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Report Date : |
25.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
F.W. BRÜGELMANN SÖHNE GMBH & CO. KG |
|
|
|
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Registered Office : |
Brügelmannstr. 16-18, D 50679 Köln |
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|
|
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Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2011 |
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|
|
|
Year of Establishments: |
1820 |
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|
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Com. Reg. No.: |
HRA 721 |
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Legal Form : |
Ltd partnership
with priv. ltd. company as general partner |
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Line of Business : |
Retail sale of
clothing |
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No. of Employees : |
30 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
No Complaints |
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|
|
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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 |
|
High |
B2 |
|
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 |
F.W. Brügelmann
Söhne GmbH & Co. KG
Brügelmannstr. 16-18
D 50679 Köln
Telephone:0221/8271-330
Telefax: 0221/8271-234
Homepage: www.bos-textilien.de
E-mail: info@bos-textilien.de
DE122645960
214/5765/0888
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of
foundation: 1820
Registered on: 17.04.1962
Register of
companies: Local
court 50939 Köln
under: HRA
721
Total cap.
contribution: EUR 818,067.00
Helmut Brügelmann
Ringelnatzstr. 2
D 50996 Köln
born: 27.10.1952
Share: EUR 409,033.50
Limited partner:
Jan sen. Brügelmann
Am Neuen Forst 26
D 50996 Köln
born: 12.07.1921
Share: EUR 357,904.32
Limited partner:
Thomas Martin Brügelmann
CH - -
Share: EUR 25,564.59
Limited partner:
Dr. Jan Brügelmann jr.
Parkstr. 27-31
D 50968 Köln
born: 14.01.1954
Share: EUR 25,564.59
Brügelmann Verwaltung GmbH
Brügelmannstr. 16-18
D 50679 Köln
Legal form: Private limited company
Share capital: EUR 25,564.59
Registered on: 30.07.1993
Reg. data: 50939 Köln, HRB 24045
Helmut Brügelmann
Ringelnatzstr. 2
D 50996 Köln
born: 27.10.1952
Share: EUR 12,782.30
Shareholder:
Jan sen. Brügelmann
Am Neuen Forst 26
D 50996 Köln
born: 12.07.1921
Share: EUR 11,248.42
Shareholder:
Thomas Martin Brügelmann
CH - -
Share: EUR 766.94
Shareholder:
Dr. Jan Brügelmann jr.
Parkstr. 27-31
D 50968 Köln
born: 14.01.1954
Share: EUR 766.94
Helmut Brügelmann
Ringelnatzstr. 2
D 50996 Köln
authorized to jointly represent the company
born: 27.10.1952
Profession: Businessman
Marital status: married
Manager:
Dr. Jan Brügelmann jr.
Parkstr. 27-31
D 50968 Köln
born: 14.01.1954
Profession: Journalist
Marital status: unknown
Thomas Martin Brügelmann
CH - -
having sole power of representation
Proxy:
Gerd Broich
D 50189 Elsdorf
having sole power of
representation
Profession: Fully qualified
management
expert
Marital status: married
Proxy:
Norbert Kindermann
D 50679 Köln
authorized to jointly
represent the company
Proxy:
Thomas Martin Guttenberger
D 40721 Hilden
authorized to jointly
represent the company
born: 04.05.1965
1862 - 1986 F. W. Brügelmann Söhne oHG
D 50679 Köln
General Partnership
1986 -
14.03.1994 F. W. Brügelmann Söhne
D 50679 Köln
Limited partnership
14.03.1994 -
10.1996 F. W. Brügelmann Söhne GmbH
& Co. KG
Wermelskircher Str.
16-18
D 50679 Köln
Ltd partnership with
priv. ltd. company
as general partner
10.1996 -
15.10.2007 F.W. Brügelmann Söhne GmbH
& Co. KG
(Straße umbenannt
-> )
Brügelmannstr. 16-18
D 50679 Köln
Ltd partnership with
priv. ltd. company
as general partner
Secondary industrial sector
47710 Retail sale of clothing
68201 Renting of own or leased residential estate,
buildings and apartments
Shareholder:
EUROTEX - Kooperation
Europäischer
Textil-Vertriebs-Unternehmen GmbH
Offheimer Weg 45
D 65549 Limburg
Legal form: Private
limited company
Company Status: in
liquidation
since: 17.07.2012
Share capital: EUR 25,564.61
Share: EUR 3,885.82
Reg. data: 18.09.1990
Local court
65549 Limburg
HRB 893
Payment
experience: cash discount/within
agreed terms
Negative
information We have no negative
information at hand.
