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Report Date : |
29.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
HANSGROHE SE |
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Registered Office : |
Auestr. 5-9 D 77761 Schiltach |
|
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
01.01.1901 |
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|
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Com. Reg. No.: |
HRB 740779 |
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Legal Form : |
European Company (SE) |
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Line of Business : |
Manufacture of metal products n.e.c. |
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No. of Employees : |
3,129 |
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, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
HANSGROHE SE
Company Status: active
Auestr. 5-9
D 77761 Schiltach
Post Box:
1145
Telephone:07836/51-0
Telefax: 07836/51-1300
Homepage: www.hansgrohe.com
E-mail:
info@hansgrohe.com
VAT no.: DE812782725
Business relations are permissible.
LEGAL FORM European
Company (SE)
Date
of foundation: 01.01.1901
Registered on: 27.03.2012
Commercial Register: Local court 70190 Stuttgart
under: HRB
740779
Share capital: EUR 61,156,320.00
President of
the Board of Directors:
Siegfried Gänßlen
Panoramastr. 9
D 72275 Alpirsbach
having sole power of
representation
born: 30.01.1946
Profession: Management
expert
Vice-president of the Board of Directors:
Richard Grohe
D 77761 Schiltach
authorized to jointly
represent the company
born: 14.09.1965
Nationality: French
Member of
the Board of Directors:
Frank Semling
Alter Sportplatz 15
D 77797 Ohlsbach
authorized to jointly
represent the company
born: 05.11.1966
Member of
the Board of Directors:
Marc Griggel
D 78048
Villingen-Schwenningen
authorized to jointly
represent the company
born: 13.04.1968
President of
the Supervisory Board:
Klaus Grohe
Auestr. 25
D 77761 Schiltach
born: 03.04.1937
Marital status: married
Vice-president of the Supervisory Board:
Lau Frandsen
Auestr. 5 - 9
D 77761 Schiltach
Marital status: unknown
Member of
the Supervisory Board:
Keith Allman
Auestr. 5 - 9
D 77761 Schiltach
Marital status: unknown
Member of
the Supervisory Board:
Gerald Volas
Auestr. 5 - 9
D 77761 Schiltach
Marital status:
unknown
Representative of the Employees within the
Supervisory Board:
Barbara Scholl
Auestr. 5 - 9
D 77761 Schiltach
Marital status: unknown
Representative of the Employees within the
Supervisory Board:
Stefan Krischack
Auestr. 5-9
D 77761 Schiltach
Marital status: unknown
Proxy:
Horst Josef
Flieger
Bickenmäuerle 33/2
D 77761 Schiltach
authorized to jointly
represent the company
born: 17.01.1954
Profession: Businessman
Marital status: married
Proxy:
Joachim Huber
Scheffelweg 13
D 78713 Schramberg
authorized to jointly
represent the company
born: 28.06.1958
Proxy:
Dr.-Ing. Nicholas Matten
D 77652 Offenburg
authorized to jointly
represent the company
born: 27.09.1961
Proxy:
Thomas Musial
D 77761 Schiltach
authorized to jointly
represent the company
born: 09.12.1963
Proxy:
James-Phillipe Grohe
D 77709 Wolfach
authorized to jointly
represent the company
born: 03.01.1967
Proxy:
Udo Kraus
D 77773 Schenkenzell
authorized to jointly
represent the company
born:
31.03.1967
Further
functions/participations of Siegfried Gänßlen (President
of the Board
of Directors)
Manager:
Hansgrohe International
GmbH
Auestr. 5-9
D 77761 Schiltach
Legal form: Private
limited company
Share capital: EUR 520,000.00
Registered
on: 13.01.1998
Reg. data: 70190 Stuttgart, HRB 480945
Manager:
Hansgrohe Deutschland
Vertriebs GmbH
Auestr. 5-9
D 77761 Schiltach
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 06.11.2002
Reg. data: 70190 Stuttgart, HRB 481204
14.06.1905 - 09.09.1999 Hans
Grohe GmbH & Co. KG
Auestr.
