|
Report Date : |
24.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
BÖSCH BODEN SPIES GMBH & CO. KG |
|
|
|
|
Registered Office : |
Heidenkampsweg 73, D 20097 Hamburg |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
23.01.1987 |
|
|
|
|
Com. Reg. No.: |
HRA 81805 |
|
|
|
|
Legal Form : |
Ltd partnership
with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
Manufacturer
of other food products |
|
|
|
|
No. of Employees : |
63 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
Bösch Boden Spies GmbH
& Co. KG
Heidenkampsweg 73
D 20097 Hamburg
Telephone:040/3330160
Telefax:
040/33301666
Homepage: www.boesch-boden-spies.com
E-mail:
office@boesch-boden-spies.com
DE118814336
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 1987
Registered on: 23.01.1987
Register of
companies: Local
court 20355 Hamburg
under: HRA
81805
Total cap. contribution: EUR 40,000.00
Heinz-Ulrich Bösch
Wulfsdal 41
D 22587 Hamburg
born: 15.06.1951
Share: EUR 15,200.00
Limited partner:
Dirk Wilhelm Jacob
Schmidt-Engelbertz
Eckerkamp 136
D 22391 Hamburg
born: 30.04.1970
Share: EUR 15,200.00
Limited partner:
Michael Rund
Schusterberg 10
D 21385 Oldendorf
born: 06.09.1965
Share: EUR 9,600.00
Horn & Samsche GmbH
Heidenkampsweg 73
D 20097 Hamburg
Legal form: Private limited company
Share capital: EUR 25,564.59
Registered on: 03.10.1983
Reg. data: 20355 Hamburg, HRB 31515
Bösch Boden Spies GmbH & Co. KG
Heidenkampsweg 73
D 20097 Hamburg
Legal form: Ltd partnership with priv.
ltd.
company as general partner
Total cap. EUR 40,000.00
contribution:
Share: EUR 25,564.59
Registered on: 23.01.1987
Reg. data: 20355 Hamburg, HRA 81805
Heinz-Ulrich Bösch
Wulfsdal 41
D 22587 Hamburg
born: 15.06.1951
Profession: Businessman
Marital status: married
Manager:
Michael Rund
Schusterberg 10
D 21385 Oldendorf
having sole power of
representation
born: 06.09.1965
Profession: Businessman
Marital status: married
Manager:
Dirk Wilhelm Jacob
Schmidt-Engelbertz
Eckerkamp 136
D 22391 Hamburg
having sole power of
representation
born: 30.04.1970
Profession: Businessman
Henning Brandt
D 20099 Hamburg
authorized to jointly represent the
company
born: 22.08.1967
23.07.1987 - 20.11.2005 Kommanditgesellschaft Horn & Samsche
GmbH & Co.
Lippeltstr. 1
D 20097 Hamburg
Ltd partnership with priv. ltd.
company
as general partner
21.11.2005 - 10.08.2007 Bösch Boden Spies GmbH & Co. KG
Lippeltstr. 1
D 20097 Hamburg
Ltd partnership with priv. ltd. company
as general partner
Secondary industrial sector
·
10890 Manufacture of other food products n.e.c.
·
46389 Wholesale of food n.e.c.
Shareholder:
Horn & Samsche GmbH
Heidenkampsweg 73
D 20097 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 03.10.1983
Local court
20355 Hamburg
HRB 31515
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2010/2011
Type of ownership: Tenant
Address Heidenkampsweg
73
D 20097 Hamburg
Real Estate of: Horn
& Samsche GmbH
Type of ownership: Tenant
Address Heidenkampsweg
73
D 20097 Hamburg
Land register documents were not available.
Principal bank
COMMERZBANK, HAMBURG
Sort. code: 20040000, Account no.: 1369610,
BIC: COBADEHHXXX
Turnover: 2010/2011 EUR 4,500,000.00
2011/2012 EUR 4,500,000.00
further business figures:
Equipment: EUR 441,000.00
Ac/ts receivable: EUR 3,372,560.00
Liabilities: EUR 3,131,982.00
Employees:
63
The aforementioned business figures may
partly be estimated information based on average values in the line of
business.
Balance sheet ratios 01.04.2010 - 31.03.2011
Equity ratio [%]: 0.87
Liquidity ratio: 1.18
Balance sheet ratios 01.04.2009 - 31.03.2010
Equity ratio [%]: 1.22
Liquidity ratio: 7.42
Balance sheet ratios 01.04.2008 - 31.03.2009
Equity ratio [%]: 7.74
Liquidity ratio: 3.26
Balance sheet ratios 01.04.2007 - 31.03.2008
Equity ratio [%]: 5.91
Liquidity ratio: 1.42
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.
Balance sheet grade
The
balance sheet grade is based on the following ratios: equity ratio, liquidity
ratio and return on total capital from the balance sheets published in the
Federal Gazette.
Type
of balance
sheet: Company balance sheet
Financial year: 01.04.2010 - 31.03.2011
ASSETS EUR 3,880,761.58
Fixed assets
EUR 204,611.59
Intangible assets
EUR 12,910.00
Other / unspecified intangible assetsEUR 12,910.00
Tangible assets
EUR 166,137.00
Other / unspecified tangible assets
EUR 166,137.00
Financial assets
EUR 25,564.59
Other / unspecified financial assets EUR 25,564.59
Current assets
EUR 3,641,041.25
Accounts receivable
EUR 3,372,559.60
Other debtors and assets
EUR 3,372,559.60
Liquid means
EUR 268,481.65
Remaining other assets EUR 35,108.74
Accruals (assets)
EUR 35,108.74
LIABILITIES EUR 3,880,761.58
Shareholders' equity
EUR 40,000.00
Capital EUR 40,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 40,000.00
Items between shareholders' equity and
debt capital
EUR 25,564.60
Balancing items for capitalised own
shares in cos. acting as general
partners
EUR 25,564.60
Provisions
EUR 683,214.79
Liabilities EUR 3,131,982.19
Other liabilities
EUR 3,131,982.19
Unspecified other liabilities
EUR 3,131,982.19
thereof liabilities from tax /
financial authorities
EUR 71,222.55
Type
of balance
sheet: Company balance sheet
Financial year: 01.04.2009 - 31.03.2010
ASSETS EUR 2,497,395.41
Fixed assets
EUR 222,377.59
Intangible assets
EUR 19,050.00
Other / unspecified intangible assetsEUR 19,050.00
Tangible assets
EUR 177,763.00
Other / unspecified tangible assets
EUR 177,763.00
Financial assets
EUR 25,564.59
Other / unspecified financial assets EUR 25,564.59
Current assets
EUR 2,259,691.78
Accounts receivable
EUR 1,299,305.23
Other debtors and assets
EUR 1,299,305.23
Liquid means
EUR 960,386.55
Remaining other assets
EUR 15,326.04
Accruals (assets) EUR 15,326.04
LIABILITIES EUR 2,497,395.41
Shareholders' equity
EUR 40,000.00
Capital
EUR 40,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 40,000.00
Items between shareholders' equity and
debt capital
EUR 25,564.60
Balancing items for capitalised own
shares in cos. acting as general
partners
EUR 25,564.60
Provisions
EUR 1,296,298.77
Liabilities
EUR 1,135,532.04
Other liabilities EUR
1,135,532.04
Unspecified other liabilities
EUR 1,135,532.04
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.91 |
|
UK Pound |
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.01 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.