|
Report Date : |
08.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
MBE |
|
|
|
|
Registered Office : |
Gottfried-Hagen-Str.
20, D 51105 Köln |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
09.09.2008 |
|
|
|
|
Com. Reg. No.: |
HRB 68071 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of other general-purpose
machinery |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 |
MBE Cologne Engineering GmbH
Gottfried-Hagen-Str.
20
D 51105
Köln
Telephone: 0221/998920
Telefax: 0221/99892619
Homepage:
www.mbe-cologne.de
E-mail: info@mbe-cologne.de
DE815106622
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 09.09.2008
Shareholders' agreement: 09.09.2008
Registered on: 04.01.2010
Commercial Register: Local court 50939 Köln
under: HRB
68071
Share capital: EUR 25,000.00
MBE Holdings PTE Ltd.
220 Orchard
Road # 05-01
SGP 238852 Bidpoint
Orchard
Legal form: Other legal
form
Share: EUR 25,000.00
Harald Ulrich Schütz
D 51427 Bergisch Gladbach
having sole power of
representation
born: 05.08.1954
Manager:
Manish Agarwal
IND West Bengal
having sole power of representation
born: 14.08.1973
Nationality: Indian
Manager:
Subir Chaki
IND Kalkutta
born: 24.03.1960
Nationality: Indian
Manager:
Manoj Toshniwal
IND West Bangal
having sole power of
representation
born: 30.12.1967
Nationality: Indian
Olaf Zimmlinghaus
D 53111 Bonn
authorized to jointly
represent the company
born: 25.06.1969
Proxy:
Thomas Jacobs
D 53111 Bonn
authorized to jointly
represent the company
born: 07.03.1964
Member of the Supervisory Board:
Skiron Power AG
Neustädtische
Kirchstr. 7
D 10117 Berlin
Legal form: Public
limited company
Share capital: EUR 50,000.00
Registered
on: 09.07.2010
Reg. data: 14057 Berlin, HRB 127848 B
23.04.2009 - 04.08.2009 Kronen tausend434 GmbH
Königsallee 102
D 40215 Düsseldorf
Private limited company
04.08.2009 - 12.10.2009 Cologne Engineering GmbH
Königsallee 102
D 40215 Düsseldorf
Private limited
company
13.10.2009 - 04.01.2010 MBE Cologne Engineering GmbH
Tersteegenstr. 28
D 40474 Düsseldorf
Private limited
company
04.01.2010 - 10.12.2010 MBE Cologne Engineering GmbH
Dillenburger Str. 63
D 51105 Köln
Private limited
company
22.07.2013 - 12.05.2014 Manager
Tapobrata Talukdar
IND Kalkutta
11.01.2010 - 15.11.2013 Manager
Wilfried Küppers
D 41061
Mönchengladbach
29.04.2011 - 27.06.2013 Manager
Subir Ranjan Dasgupta
RI Singapur
11.01.2010
- 27.06.2013 Manager
Prabir Kumar Ghosh
IND - Kolkata
Main industrial sector
2829
Manufacture of other general-purpose machinery n.e.c.
3312
Repair of machinery
33200
Installation of machines and equipment n.e.c.
46141
Agents involved in the sale of machines (except
agricultural machineryand office machinery)
and industrial
supplies n.e.c.
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2012/2013
Type of ownership: Tenant
Address Gottfried-Hagen-Str. 20
D 51105 Köln
Land register documents were not available.
DEUTSCHE BANK, 50587 KÖLN
Sort. code: 37070060
BIC: DEUTDEDKXXX
Gross profit or loss:2011/2012 EUR 10,855,210.00
2012/2013 EUR 8,164,414.00
Profit: 2012/2013 EUR -4,280,836.00
further business figures:
Equipment: EUR 138,095.00
Ac/ts receivable: EUR 3,604,080.00
Liabilities:
EUR 8,433,425.00
Employees:
139
-
Trainees:
6
Balance sheet ratios 01.04.2012 - 31.03.2013
Equity ratio [%]: -129.88
Liquidity ratio: 0.15
Return on total capital [%]: -98.82
Balance sheet ratios 01.04.2011 - 31.03.2012
Equity ratio [%]: -30.94
Liquidity ratio: 0.36
Return on total capital [%]: -16.56
Balance sheet ratios 01.04.2010 - 31.03.2011
Equity ratio [%]: -23.67
Liquidity ratio: 0.36
Return on total capital [%]: -23.00
Balance sheet ratios 01.01.2010 - 31.03.2010
Equity ratio [%]: -27.19
Liquidity ratio: 0.51
Return on total capital [%]: 2.36
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:
01.04.2012 - 31.03.2013
ASSETS EUR 9,930,962.32
Fixed assets
EUR 2,125,702.38
Intangible assets
EUR 1,372,494.72
Goodwill
EUR 1,324,497.97
Other / unspecified intangible assetsEUR 47,996.75
Tangible assets
EUR 753,207.66
Land / similar rights
EUR 31,859.46
Plant / machinery
EUR 580,133.41
Other tangible assets / fixtures and
fittings
EUR 138,094.79
Advance payments made / construction
in progress
EUR 3,120.00
Current assets
EUR 5,766,003.77
Stocks
EUR 2,148,014.13
Accounts receivable EUR 3,604,079.89
thereof total due from shareholders
