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Report Date : |
02.09.2014 |
IDENTIFICATION DETAILS
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Name : |
F.W.
BRÜGELMANN SÖHNE GMBH & CO. KG |
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Registered Office : |
Brügelmannstr.
16-18 D 50679 Köln |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
17.04.1962 |
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Legal Form : |
Ltd
partnership |
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Line of Business : |
·
Wholesale
of textiles ·
Renting
of own or leased residential estate, buildings and apartments |
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No. of Employees |
30 |
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 |
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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 – 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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
F.W. BRÜGELMANN SÖHNE GMBH &
CO. KG
Company Status: active
Brügelmannstr. 16-18
D 50679 Köln
Telephone:0221/8271-330
Telefax: 0221/8271-234
Homepage: www.bos-textilien.de
E-mail: info@bos-textilien.de
VAT no.: DE122645960
Tax ID number: 214/5765/0888
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 1820
Registered on: 17.04.1962
Register of
companies: Local court 50939 Köln
under: HRA 721
Total cap. contribution: EUR 818,067.00
Limited partner:
Helmut Brügelmann
Ringelnatzstr. 2
D 50996 Köln
born: 27.10.1952
Share: EUR 409,033.50
Limited partner:
Thomas Martin Brügelmann
GB - -
born: 23.11.1955
Share: EUR 139,071.39
Limited partner:
Dr. Jan William
BRügelmann
Parkstr. 27-31
D 50968 Köln
born: 14.01.1954
Share: EUR 139,071.39
Limited partner:
Jennifer Brügelmann
D 50667 Köln
born: 05.01.1933
Share: EUR 130,890.72
General partner:
Brügelmann Verwaltung
GmbH
Brügelmannstr. 16-18
D 50679 Köln
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered on: 30.07.1993
Reg. data: 50939 Köln,
HRB 24045
Shareholder:
Helmut Brügelmann
Ringelnatzstr. 2
D 50996 Köln
born: 27.10.1952
Share: EUR 12,782.30
Shareholder:
Thomas Martin Brügelmann
GB - -
born: 23.11.1955
Share: EUR 4,345.98
Shareholder:
Dr. Jan William
BRügelmann
Parkstr. 27-31
D 50968 Köln
born: 14.01.1954
Share: EUR 4,345.98
Shareholder:
Jennifer Brügelmann
D 50667 Köln
born: 05.01.1933
Share: EUR 4,090.34
Manager:
Helmut Brügelmann
Ringelnatzstr. 2
D 50996 Köln
authorized to jointly
represent the company
born: 27.10.1952
Profession: Businessman
Marital status: married
Manager:
Dr. Jan William
BRügelmann
Parkstr. 27-31
D 50968 Köln
born: 14.01.1954
Profession: Journalist
Marital status: unknown
Proxy:
Thomas Martin Brügelmann
GB - -
having sole power of
representation
born: 23.11.1955
Proxy:
Gerd Broich
D 50189 Elsdorf
having sole power of
representation
Profession: Fully
qualified management
expert
Marital status: married
Proxy:
Norbert Kindermann
D 50679 Köln
authorized to jointly
represent the company
1862 - 1986 F. W. Brügelmann Söhne oHG
D 50679 Köln
General Partnership
1986 - 14.03.1994 F. W. Brügelmann Söhne
D 50679 Köln
Limited partnership
14.03.1994 - 10.1996 F. W. Brügelmann Söhne GmbH & Co. KG
Wermelskircher Str. 16-18
D 50679 Köln
Ltd partnership with
priv. ltd. company
as general partner
10.1996 - 15.10.2007 F.W. Brügelmann Söhne GmbH & Co. KG
(Straße umbenannt ->
)
Brügelmannstr. 16-18
D 50679 Köln
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
46410
Wholesale of textiles
Secondary industrial sector
68201
Renting of own or leased residential estate, buildings and apartments
Payment
experience: cash discount/within agreed
terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: proprietor
Share: 100.00 %
Address Brügelmannstr. 16-18
D 50679 Köln
Type of real estate: Commercial building
Size: 40,000.00 sq.m
Value at selling price: EUR 30,000,000.00
Land register documents were not available.
BANKERS
Principal bank
KREISSPARKASSE KÖLN, 50461 KÖLN
Sort. code: 37050299
BIC: COKSDE33XXX
Further banks
SPARKASSE KÖLNBONN, 50667 KÖLN
Sort. code: 37050198
BIC: COLSDE33XXX
DEUTSCHE BANK, 50587 KÖLN
Sort. code: 37070060
BIC: DEUTDEDKXXX
Turnover: 2012 EUR 5,250,000.00
2013 *EUR 5,250,000.00
Profit: 2012 EUR 181,451.00
further business figures:
Equipment: EUR 4,555,476.00
Ac/ts receivable: EUR 5,608,852.00
Liabilities: EUR 10,050,506.00
Employees:
30
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 [%]: 11.07
Liquidity ratio: 0.63
Return on total capital
[%]: 1.48
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 29.78
Liquidity ratio: 0.80
Return on total capital
[%]: 4.39
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 29.34
Liquidity ratio: 0.81
Return on total capital
[%]: 4.95
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: 27.91
Liquidity ratio: 0.80
Return on total capital
[%]: 5.68
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: 01.01.2012 - 31.12.2012
ASSETS EUR 12,238,608.26
Fixed assets EUR 4,567,220.76
Intangible assets EUR 11,745.00
Tangible assets EUR
4,555,475.76
Current assets EUR 7,663,214.70
Stocks EUR 861,869.00
Accounts receivable EUR 5,608,852.38
Liquid means EUR 1,192,493.32
Remaining other
assets EUR 8,172.80
Accruals (assets) EUR 8,172.80
LIABILITIES EUR 12,238,608.26
Shareholders' equity EUR 1,359,509.85
Capital EUR 1,178,059.24
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 1,178,059.24
Balance sheet profit/loss
(+/-) EUR 181,450.61
Annual surplus / annual
deficit EUR 181,450.61
Provisions EUR 823,577.00
Liabilities EUR 10,050,505.55
Other liabilities EUR 5,015.86
Deferrals
(liabilities) EUR 5,015.86
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 11,302,774.21
Fixed assets EUR 4,726,589.86
Intangible assets EUR 14,948.00
Other / unspecified
intangible assetsEUR
14,948.00
Tangible assets EUR 4,711,641.86
Other / unspecified
tangible assets EUR 4,711,641.86
Current assets EUR 6,576,184.35
Stocks EUR 994,382.00
Accounts receivable EUR 5,500,488.30
Other debtors and
assets EUR 5,500,488.30
Liquid means EUR 81,314.05
LIABILITIES EUR 11,302,774.21
Shareholders' equity EUR 3,370,809.19
Capital EUR 2,875,469.23
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 2,875,469.23
Balance sheet profit/loss
(+/-) EUR 495,339.96
Annual surplus / annual
deficit EUR 495,339.96
Provisions EUR 895,035.00
Liabilities EUR 6,948,116.04
Other liabilities EUR 6,948,116.04
Unspecified other
liabilities EUR 6,948,116.04
Other liabilities EUR 88,813.98
Deferrals
(liabilities) EUR 88,813.98
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.79.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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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 |
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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 |
|
|
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.