|
Report Date : |
06.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
TER HELL
& CO. GMBH |
|
|
|
|
Registered Office : |
Börsenbrücke
2 Ter Hell Haus D 20457 Hamburg Post Box:
11 33 25, D 20433 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
23.07.1990 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
127 |
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 |
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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, 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 |
TER HELL & CO. GMBH
Company Status: active
Börsenbrücke 2 Ter Hell Haus
D 20457 Hamburg
Post Box: 11 33 25, D 20433 Hamburg
Telephone:040/300501-0
Telefax: 040/335050
Homepage: www.terhell.com
E-mail: info@terhell.com
VAT no.: DE118566137
Tax ID number: 48/762/01254
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1908
Shareholders'
agreement: 11.06.1990
Registered on: 23.07.1990
Commercial Register: Local court 20355 Hamburg
under: HRB
44898
Share capital: EUR 5,000,000.00
Shareholder: Christian Andreas Westphal
Fährhausstr. 23
D 22085 Hamburg
born: 21.03.1967
Share: EUR 2,455,000.00
Shareholder:
Klaus-Christian Westphal
Scheffelstr. 29
D 22301 Hamburg
born: 28.07.1940
Share: EUR 900,000.00
Shareholder:
Hildegard Frisch
Moorbirkenkamp 2
D 22391 Hamburg
born: 30.03.1931
née: Westphal
Share: EUR 500,000.00
Shareholder:
Erbengemeinschaft Erna Popp
Mittelweg 22-24
D 20148 Hamburg
Legal form: Community of
heirs
Share: EUR 500,000.00
Shareholder:
Marietta Westphal
Scheffelstr. 39
D 22301 Hamburg
born: 21.12.1949
Share: EUR 457,500.00
Shareholder:
Susanne Westphal
Tannenkamp 3
D 22880 Wedel
born: 20.10.1957
Share: EUR 62,500.00
Shareholder:
Philip Westphal
Mauerkircherstr. 36
D 81679 München
born: 22.04.1971
Share: EUR 62,500.00
Shareholder:
Christian Westphal
Beteiligungs UG
(haftungsbeschränkt)
& Co. KG
Börsenbrücke 2
D 20457 Hamburg
Legal form: Ltd.partners.
w.entrepreneur
comp.(ltd.liability)gen.partner
Total cap. EUR 1,000.00
contribution:
Share: EUR 62,500.00
Registered on: 13.02.2008
Reg. data: 20355 Hamburg,
HRA 107826
Manager:
Thomas Sprock
Klövensteenweg 123
D 22559 Hamburg
authorized to jointly
represent the company
born: 08.06.1958
Manager:
Oliver Zimmermann
D 22085 Hamburg
born: 17.12.1969
Profession: Businessman
Manager:
Christian Andreas
Westphal
Fährhausstr. 23
D 22085 Hamburg
having sole power of
representation
born: 21.03.1967
Profession: Businessman
Proxy:
Uwe Lüdemann
D 25335 Elmshorn
authorized to jointly
represent the company
Marital status: married
Proxy:
Wolfgang Weger
D 20457 Hamburg
authorized to jointly
represent the company
born: 24.04.1965
Marital status: married
Proxy:
Benjamin Lindenau
D 20457 Hamburg
authorized to jointly
represent the company
born: 21.10.1975
Proxy:
Andreas Strube
D 20457 Hamburg
authorized to jointly
represent the company
born: 22.10.1970
Proxy:
Jens Vinke
D 23869 Elmenhorst
authorized to jointly
represent the company
born: 27.01.1968
Further functions/participations of Thomas
Sprock (Manager)
Manager:
Bassermann GmbH
Börsenbrücke 2 , Ter Hell
Haus
D 20457 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 18.07.2008
Reg. data: 20355 Hamburg, HRB 106010
Further functions/participations of Christian
Andreas Westphal
(Manager)
Limited partner:
Christian Westphal
Beteiligungs UG
(haftungsbeschränkt)
& Co. KG
Börsenbrücke 2
D 20457 Hamburg
Legal form: Ltd.partners.
