|
Report Date : |
05.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
LEONHARD
HEYDEN GMBH |
|
|
|
|
Registered Office : |
Wilhelmstr.
17 D 57627 Hachenburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
11.09.2006 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees |
105 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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 |
LEONHARD HEYDEN GMBH
Company Status: active
Wilhelmstr. 17
D 57627 Hachenburg
Telephone:02662/95130
Telefax: 02662/2066
Homepage: www.leonhard-heyden.com
E-mail: office@leonhard-heyden.com
VAT no.: DE250564517
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1891
Shareholders'
agreement: 24.08.2006
Registered on: 11.09.2006
Commercial Register: Local court 56410
Montabaur
under: HRB 20439
Share capital: EUR 50,000.00
Shareholder:
Dietmar Jost
Saynstr. 22
D 57627 Hachenburg
born: 08.07.1960
Share: EUR 25,000.00
Shareholder:
Robert Adolf
Josef-Büsse-Str. 1
D 57627 Hachenburg
born: 11.01.1953
Share: EUR 25,000.00
Manager:
Dietmar Jost
Saynstr. 22
D 57627 Hachenburg
having sole power of
representation
born: 08.07.1960
Property regime: joint ownership of
property
by a married couple.
Marital status: married
Manager:
Robert Adolf
Josef-Büsse-Str. 1
D 57627 Hachenburg
having sole power of
representation
born: 11.01.1953
Marital status: married
Further functions/participations of Dietmar
Jost (Manager)
Shareholder:
Adolf & Jost
Verwaltungsgesellschaft mbH
Saynstr. 22
D 57627 Hachenburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 29.12.2008
Reg. data: 56410 Montabaur, HRB 21377
Manager:
Dietmar Jost GmbH i.G.
Johannistal 6-8
D 99974 Mühlhausen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Manager:
Adolf & Jost
Verwaltungsgesellschaft mbH
Saynstr. 22
D 57627 Hachenburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on:
29.12.2008
Reg. data: 56410 Montabaur, HRB 21377
Further functions/participations of Robert
Adolf (Manager)
Proprietor:
Robert Adolf
Lindenstr. 70
D 57627 Hachenburg
Legal form: Unregistered
commercial
enterprise
Proprietor:
Robert Adolf
Lindenstr. 68
D 57627 Hachenburg
Legal form: Unregistered commercial
enterprise
General partner:
Robert Adolf u. Cornelia
Kämpf
Graf-Heinrich-Str. 27
D 57627 Hachenburg
Legal form: Partnership under the
Civil Code
Limited partner:
VSH
Verwaltungsgesellschaft Saynstraße GmbH
& Co. KG
Wilhelmstr. 17
D 57627 Hachenburg
Legal form: Ltd partnership
with priv. ltd.
company as
general partner
Total cap. EUR 10,000.00
contribution:
Share: EUR 10,000.00
Registered
on: 11.05.2007
Reg. data: 56410 Montabaur, HRA 20370
Shareholder:
Haas GmbH
Lindenstr. 68
D 57627 Hachenburg
Legal form: Private
limited company
Share capital: EUR 150,000.00
Share: EUR 150,000.00
Registered
on: 02.09.2003
Reg. data: 56410 Montabaur, HRB 14725
Shareholder:
A S L GmbH Ademco
Sicherheitstechnik
Logistikcentrum
Lindenstr. 70
D 57627 Hachenburg
Legal form: Private
limited company
Share capital: EUR 76,693.78
Share: EUR 76,693.78
Registered
on: 06.07.1995
Reg. data: 56410 Montabaur, HRB 5148
Shareholder:
AMB R. Adolf - C. Kämpf
Mineralöle,
Schmierstoffe und
