|
Report Date : |
11.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
HANS VON
MANGOLDT GMBH & CO. KG |
|
|
|
|
Registered Office : |
Hergelsbendenstr.
18 D 52080 Aachen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
01.07.1964 |
|
|
|
|
Legal Form : |
Limited Partnership |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
107 |
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 |
HANS VON MANGOLDT GMBH & CO. KG
Company Status: active
Hergelsbendenstr. 18
D 52080 Aachen
Telephone:0241/166070
Telefax: 0241/1660721
Homepage: www.Mangoldt.com
E-mail: info@Mangoldt.com
VAT no.: DE123595431
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 1941
Registered on: 01.07.1964
Register of
companies: Local
court 52070 Aachen
under: HRA
1150
Total cap. contribution: EUR 300,000.00
Limited partner:
Burkhard von Mangoldt
Eupener Str. 390
D 52076 Aachen
born: 14.05.1942
Share: EUR 82,500.00
Limited partner:
Ruprecht von Mangoldt
Hasselholzer Weg 200
D 52074 Aachen
born: 10.04.1945
Share: EUR 82,500.00
Limited partner:
Dr.-Ing. Christian
Kaehler
D 52146 Würselen
born: 24.02.1973
Share: EUR 27,000.00
Limited partner:
Ching-Fu Kwang
403, Fu-Kuo Road
Tso-Ying Dist.
TWN - Kaoshing City
born: 03.12.1968
Share: EUR 18,000.00
Limited partner:
Friederike von Kuenheim
D 40210 Düsseldorf
born: 04.06.1981
Share: EUR 15,000.00
Limited partner:
Julius von Mangoldt
D 52080 Aachen
born: 10.03.1984
Share: EUR 15,000.00
Limited partner:
Maximilian von Mangoldt
D 60306 Frankfurt
born: 04.01.1980
Share: EUR 15,000.00
Limited partner:
Karl von Mangoldt
Hartwig-Hesse-Str. 7
D 20257 Hamburg
born: 26.04.1985
Share: EUR 9,000.00
Limited partner:
Esther von Kuczkowski
D 59494 Soest
born: 14.12.1971
Share: EUR 9,000.00
Limited partner:
Fritz von Mangoldt
D 52080 Aachen
born: 16.08.1983
Share: EUR 9,000.00
Limited partner:
Hans von Mangoldt
D 10115 Berlin
born: 20.06.1974
Share: EUR 9,000.00
Limited partner:
Gräfin Florence von der
Schulenberg
D 45133 Essen
born: 06.04.1973
Share: EUR 9,000.00
General partner:
Hans von Mangoldt
Geschäftsführungsgesellschaft mbH
Hergelsbendenstr. 18
D 52080 Aachen
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered on: 26.07.1967
Reg. data: 52070 Aachen,
HRB 540
Shareholder:
Hans von Mangoldt GmbH
& Co. KG
Hergelsbendenstr. 18
D 52080 Aachen
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 300,000.00
contribution:
Share: EUR 26,000.00
Registered on: 01.07.1964
Reg. data: 52070 Aachen,
HRA 1150
Manager:
Dr.-Ing. Christian
Kaehler
D 52146 Würselen
having sole power of
representation
born: 24.02.1973
Profession: Manager
Marital status: unknown
Proxy:
Franz-Josef Daniels
Broicher Str. 13
D 52146 Würselen
authorized to jointly
represent the company
born: 31.10.1968
Proxy:
Hildegard Adenau
D 52080 Aachen
authorized to jointly
represent the company
born: 19.05.1965
Sectors
2711
Manufacture of electric motors, generators and transformators
47540 Retail sale of electrical household
appliances
Shareholder:
Hans von Mangoldt GmbH
Am Schildchen 1
D 99195 Großrudestedt
Legal form: Private
limited company
Company Status: active
Share capital: EUR 40,000.00
Share: EUR 40,000.00
Reg. data: 26.06.1990
Local court
07745 Jena
HRB 101350
Shareholder:
Hans von Mangoldt
Geschäftsführungsgesellschaft mbH
Hergelsbendenstr. 18
D 52080 Aachen
Legal form: Private limited company
Company Status: active
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 26.07.1967
Local court
52070 Aachen
HRB 540
Payment experience: takes advantage of cash discount
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012/2013
Type of ownership: proprietor
Share: 100.00 %
Address Hergelsbendenstr.
