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Report Date : |
21.05.2014 |
IDENTIFICATION DETAILS
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Name : |
TRAFIK BREMEN
TRANSPORTGERÄTE HANDELSGESELLSCHAFT MBH |
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Registered Office : |
Von-Thünen-Str. 2, D 28307 Bremen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
1972 |
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Com. Reg. No.: |
HRB 6196 HB |
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Legal Form : |
Private limited company |
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Line of Business : |
Wholesale of industrial trucks and vehicles |
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No. of Employees |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – 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 |
TRAFIK Bremen Transportgeräte Handelsgesellschaft mbH
Von-Thünen-Str. 2
D 28307 Bremen
Telephone:0421/48588-0
Telefax: 0421/48588-89
Homepage: www.trafik.com
E-mail: info@trafik.com
DE114433660
71 595 01196
LEGAL FORM Private limited company
Date of foundation: 1972
Shareholders' agreement: 11.12.1975
Registered on: 27.01.1976
Commercial Register: Local court 28195 Bremen
under: HRB 6196 HB
Share capital: EUR 120,000.00
Dieter Klein
Gartenkamp 1 OT: Morsum
D 27321 Thedinghausen
born: 19.09.1955 in Bremen
Share: EUR 40,000.00
Shareholder:
Sylvia Rühmann
Rilkeweg 72
D 28355 Bremen
born: 08.02.1962 in Bremen
née: Küspert
Share: EUR 40,000.00
Shareholder:
Peter Rühmann GmbH & Co.
Kommanditgesellschaft
Osterdeich 34
D 28203 Bremen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 10,000.00
contribution:
Share: EUR 40,000.00
Registered on: 27.01.2003
Reg. data: 28195 Bremen, HRA 22975
Sylvia Rühmann
Rilkeweg 72
D 28355 Bremen
having sole power of representation
born: 08.02.1962 in Bremen
née: Küspert
Profession: Businessman
Marital status: married
Manager:
Dieter Klein
Gartenkamp 1 OT: Morsum
D 27321 Thedinghausen
having sole power of representation
born: 19.09.1955 in Bremen
Profession: Businessman
Marital status: married
Manager:
Florian Klein
D 27337 Blender
authorized to jointly represent the company
born: 14.01.1981
27.01.1976 - 1985 TRAFIK Bremen Transportgeräte
Handelsgesellschaft mbH
Heerenholz 4
D 28307 Bremen
Private limited company
1986 - 1996 TRAFIK Bremen Transportgeräte
Handelsgesellschaft mbH
Heinz-Kerneck-Str. 6
D 28307 Bremen
Private limited company
Main industrial sector
46691 Wholesale of industrial trucks and vehicles n.e.c.
Payment experience: within agreed terms
Negative information:We have no negative information at hand.
Balance sheet grade: 1.7 The balance sheet grade ranges from
1.0 to 5.0. It is based on the
following ratios: equity ratio,
liquidity ratio and return on total
capital from the balance sheets
published in the Federal Gazette.
The balance sheet grade forms part
of the Solvency Rating[NG].
