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Report Date : |
20.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
KARL BERRANG GMBH |
|
|
|
|
Registered Office : |
Helmertstr. 1, D 68219 Mannheim |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2011 |
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|
|
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Date of Incorporation : |
01.04.1948 |
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|
|
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Com. Reg. No.: |
HRB 2927 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Wholesaler of tools and hardware |
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|
|
|
No. of Employees : |
392 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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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 |
|
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 |
Karl Berrang GmbH
Helmertstr. 1
D 68219 Mannheim
Telephone:0621/87860
Telefax:
0621/8786444
Homepage: www.berrang.de
E-mail:
mannheim@berrang.de
DE143847995
38184/60604
active
Business relations are permissible. The
company is considered solvent for credits within its scope of business.
LEGAL FORM Private
limited company
Date of foundation: 01.04.1948
Shareholders'
agreement: 01.07.1980
Registered on: 01.07.1980
Commercial Register: Local court 68159 Mannheim
under: HRB 2927
Share capital: EUR 3,000,000.00
Bernhard Berrang
Schliffkopfstr. 35
D 68163 Mannheim
born: 20.01.1947 in Mannheim
Share: EUR 1,575,000.00
Shareholder:
Erbengemeinschaft
Bernadette Hofmann
D 68163 Mannheim
Legal form: Community of
heirs
Share: EUR 1,425,000.00
Bernhard Berrang
Schliffkopfstr. 35
D 68163 Mannheim
born: 20.01.1947 in Mannheim
Profession: Engineer
Marital status: married
Manager:
Peter Hofmann
Hornisgrindestr. 7
D 68163 Mannheim
having sole power of
representation
born: 08.04.1950
Profession: Solicitor
Marital status: unknown
Further functions/participations
of Bernhard Berrang (Manager)
General partner:
Bernadette Hofmann,
Beinhard Berrang
Helmertstr. 1
D 68219 Mannheim
Legal form: Partnership
under the Civil Code
Limited partner:
Bernhard Berrang -
Bernadette Hofmann GmbH &
Co. KG
Helmertstr. 1
D 68219 Mannheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 850,000.00
contribution:
Share: EUR 446,250.00
Registered
on: 09.12.2008
Reg. data: 68159 Mannheim, HRA 702089
Limited partner:
Berrang Holding GmbH
& Co. KG
Helmertstr. 1
D 68219 Mannheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,000.00
contribution:
Share: EUR 525.00
Registered
on: 09.12.2008
Reg. data: 68159 Mannheim, HRA 702088
Shareholder:
Facon GmbH Werksvertretungen
für
Maschinenelemente und
Einbauteile
Helmertstr. 1
D 68219 Mannheim
Legal form: Private
limited company
Share capital: EUR 260,000.00
Share: EUR 130,000.00
Registered
on: 01.08.1980
Reg. data: 68159 Mannheim, HRB 2926
Shareholder:
Berrang Holding
Verwaltungsgesellschaft mbH
Helmertstr. 1
D 68219 Mannheim
Legal form: Private
limited company
Share capital: EUR 25,001.00
Share: EUR 1,376.00
Registered
on: 09.12.2008
Reg. data: 68159 Mannheim, HRB 705594
Manager:
Facon GmbH
Werksvertretungen für
Maschinenelemente und
Einbauteile
Helmertstr. 1
D 68219 Mannheim
Legal form: Private
limited company
Share capital: EUR 260,000.00
Registered
on: 01.08.1980
Reg. data: 68159 Mannheim, HRB 2926
Manager:
Berrang und Hofmann
Verwaltungsgesellschaft
mbH
Helmertstr. 1
D 68219 Mannheim
Legal form: Private
limited company
Share capital: EUR 25,001.00
Registered
on: 09.12.2008
Reg. data: 68159 Mannheim, HRB 705598
Manager:
Berrang Holding
Verwaltungsgesellschaft mbH
Helmertstr. 1
D 68219 Mannheim
Legal form: Private
limited company
Share capital: EUR 25,001.00
Registered
on: 09.12.2008
Reg. data: 68159 Mannheim, HRB 705594
Vice-president of the Board of Directors:
Fachverband des
Schrauben-Großhandels e.V.
