|
Report Date : |
09.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
HORIBA EUROPE GMBH |
|
|
|
|
Registered Office : |
Hans-Mess-Str. 6, D 61440 Oberursel |
|
|
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|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
29.06.1972 |
|
|
|
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Com. Reg. No.: |
HRB 9816 |
|
|
|
|
Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
·
Manufacture of instruments and appliances for
measuring, testing and navigation ·
Wholesale of computers, computer peripheral
equipment and software ·
Other software development activities |
|
|
|
|
No. of Employees |
Not Available |
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 |
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Litigation : |
Clear |
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|||
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 |
Horiba Europe GmbH
Hans-Mess-Str. 6
D 61440 Oberursel
Telephone:06172/13960
Telefax:
06172/137385
Homepage: www.horiba.com/de/
DE114165789
LEGAL FORM Private limited company
Date of foundation: 29.06.1972
Shareholders'
agreement: 29.06.1972
Registered on: 20.12.2004
Commercial Register: Local court 61352 Bad Homburg
under: HRB 9816
Share capital: EUR
8,802,000.00
Horiba Ltd.
2
Miyanohigashi, Kisshoin
J 601-8510
Kyoto
Legal form:
Other legal form
Share: EUR 6,601,500.00
Shareholder:
Horiba Europe
Holding
10 rue de la
Paix
F 75002 Paris
Legal form: Other legal form
Share: EUR 2,200,500.00
Richard Drake
GB -
Northampton
authorized to
jointly represent the company
Nationality:
British
Manager:
Jörg Brunke
D 72336
Balingen
born:
30.10.1960
Profession:
Businessman
Marital
status: married
Manager:
Takashi
Nagano
D 65812 Bad
Soden
having sole
power of representation
born:
13.04.1962
Manager:
Sunao Kikkawa
J Kyoto
having sole power of
representation
born:
10.04.1951
Nationality:
Japanese
Manager:
Hiroshi
Kawamura
J Kyoto
having sole
power of representation
born:
29.09.1965
Nationality:
Japanese
Manager:
Jai Krishan
Hakhu
USA Los Gatos
having sole
power of representation
born:
09.07.1947
Nationality:
USA
Manager:
Jean Pierre
Surin
F Croissy sur Seine
born:
28.03.1967
Nationality:
French
Dr. Torsten
Laube
D 63329
Egelsbach
authorized to
jointly represent the company
born:
15.10.1963
Proxy:
Armin Heck
D 65824
Schwalbach
authorized to
jointly represent the company
born:
16.08.1955
Proxy:
Jonathan
Eaton
GB Marsh
authorized to
jointly represent the company
born:
24.07.1963
Nationality:
British
Proxy:
Heiko Lampert
D 61348 Bad
Homburg
authorized to
jointly represent the company
born:
24.07.1963
Manager:
Horiba Europe
Automation Division GmbH
Zabergäustr.
3
D 73765
Neuhausen
Legal form:
Private limited company
Share capital: EUR 127,822.97
Registered
on: 30.05.1996
Reg.
data: 70190 Stuttgart, HRB 213200
29.06.1972 - 20.11.1997 Horiba
Europe GmbH
Industriestr. 8
D 61449
Steinbach
Private
limited company
21.11.1997 - 20.12.2004 Horiba
Europe GmbH
Hauptstr.
108
D 65843
Sulzbach
Private limited company
08.09.2008 - 23.05.2013 Manager
Dr.
Karl-Hermann Breyer
D 89518
Heidenheim
Main industrial sector
26511 Manufacture of instruments
and appliances for measuring,
testing and navigation
Secondary industrial sector
4651 Wholesale of computers,
computer peripheral equipment and
software
46520 Wholesale of electronic
and telecommunications equipment
and parts
62019 Other software development
activities
Branch:
Horiba Europe
GmbH
Julius-Kronenberg-Str. 9
D 42799
Leichlingen
TEL.: 02175/8978-0
FAX.:
02175/8978-50
Branch:
Horiba Europe
GmbH
D 30159
Hannover
TEL.:
0511/741095
Branch:
Horiba Europe
GmbH
D 80331 München
Branch:
Horiba Europe
GmbH
In der Klaust
4 a
D 34260
Kaufungen
TEL.:
05605-925084
FAX.:
05605-925085
Branch:
Horiba Europe
GmbH
Neuendorfer
Str. 39a
D 14480
Potsdam
TEL.:
0331-6490070
FAX.:
0331-6490074
Branch:
Horiba Europe
GmbH
Zabergäustr.
3
D 73765 Neuhausen
TEL.:
07158/933300
Branch:
Horiba Europe
GmbH
Landwehrstr.
