MIRA INFORM REPORT

 

 

Report Date :

28.06.2014

 

IDENTIFICATION DETAILS

 

Name :

HÄBERLEIN GMBH

 

 

Registered Office :

Industriestr. 16, D 74239 Hardthausen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

2002

 

 

Com. Reg. No.:

HRB 108162

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Sawmilling and planing of wood

 

 

No. of Employees :

18

 

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 :

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

Company name and address

 

HÄBERLEIN GMBH

 

 Company Status:         active

                                    Industriestr. 16

                                     D 74239 Hardthausen

                                     Telephone:07139/1354

                                    Telefax:  07139/1364

                                    Homepage: www.haeberlein-gmbh.de

                                    E-mail:   info@haeberlein-gmbh.de

 

 VAT no.:                       DE813573249

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Company summary

 

 LEGAL FORM              Private limited company

 Date of foundation:      2002

 Shareholders'

 agreement:                   29.10.2002

 Registered on:             06.12.2002

 Commercial Register:   Local court 70190 Stuttgart

 under:                          HRB 108162

 

 Share capital:                          EUR             25,000.00

 

 Shareholder:

                      Maike Häberlein

                      D 74239 Hardthausen

                      born: 18.03.1961

                      Share:             EUR             25,000.00

 Manager:

                      Ulrich Scheuber-Häberlein

                      D 74239 Hardthausen

                      having sole power of representation

                      born: 27.11.1959

                      Marital status: married

 Manager:

                      Maike Häberlein

                      D 74239 Hardthausen

                      having sole power of representation

                      born: 18.03.1961

                      Marital status: married

 

 Further functions/participations of Maike Häberlein (Manager)

 Limited partner:

                      Häberlein GmbH & Co. KG

                      Industriestr. 16

                      D 74239 Hardthausen

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR            140,000.00

                      contribution:

                      Share:             EUR            140,000.00

                      Registered

                      on:         16.07.1947

                      Reg. data:  70190 Stuttgart, HRA 101107

 Shareholder:

                      Häberlein Verwaltungsgesellschaft mbH

                      Industriestr. 16

                      D 74239 Hardthausen

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Share:             EUR             25,564.59

                      Registered

                      on:         11.02.1997

                      Reg. data:  70190 Stuttgart, HRB 106256

 Manager:

                      Häberlein Verwaltungsgesellschaft mbH

                      Industriestr. 16

                      D 74239 Hardthausen

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         11.02.1997

                      Reg. data:  70190 Stuttgart, HRB 106256

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 1610    Sawmilling and planing of wood

 

 

 

FINANCIAL INFORMATION

 

 Payment experience:    within periods customary in this trade

 

 Negative information:   We have no negative information at hand.

 

 Balance sheet year:       2012

 

 

 REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Industriestr. 16

                                    D 74239 Hardthausen

 

 Land register documents were not available.

 

 

 BANKERS

 

 COMMERZBANK, 74004 HEILBRONN, NECKAR

 Sort. code: 62040060

 BIC: COBADEFFXXX

 VOLKSBANK MÖCKMÜHL-NEUENSTADT, 74215 MÖCKMÜHL

 Sort. code: 62091600

 BIC: GENODES1VMN

 KREISSPARKASSE HEILBRONN, 74014 HEILBRONN, NECKAR

 Sort. code: 62050000

 BIC: HEISDE66XXX

 

 

 FINANCIAL FIGURES

 

 Turnover:                      2012               EUR          3,000,000.00

                                     2013               EUR          3,200,000.00

 further business figures:

 Equipment:                                                      EUR            500,000.00

 Ac/ts receivable:                                              EUR            604,124.00

 Liabilities:                                            EUR          3,204,286.00

 Employees:                                                                        18

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                        25.48

 Liquidity ratio:                                           0.19

 Return on total capital [%]:           1.46

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                         29.54

 Liquidity ratio:                          0.22

 Return on total capital [%]:          2.76

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                        30.69

 Liquidity ratio:                             0.39

 Return on total capital [%]:           2.75

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                         24.49

 Liquidity ratio:                           0.25

 Return on total capital [%]:           2.89

 

 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          4,397,779.98

  Fixed assets                           EUR            220,735.00

   Intangible assets                     EUR                  1.00

   Tangible assets                       EUR            220,734.00

  Current assets                         EUR          4,176,472.11

   Stocks                                EUR          3,527,576.00

   Accounts receivable                   EUR            604,123.62

   Liquid means                          EUR             44,772.49

  Remaining other assets                 EUR                572.87

   Accruals (assets)                     EUR                572.87

 

 LIABILITIES                             EUR          4,397,779.98

  Shareholders' equity                   EUR          1,120,702.68

   Capital                               EUR             25,000.00

    Subscribed capital (share capital)   EUR             25,000.00

   Reserves                              EUR            600,000.00

    Capital reserves                     EUR            600,000.00

   Balance sheet profit/loss (+/-)       EUR            495,702.68

    Balance sheet profit / loss          EUR            495,702.68

  Provisions                             EUR             72,791.31

  Liabilities                            EUR          3,204,285.99

 

 Type of balance  sheet:               Company balance sheet

 

 Financial year:      01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR          3,577,031.70

  Fixed assets                           EUR            266,875.00

   Intangible assets                     EUR                  1.00

    Other / unspecified intangible assetsEUR                  1.00

   Tangible assets                       EUR            266,874.00

    Other / unspecified tangible assets  EUR            266,874.00

  Current assets                         EUR          3,305,492.46

   Stocks                                EUR          2,720,706.07

   Accounts receivable                   EUR            518,234.61

    Other debtors and assets             EUR            518,234.61

   Liquid means                          EUR             66,551.78

  Remaining other assets                 EUR              4,664.24

   Accruals (assets)                     EUR              4,664.24

 

 LIABILITIES                             EUR          3,577,031.70

  Shareholders' equity                   EUR          1,056,510.71

   Capital                               EUR             25,000.00

    Subscribed capital (share capital)   EUR             25,000.00

   Reserves                              EUR            600,000.00

    Capital reserves                     EUR            600,000.00

   Balance sheet profit/loss (+/-)       EUR            431,510.71

    Balance sheet profit / loss          EUR            431,510.71

  Provisions                             EUR             93,347.87

  Liabilities                            EUR          2,427,173.12

   Other liabilities                     EUR          2,427,173.12

    Unspecified other liabilities        EUR          2,427,173.12

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.10

UK Pound

1

Rs.102.40

Euro

1

Rs.81.88

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.