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MIRA INFORM REPORT
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Report No. : |
493119 |
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Report Date : |
20.02.2018 |
IDENTIFICATION DETAILS
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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) : |
31.12.2015 |
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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 : |
·
Manufacture of wooden
containers
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No. of Employees : |
25 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately 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 a large increase in 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. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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.
The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros during 2016-18, largely in infrastructure, is intended to spur needed private investment. 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 largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, 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. Domestic consumption, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2018.
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Source
: CIA |
Company
name and address
Boxon GmbH
Bahnhofstr. 315
D 47447 Moers
Telephone:02841/8833370
Telefax: 02841/8833399
Homepage: www.boxonbulk.de
E-mail: info@boxon.com
Company
Status
Active
VAT no.
DE182523130
CONCLUSION
Business relations are permissible.
Company
summery
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
Share capital: EUR 250,000.00
Shareholder:
Boxon Invest AB
S Helsingborg
Legal form: Other legal
form
Share: EUR 225,000.00
Shareholder:
Oliver Grüters
Geldolfstr. 33
D 47839 Krefeld
born: 09.02.1970
Share: EUR 25,000.00
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
COMPANY
HISTORY
company name and legal form
11.10.2013 - 10.06.2014 Boxon Jumbotainer GmbH
Bahnhofstr. 315
D 47447 Moers
Private limited
company
17.07.2013 - 11.10.2013 Boxon Jumbotainer GmbH
Gießerallee 33
D 47877 Willich
Private limited
company
15.11.2002 - 17.07.2013 Boxon GmbH
Gießerallee 33
D 47877 Willich
Private limited company
07.12.2001 - 15.11.2002 Boxon GmbH
Wilhelm-Hörmes-Str.
52
D 47877 Willich
Private limited
company
04.10.1996 - 06.12.2001 EWP - Industrieemballagen GmbH
Wilhelm-Hörmes-Str.
52
D 47877 Willich
Private limited
company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
22.10.2013 - 24.03.2016 Manager
Jörg Wydra
Begonienstr. 55
D 28816 Stuhr
BUSINESS
ACTIVITIES
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
BRANCHES
AND FACTORIES
Branch:
Boxon GmbH
Otto-Lilienthal-Str. 18
D 28199 Bremen
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information: We have no negative information at hand.
REAL
ESTATE
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
Real Estate of: Oliver
Grüters
Type of ownership: unknown
Address Geldolfstr.
33
D 47839 Krefeld
Land register documents were not available.
BANKERS
Principal bank
SEB MERCHANT BANKING, 60283 FRANKFURT AM MAIN
Sort. code: 51220200
BIC: ESSEDEFFXXX
FINANCIAL
FIGURES
Turnover: 2017 EUR
21,000,000.00
Equipment: EUR 22,107.00
Ac/ts receivable: EUR 2,086,397.00
Liabilities: EUR 4,493,384.00
Employees: 25
BALANCE SHEETS
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 41.60
Liquidity ratio: 0.47
Return on total capital
[%]: 7.70
Balance sheet ratios 01.01.2014
- 31.12.2014
Equity ratio [%]: 43.33
Liquidity ratio: 0.36
Return on total capital
[%]: 4.62
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
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year:
01.01.2015 - 31.12.2015
ASSETS EUR 8,743,858.23
Fixed assets EUR 3,468,753.73
Intangible assets EUR 45,887.00
Concessions, licences,
rights EUR 45,887.00
Tangible assets EUR 22,107.00
Other tangible assets /
fixtures and
fittings EUR 22,107.00
Financial assets EUR 3,400,759.73
Loans to participations
/
subsidiaries and the
like EUR 3,400,759.73
Loans to related
companies EUR 3,400,759.73
Current assets EUR 5,251,854.50
Stocks EUR 3,133,330.08
Finished goods / work in
progress EUR 3,133,330.08
Accounts receivable EUR
2,086,397.08
Trade debtors EUR 1,731,646.26
Amounts due from related
companies EUR 318,065.19
Other debtors and
assets EUR 36,685.63
Liquid means EUR 32,127.34
Remaining other
assets EUR 23,250.00
Accruals (assets) EUR 23,250.00
LIABILITIES EUR 8,743,858.23
Shareholders' equity EUR 3,637,502.94
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 1,965,273.98
Balance sheet profit /
