|
Report Date : |
15.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
HELL GRAVURE SYSTEMS GMBH & CO. KG |
|
|
|
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Registered Office : |
Philipp-Reis-Weg 5, D 24148 Kiel, Post Box 6005, D 24111 Kiel |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2009 |
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|
|
|
Date of Incorporation : |
21.02.1997 |
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|
|
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Com. Reg. No.: |
HRA 5497 KI |
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|
|
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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|
|
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Line of Business : |
Manufacturer of other general-purpose machinery |
|
|
|
|
No. of Employees : |
121 |
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 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 |
HELL Gravure Systems GmbH & Co. KG
Philipp-Reis-Weg 5
D 24148 Kiel
Post Box: 6005, D
24111 Kiel
Telephone: 0431/2377-0
Telefax: 0431/2377-1235
Homepage: www.hell-gravure-systems.com
E-mail: info@hell-gravuren-systems.com
DE812178712
19 296 02991
active
Business relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd. company as general
partner
Date of foundation: 21.02.1997
Begin of business
activities: 21.02.1997
Registered on: 21.12.2006
Register of
companies: Local court 24114 Kiel
under: HRA 5497 KI
Total cap.
contribution: EUR 2,000,000.00
Heliograph Holding GmbH
Konrad-Zuse-Bogen 18
D 82152 Krailling
Legal form: Private limited company
Share capital: EUR 200,000.00
Share: EUR 2,000,000.00
Registered on: 19.12.2008
Reg. data: 80333 München, HRB 176787
Hell Gravure Beteiligungs GmbH
Philipp-Reis-Weg 5
D 24148 Kiel
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 08.09.2006
Reg. data: 24114 Kiel, HRB 8368 KI
Maximilian (gen. Max) Rid
Krennerweg 18
D 81479 München
born: 21.08.1961
Share: EUR 25,000.00
Dr. Jörg Pohé
D 24649 Fuhlendorf
having sole power of representation
born: 23.07.1963
Marital status: married
Horst Bick
D 23758 Oldenburg
authorized to jointly represent the company
born: 05.12.1960
Profession: Fully qualified Economist
Proxy:
Burghard Michaelis
D 24582 Bordesholm
authorized to jointly represent the company
born: 23.06.1956
Proxy:
Bernd Gustav Lübcke
D 24340 Eckernförde
authorized to jointly represent the company
born: 29.04.1953
21.02.1997 - 12.06.2002
HELL Gravure Systems Gesellschaft mit
beschränkter Haftung
Dr.-Hell-Str.
D
24107 Kiel
Private limited company
04.10.2006 - 03.01.2007
HELL Gravure Systems Gesellschaft mit
beschränkter Haftung
Philipp-Reis-Weg 5
D
24148 Kiel
Private limited company
24.05.2011 - 26.02.2013
HELL Gravure Systems GmbH & Co. KG
Philipp-Reis-Weg 5
D
24148 Kiel
Ltd partnership with priv. ltd. company
as
general partner
Main industrial
sector
28290 Manufacture of other general-purpose machinery
Secondary
industrial sector
96090 Other service
activities n. e. c.
Shareholder:
GTC
electronic GmbH
Schwanenweg 26
D 24235
Laboe
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,600.00
Share: EUR 25,600.00
Reg. data: 13.09.1990
Local court 24114 Kiel
HRB 1918 PL
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2009
Type of ownership: Tenant
Address Philipp-Reis-Weg 5
D 24148 Kiel
Real Estate of: Hell Gravure Beteiligungs GmbH
Type of ownership: Tenant
Address Philipp-Reis-Weg
5
D 24148 Kiel
Land register documents were not available.
