|
Report Date : |
03.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
WILLY BOGNER GMBH
& CO. KOMMANDITGESELLSCHAFT AUF AKTIEN |
|
|
|
|
Registered Office : |
St.-Veit-Str. 4, D 81673 München, Post
Box 80 02 80, München |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.10.2013 |
|
|
|
|
Year of Establishment : |
1932 |
|
|
|
|
Com. Reg. No.: |
HRB 104636 |
|
|
|
|
Legal Form : |
Partnership limited by shares |
|
|
|
|
Line of Business : |
·
Manufacturer
of other wearing apparel and accessories ·
Agents
involved in the sale of textiles, apparel, footwear and leatherware ·
Wholesaler
of clothing |
|
|
|
|
No of Employees : |
525 |
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 |
|
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 |
Note:
Your inquiry: Willy Bogner GmbH & Co.
KGAA Werk Heimstetten-Tor 1, Am Werbering 5, D 85551 Kirchheim
The subject of your inquiry is a branch.
We are reporting on the headquarters.
Willy Bogner GmbH
& Co. Kommanditgesellschaft auf Aktien
St.-Veit-Str. 4
D 81673 München
Post Box: 80 02 80, München
Telephone: 089/43606-0
Telefax:
089/43606-429
Homepage: www.bogner.com
E-mail:
info@bogner.com
active
DE161237964
Business relations are permissible.
LEGAL FORM Partnership
limited by shares
Date of foundation: 1932
Registered on: 28.12.1993
Commercial Register: Local court 80333 München
under: HRB
104636
Share capital: EUR 2,737,800.00
Bogner Sport GmbH & Co. Verwaltungs KG
St.-Veit-Str. 4
D 81673 München
Legal form: Ltd partnership with priv.
ltd.
company as general partner
Total cap. EUR 5,200,000.00
contribution:
Registered on: 01.07.1958
Reg. data: 80333 München, HRA 48191
General partner:
Bogner Sport Gesellschaft
mit beschränkter
Haftung
St.-Veit-Str. 4
D 81673 München
Legal form: Private
limited company
Share capital: EUR 52,000.00
Registered on: 11.12.1972
Reg. data: 80333 München,
HRB 45206
Wilhelm Hermann Björn Bogner junior alias
Willy Bogner
D 81925 München
born: 23.01.1942 in München
Share: EUR 2,912,000.00
Limited
partner:
Rosemarie Bogner
Box 1285
USA - Ketchum/Idaho
born: 15.04.1939
Share: EUR 1,300,000.00
Limited partner:
Sônia Bogner
D 81925 München
born: 05.08.1950 in Rio
de Janeiro/Brasilien
née: Ribeiro
Share: EUR 364,000.00
Limited partner:
Stefan Bogner
D 80333 München
born: 15.03.1968
Share: EUR 156,000.00
Limited partner:
Janine Bogner
D 81539 München
born: 30.04.1966
Share: EUR 156,000.00
Limited partner:
Katrin Tobin
1429 Laurel
USA CA 95060 Santa Cruz
born: 10.03.1962
née: Bogner
Share: EUR 156,000.00
Limited partner:
Michael Tobin
USA Boise, Idaho
born: 07.12.1963
Share: EUR 156,000.00
Wilhelm Hermann Björn Bogner junior alias
Willy Bogner
D 81925 München
authorized to jointly represent the
company
born: 23.01.1942 in München
Profession: Businessman
Marital status: married
Proxy:
Sônia Bogner
D 81925 München
authorized to jointly
represent the company
born: 05.08.1950 in Rio
de Janeiro/Brasilien
née: Ribeiro
Profession: Designer
Marital status: married
Proxy:
Herbert Kießling
D 80796 München
authorized to jointly
represent the company
born: 02.01.1952
Dr. Ing. E.h. Jürgen Weber
D 50676 Köln
born: 17.10.1941
Profession: graduate engineer
Sônia Bogner
D 81925 München
having sole power of representation
born: 05.08.1950 in Rio de
Janeiro/Brasilien
née: Ribeiro
Profession: Designer
Marital status: married
Proxy:
Dr. Oliver Pabst
D 14167 Berlin
authorized to jointly
represent the company
born: 29.04.1966
Profession: Businessman
Marital status: unknown
Proxy:
Herbert Kießling
D 80796 München
having sole power of
representation
born: 02.01.1952
Proxy:
Daniela Pörner
D 80333 München
authorized to jointly
represent the company
born: 04.03.1959
Proxy:
Juliane Vögl
D 83607 Holzkirchen
authorized to jointly
represent the company
born: 11.10.1964
Proxy:
Monika Scheller
D 81673 München
authorized to jointly
represent the company
born: 16.10.1961
Proxy:
Ulrich Sautter
D 82049 Pullach
authorized to jointly
represent the company
born: 05.12.1960
Proxy:
Margarete Neumayer
D 85622 Weißenfeld
authorized to jointly
represent the company
born: 04.03.1954
28.12.1993 - 21.11.1994 Bogner
Beteiligungs-Kommanditgesellschaft auf
Aktien
D 81673 München
Partnership limited
by shares
21.11.1994 - 2004 Willy Bogner GmbH & Co..
