MIRA INFORM REPORT
|
Report Date : |
28.05.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
DR. JOHANNES HEIDENHAIN GESELLSCHAFT MIT
BESCHRÄNKTER HAFTUNG |
|
|
|
|
Registered Office : |
Dr.-Joh.-Heidenhain-Str.
5, D 83301 Traunreut, Post Box1260, D 83292 Traunreut |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Date of Incorporation : |
16.01.1968 |
|
|
|
|
Com. Reg. No.: |
HRB 275 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of
instruments and appliances for measuring,
testing and navigation |
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 : |
250.000 EUR |
|
Status : |
Good |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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
Dr. Johannes Heidenhain Gesellschaft mit
beschränkter Haftung
Main address:
Dr.-Joh.-Heidenhain-Str. 5
D 83301 Traunreut
Post Box:
1260, D 83292 Traunreut
Telephone: 08669/310
Telefax: 08669/310
Homepage: www.heidenhain.de
E-mail: info@heidenhain.de
VAT no.
DE131557292
CONCLUSION
Business relations are permissible. The company is considered solvent
for credits within its scope of business.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 1889
Shareholders'
agreement: 07.12.1967
Registered on: 16.01.1968
Commercial Register: Local
court 83278 Traunstein
under: HRB 275
Share capital:
EUR 210.000.000,00
Shareholder
DR. JOHANNES HEIDENHAIN -Stiftung GmbH
Fridtjof-Nansen-Str. 17
D 83301 Traunreut
Legal form: Private limited company
Share capital: EUR 30.000,00
Share: EUR 210.000.000,00
Registered on: 13.07.1970
Reg. data: 83278 Traunstein, HRB 398
Manager
Dr. Thomas Sesselmann
D 84529 Tittmoning
having sole power of representation
born: 27.05.1960
Marital status: married
Manager:
Michael Grimm
D 63303 Dreieich
born: 03.04.1960
Manager:
Dr. Sebastian Tondorf
D 83329 Waging
born: 06.02.1962
Manager:
Dr. Matthias Fauser
D 83355 Grabenstätt
born: 09.10.1965
Marital status: unknown
President of the Supervisory Board
Rainer Burkhard
Maria-Eck-Str. 59
OT Scharam
D 83313 Siegsdorf
Marital status: married
Vice-president of the Supervisory
Board
Heinz Albrecht
D 83301 Traunreut
Member of the Supervisory Board
Hermann Steinmaßl
Winkeln 17
D 83413 Fridolfing
born: 15.05.1948
Profession: graduate engineer
Marital status: married
Member of the
Supervisory Board:
Karl Ittameier
Werner-von-Siemens-Str. 40
D 83301 Traunreut
Profession: dean
Member of the
Supervisory Board:
Stefan Rauscher
Turnerweg 16
D 83026 Rosenheim
Member of the
Supervisory Board:
Marina Würnstl
Ulmenstr. 13
D 83308 Trostberg
Member of the
Supervisory Board:
Lotte Januszweski
D 83301 Traunreut
Member of the
Supervisory Board:
Jochen Hafner
D 83301 Traunreut
Member of the
Supervisory Board:
Marianne Hauser
D 83301 Traunreut
Member of the
Supervisory Board:
Ursula Obermaier
D 83301 Traunreut
Proxy
Dr. rer. nat. Ludwig Wagatha
D 83278 Traunstein
authorized to jointly represent the company
Marital status: unknown
Proxy:
Dr. Walter Kranitzky
D 83278 Traunstein
authorized to jointly represent the company
Proxy:
Konrad Sterflinger
D 83308 Trostberg
authorized to jointly represent the company
Marital status: unknown
Proxy:
Maria Anna (gen. Marianne) Hauser
D 83416 Saaldorf-Surheim
authorized to jointly represent the company
née: Höglauer
Marital status: unknown
Proxy:
Albert Kraller
D 83349 Palling
authorized to jointly represent the company
born: 05.01.1953
Proxy:
Dr. Jan Braasch
D 83352 Altenmarkt
authorized to jointly represent the company
Proxy:
Dr. Andreas Franz
D 83308 Trostberg
