MIRA
INFORM REPORT
|
Report Date : |
17.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
HELM AG |
|
|
|
|
Registered Office : |
Nordkanalstrasse 28,
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
1900 |
|
|
|
|
Com. Reg. No.: |
22263 |
|
|
|
|
Legal Form : |
Private Parent |
|
|
|
|
Line of Business : |
Engaged in the manufacture and distribution of independent
chemicals |
|
|
|
|
No. of Employees : |
1,366 |
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 |
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
|
Helm AG |
|
|
|
||||||||||||||||||||||
|
Employees: |
1,366 |
|
Company Type: |
Private Parent |
|
Corporate Family: |
|
|
|
|
|
Incorporation Date: |
1900 |
|
Fiscal Year End: |
31-Dec-2011 |
|
Reporting Currency: |
Euro |
|
Annual Sales: |
7,073.6 |
|
Total Assets: |
1,685.1 |
Business Description
|
Helm AG (Helm ) is a Germany
based, multifunctional distribution company, engaged in the manufacture and
distribution of independent chemicals to the customers in various parts of the
world. The company is very much focused in carrying out its operations by its
six operational segments, namely, organic/inorganic chemicals, plastics and
polyurethane chemicals, animal and human nutrition, fertilizer and crop
protection, pharmaceutical active ingredients and medical products, and acids
and lyes as well as specialty chemicals. Its
product group includes active pharmaceutical ingredients, animal nutrition
and human nutrition, specialty polymers, herbicides, insecticides,
fungicides, and fertilizers. The company has its advertising enterprises with
branches and sales offices wide spread more than 30 countries. Helm is
headquartered in Hamburg, Germany. |
Industry
|
Industry |
|
|
ANZSIC 2006: |
3323 - Industrial and Agricultural Chemical Product
Wholesaling |
|
NACE 2002: |
|
|
NAICS 2002: |
424690 - Other Chemical and Allied Products Merchant
Wholesalers |
|
UK SIC 2003: |
|
|
UK SIC 2007: |
|
|
US SIC 1987: |
5169 - Chemicals and Allied Products, Not Elsewhere
Classified |
Key Executives
|
Registered No.(DEU)
22263
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
|
||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
More
Business Descriptions |
|
|
|
|
|
HELM AG is primarily engaged in manufacture of various
chemical products: peptones, peptone derivatives, other protein substances and
their derivatives not elsewhere classified; chemically modified oils and fats;
materials used in the finishing of textiles and leather; powders and pastes
used in soldering, brazing or welding; substances used to pickle metal;
prepared additives for cements; activated carbon, lubricating oil additives,
prepared rubber accelerators, catalysts and other chemical products for industrial
use; anti-knock preparations, anti-freeze preparations, liquids for hydraulic
transmission; and composite diagnostic or laboratory reagents. This class also
includes: manufacture of writing and drawing ink.
Helm AG (Helm ) is a Germany based, multifunctional
distribution company, engaged in the manufacture and distribution of
independent chemicals to the customers in various parts of the world. The
company is very much focused in carrying out its operations by its six
operational segments, namely, organic/inorganic chemicals, plastics and
polyurethane chemicals, animal and human nutrition, fertilizer and crop
protection, pharmaceutical active ingredients and medical products, and acids
and lyes as well as specialty chemicals. Its product
group includes active pharmaceutical ingredients, animal nutrition and human
nutrition, specialty polymers, herbicides, insecticides, fungicides, and
fertilizers. The company has its advertising enterprises with branches and
sales offices wide spread more than 30 countries. Helm is headquartered in
Hamburg, Germany.
HELM AG (Germany) is one of the world's leading independent
chemicals marketing enterprises, with branches and sales offices in more than
30 countries. It focuses on national and regional distribution and also
develops, manufactures and distributes pharmaceutical and non-active disposable
medical products. HELM's business units include
Chemicals Germany, Chemical Liquids, Chemical Solids, Pharma,
Nutrition, Fertilizer and HELM International.
