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MIRA INFORM REPORT
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Report No. : |
486927 |
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Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
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Name : |
BÄR GMBH |
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Registered Office : |
Pleidelsheimer Str. 15, D 74321 Bietigheim-Bissingen |
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Country : |
Germany |
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Financials (as on) : |
31.03.2016 |
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Year of Establishment : |
1972 |
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Com. Reg. No.: |
HRB 300507 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture and Wholesale of Footwear. |
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No. of Employees : |
72 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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 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, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2018.
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Source
: CIA |
Company
name and Address
BÄR GMBH
Company Status: Active
Pleidelsheimer Str. 15
D 74321 Bietigheim-Bissingen
Telephone:07142/956610
Telefax: 07142/956633
Homepage: www.baer-schuhe.de
E-mail: kundenbetreuung@baer-schuhe.de
VAT
no.
DE144958444
Company
Summary
LEGAL FORM Private limited company
Date of foundation: 1972
Shareholders'
agreement: 21.11.1978
Registered on: 04.01.1979
Commercial Register: Local court 70190 Stuttgart
under: HRB 300507
Share
capital
EUR 250,000.00
Shareholder:
Christof Bär
Friedrich-Grimm-Str. 19
D 74321 Bietigheim-Bissingen
born: 30.05.1969
Share: EUR 126,250.00
Shareholder:
Sebastian Bär
Alt-Württemberg-Allee 8
D 71638 Ludwigsburg
born: 23.03.1974
Share: EUR 118,750.00
Shareholder:
Werner Ruf
D 74343 Sachsenheim
born: 01.12.1962
Share: EUR 5,000.00
Manager:
Sebastian Bär
Alt-Württemberg-Allee 8
D 71638 Ludwigsburg
born: 23.03.1974
Profession: Businessman
Manager:
Christof Bär
Friedrich-Grimm-Str. 19
D 74321 Bietigheim-Bissingen
born: 30.05.1969
Profession: Businessman
Manager:
Werner Ruf
D 74343 Sachsenheim
having sole power of representation
born: 01.12.1962
COMPANY
HISTORY
company name and legal form
21.11.1978 - 01.01.1994 Bär GmbH
Löchgauer Str. 4
D 74321 Bietigheim-Bissingen
Private limited company
BUSINESS
ACTIVITIES
Main industrial sector
15200 Manufacture of footwear
46422 Wholesale of footwear
Secondary industrial sector
47721 Retail sale of footwear
73110 Advertising agencies
BRANCHES
AND FACTORIES
Branch:
Bär GmbH
Schröderstr. 7
D 21335 Lüneburg
TEL.: 04131/45014
Branch:
Bär GmbH
Königsallee 28-30
D 40212 Düsseldorf
Branch:
Bär GmbH
Königstr. 11
D 01097 Dresden
TEL.: 0351/8022401
Branch:
Bär GmbH
Gernsbacher Str. 3
D 76530 Baden-Baden
Branch:
Bär GmbH
Kurfürstendamm 203-205
D 10719 Berlin
Branch:
Bär GmbH
Bockenheimer Landstr. 33-35
D 60325 Frankfurt
Branch:
Bär GmbH
Große Bleichen 1-3
D 20354 Hamburg
Branch:
Bär GmbH
Wallrafplatz 7
D 50667 Köln
Branch:
Bär GmbH
Residenzstr. 23
D 80333 München
Branch:
Bär GmbH
Salzstr. 60
D 48143 Münster
Branch:
Bär GmbH
Breite Gasse 94
D 90402 Nürnberg
Branch:
Bär GmbH
Flughafen Stuttgart
D 70629 Stuttgart
Branch:
Bär GmbH
D 68161 Mannheim
Branch:
Bär GmbH
Arnulf-Klett-Platz 1
D 70173 Stuttgart
TEL.: 0711/2296791
