|
Report Date : |
04.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
BÖLLHOFF GMBH |
|
|
|
|
Registered Office : |
Archimedesstr. 1-4 D 33649 Bielefeld |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
06.01.1877 |
|
|
|
|
Com. Reg. No.: |
HRB 30972 |
|
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|
|
Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
Wholesale of tools and hardware |
|
|
|
|
No. of Employees : |
450 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 6.5% in 2012. GDP contracted
5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7%
in 2012 - a reflection of low investment spending due to crisis-induced
uncertainty and the decreased demand for German exports from recession-stricken
periphery countries. 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. In 2012 Germany reached a budget surplus
of 0.1%. 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. By 2014, the federal
government wants to balance its budget. 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 electricity generating capacity and 46%
of its base-load electricity production.
|
Source
: CIA |
BÖLLHOFF GMBH
Company Status: active
Archimedesstr. 1-4
D 33649 Bielefeld
Telephone:0521/448203
Telefax:
0521/4482280
Homepage:
www.boellhoff.com
E-mail: info@boellhoff.com
VAT no.: DE126937416
Tax ID number: 349/5760/1070
Business relations are permissible. The
company is considered solvent for credits within its scope of business.
LEGAL FORM Private
limited company
Date of foundation: 06.01.1877
Registered on: 01.04.1994
Commercial Register: Local court 33602 Bielefeld
under: HRB
30972
Share capital: EUR 14,000,000.00
Shareholder:
Böllhoff
Beteiligungsgesellschaft mbH
Archimedesstr. 1-4
D 33649 Bielefeld
Legal form: Private
limited company
Share capital: EUR
25,000,000.00
Share: EUR 14,000,000.00
Registered on: 02.01.2008
Reg. data: 33602
Bielefeld, HRB 39145
Control and profit
transfer agreement
Manager:
Thomas Köhle
D 33739 Bielefeld
authorized to jointly
represent the company
born: 10.10.1957
Manager:
Wilhelm Alexander
Böllhoff
D 33617 Bielefeld
having sole power
of representation
born: 13.09.1965
Profession: Fully
qualified merchant
Manager:
Jens Schöne
D 33378 Rheda-Wiedenbrück
born: 04.07.1961
Proxy:
Karsten Busch
D 73663 Berglen
authorized to jointly
represent the company
born: 02.03.1967
Proxy:
Walter Poss
D 71332 Waiblingen
authorized to jointly
represent the company
born: 26.07.1951
Proxy:
Ralf Kühn
D 33332 Gütersloh
authorized to jointly
represent the company
born: 01.08.1961
Proxy:
Klaus Dirkschnieder
D 33758 Schloß
Holte-Stukenbrock
authorized to jointly
represent the company
born: 11.04.1955
Proxy:
Dirk Hamm
D 06198 Salzatal
authorized to jointly
represent the company
born: 02.04.1975
Proxy:
Wolfgang Öhler
A Kremsmünster
authorized to jointly
represent the company
born: 04.12.1963
Nationality: Austrian
Proxy:
Marcel Rupprecht
D 33649 Bielefeld
authorized to jointly
represent the company
born: 05.10.1979
Proxy:
Mario Grassy
D 85405 Nandlstadt
authorized to jointly
represent the company
born: 29.01.1971
Further functions/participations of Wilhelm
Alexander Böllhoff
(Manager)
Limited partner:
Wilhelm Böllhoff GmbH
& Co. KG
Archimedesstr. 1-4
D 33649 Bielefeld
Post Box:
140240, D 33622 Bielefeld
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 30,000,000.00
contribution:
Share: EUR 7,609,500.00
Registered
on: 29.10.1988
Reg. data: 33602 Bielefeld, HRA 12987
Manager:
Archimedes
Verwaltungs-GmbH
Archimedesstr. 1-4
D 33649 Bielefeld
Legal form: Private
limited company
Share capital: EUR 51,129.19
Registered
on: 09.05.1977
Reg. data: 33602 Bielefeld, HRB 30571
Manager:
Wilhelm Böllhoff
Verwaltungs-GmbH
Archimedesstr. 1-4
D 33649 Bielefeld
Legal form: Private
limited company
Share capital: EUR 250,000.00
Registered
on: 28.10.1988
Reg. data: 33602 Bielefeld, HRB 30010
Manager:
Böllhoff
Beteiligungsgesellschaft mbH
Archimedesstr. 1-4
D 33649 Bielefeld
Legal form: Private
limited company
Share capital: EUR
25,000,000.00
Registered
on: 02.01.2008
Reg. data: 33602 Bielefeld, HRB 39145
Member of the Board of Directors:
Fachverband des
Schrauben-Großhandels e.V.
(FDS)
Am Weidendamm 1a
D 10117 Berlin
Legal form: Registered
association
Registered
on: 13.07.2006
Reg. data: 14057 Berlin, VR 23755
22.06.1972 - 01.04.1994 Wilhelm Böllhoff GmbH
Archimedesstr.
1-4
D 33649 Bielefeld
Private limited company
22.06.2010 - 22.06.2012 Manager
Thomas Maciejowski
D 33615 Bielefeld
Main industrial sector
46741
Wholesale of tools and hardware
Secondary industrial sector
96090
Other service activities n. e. c.
