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Report Date : |
27.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
H&F INDUSTRY GMBH |
|
|
|
|
Registered Office : |
Zeppelinstr. 1, D 18196 Kavelstorf |
|
|
|
|
Country : |
Germany |
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|
|
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Financials (as on) : |
30.09.2012 |
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|
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Date of Incorporation : |
17.05.1991 |
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|
|
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Com. Reg. No.: |
HRB 2381 |
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Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
·
Manufacturer
of computers and peripheral equipment ·
Manufacturer
of instruments and appliances for measuring, testing and navigation ·
Agents
involved in the sale of machines (except agricultural machinery and office
machinery) and industrial supplies |
|
|
|
|
No. of Employees |
110 |
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 |
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|
|
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
H&F INDUSTRY GmbH
Zeppelinstr. 1
D 18196 Kavelstorf
Telephone: 038208/699-0
Telefax:
038208/699-99
Homepage: www.hf-industry.de
E-mail: info@hf-industry.de
active
DE137474381
081/110/02364
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 17.05.1991
Begin of business
activities: 17.05.1991
Shareholders'
agreement: 17.05.1991
Registered on: 13.01.1992
Commercial Register: Local court 18057 Rostock
under: HRB
2381
Share capital: EUR 500,000.00
VINCI Energies Deutschland GmbH
Colmarer Str. 11
D 60528 Frankfurt
Legal form: Private limited company
Share capital: EUR
10,100,000.00
Share: EUR 350,000.00
Registered on: 02.12.2003
Reg. data: 60313 Frankfurt, HRB 57946
Shareholder:
H&F Verwaltungs-GmbH
Zeppelinstr. 1
D 18196 Kavelstorf
Legal form: Private
limited company
Share capital: EUR 25,100.00
Share: EUR 150,000.00
Registered on: 30.09.2009
Reg. data: 18057 Rostock,
HRB 11351
Andreas Felske
Dammer Str. 1
D 18196 Kavelstorf
having sole power of representation
born: 30.08.1958
Profession: Master electrician
Marital status: married
Manager:
Karsten Wacker
Feldweg 5
D 27726 Worpswede
having sole power of
representation
born: 18.12.1958
Profession: graduate
engineer
Marital status: married
Manager:
Michael Marter
D 10115 Berlin
born: 17.08.1950
Further
functions/participations of Andreas Felske (Manager)
General
partner:
Torsten Morwinsky, Andreas
Felske
Zeppelinstr. 1
D 18196 Kavelstorf
Legal form: Partnership
under the Civil Code
Shareholder:
KATO GmbH
Zeppelinstr. 1
D 18196 Kavelstorf
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 9,620.00
Registered
on: 08.06.2012
Reg. data: 18057 Rostock, HRB 12277
Shareholder:
H&F Verwaltungs-GmbH
Zeppelinstr. 1
D 18196 Kavelstorf
Legal form: Private
limited company
Share capital: EUR 25,100.00
Share: EUR 9,287.00
Registered
on: 30.09.2009
Reg. data: 18057 Rostock, HRB 11351
Manager:
H&F Verwaltungs-GmbH
Zeppelinstr. 1
D 18196 Kavelstorf
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 30.09.2009
Reg. data: 18057 Rostock, HRB 11351
Manager:
KATO GmbH
Zeppelinstr. 1
D 18196 Kavelstorf
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 08.06.2012
Reg. data: 18057 Rostock, HRB 12277
Further
functions/participations of Karsten Wacker (Manager)
Shareholder:
KATO GmbH
Zeppelinstr. 1
D 18196 Kavelstorf
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 9,620.00
Registered
on: 08.06.2012
Reg. data: 18057 Rostock, HRB 12277
Shareholder:
H&F Verwaltungs-GmbH
Zeppelinstr. 1
D 18196 Kavelstorf
Legal form: Private limited company
Share capital: EUR 25,100.00
Share: EUR 9,287.00
Registered
on: 30.09.2009
Reg. data: 18057 Rostock, HRB 11351
Manager:
KATO GmbH
Zeppelinstr. 1
D 18196 Kavelstorf
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 08.06.2012
Reg. data: 18057 Rostock, HRB 12277
Manager:
H&F Verwaltungs-GmbH
Zeppelinstr. 1
D 18196 Kavelstorf
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 30.09.2009
Reg. data: 18057 Rostock, HRB 11351
Manager:
H & F pro aqua GmbH
Zeppelinstr. 1
D 18196 Kavelstorf
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 24.08.2009
Reg. data: 18057 Rostock, HRB 11321
Further functions/participations of Michael Marter
(Manager)
Manager:
Actemium Cegelec GmbH
Colmarer Str. 11
D 60528 Frankfurt
Legal form: Private
limited company
Share capital: EUR 3,500,000.00
Registered
on: 29.06.2006
Reg. data: 60313 Frankfurt, HRB 77473
Manager:
Cegelec Contracting GmbH
Industriestr. 70
D 04435 Schkeuditz
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 31.07.2001
Reg. data: 04275 Leipzig, HRB 18073
Proxy:
Actemium Controlmatic
GmbH
Colmarer Str. 11
D 60528 Frankfurt
Post Box:
56 02 00
Legal form: Private
limited company
Share capital: EUR 3,120,000.00
Registered
on: 20.09.1971
Reg. data: 60313 Frankfurt, HRB 12686
17.05.1991 - 24.03.1995 H & F INDUSTRY DATA GmbH
Haus Nr. 42
D 18196 Bandelstorf
Private limited
company
24.03.1995 - 18.12.2012 H & F INDUSTRY DATA GmbH
Zeppelinstr. 1
D 18196 Kavelstorf
Private limited
company
Sectors
26200 Manufacturer of
computers and peripheral equipment
26511 Manufacturer of
instruments and appliances for measuring, testing and navigation
46141 Agents involved in
the sale of machines (except agricultural machineryand office machinery) and
industrial supplies n.e.c.
