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Report No. : |
352566 |
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Report Date : |
28.11.2015 |
IDENTIFICATION DETAILS
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Name : |
GEPPERT BAND GMBH |
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Registered Office : |
Karl-Heinz-Beckurts-Str. 7, D 52428
Jülich |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Year of Establishment : |
1965 |
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Com. Reg. No.: |
HRB 3535 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture
of lifting and handling equipment ·
Manufacture
of machinery for metallurgy ·
Wholesale
of other machinery |
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|
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No. of Employees : |
19 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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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 |
GEPPERT
BAND GMBH
Company Status: active
Karl-Heinz-Beckurts-Str.
7
D 52428 Jülich
Telephone:02461/93767-0
Telefax: 02461/93767-30
Homepage:
www.geppert-band.de
E-mail: info@geppert-band.de
DE122281651
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1965
Registered on: 08.03.1978
Commercial Register: Local court 52349 Düren
under: HRB
3535
Share capital: EUR 100,000.00
Shareholder:
Dr.jur. Ludwig Blesinger
Steinhauser Bergstr. 64
D 42389 Wuppertal
born: 23.09.1932
Share: EUR 50,000.00
Shareholder:
Thomas Blesinger
D 52428 Jülich
born: 01.01.1966
Share: EUR 50,000.00
Manager:
Dr.jur. Ludwig Blesinger
Steinhauser Bergstr. 64
D 42389 Wuppertal
having sole power of
representation
born: 23.09.1932
Profession: Solicitor
Marital status: married
Manager:
Thomas Blesinger
D 52428 Jülich
having sole power of
representation
born: 01.01.1966
Manager:
Carsten Hoeps
D 52428 Jülich
born: 27.07.1965
Proxy:
Anna Blesinger
D 52428 Jülich
authorized to jointly
represent the company
born: 02.06.1963
Further functions/participations of Dr.jur.
Ludwig Blesinger
(Manager)
General partner:
Thomas Blesinger &
Ludwig Blesinger
Niederfeld 4-6
D 52382 Niederzier
Legal form: Partnership
under the Civil Code
Free-lance
partner:
Blesinger, Wischermann
& Partner,
Rechtsanwälte
Untermauerstr. 22
D 58332 Schwelm
Legal form: Partnership
of free-lance
professionals
Registered
on: 28.10.1997
Reg. data: 45130 Essen,
296
Further functions/participations of Thomas
Blesinger (Manager)
General partner:
Thomas Blesinger &
Ludwig Blesinger
Niederfeld 4-6
D 52382 Niederzier
Legal form: Partnership
under the Civil Code
08.03.1978 - 26.11.2002 Geppert Band GmbH
Niederfeld 12
D 52382 Niederzier
Private limited
company
26.11.2002 - 03.03.2008 Geppert Band GmbH (bis 03.03.2008)
Niederfeld 4-6
D 52382 Niederzier
Private limited
company
Sectors
2822
Manufacture of lifting and handling equipment
28910
Manufacture of machinery for metallurgy
46692
Wholesale of other machinery
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2014
Type of ownership: Tenant
Address Karl-Heinz-Beckurts-Str. 7
D 52428 Jülich
Real Estate of: Dr.jur. Ludwig Blesinger
Type of ownership: proprietor
Share: 100.00 %
Address Steinhauser Bergstr. 64
D 42389 Wuppertal
Land register documents were not available.
SANTANDER CONSUMER BANK, 52062 AACHEN
Sort. code: 31010833
BIC: CCBADE31XXX
DEUTSCHE BANK, 52304 DÜREN, RHEINL
Sort. code: 39570061
BIC: DEUTDEDK395
COMMERZBANK VORMALS DRESDNER BANK, 52304
DÜREN, RHEINL
Sort. code: 39580041
BIC: DRESDEFF395
STADTSPARKASSE GEVELSBERG, 58265 GEVELSBERG
Sort. code: 45450050
BIC: WELADED1GEV
Turnover: 2014 *EUR 2,612,500.00
Profit:
2013 EUR 341,825.00
2014 EUR 546,398.00
further business figures:
Equipment: *EUR 114,000.00
Ac/ts receivable: EUR 306,826.00
Liabilities: EUR 1,400,635.00
Total numbers of vehicles: 6
-
Lorries:
1
-
Passenger cars: 5
Employees:
19
-
thereof permanent staff: 16
-
Temporary workers: 3
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 [%]: 50.70
Liquidity ratio: 0.30
Return on total capital [%]: 17.22
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 41.03
Liquidity ratio: 0.26
Return on total capital [%]: 11.49
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 33.61
Liquidity ratio: 0.20
Return on total capital [%]: 11.40
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 23.75
Liquidity ratio: 0.23
Return
on total capital [%]: 14.44
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 3,182,673.39
Fixed assets
EUR 1,712,383.64
Intangible assets
EUR 14,076.00
Tangible assets
EUR 1,698,307.64
Current assets
EUR 1,439,602.16
Stocks
EUR 736,698.02
Accounts receivable
EUR 306,825.98
Liquid means
EUR 396,078.16
Remaining other assets
EUR 30,687.59
Accruals (assets) EUR 30,687.59
LIABILITIES EUR 3,182,673.39
Shareholders' equity
EUR 1,617,926.29
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Balance sheet profit/loss (+/-)
EUR 1,517,926.29
Profit / loss brought forward
EUR 971,528.27
Annual surplus / annual deficit
EUR 546,398.02
Provisions EUR 164,112.50
Liabilities
EUR 1,400,634.60
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 3,025,430.94
Fixed assets
EUR 1,789,220.46
Intangible assets
EUR 13,135.00
Tangible assets
EUR 1,776,085.46
Current assets
EUR 1,195,047.32
Stocks
EUR 604,414.96
Accounts receivable
EUR 445,204.79
Liquid means
EUR 145,427.57
Remaining other assets
EUR 41,163.16
Accruals (assets)
EUR 41,163.16
LIABILITIES EUR 3,025,430.94
Shareholders' equity
EUR 1,271,528.27
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Balance sheet profit/loss (+/-)
EUR 1,171,528.27
Profit / loss brought forward
EUR 829,703.68
Annual surplus / annual deficit
EUR 341,824.59
Provisions
EUR 55,820.90
Liabilities
EUR 1,698,081.77
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.68 |
|
Euro |
1 |
Rs.70.88 |
|
EUR |
1 |
Rs.70.77 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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 |
|
|
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.