MIRA INFORM REPORT

 

 

Report Date :

20.03.2013

 

IDENTIFICATION DETAILS

 

Name :

BÖLLHOFF GMBH

 

 

Registered Office :

Archimedesstr. 1-4, D 33649 Bielefeld

 

 

Country :

Germany

 

 

Date of Incorporation :

06.01.1877

 

 

Com. Reg. No.:

HRB 30972

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesaler of tools and hardware

 

 

No. of Employees :

Not available 

 

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 :

Regular 

 

 

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

 

 


Important note  

Your inquiry: Bollhoff Gmbh Logistikzentrum Sued, Siemensstr. 6, D 89343 Jettingen-Scheppach. The subject of your inquiry is a branch. We are reporting on the headquarters.

 

 

Company name & address 

 

Böllhoff GmbH

 

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

 

 

Company Status

 

active

 

 

CONCLUSION

 

Business relations are permissible. The company is considered solvent for credits within its scope of business.

 

 

Synthesis

 

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

 

 

COMPANY HISTORY

 

 22.06.1972 - 01.04.1994  Wilhelm Böllhoff GmbH

                          Archimedesstr. 1-4

                          D 33649 Bielefeld

                          Private limited company

 

 


RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 22.06.2010 - 22.06.2012  Manager

                          Thomas Maciejowski

                          D 33615 Bielefeld

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

46741   Wholesale of tools and hardware

 

Secondary industrial sector

96090   Other service activities n. e. c.

 

 

BRANCHES AND FACTORIES

 

 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

 

 

FINANCIAL INFORMATION

 

Payment experience:  takes advantage of cash discount

Negative information:    We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:        Tenant

 Address                       Archimedesstr. 1-4

                                    D 33649 Bielefeld

 

Land register documents were not available.

 

 

BANKERS

 

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

 

 


FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Share capital:                          EUR         14,000,000.00

 

 The number of employees is not known.

 

Control and profit transfer agreement to:

Böllhoff Beteiligungsgesellschaft mbH

Archimedesstr. 1-4

D 33649 Bielefeld


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.26

UK Pound

1

Rs.81.94

Euro

1

Rs.70.21

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.