MIRA INFORM REPORT

 

 

Report Date :

16.07.2012

 

IDENTIFICATION DETAILS

 

Name :

HEINRICH AKTIENGESELLSCHAFT NORM- UND DREHTEILE

 

 

Registered Office :

Riesenburgstr. 10 D 78083 Dauchingen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1962

 

 

Com. Reg. No.:

HRB 702690

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Agents involved in the sale of machines (except agricultural machineryand office machinery) and industrial supplies

 

 

No. of Employees :

23

 

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

 

Status :

Satisfactory

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 and address

 

Heinrich Aktiengesellschaft Norm- und Drehteile

 

Company Status:      active

Riesenburgstr. 10

D 78083 Dauchingen

Telephone:07720/99529-0

Telefax:  07720/99529-60

Homepage: www.heinrich-ag.de

E-mail:   info@heinrich-ag.de

 

 

VAT no.        

 

DE197992677

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registartion data

 

 LEGAL FORM              Public limited company

 Date of foundation:        1962

 Begin of business

 activities:                                  15.12.1998

 Registered on:               20.08.2008

 Commercial Register:    Local court 79098 Freiburg

 under:                          HRB 702690

 

 

Share capital                   

 

EUR             51,129.19

 

 

Member of the Board of Directors

 

Thorsten Oliver Bach

D 78549 Spaichingen

born: 27.06.1975

Member of the Board of Directors:

Jochen Zähringer

D 78628 Rottweil

born: 07.11.1970

 

Member of the Supervisory Board:

Wilfried Heinrich

Lupfenstr. 14

D 78554 Aldingen

born: 1927

Profession: Master mechanic

Marital status: married

 

Member of the Supervisory Board:

Reiner Fröhle

D 89428 Syrgenstein

born: 23.10.1952

 

Member of the Supervisory Board:

Klaus-Dieter Sprenger

D 17509 Loissin

 

 

FURTHER FUNCTIONS/PARTICIPATIONS OF THORSTEN OLIVER BACH

 

(Member  of the Board of Directors)

 

Shareholder:

E.L. Zepf GmbH

Gotenstr. 5

D 78532 Tuttlingen

Legal form: Private limited company

Share capital:     EUR             25,000.00

Share:             EUR             25,000.00

Registered

on:         20.01.2009

Reg. data:  70190 Stuttgart, HRB 728571

 

Shareholder:

SURPLUS+ GMBH

Gotenstr. 5

D 78532 Tuttlingen

Legal form: Private limited company

Share capital:     EUR             25,000.00

Share:             EUR             25,000.00

Registered

on:         22.03.2012

Reg. data:  70190 Stuttgart, HRB 740729

 

Manager:

E.L. Zepf GmbH

Gotenstr. 5

D 78532 Tuttlingen

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered

on:         20.01.2009

Reg. data:  70190 Stuttgart, HRB 728571

 

Manager:

SURPLUS+ GMBH

Gotenstr. 5

D 78532 Tuttlingen

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered

on:         22.03.2012

Reg. data:  70190 Stuttgart, HRB 740729

 

 

BUSINESS ACTIVITIES

 

 Sectors

 25620   Machining n.e.c.

46141   Agents involved in the sale of machines (except

 agricultural machineryand office machinery) and industrial

 supplies n.e.c.

46722   Wholesale of non-ferrous ores, metals and metal

 semi-finished goods

46741   Wholesale of tools and hardware

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Balance sheet year:  2010

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Riesenburgstr. 10

                      D 78083 Dauchingen

 

 Land register documents were not available.

 

 

BANKERS

 

 KREISSPARKASSE TUTTLINGEN, TUTTLINGEN

 Sort. code: 64350070, BIC: SOLADES1TUT

 COMMERZBANK VILLINGEN U SCHWENNINGEN, VILLINGEN-SCHWENNINGEN

 Sort. code: 69440007, BIC: COBADEFF694

 

 

FINANCIAL FIGURES

 

 Turnover:            2010               EUR          4,500,000.00

                      2011               EUR          4,500,000.00

 Expected turnover:                      EUR          5,000,000.00

 further business figures:

 Ac/ts receivable:                       EUR            812,780.00

 Liabilities:                            EUR          2,594,868.00

 Employees:                                                     23

 

 The aforementioned business figures may partly be estimated

 information based on average values in the line of business.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 23.28

 Liquidity ratio:                   0.31

 Return on total capital [%]:       4.25

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 17.74

 Liquidity ratio:                   0.27

 Return on total capital [%]:       2.98

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 12.58

 Liquidity ratio:                   0.35

 Return on total capital [%]:       2.82

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 12.63

 Liquidity ratio:                   0.26

 Return on total capital [%]:       4.82

 

 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          3,811,565.08

  Fixed assets                           EUR            297,153.00

   Intangible assets                     EUR            110,103.50

   Tangible assets                       EUR            161,049.50

   Financial assets                      EUR             26,000.00

  Current assets                         EUR          3,496,157.08

   Stocks                                EUR          2,676,511.92

   Accounts receivable                   EUR            812,779.52

   Liquid means                          EUR              6,865.64

  Remaining other assets                 EUR             18,255.00

   Accruals (assets)                     EUR             18,255.00

 

 LIABILITIES                             EUR          3,811,565.08

  Shareholders' equity                   EUR            929,712.49

   Capital                               EUR             51,129.19

    Subscribed capital (share capital)   EUR             51,129.19

   Reserves                              EUR            355,112.91

    Retained earnings / revenue reserves EUR            355,112.91

   Balance sheet profit/loss (+/-)       EUR            523,470.39

    Balance sheet profit / loss          EUR            523,470.39

  Provisions                             EUR            286,488.12

  Liabilities                            EUR          2,594,868.47

  Other liabilities                      EUR                496.00

   Deferred taxes (not included under

   provisions/liabilities)               EUR                496.00

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          4,005,047.46

  Fixed assets                           EUR            324,121.00

   Intangible assets                     EUR            144,639.00

    Other / unspecified intangible assetsEUR            144,639.00

   Tangible assets                       EUR            153,482.00

    Other / unspecified tangible assets  EUR            153,482.00

   Financial assets                      EUR             26,000.00

    Other / unspecified financial assets EUR             26,000.00

  Current assets                         EUR          3,663,538.46

   Stocks                                EUR          2,816,395.44

   Accounts receivable                   EUR            838,013.83

    Other debtors and assets             EUR            838,013.83

   Liquid means                          EUR              9,129.19

  Remaining other assets                 EUR             17,388.00

   Accruals (assets)                     EUR             17,388.00

 

 LIABILITIES                             EUR          4,005,047.46

  Shareholders' equity                   EUR            770,153.70

   Capital                               EUR             51,129.19

    Subscribed capital (share capital)   EUR             51,129.19

   Reserves                              EUR            155,112.91

    Retained earnings / revenue reserves EUR            155,112.91

   Balance sheet profit/loss (+/-)       EUR            563,911.60

    Balance sheet profit / loss          EUR            563,911.60

  Provisions                             EUR            161,969.00

  Liabilities                            EUR          3,072,924.76

   Other liabilities                     EUR          3,072,924.76

    Unspecified other liabilities      EUR          3,072,924.76

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.65

UK Pound

1

Rs.85.89

Euro

1

Rs.67.88

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.