|
Report Date : |
22.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
HOLZINDUSTRIE TEMPLIN GMBH |
|
|
|
|
Registered Office : |
Zehdenicker Str. 32, D 17268 Templin |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
24.11.1993 |
|
|
|
|
Com. Reg. No.: |
HRB 2211 NP |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of products
of wood; manufacture of articles of cork, straw and plaiting materials
(except furniture) |
|
|
|
|
No. of Employees : |
103 |
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 |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
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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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
Holzindustrie
Templin GmbH
Company Status: Active
Zehdenicker Str. 32
D 17268 Templin
Telephone:03987/70020
Telefax: 03987/700299
Homepage: www.hitemplin.com
E-mail: info@hitemplin.com
DE811590046
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 24.11.1993
Shareholders'
agreement: 24.11.1993
Registered on: 28.01.1994
Commercial Register: Local court 16816 Neuruppin
under: HRB
2211 NP
EUR 103,150.00
Antje Maschmann-Fehrensen
Röddeliner Dorfstr. 29b
D
17268 Templin
born:
24.05.1966
née:
Fehrensen
Share: EUR 51,575.00
Shareholder:
Christine Würfel
Cuvilliesstr. 12
D
81679 München
born:
11.01.1976
Share: EUR 46,568.00
Shareholder:
Ilse Würfel
Märkische Str. 19c
D
17268 Templin
born:
27.10.1945
née:
Rudersdorf
Share: EUR 5,007.00
Manager:
Christian Würfel
Märkische Str. 19c
D
17268 Templin
having
sole power of representation
born:
07.11.1941
Profession: Businessman
Property regime: Separation of property
Marital status: married
Manager:
Antje
Maschmann-Fehrensen
Röddeliner Dorfstr. 29b
D
17268 Templin
having sole power of
representation
born:
24.05.1966
née:
Fehrensen
Profession: Fully qualified management
expert
Property regime: Separation of property
Marital status: married
Further functions/participations of Christian
Würfel (Manager)
General partner:
Dr.
Wolfgang Fehrensen und Christian Würfel
Zehdenicker Str. 27
D
17268 Templin
Legal
form: Partnership under the Civil Code
General partner:
Antje
Maschmann-Fehrensen und Christian
Würfel
Zehdenicker Str. 32
D
17268 Templin
Legal
form: Partnership under the Civil Code
Limited partner:
Flugzeughaltergesellschaft Müller & Partner
mbH
& Co. KG
Klingenfeldstr.
25
D
90453 Nürnberg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 30,677.51
contribution:
Share: EUR 30,677.51
Registered
on: 11.12.2013
Reg.
data: 90402 Nürnberg, HRA 16737
Limited partner:
Würfel Gerstungen GmbH
& Co. Besitz KG
In der
Flur 1
D
99834 Gerstungen
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,000.00
contribution:
Share: EUR 1,000.00
Registered
on: 19.12.2005
Reg.
data: 07745 Jena, HRA 500008
Shareholder:
Christian Würfel GmbH
Schöne
Aussicht 60
D
34346 Hann. Münden
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 02.08.2001
Reg.
data: 37073 Göttingen, HRB 112523
Shareholder:
Klaus
Harbusch Waldkontor GmbH
Graseweg 20
D
34346 Hann. Münden
Legal
form: Private limited company
Share
capital: EUR 80,000.00
Share: EUR 13,350.00
Registered
on: 29.10.2002
Reg.
data: 37073 Göttingen, HRB 3566
Shareholder:
Würfel Gerstungen GmbH
In der
Flur 1
D
99834 Gerstungen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 25.11.2005
Reg.
data: 07745 Jena, HRB 500021
Manager:
MBG Metallbeschichtung
Gerstungen GmbH
In der
Flur 1
D
99834 Gerstungen
Legal
form: Private limited company
Share
capital: EUR 51,129.19
Registered
on: 07.04.1998
Reg.
data: 07745 Jena, HRB 404384
Manager:
Christian Würfel GmbH
Schöne
Aussicht 60
D
34346 Hann. Münden
Legal form: Private limited
company
Share
capital: EUR 25,000.00
Registered
on: 02.08.2001
Reg.
data: 37073 Göttingen, HRB 112523
Manager:
Holzwerk Behringen GmbH
Kleine
Wiese 1 OT
Wolfsbehringen
D
99820 Hörselberg-Hainich
Legal
form: Private limited company
Share capital: EUR 600,000.00
Registered
on: 15.12.2003
Reg.
data: 07745 Jena, HRB 405884
Manager:
Würfel
Gerstungen GmbH
In der Flur 1
D
99834 Gerstungen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 25.11.2005
Reg.