authorized to jointly represent the company
Further functions/participations of
Dr. Thomas Sesselmann
(Manager)
Manager:
Hephaistos Verwaltungs-GmbH
Dr.-Joh.-Heidenhain-Str. 5
D 83301 Traunreut
Legal form: Private limited company
Share capital: EUR 25.000,00
Registered
on: 02.03.1999
Reg. data: 83278
Traunstein, HRB 11910
Manager:
ATLAS GmbH
Dr.-Joh.-Heidenhain-Str. 5
D 83301 Traunreut
Legal form: Private limited company
Share capital: EUR 25.000,00
Registered
on: 26.08.2007
Reg. data: 83278
Traunstein, HRB 17869
Manager:
HERA GmbH
Dr.-Joh.-Heidenhain-Str. 5
D 83301 Traunreut
Legal form: Private limited company
Share capital: EUR 25.000,00
Registered
on: 24.08.2007
Reg. data: 83278
Traunstein, HRB 17862
Manager:
DR. JOHANNES HEIDENHAIN GmbH
Neutraublinger Str. 4
D 84478 Waldkraiburg
Legal form: Private limited company
dissolved
Share capital: EUR 260.000,00
Registered
on: 28.11.1987
Reg. data: 83278
Traunstein, HRB 5113
Manager:
RSF Elektronik GmbH
Dr.-Joh.-Heidenhain-Str. 5
D 83301 Traunreut
Legal form: Private limited company
Share capital: EUR 150.000,00
Registered
on: 29.11.1976
Reg. data: 83278
Traunstein, HRB 1257
Manager:
Heidenhain Verwaltungs GmbH
Dr.-Joh.-Heidenhain-Str. 5
D 83301 Traunreut
Legal form: Private limited company
dissolved
Share capital: EUR 30.000,00
Registered
on: 07.11.1996
Reg. data: 83278
Traunstein, HRB 10311
BUSINESS ACTIVITIES
Sectors
26512 Manufacture of
instruments and appliances for measuring,
testing and navigation
BRANCHES AND FACTORIES
Branch:
Dr. Johannes Heidenhain Gesellschaft mit
beschränkter Haftung
Max-Müller-Str. 23
D
30179 Hannover
TEL.:
0511/6707-01
FAX.:
0511/6707-546
PARTICIPATIONS
Shareholder:
NUMERIK JENA GmbH
Ilmstr. 4
D 07743 Jena
Legal form: Private limited company
Company Status: active
Share capital: EUR 20.030.000,00
Share: EUR 20.030.000,00
Reg. data: 20.10.1998
Local court 07745 Jena
HRB 207324
Shareholder:
MD Elektronik GmbH
Neutraublinger Str. 4
D 84478 Waldkraiburg
Legal form: Private limited company
Company Status: active
Share capital: EUR 10.000.000,00
Share: EUR 10.000.000,00
Reg. data: 24.11.1977
Local court 83278 Traunstein
HRB 1514
Shareholder:
LTN Servotechnik GmbH
Georg-Hardt-Str. 4
D 83624 Otterfing
Legal form: Private limited company
Company Status: active
Share capital: EUR 7.500.000,00
Share: EUR 7.500.000,00
Reg. data: 07.07.1998
Local court 80797 München
HRB 121158
Shareholder:
DR. JOHANNES HEIDENHAIN GmbH
Neutraublinger Str. 4
D 84478 Waldkraiburg
Legal form: Private limited company
Company Status: dissolved
since: 10.12.2008
Share capital: EUR 260.000,00
Share: EUR 260.000,00
Reg. data: 28.11.1987
Local court 83278 Traunstein
HRB 5113
Shareholder:
ETEL GmbH
Schillgasse 14
D 78661 Dietingen
Legal form: Private limited company
Company Status: active
Share capital: EUR 250.000,00
Share: EUR 250.000,00
Reg. data: 03.02.2000
Local court 70190 Stuttgart
HRB 470879
Shareholder:
ACU-RITE GmbH
Fraunhoferstr. 1
D 83301 Traunreut
Legal form: Private limited company
Company Status: dissolved
since: 11.07.2009
Share capital: EUR 150.000,00
Share: EUR 150.000,00
Reg. data: 25.02.1985
Local court 83278 Traunstein
HRB 4183
Shareholder:
hmp HEIDENHAIN-MICROPRINT GmbH
Rhinstr. 134
D 12681 Berlin
Legal form: Private limited company
Company Status: active
Share capital: EUR 30.000,00
Share: EUR 30.000,00
Reg. data: 29.06.1992
Local court 14057 Berlin
HRB 43513 B
Shareholder:
Heidenhain Verwaltungs GmbH
Dr.-Joh.-Heidenhain-Str. 5
D 83301 Traunreut
Legal form: Private limited company
Company Status: dissolved