w.entrepreneur
comp.(ltd.liability)gen.partner
Total cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Registered
on: 13.02.2008
Reg. data: 20355 Hamburg, HRA 107826
Shareholder:
Christian Westphal UG
(haftungsbeschränkt)
Börsenbrücke 2
D 20457 Hamburg
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR 300.00
Share: EUR 300.00
Registered
on: 09.02.2010
Reg. data: 20355 Hamburg, HRB 112646
Manager:
TER HELL CE DISTRIBUTION
GMBH
Börsenbrücke 2
D 20457 Hamburg
Legal form: Private
limited company
Share capital: EUR 300,000.00
Registered
on: 30.08.1972
Reg. data: 20355 Hamburg, HRB 14973
Manager:
Simon & Werner GmbH
Hafenstr. 22
D 65439 Flörsheim
Legal form: Private
limited company
Share capital: EUR 3,000,200.00
Registered
on: 02.06.1997
Reg. data: 65189 Wiesbaden, HRB 18327
Manager:
Christian Westphal UG
(haftungsbeschränkt)
Börsenbrücke 2
D 20457 Hamburg
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR 300.00
Registered
on: 09.02.2010
Reg. data: 20355 Hamburg, HRB 112646
Vice-president of the Board of Directors:
Stiftung Mittagskinder
Mattentwiete 6
D 20457 Hamburg
Legal form: Private law
foundation
Reg. data: 20355 Hamburg,
23.07.1990 - 03.12.2003 Hermann ter Hell & Co. GmbH
Kattrepelsbrücke 1
D 20095 Hamburg
Private limited company
04.12.2003 - 14.01.2007 Ter Hell & Co. GmbH
Kattrepelsbrücke 1
D 20095 Hamburg
Private limited
company
24.11.2004 - 26.07.2012 Manager
Michael Thomsen
D 25365 Klein
Offenseth-Sparrieshoop
Main industrial sector
2059
Manufacture of other chemical products n.e.c.
3299 Other manufacturing n.e.c.
46750 Wholesale of chemical products
46902
Non-specialized wholesale of raw materials and half-finished and
finished goods
Branch:
Ter Hell & Co. GmbH
Bochumer Str. 229
D 44625 Herne
Branch:
Ter Hell & Co. GmbH
Hedwigstr. 7
D 65191 Wiesbaden
Branch:
Ter Hell & Co. GmbH
Turnerheimstr. 70
D 90441 Nürnberg
Shareholder:
TER HELL PLASTIC GMBH
Bochumer Str. 229
D 44625 Herne
Legal form: Private limited
company
Company Status: active
Share capital: EUR 3,500,000.00
Share: EUR 2,835,700.00
Reg. data: 18.09.1978
Local court 44787 Bochum
HRB 9307
Shareholder:
Simon & Werner GmbH
Hafenstr. 22
D 65439 Flörsheim
Legal form: Private limited
company
Company Status: active
Share capital: EUR 3,000,200.00
Share: EUR 2,820,200.00
Reg. data: 02.06.1997
Local court 65189 Wiesbaden
HRB 18327
Shareholder:
HSH Chemie GmbH
Ballindamm 1
D 20095 Hamburg
Post Box:
10 24 25
Legal form: Private
limited company
Company Status: active
Share capital: EUR 2,150,000.00
Share: EUR 860,000.00
Reg. data: 19.08.1988
Local court
20355 Hamburg
HRB 40505
Shareholder:
TER HELL CE DISTRIBUTION
GMBH
Börsenbrücke 2
D 20457 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 300,000.00
Share: EUR 285,000.00
Reg. data: 30.08.1972
Local court
20355 Hamburg
HRB 14973
Shareholder:
Bassermann GmbH
Börsenbrücke 2 , Ter Hell
Haus
D 20457 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 18.07.2008
Local court
20355 Hamburg
HRB 106010
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2013
Type of ownership: Tenant
Address Börsenbrücke
2 Ter Hell Haus
D 20457 Hamburg
Real Estate of: Klaus-Christian
Westphal
Type of ownership: proprietor
Share: 100.00 %
Address Scheffelstr. 29
D 22301 Hamburg
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000, Account no.: 307140
BIC: DEUTDEHHXXX, IBAN: DE21200700000030714000
Further banks
JOH. BERENBERG, GOSSLER & CO, 20354
HAMBURG
Sort. code: 20120000, Account no.: 8844003
BIC: BEGODEHHXXX, IBAN: DE38201200000008844003
HAMBURGER SPARKASSE, 20454 HAMBURG
Sort. code: 20050550, Account no.: 1280353564
BIC: HASPDEHHXXX, IBAN: DE38200505501280353564
POSTBANK (GIRO), 22280 HAMBURG
Sort. code: 20010020, Account no.: 39370204
BIC: PBNKDEFFXXX, IBAN: DE10200100200039370204
Turnover: 2012 EUR 172,387,455.00
2013 EUR 178,097,730.00
Expected turnover: EUR 192,000,000.00
Profit: 2012 EUR 5,434,549.00
2013 EUR 6,582,924.00
further business figures:
