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Report No. : |
326973 |
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Report Date : |
12.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
BOXON 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) : |
31.12.2013 |
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|
|
|
Date of Incorporation : |
04.10.1996 |
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|
|
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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 : |
·
Manufacture
of wooden containers ·
Manufacture
of plastic plates, sheets, tubes and profiles ·
Wholesale
of other household goods |
|
|
|
|
No. of Employees : |
20 |
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 |
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Status : |
Satisfactory |
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|
|
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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 – 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, 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 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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 plans to replace nuclear
power with renewable energy, which accounts for 34% of total energy
consumption, up from 9% in 2000. 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 |
BOXON
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
Proxy:
Andreas Blum
D 28857 Syke
having sole power of
representation
born: 17.05.1972
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
11.10.2013 - 10.06.2014 Boxon Jumbotainer GmbH
Bahnhofstr. 315
D 47447 Moers
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 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: 2013
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 19,312,871.00
Profit: 2013 EUR 678,452.00
Equipment: EUR 21,583.00
Ac/ts receivable: EUR 1,700,741.00
Liabilities: EUR 2,230,555.00
Employees: 20
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 56.49
Liquidity ratio: 0.78
Return on total capital [%]: 10.46
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 42.69
Liquidity ratio: 0.69
Return on total capital [%]: 17.51
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
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 6,485,643.14
Fixed assets
EUR 1,391,683.28
Intangible assets
EUR 49,666.00
Concessions, licences, rights
EUR 49,666.00
Tangible assets
EUR 21,583.00
Other tangible assets / fixtures and
fittings
EUR 21,583.00
Financial assets
EUR 1,320,434.28
Loans to participations /
subsidiaries and the like
EUR 1,320,434.28
Loans to related companies
EUR 1,320,434.28
Current assets
EUR 5,047,697.46
Stocks
EUR 3,293,161.32
Finished goods / work in progress
EUR 3,293,161.32
Accounts receivable
EUR 1,700,741.36
Trade debtors
EUR 1,441,399.15
Amounts due from related companies
EUR 105,128.00
Other debtors and assets
EUR 154,214.21
Liquid means
EUR 53,794.78
Remaining other assets
EUR 46,262.40
Accruals (assets) EUR 46,262.40
LIABILITIES EUR 6,485,643.14
Shareholders' equity
EUR 3,663,688.64
Capital
EUR 130,000.00
Subscribed capital (share capital)
EUR 130,000.00
Reserves
EUR 1,542,228.96
Capital reserves
EUR 1,542,228.96
Balance sheet profit/loss (+/-)
EUR 1,991,459.68
Balance
sheet profit / loss EUR 1,991,459.68
Provisions
EUR 591,399.88
Provisions for taxes
EUR 289,807.93
Other / unspecified provisions
EUR 301,591.95
Liabilities
EUR 2,230,554.62
Financial debts
EUR 680,450.24
Liabilities due to banks
EUR 680,450.24
Other liabilities
EUR 1,550,104.38
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,435,349.67
Unspecified other liabilities
EUR 114,754.71
thereof liabilities from tax /
financial authorities
EUR 31,612.34
thereof liabilities from social
security
EUR 9,045.89
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 19,312,871.14
Other operating income
EUR 307,456.46
Cost of materials
EUR 14,969,034.63
Raw materials and supplies, purchased
goods
EUR 14,969,034.63
Gross result (+/-)
EUR 4,651,292.97
Staff expenses
EUR 1,990,627.28
Wages and salaries
EUR 1,702,061.91
Social security contributions and
expenses for pension plans and
benefits
EUR 288,565.37
Total depreciation
EUR 29,861.12
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 29,861.12
Other operating expenses
EUR 1,576,634.58
Operating result from continuing
operations
EUR 1,054,169.99
Interest result (+/-)
EUR -5,856.53
Interest and similar income
EUR 13,616.75
thereof from related companies
EUR 13,283.96
Interest and similar expenses
EUR 19,473.28
Financial result (+/-)
EUR -5,856.53
Result from ordinary operations (+/-)
EUR 1,048,313.46
Income tax / refund of income tax (+/-)EUR -367,140.80
Other taxes / refund of taxes
EUR -2,720.79
Tax
(+/-)
EUR -369,861.59
Annual surplus / annual deficit
EUR 678,451.87
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS
EUR 3,375,493.22
Fixed assets
EUR 12,175.50
Tangible assets
EUR 12,175.50
Current assets
EUR 3,342,028.06
Stocks
EUR 2,190,889.88
Accounts receivable
EUR 1,115,848.78
Liquid means
EUR 35,289.40
Remaining other assets
EUR 21,289.66
Accruals (assets)
EUR 21,289.66
LIABILITIES EUR 3,375,493.22
Shareholders' equity
EUR 1,440,830.78
Capital
EUR 127,822.97
Subscribed capital (share capital)
EUR 127,822.97
Balance sheet profit/loss (+/-)
EUR 1,313,007.81
Profit / loss brought forward
EUR 721,823.30
Annual surplus / annual deficit
EUR 591,184.51
Provisions
EUR 280,576.42
Liabilities
EUR 1,654,086.02
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.98.90 |
|
Euro |
1 |
Rs.72.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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|
Report Prepared
by : |
NIT |
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.