MIRA INFORM REPORT

 

 

Report Date :

16.09.2014

 

IDENTIFICATION DETAILS

 

Name :

BRAUNFORM GMBH

 

 

Registered Office :

Unter Gereuth 7 + 14, D 79353 Bahlingen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

28.04.1977

 

 

Com. Reg. No.:

HRB 270086

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Tools

 

 

No of Employees :

298

 

 

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 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate 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

 

Comapny Name and Address

 

Braunform GmbH

 

          Company Status:      active

                      Unter Gereuth 7 + 14

                      D 79353 Bahlingen

                      Telephone:07663/9320-0

                      Telefax:  07663/9320-139

                      Homepage: www.braunform.com

                      E-mail:   info@braunform.com

 

 

VAT no.         

 

DE811179799

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Comapny Summary

 

 LEGAL FORM              Private limited company

 Date of foundation:        1977

 Shareholders'

 agreement:                   01.04.1977

 Registered on:              28.04.1977

 Commercial Register:    Local court 79098 Freiburg

 under:                                      HRB 270086

 

 

Share capital                          

 

EUR            520,000.00

 

 

Shareholder

                      Erich Braun

                      Im Speicher 30

                      D 79353 Bahlingen

                      born: 20.04.1945

                      Share:             EUR            390,000.00

 Shareholder:

                      Elke Braun

                      Im Speicher 30

                      D 79353 Bahlingen

                      Share:             EUR            130,000.00

 Manager:

                      Erich Braun

                      Im Speicher 30

                      D 79353 Bahlingen

                      having sole power of representation

                      born: 20.04.1945

                      Profession: Master toolmaker

                      Marital status: married

 Manager:

                      Pamela Braun

                      Im Speicher 30

                      D 79353 Bahlingen

                      born: 16.04.1971

                      Profession: Management expert

 Proxy:

                      Elke Braun

                      Im Speicher 30

                      D 79353 Bahlingen

                      Profession: Businessman

                      Marital status: married

 Proxy:

                      Eckard Herb

                      Marienstr. 9

                      D 79346 Endingen

                      authorized to jointly represent the company

                      born: 01.10.1952

                      Marital status: married

 Proxy:

                      Klaus Bühler

                      Teninger Str. 38

                      D 79353 Bahlingen

                      authorized to jointly represent the company

                      born: 15.10.1964

 Proxy:

                      Oliver Bornhäuser

                      D 79359 Riegel

                      authorized to jointly represent the company

                      born: 02.12.1969

 Proxy:

                      Emmanuel Foyer

                      F  Selestat

                      authorized to jointly represent the company

                      born: 07.04.1972

                      Nationality: French

 

 Further functions/participations of Erich Braun (Manager)

 Limited partner:

                      Braun GmbH & Co. KG

                      Unter Gereuth 7

                      D 79353 Bahlingen

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR            100,000.00

                      contribution:

                      Share:             EUR             51,000.00

                      Registered

                      on:         10.10.2005

                      Reg. data:  79098 Freiburg, HRA 270462

 Manager:

                      Braun Beteiligungs GmbH

                      Unter Gereuth 7

                      D 79353 Bahlingen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         06.10.2005

                      Reg. data:  79098 Freiburg, HRB 270815

 

 Further functions/participations of Pamela Braun (Manager)

 Limited partner:

                      Braun GmbH & Co. KG

                      Unter Gereuth 7

                      D 79353 Bahlingen

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR            100,000.00

                      contribution:

                      Share:             EUR             49,000.00

                      Registered

                      on:         10.10.2005

                      Reg. data:  79098 Freiburg, HRA 270462

 Manager:

                      Braun Beteiligungs GmbH

                      Unter Gereuth 7

                      D 79353 Bahlingen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         06.10.2005

                      Reg. data:  79098 Freiburg, HRB 270815

 

 

COMPANY HISTORY

 