55
D 64293
Darmstadt
TEL.:
06151/50000
FAX.:
06151/50001235
Shareholder:
Horiba Europe
Automation Division GmbH
Zabergäustr.
3
D 73765
Neuhausen
Legal form:
Private limited company
Company Status: active
Share
capital: EUR 127,822.97
Share: EUR 127,822.97
Reg.
data: 30.05.1996
Local court 70190 Stuttgart
HRB 213200
Payment experience: cash
discount/within agreed terms
Negative information:We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address
Hans-Mess-Str. 6
D 61440
Oberursel
Land register documents were not available.
Principal bank
COMMERZBANK, 60005 FRANKFURT AM MAIN
Sort. code: 50040000
BIC: COBADEFFXXX
Turnover: 2012 EUR 133,852,947.00
Profit: 2012 EUR 9,565,978.00
Equipment: EUR 3,755,459.00
Ac/ts
receivable:
EUR 37,031,822.00
Liabilities: EUR 50,452,996.00
Total
numbers of vehicles: 4
-
Passenger cars:
4
Employees: 428
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]:
28.64
Liquidity ratio:
0.83
Return on total capital [%]:
9.33
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]:
30.23
Liquidity ratio:
0.93
Return on total capital [%]:
-0.16
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]:
33.32
Liquidity ratio:
0.78
Return on total capital [%]:
0.77
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]:
37.27
Liquidity ratio:
0.85
Return on total capital [%]:
1.40
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 103,676,237.93
Fixed assets EUR 5,972,881.59
Intangible assets EUR 124,700.71
Concessions, licences, rights EUR 124,700.71
Tangible assets EUR 4,837,052.65
Land / similar rights EUR 1,077,208.53
Other tangible assets / fixtures and
fittings EUR 3,755,459.12
Advance payments made / construction
in progress EUR 4,385.00
Financial assets EUR 1,011,128.23
Shares in participations /
subsidiaries and the like EUR 1,011,128.23
Shares in related companies EUR 1,011,128.23
Current assets EUR 97,533,615.69
Stocks EUR 53,197,665.84
Raw materials, consumables and
supplies EUR 2,466,131.46
Finished goods / work in progress EUR
42,668,406.42
Advance payments made EUR 8,063,127.96
Accounts receivable EUR 37,031,821.90
Trade debtors EUR 25,347,266.31
Amounts due from related companies EUR
8,400,280.99
Other debtors and assets EUR 3,284,274.60
Liquid means EUR 7,304,127.95
Remaining other assets EUR 169,740.65
Accruals (assets) EUR 169,740.65
LIABILITIES EUR 103,676,237.93
Shareholders' equity EUR 30,482,438.32
Capital EUR 8,802,000.00
Subscribed capital (share capital) EUR
8,802,000.00
Reserves EUR 6,528,643.77
Capital reserves EUR 5,000,000.00
Retained earnings / revenue reserves
EUR 1,528,643.77
Balance sheet profit/loss (+/-) EUR 15,151,794.55
Profit / loss brought forward EUR 5,585,816.17
Annual surplus / annual deficit EUR 9,565,978.38
Provisions EUR 22,740,803.63
Pension provisions and comparable
provisions EUR 912,470.88
Provisions for taxes EUR 780,141.41
Other / unspecified provisions EUR 21,048,191.34
Liabilities EUR 50,452,995.98
Financial debts EUR 9,500,000.00
Liabilities due to banks EUR 9,500,000.00
Other liabilities EUR 40,952,995.98
Trade creditors (for IAS incl. bills
of exchange) EUR 15,368,970.47
Liabilities from received advance
payments EUR 15,591,493.88
Liabililties due to related companiesEUR 8,426,695.38
Unspecified other liabilities EUR 1,565,836.25
Guarantees and other commitments EUR 350,000.00
Guarantees / warranties EUR 350,000.00
Guarantees EUR 350,000.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 133,852,947.12
Inventory change + own costs (+/-) EUR 9,486,205.19
Inventory change (+/-) EUR 8,770,637.30
Capitalised own costs EUR 715,567.89
Other operating income EUR 5,720,608.80
Cost of materials EUR 91,695,659.67
Raw materials and supplies, purchased
goods EUR 81,213,128.09
Purchased services EUR 10,482,531.58
Gross result (+/-) EUR 57,364,101.44
Staff expenses EUR 31,871,758.51
Wages and salaries EUR 26,912,826.65
Social security contributions and
expenses for pension plans and
benefits EUR 4,958,931.86
Total depreciation EUR 1,218,837.98
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,218,837.98
Other operating expenses EUR 20,454,378.41
Operating result from continuing
operations EUR 3,819,126.54
Result from participating interests
