MIRA INFORM
REPORT
|
Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
HUMBOLDT WEDAG GMBH |
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Registered Office : |
Colonia-Allee 3,
D 51067 Köln |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
05.10.2007 |
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Com. Reg. No.: |
HRB 61524 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of other general-purpose
machinery |
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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Maximum Credit Limit : |
250,000 EUR |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Germany |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Bottom of Form
company name & address
Humboldt Wedag GmbH
Main address:
Colonia-Allee 3
D 51067 Köln
Telephone: 0221/65041106
Telefax: 0221/65041099
Homepage: www.humboldt-wedag.de
Synthesis
LEGAL FORM Private
limited company
Date of foundation: 19.09.2007
Shareholders'
agreement: 19.09.2007
Registered on: 05.10.2007
Commercial Register: Local court 50939 Köln
under: HRB
61524
Share capital: EUR 6,600,000.00
Shareholder
KHD Humboldt Wedag
GmbH
Colonia-Allee 3
D 51067 Köln
Legal form:
Private limited company
Share
capital: EUR 15,339,300.00
Share: EUR 6,600,000.00
Registered on:
25.04.2005
Reg. data: 50939
Köln, HRB 55172
Manager
Hans-Rudolf
Lenhartz
D 51427 Bergisch
Gladbach
born: 02.05.1958
Manager:
Ralph Quellmalz
D 51067 Köln
born: 21.09.1969
Manager:
Ralf Slomski
D 51427 Bergisch
Gladbach
born: 09.11.1966
Proxy
Manfred Weinandy
D 40822 Mettmann
authorized to
jointly represent the company
born: 21.08.1955
Profession:
Businessman
Proxy:
Bernd Steinhilper
D 51105 Köln
authorized to
jointly represent the company
born: 05.01.1958
Profession:
Businessman
Marital status:
unknown
Proxy:
Günther Talmon
D 51491 Overath
authorized to
jointly represent the company
born: 23.03.1951
Proxy:
Manfred Lorenz
D 53842 Troisdorf
authorized to jointly
represent the company
born: 25.04.1955
Proxy:
Ekkart Matthies
D 52134
Herzogenrath
authorized to
jointly represent the company
born: 06.02.1968
Proxy:
George John
Harrison
D 51067 Köln
authorized to
jointly represent the company
born: 04.07.1963
Further functions/participations
of Hans-Rudolf Lenhartz
(Manager)
Manager:
PaperSpace GmbH
Colonia-Allee 3
D 51067 Köln
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 22.12.2008
Reg. data: 50939 Köln, HRB 64678
Manager:
KHD Humboldt Wedag
GmbH
Colonia-Allee 3
D 51067 Köln
Legal form:
Private limited company
Share
capital: EUR 15,339,300.00
Registered
on: 25.04.2005
Reg. data: 50939 Köln, HRB 55172
Member of the
Board of Directors:
KHD Humboldt Wedag
Industrial Services AG
Colonia-Allee 3
D 51067 Köln
Legal form: Public
limited company
Share
capital: EUR 3,600,000.00
Registered
on: 21.01.2009
Reg. data: 50939 Köln, HRB 64938
Proxy:
KHD Humboldt Wedag
International AG
Colonia-Allee 3
D 51067 Köln
Legal form: Public
limited company
Share
capital: EUR 49,703,573.00
Registered
on: 12.12.2001
Reg. data: 50939 Köln, HRB 36688
Further functions/participations of Ralph Quellmalz (Manager)
Member of the
Board of Directors:
KHD Humboldt Wedag
Industrial Services AG
Colonia-Allee 3
D 51067 Köln
Legal form: Public
limited company
Share
capital: EUR 3,600,000.00
Registered
on: 21.01.2009
Reg. data: 50939 Köln, HRB 64938
Proxy:
KHD Humboldt Wedag
International AG
Colonia-Allee 3
D 51067 Köln
Legal form: Public
limited company
Share
capital: EUR 49,703,573.00
Registered
on: 12.12.2001
Reg. data: 50939 Köln, HRB 36688
Proxy:
PaperSpace GmbH
Colonia-Allee 3
D 51067 Köln
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 22.12.2008
Reg. data: 50939 Köln, HRB 64678
COMPANY HISTORY
26.01.1993 - 08.09.1994 AIG Altmark-Industrie GmbH
Niedergörner Damm
D 39596 Arneburg
Private limited
company
18.05.2004 - 24.05.2005 AIG Altmark-Industrie AG, Stendal
Niedergörner Damm 1
D 39596 Arneburg
Public limited company
24.05.2005 - 05.10.2007 Altmark Industriepark AG
Niedergörner Damm 1
D 39596 Arneburg
Public limited company
05.10.2007 - 20.11.2008 Humboldt Wedag GmbH
Colonia-Allee 3
D 51067 Köln
Private limited
company
BUSINESS ACTIVITIES
Secondary industrial sector
2829
Manufacture of other general-purpose machinery n.e.c.
