|
Report No. : |
326738 |
|
Report Date : |
09.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
BEELINE GMBH |
|
|
|
|
Registered Office : |
Grünstr.1, D 51063 Köln |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
29.06.1990 |
|
|
|
|
Com. Reg. No.: |
HRB 25831 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Manufacture of Other Textiles n.e.c. · Wholesale of clothing and footwear |
|
|
|
|
No. of Employees : |
512 |
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 : |
Slow but correct |
|
|
|
|
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 |
BEELINE GMBH
Company Status: Active
Grünstr. 1
D 51063 Köln
Telephone:0221/9627544
Telefax: 0221/9627520
Homepage:
www.beeline-group.com
E-mail: info@beeline-group.com
DE120679517
LEGAL FORM Private
limited company
Date of foundation: 1990
Shareholders'
agreement: 29.06.1990
Registered on: 09.03.1995
Commercial Register: Local court 50939 Köln
under: HRB
25831
EUR
101,000.00
Shareholder:
Ulrich Kaspar Beckmann
Pferdmengesstr. 16
D 50968 Köln
born: 23.12.1959
Share: EUR 101,000.00
Manager:
Ulrich Kaspar Beckmann
Pferdmengesstr. 16
D 50968 Köln
having sole power of
representation
born: 23.12.1959
Profession: Businessman
Marital status: single
Manager:
Hinrich Tode
Kaiser-Wilhelm-Allee 17
D 42117 Wuppertal
having sole power of
representation
born: 04.01.1972
Profession: Businessman
Manager:
Frank Beckmann
D 52385 Nideggen
having sole power of
representation
born: 17.05.1966
Manager:
Jean-Valéry Duprez
D 51063 Köln
having sole power of
representation
born: 17.03.1968
Proxy:
Brigita Krieger
Hermeskeiler Str. 3
D 50935 Köln
having sole power of
representation
born: 12.01.1967
née: Svetlik
Marital status: married
Further functions/participations of Ulrich Kaspar
Beckmann
(Manager)
General partner:
Ralf Stock und Ulrich
Beckmann
Grünstr. 1
D 51063 Köln
Legal form: Partnership
under the Civil Code
Shareholder:
Ulrich Beckmann Real Estate GmbH
Dillenburger Str. 76
D 51105 Köln
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 04.09.2006
Reg. data: 50939 Köln, HRB 58474
Shareholder:
beeline Concessions GmbH
Grünstr. 1
D 51063 Köln
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 01.06.2005
Reg. data: 50939 Köln, HRB 55381
Manager:
beeline Logistik GmbH
Grünstr. 1
D 51063 Köln
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 09.06.2008
Reg. data: 50939 Köln, HRB 63298
Manager:
Ulrich Beckmann Real
Estate GmbH
Dillenburger Str. 76
D 51105 Köln
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 04.09.2006
Reg. data: 50939 Köln, HRB 58474
Manager:
beeline Retail GmbH
Grünstr. 1
D 51063 Köln
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 04.05.1995
Reg. data: 50939 Köln, HRB 26046
Manager:
Grünstraße 1 GmbH
Grünstr. 1
D 51063 Köln
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 16.01.2015
Reg. data: 50939 Köln, HRB 83304
Manager:
beeline Concessions GmbH
Grünstr. 1
D 51063 Köln
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 01.06.2005
Reg. data: 50939 Köln, HRB 55381
Manager:
beeline Logistik Immobilien
GmbH
Grünstr. 1
D 51063 Köln
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on:
17.12.2007
Reg. data: 50939 Köln, HRB 62070
Further functions/participations of Frank
Beckmann (Manager)
General partner:
Frank Beckmann und
Siegfried Rossbroich
Haus Roland
D 52393 Hürtgenwald
Legal form: Partnership
under the Civil Code
1990 - 08.03.1995 bee-line Accessoires Vertriebs GmbH
Anton-Kux-Str. 2
D 41460 Neuss
Private limited
company
09.03.1995 - 01.10.2007 bee-line Accessoires Vertriebs GmbH
Schanzenstr. 21-23
D 51063 Köln
Private limited
company
18.10.2007 - 15.04.2013 Manager
Alexander Plug
D 51427 Bergisch
Gladbach
Main industrial sector
13990
Manufacture of other textiles n.e.c.
4642
Wholesale of clothing and footwear
96090
Other service activities n. e. c.
Shareholder:
beeline Retail GmbH
Grünstr. 1
D 51063 Köln
Legal form: Private
limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 50,000.00
Reg. data: 04.05.1995
Local court
50939 Köln
HRB 26046
Shareholder:
beeline Logistik GmbH
Grünstr. 1
D 51063 Köln
Legal form: Private limited
company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 09.06.2008
Local court 50939 Köln
HRB 63298
Shareholder:
beeline Logistik
Immobilien GmbH
Grünstr. 1
D 51063 Köln
Legal form: Private limited
company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 17.12.2007
Local court 50939 Köln
HRB 62070
Silent partner:
Ulrich Beckmann Real
Estate GmbH
Dillenburger Str. 76
D 51105 Köln
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Reg. data: 04.09.2006
Local court
50939 Köln
HRB 58474
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Grünstr.