Branch:
H&F INDUSTRY GmbH
Im Schluh 37a
D 27726 Worpswede
TEL.: 04792/950443
Reg. entry: 27.12.1995
Payment
experience: within agreed terms
Negative
information: We have no negative
information at hand.
Balance
sheet year: 2011/2012
Type of ownership: Tenant
Address Zeppelinstr.
1
D 18196 Kavelstorf
Type of ownership: Tenant
Address Im
Schluh 73a
D 27726 Worpswede
Land register documents were not
available.
Principal bank
UNICREDIT BANK - HYPOVEREINSBANK, 18055
ROSTOCK
Sort. code: 20030000, Account no.:
638646638
BIC: HYVEDEMM300, IBAN:
DE07200300000638646638
Turnover: 2011/2012 EUR 11,672,514.00
2012/2013 EUR 18,500,000.00
Expected turnover: EUR 19,000,000.00
Profit: 2011/2012 EUR
143,367.00
further business figures:
Equipment: EUR 382,782.00
Ac/ts receivable: EUR 2,239,229.00
Liabilities: EUR 3,641,840.00
Real
estate of the firm:
EUR 20,309.00
Total numbers of vehicles: 40
-
Passenger cars:
27
Employees: 110
-
thereof permanent staff: 104
-
Trainees:
6
Balance sheet ratios 01.10.2011 - 30.09.2012
Equity ratio [%]: 48.28
Liquidity
ratio: 4.62
Return on total capital [%]: 2.46
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: 01.10.2011 - 30.09.2012
ASSETS EUR 5,856,178.60
Fixed assets
EUR 496,219.00
Intangible assets
EUR 28,285.00
Other / unspecified intangible assetsEUR 28,285.00
Tangible assets
EUR 467,934.00
Land / similar rights
EUR 20,309.00
Plant / machinery EUR 64,843.00
Other tangible assets / fixtures and
fittings
EUR 382,782.00
Current assets
EUR 5,272,433.98
Stocks
EUR 1,898,957.16
Accounts receivable
EUR 2,239,229.09
Amounts due from related companies
EUR 458,257.28
Amounts due from investee companies
EUR 3,261.61
Other debtors and assets
EUR 1,777,710.20
Liquid means
EUR 1,134,247.73
Remaining other assets
EUR 87,525.62
Accruals (assets)
EUR 87,525.62
LIABILITIES
EUR 5,856,178.60
Shareholders' equity
EUR 812,438.30
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Reserves EUR 180,071.61
Retained earnings / revenue reserves EUR 180,071.61
Balance sheet profit/loss (+/-)
EUR 132,366.69
Balance sheet profit / loss
EUR 132,366.69
Items between shareholders' equity and
debt capital
EUR 550,000.00
Mezzanine financing
EUR 550,000.00
Contributions of silent partners
EUR 550,000.00
Provisions EUR 848,200.00
Liabilities
EUR 3,641,840.30
Financial debts
EUR 281,250.00
Liabilities due to banks
EUR 281,250.00
Other liabilities
EUR 3,360,590.30
Liabililties due to related companiesEUR 2,036,092.01
Liabilities due to investee companiesEUR 24,000.00
Unspecified other liabilities
EUR 1,300,498.29
Other liabilities
EUR 3,700.00
Deferrals (liabilities)
EUR 3,700.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-) EUR 6,207,807.81
Staff expenses
EUR 3,721,875.53
Wages and salaries
EUR 3,007,298.91
Social security contributions and
expenses for pension plans and
benefits
EUR 714,576.62
Total depreciation
EUR 191,280.01
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 191,280.01
Other operating expenses
EUR 1,933,608.62
Operating result from continuing
operations
EUR 361,043.65
Interest result (+/-)
EUR -61,460.01
Interest
and similar income EUR 52,000.61
Interest and similar expenses
EUR 113,460.62
Financial result (+/-)
EUR -61,460.01
Result from ordinary operations (+/-)
EUR 299,583.64
Expenses for transfer of profits to a
parent company
EUR 11,000.00
Income tax / refund of income tax (+/-)EUR -138,798.29
Other taxes / refund of taxes
EUR -17,418.66
Tax
(+/-)
EUR -156,216.95
Annual surplus / annual deficit
EUR 132,366.69
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.17 |
|
UK Pound |
1 |
Rs.99.39 |
|
Euro |
1 |
Rs.83.09 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.