|
Report Date : |
16.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
BOSCH REXROTH B.V. |
|
|
|
|
Registered Office : |
Kruisbroeksestraat 1 5281RV Boxtel |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
27.12.1988 |
|
|
|
|
Com. Reg. No.: |
16057251 |
|
|
|
|
Legal Form : |
Besloten
Vennootschap |
|
|
|
|
Line of Business : |
Manufacture of Machinery and Equipment |
|
|
|
|
No. of Employees : |
700 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
NETHERLANDS - ECONOMIC OVERVIEW
The Dutch economy is the fifth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit of 3.8% of GDP.
Source
: CIA
|
Company
name |
Bosch Rexroth B.V. |
|
Tradename |
Bosch Rexroth B.V. |
|
Address |
Kruisbroeksestraat 1 |
|
|
5281RV Boxtel |
|
|
Netherlands |
|
Mail
address |
Postbus 32 |
|
|
5280AA Boxtel |
|
|
Netherlands |
|
Telephone
number |
0411651951 |
|
Telefax
number |
0411682715 |
|
E-mail
address |
|
|
Website |
|
|
VAT
number / RSIN |
008239332 |
|
Branch(es) |
8 branches |
Handelsregisternummer 16057251
Registered in Chamber
of commerce Brabant
First registration 27-12-1988
Act of foundation 22-12-1988
Date of constitution 01-01-1953
Continuation date 22-12-1988
Last change in statutes 20-10-2005
|
Legal
form |
Besloten Vennootschap |
|
Place
of constitution |
Boxtel |
|
Capital |
EUR |
|
Issued
capital |
EUR 100.000 |
|
Paid
up capital |
EUR 100.000 |
|
Legal
form at first registration |
Besloten Vennootschap |
NACE-code MANUFACTURE
OF MACHINERY AND EQUIPMENT (29)
Manufacture of
pumps and compressors (2912)
SBI-code Manufacture
of machinery and equipment n.e.c. (28)
Manufacture of fluid power equipment (2812)
Formal objective Het deelnemen middels verwerving van
shares in vennootschappen of het op andere wijze deelnemen in andere companies,
het besturen, beheren en/of adviseren van vennootschappen en companies; het
ontwerpen, vervaardigen, installeren, onderhouden en herstellen van alle
soorten machinery, werktuigen, apparaten en onderdelen daarvan, alsmede de
handel in deze en aanverwante zaken; het verwerven en exploiteren van
industriële eigendommen of het onder voorgaande alinea genoemde gebied, met
name van octrooien en licenties en van factory- en handelsmerken; het geven van
technische en bedrijfseconomische adviezen en het verlenen van andere diensten;
voorts al hetgeen met het vorenstaande in verband staat of daartoe bevorderlijk
kan zijn
|
Employees |
Total: 700 |
|
|
|
Employees
according to CoC |
Chamber of commerce: 700 |
|
|
|
Bookyear |
2013 |
2012 |
2011 |
|
Number |
700 |
710 |
829 |
|
Change |
-1,41% |
-14,35% |
1,34% |
|
Shareholder |
Robert Bosch Holding Netherlands B.V. |
|
|
Kruisbroeksestraat 1 |
|
|
5281RV Boxtel |
|
|
Netherlands |
|
|
KvK:16022873 |
|
|
Active since: 22-12-1988 |
|
|
Percentage: 100.00% |
|
Ultimate
parent company |
Bosch Rexroth AG |
|
|
990005408264 |
|
Holding
company |
Robert Bosch Holding Netherlands B.V. |
|
|
Kruisbroeksestraat 1 |
|
|
5281RV Boxtel |
|
|
KvK:16022873 |
|
Affiliated
companies |
Bosch Rexroth Pneumatics Holding B.V. |
|
|
Kruisbroeksestraat 1 |
|
|
5281RV BOXPHONE |
|
|
KvK: 55702252 |
Bank ABN
Amro Bank NV
Account number:
52.73.69.780 ING Bank NV
Real estate Property
owned
Management M.W.C.M. van den
Oetelaar Marinus Wilhelmus Cornelis Mar
Authorization:
Limited authorization
Position: Vice
president
Date appointed:
27-03-2006
Date of birth:
13-02-1967
A.
