|
Report Date : |
20.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
REEDEREI HINSCH GMBH & CO. KG |
|
|
|
|
Registered Office : |
Rudolf-Diesel-Str. 2 D 21614 Buxtehude |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
10.11.2005 |
|
|
|
|
Legal Form : |
Ltd partnership |
|
|
|
|
Line of Business : |
Subject is engaged in support activities incidental to
water transportation |
|
|
|
|
No. of Employees : |
200 |
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
REEDEREI HINSCH GMBH
& CO. KG
Company Status: active
Rudolf-Diesel-Str. 2
D 21614 Buxtehude
Telephone:04161/595349
Telefax: 04161/597026
Homepage: www.reederei-hinsch.de
E-mail: info@reederei-hinsch.de
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Registered on: 10.11.2005
Register of
companies: Local court 21255 Tostedt
under: HRA 200097
Total cap. contribution: EUR 25,250.00
Limited partner:
Peter Hinsch
D 21614 Buxtehude
born: 13.11.1967
Share: EUR 22,500.00
Limited partner:
Frank Fenzl
D 20095 Hamburg
born: 30.08.1967
Share: EUR 2,500.00
Limited partner:
Heike Hinsch
Spindelkamp 24
D 21614 Buxtehude
née: Stölzel
Share: EUR 250.00
General partner:
Hinsch Verwaltungs GmbH
Konsul-Smidt-Str. 8t
D 28217 Bremen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 14.11.2013
Reg. data: 28195 Bremen, HRB 29089 HB
Shareholder:
Peter Hinsch
D 21614 Buxtehude
born: 13.11.1967
Share: EUR 10,000.00
Shareholder:
Michaela Böttcher
Bisselhofstr. 19
D 27389 Stemmen
born: 08.05.1971
née: Hinsch
Share: EUR 7,500.00
Shareholder:
Frank Fenzl
D 20095 Hamburg
born: 30.08.1967
Share: EUR 7,500.00
Manager:
Peter Hinsch
D 21614 Buxtehude
having sole power of representation
born: 13.11.1967
Profession: Captain
General partner:
Reederei Hinsch Verwaltungs UG
(haftungsbeschränkt)
Rudolf-Diesel-Str. 2
D 21614 Buxtehude
Legal form: Entrepreneur Company (limited
liability)
Share capital: EUR 1,000.00
Registered on: 19.09.2013
Reg. data: 21255 Tostedt, HRB 204106
Shareholder:
Peter Hinsch
D 21614 Buxtehude
born: 13.11.1967
Share: EUR 500.00
Shareholder:
Frank Fenzl
D 20095 Hamburg
born: 30.08.1967
Share: EUR 500.00
Manager:
Peter Hinsch
D 21614 Buxtehude
having sole power of representation
born: 13.11.1967
Profession: Captain
Manager:
Frank Fenzl
D 20095 Hamburg
having sole power of representation
born: 30.08.1967
Further functions/participations of Hinsch Verwaltungs GmbH
(General partner)
General partner:
Novitas-H Zehnte R.S.T.
Schiffahrtsgesellschaft mbH & Co. KG
Rudolf-Diesel-Str. 2
D 21614 Buxtehude
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 1,615,000.00
contribution:
Registered
on: 27.09.2012
Reg. data: 21255 Tostedt, HRA 202292
General partner:
"MS Veritas - H. Hinsch Schiffahrts GmbH &
Co. KG"
Hauptstr. 22
D 21614 Buxtehude
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 3,650,000.00
contribution:
Registered
on: 08.02.1995
Reg. data: 21255 Tostedt, HRA 120625
Shareholder:
HBT Hamburg Bulk Transport Verwaltungs GmbH
Banksstr. 28
D 20097 Hamburg
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 11,250.00
Registered
on: 21.12.2010
Reg. data: 20355 Hamburg, HRB 116408
10.11.2005 - 14.09.2011 Reederei Hinsch GmbH & Co. KG
Hauptstr. 22
D 21614 Buxtehude
Ltd partnership with priv. ltd. company
as general partner
Main industrial sector
5222 Other support activities incidental to water transportation
Limited partner:
Hinsch Bereederung GmbH & Co. KG
Rudolf-Diesel-Str. 2
D 21614 Buxtehude
Legal form: Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total cap. EUR 80,000.00
contribution:
Share: EUR 44,000.00
Reg. data: 27.11.2007
Local court 21255 Tostedt
HRA 200827
Limited partner:
UMS Schifffahrts GmbH & Co. KG
Rudolf-Diesel-Str. 2
D 21614 Buxtehude
Legal form: Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total cap. EUR 6,275,000.00
contribution:
Share: EUR 25,000.00
Reg. data: 27.07.2009
Local court 21255 Tostedt
HRA 201407
Limited partner:
MS "Jackeline-H" Hinsch Schifffahrt GmbH &
Co. KG
Rudolf-Diesel-Str. 2
D 21614 Buxtehude
Legal form: Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total cap. EUR 20,000.00
contribution:
Share: EUR 5,000.00
Reg. data: 08.02.2006
Local court 21255 Tostedt
HRA 200203
Limited partner:
Novitas-H Zehnte R.S.T.