5-9
D 77761 Schiltach
Ltd
partnership with priv. ltd. Company as general partner
10.09.1999 - 27.03.2012 Hansgrohe
AG (HRB 481038 AG Stuttgart)
Auestr. 5-9
D 77761 Schiltach
Public limited company
15.02.2007 - 03.04.2012 Member of the Board of Directors
Richard Grohe
D 77761
Schiltach
22.12.2005 - 03.04.2012 Vice-president of the Supervisory Board
Thomas Voss
GB London
20.12.2005 - 03.04.2012 Member of the Supervisory Board
Alfred Chini
D 72250 Freudenstadt
20.12.2005 - 03.04.2012 Member of the Supervisory Board
Graham Balls
L Munsbach
22.11.1999 - 03.04.2012 Member of the Supervisory Board
Manfred Hübner
D 77761 Schiltach
22.09.1999 - 16.05.2011 Member of the Board of Directors
Otto Schinle
D 77761 Schiltach
22.09.1999 - 16.05.2011 Member of the Board of Directors
Karl-Heinz Hammann
D 77761 Schiltach
Sectors
25993
Manufacture of metal products n.e.c.
28140
Manufacture of taps and valves n.e.c.
46722
Wholesale of non-ferrous ores, metals and metal semi-finished goods
71129
Other engineering activities
Branch:
Hansgrohe SE
Schramberger Str. 57
D 77761 Schiltach
Branch:
Hansgrohe SE
Paradiesstr. 206b
D 12526 Berlin
TEL.: 030/6799090
Branch:
Hansgrohe SE
Robert-Koch-Str. 2
D 72275 Alpirsbach
Branch:
Hansgrohe SE
Carl-Zeiss-Str. 3
D 77656 Offenburg
Shareholder:
Hansgrohe International
GmbH
Auestr. 5-9
D 77761 Schiltach
Legal form: Private
limited company
Company Status: active
Share capital: EUR 520,000.00
Share: EUR 520,000.00
Reg. data: 13.01.1998
Local court
70190 Stuttgart
HRB 480945
Shareholder:
Hansgrohe Deutschland
Vertriebs GmbH
Auestr. 5-9
D 77761 Schiltach
Legal form: Private
limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Reg. data: 06.11.2002
Local court 70190 Stuttgart
HRB 481204
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 Auestr.
5-9
D
77761 Schiltach
Real Estate of: Lau
Frandsen
Type of ownership: Tenant
Address Auestr.
5 - 9
D 77761 Schiltach
Real Estate of: Keith
Allman
Type of ownership: Tenant
Address
Auestr. 5 - 9
D 77761 Schiltach
Real Estate of: Gerald
Volas
Type of ownership: Tenant
Address Auestr.
5 - 9
D 77761 Schiltach
Real Estate of: Barbara
Scholl
Type of ownership: Tenant
Address Auestr.
5 - 9
D 77761 Schiltach
Real Estate of: Stefan
Krischack
Type of ownership: Tenant
Address Auestr.
5-9
D 77761 Schiltach
Land register documents were not available.
Principal
bank
VOLKSBANK KINZIGTAL, SCHILTACH
Sort. code: 66492700, BIC: GENODE61KZT
Further
banks
COMMERZBANK, ROTTWEIL
Sort. code: 64240071, BIC: COBADEFF642
DEUTSCHE BANK, OFFENBURG
Sort.
code: 66470035, BIC: DEUTDE6F664
COMMERZBANK VORMALS DRESDNER BANK, FREIBURG IM
BREISGAU
Sort. code: 68080030, BIC: DRESDEFF680
VOLKSBANK KINZIGTAL, WOLFACH
Sort. code: 66492700, BIC: GENODE61KZT
SPARKASSE WOLFACH, WOLFACH
Sort. code: 66452776, BIC: SOLADES1WOF
BADEN-WÜRTTEMB.BANK/LANDESBANK
BADEN-WÜRTTEMB.,
VILLINGEN-SCHWENNINGEN
Sort. code: 64450288, BIC: SOLADEST480
BADEN-WÜRTTEMB.BANK/LANDESBANK
BADEN-WÜRTTEMB., ROTTWEIL
Sort. code: 60050101, BIC: SOLADEST600
Turnover: 2011 EUR 599,804,783.00
2012 EUR 649,723,136.00
Expected turnover: EUR 650,000,000.00
Profit: 2011 EUR 82,948,537.00
2012 EUR 81,670,725.00
further business figures:
Ac/ts receivable: EUR 86,940,039.00
Liabilities: EUR 110,707,516.00
Employees: 3,129
-
thereof permanent staff: 3,008
-
Trainees:
121
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 64.54
Liquidity ratio: 10.00
Return on total capital [%]: 14.71
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 66.84
Liquidity ratio: 10.00
Return on total capital [%]: 15.02
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 66.39
Liquidity ratio: 10.00
Return on total capital [%]: 17.30
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 65.50
Liquidity ratio: 10.00
Return on total capital [%]: 16.36
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 562,130,630.27
Fixed assets
EUR 108,740,324.81
Intangible assets
EUR 4,944,116.76
