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Report No. : |
340222 |
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Report Date : |
12.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
BREE COLLECTION GMBH |
|
|
|
|
Registered Office : |
Gerberstr. 3 D 30916 Isernhagen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
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|
|
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Date of Incorporation : |
29.11.1989 |
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|
|
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Com. Reg. No.: |
HRB 210941 |
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|
|
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Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
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|
|
|
|
No. of Employee : |
193 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
BREE COLLECTION GMBH
Company Status: active
Gerberstr. 3
D 30916 Isernhagen
Telephone:05136/8976-0
Telefax:
05136/8976-229
Homepage: www.bree.com
E-mail: info@bree.de
VAT no.: DE295109985
Tax ID number: 16/201/31509
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 29.11.1989
Shareholders'
agreement: 07.03.2014
Registered on: 20.03.2014
Commercial Register: Local court 30175 Hannover
under: HRB
210941
Share capital: EUR
2,000,000.00
Shareholder:
Avia GmbH
Neuer Weg 9
D 38302 Wolfenbüttel
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 1,000,000.00
Registered on: 09.06.2010
Reg. data: 38100
Braunschweig, HRB 202453
Shareholder:
Axel Bree
Auf der Heide 3
D 30916 Isernhagen
born: 19.03.1968
Share: EUR 500,000.00
Shareholder:
PMW Vermögensverwaltungs
GmbH
Humannstr. 4
D 22609 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 250,000.00
Registered on:
15.07.2009
Reg. data: 20355 Hamburg,
HRB 110211
Shareholder:
German Capital Partner
GmbH
Brunnenstr. 181/VH
D 10119 Berlin
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 250,000.00
Registered on: 30.04.2014
Reg. data: 14057 Berlin,
HRB 158177 B
Manager:
Axel Bree
Auf der Heide 3
D 30916 Isernhagen
having sole power of
representation
born: 19.03.1968
Proxy:
Antje Wode
D 31275 Lehrte
authorized to jointly
represent the company
born: 20.01.1966
Proxy:
Wolfgang Haas
D 69115 Heidelberg
authorized to jointly
represent the company
born: 25.02.1958
Further
functions/participations of Axel Bree (Manager)
Manager:
CW Wohnen
Beteiligungsgesellschaft mbH
Siemensstr. 24
D 30916 Isernhagen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 27.11.2002
Reg. data: 30175 Hannover, HRB 121008
Manager:
Bree GmbH
Gerberstr. 3
D 30916 Isernhagen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 24.03.1982
Reg. data: 30175 Hannover, HRB 121274
Manager:
BREE Beteiligungsgesellschaft
mbH
Gerberstr. 3
D 30916 Isernhagen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 13.06.2007
Reg. data: 30175 Hannover, HRB 201805
Member:
Axel Bree Philipp Bree
Auf der Heide 3
D 30916 Isernhagen
Legal form: Community of heirs
29.11.1989 - 29.12.1995 BREE Collection GmbH
Gerberstr. 3
D 30916 Isernhagen
Private limited
company
29.12.1995 - 20.03.2014 BREE Collection GmbH & Co. KG
Gerberstr. 3
D 30916 Isernhagen
Ltd partnership with
priv. ltd. company
as general partner
Main
industrial sector
47722
Retail sale of leatheware and baggage
Secondary
industrial sector
46493
Wholesale of leather goods, luggage, giftware and advertising articles
74101
Industrial, product and fashion design
Branch:
BREE Collection GmbH
Tilsiter Str. 15
D 71065 Sindelfingen
Branch:
BREE Collection GmbH
Osdorfer Landstr. 131
D 22609 Hamburg
TEL.: 040/80995093
Branch:
BREE Collection GmbH
Kaiserstr.
