MIRA INFORM REPORT

 

 

Report Date :           

17.10.2011

 

IDENTIFICATION DETAILS

 

Name :

HEGENSCHEIDT-MFD GMBH & CO. KG

 

 

Registered Office :

Hegenscheidt Platz, D 41812 Erkelenz, Post Box 1652, D 41806 Erkelenz

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2007

 

 

Date of Incorporation :

24.03.2000

 

 

Com. Reg. No.:

HRA 4721

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

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

 

Maximum Credit Limit :

250,000 EUR

 

 

Status :

Good

 

 

Payment Behaviour :

No Complaints

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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 

 

Hegenscheidt-MFD GmbH & Co. KG

 

Main address:

Hegenscheidt Platz

D 41812 Erkelenz

Post Box:

1652, D 41806 Erkelenz

Telephone:        02431/860

Telefax:             02431/86470

Homepage:        www.hegenscheidt-mfd.de

E-mail:              contact@hegenscheidtmfd.com

 

 

VAT no.    

 

DE812912399

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

general partner

Registered on:                24.03.2000

Register of

companies:                   Local court 41061 Mönchengladbach

under:                                       HRA 4721

Total cap. contribution:    EUR          6,135,246.93

 

 

Limited partner

 

NILES-SIMMONS-HEGENSCHEIDT GmbH

Zwickauer Str. 355

D 09117 Chemnitz

Legal form: Private limited company

Share capital:     EUR         14,230,000.00

Share:             EUR          6,135,246.93

Registered on: 21.05.2002

Reg. data: 09130 Chemnitz, HRB 19797

 

 

General partner

 

Hegenscheidt Komplementär GmbH

Hegenscheidt Platz

D 41812 Erkelenz

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on: 01.02.2000

Reg. data: 41061 Mönchengladbach, HRB 8987

 

 

Shareholder

 

NILES-SIMMONS-HEGENSCHEIDT GmbH

Zwickauer Str. 355

D 09117 Chemnitz

Legal form: Private limited company

Share capital:     EUR         14,230,000.00

Share:             EUR             25,000.00

Registered on: 21.05.2002

Reg. data: 09130 Chemnitz, HRB 19797

 

 

Manager

 

Hans-Jürgen Naumann

26 Folmsbee Drive

US 12204 Albany New York

having sole power of representation

born: 05.05.1935

Profession: Fully qualified merchant

Marital status: married

Manager:

Dr. Winfried Büdenbender

D 57462 Olpe

born: 28.03.1955

 

Manager:

Dr. John Oliver Naumann

D 86480 Aletshausen

having sole power of representation

born: 22.05.1970

Marital status: unknown

 

 

Proxy

 

Dr. Christian Becker

D 41812 Erkelenz

authorized to jointly represent the company

born: 09.06.1961

Profession: graduate engineer

 

Proxy:

Daniel Knipping

D 52525 Waldfeucht

authorized to jointly represent the company

born: 06.10.1967

 

Proxy:

Werner Klein

D 41844 Wegberg

authorized to jointly represent the company

born: 03.01.1951

 

Proxy:

Horst Herold

D 41836 Hückelhoven

authorized to jointly represent the company

born: 13.12.1950

 

Proxy:

Werner Brouwers

D 47929 Grefrath

authorized to jointly represent the company

born: 22.12.1958

Profession: Businessman

 

 

BUSINESS ACTIVITIES

 

Sectors

 28290   Manufacture of other general-purpose machinery

46620   Wholesale of machine tools

 

 

FINANCIAL INFORMATION

 

Payment experience:     cash discount/within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            250,000 EUR

 

Balance sheet year:       2007

 

 

REAL ESTATE

 

Type of ownership:   proprietor

 Share:                100.00 %

 Address              Hegenscheidt Platz

                      D 41812 Erkelenz

 

 Real Estate of:      Hegenscheidt Komplementär GmbH

 Type of ownership:   Tenant

 Address              Hegenscheidt Platz

                      D 41812 Erkelenz

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

COMMERZBANK, ERKELENZ

Sort. code: 31040015, BIC: COBADEFF310

 

Further bank

WGZ BANK, DÜSSELDORF

Sort. code: 30060010, BIC: GENODEDDXXX

 

 

FINANCIAL FIGURES

 

 Employees:                                                    938

 - thereof permanent staff:                                    876

 - Trainees:                                                    62

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 58.19

 Liquidity ratio:                   3.97

 Return on total capital [%]:      12.54

 

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.

 

Balance sheet grade

The balance sheet grade is based on the following ratios: equity  ratio, liquidity ratio and return on total capital from the  balance sheets published in the Federal Gazette.

