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Report No. : |
347267 |
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Report Date : |
02.11.2015 |
IDENTIFICATION DETAILS
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Name : |
BRUNNER ENGINEERING GMBH & CO. KG |
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Registered Office : |
Draisstr. 11, D 76448 Durmersheim |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
1999 |
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Com. Reg. No.: |
HRA 521182 |
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Legal Form : |
Limited Partnership With Private Limited Company As General Partner |
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Line of Business : |
· Manufacture of other general-purpose machinery · Wholesale of other machinery |
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No. of Employees : |
18 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 |
|
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 |
BRUNNER ENGINEERING GMBH & CO. KG
Company Status: active
Draisstr. 11
D 76448 Durmersheim
Telephone:07245/9266-0
Telefax: 07245/9266-34
Homepage: www.brunner-kartonierer.com
E-mail:
info@brunner-kartonierer.de
VAT
no.: DE218363932
Tax
ID number: 39453/98802
Business relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd.
company as
general partner
Date of foundation: 1999
Registered on: 25.10.2001
Register of
companies: Local court 68159 Mannheim
under: HRA 521182
Total cap. contribution: EUR 25,000.00
Limited partner:
JEB - Maschinenbau GmbH
Dieselstr. 7
D 76448 Durmersheim
Legal form: Private limited
company
Share capital: EUR 50,000.00
Share: EUR 25,000.00
Registered on: 25.03.1986
Reg. data: 68159
Mannheim, HRB 520886
General partner:
Brunner Verwaltungs GmbH
Draisstr. 11
D 76448 Durmersheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 08.10.2001
Reg. data: 68159
Mannheim, HRB 522120
Shareholder:
Brunner Engineering GmbH
& Co. KG
Draisstr. 11
D 76448 Durmersheim
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 25,000.00
contribution:
Share: EUR 25,000.00
Registered on: 25.10.2001
Reg. data: 68159
Mannheim, HRA 521182
Manager:
Ludwig Brunner
Bachstr. 39
D 76287 Rheinstetten
having sole power of
representation
born: 29.06.1951 in
Karlsruhe
Profession: Engineer
Marital status: married
Manager:
Ralf Mohr
D 67433 Neustadt
having sole power of
representation
born: 28.12.1961
12.02.1999 - 24.10.2001 Brunner Engineering GmbH
Draisstr. 11
D 76448 Durmersheim
Private limited
company
Main industrial sector
28290
Manufacture of other general-purpose machinery
46692
Wholesale of other machinery
Shareholder:
Brunner Verwaltungs GmbH
Draisstr. 11
D 76448 Durmersheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 08.10.2001
Local court
68159 Mannheim
HRB 522120
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2014
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 Draisstr. 11
D 76448 Durmersheim
Real Estate of: Brunner Verwaltungs GmbH
Type of ownership: Tenant
Address Draisstr. 11
D 76448 Durmersheim
Land register documents were not available.
COMMERZBANK
VORMALS DRESDNER BANK, 76481 BADEN-BADEN
Sort. code: 66280053, Account no.: 0630099600
BIC: DRESDEFF662, IBAN: DE93662800530630099600
Turnover: 2013 EUR 1,917,283.00
2014 *EUR 1,980,000.00
Expected turnover: *EUR 1,500,000.00
Profit: 2013 EUR -42,322.00
further business figures:
Equipment: *EUR 132,000.00
Ac/ts receivable: EUR 648,381.00
Liabilities: EUR 2,675,434.00
Total numbers of vehicles: 1
-
Lorries: 1
Employees:
18
-
thereof permanent staff: 14
-
Part-time employees: 1
-
Freelancer: 1
-
Temporary workers: 2
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 [%]: 49.49
Liquidity ratio: 0.52
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 73.80
Liquidity ratio: 1.03
Return on total capital [%]: -2.18
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: electronic German Federal Gazette
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 2,791,860.34
Fixed assets
EUR 481,067.12
Intangible assets
EUR 163,238.02
Tangible assets
EUR 71,623.04
Financial assets
EUR 246,206.06
Other / unspecified financial assets EUR 246,206.06
Current assets
EUR 2,306,974.83
Stocks
EUR 1,576,984.91
Accounts receivable
EUR 648,380.50
Liquid means EUR 81,609.42
Remaining other assets
EUR 3,818.39
Accruals (assets)
EUR 3,818.39
LIABILITIES EUR 2,791,860.34
Shareholders' equity
EUR 75,000.00
Capital
EUR 25,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 25,000.00
Reserves EUR 50,000.00
Provisions
EUR 41,426.00
Liabilities
EUR 2,675,434.34
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 1,939,432.80
Fixed assets
EUR 499,549.12
Intangible assets EUR 176,874.02
Concessions, licences, rights
EUR 176,874.02
Tangible assets
EUR 76,469.04
Plant / machinery
EUR 60,020.51
Other tangible assets / fixtures and
fittings
EUR 16,448.53
Financial assets
EUR 246,206.06
Current assets
EUR 1,420,266.09
Stocks
EUR 927,219.34
Raw materials, consumables and
supplies
EUR 99,130.84
Finished goods / work in progress
EUR 828,088.50
Accounts receivable
EUR 466,386.67
Trade debtors
EUR 98,751.53
Other debtors and assets
EUR 367,635.14
Liquid means
EUR 26,660.08
Remaining other assets
EUR 19,617.59
Accruals (assets)
EUR 19,617.59
LIABILITIES EUR 1,939,432.80
Shareholders' equity
EUR 32,677.82
Capital EUR 25,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 25,000.00
Reserves
EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR -42,322.18
Profit / loss brought forward
EUR -42,322.18
Provisions
EUR 27,356.00
Provisions for taxes
EUR 2,356.00
Other / unspecified provisions EUR 25,000.00
Liabilities
EUR 1,879,398.98
Financial debts
EUR 277,599.79
Liabilities due to banks
EUR 277,599.79
Other liabilities EUR 1,601,799.19
Trade creditors (for IAS incl. bills
of exchange)
EUR 67,180.43
Liabilities from received advance
payments
EUR 86,252.40
Liabilities due to shareholders
EUR 1,398,620.46
Unspecified other liabilities
EUR 49,745.90
thereof liabilities from tax /
financial authorities
EUR 27,220.45
Guarantees and other commitments
EUR 558,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 1,917,282.82
Inventory change + own costs (+/-)
EUR -271,171.00
Inventory change (+/-)
EUR -271,171.00
Other operating income
EUR 51,185.93
Cost of materials
EUR 684,687.80
Raw materials and supplies, purchased
goods EUR 377,864.31
Purchased services
EUR 306,823.49
Gross result (+/-)
EUR 1,012,609.95
Staff expenses
EUR 844,438.31
Wages and salaries
EUR 695,075.82
Social security contributions and
expenses for pension plans and
benefits
EUR 149,362.49
Total depreciation
EUR 43,224.44
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 43,224.44
Other operating expenses
EUR 155,234.34
Operating result from continuing
operations
EUR -30,287.14
Interest result (+/-)
EUR -11,825.04
Interest and similar income
EUR 6,666.57
Interest and similar expenses
EUR 18,491.61
Financial result (+/-)
EUR -11,825.04
Result from ordinary operations (+/-)
EUR -42,112.18
Other taxes / refund of taxes
EUR -210.00
Tax
(+/-) EUR -210.00
Annual surplus / annual deficit
EUR -42,322.18
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
|
|
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
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|
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.