Schiffahrtsgesellschaft mbH & Co. KG
Rudolf-Diesel-Str. 2
D 21614 Buxtehude
Legal form: Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total cap. EUR 1,615,000.00
contribution:
Share: EUR 2,500.00
Reg. data: 27.09.2012
Local court 21255 Tostedt
HRA 202292
Limited partner:
HBT Hamburg Bulk Transport Schifffahrts GmbH
& Co. KG
Banksstr. 28
D 20097 Hamburg
Legal form: Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total cap. EUR 9,000.00
contribution:
Share: EUR 1,000.00
Reg. data: 23.12.2010
Local court 20355 Hamburg
HRA 112497
Shareholder:
H & H Beteiligungs GmbH
Rudolf-Diesel-Str. 2
D 21614 Buxtehude
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Reg. data: 22.08.2006
Local court 21255 Tostedt
HRB 200465
Payment experience: within agreed terms
Negative information:We have no negative information at hand.
BALANCE SHEET
YEAR: 2011
Type of ownership: Tenant
Address Rudolf-Diesel-Str. 2
21614 Buxtehude
Real Estate of: Hinsch Verwaltungs GmbH
Type of ownership: Tenant
Address onsul-Smidt-Str. 8t
D 28217 Bremen
Real Estate of: Reederei Hinsch Verwaltungs UG
(haftungsbeschränkt)
Type of ownership: Tenant
Address Rudolf-Diesel-Str. 2
D 21614 Buxtehude
Land register documents were not available.
BREMER LANDESBANK, BREMEN
Sort. code: 29050000, BIC: BRLADE22XXX
KREISSPARKASSE STADE, STADE, NIEDERELBE
Sort. code: 24151116, BIC: NOLADE21STK
Turnover: 2011 *EUR 37,000,000.00
2012 *EUR 37,000,000.00
further business figures:
Equipment: *EUR 2,000,000.00
Ac/ts receivable: EUR 41,600.00
Liabilities: EUR 83,559.00
Employees: 200
The business figures marked with an asterisk are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 78.65
Liquidity ratio: 0.90
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 82.81
Liquidity ratio: 7.56
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 91.99
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 40.28
Liquidity ratio: 0.91
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 407,078.08
Fixed assets EUR 325,776.51
Tangible assets EUR 166,525.51
Other / unspecified tangible assets EUR 166,525.51
Financial assets EUR 159,251.00
Other / unspecified financial assets EUR 159,251.00
Current assets EUR 79,138.64
Accounts receivable EUR 41,599.78
Other debtors and assets EUR 41,599.78
Liquid means EUR 37,538.86
Remaining other assets EUR 2,162.93
Accruals (assets) EUR 2,162.93
LIABILITIES EUR 407,078.08
Shareholders' equity EUR 320,173.20
Capital EUR 320,173.20
Limited partner's capital / capital
of partially liable partner (LP) EUR 320,173.20
Provisions EUR 750.00
Liabilities EUR 83,559.30
Other liabilities EUR 83,559.30
Unspecified other liabilities EUR 83,559.30
Other liabilities EUR 2,595.58
Deferrals (liabilities) EUR 2,595.58
Type of balance sheet:
Company balance sheet
Financial year: 01.01.2010 -
31.12.2010
ASSETS EUR 408,078.25
Fixed assets EUR 298,874.51
Tangible assets EUR 164,123.51
Other / unspecified tangible assets EUR 164,123.51
Financial assets EUR 134,751.00
Other / unspecified financial assets EUR 134,751.00
Current assets EUR 108,604.38
Accounts receivable EUR 45,193.72
Other debtors and assets EUR 45,193.72
Liquid means EUR 63,410.66
Remaining other assets EUR 599.36
Accruals (assets) EUR 599.36
LIABILITIES EUR 408,078.25
Shareholders' equity EUR 337,942.84
Capital EUR 337,942.84
Limited partner's capital / capital
of partially liable partner (LP) EUR 337,942.84
Provisions EUR 750.00
Liabilities EUR 69,385.41
Other liabilities EUR 69,385.41
Unspecified other liabilities EUR 69,385.41
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.23 |
|
|
1 |
Rs.100.18 |
|
Euro |
1 |
Rs.84.06 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.