(FDS)
Am Weidendamm 1a
D 10117 Berlin
Legal form: Registered
association
Registered
on: 13.07.2006
Reg. data: 14057 Berlin, VR 23755
Further functions/participations of Peter Hofmann
(Manager)
Manager:
Facon GmbH
Werksvertretungen für
Maschinenelemente und
Einbauteile
Helmertstr. 1
D 68219 Mannheim
Legal form: Private
limited company
Share capital: EUR 260,000.00
Registered
on: 01.08.1980
Reg. data: 68159 Mannheim, HRB 2926
Main
industrial sector
46741
Wholesale of tools and hardware
6420
Activities of holding companies
7010
Activities of head offices
Branch:
Karl Berrang GmbH
Robert-Bosch-Str. 10
D 74321
Bietigheim-Bissingen
TEL.: 07142/5000
FAX.: 07142/500-121
Branch:
Karl Berrang GmbH
Hermann-Oberth-Str. 20
D 85640 Putzbrunn
TEL.: 089/460002-0
FAX.: 089/460002-30
Branch:
Karl Berrang GmbH
Hans-Bornkessel-Str. 48
D 90763 Fürth
TEL.: 0911/97015-0
FAX.: 0911/97015-50
Branch:
Karl Berrang GmbH
Riegeler Str. 5
D 79364 Malterdingen
TEL.: 07644/9166-0
Branch:
Karl Berrang GmbH
Robert-Blum-Str. 21
D 09116 Chemnitz
TEL.: 0371/8448228
FAX.: 0371/8448329
Branch:
Karl Berrang GmbH
Mercedesstr. 2
D 30855 Langenhagen
Shareholder:
Dürkes & Obermayer
GmbH
Treidlerstr. 7
D 68535
Edingen-Neckarhausen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 204,516.75
Share: EUR 204,516.75
Reg. data: 26.03.1926
Local court
68159 Mannheim
HRB 330409
Payment experience: takes advantage of cash discount
Negative information :We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Helmertstr. 1
D 68219 Mannheim
Real Estate of: Bernhard Berrang
Type of ownership: proprietor
Share: 100.00 %
Address Schliffkopfstr. 35
D 68163 Mannheim
Land register documents were not available.
Principal
bank
COMMERZBANK VORMALS DRESDNER BANK,
MANNHEIM
Sort. code: 67080050, BIC: DRESDEFF670
Further
banks
COMMERZBANK, MANNHEIM
Sort. code: 67040031, BIC: COBADEFF670
DEUTSCHE BANK, MANNHEIM
Sort. code: 67070010, BIC: DEUTDESMXXX
Turnover: 2011 EUR 123,874,217.00
2012 EUR 124,000,000.00
Profit: 2011 EUR 3,102,427.00
further business figures:
Equipment: EUR 2,220,000.00
Ac/ts receivable: EUR 15,385,184.00
Liabilities: EUR 4,567,341.00
Employees: 392
-
Trainees:
22
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 58.43
Liquidity ratio: 10.00
Return on total capital [%]: 5.53
Balance sheet grade: 1.6
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 55.94
Liquidity ratio: 10.00
Return on total capital [%]: 7.06
Balance sheet grade: 1.6
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 63.32
Liquidity ratio: 10.00
Return on total capital [%]: 4.88
Balance sheet grade: 1.6
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 60.13
Liquidity ratio: 6.68
Return on total capital [%]: 3.32
Balance sheet grade: 1.7
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
56,193,446.04
Fixed assets
EUR 4,901,166.06
Intangible assets
EUR 171,115.00
Other / unspecified intangible assetsEUR 171,115.00
Tangible assets EUR 2,496,527.98
Other / unspecified tangible assets
EUR 2,496,527.98
Financial assets
EUR 2,233,523.08
Other / unspecified financial assets EUR 2,233,523.08
Current assets
EUR 51,262,979.68
Stocks
EUR 30,002,227.55
Accounts receivable
EUR 15,385,184.32
Other debtors and assets
EUR 15,385,184.32
Liquid means
EUR 5,875,567.81
Remaining other assets
EUR 29,300.30
Accruals (assets)
EUR 29,300.30
LIABILITIES EUR 56,193,446.04
Shareholders' equity
EUR 32,866,645.35
Capital
EUR 3,000,000.00
Subscribed capital (share capital)
EUR 3,000,000.00
Balance sheet profit/loss (+/-)
EUR 29,866,645.35
Profit / loss brought forward
EUR 26,764,218.41
Annual surplus / annual deficit
EUR 3,102,426.94
