|
Report No. : |
337600 |
|
Report Date : |
21.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
CHEM. FABRIK KARL BUCHER GMBH |
|
|
|
|
Registered Office : |
An der Günz 1 D 89367 Waldstetten |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
1972 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of fertilizers and
nitrogen compounds |
|
|
|
|
No. of Employees : |
117 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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, 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.
|
Source
: CIA |
CHEM. FABRIK KARL BUCHER GMBH
An der Günz 1
D 89367 Waldstetten
Telephone:08223/96910
Telefax:
08223/969115
Active
Business relations are permissible.
LEGAL FORM Private
limited company
Date
of foundation: 1972
Shareholders'
agreement: 07.11.1996
Registered on: 20.03.1997
Commercial Register: Local court 87700 Memmingen
under: HRB 2357
Share capital: EUR 255,645.94
Shareholder:
Karl Bucher
An der Günz 1
D 89367 Waldstetten
born: 12.01.1937
Share: EUR 130,379.43
Shareholder:
Stefan Bucher
An der Günz 1
D 89367 Waldstetten
born: 12.09.1981
Share: EUR 74,137.32
Shareholder:
Miriam Bucher
An der Günz 1
D 89367 Waldstetten
born: 17.01.1979
Share: EUR 25,564.59
Shareholder:
Iris Bucher
An der Günz 1
D 89367 Waldstetten
Share: EUR 25,564.59
Manager:
Karl Bucher
An der Günz 1
D 89367 Waldstetten
having sole power of
representation
born: 12.01.1937
Profession: Chemist
Marital status: married
Manager:
Stefan Bucher
An der Günz 1
D 89367 Waldstetten
having sole power of
representation
born: 12.09.1981
1972 - 28.12.1982 Karl
Bucher
An der Günz 1
D 89367 Waldstetten
Unregistered commercial
enterprise
28.12.1982 - 20.03.1997 Chemische Fabrik Karl Bucher
An der Günz 1
D 89367 Waldstetten
Sole
proprietorship
Main industrial sector
2015
Manufacture of fertilizers and nitrogen compounds
Within agreed terms
We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address An
der Günz 1
D 89367 Waldstetten
Real Estate of: Karl
Bucher
Type of ownership: proprietor
Share: 100.00 %
Address An
der Günz 1
D 89367 Waldstetten
Value at selling price: EUR 1,278,000.00
Land register documents were not available.
A
bank connection is unknown.
Turnover:
2013 EUR 30,649,235.00
Profit: 2013 EUR 675,508.00
Equipment: EUR 599,601.00
Ac/ts receivable: EUR 8,558,526.00
Liabilities: EUR 20,439,671.00
Real estate of the firm: EUR 90,865.00
Employees:
117
- thereof permanent staff: 117
BALANCE SHEETS
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 89.82
Liquidity ratio: 10.00
Return on total capital [%]: 1.40
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 89.70
Liquidity ratio: 10.00
Return on total capital [%]: 13.67
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 56.03
Liquidity ratio: 10.00
Return on total capital [%]: 1.55
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 55.94
Liquidity ratio: 10.00
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 48,369,290.20
Fixed assets EUR 809,875.00
Intangible assets EUR 2,314.00
Concessions, licences, rights EUR 2,314.00
Tangible assets EUR 807,561.00
Land / similar rights EUR 90,865.00
Plant / machinery EUR 117,095.00
Other tangible assets / fixtures and
fittings EUR 599,601.00
Current assets EUR 47,558,522.20
Stocks EUR 2,524,860.00
Raw materials, consumables and
supplies EUR 147,500.00
Finished goods / work in progress EUR
2,341,960.00
Advance payments made EUR 35,400.00
Accounts receivable EUR 8,558,526.20
Trade debtors EUR 6,441,141.02
Other debtors and assets EUR 2,117,385.18
Investments in current assets EUR 12,633,953.60
Other investments EUR
12,633,953.60
Liquid means EUR 23,841,182.40
Remaining other assets EUR 893.00
Accruals (assets) EUR 893.00
LIABILITIES EUR 48,369,290.20
Shareholders' equity EUR 26,900,171.94
Capital EUR 255,645.94
Subscribed capital (share capital) EUR 255,645.94
Balance sheet profit/loss (+/-) EUR 26,644,526.00
Balance sheet profit / loss EUR 26,644,526.00
Provisions EUR 1,029,447.00
Provisions for taxes EUR 15,547.00
Other / unspecified provisions EUR 1,013,900.00
Liabilities EUR 20,439,671.26
thereof total due to shareholders EUR
16,545,240.37
Financial debts EUR 362,223.83
Liabilities due to banks EUR 362,223.83
Other liabilities EUR 20,077,447.43
Trade creditors (for IAS incl. bills
of exchange) EUR 2,970,728.37
Unspecified other liabilities EUR 17,106,719.06
thereof liabilities from tax /
financial authorities EUR 120,142.67
thereof liabilities from social
