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Report No. : |
353413 |
|
Report Date : |
09.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
WILLY
BENECKE GMBH |
|
|
|
|
Registered Office : |
Hovestr. 41 D 20539 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
1954 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Non-specialized
wholesale of raw materials and half-finished and finished goods |
|
|
|
|
No. of Employee : |
10 |
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 |
Willy
Benecke GmbH
Hovestr. 41
D 20539 Hamburg
Telephone:040/7804440
Telefax:
040/78044433
Homepage: www.willy-benecke.com
E-mail:
info@willy-benecke.com
Active
DE118402686
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1954
Shareholders'
agreement: 10.06.1999
Registered on: 29.09.1999
Commercial Register: Local court 20355 Hamburg
under: HRB
72763
Share capital: EUR 252,000.00
Shareholder:
Thorsten Hauser
Hebbelstr. 11c
D 22085 Hamburg
born: 30.11.1960
Share: EUR 126,000.00
Shareholder:
Soeren Hauser
Farnstr. 5
D 22335 Hamburg
born: 27.04.1964
Share: EUR 126,000.00
Manager:
Thorsten Hauser
Hebbelstr. 11c
D 22085 Hamburg
having sole power of
representation
born: 30.11.1960
Profession: Fully
qualified political
economist
Marital status: unknown
Manager:
Soeren Hauser
Farnstr. 5
D 22335 Hamburg
having sole power of
representation
born: 27.04.1964
Profession: Fully
qualified merchant
Marital status: unknown
Further functions/participations of Thorsten
Hauser (Manager)
Shareholder:
SprayCom GmbH
Hovestr. 41
D 20539 Hamburg
Legal form: Private
limited company
Share capital: EUR 100,000.00
Share: EUR 50,000.00
Registered
on: 08.12.2010
Reg. data: 20355 Hamburg, HRB 116183
Shareholder:
GumCom GmbH
Hovestr. 41
D 20539 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 28.05.2010
Reg. data: 20355 Hamburg, HRB 113875
Manager:
Karl-Heinz Söth
Lagerhausbetrieb GmbH
Hovestr. 41
D 20539 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on:
27.09.1999
Reg. data: 20355 Hamburg, HRB 72741
Manager:
SprayCom GmbH
Hovestr. 41
D 20539 Hamburg
Legal form: Private limited
company
Share capital: EUR 100,000.00
Registered
on: 08.12.2010
Reg. data: 20355 Hamburg, HRB 116183
Shareholder:
Deetjen & Schröder Aktiengesellschaft
Hovestr. 41
D 20539 Hamburg
Legal form: Public
limited company
Share capital: EUR 51,129.19
Registered
on: 19.06.1929
Reg. data: 20355 Hamburg, HRB 3609
Member of the Board of Directors:
Deetjen & Schröder
Aktiengesellschaft
Hovestr. 41
D 20539 Hamburg
Legal form: Public
limited company
Share capital: EUR 51,129.19
Registered
on: 19.06.1929
Reg. data: 20355 Hamburg, HRB 3609
Further functions/participations of Soeren
Hauser (Manager)
Shareholder:
SprayCom GmbH
Hovestr. 41
D 20539 Hamburg
Legal form: Private limited
company
Share capital: EUR 100,000.00
Share: EUR 50,000.00
Registered
on: 08.12.2010
Reg. data: 20355 Hamburg, HRB 116183
Shareholder:
GumCom GmbH
Hovestr. 41
D 20539 Hamburg
Legal form: Private
limited company
Share capital: EUR
25,000.00
Share: EUR 12,500.00
Registered
on: 28.05.2010
Reg. data: 20355 Hamburg, HRB 113875
Manager:
Karl-Heinz Söth Lagerhausbetrieb GmbH
Hovestr. 41
D 20539 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 27.09.1999
Reg. data: 20355 Hamburg, HRB 72741
Manager:
SprayCom GmbH
Hovestr. 41
D 20539 Hamburg
Legal form: Private limited company
Share capital: EUR 100,000.00
Registered
on: 08.12.2010
Reg. data: 20355 Hamburg, HRB 116183
Shareholder:
Deetjen & Schröder
Aktiengesellschaft
Hovestr. 41
D 20539 Hamburg
Legal form: Public
limited company
Share capital: EUR 51,129.19
Registered
on: 19.06.1929
Reg. data: 20355 Hamburg, HRB 3609
Member of the Supervisory Board:
Deetjen & Schröder
Aktiengesellschaft
Hovestr. 41
D 20539 Hamburg
Legal form: Public
limited company
Share capital: EUR 51,129.19
Registered
on: 19.06.1929
Reg. data: 20355 Hamburg, HRB 3609
Main industrial sector
46461
Wholesale of pharmaceutical goods
46901
Non-specialized wholesale of raw materials and
half-finished and finished goods
Payment experience: No
Complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Hovestr.
41
D 20539 Hamburg
Land
register documents were not available.
