|
Report Date : |
11.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
HELU KABEL GMBH |
|
|
|
|
Registered Office : |
Dieselstr. 8-12, D 71282 Hemmingen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
22.03.1978 |
|
|
|
|
Com. Reg. No.: |
HRB 201352 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of Electric Installation
Supplies. |
|
|
|
|
No. of Employees : |
626 |
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 |
HELU
KABEL GmbH
Company Status: active
Dieselstr. 8-12
D 71282 Hemmingen
Telephone:07150/92090
Telefax: 07150/81786
Homepage: www.helukabel.de
E-mail: info@helukabel.de
DE146021824
70074/03759
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 22.03.1978
Shareholders'
agreement: 22.03.1978
Registered on: 14.07.1978
Commercial Register: Local court 70190 Stuttgart
under: HRB
201352
EUR 5,000,000.00
Adelheid Luksch
D 71254 Ditzingen
Share: EUR 2,805,000.00
Shareholder:
Helmut Luksch
Gröninger Str. 74
D 71254 Ditzingen
born: 14.06.1950
Share: EUR 950,000.00
Shareholder:
Marc Luksch
D 70173 Stuttgart
born: 15.11.1976
Share: EUR 622,500.00
Shareholder:
Heike Luksch
Zollernstr. 5
D 71254 Ditzingen
born: 29.11.1980
Share: EUR 622,500.00
Manager:
Helmut Luksch
Gröninger Str. 74
D 71254 Ditzingen
having sole power of
representation
born: 14.06.1950
Profession: Businessman
Marital status: married
Manager:
Marc Luksch
D 70173 Stuttgart
born: 15.11.1976
Manager:
Andreas Joachim Hoppe
D 74385 Pleidelsheim
born: 11.10.1963
Proxy:
Volker Stoll
D 70173 Stuttgart
authorized to jointly
represent the company
born: 16.10.1953
Further functions/participations of Helmut
Luksch (Manager)
Limited partner:
HELUKA
Grundstücksverwaltung GmbH & Co. KG
Emil-Riedl-Weg 6
D 82049 Pullach
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 4,500,000.00
contribution:
Share: EUR 4,500,000.00
Registered
on: 20.06.2007
Reg. data: 80333 München, HRA 90378
Manager:
Robotec-Systems GmbH
Carl-Friedrich-Gauß-Str.
7
D 47475 Kamp-Lintfort
Legal form: Private
limited company
Share capital: EUR 400,000.00
Registered
on: 14.06.2002
Reg. data: 47533 Kleve, HRB 7272
Manager:
HELU Verwaltungs-GmbH
Gröninger Str. 74
D 71254 Ditzingen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 23.12.2002
Reg. data: 70190 Stuttgart, HRB 206570
Manager:
Kabelmat Wickeltechnik
GmbH
Steinbuckelweg 25
D 72293 Glatten
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 15.07.2009
Reg. data: 70190 Stuttgart, HRB 730506
Further functions/participations of Marc
Luksch (Manager)
Shareholder:
WireScout AG
Dietersheimer Str. 1
OT Beerbach
D 91463 Dietersheim
Legal form: Public
limited company
Share capital: EUR 50,000.00
Registered
on: 19.12.2000
Reg. data: 90762 Fürth, HRB 8209
22.03.1978 - 29.04.1983 HELU-Kabel Vertriebsgesellschaft mbH
D 71254 Ditzingen
Private limited
company
29.04.1983 - 13.09.1996 HELU-Kabel Vertriebsgesellschaft mbH
Dieselstr. 8-12
D 71282 Hemmingen
Private limited
company
Main industrial sector
27330
Manufacture of electric installation supplies
27900
Manufacture of other electric equipment n.e.c.