data: 07745 Jena, HRB 500021
Further functions/participations of Antje
Maschmann-Fehrensen
(Manager)
General partner:
Antje
Maschmann-Fehrensen und Christian
Würfel
Zehdenicker Str. 32
D
17268 Templin
Legal
form: Partnership under the Civil Code
Shareholder:
Holzwerk Behringen GmbH
Kleine
Wiese 1 OT
Wolfsbehringen
D
99820 Hörselberg-Hainich
Legal
form: Private limited company
Share
capital: EUR 600,000.00
Share: EUR 150,000.00
Registered
on: 15.12.2003
Reg.
data: 07745 Jena, HRB 405884
Shareholder:
Klaus
Harbusch Waldkontor GmbH
Graseweg 20
D 34346 Hann. Münden
Legal
form: Private limited company
Share
capital: EUR 80,000.00
Share: EUR 13,350.00
Registered
on: 29.10.2002
Reg.
data: 37073 Göttingen, HRB 3566
Shareholder:
HBB
Holzbearbeitung Bralitz GmbH
Oderberger Str. 18-19
OT
Bralitz
D
16259 Bad Freienwalde
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Share: EUR 11,248.42
Registered
on: 17.12.1998
Reg.
data: 15236 Frankfurt, HRB 7207 FF
Manager:
HBB
Holzbearbeitung Bralitz GmbH
Oderberger Str. 18-19
OT
Bralitz
D
16259 Bad Freienwalde
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Registered
on: 17.12.1998
Reg.
data: 15236 Frankfurt, HRB 7207 FF
Main industrial sector
16100 Sawmilling and planing of wood
Secondary industrial sector
16290 Manufacture of products
of wood; manufacture of articles of cork, straw and plaiting materials (except
furniture)
46732 Wholesale of raw and
cut wood
Shareholder:
Holzindustrie Templin Werk Nentershausen
GmbH
Hopfenwiese 5
D
36214 Nentershausen
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 32,926.00
Share: EUR 32,926.00
Reg.
data: 24.11.2010
Local court 36251 Bad Hersfeld
HRB 2423
Payment experience: within agreed terms
Negative information:We
have no negative information at hand.
Balance sheet year: 2011/2012
Type of ownership: Tenant
Address Zehdenicker
Str. 32
D 17268 Templin
Land register documents
were not available.
Principal bank
COMMERZBANK VORMALS
DRESDNER BANK, 34331 HANN. MÜNDEN
Sort. code: 52080080
BIC: DRESDEFF520
Further banks
COMMERZBANK VORMALS
DRESDNER BANK, 34010 KASSEL, HESS
Sort. code: 52080080
BIC: DRESDEFF520
UNICREDIT BANK -
HYPOVEREINSBANK, 97067 WÜRZBURG
Sort. code: 79020076
BIC: HYVEDEMM455
Gross profit or loss:2011/2012 EUR 5,640,294.00
2012/2013 EUR
5,500,000.00
Profit: 2011/2012 EUR 140,493.00
further business figures:
Equipment: EUR 275,325.00
Ac/ts receivable: EUR 7,528,059.00
Liabilities: EUR 4,839,471.00
Total numbers of vehicles: 10
Employees:
103
Balance sheet ratios 01.10.2011 - 30.09.2012
Equity ratio [%]: 47.24
Liquidity ratio: 1.57
Return on total capital
[%]: 1.07
Balance sheet grade: 2.5
Balance sheet ratios 01.10.2010 - 30.09.2011
Equity ratio [%]: 43.10
Liquidity ratio: 1.21
Return on total capital
[%]: 1.32
Balance sheet grade: 2.6
Balance sheet ratios 01.10.2009 - 30.09.2010
Equity ratio [%]: 34.49
Liquidity ratio: 0.99
Return on total capital
[%]: 0.32
Balance sheet grade: 3.0
Balance sheet ratios 01.10.2008 - 30.09.2009
Equity ratio [%]: 44.28
Liquidity ratio: 1.26
Return on total capital
[%]: 4.11
Balance sheet grade: 2.3
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: 01.10.2011
- 30.09.2012
ASSETS EUR 13,158,059.56
Fixed assets
EUR 3,648,260.00
Intangible assets
EUR 3,121.00
Other / unspecified intangible assetsEUR 3,121.00
Tangible assets
EUR 3,612,213.00
Plant / machinery
EUR 3,336,888.00
Other tangible assets / fixtures and
fittings
EUR 275,325.00
Financial assets
EUR 32,926.00
Shares in participations /
subsidiaries and the like
EUR 32,926.00
Shares in related companies
EUR 32,926.00
Current assets
EUR 9,448,181.30
Stocks
EUR 1,888,826.91
Accounts receivable
EUR 7,528,058.83
Other debtors and assets
EUR 7,528,058.83
Liquid means
EUR 31,295.56
Remaining other assets
EUR 61,618.26
Accruals (assets)
EUR 61,618.26
LIABILITIES EUR 13,158,059.56
Shareholders' equity
EUR 5,927,007.28
Capital
EUR 103,150.00
