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Report Date : |
21.02.2014 |
IDENTIFICATION DETAILS
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Name : |
BURGER PEN AG, ZWEIGNIEDERLASSUNG SCHÖNWALD |
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Registered Office : |
Gutachstr. 1a, D
78141 Schönwald, Im Schwarzwald |
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Country : |
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Date of Incorporation : |
14.02.2002 |
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Com. Reg. No.: |
HRB 602811 |
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Legal Form : |
Private Company |
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Line of Business : |
·
manufacturer
of superior writing instruments of top quality plastics with the
precision and reliability that Manufacturer of stationery and office
supplies of paper and paperboard Wholesaler of paper and paperboard,
stationery, office supplies, books, periodicals and newspapers Retail sale of stationery for school and
office supplies |
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No. of Employees : |
07 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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
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Source : CIA |
Burger Pen AG, Zweigniederlassung
Schönwald
Gutachstr. 1a
D 78141 Schönwald
Im Schwarzwald
Telephone: 07722/8692-0
Telefax: 07722/8692-29
Homepage: www.burgerdesignpen.com
E-mail: info@burgerpen.com
Registration data Hauptstrasse 20
head office: CH-217-0631180-9
H 1713 St. Antoni
Telephone:0041/264959470
E-mail: info@burgerpen.com
DE226321309
active
We cannot give an opinion as to the granting of a credit in this
particular case. Business relations are permissible.
LEGAL FORM Private
Company
Date of foundation: 14.02.2002
Begin of business
activities: 14.02.2002
Registered on: 26.02.2003
Commercial Register: Local court 79098 Freiburg
under: HRB
602811
Share capital: CHF 200,000.00
Xavier Canton
CH St. antoni
having sole power of representation
born: 23.10.1961
Nationality: Swiss
Harald Waeber
CH St. Antoni
born: 25.11.1951
Nationality: Swiss
Further
functions/participations of Harald Waeber (Vice-president of the Board of
Directors)
Manager:
Grässlin KBS GmbH
Auf
Herdenen 25
D
78052 Villingen-Schwenningen
Legal
form: Private limited company
Share
capital: EUR 4,000,000.00
Registered
on: 18.12.2000
Reg.
data: 79098 Freiburg, HRB 602583
Sectors
· manufacturer of superior writing instruments of top quality plastics with the precision and reliability that Switzerland and Germany is renowned for.
Manufacturer of stationery and office
supplies of paper and paperboard
Wholesaler of paper and paperboard,
stationery, office supplies, books, periodicals and newspapers
Retail sale of stationery for school and
office supplies
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Type of ownership: Tenant
Address Gutachstr. 1a
D
78141 Schönwald
Land register documents were not available.
SPARKASSE SCHWARZWALD-BAAR, 78141 SCHÖNWALD IM SCHWARZWALD
Sort. code: 69450065
BIC: SOLADES1VSS
Financial year: 01.01. - 31.12.
Turnover: 2012 EUR 1,500,000.00
2013 EUR 1,400,000.00
Expected turnover: EUR 1,400,000.00
further business figures:
Share capital: CHF 200,000.00
Equipment: EUR 25,000.00
Total numbers of vehicles: 4
Employees:
7
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.28 |
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UK Pound |
1 |
Rs.103.84 |
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Euro |
1 |
Rs.85.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<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.