|
Report No. : |
286230.2 |
|
Report Date : |
24.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
BRAUNFORM GMBH |
|
|
|
|
Registered Office : |
Unter Gereuth 7 + 14, D 79353 Bahlingen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Year of Establishment : |
1977 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Wholesale of hardware, plumbing and
heating equipment and supplies |
|
|
|
|
No. of Employee : |
298 |
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, has 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 2013. The new German government introduced a minimum wage of $11 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%. 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 hopes to replace nuclear power with renewable energy. 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 |
BRAUNFORM GMBH
Company Status: active
Unter Gereuth 7 + 14
D 79353 Bahlingen
Telephone:07663/9320-0
Telefax: 07663/9320-139
Homepage:
www.braunform.com
E-mail: info@braunform.com
VAT
no.: DE811179799
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1977
Shareholders'
agreement: 01.04.1977
Registered on: 28.04.1977
Commercial Register: Local court 79098
Freiburg
under: HRB 270086
EUR
520,000.00
Erich Braun
Im Speicher 30
D 79353 Bahlingen
born: 20.04.1945
Share: EUR 390,000.00
Shareholder
Elke Braun
Im Speicher 30
D 79353 Bahlingen
Share: EUR 130,000.00
Erich Braun
Im Speicher 30
D 79353 Bahlingen
having sole power of
representation
born: 20.04.1945
Profession: Master
toolmaker
Marital status: married
Manager:
Pamela Braun
Im Speicher 30
D 79353 Bahlingen
born: 16.04.1971
Profession: Management
expert
Elke Braun
Im Speicher 30
D 79353 Bahlingen
Profession: Businessman
Marital status: married
Proxy:
Eckard Herb
Marienstr. 9
D 79346 Endingen
authorized to jointly represent the company
born: 01.10.1952
Marital status: married
Proxy:
Klaus Bühler
Teninger Str. 38
D 79353 Bahlingen
authorized to jointly
represent the company
born: 15.10.1964
Proxy:
Oliver Bornhäuser
D 79359 Riegel
authorized to jointly
represent the company
born: 02.12.1969
Proxy:
Emmanuel Foyer
F Selestat
authorized to jointly
represent the company
born: 07.04.1972
Nationality: French
Further functions/participations of Erich
Braun (Manager)
Limited partner:
Braun GmbH & Co. KG
Unter Gereuth 7
D 79353 Bahlingen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 51,000.00
Registered
on: 10.10.2005
Reg. data: 79098 Freiburg, HRA 270462
Manager:
Braun Beteiligungs GmbH
Unter Gereuth 7
D 79353 Bahlingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 06.10.2005
Reg. data: 79098 Freiburg, HRB 270815
Further functions/participations of Pamela
Braun (Manager)
Limited partner:
Braun GmbH & Co. KG
Unter Gereuth 7
D 79353 Bahlingen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 49,000.00
Registered
on: 10.10.2005
Reg. data: 79098 Freiburg, HRA 270462
Manager:
Braun Beteiligungs GmbH
Unter Gereuth 7
D 79353 Bahlingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 06.10.2005
Reg. data: 79098 Freiburg, HRB 270815
28.04.1977 - 29.12.1995 Braun & Keller GmbH Präzisionsformenbau
D 79353 Bahlingen
Private limited
company
30.12.1995 - 06.10.2005 Braun Formenbau GmbH
Unter Gereuth 14
D 79353 Bahlingen
Private limited
company
Main industrial sector
2573
Manufacture of tools
28990
Manufacture of other special-purpose machinery n.e.c.
46692
Wholesale of other machinery
4674
Wholesale of hardware, plumbing and heating equipment and
supplies
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 Unter Gereuth 7 + 14
D 79353 Bahlingen
Land register documents were not available.
Principal bank
SPARKASSE
FREIBURG-NÖRDLICHER BREISGAU, 79098 FREIBURG IM
BREISGAU
Sort. code: 68050101
BIC: FRSPDE66XXX
Further bank
DEUTSCHE BANK, 79004 FREIBURG IM BREISGAU
Sort. code: 68070030
BIC: DEUTDE6FXXX
Gross profit or loss:2013 EUR 26,436,137.00
Profit: 2013 EUR 1,483,618.00
Equipment: EUR 2,103,143.00
Ac/ts receivable: EUR 7,695,818.00
Liabilities:
EUR 3,539,428.00
Employees:
298
-
thereof permanent staff: 261
-
Trainees:
37
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 66.07
Liquidity ratio: 2.28
Return on total capital [%]: 7.90
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 61.24
Liquidity ratio: 1.60
Return on total capital [%]: 13.09
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 50.71
Liquidity ratio: 1.29
Return on total capital [%]: 6.11
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 58.41
Liquidity ratio: 2.46
Return on total capital [%]: 6.55
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.
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.