Subscribed capital (share capital)
EUR 103,150.00
Reserves
EUR 1,969,541.61
Capital reserves
EUR 1,969,541.61
Balance sheet profit/loss (+/-)
EUR 3,854,315.67
Profit / loss brought forward EUR
3,713,822.95
Annual surplus / annual deficit
EUR 140,492.72
Items between shareholders' equity and
debt capital
EUR 578,816.00
Allowances / bonuses
EUR 578,816.00
Provisions
EUR 1,812,765.14
Liabilities
EUR 4,839,471.14
Financial debts
EUR 2,017,866.32
Liabilities due to banks
EUR 2,017,866.32
Other liabilities
EUR 2,821,604.82
Unspecified other liabilities
EUR 2,821,604.82
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 5,640,294.38
Staff expenses
EUR 1,924,220.66
Wages and salaries
EUR 1,458,330.07
Social security contributions and
expenses for pension plans and
benefits
EUR 465,890.59
Total depreciation
EUR 889,875.37
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 889,875.37
Other operating expenses
EUR 2,790,507.15
Operating result from continuing
operations
EUR 35,691.20
Interest result (+/-)
EUR 110,199.23
Interest and similar income
EUR 240,246.28
Interest and similar expenses
EUR 130,047.05
Financial result (+/-)
EUR 110,199.23
Result from ordinary operations (+/-)
EUR 145,890.43
Other taxes / refund of taxes
EUR -5,397.71
Tax
(+/-)
EUR -5,397.71
Annual surplus / annual deficit
EUR 140,492.72
Type of balance sheet: Company balance sheet
Financial year: 01.10.2010
- 30.09.2011
ASSETS EUR 14,240,202.43
Fixed assets
EUR 4,515,663.59
Intangible assets
EUR 7,570.00
Other / unspecified intangible assetsEUR 7,570.00
Tangible assets
EUR 4,475,167.59
Plant / machinery
EUR 3,848,532.00
Other tangible assets / fixtures and
fittings
EUR 358,998.00
Advance payments made / construction
in progress
EUR 267,637.59
Financial assets
EUR 32,926.00
Shares in participations /
subsidiaries and the like
EUR 32,926.00
Shares in related companies
EUR 32,926.00
Current assets
EUR 9,657,400.07
Stocks EUR 2,527,596.35
Accounts receivable
EUR 7,057,681.59
Other debtors and assets
EUR 7,057,681.59
Liquid means
EUR 72,122.13
Remaining other assets
EUR 67,138.77
Accruals (assets)
EUR 67,138.77
LIABILITIES EUR 14,240,202.43
Shareholders' equity
EUR 5,786,514.56
Capital
EUR 103,150.00
Subscribed capital (share capital)
EUR 103,150.00
Reserves
EUR 1,969,541.61
Capital reserves
EUR 1,969,541.61
Balance sheet profit/loss (+/-)
EUR 3,713,822.95
Profit / loss brought forward
EUR 3,497,743.11
Annual surplus / annual deficit
EUR 216,079.84
Items between shareholders' equity and
debt capital EUR 727,427.00
Allowances / bonuses
EUR 727,427.00
Provisions
EUR 1,834,145.89
Liabilities
EUR 5,892,114.98
Financial debts
EUR 2,420,196.65
Liabilities due to banks
EUR 2,420,196.65
Other liabilities
EUR 3,471,918.33
Unspecified other liabilities
EUR 3,471,918.33
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 6,793,333.18
Staff expenses
EUR 2,153,671.84
Wages
and salaries EUR 1,678,776.86
Social security contributions and
expenses for pension plans and
benefits
EUR 474,894.98
Total depreciation
EUR 1,097,397.63
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,097,397.63
Other operating expenses
EUR 3,309,658.80
Operating result from continuing
operations
EUR 232,604.91
Interest result (+/-)
EUR -26,761.33
Interest and similar income
EUR 140,392.93
Interest and similar expenses
EUR 167,154.26
Financial result (+/-)
EUR -26,761.33
Result from ordinary operations (+/-)
EUR 205,843.58
Extraordinary income
EUR 245,715.00
Extraordinary expenses
EUR 217,407.00
Extraordinary result (+/-)
EUR 28,308.00
Income tax / refund of income tax (+/-)EUR -13,126.16
Other taxes / refund of taxes
EUR -4,945.58
Tax
(+/-) EUR -18,071.74
Annual surplus / annual deficit
EUR 216,079.84
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.67 |
|
|
1 |
Rs.100.81 |
|
Euro |
1 |
Rs.80.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIT |
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.