|
Report Date : |
08.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
BÜDIAM
DIAMANTWERKZEUGE R. UND |
|
|
|
|
Registered Office : |
Industriestr.
5a, D 35713 Eschenburg |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Year of Establishment : |
1977 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Manufacture
of tools ·
Wholesale
of tools and hardware ·
Retail
sale of metal and plastic goods n.e.c. |
|
|
|
|
No of Employees : |
28 |
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 |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 |
BÜDIAM
Diamantwerkzeuge R. und N. Büttner GmbH
Industriestr.
5a
D 35713
Eschenburg
Telephone:02770/91200
Telefax: 02770/1000
Homepage:
www.buediam.de
E-mail: mail@buediam.de
Active
DE112599972
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1977
Shareholders'
agreement: 27.01.1977
Registered on: 14.04.1977
Commercial Register: Local court 35578 Wetzlar
under: HRB
3049
Share capital: EUR 128,000.00
Shareholder
EM Verwaltungs-GmbH
Industriestr. 5a
D 35713 Eschenburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 102,400.00
Registered on: 12.03.2014
Reg. data: 35578 Wetzlar,
HRB 6649
Shareholder:
Jann Knut Büttner
Belforter Str. 16
D 10405 Berlin
born: 11.03.1981
Share: EUR 25,600.00
Manager:
Eva Maria Milsch
Schelde-Lahn-Str. 10
D 35713 Eschenburg
having sole power of
representation
born: 20.10.1962
née: Büttner
Profession: Tax
consultant assistant
Manager:
Hans Günther Milsch
Schelde-Lahn-Str. 10
D 35713 Eschenburg
having sole power of
representation
born: 15.03.1956
Profession: Fully
qualified Economist
Further functions/participations of
Eva Maria Milsch (Manager) Limited partner:
EMB GmbH & Co. KG
Industriestr. 5a
D 35713 Eschenburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 100,000.00
Registered
on: 12.03.2014
Reg. data: 35578 Wetzlar, HRA 7311
Shareholder:
EM Verwaltungs-GmbH
Industriestr. 5a
D 35713 Eschenburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 12.03.2014
Reg. data: 35578 Wetzlar, HRB 6649
Manager:
EM Verwaltungs-GmbH
Industriestr. 5a
D 35713 Eschenburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 12.03.2014
Reg. data: 35578 Wetzlar, HRB 6649
Further functions/participations of Hans
Günther Milsch (Manager)
Shareholder:
Dipl.-Oec. H.G. Milsch
Unternehmensberatungs- und
Kapitalanlagenvermittlungs-GmbH
Hüttenplatz 26
D 35683 Dillenburg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 30.12.1993
Reg. data: 35578 Wetzlar, HRB 3325
Manager:
Dipl.-Oec. H.G. Milsch
Unternehmensberatungs-
und
Kapitalanlagenvermittlungs-GmbH
Hüttenplatz 26
D 35683 Dillenburg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 30.12.1993
Reg. data: 35578 Wetzlar, HRB 3325
President of the Supervisory Board:
LaserPoint
Aktiengesellschaft
Aspastr. 24
D 59394 Nordkirchen
Legal form: Public
limited company
Share capital: EUR 150,000.00
Registered
on: 09.03.2002
Reg. data: 48653 Coesfeld, HRB 7506
14.04.1977 - 05.07.1988 Büdiam
Diamantwerkzeuge W. und R.
Büttner GmbH
Schelde-Lahn-Str. 3-10
D 35713 Eschenburg
Private limited company
06.07.1988 - 1994 BÜDIAM
Diamantwerkzeuge R. und N.
Büttner GmbH
Schelde-Lahn-Str.
3-10
D 35713 Eschenburg
Private
limited company
Main
industrial sector
2573 Manufacture of tools
46741 Wholesale of tools and hardware
47521 Retail sale of metal and plastic goods
n.e.c.
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
The maximum credit is our
recommendation for
the maximum credit limit
for the inquired
company.
Balance sheet year: 2012/2013
Type of ownership: Tenant
Address Industriestr.
5a
D 35713 Eschenburg
Land register documents were not available.
VOLKSBANK DILL VB UND RAIFFBK, 35713
ESCHENBURG
Sort. code: 51690000
BIC: GENODE51DIL
DEUTSCHE BANK, 35683 DILLENBURG
Sort. code: 46070090
BIC: DEUTDEDK460
Turnover: 2011/2012 *EUR 4,060,000.00
2012/2013 EUR 4,075,000.00
further business figures:
Ac/ts receivable: EUR
759,731.00
Liabilities: EUR
336,949.00
Employees:
28
The business figures marked with an asterisk
are estimates based on average values in
the line of business.
Balance sheet ratios 01.04.2012 - 31.03.2013
Equity ratio [%]: 70.65
Liquidity ratio: 10.00
Balance sheet ratios 01.04.2011 - 31.03.2012
Equity ratio [%]: 72.78
Liquidity ratio: 10.00
Balance sheet ratios 01.04.2010 - 31.03.2011
Equity ratio [%]: 73.14
Liquidity ratio: 10.00
Balance sheet ratios 01.04.2009 - 31.03.2010
Equity ratio [%]: 70.67
Liquidity ratio: 6.45
Return on total capital [%]: 5.95
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.
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.
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: 01.04.2012 - 31.03.2013
ASSETS EUR 2,630,853.25
Fixed assets EUR 1,343,797.50
Intangible assets EUR 6,185.00
Tangible assets EUR 687,612.50
Financial assets EUR 650,000.00
Other / unspecified
financial assets EUR 650,000.00
Current assets EUR 1,254,514.22
Stocks EUR 288,113.27
Accounts receivable EUR 759,731.22
Liquid means EUR 206,669.73
Remaining other
assets EUR 32,541.53
Accruals (assets) EUR 24,788.63
Deferred taxes
(assets) EUR 7,752.90
LIABILITIES EUR 2,630,853.25
Shareholders' equity EUR 1,803,388.04
Capital EUR 128,000.00
Subscribed capital
(share capital) EUR 128,000.00
Reserves EUR 1,675,388.04
Capital reserves EUR 1,675,388.04
Provisions EUR 490,516.57
Liabilities EUR 336,948.64
Type of balance sheet: Company
balance sheet
Financial year: 01.04.2011
- 31.03.2012
ASSETS EUR 2,577,205.52
Fixed assets EUR 1,212,342.50
Intangible assets EUR 5,977.00
Other / unspecified
intangible assetsEUR
5,977.00
Tangible assets EUR 481,365.50
Other / unspecified
tangible assets EUR 481,365.50
Financial assets EUR 725,000.00
Other / unspecified
financial assets EUR
725,000.00
Current assets EUR 1,333,638.18
Stocks EUR 250,050.50
Accounts receivable EUR 827,065.48
Other debtors and
assets EUR 827,065.48
Liquid means EUR 256,522.20
Remaining other
assets EUR 31,224.84
Accruals (assets) EUR 23,900.34
Deferred taxes
(assets) EUR 7,324.50
LIABILITIES EUR 2,577,205.52
Shareholders' equity EUR 1,792,723.12
Capital EUR 128,000.00
Subscribed capital
(share capital) EUR 128,000.00
Reserves EUR 1,664,723.12
Capital reserves EUR 1,664,723.12
Provisions EUR 440,511.11
Liabilities EUR 343,971.29
Other liabilities EUR 343,971.29
Unspecified other
liabilities EUR 343,971.29
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.41 |
|
|
1 |
Rs. 103.42 |
|
Euro |
1 |
Rs. 82.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
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.