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Report No. : |
304620 |
|
Report Date : |
27.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
BOSCH PACKAGING SERVICES GMBH |
|
|
|
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Registered Office : |
Kölnische Str. 1-3, D 41747 Viersen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2008 |
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|
|
|
Date of Incorporation : |
25.03.1985 |
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|
|
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Com. Reg. No.: |
HRB 11146 |
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|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
·
Wholesaler
of other Household Goods ·
Packaging
activities |
|
|
|
|
No of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Dissolved |
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Payment Behaviour : |
----- |
|
Litigation : |
----- |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
Bosch Packaging Services GmbH
Kölnische Str. 1-3
D 41747 Viersen
dissolved since:
20.07.2012
We cannot give an opinion as to the
granting of a credit in this
particular case. Business relations on
credit basis are not
permissible.
LEGAL FORM Private
limited company
Date of foundation: 25.03.1985
Shareholders'
agreement: 25.03.1985
Registered on: 04.04.2005
Commercial Register: Local court 41061 Mönchengladbach
under: HRB
11146
Share capital: EUR 26,000.00
02.04.1985 - 13.11.1997 SIG Verpackungsmaschinen GmbH
Bendemannstr. 11
D 40210 Düsseldorf
Private limited
company
14.11.1997 - 09.08.1999 SIG Pack GmbH
Bendemannstr. 11
D 40210 Düsseldorf
Private limited
company
09.08.1999 - 13.06.2004 SIG Pack GmbH
Mindener Str. 12
D 40227 Düsseldorf
Private limited
company
14.06.2004 - 13.09.2004 SIG Pack Services GmbH
Mindener Str. 12
D 40227 Düsseldorf
Private limited
company
14.09.2004 - 04.04.2005 Sigpack Services GmbH
Mindener Str. 12
D 40227 Düsseldorf
Private limited
company
04.04.2005 - 02.10.2006 Sigpack Services GmbH
Kölnische Str. 1-3
D 41747 Viersen
Private limited
company
22.02.2008 - 20.07.2012 Manager
Bernd Dumke
D 71088 Holzgerlingen
15.01.2003 - 20.07.2012 Manager
Werner Ruhmann
D 59269 Beckum
Main industrial sector
4649
Wholesale of other household goods
82920
Packaging activities
Payment experience: could not be obtained
Negative information: We have no negative information at hand.
Balance sheet year: 2008
Type of ownership: unknown
Address Kölnische
Str. 1-3
D 41747 Viersen
Land register documents were not
available.
No bank connection is maintained.
No full-time employees are employed.
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 38.60
Liquidity ratio: 10.00
Return on total capital [%]: 0.67
Balance sheet grade: 2.2
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 35.58
Liquidity ratio: 10.00
Return on total capital [%]: 6.55
Balance sheet grade: 1.9
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: 01.01.2008 - 31.12.2008
ASSETS EUR 723,278.61
Fixed assets
EUR 4.51
Intangible assets
EUR 1.00
Tangible assets
EUR 3.51
Current assets
EUR 723,274.10
Accounts receivable
EUR 723,274.10
LIABILITIES EUR 723,278.61
Shareholders'
equity EUR 238,219.65
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Reserves
EUR 51,129.19
Capital reserves
EUR 51,129.19
Balance sheet profit/loss (+/-)
EUR 161,090.46
Balance sheet profit / loss
EUR 161,090.46
Provisions
EUR 424,752.74
Liabilities
EUR 60,306.22
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2007 - 31.12.2007
ASSETS EUR 655,854.17
Fixed assets
EUR 4.51
Intangible assets
EUR 1.00
Tangible assets
EUR 3.51
Current assets
EUR 655,849.66
Stocks
EUR 0.00
Accounts receivable
EUR 655,849.66
Investments in current assets
EUR 0.00
Liquid means EUR 0.00
LIABILITIES EUR 655,854.17
Shareholders' equity
EUR 233,346.65
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Reserves
EUR 51,129.19
Capital reserves
EUR 51,129.19
Retained earnings / revenue reserves EUR 0.00
Balance
sheet profit/loss (+/-) EUR 156,217.46
Profit / loss brought forward
EUR 113,232.13
Annual surplus / annual deficit
EUR 42,985.33
Provisions
EUR 402,690.74
Liabilities
EUR 19,816.78
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.50 |
|
UK Pound |
1 |
Rs.92.16 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.