security EUR 48,368.73
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 30,649,234.79
Inventory change + own costs (+/-) EUR -284,040.00
Inventory change (+/-) EUR -284,040.00
Other operating income EUR 313,314.41
Cost of materials EUR 15,433,815.60
Raw materials and supplies, purchased
goods EUR 15,417,044.28
Purchased services EUR 16,771.32
Gross result (+/-) EUR 15,244,693.60
Staff expenses EUR 6,086,875.15
Wages and salaries EUR 5,019,733.33
Social security contributions and
expenses for pension plans and
benefits EUR 1,067,141.82
Total depreciation EUR 163,669.61
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 163,669.61
Other operating expenses EUR 8,376,971.10
Operating result from continuing
operations EUR 617,177.74
Result from participating interests
(+/-) EUR 65.59
Expenses / income from participations
EUR 65.59
Income from related companies EUR 65.59
Interest result (+/-) EUR 46,192.34
Interest and similar income EUR 219,739.83
Interest and similar expenses EUR 173,547.49
Other financial result EUR 181,358.67
Income from securities and loans from
financial assets EUR 181,358.67
Financial result (+/-) EUR 227,616.60
Result from ordinary operations (+/-) EUR
844,794.34
Income tax / refund of income tax
(+/-)EUR -167,174.64
Other taxes / refund of taxes EUR -2,111.45
Tax (+/-) EUR -169,286.09
Annual surplus / annual deficit EUR 675,508.25
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 47,272,975.46
Fixed assets EUR
479,215.00
Intangible assets EUR 1,204.00
Concessions, licences, rights EUR 1,204.00
Tangible assets EUR 478,011.00
Land / similar rights EUR 23,198.00
Plant / machinery EUR 78,694.00
Other tangible assets / fixtures and
fittings EUR 376,119.00
Current assets EUR 46,792,867.46
Stocks EUR 2,785,730.00
Raw materials, consumables and
supplies EUR 159,730.00
Finished goods / work in progress EUR
2,626,000.00
Accounts receivable EUR 9,812,918.30
Trade debtors EUR 7,720,031.98
Other debtors and assets EUR 2,092,886.32
Investments in current assets EUR 13,734,656.87
Other investments EUR 13,734,656.87
Liquid means EUR 20,459,562.29
Remaining other assets EUR 893.00
Accruals (assets) EUR 893.00
LIABILITIES EUR 47,272,975.46
Shareholders' equity EUR 26,224,663.69
Capital EUR 255,645.94
Subscribed capital (share capital) EUR 255,645.94
Balance sheet profit/loss (+/-) EUR 25,969,017.75
Balance sheet profit / loss EUR 25,969,017.75
Provisions EUR 1,199,772.00
Provisions for taxes EUR 83,272.00
Other / unspecified provisions EUR 1,116,500.00
Liabilities EUR 19,848,539.77
Financial debts EUR 200,000.00
Liabilities due to banks
EUR 200,000.00
Other liabilities EUR 19,648,539.77
Trade creditors (for IAS incl. bills
of exchange) EUR 2,977,017.02
Unspecified other liabilities EUR 16,671,522.75
thereof liabilities from tax /
financial authorities EUR 111,750.96
thereof liabilities from social
security EUR 42,076.93
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 30,155,481.70
Other operating income EUR 6,315,740.74
Cost of materials EUR
16,685,562.99
Raw materials and supplies, purchased
goods EUR 16,685,562.99
Gross result (+/-) EUR 19,785,659.45
Staff expenses EUR 5,523,903.25
Wages and salaries EUR 4,607,941.13
Social security contributions and
expenses for pension plans and
benefits EUR 915,962.12
Total depreciation EUR 148,298.39
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 148,298.39
Other operating expenses EUR 7,784,608.78
Operating result from continuing
operations EUR 6,328,849.03
Result from participating interests
(+/-) EUR 34.94
Expenses / income from participations
EUR 34.94
Income from related companies EUR 34.94
Interest result (+/-) EUR 181,965.51
Interest and similar income EUR 391,594.25
Interest and similar expenses EUR
209,628.74
thereof paid to related companies EUR 209,000.00
Other financial result EUR 119,855.84
Income from securities and loans from
financial assets EUR 203,170.70
Depreciation on financial assets and
marketable securities EUR 83,314.86
Financial result (+/-) EUR 301,856.29
Result from ordinary operations (+/-) EUR
6,630,705.32
Income tax / refund of income tax
(+/-)EUR -168,777.78
Other taxes / refund of taxes EUR -1,664.00
Tax (+/-) EUR -170,441.78
Annual surplus / annual deficit
EUR 6,460,263.54
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.24 |
|
UK Pound |
1 |
Rs.102.21 |
|
Euro |
1 |
Rs.72.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TRU |
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.