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Report Date : |
25.03.2013 |
IDENTIFICATION DETAILS
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Correct Name : |
CHR. BOCK & SOHN VERWALTUNGSGESELLSCHAFT
MBH |
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Registered Office : |
An' n Slagboom 43-45, D 22848
Norderstedt |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.07.2000 |
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Com. Reg. No.: |
HRB 4500 NO |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer of other general-purpose
machinery |
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No. of Employees : |
06 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 |
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High |
B2 |
|
Very High |
C1 |
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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 |
Chr. Bock & Sohn Verwaltungsgesellschaft mbH
An' n Slagboom 43-45
D 22848 Norderstedt
Telephone: 040/5284060
Telefax:
040/52840622
Homepage: www.bockpack.com
E-mail:
mail@bockpack.com
active
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.07.2000
Shareholders'
agreement: 01.07.2000
Registered on: 28.11.2000
Commercial Register: Local court 24114 Kiel
under: HRB
4500 NO
Share capital: EUR 25,000.00
Michael Drinkuth
D 22848 Norderstedt
born: 25.12.1965
Share: EUR 8,350.00
Shareholder:
Stephan Drinkuth
D 20251 Hamburg
born: 21.01.1969
Share: EUR 8,350.00
Shareholder:
Susanne Drinkuth-Koch
D 22850 Norderstedt
Share: EUR 8,300.00
Michael Drinkuth
D 22848 Norderstedt
having sole power of representation
born: 25.12.1965
Profession: Businessman
Marital status: unknown
Manager:
Stephan Drinkuth
D 20251 Hamburg
having sole power of
representation
born: 21.01.1969
Profession: Businessman
Marital status: unknown
Further
functions/participations of Michael Drinkuth (Manager)
Limited partner:
Chr. Bock & Sohn GmbH & Co. KG
An'n Slagboom 43-45
D 22848 Norderstedt
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 216,000.00
contribution:
Share: EUR 72,000.00
Registered
on: 01.07.2000
Reg. data: 24114 Kiel, HRA 2676 NO
Shareholder:
Chr. Bock & Sohn
Verwaltungsgesellschaft mbH
An'n Slagboom 43
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 8,350.00
Registered
on: 28.11.2000
Reg. data: 24114 Kiel, HRB 4500 NO
Manager:
Chr. Bock & Sohn
Verwaltungsgesellschaft mbH
An'n Slagboom 43
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 28.11.2000
Reg. data: 24114 Kiel, HRB 4500 NO
Further
functions/participations of Stephan Drinkuth (Manager)
Limited partner:
Chr. Bock & Sohn GmbH
& Co. KG
An'n Slagboom 43-45
D 22848 Norderstedt
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 216,000.00
contribution:
Share: EUR 72,000.00
Registered
on: 01.07.2000
Reg. data: 24114 Kiel, HRA 2676 NO
Sectors
28290
Manufacture of other general-purpose machinery
4669
Wholesale of other machinery, equipment and supplies
General
partner:
Chr. Bock & Sohn GmbH
& Co. KG
An'n Slagboom 43-45
D 22848 Norderstedt
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 216,000.00
contribution:
Reg. data: 01.07.2000
Local court
24114 Kiel
HRA 2676 NO
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address An'
n Slagboom
D 22848 Norderstedt
Land register documents were not available.
DEUTSCHE BANK, HAMBURG
Sort. code: 20070000, Account no.: 6203434,
BIC: DEUTDEHHXXX
COMMERZBANK
VORMALS DRESDNER BANK, HAMBURG
Sort. code: 20080000, Account no.: 0590955700,
BIC: DRESDEFF200
Turnover: 2011 EUR 720,000.00
2012 EUR 720,000.00
Profit: 2011 EUR 3,181.00
further business figures:
Equipment: EUR 48,000.00
Ac/ts receivable: EUR 57,754.00
Liabilities: EUR 144,000.00
Employees:
6
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 [%]: 97.84
Liquidity ratio: 10.00
Return on total capital [%]: 5.51
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 97.71
Liquidity ratio: 10.00
Return on total capital [%]: 7.37
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 97.53
Liquidity ratio: 10.00
Return on total capital [%]: 7.72
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 97.00
Liquidity ratio: 10.00
Return on total capital [%]: 8.00
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 57,753.65
Current assets
EUR 57,753.65
Accounts receivable
EUR 57,753.65
Other debtors and assets
EUR 57,753.65
LIABILITIES EUR 57,753.65
Shareholders' equity
EUR 56,503.65
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 31,503.65
Profit / loss brought forward
EUR 28,322.25
Annual surplus / annual deficit
EUR 3,181.40
Provisions
EUR 1,250.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 54,634.75
Current assets
EUR 54,634.75
Accounts receivable EUR 54,634.75
Other debtors and assets
EUR 54,634.75
LIABILITIES EUR 54,634.75
Shareholders' equity
EUR 53,384.75
Capital EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 28,384.75
Profit / loss brought forward
EUR 24,360.85
Annual surplus / annual deficit
EUR 4,023.90
Provisions
EUR 1,250.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
UK Pound |
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
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 |
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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.