|
Report Date : |
18.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
BEHEIM INTERNATIONAL BRANDS GMBH & CO. KG |
|
|
|
|
Registered Office : |
Im Hain 29, D 63179 Obertshausen, Post Box: 13 07, D 63179 Obertshausen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.10.2012 |
|
|
|
|
Date of Incorporation : |
1949 |
|
|
|
|
Com. Reg. No.: |
HRA 9291 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd.
company as general partner |
|
|
|
|
Line of Business : |
Wholesale of leather goods, luggage,
giftware and advertising articles |
|
|
|
|
No. of Employees : |
49 |
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 |
BEHEIM INTERNATIONAL BRANDS GMBH & CO. KG
Company Status: active
Im Hain 29
D 63179 Obertshausen
Post Box:
13 07, D 63179 Obertshausen
Telephone:06104/40770
Telefax:
06104/407760
Homepage:
www.beheim.de
E-mail: info@beheim.de
VAT no.: DE812346800
Tax ID number: 035 305 30205
Business relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date of foundation: 1949
Registered on: 12.03.1998
Register of
companies: Local court 63065 Offenbach
under: HRA
9291
Total cap.
contribution: EUR 179,100.00
Limited
partner:
Michael Beheim
Hubertusanlage 34
D 63150 Heusenstamm
born: 28.04.1976
Share: EUR 89,550.00
Limited
partner:
Christine Beheim
Im Hain 29
D 63179
Obertshausen
born: 21.09.1979
Share: EUR 89,550.00
General
partner:
Beheim International
Fashion Verwaltungs
GmbH
Im Hain 29
D 63179 Obertshausen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered on: 16.04.1997
Reg. data: 63065
Offenbach, HRB 10254
Shareholder:
Wolfgang Beheim
Im Hain 29
D 63179 Obertshausen
born: 06.10.1946
Share: EUR 25,564.59
Manager:
Wolfgang Beheim
Im Hain 29
D 63179 Obertshausen
having sole power of
representation
born: 06.10.1946
Profession:
Businessman
Marital status: married
Manager:
Michael Beheim
Hubertusanlage 34
D 63150 Heusenstamm
having sole power of
representation
born: 28.04.1976
Marital status: unknown
Manager:
Christine Beheim
Im Hain 29
D 63179 Obertshausen
having sole power of
representation
born: 21.09.1979
Marital status: unknown
Proxy:
Karin Elisabeth Beheim
Im Hain 29
D 63179 Obertshausen
having sole power
of representation
born: 08.09.1949
née: Becker
Marital status: married
Further
functions/participations of Beheim International Fashion
Verwaltungs
GmbH (General partner)
General
partner:
Jakob Becker jun. GmbH
& Co. KG
Lederwarenfabrik
Im Hain 29
D 63179 Obertshausen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 51,129.19
contribution:
Registered
on: 09.11.1966
Reg. data: 63065 Offenbach, HRA 7022
01.03.1991 - 05.05.1995 Beheim International Fashion GmbH
Im Hain 29
D 63179 Obertshausen
Private limited
company
06.05.1995 - 15.12.1997 Beheim International Fashion Inh.
Wolfgang Beheim
Im Hain 29
D 63179 Obertshausen
Sole proprietorship
16.12.1997 - 16.07.2002 Michael Beheim International Fashion
Inh. Wolfgang Beheim
Im Hain 29
D 63179 Obertshausen
Sole proprietorship
Main
industrial sector
46493
Wholesale of leather goods, luggage, giftware and advertising articles
Payment experience: cash
discount/within agreed terms
Negative information :We have no negative information at hand.
Balance sheet year: 2011/2012
Type of ownership: Tenant
Address Im Hain 29
D 63179 Obertshausen
Land register documents were not available.
