MIRA
INFORM REPORT
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Report Date : |
27.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
HORN GLASS INDUSTRIES AG |
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Registered Office : |
Bergstr. 2 95703 Plobberg |
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Country : |
Germany |
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Date of Incorporation : |
1999 |
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Com. Reg. No.: |
HRB 2146C |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacture of Flat Glass |
RATING &
COMMENTS
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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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Maximum Credit Limit : |
EUR
100.000,00. |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
Horn Glass Industries AG
Bergstr. 2
95703 Plobberg
Telephone: 09636/9204-0
Telefax: 09636/9204-10
Homepage: www.hornglas.de
E-Mail: info@hornglas.de
VAT no.
DE812836914
SOLVENCY RATING
1,6
CONCLUSION
The maximum credit is EUR 100.000,00.
Business relations are permissible.
LEGAL FORM
Public limited company
Date of foundation
1999
Registered on
07.12.1999
Commercial Register
Local court 92637 WEIDEN
under: HRB
2146
Share capital
EUR 2.500.000,00
Shareholder
Modos Vermögensverwaltungs- gesellschaft
mbH
Bergstr. 2
95703 Plößberg
Legal form: Private limited company
Share capital: EUR 25.000,00
Share: 100,00 %
Reg. Data: 06.03.2003
HRB 2613
92637 WEIDEN
President of the Board of
Directors
Maximilian Sollfrank
Sandäcker 4
95703 Plößberg
born 22.02.1952
Member of the Board of Directors
Julius Müller
95703 Plößberg
born 12.03.1946
Member of the
Board of Directors:
Stephan Meindl
95703 Plößberg
born 07.06.1966
Member of the
Board of Directors:
Christoph Jatzwauk
95703 Plößberg
born 29.10.1966
Marital status: married
President of the Supervisory Board
Dr. Hans Wehrmann
Hauschildstr. 2a
81477 München
born 09.05.1962
Occupation: Business consultant
BUSINESS HISTORY
BUSINESS ACTIVITIES
26110
MANUFACTURE OF FLAT GLASS
26150
MANUFACTURE AND PROCESSING
OF OTHER GLASS INCLUDING TECHNICAL
GLASSWARE
28111
MANUFACTURE OF METAL
STRUCTURES AND PARTS OF STRUCTURES, EXCEPT
FOR UNDERGROUND OPERATIONS
33202
MANUFACTURE OF PRECISION
MECHANICAL OPTICAL MEASURING, CONTROL,
NAVIGATION ETC. INSTRUMENTS
AND EQUIPMENT
PARTICIPATION
Shareholder:
Horn Bau & Service GmbH
Bergstr. 2
95703 Plößberg
Legal form: Private limited company
Share capital: EUR 25.000,00
Share: EUR 25.000,00
Reg. Data: 24.07.1997
HRB 1818
92637 WEIDEN
Employees: 18
FINANCIAL INFORMATION
Solvency rating: 1,6
Payment experience: within
agreed terms
Trend of business: constant
Order position: good
REAL ESTATE
Type of ownership: proprietor
Share: 100,00 %
Address Bergstr. 2
95703 Plößberg
Land register documents
were not available.
BANKERS
BAYER HYPO- UND
VEREINSBANK, WEIDEN I.D.OPF.
Sort. code: 75320075
DEUTSCHE BANK, BAYREUTH
Sort. code: 76070012
DRESDNER BANK, BAYREUTH
Sort. code: 76080040
DZ BANK, NÜRNBERG,
MITTELFR
Sort. code: 76060000
RAIFFEISENBANK IM
STIFTLAND HGS TIRSCHENREUTH, TIRSCHENREUTH
Sort. code: 78161575
FIGURES
Financial year: 01.01. - 31.12.
Turnover: 2006 EUR 62.000.000,00
2007 EUR 35.000.000,00
Share capital: EUR 2.500.000,00
Value of stocks: EUR 700.000,00
Equipment: EUR 387.000,00
Ac/ts receivable: EUR
1.471.000,00
Liabilities: EUR 4.604.000,00
- shortterm: EUR 4.604.000,00
Real estate of the
firm: EUR 1.890.000,00
Employees:
115
- Salaried employees: 60
- Workers:
40
- Part-time
employees: 10
- Trainees: 5
Approximate figures are given.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)