loss EUR 1,965,273.98
Provisions EUR 612,971.20
Provisions for taxes EUR 103,938.00
Other / unspecified
provisions EUR 509,033.20
Liabilities EUR 4,493,384.09
Financial debts EUR 2,390,469.65
Liabilities due to
banks EUR 2,390,469.65
Other liabilities EUR 2,102,914.44
Trade creditors (for IAS
incl. bills
of exchange) EUR 1,710,350.05
Liabililties due to
related companiesEUR
78,862.35
Unspecified other
liabilities EUR 313,702.04
thereof liabilities
from tax /
financial
authorities EUR 216,748.98
thereof liabilities
from social
security EUR 9,490.55
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Sales EUR 20,951,957.57
Other operating
income EUR 341,714.57
Cost of materials EUR 16,526,724.35
Raw materials and
supplies, purchased
goods EUR 16,526,724.35
Gross result (+/-) EUR 4,766,947.79
Staff expenses EUR 2,088,566.47
Wages and salaries EUR 1,782,576.13
Social security
contributions and
expenses for pension
plans and
benefits EUR 305,990.34
Total depreciation EUR 38,818.64
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 38,818.64
Other operating
expenses EUR 1,877,391.90
Operating result from
continuing
operations EUR 762,170.78
Interest result (+/-) EUR 86,508.65
Interest and similar
income EUR 116,897.24
thereof from related
companies EUR 115,967.18
Interest and similar
expenses EUR 30,388.59
thereof paid to related
companies EUR 1,444.82
Financial result
(+/-) EUR 86,508.65
Result from ordinary
operations (+/-) EUR 848,679.43
Extraordinary
expenses EUR 136,400.00
Extraordinary result
(+/-) EUR -136,400.00
Income tax / refund of
income tax (+/-)EUR -172,430.16
Other taxes / refund of
taxes EUR -2,843.48
Tax (+/-) EUR -175,273.64
Annual surplus / annual
deficit EUR 537,005.79
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 9,464,071.29
Fixed assets EUR 3,824,344.31
Intangible assets EUR 34,338.00
Concessions, licences,
rights EUR 34,338.00
Tangible assets EUR 19,642.00
Other tangible assets /
fixtures and
fittings EUR 19,642.00
Financial assets EUR 3,770,364.31
Loans to participations
/
subsidiaries and the
like EUR 3,770,364.31
Loans to related
companies EUR 3,770,364.31
Current assets EUR 5,617,676.98
Stocks EUR 3,890,817.59
Finished goods / work in
progress EUR 3,890,817.59
Accounts receivable EUR 1,700,379.46
Trade debtors EUR 1,575,001.65
Other debtors and
assets EUR 125,377.81
Liquid means EUR 26,479.93
Remaining other
assets EUR 22,050.00
Accruals (assets) EUR 22,050.00
LIABILITIES EUR 9,464,071.29
Shareholders' equity EUR 4,100,497.15
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 2,428,268.19
Balance sheet profit /
loss EUR 2,428,268.19
Provisions EUR 595,825.90
Provisions for taxes EUR 293,003.82
Other / unspecified
provisions EUR 302,822.08
Liabilities EUR 4,767,748.24
Financial debts EUR 2,380,871.78
Liabilities due to
banks EUR 2,380,871.78
Other liabilities EUR 2,386,876.46
Trade creditors (for IAS
incl. bills
of exchange) EUR 2,148,965.22
Liabililties due to
related companiesEUR
116,089.33
Unspecified other
liabilities EUR 121,821.91
thereof liabilities
from tax /
financial
authorities EUR 28,230.35
thereof liabilities
from social
security EUR 9,367.36
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Sales EUR
20,403,480.89
Other operating
income EUR 228,956.37
Cost of materials EUR 16,304,940.65
Raw materials and
supplies, purchased
goods EUR 16,304,940.65
Gross result (+/-) EUR 4,327,496.61
Staff expenses EUR 1,961,037.95
Wages and salaries EUR 1,674,365.85
Social security
contributions and
expenses for pension plans and
benefits EUR 286,672.10
Total depreciation EUR 32,313.05
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 32,313.05
Other operating
expenses EUR 1,773,157.98
Operating result from
continuing
operations EUR 560,987.63
Interest result (+/-) EUR 68,521.96
Interest and similar
income EUR 87,907.50
thereof from related
companies EUR 87,651.37
Interest and similar
expenses EUR 19,385.54
Financial result
(+/-) EUR 68,521.96
Result from ordinary
operations (+/-) EUR 629,509.59
Income tax / refund of
income tax (+/-)EUR -190,845.98
Other taxes / refund of
taxes EUR -1,855.10
Tax (+/-) EUR -192,701.08
Annual surplus / annual
deficit EUR 436,808.51
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.91 |
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|
1 |
INR 90.31 |
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Euro |
1 |
INR 80.17 |
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Euro |
1 |
INR 79.85 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIS |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on secured
terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.