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Report No. : |
337101 |
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Report Date : |
21.08.2015 |
IDENTIFICATION DETAILS
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Name : |
BENZLER ANTRIEBSTECHNIK GMBH |
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Registered Office : |
Schwannstr. 6, D 40476
Düsseldorf |
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Country : |
Germany |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
01.11.1986 |
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Com. Reg. No.: |
HRB 61122 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture of engines and turbines
(except aircraft, vehicle and cycle engines) ·
Manufacture of bearings,
gears, gearing and driving elements ·
Agents involved in the sale
of machines (except agricultural machineryand office machinery) and
industrial supplies ·
Engineering activities in
the field of technical overall planning |
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No. of Employees : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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, 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 5.2% in 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private
investment. 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 plans to replace nuclear power with renewable energy, which
accounted for 27.8% of gross electricity consumption in 2014, up from 9% in
2000. 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. Extremely low inflation, caused largely by low global
energy prices and a weak euro, are expected to boost German GDP growth in 2015.
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Source
: CIA |
BENZLER ANTRIEBSTECHNIK GMBH
Company Status: active
Schwannstr. 6
D 40476 Düsseldorf
Telephone:0800/3504000
Telefax:
0800/3504001
Homepage: www.benzlers.com
E-mail:
mail@benzlers.com
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 01.11.1986
Shareholders'
agreement: 01.11.1986
Registered on: 29.05.2009
Commercial Register: Local court 40227
Düsseldorf
under: HRB 61122
Share capital: EUR 102,258.38
Shareholder:
Aktiebolaget Benzlers
S Helsingborg
Legal form: Other legal
form
Share: EUR 102,258.38
Manager:
Prashant Chandrakant Amin
IND Vallabh Vidyanagar
having sole power of
representation
born: 09.08.1956
Nationality: Indian
Manager:
Harish Chasmawalla
GB Huddersfield
having sole power of
representation
born: 09.11.1971
Nationality: British
Proxy:
Rushikesh Mahendra
Bhagwatkar
NL Venlo
having sole power of
representation
born: 16.09.1987
Nationality: Dutch
01.11.1986 - 05.03.1997 Benzler Antriebstechnik GmbH
Siemensring 78a
D 47877 Willich
Private limited
company
05.03.1997 - 01.03.2001 Benzler Antriebstechnik GmbH
Kränkelsweg 24
D 41748 Viersen
Private limited
company
01.03.2001 - 28.06.2006 Benzler Antriebstechnik GmbH
Willy-Brandt-Ring 56
D 41747 Viersen
Private limited
company
28.06.2006 - 09.10.2006 Benzler Antriebstechnik GmbH
Kautexstr. 52
D 53229 Bonn
Private limited
company
09.10.2006 - 29.05.2009 Benzler Antriebstechnik GmbH (bis
29.05.2009)
Kautexstr. 52
D 53229 Bonn
Private limited
company
23.01.2009 - 30.12.2014 Manager
Mark A. Cooper
S Helsingborg
Main industrial sector
28110
Manufacture of engines and turbines (except aircraft, vehicle and cycle
engines)
28150 Manufacture of bearings, gears, gearing and
driving elements
46141 Agents involved in the sale of machines (except
agricultural machineryand office machinery) and industrial supplies n.e.c.
71121 Engineering activities in the field of
technical overall planning
Branch:
Benzler Antriebstechnik
GmbH
Jachthavenweg 2
NL 5928 Venlo
Payment experience: within agreed terms
Negative information:We have
no negative information at hand.
Type of ownership: Tenant
Address Schwannstr. 6
D 40476 Düsseldorf
Land register documents were not available.
SVENSKA HANDELSBANKEN DEUTSCHLAND, 60598
FRANKFURT AM MAIN
Sort. code: 51420600
BIC: HANDDEFFXXX
Profit: 2012/2013 EUR 87,008.00
2013/2014 EUR
17,590.00
2014/2015 EUR
12,052.00
further business figures:
Ac/ts receivable: EUR
379,747.00
Liabilities: EUR
297,563.00
Employees: * 3
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.04.2014 - 31.03.2015
Equity ratio [%]: 64.84
Liquidity ratio: 1.96
Return on total capital [%]: 1.35
Balance sheet ratios 01.04.2013 - 31.03.2014
Equity ratio [%]: 76.92
Liquidity ratio: 7.37
Return on total capital [%]: 2.39
Balance sheet ratios 01.04.2012 - 31.03.2013
Equity ratio [%]: 60.00
Liquidity ratio: 10.00
Return on total capital [%]: 19.47
Balance sheet ratios 01.04.2011 - 31.03.2012
Equity ratio [%]: 73.32
Liquidity ratio: 10.00
Return on total capital [%]: 23.82
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: 01.04.2014 - 31.03.2015
ASSETS EUR 890,614.12
Fixed assets EUR 406,056.06
Financial assets EUR 406,056.06
Other / unspecified financial assets
EUR 406,056.06
Current assets EUR 483,100.42
Accounts receivable EUR 379,746.52
Liquid means EUR 103,353.90
Remaining other assets EUR 1,457.64
Accruals (assets) EUR 1,457.64
LIABILITIES EUR 890,614.12
Shareholders' equity EUR 577,463.74
Capital
EUR 102,258.38
Subscribed capital (share capital) EUR 102,258.38
Balance sheet profit/loss (+/-) EUR 475,205.36
Profit / loss brought forward EUR 463,153.24
Annual surplus / annual deficit EUR 12,052.12
Provisions EUR 15,587.75
Liabilities EUR 297,562.63
Type of balance
sheet: Company balance sheet
Financial year: 01.04.2013 - 31.03.2014
ASSETS EUR 735,100.73
Fixed assets EUR 326,011.04
Financial assets EUR 326,011.04
Other / unspecified financial assets
EUR 326,011.04
Current assets EUR 407,898.40
Accounts receivable EUR 299,402.31
Liquid means EUR 108,496.09
Remaining other assets EUR 1,191.29
Accruals (assets) EUR 1,191.29
LIABILITIES EUR 735,100.73
Shareholders' equity EUR 565,411.62
Capital EUR 102,258.38
Subscribed capital (share capital) EUR 102,258.38
Balance sheet profit/loss (+/-) EUR 463,153.24
Profit / loss brought forward EUR 445,563.60
Annual surplus / annual deficit EUR 17,589.64
Provisions EUR 20,564.71
Liabilities EUR 149,124.40
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.65.23 |
|
|
1 |
Rs.102.20 |
|
Euro |
1 |
Rs.72.57 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
|
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|
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.