Other / unspecified intangible assetsEUR 4,944,116.76
Tangible assets
EUR 95,789,135.29
Other / unspecified tangible assets
EUR 95,789,135.29
Financial assets
EUR 8,007,072.76
Other / unspecified financial assets EUR 8,007,072.76
Current assets
EUR 451,960,081.30
Stocks EUR 60,534,092.51
Raw materials, consumables and
supplies
EUR 14,885,882.49
Finished goods / work in progress
EUR 45,648,210.02
Accounts receivable EUR
86,940,038.56
Trade debtors
EUR 22,268,452.02
Amounts due from related companies
EUR 53,233,194.90
Other debtors and assets
EUR 11,438,391.64
Liquid means EUR 304,485,950.23
Remaining other assets
EUR 1,430,224.16
Accruals (assets)
EUR 1,231,646.40
Active difference from asset
offsetting
EUR 198,577.76
LIABILITIES EUR 562,130,630.27
Shareholders' equity
EUR 363,691,869.32
Capital
EUR 61,156,320.00
Subscribed capital (share capital)
EUR 61,156,320.00
Reserves
EUR 220,864,824.01
Capital reserves
EUR 11,734,542.73
Retained earnings / revenue reserves EUR 209,130,281.28
Balance sheet profit/loss (+/-)
EUR 81,670,725.31
Balance sheet profit / loss
EUR 81,670,725.31
Items between shareholders' equity and
debt capital
EUR 47.06
Allowances / bonuses EUR 47.06
Provisions
EUR 87,731,197.93
Pension provisions and comparable
provisions
EUR 45,544,724.00
Provisions for taxes
EUR 15,999,114.81
Other / unspecified provisions
EUR 26,187,359.12
Liabilities
EUR 110,707,515.96
Financial debts
EUR 1,463,608.74
Liabilities due to banks
EUR 1,463,608.74
Other liabilities
EUR 109,243,907.22
Trade creditors (for IAS incl. bills
of exchange)
EUR 45,105,443.16
Liabililties due to related companiesEUR 56,151,809.03
Unspecified other liabilities
EUR 7,986,655.03
thereof liabilities from tax /
financial authorities
EUR 1,449,983.21
thereof liabilities from social
security EUR 1,336.33
Guarantees and other commitments
EUR 330,000.00
Guarantees / warranties
EUR 330,000.00
Guarantees
EUR 330,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 649,723,135.69
Inventory change + own costs (+/-)
EUR 6,048,758.79
Inventory change (+/-)
EUR 3,272,572.42
Capitalised own costs EUR 2,776,186.37
Other operating income
EUR 19,747,125.59
Cost of materials
EUR 369,396,165.24
Raw materials and supplies, purchased
goods EUR 337,850,846.91
Purchased services
EUR 31,545,318.33
Gross result (+/-)
EUR 306,122,854.83
Staff expenses
EUR 111,792,410.92
Wages
and salaries EUR 92,416,187.98
Social security contributions and
expenses for pension plans and
benefits
EUR 19,376,222.94
Total depreciation
EUR 22,995,360.81
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 22,995,360.81
Other operating expenses
EUR 98,521,259.68
Operating result from continuing
operations
EUR 72,813,823.42
Result from participating interests
(+/-)
EUR 32,196,175.88
Expenses / income from participations EUR 32,196,175.88
Income from transfer of profits
EUR 32,195,782.30
Income from related companies
EUR 393.58
Interest result (+/-)
EUR 1,234,234.94
Interest and similar income
EUR 4,423,740.49
thereof from related companies
EUR 804,771.11
Interest and similar expenses
EUR 3,189,505.55
thereof paid to related companies
EUR 489,716.26
Other financial result
EUR 40,773.19
Income from securities and loans from
financial assets
EUR 40,773.19
Financial result (+/-)
EUR 33,471,184.01
Result from ordinary operations (+/-)
EUR 106,285,007.43
Extraordinary expenses EUR 639,191.00
Extraordinary result (+/-)
EUR -639,191.00
Income tax / refund of income tax (+/-)EUR -23,975,091.12
Tax (+/-)
EUR -23,975,091.12
Annual surplus / annual deficit
EUR 81,670,725.31
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 556,427,783.62
Fixed assets EUR 107,547,952.46
Intangible assets
EUR 4,973,854.26
Concessions, licences, rights
EUR 4,891,187.26
Advance payments for intang. assets
EUR 82,667.00
Tangible assets
EUR 94,311,565.24
Land / similar rights
EUR 35,423,433.28
Plant / machinery
EUR 36,194,507.00
Other tangible assets / fixtures and
fittings EUR 14,719,185.47
