MIRA INFORM REPORT

 

 

Report Date :

18.10.2013

 

IDENTIFICATION DETAILS

 

Name :

RALF BOHLE GMBH

 

 

Registered Office :

Otto-Hahn-Str. 1, D 51580 Reichshof

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2011

 

 

Year of Establishments:

1955

 

 

Com. Reg. No.:

HRB 8044

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer of rubber and tubes; retreading and rebuilding of rubber tires

 

 

No. of Employees :

138

 

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 – 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

 

 

Company name & address

 

Ralf Bohle GmbH

 

Otto-Hahn-Str. 1

D 51580 Reichshof

Telephone:        02265/1090

Telefax:             02265/7022

Homepage:        www.schwalbe.com

E-mail:              info@schwalbe.com

 

 

VAT no

 

DE122526279

 

 

Company Status

 

active

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         1955

Shareholders'

agreement:                    12.06.2001

Registered on:               08.08.2001

Commercial Register:     Local court 53721 Siegburg

under:                                       HRB 8044

Share capital:                 EUR          5,000,000.00

 

 

Shareholder

 

Frank Bohle

D 51702 Bergneustadt

born: 05.02.1962

Share:             EUR          1,398,400.00

 

Shareholder:

                     Ralf Bohle

                     Burstenweg 38

                     D 51702 Bergneustadt

                     born: 21.03.1935

                     Share:             EUR          1,302,500.00

Shareholder:

                     Helga Bohle

                     D 51702 Bergneustadt

                     Share:             EUR            749,200.00

Shareholder:

                     Andrea Jahn

                     Burstenweg 43

                     D 51702 Bergneustadt

                     born: 1957

                     Share:             EUR            699,200.00

Shareholder:

                     Holger Jahn

                     Burstenweg 43

                     D 51702 Bergneustadt

                     born: 07.08.1961

                     Share:             EUR            699,200.00

Shareholder:

                     Ute Bohle

                     Kölner Str. 299

                     D 51702 Bergneustadt

                     born: 17.09.1937

                     née: Timmerbeil

                     Share:             EUR            151,500.00

 

Manager

 

Holger Jahn

Burstenweg 43

D 51702 Bergneustadt

authorized to jointly represent the company

born: 07.08.1961

Marital status: married

 

Manager:

                     Andreas Grothe

                     Hermann-Renner-Str. 23

                     D 51645 Gummersbach

                     authorized to jointly represent the company

                     born: 14.03.1961

                     Profession: Businessman

                     Marital status: married

Manager:

                     Frank Bohle

                     D 51702 Bergneustadt

                     authorized to jointly represent the company

                     born: 05.02.1962

                     Profession: Businessman

                     Marital status: married

 

Proxy

 

Jürgen Krischke

D 51702 Bergneustadt

authorized to jointly represent the company

born: 07.12.1954

 

Proxy:

                     Bernd Hopp

                     D 51702 Bergneustadt

                     authorized to jointly represent the company

                     born: 11.04.1956

 

 

COMPANY HISTORY

 

1955 - 20.03.1975        Ralf Bohle

                         Kölner Str. 299

                         D 51702 Bergneustadt

                         Unregistered commercial enterprise

20.03.1975 - 10.07.1995  Ralf Bohle & Co. Gesellschaft mit

                         beschränkter Haftung

                         Kölner Str. 299

                         D 51702 Bergneustadt

                         Private limited company

10.07.1995 - 17.12.1998  Ralf Bohle Gesellschaft mit beschränkter

                         Haftung

                         Otto-Hahn-Str. 1

                         D 51580 Reichshof

                         Private limited company

17.12.1998 - 21.06.2001  Ralf Bohle GmbH & Co. KG (HRA 1553)

                         Otto-Hahn-Str. 1

                         D 51580 Reichshof

                         Ltd partnership with priv. ltd. company

                         as general partner

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

22110   Manufacture of rubber and tubes; retreading and rebuilding of rubber tires

 

Secondary industrial sector

4649    Wholesale of other household goods

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Balance sheet year:       2011

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Otto-Hahn-Str. 1

                                    D 51580 Reichshof

 

Real Estate of:               Holger Jahn

Type of ownership:         part owner

Share:                           50.00 %

Address                        Burstenweg 43

                                    D 51702 Bergneustadt

 

Real Estate of:               Andreas Grothe

Type of ownership:         Tenant

Address                        Hermann-Renner-Str. 23

                                    D 51645 Gummersbach

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

DEUTSCHE BANK, BERGNEUSTADT

Sort. code: 38470091, BIC: DEUTDEDW384

 

