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Report Date : |
17.05.2013 |
IDENTIFICATION DETAILS
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Name : |
BAUTEX-STOFFE GMBH DIETER WEIS |
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Registered Office : |
Bajuwarenring 2, D 82041 Oberhaching |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.01.1964 |
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Com. Reg. No.: |
HRB 52574 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of Textiles |
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No. of Employees : |
12 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
No Complaints |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
Bautex-Stoffe GmbH Dieter Weis
Company Status: active
Bajuwarenring 2
D 82041 Oberhaching
Telephone:089/435547-0
Telefax: 089/4361120
Homepage: www.bautex-stoffe.de
E-mail:
info@bautex-stoffe.de
DE129297382
143/118/40429
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.01.1964
Shareholders'
agreement: 10.02.1977
Registered on: 18.03.1977
Commercial Register: Local court 80333 München
under: HRB
52574
EUR 26,000.00
Dieter Weis
Hohenwaldstr.43
D 82041 Oberhaching
born: 18.06.1936
Share: EUR 20,800.00
Shareholder:
Manfred Weis
Hohenwaldstr. 47
D 82041 Oberhaching
born: 12.04.1963
Share: EUR 5,200.00
Manager:
Dieter Weis
Hohenwaldstr.43
D 82041 Oberhaching
having sole power of
representation
born: 18.06.1936
Profession: Businessman
Marital status: married
to: Hedwig Weis
born Späth
born
28.11.1938
Proxy:
Hedwig Weis
Hohenwaldstr.43
D 82041 Oberhaching
born: 28.11.1938
née: Späth
Marital status: married
01.01.1964 - 10.02.1977 Dieter Weis
St.-Veit-Str. 32
D 81673 München
Unregistered
commercial enterprise
10.02.1977 - 02.05.2000 Bautex-Stoffe GmbH Dieter Weis
St.-Veit-Str. 32
D 81673 München
Private limited
company
Main industrial sector
46410
Wholesale of textiles
Payment experience: within 30 days
Negative information:We have no negative
information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Bajuwarenring
2
D 82041 Oberhaching
Real Estate of: Dieter
Weis
Type of ownership: proprietor
Share: 100.00 %
Address Hohenwaldstr.
43
D 82041 Oberhaching
Type of real estate: detached single-family
house
Value at selling price: EUR 409,000.00
Real Estate of: Dieter
Weis
Type of ownership: proprietor
Share:
100.00 %
Address Hohenwaldstr.
45
D 82041 Oberhaching
Real Estate of: Dieter
Weis
Type of ownership: proprietor
Share: 100.00 %
Address Hohenwaldstr.
47
D
82041 Oberhaching
Land register documents were not available.
DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN,
MÜNCHEN
Sort. code: 70070024, Account no.: 884906900,
BIC: DEUTDEDBMUC
UNICREDIT BANK - HYPOVEREINSBANK, MÜNCHEN
Sort. code: 70020270, Account no.: 6060630060,
BIC: HYVEDEMMXXX
POSTBANK, NÜRNBERG, MITTELFR
Sort. code: 76010085, Account no.: 47017851,
BIC: PBNKDEFF760
Turnover: 2011 EUR 4,288,990.00
Profit: 2011 EUR 81,116.00
Ac/ts receivable: EUR 386,546.00
Liabilities: EUR 322,517.00
Employees:
12
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 65.71
Liquidity ratio: 10.00
Return on total capital [%]: 6.37
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 59.59
Liquidity ratio: 1.57
Return on total capital [%]: 2.85
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 58.57
Liquidity ratio: 3.49
Return on total capital [%]: 12.06
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 50.00
Liquidity ratio: 1.31
Return on total capital [%]: 2.00
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 1,272,825.28
Fixed assets
EUR 109,327.00
Intangible assets
EUR 2,668.00
Concessions, licences, rights
EUR 2,668.00
Tangible
assets EUR 106,659.00
Plant / machinery
EUR 30,293.00
Other tangible assets / fixtures and
fittings
EUR 76,366.00
Current assets EUR 1,163,381.62
Stocks
EUR 392,620.00
Finished goods / work in progress
EUR 392,620.00
Accounts receivable
EUR 386,546.08
Trade
debtors EUR 322,574.10
Other debtors and assets
EUR 63,971.98
Liquid means
EUR 384,215.54
Remaining other assets
EUR 116.66
Accruals (assets)
EUR 116.66
LIABILITIES EUR 1,272,825.28
Shareholders' equity
EUR 836,399.11
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Balance sheet profit/loss (+/-)
EUR 810,399.11
Profit / loss brought forward
EUR 729,282.85
Annual surplus / annual deficit
EUR 81,116.26
Provisions
EUR 113,909.32
Provisions for taxes
EUR 23,409.32
Other / unspecified provisions
EUR 90,500.00
Liabilities EUR 322,516.85
Other liabilities
EUR 322,516.85
Trade creditors (for IAS incl. bills
of exchange)
EUR 250,065.26
Unspecified other liabilities EUR 72,451.59
thereof liabilities from tax /
financial authorities
EUR 23,072.19
thereof liabilities from social
security
EUR 1,625.50
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 4,288,989.77
Other operating income
EUR 30,781.58
Cost of materials
EUR 2,483,839.58
Raw materials and supplies, purchased
goods
EUR 2,483,839.58
Gross result (+/-)
EUR 1,835,931.77
Staff expenses
EUR 674,625.36
Wages
and salaries EUR 593,706.70
Social security contributions and
expenses for pension plans and
benefits
EUR 80,918.66
Total depreciation
EUR 27,516.31
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 27,516.31
Other operating expenses
EUR 1,025,966.41
Operating result from continuing
operations
EUR 107,823.69
Interest result (+/-)
EUR 2,367.53
Interest and similar income
EUR 3,113.92
Interest and similar expenses
EUR 746.39
Financial result (+/-)
EUR 2,367.53
Result from ordinary operations (+/-)
EUR 110,191.22
Income tax / refund of income tax (+/-)EUR -28,010.78
Other taxes / refund of taxes
EUR -1,064.18
Tax
(+/-)
EUR -29,074.96
Annual surplus / annual deficit
EUR 81,116.26
Type
of balance sheet: Company
balance sheet
Financial year: 01.01.2010
- 31.12.2010
ASSETS EUR 1,265,921.95
Fixed assets
EUR 101,949.00
Intangible assets
EUR 4,543.00
Other
/ unspecified intangible assetsEUR
4,543.00
Tangible assets
EUR 97,406.00
Other / unspecified tangible assets
EUR 97,406.00
Current assets
EUR 1,153,531.72
Stocks
EUR 467,450.00
Accounts receivable
EUR 639,800.55
Other debtors and assets
EUR 639,800.55
Liquid means
EUR 46,281.17
Remaining other assets
EUR 10,441.23
Accruals (assets)
EUR 10,441.23
LIABILITIES EUR 1,265,921.95
Shareholders' equity EUR 755,282.85
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Balance sheet profit/loss (+/-)
EUR 729,282.85
Profit / loss brought forward
EUR 693,296.60
Annual surplus / annual deficit
EUR 35,986.25
Provisions
EUR 56,155.00
Liabilities
EUR 454,484.10
Other liabilities
EUR 454,484.10
Unspecified other liabilities
EUR 454,484.10
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.77 |
|
|
1 |
Rs.83.31 |
|
Euro |
1 |
Rs.70.46 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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 |
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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 |
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-- |
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.