MIRA INFORM REPORT

 

 

Report Date :

05.11.2012

 

IDENTIFICATION DETAILS

 

Name :

HYDROTEC TECHNOLOGIES AG

 

 

Registered Office :

 

Dungstruper Strasse 46 Wildeshausen, 27793

 

 

 

 

Country :

Germany

 

 

 

 

Financials (as on) :

31.12.2010

 

 

 

 

Date of Incorporation :

08.11.2005

 

 

 

 

Com. Reg. No.:

140799

 

 

 

 

Legal Form :

Public Independent

 

 

 

 

Line of Business :

Manufacture of precast concrete, cement or artificial stone articles for use in construction (tiles, flagstones, bricks, boards, sheets, panels, pipes, posts, etc.)

 

 

 

 

No. of Employees :

85

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

GERMANY - ECONOMIC OVERVIEW

 

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.

Source : CIA

Company name and address

 

Top of Form

Bottom of Form

Top of Form

 

HYDROTEC Technologies AG                                                                                                        

 

Dungstruper Strasse 46

 

 

Wildeshausen, 27793

Germany

 

 

Tel:

+49 (0) 4431 93550

Fax:

+49 (0) 4431 935599

 

 

 

Employees:

85

Company Type:

Public Independent

 

 

Incorporation Date:

08-Nov-2005

Financials in:

USD (mil)

 

 

Fiscal Year End:

31-Dec-2010

Reporting Currency:

Euro

Annual Sales:

51.4

Total Assets:

31.8

                                      

Business Description       

 

HYDROTEC Technologies AG is primarily engaged in manufacture of precast concrete, cement or artificial stone articles for use in construction (tiles, flagstones, bricks, boards, sheets, panels, pipes, posts, etc.); and manufacture of prefabricated structural components for building or civil engineering of cement, concrete or artificial stone.

          

Industry                                                                                                                               

 

Industry

Construction - Raw Materials

ANZSIC 2006:

2034 - Concrete Product Manufacturing

NACE 2002:

2661 - Manufacture of concrete products for construction purposes

NAICS 2002:

32733 - Concrete Pipe, Brick, and Block Manufacturing

UK SIC 2003:

2661 - Manufacture of concrete products for construction purposes

UK SIC 2007:

2361 - Manufacture of concrete products for construction purposes

US SIC 1987:

3272 - Concrete Products, Except Block and Brick

                      

Key Executives           

   

 

Name

Title

Gisbert Brinkschulte

Chairman of the board of directors

Uwe Brinkschulte

Chairman of the board

Bärbel Brinkschulte

Member of the board of directors

Iris Schäfer

Member of the board of directors

Carsten Schäfer

Member of the board

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

 

Corporate Overview

 

Location
DĂ¼ngstruper Strasse 46
Wildeshausen, 27793
Germany

 

Tel:

+49 (0) 4431 93550

Fax:

+49 (0) 4431 935599

 

Suggest Company URL

 

Sales EUR(mil):

38.8

Assets EUR(mil):

23.7

Employees:

85

Fiscal Year End:

31-Dec-2010

 

Industry:

Construction - Raw Materials

Incorporation Date:

08-Nov-2005

Company Type:

Public Independent

Quoted Status:

Not Quoted

Registered No.(DEU):

140799

 

Chairman of the board:

Uwe Brinkschulte

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

Industry Codes

 

ANZSIC 2006 Codes:

2034

-

Concrete Product Manufacturing

333

-

Timber and Hardware Goods Wholesaling

2121

-

Iron and Steel Casting

2229

-

Other Structural Metal Product Manufacturing

3339

-

Other Hardware Goods Wholesaling

2122

-

Steel Pipe and Tube Manufacturing

 

NACE 2002 Codes:

2661

-

Manufacture of concrete products for construction purposes

5153

-

Wholesale of wood, construction materials and sanitary equipment

2721

-

Manufacture of cast iron tubes

5154

-

Wholesale of hardware, plumbing and heating equipment and supplies

2811

-

Manufacture of metal structures and parts of structures

2751

-

Casting of iron

 

NAICS 2002 Codes:

32733

-

Concrete Pipe, Brick, and Block Manufacturing

4233

-

Lumber and Other Construction Materials Merchant Wholesalers

4237

-

Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers

33231

-

Plate Work and Fabricated Structural Product Manufacturing

331210

-

Iron and Steel Pipe and Tube Manufacturing from Purchased Steel

331511

-

Iron Foundries

 

US SIC 1987:

3272

-

Concrete Products, Except Block and Brick

503

-

Lumber and Other Construction Materials

3317

-

Steel Pipe and Tubes

3441

-

Fabricated Structural Metal

507

-

Hardware, and Plumbing and Heating Equipment

3321

-

Gray and Ductile Iron Foundries

 

UK SIC 2003:

2661

-

Manufacture of concrete products for construction purposes

5153

-

Wholesale of wood, construction materials and sanitary equipment

2811

-

Manufacture of metal structures and parts of structures

5154

-

Wholesale of hardware, plumbing and heating equipment and supplies

2721

-

Manufacture of cast iron tubes

2751

-

Casting of iron

 

UK SIC 2007:

2361

-

Manufacture of concrete products for construction purposes

4673

-

Wholesale of wood, construction materials and sanitary equipment

2511

-

Manufacture of metal structures and parts of structures

2451

-

Casting of iron

4674

-

Wholesale of hardware, plumbing and heating equipment and supplies

 

Business Description

HYDROTEC Technologies AG is primarily engaged in manufacture of precast concrete, cement or artificial stone articles for use in construction (tiles, flagstones, bricks, boards, sheets, panels, pipes, posts, etc.); and manufacture of prefabricated structural components for building or civil engineering of cement, concrete or artificial stone.