EUR 2,350,000.00
Amounts due from related companies
EUR 2,453,666.42
Other debtors and assets
EUR 1,150,413.47
Liquid means
EUR 13,909.75
Remaining other assets
EUR 2,039,256.17
Accruals (assets)
EUR 102,828.78
Deficit not covered by shareholders'
equity
EUR 1,936,427.39
LIABILITIES EUR 9,930,962.32
Shareholders' equity
EUR 0.00
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 4,739,845.62
Capital reserves
EUR 4,739,845.62
Balance sheet profit/loss (+/-)
EUR -6,701,273.01
Profit / loss brought forward
EUR -2,420,436.77
Annual surplus / annual deficit
EUR -4,280,836.24
Other shareholders' equity (+/-)
EUR 1,936,427.39
Deficit not covered by shareholders'
equity
EUR 1,936,427.39
Provisions
EUR 1,497,536.84
Liabilities
EUR 8,433,425.48
Financial debts
EUR 3,849,401.65
Liabilities due to banks
EUR 3,849,401.65
Other liabilities
EUR 4,584,023.83
Liabililties due to related companiesEUR 705,361.78
Unspecified other liabilities EUR
3,878,662.05
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 8,164,413.82
Staff expenses
EUR 8,158,873.80
Wages and salaries
EUR 6,866,083.41
Social security contributions and
expenses for pension plans and
benefits
EUR 1,292,790.39
Total depreciation
EUR 399,149.01
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 399,149.01
Other operating expenses
EUR 3,600,018.05
Operating result from continuing
operations EUR -3,993,627.04
Interest result (+/-)
EUR -273,744.17
Interest and similar expenses
EUR 273,744.17
thereof paid to related companies
EUR 550.00
Financial result (+/-)
EUR -273,744.17
Result from ordinary operations (+/-)
EUR -4,267,371.21
Extraordinary expenses
EUR 11,956.00
Extraordinary result (+/-)
EUR -11,956.00
Income tax / refund of income tax (+/-)EUR -1.03
Other taxes / refund of taxes
EUR -1,508.00
Tax (+/-)
EUR -1,509.03
Annual surplus / annual deficit EUR -4,280,836.24
Type of balance
sheet: Company balance sheet
Financial year: 01.04.2011 - 31.03.2012
ASSETS EUR 11,692,479.27
Fixed assets
EUR 2,371,615.35
Intangible assets
EUR 1,450,997.83
Goodwill
EUR 1,439,671.71
Other / unspecified intangible assetsEUR 11,326.12
Tangible assets EUR 920,617.52
Land / similar rights
EUR 46,541.12
Plant / machinery
EUR 701,143.95
Other tangible assets / fixtures and
fittings
EUR 169,812.45
Advance payments made / construction
in progress
EUR 3,120.00
Current assets
EUR 9,146,277.61
Stocks
EUR 3,540,423.77
Accounts receivable
EUR 5,595,160.38
Amounts due from related companies
EUR 2,898,303.23
Other debtors and assets
EUR 2,696,857.15
Liquid means
EUR 10,693.46
Remaining other assets
EUR 174,586.31
Accruals (assets)
EUR 174,586.31
LIABILITIES EUR 11,692,479.27
Shareholders' equity
EUR 1,344,408.85
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 3,739,845.62
Capital reserves EUR 3,739,845.62
Balance sheet profit/loss (+/-)
EUR -2,420,436.77
Profit / loss brought forward
EUR -1,100,151.81
Annual surplus / annual deficit
EUR -1,320,284.96
Provisions EUR 1,358,532.82
Liabilities
EUR 8,989,537.60
Financial debts
EUR 3,375,373.88
Liabilities due to banks
EUR 3,375,373.88
Other liabilities EUR 5,614,163.72
Liabililties due to related companiesEUR 985,075.85
Unspecified other liabilities
EUR 4,629,087.87
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 10,855,209.68
Staff expenses
EUR 7,619,283.42
Wages and salaries
EUR 6,346,067.67
Social security contributions and
expenses for pension plans and
benefits
EUR 1,273,215.75
Total depreciation
EUR 556,208.91
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 556,208.91
Other operating expenses
EUR 3,678,938.59
Operating result from continuing
operations
EUR -999,221.24
Interest result (+/-) EUR -325,133.72
Interest and similar income
EUR 1,747.00
Interest and similar expenses
EUR 326,880.72
thereof paid to related companies
EUR 15,244.42
Financial result (+/-)
EUR -325,133.72
Result from ordinary operations (+/-)
EUR -1,324,354.96
Extraordinary expenses
EUR 11,956.00
Extraordinary result (+/-)
EUR -11,956.00
Income tax / refund of income tax (+/-)EUR 17,534.00
Other taxes / refund of taxes
EUR -1,508.00
Tax (+/-)
EUR 16,026.00
Annual surplus / annual deficit
EUR -1,320,284.96
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
: |
RAS |
|
|
|
|
Report Prepared
by : |
PDT |
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.