MIRA INFORM REPORT

 

 

 

 

Report Date :

18.10.2014

 

IDENTIFICATION DETAILS

 

Name :

BRAUN GMBH & CO. KG

 

 

Registered Office :

Industriestr. 10, D 55606 Kirn, Post Box 61

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

27.07.1887

 

 

Com. Reg. No.:

HRA 2192

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Processing of leather (except manufacture of leather apparel)

 

 

No. of Employees :

34

 

 

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 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

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, contributed to strong growth in 2006 and 2007 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 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. 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. 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 energy and 46% of its base-load electrical production.

 

 

Source : CIA

 

 

 

CompANY NAME 

 

Braun GmbH & Co. KG

 

 

Company address

 

Industriestr. 10

D 55606 Kirn

Post Box: 61

Telephone:06752/93330

Telefax:  06752/933333

Homepage: www.braun-bueffel.de

E-mail:   info@braun-bueffel.de

 

 

VAT no.

 

DE175275555

 

 

Company Status

 

active

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

general partner

Date of foundation:        27.07.1887

Registered on:               01.01.1959

Register of

companies:                   Local court 55543 Bad Kreuznach

under:                                       HRA 2192

Total cap. contribution:   EUR            100,000.00

 

Limited partner

 

Karl-Heinrich Braun

Josef-Görres-Str. 64

D 55606 Kirn

born: 10.01.1939

Share:             EUR             51,000.00

 

Limited partner:

                      Liesel Braun

                      Josef-Görres-Str. 64

                      D 55606 Kirn

                      born: 15.12.1945

                      née: Scheppler

                      Share:             EUR             25,000.00

 Limited partner:

                      Christiane Brunk

                      Mittelbollenbacher Str. 25

                      D 55743 Idar-Oberstein

                      born: 24.01.1964

                      née: Braun

                      Share:             EUR             24,000.00

 

 

General partner

 

Braun Verwaltungs-GmbH

Industriestr. 10

D 55606 Kirn

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on: 20.02.2001

Reg. data: 55543 Bad Kreuznach, HRB 4226

 

 

Shareholder

 

Christiane Brunk

Mittelbollenbacher Str. 25

D 55743 Idar-Oberstein

born: 24.01.1964

née: Braun

Share:             EUR             24,500.00

Shareholder:

                      Karl-Heinrich Braun

                      Josef-Görres-Str. 64

                      D 55606 Kirn

                      born: 10.01.1939

                      Share:             EUR                500.00

 

 

Manager

 

Christiane Brunk

Mittelbollenbacher Str. 25

D 55743 Idar-Oberstein

having sole power of representation

born: 24.01.1964

née: Braun

Marital status: married

 

 

Proxy

 

Wolfgang Menten

D 56859 Alf

authorized to jointly represent the company

born: 12.01.1951

 

 

COMPANY HISTORY

 

 01.01.1959 - 30.06.1983  Johann Braun KG Fabrik feiner

                          Kleinlederwaren

                          Halmerweg 13

                          D 55606 Kirn

                          Limited partnership

 30.06.1983 - 21.03.2001  Johann Braun

                          Industriestr. 10

                          D 55606 Kirn

                          Sole proprietorship

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

15120   Processing of leather (except manufacture of leather apparel)

 

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

Negative information:    We have no negative information at hand.

Balance sheet year:       2011

 

 

REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Industriestr.10

                                    D 55606 Kirn

 

 Real Estate of:             Braun Verwaltungs-GmbH

 Type of ownership:       Tenant

 Address                         Industriestr.10

                                    D 55606 Kirn

 

 Land register documents were not available.

 

 

BANKERS

 

 SPARKASSE RHEIN-NAHE, KIRN, NAHE

 Sort. code: 56050180, BIC: MALADE51KRE

 

 

FINANCIAL FIGURES

 

 Turnover:            2011               EUR          6,500,000.00

                      2012               EUR          6,500,000.00

 further business figures:

 Equipment:                              EUR            340,000.00

 Ac/ts receivable:                       EUR          1,370,787.00

 Liabilities:                            EUR          4,106,365.00

 Employees:                                                     34

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                -41.92

 Liquidity ratio:                   0.34

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                -31.72

 Liquidity ratio:                   0.35

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 -3.92

 Liquidity ratio:                   0.62

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 -8.57

 Liquidity ratio:                   0.34

 

 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.

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR          6,044,179.31

  Fixed assets                           EUR          1,161,740.04

   Intangible assets                     EUR            306,288.69

   Tangible assets                       EUR            814,972.91

   Financial assets                      EUR             40,478.44

  Current assets                         EUR          3,191,537.85

   Stocks                                EUR          1,789,118.45

   Accounts receivable                   EUR          1,370,786.88

   Liquid means                          EUR             31,632.52

  Remaining other assets                 EUR          1,690,901.42

   Accruals (assets)                     EUR             24,927.06

   Deficit not covered by shareholders'

   equity                                EUR          1,665,974.36

 

 LIABILITIES                             EUR          6,044,179.31

  Shareholders' equity                   EUR             48,000.00

   Capital                               EUR             48,000.00

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR             48,000.00

     Limited partner's  capital, fixed

     capital, capital account I          EUR            200,000.00

     - not yet paid-up capital (capital

     of partially limited partner)       EUR            152,000.00

  Provisions                             EUR            399,794.36

  Liabilities                            EUR          4,106,365.19

  Other liabilities                      EUR          1,490,019.76

   Deferrals (liabilities)               EUR          1,490,019.76

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR          5,880,538.38

  Outstanding capital                    EUR            164,000.00

   Outstanding contributions             EUR            164,000.00

  Fixed assets                           EUR          1,313,151.95

   Intangible assets                     EUR            412,899.53

   Tangible assets                       EUR            824,720.64

   Financial assets                      EUR             75,531.78

  Current assets                         EUR          3,334,037.66

   Stocks                                EUR          1,864,660.06

   Accounts receivable                   EUR          1,400,858.29

   Liquid means                          EUR             68,519.31

  Remaining other assets                 EUR          1,069,348.77

   Accruals (assets)                     EUR             23,646.26

   Deficit not covered by shareholders'

   equity                                EUR          1,045,702.51

 

 LIABILITIES                             EUR          5,880,538.38

  Provisions                             EUR            207,227.58

  Liabilities                            EUR          4,096,710.20

  Other liabilities                      EUR          1,576,600.60

   Deferrals (liabilities)               EUR          1,576,600.60

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.34

UK Pound

1

Rs.82.56

Euro

1

Rs.70.10

 

 

 

INFORMATION DETAILS

 

Report Prepared by :

TPT

 

 

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