MIRA INFORM
REPORT
|
Report Date : |
25.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
MHT MOLD & HOTRUNNER TECHNOLOGY AG |
|
|
|
|
Registered Office : |
Dr.-Ruben-Rausing-Str.
7, D 65239 Hochheim |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
10.12.2001 |
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|
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Com. Reg. No.: |
HRB 18467 |
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|
|
Legal Form : |
Public Limited Company |
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|
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Line of Business : |
Forging,
pressing, stamping and roll-forming of metal; powder metallurgy |
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 |
|
Maximum Credit Limit : |
189.500 EUR |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Regular |
|
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, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Germany |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
MHT Mold & Hotrunner Technology AG
Main address:
Dr.-Ruben-Rausing-Str.
7
D 65239 Hochheim
Telephone: 06146/9060
Telefax: 06146/906399
Homepage: www.mht-ag.de
E-mail: info@mht-ag.de
VAT no.
DE812153800
Synthesis
LEGAL FORM Public
limited company
Date of foundation: 1996
Registered on: 10.12.2001
Commercial Register: Local court 65185 Wiesbaden
under:
HRB 18467
Share capital: EUR 2.452.800,00
Member of the Board of Directors
Werner Plass
Unterortstr. 58
D 65760 Eschborn
having sole power
of representation
born: 06.08.1950
Profession:
Businessman
Marital status: married
Member of the
Board of Directors:
Christoph Kückels
König-Konrad-Str.
28
D 55127 Mainz
having sole power
of representation
born: 11.12.1957
Profession: Fully
qualified merchant
Marital status:
married
President of the Supervisory Board
Ludwig K. Krause
Troyesstr. 3
D 64297 Darmstadt
born: 05.07.1929
Profession:
graduate engineer
Vice-president of the Supervisory Board
Manfred Wolf
Am Vogelgesang 38
D 65817 Eppstein
born: 19.08.1951
Profession:
graduate engineer
Member of the Supervisory Board
Dr. Christoph Rank
D 70565 Stuttgart
born: 04.03.1964
Profession: patent
agent
Further functions/participations of Werner Plass (Member of the
Board of Directors)
Manager:
MHT Hotrunner GmbH
Dr.-Ruben-Rausing-Str.
7
D 65239 Hochheim
Legal form:
Private limited company
Share
capital: EUR 25.000,00
Registered
on: 29.04.2010
Reg. data: 65185 Wiesbaden, HRB 24849
President of the
Board of Directors:
MHT Holding AG
Dr.-Ruben-Rausing-Str.
7
D 65239 Hochheim
Legal form: Public
limited company
Share
capital: EUR 68.559,00
Registered
on: 18.12.2007
Reg. data: 65185 Wiesbaden, HRB 23319
Further functions/participations of Christoph Kückels (Member of the
Board of Directors)
Manager:
MHT Hotrunner GmbH
Dr.-Ruben-Rausing-Str.
7
D 65239 Hochheim
Legal form:
Private limited company
Share
capital: EUR 25.000,00
Registered
on: 29.04.2010
Reg. data: 65185 Wiesbaden, HRB 24849
Member of the
Board of Directors:
MHT Holding AG
Dr.-Ruben-Rausing-Str.
7
D 65239 Hochheim
Legal form: Public
limited company
Share
capital: EUR 68.559,00
Registered
on: 18.12.2007
Reg. data: 65185 Wiesbaden, HRB 23319
COMPANY HISTORY
12.10.2000 -
31.12.2000 MHT Mold & Hotbrunner
Technology GmbH
Am Flurgraben 29-31
D 65462
Ginsheim-Gustavsburg
Private limited
company
01.01.2001 -
18.01.2002 MHT Mold & Hotrunner
Technology AG
Am Flurgraben 29-31
D 65462
Ginsheim-Gustavsburg
Public limited company
18.09.2002 -
30.08.2005 MHT Mold & Hotrunner
Technology AG
Dr.-Ruben-Rausing-Str.