18
D 52080 Aachen
Real Estate of: Hans
von Mangoldt
Geschäftsführungsgesellschaft
mbH
Type of ownership: Tenant
Address Hergelsbendenstr.
18
D 52080 Aachen
Real Estate of: Burkhard von Mangoldt
Type of ownership: Tenant
Address Eupener
Str. 390
D 52076 Aachen
Real Estate of: Ruprecht
von Mangoldt
Type of ownership: Tenant
Address Hasselholzer
Weg 200
D 52074 Aachen
Land register documents were not available.
SPARKASSE AACHEN, 52059 AACHEN
Sort. code: 39050000
BIC: AACSDE33XXX
COMMERZBANK VORMALS DRESDNER BANK, 52006
AACHEN
Sort. code: 39080005
BIC: DRESDEFF390
POSTBANK, 51222 KÖLN
Sort. code: 37010050
BIC: PBNKDEFFXXX
Gross profit or
loss:2011/2012 EUR 8,739,078.00
2012/2013 EUR 9,248,818.00
Profit: 2011/2012 EUR 960,295.00
2012/2013 EUR 1,497,679.00
further business figures:
Equipment: EUR 142,175.00
Ac/ts receivable: EUR 4,984,886.00
Liabilities: EUR 11,168,722.00
Total numbers of
vehicles:
10
- Lorries:
2
- Passenger cars:
8
Employees:
107
- thereof permanent
staff:
103
- Trainees:
4
Balance sheet ratios
01.07.2012 - 30.06.2013
Equity ratio [%]: 1.81
Liquidity ratio: 0.45
Return on total capital
[%]: 11.49
Balance sheet ratios
01.07.2011 - 30.06.2012
Equity ratio [%]: 0.76
Liquidity ratio: 0.32
Return on total capital
[%]: 7.07
Balance sheet ratios
01.07.2010 - 30.06.2011
Equity ratio [%]: 27.61
Liquidity ratio: 0.68
Return on total capital
[%]: 19.52
Balance sheet ratios
01.07.2009 - 30.06.2010
Equity ratio [%]: 39.28
Liquidity ratio: 0.92
Return on total capital
[%]: 13.41
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: 01.07.2012
- 30.06.2013
ASSETS EUR 13,635,964.47
Fixed assets EUR 6,713,506.00
Intangible assets EUR 707,484.00
Goodwill EUR 600,001.00
Other / unspecified
intangible assetsEUR
107,483.00
Tangible assets EUR 5,762,875.00
Land / similar rights EUR 5,200,962.00
Plant / machinery EUR 419,738.00
Other tangible assets /
fixtures and
fittings EUR 142,175.00
Financial assets EUR 243,147.00
Shares in participations
/
subsidiaries and the
like EUR 243,147.00
Shares in related
companies EUR 211,647.00
Shares in investee
companies EUR 31,500.00
Current assets EUR 6,706,652.20
Stocks EUR 1,697,591.36
Accounts receivable EUR 4,984,885.63
Amounts due from related
companies EUR 1,657,607.39
Other debtors and
assets EUR 3,327,278.24
Liquid means EUR 24,175.21
Remaining other
assets EUR 215,806.27
Accruals (assets) EUR 215,806.27
LIABILITIES EUR 13,635,964.47
Shareholders' equity EUR 835,427.02
Capital EUR 380,427.02
Capital of the fully
liable partner
(LP, general
partnership) EUR 80,427.02
Capital contribution of
gen.