Balance sheet
year: 2011
Type of
ownership: Proprietor
Share: 100.00 %
Address Brügelmannstr.
16-18
D 50679 Köln
Type of real
estate: Commercial building
Size: 40,000.00 sq.m
Value at selling
price: EUR 30,000,000.00
Land register
documents were not available.
Principal bank
KREISSPARKASSE
KÖLN, KÖLN
Sort. code:
37050299, BIC: COKSDE33XXX
Further banks
SPARKASSE KÖLNBONN,
KÖLN
Sort. code:
37050198, BIC: COLSDE33XXX
DEUTSCHE BANK, KÖLN
Sort. code:
37070060, BIC: DEUTDEDKXXX
Turnover: 2011 EUR 6,300,000.00
Profit: 2011 EUR 495,340.00
Ac/ts
receivable:
EUR 5,500,488.00
Liabilities: EUR 6,948,116.00
Employees:
30
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
[%]: 29.78
Liquidity
ratio: 0.80
Return on total
capital [%]: 4.39
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio
[%]: 29.34
Liquidity ratio: 0.81
Return on total
capital [%]: 4.95
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio
[%]: 27.91
Liquidity
ratio: 0.80
Return on total
capital [%]: 5.68
Balance sheet ratios
01.01.2008 - 31.12.2008
Equity ratio
[%]: 25.52
Liquidity
ratio: 0.75
Return on total
capital [%]: 5.17
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 11,302,774.21
Fixed assets EUR 4,726,589.86
Intangible assets EUR 14,948.00
Other / unspecified intangible
assetsEUR 14,948.00
Tangible assets EUR 4,711,641.86
Other / unspecified tangible assets EUR
4,711,641.86
Current assets EUR 6,576,184.35
Stocks EUR 994,382.00
Accounts receivable EUR 5,500,488.30
Other debtors and assets EUR 5,500,488.30
Liquid means EUR 81,314.05
LIABILITIES EUR 11,302,774.21
Shareholders' equity EUR 3,370,809.19
Capital EUR 2,875,469.23
Limited partner's capital / capital
of partially liable partner (LP) EUR 2,875,469.23
Balance sheet profit/loss (+/-) EUR 495,339.96
Annual surplus / annual deficit EUR
495,339.96
Provisions EUR 895,035.00
Liabilities EUR 6,948,116.04
Other liabilities EUR 6,948,116.04
Unspecified other liabilities EUR 6,948,116.04
Other liabilities EUR 88,813.98
Deferrals (liabilities) EUR 88,813.98
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 11,963,169.29
Fixed assets EUR 4,871,484.76
Intangible assets EUR 1.00
Other / unspecified intangible assetsEUR 1.00
Tangible assets EUR 4,871,483.76
Other / unspecified tangible assets EUR
4,871,483.76
Current assets EUR 7,080,717.01
Stocks EUR 1,097,599.00
Accounts receivable EUR 5,921,444.55
Other debtors and assets EUR 5,921,444.55
Liquid means EUR 61,673.46
Remaining other assets EUR 10,967.52
Accruals (assets) EUR 10,967.52
LIABILITIES EUR 11,963,169.29
Shareholders' equity EUR 3,510,247.88
Capital
EUR 2,917,488.79
Limited partner's capital / capital
of partially liable partner (LP) EUR 2,917,488.79
Balance sheet profit/loss (+/-) EUR 592,759.09
Annual surplus / annual deficit EUR 592,759.09
Provisions EUR 974,644.00
Liabilities EUR 7,348,630.29
Other liabilities EUR 7,348,630.29
Unspecified other liabilities EUR 7,348,630.29
Other liabilities EUR 129,647.12
Deferrals (liabilities) EUR 129,647.12
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.43 |
|
UK Pound |
1 |
Rs.83.20 |
|
Euro |
1 |
Rs.71.91 |
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 |
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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.