|
Report Date : |
05.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
JOHANNES HÜBNER FABRIK ELEKTRISCHE MASCHINEN GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
|
|
|
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Registered Office : |
Siemensstr. 7, D 35394 Gießen |
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|
|
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Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2012 |
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|
|
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Date of Incorporation : |
11.12.1962 |
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|
|
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Com. Reg. No.: |
HRB 126 |
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Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Manufacture of other general-purpose
machinery |
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|
No. of Employees : |
90 |
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 |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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, 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 |
JOHANNES HÜBNER FABRIK ELEKTRISCHE MASCHINEN
GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG
Company Status: active
Siemensstr. 7
D 35394 Gießen
Telephone:0641/7969-0
Telefax:
0641/73645
Homepage: www.huebner-giessen.com
E-mail:
Info@huebner-giessen.com
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1962
Registered on: 11.12.1962
Commercial Register: Local court 35390 Gießen
under: HRB
126
Share capital: EUR 1,000,000.00
Shareholder:
Riedl-Hübner
Grundstück GmbH & Co. KG
Siemensstr. 7
D 35394 Gießen
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 50,000.00
contribution:
Share: EUR 900,000.00
Registered on: 23.01.2008
Reg. data: 35390 Gießen,
HRA 3889
Shareholder:
Johannes Hübner Stiftung
Siemensstr. 7
D 35394 Gießen
Legal form: Private law
foundation
Share: EUR 100,000.00
Reg. data: 35390 Gießen,
Manager:
Oliver Rüspeler
D 35444 Biebertal
having sole power of
representation
born: 05.09.1970
Manager:
Frank Tscherney
D 35447 Reiskirchen
having sole power of
representation
born: 30.08.1970
Proxy:
Matthias Dieter Karl
Simon
D 35287 Amöneburg
authorized to jointly
represent the company
born: 18.04.1963
Proxy:
Ute Mattern
D 35423 Lich
authorized to jointly
represent the company
born: 11.02.1961
Proxy:
Martin Eilers
D 35614 Aßlar
authorized to jointly
represent the company
born: 08.06.1963
11.12.1962 - 17.04.2008 Johannes
Hübner Fabrik elektrischer
Maschinen GmbH
Siemensstr. 7
D 35394 Gießen
Private limited company
25.04.2008 - 09.01.2013 Manager
Dieter Wulkow
D 35576 Wetzlar
Main
industrial sector
28290
Manufacture of other general-purpose machinery
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Siemensstr.
7
D
35394 Gießen
Land register documents were not available.
Principal banks
COMMERZBANK, 35348 GIEßEN, LAHN
Sort. code: 51340013
BIC: COBADEFF513
COMMERZBANK VORMALS DRESDNER BANK, 35332
GIEßEN, LAHN
Sort. code: 51380040
BIC: DRESDEFF513
SPARKASSE GIEßEN, 35347 GIEßEN, LAHN
Sort. code: 51350025
BIC: SKGIDE5FXXX
VOLKSBANK MITTELHESSEN, 35340 GIEßEN, LAHN
Sort. code: 51390000
BIC: VBMHDE5FXXX
Further bank
DEUTSCHE BANK, 35348 GIEßEN, LAHN
Sort. code: 51370008
BIC: DEUTDEFF513
Turnover: 2013 *EUR 10,800,000.00
Profit: 2012 EUR 1,283,889.00
further business figures:
Equipment: EUR 594,368.00
Ac/ts receivable: EUR
1,328,296.00
Liabilities: EUR 711,871.00
Total numbers of vehicles: 4
- Passenger cars: 1
Employees:
90
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 [%]: 86.85
Liquidity ratio: 10.00
Return on total capital [%]: 11.38
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 84.72
Liquidity ratio: 10.00
Return on total capital [%]: 10.32
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 87.54
Liquidity ratio: 10.00
Return on total capital [%]: 5.88
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 87.18
Liquidity ratio: 10.00
Return on total capital [%]: 11.85
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.
Return on total capital
The return on total capital shows the
efficiency and return on
the total capital employed in the company. The
higher the return
on total capital, the more economically does
the company work
with the invested capital.