Advance payments made / construction
in progress
EUR 7,974,439.49
Financial assets
EUR 8,262,532.96
Shares in participations /
subsidiaries and the like
EUR 7,497,809.59
Shares in related companies
EUR 7,497,809.59
Other / unspecified financial assets EUR 764,723.37
Current assets
EUR 447,821,099.35
Stocks
EUR 60,233,038.40
Raw materials, consumables and
supplies
EUR 16,466,549.82
Finished goods / work in progress
EUR 43,766,488.58
Accounts receivable
EUR 79,264,028.78
Trade debtors
EUR 17,025,081.77
Amounts due from related companies
EUR 50,684,460.27
Other debtors and assets
EUR 11,554,486.74
Liquid means
EUR 308,324,032.17
Remaining other assets
EUR 1,058,731.81
Accruals (assets)
EUR 909,910.82
thereof disagio EUR 20,000.00
Active difference from asset
offsetting
EUR 148,820.99
LIABILITIES EUR 556,427,783.62
Shareholders' equity
EUR 371,917,016.76
Capital
EUR 61,156,320.00
Subscribed capital (share capital)
EUR 61,156,320.00
Reserves
EUR 220,864,824.01
Capital reserves
EUR 11,734,542.73
Retained earnings / revenue reserves EUR 209,130,281.28
Balance sheet profit/loss (+/-)
EUR 89,895,872.75
Profit / loss brought forward
EUR 6,947,335.90
Annual surplus / annual deficit
EUR 82,948,536.85
Items between shareholders' equity and
debt capital
EUR 630.96
Allowances / bonuses
EUR 630.96
Provisions
EUR 85,106,070.29
Pension provisions and comparable
provisions
EUR 41,391,066.00
Provisions for taxes
EUR 17,078,206.81
Other / unspecified provisions
EUR 26,636,797.48
Liabilities
EUR 99,404,065.61
Financial debts
EUR 1,684,246.65
Liabilities due to banks
EUR 1,684,246.65
Other liabilities
EUR 97,719,818.96
Trade creditors (for IAS incl. bills
of exchange)
EUR 39,649,449.94
Liabilities from received advance
payments
EUR 280,000.00
Liabililties due to related companiesEUR 48,938,690.11
Unspecified other liabilities
EUR 8,851,678.91
thereof liabilities from tax /
financial authorities
EUR 1,345,471.00
thereof liabilities from social
security
EUR 11,877.81
Guarantees and other commitments
EUR 2,126,000.00
Discounted bills of exchange
EUR 897,000.00
Guarantees / warranties
EUR 1,229,000.00
Guarantees
EUR 1,229,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 599,804,782.82
Inventory change + own costs (+/-)
EUR 3,041,111.31
Inventory change (+/-)
EUR 1,002,900.31
Capitalised own costs
EUR 2,038,211.00
Other operating income
EUR 20,442,422.64
Cost
of materials
EUR 327,177,496.43
Raw materials and supplies, purchased
goods
EUR 298,819,165.13
Purchased services
EUR 28,358,331.30
Gross result (+/-)
EUR 296,110,820.34
Staff expenses
EUR 103,440,305.42
Wages and salaries
EUR 86,943,225.28
Social security contributions and
expenses for pension plans and
benefits
EUR 16,497,080.14
Total depreciation
EUR 20,866,445.58
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 20,866,445.58
Other operating expenses
EUR 91,172,389.99
Operating result from continuing
operations
EUR 80,631,679.35
Result from participating interests
(+/-) EUR 29,328,680.67
Expenses / income from participations EUR 29,328,680.67
Income from transfer of profits
EUR 29,328,355.83
Income from related companies
EUR 324.84
Interest result (+/-)
EUR 1,841,178.77
Interest and similar income
EUR 5,180,728.19
thereof from related companies
EUR 683,870.44
Interest and similar expenses
EUR 3,339,549.42
thereof paid to related companies
EUR 508,785.46
Other financial result
EUR 38,628.06
Income from securities and loans from
financial assets
EUR 38,628.06
Financial
result (+/-) EUR 31,208,487.50
Result from ordinary operations (+/-)
EUR 111,840,166.85
Extraordinary expenses
EUR 639,900.35
Extraordinary result (+/-)
EUR -639,900.35
Income tax / refund of income tax (+/-)EUR -28,251,729.65
Tax (+/-)
EUR -28,251,729.65
Annual surplus / annual deficit
EUR 82,948,536.85
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.08 |
|
|
1 |
Rs.99.20 |
|
Euro |
1 |
Rs.80.53 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.