Principal bank
COMMERZBANK, KIEL
Sort. code: 21040010, BIC: COBADEFF210
Further bank
DEUTSCHE BANK, KIEL
Sort. code: 21070020, BIC: DEUTDEHH210
Turnover: 2011 EUR 32,000,000.00
2012 EUR 32,500,000.00
further business figures:
Equipment: EUR 598,430.00
Ac/ts receivable: EUR 11,323,581.00
Liabilities: EUR 3,680,510.00
Employees:
121
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 42.65
Liquidity ratio: 9.35
Return on total capital [%]: 12.25
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 47.28
Liquidity ratio: 10.00
Return on total capital [%]: 25.89
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 36.02
Liquidity ratio: 4.90
Return on total capital [%]: 40.14
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: 01.01.2009 - 31.12.2009
ASSETS EUR 24,283,758.32
Fixed assets
EUR 1,998,653.62
Intangible assets
EUR 392,610.33
Concessions, licences, rights
EUR 392,610.33
Tangible assets
EUR 751,108.90
Land / similar rights
EUR 78,265.33
Plant / machinery
EUR 71,766.01
Other tangible assets / fixtures and
fittings EUR 598,430.36
Advance payments made / construction
in progress
EUR 2,647.20
Financial assets
EUR 854,934.39
Shares in participations /
subsidiaries and the like
EUR 854,934.39
Shares in related companies
EUR 846,934.39
Shares in investee companies
EUR 8,000.00
Current assets
EUR 22,277,790.82
Stocks EUR 8,485,356.54
Raw materials, consumables and
supplies
EUR 4,014,167.79
Finished goods / work in progress
EUR 6,493,245.06
Advance payments made
EUR 61,556.82
Minus received advance payments for
orders / installments for stocks
EUR -2,083,613.13
Accounts receivable
EUR 11,323,581.58
Trade debtors EUR 8,625,641.48
Amounts due from related companies
EUR 1,826,339.30
Amounts due from investee companies
EUR 54,265.56
Other debtors and assets
EUR 817,335.24
Liquid means EUR 2,468,852.70
Remaining other assets
EUR 7,313.88
Accruals (assets)
EUR 7,313.88
LIABILITIES EUR 24,283,758.32
Shareholders' equity
EUR 10,469,567.27
Capital
EUR 5,969,567.27
Capital of the fully liable partner
(LP, general partnership)
EUR 28,309.85
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder
EUR 28,309.85
Limited partner's capital / capital
of partially liable partner (LP)
EUR 5,941,257.42
Reserves EUR 4,500,000.00
Provisions
EUR 10,111,734.92
Pension provisions and comparable
provisions
EUR 4,908,169.00
Provisions for taxes
EUR 528,390.00
Other / unspecified provisions
EUR 4,675,175.92
Liabilities
EUR 3,680,510.26
Other liabilities
EUR 3,680,510.26
Trade creditors (for IAS incl. bills
of exchange)
EUR 759,958.83
Liabilities due to shareholders
EUR 0.00
Liabililties due to related companiesEUR 108,582.62
Liabilities due to investee companiesEUR 705.60
Unspecified other liabilities
EUR 2,811,263.21
thereof liabilities from tax /
financial authorities
EUR 119,993.80
Other liabilities
EUR 21,945.87
Deferrals
(liabilities) EUR 21,945.87
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 31,975,369.76
Inventory change + own costs (+/-)
EUR -1,959,606.59
Inventory change (+/-)
EUR -1,976,630.59
Capitalised own costs
EUR 17,024.00
Other operating income
EUR 1,157,650.96
Cost of materials EUR 11,322,700.97
Raw materials and supplies, purchased
goods
EUR 11,322,700.97
Gross result (+/-)
EUR 19,850,713.16
Staff expenses
EUR 10,019,359.84
Wages and salaries
EUR 8,475,059.94
Social security contributions and
expenses for pension plans and
benefits
EUR 1,544,299.90
Total depreciation EUR 462,988.74
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 462,988.74
Other operating expenses
EUR 5,784,420.89
Operating result from continuing
operations
EUR 3,583,943.69
Interest result (+/-)
EUR -106,423.04
