MIRA INFORM REPORT

 

 

 

 

Report Date :

25.11.2014

 

IDENTIFICATION DETAILS

 

Name :

HOLZINDUSTRIE TEMPLIN GMBH

 

 

Registered Office :

Zehdenicker Str. 32 D 17268 Templin

 

 

Country :

Germany

 

 

Financials (as on) :

30.09.2013

 

 

Date of Incorporation :

24.11.1993

 

 

Com. Reg. No.:

HRB 2211 NP

 

 

Legal Form :

Private limited company

 

 

Line of Business :

·         Sawmilling and planing of wood

·         Manufacture of products of wood; manufacture of articles of cork, straw and plaiting materials (except furniture)

·         Wholesale of raw and cut wood

 

 

No. of Employees :

103

 

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

 

 

 

 

 Company name and address

 

HOLZINDUSTRIE TEMPLIN GMBH

 

 Company Status:          active

                                    Zehdenicker Str. 32

                                    D 17268 Templin

                                    Telephone:03987/70020

                                    Telefax:  03987/700299

                                    Homepage: www.hitemplin.com

                                    E-mail:   info@hitemplin.com

 

 VAT no.:                      DE811590046

 

 

CONCLUSION

 

 Business relations are permissible.

 

 LEGAL FORM              Private limited company

 Date of foundation:        24.11.1993

 Shareholders'

 agreement:                   24.11.1993

 Registered on:              28.01.1994

 Commercial Register:    Local court 16816 Neuruppin

 under:                          HRB 2211 NP

 

 Share capital:               EUR            103,150.00

 

 Shareholder:

                      Antje Maschmann-Fehrensen

                      Röddeliner Dorfstr. 29b

                      D 17268 Templin

                      born: 24.05.1966

                      née: Fehrensen

                      Share:             EUR             51,575.00

 Shareholder:

                      Dr. Christine Würfel

                      Cuvilliesstr. 12

                      D 81679 München

                      born: 11.01.1976

                      Share:             EUR             46,568.00

 Shareholder:

                      Ilse Würfel

                      Märkische Str. 19c

                      D 17268 Templin

                      born: 27.10.1945

                      née: Rudersdorf

                      Share:             EUR              5,007.00

 Manager:

                      Christian Würfel

                      Märkische Str. 19c

                      D 17268 Templin

                      having sole power of representation

                      born: 07.11.1941

                      Profession: Businessman

                      Property regime: Separation of property

                      Marital status: married

 Manager:

                      Antje Maschmann-Fehrensen

                      Röddeliner Dorfstr. 29b

                      D 17268 Templin

                      having sole power of representation

                      born: 24.05.1966

                      née: Fehrensen

                      Profession: Fully qualified management

                      expert

                      Property regime: Separation of property

                      Marital status: married

 

 Further functions/participations of Christian Würfel (Manager)

 General partner:

                      Dr. Wolfgang Fehrensen und Christian Würfel

                      Zehdenicker Str. 27

                      D 17268 Templin

                      Legal form: Partnership under the Civil Code

 General partner:

                      Antje Maschmann-Fehrensen und Christian

                      Würfel

                      Zehdenicker Str. 32

                      D 17268 Templin

                      Legal form: Partnership under the Civil Code

 Limited partner:

                      Flugzeughaltergesellschaft Müller & Partner

                      mbH & Co. KG

                      Klingenfeldstr. 25

                      D 90453 Nürnberg

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR             30,677.51

                      contribution:

                      Share:             EUR             30,677.51

                      Registered

                      on:         11.12.2013

                      Reg. data:  90402 Nürnberg, HRA 16737

 Limited partner:

                      Würfel Gerstungen GmbH & Co. Besitz KG

                      In der Flur 1

                      D 99834 Gerstungen

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR              2,000.00

                      contribution:

                      Share:             EUR              1,000.00

                      Registered

                      on:         19.12.2005

                      Reg. data:  07745 Jena, HRA 500008

 Shareholder:

                      Christian Würfel GmbH

                      Schöne Aussicht 60

                      D 34346 Hann. Münden

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         02.08.2001

                      Reg. data:  37073 Göttingen, HRB 112523

 Shareholder:

                      Würfel Gerstungen GmbH

                      In der Flur 1

                      D 99834 Gerstungen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Registered

                      on:         25.11.2005

                      Reg. data:  07745 Jena, HRB 500021

 Manager:

                      MBG Metallbeschichtung Gerstungen GmbH

                      In der Flur 1

                      D 99834 Gerstungen

                      Legal form: Private limited company

                      Share capital:     EUR             51,129.19

                      Registered

                      on:         07.04.1998

                      Reg. data:  07745 Jena, HRB 404384

 Manager:

                      Christian Würfel GmbH

                      Schöne Aussicht 60

                      D 34346 Hann. Münden

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         02.08.2001

                      Reg. data:  37073 Göttingen, HRB 112523

 Manager:

                      Holzwerk Behringen GmbH

                      Kleine Wiese 1 OT

                      Wolfsbehringen

                      D 99820 Hörselberg-Hainich

                      Legal form: Private limited company

                      Share capital:     EUR            600,000.00

                      Registered

                      on:         15.12.2003

                      Reg. data:  07745 Jena, HRB 405884

 Manager:

                      Würfel Gerstungen GmbH

                      In der Flur 1

                      D 99834 Gerstungen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         25.11.2005

                      Reg. data:  07745 Jena, HRB 500021

 

 Further functions/participations of Antje Maschmann-Fehrensen

 (Manager)

 General partner:

                      Antje Maschmann-Fehrensen und Christian

                      Würfel

                      Zehdenicker Str. 32

                      D 17268 Templin

                      Legal form: Partnership under the Civil Code

 Shareholder:

                      Holzwerk Behringen GmbH

                      Kleine Wiese 1 OT

                      Wolfsbehringen

                      D 99820 Hörselberg-Hainich

                      Legal form: Private limited company

                      Share capital:     EUR            600,000.00

                      Share:             EUR            150,000.00

                      Registered

                      on:         15.12.2003

                      Reg. data:  07745 Jena, HRB 405884

 Shareholder:

                      HBB Holzbearbeitung Bralitz GmbH

                      Oderberger Str. 18-19

                      OT Bralitz

                      D 16259 Bad Freienwalde

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Share:             EUR             11,248.42

                      Registered

                      on:         17.12.1998

                      Reg. data:  15236 Frankfurt, HRB 7207 FF

 Manager:

                      HBB Holzbearbeitung Bralitz GmbH

                      Oderberger Str. 18-19

                      OT Bralitz

                      D 16259 Bad Freienwalde

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         17.12.1998

                      Reg. data:  15236 Frankfurt, HRB 7207 FF

 

 

 BUSINESS ACTIVITIES

 

Main industrial sector

16100   Sawmilling and planing of wood

 

Secondary industrial sector

16290   Manufacture of products of wood; manufacture of articles of cork, straw and plaiting materials (except furniture)

46732   Wholesale of raw and cut wood

 

 

PARTICIPATIONS

 

 Shareholder:

                      Holzindustrie Templin Werk Nentershausen

                      GmbH

                      Hopfenwiese 5

                      D 36214 Nentershausen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             32,926.00

                      Share:             EUR             32,926.00

                      Reg. data:  24.11.2010

                                  Local court 36251 Bad Hersfeld

                                  HRB 2423

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Balance sheet year:  2012/2013

 

 

 

REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Zehdenicker Str. 32

                                    D 17268 Templin

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 COMMERZBANK VORMALS DRESDNER BANK, 34331 HANN. MÜNDEN

 Sort. code: 52080080

 BIC: DRESDEFF520

 

 Further banks

 COMMERZBANK VORMALS DRESDNER BANK, 34010 KASSEL, HESS

 Sort. code: 52080080

 BIC: DRESDEFF520

 UNICREDIT BANK - HYPOVEREINSBANK, 97067 WÜRZBURG

 Sort. code: 79020076

 BIC: HYVEDEMM455

 

 

FINANCIAL FIGURES

 

 Gross profit or loss:2011/2012          EUR          5,640,294.00

                      2012/2013          EUR          6,494,407.00

 Profit:              2011/2012          EUR            140,493.00

                      2012/2013          EUR            146,454.00

 further business figures:

 Equipment:                              EUR            355,148.00

 Ac/ts receivable:                       EUR          7,242,200.00

 Liabilities:                            EUR          3,451,380.00

 Total numbers of vehicles:                                     10

 Employees:                                                    103

 

 

 BALANCE SHEETS

 

 Balance sheet ratios                 01.10.2012 - 30.09.2013

 Equity ratio [%]:                        53.73

 Liquidity ratio:                           2.44

 Return on total capital [%]:       1.25

 

 Balance sheet ratios                 01.10.2011 - 30.09.2012

 Equity ratio [%]:                        47.24

 Liquidity ratio:                           1.57

 Return on total capital [%]:       1.07

 

 Balance sheet ratios                 01.10.2010 - 30.09.2011

 Equity ratio [%]:                         43.10

 Liquidity ratio:                           1.21

 Return on total capital [%]:       1.32

 

 Balance sheet ratios                 01.10.2009 - 30.09.2010

 Equity ratio [%]:                        34.49

 Liquidity ratio:                           0.99

 Return on total capital [%]:       0.32

 

 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:      01.10.2012 - 30.09.2013

 

 ASSETS                                  EUR         11,707,611.50

  Fixed assets                           EUR          3,019,441.95

   Intangible assets                     EUR              1,104.00

   Tangible assets                       EUR          2,985,411.95

    Plant / machinery                    EUR          2,628,992.00

    Other tangible assets / fixtures and

    fittings                             EUR            355,148.00

    Advance payments made / construction

    in progress                          EUR              1,271.95

   Financial assets                      EUR             32,926.00

    Shares in participations /

    subsidiaries and the like            EUR             32,926.00

     Shares in related companies         EUR             32,926.00

  Current assets                         EUR          8,609,299.23

   Stocks                                EUR            879,537.45

   Accounts receivable                   EUR          7,242,199.80

   Liquid means                          EUR            487,561.98

  Remaining other assets                 EUR             78,870.32

   Accruals (assets)                     EUR             78,870.32

 

