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Report Date : |
16.09.2013 |
IDENTIFICATION DETAILS
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Name : |
BERMÜLLER & CO GMBH |
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Registered Office : |
Rotterdamer Str. 7, D 90451 Nürnberg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.01.1960 |
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Com. Reg. No.: |
HRB 8198 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Wholesaler of bicycles, bicycle parts and accessories, sports and camping articles (except camping furniture) · Wholesaler of construction materials of mineral substances |
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No. of Employees : |
45 |
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 |
Bermüller & Co GmbH
Rotterdamer Str. 7
D 90451 Nürnberg
Telephone: 0911/64200-0
Telefax: 0911/64200-90
Homepage: www.beco-bermueller.de
E-mail: valerie.herkommer@beco-bermueller.de
DE133506805
241/115/10454
active
LEGAL FORM Private limited company
Date of foundation: 01.01.1960
Shareholders'
agreement: 05.11.1987
Registered on: 08.01.1988
Commercial Register: Local court 90402 Nürnberg
under: HRB 8198
Share capital: EUR 110,000.00
Rudolf Bermüller
Bärenbühlgraben 41
D 90475 Nürnberg
born: 25.02.1948
Share: EUR 99,000.00
Shareholder:
Stefan Bermüller
Habichtweg 6
D 90530 Wendelstein
born: 05.06.1977
Share: EUR 11,000.00
Rudolf Bermüller
Bärenbühlgraben 41
D 90475 Nürnberg
having sole power of representation
born: 25.02.1948
Profession: Businessman
Marital status: widowed
Manager:
Stefan Bermüller
Habichtweg 6
D 90530 Wendelstein
having sole power of representation
born: 05.06.1977
Profession: Head of department
Marital status: unknown
Further functions/participations of Rudolf
Bermüller (Manager)
General partner:
Rudolf Bermüller, Stefan Bermüller, Verena
Bermüller
Rotterdamer Str. 5-11
D 90451 Nürnberg
Legal form: Partnership under the Civil Code
Manager:
REGUM GmbH
Heinrich-Diehl-Str. 2
D 90552 Röthenbach
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 22.01.2001
Reg. data: 90402 Nürnberg, HRB 17880
Further functions/participations of Stefan
Bermüller (Manager)
General partner:
Rudolf Bermüller, Stefan Bermüller, Verena
Bermüller
Rotterdamer Str. 5-11
D 90451 Nürnberg
Legal form: Partnership under the Civil Code
Proxy:
REGUM GmbH
Heinrich-Diehl-Str. 2
D 90552 Röthenbach
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 22.01.2001
Reg. data: 90402 Nürnberg, HRB 17880
01.01.1960 - 04.11.1987 Bermüller & Co. Baustoffe KG
Rotterdamer Str. 7
D 90451 Nürnberg
Limited partnership
Main industrial
sector
46492 Wholesale of bicycles, bicycle parts and accessories, sports and camping articles (except camping
furniture)
46734 Wholesale of construction materials of mineral substances
Shareholder:
REGUM GmbH
Heinrich-Diehl-Str. 2
D 90552 Röthenbach
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 22.01.2001
Local court 90402 Nürnberg
HRB 17880
Payment experience: cash discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Rotterdamer Str. 7
D 90451 Nürnberg
Real Estate of: Rudolf Bermüller
Type of ownership: proprietor
Share: 100.00 %
Address Bärenbühlgraben 41
D 90475 Nürnberg
Real Estate of: Rudolf Bermüller
Type of ownership: proprietor
Share: 100.00 %
Address Schanzenstr. 16
D 90478 Nürnberg
Type of real estate: multiple dwelling home
Land register documents were not available.