 

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

38.8

Assets:

23.7

Current Assets:

16.4

 

Total Liabilities:

23.7

 

Issued Capital:

3.8

 

Net Worth:

6.3

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

-1.3%

NA

 

Key Corporate Relationships

Bank:

Oldenburgische Landesbank AG, Sparkasse Bremen, Commerzbank

 

 

 

 

 

 

 

 

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Uwe Brinkschulte

 

Chairman of the board

Chairman

Gisbert Brinkschulte

 

Chairman of the board of directors

Chairman

Bärbel Brinkschulte

 

Member of the board of directors

Director/Board Member

Carsten Schäfer

 

Member of the board

Director/Board Member

Iris Schäfer

 

Member of the board of directors

Director/Board Member

JĂ¼rgen Unewisse

 

Member of the board

Director/Board Member

 

 

Annual Profit & Loss

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Total income

51.4

54.7

70.1

Raw materials and services

39.8

41.2

53.9

Net sales

51.4

54.7

70.1

Change in stock

0.2

0.1

0.7

Own work capitalised

-

0.0

-

Other operating income

0.6

1.1

1.4

Raw materials and consumables employed

39.8

41.2

53.9

Other external charges

0.1

0.2

0.2

Cost of goods sold

39.9

41.4

54.1

Cost of raw materials

39.9

41.4

54.1

Taxes and social security costs

0.7

0.8

0.9

Total payroll costs

4.7

5.2

6.0

Fixed asset depreciation and amortisation

0.8

0.8

0.8

Other operating costs

10.2

12.1

16.3

Net operating income

1.7

2.5

3.3

Other income

0.1

0.0

0.1

Interest payable on loans

1.2

1.4

1.5

Total expenses

1.2

1.3

1.4

Profit before tax

0.5

1.2

1.9

Extraordinary income

0.0

-

-

Provisions

0.4

0.5

0.8

Extraordinary result

0.0

-

-

Other taxes

0.0

0.0

0.0

Total taxation

0.2

0.4

0.6

Net profit

0.3

0.8

1.2

 

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Issued capital

5.1

5.5

5.1

Capital reserves

1.0

1.0

0.6

Legal reserves

0.1

0.1

0.1

Total reserves

0.1

0.1

0.1

Profits for the year

2.3

2.1

1.3

Profit brought forward from previous year(s)

-

1.3

-

Total stockholders equity

8.5

8.7

7.0

Other provisions

0.4

0.5

0.7

Provision for pensions

-

0.1

0.1

Provisions and allowances

0.4

0.5

0.8

Other debentures

4.6

5.7

-

Total long-term liabilities

4.6

5.7

-

Trade creditors

2.0

1.9

1.5

Other loans

15.6

14.2

23.2

Taxation and social security

0.8

0.7

0.8

Other current liabilities

-

-

0.2

Owing to participants

-

-

0.0

Total current liabilities

18.4

16.8

25.7

Total liabilities (including net worth)

31.8

31.7

33.5

Patents

0.1

0.2

0.0

Goodwill

0.1

0.1

0.1

Intangibles

0.2

0.2

0.2

Land and buildings

5.5

5.7

5.8

Machinery and tools

2.0

1.3

1.2

Fixtures and equipment

5.5

5.7

5.8

Fixed assets under construction

-

0.5

-

Total tangible fixed assets

7.9

8.0

7.4

Long-term investments

1.6

1.6

1.6

Participating interest

-

0.1

0.1

Total financial assets

1.6

1.7

1.7

Total non-current assets

9.8

9.9

9.3

Raw materials

1.7

2.8

3.5

Work in progress

0.2

0.2

0.2

Finished goods

7.9

9.2

8.8

Prepayments

1.9

-

0.4

Net stocks and work in progress

11.7

12.3

12.8

Trade debtors

4.7

4.0

5.6

Other receivables

1.9

1.5

1.9

Total receivables

10.3

9.3

11.4

Owing from participants

3.7

3.8

3.8

Cash and liquid assets

0.0

0.1

0.0

Total current assets

22.0

21.7

24.3

Prepaid expenses and deferred costs

0.0

0.1

0.0

Total assets

31.8

31.7

33.5

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Current ratio

11.95

12.94

9.43

Acid test ratio

5.58

5.63

4.44

Total liabilities to net worth

0.27%

0.26%

0.37%

Net worth to total assets

0.03%

0.03%

0.02%

Current liabilities to net worth

0.22%

0.19%

0.37%

Current liabilities to stock

0.16%

0.14%

0.20%

Fixed assets to net worth

0.12%

0.11%

0.13%

Collection period

329.00

259.00

307.00

Stock turnover rate

2.25

2.17

1.93

Profit margin

0.00%

0.00%

0.00%

Return on assets

0.00%

0.01%

0.01%

Shareholders' return

0.00%

0.01%

0.02%

Sales per employee

46.77

47.95

56.41

Profit per employee

0.27

0.68

0.99

Average wage per employee

4.25

4.57

4.79

Net worth

8.5

8.7

7.0

Number of employees

83

82

85

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.66

UK Pound

1

Rs.86.37

Euro

1

Rs.69.24

 

 

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.