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
71121
Engineering activities in the field of technical overall planning
96090
Other service activities n. e. c.
PARTICIPATIONS
Limited partner:
Lantau GmbH &
Co. KG
Niedergörner Damm
1
D 39596 Arneburg
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Company Status:
dissolved since: 08.04.2011
by official decree
Total cap. EUR
10,000.00
contribution:
Share: EUR 1,950.00
Reg. data: 05.10.2005
Local court 39576
Stendal
HRA 1092
Shareholder:
SAB
Stendal-Arneburger Baugesellschaft mbH
Akazienweg 25b
D 39576 Stendal
Post Box:
184
Legal form: Private
limited company
Company Status:
insolvent since: 03.08.1999
Share
capital: EUR 306,775.13
Share: EUR 150,319.81
Reg. data: 07.08.1995
Local court 39576
Stendal
HRB 2055
Shareholder:
CUIABA
Grundstücksverwaltungsgesellschaft
mbH
Niedergörner Damm
1
D 39596 Arneburg
Legal form:
Private limited company
Company Status:
in since: 28.03.2006
liquidation
Share
capital: EUR 25,000.00
Share: EUR 4,900.00
Reg. data: 11.02.2003
Local court 39576
Stendal
HRB 3999
Shareholder:
ALEGRE
Grundstücksverwaltungsgesellschaft
mbH
Niedergörner Damm
1
D 39596 Arneburg
Legal form:
Private limited company
Company Status:
dissolved since: 30.05.2011
by official decree
Share capital: EUR 25,000.00
Share: EUR 4,900.00
Reg. data: 28.01.2003
Local court 39576
Stendal
HRB 3984
Shareholder:
BAHIA
Grundstücksverwaltungsgesellschaft mbH
Niedergörner Damm
1
D 39596 Arneburg
Legal form:
Private limited company
Company Status:
in since: 03.04.2006
liquidation
Share
capital: EUR 25,000.00
Share: EUR 4,900.00
Reg. data: 28.01.2003
Local court 39576
Stendal
HRB 3983
Shareholder:
KHD Humboldt Wedag
Industrial Services AG
Colonia-Allee 3
D 51067 Köln
Legal form: Public
limited company
Company Status:
active
Share
capital: EUR 3,600,000.00
Share: 13.000 %
Reg. data: 21.01.2009
Local court 50939
Köln
HRB 64938
FINANCIAL INFORMATION
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Maximum credit: 250,000
EUR
Balance sheet year: 2010
REAL ESTATE
Type of ownership: Tenant
Address Colonia-Allee
3
D 51067 Köln
Land register documents were not available.
