|
Report Date : |
12.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
BLOHM + VOSS INDUSTRIES GMBH |
|
|
|
|
Registered Office : |
Hermann-Blohm-Str. 5 D 20457 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
13.07.1995 |
|
|
|
|
Com. Reg. No.: |
HRB 59220 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of electric motors, generators and transformators |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Undetermined |
|
Payment Behaviour : |
-- |
|
Litigation : |
-- |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 6.5% in 2012. GDP contracted
5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7%
in 2012 - a reflection of low investment spending due to crisis-induced
uncertainty and the decreased demand for German exports from recession-stricken
periphery countries. Stimulus and stabilization efforts initiated in 2008 and
2009 and tax cuts introduced in Chancellor Angela MERKEL''s second term
increased Germany''s total budget deficit - including federal, state, and
municipal - to 4.1% in 2010, but slower spending and higher tax revenues
reduced the deficit to 0.8% in 2011. In 2012 Germany reached a budget surplus
of 0.1%. 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 though the target was already reached in 2012. By 2014, the federal
government wants to balance its budget. 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 electricity generating capacity and 46%
of its base-load electricity production.
|
Source
: CIA |
BLOHM + VOSS INDUSTRIES GMBH
Company Status: dissolved since: 25.05.2012
Hermann-Blohm-Str. 5
D 20457 Hamburg
We cannot give an opinion as to the granting of a credit in this particular
case.
LEGAL FORM Private limited company
Date of foundation: 13.07.1995
Shareholders'
agreement: 13.07.1995
Registered on: 10.08.1995
Commercial Register: Local
court 20355 Hamburg
under: HRB 59220
Share capital:
EUR 10,226,000.00
13.07.1995 - 08.03.1996 Blohm +
Voss Maschinenbau GmbH
Hermann-Blohm-Str. 3
D 20457
Hamburg
Private
limited company
08.03.1996 - 01.10.1997 Blohm +
Voss Industrie GmbH
Hermann-Blohm-Str. 5
D 20457
Hamburg
Private
limited company
02.10.1997 - 04.05.2006 B + V
Industrietechnik GmbH
Hermann-Blohm-Str. 5
D 20457
Hamburg
Private
limited company
22.05.2006 - 05.06.2012 Manager
Martin
Johannsmann
D 21279
Appel
18.05.2005 - 05.06.2012 President
of the Supervisory Board
Dr.
Hans-Christoph Atzpodien
geschäftsansässig
D 20457
Hamburg
14.09.2004 - 05.06.2012 Manager
Dr.-Ing.
Herbert Werner Haidar Aly
D 22607
Hamburg
15.11.2010 - 20.02.2012 Manager
Bernd
Krekeler
D 20095
Hamburg
18.10.2006 - 10.11.2010 Manager
Dominik
Ingo Lucius
D 20095
Hamburg
Main industrial
sector
2711 Manufacture of electric
motors, generators and transformators
Secondary
industrial sector
25120 Manufacture of doors and
windows of metal
25993 Manufacture of metal
products n.e.c.
28990 Manufacture of other
special-purpose machinery n.e.c.
Payment experience: could not be obtained
Negative information: We have
no negative information at hand.
Balance sheet year: 2010/2011
Type of ownership: unknown
Address Hermann-Blohm-Str. 5
D 20457 Hamburg
Land register documents were not available.
No bank connection is maintained.
No full-time employees are employed.
Balance sheet ratios 01.10.2010
- 30.09.2011
Equity ratio [%]: 32.20
Liquidity ratio:
7.96
Return on total capital [%]:
7.05
Balance sheet ratios 01.10.2009
- 30.09.2010
Equity ratio [%]: 25.59
Liquidity ratio: 7.73
Return on total capital [%]:
8.91
Balance sheet ratios 01.10.2008
- 30.09.2009
Equity ratio [%]: 19.96
Liquidity ratio:
7.31
Return on total capital [%]:
6.42
Balance sheet ratios 01.10.2007
- 30.09.2008
Equity ratio [%]: 22.62
Liquidity ratio: 5.51
Return on total capital [%]:
9.57
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: 01.10.2010 - 30.09.2011
ASSETS EUR 92,812,000.00
Fixed assets EUR 11,064,000.00
Intangible assets EUR 472,000.00
Other / unspecified intangible
assetsEUR 472,000.00
Tangible assets EUR 10,279,000.00
Other / unspecified tangible assets EUR
10,279,000.00
Financial assets EUR 313,000.00
Other / unspecified financial assets
EUR 313,000.00
Current assets EUR 81,668,000.00
Stocks EUR 15,405,000.00
Accounts receivable EUR 66,255,000.00
Trade debtors EUR 11,600,000.00
Other debtors and assets EUR 54,655,000.00
Liquid means EUR 8,000.00
Remaining other assets EUR 80,000.00
Accruals (assets) EUR 80,000.00
LIABILITIES EUR 92,812,000.00
Shareholders' equity EUR 30,043,000.00
Capital EUR 10,226,000.00
Subscribed capital (share capital) EUR
10,226,000.00
Reserves EUR 13,516,000.00
Retained earnings / revenue reserves
EUR 13,516,000.00
Balance sheet profit/loss (+/-) EUR 6,301,000.00
Annual surplus / annual deficit EUR 6,301,000.00
Provisions EUR 54,433,000.00
Pension provisions and comparable
provisions EUR 25,706,000.00
Provisions for taxes EUR 3,403,000.00
Other / unspecified provisions EUR 25,324,000.00
Liabilities EUR 8,336,000.00
Other liabilities EUR 8,336,000.00
Trade creditors (for IAS incl. bills
of exchange) EUR 6,668,000.00
Unspecified other liabilities EUR 1,668,000.00
PROFIT
AND LOSS ACCOUNT (cost of sales method) according to Comm.