Branch:
HELU KABEL GmbH
Saarstr. 48
D 71282 Hemmingen
Branch:
HELU KABEL GmbH
Bahnhofstr. 9
D 25524 Itzehoe
Branch:
HELU KABEL GmbH
Eichelbergstr. 7
D 09212 Limbach-Oberfrohna
TEL.: 03722/60860
FAX.: 03722/6086420
Branch:
HELU KABEL GmbH
Zum Mühlenfließ 1
D 15366 Neuenhagen
TEL.: 03342-23970
FAX.: 03342-80033
Branch:
HELU KABEL GmbH
Willi-Bleicher-Str. 4-6
D 71282 Hemmingen
TEL.: 07150/605145
Branch:
HELU KABEL GmbH
Am Handwerkshof 2-4
D 47269 Duisburg
Branch:
HELU KABEL GmbH
Neuseser Weg 11
D 91575 Windsbach
Shareholder:
Kabelwerk Meißen Wilhelm
Balzer GmbH
Niederauer Str. 52
D 01662 Meißen
Post Box:
10 03 62
Legal form: Private limited
company
Company Status: active
Share capital: EUR 5,200,000.00
Share: EUR 4,460,000.00
Reg. data: 17.04.1996
Local court 01069 Dresden
HRB 12991
Shareholder:
Robotec-Systems GmbH
Carl-Friedrich-Gauß-Str.
7
D 47475 Kamp-Lintfort
Legal form: Private
limited company
Company Status: active
Share capital: EUR 400,000.00
Share: EUR 400,000.00
Reg. data: 14.06.2002
Local court 47533 Kleve
HRB 7272
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Dieselstr.
8-12
D 71282 Hemmingen
Land register documents were not available.
COMMERZBANK, 71002 BÖBLINGEN
Sort. code: 60040071
BIC: COBADEFFXXX
KREISSPARKASSE BÖBLINGEN, 71005 BÖBLINGEN
Sort. code: 60350130
BIC: BBKRDE6BXXX
DEUTSCHE BANK, 71002 BÖBLINGEN
Sort. code: 60070070
BIC: DEUTDESSXXX
VOLKSBANK STROHGÄU, 70813 KORNTAL-MÜNCHINGEN
Sort. code: 60062909
BIC: GENODES1MCH
UNICREDIT BANK - HYPOVEREINSBANK, 71001
BÖBLINGEN
Sort. code: 60320291
BIC: HYVEDEMM858
POSTBANK, 70148 STUTTGART
Sort. code: 60010070
BIC: PBNKDEFFXXX
BADEN-WÜRTTEMBERGISCHE BANK, 71605
LUDWIGSBURG, WÜRTT
Sort. code: 60430060
BIC:
SOLADEST604
Turnover: 2012 EUR 336,380,885.00
Profit: 2012 EUR 18,700,080.00
Equipment: EUR 2,393,776.00
Ac/ts receivable: EUR 43,600,183.00
Liabilities: EUR 38,978,891.00
Employees:
626
-
thereof permanent staff: 321
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 75.02
Liquidity ratio: 1.19
Return on total capital [%]: 10.44
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 68.38
Liquidity ratio: 1.07
Return on total capital [%]: 13.98
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 70.11
Liquidity ratio: 1.59
Return
on total capital [%]: 15.21
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 72.33
Liquidity ratio: 1.34
Return on total capital [%]: 18.14
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 179,192,443.47
Fixed assets
EUR 22,280,789.28
Intangible assets
EUR 672,790.50
Concessions, licences, rights
EUR 613,900.00
Advance payments for intang. assets
EUR 58,890.50
Tangible assets
EUR 16,391,971.27
Land / similar rights
EUR 11,199,319.53
Plant / machinery
EUR 2,226,113.00
Other tangible assets / fixtures and
fittings
EUR 2,393,776.00
Advance payments made / construction
in progress
EUR 572,762.74
Financial assets EUR 5,216,027.51
Shares in participations /
subsidiaries and the like
EUR 4,216,027.51
Shares in related companies
EUR 4,210,877.51
Shares in investee companies
EUR 5,150.00
Other loans
EUR 1,000,000.00
Current assets
EUR 156,515,390.71
Stocks
EUR 110,662,611.58
Raw materials, consumables and
supplies
EUR 5,978,596.39
Finished goods / work in progress