since: 22.07.2008
Share capital: EUR 30.000,00
Share: EUR 30.000,00
Reg. data: 07.11.1996
Local court 83278 Traunstein
HRB 10311
Shareholder:
ATLAS GmbH
Dr.-Joh.-Heidenhain-Str. 5
D 83301 Traunreut
Legal form: Private limited company
Company Status: active
Share capital: EUR 25.000,00
Share: EUR 25.000,00
Reg. data: 26.08.2007
Local court 83278 Traunstein
HRB 17869
Shareholder:
HERA GmbH
Dr.-Joh.-Heidenhain-Str. 5
D 83301 Traunreut
Legal form: Private limited company
Company Status: active
Share capital: EUR 25.000,00
Share: EUR 25.000,00
Reg. data: 24.08.2007
Local court 83278 Traunstein
HRB 17862
Shareholder:
Hephaistos Verwaltungs-GmbH
Dr.-Joh.-Heidenhain-Str. 5
D 83301 Traunreut
Legal form: Private limited company
Company Status: active
Share capital: EUR 25.000,00
Share: EUR 25.000,00
Reg. data: 02.03.1999
Local court 83278 Traunstein
HRB 11910
Shareholder:
MAZeT GmbH
Göschwitzer Str. 32
D 07745 Jena
Legal form: Private limited company
Company Status: active
Share capital: EUR 86.050,00
Share: EUR 19.400,00
Reg. data: 11.02.2003
Local court 07745 Jena
HRB 209557
FINANCIAL INFORMATION
Payment experience: takes
advantage of cash discount
Negative information: We
have no negative information at hand.
Maximum credit: > 250.000 EUR
Balance sheet year: 2008
REAL ESTATE
Type of ownership: proprietor
Share: 100,00 %
Address Rhinstr. 134
D
12681 Berlin
Type of ownership: proprietor
Share: 100,00 %
Address Dr.-Joh.-Heidenhain-Str. 5
D
83301 Traunreut
Size: 210.000,00sq.m
Residential floor 35.000,00sq.m
space/ Usable floor
space:
Land register documents
were not available.
BANKERS
Principal bank
UNICREDIT BANK - HYPOVEREINSBANK, TRAUNSTEIN, OBERBAY
Sort. code: 71022182, BIC: HYVEDEMM453
FINANCIAL FIGURES
Turnover: 2009 EUR 483.520.000,00
2010 EUR 483.510.000,00
further business figures:
Employees:
3.022
-
thereof permanent staff: 2.698
-
Trainees: 153
BALANCE SHEETS
Balance sheet ratios 2008
Equity ratio [%]: 62,85
Liquidity ratio: 1,21
Return on total capital [%]: 7,38
Balance sheet ratios 2007
Equity ratio [%]: 62,77
Liquidity ratio: 10,00
Return on total capital [%]: 5,09
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: 01.01.2008 - 31.12.2008
ASSETS EUR 955.182.654,18
Fixed assets
EUR 549.837.118,47
Intangible
assets EUR 5.234.329,56
Concessions, licences, rights
EUR 5.234.329,56
Tangible assets
EUR 306.899.875,70
Land / similar rights
EUR 169.724.476,83
Plant / machinery
EUR 70.555.843,00
Other tangible assets / fixtures and
fittings
EUR 31.843.296,19
Advance payments made / construction
in progress EUR 34.776.259,68
Financial assets
EUR 237.702.913,21
Shares in participations /
subsidiaries and the like
EUR 222.458.804,80
Shares in related companies
EUR 215.334.340,03
Shares in investee companies
EUR 7.124.464,77
Loans to participations /
subsidiaries and the like
EUR 14.500.000,00
Loans to related companies
EUR 14.500.000,00
Other loans
EUR 744.108,41
Current assets
EUR 401.303.127,07
Stocks
EUR 62.324.920,99
Raw materials, consumables and
supplies EUR 33.977.912,56
Finished goods / work in progress
EUR 28.347.008,43
Accounts receivable
EUR 83.785.135,71
Trade debtors
EUR 27.791.170,74
Amounts
due from related companies EUR 42.811.681,75
Amounts due from investee companies
EUR 227.645,94
Other debtors and assets
EUR 12.954.637,28
Investments in current assets
EUR 161.450.680,45
Other investments
EUR 161.450.680,45
Liquid means
EUR 93.742.389,92
Remaining other assets
EUR 4.042.408,64
Accruals (assets)
EUR 4.042.408,64
LIABILITIES EUR 955.182.654,18
