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Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
HÜTTLIN GMBH |
|
|
|
|
Registered Office : |
Hohe-Flum-Str. 42, D 79650 Schopfheim |
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|
|
|
Country : |
Germany |
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|
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Year of Establishments: |
1993 |
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|
|
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Com. Reg. No.: |
HRB 412315 |
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|
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer of other general-purpose machinery |
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No. of Employees : |
75 |
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
|
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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 – 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 |
Hüttlin GmbH
Hohe-Flum-Str. 42
D 79650 Schopfheim
Telephone: 07622/68840
Telefax:
07627/6884111
Homepage: www.oystar.huettlin.de
E-mail:
M.koehler@oystar.huettlin.de
active
DE811626779
LEGAL FORM Private limited company
Date of foundation: 1993
Shareholders'
agreement: 12.07.1993
Registered on: 14.06.1994
Commercial Register: Local
court 79098 Freiburg
under: HRB
412315
Share capital:
EUR 1,280,000.00
Robert Bosch Gesellschaft mit beschränkter
Haftung
Robert-Bosch-Platz 1
D 70839 Gerlingen
Post Box:
106050, D 70049 Stuttgart
Legal form: Private limited company
Share capital: EUR
1,200,000,000.00
Share: EUR 1,280,000.00
Registered on: 17.07.1917
Reg. data: 70190 Stuttgart, HRB 14000
Profit transfer agreement
Tobias Mühlberg
Staltenstr. 6
D 79650 Schopfheim
born: 11.03.1967
Profession: Businessman
Marital status: married
Manager:
Martin Gross
In der
Haagmatt 7
D 79585
Steinen
having sole
power of representation
born:
18.03.1960
Profession:
Businessman
Marital
status: married
Peter Merimeche
D 79588 Efringen-Kirchen
authorized to jointly represent the company
born: 17.04.1963
Profession: Businessman
Marital status: married
Proxy:
Jörg Ziska
Hans-Vetter-Str. 4
D 79650
Schopfheim
authorized to
jointly represent the company
born:
10.12.1967
Profession:
Businessman
Marital
status: married
Proxy:
Uwe Schmidt
D 79650
Schopfheim
authorized to
jointly represent the company
born:
29.09.1964
24.05.1993 - 14.06.1994
Vermögensverwaltungs-Gesellschaft mbH
Anne
D 77855
Achern
Private
limited company
14.06.1994 - 12.08.1996 Hüttlin
Coating-Technik GmbH
Daimlerstr.
7
D 79585
Steinen
Private
limited company
12.08.1996 - 31.08.2007 Hüttlin
GmbH
Daimlerstr. 7
D 79585
Steinen
Private
limited company
Main industrial
sector
28290 Manufacture of other
general-purpose machinery
Payment experience: within
agreed terms
Negative information: We have
no negative information at hand.
Type of ownership: Tenant
Address Hohe-Flum-Str. 42
D 79650 Schopfheim
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, LÖRRACH
Sort. code: 68080030, BIC: DRESDEFF680
Further bank
COMMERZBANK VORMALS DRESDNER BANK, FREIBURG IM BREISGAU
Sort. code: 68080030, BIC: DRESDEFF680
Financial
year: 01.01. - 31.12.
Turnover: 2011 EUR 29,000,000.00
2012 EUR 29,000,000.00
further
business figures:
Share
capital:
EUR 1,280,000.00
Equipment: EUR 1,900,000.00
Ac/ts
receivable:
EUR 1,312,000.00
Liabilities: EUR 980,000.00
Employees:
75
Profit
transfer agreement to:
Robert Bosch Gesellschaft mit beschränkter
Haftung
Robert-Bosch-Platz 1
D 70839 Gerlingen
Post Box:
106050, D 70049 Stuttgart
The aforementioned business figures may partly be estimated information
based on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.73 |
|
UK Pound |
1 |
Rs.91.82 |
|
Euro |
1 |
Rs.78.23 |
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.