|
Report Date : |
26.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
CHR.
HELD GMBH & CO. KG |
|
|
|
|
Registered Office : |
Hauptstr.
47 OT Schmiechen D 89601 Schelklingen Post Box: 70, D 89598 Schelklingen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
1869 |
|
|
|
|
Legal Form : |
Limited
partnership |
|
|
|
|
Line of Business : |
Wholesale
of textiles |
|
|
|
|
No. of Employees : |
25 |
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 : |
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, 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
|
Source
: CIA |
CHR. HELD GMBH & CO. KG
Company Status: active
Hauptstr. 47 OT Schmiechen
D 89601 Schelklingen
Post Box:
70, D 89598 Schelklingen
Telephone:07394/2490
Telefax: 07394/24949
Homepage: www.chrheld.com
E-mail: info@chrheld.com
VAT no.: DE145217555
Tax ID number: 58001/03084
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 1869
Registered on: 23.01.1919
Register of
companies: Local
court 89073 Ulm
under: HRA
490277
Total cap. contribution: EUR 797,615.33
Limited partner:
Gerhard Held
D 87733 Markt Rettenbach
born: 02.03.1946
Share: EUR 749,758.41
Limited partner:
Constantin Held
D 87719 Mindelheim
born: 12.12.1988
Share: EUR 47,856.92
General partner:
Zwirnerei und Färberei
Schmiechen
Verwaltungs-GmbH
Fabrikstr. 18
OT Schmiechen
D 89601 Schelklingen
Legal form: Private
limited company
Share capital: EUR 26,100.00
Registered on: 09.03.1961
Reg. data: 89073 Ulm, HRB
490112
Shareholder:
Erbengemeinschaft nach
Karl Held Rosemarie
Abel geb. Held, Karl Christian
Held Hubert
Held
D 89275 Elchingen
Legal form: Other legal
form
Share: EUR 11,250.00
Shareholder:
Erbengemeinschaft nach
Johannes Held
D 89601 Schelklingen
Legal form: Other legal
form
Share: EUR 6,050.00
Shareholder:
Roland Held
D 79804 Dogern
Share: EUR 5,200.00
Shareholder:
Ernst Leichtle
D 89604 Allmendingen
born: 1943
Share: EUR 1,800.00
Shareholder:
Kurt Hammer
D 89584 Ehingen
Share: EUR 1,800.00
Manager:
Hans Peter Göckeler
D 89601 Schelklingen
having sole power of
representation
born: 08.01.1954
1943 - 23.08.2002 Chr. Held OHG
Fabrik Str. 18
D 89601 Schelklingen
General Partnership
23.08.2002 - 16.04.2004 Chr.
Held GmbH & Co. KG
Hauptstr. 47
D 89601 Schelklingen
Ltd partnership with priv. ltd.
company
as general partner
Main industrial sector
4641
Wholesale of textiles
46760 Wholesale of other intermediate goods
Works:
Chr. Held GmbH & Co.
KG
Karlstr. 66
D 89143 Blaubeuren
TEL.: 07344/922707
FAX.: 07344/922708
Payment
experience: cash discount/within agreed
terms
Negative
information: We have no negative information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: proprietor
Share: 100.00 %
Address Hauptstr.
47 OT Schmiechen
D 89601 Schelklingen
Type of ownership: proprietor
Share: 100.00 %
Address Fabrikstr.
18
D 89601
Schelklingen
Type of ownership: Tenant
Address Karlstr.
66
D 89143
Blaubeuren
Land register documents were not available.
SPARKASSE ULM, 89584 EHINGEN (DONAU)
Sort. code: 63050000, Account no.: 9310519
BIC: SOLADES1ULM
EHINGER VOLKSBANK, 89574 EHINGEN (DONAU)
Sort. code: 63091010, Account no.: 603332005
BIC: GENODES1EHI
Turnover: 2012 EUR 9,700,000.00
Ac/ts receivable: EUR 1,054,317.00
Liabilities: EUR
2,304,871.00
Employees:
25
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 28.80
Liquidity ratio: 0.50
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 25.16
Liquidity ratio: 0.43
Return on total capital [%]: -12.70
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 22.53
Liquidity ratio: 0.57
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 18.31
Liquidity ratio: 0.36
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
4,301,751.18
Fixed assets EUR
610,175.47
Intangible assets EUR 7,940.00
Tangible assets EUR 601,585.47
Financial assets EUR 650.00
Current assets EUR
3,689,883.98
Stocks EUR 2,618,817.93
Accounts receivable EUR 1,054,316.83
Liquid means EUR
16,749.22
Remaining other assets EUR 1,691.73
Accruals (assets) EUR 1,691.73
LIABILITIES EUR 4,301,751.18
Shareholders' equity EUR 1,060,140.70
Capital EUR 863,636.45
Capital of the fully liable partner
(LP, general partnership) EUR 66,021.11
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder
EUR 66,021.11
Limited partner's capital / capital
of partially liable partner (LP) EUR 797,615.34
Reserves
EUR 196,504.25
Provisions EUR
936,739.13
Liabilities EUR 2,304,871.35
thereof total due to shareholders EUR 181,441.80
Type of balance
sheet: Company
balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 4,709,686.74
Fixed assets EUR 626,967.97
Intangible assets EUR
2,079.00
Concessions, licences, rights
EUR 2,079.00
Tangible assets EUR
624,238.97
Other / unspecified tangible assets EUR 624,238.97
Financial assets EUR 650.00
Other / unspecified financial assets EUR
650.00
Current assets EUR 4,082,616.17
Stocks EUR 2,832,568.14
Other / unspecified stocks
EUR
2,832,568.14
Accounts receivable EUR
1,246,067.66
Other debtors and assets EUR 1,246,067.66
Liquid means EUR 3,980.37
Remaining other assets EUR 102.60
Accruals (assets) EUR
102.60
LIABILITIES EUR 4,709,686.74
Shareholders' equity EUR
1,052,450.23
Capital EUR
855,945.98
Capital of the fully liable partner
(LP, general partnership) EUR 58,330.64
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder
EUR 58,330.64
Limited partner's capital / capital
of partially liable partner (LP) EUR 797,615.34
Limited partner's capital,
fixed
capital, capital account I
EUR 797,615.34
Reserves
EUR
196,504.25
Other / unspecified reserves EUR 196,504.25
Provisions EUR 973,455.30
Other / unspecified provisions EUR 973,455.30
Liabilities EUR 2,683,781.21
Other liabilities EUR
2,683,781.21
Unspecified other liabilities EUR 2,683,781.21
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.98 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.