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2007 - 31.12.2007

 

 ASSETS                                  EUR         40,343,986.73

  Fixed assets                           EUR          8,857,859.26

   Intangible assets                     EUR            618,197.26

    Concessions, licences, rights        EUR            618,197.26

   Tangible assets                       EUR          4,950,835.78

    Land / similar rights                EUR          2,644,931.89

    Plant / machinery                    EUR          1,662,309.65

    Other tangible assets / fixtures and

    fittings                             EUR            643,594.24

   Financial assets                      EUR          3,288,826.22

    Shares in participations /

    subsidiaries and the like            EUR          3,288,826.22

     Shares in related companies         EUR          3,288,826.22

  Current assets                         EUR         31,473,166.76

   Stocks                                EUR         11,272,014.20

    Raw materials, consumables and

    supplies                             EUR          5,406,162.95

    Finished goods / work in progress    EUR         16,616,512.01

    Advance payments made                EUR            531,391.10

    Minus received advance payments for

    orders / installments for stocks     EUR        -11,282,051.86

   Accounts receivable                   EUR         20,031,389.93

    Trade debtors                        EUR         15,127,096.50

    Amounts due from related companies   EUR          3,853,334.23

    Amounts due from affiliated companiesEUR            494,196.09

    Other debtors and assets             EUR            556,763.11

   Liquid means                          EUR            169,762.63

  Remaining other assets                 EUR             12,960.71

   Accruals (assets)                     EUR             12,960.71

 

 LIABILITIES                             EUR         40,343,986.73

  Shareholders' equity                   EUR          9,724,278.72

   Capital                               EUR          6,135,502.58

    Capital of the fully liable partner

    (LP, general partnership)            EUR                255.65

     Capital contribution of gen.

     partner/accounts of the pers. liable

     shareholder                         EUR                255.65

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR          6,135,246.93

   Reserves                              EUR          3,588,776.14

    Retained earnings / revenue reserves EUR          3,588,776.14

  Provisions                             EUR         11,528,651.00

   Pension provisions and comparable

   provisions                            EUR          4,715,351.00

   Provisions for taxes                  EUR            100,000.00

   Other / unspecified provisions        EUR          6,713,300.00

  Liabilities                            EUR         19,091,057.01

   Financial debts                       EUR                196.29

    Liabilities due to banks             EUR                196.29

   Other liabilities                     EUR         19,090,860.72

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          4,835,855.51

    Liabililties due to related companiesEUR         13,473,060.80

    Unspecified other liabilities        EUR            781,944.41

     thereof liabilities from tax /

     financial authorities               EUR            452,589.63

     thereof liabilities from social

     security                            EUR              4,662.64

  Guarantees and other commitments       EUR         25,596,000.00

   Sureties / lendings of

   creditworthiness                      EUR         18,554,000.00

   Liability from creation of a security

   interest for third parties            EUR          7,042,000.00

 

 Profit and loss account (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR         66,002,819.38

  Inventory change + own costs (+/-)     EUR          5,144,987.33

   Inventory change (+/-)                EUR          5,144,987.33

  Other operating income                 EUR          1,951,225.45

  Cost of materials                      EUR         31,542,711.85

   Raw materials and supplies, purchased

   goods                                 EUR         28,079,198.46

   Purchased services                    EUR          3,463,513.39

  Gross result (+/-)                     EUR         41,556,320.31

  Staff expenses                         EUR         19,756,372.39

   Wages and salaries                    EUR         16,333,704.14

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          3,422,668.25

  Total depreciation                     EUR            970,643.12

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            970,643.12

  Other operating expenses               EUR         13,749,522.88

  Operating result from continuing

  operations                             EUR          7,079,781.92

  Interest result (+/-)                  EUR           -843,452.23

   Interest and similar income           EUR             52,789.73

    thereof from related companies       EUR             20,849.57

   Interest and similar expenses         EUR            896,241.96

    thereof paid to related companies    EUR            843,682.64

  Other financial result                 EUR                115.28

   Income from securities and loans from

   financial assets                      EUR                115.28

  Financial result (+/-)                 EUR           -843,336.95

  Result from ordinary operations (+/-)  EUR          6,236,444.97

  Income tax / refund of income tax (+/-)EUR         -1,157,729.71

  Other taxes / refund of taxes          EUR            -56,347.64

  Tax (+/-)                              EUR         -1,214,077.35

  Annual surplus / annual deficit        EUR          5,022,367.62

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.07

UK Pound

1

Rs.77.42

Euro

1

Rs.67.72

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.