|
Report No. : |
315777 |
|
Report Date : |
08.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
BÖLLHOFF GMBH |
|
|
|
|
Registered Office : |
Archimedesstr. 1-4, D 33649 Bielefeld |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
06.01.1877 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of Tools and Hardware |
|
|
|
|
No. of Employees : |
393 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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, 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 |
BÖLLHOFF GMBH
Company Status: active
Archimedesstr. 1-4
D 33649 Bielefeld
Telephone:0521/4482-01
Telefax:
0521/4493-64
Homepage: www.boellhoff.com
E-mail:
info@boellhoff.de
VAT
no.: DE126937416
Tax
ID number: 349/5760/1070
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 06.01.1877
Registered on: 15.02.1925
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 33649 Bielefeld
born: 04.07.1961
Proxy:
Karsten Busch
D 73663 Berglen
authorized to jointly
represent the company
born: 02.03.1967
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
Proxy:
Frank Nientiedt
D 33649 Bielefeld
authorized to jointly
represent the company
born: 14.08.1968
Further functions/participations of Wilhelm
Alexander Böllhoff
(Manager)
Limited partner:
Wilhelm Böllhoff GmbH & Co. KG
Archimedesstr. 1-4
D 33649 Bielefeld
Post Box:
14 0240, D 33622
Bielefeld
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 31,500,000.00
contribution:
Share: EUR 8,719,500.00
Registered
on: 29.10.1988
Reg. data: 33602 Bielefeld, HRA 12987
Shareholder:
HoZo
Beteiligungsgesellschaft mbH
Hohenzollernstr. 58
D 33617 Bielefeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on: 19.11.2013
Reg. data: 33602 Bielefeld, HRB 41274
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 Immobilien GmbH
Archimedesstr. 1-4
D 33649 Bielefeld
Legal form: Private
limited company
Share capital: EUR 4,500,000.00
Registered
on: 22.08.2014
Reg. data: 33602 Bielefeld, HRB 41561
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
15.02.1925 - 01.04.1994 Wilhelm Böllhoff GmbH
Archimedesstr. 1-4
D 33649 Bielefeld
Private limited
company
22.06.2010 - 22.06.2012 Manager
Thomas Maciejowski
D 33615 Bielefeld
Main industrial sector
46741
Wholesale of tools and hardware
Secondary industrial sector
96090
Other service activities n. e. c.
Branch:
Böllhoff GmbH
Marie-Curie-Str. 10
D 71364 Winnenden
TEL.: 07195/18050
Reg. entry: 10.02.1972
Branch:
Böllhoff GmbH,
Zweigniederlassung Eching
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
D 04420 Markranstädt
TEL.: 0341/94408-0
FAX.: 0341/94408-15
Reg. entry: 16.03.1992
Branch:
Böllhoff GmbH
Archimedesstr. 1-4
D 33649 Bielefeld
Reg. entry: 16.03.1998
Branch:
Böllhoff GmbH
Siemensstr. 6
D 89343
Jettingen-Scheppach
TEL.: 08225/3097-0
FAX.: 08225/309730
Payment experience: within periods customary in this trade
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Archimedesstr. 1-4
D 33649 Bielefeld
Land register documents were not available.
Principal bank
COMMERZBANK, 33596 BIELEFELD
Sort. code: 48040035
BIC: COBADEFFXXX
Further banks
DEUTSCHE BANK, 33501 BIELEFELD
Sort. code: 48070020
BIC: DEUTDE3BXXX
SPARKASSE BIELEFELD, 33526 BIELEFELD
Sort. code: 48050161
BIC: SPBIDE3BXXX
Turnover: 2013 EUR 158,132,408.00
Profit: 2013 EUR 253,097.00
Equipment: EUR 1,716,135.00
Ac/ts receivable: EUR 20,533,219.00
Liabilities: EUR 58,728,037.00
Employees:
393
Control and profit transfer agreement to:
Böllhoff
Beteiligungsgesellschaft mbH
Archimedesstr. 1-4
D 33649 Bielefeld
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 1.36
Liquidity ratio: 0.06
Return on total capital [%]: 0.40
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 22.99
Liquidity ratio: 0.33
Return on total capital [%]: -3.42
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: 01.01.2013 - 31.12.2013
ASSETS EUR 79,748,840.69
Fixed assets
EUR 1,953,892.27
Intangible assets
EUR 2,925.00
Concessions, licences, rights
EUR 2,925.00
Tangible assets
EUR 1,736,991.62
Land / similar rights
EUR 20,857.00
Other tangible assets / fixtures and
fittings
EUR 1,716,134.62
Financial assets
EUR 213,975.65
Shares in participations /
subsidiaries and the like
EUR 213,975.65
Current assets
EUR 74,705,172.48
Stocks
EUR 53,899,956.50
Raw materials, consumables and
supplies
EUR 96,956.50
Finished goods / work in progress
EUR 53,803,000.00
Accounts receivable
EUR 20,533,219.26
Amounts due from shareholders
EUR 17,149,875.57
Amounts due from related companies
EUR 871,605.04
Amounts due from investee companies
EUR 180,000.00
Other debtors and assets
EUR 2,331,738.65
Liquid means
EUR 271,996.72
Remaining other assets
EUR 3,089,775.94
Accruals (assets)
EUR 3,012,122.94
Active difference from asset
offsetting
EUR 77,653.00
LIABILITIES EUR 79,748,840.69
Shareholders' equity
