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Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
FLEXIBOX CONTAINER GMBH |
|
|
|
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Registered Office : |
Waidmannsau 14, D 97084 Würzburg |
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|
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Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2011 |
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|
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Date of Incorporation : |
24.02.1995 |
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|
|
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Com. Reg. No.: |
HRB 5192 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer of corrugated paper and paperboard and of containers of paper and paperboard |
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No. of Employees : |
03 |
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 |
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|
|
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Payment Behaviour : |
Regular |
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|
|
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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 (31.03.2012) |
Current Rating (30.06.2012) |
|
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 |
Flexibox Container GmbH
Waidmannsau 14
D 97084 Würzburg
Telephone: 0931/68840
Telefax: 0931/662111
Homepage: www.big-bag.net
E-mail: flexibox@big-bag.net
Company Status: active
DE811807037
LEGAL FORM Private limited company
Date of foundation: 24.02.1995
Shareholders'
agreement: 24.02.1995
Registered on: 15.03.1995
Commercial Register: Local court 97070 Würzburg
under: HRB 5192
Share capital: EUR 66,000.00
Karl Orth
Waidmannsau 14
D 97084 Würzburg
born: 15.11.1943
Share: EUR 33,000.00
Shareholder:
Christian Orth
D 20095 Hamburg
born: 06.07.1977
Share: EUR 33,000.00
Karl Orth
Waidmannsau 14
D 97084 Würzburg
having sole power of representation
born: 15.11.1943
Profession: Engineer
Marital status: married
Manager:
Christian Orth
D 20095 Hamburg
having sole power of representation
born: 06.07.1977
Further functions/participations of Karl Orth
(Manager)
Shareholder:
Copama Verpackungs- und Vertriebs GmbH
Waidmannsau 14
D 97084 Würzburg
Legal form: Private limited company
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 01.01.1900
Reg. data: 97070 Würzburg, HRB 1967
Manager:
Copama Verpackungs- und Vertriebs GmbH
Waidmannsau 14
D 97084 Würzburg
Legal form: Private limited company
Share capital: EUR 25,564.59
Registered
on: 01.01.1900
Reg. data: 97070 Würzburg, HRB 1967
Sectors
17210 Manufacture of corrugated paper and paperboard and of containers of paper and paperboard
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Waidmannsau 14
D 97084 Würzburg
Real Estate of: Karl Orth
Type of ownership: proprietor
Share: 100.00 %
Address Waidmannsau 14
D 97084 Würzburg
Real Estate of: Karl Orth
Type of ownership: proprietor
Share: 100.00 %
Address Waidmannsau 14
D 97084 Würzburg
Land register documents were not available.
UNICREDIT BANK - HYPOVEREINSBANK, WÜRZBURG
Sort. code: 79020076, BIC: HYVEDEMM455
Profit: 2011 EUR 54,912.00
Ac/ts
receivable:
EUR 87,283.00
Liabilities: EUR 160,911.00
Total numbers of
vehicles:
1
- Passenger
cars:
1
Employees:
3
- thereof permanent
staff:
3
The aforementioned business figures may partly be estimated information based on average values in the line of business.
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio
[%]: 37.24
Liquidity
ratio: 1.11
Return on total
capital [%]: 13.67
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio
[%]: 37.93
Liquidity
ratio: 0.61
Return on total
capital [%]: 11.18
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio
[%]: 21.84
Liquidity
ratio: 0.75
Return on total
capital [%]: -16.44
Balance sheet ratios
01.01.2008 - 31.12.2008
Equity ratio [%]: 53.06
Liquidity
ratio: 10.00
Return on total
capital [%]: 28.36
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: 01.01.2011 - 31.12.2011
ASSETS EUR 402,073.20
Fixed assets EUR 74,166.00
Intangible assets EUR 428.50
Other / unspecified intangible
assetsEUR 428.50
Tangible assets EUR 73,737.50
Other / unspecified tangible assets EUR 73,737.50
Current assets EUR 326,963.37
Stocks EUR 157,665.54
Accounts receivable EUR 87,283.26
Other debtors and assets EUR 87,283.26
Liquid means EUR 82,014.57
Remaining other assets EUR 943.83
Accruals (assets) EUR 943.83
LIABILITIES EUR 402,073.20
Shareholders' equity EUR 149,756.72
Capital EUR 66,000.00
Subscribed capital (share capital) EUR 66,000.00
Reserves EUR 29,493.78
Capital reserves EUR 10,693.78
Retained earnings / revenue reserves
EUR 18,800.00
Balance sheet profit/loss (+/-) EUR 54,262.94
Profit / loss brought forward EUR -649.25
Annual surplus / annual deficit EUR 54,912.19
Provisions EUR 91,405.47
Liabilities EUR 160,911.01
Other liabilities EUR 160,911.01
Unspecified other liabilities EUR 160,911.01
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 247,531.41
Fixed assets EUR 89,522.00
Intangible assets EUR 279.50
Other / unspecified intangible
assetsEUR 279.50
Tangible assets EUR 89,242.50
Other / unspecified tangible assets EUR 89,242.50
Current assets EUR 155,134.87
Stocks EUR 50,510.78
Accounts receivable EUR 43,215.46
Other debtors and assets EUR 43,215.46
Liquid means EUR 61,408.63
Remaining other assets EUR 2,874.54
Accruals (assets) EUR 2,874.54
LIABILITIES EUR 247,531.41
Shareholders' equity EUR 94,844.53
Capital EUR 66,000.00
Subscribed capital (share capital) EUR 66,000.00
Reserves EUR 29,493.78
Capital reserves EUR 10,693.78
Retained earnings / revenue reserves
EUR 18,800.00
Balance sheet profit/loss (+/-) EUR -649.25
Profit / loss brought forward EUR -28,123.92
Annual surplus / annual deficit EUR 27,474.67
Provisions EUR 22,942.00
Liabilities EUR 129,744.88
Other liabilities EUR 129,744.88
Unspecified other liabilities EUR 129,744.88
There may have been some changes since our last research took place. Therefore, a freshly researched report will follow shortly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
UK Pound |
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
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.