Transport GmbH
Graf-Heinrich-Str. 24
D 57627 Hachenburg
Legal form: Private
limited company
Share capital: EUR 153,387.56
Share: EUR 76,693.78
Registered
on: 20.12.1983
Reg. data: 56410 Montabaur, HRB 2776
Shareholder:
Pelz-Neu Gesellschaft mit
beschränkter
Haftung, Spezial Pelz-
und Lederreinigung
Lindenstr. 70
D 57627 Hachenburg
Legal form: Private
limited company
Share capital: EUR 25,600.00
Share: EUR 25,600.00
Registered
on: 13.05.1955
Reg. data: 56410 Montabaur, HRB 2465
Shareholder:
Adolf & Jost
Verwaltungsgesellschaft mbH
Saynstr. 22
D 57627 Hachenburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 29.12.2008
Reg. data: 56410 Montabaur, HRB 21377
Manager:
Pelz-Neu Gesellschaft mit
beschränkter
Haftung, Spezial Pelz-
und Lederreinigung
Lindenstr. 70
D 57627 Hachenburg
Legal form: Private
limited company
Share capital: EUR 25,600.00
Registered
on: 13.05.1955
Reg. data: 56410 Montabaur, HRB 2465
Manager:
Adolf & Jost
Verwaltungsgesellschaft mbH
Saynstr. 22
D 57627 Hachenburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 29.12.2008
Reg. data: 56410 Montabaur, HRB 21377
Manager:
A S L GmbH Ademco
Sicherheitstechnik
Logistikcentrum
Lindenstr. 70
D 57627 Hachenburg
Legal form: Private
limited company
Share capital: EUR 76,693.78
Registered
on: 06.07.1995
Reg. data: 56410 Montabaur, HRB 5148
Manager:
AMB R. Adolf - C. Kämpf
Mineralöle,
Schmierstoffe und
Transport GmbH
Graf-Heinrich-Str. 24
D 57627 Hachenburg
Legal form: Private
limited company
Share capital: EUR 153,387.56
Registered
on: 20.12.1983
Reg. data: 56410 Montabaur, HRB 2776
Manager:
Haas GmbH
Lindenstr. 68
D 57627 Hachenburg
Legal form: Private
limited company
Share capital: EUR 150,000.00
Registered
on: 02.09.2003
Reg. data:
56410 Montabaur, HRB 14725
11.09.2006 - 21.01.2013 Leonhard Heyden GmbH
Saynstr. 22
D 57627 Hachenburg
Private limited
company
Main industrial sector
15120
Processing of leather (except manufacture of leather apparel)
46493 Wholesale of leather goods, luggage,
giftware and advertising articles
47722 Retail sale of leatheware and baggage
Branch:
Leonhard Heyden GmbH
Entenpfuhl 29
D 56068 Koblenz
TEL.: 0261/1004014
Branch:
Leonhard Heyden GmbH
Alte Schönhauser Str. 35
D 10119 Berlin
TEL.: 030/20054164
Branch:
Leonhard Heyden GmbH
Clemensstr. 26-30
D 56068 Koblenz
TEL.: 0261/9144914
Branch:
Leonhard Heyden GmbH
Rosenthaler Str. 40 /41
D 10178 Berlin
TEL.: 030/23457895
Branch:
Leonhard Heyden GmbH
Grunerstr. 20
D 10179 Berlin
TEL.: 030/24085308
Branch:
Leonhard Heyden GmbH
Ehrenstr. 102
D 50672 Köln
TEL.: 0221/27095970
Branch:
Leonhard Heyden GmbH
Kasernenstr. 1a
D 40213 Düsseldorf
TEL.: 0211/86286363
Branch:
Leonhard Heyden GmbH
Wilhelmstr. 17
D 57627 Hachenburg
TEL.: 02662/9488058
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Wilhelmstr. 17
D 57627 Hachenburg
Real Estate of: Robert
Adolf
Type of ownership: proprietor
Share: 100.00 %
Address Lindenstr.
24
D 57627 Hachenburg
Residential floor 35,000.00
sq.m
space/ Usable floor
space:
Value at selling price: EUR 1,432,000.00
Real Estate of: Robert
Adolf
Type of ownership: proprietor
Share: 100.00 %
Address Brunnenstr.