7
D 65239 Hochheim
Public limited company
BUSINESS ACTIVITIES
Sectors
2550 Forging, pressing, stamping and roll-forming
of metal; powder metallurgy
46901 Non-specialized wholesale of raw materials
and half-finished and finished goods
FINANCIAL INFORMATION
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Maximum credit: 189.500 EUR
Balance sheet year: 2009
REAL ESTATE
Type of
ownership: proprietor
Share: 100,00 %
Address Dr.-Ruben-Rausing-Str. 7
D 65239 Hochheim
Land register
documents were not available.
BANKERS
DEUTSCHE BANK,
WIESBADEN
Sort. code:
51070021, Account no.: 325704000, BIC: DEUTDEFF510
COMMERZBANK,
WIESBADEN
Sort. code:
51040038, Account no.: 510977200, BIC: COBADEFF510
NASSAUISCHE
SPARKASSE, WIESBADEN
Sort. code:
51050015, Account no.: 227085304, BIC: NASSDE55XXX
FINANCIAL FIGURES
Turnover: 2009 EUR 12.646.109,00
Profit: 2009 EUR 757.149,00
Employees:
90
- thereof permanent
staff:
90
BALANCE SHEETS
Balance sheet ratios
2009
Equity ratio
[%]: 15,89
Liquidity
ratio: 0,41
Return on total
capital [%]: 5,26
Balance sheet
ratios 2008
Equity ratio
[%]: 10,56
Liquidity
ratio: 0,35
Return on total capital
[%]: -9,86
Balance sheet
ratios 2007
Equity ratio
[%]: 40,23
Liquidity
ratio: 0,51
Return on total
capital [%]: 8,03
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: 01.01.2009 - 31.12.2009
ASSETS EUR 14.406.891,51
Fixed assets EUR 8.356.194,39
Intangible assets EUR 13.464,00
Other / unspecified intangible
assetsEUR 13.464,00
Tangible assets EUR 6.874.662,09
Land / similar rights EUR 5.883.593,09
Plant / machinery EUR 794.310,50
Other tangible assets / fixtures and
fittings EUR 196.758,50
Financial assets EUR 1.468.068,30
Shares in participations /
subsidiaries and the like EUR 372.267,95
Shares in related companies EUR 372.267,95
Other / unspecified financial assets
EUR 1.095.800,35
Current assets EUR 5.988.259,63
Stocks EUR 1.504.374,89
Accounts receivable EUR 4.295.500,40
Trade debtors EUR 1.944.006,04
Amounts due from related companies EUR
2.185.736,90
Other debtors and assets EUR 165.757,46
Liquid means EUR 188.384,34
Remaining other assets EUR 62.437,49
Accruals (assets) EUR 62.437,49
LIABILITIES EUR 14.406.891,51
Shareholders' equity EUR 2.295.067,30
Capital EUR 2.452.800,00
Subscribed capital (share capital) EUR
2.452.800,00
Reserves EUR 838.253,92
Capital reserves EUR 423.300,00
Retained earnings / revenue reserves
EUR 414.953,92
Balance sheet profit/loss (+/-) EUR -995.986,62
Balance sheet profit / loss EUR -995.986,62
Provisions EUR 1.483.869,00
Pension provisions and comparable
provisions EUR 145.631,00
Other / unspecified provisions EUR 1.338.238,00
Liabilities EUR 10.627.955,21
Financial debts EUR 6.933.074,37
Liabilities due to banks EUR 3.933.074,37
Loans / obligations / debentures EUR 3.000.000,00
Other liabilities EUR 3.694.880,84
Trade creditors (for IAS incl. bills
of exchange) EUR 2.833.151,70
Liabililties due to related
companiesEUR 506.638,70
Unspecified other liabilities EUR 355.090,44
Profit and loss
account (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 12.646.109,40
Staff expenses EUR 5.068.855,15
Wages and salaries EUR 4.215.919,88
Social security contributions and
expenses for pension plans and
benefits EUR 852.935,27
Total depreciation EUR 586.586,10
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 586.586,10
Other operating expenses EUR 5.879.377,51
Operating result from continuing
operations EUR 1.111.290,64
Interest result (+/-) EUR -541.509,12
Interest and similar income EUR 168.594,59
Interest and similar expenses EUR 710.103,71
Other financial result EUR 197.919,51
Income from securities and loans from