 28.04.1977 - 29.12.1995  Braun & Keller GmbH Präzisionsformenbau

                          D 79353 Bahlingen

                          Private limited company

 30.12.1995 - 06.10.2005  Braun Formenbau GmbH

                          Unter Gereuth 14

                          D 79353 Bahlingen

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

2573     Manufacture of tools

28990   Manufacture of other special-purpose machinery n.e.c.

46692   Wholesale of other machinery

4674     Wholesale of hardware, plumbing and heating equipment and supplies

 

 

FINANCIAL INFORMATION

 

Payment experience:  cash discount/within agreed terms

 

Negative information:We have no negative information at hand.

 

Balance sheet year:  2012

 

 

REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Unter Gereuth 7 + 14

                                    D 79353 Bahlingen

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 SPARKASSE FREIBURG-NÖRDLICHER BREISGAU, 79098 FREIBURG IM

 BREISGAU

 Sort. code: 68050101

 BIC: FRSPDE66XXX

 

 Further bank

 DEUTSCHE BANK, 79004 FREIBURG IM BREISGAU

 Sort. code: 68070030

 BIC: DEUTDE6FXXX

 

 

FINANCIAL FIGURES

 

 Gross profit or loss:2012               EUR         24,514,643.00

                      2013               EUR         24,000,000.00

 Profit:              2012               EUR          2,340,829.00

 further business figures:

 Equipment:                              EUR          2,041,205.00

 Ac/ts receivable:                       EUR          6,290,928.00

 Liabilities:                            EUR          4,043,201.00

 Employees:                                                    298

 - thereof permanent staff:                                    261

 - Trainees:                                                    37

 

 

BALANCE SHEETS

 

 Balance sheet ratios     01.01.2012 - 31.12.2012

 Equity ratio [%]:                        61.24

 Liquidity ratio:                           1.60

 Return on total capital [%]:        13.09

 

 Balance sheet ratios     01.01.2011 - 31.12.2011

 Equity ratio [%]:                        50.71

 Liquidity ratio:                           1.29

 Return on total capital [%]:        6.11

 

 Balance sheet ratios     01.01.2010 - 31.12.2010

 Equity ratio [%]:                        58.41

 Liquidity ratio:                           2.46

 Return on total capital [%]:       6.55

 

 Balance sheet ratios     01.01.2009 - 31.12.2009

 Equity ratio [%]:                        49.80

 Liquidity ratio:                           1.76

 Return on total capital [%]:       6.34

 

 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.

 

 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         18,080,256.61

  Fixed assets                           EUR          8,719,562.22

   Intangible assets                     EUR            390,029.50

   Tangible assets                       EUR          8,329,532.72

    Land / similar rights                EUR            386,335.35

    Plant / machinery                    EUR          5,901,992.70

    Other tangible assets / fixtures and

    fittings                             EUR          2,041,204.67

  Current assets                         EUR          9,301,185.17

   Stocks                                EUR          2,901,940.81

   Accounts receivable                   EUR          6,290,927.91

    Amounts due from investee companies  EUR          3,057,030.74

    Other debtors and assets             EUR          3,233,897.17

   Liquid means                          EUR            108,316.45

  Remaining other assets                 EUR             59,509.22

   Accruals (assets)                     EUR             59,509.22

 