FINANCIAL
INFORMATION
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2015/2016
REAL
ESTATE
Type of ownership: Tenant
Address Pleidelsheimer Str. 15
D 74321 Bietigheim-Bissingen
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK, 71602 LUDWIGSBURG
Sort. code: 60440073, Account no.: 4722062
BIC: COBADEFFXXX
Further banks
BADEN-WÜRTTEMB.BANK/LANDESBANK BADEN-WÜRTTEMB., 74321
BIETIGHEIM-BISSINGEN
Sort. code: 60050101, Account no.: 7818500362
BIC: SOLADEST600
KREISSPARKASSE LUDWIGSBURG, 71638 LUDWIGSBURG
Sort. code: 60450050, Account no.: 7033850
BIC: SOLADES1LBG
FINANCIAL
FIGURES
Gross profit or
loss:2015/2016 EUR 16,491,305.00
Profit: 2015/2016 EUR 472,739.00
Equipment: EUR 987,245.00
Ac/ts
receivable: EUR 2,727,399.00
Liabilities: EUR 3,928,992.00
Employees:
72
- thereof permanent
staff:
66
- Temporary workers: 6
BALANCE
SHEETS
Balance sheet ratios
01.04.2015 - 31.03.2016
Equity ratio
[%]: 36.59
Liquidity
ratio: 0.93
Return on total
capital [%]: 4.83
Balance sheet ratios
01.04.2014 - 31.03.2015
Equity ratio
[%]: 35.23
Liquidity
ratio: 0.96
Return on total
capital [%]: 6.35
Balance sheet ratios
01.04.2013 - 31.03.2014
Equity ratio
[%]: 35.05
Liquidity
ratio: 0.67
Return on total
capital [%]: 2.80
Balance sheet ratios
01.04.2012 - 31.03.2013
Equity ratio
[%]: 30.87
Liquidity
ratio: 0.68
Return on total
capital [%]: -3.83
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: 01.04.2015 - 31.03.2016
ASSETS EUR 10,163,704.45
Fixed assets EUR 2,639,002.02
Intangible assets EUR 732,440.00
Tangible assets EUR 1,062,912.34
Plant / machinery EUR 64,958.00
Other tangible assets / fixtures and
fittings EUR 987,245.00
Advance payments made / construction
in progress EUR 10,709.34
Financial assets EUR 843,649.68
Shares in participations /
subsidiaries and the like EUR 603,841.57
Shares in related companies EUR 603,841.57
Loans to participations /
subsidiaries and the like EUR 239,808.11
Loans to related companies EUR 239,808.11
Current assets EUR
7,462,695.60
Stocks EUR 3,927,382.71
Accounts receivable EUR 2,727,399.01
Trade debtors EUR 1,311,465.17
Amounts due from related companies EUR
1,197,004.22
Other debtors and assets EUR 218,929.62
Liquid means EUR 807,913.88
Remaining other assets EUR 62,006.83
Accruals (assets) EUR 62,006.83
LIABILITIES EUR 10,163,704.45
Shareholders' equity EUR 3,777,726.18
Capital EUR 250,000.00
Subscribed capital (share capital) EUR 250,000.00
Balance sheet profit/loss (+/-) EUR 3,527,726.18
Profit / loss brought forward EUR 3,054,986.70
Annual surplus / annual deficit EUR 472,739.48
Items between shareholders' equity and
debt capital EUR 1,500,000.00
Mezzanine financing EUR 1,500,000.00
Contributions of silent partners EUR 1,500,000.00
Provisions
EUR 956,986.10
Liabilities EUR 3,928,992.17
Financial debts EUR 2,597,185.98
Liabilities due to banks EUR 2,597,185.98
Other liabilities EUR 1,331,806.19
Trade creditors (for IAS incl. bills
of exchange) EUR 799,726.21
Unspecified other liabilities EUR 532,079.98
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 16,491,305.43
Staff expenses EUR 3,133,719.30
Wages and salaries EUR 2,668,860.44
Social security contributions and
expenses for pension plans and
benefits EUR 464,858.86
Total depreciation EUR 501,005.72
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 501,005.72
Other operating expenses EUR 11,864,084.64
Operating result from continuing
operations EUR 992,495.77
Result from participating interests
(+/-) EUR 21,613.52