217
D 76133 Karlsruhe
Branch:
BREE Collection GmbH
Ollenhauerstr. 6
D 81737 München
TEL.: 089/67917556
Branch:
BREE Collection GmbH
Neue Str. 12
D 25980 Sylt
Branch:
BREE Collection
GmbH
Katharinenklosterhof 5
D 28195 Bremen
TEL.: 0421/1692821
Branch:
BREE Collection GmbH
Hauptstr. 201
D 69117
Heidelberg
Branch:
BREE Collection GmbH
Hauptmarkt 2
D 90403 Nürnberg
TEL.: 0911/2009613
Branch:
BREE Collection GmbH
Roßmarkt 23
D 60311 Frankfurt
TEL.: 069/292620
Branch:
BREE Collection GmbH
Heegbarg 31
D 22391 Hamburg
TEL.: 040/6064433
Branch:
BREE Collection GmbH
Luisenstr. 6
D 30159 Hannover
TEL.: 0511/323191
Branch:
BREE Collection GmbH
Heinkelstr. 1
D 71634 Ludwigsburg
TEL.: 07141/968191
Branch:
BREE Collection GmbH
Salvatorstr. 2
D 80333 München
TEL.: 089/298745
Branch:
BREE Collection GmbH
Centroallee 182
D 46047 Oberhausen
TEL.: 0208/23160
Branch:
BREE Collection GmbH
Schadowstr. 11
D 40212 Düsseldorf
TEL.: 0211/59815657
Branch:
BREE Collection GmbH
Limbecker Platz 1a
D 45127 Essen
Branch:
BREE Collection GmbH
Kleppingstr. 6
D 44135 Dortmund
TEL.: 0231/2498981
Branch:
BREE Collection GmbH
Holstenstr. 92-94
D 24103 Kiel
TEL.: 0431/2474300
Branch:
BREE Collection GmbH
Haferkampstr. 4
D 26316 Varel
TEL.: 04451/2420
Branch:
BREE Collection GmbH
Leipziger Platz 12-13
D 10117 Berlin
TEL.: 030/20629030
Branch:
BREE Collection GmbH
Königstr. 55
D 23552 Lübeck
TEL.: 0451/7062057
Shareholder:
Bree GmbH
Gerberstr. 3
D 30916 Isernhagen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 24.03.1982
Local court
30175 Hannover
HRB 121274
Shareholder:
BREE
Beteiligungsgesellschaft mbH
Gerberstr. 3
D 30916 Isernhagen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 13.06.2007
Local court 30175 Hannover
HRB 201805
Payment experience: within
periods customary in this trade
Negative information: We have no negative information at hand.
PMI: No
significant / relevant payment experience
Information pertaining to the company
inquired upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
Balance sheet year: 2013
Type of ownership: Tenant
Address Gerberstr.
3
D 30916 Isernhagen
Land register documents were not available.
DEUTSCHE BANK, 30002 HANNOVER
Sort. code: 25070070
BIC: DEUTDE2HXXX
POSTBANK, 30139 HANNOVER
Sort. code: 25010030
BIC: PBNKDEFFXXX
SPARKASSE HANNOVER, 30001 HANNOVER
Sort. code: 25050180
BIC: SPKHDE2HXXX
Gross profit or loss:2013 EUR 11,700,209.00
Profit: 2013 EUR -2,580,201.00
Equipment: EUR 1,123,216.00
Ac/ts receivable: EUR 1,139,748.00
Liabilities: EUR 6,421,796.00
Employees:
193
-
Part-time employees: 92
-
Trainees:
7
-
Temporary workers: 21
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 28.32
Liquidity ratio: 0.19
Return on total capital [%]: -14.52
Balance sheet grade: 3.9
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 44.94
Liquidity ratio: 0.31
Return on total capital [%]: -11.55
Balance sheet grade: 3.5
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 56.23
Liquidity ratio: 0.39
Return on total capital [%]: -0.20
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 54.76
Liquidity ratio: 0.49
Return
on total capital [%]: -0.29
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 10,192,054.60
Fixed assets
EUR 5,064,238.58
Intangible assets
EUR 200,597.34
Goodwill
EUR 25,388.10
Other / unspecified intangible assetsEUR 175,209.24
Tangible assets
EUR 4,158,073.00
Land / similar rights
EUR 2,978,242.97
Plant / machinery
EUR 16,949.38
Other tangible assets / fixtures and
fittings
EUR 1,123,216.15
Advance payments made / construction
in progress
EUR 39,664.50
Financial assets
EUR 705,568.24
Shares in participations /
subsidiaries and the like EUR 526,947.02
Shares in related companies
EUR 526,947.02
Other / unspecified financial assets EUR 178,621.22
Current assets
EUR 5,002,047.51
Stocks EUR 3,552,610.05
Accounts receivable
EUR 1,139,747.76
Amounts due from shareholders
EUR 170.13
Amounts due from related companies
EUR 42,050.36
Other debtors and assets
EUR 1,097,527.27
Liquid means
EUR 309,689.70
Remaining other assets
