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Report No. : |
329707 |
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Report Date : |
03.07.2015 |
IDENTIFICATION DETAILS
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Name : |
BIKON-TECHNIK GMBH |
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Registered Office : |
Hansemannstr. 11, D 41468 Neuss |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
22.04.2004 |
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Com. Reg. No.: |
HRB 14039 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture of Bearings, Gears, Gearing and Driving Elements. ·
Wholesale of Other Equipment and Accessories for
Machinery and Technical Supplies. |
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No. of Employees : |
11 |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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.
|
Source
: CIA |
BIKON-TECHNIK
GMBH
Company Status: active
Hansemannstr. 11
D 41468 Neuss
Telephone:02131/71889-0
Telefax: 02131/71889-20
Homepage: www.bikon.de
E-mail: info@bikon.de
DE813989271
122/5708/5114
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 22.04.2004
Shareholders'
agreement: 22.04.2004
Registered on: 11.01.2007
Commercial Register: Local court 41460 Neuss
under: HRB
14039
EUR 25,000.00
Shareholder:
Zlatko Dizdarevic
D 41460 Neuss
born: 22.04.1968
Share: EUR 25,000.00
Manager:
Zlatko Dizdarevic
D 41460 Neuss
having sole power of
representation
born: 22.04.1968
Profession: graduate
engineer
Proxy:
Maria Strierath
D 41468 Neuss
having sole power of
representation
born: 08.03.1947
née: Cremer
22.04.2004 - 30.06.2004 DS-Spannelemente GmbH
Herzogstr. 18
D 41516 Grevenbroich
Private limited
company
30.06.2004 - 24.01.2006 BIKON-Technik GmbH
Herzogstr. 18
D 41516 Grevenbroich
Private limited company
25.01.2006 - 11.07.2007 BIKON-Technik GmbH
Herzogstr. 18
D 41516 Grevenbroich
Private limited
company
Main
industrial sector
28150
Manufacture of bearings, gears, gearing and driving elements
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
Secondary industrial sector
71122
Engineering activities in the field of technical sectoral planning
andengineering design
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2014
Type of ownership: Tenant
Address Hansemannstr.
11
D 41468 Neuss
Land register documents were not available.
SPARKASSE NEUSS, 41456 NEUSS
Sort. code: 30550000
BIC: WELADEDNXXX
Profit: 2013 EUR 246,747.00
Ac/ts receivable: EUR 339,360.00
Liabilities: EUR 451,393.00
Employees: * 11
The
business figures marked with an asterisk are estimates based on average values in the line of business.
Balance
sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 63.72
Liquidity ratio: 10.00
Return on total capital [%]: 10.60
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 65.88
Liquidity ratio: 10.00
Return on total capital [%]: 17.96
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 46.12
Liquidity ratio: 5.62
Return on total capital [%]: 22.81
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 37.34
Liquidity ratio: 4.48
Return
on total capital [%]: 16.58
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: 01.01.2014
- 31.12.2014
ASSETS EUR 1,715,236.80
Fixed assets
EUR 68,693.00
Intangible assets
EUR 14,713.00
Tangible assets
EUR 53,980.00
Current assets
EUR 1,628,337.69
Stocks
EUR 364,939.00
Accounts receivable
EUR 339,359.97
Liquid means
EUR 924,038.72
Remaining other assets
EUR 18,206.11
Accruals (assets)
EUR 18,206.11
LIABILITIES EUR 1,715,236.80
Shareholders' equity
EUR 1,095,680.13
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 1,070,680.13
Profit / loss brought forward
EUR 588,463.09
Balance sheet profit / loss
EUR 482,217.04
Provisions
EUR 168,164.00
Liabilities
EUR 451,392.67
Type
of balance sheet: Company balance sheet
Financial year: 01.01.2013
- 31.12.2013
ASSETS EUR 1,383,287.51
Fixed assets EUR 74,391.00
Intangible assets
EUR 19,160.00
Tangible assets
EUR 55,231.00
Current assets
EUR 1,294,412.43
Stocks EUR 395,202.00
Accounts receivable
EUR 488,686.98
Liquid means
EUR 410,523.45
Remaining other assets
EUR 14,484.08
Accruals (assets)
EUR 14,484.08
LIABILITIES EUR 1,383,287.51
Shareholders' equity
EUR 914,571.61
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 889,571.61
Profit / loss brought forward
EUR 396,078.39
Balance sheet profit / loss EUR 493,493.22
Provisions
EUR 146,362.00
Liabilities
EUR 322,353.90
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.99.20 |
|
Euro |
1 |
Rs.70.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
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.