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Report Date : |
06.11.2012 |
IDENTIFICATION DETAILS
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Name : |
P.H.
INDUSTRIEHYDRAULIK GMBH & CO.KOMMANDITGESELLSCHAFT |
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Registered Office : |
Stefansbecke
35-37 D 45549 Sprockhövel |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1984 |
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Com. Reg. No.: |
HRA 7478 |
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Legal Form : |
Ltd partnership
with priv. ltd. company as general partner |
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Line of Business : |
Manufacture
of other general-purpose machinery |
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No. of Employees : |
36 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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
P.H. Industriehydraulik
GmbH & Co.Kommanditgesellschaft
Company Status: active
Stefansbecke 35-37
D 45549 Sprockhövel
Telephone:02339/6021
Telefax: 02339/4501
Homepage: www.ph-hydraulik.de
E-mail: info@ph-hydraulik.de
DE125316263
Business relations are
permissible.
LEGAL FORM Ltd
partnership with priv. ltd. Company as general partner
Date of foundation: 1984
Registered on: 23.04.1987
Register of
companies: Local
court 45130 Essen
under: HRA 7478
Total cap.
contribution: EUR 25,564.59
Peter
Hen
Tulpenstr. 3
D
58285 Gevelsberg
born: 09.12.1954
Share: EUR 25,564.59
General partner:
P.H.
Industriehydraulik- und
Verwaltungsgesellschaft mit beschränkter
Haftung
Stefansbecke 33
D
45549 Sprockhövel
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Registered on: 13.02.1987
Reg. data: 45130 Essen, HRB 15504
Shareholder:
Peter
Hen
Tulpenstr. 3
D
58285 Gevelsberg
born:
09.12.1954
Share: EUR 25,564.59
Manager:
Peter
Hen
Tulpenstr. 3
D
58285 Gevelsberg
having
sole power of representation
born:
09.12.1954
Marital
status: single
Manager:
Markus
Luible
D
58256 Ennepetal
born:
05.06.1970
01.1984 - 05.03.1986 Peter Hen
Heideschulstr. 42
D 58285 Gevelsberg
Unregistered commercial enterprise
05.03.1986 -
23.04.1987 P.H. Industriehydraulik GmbH
& Co.
Kommanditgesellschaft
D
58285 Gevelsberg
Ltd partnership with priv.
ltd. company
as
general partner
Secondary industrial sector
28290 Manufacture of other general-purpose
machinery
Payment experience: within agreed terms
Negative information:We
have no negative information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Stefansbecke 35-37
D
45549 Sprockhövel
Real Estate of: P.H. Industriehydraulik- und
Verwaltungsgesellschaft mit beschränkter
Haftung
Type of ownership: Tenant
Address Stefansbecke 33
D
45549 Sprockhövel
Land register documents
were not available.
COMMERZBANK, GEVELSBERG
Sort. code: 33040001, BIC:
COBADEFF330
STADTSPARKASSE SPROCKHÖVEL,
SPROCKHÖVEL
Sort. code: 45251515, BIC:
SPSHDE31XXX
Turnover: 2010 EUR 17,100,000.00
2011 EUR 17,000,000.00
further business figures:
Ac/ts receivable: EUR 3,053,658.00
Liabilities: EUR 17,779,621.00
Total numbers of vehicles: 4
Employees:
36
The aforementioned business
figures may partly be estimated
information based on
average values in the line of business.
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 91.30
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 22.53
Liquidity ratio: 0.38
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 96.39
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 87.00
Liquidity
ratio: 10.00
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.
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 21,509,055.56
Fixed assets
EUR 1,481,361.30
Intangible assets
EUR 1.00
Other / unspecified intangible assetsEUR 1.00
Tangible assets
EUR 1,468,578.00
Other / unspecified tangible assets
EUR 1,468,578.00
Financial assets
EUR 12,782.30
Other / unspecified financial assets EUR 12,782.30
Current assets
EUR 20,020,205.73
Stocks
EUR 6,475,521.47
Accounts receivable EUR 3,053,658.11
Other debtors and assets
EUR 3,053,658.11
Investments in current assets
EUR 7,612,371.12
Liquid means
EUR 2,878,655.03
Remaining other assets
EUR 7,488.53
Accruals (assets)
EUR 7,488.53
LIABILITIES EUR 21,509,055.56
Shareholders' equity
EUR 3,055,645.94
Capital EUR 255,645.94
Limited partner's capital / capital
of partially liable partner (LP)
EUR 255,645.94
Reserves
EUR 2,800,000.00
Capital reserves
EUR 2,800,000.00
Provisions
EUR 673,788.58
Liabilities
EUR 17,779,621.04
Other liabilities
EUR 17,779,621.04
Unspecified other liabilities
EUR 17,779,621.04
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 13,561,601.98
Fixed assets EUR 1,113,781.20
Intangible assets
EUR 1.00
Other / unspecified intangible assetsEUR 1.00
Tangible assets
EUR 1,100,997.90
Other / unspecified tangible assets
EUR 1,100,997.90
Financial assets
EUR 12,782.30
Other / unspecified financial assets EUR 12,782.30
Current assets
EUR 12,444,909.04
Stocks
EUR 5,796,014.98
Accounts receivable
EUR 2,262,576.21
Other debtors and assets
EUR 2,262,576.21
Investments in current assets
EUR 16,312.34
Liquid means
EUR 4,370,005.51
Remaining other assets
EUR 2,911.74
Accruals (assets)
EUR 2,911.74
LIABILITIES EUR
13,561,601.98
Shareholders' equity
EUR 3,055,645.94
Capital
EUR 255,645.94
Limited partner's capital / capital
of partially liable partner (LP)
EUR 255,645.94
Reserves
EUR 2,800,000.00
Provisions
EUR 231,045.38
Liabilities
EUR 10,274,910.66
Other liabilities
EUR 10,274,910.66
Unspecified other liabilities
EUR 10,274,910.66
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.08 |
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|
1 |
Rs.86.68 |
|
Euro |
1 |
Rs.69.36 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.