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Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
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Name : |
BRAUN GMBH & CO. KG |
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Registered Office : |
Industriestr. 10, D 55606 Kirn, Post Box 61 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
27.07.1887 |
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Com. Reg. No.: |
HRA 2192 |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
Processing of leather (except manufacture of leather apparel) |
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No. of Employees : |
34 |
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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Payment Behaviour : |
Regular |
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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.
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Source : CIA |
Braun GmbH & Co. KG
Industriestr. 10
D 55606 Kirn
Post Box: 61
Telephone:06752/93330
Telefax: 06752/933333
Homepage: www.braun-bueffel.de
E-mail: info@braun-bueffel.de
DE175275555
active
Business relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date of foundation: 27.07.1887
Registered on: 01.01.1959
Register of
companies: Local court 55543 Bad Kreuznach
under: HRA 2192
Total cap. contribution:
EUR 100,000.00
Karl-Heinrich Braun
Josef-Görres-Str. 64
D 55606 Kirn
born: 10.01.1939
Share: EUR 51,000.00
Limited partner:
Liesel
Braun
Josef-Görres-Str. 64
D
55606 Kirn
born: 15.12.1945
née:
Scheppler
Share: EUR 25,000.00
Limited partner:
Christiane Brunk
Mittelbollenbacher Str. 25
D 55743 Idar-Oberstein
born:
24.01.1964
née:
Braun
Share: EUR 24,000.00
Braun Verwaltungs-GmbH
Industriestr. 10
D 55606 Kirn
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 20.02.2001
Reg. data: 55543 Bad Kreuznach, HRB 4226
Christiane Brunk
Mittelbollenbacher Str. 25
D 55743 Idar-Oberstein
born: 24.01.1964
née: Braun
Share: EUR 24,500.00
Shareholder:
Karl-Heinrich Braun
Josef-Görres-Str. 64
D
55606 Kirn
born:
10.01.1939
Share: EUR 500.00
Christiane Brunk
Mittelbollenbacher Str. 25
D 55743 Idar-Oberstein
having sole power of representation
born: 24.01.1964
née: Braun
Marital status: married
Wolfgang Menten
D 56859 Alf
authorized to jointly represent the company
born: 12.01.1951
01.01.1959 -
30.06.1983 Johann Braun KG Fabrik feiner
Kleinlederwaren
Halmerweg 13
D
55606 Kirn
Limited partnership
30.06.1983 -
21.03.2001 Johann Braun
Industriestr. 10
D
55606 Kirn
Sole proprietorship
Main industrial
sector
15120 Processing of
leather (except manufacture of leather apparel)
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 Industriestr.10
D 55606 Kirn
Real Estate of: Braun
Verwaltungs-GmbH
Type of ownership: Tenant
Address Industriestr.10
D 55606 Kirn
Land register documents
were not available.
SPARKASSE RHEIN-NAHE, KIRN,
NAHE
Sort. code: 56050180, BIC:
MALADE51KRE
Turnover: 2011 EUR 6,500,000.00
2012 EUR 6,500,000.00
further
business figures:
Equipment: EUR 340,000.00
Ac/ts receivable: EUR 1,370,787.00
Liabilities: EUR 4,106,365.00
Employees: 34
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 [%]: -41.92
Liquidity ratio: 0.34
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: -31.72
Liquidity ratio: 0.35
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -3.92
Liquidity ratio: 0.62
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: -8.57
Liquidity ratio: 0.34
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.
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 6,044,179.31
Fixed assets
EUR 1,161,740.04
Intangible assets
EUR 306,288.69
Tangible assets
EUR 814,972.91
Financial assets EUR 40,478.44
Current assets
EUR 3,191,537.85
Stocks
EUR 1,789,118.45
Accounts receivable
EUR 1,370,786.88
Liquid means EUR 31,632.52
Remaining other assets
EUR 1,690,901.42
Accruals (assets)
EUR 24,927.06
Deficit not covered by shareholders'
equity
EUR 1,665,974.36
LIABILITIES EUR 6,044,179.31
Shareholders' equity
EUR 48,000.00
Capital
EUR 48,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 48,000.00
Limited partner's capital, fixed
capital, capital account I
EUR 200,000.00
- not yet paid-up capital (capital
of partially limited partner)
EUR 152,000.00
Provisions
EUR 399,794.36
Liabilities
EUR 4,106,365.19
Other liabilities
EUR 1,490,019.76
Deferrals (liabilities)
EUR 1,490,019.76
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 5,880,538.38
Outstanding capital EUR 164,000.00
Outstanding contributions
EUR 164,000.00
Fixed assets
EUR 1,313,151.95
Intangible assets
EUR 412,899.53
Tangible assets
EUR 824,720.64
Financial assets
EUR 75,531.78
Current assets
EUR 3,334,037.66
Stocks
EUR 1,864,660.06
Accounts
receivable EUR 1,400,858.29
Liquid means
EUR 68,519.31
Remaining other assets
EUR 1,069,348.77
Accruals (assets)
EUR 23,646.26
Deficit not covered by shareholders'
equity
EUR 1,045,702.51
LIABILITIES EUR 5,880,538.38
Provisions
EUR 207,227.58
Liabilities
EUR 4,096,710.20
Other liabilities
EUR 1,576,600.60
Deferrals (liabilities)
EUR 1,576,600.60
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
UK Pound |
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
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.