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Report Date : |
28.04.2014 |
IDENTIFICATION DETAILS
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Name : |
WILLY BOGNER GMBH & CO. |
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|
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Registered Office : |
St.-Veit-Str. 4, D 81673 München, Post Box: 80 02 80, München |
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|
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Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.10.2013 |
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|
Date of Incorporation : |
1932 |
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Com. Reg. No.: |
HRB 104636 |
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Legal Form : |
Partnership
limited by shares |
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|
|
|
Line of Business : |
·
Manufacture of other wearing apparel and
accessories ·
Agents involved in the sale of textiles,
apparel, footwear and leatherware ·
Wholesale of clothing |
|
|
|
|
No. of Employees : |
525 |
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 |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a
minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
Your inquiry: Willy Bogner GmbH & Co. KGAA
Werk Heimstetten-Tor 1, Am Werbering 5, D 85551 Kirchheim
The subject of your inquiry is a branch. We
are reporting on the headquarters.
WILLY
BOGNER GMBH & CO.
Kommanditgesellschaft
auf Aktien
Company Status: active
St.-Veit-Str. 4
D 81673 München
Post Box:
80 02 80,
München
Telephone:089/43606-0
Telefax:
089/43606-429
Homepage:
www.bogner.com
E-mail: info@bogner.com
VAT no.: DE161237964
Business relations are permissible.
LEGAL FORM Partnership
limited by shares
Date of foundation: 1932
Registered on: 28.12.1993
Commercial Register: Local court 80333 München
under: HRB
104636
Share
capital:
EUR 2,737,800.00
General partner:
Bogner Sport GmbH &
Co. Verwaltungs KG
St.-Veit-Str. 4
D 81673 München
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 5,200,000.00
contribution:
Registered on: 01.07.1958
Reg. data: 80333 München, HRA 48191
General partner:
Bogner Sport Gesellschaft
mit beschränkter
Haftung
St.-Veit-Str. 4
D 81673 München
Legal form: Private
limited company
Share capital: EUR 52,000.00
Registered on: 11.12.1972
Reg. data: 80333 München,
HRB 45206
Limited partner:
Wilhelm Hermann Björn
Bogner junior alias
Willy Bogner
D 81925 München
born: 23.01.1942 in
München
Share: EUR 2,912,000.00
Limited partner:
Rosemarie Bogner
Box 1285
USA - Ketchum/Idaho
born: 15.04.1939
Share: EUR 1,300,000.00
Limited partner:
Sônia Bogner
D 81925 München
born: 05.08.1950 in Rio
de Janeiro/Brasilien
née: Ribeiro
Share: EUR 364,000.00
Limited partner:
Stefan Bogner
D 80333 München
born: 15.03.1968
Share: EUR 156,000.00
Limited partner:
Janine Bogner
D 81539 München
born: 30.04.1966
Share: EUR 156,000.00
Limited partner:
Katrin Tobin
1429 Laurel
USA CA 95060 Santa Cruz
born: 10.03.1962
née: Bogner
Share: EUR 156,000.00
Limited partner:
Michael Tobin
USA Boise, Idaho
born: 07.12.1963
Share: EUR 156,000.00