UNICREDIT BANK - HYPOVEREINSBANK, 20454
HAMBURG
Sort. code: 20030000
BIC: HYVEDEMM300
Gross profit or loss:2013 EUR 2,935,344.00
2014 EUR 2,900,000.00
Profit: 2013 EUR 287,874.00
further business figures:
Equipment: EUR 92,145.00
Ac/ts receivable: EUR 4,820,836.00
Liabilities: EUR 6,575,450.00
Employees:
10
- thereof permanent staff: 10
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 43.88
Liquidity ratio: 0.78
Return on total capital [%]: 2.35
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 44.37
Liquidity ratio: 0.79
Return on total capital [%]: 9.62
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 45.26
Liquidity ratio: 0.70
Return on total capital [%]: 8.12
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 39.64
Liquidity ratio: 0.50
Return on total capital [%]: 6.88
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 12,247,007.86
Fixed assets EUR 93,512.60
Intangible assets EUR 1,368.04
Other / unspecified intangible
assetsEUR 1,368.04
Tangible assets EUR 92,144.56
Other tangible assets / fixtures and
fittings EUR 92,144.56
Current assets EUR 12,153,495.26
Stocks EUR 7,238,761.24
Accounts receivable EUR 4,820,835.66
Other debtors and assets EUR 4,820,835.66
Liquid means EUR 93,898.36
LIABILITIES EUR 12,247,007.86
Shareholders' equity EUR 5,041,895.94
Capital EUR 252,000.00
Subscribed capital (share capital) EUR 252,000.00
Balance sheet profit/loss (+/-) EUR 4,789,895.94
Profit / loss brought forward EUR 4,502,022.34
Annual surplus / annual deficit EUR 287,873.60
Provisions EUR 629,662.00
Liabilities EUR 6,575,449.92
Financial debts EUR 5,131,637.37
Liabilities due to banks EUR 5,131,637.37
Other liabilities EUR 1,443,812.55
Unspecified other liabilities EUR 1,443,812.55
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 2,935,344.42
Staff expenses EUR 896,943.40
Wages and salaries EUR 807,575.90
Social security contributions and
expenses for pension plans and
benefits EUR 89,367.50
Total depreciation EUR 29,383.19
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 29,383.19
Other operating expenses EUR 1,452,286.33
Operating result from continuing
operations EUR 556,731.50
Interest result (+/-) EUR -141,718.14
Interest and similar income EUR 50,513.22
Interest and similar expenses EUR 192,231.36
Financial result (+/-) EUR -141,718.14
Result from ordinary operations (+/-) EUR
415,013.36
Income tax / refund of income tax
(+/-)EUR -126,251.76
Other taxes / refund of taxes EUR -888.00
Tax (+/-) EUR -127,139.76
Annual surplus / annual deficit EUR 287,873.60
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 11,516,711.35
Fixed assets EUR 90,339.77
Intangible assets EUR 2,101.48
Other / unspecified intangible
assetsEUR 2,101.48
Tangible assets EUR 88,238.29
Other tangible assets / fixtures and
fittings EUR 88,238.29
Current assets EUR 11,426,371.58
Stocks EUR 7,239,060.09
Accounts receivable EUR 4,073,756.22
Other debtors and assets EUR 4,073,756.22
Liquid means EUR 113,555.27
LIABILITIES EUR 11,516,711.35
Shareholders' equity EUR 4,854,022.34
Capital EUR 252,000.00
Subscribed capital (share capital) EUR 252,000.00
Balance sheet profit/loss (+/-) EUR 4,602,022.34
Profit / loss brought forward EUR 3,494,168.63
Annual surplus / annual deficit EUR 1,107,853.71
Provisions EUR 1,149,355.11
Liabilities EUR 5,513,333.90
Financial debts EUR 4,073,779.30
Liabilities due to banks EUR 4,073,779.30
Other liabilities EUR 1,439,554.60
Unspecified other liabilities EUR 1,439,554.60
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 5,008,526.23
Staff expenses EUR 1,160,484.19
Wages and salaries EUR 1,007,668.56
Social security contributions and
expenses for pension plans and
benefits EUR 152,815.63
Total depreciation EUR 35,180.90
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 35,180.90
Other operating expenses EUR 1,998,769.68
Operating result from continuing
operations EUR 1,814,091.46
Interest result (+/-) EUR -169,168.80
Interest and similar income EUR 20,943.77
Interest and similar expenses EUR 190,112.57
Financial result (+/-) EUR -169,168.80
Result from ordinary operations (+/-) EUR
1,644,922.66
Income tax / refund of income tax
(+/-)EUR -536,252.95
Other taxes / refund of taxes EUR -816.00
Tax (+/-) EUR -537,068.95
Annual surplus / annual deficit EUR 1,107,853.71
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.80 |
|
|
1 |
Rs.100.49 |
|
Euro |
1 |
Rs.72.52 |
|
Euro |
1 |
Rs.72.82 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
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.