(+/-) EUR 9,493,723.24
Expenses / income from participations
EUR 10,160,778.87
Income from related companies EUR 10,160,778.87
Expenses for participations EUR 667,055.63
Expenses for other participations EUR 667,055.63
Interest result (+/-) EUR -265,001.58
Interest and similar income EUR 25,677.56
Interest and similar expenses EUR 290,679.14
Other financial result EUR -3,096,994.23
Depreciation on financial assets and
marketable securities EUR 3,096,994.23
Financial result (+/-) EUR 6,131,727.43
Result from ordinary operations (+/-) EUR
9,950,853.97
Income tax / refund of income tax
(+/-)EUR -358,113.85
Other taxes / refund of taxes EUR -26,761.74
Tax (+/-) EUR -384,875.59
Annual surplus / annual deficit EUR 9,565,978.38
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 84,321,360.84
Fixed assets EUR 9,017,238.88
Intangible assets EUR 138,167.91
Concessions, licences, rights EUR 138,167.91
Tangible assets EUR 3,407,657.03
Land / similar rights EUR 1,120,544.53
Other tangible assets / fixtures and
fittings
EUR 1,879,297.85
Advance payments made / construction
in progress EUR 407,814.65
Financial assets EUR 5,471,413.94
Shares in participations /
subsidiaries and the like
EUR 5,471,413.94
Shares in related companies EUR 5,471,413.94
Current assets EUR 75,186,357.83
Stocks EUR 38,113,578.01
Raw materials, consumables and
supplies EUR 1,150,287.85
Finished goods / work in progress EUR
32,095,318.30
Advance payments made EUR 4,867,971.86
Accounts receivable EUR 34,533,125.14
Trade debtors EUR 29,211,612.46
Amounts due from related companies EUR
4,741,754.07
Other debtors and assets EUR 579,758.61
Liquid means EUR 2,539,654.68
Remaining other assets EUR 117,764.13
Accruals (assets) EUR 117,764.13
LIABILITIES EUR 84,321,360.84
Shareholders' equity EUR 20,916,459.94
Capital EUR 8,802,000.00
Subscribed capital (share capital) EUR
8,802,000.00
Reserves EUR 6,528,643.77
Capital reserves EUR 5,000,000.00
Retained earnings / revenue reserves
EUR 1,528,643.77
Balance sheet profit/loss (+/-) EUR 5,585,816.17
Profit / loss brought forward EUR 5,722,725.62
Annual surplus / annual deficit EUR -136,909.45
Provisions EUR 19,131,594.67
Pension provisions and comparable
provisions EUR 869,685.00
Provisions for taxes EUR 628,127.72
Other / unspecified provisions EUR 17,633,781.95
Liabilities EUR 44,273,306.23
Financial debts EUR 11,250,001.80
Liabilities due to banks EUR 11,250,001.80
Other liabilities EUR 33,023,304.43
Trade creditors (for IAS incl. bills
of exchange) EUR 8,531,808.53
Liabilities from received advance
payments EUR 14,037,941.02
Liabililties due to related
companiesEUR 8,882,554.47
Unspecified other liabilities EUR 1,571,000.41
Guarantees and other commitments EUR 350.00
Guarantees / warranties EUR 350.00
Guarantees EUR 350.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 124,288,088.72
Inventory change + own costs (+/-) EUR
-3,467,733.73
Inventory change (+/-) EUR -3,467,733.73
Other operating income EUR 3,608,558.54
Cost of materials EUR 76,932,110.92
Raw materials and supplies, purchased
goods EUR 76,932,110.92
Gross result (+/-) EUR 47,496,802.61
Staff expenses EUR 30,866,465.71
Wages and salaries EUR 26,421,001.13
Social security contributions and
expenses for pension plans and
benefits EUR 4,445,464.58
Total depreciation EUR 1,265,362.54
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,265,362.54
Other operating expenses EUR 16,738,299.23
Operating result from continuing
operations EUR -1,373,324.87
Result from participating interests
(+/-) EUR 2,045,610.19
Expenses / income from participations
EUR 2,045,610.19
Interest result (+/-) EUR -384,189.19
Interest and similar income EUR 22,082.97
Interest and similar expenses EUR 406,272.16
Financial result (+/-) EUR 1,661,421.00
Result from ordinary operations (+/-) EUR
288,096.13
Income tax / refund of income tax
(+/-)EUR -401,284.23
Other taxes / refund of taxes EUR -23,721.35
Tax (+/-) EUR -425,005.58
Annual surplus / annual deficit EUR -136,909.45
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.99 |
|
|
1 |
Rs.101.75 |
|
Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PDT |
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.