Equipment: EUR 394,409.00
Ac/ts receivable: EUR 19,968,881.00
Liabilities: EUR 33,058,086.00
Total numbers of
vehicles:
13
- Passenger cars:
13
Employees:
127
- thereof permanent
staff:
116
- Trainees:
8
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: 64.33
Liquidity ratio: 0.92
Return on total capital
[%]: 9.17
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 53.84
Liquidity ratio: 0.57
Return on total capital
[%]: 6.89
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 56.52
Liquidity ratio: 0.70
Return on total capital
[%]: 8.06
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 45.77
Liquidity ratio: 0.58
Return on total capital
[%]: 6.73
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: 01.01.2013 - 31.12.2013
ASSETS EUR 72,119,397.15
Fixed assets EUR 25,668,007.11
Intangible assets EUR 847,432.08
Concessions, licences,
rights EUR 847,432.08
Tangible assets EUR 394,408.95
Other tangible assets /
fixtures and
fittings EUR 394,408.95
Financial assets EUR 24,426,166.08
Shares in participations
/
subsidiaries and the
like EUR 21,587,415.71
Shares in related companies EUR 13,763,560.47
Shares in investee
companies EUR 7,823,855.24
Loans to participations
/
subsidiaries and the
like EUR 2,511,750.37
Loans to related companies EUR 2,511,750.37
Other loans EUR 327,000.00
Current assets EUR 46,322,298.00
Stocks EUR 25,696,993.36
Finished goods / work in
progress EUR 25,555,118.39
Advance payments
made EUR 141,874.97
Accounts receivable EUR 19,968,881.43
Trade debtors EUR 15,039,912.54
Amounts due from related companies EUR
1,798,134.48
Amounts due from
investee companies EUR 244,491.12
Other debtors and
assets EUR 2,886,343.29
Liquid means EUR 656,423.21
Remaining other
assets EUR 129,092.04
Accruals (assets) EUR 129,092.04
LIABILITIES EUR 72,119,397.15
Shareholders' equity EUR 35,391,978.66
Capital EUR 5,000,000.00
Subscribed capital
(share capital) EUR 5,000,000.00
Reserves EUR 13,630,365.00
Retained earnings /
revenue reserves EUR
13,630,365.00
Balance sheet profit/loss
(+/-) EUR 16,761,613.66
Profit / loss brought
forward EUR 10,178,689.39
Annual surplus / annual
deficit EUR 6,582,924.27
Provisions EUR 3,669,332.34
Pension provisions and
comparable
provisions EUR 2,276,737.00
Other / unspecified
provisions EUR 1,392,595.34
Liabilities EUR
33,058,086.15
Financial debts EUR 6,639,096.66
Liabilities due to
banks EUR 6,639,096.66
Other liabilities EUR 26,418,989.49
Trade creditors (for IAS
incl. bills
of exchange) EUR 11,244,183.09
Liabilities due to
shareholders EUR 11,122,784.74
Liabililties due to
related companiesEUR
171,478.08
Unspecified other
liabilities EUR
3,880,543.58
thereof liabilities
from tax /
financial
authorities EUR 161,659.38
thereof liabilities
from social
security EUR 1,131.43
Guarantees and other
commitments EUR 2,301,000.00
Guarantees /
warranties EUR 2,301,000.00
Guarantees EUR 2,301,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 178,097,730.02
Other operating
income EUR 1,728,417.49
Cost of materials EUR 156,514,630.44
Raw materials and
supplies, purchased
goods EUR 156,514,630.44
Gross result (+/-) EUR 23,311,517.07
Staff expenses EUR 9,901,848.13
Wages and salaries EUR 8,630,728.39
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,271,119.74
Total depreciation EUR 444,034.26
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 444,034.26
Other operating
expenses EUR 9,987,167.18
Operating result from
continuing
operations EUR 2,978,467.50
Result from participating
interests
(+/-) EUR 5,299,273.12
Expenses / income from
participations EUR 5,299,273.12
Interest result (+/-) EUR -954,732.82
Interest and similar
income EUR 24,461.81
Interest and similar
expenses EUR 979,194.63
Other financial
result EUR 89,892.56
Income from securities
and loans from
financial assets EUR 89,892.56
thereof related
companies EUR 82,241.61
Financial result
(+/-) EUR 4,434,432.86
Result from ordinary
operations (+/-) EUR 7,412,900.36
