|
Report Date : |
17.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
3 B
BASSE BAU- UND BÜHNENSYSTEME GMBH |
|
|
|
|
Registered Office : |
An der
Bahn 11 D 04319 Leipzig |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Incorporation : |
1992 |
|
|
|
|
Com. Reg. No.: |
HRB
19878 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Agents
involved in the sale of iron, metal and plastic goods |
|
|
|
|
No. of Employees : |
5 |
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 : |
Slow |
|
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
3 B Basse Bau- und Bühnensysteme GmbH
Company Status: active
An der
Bahn 11
D
04319 Leipzig
Telephone:0341/2513805
Telefax: 0341/2510639
Homepage: www.3b-systeme.de
E-mail: info@3b-systeme.de
DE231581474
232/107/04876
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 1992
Shareholders'
agreement: 10.04.1992
Registered on: 10.07.2003
Commercial Register: Local court 04275 Leipzig
under: HRB
19878
EUR 26,000.00
Wulf
Dietrich Basse
An der
Bahn 11
D
04319 Leipzig
born:
11.08.1972 in Hagen
Share: EUR 26,000.00
Manager:
Wulf Dietrich Basse
An der
Bahn 11
D
04319 Leipzig
having
sole power of representation
born:
11.08.1972 in Hagen
Profession: Businessman
Further functions/participations of Wulf
Dietrich Basse (Manager)
Shareholder:
Art
Gerüst- und Rollgerüsttechnik GmbH
Münzgasse 28
D
04107 Leipzig
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 5,000.00
Registered
on: 11.08.2011
Reg. data: 04275 Leipzig, HRB 27407
10.04.1992 -
12.02.2002 Neuheuser
Verwaltungsgesellschaft mbH
Freiligrathstr. 2
D
45219 Essen
Private limited company
12.02.2002 -
06.03.2003 3 B Basse Bau- und
Bühnensysteme Wulf
Basse
An
der Bahn 11
D
04319 Leipzig
Unregistered commercial enterprise
Main
industrial sector
46154 Agents involved in the sale of iron, metal
and plastic goods n.e.c.
Works:
3 B
Basse Bau- und Bühnensysteme GmbH
Bernauer Str. 63-67
D 13355 Berlin
Payment experience: within
periods customary in this trade
Negative information:We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address An der Bahn 11
D
04319 Leipzig
Type of ownership: Tenant
Address Bernauer Str. 63-67
D
13355 Berlin
Land register documents
were not available.
Principal bank
STADT- UND KREISSPARKASSE
LEIPZIG, LEIPZIG
Sort. code: 86055592,
Account no.: 1100550050, BIC: WELADE8LXXX
Further bank
POSTBANK, LEIPZIG
Sort. code: 86010090,
Account no.: 601542902, BIC: PBNKDEFF860
Turnover: 2011 EUR 1,100,000.00
2012 EUR 1,000,000.00
further business figures:
Ac/ts receivable: EUR 540,695.00
Liabilities: EUR 843,457.00
Employees:
5
The
aforementioned business figures may partly be estimated
information based on average values in the
line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -11.26
Liquidity ratio: 0.66
Return on total capital [%]: 0.16
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: -17.07
Liquidity ratio: 0.53
Return on total capital [%]: 0.53
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -3.14
Liquidity ratio: 0.54
Return on total capital [%]: -1.10
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: -22.91
Liquidity ratio: 0.19
Return on total capital [%]: -22.21
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: 01.01.2011 - 31.12.2011
ASSETS EUR 843,988.47
Fixed assets
EUR 80,910.00
Intangible assets
EUR 6,099.00
Other / unspecified intangible assetsEUR 6,099.00
Tangible assets
EUR 74,811.00
Other / unspecified tangible assets
EUR 74,811.00
Current assets
EUR 679,591.08
Stocks
EUR 116,191.62
Accounts receivable
EUR 540,695.11
Other debtors and assets EUR 540,695.11
Liquid means
EUR 22,704.35
Remaining other assets
EUR 83,487.39
Accruals (assets)
EUR 1,109.34
Deficit not covered by shareholders'
equity
EUR 82,378.05
LIABILITIES EUR 843,988.47
Shareholders' equity
EUR 0.00
Capital EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Balance sheet profit/loss (+/-)
EUR -108,378.05
Profit / loss brought forward
EUR -109,605.67
Annual surplus / annual deficit
EUR 1,227.62
Other shareholders' equity (+/-)
EUR 82,378.05
Deficit not covered by shareholders'
equity
EUR 82,378.05
Provisions EUR 531.00
Liabilities
EUR 843,457.47
Other liabilities
EUR 843,457.47
Unspecified other liabilities
EUR 843,457.47
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 787,003.96
Fixed assets
EUR 110,496.00
Intangible assets EUR 6,919.00
Concessions, licences, rights
EUR 209.00
Goodwill
EUR 6,710.00
Tangible assets
EUR 103,577.00
Other tangible assets / fixtures and
fittings
EUR 103,577.00
Current assets
EUR 591,340.29
Stocks
EUR 150,457.01
Finished goods / work in progress
EUR 150,457.01
Accounts receivable
EUR 441,559.70
thereof total due from shareholders
EUR 24,431.40
Trade debtors
EUR 319,732.60
Other debtors and assets
EUR 121,827.10
Liquid means
EUR -676.42
Remaining other assets
EUR 85,167.67
Accruals (assets)
EUR 1,562.00
Deficit not covered by shareholders'
equity
EUR 83,605.67
LIABILITIES EUR 787,003.96
Shareholders' equity
EUR 0.00
Capital EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Balance sheet profit/loss (+/-)
EUR -109,605.67
Profit / loss brought forward
EUR -113,158.80
Annual surplus / annual deficit
EUR 3,553.13
Other shareholders' equity (+/-)
EUR 83,605.67
Deficit not covered by shareholders'
equity
EUR 83,605.67
Provisions EUR 531.00
Provisions for taxes
EUR 531.00
Liabilities
EUR 786,472.96
Financial debts
EUR 264,318.21
Liabilities due to banks
EUR 286,699.46
Other / unspecified financial debts
EUR -22,381.25
Other liabilities
EUR 522,154.75
Trade creditors (for IAS incl. bills
of exchange) EUR 368,860.88
Unspecified other liabilities
EUR 153,293.87
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.82 |
|
|
1 |
Rs.96.57 |
|
Euro |
1 |
Rs.82.45 |
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.