Further banks

SPARKASSE GUMMERSBACH-BERGNEUSTADT, BERGNEUSTADT

Sort. code: 38450000, BIC: WELADED1GMB

KREISSPARKASSE KÖLN, REICHSHOF

Sort. code: 37050299, BIC: COKSDE33XXX

COMMERZBANK, GUMMERSBACH

Sort. code: 38440016, BIC: COBADEFF384

DEUTSCHE BANK, GUMMERSBACH

Sort. code: 38470091, BIC: DEUTDEDW384

POSTBANK, KÖLN

Sort. code: 37010050, BIC: PBNKDEFF370

 

 

FINANCIAL FIGURES

 

Turnover:            2011               EUR        118,578,848.00

Profit:              2011               EUR         16,984,216.00

Equipment:                              EUR          3,913,120.00

Ac/ts receivable:                       EUR         10,126,422.00

Liabilities:                            EUR         12,624,569.00

Employees:                                                    138

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2011 - 31.12.2011

Equity ratio [%]:                 73.87

Liquidity ratio:                   1.80

Return on total capital [%]:      26.57

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 83.75

Liquidity ratio:                  10.00

Return on total capital [%]:      26.61

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 84.92

Liquidity ratio:                   5.07

Return on total capital [%]:      28.15

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 83.63

Liquidity ratio:                  10.00

Return on total capital [%]:      20.21

 

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         63,918,141.55

 Fixed assets                           EUR         23,609,230.94

  Intangible assets                     EUR            651,339.40

   Concessions, licences, rights        EUR            646,008.00

   Advance payments for intang. assets  EUR              5,331.40

  Tangible assets                       EUR         11,224,563.36

   Land / similar rights                EUR          6,950,772.08

   Other tangible assets / fixtures and

   fittings                             EUR          3,913,120.00

   Advance payments made / construction

   in progress                          EUR            360,671.28

  Financial assets                      EUR         11,733,328.18

   Shares in participations /

   subsidiaries and the like            EUR            398,121.75

    Shares in related companies         EUR            398,121.75

   Loans to participations /

   subsidiaries and the like            EUR         10,835,206.43

    Loans to related companies          EUR          3,835,206.43

    Loans to investee companies         EUR          7,000,000.00

   Other loans                          EUR            500,000.00

 Current assets                         EUR         40,006,145.11

  Stocks                                EUR         17,561,788.15

   Finished goods / work in progress    EUR         17,561,788.15

  Accounts receivable                   EUR         10,126,421.95

   Trade debtors                        EUR          8,531,693.42

   Amounts due from related companies   EUR            719,958.73

   Other debtors and assets             EUR            874,769.80

  Investments in current assets         EUR          5,475,000.00

   Other investments                    EUR          5,475,000.00

  Liquid means                          EUR          6,842,935.01

 Remaining other assets                 EUR            302,765.50

  Accruals (assets)                     EUR            302,765.50

 

LIABILITIES                             EUR         63,918,141.55

 Shareholders' equity                   EUR         47,076,052.50

  Capital                               EUR          5,000,000.00

   Subscribed capital (share capital)   EUR          5,000,000.00

  Reserves                              EUR         10,022,564.59

   Capital reserves                     EUR             22,564.59

   Retained earnings / revenue reserves EUR         10,000,000.00

  Balance sheet profit/loss (+/-)       EUR         32,053,487.91

   Profit / loss brought forward        EUR         15,069,271.80

   Annual surplus / annual deficit      EUR         16,984,216.11

 Provisions                             EUR          4,217,520.00

  Pension provisions and comparable

  provisions                            EUR            953,496.00

  Provisions for taxes                  EUR          1,162,939.00

  Other / unspecified provisions        EUR          2,101,085.00

 Liabilities                            EUR         12,624,569.05

  Other liabilities                     EUR         12,624,569.05

   Trade creditors (for IAS incl. bills

   of exchange)                         EUR          2,308,318.98

   Liabililties due to related companiesEUR            315,866.09

   Liabilities due to investee companiesEUR            569,486.04

   Unspecified other liabilities        EUR          9,430,897.94

    thereof liabilities from tax /

    financial authorities               EUR            734,221.56

    thereof liabilities from social

    security                            EUR              5,030.44

 

PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

Code (HGB)

 Sales                                  EUR        118,578,847.97

 Other operating income                 EUR            284,240.60

 Cost of materials                      EUR         75,399,113.56

  Raw materials and supplies, purchased

  goods                                 EUR         75,399,113.56

 Gross result (+/-)                     EUR         43,463,975.01

 Staff expenses                         EUR          9,602,834.40

  Wages and salaries                    EUR          8,347,793.40

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR          1,255,041.00

 Total depreciation                     EUR          1,784,590.61

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR          1,784,590.61

 Other operating expenses               EUR         10,473,761.71

 Operating result from continuing

 operations                             EUR         21,602,788.29

 Result from participating interests

 (+/-)                                  EUR          2,000,000.00

  Expenses / income from participations EUR          2,000,000.00

   Income from related companies        EUR          2,000,000.00

 Interest result (+/-)                  EUR            338,209.76

  Interest and similar income           EUR            518,183.16

   thereof from related companies       EUR            293,963.67

  Interest and similar expenses         EUR            179,973.40

 Financial result (+/-)                 EUR          2,338,209.76

 Result from ordinary operations (+/-)  EUR         23,940,998.05

 Income tax / refund of income tax (+/-)EUR         -6,912,181.60

 Other taxes / refund of taxes          EUR            -44,600.34

 Tax (+/-)                              EUR         -6,956,781.94

 Annual surplus / annual deficit        EUR         16,984,216.11

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2010 - 31.12.2010

 

