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Report Date : |
06.11.2014 |
IDENTIFICATION DETAILS
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Name : |
HERMLE LABORTECHNIK GMBH |
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Registered Office : |
Siemensstr. 25 D 78564 Wehingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
30.06.1988 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of metal products n.e.c |
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No. of Employees : |
40 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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, 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 |
HERMLE LABORTECHNIK GMBH
Company Status: active
Siemensstr. 25
D 78564 Wehingen
Telephone: 07426/96220
Telefax: 07426/962249
Homepage: www.hermle-labortechnik.de
E-mail: vertrieb@hermle-labortechnik.de
VAT no.: DE158172176
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 30.06.1988
Shareholders'
agreement: 30.06.1988
Registered on: 10.09.1993
Commercial Register: Local court 70190 Stuttgart
under: HRB
460523
Share capital: EUR 520,000.00
Harald Hermle
Griesstr. 12
D 78601 Mahlstetten
born: 11.12.1956
Share: EUR 338,000.00
Shareholder:
Alexander Hermle
D 78559 Gosheim
born: 27.09.1961
Share: EUR 182,000.00
Harald Hermle
Griesstr. 12
D 78601 Mahlstetten
having sole power of
representation
born: 11.12.1956
Marital status: married
Manager:
Alexander Hermle
D 78559 Gosheim
having sole power
of representation
born: 27.09.1961
Manager:
Walter Haberkorn
D 78549 Spaichingen
having sole power of
representation
born: 18.11.1958
Further functions/participations of Harald
Hermle (Manager)
General partner:
Hermle
Grundstücksverwaltungs- und
-verpachtungs oHG
Gosheimer Str. 56
D 78564 Wehingen
Legal form: General
Partnership
Registered
on: 07.04.2005
Reg. data: 70190 Stuttgart, HRA 460678
Further functions/participations of Alexander
Hermle (Manager)
General partner:
Hermle
Grundstücksverwaltungs- und
-verpachtungs oHG
Gosheimer Str. 56
D 78564 Wehingen
Legal form: General
Partnership
Registered
on: 07.04.2005
Reg. data: 70190 Stuttgart, HRA 460678
30.06.1988 - 29.06.1993 Top-Labortechnik
GmbH
D
67655 Kaiserslautern
Private limited company
25.11.1993 - 10.12.1993 Top-Labortechnik
GmbH
Gosheimer Str. 56
D 78564 Wehingen
Private limited company
11.12.1993 - 31.12.2005 Hermle
Labortechnik GmbH
Gosheimer Str. 56
D
78564 Wehingen
Private limited company
Sectors
25993 Manufacture of metal products n.e.c.
46462
Wholesale of medical and orthopedic goods, dental and
laboratory supplies
Payment experience: Slow but Correc
Negative information:We have no
negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Siemensstr.
25
D 78564 Wehingen
Real Estate of: Harald
Hermle
Type of ownership: proprietor
Share: 100.00 %
Address Griesstr.
12
D 78601 Mahlstetten
Type of real estate: Residential building
Value at selling price: EUR 348,000.00
Land register documents were not available.
VOLKSBANK
DONAU-NECKAR, 78560 WEHINGEN, WÜRTT
Sort. code: 64390130
BIC: GENODES1TUT
COMMERZBANK VILLINGEN U SCHWENNINGEN, 78002
VILLINGEN-SCHWENNINGEN
Sort. code: 69440007
BIC: COBADEFFXXX
Turnover: 2013 EUR 7,500,000.00
Expected turnover: EUR
7,500,000.00
Profit: 2012 EUR 1,702,016.00
further business figures:
Equipment: *EUR 222,000.00
Ac/ts receivable: EUR
915,621.00
Liabilities: EUR 3,556,974.00
Total numbers of vehicles: 3
- Passenger cars: 2
Employees:
40
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 5.96
Liquidity ratio: 0.33
Return on total capital [%]: 38.52
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -35.09
Liquidity ratio: 0.49
Return on total capital [%]: -1.56
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: -34.66
Liquidity ratio: 0.47
Return on total capital [%]: -52.25
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 11.38
Liquidity ratio: 0.42
Return on total capital [%]: -10.18
Balance sheet grade: 4.5
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 4,626,280.04
Fixed assets
EUR 211,902.94
Intangible assets
EUR 674.89
Tangible assets
EUR 102,351.05
Financial assets
EUR 108,877.00
Other / unspecified financial assets EUR 108,877.00
Current assets
EUR 4,288,493.00
Stocks
EUR 2,596,562.78
Accounts receivable
EUR 915,620.89
thereof total due from shareholders
EUR 157,560.82
Liquid means
EUR 776,309.33
Remaining other assets
EUR 125,884.10
Accruals (assets)
EUR 14,117.51
Deficit not covered by shareholders'
equity
EUR 49,691.59
Active difference from asset
offsetting
EUR 62,075.00
LIABILITIES EUR 4,626,280.04
Shareholders' equity
EUR 0.00
Capital
EUR 520,000.00
Subscribed capital (share capital)
EUR 520,000.00
Balance sheet profit/loss (+/-)
EUR -569,691.59
Profit / loss brought forward
EUR -2,271,708.05
Annual surplus / annual deficit
EUR 1,702,016.46
Other shareholders' equity (+/-)
EUR 49,691.59
Deficit not covered by shareholders'
equity
EUR 49,691.59
Provisions
EUR 1,069,306.00
Liabilities EUR 3,556,974.04
thereof total due to shareholders
EUR 471,051.65
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 6,546,127.70
Fixed assets
EUR 240,688.51
Intangible assets
EUR 1,613.04
Other / unspecified intangible assetsEUR 1,613.04
Tangible assets EUR 132,298.47
Other / unspecified tangible assets
EUR 132,298.47
Financial assets
EUR 106,777.00
Other / unspecified financial assets EUR 106,777.00
Current assets EUR 4,471,065.90
Stocks
EUR 2,618,837.40
Accounts receivable
EUR 1,304,699.31
Other debtors and assets
EUR 1,304,699.31
Liquid means
EUR 547,529.19
Remaining other assets
EUR 1,834,373.29
Accruals (assets)
EUR 23,338.24
Deficit not covered by shareholders'
equity EUR 1,751,708.05
Active difference from asset
offsetting
EUR 59,327.00
LIABILITIES EUR 6,546,127.70
Shareholders' equity
EUR 0.00
Capital
EUR 520,000.00
Subscribed capital (share capital)
EUR 520,000.00
Balance sheet profit/loss (+/-)
EUR -2,271,708.05
Profit / loss brought forward EUR -2,201,802.73
Annual surplus / annual deficit
EUR -69,905.32
Other shareholders' equity (+/-)
EUR 1,751,708.05
Deficit not covered by shareholders'
equity
EUR 1,751,708.05
Provisions
EUR 3,495,627.62
Liabilities
EUR 3,050,500.08
Other liabilities
EUR 3,050,500.08
Unspecified other liabilities EUR
3,050,500.08
Guarantees and other commitments
EUR 750,000.00
Liability from creation of a security
interest for third parties
EUR 750,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.39 |
|
UK Pound |
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.99 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
SHG |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.