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Report No. : |
340870 |
|
Report Date : |
12.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
BIG ARBEITSSCHUTZ GMBH |
|
|
|
|
Registered Office : |
Königsberger Str. 6, D 21244 Buchholz |
|
|
|
|
Country : |
Germany |
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|
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Financials (as on) : |
31.12.2013 |
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|
|
Year of Establishment : |
1983 |
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|
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Legal Form : |
Private Limited Company |
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|
Line of Business : |
Subject is engaged in wholesale of other
equipment and accessories for machinery and technical supplies |
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No. of Employee : |
35 |
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 |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
BIG
ARBEITSSCHUTZ GMBH
Company Status: active
Königsberger Str. 6
D 21244 Buchholz
Telephone:04181/9095-0
Telefax:
04181/9095-55
Homepage: www.big-arbeitsschutz.de
E-mail:
info@big-arbeitsschutz.de
VAT no.: DE114955850
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1983
Shareholders'
agreement: 15.02.1985
Registered on: 15.05.1985
Commercial
Register: Local
court 21255 Tostedt
under: HRB
2755
EUR
1,000,000.00
Marc Pingel
Falkenweg 14c
D 21244 Buchholz
born: 20.01.1968
Share: EUR 531,988.00
Shareholder:
Cornelia Gröning
Am Petersberg 28
D 21407 Deutsch Evern
born: 21.06.1956
Share: EUR 378,928.00
Shareholder:
Carsten von Ewegen
Rehkamp 37a
D 21244 Buchholz
born: 25.05.1965
Share: EUR 89,084.00
Carsten von Ewegen
Rehkamp 37a
D 21244 Buchholz
having sole power of
representation
born: 25.05.1965
Profession: Businessman
Marital status: unknown
Manager:
Marc Pingel
Falkenweg 14c
D 21244 Buchholz
having sole power of
representation
born: 20.01.1968
Profession: Businessman
Marital status:
married
Regine Rudolf
D 21698 Harsefeld
having sole power of
representation
born: 21.10.1953
née: Dittmer
Profession: Businessman
Marital status: married
Proxy:
Uwe Blanck
D 21256 Handeloh
having sole power of
representation
born: 31.07.1961
Marital status: unknown
Further functions/participations of Marc
Pingel (Manager)
Shareholder:
Anders Gastronomie GmbH
Breite Str. 17
D 21244 Buchholz
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 22.02.2013
Reg. data: 21255
Tostedt, HRB 203829
04.04.1997 - 15.10.1997 Bergk Import GmbH
Neue Str. 12
D 21244 Buchholz
Private limited
company
16.10.1997 - 14.11.2000 Bergk Import GmbH
Königsberger Str. 8
D 21244 Buchholz
Private limited
company
15.11.2000 - 24.04.2007 BIG Arbeitsschutz GmbH
Königsberger Str. 8
D 21244 Buchholz
Private limited
company
Main industrial sector
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
General partner:
AGKI Arbeitsgemeinschaft
der
Körperschutzimporteure
GbR
D 21244 Buchholz
Legal form: Partnership
under the Civil Code
Company Status: active
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: proprietor
Share: 100.00 %
Address Königsberger
Str. 6
D 21244
Buchholz
Real Estate of: Marc
Pingel
Type of ownership: Tenant
Address Falkenweg
14c
D 21244 Buchholz
Real Estate of: Carsten
von Ewegen
Type of ownership: Tenant
Address Rehkamp
37a
D 21244 Buchholz
Real Estate of: Marc
Pingel
Type of ownership: Tenant
Address Falkenweg
14c
D 21244 Buchholz
Land register documents were not available.
NORDDEUTSCHE LANDESBANK GIROZENTRALE, 20408
HAMBURG
Sort. code: 25050000
BIC: NOLADE2HXXX
HAMBURGER SPARKASSE, 20454 HAMBURG
Sort.