ASSETS                                  EUR         57,171,529.57

 Fixed assets                           EUR         19,912,036.11

  Intangible assets                     EUR             62,428.00

   Concessions, licences, rights        EUR             62,428.00

  Tangible assets                       EUR         10,861,234.06

   Land / similar rights                EUR          7,128,645.08

   Other tangible assets / fixtures and

   fittings                             EUR          3,410,544.00

   Advance payments made / construction

   in progress                          EUR            322,044.98

  Financial assets                      EUR          8,988,374.05

   Shares in participations /

   subsidiaries and the like            EUR            398,121.75

    Shares in related companies         EUR            398,121.75

   Loans to participations /

   subsidiaries and the like            EUR          8,165,252.30

    Loans to related companies          EUR          3,165,252.30

    Loans to investee companies         EUR          5,000,000.00

   Other loans                          EUR            425,000.00

 Current assets                         EUR         36,993,092.58

  Stocks                                EUR         14,929,403.72

   Finished goods / work in progress    EUR         14,929,403.72

  Accounts receivable                   EUR          7,376,869.33

   Trade debtors                        EUR          5,718,490.76

   Amounts due from related companies   EUR            774,251.90

   Other debtors and assets             EUR            884,126.67

  Liquid means                          EUR         14,686,819.53

 Remaining other assets                 EUR            266,400.88

  Accruals (assets)                     EUR            266,400.88

 

LIABILITIES                             EUR         57,171,529.57

 Shareholders' equity                   EUR         47,091,836.39

  Capital                               EUR          5,000,000.00

   Subscribed capital (share capital)   EUR          5,000,000.00

  Reserves                              EUR         10,022,564.59

   Capital reserves                     EUR             22,564.59

   Retained earnings / revenue reserves EUR         10,000,000.00

  Balance sheet profit/loss (+/-)       EUR         32,069,271.80

   Profit / loss brought forward        EUR         17,014,002.14

   Annual surplus / annual deficit      EUR         15,055,269.66

 Provisions                             EUR          3,570,501.00

  Pension provisions and comparable

  provisions                            EUR            959,799.00

  Provisions for taxes                  EUR            607,146.00

  Other / unspecified provisions        EUR          2,003,556.00

 Liabilities                            EUR          6,509,192.18

  Other liabilities                     EUR          6,509,192.18

   Trade creditors (for IAS incl. bills

   of exchange)                         EUR          1,873,062.23

   Liabililties due to related companiesEUR            184,466.65

   Liabilities due to investee companiesEUR            825,622.17

   Unspecified other liabilities        EUR          3,626,041.13

    thereof liabilities from tax /

    financial authorities               EUR            454,243.58

    thereof liabilities from social

    security                            EUR              3,230.67

 

PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

Code (HGB)

 Sales                                  EUR         96,577,746.25

 Other operating income                 EUR            660,355.93

 Cost of materials                      EUR         59,275,784.05

  Raw materials and supplies, purchased

  goods                                 EUR         59,275,784.05

 Gross result (+/-)                     EUR         37,962,318.13

 Staff expenses                         EUR          8,897,224.99

  Wages and salaries                    EUR          7,695,383.66

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR          1,201,841.33

 Total depreciation                     EUR          1,441,378.15

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR          1,441,378.15

 Other operating expenses               EUR          9,525,409.82

 Operating result from continuing

 operations                             EUR         18,098,305.17

 Result from participating interests

 (+/-)                                  EUR          2,500,000.00

  Expenses / income from participations EUR          2,500,000.00

   Income from related companies        EUR          2,500,000.00

 Interest result (+/-)                  EUR            386,354.38

  Interest and similar income           EUR            452,236.30

   thereof from related companies       EUR            291,097.91

  Interest and similar expenses         EUR             65,881.92

 Financial result (+/-)                 EUR          2,886,354.38

 Result from ordinary operations (+/-)  EUR         20,984,659.55

 Extraordinary expenses                 EUR            144,371.00

 Extraordinary result (+/-)             EUR           -144,371.00

 Income tax / refund of income tax (+/-)EUR         -5,742,388.59

 Other taxes / refund of taxes          EUR            -42,630.30

 Tax (+/-)                              EUR         -5,785,018.89

 Annual surplus / annual deficit        EUR         15,055,269.66

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.58

UK Pound

1

Rs.98.51

Euro

1

Rs.83.49

 

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.