EUR 18,000,000.00
Capital EUR 14,000,000.00
Subscribed capital (share capital)
EUR 14,000,000.00
Reserves
EUR 4,000,000.00
Capital reserves
EUR 4,000,000.00
Provisions
EUR 3,020,803.78
Other / unspecified provisions
EUR 3,020,803.78
Liabilities
EUR 58,728,036.91
Financial debts
EUR 5,708,281.16
Liabilities due to banks
EUR 5,708,281.16
Other liabilities
EUR 53,019,755.75
Liabililties due to related companiesEUR 51,443,471.63
Unspecified other liabilities EUR 1,576,284.12
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 158,132,408.19
Other operating income
EUR 7,543,405.98
Cost of materials
EUR 116,929,667.70
Raw materials and supplies, purchased
goods
EUR 116,929,667.70
Gross result (+/-)
EUR 48,746,146.47
Staff expenses EUR 21,554,585.82
Wages and salaries
EUR 18,074,301.32
Social security contributions and
expenses for pension plans and
benefits
EUR 3,480,284.50
Total depreciation
EUR 466,476.53
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 466,476.53
Other operating expenses
EUR 25,110,544.94
Operating result from continuing
operations
EUR 1,614,539.18
Result from participating interests
(+/-)
EUR 173,602.49
Expenses / income from participations EUR 173,602.49
Interest result (+/-)
EUR -1,535,044.56
Interest and similar income
EUR 55,118.39
thereof from related companies
EUR 3,097.21
Interest
and similar expenses EUR 1,590,162.95
thereof paid to related companies
EUR 1,567,883.87
Financial result (+/-)
EUR -1,361,442.07
Result from ordinary operations (+/-)
EUR 253,097.11
Extraordinary income
EUR 0.00
Extraordinary result (+/-)
EUR 0.00
Annual surplus / annual deficit
EUR 253,097.11
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 78,281,725.92
Fixed assets
EUR 2,223,970.90
Tangible assets
EUR 1,880,946.25
Land / similar rights
EUR 26,529.00
Other tangible assets / fixtures and
fittings
EUR 1,814,871.62
Advance payments made / construction
in progress EUR 39,545.63
Financial assets
EUR 343,024.65
Shares in participations /
subsidiaries and the like
EUR 213,975.65
Shares in investee companies
EUR 213,975.65
Other / unspecified financial assets EUR 129,049.00
Current assets
EUR 72,754,660.18
Stocks
EUR 53,935,484.10
Raw materials, consumables and
supplies EUR 155,375.10
Finished goods / work in progress
EUR 53,780,109.00
Accounts receivable
EUR 18,749,498.39
Trade debtors
EUR 15,083,776.76
Amounts due from related companies
EUR 1,826,097.95
Amounts due from investee companies
EUR 183,782.99
Other debtors and assets
EUR 1,655,840.69
Liquid means
EUR 69,677.69
Remaining other assets
EUR 3,303,094.84
Accruals (assets)
EUR 3,303,094.84
LIABILITIES EUR 78,281,725.92
Shareholders' equity EUR 18,000,000.00
Capital
EUR 14,000,000.00
Subscribed capital (share capital)
EUR 14,000,000.00
Reserves
EUR 4,000,000.00
Capital reserves EUR 4,000,000.00
Provisions
EUR 3,465,630.00
Pension provisions and comparable
provisions
EUR 51,144.00
Provisions for taxes
EUR 8,740.00
Other / unspecified provisions
EUR 3,405,746.00
Liabilities
EUR 56,816,095.92
Financial debts
EUR 195,318.78
Liabilities due to banks
EUR 195,318.78
Other liabilities
EUR 56,620,777.14
Trade creditors (for IAS incl. bills
of exchange)
EUR 6,555,368.66
Liabililties
due to related companiesEUR
49,420,270.52
Unspecified other liabilities
EUR 645,137.96
thereof liabilities from tax /
financial authorities
EUR 270,058.33
thereof liabilities from social
security
EUR 87,821.58
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 163,400,751.03
Other operating income EUR 7,002,879.21
Cost of materials
EUR 123,089,203.91
Raw materials and supplies, purchased
goods
EUR 123,089,203.91
Gross result (+/-)
EUR 47,314,426.33
Staff expenses
EUR 22,210,040.42
Wages and salaries
EUR 17,992,446.55
Social security contributions and
expenses for pension plans and
benefits EUR 4,217,593.87
Total depreciation
EUR 436,331.93
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 436,331.93
Other
operating expenses EUR 26,789,070.61
Operating result from continuing
operations
EUR -2,121,016.63
Result from participating interests
(+/-)
EUR 200,054.12
Expenses / income from participations EUR 200,054.12
Interest result (+/-)
EUR -754,887.32
Interest and similar income
EUR 47,112.12
thereof from related companies
EUR 6,147.79
Interest and similar expenses
EUR 801,999.44
thereof paid to related companies
EUR 749,180.34
Financial result (+/-)
EUR -554,833.20
Result from ordinary operations (+/-)
EUR -2,675,849.83
Extraordinary income
EUR 15,209,686.18
Extraordinary expenses
EUR 20,595,029.83
Extraordinary result (+/-)
EUR -5,385,343.65
Income from assumption of loss by
parent company
EUR 8,061,193.48
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.33 |
|
|
1 |
Rs.92.83 |
|
Euro |
1 |
Rs.68.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.