Interest and similar income
EUR 70,236.47
Interest and similar expenses
EUR 176,659.51
Financial result (+/-)
EUR -106,423.04
Result from ordinary operations (+/-)
EUR 3,477,520.65
Income tax / refund of income tax (+/-)EUR -528,570.00
Other taxes / refund of taxes
EUR 1,658.17
Tax
(+/-)
EUR -526,911.83
Annual surplus / annual deficit
EUR 2,950,608.82
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 21,136,741.95
Fixed assets
EUR 1,942,613.32
Intangible assets
EUR 102,476.83
Concessions, licences, rights
EUR 102,476.83
Tangible assets
EUR 928,620.43
Land / similar rights
EUR 111,407.08
Plant / machinery
EUR 89,253.06
Other
tangible assets / fixtures and
fittings
EUR 718,386.52
Advance payments made / construction
in progress
EUR 9,573.77
Financial assets
EUR 911,516.06
Shares in participations /
subsidiaries and the like
EUR 911,516.06
Shares in related companies
EUR 903,516.06
Shares in investee companies
EUR 8,000.00
Current assets EUR 19,149,586.82
Stocks
EUR 10,237,368.66
Raw materials, consumables and
supplies
EUR 3,649,616.65
Finished goods / work in progress
EUR 8,654,134.44
Advance payments made
EUR 19,100.00
Minus received advance payments for
orders / installments for stocks
EUR -2,085,482.43
Accounts receivable EUR 7,591,840.20
Trade debtors
EUR 6,239,586.82
Amounts due from related companies
EUR 453,975.78
Amounts due from investee companies
EUR 116,229.66
Other debtors and assets
EUR 782,047.94
Liquid means
EUR 1,320,377.96
Remaining other assets
EUR 44,541.81
Accruals (assets)
EUR 44,541.81
LIABILITIES EUR 21,136,741.95
Shareholders' equity
EUR 7,520,342.71
Capital
EUR 3,020,342.71
Capital of the fully liable partner
(LP, general partnership)
EUR 26,129.25
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder
EUR 26,129.25
Limited partner's capital / capital
of partially liable partner (LP)
EUR 2,994,213.46
Reserves
EUR 4,500,000.00
Provisions
EUR 9,832,713.34
Pension provisions and comparable
provisions
EUR 4,737,250.00
Provisions for taxes
EUR 740,294.00
Other / unspecified provisions
EUR 4,355,169.34
Liabilities
EUR 3,763,418.68
Other liabilities
EUR 3,763,418.68
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,059,860.06
Liabilities due to shareholders
EUR 2,500,694.44
Unspecified other liabilities
EUR 202,864.18
thereof liabilities from tax /
financial authorities
EUR 127,905.94
Other liabilities
EUR 20,267.22
Deferrals (liabilities)
EUR 20,267.22
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales
EUR 35,893,733.49
Inventory change + own costs (+/-)
EUR 467,548.97
Inventory change (+/-)
EUR 455,988.97
Capitalised own costs
EUR 11,560.00
Other operating income
EUR 851,316.33
Cost of materials
EUR 11,504,435.19
Raw materials and supplies, purchased
goods
EUR 11,504,435.19
Gross result (+/-)
EUR 25,708,163.60
Staff expenses
EUR 9,853,483.23
Wages and salaries
EUR 8,256,116.28
Social security contributions and
expenses for pension plans and
benefits
EUR 1,597,366.95
Total depreciation
EUR 465,256.05
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 465,256.05
Other operating expenses
EUR 8,992,390.25
Operating result from continuing
operations
EUR 6,397,034.07
Interest result (+/-)
EUR 37,505.64
Interest and similar income
EUR 110,689.46
Interest and similar expenses
EUR 73,183.82
Financial result (+/-) EUR 37,505.64
Result from ordinary operations (+/-)
EUR 6,434,539.71
Income tax / refund of income tax (+/-)EUR -976,182.00
Tax
(+/-)
EUR -976,182.00
Annual surplus / annual deficit
EUR 5,458,357.71
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.74 |
|
UK Pound |
1 |
Rs.90.64 |
|
Euro |
1 |
Rs.77.02 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.