|
Report Date : |
19.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
LEONHARD HEYDEN GMBH |
|
|
|
|
Registered Office : |
Wilhelmstr. 17, D 57627 Hachenburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
1891 |
|
|
|
|
Com. Reg. No.: |
HRB 20439 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Wholesale of
leather goods, luggage, giftware and advertising articles ·
Retail sale of
leatheware and baggage |
|
|
|
|
No. of Employees : |
105 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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.60.12 |
|
|
1 |
Rs.102.00 |
|
Euro |
1 |
Rs.81.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.