BANKERS
DEUTSCHE BANK, KÖLN
Sort. code: 37070060, BIC: DEUTDEDKXXX
FINANCIAL FIGURES
Turnover:
2009 EUR 258,422,000.00
2010 EUR 158,105,000.00
Profit:
2009 EUR 30,152,000.00
2010 EUR 17,974,000.00
further business figures:
Employees:
263
BALANCE SHEETS
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 24.36
Liquidity ratio: 10.00
Return on total capital [%]: 8.57
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]:
22.32
Liquidity ratio: 10.00
Return on total capital [%]: 15.44
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 20.12
Liquidity ratio: 10.00
Return on total capital [%]: 4.61
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 27.51
Liquidity ratio: 10.00
Return on total capital [%]: 11.32
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:
01.01.2010 - 31.12.2010
ASSETS EUR 189,061,000.00
Fixed assets EUR 20,182,000.00
Intangible
assets EUR 907,000.00
Concessions, licences, rights
EUR 907,000.00
Tangible
assets EUR 1,804,000.00
Land /
similar rights EUR 99,000.00
Plant /
machinery EUR 109,000.00
Other
tangible assets / fixtures and
fittings
EUR 1,067,000.00
Advance
payments made / construction
in
progress
EUR 529,000.00
Financial
assets EUR 17,471,000.00
Shares in
participations /
subsidiaries and the like
EUR 4,956,000.00
Shares in
related companies EUR 4,956,000.00
Loans to
participations /
subsidiaries and the like
EUR 12,515,000.00
Loans to
related companies EUR 12,515,000.00
Current
assets EUR
167,891,000.00
Stocks EUR 4,673,000.00
Raw
materials, consumables and
supplies
EUR 4,673,000.00
Finished
goods / work in progress EUR 129,121,000.00
Advance
payments made EUR 12,101,000.00
Minus
received advance payments for
orders /
installments for stocks EUR -141,222,000.00
Accounts
receivable EUR 25,895,000.00
Trade debtors EUR 13,801,000.00
Amounts due
from related companies EUR 10,547,000.00
Other
debtors and assets EUR 1,547,000.00
Investments
in current assets EUR 755,000.00
Other investments EUR 755,000.00
Liquid
means EUR 136,568,000.00
Remaining
other assets EUR 988,000.00
Accruals
(assets) EUR 988,000.00
LIABILITIES EUR 189,061,000.00
Shareholders'
equity EUR 55,871,000.00
Capital EUR 7,000,000.00
Subscribed
capital (share capital) EUR 7,000,000.00
Reserves
EUR 675,000.00
Retained
earnings / revenue reserves EUR
675,000.00
Balance
sheet profit/loss (+/-) EUR 48,196,000.00
Profit /
loss brought forward EUR 30,222,000.00
Annual
surplus / annual deficit EUR 17,974,000.00
Provisions EUR 77,216,000.00
Pension
provisions and comparable
provisions
EUR 21,322,000.00
Provisions
for taxes EUR 13,875,000.00
Other /
unspecified provisions EUR 42,019,000.00
Liabilities EUR 55,974,000.00
thereof
total due to shareholders EUR 0.00
Other
liabilities EUR 55,974,000.00
Trade
creditors (for IAS incl. bills
of
exchange)
EUR 14,095,000.00
Liabilities
from received advance
payments EUR
37,523,000.00
Liabililties due to related companiesEUR 3,661,000.00
Unspecified
other liabilities EUR 695,000.00
thereof
liabilities from social
security
EUR 3,000.00
Profit and loss account (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 158,105,000.00
Inventory
change + own costs (+/-) EUR 19,508,000.00
Inventory
change (+/-) EUR 19,455,000.00
Capitalised
own costs EUR 53,000.00
Other
operating income EUR 6,980,000.00
Cost of
materials EUR 106,494,000.00
Raw
materials and supplies, purchased
goods EUR 83,728,000.00
Purchased
services EUR 22,766,000.00
Gross result
(+/-) EUR 78,099,000.00
Staff
expenses EUR 23,839,000.00
Wages and
salaries EUR 20,614,000.00
Social
security contributions and
expenses for
pension plans and
benefits
EUR 3,225,000.00
Total
depreciation EUR
783,000.00
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 783,000.00
Other
operating expenses EUR 27,386,000.00
Operating result
from continuing
operations EUR 26,091,000.00
Interest
result (+/-) EUR -2,632,000.00
Interest and
similar income EUR 643,000.00
Interest and
similar expenses EUR 3,275,000.00
Other
financial result EUR 140,000.00
Income from
securities and loans from
financial
assets EUR 140,000.00
thereof
related companies EUR 137,000.00
Financial
result (+/-) EUR -2,492,000.00
