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Report No. : |
314197.2 |
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Report Date : |
26.03.2015 |
IDENTIFICATION DETAILS
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Name : |
BÜHLER
REDEX GMBH |
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Registered Office : |
Hanauer Str. 1-5 D 75181 Pforzheim |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
08.05.2009 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Manufacture of other general-purpose
machinery n.e.c. ·
Manufacture of metal forming machinery ·
Agents involved in the sale of machines
(except agricultural machineryand office machinery) and industrial supplies
n.e.c. ·
Wholesale of other equipment and
accessories for machinery and technical supplies |
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No. of Employees : |
35 |
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 : |
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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
Bühler
Redex GmbH
Hanauer Str. 1-5
D 75181 Pforzheim
Telephone:07231/7755-0
Telefax:
07231/7755-54
Homepage: www.buehler-wuerz.de
E-mail:
info@buehler-wuerz.de
Active
DE265479732
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 08.05.2009
Shareholders'
agreement: 08.05.2009
Registered on: 24.04.2013
Commercial
Register: Local court 68159 Mannheim
under: HRB
716866
Share capital: EUR 200,000.00
Shareholder:
B+R SAS, Société par
actions simpfifiée
Zone Industrielle
F 45210 Ferriéres
Legal form: Other legal
form
Share: EUR 120,000.00
Shareholder:
Raimund Würz
Am Schützenhaus 1
D 35759 Driedorf
born: 08.09.1958
Share: EUR 80,000.00
Manager:
Stefan Nixdorf
D 76131 Karlsruhe
authorized to jointly represent the company
born: 11.03.1966
Marital status: married
Manager:
Jacques Claude Jean Marie
Guyon
D 34431 Marsberg
having sole power of
representation
born: 10.09.1964
Further functions/participations of Stefan
Nixdorf (Manager)
Proprietor:
Stefan Nixdorf
Rathmecker Weg 32
D 58513 Lüdenscheid
Legal form: Unregistered
commercial
enterprise
Further functions/participations of Jacques
Claude Jean Marie
Guyon (Manager)
Shareholder:
Redex GmbH
Schillerstr. 16
D 34431 Marsberg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 5,000.00
Registered
on: 24.02.2006
Reg. data: 59821 Arnsberg, HRB 7446
Manager:
Redex GmbH
Schillerstr. 16
D 34431 Marsberg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 24.02.2006
Reg. data: 59821 Arnsberg, HRB 7446
15.05.2009 - 31.08.2009 Würz Vertriebsgesellschaft mbH
Am Schützenhaus 3
D 35759 Driedorf
Private limited
company
31.08.2009 - 24.04.2013 Bühler-Würz Kaltwalztechnik GmbH
Am Schützenhaus 3
D 35759 Driedorf
Private limited
company
24.04.2013 - 14.10.2015 Bühler-Würz Kaltwalztechnik GmbH
Hanauer Str. 1-5
D 75181 Pforzheim
Private limited
company
17.09.2009 - 14.03.2013 Manager
Raimund Würz
D 35759 Driedorf
Sectors
2829
Manufacture of other general-purpose machinery n.e.c.
2841
Manufacture of metal forming machinery
46141
Agents involved in the sale of machines (except
agricultural machineryand office machinery)
and industrial
supplies n.e.c.
46693
Wholesale of other equipment and accessories for
machinery and technical supplies
Payment experience: within
periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2014
Type of ownership: Tenant
Address Hanauer
Str. 1-5
D 75181 Pforzheim
Land register documents were not available.
VOLKSBANK
DILL VB UND RAIFFBK, 35759 DRIEDORF
Sort. code: 51690000
BIC: GENODE51DIL
Turnover: 2013 EUR 4,550,000.00
2014 EUR 4,550,000.00
Expected turnover: EUR 4,550,000.00
Profit: 2013 EUR 65,866.00
further business figures:
Ac/ts receivable: EUR 1,922,448.00
Liabilities: EUR 1,216,407.00
Employees:
35
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 16.02
Liquidity ratio: 2.18
Return on total capital [%]: -4.31
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 31.70
Liquidity ratio: 2.96
Return on total capital [%]: 1.65
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity
ratio [%]: 32.95
Liquidity ratio: 10.00
Return on total capital [%]: 1.41
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 24.33
Liquidity ratio: 10.00
Return on total capital [%]: 17.21
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 3,414,841.12
Fixed assets EUR
257,894.00
Intangible assets EUR 103,836.00
Tangible assets EUR 154,058.00
Current assets EUR 3,156,785.33
Stocks EUR 897,894.85
Received advance payments for orders
(depreciated on the assets side) EUR -564,500.00
Accounts receivable EUR 1,922,447.69
Liquid means EUR 336,442.79
Remaining other assets EUR 161.79
Accruals (assets) EUR 161.79
LIABILITIES EUR 3,414,841.12
Shareholders' equity EUR 590,527.51
Capital EUR 200,000.00
Subscribed capital (share capital) EUR 200,000.00
Balance sheet profit/loss (+/-) EUR 390,527.51
Balance sheet profit / loss EUR 390,527.51
Provisions EUR 1,607,906.48
Liabilities EUR 1,216,407.13
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 4,061,962.33
Fixed assets EUR 269,590.00
Intangible assets EUR 140,128.00
Tangible assets EUR 129,462.00
Current assets EUR 3,789,973.88
Stocks EUR 450,340.00
Received advance payments for orders
(depreciated on the assets side) EUR
-1,358,275.00
Accounts receivable EUR 2,077,266.62
Liquid means EUR 1,262,367.26
Remaining other assets EUR 2,398.45
Accruals (assets) EUR 2,398.45
LIABILITIES EUR 4,061,962.33
Shareholders' equity EUR 735,547.85
Capital EUR 200,000.00
Subscribed capital (share capital) EUR 200,000.00
Balance sheet profit/loss (+/-) EUR 535,547.85
Profit / loss brought forward EUR 469,681.50
Annual surplus / annual deficit EUR 65,866.35
Provisions EUR 762,499.65
Liabilities EUR 2,563,914.83
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
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UK Pound |
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
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Analysis Done by
: |
TRI |
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Report Prepared
by : |
TRU |
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.