MIRA INFORM REPORT

 

 

Report No. :

329959

Report Date :

02.07.2015

 

IDENTIFICATION DETAILS

 

Name :

BARNI MASCHINENSERVICE GMBH

 

 

Registered Office :

Torstr. 15, D 79650 Schopfheim

 

 

Country :

Germany

 

 

Financials (as on) :

31.03.2013

 

 

Year of Establishment :

1976

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Wholesale of other machinery, equipment and supplies

·         Other business support service activities

 

 

No. of Employee :

7

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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, 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 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. 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 accounts for 34% of total energy consumption, 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.

 

Source : CIA

 

 

 Company name and address

 

 BARNI MASCHINENSERVICE GMBH

 

 Company Status:         active

                                    Torstr. 15

                                    D 79650 Schopfheim

                                    Telephone:07622/39950

                                    Telefax:  07622/399555

                                    Homepage: www.barni-machines.de

                                    E-mail:   info@barni-machines.de

 

 

VAT no.          

 

DE142395435

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Company summary

 

 LEGAL FORM                          Private limited company

 Date of foundation:                  1976

 Shareholders' agreement:          10.12.1976

 Registered on:                         06.04.1977

 Commercial Register:               Local court 79098 Freiburg

 under:                                      HRB 670098

 

 

Share capital

 

EUR            153,387.56

 

 

 Shareholder

 

                      Dipl.-Ing. Michael Hänßler

                      Amselweg 2

                      D 79650 Schopfheim

                      born: 1960

                      Share:             EUR            110,822.52

 Shareholder:

                      Kristina Tondar

                      Bahnhofstr. 10

                      D 79688 Hausen

                      Share:             EUR             42,565.05

 

Manager

 

                      Dipl.-Ing. Michael Hänßler

                      Amselweg 2

                      D 79650 Schopfheim

                      having sole power of representation

                      born: 1960

                      Profession: graduate engineer

                      Marital status: married

 

 

 Proxy

 

                      Johanna Elisabeth Kristina Tondar

                      D 79688 Hausen

                      having sole power of representation

                      born: 20.07.1964

 

 

 COMPANY HISTORY

 

 06.04.1977 - 31.12.1999  Barni Maschinenservice GmbH

                          Gündenhausen 13

                          D 79650 Schopfheim

                          Private limited company

 

 

 RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 19.04.2001 - 09.01.2013  Manager

                          Wolfgang Hänßler

                          D 79650 Schopfheim

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

4669    Wholesale of other machinery, equipment and supplies

8299    Other business support service activities

 

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Balance sheet year:  2013

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address                       Torstr. 15

                                    D 79650 Schopfheim

 

 Land register documents were not available.

 

 

 BANKERS

 

 DEUTSCHE BANK, 79503 LÖRRACH

 Sort. code: 68370034, Account no.: 613380

 BIC: DEUTDE6F683, IBAN: DE34683700340061338000

 SOCIETE GENERALE, 60311 FRANKFURT AM MAIN

 Sort. code: 51210800

 BIC: SOGEDEFFXXX

 SPARKASSE SCHOPFHEIM-ZELL, 79641 SCHOPFHEIM

 Sort. code: 68351557, Account no.: 3018900

 BIC: SOLADES1SFH, IBAN: DE91683515570003018900

 LANDESBANK BADEN-WÜRTTEMBERG, 76133 KARLSRUHE, BADEN

 Sort. code: 66050000

 BIC: SOLADEST660

 UNION BANK OF SWITZERLAND, BASEL

 Account no.: 51690401

 BIC: UBSWCHZH40A

 

 

 FINANCIAL FIGURES

 

 Turnover:            2013               EUR          3,200,000.00

                      2014               EUR          3,200,000.00

 Expected turnover:                      EUR          3,200,000.00

 further business figures:

 Equipment:                             *EUR             49,000.00

 Ac/ts receivable:                       EUR             96,241.00

 Liabilities:                            EUR            470,085.00

 Total numbers of vehicles:                                      3

 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 01.01.2013 - 31.12.2013

 Equity ratio [%]:                 46.76

 Liquidity ratio:                  10.00

 Return on total capital [%]:       2.52

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                 39.65

 Liquidity ratio:                   1.99

 Return on total capital [%]:      17.23

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 41.91

 Liquidity ratio:                   1.02

 Return on total capital [%]:      -1.48

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 44.52

 Liquidity ratio:                  10.00

 Return on total capital [%]:      49.70

 

 

 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          1,112,524.26

  Fixed assets                           EUR             11,804.51

   Tangible assets                       EUR             11,804.51

  Current assets                         EUR          1,094,803.20

   Stocks                                EUR            292,000.00

   Accounts receivable                   EUR             96,241.17

   Liquid means                          EUR            706,562.03

  Remaining other assets                 EUR              5,916.55

   Accruals (assets)                     EUR              5,916.55

 

 LIABILITIES                             EUR          1,112,524.26

  Shareholders' equity                   EUR            521,525.34

   Capital                               EUR            153,387.56

    Subscribed capital (share capital)   EUR            153,387.56

   Balance sheet profit/loss (+/-)       EUR            368,137.78

    Balance sheet profit / loss          EUR            368,137.78

  Provisions                             EUR            120,914.41

  Liabilities                            EUR            470,084.51

 

 Type of balance sheet: Company balance sheet

 

 Financial year:      01.01.2012 - 31.12.2012

 

 ASSETS                                  EUR          1,269,273.78

  Fixed assets                           EUR             12,221.51

   Tangible assets                       EUR             12,221.51

  Current assets                         EUR          1,256,633.77

   Stocks                                EUR            495,500.00

   Accounts receivable                   EUR            244,481.56

   Liquid means                          EUR            516,652.21

  Remaining other assets                 EUR                418.50

   Accruals (assets)                     EUR                418.50

 

 LIABILITIES                             EUR          1,269,273.78

  Shareholders' equity                   EUR            493,595.27

   Capital                               EUR            153,387.56

    Subscribed capital (share capital)   EUR            153,387.56

   Balance sheet profit/loss (+/-)       EUR            340,207.71

    Profit / loss brought forward        EUR            121,967.82

    Annual surplus / annual deficit      EUR            218,239.89

  Provisions                             EUR            125,936.11

  Liabilities                            EUR            649,742.40

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.62

UK Pound

1

Rs.99.89

Euro

1

Rs.70.77

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

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.