Provisions
EUR 18,759,460.14
Liabilities EUR 4,567,340.55
Other liabilities
EUR 4,567,340.55
Unspecified other liabilities
EUR 4,567,340.55
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 123,874,216.65
Other operating income
EUR 3,599,321.26
Cost of materials
EUR 91,595,064.94
Raw materials and supplies, purchased
goods EUR 88,362,273.91
Purchased services
EUR 3,232,791.03
Gross result (+/-)
EUR 35,878,472.97
Staff expenses
EUR 20,367,487.25
Wages
and salaries EUR 17,299,362.56
Social security contributions and
expenses for pension plans and
benefits
EUR 3,068,124.69
Total depreciation
EUR 796,388.75
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 796,388.75
Other operating expenses
EUR 9,827,716.26
Operating result from continuing
operations
EUR 4,886,880.71
Interest result (+/-)
EUR -538,927.98
Interest and similar income
EUR 186,303.22
Interest and similar expenses
EUR 725,231.20
Financial result (+/-)
EUR -538,927.98
Result from ordinary operations (+/-)
EUR 4,347,952.73
Income tax / refund of income tax (+/-)EUR -1,218,881.22
Other taxes / refund of taxes
EUR -26,644.57
Tax
(+/-)
EUR -1,245,525.79
Annual surplus / annual deficit
EUR 3,102,426.94
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 53,137,308.50
Fixed assets
EUR 4,622,075.14
Intangible assets
EUR 188,054.00
Other
/ unspecified intangible assetsEUR
188,054.00
Tangible assets
EUR 2,227,857.92
Other / unspecified tangible assets
EUR 2,227,857.92
Financial assets
EUR 2,206,163.22
Other / unspecified financial assets EUR 2,206,163.22
Current assets
EUR 48,468,145.86
Stocks
EUR 23,003,796.81
Accounts receivable
EUR 15,071,533.63
Other debtors and assets
EUR 15,071,533.63
Liquid means
EUR 10,392,815.42
Remaining other assets
EUR 47,087.50
Accruals (assets) EUR 47,087.50
LIABILITIES EUR 53,137,308.50
Shareholders' equity
EUR 29,764,218.41
Capital
EUR 3,000,000.00
Subscribed capital (share capital)
EUR 3,000,000.00
Balance sheet profit/loss (+/-)
EUR 26,764,218.41
Profit / loss brought forward
EUR 25,295,994.86
Annual surplus / annual deficit
EUR 1,468,223.55
Provisions
EUR 17,585,715.02
Liabilities
EUR 5,787,375.07
Other liabilities
EUR 5,787,375.07
Unspecified other liabilities
EUR 5,787,375.07
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 104,460,050.84
Other operating income
EUR 3,452,866.11
Cost of materials
EUR 73,475,553.92
Raw materials and supplies, purchased
goods
EUR 71,502,705.28
Purchased services
EUR 1,972,848.64
Gross result (+/-)
EUR 34,437,363.03
Staff expenses
EUR 18,523,155.94
Wages and salaries
EUR 15,765,059.32
Social security contributions and
expenses for pension plans and
benefits
EUR 2,758,096.62
Total depreciation
EUR 840,360.97
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 840,360.97
Other operating expenses
EUR 9,146,965.38
Operating result from continuing
operations
EUR 5,926,880.74
Interest result (+/-)
EUR -437,036.58
Interest and similar income EUR 297,685.88
thereof from related companies
EUR 45,877.43
Interest and similar expenses
EUR 734,722.46
thereof paid to related companies
EUR 0.00
Financial result (+/-)
EUR -437,036.58
Result from ordinary operations (+/-)
EUR 5,489,844.16
Extraordinary expenses
EUR 2,275,142.00
Extraordinary result (+/-)
EUR -2,275,142.00
Income tax / refund of income tax (+/-)EUR -1,720,356.84
Other taxes / refund of taxes
EUR -26,121.77
Tax
(+/-)
EUR -1,746,478.61
Annual surplus / annual deficit
EUR 1,468,223.55
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.26 |
|
UK Pound |
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.70.21 |
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.