Golz Armin
Authorization: Jointly authorized
Position: Manager
Date appointed: 01-07-2009
Date of birth: 20-03-1962
Other directorships: - Manager: Robert Bosch
Investment Netherlands B.V. - Boxtel (KvK: 34166287) - Manager: Robert Bosch
Holding Netherlands B.V. - Boxtel (KvK: 16022873)
J.D. de la Motte Jörg Detlef
Authorization: Jointly authorized
Position: Manager
Date appointed: 01-01-2008
Date of birth: 22-04-1970
Other directorships: - Manager: Robert Bosch
Investment Netherlands B.V. - Boxtel (KvK: 34166287) - Manager: Robert Bosch
Holding Netherlands B.V. - Boxtel (KvK: 16022873)
R. Amann Rolf-Dieter
Position: Commissaris
Date appointed: 01-04-2006
Date of birth: 22-08-1958
P.R. Cooke Paul Richard
Position: Commissaris
Date appointed: 01-01-2013
Date of birth: 04-01-1961
M. van den Heuvel Martinus
Position: Commissaris
Date appointed: 01-07-2000
Date of birth: 19-06-1940
L.J. Strauch-Hausser Laurent Joseph
Position: Commissaris
Date appointed: 01-01-2013
Date of birth:
04-04-1960
Other directorships: - Manager: Robert Bosch
Holding Netherlands B.V. - Boxtel (KvK: 16022873)
Payments Based
on multiple payment experiences up to € 25.000
Quarter: 4 2011: 19 Average days
Quarter: 1 2012: 1 Average days
Quarter: 2 2012: 56 Average days
Quarter: 1 2013: 60 Average days
|
|
invoices |
current
quarter |
|
|
Total |
14 |
100% |
134.000 |
|
Within
terms |
8 |
66,9% |
89.600 |
|
Delayed
0 - 30 |
4 |
24,6% |
32.900 |
|
Delayed
31 - 60 |
2 |
8,6% |
11.500 |
|
Delayed
61 - 90 |
|
|
|
|
Delayed 91-120 |
|
|
|
|
Delayed120+
days |
|
|
|
Auditor PricewaterhouseCoopers
Publication
financial statement Annual
accounts 2011 are published on 11-05-2012
Annual accounts
2010 are published on 06-05-2011
Annual accounts
2009 are published on 11-06-2010
Annual accounts
2008 are published on 18-05-2009
Annual accounts
2007 are published on 07-07-2008
Type of publication Consolidated
Annual accounts
van Bosch
Rexroth B.V. Kruisbroeksestraat 1 5281RV Boxtel
KvK: 16057251
Publication Steady
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Quick
ratio |
0,80 |
0,86 |
0,95 |
|
Current
ratio |
0,95 |
1,13 |
1,11 |
|
Nett
workingcapital / Balance total |
-0,04 |
0,09 |
0,08 |
|
Capital
and reserves / Balance total |
0,15 |
0,22 |
0,22 |
|
Capital
and reserves / Fixed assets |
0,64 |
0,94 |
1,00 |
|
Solvency |
0,18 |
0,32 |
0,32 |
|
Nett
workingcapital |
-5.254.000 |
10.180.000 |
9.580.000 |
|
Capital
and reserves |
18.556.000 |
24.257.000 |
26.987.000 |
|
Change
capital and reserves |
-23,50% |
-10,12% |
9,75% |
|
change
short term liabilities |
36,06% |
-10,72% |
-21,19% |
|
Nett
Turnover |
193.938.000 |
162.557.000 |
229.097.000 |
|
Operating
profit |
1.569.000 |
8.134.000 |
12.641.000 |
|
Profitability
operating profit |
positive |
positive |
positive |
Annual accounts
The company is obligated to publish its annual accounts
Last annual accounts 2011
|
Type
of publication |
Corporate |
|
|
Turnover |
2011: |
193.938.000 |
|
|
2010: |
162.557.000 |
|
|
2009: |
229.097.000 |
|
|
2008: |
219.835.000 |
|
|
2007: |
184.329.000 |
|
|
2006: |
142.687.000 |
|
Gross
profit |
2007: |
29.440.000 |
|
|
2006: |
15.837.000 |
|
Operating
profit |
2011: |
1.569.000 |
|
|
2010: |
8.134.000 |
|
|
2009: |
12.641.000 |
|
|
2008: |
9.919.000 |
|
|
2007: |
6.815.000 |
|
|
2006: |
-4.895.000 |
|
Result
after taxes |
2011: |
552.000 |
|