Expenses / income from participations
EUR 21,613.52
Income from related companies EUR 21,613.52
Interest result (+/-) EUR -273,523.45
Interest and similar income EUR 7,040.98
Interest and similar expenses EUR 280,564.43
Financial result (+/-) EUR -251,909.93
Result from ordinary operations (+/-) EUR
740,585.84
Income tax / refund of income tax
(+/-)EUR -266,270.36
Other taxes / refund of taxes EUR -1,576.00
Tax (+/-) EUR -267,846.36
Annual surplus / annual deficit EUR 472,739.48
Type of balance
sheet: Company balance sheet
Origin of the
present
balance sheet: electronic German Federal Gazette
Financial year: 01.04.2014 - 31.03.2015
ASSETS EUR 9,552,924.63
Fixed assets EUR 1,838,985.86
Intangible assets EUR 348,660.00
Tangible assets EUR 886,484.29
Plant / machinery EUR 63,721.00
Other tangible assets / fixtures and
fittings EUR 777,789.00
Advance payments made / construction
in progress EUR 44,974.29
Financial assets EUR 603,841.57
Shares in participations /
subsidiaries and the like EUR 603,841.57
Shares in related companies EUR 603,841.57
Current assets EUR 7,673,998.96
Stocks EUR 3,895,676.64
Accounts receivable EUR 3,088,719.54
Trade debtors EUR 1,483,184.65
Amounts due from related companies EUR
1,361,274.48
Other debtors and assets EUR 244,260.41
Liquid means EUR 689,602.78
Remaining other assets EUR 39,939.81
Accruals (assets) EUR 39,939.81
LIABILITIES EUR 9,552,924.63
Shareholders' equity EUR 3,304,986.70
Capital EUR 250,000.00
Subscribed capital (share capital) EUR 250,000.00
Balance sheet profit/loss (+/-) EUR 3,054,986.70
Profit / loss brought forward EUR 2,459,047.50
Annual surplus / annual deficit EUR 595,939.20
Items between shareholders' equity and
debt capital EUR 1,500,000.00
Mezzanine financing EUR 1,500,000.00
Contributions of silent partners EUR
1,500,000.00
Provisions EUR 651,061.62
Liabilities EUR 4,096,876.31
Financial debts EUR 2,397,482.22
Liabilities due to banks EUR
2,397,482.22
Other liabilities EUR 1,699,394.09
Trade creditors (for IAS incl. bills
of exchange) EUR 1,091,265.41
Unspecified other liabilities EUR 608,128.68
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 15,684,283.55
Staff expenses EUR 2,762,141.13
Wages and salaries EUR
2,351,723.04
Social security contributions and
expenses for pension plans and
benefits EUR 410,418.09
Total depreciation EUR 355,222.94
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 355,222.94
Other operating expenses EUR 11,435,281.28
Operating result from continuing
operations EUR
1,131,638.20
Result from participating interests
(+/-) EUR 12,251.54
Expenses / income from participations
EUR 12,251.54
Income from related companies EUR 12,251.54
Interest result (+/-) EUR -288,366.23
Interest and similar income EUR 15,943.00
Interest and similar expenses EUR 304,309.23
Financial result (+/-) EUR -276,114.69
Result from ordinary operations (+/-) EUR
855,523.51
Income tax / refund of income tax
(+/-)EUR -256,899.31
Other taxes / refund of taxes EUR -2,685.00
Tax (+/-) EUR -259,584.31
Annual surplus / annual deficit EUR 595,939.20
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.77 |
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|
1 |
INR 89.20 |
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Euro |
1 |
INR 78.22 |
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EUR |
1 |
INR 78.60 |
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 : |
NIT |
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.