Code
(HGB)
Sales EUR
88,303,000.00
Manufacturing costs EUR 64,205,000.00
Gross result on sales EUR 24,098,000.00
Distribution costs EUR 12,302,000.00
General administration expenses EUR 6,551,000.00
Other operating income EUR 5,890,000.00
Other operating expenses EUR 2,740,000.00
Operating result from continuing
operations EUR 8,395,000.00
Result from participating interests
(+/-) EUR 624,000.00
Interest result (+/-) EUR -240,000.00
Financial result (+/-) EUR 384,000.00
Result from ordinary operations (+/-) EUR
8,779,000.00
Extraordinary expenses EUR 223,000.00
Extraordinary result (+/-) EUR -223,000.00
Income tax / refund of income tax
(+/-)EUR -2,255,000.00
Tax (+/-) EUR -2,255,000.00
Annual surplus / annual deficit EUR 6,301,000.00
Type
of balance
sheet: Company balance sheet
Financial
year: 01.10.2009 - 30.09.2010
ASSETS EUR 88,618,000.00
Fixed assets EUR 13,158,000.00
Intangible assets EUR 579,000.00
Other / unspecified intangible
assetsEUR 579,000.00
Tangible assets EUR 12,413,000.00
Other / unspecified tangible assets EUR
12,413,000.00
Financial assets EUR 166,000.00
Other / unspecified financial assets
EUR 166,000.00
Current assets EUR 75,372,000.00
Stocks EUR 14,127,000.00
Accounts receivable EUR 61,111,000.00
Trade debtors EUR 15,362,000.00
Other debtors and assets EUR 45,749,000.00
Liquid means EUR 134,000.00
Remaining other assets EUR 88,000.00
Accruals (assets) EUR 88,000.00
LIABILITIES EUR 88,618,000.00
Shareholders' equity EUR 22,897,000.00
Capital EUR 10,226,000.00
Subscribed capital (share capital) EUR
10,226,000.00
Reserves EUR 4,804,000.00
Retained earnings / revenue reserves
EUR 4,804,000.00
Balance sheet profit/loss (+/-) EUR 7,867,000.00
Annual surplus / annual deficit EUR 7,867,000.00
Provisions EUR 57,677,000.00
Pension provisions and comparable
provisions EUR 28,897,000.00
Provisions for taxes EUR 2,490,000.00
Other / unspecified provisions EUR 26,290,000.00
Liabilities EUR 8,044,000.00
Other liabilities EUR 8,044,000.00
Trade creditors (for IAS incl. bills
of exchange) EUR 5,993,000.00
Unspecified other liabilities EUR 2,051,000.00
PROFIT
AND LOSS ACCOUNT (cost of sales method) according to Comm.
Code
(HGB)
Sales EUR 89,763,000.00
Manufacturing costs EUR 60,611,000.00
Gross result on sales EUR 29,152,000.00
Other operating income EUR 4,827,000.00
Other operating expenses EUR 23,455,000.00
Operating result from continuing
operations EUR 10,524,000.00
Result from participating interests
(+/-) EUR 389,000.00
Interest result (+/-) EUR 826,000.00
Financial result (+/-) EUR 1,215,000.00
Result from ordinary operations (+/-) EUR
11,739,000.00
Income tax / refund of income tax
(+/-)EUR -3,872,000.00
Tax (+/-) EUR -3,872,000.00
Annual surplus / annual deficit EUR
7,867,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.92 |
|
|
1 |
Rs.91.80 |
|
Euro |
1 |
Rs.78.18 |
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 |
|
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.