|
2010: |
6.254.000 |
|
|
2009: |
8.984.000 |
|
|
2008: |
6.516.000 |
|
|
2007: |
4.807.000 |
|
|
2006: |
-3.312.000 |
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
End of
bookyear |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
Intangible assets |
900.000 |
159.000 |
190.000 |
|
Tangible assets |
28.035.000 |
25.697.000 |
26.734.000 |
|
Fixed assets |
28.935.000 |
25.856.000 |
26.924.000 |
|
|
|||
|
Stocks and work in progress |
15.689.000 |
20.692.000 |
13.784.000 |
|
Trade
debtors |
58.148.000 |
36.982.000 |
56.298.000 |
|
Other
amounts receivable |
23.600.000 |
24.703.000 |
23.612.000 |
|
Accounts receivable |
81.748.000 |
61.685.000 |
79.910.000 |
|
Liquid assets |
|
3.281.000 |
428.000 |
|
Deferred charges and accrued income |
23.600.000 |
24.703.000 |
23.612.000 |
|
Current assets |
97.437.000 |
85.657.000 |
94.122.000 |
|
Total assets |
126.372.000 |
111.514.000 |
121.046.000 |
|
|
|||
|
Capital and reserves |
18.556.000 |
24.257.000 |
26.987.000 |
|
Provisions |
5.125.000 |
11.779.000 |
9.517.000 |
|
Trade
debts suppliers |
16.575.000 |
16.014.000 |
18.160.000 |
|
Other
short term debts |
86.116.000 |
59.463.000 |
66.382.000 |
|
Total short term debt |
102.691.000 |
75.477.000 |
84.542.000 |
|
Total debt |
102.691.000 |
75.477.000 |
84.542.000 |
|
Total Liabilities |
126.372.000 |
111.514.000 |
121.046.000 |
|
|
|||
|
PROFIT & LOSS ACCOUNT |
|
|
|
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Turnover |
194.575.000 |
162.557.000 |
231.662.000 |
|
Other
operating income |
637.000 |
|
2.565.000 |
|
Nett Turnover |
193.938.000 |
162.557.000 |
229.097.000 |
|
Depreciation
and amortization |
2.233.000 |
2.202.000 |
2.122.000 |
|
Raw
materials |
162.997.000 |
127.312.000 |
181.486.000 |
|
Other
operating charges |
27.776.000 |
24.909.000 |
35.413.000 |
|
Operating charges |
193.006.000 |
154.423.000 |
219.021.000 |
|
Operating profit |
1.569.000 |
8.134.000 |
12.641.000 |
|
Financial
income |
47.000 |
77.000 |
105.000 |
|
Financial
charges |
1.314.000 |
831.000 |
752.000 |
|
Financial result |
-1.267.000 |
-754.000 |
-647.000 |
|
Result before taxes |
302.000 |
7.380.000 |
11.994.000 |
|
Income
taxes |
-250.000 |
1.458.000 |
3.009.000 |
|
Result after taxes |
552.000 |
5.922.000 |
8.985.000 |
|
Nett result |
552.000 |
6.254.000 |
8.984.000 |
|
Management |
Per |
25-07-2012 |
is |
Commissaris
Lucas Augustinus Wintjes out of office. |
|
|
Per |
01-11-2012 |
is |
Proxy
Christoph Clemens Kainzbauer out of office. |
|
|
Per |
01-11-2012 |
is |
Proxy
Martinus Michel Johannes van 't Hof out of office. |
|
|
Per |
01-11-2012 |
is |
Proxy
Andreas Johannes Petrus Maria van de Ven out of office. |
|
|
Per |
01-11-2012 |
is |
Proxy
Marinus Reinier Theodorus Maria Coppens out of office. |
|
|
Per |
01-01-2012 |
is |
Commissaris
Gerhardus Albertus Kobesen out of office. |
|
|
Per |
01-09-2010 |
is |
Proxy
Christoph Clemens Kainzbauer appointed. |
• Bosch Rexroth AG (990005408264)
o Robert Bosch Holding Netherlands B.V. (16022873) Boxtel
Subsidiary
■ Bosch Rexroth B.V. (16057251) Boxtel
Subsidiary
■ Bosch Rexroth
Pneumatics Holding B.V. (55702252)
BOXPHONE
Subsidiary
■ Bosch Rexroth Pneumatics B.V. (56154496)
BOXPHONE
Subsidiary
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.99 |
|
|
1 |
Rs.83.72 |
|
Euro |
1 |
Rs.72.08 |
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.