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Report Date : |
27.05.2014 |
IDENTIFICATION DETAILS
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Name : |
BOXON JUMBOTAINER GMBH |
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Registered Office : |
Bahnhofstr. 315, D 47447 Moers |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
04.10.1996 |
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Com. Reg. No.: |
HRB 12415 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer of Wooden Containers. |
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No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a
minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
NOTE: The subject of your inquiry is a
branch. We are reporting on the headquarters.
Boxon Jumbotainer
GmbH
Company Status: active
Bahnhofstr. 315
D
47447 Moers
Telephone:02841/8833370
Telefax: 02841/8833399
Homepage: www.boxonbulk.de
E-mail: info@boxon.com
DE182523130
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 04.10.1996
Shareholders'
agreement: 04.10.1996
Registered on: 11.10.2013
Commercial Register: Local court 47533 Kleve
under: HRB
12415
EUR 130,000.00
Shareholder:
Boxon
Bulk AB
S - Helsingborg
Legal
form: Other legal form
Share: EUR 130,000.00
Manager:
Jörg
Wydra
Begonienstr. 55
D
28816 Stuhr
having
sole power of representation
born:
16.04.1956
Profession: Businessman
Manager:
Oliver
Grüters
Geldolfstr. 33
D 47839
Krefeld
having
sole power of representation
born:
09.02.1970
Profession: Businessman
Marital status: single
Proxy:
Sandra
Eyring-Wein
D 50126 Bergheim
having
sole power of representation
born:
26.03.1969
04.10.1996 -
06.12.2001 EWP - Industrieemballagen
GmbH
Wilhelm-Hörmes-Str. 52
D 47877 Willich
Private limited company
07.12.2001 -
15.11.2002 Boxon GmbH
Wilhelm-Hörmes-Str. 52
D
47877 Willich
Private limited company
15.11.2002 -
17.07.2013 Boxon GmbH
Gießerallee 33
D
47877 Willich
Private limited company
17.07.2013 -
11.10.2013 Boxon Jumbotainer GmbH
Gießerallee 33
D
47877 Willich
Private limited company
Main industrial
sector
16240 Manufacture of
wooden containers
22210 Manufacture of
plastic plates, sheets, tubes and profiles
4649 Wholesale of other
household goods
Secondary
industrial sector
52100 Warehousing
Branch:
Boxon
Jumbotainer GmbH
Rudolf-Diesel-Str. 8
D
28857 Syke
TEL.: 04242/9574-0
FAX.:
04242/9574-19
Payment experience: within
agreed terms
Negative information:We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Bahnhofstr. 315
D 47447 Moers
Real Estate of: Oliver
Grüters
Type of ownership: unknown
Address Geldolfstr.
33
D 47839 Krefeld
Land register documents
were not available.
Principal bank
SEB MERCHANT BANKING, 60283
FRANKFURT AM MAIN
Sort. code: 51220200
BIC: ESSEDEFFXXX
Further bank
COMMERZBANK VORMALS
DRESDNER BANK, 47705 KREFELD
Sort. code: 32080010
BIC: DRESDEFF320
Turnover: 2013 EUR 10,000,000.00
Equipment: *EUR 242,500.00
Ac/ts receivable: EUR 1,108,497.00
Liabilities: EUR 1,943,109.00
Employees:
20
The business figures marked
with an asterisk are estimates based on average values in the line of business.
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 31.58
Liquidity ratio: 0.60
Return on total capital
[%]: 17.62
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 51.49
Liquidity ratio: 0.91
Return on total capital
[%]: 11.75
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: 59.94
Liquidity ratio: 1.26
Return on total capital
[%]: 23.32
Balance sheet ratios
01.01.2008 - 31.12.2008
Equity ratio [%]: 44.54
Liquidity ratio: 0.52
Return on total capital
[%]: 16.12
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 2,985,611.90
Fixed assets
EUR 8,865.91
Tangible assets
EUR 8,865.91
Other / unspecified tangible assets
EUR 8,865.91
Current assets EUR 2,949,773.70
Stocks
EUR 1,829,749.98
Accounts receivable
EUR 1,108,496.88
Other debtors and assets
EUR 1,108,496.88
Liquid means
EUR 11,526.84
Remaining other assets
EUR 26,972.29
Accruals (assets)
EUR 26,972.29
LIABILITIES EUR 2,985,611.90
Shareholders' equity
EUR 849,646.27
Capital
EUR 127,822.97
Subscribed capital (share capital)
EUR 127,822.97
Balance sheet profit/loss (+/-)
EUR 721,823.30
Profit / loss brought forward
EUR 196,376.65
Annual surplus / annual deficit
EUR 525,446.65
Provisions
EUR 192,856.35
Liabilities EUR 1,943,109.28
Other liabilities
EUR 1,943,109.28
Unspecified other liabilities
EUR 1,943,109.28
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 2,765,440.38
Fixed assets
EUR 11,203.08
Tangible assets
EUR 11,203.08
Other / unspecified tangible assets
EUR 11,203.08
Current assets
EUR 2,722,707.66
Stocks
EUR 1,610,439.44
Accounts receivable
EUR 1,096,741.13
Other debtors and assets
EUR 1,096,741.13
Liquid means
EUR 15,527.09
Remaining other assets
EUR 31,529.64
Accruals (assets)
EUR 31,529.64
LIABILITIES EUR 2,765,440.38
Shareholders' equity
EUR 1,324,199.62
Capital
EUR 127,822.97
Subscribed capital (share capital)
EUR 127,822.97
Balance sheet profit/loss (+/-)
EUR 1,196,376.65
Profit / loss brought forward
EUR 872,513.92
Annual surplus / annual deficit
EUR 323,862.73
Provisions
EUR 122,803.30
Liabilities
EUR 1,318,437.46
Other liabilities
EUR 1,318,437.46
Unspecified other liabilities EUR 1,318,437.46
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.59 |
|
|
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.