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Report Date : |
24.10.2013 |
IDENTIFICATION DETAILS
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Name : |
HERZOG & HEYMANN GMBH & CO. KG |
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Registered Office : |
Dunlopstr. 47 D 33689 |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
15.05.1949 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
· Manufacture of general-purpose machinery ·
Manufacturer of circular cutters, lacquering
and folding machines. |
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No. of Employees : |
52 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 |
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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 6.5% 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
HERZOG & HEYMANN
GMBH & CO. KG
Company Status: active
Dunlopstr. 47
D 33689 Bielefeld
Post Box:
110355
Telephone:05205/75090
Telefax: 05205/750920
Homepage: www.herzog-heymann.com
E-mail: info@herzog-heymann.com
VAT no.: DE126937481
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date of foundation: 15.05.1949
Registered on: 30.12.1972
Register of
companies: Local court 33602 Bielefeld
under: HRA 9422
Total cap. contribution: EUR 332,339.72
Limited partner:
Maschinenbau Oppenweiler Binder GmbH & Co.
KG
Grabenstr. 4-6
D 71570 Oppenweiler
Post Box:
1169
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 3,383,188.00
contribution:
Share: EUR 332,339.72
Registered on: 10.11.1965
Reg. data: 70190 Stuttgart, HRA 270518
General partner:
BIGRA Graphische Maschinen Gesellschaft mit
beschränkter Haftung
Dunlopstr. 45 + 47
D 33689 Bielefeld
Legal form: Private limited company
Share capital: EUR 25,564.59
Registered on: 13.12.1972
Reg. data: 33602 Bielefeld, HRB 30022
Shareholder:
Maschinenbau Oppenweiler Binder GmbH & Co.
KG
Grabenstr. 4-6
D 71570 Oppenweiler
Post Box:
1169
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 3,383,188.00
contribution:
Share: EUR 25,564.59
Registered on: 10.11.1965
Reg. data: 70190 Stuttgart, HRA 270518
Manager:
Dirk Stühmeier
D 32049 Herford
born: 11.10.1961
Manager:
Frank Eckert
D 78194 Immendingen
born: 18.04.1960
Profession: Management expert
Proxy:
Michael Jörg Alter
D 33689 Bielefeld
authorized to jointly represent the company
born: 03.07.1966
30.12.1972 - 29.06.2005 Herzog & Heymann GmbH & Co.
Dunlopstr. 47
D 33689 Bielefeld
Ltd partnership with priv. ltd. company
as general partner
Main industrial sector
28290 Manufacture of other general-purpose machinery
Manufacturer of circular cutters, lacquering and folding machines.
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
REAL ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Dunlopstr. 47
D 33689 Bielefeld
Real Estate of: BIGRA Graphische Maschinen Gesellschaft mit
beschränkter Haftung
Type of ownership: Tenant
Address Dunlopstr. 45 + 47
D 33689 Bielefeld
Land register documents were not available.
DEUTSCHE BANK, BIELEFELD
Sort. code: 48070020, BIC: DEUTDE3BXXX
COMMERZBANK VORMALS DRESDNER BANK, BIELEFELD
Sort. code: 48080020, BIC: DRESDEFF480
Financial year: 01.01.
- 31.12. 2011
Turnover: EUR 10,000,000.00
Equipment: *EUR 400,000.00
Ac/ts receivable: *EUR 550,000.00
Liabilities: *EUR 1,200,000.00
Employees: 52
- Trainees: 2
The business figures marked with an asterisk are estimates based
on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.53 |
|
|
1 |
Rs.99.75 |
|
Euro |
1 |
Rs.84.75 |
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 |
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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 |
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<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.