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Report Date : |
27.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
HYDROTEC TECHNOLOGIES AKTIENGESELLSCHAFT |
|
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|
Registered Office : |
D 27793 Wildeshausen, Post Box: 15
20, D 27782 Wildeshausen |
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Country : |
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|
|
|
Financials (as on) : |
31.12.2011 |
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|
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Date of Incorporation : |
10.09.1991 |
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|
|
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Com. Reg. No.: |
HRB 140799 |
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|
|
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Legal Form : |
Public Limited Company |
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|
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Line of Business : |
Manufacture of other ceramic products |
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No. of Employees : |
86 |
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 |
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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 – 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 |
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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 |
HYDROTEC TECHNOLOGIES AKTIENGESELLSCHAFT
Company Status: active
Düngstruper Str. 46
D 27793
Wildeshausen
Post Box:
15 20, D 27782 Wildeshausen
Telephone:04431/9355-0
Telefax:
04431/9355-99
Homepage:
www.hydrotec.com
E-mail:
office@hydrotec.com
VAT no.: DE232403377
Tax
ID number: 68/203/66217
Business relations are permissible.
LEGAL FORM Public
limited company
Date of foundation: 10.09.1991
Registered on: 16.10.1991
Commercial Re gister:
Local court 26135 Oldenburg
under: HRB
140799
Share capital: EUR 3,806,000.00
President of
the Board of Directors:
Uwe Horst Brinkschulte
Langepatt 1
D 26931 Elsfleth
born: 31.03.1968
Member of
the Board of Directors:
Jürgen Unewisse
Lehmkuhle 2
D 24799 Friedrichsholm
having sole power of representation
born: 17.12.1961
Profession: Businessman
Marital status: married
Member of
the Board of Directors:
Carsten Schäfer
Dorfstr. 17
D 26180 Rastede
born: 22.04.1970
President of
the Supervisory Board:
Gisbert Brinkschulte
Vor Vierhausen 21
D 27721 Ritterhude
born: 26.04.1941
Profession: Businessman
Marital status: married
Member of
the Supervisory Board:
Bärbel Meta Brinkschulte
Vor Vierhausen 21
D 27721 Ritterhude
born: 24.10.1942
née: Meissner
Profession: Businessman
Marital status: married
Member of
the Supervisory Board:
Iris Schäfer
Düngstruper Str.
46
D 27793 Wildeshausen
Marital status: unknown
Proxy:
Peter Dietmann
D 27793 Wildeshausen
born: 30.05.1962
Proxy:
Stephan Krüger
D 23758 Oldenburg
authorized to jointly
represent the company
born: 27.05.1972
Proxy:
Peter Strauß
D 25876 Hude
authorized to jointly
represent the company
born: 04.09.1962
Further
functions/participations of Uwe Horst Brinkschulte (President of the Board of
Directors)
Manager:
ABD Handels
Verwaltungs-GmbH
Düngstruper Str. 46
D 27793 Wildeshausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 16.12.2011
Reg. data: 26135 Oldenburg, HRB 206308
Further
functions/participations of Jürgen Unewisse (Member of the Board of Directors)
Member of
the Board of Directors:
Güteschutz Kanalguss e.V.
Ettore-Bugatti-Str. 35
D 51149 Köln
Legal form: Registered
association dormant
Registered
on: 08.07.1959
Reg. data: 50939 Köln, VR 5309
24.02.1994 - 27.03.1995 Rinnen-M-Produktions
GmbH
Düngstruper Str. 46
D 27793 Wildeshausen
Private limited company
27.03.1995 - 08.11.2005 HYDROTEC Entwässerungsrechnik GmbH
Düngstruper Str. 46
D 27793 Wildeshausen
Private limited company
Main industrial
sector
23490
Manufacture of other ceramic products
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type
of ownership: proprietor
Share: 100.00 %
Address Düngstruper
Str. 46
D 27793 Wildeshausen
Type of ownership: proprietor
Share: 100.00 %
Address Wilhelm-Maybach-Str.
9
D 27793 Wildeshausen
Real Estate of: Jürgen
Unewisse
Type of ownership: unknown
Address Lehmkuhle
2
D 24799
Friedrichsholm
Real Estate of: Gisbert
Brinkschulte
Type
of ownership: proprietor
Share: 100.00 %
Address Vor
Vierhausen 21
D 27721
Ritterhude
Real Estate of: Bärbel
Meta Brinkschulte
Type of ownership: unknown
Address Vor
Vierhausen 21
D 27721 Ritterhude
Real Estate of: Iris Schäfer
Type of ownership: Tenant
Address Düngstruper Str. 46
D 27793 Wildeshausen
Land register documents were not available.