EUR 104,684,015.19
Accounts receivable
EUR 43,600,183.36
Trade debtors
EUR 21,036,551.53
Amounts due from related companies
EUR 15,116,551.64
Other debtors and assets
EUR 7,447,080.19
Liquid means
EUR 2,252,595.77
Remaining other assets
EUR 396,263.48
Accruals (assets)
EUR 396,263.48
thereof disagio
EUR 51,000.00
LIABILITIES EUR 179,192,443.47
Shareholders' equity
EUR 134,421,600.72
Capital
EUR 5,000,000.00
Subscribed capital (share capital)
EUR 5,000,000.00
Reserves
EUR 109,000,000.00
Retained earnings / revenue reserves EUR 109,000,000.00
Balance sheet profit/loss (+/-)
EUR 20,421,600.72
Profit / loss brought forward
EUR 1,721,520.82
Annual surplus / annual deficit
EUR 18,700,079.90
Provisions EUR 5,791,951.80
Pension provisions and comparable
provisions
EUR 981,324.99
Other / unspecified provisions
EUR 4,810,626.81
Liabilities EUR
38,978,890.95
Financial debts
EUR 16,203,685.34
Liabilities due to banks
EUR 16,203,685.34
Other liabilities
EUR 22,775,205.61
Trade creditors (for IAS incl. bills
of exchange)
EUR 17,615,551.74
Liabilities from received advance
payments
EUR 2,074.54
Liabililties due to related companiesEUR 330,026.92
Unspecified other liabilities
EUR 4,827,552.41
thereof liabilities from tax /
financial authorities
EUR 2,247,805.70
thereof liabilities from social
security
EUR 299,069.41
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 336,380,885.43
Inventory change + own costs (+/-)
EUR 4,947,886.91
Inventory change (+/-)
EUR 4,947,886.91
Other operating income
EUR 4,202,938.36
Cost of materials
EUR 264,968,199.40
Raw materials and supplies, purchased
goods
EUR 260,070,102.47
Purchased services
EUR 4,898,096.93
Gross result (+/-)
EUR 80,563,511.30
Staff expenses
EUR 26,127,992.71
Wages and salaries EUR 21,912,360.16
Social security contributions and
expenses for pension plans and
benefits
EUR 4,215,632.55
Total depreciation
EUR 1,866,087.34
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,866,087.34
Other operating expenses
EUR 28,943,177.70
Operating result from continuing
operations EUR 23,626,253.55
Result from participating interests
(+/-)
EUR 1,959,169.79
Expenses / income from participations EUR 1,959,169.79
Income from related companies EUR 1,959,169.79
Interest result (+/-)
EUR -611,066.24
Interest and similar income
EUR 358,679.08
thereof from related companies
EUR 63,862.64
Interest and similar expenses
EUR 969,745.32
thereof paid to related companies
EUR 0.00
Financial result (+/-)
EUR 1,348,103.55
Result from ordinary operations (+/-)
EUR 24,974,357.10
Income tax / refund of income tax (+/-)EUR -6,215,436.94
Other taxes / refund of taxes
EUR -58,840.26
Tax
(+/-)
EUR -6,274,277.20
Annual surplus / annual deficit
EUR 18,700,079.90
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 175,789,218.33
Fixed assets
EUR 16,123,900.20
Intangible assets
EUR 602,292.00
Concessions, licences, rights
EUR 579,092.00
Advance payments for intang. assets
EUR 23,200.00
Tangible assets
EUR 12,245,552.29
Land / similar rights
EUR 7,962,972.08
Plant / machinery
EUR 505,995.00
Other tangible assets / fixtures and
fittings
EUR 1,299,922.00
Advance
payments made / construction
in progress
EUR 2,476,663.21
Financial assets
EUR 3,276,055.91
Shares in participations /
