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Report Date : |
05.04.2014 |
IDENTIFICATION DETAILS
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Name : |
HALFEN INTERNATIONAL GMBH |
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Registered Office : |
Liebigstr. 14, D 40764 Langenfeld |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
16.10.1984 |
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Com. Reg. No.: |
HRB 46115 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Agents
involved in the sale of iron, metal and plastic goods ·
Wholesaler
of hardware, plumbing and heating equipment & supplies ·
Activities
of holding companies ·
Activities
of head offices Subject product range includes : ·
Fixing Systems ·
Reinforcement Systems ·
Lifting Systems ·
Concrete Facade ·
Brickwork ·
Natural Stone Systems ·
Rod Systems ·
Assembly Technology ·
Powerclick ·
Screws, Accessories |
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|
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No. of Employees |
05 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
---- |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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, has
contributed to strong growth 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 5.3% in 2013. The new German
government introduced a minimum wage of $11 per hour to take effect in 2015.
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 and
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. 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 |
HALFEN
International GmbH
Liebigstr. 14
D 40764 Langenfeld
Telephone: 02173/9700
Telefax:
02173/970123
Homepage: www.halfen.de
E-mail:
info@halfen.de
active
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 16.10.1984
Shareholders'
agreement: 16.10.1984
Registered on: 11.09.1996
Commercial Register: Local court 40227 Düsseldorf
under: HRB
46115
Share capital: EUR 38,346.89
HALFEN GmbH
Liebigstr. 14
D 40764 Langenfeld
Legal form: Private limited company
Share capital: EUR 26,000.00
Share: EUR 38,346.89
Registered on: 08.12.2006
Reg. data: 40227 Düsseldorf, HRB 55272
Stefan Kurt Nimz
D 53111 Bonn
born: 16.08.1958
Profession: Businessman
Marital status: unknown
Manager:
Richard Wachter
D 51377 Leverkusen
born: 18.09.1961
Further
functions/participations of Stefan Kurt Nimz (Manager)
Manager:
HALFEN Vertriebsgesellschaft mbH
Katzbergstr. 3
D 40764 Langenfeld
Legal form: Private limited company
Share capital: EUR 30,000.00
Registered
on:
11.02.2012
Reg. data:
40227 Düsseldorf, HRB 67326
President
of the Board of Directors:
Thermo Shield Europa AG
Wackenbergstr. 78-82
D 13156 Berlin
Legal form: Public limited company insolvent
Share capital: EUR 360,000.00
Registered
on:
29.03.2001
Reg. data:
14057 Berlin, HRB 79530
Proxy:
HALFEN GmbH
Liebigstr. 14
D 40764 Langenfeld
Legal form: Private limited company
Share capital: EUR 26,000.00
Registered
on:
08.12.2006
Reg. data:
40227 Düsseldorf, HRB 55272
Further
functions/participations of Richard Wachter (Manager)
Manager:
HALFEN
Vertriebsgesellschaft mbH
Katzbergstr. 3
D 40764 Langenfeld
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 11.02.2012
Reg. data: 40227 Düsseldorf, HRB 67326
Manager:
HALFEN GmbH
Liebigstr. 14
D 40764 Langenfeld
Legal form: Private
limited company
Share capital: EUR
26,000.00
Registered
on: 08.12.2006
Reg. data: 40227 Düsseldorf, HRB 55272
Manager:
WMW Messe- und Werbe-
GmbH
Liebigstr. 14
D 40764 Langenfeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 12.03.2012
Reg. data: 40227 Düsseldorf, HRB 67533
Proxy:
HALFEN Grundbesitz GmbH
& Co. KG
Theodorstr. 297
D 40472 Düsseldorf
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,000.00
contribution:
Registered
on: 30.08.2006
Reg. data: 40227 Düsseldorf, HRA 18882
11.09.1996 - 25.05.2012 Halfeneisen GmbH
Liebigstr. 14
D 40764 Langenfeld
Private limited
company
Main industrial sector
·
46154 Agents involved in the sale of iron, metal
and plastic goods n.e.c.
·
4674 Wholesaler of hardware, plumbing and
heating equipment & supplies
·
64200 Activities of holding companies
·
7010 Activities of head offices
Subject product range includes :
·
Fixing Systems
·
Reinforcement Systems
·
Lifting Systems
·
Concrete Facade
·
Brickwork
·
Natural Stone Systems
·
Rod Systems
·
Assembly Technology
·
Powerclick
·
Screws, Accessories
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Liebigstr.
14
D 40764 Langenfeld
Real Estate of: HALFEN
GmbH
Type of ownership: Tenant
Address Liebigstr.
14
D 40764 Langenfeld
Land register documents were not
available.
COMMERZBANK, 40002 DÜSSELDORF
Sort. code: 30040000
BIC: COBADEDDXXX
DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN,
40189 DÜSSELDORF
Sort. code: 30070024
BIC: DEUTDEDBDUE
Turnover: 2012 EUR 825,000.00
2013 *EUR 825,000.00
further business figures:
Equipment: EUR 15,881,114.00
Ac/ts receivable: EUR 22,244.00
Liabilities: EUR 2,402,703.00
Employees: 5
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 85.05
Liquidity ratio: 0.01
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 84.87
Liquidity ratio: 0.01
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 84.85
Liquidity ratio: 0.01
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 84.86
Liquidity ratio: 0.01
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: 01.01.2012 - 31.12.2012
ASSETS EUR 15,903,357.68
Fixed assets
EUR 15,881,113.88
Financial assets
EUR 15,881,113.88
Shares in participations /
subsidiaries and the like
EUR 15,881,113.88
Current assets EUR 22,243.80
Accounts receivable
EUR 22,243.80
Other debtors and assets
EUR 22,243.80
LIABILITIES EUR 15,903,357.68
Shareholders' equity
EUR 13,500,654.39
Capital
EUR 38,346.89
Subscribed capital (share capital)
EUR 38,346.89
Reserves
EUR 13,462,307.50
Capital reserves
EUR 6,780,052.67
Retained earnings / revenue reserves EUR 6,682,254.83
Liabilities
EUR 2,402,703.29
Other liabilities
EUR 2,402,703.29
Liabililties due to related companiesEUR 2,402,703.29
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 15,907,248.57
Fixed assets
EUR 15,881,113.88
Financial assets
EUR 15,881,113.88
Shares in participations /
subsidiaries and the like
EUR 15,881,113.88
Current assets EUR 26,134.69
Accounts receivable
EUR 26,134.69
Other debtors and assets
EUR 26,134.69
LIABILITIES EUR 15,907,248.57
Shareholders' equity
EUR 13,500,654.39
Capital
EUR 38,346.89
Subscribed capital (share capital)
EUR 38,346.89
Reserves
EUR 13,462,307.50
Capital reserves
EUR 6,780,052.67
Retained earnings / revenue reserves EUR 6,682,254.83
Liabilities
EUR 2,406,594.18
Other liabilities
EUR 2,406,594.18
Liabililties due to related companies EUR 2,406,594.18
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.32 |
|
UK Pound |
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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|
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 |
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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 |
|
|
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 |
|
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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.