Balance sheet year: 2013
Type of ownership: Tenant
Address Von-Thünen-Str. 2
D 28307 Bremen
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 28189 BREMEN
Sort. code: 29070050
BIC: DEUTDEHBXXX
Further banks
BREMER LANDESBANK, 28195 BREMEN
Sort. code: 29050000
BIC: BRLADE22XXX
COMMERZBANK, 28079 BREMEN
Sort. code: 29040090
BIC: COBADEFF290
SPARKASSE BREMEN, 28078 BREMEN
Sort. code: 29050101
BIC: SBREDE22XXX
Turnover: 2013 EUR 13,008,520.00
Profit: 2013 EUR 820,126.00
Equipment: EUR 306,615.00
Ac/ts
receivable:
EUR 242,938.00
Liabilities: EUR 1,163,381.00
Total numbers of
vehicles:
12
- Passenger
cars:
12
Employees:
25
- thereof permanent
staff: 21
- Trainees:
4
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 52.20
Liquidity ratio: 0.38
Return on total capital [%]: 22.30
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 43.75
Liquidity ratio: 0.23
Return on total capital [%]: -2.87
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 47.16
Liquidity ratio: 0.26
Return on total capital [%]: -7.41
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 50.15
Liquidity ratio: 0.50
Return on total capital [%]: 8.07
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: 01.01.2013 - 31.12.2013
ASSETS EUR 3,678,223.01
Fixed assets EUR 373,140.60
Intangible assets EUR 56,456.31
Concessions, licences, rights EUR 56,456.31
Tangible assets EUR 316,684.29
Land / similar rights EUR 2.00
Plant / machinery EUR 10,067.70
Other tangible assets / fixtures and
fittings EUR 306,614.59
Current assets EUR 3,291,353.97
Stocks EUR 2,523,106.87
Finished goods / work in progress EUR
2,998,064.53
Minus received advance payments for
orders / installments for stocks EUR -474,957.66
Accounts receivable EUR 242,937.90
Trade debtors EUR 220,056.34
Other debtors and assets EUR 22,881.56
Liquid means EUR 525,309.20
Remaining other assets EUR 13,728.44
Accruals (assets) EUR 13,728.44
LIABILITIES EUR 3,678,223.01
Shareholders' equity EUR 1,920,206.49
Capital EUR 120,000.00
Subscribed capital (share capital) EUR 120,000.00
Reserves EUR 600,000.00
Retained earnings / revenue reserves
EUR 600,000.00
Balance sheet profit/loss (+/-) EUR 1,200,206.49
Balance sheet profit / loss EUR 1,200,206.49
Provisions EUR 594,636.00
Provisions for taxes EUR 143,079.00
Other / unspecified provisions EUR 451,557.00
Liabilities EUR 1,163,380.52
Financial debts EUR 500,000.00
Liabilities due to banks EUR 500,000.00
Other liabilities EUR 663,380.52
Trade creditors (for IAS incl. bills
of exchange) EUR 603,556.98
Unspecified other liabilities EUR 59,823.54
thereof liabilities from tax /
financial authorities EUR 13,422.09
thereof liabilities from social
security EUR 1,410.80
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 13,008,520.10
Other operating income EUR 131,638.41
Cost of materials EUR 8,977,324.30
Raw materials and supplies, purchased
goods EUR 8,337,152.52
Purchased services EUR 640,171.78
Gross result (+/-) EUR 4,162,834.21
Staff expenses EUR 2,053,017.95
Wages and salaries EUR 1,818,557.89
Social security contributions and
expenses for pension plans and
benefits EUR 234,460.06
Total depreciation EUR 116,236.56
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 116,236.56
Other operating expenses EUR 740,743.68
Operating result from continuing
operations EUR 1,252,836.02
Interest result (+/-) EUR -22,455.48
Interest and similar income EUR 1,627.00
Interest and similar expenses EUR 24,082.48
Financial result (+/-) EUR -22,455.48
Result from ordinary operations (+/-) EUR
1,230,380.54
Income tax / refund of income tax
(+/-)EUR -378,813.53
Other taxes / refund of taxes EUR -31,441.29
Tax (+/-) EUR -410,254.82
Annual surplus / annual deficit EUR 820,125.72
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 3,492,829.34
Fixed assets EUR 303,450.68
Intangible assets EUR 77,915.57
Other / unspecified intangible
assetsEUR 77,915.57
Tangible assets EUR 225,535.11
Other / unspecified tangible assets EUR
225,535.11
Current assets EUR 3,179,342.12
Stocks EUR 2,463,693.27
Accounts receivable EUR 272,518.97
Other debtors and assets EUR 272,518.97
Liquid means EUR 443,129.88
Remaining other assets EUR 10,036.54
Accruals (assets) EUR 10,036.54
LIABILITIES EUR 3,492,829.34
Shareholders' equity EUR 1,550,080.77
Capital EUR 120,000.00
Subscribed capital (share capital) EUR 120,000.00
Reserves EUR 600,000.00
Retained earnings / revenue reserves
EUR 600,000.00
Balance sheet profit/loss (+/-) EUR 830,080.77
Balance sheet profit / loss EUR 830,080.77
Provisions EUR 331,662.00
Liabilities EUR 1,611,086.57
Other liabilities EUR 1,611,086.57
Unspecified other liabilities EUR 1,611,086.57
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.74 |
|
|
1 |
Rs.98.77 |
|
Euro |
1 |
Rs.80.52 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
PDT |
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 |
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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 |
|
|
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 |
-- |
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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.