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MIRA INFORM REPORT
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Report No. : |
498954 |
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Report Date : |
26.03.2018 |
IDENTIFICATION DETAILS
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Name : |
BONGARD MACHINES GMBH & CO. KG |
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Registered Office : |
Ohlweg 7, D 58730 Fröndenberg, Post Box: 29 |
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Country : |
Germany |
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Financials (as on) : |
2016 [Summarized] |
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Date of Incorporation : |
1959 |
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Com. Reg. No.: |
HRA 2109 |
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Legal Form : |
Ltd Partnership with Priv. Ltd. Company as General Partner |
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Line of Business : |
Wholesale of Other Machinery |
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No. of Employees : |
12 |
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 : |
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
BONGARD MACHINES GMBH & CO. KG
Company Status: active
Ohlweg 7
D 58730 Fröndenberg
Post Box:
29
Telephone:02378/9155
Telefax: 02378/915300
Homepage: www.bongard.de
E-mail: info@bongard.de
VAT no.: DE124801013
LEGAL FORM Ltd Partnership with Priv. Ltd. Company as General Partner
Date of foundation: 1959
Registered on: 01.07.1976
Register of
companies: Local court 59065 Hamm
under: HRA 2109
Total cap. contribution: EUR 100,000.00
Limited partner:
Thomas Bongard
D 58706 Menden
born: 17.05.1967
Share: EUR 100,000.00
General partner:
Bongard Management GmbH
Ohlweg 7
D 58730 Fröndenberg
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 31.01.2002
Reg. data: 59065 Hamm, HRB 4133
Shareholder:
Bongard Machines GmbH & Co. KG
Ohlweg 7
D 58730 Fröndenberg
Post Box:
29
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 25,000.00
Registered on: 01.07.1976
Reg. data: 59065 Hamm, HRA 2109
Manager:
Thomas Bongard
D 58706 Menden
having sole power of representation
born: 17.05.1967
Profession: Businessman
General partner:
Bongard GmbH & Co. KG
Ohlweg 7
D 58730 Fröndenberg
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 10,000.00
contribution:
Registered on: 13.01.2009
Reg. data: 59065 Hamm, HRA 3407
General partner:
Bongard Management GmbH
Ohlweg 7
D 58730 Fröndenberg
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 31.01.2002
Reg. data: 59065 Hamm, HRB 4133
General partner:
Walter Franz Ulbrich
D 51503 Rösrath
born: 15.09.1948
Limited partner:
Thomas Bongard
D 58706 Menden
born: 17.05.1967
Share: EUR 10,000.00
Proxy:
Thomas Bongard
D 58706 Menden
born: 17.05.1967
Profession: Businessman
Proxy:
Thomas Hochreiter
D 58739 Wickede
having sole power of representation
born: 16.08.1972
Further functions/participations of Bongard Management GmbH
(General partner)
General partner:
Bongard GmbH & Co. KG
Ohlweg 7
D 58730 Fröndenberg
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 10,000.00
contribution:
Registered
on: 13.01.2009
Reg. data: 59065 Hamm, HRA 3407
COMPANY
HISTORY
company name and legal form
01.07.1976 - 08.01.2018 Bongard Trading GmbH & Co. KG
Ohlweg 7
D 58730 Fröndenberg
Ltd partnership with priv. ltd. company
as general partner
BUSINESS
ACTIVITIES
Main industrial sector
46692 Wholesale of other machinery
PARTICIPATIONS
Shareholder:
Bongard Management GmbH
Ohlweg 7
D 58730 Fröndenberg
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 31.01.2002
Local court 59065 Hamm
HRB 4133
FINANCIAL
INFORMATION
Payment experience: No Complaints
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).
Events Index: 1
At present, NO events are known.
The Events Index indicates if any particular
events have occurred, such as e.g. a
relocation of registered office or a change
within management. On the basis of number,
relevance and up-to-dateness of the events
an index value ranging from 1 (no events) to
5 is calculated. Companies showing a
particularly large number of events receive
the index 6.
REAL
ESTATE
Type of ownership: Tenant
Address Ohlweg 7
D 58730 Fröndenberg
Real Estate of: Bongard Management GmbH
Type of ownership: Tenant
Address Ohlweg 7
D 58730 Fröndenberg
Real Estate of: Bongard GmbH & Co. KG
Type of ownership: Tenant
Address Ohlweg 7
D 58730 Fröndenberg
Land register documents were not available.
BANKERS
COMMERZBANK, 58583 ISERLOHN
Sort. code: 44540022
BIC: COBADEFFXXX
DEUTSCHE BANK, 59403 UNNA
Sort. code: 44070050
BIC: DEUTDEDE440
SPARKASSE FRÖNDENBERG, 58720 FRÖNDENBERG/RUHR
Sort. code: 44351740
BIC: WELADED1FRN
FINANCIAL
FIGURES
Financial year: 01.01. - 31.12.
Turnover: 2016 *EUR 3,400,000.00
Employees:
12
The business figures marked with an asterisk are estimates based on average values in the line of business.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.13 |
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1 |
INR 91.95 |
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Euro |
1 |
INR 80.34 |
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EUR |
1 |
INR 80.44 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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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
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Company background and operations size
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Promoters / Management background
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Payment record
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Litigation against the subject
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Industry scenario / competitor analysis
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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.