|
Report No. : |
355026 |
|
Report Date : |
22.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
BBS GMBH |
|
|
|
|
Registered Office : |
Welschdorf 220, D 77761 Schiltach |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
14.03.2011 |
|
|
|
|
Com. Reg. No.: |
HRB 741148 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Manufacture of other parts and accessories for motor vehicles · Other research and experimental development on natural sciences and engineering |
|
|
|
|
No. of Employees : |
430 |
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 |
BBS GMBH
Company Status: active
Welschdorf 220
D 77761 Schiltach
Telephone:07836/52-0
Telefax:
07836/52-1140
Homepage:
www.bbs.com
E-mail:
info@bbs.com
VAT
no.: DE281925661
Tax
ID number: 15050/12793
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 14.03.2011
Shareholders'
agreement: 14.03.2011
Registered on: 03.05.2012
Commercial Register: Local court 70190
Stuttgart
under: HRB 741148
Share capital: EUR 29,000.00
Shareholder:
NICE Holdings Co., Ltd.
KOR Seoul
Legal form: Other legal
form
Share: EUR 17,594.00
Shareholder:
NICE Information Services
Co., Ltd.
KOR Seoul
Legal form: Other legal
form
Share: EUR 3,956.00
Shareholder:
Tyrol Equity AG
Kaiserjägerstr. 30
A 6020 Innsbruck
Legal form: Other legal
form
Share: EUR 3,184.00
Shareholder:
NICE D&B Co Ltd.
KOR Seoul
Legal form: Other legal
form
Share: EUR 1,650.00
Shareholder:
Konstant
Industriebeteiligung GmbH
A 6020 Innsbruck
Legal form: Other legal
form
Share: EUR 1,364.00
Shareholder:
Jürgen Lohmann
Nieder-Modauer Weg 5
D 64367 Mühltal
born: 20.04.1964
Share: EUR 568.00
Shareholder:
LCP Holding LTD
M VLT Valleta
Legal form: Other legal
form
Share: EUR 568.00
Shareholder:
Dr. Stefan Hamm
Claudiaplatz 3
A 6020 Innsbruck
born: 07.10.1965
Share: EUR 116.00
Manager:
Jürgen Lohmann
Nieder-Modauer Weg 5
D 64367 Mühltal
born: 20.04.1964
Marital status: unknown
Manager:
Tobias Schleicher
D 78713 Schramberg
born: 25.12.1978
Proxy:
Erwin Eigel
D 67134 Birkenheide
authorized to jointly
represent the company
born: 29.03.1964
Profession: Businessman
Proxy:
Thomas Weimann
D 53343 Wachtberg
authorized to jointly
represent the company
born: 25.04.1965
Proxy:
Christian Lux
D 72336 Balingen
authorized to jointly
represent the company
born: 25.11.1964
Proxy:
Jürgen Klingelmeyer
Schwanenstr. 17
D 64297 Darmstadt
authorized to jointly
represent the company
born: 13.11.1966
Further functions/participations of Jürgen
Lohmann (Manager)
Manager:
Ostfriesische
Tee-Union GmbH
D 79713 Bad Säckingen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 27.05.1998
Reg. data: 28195 Bremen, HRB 18043
16.09.2011 - 03.05.2012 Blitz F11-sieben-drei GmbH
Welschdorf 220
D 77761 Schiltach
Private
limited company
09.05.2012 - 08.06.2015 Manager
Stefan Hamm
A Innsbruck
Main industrial sector
2932 Manufacture
of other parts and accessories for motor vehicles
Secondary industrial sector
72190
Other research and experimental development on natural sciences and
engineering
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
PMI: No significant / relevant
payment experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Type of ownership: Tenant
Address Welschdorf 220
D 77761 Schiltach
Real Estate of: Jürgen Lohmann
Type
of ownership: unknown
Address Nieder-Modauer Weg 5
D 64367 Mühltal
Land register documents were not available.