subsidiaries and the like
EUR 1,276,055.91
Shares in related companies
EUR 1,270,905.91
Shares in cooperatives
EUR 5,150.00
Other loans
EUR 2,000,000.00
Current assets
EUR 159,402,175.27
Stocks
EUR 108,077,159.26
Raw materials, consumables and
supplies
EUR 8,258,922.00
Finished goods / work in progress
EUR 99,818,237.26
Accounts receivable
EUR 47,347,610.61
thereof total due from shareholders
EUR 60,000.00
Trade debtors
EUR 25,868,527.12
Amounts due from related companies
EUR 11,455,095.57
Other debtors and assets
EUR 10,023,987.92
Liquid means
EUR 3,977,405.40
Remaining other assets
EUR 263,142.86
Accruals (assets)
EUR 263,142.86
thereof disagio
EUR 70,242.00
LIABILITIES EUR 175,789,218.33
Shareholders' equity
EUR 120,221,520.82
Capital EUR 5,000,000.00
Subscribed capital (share capital)
EUR 5,000,000.00
Reserves
EUR 89,000,000.00
Retained earnings / revenue reserves EUR 89,000,000.00
Balance
sheet profit/loss (+/-) EUR 26,221,520.82
Profit / loss brought forward
EUR 1,655,759.93
Annual surplus / annual deficit
EUR 24,565,760.89
Provisions
EUR 7,546,292.79
Pension provisions and comparable
provisions
EUR 875,496.46
Provisions for taxes
EUR 1,804,600.00
Other / unspecified provisions
EUR 4,866,196.33
Liabilities
EUR 48,021,404.72
thereof total due to shareholders
EUR 0.00
Financial debts
EUR 10,967,391.27
Liabilities due to banks
EUR 10,967,391.27
Other liabilities
EUR 37,054,013.45
Trade creditors (for IAS incl. bills
of exchange)
EUR 29,327,300.39
Liabilities from received advance
payments
EUR 418,469.03
Liabililties due to related companiesEUR 236,103.45
Unspecified other liabilities
EUR 7,072,140.58
thereof liabilities from tax /
financial authorities
EUR 4,947,804.26
thereof liabilities from social
security
EUR 367,328.91
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 356,730,795.27
Inventory change + own costs (+/-)
EUR 669,628.86
Inventory change (+/-)
EUR 669,628.86
Other operating income
EUR 4,621,367.36
Cost of materials
EUR 278,422,972.99
Raw materials and supplies, purchased
goods
EUR 272,678,880.57
Purchased services
EUR 5,744,092.42
Gross result (+/-)
EUR 83,598,818.50
Staff expenses
EUR 24,853,030.09
Wages and salaries
EUR 20,835,251.00
Social security contributions and
expenses for pension plans and
benefits
EUR 4,017,779.09
Total depreciation
EUR 1,318,814.41
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,318,814.41
Other operating expenses
EUR 26,996,189.59
Operating result from continuing
operations
EUR 30,430,784.41
Result from participating interests
(+/-)
EUR 3,806,580.98
Expenses / income from participations EUR 3,806,580.98
Income from related companies
EUR 3,806,580.98
Interest result (+/-)
EUR -827,304.50
Interest and similar income
EUR 350,111.04
thereof from related companies
EUR 68,545.00
Interest and similar expenses
EUR 1,177,415.54
Financial result (+/-)
EUR 2,979,276.48
Result
from ordinary operations (+/-) EUR 33,410,060.89
Income tax / refund of income tax (+/-)EUR -8,814,511.93
Other taxes / refund of taxes
EUR -29,788.07
Tax
(+/-)
EUR -8,844,300.00
Annual surplus / annual deficit
EUR 24,565,760.89
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
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.