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Report Date : |
21.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
HOCHBACH GMBH |
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|
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Registered Office : |
Schönbuchstr. 28, D 70771 Leinfelden-Echterdingen |
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|
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Country : |
Germany |
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|
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Financials (as on) : |
31.12.2012 |
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|
|
|
Date of Incorporation : |
1964 |
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|
|
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Com. Reg. No.: |
HRB 221395 |
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Legal Form : |
Private limited company |
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|
|
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Line of Business : |
·
Agents involved
in the sale of iron, metal and plastic goods ·
Non-specialized
wholesale of raw materials and half-finished and finished goods |
|
|
|
|
No. of Employees : |
16 |
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 |
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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 |
|
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 |
HOCHBACH GMBH
Company Status: active
Schönbuchstr. 28
D 70771 Leinfelden-Echterdingen
Telephone:0711/903760
Telefax: 0711/9037620
Homepage:
www.hochbach.de
E-mail:
info@hochbach.de
VAT no.: DE147821697
Tax ID number: 99024/12213
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1964
Shareholders'
agreement: 24.06.1980
Registered on: 19.08.1980
Commercial Register: Local court 70190 Stuttgart
under: HRB
221395
Share
capital: EUR 52,000.00
Shareholder:
Axel Hochbach
D 70173 Stuttgart
Share: EUR 23,350.00
Shareholder:
Peer Hochbach
Schönbuchstr. 28
D 70771
Leinfelden-Echterdingen
born: 24.10.1931
Share: EUR 13,050.00
Shareholder:
Elsbeth Hochbach
D 70771
Leinfelden-Echterdingen
Share: EUR 5,200.00
Shareholder:
Ina Birgit Hochbach
D 80333 München
Share: EUR 5,200.00
Shareholder:
Astrid Benedikte Hochbach
D 70771
Leinfelden-Echterdingen
Share: EUR 5,200.00
Manager:
Axel Hochbach
D 70173 Stuttgart
having sole power of
representation
Profession: Businessman
15.11.1964 - 18.08.1980 Peer hochbach e.K.
D 70771
Leinfelden-Echterdingen
Sole proprietorship
Main
industrial sector
46154 Agents
involved in the sale of iron, metal and plastic goods n.e.c.
46902
Non-specialized wholesale of raw materials and half-finished and
finished goods
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Schönbuchstr.
28
D 70771
Leinfelden-Echterdingen
Land register documents were not available.
Principal
bank
DEUTSCHE BANK, 70745 LEINFELDEN-ECHTERDINGEN
Sort. code: 60070070, Account no.: 8818338
BIC: DEUTDESSXXX
Further
banks
COMMERZBANK, 70049 STUTTGART
Sort. code: 60040071, Account no.: 5203302
BIC: COBADEFFXXX
DEUTSCHE BANK, 70049 STUTTGART
Sort. code: 60070070
BIC: DEUTDESSXXX
Turnover: 2012 EUR 10,375,949.00
2013
EUR 12,000,000.00
Profit: 2012
EUR 357,679.00
further business figures:
Ac/ts receivable: EUR
1,771,572.00
Liabilities: EUR 1,583,029.00
Total numbers of vehicles: 4
- Passenger cars: 4
Employees:
16
- thereof permanent staff: 8
- Part-time employees: 3
- Freelancer:
4
- Temporary workers: 1
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 34.75
Liquidity ratio: 1.33
Return on total capital [%]: 3.16
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 27.22
Liquidity ratio: 1.25
Return on total capital [%]: 9.44
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 28.72
Liquidity ratio: 1.76
Return on total capital [%]: 10.35
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 22.48
Liquidity ratio: 1.60
Return on total capital [%]: 9.69
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 3,407,611.74
Fixed assets
EUR 65,039.06
Tangible assets
EUR 65,039.06
Current assets
EUR 3,342,572.68
Stocks
EUR 1,319,594.99
Accounts receivable
EUR 1,771,572.35
Liquid means
EUR 251,405.34
LIABILITIES EUR 3,407,611.74
Shareholders' equity
EUR 1,184,266.49
Capital
EUR 52,000.00
Subscribed capital (share capital)
EUR 52,000.00
Reserves
EUR 260,000.00
Capital reserves EUR 260,000.00
Balance sheet profit/loss (+/-)
EUR 872,266.49
Balance sheet profit / loss
EUR 872,266.49
Provisions
EUR 640,316.12
Liabilities EUR 1,583,029.13
Other liabilities
EUR 0.00
Unspecified other liabilities
EUR 0.00
thereof liabilities from tax /
financial authorities EUR 15,438.47
Type of
balance sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 3,955,445.68
Fixed assets
EUR 65,643.08
Tangible assets
EUR 65,643.08
Other tangible assets / fixtures and
fittings
EUR 65,643.08
Current assets
EUR 3,884,616.10
Stocks
EUR 1,279,302.34
Finished goods / work in progress
EUR 1,271,302.34
Advance payments made
EUR 8,000.00
Accounts receivable
EUR 1,990,380.09
Trade debtors
EUR 1,891,463.86
Other debtors and assets
EUR 98,916.23
Liquid means
EUR 614,933.67
Remaining other assets EUR 5,186.50
Accruals (assets)
EUR 5,186.50
LIABILITIES EUR 3,955,445.68
Shareholders' equity
EUR 1,076,587.17
Capital EUR 52,000.00
Subscribed capital (share capital)
EUR 52,000.00
Reserves
EUR 260,000.00
Capital reserves
EUR 260,000.00
Balance sheet profit/loss (+/-)
EUR 764,587.17
Profit / loss brought forward
EUR 391,034.32
Annual surplus / annual deficit
EUR 373,552.85
Provisions
EUR 666,130.38
Pension provisions and comparable
provisions
EUR 403,113.97
Provisions for taxes
EUR 113,514.03
Other / unspecified provisions
EUR 149,502.38
Liabilities EUR 2,212,728.13
Other liabilities
EUR 2,212,728.13
Trade creditors (for IAS incl. bills
of exchange)
EUR 722,940.58
Liabilities from received advance
payments
EUR 777,514.07
Unspecified other liabilities
EUR 712,273.48
thereof liabilities from tax /
financial authorities
EUR 18,447.50
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales
EUR 11,090,447.04
Other operating income
EUR 96,622.98
Cost of materials
EUR 7,932,618.00
Raw materials and supplies, purchased
goods
EUR 7,932,618.00
Gross result (+/-)
EUR 3,254,452.02
Staff expenses
EUR 984,145.09
Wages and salaries
EUR 751,606.71
Social security contributions and
expenses for pension plans and
benefits
EUR 232,538.38
Total depreciation
EUR 18,557.42
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 18,557.42
Other operating expenses
EUR 1,652,212.42
Operating result from continuing
operations
EUR 599,537.09
Interest result (+/-)
EUR -48,759.57
Interest and similar income
EUR 12,229.09
Interest and similar expenses EUR 60,988.66
Financial result (+/-)
EUR -48,759.57
Result from ordinary operations (+/-)
EUR 550,777.52
Income tax / refund of income tax (+/-)EUR -176,238.67
Other taxes / refund of taxes
EUR -986.00
Tax (+/-)
EUR -177,224.67
Annual surplus / annual deficit
EUR 373,552.85
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.28 |
|
|
1 |
Rs.102.77 |
|
Euro |
1 |
Rs.82.12 |
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.