COMMERZBANK, 28079 BREMEN
Sort. code: 29040090
BIC: COBADEFF290
BANKHAUS NEELMEYER, 28074 BREMEN
Sort. code: 29020000
BIC: NEELDE22XXX
OLDENBURGISCHE LANDESBANK AG, 27782
WILDESHAUSEN
Sort. code: 28023325
BIC: OLBODEH2XXX
SPARKASSE BREMEN, 28078 BREMEN
Sort. code: 29050101
BIC: SBREDE22XXX
Turnover: 2012 EUR 44,577,955.00
2013 EUR 47,000,000.00
Profit: 2012
EUR 349,958.00
further business figures:
Equipment: EUR 293,791.00
Ac/ts receivable: EUR 7,938,310.00
Liabilities: EUR 20,871,055.00
Real estate of the firm: EUR
4,271,991.00
Total numbers of vehicles:
4
- Passenger cars: 4
Employees:
86
- Trainees:
5
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 23.19
Liquidity ratio: 0.37
Return on total capital [%]: 1.12
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 26.45
Liquidity ratio: 0.45
Return on total capital [%]: 0.96
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 27.31
Liquidity ratio: 0.42
Return on total capital [%]: 2.52
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 20.83
Liquidity ratio: 0.44
Return on total capital [%]: 3.50
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: 01.01.2011 - 31.12.2011
ASSETS EUR 28,422,807.92
Fixed assets
EUR 7,538,150.58
Intangible assets
EUR 78,422.95
Concessions, licences, rights
EUR 28,334.74
Goodwill
EUR 50,088.21
Tangible assets
EUR 6,174,106.04
Land / similar rights EUR 4,286,479.14
Plant / machinery
EUR 1,436,623.38
Other tangible assets / fixtures and
fittings
EUR 333,324.45
Advance payments made / construction
in progress
EUR 117,679.07
Financial assets
EUR 1,285,621.59
Shares in participations /
subsidiaries and the like
EUR 1,250,613.59
Shares in investee companies
EUR 1,250,613.59
Other loans
EUR 35,008.00
Current assets
EUR 20,786,016.97
Stocks
EUR 12,585,146.31
Raw materials, consumables and
supplies
EUR 3,921,060.97
Finished goods / work in progress
EUR 8,664,085.34
Accounts receivable
EUR 7,941,039.71
Trade debtors
EUR 2,323,024.70
Amounts due from investee companies
EUR 4,219,295.27
Other debtors and assets
EUR 1,398,719.74
Liquid means
EUR 259,830.95
Remaining other assets
EUR 98,640.37
Accruals (assets)
EUR 51,423.19
thereof disagio
EUR 18,640.10
Active difference from asset
offsetting
EUR 47,217.18
LIABILITIES EUR 28,422,807.92
Shareholders' equity
EUR 6,630,418.84
Capital
EUR 3,806,000.00
Subscribed capital (share capital)
EUR 3,806,000.00
Reserves
EUR 781,514.88
Capital reserves
EUR 720,040.00
Retained earnings / revenue reserves EUR 61,474.88
Balance sheet profit/loss (+/-)
EUR 2,042,903.96
Balance sheet profit / loss
EUR 2,042,903.96
Provisions
EUR 301,088.05
Provisions for taxes
EUR 73,180.00
Other / unspecified provisions
EUR 227,908.05
Liabilities
EUR 21,491,301.03
Financial debts
EUR 18,707,076.62
Liabilities due to banks EUR 18,707,076.62
Other liabilities
EUR 2,784,224.41
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,865,160.11
Unspecified other liabilities
EUR 919,064.30
thereof liabilities from tax /
financial authorities
EUR 63,077.63
thereof liabilities from social
security
EUR 5,383.07
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales
EUR 46,354,663.92
Inventory change + own costs (+/-)
EUR 134,682.42
Inventory change (+/-)
EUR 134,682.42
Other operating income
EUR 638,989.07
Cost of materials
EUR 36,966,327.76
Raw materials and supplies, purchased
goods
EUR 36,912,373.35
Purchased services EUR 53,954.41
Gross result (+/-)
EUR 10,162,007.65
Staff expenses
EUR 3,899,841.55
Wages and salaries
EUR 3,308,599.69
Social security contributions and
expenses for pension plans and
benefits
EUR 591,241.86
Total depreciation
EUR 730,323.37
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 730,323.37