 LIABILITIES                             EUR         18,080,256.61

  Shareholders' equity                   EUR         11,147,176.23

   Capital                               EUR            520,000.00

    Subscribed capital (share capital)   EUR            520,000.00

   Reserves                              EUR            393,694.75

    Retained earnings / revenue reserves EUR            393,694.75

   Balance sheet profit/loss (+/-)       EUR         10,233,481.48

    Balance sheet profit / loss          EUR         10,233,481.48

  Provisions                             EUR          2,889,879.41

  Liabilities                            EUR          4,043,200.97

   Financial debts                       EUR          2,255,859.02

    Liabilities due to banks             EUR          2,255,859.02

   Other liabilities                     EUR          1,787,341.95

    Unspecified other liabilities        EUR          1,787,341.95

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR         24,514,643.18

  Staff expenses                         EUR         14,100,229.39

   Wages and salaries                    EUR         11,465,027.43

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          2,635,201.96

  Total depreciation                     EUR          2,073,475.92

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          2,073,475.92

  Other operating expenses               EUR          5,084,466.40

  Operating result from continuing

  operations                             EUR          3,256,471.47

  Interest result (+/-)                  EUR            -50,700.69

   Interest and similar income           EUR            200,050.41

    thereof from related companies       EUR            125,682.03

   Interest and similar expenses         EUR            250,751.10

  Financial result (+/-)                 EUR            -50,700.69

  Result from ordinary operations (+/-)  EUR          3,205,770.78

  Income tax / refund of income tax (+/-)EUR           -859,505.04

  Other taxes / refund of taxes          EUR             -5,437.00

  Tax (+/-)                              EUR           -864,942.04

  Annual surplus / annual deficit        EUR          2,340,828.74

 

 Type of balance sheet:                   Company balance sheet

 

 Financial year:                          01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR         17,240,673.94

  Fixed assets                           EUR          7,282,880.82

   Intangible assets                     EUR            255,216.27

    Other / unspecified intangible assetsEUR            255,216.27

   Tangible assets                       EUR          7,027,664.55

    Land / similar rights                EUR             64,231.97

    Plant / machinery                    EUR          5,005,822.62

    Other tangible assets / fixtures and

    fittings                             EUR          1,957,609.96

  Current assets                         EUR          9,898,982.78

   Stocks                                EUR          2,391,990.10

   Accounts receivable                   EUR          7,503,848.26

    Amounts due from investee companies  EUR          2,398,393.25

    Other debtors and assets             EUR          5,105,455.01

   Liquid means                          EUR              3,144.42

  Remaining other assets                 EUR             58,810.34

   Accruals (assets)                     EUR             58,810.34

 

 LIABILITIES                             EUR         17,240,673.94

  Shareholders' equity                   EUR          8,806,347.49

   Capital                               EUR            520,000.00

    Subscribed capital (share capital)   EUR            520,000.00

   Reserves                              EUR            393,694.75

    Retained earnings / revenue reserves EUR            393,694.75

   Balance sheet profit/loss (+/-)       EUR          7,892,652.74

    Balance sheet profit / loss          EUR          7,892,652.74

  Provisions                             EUR          2,593,685.63

  Liabilities                            EUR          5,840,640.82

   Financial debts                       EUR          4,226,552.26

    Liabilities due to banks             EUR          4,226,552.26

   Other liabilities                     EUR          1,614,088.56

    Liabililties due to related companiesEUR            156,246.81

    Unspecified other liabilities        EUR          1,457,841.75

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR         20,833,811.17

  Staff expenses                         EUR         12,876,544.31

   Wages and salaries                    EUR         10,478,890.46

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          2,397,653.85

  Total depreciation                     EUR          1,769,453.41

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          1,769,453.41

  Other operating expenses               EUR          4,675,727.62

  Operating result from continuing

  operations                             EUR          1,512,085.83

  Interest result (+/-)                  EUR            -62,251.57

   Interest and similar income           EUR            209,085.49

    thereof from related companies       EUR            149,273.79

   Interest and similar expenses         EUR            271,337.06

  Financial result (+/-)                 EUR            -62,251.57

  Result from ordinary operations (+/-)  EUR          1,449,834.26

  Income tax / refund of income tax (+/-)EUR           -398,855.28

  Other taxes / refund of taxes          EUR             -5,242.00

  Tax (+/-)                              EUR           -404,097.28

  Annual surplus / annual deficit        EUR          1,045,736.98

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.99

UK Pound

1

Rs.99.10

Euro

1

Rs.79.03 

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.