COMMERZBANK VILLINGEN U SCHWENNINGEN, 78002
VILLINGEN-SCHWENNINGEN
Sort. code: 69440007, Account no.: 25017810
BIC: COBADEFFXXX
RAIFFEISENLANDESBANK OÖ ZNDL SÜDDEUTSCHLAND,
80333 MÜNCHEN
Sort. code: 74020100, Account no.: 8701591
BIC: RZOODE77XXX, IBAN: DE52740201000008701591
Turnover: 2013 EUR
51,619,885.00
2014 EUR 55,000,000.00
Expected turnover: *EUR 55,000,000.00
Profit: 2013 EUR 306,892.00
further business figures:
Equipment: *EUR 2,580,000.00
Ac/ts receivable: *EUR 860,000.00
Liabilities: *EUR 2,150,000.00
Total numbers of vehicles: 24
-
Lorries:
1
-
Passenger cars:
22
Employees:
430
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 [%]: 2.03
Liquidity ratio: 0.16
Return
on total capital [%]: 10.94
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 1.50
Liquidity ratio: 0.38
Return on total capital [%]: 0.01
Balance sheet ratios 14.03.2011 - 31.12.2011
Equity
ratio [%]: 95.45
Liquidity ratio: 10.00
Return on total capital [%]: -7.89
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: self-disclosure
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR
19,788,181.93
Fixed assets
EUR 4,080,778.44
Intangible assets
EUR 453,241.04
Concessions, licences, rights
EUR 433,741.04
Advance payments for intang. assets
EUR 19,500.00
Tangible assets
EUR 3,428,185.46
Land / similar rights
EUR 10,484.21
Plant / machinery
EUR 2,309,856.01
Other tangible assets / fixtures and
fittings
EUR 314,730.00
Advance payments made / construction
in progress
EUR 793,115.24
Financial assets
EUR 199,351.94
Shares in participations /
subsidiaries and the like
EUR 199,351.94
Shares in related companies
EUR 199,351.94
Current assets
EUR 15,545,248.10
Stocks EUR 8,127,346.01
Raw materials, consumables and
supplies
EUR 1,233,244.13
Finished goods / work in progress
EUR 6,894,101.88
Accounts receivable EUR 5,887,551.77
Trade debtors
EUR 1,097,996.69
Amounts due from related companies
EUR 210,290.19
Other debtors and assets
EUR 4,579,264.89
Liquid means EUR 1,530,350.32
Remaining other assets
EUR 162,155.39
Accruals (assets)
EUR 162,155.39
LIABILITIES EUR 19,788,181.93
Shareholders' equity
EUR 4,281,783.92
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 3,950,000.00
Capital reserves
EUR 3,950,000.00
Balance sheet profit/loss (+/-)
EUR 306,783.92
Profit / loss brought forward
EUR -108.41
Annual surplus / annual deficit
EUR 306,892.33
Provisions
EUR 1,719,300.00
Liabilities
EUR 13,608,098.01
Financial debts
EUR 4,850,282.12
Liabilities due to banks
EUR 4,850,282.12
Other liabilities
EUR 8,757,815.89
Trade creditors (for IAS incl. bills
of exchange)
EUR 4,162,614.41
Liabilities from received advance
payments EUR 94,500.00
Liabililties due to related companiesEUR 638,832.48
Unspecified other liabilities
EUR 3,861,869.00
thereof liabilities from tax /
financial authorities EUR 82,213.37
thereof liabilities from social
security
EUR 1,063.80
Other liabilities
EUR 179,000.01
Deferred taxes (not included under
provisions/liabilities)
EUR 179,000.01
Difference assets / liabilities
EUR -0.01
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 51,619,885.28
Inventory change + own costs (+/-)
EUR 1,378,567.36
Inventory change (+/-)
EUR 1,329,939.95
Capitalised own costs
EUR 48,627.41
Other operating income
EUR 460,049.25
Cost of materials
EUR 21,967,655.37
Raw materials and supplies, purchased
goods
EUR 16,045,625.05
Purchased services
EUR 5,922,030.32
Gross result (+/-)
EUR 31,490,846.52
Staff expenses
EUR 19,462,209.15
Wages and salaries
EUR 16,412,956.55
Social security contributions and
expenses
for pension plans and
benefits
EUR 3,049,252.60
Total depreciation
EUR 903,242.90
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 903,242.90
Other operating expenses
