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MIRA
INFORM REPORT
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Report No. : |
498871 |
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Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
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Name : |
BETTEN DUSCHER GMBH |
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Registered Office : |
Am Richterholz 4-6, D 93426 Roding |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
28.12.1990 |
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Com. Reg. No.: |
HRB 4443 |
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Legal Form : |
Private limited company |
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Line of Business : |
Retail sale of textiles |
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No. of Employees : |
56 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Excellent |
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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 (30.09.2017) |
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 and address
Report on: Betten
Duscher GmbH
Company Status: active
Am Richterholz 4-6
D 93426 Roding
Telephone: 09461/94090
Telefax:
09461/940925
Homepage: www.duscher.de
E-mail:
info@duscher.de
VAT no.: DE133697726
Tax ID number: 211/122/30030
CONCLUSION
Business relations are permissible.
Company
summary
Legal
Form Private limited company
Date of foundation: 28.12.1990
Shareholders'
agreement: 28.12.1990
Registered
on: 07.02.1991
Commercial Register: Local court 93049 Regensburg
under: HRB
4443
Share capital: EUR 25,564.59
Shareholder:
Betten Duscher
Beteiligungs GmbH
Am Richterholz 4-6
D 93426 Roding
Legal form: Private
limited company
Share capital: EUR 48,194.00
Share: EUR 25,564.59
Registered on: 09.11.2016
Reg. data: 93049
Regensburg, HRB 15643
Manager:
Andreas Brahmer
Am Richterholz 4-6
D 93426 Roding
having sole power of
representation
born: 13.11.1970
Profession: Businessman
Manager:
Ralf Meisel
Angerstr. 7a
D 83607 Holzkirchen
having sole power of
representation
born: 09.02.1968
Further functions/participations of Andreas
Brahmer (Manager)
Limited partner:
Richterholz GmbH &
Co. KG
Am Richterholz 6
D 93426 Roding
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 20,000.00
contribution:
Share: EUR 10,000.00
Registered
on: 14.07.2016
Reg. data: 93049 Regensburg, HRA 9378
Limited partner:
Mußkönig GmbH & Co.
KG
Am Mußkönig 9
D 93426 Roding
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 20,000.00
contribution:
Share: EUR 10,000.00
Registered
on: 14.07.2016
Reg. data: 93049 Regensburg, HRA 9379
Shareholder:
Brahmer Verwaltungs GmbH
Am Richterholz 6
D 93426 Roding
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 23.06.2016
Reg. data: 93049 Regensburg, HRB 15445
Shareholder:
Betten Duscher
Beteiligungs GmbH
Am Richterholz 4-6
D 93426 Roding
Legal form: Private
limited company
Share capital: EUR 48,194.00
Share: EUR 11,597.00
Registered
on: 09.11.2016
Reg. data: 93049 Regensburg, HRB 15643
Manager:
Betten Duscher
Beteiligungs GmbH
Am Richterholz 4-6
D 93426 Roding
Legal form: Private
limited company
Share capital: EUR 48,194.00
Registered
on: 09.11.2016
Reg. data: 93049 Regensburg, HRB 15643
Manager:
BD Logistic GmbH
Am Richterholz 4-6
D 93426 Roding
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 30.12.2013
Reg. data: 93049 Regensburg, HRB 13986
Manager:
Durotex GmbH
Am Richterholz 4-6
D 93426 Roding
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 16.09.2004
Reg. data: 93049 Regensburg, HRB 9502
Manager:
Brahmer Verwaltungs GmbH
Am Richterholz 6
D 93426 Roding
Legal form:
Private limited company
Share capital: EUR 25,000.00
Registered
on: 23.06.2016
Reg. data: 93049 Regensburg, HRB 15445
Manager:
ABX Handels-GmbH
Am Richterholz 4-6
D 93426 Roding
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 19.08.2010
Reg. data: 93049 Regensburg, HRB 12143
Further functions/participations of Ralf
Meisel (Manager)
Manager:
Betten Duscher Beteiligungs
GmbH
Am Richterholz 4-6
D 93426 Roding
Legal form: Private
