MIRA INFORM REPORT

 

 

Report Date :

26.09.2014

 

IDENTIFICATION DETAILS

 

Name :

B & K FEDERN- UND FAHRZEUGTEILE GMBH

 

 

Registered Office :

Lilienstr. 12, D 69437 Neckargerach

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

16.11.2001

 

 

Com. Reg. No.:

HRB 441682

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Wholesale trade in motor vehicle parts and accessories

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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

 

Company name and address

 

B & K Federn- und Fahrzeugteile GmbH

 

Lilienstr. 12

D 69437 Neckargerach

Telephone:        06263/429825

Telefax:             06263/429824

Homepage:        www.bk-fahrzeugteile.de

E-mail:              info@bk-fahrzeugteile.de

 

 

VAT no            

 

DE218883931

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Company summary

 

 LEGAL FORM                          Private limited company

 Date of foundation:                    16.11.2001

 Shareholders' agreement:          16.11.2001

 Registered on:                          21.12.2001

 Commercial Register:                Local court 68159 Mannheim

 under:                                      HRB 441682

 

 Share capital:                          EUR             25,000.00

 

 

 Shareholder

 

                      Thomas Back

                      Lilienstr. 12

                      D 69437 Neckargerach

                      born: 04.01.1961

                      Share:             EUR             25,000.00

 

 

Manager

 

                      Thomas Back

                      Lilienstr. 12

                      D 69437 Neckargerach

                      having sole power of representation

                      born: 04.01.1961

                      Profession: Businessman

                      Marital status: married

 

 Further functions/participations of Thomas Back (Manager)

 Shareholder:

                      KLF Federn + Fahrzeugteile GmbH

                      Nelkenstr. 4

                      D 74821 Mosbach

                      Legal form: Private limited company

                                  dissolved by official decree

                      Share capital:     EUR             51,129.19

                      Share:             EUR              7,669.38

                      Registered

                      on:         18.04.1994

                      Reg. data:  68159 Mannheim, HRB 441306

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 45310   Wholesale trade in motor vehicle parts and accessories

 

 

 BRANCHES AND FACTORIES

 

 Branch:

                      B & K Federn- und Fahrzeugteile GmbH

                      Zwingenburgstr. 26

                      D 74821 Mosbach

                      TEL.: 06261/670450

 Branch:

                      B & K Federn- und Fahrzeugteile GmbH

                      Cal. Radnei Nr.203

                      RO 310316 Arad

 

 

 

FINANCIAL INFORMATION

 

 Payment experience:  within periods customary in this trade

 

 Negative information:We have no negative information at hand.

 

 Balance sheet year:  2012

 

 

 

 REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Lilienstr. 12

                        D 69437 Neckargerach

 

 Land register documents were not available.

 

 

 BANKERS

 

 SPARKASSE NECKARTAL-ODENWALD, 69437 NECKARGERACH

 Sort. code: 67450048

 BIC: SOLADES1MOS

 

 

 FINANCIAL FIGURES

 

 Turnover:            2012              *EUR          1,295,000.00

                      2013              *EUR          1,295,000.00

 further business figures:

 Equipment:                             *EUR             56,000.00

 Ac/ts receivable:                       EUR            419,602.00

 Liabilities:                            EUR            451,702.00

 Total numbers of vehicles:                                      1

 - Passenger cars:                                               1

 Employees:                                                      7

 

 The business figures marked with an asterisk are estimates based on average values in the line of business.

 

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                 27.48

 Liquidity ratio:                   0.33

 Return on total capital [%]:     -14.02

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 41.46

 Liquidity ratio:                   0.66

 Return on total capital [%]:       3.19

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 47.62

 Liquidity ratio:                   0.72

 Return on total capital [%]:       3.82

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 39.78

 Liquidity ratio:                   0.39

 Return on total capital [%]:       2.32

 

 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            933,445.17

  Fixed assets                           EUR             26,261.00

   Tangible assets                       EUR             26,111.00

   Financial assets                      EUR                150.00

    Other / unspecified financial assets EUR                150.00

  Current assets                         EUR            904,606.93

   Stocks                                EUR            478,961.00

   Accounts receivable                   EUR            419,601.87

   Liquid means                          EUR              6,044.06

  Remaining other assets                 EUR              2,577.24

   Accruals (assets)                     EUR              2,577.24

 

 LIABILITIES                             EUR            933,445.17

  Shareholders' equity                   EUR            453,487.40

   Capital                               EUR             25,000.00

    Subscribed capital (share capital)   EUR             25,000.00

   Reserves                              EUR                564.59

    Capital reserves                     EUR                564.59

   Balance sheet profit/loss (+/-)       EUR            427,922.81

    Balance sheet profit / loss          EUR            427,922.81

  Provisions                             EUR             28,256.00

  Liabilities                            EUR            451,701.77

   Other liabilities                     EUR                  0.00

    Unspecified other liabilities        EUR                  0.00

     thereof liabilities from tax /

     financial authorities               EUR              3,248.67

     thereof liabilities from social

     security                            EUR                636.95

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR            987,230.10

  Fixed assets                           EUR             34,512.00

   Tangible assets                       EUR             34,362.00

    Other / unspecified tangible assets  EUR             34,362.00

   Financial assets                      EUR                150.00

    Other / unspecified financial assets EUR                150.00

  Current assets                         EUR            952,718.10

   Stocks                                EUR            446,963.00

   Accounts receivable                   EUR            502,439.63

    Other debtors and assets             EUR            502,439.63

   Liquid means                          EUR              3,315.47

 

 LIABILITIES                             EUR            987,230.10

  Shareholders' equity                   EUR            546,241.94

   Capital                               EUR             25,000.00

    Subscribed capital (share capital)   EUR             25,000.00

   Reserves                              EUR                564.59

    Capital reserves                     EUR                564.59

   Balance sheet profit/loss (+/-)       EUR            520,677.35

    Balance sheet profit / loss          EUR            520,677.35

  Provisions                             EUR             28,809.00

  Liabilities                            EUR            412,179.16

   Other liabilities                     EUR            412,179.16

    Unspecified other liabilities        EUR            412,179.16

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.02

UK Pound

1

Rs.99.42

Euro

1

Rs.77.84

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

PDT

 

               

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.