MIRA INFORM REPORT
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Report Date : |
16.09.2013 |
IDENTIFICATION DETAILS
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Name : |
HARRO HOFLIGER VERPACKUNGSMASCHINEN GMBH |
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Registered Office : |
Helmholtzstrasse 4, Allmersbach Im Tal, 71573 |
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Country : |
Germany |
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Date of Incorporation : |
27.06.1979 |
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Com. Reg. No.: |
HRB270490 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
· Subject offers project consultation services and conducts personalised individual training sessions. ·
Subject serves customers in the medical,
pharmaceutical, chemical, foodservice, luxury consumable, and paper and pulp
markets. |
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No. of Employees : |
550 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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.
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Source : CIA |
Company name & address
Harro Höfliger Verpackungsmaschinen GmbH
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Helmholtzstrasse 4 Allmersbach Im Tal, 71573 Germany Tel: 4971915010 Fax: 497191501244
Web: www.hoefliger.de
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Business Description
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Harro Hoefliger Verpackungsmaschinen GmbH specialises in customised engineering solutions in the areas of production and packaging machines. It offers project consultation services and conducts personalised individual training sessions. The company serves customers in the medical, pharmaceutical, chemical, foodservice, luxury consumable, and paper and pulp markets. Established in 1975, it uses web converting, capsule, tablet, inhalation and powder technologies. The company offers cartoning, end packaging and product assembly solutions. It also provides formed film and foil packs and wallet and blister systems for product packing purposes. The company offers product transfer, production monitoring and technical support services. Additionally, it provides assistance with product testing solutions. |
Industry
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Industry |
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ANZSIC 2006: |
2499 -
Other Machinery and Equipment Manufacturing Not Elsewhere Classified |
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ISIC Rev 4: |
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NACE Rev 2: |
2899 -
Manufacture of other special-purpose machinery n.e.c. |
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NAICS 2012: |
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UK SIC 2007: |
2899 -
Manufacture of other special-purpose machinery n.e.c. |
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US SIC 1987: |
Key
Executives
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Registered
No.(Other):
HRB270490
Parent Registered
No.(UK):
DEU
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.770327
Corporate Overview
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Competitors Report
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Company Name |
Location |
Employees |
Ownership |
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McKesson Corporation |
San Francisco, California, United States |
43,500 |
Public |
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RENA GmbH |
Gütenbach, Baden-Württemberg, Germany |
1,007 |
Private |
Executive report
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.79 |
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UK Pound |
1 |
Rs.100.70 |
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Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
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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 |
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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.