Branch:
Böllhoff GmbH
Marie-Curie-Str. 10
D 71364 Winnenden
TEL.: 07195/18050
Reg. entry: 10.02.1972
Branch:
Böllhoff GmbH
Fürholzener Str. 1a
D 85386 Eching
TEL.: 089/319007-0
FAX.: 089/319007-23
Reg. entry: 21.04.1998
Branch:
Böllhoff GmbH
Rheinstr. 16
D 90451 Nürnberg
TEL.: 0911/64299-0
Reg. entry: 03.11.1986
Branch:
Böllhoff GmbH
Handelsstr. 10 OT
Frankenheim
D 04420 Markranstädt
TEL.: 0341/94408-0
FAX.: 0341/94408-15
Reg. entry: 16.03.1992
Branch:
Böllhoff GmbH
Duisburger Str. 7
D 33647 Bielefeld
Reg. entry: 16.03.1998
Branch:
Böllhoff GmbH
Siemensstr. 6
D 89343
Jettingen-Scheppach
TEL.: 08225/3097-0
FAX.: 08225/309730
Payment experience: takes advantage of cash discount
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address
Archimedesstr. 1-4
D 33649 Bielefeld
Land register documents were not available.
Principal bank
COMMERZBANK, BIELEFELD
Sort. code: 48040035, BIC: COBADEFF480
Further banks
DEUTSCHE BANK, BIELEFELD
Sort.
code: 48070020, BIC: DEUTDE3BXXX
SPARKASSE BIELEFELD, BIELEFELD
Sort. code: 48050161, BIC: SPBIDE3BXXX
Turnover:
2011 EUR 185,426,563.00
2012 EUR 163,400,751.00
Profit: 2011 EUR -1,230,582.00
2012 EUR -8,061,193.00
further business figures:
Equipment: EUR 1,814,872.00
Ac/ts receivable: EUR 18,749,498.00
Liabilities: EUR 56,816,096.00
Employees:
450
Control and profit transfer agreement to:
Böllhoff
Beteiligungsgesellschaft mbH
Archimedesstr. 1-4
D 33649 Bielefeld
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 22.99
Liquidity ratio: 0.33
Return on total capital [%]: -3.42
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.
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: 01.01.2012 - 31.12.2012
ASSETS EUR 78,281,725.92
Fixed assets
EUR 2,223,970.90
Tangible assets
EUR 1,880,946.25
Land / similar rights
EUR 26,529.00
Other tangible assets / fixtures and
fittings
EUR 1,814,871.62
Advance payments made / construction
in progress EUR 39,545.63
Financial assets
EUR 343,024.65
Shares in participations /
subsidiaries and the like
EUR 213,975.65
Shares in investee companies
EUR 213,975.65
Other / unspecified financial assets EUR 129,049.00
Current assets
EUR 72,754,660.18
Stocks
EUR 53,935,484.10
Raw materials, consumables and
supplies
EUR 155,375.10
Finished goods / work in progress
EUR 53,780,109.00
Accounts receivable
EUR 18,749,498.39
Trade debtors
EUR 15,083,776.76
Amounts due from related companies
EUR 1,826,097.95
Amounts due from investee companies
EUR 183,782.99
Other debtors and assets
EUR 1,655,840.69
Liquid means
EUR 69,677.69
Remaining other assets
EUR 3,303,094.84
Accruals (assets)
EUR 3,303,094.84
LIABILITIES EUR 78,281,725.92
Shareholders' equity EUR 18,000,000.00
Capital
EUR 14,000,000.00
Subscribed capital (share capital)
EUR 14,000,000.00
Reserves
EUR 4,000,000.00
Capital reserves
EUR 4,000,000.00
Provisions
EUR 3,465,630.00
Pension provisions and comparable
provisions
EUR 51,144.00
Provisions for taxes EUR 8,740.00
Other / unspecified provisions
EUR 3,405,746.00
Liabilities
EUR 56,816,095.92
Financial debts
EUR 195,318.78
Liabilities due to banks
EUR 195,318.78
Other liabilities
EUR 56,620,777.14
Trade creditors (for IAS incl. bills
of exchange)
EUR 6,555,368.66
Liabililties due to related companiesEUR 49,420,270.52
Unspecified other liabilities
EUR 645,137.96
thereof liabilities from tax /
financial authorities
EUR 270,058.33
thereof liabilities from social
security EUR 87,821.58
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 163,400,751.03
Other operating income
EUR 7,002,879.21
Cost of materials
EUR 123,089,203.91
Raw materials and supplies, purchased
goods
EUR 123,089,203.91
Gross result (+/-)
EUR 47,314,426.33
Staff
expenses EUR 22,210,040.42
Wages and salaries
EUR 17,992,446.55
Social security contributions and
expenses for pension plans and
benefits
EUR 4,217,593.87
Total depreciation
EUR 436,331.93
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 436,331.93
Other operating expenses EUR 26,789,070.61
Operating result from continuing
operations
EUR -2,121,016.63
Result from participating interests
(+/-)
EUR 200,054.12
Expenses / income from participations EUR 200,054.12
Interest result (+/-)
EUR -754,887.32
Interest and similar income
EUR 47,112.12
thereof from related companies
EUR 6,147.79
Interest and similar expenses
EUR 801,999.44
thereof paid to related companies
EUR 749,180.34
Financial result (+/-)
EUR -554,833.20
Result from ordinary operations (+/-)
EUR -2,675,849.83
Extraordinary income
EUR 15,209,686.18
Extraordinary expenses
EUR 20,595,029.83
Extraordinary result (+/-)
EUR -5,385,343.65
Income from assumption of loss by
parent
company EUR 8,061,193.48
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.57 |
|
|
1 |
Rs.86.15 |
|
Euro |
1 |
Rs.73.64 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.