limited company
Share capital: EUR 48,194.00
Registered
on: 09.11.2016
Reg. data: 93049 Regensburg, HRB 15643
Manager:
Durotex GmbH
Am Richterholz 4-6
D 93426 Roding
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 16.09.2004
Reg. data: 93049 Regensburg, HRB 9502
Manager:
ABX Handels-GmbH
Am Richterholz 4-6
D 93426 Roding
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 19.08.2010
Reg. data: 93049 Regensburg, HRB 12143
Manager:
BD Logistic GmbH
Am Richterholz 4-6
D 93426 Roding
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 30.12.2013
Reg. data: 93049 Regensburg, HRB 13986
COMPANY
HISTORY
company name and legal form
07.02.1991 - 17.10.2013 Betten Duscher GmbH
Am Mußkönig 9
D 93426 Roding
Private limited
company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
17.07.2001 - 31.03.2017 Manager
Markus Brahmer
Eichendorffstr. 35
D 93426 Roding
BUSINESS
ACTIVITIES
Main industrial sector
47510
Retail sale of textiles
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: Tenant
Address Am
Richterholz 4-6
D 93426 Roding
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK, 93426 RODING
Sort. code: 78140000
BIC: COBADEFFXXX
FINANCIAL
FIGURES
Turnover: 2016 EUR 63,559,653.00
Profit: 2016 EUR 4,638,874.00
Equipment: EUR 153,548.00
Ac/ts receivable: EUR 19,768,725.00
Liabilities: EUR 6,866,337.00
Employees: 56
-
thereof permanent staff: 49
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Trainees:
7
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity
ratio [%]: 74.68
Liquidity ratio: 4.31
Return on total capital [%]: 14.68
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 88.51
Liquidity ratio: 10.00
Return on total capital [%]: 16.79
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 84.82
Liquidity ratio: 10.00
Return on total capital [%]: 12.57
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 81.83
Liquidity ratio: 10.00
Return on total capital [%]: 17.40
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.
Financials
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 31,650,904.25
Fixed assets
EUR 1,038,380.00
Intangible assets
EUR 3,427.00
Concessions, licences, rights
EUR 3,427.00
Tangible assets EUR 1,034,953.00
Plant / machinery
EUR 881,405.00
Other tangible assets / fixtures and
fittings
EUR 153,548.00
Current assets
EUR 30,513,894.21
Stocks
EUR 10,100,764.80
Raw materials, consumables and
supplies
EUR 4,376,039.58
Finished goods / work in progress
EUR 5,724,725.22
Accounts receivable
EUR 19,768,724.68
Trade debtors
EUR 18,486,492.90
Amounts due from related companies
EUR 625,717.79
Other debtors and assets
EUR 656,513.99
Liquid means
EUR 644,404.73
Remaining other assets
EUR 98,630.04
Accruals (assets)
EUR 41,363.68
Deferred taxes (assets) EUR 57,266.36
LIABILITIES EUR 31,650,904.25
Shareholders' equity
EUR 22,014,514.30
Capital
EUR 25,564.60
Subscribed capital (share capital)
EUR 25,564.60
Balance sheet profit/loss (+/-)
EUR 21,988,949.70
Profit / loss brought forward
EUR 17,350,075.34
Annual surplus / annual deficit
EUR 4,638,874.36
Provisions
EUR 2,770,053.32
Pension provisions and comparable
provisions
EUR 254,893.97
Provisions for taxes
EUR 222,459.35
Other / unspecified provisions
EUR 2,292,700.00
Liabilities
EUR 6,866,336.63
Financial debts
EUR 22.60
Liabilities due to banks
EUR 22.60
Other liabilities
EUR 6,866,314.03
Trade creditors (for IAS incl. bills
of exchange)
EUR 3,699,821.10
Liabilities due to shareholders
EUR 1,635,998.10
thereof from goods/services provided
by shareholders
EUR 1,243.42
Liabililties due to related companiesEUR 951,682.28
Unspecified other liabilities
EUR 578,812.55
thereof liabilities from tax /
financial
authorities EUR 437,932.49
Guarantees and other commitments
EUR 39,500,000.00
Sureties / lendings of
creditworthiness
EUR 39,500,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 63,559,652.57
Other operating income
EUR 223,170.50
Cost of materials
EUR 49,051,020.76
Raw materials and supplies, purchased
goods
EUR 44,751,630.35
Purchased services
EUR 4,299,390.41
Gross result (+/-)
EUR 14,731,802.31
Staff expenses EUR 1,820,807.88
Wages and salaries