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 19,001,823.89
Fixed assets
EUR 9,363,072.76
Intangible assets
EUR 448,066.93
Tangible assets
EUR 8,915,005.83
Land / similar rights
EUR 542,309.68
Plant / machinery
EUR 6,269,552.69
Other tangible assets / fixtures and
fittings
EUR 2,103,143.46
Current
assets EUR 9,542,573.45
Stocks
EUR 1,686,060.42
Received advance payments for orders
(depreciated on the assets side)
EUR -7,296,230.01
Accounts receivable
EUR 7,695,817.65
Amounts due from investee companies
EUR 3,330,831.34
Other debtors and assets
EUR 4,364,986.31
Liquid means
EUR 160,695.38
Remaining
other assets EUR 96,177.68
Accruals (assets)
EUR 96,177.68
LIABILITIES EUR 19,001,823.89
Shareholders' equity
EUR 12,630,793.88
Capital
EUR 520,000.00
Subscribed capital (share capital)
EUR 520,000.00
Reserves
EUR 393,694.75
Retained earnings / revenue reserves EUR
393,694.75
Balance sheet profit/loss (+/-)
EUR 11,717,099.13
Balance sheet profit / loss
EUR 11,717,099.13
Provisions
EUR 2,831,602.01
Liabilities EUR 3,539,428.00
Financial debts
EUR 1,774,629.55
Liabilities due to banks
EUR 1,774,629.55
Other liabilities
EUR 1,764,798.45
Unspecified other liabilities
EUR 1,764,798.45
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 26,436,136.52
Staff expenses
EUR 15,917,027.39
Wages and salaries
EUR 13,076,730.73
Social security contributions and
expenses for pension plans and
benefits
EUR 2,840,296.66
Total depreciation
EUR 2,550,140.55
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,550,140.55
Other operating expenses
EUR 5,722,273.88
Operating result from continuing
operations
EUR 2,246,694.70
Interest result (+/-)
EUR -48,776.52
Interest and similar income
EUR 156,468.57
thereof from related companies
EUR 142,972.49
Interest and similar expenses
EUR 205,245.09
Financial result (+/-)
EUR -48,776.52
Result from ordinary operations (+/-)
EUR 2,197,918.18
Income tax / refund of income tax (+/-)EUR -704,501.03
Other taxes / refund of taxes
EUR -9,799.50
Tax
(+/-)
EUR -714,300.53
Annual surplus / annual deficit
EUR 1,483,617.65
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 18,080,256.61
Fixed assets
EUR 8,719,562.22
Intangible assets
EUR 390,029.50
Tangible assets
EUR 8,329,532.72
Land / similar rights
EUR 386,335.35
Plant / machinery
EUR 5,901,992.70
Other tangible assets / fixtures and
fittings
EUR 2,041,204.67
Current assets
EUR 9,301,185.17
Stocks
EUR 2,901,940.81
Accounts receivable
EUR 6,290,927.91
Amounts due from investee companies
EUR 3,057,030.74
Other debtors and assets
EUR 3,233,897.17
Liquid means
EUR 108,316.45
Remaining other assets
EUR 59,509.22
Accruals (assets)
EUR 59,509.22
LIABILITIES EUR 18,080,256.61
Shareholders' equity
EUR 11,147,176.23
Capital
EUR 520,000.00
Subscribed capital (share capital)
EUR 520,000.00
Reserves
EUR 393,694.75
Retained earnings / revenue reserves EUR 393,694.75
Balance sheet profit/loss (+/-)
EUR 10,233,481.48
Balance sheet profit / loss
EUR 10,233,481.48
Provisions
EUR 2,889,879.41
Liabilities
EUR 4,043,200.97
Financial debts
EUR 2,255,859.02
Liabilities due to banks
EUR 2,255,859.02
Other liabilities
EUR 1,787,341.95
Unspecified
other liabilities EUR 1,787,341.95
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 24,514,643.18
Staff expenses
EUR 14,100,229.39
Wages and salaries
EUR 11,465,027.43
Social security contributions and
expenses for pension plans and
benefits
EUR 2,635,201.96
Total depreciation EUR 2,073,475.92
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,073,475.92
Other operating expenses
EUR 5,084,466.40
Operating result from continuing
operations
EUR 3,256,471.47
Interest result (+/-)
EUR -50,700.69
Interest and similar income
EUR 200,050.41
thereof from related companies
EUR 125,682.03
Interest and similar expenses
EUR 250,751.10
Financial result (+/-)
EUR -50,700.69
Result from ordinary operations (+/-)
EUR 3,205,770.78
Income tax / refund of income tax (+/-)EUR -859,505.04
Other taxes / refund of taxes
EUR -5,437.00
Tax
(+/-)
EUR -864,942.04
Annual surplus / annual deficit
EUR 2,340,828.74
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.29 |
|
|
1 |
Rs.93.20 |
|
Euro |
1 |
Rs.67.36 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.