|
Report Date : |
09.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
BILCARE
GMBH |
|
|
|
|
Registered Office : |
Radebeulstr.
1 D 79219 Staufen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
17.06.2003 |
|
|
|
|
Com. Reg. No.: |
HRB
708433 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Manufacture
of plastic packing goods |
|
|
|
|
No. of Employees : |
2 |
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 : |
No Complaints |
|
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
Bilcare GmbH
Company Status: active
Radebeulstr. 1
D
79219 Staufen
Telephone:07633/8110
Telefax: 07633/811340
Homepage: www.bilcaresolutions.com
E-mail:
info@solutions@bilcare.com
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 17.06.2003
Shareholders'
agreement: 17.06.2003
Registered on: 29.05.2012
Commercial Register: Local court 79098 Freiburg
under: HRB 708433
EUR 25,000.00
Bilcare Ltd.
IND Pune
Legal
form: Other legal form
Share: EUR 25,000.00
Manager:
Mohan
Bhandari
IND Pune
having
sole power of representation
born:
14.11.1959
Nationality: Indian
Proxy:
Dr.
Volker Hülck
D
65779 Kelkheim
authorized to jointly represent the company
born:
19.01.1940
Further functions/participations of Mohan
Bhandari (Manager)
Manager:
Bilcare Germany Management GmbH
Radebeulstr. 1
D
79219 Staufen
Legal
form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 16.08.2010
Reg.
data: 79098 Freiburg, HRB 705686
17.06.2003 -
24.07.2005 Pharmazeutische Verpackungen
Bilcare
Europe GmbH
Neue Heimat 20
D
65779 Kelkheim
Private limited company
25.07.2005 -
29.05.2012 Bilcare GmbH
Industriepark Höchst 840
D
65926 Frankfurt
Private limited company
Main industrial sector
22220 Manufacture of plastic packing goods
Secondary industrial sector
46693 Wholesale of other equipment and accessories
for
machinery and technical
supplies
Payment experience: within
agreed terms
Negative information:We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Radebeulstr. 1
D
79219 Staufen
Land register documents
were not available.
A bank connection is
unknown.
Profit: 2011 EUR -437,711.00
Equipment: EUR 18,000.00
Ac/ts receivable: EUR 552,038.00
Liabilities: EUR 426,847.00
Employees: 2
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 [%]: 33.15
Liquidity
ratio: 1.89
Return on total capital [%]: -68.07
Balance sheet ratios 01.01.2010 -
31.12.2010
Equity ratio [%]: 60.41
Liquidity ratio: 1.39
Return on total capital [%]: -48.30
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 42.00
Liquidity ratio: 1.08
Return on total capital [%]: -39.81
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 28.96
Liquidity
ratio: 1.35
Return on total capital [%]: -9.88
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 741,048.50
Fixed assets
EUR 1,820.00
Tangible assets EUR 1,820.00
Other / unspecified tangible assets
EUR 1,820.00
Current assets
EUR 739,228.50
Accounts receivable
EUR 552,037.77
Other debtors and assets
EUR 552,037.77
Liquid means
EUR 187,190.73
LIABILITIES EUR 741,048.50
Shareholders' equity
EUR 311,201.95
Capital EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 2,687,681.28
Capital reserves
EUR 2,687,681.28
Balance sheet profit/loss (+/-)
EUR -2,401,479.33
Profit / loss brought forward
EUR -1,963,768.33
Annual surplus / annual deficit
EUR -437,711.00
Provisions
EUR 3,000.00
Liabilities
EUR 426,846.55
Other liabilities
EUR 426,846.55
Unspecified other liabilities
EUR 426,846.55
Type
of balance
sheet:
Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 1,481,702.16
Fixed assets
EUR 8,010.00
Tangible assets
EUR 8,010.00
Other / unspecified tangible assets
EUR 8,010.00
Current assets
EUR 1,473,692.16
Stocks
EUR 703,922.00
Accounts receivable EUR 678,902.44
Other debtors and assets
EUR 678,902.44
Liquid means
EUR 90,867.72
LIABILITIES EUR 1,481,702.16
Shareholders' equity
EUR 748,912.95
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 2,687,681.28
Capital reserves
EUR 2,687,681.28
Balance sheet profit/loss (+/-)
EUR -1,963,768.33
Profit / loss brought forward
EUR -1,248,032.55
Annual surplus / annual deficit
EUR -715,735.78
Provisions
EUR 6,300.00
Liabilities
EUR 726,489.21
Other liabilities
EUR 726,489.21
Unspecified other liabilities
EUR 726,489.21
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.04 |
|
|
1 |
Rs.90.89 |
|
Euro |
1 |
Rs.78.27 |
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.