EUR 125,768.51
Accruals (assets)
EUR 125,768.51
LIABILITIES EUR 10,192,054.60
Shareholders' equity
EUR 2,636,495.36
Capital
EUR 2,636,495.36
Limited partner's capital / capital
of partially liable partner (LP)
EUR 2,636,495.36
Provisions
EUR 1,133,763.12
Liabilities
EUR 6,421,796.12
Financial debts
EUR 4,847,724.17
Liabilities due to banks EUR 4,847,724.17
Other liabilities
EUR 1,574,071.95
Liabilities due to shareholders
EUR 268,116.17
Unspecified other liabilities
EUR 1,305,955.78
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 11,700,208.68
Staff expenses
EUR 6,193,786.98
Wages and salaries EUR 5,197,959.20
Social security contributions and
expenses for pension plans and
benefits
EUR 995,827.78
Total depreciation
EUR 641,686.75
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 641,686.75
Other operating expenses
EUR 6,071,285.74
Operating result from continuing
operations EUR -1,206,550.79
Interest result (+/-)
EUR -259,075.15
Interest and similar income
EUR 185.15
Interest and similar expenses
EUR 259,260.30
thereof
paid to related companies EUR 1,972.35
Other financial result
EUR 2,955.80
Income from securities and loans from
financial assets
EUR 2,955.80
Financial result (+/-)
EUR -256,119.35
Result from ordinary operations (+/-)
EUR -1,462,670.14
Extraordinary expenses
EUR 1,104,146.67
Extraordinary result (+/-)
EUR -1,104,146.67
Income tax / refund of income tax (+/-)EUR -7,273.00
Other taxes / refund of taxes
EUR -6,111.04
Tax (+/-)
EUR -13,384.04
Annual surplus / annual deficit
EUR -2,580,200.85
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 12,193,788.65
Fixed assets
EUR 5,397,953.62
Intangible assets
EUR 271,321.18
Goodwill
EUR 38,739.75
Other / unspecified intangible assetsEUR 232,581.43
Tangible assets
EUR 4,392,165.33
Land / similar rights
EUR 3,126,147.50
Plant / machinery
EUR 21,402.01
Other
tangible assets / fixtures and
fittings
EUR 1,235,908.82
Advance payments made / construction
in progress
EUR 8,707.00
Financial assets
EUR 734,467.11
Shares in participations /
subsidiaries and the like
EUR 526,947.02
Shares in related companies
EUR 526,947.02
Other / unspecified financial assets EUR 207,520.09
Current assets EUR 6,676,204.08
Stocks
EUR 4,731,481.72
Accounts receivable
EUR 1,537,632.59
Amounts due from related companies
EUR 136,486.67
Other debtors and assets
EUR 1,401,145.92
Liquid means
EUR 407,089.77
Remaining other assets
EUR 119,630.95
Accruals (assets)
EUR 119,630.95
LIABILITIES EUR 12,193,788.65
Shareholders' equity
EUR 5,216,696.21
Capital
EUR 5,216,696.21
Limited partner's capital / capital
of partially liable partner (LP)
EUR 5,216,696.21
Provisions
EUR 1,251,417.98
Liabilities
EUR 5,725,674.46
Financial debts
EUR 3,939,697.83
Liabilities due to banks
EUR 3,939,697.83
Other liabilities
EUR 1,785,976.63
Liabilities due to shareholders
EUR 284,076.96
Unspecified other liabilities EUR 1,501,899.67
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 13,566,628.21
Staff expenses
EUR 6,751,939.06
Wages and salaries
EUR 5,655,094.77
Social security contributions and
expenses for pension plans and
benefits
EUR 1,096,844.29
Total depreciation
EUR 717,166.73
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 717,166.73
Other operating expenses
EUR 7,397,196.20
Operating result from continuing
operations EUR -1,299,673.78
Interest result (+/-)
EUR -172,797.95
Interest and similar income
EUR 20,304.95
Interest and similar expenses
EUR 193,102.90
thereof paid to related companies
EUR 2,574.59
Other financial result
EUR 4,115.03
Income from securities and loans from
financial assets
EUR 4,115.03
Financial
result (+/-) EUR -168,682.92
Result from ordinary operations (+/-)
EUR -1,468,356.70
Income tax / refund of income tax (+/-)EUR 70,734.65
Other taxes / refund of taxes
EUR -6,099.06
Tax (+/-)
EUR 64,635.59
Annual surplus / annual deficit
EUR -1,403,721.11
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
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
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.