financial assets EUR 197.919,51
Financial result (+/-) EUR -343.589,61
Result from ordinary operations (+/-) EUR
767.701,03
Income tax / refund of income tax
(+/-)EUR 48,42
Other taxes / refund of taxes EUR -10.599,96
Tax (+/-) EUR -10.551,54
Annual surplus / annual deficit EUR 757.149,49
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2008 - 31.12.2008
ASSETS EUR 14.425.948,98
Fixed assets EUR 8.617.825,41
Intangible assets EUR 32.545,50
Other / unspecified intangible
assetsEUR 32.545,50
Tangible assets EUR 7.315.144,09
Land / similar rights EUR 6.100.074,09
Plant / machinery EUR 984.015,00
Other tangible assets / fixtures and
fittings EUR 227.515,00
Advance payments made / construction
in progress EUR 3.540,00
Financial assets EUR 1.270.135,82
Shares in participations /
subsidiaries and the like EUR 372.254,98
Shares in related companies EUR 372.254,98
Other / unspecified financial assets
EUR 897.880,84
Current assets EUR 5.712.164,10
Stocks EUR 1.420.650,90
Raw materials, consumables and
supplies EUR 1.377.396,03
Finished goods / work in progress EUR
1.006.667,66
Advance payments made EUR 10.080,00
Minus received advance payments for
orders / installments for stocks EUR -973.492,79
Accounts receivable EUR 3.994.685,67
Trade debtors EUR 2.149.782,08
Amounts due from related companies EUR
1.623.237,34
Other debtors and assets EUR 221.666,25
Investments in current assets EUR 287.229,00
Own shares EUR 287.229,00
Liquid means EUR 9.598,53
Remaining other assets EUR 95.959,47
Accruals (assets) EUR 95.959,47
LIABILITIES EUR 14.425.948,98
Shareholders' equity EUR 1.537.917,81
Capital EUR 2.452.800,00
Subscribed capital (share capital) EUR
2.452.800,00
Reserves EUR 838.253,92
Capital reserves EUR 423.300,00
Retained earnings / revenue reserves
EUR 414.953,92
Balance sheet profit/loss (+/-) EUR -1.753.136,11
Balance sheet profit / loss EUR -1.753.136,11
Provisions EUR 1.356.496,00
Pension provisions and comparable
provisions EUR 133.546,00
Provisions for taxes EUR 31.879,00
Other / unspecified provisions EUR 1.191.071,00
Liabilities EUR 11.531.535,17
Financial debts EUR 8.181.335,50
Liabilities due to banks EUR 5.181.335,50
Loans / obligations / debentures EUR 3.000.000,00
Other liabilities EUR 3.350.199,67
Trade creditors (for IAS incl. bills
of exchange) EUR 2.803.714,56
Liabililties due to related
companiesEUR 244.472,33
Unspecified other liabilities EUR 302.012,78
Profit and loss
account (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 11.331.523,79
Staff expenses EUR 6.252.485,32
Wages and salaries EUR 5.212.043,51
Social security contributions and
expenses for pension plans and
benefits EUR 1.040.441,81
Total depreciation EUR 723.206,88
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 723.206,88
Other operating expenses EUR 5.507.680,81
Operating result from continuing
operations
EUR -1.151.849,22
Interest result (+/-) EUR -455.728,57
Interest and similar income EUR 4.742,08
Interest and similar expenses EUR 460.470,65
Other financial result EUR 188.196,76
Income from securities and loans from
financial assets EUR 188.196,76
Financial result (+/-) EUR -267.531,81
Result from ordinary operations (+/-) EUR
-1.419.381,03
Income tax / refund of income tax
(+/-)EUR 10.860,17
Other taxes / refund of taxes EUR -12.608,24
Tax (+/-) EUR -1.748,07
Annual surplus / annual deficit EUR -1.421.129,10
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.30 |
|
|
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.69 |
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 |
|
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.