Proxy:
Wilhelm Hermann Björn
Bogner junior alias
Willy Bogner
D 81925 München
authorized to jointly
represent the company
born: 23.01.1942 in
München
Profession: Businessman
Marital status: married
Proxy:
Sônia Bogner
D 81925 München
authorized to jointly
represent the company
born: 05.08.1950 in Rio
de Janeiro/Brasilien
née: Ribeiro
Profession: Designer
Marital status: married
Proxy:
Herbert Kießling
D 80796 München
authorized to jointly
represent the company
born: 02.01.1952
President of the Supervisory Board:
Dr. Ing. E.h. Jürgen
Weber
D 50676 Köln
born: 17.10.1941
Profession: graduate
engineer
Proxy:
Sônia Bogner
D 81925 München
having sole power of representation
born: 05.08.1950 in Rio
de Janeiro/Brasilien
née: Ribeiro
Profession: Designer
Marital status: married
Proxy:
Dr. Oliver Pabst
D 14167 Berlin
authorized to jointly
represent the company
born: 29.04.1966
Profession: Businessman
Marital status: unknown
Proxy:
Herbert Kießling
D 80796 München
having sole power of
representation
born: 02.01.1952
Proxy:
Daniela Pörner
D 80333 München
authorized to jointly represent the
company
born: 04.03.1959
Proxy:
Juliane Vögl
D 83607 Holzkirchen
authorized to jointly
represent the company
born: 11.10.1964
Proxy:
Monika Scheller
D 81673 München
authorized to jointly
represent the company
born: 16.10.1961
Proxy:
Ulrich Sautter
D 82049 Pullach
authorized to jointly
represent the company
born: 05.12.1960
Proxy:
Margarete Neumayer
D 85622 Weißenfeld
authorized to jointly
represent the company
born: 04.03.1954
28.12.1993 - 21.11.1994 Bogner
Beteiligungs-Kommanditgesellschaft
auf
Aktien
D 81673 München
Partnership limited by
shares
21.11.1994 - 2004 Willy
Bogner GmbH & Co..
Kommanditgesellschaft auf Aktien
St.-Veit-Str. 4
D
81673 München
Partnership limited by
shares
Main industrial sector
1419
Manufacture of other wearing apparel and accessories n.e.c.
4616 Agents involved in the sale of textiles, apparel,
footwear and leatherware
46421 Wholesale of clothing
Works:
Willy Bogner GmbH &
Co.
Kommanditgesellschaft auf
Aktien
Am Werbering 5-9
D 85551 Kirchheim
TEL.: 089/43606670
Limited partner:
Bogner homeshopping GmbH
& Co. KG
St.-Veit-Str. 4
D 81673 München
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 500,000.00
contribution:
Share: EUR 500,000.00
Reg. data: 04.03.2004
Local court
80333 München
HRA 83678
Shareholder:
Bogner Haus Sportmoden
Vertrieb GmbH
St.-Veit-Str. 4
D 81673 München
Legal form: Private
limited company
Company Status: active
Share capital: EUR
4,000,000.00
Share: EUR 4,000,000.00
Reg. data: 03.03.1986
Local court
80333 München
HRB 78160
Shareholder:
Bogner homeshopping
Beteiligungs GmbH
St.-Veit-Str. 4
D 81673 München
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 20.03.2000
Local court
80333 München
HRB 130330
Shareholder:
Bogner Direkt Marketing
GmbH
St.-Veit-Str. 4
D 81673 München
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 23.02.2010
Local court
80333 München
HRB 184300
Payment experience: cash
discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012/2013
Type of ownership: proprietor
Share: 100.00 %
Address St.-Veit-Str.
