MIRA INFORM REPORT

 

 

Report Date :

09.12.2014

 

IDENTIFICATION DETAILS

 

Name :

HELMKE ORBIS GMBH, ELECTRICAL MACHINES AND DRIVES

 

 

Registered Office :

Ludwig-Erhard-Ring 7-9, D 31157 Sarstedt

 

 

Country :

Germany

 

 

Financials (as on) :

31.10.2012

 

 

Date of Incorporation :

17.03.1978

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Manufacture of other special-purpose machinery

·         Agents involved in the sale of machines (except agricultural machinery and office machinery) and industrial supplies

·         Wholesale of other machinery

·         Engineering activities in the field of technical sectoral planning andengineering design

 

 

No of Employees :

16

 

 

RATING & COMMENTS

 

MIRA’s Rating :

 

 

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

 

--

 

Maximum Credit Limit :

 

Status :

 

Payment Behaviour :

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

 

 

 

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

ECONOMIC OVERVIEW

 

 

Source : CIA

Company name & address

 

HELMKE ORBIS GMBH, ELECTRICAL MACHINES AND DRIVES

 

 Company Status:         active

                                    Ludwig-Erhard-Ring 7-9

                                    D 31157 Sarstedt

                                    Telephone:05066/90333-0

                                    Telefax:  05066/90333-291

                                    Homepage: www.helmke.de

                                    E-mail:   helmke@helmke.de

 

 VAT no.:                      DE811174737

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

 LEGAL FORM           Private limited company

 Date of foundation:  17.03.1978

 Shareholders'

 agreement:           17.03.1978

 Registered on:       23.11.2009

 Commercial Register: Local court 31134 Hildesheim

 under:               HRB 201804

 

 Share capital:                          EUR             51,129.19

 

 Shareholder:

                      Titus Helmke

                      Uhlemeyerstr. 25

                      D 30175 Hannover

                      born: 05.04.1973

                      Share:             EUR             51,129.19

 Manager:

                      Jürgen Fiala

                      Niederrader Allee 10

                      D 30853 Langenhagen

                      having sole power of representation

                      Profession: Clerk

                      Marital status: married

 Manager:

                      Titus Helmke

                      Uhlemeyerstr. 25

                      D 30175 Hannover

                      having sole power of representation

                      born: 05.04.1973

 

 Further functions/participations of Titus Helmke (Manager)

 Proprietor:

                      J. Helmke & Co., Inh. Titus Helmke, e.K.

                      Ludwig-Erhard-Ring 7-9

                      D 31157 Sarstedt

                      Legal form: Sole proprietorship

                      Registered

                      on:         07.08.2007

                      Reg. data:  31134 Hildesheim, HRA 200377

 Manager:

                      Helmke Verwaltungsgesellschaft mbH

                      Ludwig-Erhard-Ring 7-9

                      D 31157 Sarstedt

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         05.06.2007

                      Reg. data:  31134 Hildesheim, HRB 200699

 

 

COMPANY HISTORY

 

 25.05.1978 - 22.11.2009  Helmke Orbis GmbH Projekte und

                          Ausrüstungen

                          Garvensstr. 5

                          D 30519 Hannover

                          Private limited company

 22.11.2009 - 21.11.2011  Helmke Orbis GmbH, Projekte und

                          Ausrüstungen

                          Ludwig-Erhard-Ring 7-9

                          D 31157 Sarstedt

                          Private limited company

 22.11.2011 - 23.01.2012  Helmke Orbis GmbH, Elektrische Maschinen

                          und Antriebe

                          Ludwig-Erhard-Ring 7-9

                          D 31157 Sarstedt

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

 Sectors

 28990   Manufacture of other special-purpose machinery n.e.c.

46141   Agents involved in the sale of machines (except agricultural machineryand office machinery) and industrial supplies n.e.c.

46692   Wholesale of other machinery

71122   Engineering activities in the field of technical sectoral planning andengineering design

 

Payment experience:  cash discount/within agreed terms

 

 Negative information:We have no negative information at hand.