partner/accounts of the
pers. liable
shareholder EUR 80,427.02
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 300,000.00
Reserves EUR 455,000.00
Items between
shareholders' equity and
debt capital EUR 26,000.00
Balancing items for
capitalised own
shares in cos. acting as
general
partners EUR 26,000.00
Provisions EUR 1,605,815.67
Liabilities EUR 11,168,721.78
Financial debts EUR 4,863,253.26
Liabilities due to
banks EUR 4,863,253.26
Other liabilities EUR 6,305,468.52
Unspecified other
liabilities EUR
6,305,468.52
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 9,248,818.18
Staff expenses EUR 4,791,300.01
Wages and salaries EUR 4,087,487.92
Social security
contributions and
expenses for pension
plans and
benefits EUR 703,812.09
Total depreciation EUR 534,137.86
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 534,137.86
Other operating
expenses EUR 1,825,544.26
Operating result from
continuing
operations EUR 2,097,836.05
Result from participating
interests
(+/-) EUR 638,064.62
Expenses / income from
participations EUR 638,064.62
Income from transfer of
profits EUR 638,064.62
Interest result (+/-) EUR -608,968.53
Interest and similar
income EUR 21,489.63
Interest and similar
expenses EUR 630,458.16
Financial result
(+/-) EUR 29,096.09
Result from ordinary
operations (+/-) EUR 2,126,932.14
Income tax / refund of
income tax (+/-)EUR -331,639.90
Other taxes / refund of
taxes EUR -297,613.46
Tax (+/-) EUR -629,253.36
Annual surplus / annual
deficit EUR 1,497,678.78
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.07.2011
- 30.06.2012
ASSETS EUR 14,299,981.63
Fixed assets EUR 8,210,383.70
Intangible assets EUR 850,975.00
Goodwill EUR 720,001.00
Other / unspecified
intangible assetsEUR
130,974.00
Tangible assets EUR 6,044,796.45
Land / similar
rights EUR 5,422,575.00
Plant / machinery EUR 470,962.80
Other tangible assets /
fixtures and
fittings EUR 151,258.65
Financial assets EUR 1,314,612.25
Shares in participations
/
subsidiaries and the
like EUR 211,647.00
Shares in related
companies EUR 211,647.00
Other / unspecified
financial assets EUR
1,102,965.25
Current assets EUR 5,867,746.15
Stocks EUR 2,097,954.29
Accounts receivable EUR 3,718,297.51
Amounts due from related
companies EUR 780,008.79
Other debtors and
assets EUR 2,938,288.72
Liquid means EUR 51,494.35
Remaining other
assets EUR 221,851.78
Accruals (assets) EUR 221,851.78
LIABILITIES EUR 14,299,981.63
Shareholders' equity EUR 823,771.92
Capital EUR 368,771.92
Capital of the fully
liable partner
(LP, general
partnership) EUR 68,771.92
Capital contribution of
gen.
partner/accounts of the
pers. liable
shareholder EUR 68,771.92
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 300,000.00
Reserves EUR 455,000.00
Items between
shareholders' equity and
debt capital EUR 26,000.00
Balancing items for
capitalised own
shares in cos. acting as
general
partners EUR 26,000.00
Provisions EUR 1,758,400.00
Liabilities EUR 11,691,809.71
Financial debts EUR 5,707,237.43
Liabilities due to
banks EUR 5,707,237.43
Other liabilities EUR 5,984,572.28
Unspecified other
liabilities EUR 5,984,572.28
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 8,739,077.56
Staff expenses EUR 4,851,168.69
Wages and salaries EUR 4,093,799.08
Social security
contributions and
expenses for pension
plans and
benefits EUR 757,369.61
Total depreciation EUR 518,188.50
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 518,188.50
Other operating
expenses EUR 1,905,076.60
Operating result from
continuing
operations EUR 1,464,643.77
Result from participating
interests
(+/-) EUR 650,969.59
Expenses / income from
participations EUR 650,969.59
Income from transfer of
profits EUR 650,969.59
Interest result (+/-) EUR -688,932.41
Interest and similar
income EUR 56.21
Interest and similar
expenses EUR 688,988.62
Financial result
(+/-) EUR -37,962.82
Result from ordinary
operations (+/-) EUR 1,426,680.95
Income tax / refund of
income tax (+/-)EUR -460,804.98
Other taxes / refund of
taxes EUR -5,580.77
Tax (+/-) EUR -466,385.75
Annual surplus / annual
deficit EUR 960,295.20
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.