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Report Date : |
17.09.2014 |
IDENTIFICATION DETAILS
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Name : |
BÖHNKE & LUCKAU GMBH |
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|
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Registered Office : |
Am Schreiberteich 12, D 38855
Wernigerode |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
01.10.1997 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of Metal Structures and
Parts of Structures |
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No of Employees : |
27 |
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 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 |
BÖHNKE & LUCKAU GMBH
Company Status: active
Am Schreiberteich 12
D 38855 Wernigerode
Telephone:03943/602545
Telefax: 03943/602522
Homepage:
www.boehnke-luckau.de
E-mail:
info@boehnke-luckau.de
VAT no.: DE813805552
Tax ID number: 109/105/02021
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.10.1997
Shareholders'
agreement: 04.08.2003
Registered on: 23.10.2003
Commercial Register: Local court 39576 Stendal
under: HRB
113990
Share capital: EUR 25,000.00
Shareholder:
Henry Luckau
Schloßblick 4
D 38855 Wernigerode
born: 22.12.1967
Share: EUR 18,750.00
Shareholder:
Norbert Böhnke
Hüttenstr. 28
D 38667 Bad Harzburg
born: 26.04.1955
Share: EUR 6,250.00
Manager:
Henry Luckau
Schloßblick 4
D 38855 Wernigerode
having sole power of
representation
born: 22.12.1967
Marital status: married
21.11.2003 - 09.01.2013 Manager
Norbert Böhnke
D 38667 Bad Harzburg
Main industrial sector
2511
Manufacture of metal structures and parts of structures
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Am
Schreiberteich 12
D 38855 Wernigerode
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, 38855
WERNIGERODE
Sort. code: 80080000
BIC: DRESDEFF800
Turnover: 2013 *EUR 2,625,000.00
Profit: 2012 EUR 67,429.00
2013
EUR 17,986.00
further business figures:
Equipment: *EUR
275,000.00
Ac/ts receivable: EUR 679,272.00
Liabilities: EUR 1,143,758.00
Total numbers of vehicles: 3
- Passenger cars: 3
Employees:
27
- Trainees:
2
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 23.86
Liquidity ratio: 1.59
Return on total capital [%]: 0.79
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 29.68
Liquidity ratio: 1.45
Return on total capital [%]: 3.80
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 33.84
Liquidity
ratio: 0.63
Return on total capital [%]: 3.04
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: 01.01.2013 - 31.12.2013
ASSETS EUR 2,290,668.59
Fixed assets
EUR 517,523.50
Intangible assets EUR 6,765.50
Tangible assets
EUR 510,458.00
Financial assets
EUR 300.00
Current assets
EUR 1,742,604.03
Stocks EUR 380,000.00
Accounts receivable
EUR 679,271.62
Liquid means
EUR 683,332.41
Remaining other assets
EUR 30,541.06
Accruals
(assets) EUR 30,541.06
LIABILITIES EUR 2,290,668.59
Shareholders' equity
EUR 517,071.13
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 92,230.00
Capital reserves
EUR 92,230.00
Balance sheet profit/loss (+/-)
EUR 399,841.13
Profit / loss brought forward
EUR 381,855.56
Annual surplus / annual deficit
EUR 17,985.57
Items between shareholders' equity and
debt capital
EUR 600,000.00
Other / unspecified items between
shareholders' equity and debt capital EUR 600,000.00
Provisions
EUR 29,839.90
Liabilities
EUR 1,143,757.56
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 1,777,842.21
Fixed assets
EUR 561,574.50
Intangible assets
EUR 9,586.50
Tangible assets
EUR 551,688.00
Financial assets
EUR 300.00
Current assets
EUR 1,191,706.06
Accounts receivable
EUR 881,099.88
Liquid means
EUR 310,606.18
Remaining other assets
EUR 24,561.65
Accruals (assets)
EUR 24,561.65
LIABILITIES EUR 1,777,842.21
Shareholders' equity
EUR 499,085.56
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 92,230.00
Capital reserves
EUR 92,230.00
Balance sheet profit/loss (+/-)
EUR 381,855.56
Profit / loss brought forward EUR 314,426.90
Annual surplus / annual deficit
EUR 67,428.66
Items between shareholders' equity and
debt capital
EUR 300,000.00
Provisions
EUR 27,237.42
Liabilities
EUR 951,519.23
Inconsistent balance sheets:
Financial year published on
01.01.2010 - 31.12.2010 22.06.2011
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.10 |
|
|
1 |
Rs.99.05 |
|
Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.