Trading Companies
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
Corporate Family |
Corporate Structure News: |
|
|
|
|
Helm AG |
|
|
|
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Hamburg, Hamburg |
Germany |
Chemical Manufacturing |
7,073.6 |
1,366 |
|
|
Subsidiary |
Point Lisas, Couva |
Trinidad and Tobago |
Chemical Manufacturing |
75.0 |
300 |
|
|
Subsidiary |
Naucalpan De
Juarez, Estado De Mexico |
Mexico |
Miscellaneous Capital Goods |
0.8 |
210 |
|
|
Subsidiary |
Bedfordview |
South Africa |
Chemical Manufacturing |
546.0 |
100 |
|
|
Subsidiary |
Khet Chattuchak, Bangkok |
Thailand |
Food Processing |
514.0 |
100 |
|
|
Subsidiary |
Alcobendas,
Madrid |
Spain |
Chemical Manufacturing |
76.6 |
27 |
|
|
Subsidiary |
Bobadela Lrs, Loures |
Portugal |
Chemical Manufacturing |
29.8 |
25 |
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Chemical Manufacturing |
1,259.4 |
23 |
|
|
Subsidiary |
Puteaux |
France |
Chemical Manufacturing |
153.5 |
2 |
|
|
Subsidiary |
Warsaw |
Poland |
Miscellaneous Capital Goods |
85.6 |
22 |
|
|
Subsidiary |
Memphis, TN |
United States |
Chemical Manufacturing |
4.8 |
20 |
|
|
Subsidiary |
Puteaux |
France |
Chemical Manufacturing |
50.4 |
18 |
|
|
Subsidiary |
Luynes |
France |
Chemical Manufacturing |
19.3 |
10 |
|
|
Subsidiary |
Esentepe,
Istanbul |
Turkey |
Chemical Manufacturing |
150.0 |
16 |
|
|
Subsidiary |
Milano, Milano |
Italy |
Personal and Household Products |
118.2 |
16 |
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Miscellaneous Transportation |
|
15 |
|
|
Subsidiary |
Zaventem |
Belgium |
Chemical Manufacturing |
21.0 |
8 |
|
|
Subsidiary |
Shinjuku-Ku, Tokyo |
Japan |
Chemical Manufacturing |
66.1 |
5 |
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Engineering Consultants |
|
2 |
|
|
Subsidiary |
Wanchai, Wanchai |
Hong Kong |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
SĂ£o
Paulo, SP |
Brazil |
Crops |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Maharashtra |
India |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Alphen Aan Den Rijn, South Holland |
Netherlands |
Personal and Household Products |
|
|
|
|
Subsidiary |
Bogota, Cundinamarca |
Colombia |
Crops |
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual
Profit & Loss
|
|
||||
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period
Length |
12
Months |
12
Months |
12
Months |
|
Filed
Currency |
EUR |
EUR |
EUR |
|
Exchange
Rate (Period Average) |
0.71919 |
0.755078 |
0.719047 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Total income |
7,073.6 |
5,488.8 |
3,777.3 |
|
Raw materials and services |
6,271.5 |
4,775.6 |
3,202.0 |
|
Net sales |
7,073.6 |
5,488.8 |
3,777.3 |
|
Other operating income |
17.1 |
15.3 |
22.6 |
|
Raw materials and consumables employed |
6,271.5 |
4,775.6 |
3,202.0 |
|
Other external charges |
425.4 |
410.6 |
330.5 |
|
Cost of goods sold |
6,697.0 |
5,186.2 |
3,532.5 |
|
Cost of raw materials |
6,697.0 |
5,186.2 |
3,532.5 |
|
Taxes and social security costs |
15.1 |
13.7 |
12.8 |
|
Total payroll costs |
162.5 |
141.5 |
119.6 |
|
Fixed asset depreciation and amortisation |
6.7 |
6.1 |
7.5 |
|
Other operating costs |
154.1 |
133.4 |
119.1 |
|
Net operating income |
147.6 |
103.6 |
80.8 |
|
Interest received from loans |
1.4 |
3.4 |
17.2 |
|
Other income |
4.6 |
2.6 |
5.9 |
|
Interest payable on loans |
13.6 |
11.3 |
12.4 |
|
Other expenses |
5.3 |
- |
- |
|
Total expenses |
-0.8 |
0.0 |
-9.5 |
|
Profit before tax |
148.4 |
103.6 |
90.3 |
|
Provisions |
85.6 |
66.6 |
44.2 |
|
Extraordinary expenses |
- |
0.5 |
- |
|
Extraordinary result |
- |
-0.5 |
- |
