|
Report Date : |
08.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
BENZLER ANTRIEBSTECHNIK GMBH |
|
|
|
|
Registered Office : |
Schwannstr. 6, D
40476 Düsseldorf |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.03.2012 |
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|
|
|
Date of Incorporation : |
1986 |
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|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
·
Manufacture
of engines and turbines (except aircraft, vehicle and cycle engines) ·
Manufacture
of bearings, gears, gearing and driving elements ·
Agents
involved in the sale of machines (except agricultural machinery and office
machinery) and industrial supplies ·
Engineering
activities in the field of technical overall planning |
|
|
|
|
No of Employees : |
3 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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, 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 |
BENZLER ANTRIEBSTECHNIK GMBH
Company Status:
active
Schwannstr. 6
D 40476 Düsseldorf
Telephone:0800/3504000
Telefax:
0800/3504001
Homepage: www.benzlers.com
E-mail:
mail@benzlers.com
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1986
Shareholders'
agreement: 01.11.1986
Registered on: 29.05.2009
Commercial Register: Local court 40227
Düsseldorf
under: HRB 61122
Share capital: EUR 102,258.38
Shareholder:
Aktiebolaget Benzlers
S Helsingborg
Legal form: Other legal
form
Share: EUR 102,258.38
Manager:
Mark A. Cooper
S Helsingborg
having sole power of
representation
born: 15.03.1961
Nationality: Swedish
Manager:
Prashant Chandrakant Amin
IND Vallabh Vidyanagar
having sole power of
representation
born: 09.08.1956
Nationality: Indian
Proxy:
Rolf Hakan Nidsjö
S Klippan
having sole power of
representation
born: 29.03.1952
Nationality: Swedish
29.05.1995 - 05.03.1997 Benzler Antriebstechnik GmbH
Siemensring 78a
D 47877 Willich
Private limited
company
05.03.1997
- 28.02.2001 Benzler Antriebstechnik
GmbH
Kränkelsweg 24
D 41748 Viersen
Private limited company
01.03.2001 - 27.06.2006 Benzler Antriebstechnik GmbH
Willy-Brandt-Ring 56
D 41747 Viersen
Private limited
company
28.06.2006
- 09.10.2006 Benzler Antriebstechnik
GmbH
Kautexstr. 52
D 53229 Bonn
Private limited company
09.10.2006 - 29.05.2009 Benzler Antriebstechnik GmbH (bis
29.05.2009)
Kautexstr. 52
D 53229 Bonn
Private limited
company
Sectors
28110
Manufacture of engines and turbines (except aircraft, vehicle and cycle
engines)
28150 Manufacture of bearings, gears, gearing and
driving elements
46141 Agents involved in the sale of machines
(except agricultural machinery and office machinery) and industrial supplies
n.e.c.
71121 Engineering activities in the field of
technical overall planning
Branch:
Benzler Antriebstechnik
GmbH
Jachthavenweg 2
NL 5928 Venlo
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Schwannstr. 6
D 40476 Düsseldorf
Land register documents were not available.
SVENSKA HANDELSBANKEN DEUTSCHLAND, 60598
FRANKFURT AM MAIN
Sort. code: 51420600
BIC: HANDDEFFXXX
Turnover: 2011/2012 EUR 850,000.00
2012/2013
EUR 810,000.00
Profit: 2011/2012 EUR 141,336.00
2012/2013
EUR 87,008.00
further business figures:
Equipment: *EUR 23,000.00
Ac/ts receivable: EUR
251,199.00
Liabilities: EUR 218,882.00
Employees: 3
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
Balance sheet ratios 01.04.2012 - 31.03.2013
Equity ratio [%]: 60.00
Liquidity ratio: 10.00
Return on total capital [%]: 19.47
Balance sheet ratios 01.04.2011 - 31.03.2012
Equity ratio [%]: 73.32
Liquidity ratio: 10.00
Return on total capital [%]: 23.82
Balance sheet ratios 01.01.2011 - 31.03.2011
Equity ratio [%]: 78.89
Liquidity ratio: 10.00
Return on total capital [%]: 18.39
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 82.89
Liquidity ratio: 10.00
Return on total capital [%]: 21.20
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: 01.04.2012 - 31.03.2013
ASSETS EUR 799,521.53
Fixed assets EUR 352,656.07
Financial assets EUR 352,656.07
Other / unspecified financial assets
EUR 352,656.07
Current assets EUR 445,841.86
Accounts receivable EUR 251,198.50
Liquid means EUR 194,643.36
Remaining other assets EUR 1,023.60
Accruals (assets) EUR 1,023.60
LIABILITIES EUR 799,521.53
Shareholders' equity EUR 547,821.98
Capital EUR 102,258.38
Subscribed capital (share capital) EUR 102,258.38
Balance sheet profit/loss (+/-) EUR 445,563.60
Profit / loss brought forward EUR 358,555.17
Annual surplus / annual deficit EUR 87,008.43
Provisions EUR 32,817.64
Liabilities EUR 218,881.91
Type of balance
sheet: Company balance sheet
Financial year: 01.04.2011 - 31.03.2012
ASSETS EUR 766,630.82
Fixed assets EUR 173,233.79
Financial assets EUR 173,233.79
Other / unspecified financial assets
EUR 173,233.79
Current assets EUR 593,397.03
Accounts receivable EUR 316,280.95
Other debtors and assets EUR 316,280.95
Liquid means EUR 277,116.08
LIABILITIES EUR 766,630.82
Shareholders' equity EUR 460,813.55
Capital EUR 102,258.38
Subscribed capital (share capital) EUR 102,258.38
Balance sheet profit/loss (+/-) EUR 358,555.17
Profit / loss brought forward EUR 217,219.44
Annual surplus / annual deficit EUR 141,335.73
Provisions EUR 68,907.27
Liabilities EUR 236,910.00
Other liabilities EUR 236,910.00
Unspecified other liabilities
EUR 236,910.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
|
1 |
Rs.97.39 |
|
Euro |
1 |
Rs76.15 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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.