Result from
ordinary operations (+/-) EUR 23,599,000.00
Extraordinary
income EUR 2,881,000.00
Extraordinary
result (+/-) EUR 2,881,000.00
Income tax /
refund of income tax (+/-)EUR
-8,446,000.00
Other taxes /
refund of taxes EUR -60,000.00
Tax
(+/-)
EUR -8,506,000.00
Annual
surplus / annual deficit EUR
17,974,000.00
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2009 - 31.12.2009
ASSETS EUR 169,427,000.00
Fixed
assets EUR 40,085,000.00
Intangible
assets EUR 307,000.00
Concessions, licences, rights
EUR 307,000.00
Tangible
assets EUR 1,392,000.00
Land /
similar rights EUR 32,000.00
Plant /
machinery EUR 122,000.00
Other
tangible assets / fixtures and
fittings
EUR 1,238,000.00
Financial
assets EUR 38,386,000.00
Shares in
participations /
subsidiaries and the like
EUR 4,921,000.00
Shares in
related companies EUR 4,921,000.00
Loans to
participations /
subsidiaries and the like
EUR 33,306,000.00
Loans to
related companies EUR 33,306,000.00
Other
loans EUR 159,000.00
Current
assets EUR 128,791,000.00
Stocks EUR 14,037,000.00
Raw
materials, consumables and
supplies
EUR 10,054,000.00
Finished
goods / work in progress EUR 109,666,000.00
Advance
payments made EUR 28,362,000.00
Minus received
advance payments for
orders /
installments for stocks EUR -134,045,000.00
Accounts
receivable EUR 28,260,000.00
Trade
debtors EUR 17,598,000.00
Amounts due
from related companies EUR 9,135,000.00
Other
debtors and assets EUR 1,527,000.00
Investments
in current assets EUR 731,000.00
Other
investments EUR 731,000.00
Liquid
means EUR 85,763,000.00
Remaining
other assets EUR 551,000.00
Accruals
(assets) EUR 551,000.00
LIABILITIES EUR 169,427,000.00
Shareholders'
equity EUR 37,897,000.00
Capital EUR 7,000,000.00
Subscribed
capital (share capital) EUR 7,000,000.00
Reserves
EUR 675,000.00
Retained
earnings / revenue reserves EUR
675,000.00
Balance
sheet profit/loss (+/-) EUR 30,222,000.00
Balance
sheet profit / loss EUR 30,222,000.00
Provisions EUR 76,143,000.00
Pension
provisions and comparable
provisions
EUR 22,539,000.00
Provisions
for taxes EUR 6,096,000.00
Other /
unspecified provisions EUR 47,508,000.00
Liabilities EUR 55,387,000.00
thereof
total due to shareholders EUR 46,000.00
Financial
debts EUR 152,000.00
Liabilities
due to banks EUR 152,000.00
Other liabilities EUR 55,235,000.00
Trade
creditors (for IAS incl. bills
of
exchange)
EUR 44,690,000.00
Liabililties due to related companiesEUR 10,121,000.00
Unspecified
other liabilities EUR 424,000.00
thereof
liabilities from social
security
EUR 3,000.00
Profit and loss account (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 258,422,000.00
Inventory
change + own costs (+/-) EUR 29,953,000.00
Inventory
change (+/-) EUR 29,953,000.00
Other
operating income EUR 11,746,000.00
Cost of
materials EUR
191,402,000.00
Raw
materials and supplies, purchased
goods EUR 148,308,000.00
Purchased
services EUR 43,094,000.00
Gross result
(+/-) EUR 108,719,000.00
Staff
expenses EUR 36,072,000.00
Wages and
salaries EUR 27,136,000.00
Social
security contributions and
expenses for
pension plans and
benefits
EUR 8,936,000.00
Total
depreciation EUR 9,181,000.00
Other
operating expenses EUR 29,969,000.00
Operating
result from continuing
operations EUR 33,497,000.00
Interest
result (+/-) EUR -1,596,000.00
Interest and
similar income EUR 1,316,000.00
thereof
from related companies EUR 0.00
Interest and
similar expenses EUR 2,912,000.00
thereof
paid to related companies EUR 0.00
Other
financial result EUR 483,000.00
Income from
securities and loans from
financial
assets EUR 483,000.00
thereof
related companies EUR 466,000.00
Financial
result (+/-) EUR -1,113,000.00
Result from
ordinary operations (+/-) EUR 32,384,000.00
Extraordinary
income EUR 4,013,000.00
Extraordinary
result (+/-) EUR 4,013,000.00
Income tax /
refund of income tax (+/-)EUR
-6,221,000.00
Other taxes /
refund of taxes EUR -24,000.00
Tax
(+/-)
EUR -6,245,000.00
Annual surplus / annual deficit EUR 30,152,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
|
UK Pound |
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.64.60 |
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.