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MIRA
INFORM REPORT
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Report No. : |
506461 |
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Report Date : |
27.04.2018 |
IDENTIFICATION DETAILS
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Name : |
BREE COLLECTION GMBH |
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Registered Office : |
Gerberstr. 3, D 30916 Isernhagen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1970 |
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Com. Reg. No.: |
HRB 210941 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Retail sale of leatherwear and baggage · Wholesale of leather goods, luggage, giftware and advertising articles · Retail sale via mail-order houses or Internet · Industrial, product and fashion design |
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No. of Employees : |
185 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 a large
increase in 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 economic 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. The German Government introduced a
minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5%
of gross electricity consumption in 2016, 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. Domestic consumption, investment, and exports are likely to drive
German GDP growth in 2018, and the country’s budget and trade surpluses are
likely to remain high.
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Source
: CIA |
Company name & address
BREE COLLECTION GMBH
Company Status: active
Gerberstr. 3
D 30916 Isernhagen
Telephone:05136/8976-109
Telefax: 05136/8976-229
Homepage: www.bree.com
E-mail: info@bree.de
VAT no.: DE295109985
Tax ID number: 16/201/31509
LEGAL FORM Private Limited Company
Date of foundation: 1970
Shareholders'
agreement: 07.03.2014
Registered on: 20.03.2014
Commercial Register: Local court 30175 Hannover
under: HRB 210941
Share capital: EUR 3,000,000.00
Shareholder:
Avia GmbH
Neuer Weg 9
D 38302 Wolfenbüttel
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 2,500,000.00
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
Manager:
Axel Bree
Auf der Heide 3
D 30916 Isernhagen
having sole power of representation
born: 19.03.1968
Manager:
Eric Sperber
D 33602 Bielefeld
born: 03.06.1966
Proxy:
Carsten Seiffert
Hofweg 60
D 22085 Hamburg
authorized to jointly represent the company
born: 20.05.1972
Proxy:
Wolfgang Haas
D 69115 Heidelberg
authorized to jointly represent the company
born: 25.02.1958
Proxy:
Oliver Schroll
D 20099 Hamburg
authorized to jointly represent the company
born: 19.11.1973
Further functions/participations of Axel Bree (Manager)
Member:
Axel Bree Philipp Bree
Auf der Heide 3
D 30916 Isernhagen
Legal form: Community of heirs
Liquidator:
CW Wohnen Beteiligungsgesellschaft mbH
Siemensstr. 24
D 30916 Isernhagen
Legal form: Private limited company in
liquidation
Share capital: EUR 25,564.59
Registered
on: 27.11.2002
Reg. data: 30175 Hannover, HRB 121008
Further functions/participations of Eric Sperber (Manager)
Manager:
Baldessarini GmbH
Elverdisser Str. 313
D 32052 Herford
Legal form: Private limited company
Share capital: EUR 25,600.00
Registered
on: 25.10.2017
Reg. data: 32545 Bad Oeynhausen, HRB 15692
COMPANY HISTORY
company name and legal form
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
29.11.1989 - 29.12.1995 BREE Collection GmbH
Gerberstr. 3
D 30916 Isernhagen
Private limited company
BUSINESS ACTIVITIES
Main industrial sector
47722 Retail sale of leatherwear and baggage
Secondary industrial sector
46493 Wholesale of leather goods, luggage, giftware and advertising articles
4791 Retail sale via mail-order houses or Internet
74101 Industrial, product and fashion design
BRANCHES AND FACTORIES
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
FINANCIAL INFORMATION
Payment experience: No Complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2016
PMI: No significant / relevant payment experience
information pertaining to the company
inquired upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
REAL ESTATE
Type of ownership: Tenant
Address Gerberstr. 3
D 30916 Isernhagen
Land register documents were not available.
BANKERS
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
FINANCIAL FIGURES
Gross profit or
loss:2016 EUR 12,852,204.00
Profit: 2016 EUR -1,499,288.00
Equipment: EUR 631,410.00
Ac/ts
receivable:
EUR 1,724,337.00
Liabilities: EUR 7,316,552.00
Employees:
185
- Part-time
employees: 109
- Trainees:
9
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 30.93
Liquidity ratio: 0.36
Return on total capital [%]: -16.71
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 42.00
Liquidity ratio: 0.42
Return on total capital [%]: -4.67
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 45.89
Liquidity ratio: 0.37
Return on total capital [%]: -17.98
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 28.32
Liquidity ratio: 0.19
Return on total capital [%]: -14.52
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: 01.01.2016 - 31.12.2016
ASSETS EUR 8,979,878.71
Fixed assets EUR 3,691,611.25
Intangible assets EUR 152,182.39
Internally generated industrial
property rights and similar rights
and assets EUR 145,250.42
Goodwill EUR 6,931.97
Tangible assets EUR 3,268,368.92
Land / similar rights EUR 2,583,747.22
Plant / machinery EUR 8,960.89
Other tangible assets / fixtures and
fittings EUR 631,409.51
Advance payments made / construction
