MIRA
INFORM REPORT
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Report Date : |
07.09.2013 |
IDENTIFICATION DETAILS
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Name : |
HEIDENPETER GMBH & CO. KG |
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Registered Office : |
Kenkhauser
Strasse 6-8, Wermelskirchen, 42929 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
06.03.2002 |
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Com. Reg. No.: |
HRA22735 |
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Legal Form : |
Private
Independent Company |
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Line of Business : |
·
manufacturer
of machines and equipment for handling hot metals (converters, ingot moulds,
ladles, casting machines manufacturer of metal-rolling mills and rolls for such
mills. |
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No. of Employees : |
25 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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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 |
Company
name & address
Heidenpeter GmbH &
Co. KG
Kenkhauser Strasse
6-8
Wermelskirchen,
42929
Germany
Tel: +49 (0) 2196 2439
Fax: +49 (0) 2196 82671
Synthesis
Employees: 25
Company Type: Private
Independent
Incorporation
Date: 06-Mar-2002
Financials in: USD (Millions)
Fiscal Year End: 31-Dec-2011
Reporting
Currency: Euro
Annual Sales: NA
Total Assets: 1.0
Business
Description
Heidenpeter GmbH
& Co. KG is primarily engaged in manufacture of machines and equipment for
handling hot metals (converters, ingot moulds, ladles, casting machines); and
manufacture of metal-rolling mills and rolls for such mills.
Industry
Industry
Machinery and Equipment Manufacturing
ANZSIC 2006: 2463 - Machine Tool and Parts Manufacturing
ISIC Rev 4: 2823 - Manufacture of machinery for
metallurgy
NACE Rev 2: 2891 - Manufacture of machinery for
metallurgy
NAICS 2012: 333519 - Rolling Mill and Other
Metalworking Machinery Manufacturing
UK SIC 2007: 2891 - Manufacture of machinery for
metallurgy
US SIC 1987: 3544 - Special Dies and Tools, Die Sets,
Jigs and Fixtures, and Industrial Molds
Key
Executives
Name Title
Friedrich
Heidenpeter Managing director
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet
Item Exchange Rate: USD 1 = EUR 0.770327
Corporate
Overview
Location
Kenkhauser
Strasse 6-8
Wermelskirchen,
42929
Germany
Tel: +49 (0) 2196 2439
Fax: +49 (0) 2196 82671
Sales EUR(mil): NA
Assets EUR(mil): 0.8
Employees: 25
Fiscal Year End: 31-Dec-2011
Industry: Miscellaneous
Capital Goods
Incorporation Date: 06-Mar-2002
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(): HRA22735
Parent Registered
No.(UK): DEU
Managing
director: Friedrich
Heidenpeter
Industry Codes
ANZSIC 2006
Codes:
2463 - Machine
Tool and Parts Manufacturing
6999 - Other
Professional, Scientific and Technical Services Not Elsewhere Classified
2499 - Other
Machinery and Equipment Manufacturing Not Elsewhere Classified
2299 - Other
Fabricated Metal Product Manufacturing Not Elsewhere Classified
3499 - Other
Machinery and Equipment Wholesaling Not Elsewhere Classified
ISIC Rev 4 Codes:
2823 - Manufacture
of machinery for metallurgy
4659 - Wholesale
of other machinery and equipment
2829 - Manufacture
of other special-purpose machinery
2593 - Manufacture
of cutlery, hand tools and general hardware
8299 - Other
business support service activities n.e.c.
NACE Rev 2 Codes:
2891 - Manufacture
of machinery for metallurgy
2573 - Manufacture
of tools
8299 - Other
business support service activities n.e.c.
4669 - Wholesale
of other machinery and equipment
2899 - Manufacture
of other special-purpose machinery n.e.c.
NAICS 2012 Codes:
333519 - Rolling
Mill and Other Metalworking Machinery Manufacturing
561990 - All
Other Support Services
333249 - Other
Industrial Machinery Manufacturing
423490 - Other
Professional Equipment and Supplies Merchant Wholesalers
332216 - Saw
Blade and Handtool Manufacturing
US SIC 1987:
3544 - Special
Dies and Tools, Die Sets, Jigs and Fixtures, and Industrial Molds
7389 - Business
Services, Not Elsewhere Classified
3569 - General
Industrial Machinery and Equipment, Not Elsewhere Classified
342 - Cutlery,
Handtools, and General Hardware
508 - Machinery,
Equipment, and Supplies
UK SIC 2007:
2891 - Manufacture
of machinery for metallurgy
2899 - Manufacture
of other special-purpose machinery n.e.c.
4669 - Wholesale
of other machinery and equipment
2573 - Manufacture
of tools
8299 - Other
business support service activities n.e.c.
Business Description
Heidenpeter GmbH
& Co. KG is primarily engaged in manufacture of machines and equipment for
handling hot metals (converters, ingot moulds, ladles, casting machines); and
manufacture of metal-rolling mills and rolls for such mills.
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executive report
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Executives |
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Managing director |
Managing Director |
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Annual
Profit & Loss
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Provisions |
0.0 |
0.0 |
0.0 |
Annual
Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Total reserves |
0.1 |
0.1 |
- |
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Total stockholders equity |
0.2 |
0.2 |
0.0 |
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Deferred taxation |
0.0 |
0.0 |
0.0 |
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Other provisions |
0.0 |
0.0 |
0.0 |
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Provisions and allowances |
0.0 |
0.0 |
0.0 |
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Trade creditors |
0.1 |
0.0 |
0.0 |
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Other loans |
0.4 |
0.3 |
0.3 |
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Taxation and social security |
0.3 |
0.3 |
0.0 |
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Total current liabilities |
0.7 |
0.6 |
0.4 |
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Total liabilities (including net worth) |
1.0 |
0.8 |
0.9 |
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Patents |
0.0 |
0.0 |
0.0 |
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Goodwill |
0.1 |
0.1 |
0.1 |
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Intangibles |
0.1 |
0.1 |
0.1 |
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Machinery and tools |
0.2 |
0.1 |
0.1 |
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Total tangible fixed assets |
0.3 |
0.1 |
0.1 |
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Total non-current assets |
0.3 |
0.2 |
0.2 |
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Finished goods |
0.5 |
0.5 |
0.5 |
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Net stocks and work in progress |
0.5 |
0.5 |
0.5 |
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Trade debtors |
0.1 |
0.1 |
0.2 |
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Other receivables |
0.0 |
0.0 |
0.0 |
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Total receivables |
0.1 |
0.1 |
0.2 |
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Cash and liquid assets |
0.0 |
0.0 |
0.0 |
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Total current assets |
0.6 |
0.6 |
0.7 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
1.0 |
0.8 |
0.9 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Current ratio |
8.50 |
10.43 |
17.90 |
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Acid test ratio |
1.51 |
1.83 |
4.65 |
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Total liabilities to net worth |
0.36% |
0.27% |
1.37% |
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Net worth to total assets |
0.02% |
0.03% |
0.00% |
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Current liabilities to net worth |
0.36% |
0.27% |
1.37% |
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Current liabilities to stock |
0.14% |
0.12% |
0.08% |
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Fixed assets to net worth |
0.17% |
0.10% |
0.83% |
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Net worth |
0.2 |
0.2 |
0.0 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.65.96 |
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UK Pound |
1 |
Rs.102.91 |
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Euro |
1 |
Rs.86.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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---- |
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.