MIRA INFORM REPORT

 

 

Report Date :

27.01.2014

 

IDENTIFICATION DETAILS

 

Name :

HEINZ BAYER

 

 

Registered Office :

Rheinfährstr. 206, D 41468 Neuss

 

 

Country :

Germany

 

 

Date of Incorporation :

10.03.1998

 

 

Legal Form :

Unregistered commercial enterprise

 

 

Line of Business :

·         Wholesaler of other equipment and accessories for machinery and technical supplies

·         Retail sale of miscellaneous goods (except food)

 

 

No of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Unregistered Commercial Enterprises

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

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 – September 30, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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

 

 

COMPANY NAME & ADDRESS

 

Heinz Bayer

 

Rheinfährstr. 206

D 41468 Neuss

Telephone:02131/930567

Telefax:  02131/930568

 

 

Trade name

     

Tool Centre-Bayer

 

 

CONCLUSION

 

Business relations are permissible.

 

 

LEGAL FORM          

 

Unregistered commercial enterprise

 

 

Date of foundation 

 

10.03.1998

 

 

Proprietor

 

Heinz Bayer

Rheinfährstr. 206

D 41468 Neuss

born: 24.05.1955

Profession: Businessman

Marital status: divorced

 

Negative remark(s) regarding

 

Heinz Bayer

 

Insolvency Proceedings

 

Local court               : 40227 Düsseldorf

 

Trustee                     : Dr. Jörg Nerlich

                                    Sternstr. 20

                                    D 41061

                                    Mönchengladbach

File No                       : 500 IN 139/05

 

Order of institution of : 26.09.2005

Claims to be filed by   : 31.10.2005

 

Creditors' meeting

                    

- Date for pres. Of report on : 29.11.2005

- Date of hearing  on : 29.11.2005

 

Reason for suspension  : for lack of assets

 

Insolvency proceedings revoked on : 14.03.2008

 

Exemptn of residual debt

 

- application of       : 26.09.2005

- announcement of : 01.02.2008

- grant on                : 25.11.2011

 

 

COMPANY HISTORY

 

 25.05.2000 - 2011        Heinz Bayer

                                      Rheinfährstr. 117

                                      D 41468 Neuss

                                      Unregistered commercial enterprise

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

46693   Wholesale of other equipment and accessories for machinery and technical supplies

47191   Retail sale of miscellaneous goods (except food)

 

REAL ESTATE

 

Type of ownership:   Tenant

 Address                    Rheinfährstr. 206

                                   D 41468 Neuss

 

 Real Estate of:          Heinz Bayer

 Type of ownership:   Tenant

 Address                     Rheinfährstr. 117

                                    D 41468 Neuss

 

 Land register documents were not available.

 

 

BANKERS

 

SPARKASSE NEUSS, NEUSS

Sort. code: 30550000, BIC: WELADEDNXXX

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:            2013               EUR            150,000.00

Equipment:                              EUR             15,000.00

Ac/ts receivable:                       EUR             12,500.00

Liabilities:                            EUR             10,000.00

Total numbers of vehicles:                                      1

Employees:                                                      2

- Temporary workers:                                            1

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 62.17

UK Pound

1

Rs. 103.38

Euro

1

Rs. 85.08

 

 

INFORMATION DETAILS

 

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%)

 

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