in progress EUR 44,251.30
Financial assets EUR 271,059.94
Shares in participations /
subsidiaries and the like EUR 269,559.94
Shares in related companies EUR 269,559.94
Other / unspecified financial assets
EUR 1,500.00
Current assets EUR 5,216,339.61
Stocks EUR 3,279,472.76
Accounts receivable EUR 1,724,336.96
Amounts due from related companies EUR 296.64
Other debtors and assets EUR 1,724,040.32
Liquid means EUR 212,529.89
Remaining other assets EUR 71,927.85
Accruals (assets) EUR 71,927.85
LIABILITIES EUR 8,979,878.71
Shareholders' equity EUR 466,014.57
Capital EUR 2,000,000.00
Subscribed capital (share capital) EUR
2,000,000.00
Reserves EUR 2,136,495.36
Capital reserves EUR 2,136,495.36
Balance sheet profit/loss (+/-) EUR -3,670,480.79
Profit / loss brought forward EUR -2,171,192.96
Annual surplus / annual deficit EUR -1,499,287.83
Provisions EUR 1,197,311.71
Liabilities EUR 7,316,552.43
Financial debts EUR 3,617,703.85
Liabilities due to banks EUR 3,617,703.85
Other liabilities EUR 3,698,848.58
Liabililties due to related companiesEUR 71,890.42
Unspecified other liabilities EUR 3,626,958.16
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 12,852,203.83
Staff expenses EUR 6,507,338.43
Wages and salaries EUR 5,496,498.93
Social security contributions and
expenses for pension plans and
benefits EUR
1,010,839.50
Total depreciation EUR 907,450.23
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 434,057.26
Depreciation on current assets (+/-) EUR
473,392.97
Other operating expenses EUR 6,441,943.23
Operating result from continuing
operations EUR -1,004,528.06
Result from participating interests
(+/-) EUR 118,095.93
Expenses / income from participations
EUR 118,095.93
Income from related companies EUR 118,095.93
Interest result (+/-) EUR -361,128.91
Interest and similar income EUR 489.24
Interest and similar expenses EUR 361,618.15
Other financial result EUR -247,147.98
Income from securities and loans from
financial assets EUR 82.50
Depreciation on financial assets and
marketable securities EUR 247,230.48
Financial result (+/-) EUR -490,180.96
Result from ordinary operations (+/-) EUR
-1,494,709.02
Other taxes / refund of taxes EUR -4,578.81
Tax (+/-) EUR -4,578.81
Annual surplus / annual deficit EUR -1,499,287.83
Type of balance
sheet: Company balance sheet
Origin of the
present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR 9,746,249.04
Fixed assets EUR 3,994,477.12
Intangible assets EUR 138,937.40
Goodwill EUR 10,398.64
Other / unspecified intangible
assetsEUR 128,538.76
Tangible assets EUR 3,337,249.30
Land / similar rights EUR 2,739,854.89
Plant / machinery EUR 9,662.69
Other tangible assets / fixtures and
fittings EUR 553,372.38
Advance payments made / construction
in progress EUR 34,359.34
Financial assets EUR 518,290.42
Shares in participations /
subsidiaries and the like EUR 516,790.42
Shares in related companies EUR 516,790.42
Other / unspecified financial assets
EUR 1,500.00
Current assets EUR 5,679,249.48
Stocks EUR 3,568,174.24
Accounts receivable EUR 1,751,009.91
Amounts due from related companies EUR 320,654.30
Other debtors and assets EUR 1,430,355.61
Liquid means EUR 360,065.33
Remaining other assets EUR 72,522.44
Accruals (assets) EUR 72,522.44
LIABILITIES EUR 9,746,249.04
Shareholders' equity EUR 1,965,302.40
Capital EUR 2,000,000.00
Subscribed capital (share capital) EUR
2,000,000.00
Reserves EUR 2,136,495.36
Capital reserves EUR 2,136,495.36
Balance sheet profit/loss (+/-) EUR -2,171,192.96
Profit / loss brought forward EUR -1,834,454.27
Annual surplus / annual deficit EUR -336,738.69
Provisions EUR 1,120,867.49
Liabilities EUR 6,660,079.15
Financial debts EUR 2,736,673.16
Liabilities due to banks EUR 2,736,673.16
Other liabilities EUR 3,923,405.99
Liabililties due to related
companiesEUR 192,951.80
Unspecified other liabilities EUR 3,730,454.19
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 12,728,029.10
Staff expenses EUR 6,097,082.95
Wages and salaries EUR 5,146,255.03
Social security contributions and
expenses for pension plans and
benefits EUR 950,827.92
Total depreciation EUR 494,661.09
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 494,661.09
Other operating expenses EUR 6,461,382.73
Operating result from continuing
operations EUR -325,097.67
Result from participating interests
(+/-) EUR 220,385.67
Expenses / income from participations
EUR 220,385.67
Income from related companies EUR 220,385.67
Interest result (+/-) EUR -350,319.05
Interest and similar income EUR 370.01
Interest and similar expenses EUR 350,689.06
thereof paid to related companies EUR 9,368.03
Other financial result EUR 249.13
Income from securities and loans from
financial assets EUR 249.13
Financial result (+/-) EUR -129,684.25
Result from ordinary operations (+/-) EUR
-454,781.92
Extraordinary income EUR 125,566.69
Extraordinary expenses EUR 7,188.45
Extraordinary result (+/-) EUR 118,378.24
Income tax / refund of income tax (+/-)EUR 5,501.00
Other taxes / refund of taxes EUR -5,836.01
Tax (+/-) EUR -335.01
Annual surplus / annual deficit EUR -336,738.69
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.83 |
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|
1 |
INR 93.17 |
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Euro |
1 |
INR 81.38 |
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EUR |
1 |
INR 80.52 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIS |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.