17
D 57627 Gehlert
Real Estate of: Robert
Adolf
Type of ownership: proprietor
Share: 100.00 %
Address Lindenstr.
70
D 57627 Hachenburg
Real Estate of: Robert
Adolf
Type of ownership: proprietor
Share: 100.00 %
Address Saynstr.
22
D 57627
Hachenburg
Real Estate of: Robert
Adolf
Type of ownership: proprietor
Share: 100.00 %
Address Lindenstr. 74
D 57627 Hachenburg
Real Estate of: Robert
Adolf
Type of ownership: proprietor
Share: 100.00 %
Address Lindenstr. 68
D 57627 Hachenburg
Real Estate of: Robert
Adolf
Type of ownership: part
owner
Share: 50.00 %
Address Graf-Heinrich-Str.
24
D 57627 Hachenburg
Land register documents were not available.
Principal banks
WESTERWALD BANK, 57626 HACHENBURG
Sort. code: 57391800, Account no.: 5783402
BIC: GENODE51WW1
UNICREDIT BANK - HYPOVEREINSBANK, 50443 KÖLN
Sort. code: 37020090, Account no.: 18484560
BIC: HYVEDEMM429
KREISSPARKASSE ALTENKIRCHEN, 57602
ALTENKIRCHEN (WESTERWALD)
Sort. code: 57351030, Account no.: 50046697
BIC: MALADE51AKI
Further banks
NASSAUISCHE SPARKASSE, 57627 HACHENBURG
Sort. code: 51050015
BIC: NASSDE55XXX
POSTBANK, 51222 KÖLN
Sort. code: 37010050
BIC: PBNKDEFFXXX
Gross profit or
loss:2012 EUR 5,816,103.00
2013 EUR 5,900,000.00
Profit: 2012 EUR 24,613.00
further business figures:
Equipment: EUR 276,332.00
Ac/ts receivable: EUR 2,685,403.00
Liabilities: EUR 5,346,040.00
Total numbers of
vehicles:
13
- Passenger cars:
13
Employees:
105
- Part-time employees: 40
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 18.73
Liquidity ratio: 0.54
Return on total capital [%]: 0.38
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 21.18
Liquidity ratio: 0.61
Return on total capital [%]: 1.44
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 15.55
Liquidity ratio: 0.51
Return on total capital [%]: 0.06
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 19.77
Liquidity ratio: 0.65
Return on total capital [%]: -1.53
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 6,571,638.52
Fixed assets EUR 366,593.95
Intangible assets EUR 32,184.00
Goodwill EUR 19,430.00
Other / unspecified
intangible assetsEUR
12,754.00
Tangible assets EUR 290,680.00
Land / similar
rights EUR 3,020.00
Plant / machinery EUR 3,288.00
Other tangible assets /
fixtures and
fittings EUR 276,332.00
Advance payments made /
construction
in progress EUR 8,040.00
Financial assets EUR 43,729.95
Shares in participations
/
subsidiaries and the
like EUR 43,729.95
Shares in related
companies EUR 22,583.56
Shares in investee
companies EUR 21,146.39
Current assets EUR 6,160,329.57
Stocks EUR 3,350,061.52
Accounts receivable EUR 2,685,402.81
Amounts due from related
companies EUR 174,450.32
Other debtors and
assets EUR 2,510,952.49
Liquid means EUR 124,865.24
Remaining other
assets EUR 44,715.00
Accruals (assets) EUR 44,715.00
LIABILITIES EUR 6,571,638.52
Shareholders' equity EUR 1,013,799.94
Capital EUR 50,000.00
Subscribed capital
(share capital) EUR 50,000.00
Reserves EUR 433,800.00
Capital reserves EUR 433,800.00
Balance sheet profit/loss
(+/-) EUR 529,999.94
Balance sheet profit /
loss EUR 529,999.94
Provisions EUR 209,010.00
Other / unspecified
provisions EUR 209,010.00
Liabilities EUR 5,346,039.99
Financial debts EUR 3,066,724.37
Liabilities due to
banks EUR 3,066,724.37
Other liabilities EUR 2,279,315.62
