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Report Date : |
25.10.2012 |
IDENTIFICATION DETAILS
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Name : |
BONJUICE GMBH |
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Registered Office : |
Industriestr.
19 D 41366 Schwalmtal |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
12.04.1999 |
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Com. Reg. No.: |
HRB 10350 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Other processing
and preserving of fruit and vegetables |
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No. of Employees : |
20 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
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 declining 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 in 2006 and
2007 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 - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew
by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to
rebounding manufacturing orders and exports - increasingly outside the Euro
Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a
reflection of the worsening euro-zone financial crisis and the financial burden
it places on Germany as well as falling demand for German exports. Domestic
demand is therefore becoming a more significant driver of Germany's economic
expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax
revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. 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.
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
hopes to replace nuclear power with renewable energy. Before the shutdown of
the eight reactors, Germany relied on nuclear power for 23% of its energy and
46% of its base-load electrical production.
Source : CIA
Bonjuice GmbH
Company
Status: active
Industriestr. 19
D 41366 Schwalmtal
Telephone:02163/94994-0
Telefax: 02163/94994-29
Homepage: www.bonjuice.de
E-mail: bonjuice@bonjice.de
DE203125792
LEGAL FORM Private
limited company
Date of
foundation: 12.04.1999
Shareholders'
agreement: 12.04.1999
Registered
on: 17.09.1999
Commercial
Register: Local court 41061
Mönchengladbach
under: HRB
10350
EUR 100,000.00
Bonjuice Trading GmbH
Industriestr. 19
Gewerbegebiet
Auf dem Mutzer
D 41366 Schwalmtal
Legal form: Private
limited company
Share capital: EUR 52,000.00
Share: EUR 100,000.00
Registered on: 07.07.2006
Reg. data: 41061
Mönchengladbach, HRB 11730
Control and profit
transfer agreement
Manager:
Dr. Franz-Michael Rouwen
Viehstiege 27
D 41366 Schwalmtal
born: 23.10.1948
Profession: graduate
engineer
Nationality: Dutch
Marital status: married
Manager:
Jon van den Bremen
B Turnhout
born: 31.12.1964
Nationality: Belgian
Proxy:
Cornelis Henricus Maria
Cools
NL - Oosterhout
authorized to jointly
represent the company
born: 01.03.1951
Nationality: Dutch
Proxy:
Simon Rouwen
D 41366 Schwalmtal
authorized to jointly
represent the company
born: 29.10.1975
FURTHER FUNCTIONS/PARTICIPATIONS OF DR.
FRANZ-MICHAEL ROUWEN
(Manager)
Shareholder:
FMRB Beteiligungsgesellschaft
mbH
Viehstiege 27
D 41366 Schwalmtal
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 25,400.00
Registered
on: 06.06.2007
Reg. data: 41061 Mönchengladbach, HRB 12132
Manager:
FMRB
Beteiligungsgesellschaft mbH
Viehstiege 27
D 41366 Schwalmtal
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 06.06.2007
Reg. data: 41061 Mönchengladbach, HRB 12132
Manager:
Bonjuice Trading GmbH
Industriestr. 19
Gewerbegebiet
Auf dem Mutzer
D 41366 Schwalmtal
Legal form: Private limited company
Share capital: EUR 52,000.00
Registered
on: 07.07.2006
Reg. data: 41061 Mönchengladbach, HRB 11730
Main industrial
sector
1039 Other processing and preserving of fruit
and vegetables
Secondary
industrial sector
1032 Manufacture of fruit and vegetable juice
Payment
experience: within agreed terms
Negative
information:We have no negative information at hand.
Balance sheet
year: 2010
Type of
ownership: proprietor
Share: 100.00 %
Address Industriestr. 19
D 41366 Schwalmtal
Land register
documents were not available.
FORTIS BANK NDL
DEUTSCHLAND, KÖLN
Sort. code:
37010600, Account no.: 1097741115, BIC: GEBADE33XXX
Turnover: 2010 EUR 22,374,497.00
Profit: 2010 EUR 1,245,196.00
Equipment: EUR 92,082.00
Ac/ts
receivable:
EUR 3,414,916.00
Liabilities: EUR 8,184,374.00
Employees: 20
- Part-time
employees: 2
Control and profit
transfer agreement to:
Bonjuice Trading GmbH
Industriestr. 19
Gewerbegebiet
Auf dem Mutzer
D 41366 Schwalmtal
Balance sheet
ratios 01.01.2010 - 31.12.2010
Equity ratio
[%]: 0.78
Liquidity
ratio: 0.44
Return on total
capital [%]: 12.59
Balance sheet
ratios 01.01.2009 - 31.12.2009
Equity ratio
[%]: 0.66
Liquidity
ratio: 0.34
Return on total
capital [%]: 10.31
Balance sheet
ratios 01.01.2008 - 31.12.2008
Equity ratio
[%]: 0.33
Liquidity
ratio: 0.29
Return on total
capital [%]: 4.43
Balance sheet
ratios 01.01.2007 - 31.12.2007
Equity ratio
[%]: -0.33
Liquidity
ratio: 0.31
Return on total
capital [%]: 0.41
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
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 9,559,242.11
Fixed assets EUR 1,750,468.46
Intangible assets EUR 73,737.91
Concessions, licences, rights EUR 178.40
Goodwill
EUR 73,559.51
Tangible assets EUR 1,676,730.55
Land / similar rights EUR 1,071,305.26
Plant / machinery EUR 509,230.94
