MIRA INFORM REPORT

 

 

Report Date :

23.05.2012

 

IDENTIFICATION DETAILS

 

Name :

HEIBER UND SCHRÖDER MASCHINENBAU GMBH

 

 

Registered Office :

Feldheider Str. 52 D 40699 Erkrath  Post Box 33 13

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

12.11.1985

 

 

Com. Reg. No.:

HRB 12950

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of other general-purpose machinery

 

 

No. of Employees :

49

 

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  

 

Heiber und Schröder Maschinenbau GmbH

 

Company Status:      active

Feldheider Str. 52

D 40699 Erkrath

Post Box:

33 13

Telephone:02104/9376-0

Telefax:  02104/35749

Homepage: www.heiber-schroeder.com

E-mail:   info@heiber-schroeder.com

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registartion data

 

 LEGAL FORM              Private limited company

 Date of foundation:        12.11.1985

 Shareholders'

 agreement:                    12.11.1985

 Registered on:              12.12.1986

 Commercial Register:    Local court 42103 Wuppertal

 under:                          HRB 12950

 

 

Share capital                        

 

EUR            357,904.32

 

 

Shareholder

 

Wolfgang Heiber

Überhaan 26

D 40699 Erkrath

born: 13.01.1942

Share:             EUR            178,952.16

 

 

Shareholder:

Schröder-Frerkes Gesellschaft mit

beschränkter Haftung

Duisburger Str. 17

D 40477 Düsseldorf

Legal form: Private limited company

Share capital:     EUR            500,000.00

Share:             EUR            178,952.16

Registered on: 26.06.1991

Reg. data: 40213 Düsseldorf, HRB 27127

 

Manager:

Dr. Julius Schröder-Frerkes

Trills 110

D 40699 Erkrath

authorized to jointly represent the company

born: 01.04.1951

Profession: Engineer

Marital status: married

 

Manager:

Karl-Günther-Josef Leisse

D 40699 Erkrath

authorized to jointly represent the company

born: 31.07.1947

Profession: Businessman

Marital status: single

 

Proxy:

Andre Garmer

Heideweg 8

D 42781 Haan

authorized to jointly represent the company

born: 23.02.1971

 

Proxy:

Ricardo Molina

D 50667 Köln

authorized to jointly represent the company

born: 24.04.1973

 

 

Further functions/participations of Dr. Julius Schröder-Frerkes

(Manager)

 

Shareholder:

Schröder-Frerkes Gesellschaft mit

beschränkter Haftung

Duisburger Str. 17

D 40477 Düsseldorf

Legal form: Private limited company

Share capital:     EUR            500,000.00

Share:             EUR            250,000.00

Registered

on:         26.06.1991

Reg. data:  40213 Düsseldorf, HRB 27127

 

Manager:

Schröder-Frerkes Gesellschaft mit

beschränkter Haftung

Duisburger Str. 17

D 40477 Düsseldorf

Legal form: Private limited company

Share capital:     EUR            500,000.00

Registered

on:         26.06.1991

Reg. data:  40213 Düsseldorf, HRB 27127

 

Manager:

Tapeten-Passage Gesellschaft mit

beschränkter Haftung

Oberbilker Allee 163

D 40227 Düsseldorf

Legal form: Private limited company

Share capital:     EUR            255,645.94

Registered

on:         23.04.1934

Reg. data:  40213 Düsseldorf, HRB 580

 

Liquidator:

CONDEX Maschinenbau GmbH

Eichenstr. 18

D 40721 Hilden

Legal form: Private limited company in

liquidation

Share capital:     EUR             25,564.59

Registered

on:         23.07.1992

Reg. data:  40764 Langenfeld, HRB 2128

 

 

COMPANY HISTORY

 

 16.12.1985 - 12.12.1986  Heiber und Schröder Maschinenbau GmbH

                          Neumannstr. 2

                          D 40235 Düsseldorf

                          Private limited company

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 16.09.1999 - 29.07.2011  Manager

                          Wolfgang Heiber

                          D 40699 Erkrath

 

 

BUSINESS ACTIVITIES

 

 Sectors

 28290   Manufacture of other general-purpose machinery

4669    Wholesale of other machinery, equipment and supplies

 

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              Feldheider Str. 52

                      D 40699 Erkrath

 

 Real Estate of:      Dr. Julius Schröder-Frerkes

 Type of ownership:   Tenant

 Address              Trills 110

                      D 40699 Erkrath

 

 Land register documents were not available.