 LIABILITIES                             EUR         11,707,611.50

  Shareholders' equity                   EUR          6,073,461.45

   Capital                               EUR            103,150.00

    Subscribed capital (share capital)   EUR            103,150.00

   Reserves                              EUR          1,969,541.61

    Capital reserves                     EUR          1,969,541.61

   Balance sheet profit/loss (+/-)       EUR          4,000,769.84

    Profit / loss brought forward        EUR          3,854,315.67

    Annual surplus / annual deficit      EUR            146,454.17

  Items between shareholders' equity and

  debt capital                           EUR            433,558.72

   Allowances / bonuses                  EUR            433,558.72

  Provisions                             EUR          1,749,211.43

  Liabilities                            EUR          3,451,379.90

   Financial debts                       EUR          1,169,782.61

    Liabilities due to banks             EUR          1,169,782.61

   Other liabilities                     EUR          2,281,597.29

    Unspecified other liabilities        EUR          2,281,597.29

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR          6,494,406.89

  Staff expenses                         EUR          1,813,687.13

   Wages and salaries                    EUR          1,415,720.75

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            397,966.38

  Total depreciation                     EUR            851,075.59

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            851,075.59

  Other operating expenses               EUR          3,746,100.63

  Operating result from continuing

  operations                             EUR             83,543.54

  Interest result (+/-)                  EUR             74,899.98

   Interest and similar income           EUR            212,391.24

   Interest and similar expenses         EUR            137,491.26

  Financial result (+/-)                 EUR             74,899.98

  Result from ordinary operations (+/-)  EUR            158,443.52

  Other taxes / refund of taxes          EUR            -11,989.35

  Tax (+/-)                              EUR            -11,989.35

  Annual surplus / annual deficit        EUR            146,454.17

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.10.2011 - 30.09.2012

 

 ASSETS                                  EUR         13,158,059.56

  Fixed assets                           EUR          3,648,260.00

   Intangible assets                     EUR              3,121.00

    Other / unspecified intangible assetsEUR              3,121.00

   Tangible assets                       EUR          3,612,213.00

    Plant / machinery                    EUR          3,336,888.00

    Other tangible assets / fixtures and

    fittings                             EUR            275,325.00

   Financial assets                      EUR             32,926.00

    Shares in participations /

    subsidiaries and the like            EUR             32,926.00

     Shares in related companies         EUR             32,926.00

  Current assets                         EUR          9,448,181.30

   Stocks                                EUR          1,888,826.91

   Accounts receivable                   EUR          7,528,058.83

    Other debtors and assets             EUR          7,528,058.83

   Liquid means                          EUR             31,295.56

  Remaining other assets                 EUR             61,618.26

   Accruals (assets)                     EUR             61,618.26

 

 LIABILITIES                             EUR         13,158,059.56

  Shareholders' equity                   EUR          5,927,007.28

   Capital                               EUR            103,150.00

    Subscribed capital (share capital)   EUR            103,150.00

   Reserves                              EUR          1,969,541.61

    Capital reserves                     EUR          1,969,541.61

   Balance sheet profit/loss (+/-)       EUR          3,854,315.67

    Profit / loss brought forward        EUR          3,713,822.95

    Annual surplus / annual deficit      EUR            140,492.72

  Items between shareholders' equity and

  debt capital                           EUR            578,816.00

   Allowances / bonuses                  EUR            578,816.00

  Provisions                             EUR          1,812,765.14

  Liabilities                            EUR          4,839,471.14

   Financial debts                       EUR          2,017,866.32

    Liabilities due to banks             EUR          2,017,866.32

   Other liabilities                     EUR          2,821,604.82

    Unspecified other liabilities        EUR          2,821,604.82

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR          5,640,294.38

  Staff expenses                         EUR          1,924,220.66

   Wages and salaries                    EUR          1,458,330.07

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            465,890.59

  Total depreciation                     EUR            889,875.37

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            889,875.37

  Other operating expenses               EUR          2,790,507.15

  Operating result from continuing

  operations                             EUR             35,691.20

  Interest result (+/-)                  EUR            110,199.23

   Interest and similar income           EUR            240,246.28

   Interest and similar expenses         EUR            130,047.05

  Financial result (+/-)                 EUR            110,199.23

  Result from ordinary operations (+/-)  EUR            145,890.43

  Other taxes / refund of taxes          EUR             -5,397.71

  Tax (+/-)                              EUR             -5,397.71

  Annual surplus / annual deficit        EUR            140,492.72

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.78

UK Pound

1

Rs.96.78

Euro

1

Rs.76.59

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

SDA

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.