Principal bank
SPARKASSE NÜRNBERG, NÜRNBERG, MITTELFR
Sort. code: 76050101, BIC: SSKNDE77XXX
Further banks
COMMERZBANK, NÜRNBERG, MITTELFR
Sort. code: 76040061, BIC: COBADEFF760
COMMERZBANK VORMALS DRESDNER BANK, NÜRNBERG, MITTELFR
Sort. code: 76080040, BIC: DRESDEFF760
UNICREDIT BANK - HYPOVEREINSBANK, NÜRNBERG, MITTELFR
Sort. code: 76020070, BIC: HYVEDEMM460
Turnover: 2011 EUR 16,768,485.00
2012 EUR 16,400,000.00
Expected
turnover: EUR 17,000,000.00
Profit: 2011 EUR 40,966.00
2012 EUR 150,000.00
further business
figures:
Ac/ts
receivable:
EUR 1,535,639.00
Liabilities: EUR 1,361,998.00
Total numbers of
vehicles:
13
- Passenger
cars:
13
Employees:
45
- thereof permanent
staff:
26
- Part-time
employees: 6
- Trainees:
8
- Temporary
workers: 2
BALANCE SHEETS
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio
[%]: 44.53
Liquidity
ratio: 1.22
Return on total
capital [%]: 1.39
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio
[%]: 55.45
Liquidity
ratio: 1.47
Return on total
capital [%]: 0.80
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio
[%]: 56.93
Liquidity
ratio: 2.87
Return on total
capital [%]: 9.32
Balance sheet ratios
01.01.2008 - 31.12.2008
Equity ratio
[%]: 49.00
Liquidity
ratio: 1.39
Return on total
capital [%]: 8.43
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 3,040,318.65
Fixed assets EUR 192,286.50
Intangible assets EUR 25,138.00
Other / unspecified intangible
assetsEUR 25,138.00
Tangible assets EUR 103,672.00
Other / unspecified tangible assets EUR
103,672.00
Financial assets EUR 63,476.50
Other / unspecified financial assets
EUR 63,476.50
Current assets EUR 2,809,932.87
Stocks EUR 1,099,226.98
Accounts receivable EUR 1,535,638.52
Other debtors and assets EUR 1,535,638.52
Liquid means EUR 175,067.37
Remaining other assets EUR 38,099.28
Accruals (assets) EUR 38,099.28
LIABILITIES EUR 3,040,318.65
Shareholders' equity EUR 1,406,412.10
Capital EUR 110,000.00
Subscribed capital (share capital) EUR 110,000.00
Balance sheet profit/loss (+/-) EUR 1,251,412.10
Balance sheet profit / loss EUR 1,251,412.10
Other shareholders' equity (+/-) EUR 45,000.00
Other / unspecified part of the
shareholders' equity EUR 45,000.00
Provisions EUR 271,909.00
Liabilities EUR 1,361,997.55
Other liabilities EUR 1,361,997.55
Unspecified other liabilities EUR 1,361,997.55
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 2,466,738.49
Fixed assets EUR 202,361.50
Intangible assets EUR 28,250.00
Other / unspecified intangible
assetsEUR 28,250.00
Tangible assets EUR 110,635.00
Other / unspecified tangible assets EUR
110,635.00
Financial assets EUR 63,476.50
Other / unspecified financial assets
EUR 63,476.50
Current assets EUR 2,225,604.95
Stocks EUR 936,182.31
Accounts receivable EUR 1,241,214.57
Other debtors and assets EUR 1,241,214.57
Liquid means EUR 48,208.07
Remaining other assets EUR 38,772.04
Accruals (assets) EUR 38,772.04
LIABILITIES EUR 2,466,738.49
Shareholders' equity EUR 1,357,704.14
Capital EUR 102,258.38
Subscribed capital (share capital) EUR 102,258.38
Balance sheet profit/loss (+/-) EUR 1,210,445.76
Balance sheet profit / loss EUR 1,210,445.76
Other shareholders' equity (+/-) EUR 45,000.00
Other / unspecified part of the
shareholders' equity EUR 45,000.00
Provisions EUR 207,989.81
Liabilities EUR 901,044.54
Other liabilities EUR 901,044.54
Unspecified other
liabilities EUR 901,044.54
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.79 |
|
UK Pound |
1 |
Rs.100.70 |
|
Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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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.