Shareholders' equity
EUR 596.587.507,86
Capital
EUR 210.000.000,00
Subscribed capital (share capital)
EUR 210.000.000,00
Reserves
EUR 316.250.921,51
Capital reserves
EUR 122.700.000,00
Retained earnings / revenue reserves EUR 193.550.921,51
Balance sheet profit/loss (+/-)
EUR 70.336.586,35
Annual surplus / annual deficit
EUR 70.336.586,35
Provisions
EUR 190.965.000,00
Pension provisions and comparable
provisions
EUR 130.444.000,00
Provisions for taxes
EUR 1.464.000,00
Other / unspecified provisions
EUR 59.057.000,00
Liabilities
EUR 167.630.146,32
Financial debts EUR 111.337.502,32
Liabilities due to banks
EUR 111.337.502,32
Other liabilities
EUR 56.292.644,00
Trade creditors (for IAS incl. bills
of exchange)
EUR 9.892.897,35
Liabililties due to related companiesEUR 27.823.502,24
Liabilities due to investee companiesEUR 1.022.708,88
Unspecified other liabilities
EUR 17.553.535,53
thereof
liabilities from tax /
financial authorities
EUR 10.938.935,13
thereof liabilities from social
security
EUR 216.886,89
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 537.800.976,53
Inventory change + own costs (+/-)
EUR 1.921.841,74
Inventory change (+/-)
EUR -1.224.335,67
Capitalised own costs EUR 3.146.177,41
Other operating income
EUR 18.751.932,66
Cost of materials
EUR 177.328.125,01
Raw materials and supplies, purchased
goods
EUR 162.022.244,58
Purchased services
EUR 15.305.880,43
Gross result (+/-)
EUR 381.146.625,92
Staff expenses
EUR 177.107.997,31
Wages and salaries EUR 142.290.908,33
Social security contributions and
expenses for pension plans and
benefits
EUR 34.817.088,98
Total depreciation
EUR 43.220.692,99
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 43.220.692,99
Other operating expenses
EUR 91.786.400,28
Operating result from continuing
operations EUR 69.031.535,34
Result from participating interests
(+/-)
EUR 39.800.872,88
Expenses / income from participations EUR 47.080.694,72
Income from transfer of profits
EUR 2.332.242,32
Income from related companies
EUR 44.748.452,40
Expenses for participations
EUR 7.279.821,84
Expenses for other participations
EUR 7.279.821,84
Interest result (+/-) EUR 5.572.099,58
Interest and similar income
EUR 11.144.254,66
thereof from related companies
EUR 279.321,69
Interest and similar expenses
EUR 5.572.155,08
thereof paid to related companies
EUR 822.621,80
Other financial result
EUR -22.646.118,12
Depreciation on financial assets and
marketable securities
EUR 22.646.118,12
Financial result (+/-) EUR 22.726.854,34
Result from ordinary operations (+/-)
EUR 91.758.389,68
Income tax / refund of income tax (+/-)EUR -21.421.803,33
Tax
(+/-)
EUR -21.421.803,33
Annual surplus / annual deficit
EUR 70.336.586,35
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2007 - 31.12.2007
ASSETS EUR 848.447.048,53
Fixed assets EUR 522.222.489,72
Intangible assets
EUR 5.660.221,56
Concessions, licences, rights
EUR 5.660.221,56
Tangible assets
EUR 283.533.635,69
Land / similar rights
EUR 161.438.322,63
Plant / machinery
EUR 58.502.683,30
Other tangible assets / fixtures and
fittings
EUR 31.545.259,01
Advance payments made / construction
in progress
EUR 32.047.370,75
Financial assets
EUR 233.028.632,47
Shares in participations /
subsidiaries and the like
EUR 215.781.100,40
Shares in related companies
EUR 215.427.400,13
Shares in investee companies
EUR 353.700,27
Loans to participations /
subsidiaries and the like
EUR 14.500.000,00
Loans to related companies
EUR 14.500.000,00
Securities included in fixed assets
