on: 14.10.2010
Reg. data: 80333 München, HRA 96196
29.12.1936 - 30.08.2005 Brabender oHG
Kulturstr. 51-55
D 47055 Duisburg
General Partnership
Sectors
2651 Manufacture of instruments and appliances for measuring, testing and navigation
46149 Agents involved in the sale of electrotechnical and electronical products n.e.c.
6420 Activities of holding companies
Branch:
C. W. Brabender Instruments Inc.
50 East Wesley Street
USA - Jersey
Payment experience: cash discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Kulturstr. 51-55
D 47055 Duisburg
Real Estate of: C.W. Brabender Gesellschaft mit beschränkter
Haftung
Type of ownership: Tenant
Address Kulturstr. 51-55
D 47055 Duisburg
Land register documents were not available.
Principal bank
COMMERZBANK, DUISBURG
Sort. code: 35040038, BIC: COBADEFF350
Further banks
COMMERZBANK VORMALS DRESDNER BANK, DUISBURG
Sort. code: 35080070, BIC: DRESDEFF350
SPARKASSE DUISBURG, DUISBURG
Sort. code: 35050000, BIC: DUISDE33XXX
BUNDESBANK EH DUISBURG, DÜSSELDORF
Sort. code: 35000000, BIC: MARKDEF1350
Equipment: EUR 1,269,352.00
Ac/ts
receivable: EUR 2,626,862.00
Liabilities: EUR 6,674,519.00
Employees:
174
- Trainees:
10
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio
[%]: 29.51
Liquidity
ratio: 0.72
Return on total
capital [%]: 5.95
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio
[%]: 27.74
Liquidity
ratio: 0.60
Return on total
capital [%]: -0.78
Balance sheet ratios
01.01.2008 - 31.12.2008
Equity ratio
[%]: 56.51
Liquidity
ratio: 1.23
Return on total
capital [%]: 1.19
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 12,534,022.95
Fixed assets EUR 2,142,183.98
Intangible assets EUR 9,663.00
Concessions, licences, rights EUR 9,663.00
Tangible assets EUR 2,084,601.31
Land / similar rights EUR 677,814.00
Plant / machinery EUR 137,434.51
Other tangible assets / fixtures and
fittings
EUR 1,269,352.80
Financial assets EUR 47,919.67
Shares in participations /
subsidiaries and the like EUR 47,919.67
Shares in related companies EUR 47,919.67
Current assets EUR 10,378,970.78
Stocks EUR 5,282,375.90
Accounts receivable EUR 2,626,862.53
Other debtors and assets EUR
2,626,862.53
Liquid means EUR 2,469,732.35
Remaining other assets EUR 12,868.19
Accruals (assets) EUR 12,868.19
LIABILITIES EUR 12,534,022.95
Shareholders' equity EUR 3,139,919.99
Capital EUR 2,000,000.00
Reserves EUR 1,139,919.99
Provisions EUR 2,716,328.21
Liabilities EUR 6,674,519.85
Other liabilities EUR 6,674,519.85
Unspecified other liabilities EUR 6,674,519.85
Other liabilities EUR 3,254.90
Deferrals (liabilities) EUR 3,254.90
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 12,940,612.06
Staff expenses EUR 7,330,231.96
Wages and salaries EUR 6,049,341.38
Social security contributions and
expenses for pension plans and
benefits EUR 1,280,890.58
Total depreciation EUR 359,914.58
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 359,914.58
Other operating expenses EUR 4,295,829.56
Operating result from continuing
operations EUR 954,635.96
Interest result (+/-) EUR -106,498.46
Interest and similar income EUR 24,436.98
Interest and similar expenses EUR 130,935.44
Financial result (+/-) EUR -106,498.46
Result from ordinary operations (+/-) EUR
848,137.50
Extraordinary expenses EUR 26,538.22
Extraordinary result (+/-) EUR -26,538.22
Income tax / refund of income tax
(+/-)EUR -81,752.00
Other taxes / refund of taxes EUR -23,073.26
Tax (+/-) EUR -104,825.26
Annual surplus / annual deficit EUR 716,774.02
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 10,514,684.71
Fixed assets EUR 2,099,883.77
Intangible assets EUR 14,912.00
Concessions, licences, rights EUR 14,912.00
Tangible assets EUR 2,037,052.10
Land / similar rights EUR 541,306.00
Plant / machinery EUR 173,372.51
Other tangible assets / fixtures and
fittings EUR 1,161,767.20
Advance payments made / construction
in progress EUR 160,606.39
Financial assets EUR 47,919.67
Shares in participations /
subsidiaries and the like EUR 47,919.67
Shares in related companies EUR 47,919.67
Current assets EUR 8,401,729.08
Stocks EUR 5,122,235.42
Accounts receivable EUR 3,166,120.66
Other debtors and assets EUR 3,166,120.66
Liquid means EUR 113,373.00
Remaining other assets EUR 13,071.86
Accruals (assets) EUR 13,071.86
LIABILITIES EUR 10,514,684.71
Shareholders' equity EUR 2,961,390.77
Capital EUR 1,918,205.33
Reserves EUR 1,043,185.44
Capital reserves EUR 1,043,185.44
Provisions EUR 2,266,536.08
Liabilities EUR 5,285,502.96
Other liabilities EUR 5,285,502.96
Unspecified other liabilities EUR 5,285,502.96
Other liabilities EUR 1,254.90
Deferrals (liabilities) EUR 1,254.90
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 10,963,022.54
Staff expenses EUR 7,437,089.62
Wages and salaries EUR 6,155,119.73
Social security contributions and
expenses for pension plans and
benefits EUR 1,281,969.89
Total depreciation EUR 379,895.55
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 379,895.55
Other operating expenses EUR 3,292,969.41
Operating result from continuing
operations EUR -146,932.04
Result from participating interests
(+/-) EUR 105,789.01
Expenses / income from participations
EUR 105,789.01
Income from related companies EUR 105,789.01
Interest result (+/-) EUR -18,311.09
Interest and similar income EUR 3,372.53
Interest and similar expenses EUR 21,683.62
Financial result (+/-) EUR 87,477.92
Result from ordinary operations (+/-) EUR
-59,454.12
Other taxes / refund of taxes EUR -22,340.55
Tax (+/-) EUR -22,340.55
Annual surplus / annual deficit EUR -81,794.67
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
UK Pound |
1 |
Rs.84.23 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.