|
Report Date : |
11.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
BAUTEX-STOFFE GMBH DIETER WEIS |
|
|
|
|
Registered Office : |
Bajuwarenring 2, D 82041 Oberhaching |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.01.1964 |
|
|
|
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Com. Reg. No.: |
HRB 52574 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of textiles |
|
|
|
|
No. of Employees : |
12 |
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 – 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 |
BAUTEX-STOFFE GMBH DIETER WEIS
Company Status: active
Bajuwarenring
2
D 82041 Oberhaching
Telephone:089/435547-0
Telefax: 089/4361120
Homepage:
www.bautex-stoffe.de
E-mail: info@bautex-stoffe.de
VAT no.: DE129297382
Tax ID number: 143/118/40429
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.01.1964
Shareholders'
agreement: 10.02.1977
Registered on: 18.03.1977
Commercial Register: Local court 80333 München
under: HRB
52574
Share
capital: EUR 26,000.00
Shareholder:
Dieter Weis
Hohenwaldstr.43
D 82041 Oberhaching
born: 18.06.1936
Share: EUR 20,800.00
Shareholder:
Manfred Weis
Hohenwaldstr. 47
D 82041 Oberhaching
born: 12.04.1963
Share: EUR 5,200.00
Manager:
Dieter Weis
Hohenwaldstr.43
D 82041 Oberhaching
having sole power of
representation
born: 18.06.1936
Profession: Businessman
Marital status: married
to:
Hedwig Weis
born Späth
born
28.11.1938
Proxy:
Hedwig Weis
Hohenwaldstr.43
D 82041 Oberhaching
born: 28.11.1938
née: Späth
Marital status: married
01.01.1964 - 10.02.1977 Dieter Weis
St.-Veit-Str. 32
D 81673 München
Unregistered
commercial enterprise
10.02.1977 - 02.05.2000 Bautex-Stoffe GmbH Dieter Weis
St.-Veit-Str. 32
D 81673 München
Private limited
company
Main
industrial sector
46410
Wholesale of textiles
Payment experience: within
30 days
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Bajuwarenring 2
D 82041 Oberhaching
Real Estate of: Dieter Weis
Type of ownership: proprietor
Share: 100.00 %
Address Hohenwaldstr. 43
D 82041 Oberhaching
Type of real estate: detached single-family
house
Value at selling price: EUR 409,000.00
Real Estate of: Dieter Weis
Type of ownership: proprietor
Share: 100.00 %
Address
Hohenwaldstr. 45
D 82041 Oberhaching
Real Estate of: Dieter Weis
Type of ownership: proprietor
Share: 100.00 %
Address Hohenwaldstr. 47
D 82041 Oberhaching
Land register documents were not available.
DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN,
80271 MÜNCHEN
Sort. code: 70070024, Account no.: 884906900
BIC: DEUTDEDBMUC
UNICREDIT BANK - HYPOVEREINSBANK, 80311
MÜNCHEN
Sort.
code: 70020270, Account no.: 6060630060
BIC: HYVEDEMMXXX
POSTBANK, 90322 NÜRNBERG, MITTELFR
Sort. code: 76010085, Account no.: 47017851
BIC: PBNKDEFFXXX
Turnover: 2012 EUR 4,330,388.00
Profit: 2012 EUR 141,248.00
Equipment: EUR 80,943.00
Ac/ts receivable: EUR 339,233.00
Liabilities: EUR
407,769.00
Employees:
12
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 64.98
Liquidity ratio: 10.00
Return on total capital [%]: 9.35
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 65.71
Liquidity ratio: 10.00
Return on total capital [%]: 6.37
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 59.59
Liquidity ratio: 1.57
Return on total capital [%]: 2.85
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 58.57
Liquidity ratio: 3.49
Return on total capital [%]: 12.06
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: 01.01.2012 - 31.12.2012
ASSETS EUR 1,509,933.12
Fixed assets
EUR 108,202.00
Intangible assets
EUR 793.00
Concessions, licences, rights
EUR 793.00
Tangible assets
EUR 107,409.00
Plant / machinery
EUR 26,466.00
Other tangible assets / fixtures and
fittings EUR 80,943.00
Current assets
EUR 1,391,041.77
Stocks
EUR 550,197.00
Finished goods / work in progress
EUR 550,197.00
Accounts receivable
EUR 331,733.39
Trade debtors
EUR 213,137.80
Other debtors and assets
EUR 118,595.59
Liquid means
EUR 509,111.38
Remaining other assets
EUR 10,689.35
Accruals (assets)
EUR 10,689.35
LIABILITIES EUR 1,509,933.12