EUR 1.976.000,00
Other loans
EUR 771.532,07
Current assets
EUR 325.076.306,21
Stocks EUR 65.548.573,55
Raw materials, consumables and
supplies
EUR 35.977.229,45
Finished goods / work in progress
EUR 29.571.344,10
Accounts receivable
EUR 108.189.889,69
Trade debtors
EUR 28.150.462,55
Amounts due from related companies
EUR 66.314.487,18
Amounts due from investee companies
EUR 361.646,18
Other debtors and assets EUR
13.363.293,78
Investments in current assets
EUR 15.307.222,49
Other investments
EUR 15.307.222,49
Liquid means
EUR 136.030.620,48
Remaining other assets EUR 1.148.252,60
Accruals (assets)
EUR 1.148.252,60
LIABILITIES EUR 848.447.048,53
Shareholders' equity
EUR 528.750.921,51
Capital EUR 210.000.000,00
Subscribed capital (share capital)
EUR 210.000.000,00
Reserves
EUR 316.250.921,51
Capital reserves
EUR 122.700.000,00
Retained earnings / revenue reserves EUR 193.550.921,51
Balance sheet profit/loss (+/-)
EUR 2.500.000,00
Balance sheet profit / loss
EUR 2.500.000,00
Provisions
EUR 185.950.000,00
Pension provisions and comparable
provisions
EUR 123.622.000,00
Other / unspecified provisions
EUR 62.328.000,00
Liabilities
EUR 133.746.127,02
Financial debts
EUR 71.571.083,46
Liabilities due to banks
EUR 71.571.083,46
Other liabilities
EUR 62.175.043,56
Trade creditors (for IAS incl. bills
of exchange) EUR 14.348.155,19
Liabililties due to related companiesEUR 36.657.723,12
Liabilities due to investee companiesEUR 203.750,61
Unspecified other liabilities
EUR 10.965.414,64
thereof
liabilities from tax /
financial authorities
EUR 5.669.401,90
thereof liabilities from social
security
EUR 527.549,03
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 517.702.492,92
Inventory change + own costs (+/-)
EUR 6.015.788,79
Inventory change (+/-)
EUR 3.863.611,98
Capitalised own costs EUR 2.152.176,81
Other operating income
EUR 10.947.892,34
Cost of materials
EUR 165.854.393,46
Raw materials and supplies, purchased
goods
EUR 150.904.128,69
Purchased services
EUR 14.950.264,77
Gross result (+/-)
EUR 368.811.780,59
Staff expenses
EUR 173.713.415,35
Wages and salaries EUR 139.645.122,80
Social security contributions and
expenses for pension plans and
benefits
EUR 34.068.292,55
Total depreciation
EUR 39.625.406,05
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 39.625.406,05
Other operating expenses
EUR 89.852.515,97
Operating result from continuing
operations EUR 65.620.443,22
Result from participating interests
(+/-)
EUR 11.195.377,98
Expenses / income from participations EUR 13.249.465,08
Income from transfer of profits
EUR 1.666.699,55
Income from related companies
EUR 11.582.765,53
Expenses for participations
EUR 2.054.087,10
Expenses for other participations
EUR 2.054.087,10
Interest result (+/-) EUR -4.351.991,83
Interest and similar income
EUR 5.783.454,93
thereof from related companies
EUR 160.927,39
Interest and similar expenses
EUR 10.135.446,76
thereof paid to related companies
EUR 921.705,00
Other financial result
EUR -7.757.314,00
Depreciation on financial assets and
marketable securities
EUR 7.757.314,00
Financial result (+/-) EUR -913.927,85
Result from ordinary operations (+/-)
EUR 64.706.515,37
Income tax / refund of income tax (+/-)EUR -21.326.213,62
Other taxes / refund of taxes
EUR -374.904,49
Tax
(+/-) EUR -21.701.118,11
Annual surplus / annual deficit
EUR 43.005.397,26
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.21 |
|
UK Pound |
1 |
Rs.74.31 |
|
Euro |
1 |
Rs.64.40 |
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.