 

 

BANKERS

 

 UNICREDIT BANK - HYPOVEREINSBANK, DÜSSELDORF

 Sort. code: 30220190, Account no.: 3811166, BIC: HYVEDEMM414

 DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN, ERKRATH

 Sort. code: 30070024, BIC: DEUTDEDBDUE

FINANCIAL FIGURES

 

 Turnover:            2010               EUR         12,595,000.00

                      2011               EUR         13,150,000.00

 further business figures:

 Equipment:                              EUR            392,000.00

 Ac/ts receivable:                       EUR          2,153,993.00

 Liabillities:                           EUR            692,519.00

 Employees:                                                     49

 - thereof permanent staff:                                     49

 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 [%]:                 71.37

 Liquidity ratio:                   5.16

 Return on total capital [%]:       4.62

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 73.38

 Liquidity ratio:                  10.00

 Return on total capital [%]:       3.66

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 68.88

 Liquidity ratio:                   2.60

 Return on total capital [%]:      -6.24

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 62.57

 Liquidity ratio:                  10.00

 Return on total capital [%]:      13.61

 

 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          4,151,841.96

  Fixed assets                           EUR            530,244.01

   Intangible assets                     EUR             10,269.00

    Other / unspecified intangible assetsEUR             10,269.00

   Tangible assets                       EUR            519,975.01

    Other / unspecified tangible assets  EUR            519,975.01

  Current assets                         EUR          3,613,197.95

   Stocks                                EUR          1,184,439.75

   Accounts receivable                   EUR          2,153,993.92

    Other debtors and assets             EUR          2,153,993.92

   Liquid means                          EUR            274,764.28

  Remaining other assets                 EUR              8,400.00

   Accruals (assets)                     EUR              8,400.00

 

 LIABILITIES                             EUR          4,151,841.96

  Shareholders' equity                   EUR          2,964,573.89

   Capital                               EUR            357,904.32

    Subscribed capital (share capital)   EUR            357,904.32

   Reserves                              EUR            613,550.26

    Capital reserves                     EUR            511,291.88

    Retained earnings / revenue reserves EUR            102,258.38

   Balance sheet profit/loss (+/-)       EUR          1,993,119.31

    Balance sheet profit / loss          EUR          1,993,119.31

  Provisions                             EUR            466,582.05

  Liabilities                            EUR            692,519.02

   Other liabilities                     EUR            692,519.02

    Unspecified other liabilities        EUR            692,519.02

  Other liabilities                      EUR             28,167.00

   Deferrals (liabilities)               EUR             28,167.00

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          3,778,928.03

  Fixed assets                           EUR             80,093.51

   Intangible assets                     EUR              4,342.50

    Other / unspecified intangible assetsEUR              4,342.50

   Tangible assets                       EUR             75,751.01

    Other / unspecified tangible assets  EUR             75,751.01

  Current assets                         EUR          3,679,875.58

   Stocks                                EUR          1,055,312.93

   Accounts receivable                   EUR          1,319,476.24

    Other debtors and assets             EUR          1,319,476.24

   Liquid means                          EUR          1,305,086.41

  Remaining other assets                 EUR             18,958.94

   Accruals (assets)                     EUR             18,958.94

 

 LIABILITIES                             EUR          3,778,928.03

  Shareholders' equity                   EUR          2,773,434.66

   Capital                               EUR            357,904.32

    Subscribed capital (share capital)   EUR            357,904.32

   Reserves                              EUR            613,550.26

    Capital reserves                     EUR            511,291.88

    Retained earnings / revenue reserves EUR            102,258.38

   Balance sheet profit/loss (+/-)       EUR          1,801,980.08

    Balance sheet profit / loss          EUR          1,801,980.08

  Provisions                             EUR            435,571.35

  Liabilities                            EUR            569,922.02

   Other liabilities                     EUR            569,922.02

    Unspecified other liabilities      EUR            569,922.02

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.88

UK Pound

1

Rs.86.84

Euro

1

Rs.70.21

 

 

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.