Shareholders' equity
EUR 977,647.37
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Balance sheet profit/loss (+/-)
EUR 951,647.37
Profit / loss brought forward
EUR 810,399.11
Annual surplus / annual deficit
EUR 141,248.26
Provisions
EUR 124,517.00
Provisions for taxes
EUR 13,217.00
Other / unspecified provisions
EUR 111,300.00
Liabilities
EUR 407,768.75
Other liabilities
EUR 407,768.75
Trade creditors (for IAS incl. bills
of exchange)
EUR 290,592.97
Liabilities due to shareholders
EUR 3,462.56
Unspecified other liabilities
EUR 113,713.22
thereof liabilities from tax /
financial authorities
EUR 36,490.07
thereof liabilities from social
security
EUR 1,862.36
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales
EUR 4,330,388.15
Other operating income
EUR 34,604.66
Cost of materials
EUR 2,599,035.43
Raw materials and supplies, purchased
goods
EUR 2,599,035.43
Gross result (+/-)
EUR 1,765,957.38
Staff expenses
EUR 707,627.02
Wages and salaries
EUR 621,550.66
Social security contributions and
expenses for pension plans and
benefits
EUR 86,076.36
Total depreciation
EUR 31,676.82
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 31,676.82
Other operating expenses
EUR 839,156.50
Operating result from continuing
operations
EUR 187,497.04
Interest result (+/-)
EUR 2,951.05
Interest and similar income
EUR 3,023.30
Interest and similar expenses
EUR 72.25
Financial result (+/-)
EUR 2,951.05
Result from ordinary operations (+/-)
EUR 190,448.09
Income tax / refund of income tax (+/-)EUR -48,132.28
Other taxes / refund of taxes
EUR -1,067.55
Tax (+/-)
EUR -49,199.83
Annual surplus / annual deficit EUR 141,248.26
Type of
balance sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 1,272,825.28
Fixed assets
EUR 109,327.00
Intangible assets
EUR 2,668.00
Concessions, licences, rights
EUR 2,668.00
Tangible assets
EUR 106,659.00
Plant / machinery EUR 30,293.00
Other tangible assets / fixtures and
fittings
EUR 76,366.00
Current assets
EUR 1,163,381.62
Stocks
EUR 392,620.00
Finished goods / work in progress
EUR 392,620.00
Accounts receivable
EUR 386,546.08
Trade debtors
EUR 322,574.10
Other debtors and assets EUR 63,971.98
Liquid means
EUR 384,215.54
Remaining other assets
EUR 116.66
Accruals (assets)
EUR 116.66
LIABILITIES EUR 1,272,825.28
Shareholders' equity
EUR 836,399.11
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Balance
sheet profit/loss (+/-) EUR 810,399.11
Profit / loss brought forward
EUR 729,282.85
Annual surplus / annual deficit
EUR 81,116.26
Provisions
EUR 113,909.32
Provisions for taxes
EUR 23,409.32
Other / unspecified provisions
EUR 90,500.00
Liabilities
EUR 322,516.85
Other liabilities
EUR 322,516.85
Trade creditors (for IAS incl. bills
of exchange)
EUR 250,065.26
Unspecified other liabilities
EUR 72,451.59
thereof liabilities from tax /
financial authorities
EUR 23,072.19
thereof liabilities from social
security
EUR 1,625.50
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales EUR 4,288,989.77
Other operating income
EUR 30,781.58
Cost of materials
EUR 2,483,839.58
Raw materials and supplies, purchased
goods
EUR 2,483,839.58
Gross result (+/-)
EUR 1,835,931.77
Staff expenses
EUR 674,625.36
Wages and salaries
EUR 593,706.70
Social security contributions and
expenses for pension plans and
benefits
EUR 80,918.66
Total depreciation
EUR 27,516.31
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 27,516.31
Other operating expenses
EUR 1,025,966.41
Operating result from continuing
operations
EUR 107,823.69
Interest result (+/-)
EUR 2,367.53
Interest and similar income
EUR 3,113.92
Interest and similar expenses
EUR 746.39
Financial result (+/-)
EUR 2,367.53
Result from ordinary operations (+/-)
EUR 110,191.22
Income tax / refund of income tax (+/-)EUR -28,010.78
Other taxes / refund of taxes
EUR -1,064.18
Tax (+/-)
EUR -29,074.96
Annual surplus / annual deficit
EUR 81,116.26
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.26 |
|
|
1 |
Rs.99.63 |
|
Euro |
1 |
Rs.80.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.