|
Other taxes |
1.1 |
0.8 |
0.7 |
|
Total taxation |
39.5 |
29.0 |
24.8 |
|
Net profit |
107.8 |
73.3 |
64.8 |
|
|
|
Annual Balance Sheet |
|
Financials
in: USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed
Currency |
EUR |
EUR |
EUR |
|
Exchange
Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Issued capital |
129.8 |
134.2 |
143.5 |
|
Other reserves |
468.0 |
408.1 |
383.8 |
|
Total reserves |
468.0 |
408.1 |
383.8 |
|
Total stockholders equity |
597.9 |
542.3 |
527.3 |
|
Deferred taxation |
11.0 |
7.8 |
6.3 |
|
Other provisions |
67.6 |
58.1 |
35.0 |
|
Provision for pensions |
1.4 |
1.5 |
2.9 |
|
Provisions and allowances |
80.0 |
67.5 |
45.6 |
|
Other debentures |
38.9 |
2.0 |
2.8 |
|
Trade accounts payable |
- |
0.1 |
- |
|
Total long-term liabilities |
38.9 |
2.1 |
2.8 |
|
Trade creditors |
432.9 |
449.9 |
306.6 |
|
Advances received |
23.7 |
44.6 |
5.6 |
|
Other loans |
427.1 |
472.1 |
220.8 |
|
Taxation and social security |
54.3 |
54.9 |
51.8 |
|
Owing to participants |
27.9 |
1.7 |
1.8 |
|
Total current liabilities |
966.0 |
1,023.1 |
586.6 |
|
Regularisation
account |
- |
3.9 |
0.0 |
|
Total liabilities (including net worth) |
1,685.1 |
1,638.8 |
1,162.3 |
|
Patents |
4.1 |
4.5 |
1.9 |
|
Goodwill |
- |
- |
0.1 |
|
Intangibles |
6.7 |
7.2 |
4.9 |
|
Land and buildings |
29.8 |
30.8 |
32.1 |
|
Machinery and tools |
3.7 |
4.4 |
4.7 |
|
Fixtures and equipment |
29.8 |
30.8 |
32.1 |
|
Fixed assets under construction |
0.8 |
0.8 |
1.0 |
|
Total tangible fixed assets |
42.5 |
44.7 |
46.4 |
|
Long-term investments |
58.5 |
65.6 |
70.1 |
|
Participating interest |
0.2 |
1.0 |
3.5 |
|
Total financial assets |
83.1 |
91.6 |
84.7 |
|
Loans to participants |
2.8 |
2.8 |
- |
|
Total non-current assets |
132.4 |
143.5 |
136.0 |
|
Finished goods |
426.6 |
441.8 |
278.6 |
|
Prepayments |
61.3 |
47.3 |
31.2 |
|
Net stocks and work in progress |
488.0 |
489.1 |
309.8 |
|
Trade debtors |
932.4 |
865.5 |
571.1 |
|
Other receivables |
53.6 |
70.1 |
83.8 |
|
Total receivables |
990.8 |
940.6 |
654.9 |
|
Owing from participants |
4.7 |
5.0 |
0.0 |
|
Cash and liquid assets |
66.6 |
60.3 |
57.7 |
|
Shares in associated companies |
21.6 |
22.2 |
11.0 |
|
Recoverable taxation |
5.6 |
4.2 |
2.6 |
|
Total current assets |
1,545.4 |
1,489.9 |
1,022.5 |
|
Prepaid expenses and deferred costs |
1.7 |
1.2 |
1.2 |
|
Total assets |
1,685.1 |
1,638.8 |
1,162.3 |
|
Annual Ratios |
|
Financials in: USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period
Length |
12
Months |
12
Months |
12
Months |
|
Filed
Currency |
EUR |
EUR |
EUR |
|
Exchange
Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Current ratio |
16.00 |
14.56 |
17.43 |
|
Acid test ratio |
10.95 |
9.78 |
12.15 |
|
Total liabilities to net worth |
0.17% |
0.19% |
0.11% |
|
Net worth to total assets |
0.04% |
0.03% |
0.05% |
|
Current liabilities to net worth |
0.16% |
0.19% |
0.11% |
|
Current liabilities to stock |
0.20% |
0.21% |
0.19% |
|
Fixed assets to net worth |
0.02% |
0.03% |
0.03% |
|
Collection period |
515.00 |
569.00 |
537.00 |
|
Stock turnover rate |
0.74 |
0.88 |
0.80 |
|
Profit margin |
0.00% |
0.00% |
0.00% |
|
Return on assets |
0.01% |
0.01% |
0.01% |
|
Shareholders' return |
0.02% |
0.01% |
0.01% |
|
Sales per employee |
364.94 |
305.87 |
205.76 |
|
Profit per employee |
5.56 |
4.11 |
3.53 |
|
Average wage per employee |
8.38 |
7.88 |
6.52 |
|
Net worth |
597.9 |
542.3 |
527.3 |
|
Number of employees |
1,394 |
1,355 |
1,320 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.72 |
|
|
1 |
Rs.88.60 |
|
Euro |
1 |
Rs.71.34 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.