Other tangible assets / fixtures and
fittings EUR 92,082.35
Advance payments made / construction
in progress EUR 4,112.00
Current assets EUR
7,780,274.65
Stocks EUR 3,970,492.82
Raw materials, consumables and
supplies EUR 3,970,492.82
Accounts receivable EUR 3,414,915.77
Trade debtors EUR 2,590,740.16
Amounts due from related companies EUR 796,768.98
Other debtors and assets EUR 27,406.63
Liquid means EUR 394,866.06
Remaining other assets EUR 28,499.00
Accruals (assets) EUR 0.00
thereof disagio EUR 0.00
Other assets EUR 28,499.00
LIABILITIES EUR 9,559,242.11
Shareholders' equity EUR 147,557.38
Capital EUR 100,000.00
Subscribed capital (share capital) EUR 100,000.00
Reserves EUR 10,114.00
Retained earnings / revenue reserves
EUR 10,114.00
Balance sheet profit/loss (+/-) EUR 37,443.38
Profit / loss brought forward EUR 37,443.38
Provisions EUR 1,227,310.92
Other / unspecified provisions EUR 1,227,310.92
Liabilities EUR 8,184,373.81
Financial debts EUR 802,629.51
Liabilities due to banks EUR 802,629.51
Other liabilities EUR 7,381,744.30
Trade creditors (for IAS incl. bills
of exchange) EUR 2,224,342.37
Liabililties due to related
companiesEUR 5,105,334.02
Unspecified other liabilities EUR 52,067.91
thereof liabilities from tax /
financial authorities EUR 48,167.60
thereof liabilities from social
security EUR 0.00
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR
22,374,496.68
Other operating income EUR 730,317.40
Cost of materials EUR 18,963,421.98
Raw materials and supplies, purchased
goods EUR 18,523,972.39
Purchased services EUR 439,449.59
Gross result (+/-) EUR 4,141,392.10
Staff expenses EUR 914,735.14
Wages and salaries EUR 756,905.17
Social security contributions and
expenses for pension plans and
benefits EUR 157,829.97
Total depreciation EUR 157,137.09
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 157,137.09
Other operating expenses EUR 1,680,855.58
Operating result from continuing
operations EUR 1,388,664.29
Interest result (+/-) EUR -182,667.78
Interest and similar income EUR 470.87
Interest and similar expenses EUR 183,138.65
thereof paid to related companies EUR 160,562.61
Financial result (+/-) EUR -182,667.78
Result from ordinary operations (+/-) EUR
1,205,996.51
Extraordinary income EUR 46,228.42
Extraordinary result (+/-) EUR 46,228.42
Expenses for transfer of profits to a
parent company EUR 1,245,195.91
Other taxes / refund of taxes EUR -7,029.02
Tax (+/-) EUR -7,029.02
Annual surplus / annual deficit EUR 0.00
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 6,638,181.33
Fixed assets EUR 1,793,128.35
Intangible assets EUR 93,888.80
Concessions, licences, rights EUR 267.60
Goodwill EUR 93,621.20
Tangible assets EUR 1,699,239.55
Land / similar rights EUR 1,127,743.08
Plant / machinery EUR 446,803.66
Other tangible assets / fixtures and
fittings EUR 73,934.94
Advance payments made / construction
in progress EUR 50,757.87
Current assets EUR 4,841,727.98
Stocks EUR 2,705,065.57
Raw materials, consumables and
supplies EUR 2,705,065.57
Accounts receivable EUR 2,135,969.71
Trade debtors EUR 2,043,451.36
Amounts due from related companies EUR 2,573.52
Other debtors and assets EUR 89,944.83
Liquid means EUR 692.70
Remaining other assets EUR 3,325.00
Accruals (assets) EUR 3,325.00
LIABILITIES EUR 6,638,181.33
Shareholders' equity EUR 137,443.38
Capital EUR 100,000.00
Subscribed capital (share capital) EUR 100,000.00
Balance sheet profit/loss (+/-) EUR 37,443.38
Profit / loss brought forward EUR 37,443.38
Provisions EUR 275,132.15
Pension provisions and comparable
provisions EUR 60,158.00
Other / unspecified provisions EUR 214,974.15
Liabilities EUR 6,225,605.80
Financial debts EUR 375,318.56
Liabilities due to banks EUR 375,318.56
Other liabilities EUR 5,850,287.24
Trade creditors (for IAS incl. bills
of
exchange)
EUR 978,154.66
Liabililties due to related
companiesEUR 4,778,713.24
Unspecified other liabilities EUR 93,419.34
thereof liabilities from tax /
financial authorities EUR 93,250.04
thereof liabilities from social
security EUR 0.00
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR
16,613,548.44
Other operating income EUR 509,138.46
Cost of materials EUR 13,820,350.79
Raw materials and supplies, purchased
goods EUR 13,456,996.58
Purchased services EUR 363,354.21
Gross result (+/-) EUR 3,302,336.11
Staff expenses EUR 931,977.29
Wages and salaries EUR 779,770.80
Social security contributions and
expenses for pension plans and
benefits EUR 152,206.49
Total depreciation EUR 150,445.87
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 150,445.87
Other operating expenses EUR 1,341,996.83
Operating result from continuing
operations EUR 877,916.12
Interest result (+/-) EUR -190,774.11
Interest and similar income EUR 26,373.55
Interest and similar expenses EUR 217,147.66
thereof paid to related companies EUR
170,941.60
Other financial result EUR 10.44
Income from securities and loans from
financial assets EUR 10.44
Financial result (+/-) EUR -190,763.67
Result from ordinary operations (+/-) EUR
687,152.45
Expenses for transfer of profits to a
parent company EUR 679,814.37
Income tax / refund of income tax
(+/-)EUR 0.94
Other taxes / refund of taxes EUR -7,339.02
Tax (+/-) EUR -7,338.08
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.59 |
|
|
1 |
Rs.85.81 |
|
Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.