1
D 51063 Köln
Real Estate of: Ulrich
Kaspar Beckmann
Type of ownership: unknown
Address Pferdmengesstr.
16
D 50968 Köln
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 50450 KÖLN
Sort. code: 37080040
BIC: DRESDEFF370
Turnover:
2013 EUR 225,687,039.00
Profit:
2013 EUR -14,638,478.00
Equipment: EUR 20,518,424.00
Ac/ts receivable: EUR 77,559,179.00
Liabilities: EUR 40,884,249.00
Employees:
512
- Temporary workers: 34
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 79.81
Liquidity ratio: 3.60
Return on total capital [%]: -6.31
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 84.75
Liquidity ratio: 3.57
Return on total capital [%]: 2.87
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 84.04
Liquidity ratio: 10.00
Return on total capital [%]: 9.54
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 81.71
Liquidity ratio: 10.00
Return on total capital [%]: 10.61
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 232,131,197.07
Fixed
assets EUR 83,806,070.94
Intangible
assets EUR 4,678,270.50
Concessions, licences, rights
EUR 2,413,142.88
Advance
payments for intang. assets EUR 2,265,127.62
Tangible
assets EUR 25,028,393.83
Land /
similar rights EUR 1,161,657.60
Plant /
machinery EUR 3,348,312.50
Other
tangible assets / fixtures and
fittings
EUR 20,518,423.73
Financial
assets EUR 54,099,406.61
Shares in
participations /
subsidiaries and the like
EUR 54,099,406.61
Shares in
related companies EUR 54,099,406.61
Current
assets EUR 147,737,795.13
Stocks EUR 50,816,872.98
Raw
materials, consumables and
supplies EUR 2,430,283.15
Finished
goods / work in progress EUR 48,351,663.59
Advance
payments made EUR 34,926.24
Accounts
receivable EUR 77,559,179.47
Trade
debtors EUR 25,689,511.65
Amounts due
from related companies EUR 37,079,223.02
Other
debtors and assets EUR 14,790,444.80
Liquid
means EUR 19,361,742.68
Remaining
other assets EUR 587,331.00
Accruals
(assets) EUR 587,331.00
LIABILITIES EUR 232,131,197.07
Shareholders'
equity EUR 185,255,018.17
Capital EUR 101,000.00
Subscribed
capital (share capital) EUR 101,000.00
Reserves
EUR 15,631,793.39
Capital
reserves EUR 631,793.39
Retained
earnings / revenue reserves EUR
15,000,000.00
Balance
sheet profit/loss (+/-) EUR 169,522,224.78
Balance
sheet profit / loss EUR 169,522,224.78
Provisions EUR 5,991,930.35
Provisions
for taxes EUR 738,927.50
Other /
unspecified provisions EUR 5,253,002.85
Liabilities EUR 40,884,248.55
Financial
debts EUR 3,033,333.36
Liabilities
due to banks EUR 3,033,333.36
Other
liabilities EUR 37,850,915.19
Trade
creditors (for IAS incl. bills
of
exchange) EUR
5,613,811.16
Liabililties due to related companiesEUR 27,046,244.86
Unspecified
other liabilities EUR 5,190,859.17
thereof
liabilities from tax /
financial
authorities EUR 2,843,117.55
thereof
liabilities from social
security
EUR 200.00
Guarantees
and other commitments EUR 5,037,000.00
Guarantees /
warranties EUR 5,037,000.00
Guarantees EUR 5,037,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 225,687,038.96
Other
operating income EUR 3,440,482.04
Cost of
materials EUR 157,904,998.70
Raw
materials and supplies, purchased
goods EUR 117,270,078.69
Purchased
services EUR 40,634,920.01
Gross result
(+/-) EUR 71,222,522.30
Staff
expenses EUR 27,148,849.39
Wages and
salaries EUR 23,378,252.19
Social
security contributions and
expenses for
pension plans and
benefits EUR 3,770,597.20
Total
depreciation EUR 7,345,952.46
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 7,345,952.46
Other
operating expenses EUR 41,776,536.79
Operating
result from continuing
operations EUR -5,048,816.34
Result from
participating interests
(+/-) EUR
3,695,243.04
Expenses /
income from participations EUR
3,695,243.04
Income from
transfer of profits EUR 3,695,243.04
Interest
result (+/-) EUR -1,135,345.50
Interest and
similar income EUR 460,378.50
thereof
from related companies EUR 46,256.05
Interest and
similar expenses EUR 1,595,724.00
thereof
paid to related companies EUR 1,514,224.00
Other financial
result EUR -14,335,331.74