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Ludwig-Erhard-Ring 7-9

                      D 31157 Sarstedt

 

 Land register documents were not available.

 

 

BANKERS

 

 COMMERZBANK, 30012 HANNOVER

 Sort. code: 25040066, Account no.: 1843200

 BIC: COBADEFFXXX, IBAN: DE70250400660184320000

 

 

FINANCIAL FIGURES

 

 Turnover:                     2012                 EUR                 7,050,000.00

                                    2013                 EUR                 7,200,000.00

 further business figures:

 Equipment:                                          *EUR                128,000.00

 Ac/ts receivable:                                              EUR                 2,458,111.00

 Liabilities:                                            EUR                 762,377.00

 Employees:                                                                             16

 - thereof permanent staff:                                             16

 

 The business figures marked with an asterisk are estimates based on average values in the line of business.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.11.2011 - 31.10.2012

 Equity ratio [%]:                 69.71

 Liquidity ratio:                  10.00

 Return on total capital [%]:      12.16

 

 Balance sheet ratios 01.01.2011 - 31.10.2011

 Equity ratio [%]:                 66.83

 Liquidity ratio:                  10.00

 Return on total capital [%]:      11.80

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 69.80

 Liquidity ratio:                  10.00

 Return on total capital [%]:      13.74

 

 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:      01.11.2011 - 31.10.2012

 

 ASSETS                                  EUR          5,190,199.96

  Fixed assets                           EUR             33,323.24

   Tangible assets                       EUR                363.00

   Financial assets                      EUR             32,960.24

    Other / unspecified financial assets EUR             32,960.24

  Current assets                         EUR          5,156,146.94

   Stocks                                EUR            284,038.36

   Accounts receivable                   EUR          2,458,111.31

   Liquid means                          EUR          2,413,997.27

  Remaining other assets                 EUR                729.78

   Accruals (assets)                     EUR                729.78

 

 LIABILITIES                             EUR          5,190,199.96

  Shareholders' equity                   EUR          4,112,563.04

   Capital                               EUR             51,129.19

    Subscribed capital (share capital)   EUR             51,129.19

   Reserves                              EUR          1,000,000.00

    Retained earnings / revenue reserves EUR          1,000,000.00

   Balance sheet profit/loss (+/-)       EUR          3,061,433.85

    Profit / loss brought forward        EUR          2,629,018.41

    Annual surplus / annual deficit      EUR            432,415.44

  Provisions                             EUR            315,259.78

  Liabilities                            EUR            762,377.14

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2011 - 31.10.2011

 

 ASSETS                                  EUR          4,677,674.08

  Fixed assets                           EUR             33,576.24

   Intangible assets                     EUR                  1.00

   Tangible assets                       EUR                615.00

   Financial assets                      EUR             32,960.24

    Other / unspecified financial assets EUR             32,960.24

  Current assets                         EUR          4,635,840.04

   Stocks                                EUR            173,275.24

   Accounts receivable                   EUR          2,367,939.28

   Liquid means                          EUR          2,094,625.52

  Remaining other assets                 EUR              8,257.80

   Accruals (assets)                     EUR              8,257.80

 

 LIABILITIES                             EUR          4,677,674.08

  Shareholders' equity                   EUR          3,680,147.60

   Capital                               EUR             51,129.19

    Subscribed capital (share capital)   EUR             51,129.19

   Reserves                              EUR          1,000,000.00

    Retained earnings / revenue reserves EUR          1,000,000.00

   Balance sheet profit/loss (+/-)       EUR          2,629,018.41

    Profit / loss brought forward        EUR          2,274,034.51

    Annual surplus / annual deficit      EUR            354,983.90

  Provisions                             EUR            293,776.28

  Liabilities                            EUR            703,750.20

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.93

UK Pound

1

Rs.96.37

Euro

1

Rs.76.10

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUM

 

 

Report Prepared by :

TPT

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.