EUR 8,790,810.03
Operating result from continuing
operations
EUR 2,334,584.44
Interest result (+/-) EUR -404,179.19
Interest and similar income
EUR 6,112.11
Interest and similar expenses
EUR 410,291.30
Financial result (+/-)
EUR -404,179.19
Result from ordinary operations (+/-)
EUR 1,930,405.25
Extraordinary income
EUR 700,000.00
Extraordinary expenses
EUR 2,124,895.39
Extraordinary result (+/-)
EUR -1,424,895.39
Income tax / refund of income tax (+/-)EUR -130,097.37
Other taxes / refund of taxes
EUR -68,520.16
Tax
(+/-)
EUR -198,617.53
Annual surplus / annual deficit
EUR 306,892.33
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: self-disclosure
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 17,867,339.36
Fixed assets EUR 2,305,347.06
Intangible assets
EUR 597,377.91
Concessions, licences, rights
EUR 577,877.91
Advance payments for intang. assets
EUR 19,500.00
Tangible
assets EUR 1,481,117.21
Plant / machinery
EUR 1,356,595.06
Other tangible assets / fixtures and
fittings
EUR 124,522.15
Financial assets
EUR 226,851.94
Shares in participations /
subsidiaries and the like
EUR 226,851.94
Shares in related companies
EUR 226,851.94
Current assets
EUR 15,530,229.05
Stocks
EUR 6,865,826.80
Raw materials, consumables and
supplies
EUR 987,462.07
Finished goods / work in progress
EUR 5,878,364.73
Accounts receivable
EUR 7,400,469.11
Trade debtors
EUR 1,379,717.26
Other debtors and assets
EUR 6,020,751.85
Liquid means
EUR 1,263,933.14
Remaining other assets
EUR 31,763.25
Accruals (assets)
EUR 31,763.25
LIABILITIES EUR 17,867,339.36
Shareholders' equity EUR 4,024,891.59
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 4,000,000.00
Capital reserves EUR 4,000,000.00
Balance sheet profit/loss (+/-)
EUR -108.41
Profit / loss brought forward
EUR -1,908.63
Annual surplus / annual deficit
EUR 1,800.22
Provisions
EUR 3,281,058.11
Other / unspecified provisions
EUR 3,281,058.11
Liabilities
EUR 10,511,389.66
Financial debts
EUR 80,245.68
Liabilities due to banks
EUR 80,245.68
Other liabilities
EUR 10,431,143.98
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,630,681.64
Liabililties due to related companiesEUR 346,146.28
Unspecified other liabilities
EUR 8,454,316.06
thereof liabilities from tax /
financial authorities
EUR 202,538.73
Other liabilities EUR 50,000.00
Deferred taxes (not included under
provisions/liabilities)
EUR 50,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 34,873,867.25
Inventory change + own costs (+/-)
EUR 172,446.59
Inventory change (+/-)
EUR 172,446.59
Other operating income
EUR 733,571.64
Cost of materials EUR 9,986,636.69
Raw materials and supplies, purchased
goods
EUR 6,669,625.04
Purchased services
EUR 3,317,011.65
Gross result (+/-)
EUR 25,793,248.79
Staff expenses
EUR 14,497,247.94
Wages and salaries
EUR 12,161,841.54
Social security contributions and
expenses for pension plans and
benefits EUR 2,335,406.40
Total depreciation
EUR 561,704.88
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 561,704.88
Other operating expenses
EUR 10,483,865.09
Operating result from continuing
operations
EUR 250,430.88
Interest result (+/-)
EUR -151,448.01
Interest and similar income
EUR 7,430.44
Interest and similar expenses
EUR 158,878.45
Financial result (+/-)
EUR -151,448.01
Result from ordinary operations (+/-)
EUR 98,982.87
Income tax / refund of income tax (+/-)EUR -50,000.00
Other taxes / refund of taxes
EUR -47,182.65
Tax
(+/-)
EUR -97,182.65
Annual surplus / annual deficit
EUR 1,800.22
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.32 |
|
|
1 |
Rs.98.98 |
|
Euro |
1 |
Rs.72.13 |
|
EUR |
1 |
Rs.72.32 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
AMR |
|
|
|
|
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.