Principal
bank
SPARKASSE LANGEN-SELIGENSTADT, 63179
OBERTSHAUSEN
Sort. code: 50652124
BIC: HELADEF1SLS
Further
banks
COMMERZBANK, 63003 OFFENBACH AM MAIN
Sort. code: 50540028
BIC: COBADEFFXXX
SPARKASSE LANGEN-SELIGENSTADT, 63487
SELIGENSTADT, HESS
Sort. code: 50652124
BIC: HELADEF1SLS
POSTBANK, 60288 FRANKFURT AM MAIN
Sort. code: 50010060
BIC: PBNKDEFFXXX
Gross profit or loss: 2011/2012
EUR 9,601,723.00
Profit: 2011/2012 EUR 744,443.00
Equipment: EUR
351,148.00
Ac/ts receivable: EUR
2,987,226.00
Liabilities: EUR 7,297,569.00
Employees: 49
Balance sheet ratios 01.11.2011 - 31.10.2012
Equity ratio [%]: 2.60
Liquidity ratio: 0.51
Return on total capital [%]: 9.61
Balance sheet ratios 01.11.2010 - 31.10.2011
Equity ratio [%]: 3.25
Liquidity ratio: 0.58
Return on total capital [%]: 10.40
Balance sheet ratios 01.11.2009 - 31.10.2010
Equity ratio [%]: 3.20
Liquidity ratio: 0.50
Return on total capital [%]: 13.06
Balance sheet ratios 01.11.2008 - 31.10.2009
Equity ratio [%]: 7.81
Liquidity ratio: 0.66
Return on total capital [%]: 36.10
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: 01.11.2011 - 31.10.2012
ASSETS EUR 7,755,368.16
Fixed assets
EUR 362,672.50
Intangible assets
EUR 9,736.00
Other / unspecified intangible assetsEUR 9,736.00
Tangible assets
EUR 352,936.50
Plant / machinery
EUR 1,788.50
Other tangible assets / fixtures and
fittings
EUR 351,148.00
Current
assets EUR 7,366,570.84
Stocks
EUR 2,931,104.77
Other / unspecified stocks
EUR 2,931,104.77
Accounts receivable
EUR 2,987,225.61
Amounts due from shareholders
EUR 3,131.04
Other debtors and assets
EUR 2,984,094.57
Liquid means
EUR 1,448,240.46
Remaining other assets
EUR 26,124.82
Accruals (assets)
EUR 26,124.82
LIABILITIES EUR 7,755,368.16
Shareholders' equity
EUR 179,100.00
Capital EUR 179,100.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 179,100.00
Provisions
EUR 277,068.82
Other / unspecified provisions
EUR 277,068.82
Liabilities
EUR 7,297,569.34
Financial debts
EUR 4,475,457.10
Liabilities due to banks
EUR 4,475,457.10
Other liabilities EUR 2,822,112.24
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,231,000.00
Liabilities due to shareholders
EUR 30,000.00
Unspecified other liabilities
EUR 1,561,112.24
Other liabilities
EUR 1,630.00
Deferred taxes (not included under
provisions/liabilities)
EUR 1,630.00
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Gross result (+/-)
EUR 9,601,722.57
Staff expenses
EUR 2,034,025.69
Wages and salaries
EUR 1,730,322.37
Social security contributions and
expenses
for pension plans and
benefits
EUR 303,703.32
Total depreciation
EUR 115,627.43
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 115,627.43
Other operating expenses
EUR 6,549,958.57
Operating result from continuing
operations
EUR 902,110.88
Interest result (+/-) EUR -54,162.18
Interest and similar income
EUR 13,251.57
Interest and similar expenses
EUR 67,413.75
Financial result (+/-)
EUR -54,162.18
Result from ordinary operations (+/-)
EUR 847,948.70
Income tax / refund of income tax (+/-)EUR -103,506.00
Tax (+/-)
EUR -103,506.00
Annual surplus / annual deficit
EUR 744,442.70
Type of
balance sheet: Company balance sheet
Financial
year: 01.11.2010 - 31.10.2011
ASSETS EUR 6,311,162.98
Fixed assets
EUR 436,279.00
Intangible assets
EUR 8,289.50
Other / unspecified intangible assetsEUR 8,289.50
Tangible assets
EUR 427,989.50
Plant / machinery
EUR 1,552.50
Other tangible assets / fixtures and
fittings
EUR 426,437.00
Current assets
EUR 5,853,982.01
Stocks
EUR 2,190,029.22
Accounts receivable
EUR 2,377,702.61
Other debtors and assets
EUR 2,377,702.61
Liquid means
EUR 1,286,250.18
Remaining other assets
EUR 20,901.97
Accruals
(assets) EUR 20,901.97
LIABILITIES EUR 6,311,162.98
Shareholders' equity
EUR 179,100.00
Capital
EUR 179,100.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 179,100.00
Provisions
EUR 696,425.22
Liabilities
EUR 5,434,464.76
Financial
debts EUR 3,923,706.16
Liabilities due to banks
EUR 3,923,706.16
Other liabilities
EUR 1,510,758.60
Unspecified other liabilities
EUR 1,510,758.60
Other liabilities
EUR 1,173.00
Deferred taxes (not included under
provisions/liabilities)
EUR 1,173.00
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Gross result (+/-)
EUR 9,369,727.21
Staff expenses
EUR 1,614,586.51
Wages and salaries
EUR 1,370,626.13
Social security contributions and
expenses for pension plans and
benefits
EUR 243,960.38
Total depreciation
EUR 124,156.54
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 124,156.54
Other operating expenses
EUR 6,808,083.30
Operating result from continuing
operations
EUR 822,900.86
Interest result (+/-)
EUR -66,141.82
Interest and similar income
EUR 1,188.54
Interest and similar expenses
EUR 67,330.36
Financial result (+/-)
EUR -66,141.82
Result from ordinary operations (+/-)
EUR 756,759.04
Extraordinary expenses
EUR 338.38
Extraordinary result (+/-)
EUR -338.38
Income tax / refund of income tax (+/-)EUR -91,076.00
Other
taxes / refund of taxes EUR -9,511.72
Tax (+/-)
EUR -100,587.72
Annual surplus / annual deficit
EUR 655,832.94
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.37 |
|
|
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.