Kommanditgesellschaft
auf Aktien
St.-Veit-Str. 4
D 81673 München
Partnership limited
by shares
Main industrial sector
·
1419 Manufacture of other wearing apparel and
accessories
·
4616 Agents involved in the sale of textiles,
apparel, footwear and leatherware
·
46421 Wholesale of clothing
Works:
Willy Bogner GmbH &
Co.
Kommanditgesellschaft auf
Aktien
Am Werbering 5-9
D 85551 Kirchheim
TEL.: 089/43606670
Limited partner:
Bogner homeshopping GmbH
& Co. KG
St.-Veit-Str. 4
D 81673 München
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 500,000.00
contribution:
Share: EUR 500,000.00
Reg. data: 04.03.2004
Local court
80333 München
HRA 83678
Shareholder:
Bogner Haus Sportmoden
Vertrieb GmbH
St.-Veit-Str. 4
D 81673 München
Legal form: Private
limited company
Company Status: active
Share capital: EUR 4,000,000.00
Share: EUR 4,000,000.00
Reg. data: 03.03.1986
Local court
80333 München
HRB 78160
Shareholder:
Bogner homeshopping
Beteiligungs GmbH
St.-Veit-Str. 4
D 81673 München
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 20.03.2000
Local court
80333 München
HRB 130330
Shareholder:
Bogner Direkt Marketing
GmbH
St.-Veit-Str. 4
D 81673 München
Legal form: Private
limited company
Company Status:
active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 23.02.2010
Local court
80333 München
HRB 184300
Payment experience: cash
discount/within agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2012/2013
Type of ownership: proprietor
Share: 100.00 %
Address St.-Veit-Str. 4
D 81673 München
Land register documents were not
available.