Trade creditors (for IAS
incl. bills
of exchange) EUR 1,062,392.43
Liabilities due to
shareholders EUR 232,823.52
Unspecified other
liabilities EUR 984,099.67
Other liabilities EUR 2,788.59
Deferred taxes (not
included under
provisions/liabilities)
EUR 2,788.59
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 5,816,103.26
Staff expenses EUR 2,476,586.51
Total depreciation EUR 109,510.91
Other operating
expenses EUR 2,950,760.44
Operating result from
continuing
operations EUR 279,245.40
Result from participating
interests
(+/-) EUR 6,676.49
Expenses / income from
participations EUR 6,676.49
Income from related
companies EUR 6,676.49
Interest result (+/-) EUR -226,810.89
Interest and similar
income EUR 77,658.94
Interest and similar
expenses EUR 304,469.83
Financial result
(+/-) EUR -220,134.40
Result from ordinary
operations (+/-) EUR 59,111.00
Income tax / refund of
income tax (+/-)EUR -30,756.13
Other taxes / refund of
taxes EUR -3,742.00
Tax (+/-) EUR -34,498.13
Annual surplus / annual
deficit EUR 24,612.87
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 5,445,676.41
Fixed assets EUR 327,543.82
Intangible assets EUR 32,193.00
Goodwill EUR 30,391.00
Other / unspecified
intangible assetsEUR
1,802.00
Tangible assets EUR 252,339.00
Land / similar
rights EUR 3,310.00
Plant / machinery EUR 4,071.00
Other tangible assets /
fixtures and
fittings EUR 244,958.00
Financial assets EUR 43,011.82
Shares in participations
/
subsidiaries and the
like EUR 43,011.82
Shares in investee
companies EUR 43,011.82
Current assets EUR 4,997,865.75
Stocks EUR 2,500,257.39
Accounts receivable EUR 2,362,050.23
Other debtors and
assets EUR 2,362,050.23
Liquid means EUR 135,558.13
Remaining other
assets EUR 120,266.84
Accruals (assets) EUR 114,372.00
Deferred taxes
(assets) EUR 5,894.84
LIABILITIES EUR 5,445,676.41
Shareholders' equity EUR 989,187.07
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Third party shares
(+/-) EUR 458,800.00
Balance sheet profit/loss
(+/-) EUR 505,387.07
Balance sheet profit /
loss EUR 505,387.07
Provisions EUR 238,063.28
Liabilities EUR 4,218,426.06
Financial debts EUR 2,346,640.11
Liabilities due to
banks EUR 2,346,640.11
Other liabilities EUR 1,871,785.95
Unspecified other
liabilities EUR 1,871,785.95
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 5,505,734.61
Staff expenses EUR 2,056,710.94
Total depreciation EUR 109,934.62
Depreciation on current
assets (+/-) EUR 109,934.62
Other operating
expenses EUR 2,632,422.36
Operating result from
continuing
operations EUR 706,666.69
Result from participating
interests
(+/-) EUR 6,050.10
Expenses / income from
participations EUR 6,050.10
Income from related
companies EUR 6,050.10
Interest result (+/-) EUR -230,139.95
Interest and similar
income EUR 61,873.69
Interest and similar
expenses EUR 292,013.64
Financial result
(+/-) EUR -224,089.85
Result from ordinary
operations (+/-) EUR 482,576.84
Other extraordinary
income EUR -301,643.07
Income tax / refund of
income tax (+/-)EUR -99,494.80
Other taxes / refund of
taxes EUR -3,675.00
Tax (+/-) EUR -103,169.80
Annual surplus / annual
deficit EUR 77,763.97
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.34 |
|
|
1 |
Rs.99.18 |
|
Euro |
1 |
Rs.80.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.