code: 20050550
BIC: HASPDEHHXXX
Turnover: 2013 EUR 48,939,860.00
2014
EUR 50,000,000.00
Profit: 2013 EUR 5,393,945.00
further business figures:
Equipment: EUR 738,971.00
Ac/ts receivable: EUR
4,133,290.00
Liabilities: EUR 12,625,700.00
Total numbers of vehicles: 5
-
Passenger cars: 5
Employees:
35
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 81.16
Liquidity ratio: 3.96
Return on total capital [%]: 24.25
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 73.94
Liquidity ratio: 1.01
Return
on total capital [%]: 26.87
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 74.56
Liquidity ratio: 0.92
Return on total capital [%]: 33.10
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 69.79
Liquidity ratio: 1.60
Return on total capital [%]: 33.84
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: 01.01.2013 - 31.12.2013
ASSETS EUR 22,240,425.21
Fixed assets
EUR 3,721,851.46
Intangible assets
EUR 57,130.01
Concessions, licences, rights
EUR 57,130.01
Tangible assets
EUR 3,258,628.57
Land / similar rights
EUR 2,519,657.57
Other tangible assets / fixtures and
fittings
EUR 738,971.00
Financial assets
EUR 406,092.88
Shares in participations /
subsidiaries and the like
EUR 406,092.88
Shares in investee companies
EUR 406,092.88
Current assets EUR 18,438,354.39
Stocks
EUR 11,370,694.92
Finished goods / work in progress
EUR 10,934,437.58
Advance payments made
EUR 436,257.34
Accounts receivable EUR 4,133,289.80
Trade debtors
EUR 3,987,952.80
Other debtors and assets
EUR 145,337.00
Liquid means
EUR 2,934,369.67
Remaining
other assets EUR 80,219.36
Accruals (assets)
EUR 16,506.36
Active difference from asset
offsetting
EUR 63,713.00
LIABILITIES EUR 22,240,425.21
Shareholders' equity
EUR 9,402,092.88
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves EUR 3,000,000.00
Retained earnings / revenue reserves EUR 3,000,000.00
Balance sheet profit/loss (+/-)
EUR 5,402,092.88
Balance sheet profit / loss
EUR 5,402,092.88
Provisions
EUR 207,140.00
Other / unspecified provisions
EUR 207,140.00
Liabilities
EUR 12,625,700.33
Financial debts
EUR 200,000.00
Liabilities due to banks
EUR 200,000.00
Other liabilities
EUR 12,425,700.33
Trade creditors (for IAS incl. bills
of exchange)
EUR 364,068.73
Unspecified other liabilities EUR 12,061,631.60
Other liabilities
EUR 5,492.00
Deferrals (liabilities)
EUR 5,492.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 48,939,860.31
Other operating income
EUR 307,500.15
Cost of materials
EUR 33,098,040.28
Raw
materials and supplies, purchased
goods
EUR 33,088,193.12
Purchased services
EUR 9,847.16
Gross result (+/-)
EUR 16,149,320.18
Staff expenses EUR 3,153,302.36
Wages and salaries
EUR 2,809,962.27
Social security contributions and
expenses for pension plans and
benefits
EUR 343,340.09
Total depreciation EUR 284,762.69
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 284,762.69
Other operating expenses
EUR 4,661,084.81
Operating result from continuing
operations
EUR 8,050,170.32
Expenses for the transfer of losses
EUR 1,699.76
Interest result (+/-)
EUR -600,664.18
Interest and similar income
EUR 13,659.05
Interest and similar expenses
EUR 614,323.23
Financial result (+/-)
EUR -602,363.94
Result from ordinary operations (+/-)
EUR 7,447,806.38
Income tax / refund of income tax (+/-)EUR -2,043,388.22
Other taxes / refund of taxes
EUR -10,473.61
Tax
(+/-)
EUR -2,053,861.83
Annual surplus / annual deficit
EUR 5,393,944.55
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR
20,792,701.77
Fixed assets
EUR 3,444,973.52
Intangible assets
EUR 82,232.00
Concessions, licences, rights
EUR 82,232.00
Tangible assets EUR 3,306,673.75
Land / similar rights
EUR 2,545,340.75
Other tangible assets / fixtures and
fittings
EUR 761,333.00
Financial assets
EUR 56,067.77
Shares in participations /
subsidiaries and the like
EUR 56,067.77
Shares in investee companies
EUR 56,067.77
Current assets
EUR 17,276,247.65
Stocks
EUR 12,005,320.89
Finished goods / work in progress
EUR 11,776,771.59
Advance payments made
EUR 228,549.30
Accounts receivable
EUR 4,270,106.67
Trade debtors
EUR 3,591,461.78
Other debtors and assets
EUR 678,644.89
Liquid means
EUR 1,000,820.09
Remaining other assets
EUR 71,480.60
Accruals (assets)
EUR 19,169.60
Active difference from asset
offsetting
EUR 52,311.00
LIABILITIES EUR 20,792,701.77
Shareholders' equity
EUR 7,837,629.81
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 3,000,000.00
Retained earnings / revenue reserves EUR 3,000,000.00
Balance sheet profit/loss (+/-)
EUR 3,837,629.81
Balance sheet profit / loss
EUR 3,837,629.81
Provisions EUR 171,460.00
Other / unspecified provisions
EUR 171,460.00
Liabilities
EUR 12,778,119.96
Financial debts
EUR 1,187,890.65
Liabilities due to banks
EUR 1,187,890.65
Other liabilities
EUR 11,590,229.31
Trade creditors (for IAS incl. bills
of exchange)
EUR 268,286.51
Unspecified other liabilities
EUR 11,321,942.80
Other liabilities
EUR 5,492.00
Deferrals (liabilities)
EUR 5,492.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 46,710,143.76
Other operating income
EUR 822,944.34
Cost of materials
EUR 31,067,135.89
Raw materials and supplies, purchased
goods EUR 31,067,135.89
Gross result (+/-)
EUR 16,465,952.21
Staff expenses
EUR 2,984,293.10
Wages and salaries
EUR 2,630,616.55
Social security contributions and
expenses for pension plans and
benefits
EUR 353,676.55
Total depreciation
EUR 278,409.94
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 278,409.94
Other operating expenses
EUR 4,920,420.84
Operating result from continuing
operations
EUR 8,282,828.33
Result from participating interests
(+/-)
EUR -1,119.47
Expenses for participations
EUR 1,119.47
Expenses for other participations
EUR 1,119.47
Interest result (+/-)
EUR -590,088.73
Interest and similar income
EUR 14,852.59
Interest and similar expenses
EUR 604,941.32
Financial result (+/-)
EUR -591,208.20
Result
from ordinary operations (+/-) EUR 7,691,620.13
Income tax / refund of income tax (+/-)EUR -2,092,817.82
Other taxes / refund of taxes
EUR -11,399.65
Tax
(+/-)
EUR -2,104,217.47
Annual surplus / annual deficit
EUR 5,587,402.66
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.39 |
|
|
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.74.90 |
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.