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Report Date : |
11.02.2013 |
IDENTIFICATION DETAILS
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Name : |
GUSTAV HEESS GMBH & CO. KG |
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Registered Office : |
Wernerstr. 83 D 70469 Stuttgart Post Box 30 05 09, D 70445 Stuttgart |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
1897 |
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Com. Reg. No.: |
HRA 169 |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
Wholesale of petroleum products |
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No. of Employees : |
30 |
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 (31.03.2012) |
Current Rating (30.06.2012) |
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Germany |
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 |
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.
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Source : CIA |
GUSTAV HEESS GMBH & CO. KG
Company Status: active
Wernerstr. 83
D 70469 Stuttgart
Post Box:
30 05 09, D 70445 Stuttgart
Telephone:0711/8149000
Telefax: 0711/8149009
Homepage: www.heess.de
E-mail: verkauf@heess.de
VAT no.: DE147829001
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date of foundation: 1897
Registered on: 10.02.2005
Register of
companies: Local court 70190 Stuttgart
under: HRA 169
Total cap. contribution:
EUR 155,000.00
Limited partner:
Boris Zastrow
Rebenreute 42
D 70199
Stuttgart
born: 29.03.1965
Share: EUR 62,000.00
Limited partner:
Alexander
Zastrow
Alexanderstr.
23/1
D 70184
Stuttgart
born: 16.08.1969
Share: EUR 62,000.00
Limited partner:
Edgar Zastrow
D 70469
Stuttgart
Share: EUR 31,000.00
General partner:
Gustav Heess Oleochemische
Erzeugnisse GmbH
Wernerstr. 83
D 70469
Stuttgart
Legal form:
Private limited company
Share
capital: EUR 1,700,000.00
Registered
on: 23.11.1972
Reg. data:
70190 Stuttgart, HRB 5001
Shareholder:
Boris Zastrow
Rebenreute 42
D 70199
Stuttgart
born: 29.03.1965
Share: EUR 535,500.00
Shareholder:
Alexander
Zastrow
Alexanderstr.
23/1
D 70184
Stuttgart
born:
16.08.1969
Share: EUR 535,500.00
Shareholder:
Dr. Edgar
Zastrow
Felix-Dahn-Str. 64b
D 70597
Stuttgart
born:
16.12.1934
Share: EUR 272,000.00
Shareholder:
Lisa-Marie
Käser
Am Oberen
Berg 7
D 70597
Stuttgart
Share: EUR 178,500.00
Shareholder:
Elena-Laura Käser
Am Oberen
Berg 7
D 70597
Stuttgart
Share: EUR 178,500.00
Manager:
Boris Zastrow
Rebenreute 42
D 70199 Stuttgart
having sole
power of representation
born:
29.03.1965
Profession:
Businessman
Manager:
Alexander
Zastrow
Alexanderstr.
23/1
D 70184
Stuttgart
having sole
power of representation
born:
16.08.1969
Profession:
Businessman
1897 - 05.11.1999 Gustav
Heess KG
Westbahnhof 81
D 70197
Stuttgart
Limited
partnership
06.11.1999 - 10.02.2005 Gustav
Heess KG
Wernerstr. 83
D 70469
Stuttgart
Limited partnership
Sectors
46712 Wholesale of petroleum
products
Limited partner:
Z-Bau
Immobilien GmbH & Co. KG
Emil-Riedl-Weg 6
D 82049 Pullach
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Company
Status: active
Total
cap. EUR 10,000.00
contribution:
Share: EUR 10,000.00
Reg.
data: 30.12.2011
Local court 80797 München
HRA 98326
Payment experience: within periods customary in this trade
Negative information: We have
no negative information at hand.
Balance sheet year: 2011
Type of ownership: proprietor
Share: 100.00 %
Address Wernerstr. 83
D 70469 Stuttgart
Land register documents were not available.
COMMERZBANK, STUTTGART
Sort. code: 60040071, BIC: COBADEFF600
DEUTSCHE BANK, STUTTGART
Sort. code: 60070070, BIC: DEUTDESSXXX
COMMERZBANK VORMALS DRESDNER BANK, STUTTGART
Sort. code: 60080000, BIC: DRESDEFF600
BADEN-WÜRTTEMBERGISCHE BANK, STUTTGART
Sort. code: 60020030, BIC: SOLADEST601
Turnover: 2011 EUR 6,900,000.00
Ac/ts receivable:
EUR 1,201,913.00
Liabilities:
EUR 3,296,005.00
Employees:
30
The aforementioned business figures may partly be estimated information
based on average values in the line of business.
Balance sheet ratios 01.01.2011
- 31.12.2011
Equity ratio [%]: 16.29
Liquidity ratio:
0.36
Balance sheet ratios 01.01.2010
- 31.12.2010
Equity ratio [%]: 17.45
Liquidity ratio:
0.36
Balance sheet ratios 01.01.2009
- 31.12.2009
Equity ratio [%]: 11.62
Liquidity ratio:
0.05
Balance sheet ratios 01.01.2008
- 31.12.2008
Equity ratio [%]: 22.17
Liquidity ratio:
0.13
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: 01.01.2011 - 31.12.2011
ASSETS EUR 4,745,780.00
Fixed assets EUR 3,472,147.96
Intangible assets EUR 1,583,013.00
Other / unspecified intangible
assetsEUR 1,583,013.00
Tangible assets EUR 114,565.00
Other / unspecified tangible assets EUR
114,565.00
Financial assets EUR 1,774,569.96
Other / unspecified financial assets
EUR 1,774,569.96
Current assets EUR 1,201,913.26
Accounts receivable EUR 1,201,913.26
Other debtors and assets EUR 1,201,913.26
Remaining other assets EUR 71,718.78
Accruals (assets) EUR 71,718.78
LIABILITIES EUR 4,745,780.00
Shareholders' equity EUR 155,000.00
Capital EUR 155,000.00
Capital of the fully liable partner
(LP, general partnership) EUR 155,000.00
Fixed capital / accounts, capital
account I EUR 155,000.00
Items between shareholders' equity and
debt capital EUR 1,280,775.15
Mezzanine financing EUR 1,280,775.15
Shareholder loans similar to capital
EUR 1,280,775.15
Provisions EUR 14,000.00
Liabilities EUR 3,296,004.85
Other liabilities EUR 3,296,004.85
Unspecified other liabilities EUR 3,296,004.85
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 7,634,435.15
Fixed assets EUR 5,711,080.27
Intangible assets EUR 1,785,754.10
Other / unspecified intangible
assetsEUR 1,785,754.10
Tangible assets EUR 2,956,479.02
Other / unspecified tangible assets EUR
2,956,479.02
Financial assets EUR 968,847.15
Other / unspecified financial assets
EUR 968,847.15
Current assets EUR 1,923,354.88
Accounts receivable EUR 1,923,354.88
Other debtors and assets EUR 1,923,354.88
LIABILITIES EUR 7,634,435.15
Shareholders' equity EUR 155,000.00
Capital EUR 155,000.00
Capital of the fully liable partner
(LP, general partnership) EUR 155,000.00
Fixed capital / accounts, capital
account I EUR 155,000.00
Items between shareholders' equity and
debt capital EUR 1,914,234.91
Mezzanine financing EUR 1,914,234.91
Shareholder loans similar to capital EUR 1,914,234.91
Provisions EUR 188,727.00
Liabilities EUR 5,376,473.24
Other liabilities EUR 5,376,473.24
Unspecified other liabilities EUR 5,376,473.24
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.57 |
|
|
1 |
Rs.84.25 |
|
Euro |
1 |
Rs.71.78 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
|
<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.