MIRA INFORM REPORT

 

 

Report No. :

506521

Report Date :

30.04.2018

 

 

IDENTIFICATION DETAILS

 

Name :

BIG DUTCHMAN INTERNATIONAL GMBH

 

 

Registered Office :

Auf der Lage 2 D 49377 Vechta Post Box 11 63, D 49360 Vechta

 

 

Country :

Germany

 

 

Date of Incorporation :

01.09.1992

 

 

Com. Reg. No.:

HRB 110783

 

 

Legal Form :

Private limited company

 

 

Line of Business :

·         Manufacture of other electric equipment n.e.c.

·         Manufacture of other general-purpose machinery n.e.c.

·         Manufacture of agricultural and forestry machinery

·         Wholesale of agricultural machinery, equipment and supplies

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

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.

 

Source : CIA

 

Company name and address

 

Big Dutchman International GmbH

 

Auf der Lage 2

D 49377 Vechta

Post Box: 11 63, D 49360 Vechta

Telephone:04447/801-0

Telefax:  04447/801-237

Homepage: www.bigdutchman.de

E-mail:   big@bigdutchman.de

 

 

Company Status

 

Active

                    

 

VAT no.

 

DE811170620

 

 

Tax ID number

 

68/205/00126

 

 

Company summery

 

LEGAL FORM               Private limited company

Date of foundation:         01.09.1992

Shareholders'

agreement:                    01.09.1992

Registered on:               04.09.1992

Commercial Register:     Local court 26135 Oldenburg

under:                                       HRB 110783

 

Share capital:                          EUR         14,100,000.00

 

Shareholder:

                     Big Dutchman Aktiengesellschaft

                     Auf der Lage 2

                     D 49377 Vechta

                     Legal form: Public limited company

                     Share capital:     EUR         12,000,000.00

                     Share:             EUR         14,100,000.00

                     Registered on: 17.08.1992

                     Reg. data: 26135 Oldenburg, HRB 110778

                     Profit transfer agreement

Manager:

                     Arno Heinrich Lamping

                     D 49401 Damme

                     authorized to jointly represent the company

                     born: 09.12.1980

Manager:

                     Christian Blümlein

                     D 49439 Steinfeld

                     authorized to jointly represent the company

                     born: 21.03.1971

Proxy:

                     Ulf Meyer

                     Roggenkamp 77

                     D 49393 Lohne

                     authorized to jointly represent the company

                     born: 24.12.1970

Proxy:

                     Michael Brinkmann

                     D 59302 Oelde

                     authorized to jointly represent the company

                     born: 02.10.1967

Proxy:

                     Friedrich Otto-Lübker

                     D 49635 Badbergen

                     authorized to jointly represent the company

                     born: 14.12.1960

 

Further functions/participations of Arno Heinrich Lamping

(Manager)

Manager:

                     BD Solutions GmbH

                     Auf der Lage 2

                     D 49377 Vechta

                     Legal form: Private limited company

                     Share capital:     EUR            100,000.00

                     Registered

                     on:         25.05.2016

                     Reg. data:  26135 Oldenburg, HRB 210998

Manager:

                     PAL - Bullermann GmbH

                     Über dem Vehnteich 2

                     D 26169 Friesoythe

                     Legal form: Private limited company

                     Share capital:     EUR             51,250.00

                     Registered

                     on:         19.02.1991

                     Reg. data:  26135 Oldenburg, HRB 150499

Manager:

                     Big Dutchman Service GmbH

                     Auf der Lage 2 , OT Calveslage

                     D 49377 Vechta

                     Legal form: Private limited company

                     Share capital:     EUR          1,000,000.00

                     Registered

                     on:         03.08.2015

                     Reg. data:  26135 Oldenburg, HRB 210085

Manager:

                     BD BlueSystems Verwaltungs- GmbH

                     Auf der Lage 2

                     D 49377 Vechta

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         10.12.2012

                     Reg. data:  26135 Oldenburg, HRB 207340

Proxy:

                     BD PowerSystems Verwaltungs- GmbH

                     Auf der Lage 2

                     D 49377 Vechta

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         15.06.2007

                     Reg. data:  26135 Oldenburg, HRB 201450

 

Further functions/participations of Christian Blümlein (Manager)

Manager:

                     PAL - Bullermann GmbH

                     Über dem Vehnteich 2

                     D 26169 Friesoythe

                     Legal form: Private limited company

                     Share capital:     EUR             51,250.00

                     Registered

                     on:         19.02.1991

                     Reg. data:  26135 Oldenburg, HRB 150499

Manager:

                     Big Dutchman Service GmbH

                     Auf der Lage 2 , OT Calveslage

                     D 49377 Vechta

                     Legal form: Private limited company

                     Share capital:     EUR          1,000,000.00

                     Registered

                     on:         03.08.2015

                     Reg. data:  26135 Oldenburg, HRB 210085

Manager:

                     Agritec Gesellschaft für technische

                     Ausrüstung in der Landwirtschaft mbH

                     Auf der Lage 2

                     D 49377 Vechta

                     Legal form: Private limited company

                     Share capital:     EUR          1,500,000.00

                     Registered

                     on:         29.04.1988

                     Reg. data:  26135 Oldenburg, HRB 110488

Manager:

                     BD PowerSystems Verwaltungs- GmbH

                     Auf der Lage 2

                     D 49377 Vechta

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         15.06.2007

                     Reg. data:  26135 Oldenburg, HRB 201450

Proxy:

                     BD BlueSystems Verwaltungs- GmbH

                     Auf der Lage 2

                     D 49377 Vechta

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         10.12.2012

                     Reg. data:  26135 Oldenburg, HRB 207340

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

02.06.1999 - 18.05.2016  Manager

                         Dieter Hempelmann

                         Friedrich-Kenkel-Str. 19

                         D 49377 Vechta

13.11.2013 - 10.03.2016  Manager

                         Ulf Meyer

                         Roggenkamp 77

                         D 49393 Lohne

04.02.2010 - 10.03.2016  Manager

                         Michael Brinkmann

                         D 59302 Oelde

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

27900   Manufacture of other electric equipment n.e.c.

2829    Manufacture of other general-purpose machinery n.e.c.

2830    Manufacture of agricultural and forestry machinery

4661    Wholesale of agricultural machinery, equipment and supplies

 

 

FINANCIAL INFORMATION

 

Payment experience:     No Complaints

 

Negative information:      We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Auf der Lage 2

                                    D 49377 Vechta

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

LANDESSPARKASSE ZU OLDENBURG, 26016 OLDENBURG

Sort. code: 28050100

BIC: SLZODE22XXX

 

Further banks

BREMER LANDESBANK, 26122 OLDENBURG

Sort. code: 29050000

BIC: BRLADE22XXX

COMMERZBANK, 49360 VECHTA

Sort. code: 28042865

BIC: COBADEFFXXX

DZ BANK, 26016 OLDENBURG

Sort. code: 25060000

BIC: GENODEFF250

 

 

FINANCIAL FIGURES

 

Financial year:      01.10. - 30.09.

Share capital:                                        EUR         14,100,000.00

The number of employees is not known.

 

Profit transfer agreement to:

                     Big Dutchman Aktiengesellschaft

                     Auf der Lage 2

                     D 49377 Vechta

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 66.78

UK Pound

1

INR 92.89

Euro

1

INR 80.74

Euro

1

INR 80.47

                                                                  

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRA

 

 

Report Prepared by :

TRU

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

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

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.