Income tax / refund of
income tax (+/-)EUR -814,970.35
Other taxes / refund of
taxes EUR -15,005.74
Tax (+/-) EUR -829,976.09
Annual surplus / annual
deficit EUR 6,582,924.27
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2012 - 31.12.2012
ASSETS EUR 79,439,042.11
Fixed assets EUR 25,836,587.86
Intangible assets EUR 924,358.54
Concessions, licences,
rights EUR 924,358.54
Tangible assets EUR 414,018.98
Other tangible assets /
fixtures and
fittings EUR 414,018.98
Financial assets EUR 24,498,210.34
Shares in participations
/
subsidiaries and the
like EUR 21,587,415.71
Shares in related
companies EUR 13,763,560.47
Shares in investee
companies EUR 7,823,855.24
Loans to participations
/
subsidiaries and the
like EUR 2,550,000.00
Loans to related
companies EUR 2,550,000.00
Other loans EUR 360,794.63
Current assets EUR 53,452,063.48
Stocks EUR 33,731,369.35
Finished goods / work in
progress EUR 33,581,369.35
Advance payments
made EUR 150,000.00
Accounts receivable EUR 18,969,675.92
Trade debtors EUR 13,045,136.74
Amounts due from related
companies EUR 2,011,420.80
Amounts due from
investee companies EUR 1,099,660.25
Other debtors and
assets EUR 2,813,458.13
Liquid means EUR 751,018.21
Remaining other
assets EUR 150,390.77
Accruals (assets) EUR 150,390.77
LIABILITIES EUR 79,439,042.11
Shareholders' equity EUR 30,439,419.39
Capital EUR 5,000,000.00
Subscribed capital
(share capital) EUR 5,000,000.00
Reserves EUR 12,000,000.00
Retained earnings /
revenue reserves EUR
12,000,000.00
Balance sheet profit/loss
(+/-) EUR 13,439,419.39
Profit / loss brought
forward EUR 8,004,870.88
Annual surplus / annual
deficit EUR 5,434,548.51
Provisions EUR 3,543,540.91
Pension provisions and
comparable
provisions EUR 2,244,450.00
Provisions for taxes EUR 11,132.00
Other / unspecified
provisions EUR 1,287,958.91
Liabilities EUR 45,456,081.81
Financial debts EUR 13,512,074.03
Liabilities due to
banks EUR 13,512,074.03
Other liabilities EUR 31,944,007.78
Trade creditors (for IAS
incl. bills
of exchange) EUR 15,346,778.41
Liabilities due to
shareholders EUR 12,580,960.20
Liabililties due to
related companiesEUR
219,461.12
Liabilities due to
investee companiesEUR
424,976.13
Unspecified other
liabilities EUR 3,371,831.92
thereof liabilities
from tax /
financial
authorities EUR 724,294.62
thereof liabilities
from social
security EUR 44.43
Guarantees and other
commitments EUR 1,208,000.00
Guarantees /
warranties EUR 1,208,000.00
Guarantees EUR 1,208,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 172,387,454.80
Other operating
income EUR 946,997.59
Cost of materials EUR 149,559,326.76
Raw materials and
supplies, purchased
goods EUR 149,559,326.76
Gross result (+/-) EUR 23,775,125.63
Staff expenses EUR 9,716,974.36
Wages and salaries EUR 8,521,081.23
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,195,893.13
Total depreciation EUR 412,755.94
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 412,755.94
Other operating
expenses EUR 9,619,904.64
Operating result from
continuing
operations EUR 4,025,490.69
Result from participating
interests
(+/-) EUR 3,562,514.04
Expenses / income from
participations EUR 3,562,514.04
Income from related
companies EUR 3,562,514.04
Interest result (+/-) EUR -1,080,781.26
Interest and similar
income EUR 27,548.95
Interest and similar
expenses EUR 1,108,330.21
Other financial
result EUR 31,533.91
Income from securities
and loans from
financial assets EUR 31,533.91
thereof related
companies EUR 23,330.57
Financial result
(+/-) EUR 2,513,266.69
Result from ordinary
operations (+/-) EUR 6,538,757.38
Income tax / refund of
income tax (+/-)EUR -1,095,218.04
Other taxes / refund of
taxes EUR -8,990.83
Tax (+/-) EUR -1,104,208.87
Annual surplus / annual
deficit EUR 5,434,548.51
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.39 |
|
|
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIS |
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.