Other operating expenses
EUR 4,033,831.19
Operating result from continuing
operations
EUR 1,498,011.54
Interest result (+/-)
EUR -960,150.20
Interest and similar income
EUR 85,704.41
Interest and similar expenses
EUR 1,045,854.61
Financial result (+/-) EUR -960,150.20
Result from ordinary operations (+/-)
EUR 537,861.34
Income tax / refund of income tax (+/-)EUR -203,892.90
Other taxes / refund of taxes
EUR -17,055.52
Tax (+/-) EUR -220,948.42
Annual surplus / annual deficit
EUR 316,912.92
Type of balance sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 23,725,665.83
Fixed assets
EUR 7,272,348.84
Intangible assets
EUR 129,564.00
Concessions, licences, rights
EUR 73,401.00
Goodwill EUR 56,163.00
Tangible assets
EUR 5,925,224.00
Land / similar rights
EUR 4,105,601.00
Plant / machinery
EUR 1,494,714.00
Other tangible assets / fixtures and
fittings
EUR 324,909.00
Financial assets
EUR 1,217,560.84
Shares in participations /
subsidiaries and the like
EUR 1,217,560.84
Shares in investee companies
EUR 1,217,560.84
Current assets
EUR 16,379,002.97
Stocks
EUR 8,725,848.77
Raw materials, consumables and
supplies EUR 1,244,115.95
Finished goods / work in progress
EUR 6,070,261.86
Advance payments made
EUR 1,411,470.96
Accounts receivable
EUR 7,652,122.22
Trade debtors EUR 3,509,027.45
Amounts due from investee companies
EUR 2,734,654.15
Other debtors and assets
EUR 1,408,440.62
Liquid means
EUR 1,031.98
Remaining other assets
EUR 74,314.02
Accruals (assets)
EUR 35,049.06
thereof disagio
EUR 18,878.80
Other assets
EUR 39,264.96
LIABILITIES EUR 23,725,665.83
Shareholders' equity
EUR 6,313,505.92
Capital
EUR 3,806,000.00
Subscribed capital (share capital)
EUR 3,806,000.00
Reserves
EUR 781,514.88
Capital reserves
EUR 720,040.00
Retained earnings / revenue reserves EUR 61,474.88
Balance sheet profit/loss (+/-)
EUR 1,725,991.04
Balance sheet profit / loss
EUR 1,725,991.04
Provisions
EUR 305,300.75
Other / unspecified provisions
EUR 305,300.75
Liabilities
EUR 17,106,859.16
Financial debts
EUR 15,019,233.26
Liabilities due to banks
EUR 15,019,233.26
Other liabilities
EUR 2,087,625.90
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,504,520.26
Unspecified other liabilities
EUR 583,105.64
thereof liabilities from tax /
financial authorities
EUR 35,059.67
thereof liabilities from social
security
EUR 3,468.39
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales
EUR 38,816,895.75
Inventory change + own costs (+/-)
EUR 150,388.59
Inventory change (+/-)
EUR 150,388.59
Other operating income
EUR 425,244.21
Cost of materials EUR 30,107,079.50
Raw materials and supplies, purchased
goods
EUR 30,048,199.72
Purchased services
EUR 58,879.78
Gross result (+/-)
EUR 9,285,449.05
Staff expenses
EUR 3,528,257.83
Wages and salaries
EUR 2,981,194.51
Social security contributions and
expenses for pension plans and
benefits EUR 547,063.32
Total depreciation
EUR 640,703.77
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 640,703.77
Other operating expenses
EUR 3,842,896.44
Operating result from continuing
operations
EUR 1,273,591.01
Interest result (+/-)
EUR -870,859.69
Interest
and similar income EUR 40,551.56
Interest and similar expenses
EUR 911,411.25
Financial result (+/-)
EUR -870,859.69
Result from ordinary operations (+/-)
EUR 402,731.32
Extraordinary income
EUR 13,865.00
Extraordinary result (+/-)
EUR 13,865.00
Income tax / refund of income tax (+/-)EUR -159,330.56
Other taxes / refund of taxes
EUR -16,813.76
Tax (+/-)
EUR -176,144.32
Annual surplus / annual deficit
EUR 240,452.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.11 |
INFORMATION DETAILS
|
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.