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MIRA INFORM REPORT
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Report No. : |
485777 |
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Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
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Name : |
BRAND OS GMBH & CO. KG |
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Registered Office : |
Stuttgarter Str. 66 /1, D 70736 Fellbach |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
27.07.2016 |
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Com. Reg. No.: |
HRA 732548 |
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Legal Form : |
Ltd Partnership with Priv. Ltd. Company as General Partner |
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Line of Business : |
· Manufacture of fasteners and screw machine products ·
Manufacture of metal products n.e.c. ·
Wholesale of non-ferrous ores, metals and metal
semi-finished goods |
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No. of Employees : |
108 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 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 2016 Germany reached a budget surplus of 0.6%. 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, bolstered by low energy prices and a weak
euro, and exports are likely to drive German GDP growth again in 2017.
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Source
: CIA |
Company
name & address
BRAND OS GMBH & CO. KG
Company Status: active
Stuttgarter Str. 66 /1
D
70736 Fellbach
Telephone:0711/57550-500
Telefax: 0711/57550-532
Homepage: www.oskar-schwenk.de
E-mail: feder-bos@brand-group.com
VAT no.: DE307332745
LEGAL FORM Ltd
Partnership with Priv. Ltd. Company as General Partner
Date of foundation: 27.07.2016
Registered on: 21.09.2016
Register of
companies: Local court
70190 Stuttgart
under: HRA 732548
Total cap. contribution:
EUR 20,000.00
Limited partner:
BRANDHOLDING
KG
Völlinghauser
Str. 44
D 59609
Anröchte
Legal form:
Limited partnership
Total
cap. EUR 1,882,000.00
contribution:
Share: EUR 20,000.00
Registered
on: 12.06.2003
Reg. data: 33098
Paderborn, HRA 3965
General partner:
Brand
Verwaltungs-GmbH
Völlinghauser
Str. 44
D 59609
Anröchte
Legal form:
Private limited company
Share capital: EUR 25,000.00
Registered
on: 17.04.2013
Reg. data:
33098 Paderborn, HRB 11033
Shareholder:
BRANDHOLDING
KG
Völlinghauser
Str. 44
D 59609
Anröchte
Legal form:
Limited partnership
Total
cap. EUR 1,882,000.00
contribution:
Share: EUR 25,000.00
Registered on: 12.06.2003
Reg. data:
33098 Paderborn, HRA 3965
Manager:
Björn Schroer
D 59597
Erwitte
born:
20.11.1976
Manager:
Sven Schroer
Meerwiesenstr. 44
D 33442
Herzebrock-Clarholz
authorized to
jointly represent the company
born:
20.11.1976
Manager:
Dr. Ottmar
Müller
Bachstr. 8
D 76185
Karlsruhe
authorized to
jointly represent the company
born:
02.08.1966
Proxy:
Norbert
Henneböhl
Benninger Weg
6 a
D 59597
Erwitte
authorized to
jointly represent the company
born:
25.01.1957
Profession:
Management expert
Marital
status: married
Proxy:
Ralf Kremer
Limbergstr. 9
D 59757
Arnsberg
authorized to
jointly represent the company
born:
25.06.1963
Further functions/participations of Brand Verwaltungs-GmbH
(General partner)
General partner:
Schroer +
Brand OHG
Völlinghauser
Str. 44
D 59609
Anröchte
Legal form:
General Partnership
Registered
on: 23.10.2013
Reg.
data: 33098 Paderborn, HRA 6523
COMPANY
HISTORY
company name and legal form
27.07.2016 - 21.09.2016 Brand OS
GmbH & Co. KG
Völlinghauser Str. 44
D 59609
Anröchte
Ltd partnership with
priv. ltd. company
as
general partner
BUSINESS
ACTIVITIES
Main industrial sector
2594 Manufacture of fasteners
and screw machine products
25993 Manufacture of metal
products n.e.c.
46722 Wholesale of non-ferrous
ores, metals and metal semi-finished goods
FINANCIAL
INFORMATION
Payment experience: Slow but
correct
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 Stuttgarter
Str. 66 /1
D 70736
Fellbach
Real Estate of: Brand
Verwaltungs-GmbH
Type of ownership: Tenant
Address Völlinghauser
Str. 44
D 59609
Anröchte
Land register documents were not available.
BANKERS
VOLKSBANK STUTTGART, 70736 FELLBACH
Sort. code: 60090100
BIC: VOBADESSXXX
FINANCIAL
FIGURES
Ac/ts
receivable:
EUR 2,599,068.00
Liabilities: EUR 4,621,274.00
Employees:
108
BALANCE
SHEETS
Balance sheet ratios 01.10.2016 - 31.12.2016
Equity ratio [%]:
11.93
Liquidity ratio:
0.57
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.
Type
of balance sheet: Company
balance sheet
Origin
of the present
balance
sheet: electronic German Federal
Gazette
Financial
year: 01.10.2016 - 31.12.2016
ASSETS EUR 5,673,155.10
Fixed assets EUR 629,853.25
Intangible assets EUR 41,154.40
Tangible assets EUR 588,698.85
Current assets EUR 5,043,301.85
Stocks EUR 2,413,580.94
Accounts receivable EUR 2,599,067.79
Liquid means EUR 30,653.12
LIABILITIES EUR 5,673,155.10
Shareholders' equity EUR 695,091.64
Capital EUR 695,091.64
Limited partner's capital / capital
of partially liable partner (LP) EUR 695,091.64
Provisions EUR 356,788.99
Liabilities EUR 4,621,274.47
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.52 |
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1 |
INR 86.05 |
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Euro |
1 |
INR 76.53 |
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EUR |
1 |
INR 77.62 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRA |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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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 |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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.