4
D 81673 München
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 80271 MÜNCHEN
Sort. code: 70070010
BIC: DEUTDEMMXXX
Further banks
BAYERISCHE LANDESBANK, 80277 MÜNCHEN
Sort. code: 70050000
BIC: BYLADEMMXXX
COMMERZBANK VORMALS DRESDNER BANK, 80273
MÜNCHEN
Sort. code: 70080000
BIC: DRESDEFF700
UNICREDIT BANK - HYPOVEREINSBANK, 80311
MÜNCHEN
Sort. code: 70020270
BIC: HYVEDEMMXXX
Turnover: 2012/2013 EUR 134,040,338.00
Profit: 2012/2013 EUR 20,398,319.00
Equipment: EUR 4,946,736.00
Ac/ts receivable: EUR
37,050,085.00
Liabilities: EUR 40,583,412.00
Employees:
525
- Trainees: 29
Balance sheet ratios 01.11.2012 - 31.10.2013
Equity ratio [%]: 72.92
Liquidity ratio: 10.00
Return on total capital [%]: 22.31
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: 01.11.2012 - 31.10.2013
ASSETS EUR 92,384,986.32
Fixed assets EUR 28,131,210.57
Intangible assets EUR 342,633.00
Concessions, licences, rights EUR
342,633.00
Tangible assets EUR 8,690,126.60
Land / similar rights EUR 3,178,563.09
Plant / machinery EUR 558,123.51
Other tangible assets / fixtures and
fittings EUR 4,946,736.00
Advance payments made / construction
in progress EUR 6,704.00
Financial assets EUR 19,098,450.97
Shares in participations /
subsidiaries and the like EUR 18,716,605.11
Shares in related companies EUR 18,716,605.11
Other loans EUR 381,845.86
Current assets EUR 64,086,574.00
Stocks EUR 15,323,945.75
Raw materials, consumables and
supplies EUR 2,842,800.00
Finished goods / work in progress EUR
12,291,637.27
Advance payments made EUR 189,508.48
Accounts receivable EUR 37,050,084.81
Trade debtors EUR 15,163,988.07
Amounts due from related companies EUR
19,608,569.58
Other debtors and assets EUR 2,277,527.16
Liquid means EUR 11,712,543.44
Remaining other assets EUR 167,201.75
Accruals (assets) EUR 167,201.75
LIABILITIES EUR 92,384,986.32
Shareholders' equity EUR 34,038,129.32
Capital EUR 11,317,800.00
Capital of the fully liable partner
(LP, general partnership) EUR 8,580,000.00
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder EUR 8,580,000.00
Other capital EUR 2,737,800.00
Reserves EUR 273,780.00
Retained earnings / revenue reserves
EUR 273,780.00
Balance sheet profit/loss (+/-) EUR 22,446,549.32
Balance sheet profit / loss EUR 22,446,549.32
Provisions EUR 17,763,444.65
Pension provisions and comparable
provisions EUR 11,127,135.00
Provisions for taxes EUR 1,130,400.00
Other / unspecified provisions EUR 5,505,909.65
Liabilities EUR 40,583,412.35
Financial debts EUR 62.79
Liabilities due to banks EUR 62.79
Other liabilities EUR 40,583,349.56
Trade creditors (for IAS incl. bills
of exchange) EUR 4,643,959.47
Liabilities due to shareholders EUR 33,328,242.11
Liabililties due to related
companiesEUR 23,952.91
Unspecified other liabilities EUR 2,587,195.07
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm. Code (HGB)
Sales EUR 134,040,337.55
Inventory change + own costs (+/-) EUR -879,744.70
Inventory change (+/-) EUR -879,744.70
Other operating income EUR 16,015,632.31
Cost of materials EUR 57,154,326.10
Raw materials and supplies, purchased
goods EUR 53,686,369.98
Purchased services EUR 3,467,956.12
Gross result (+/-) EUR 92,021,899.06
Staff expenses EUR 32,855,572.48
Wages and salaries EUR 28,172,830.26
Social security contributions and
expenses for pension plans and
benefits EUR 4,682,742.22
Total depreciation EUR 1,899,613.05
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,899,613.05
Other operating expenses EUR 29,223,338.10
Operating result from continuing
operations EUR 28,043,375.43
Interest result (+/-) EUR -834,566.86
Interest and similar income EUR 156,076.77
Interest and similar expenses EUR 990,643.63
Other financial result EUR -680,507.48
Income from securities and loans from
financial assets EUR 19,492.52
Depreciation on financial assets and
marketable securities EUR 700,000.00
Financial result (+/-) EUR -1,515,074.34
Result from ordinary operations (+/-) EUR
26,528,301.09
Extraordinary expenses EUR 212,977.00
Extraordinary result (+/-) EUR -212,977.00
Expenses for transfer of profits to a
parent company EUR 15,988,882.00
Income tax / refund of income tax
(+/-)EUR -5,917,004.64
Tax (+/-) EUR -5,917,004.64
Annual surplus / annual deficit
EUR 4,409,437.45
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.12 |
|
|
1 |
Rs.102.71 |
|
Euro |
1 |
Rs.84.52 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NNA |
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.