Principal bank
DEUTSCHE BANK, 80271 MÜNCHEN
Sort. code: 70070010
BIC: DEUTDEMMXXX
Further banks
BAYERISCHE LANDESBANK, 80277 MÜNCHEN
Sort. code: 70050000
BIC: BYLADEMMXXX
COMMERZBANK VORMALS DRESDNER BANK, 80273
MÜNCHEN
Sort. code: 70080000
BIC: DRESDEFF700
UNICREDIT BANK - HYPOVEREINSBANK, 80311 MÜNCHEN
Sort. code: 70020270
BIC: HYVEDEMMXXX
Turnover: 2012/2013 EUR 134,040,338.00
Profit: 2012/2013 EUR 20,398,319.00
Equipment: EUR 4,946,736.00
Ac/ts receivable: EUR 37,050,085.00
Liabilities: EUR 40,583,412.00
Employees:
525
-
Trainees: 29
Balance sheet ratios 01.11.2012 - 31.10.2013
Equity ratio [%]: 72.92
Liquidity ratio: 10.00
Return on total capital [%]: 22.31
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: 01.11.2012 - 31.10.2013
ASSETS EUR
92,384,986.32
Fixed assets
EUR 28,131,210.57
Intangible assets
EUR 342,633.00
Concessions, licences, rights
EUR 342,633.00
Tangible assets EUR 8,690,126.60
Land / similar rights
EUR 3,178,563.09
Plant / machinery
EUR 558,123.51
Other tangible assets / fixtures and
fittings EUR
4,946,736.00
Advance payments made / construction
in progress
EUR 6,704.00
Financial assets
EUR 19,098,450.97
Shares in participations /
subsidiaries and the like
EUR 18,716,605.11
Shares in related companies
EUR 18,716,605.11
Other loans
EUR 381,845.86
Current assets
EUR 64,086,574.00
Stocks
EUR 15,323,945.75
Raw materials, consumables and
supplies
EUR 2,842,800.00
Finished goods / work in progress
EUR 12,291,637.27
Advance payments made EUR 189,508.48
Accounts receivable
EUR 37,050,084.81
Trade debtors
EUR 15,163,988.07
Amounts due from related companies
EUR 19,608,569.58
Other debtors and assets
EUR 2,277,527.16
Liquid means
EUR 11,712,543.44
Remaining other assets
EUR 167,201.75
Accruals (assets)
EUR 167,201.75
LIABILITIES EUR 92,384,986.32
Shareholders' equity
EUR 34,038,129.32
Capital
EUR 11,317,800.00
Capital of the fully liable partner
(LP, general partnership)
EUR 8,580,000.00
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder
EUR 8,580,000.00
Other capital
EUR 2,737,800.00
Reserves
EUR 273,780.00
Retained earnings / revenue reserves EUR 273,780.00
Balance sheet profit/loss (+/-)
EUR 22,446,549.32
Balance sheet profit / loss
EUR 22,446,549.32
Provisions
EUR 17,763,444.65
Pension provisions and comparable
provisions
EUR 11,127,135.00
Provisions for taxes
EUR 1,130,400.00
Other
/ unspecified provisions EUR 5,505,909.65
Liabilities
EUR 40,583,412.35
Financial debts
EUR 62.79
Liabilities due to banks
EUR 62.79
Other liabilities
EUR 40,583,349.56
Trade creditors (for IAS incl. bills
of exchange)
EUR 4,643,959.47
Liabilities due to shareholders
EUR 33,328,242.11
Liabililties
due to related companiesEUR
23,952.91
Unspecified other liabilities
EUR 2,587,195.07
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 134,040,337.55
Inventory change + own costs (+/-)
EUR -879,744.70
Inventory change (+/-)
EUR -879,744.70
Other operating income
EUR 16,015,632.31
Cost of materials EUR
57,154,326.10
Raw materials and supplies, purchased
goods
EUR 53,686,369.98
Purchased services
EUR 3,467,956.12
Gross result (+/-)
EUR 92,021,899.06
Staff expenses
EUR 32,855,572.48
Wages and salaries
EUR 28,172,830.26
Social security contributions and
expenses for pension plans and
benefits EUR 4,682,742.22
Total depreciation
EUR 1,899,613.05
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,899,613.05
Other
operating expenses EUR 29,223,338.10
Operating result from continuing
operations
EUR 28,043,375.43
Interest result (+/-)
EUR -834,566.86
Interest and similar income
EUR 156,076.77
Interest and similar expenses
EUR 990,643.63
Other financial result
EUR -680,507.48
Income from securities and loans from
financial assets EUR 19,492.52
Depreciation on financial assets and
marketable securities
EUR 700,000.00
Financial result (+/-)
EUR -1,515,074.34
Result from ordinary operations (+/-)
EUR 26,528,301.09
Extraordinary expenses
EUR 212,977.00
Extraordinary result (+/-)
EUR -212,977.00
Expenses for transfer of profits to a
parent company
EUR 15,988,882.00
Income tax / refund of income tax (+/-)EUR -5,917,004.64
Tax
(+/-)
EUR -5,917,004.64
Annual surplus / annual deficit
EUR 4,409,437.45
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.22 |
|
UK Pound |
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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.