Depreciation
on financial assets and
marketable
securities EUR 14,335,331.74
Financial
result (+/-) EUR -11,775,434.20
Result from
ordinary operations (+/-) EUR -16,824,250.54
Income tax /
refund of income tax (+/-)EUR
2,248,940.04
Other taxes /
refund of taxes EUR -63,167.20
Tax
(+/-)
EUR 2,185,772.84
Annual
surplus / annual deficit EUR -14,638,477.70
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2012 - 31.12.2012
ASSETS EUR 274,354,496.94
Fixed
assets EUR
127,747,749.74
Intangible
assets EUR 3,513,225.30
Concessions, licences, rights
EUR 2,567,973.85
Advance
payments for intang. assets EUR 945,251.45
Tangible
assets EUR 26,440,871.37
Land /
similar rights EUR 1,016,558.22
Plant /
machinery EUR 4,017,975.00
Other
tangible assets / fixtures and
fittings
EUR 21,406,338.15
Financial
assets EUR 97,793,653.07
Shares in
participations /
subsidiaries and the like
EUR 97,793,653.07
Shares in
related companies EUR 65,058,653.07
Shares in
investee companies EUR 32,735,000.00
Current
assets EUR 146,522,488.04
Stocks EUR 55,132,406.81
Raw
materials, consumables and
supplies EUR 1,024,996.90
Finished
goods / work in progress EUR 53,990,417.49
Advance
payments made EUR 116,992.42
Accounts
receivable EUR 76,244,206.67
thereof
total due from shareholders EUR 744,000.00
Trade
debtors EUR 24,600,049.79
Amounts due
from related companies EUR 33,416,931.90
Other
debtors and assets EUR 18,227,224.98
Liquid means EUR 15,145,874.56
Remaining
other assets EUR 84,259.16
Accruals
(assets) EUR 84,259.16
LIABILITIES EUR 274,354,496.94
Shareholders'
equity EUR 232,628,495.87
Capital EUR 101,000.00
Subscribed
capital (share capital) EUR 101,000.00
Reserves
EUR 15,631,793.39
Capital
reserves EUR 631,793.39
Retained
earnings / revenue reserves EUR
15,000,000.00
Balance
sheet profit/loss (+/-) EUR 216,895,702.48
Balance
sheet profit / loss EUR 216,895,702.48
Provisions EUR 5,448,685.96
Provisions
for taxes EUR 1,599,746.25
Other /
unspecified provisions EUR 3,848,939.71
Liabilities EUR 36,277,315.11
Financial
debts EUR 3,266,666.68
Liabilities
due to banks EUR 3,266,666.68
Other
liabilities EUR 33,010,648.43
Trade
creditors (for IAS incl. bills
of
exchange)
EUR 2,952,734.80
Liabililties due to related companiesEUR 25,229,174.94
Unspecified
other liabilities EUR 4,828,738.69
thereof
liabilities from tax /
financial
authorities EUR 2,240,888.57
thereof
liabilities from social
security
EUR 0.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 231,044,384.74
Other
operating income EUR 4,882,455.88
Cost of
materials EUR 148,008,236.25
Raw
materials and supplies, purchased
goods EUR 109,088,068.65
Purchased
services EUR 38,920,167.60
Gross result
(+/-) EUR 87,918,604.37
Staff
expenses EUR 25,659,930.67
Wages and
salaries EUR 21,850,887.19
Social
security contributions and
expenses for
pension plans and
benefits
EUR 3,809,043.48
Total
depreciation EUR 9,202,342.38
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 9,202,342.38
Other
operating expenses EUR 37,159,568.12
Operating
result from continuing
operations EUR 15,896,763.20
Result from
participating interests
(+/-) EUR 3,670,445.49
Expenses /
income from participations EUR
3,670,445.49
Income from
transfer of profits EUR 3,670,445.49
Interest
result (+/-) EUR -1,001,869.94
Interest and
similar income EUR 614,749.03
thereof
from related companies EUR 103,568.07
Interest and
similar expenses EUR 1,616,618.97
thereof
paid to related companies EUR 1,585,966.00
Other
financial result EUR -4,019,000.00
Depreciation
on financial assets and
marketable
securities EUR 4,019,000.00
Financial
result (+/-) EUR -1,350,424.45
Result from
ordinary operations (+/-) EUR 14,546,338.75
Income tax /
refund of income tax (+/-)EUR
-6,688,956.30
Other taxes /
refund of taxes EUR -5,930.93
Tax
(+/-)
EUR -6,694,887.23
Annual
surplus / annual deficit EUR 7,851,451.52
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.11 |
|
|
1 |
Rs.97.84 |
|
Euro |
1 |
Rs.71.12 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.