Type of balance sheet: Company balance sheet
Financial
year: 01.01.2012 - 31.12.2012
ASSETS EUR 11,373,880.30
Fixed assets
EUR 4,200,024.61
Intangible assets
EUR 178,019.00
Tangible assets
EUR 4,014,764.65
Land / similar rights
EUR 2,718,322.44
Plant / machinery
EUR 305,742.00
Other tangible assets / fixtures and
fittings
EUR 594,368.00
Advance payments made / construction
in progress EUR 396,332.21
Financial assets
EUR 7,240.96
Other / unspecified financial assets EUR 7,240.96
Current assets
EUR 7,152,515.25
Stocks EUR 2,911,981.54
Accounts receivable
EUR 1,328,296.40
Investments in current assets
EUR 250,250.00
Liquid means
EUR 2,661,987.31
Remaining other assets
EUR 21,340.44
Accruals (assets)
EUR 21,340.44
LIABILITIES EUR 11,373,880.30
Shareholders' equity
EUR 9,639,845.66
Capital EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 4,060,000.00
Capital reserves
EUR 60,000.00
Retained earnings / revenue reserves EUR 4,000,000.00
Balance sheet profit/loss (+/-)
EUR 4,579,845.66
Balance sheet profit / loss
EUR 4,579,845.66
Provisions
EUR 1,022,163.56
Liabilities
EUR 711,871.08
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Gross result (+/-) EUR 10,943,500.80
Staff expenses EUR 6,302,977.56
Wages and salaries
EUR 5,471,846.07
Social security contributions and
expenses for pension plans and
benefits
EUR 831,131.49
Total
depreciation EUR 325,122.42
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 325,122.42
Other operating expenses
EUR 2,464,548.79
Operating result from continuing
operations
EUR 1,850,852.03
Interest result (+/-)
EUR 20,812.95
Interest and similar income
EUR 39,194.20
thereof from related companies
EUR 1,176.20
Interest and similar expenses
EUR 18,381.25
Financial result (+/-)
EUR 20,812.95
Result from ordinary operations (+/-)
EUR 1,871,664.98
Income tax / refund of income tax (+/-)EUR -571,032.19
Other taxes / refund of taxes
EUR -16,744.27
Tax (+/-)
EUR -587,776.46
Annual surplus / annual deficit
EUR 1,283,888.52
Type of
balance sheet: Company
balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 10,819,046.16
Fixed assets
EUR 4,776,131.27
Intangible assets
EUR 155,062.00
Other / unspecified intangible assetsEUR 155,062.00
Tangible assets
EUR 4,613,828.31
Land / similar rights
EUR 3,684,696.44
Plant / machinery
EUR 272,044.00
Other tangible assets / fixtures and
fittings
EUR 632,931.00
Advance payments made / construction
in progress EUR 24,156.87
Financial assets
EUR 7,240.96
Other / unspecified financial assets EUR 7,240.96
Current assets
EUR 6,014,438.04
Stocks EUR 2,974,795.22
Accounts receivable
EUR 1,463,028.27
Other debtors and assets
EUR 1,463,028.27
Investments in current assets
EUR 256,125.00
Liquid means
EUR 1,320,489.55
Remaining other assets
EUR 28,476.85
Accruals (assets)
EUR 28,476.85
LIABILITIES EUR 10,819,046.16
Shareholders' equity
EUR 8,955,957.14
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves EUR 3,060,000.00
Capital reserves
EUR 60,000.00
Retained earnings / revenue reserves EUR 3,000,000.00
Balance sheet profit/loss (+/-)
EUR 4,895,957.14
Profit / loss brought forward
EUR 3,787,560.82
Annual surplus / annual deficit
EUR 1,108,396.32
Provisions
EUR 1,056,709.71
Liabilities
EUR 806,379.31
Other liabilities
EUR 806,379.31
Unspecified other liabilities
EUR 806,379.31
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Gross result (+/-) EUR 9,691,426.62
Staff expenses
EUR 5,860,753.88
Wages and salaries
EUR 5,068,606.88
Social security contributions and
expenses for pension plans and
benefits EUR 792,147.00
Total depreciation
EUR 295,510.61
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 295,510.61
Other operating expenses
EUR 1,946,105.50
Operating result from continuing
operations
EUR 1,589,056.63
Interest result (+/-)
EUR 20,549.67
Interest and similar income EUR 36,696.19
Interest and similar expenses
EUR 16,146.52
Financial result (+/-)
EUR 20,549.67
Result from ordinary operations (+/-)
EUR 1,609,606.30
Income tax / refund of income tax (+/-)EUR -491,187.34
Other taxes / refund of taxes
EUR -10,022.64
Tax (+/-)
EUR -501,209.98
Annual surplus / annual deficit
EUR 1,108,396.32
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.32 |
|
|
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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|
Report Prepared
by : |
NNA |
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.