EUR 1,613,827.01
Social security contributions and
expenses for pension plans and
benefits
EUR 206,980.87
Total depreciation
EUR 158,915.99
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 158,915.99
Other operating expenses
EUR 6,316,774.65
Operating result from continuing
operations
EUR 6,435,303.79
Interest result (+/-)
EUR 23,527.91
Interest and similar income
EUR 73,789.35
thereof from related companies EUR 666.67
Interest and similar expenses
EUR 50,261.44
thereof paid to related companies
EUR 15,359.72
Financial result (+/-)
EUR 23,527.91
Result from ordinary operations (+/-)
EUR 6,458,831.70
Income tax / refund of income tax (+/-)EUR -1,817,742.35
Other taxes / refund of taxes
EUR -2,214.99
Tax
(+/-)
EUR -1,819,957.34
Annual surplus / annual deficit
EUR 4,638,874.36
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 33,814,210.44
Fixed assets
EUR 942,192.00
Intangible assets
EUR 3,226.00
Concessions, licences, rights
EUR 3,226.00
Tangible assets
EUR 938,966.00
Plant / machinery
EUR 720,658.00
Other tangible assets / fixtures and
fittings
EUR 132,908.00
Advance payments made / construction
in progress
EUR 85,400.00
Current assets
EUR 32,819,731.25
Stocks
EUR 5,296,262.75
Raw materials, consumables and
supplies
EUR 2,254,215.87
Finished goods / work in progress
EUR 3,042,046.88
Accounts receivable
EUR 21,111,244.20
Trade debtors
EUR 19,695,092.13
Other debtors and assets
EUR 1,416,152.07
Investments in current assets
EUR 1,892,566.50
Other investments
EUR 1,892,566.50
Liquid means
EUR 4,519,657.80
Remaining other assets
EUR 52,287.19
Accruals (assets)
EUR 8,017.69
Deferred taxes (assets)
EUR 44,269.50
LIABILITIES EUR 33,814,210.44
Shareholders' equity
EUR 29,934,431.34
Capital
EUR 25,564.60
Subscribed capital (share capital)
EUR 25,564.60
Balance sheet profit/loss (+/-)
EUR 29,908,866.74
Profit / loss brought forward
EUR 24,298,838.07
Annual surplus / annual deficit
EUR 5,610,028.67
Provisions EUR 1,614,230.70
Pension provisions and comparable
provisions
EUR 342,743.91
Provisions for taxes
EUR 612,640.79
Other / unspecified provisions
EUR 658,846.00
Liabilities
EUR 2,265,548.40
Other liabilities
EUR 2,265,548.40
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,220,458.48
Unspecified other liabilities
EUR 1,045,089.92
thereof liabilities from tax /
financial authorities
EUR 875,954.52
thereof liabilities from social
security
EUR 786.45
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 63,994,395.57
Other operating income
EUR 224,581.91
Cost of materials
EUR 49,362,450.79
Raw materials and supplies, purchased
goods
EUR 45,486,758.52
Purchased services
EUR 3,875,692.27
Gross result (+/-) EUR 14,856,526.69
Staff expenses
EUR 1,849,225.40
Wages and salaries
EUR 1,673,330.02
Social security contributions and
expenses for pension plans and
benefits EUR 175,895.38
Total depreciation
EUR 105,627.81
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 105,627.81
Other operating expenses
EUR 4,969,490.48
Operating result from continuing
operations
EUR 7,932,183.00
Interest result (+/-)
EUR 39,175.68
Interest and similar income
EUR 117,192.81
Interest and similar expenses
EUR 78,017.13
Other financial result
EUR -122,573.81
Depreciation on financial assets and
marketable securities EUR 122,573.81
Financial result (+/-)
EUR -83,398.13
Result from ordinary operations (+/-)
EUR 7,848,784.87
Extraordinary expenses
EUR 61,297.58
Extraordinary result (+/-)
EUR -61,297.58
Income tax / refund of income tax (+/-)EUR -2,172,738.19
Other taxes / refund of taxes
EUR -4,720.43
Tax
(+/-)
EUR -2,177,458.62
Annual
surplus / annual deficit EUR 5,610,028.67
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.80 |
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|
1 |
INR 92.26 |
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Euro |
1 |
INR 80.76 |
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Euro |
1 |
INR 80.59 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIY |
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Report Prepared
by : |
SYL |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.