|
Report Date : |
27.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
BRAUN
GMBH & CO. KG. |
|
|
|
|
Registered Office : |
Industriestr.
10 D 55606 Kirn Post Box: 61 |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2012 |
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|
|
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Date of Incorporation : |
27.07.1887 |
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|
|
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Legal Form : |
Ltd Partnership |
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|
|
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Line of Business : |
Subject is engaged in Processing of leather (except manufacture of leather apparel) |
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|
|
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No. of Employees : |
34 |
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 |
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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 |
BRAUN GMBH & CO. KG.
Company Status: active
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
Business relations are permissible.
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 200,000.00
Limited partner:
Christiane Brunk
Mittelbollenbacher Str.
25
D 55743 Idar-Oberstein
born: 24.01.1964
née: Braun
Share: EUR 102,000.00
Limited partner:
JECO Pte Ltd.
Outram Road 9
SGP Singapore
Legal form: Other legal
form
Share: EUR 98,000.00
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 12,750.00
Shareholder:
JECO Pte Ltd.
Outram Road 9
SGP Singapore
Legal form: Other legal
form
Share: EUR 12,250.00
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:
Frank Röblitz
D 55606 Kirn
authorized to jointly
represent the company
born: 29.09.1957
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
Main industrial sector
15120
Processing of leather (except manufacture of leather apparel)
Payment
experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
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.
Principal bank
SPARKASSE RHEIN-NAHE, 55606 KIRN, NAHE
Sort. code: 56050180
BIC: MALADE51KRE
Turnover: 2012 EUR 6,500,000.00
2013 EUR 6,210,000.00
further business figures:
Equipment: *EUR 340,000.00
Ac/ts receivable: EUR 1,142,233.00
Liabilities: EUR 4,408,894.00
Employees:
34
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2012 -
31.12.2012
Equity ratio [%]: 35.87
Liquidity ratio: 1.14
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
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: 01.01.2012
- 31.12.2012
ASSETS EUR 6,308,139.90
Fixed assets EUR 1,111,976.80
Intangible assets EUR 245,729.13
Other / unspecified
intangible assetsEUR
245,729.13
Tangible assets EUR 835,412.90
Other / unspecified tangible
assets EUR 835,412.90
Financial assets EUR 30,834.77
Other / unspecified
financial assets EUR
30,834.77
Current assets EUR 3,313,087.08
Stocks EUR 2,089,566.50
Other / unspecified
stocks EUR 2,089,566.50
Accounts receivable EUR 1,142,233.28
Other debtors and
assets EUR 1,142,233.28
Liquid means EUR 81,287.30
Remaining other
assets EUR 1,883,076.02
Accruals (assets) EUR 15,694.04
Deficit not covered by
shareholders'
equity EUR 1,867,381.98
LIABILITIES EUR 6,308,139.90
Shareholders' equity EUR 200,000.00
Capital EUR 200,000.00
Limited partner's capital / capital
of partially liable
partner (LP) EUR 200,000.00
Limited partner's capital, fixed
capital, capital
account I EUR 200,000.00
Provisions EUR 295,806.52
Other / unspecified
provisions EUR 295,806.52
Liabilities EUR 4,408,894.45
Other liabilities EUR 4,408,894.45
Unspecified other
liabilities EUR 4,408,894.45
Other liabilities EUR 1,403,438.93
Deferrals
(liabilities) EUR 1,403,438.93
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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.24 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.77.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIS |
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.