|
Report Date : |
13.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
HAZEMAG & EPR GMBH |
|
|
|
|
Registered Office : |
Brokweg 75, D 48249 Dülmen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
17.09.1992 |
|
|
|
|
Com. Reg. No.: |
HRB 6624 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture
of Other Electric Equipment N.E.C. ·
Manufacture
of lifting and handling equipment |
|
|
|
|
No. of Employees : |
299 |
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 |
HAZEMAG & EPR GmbH
Company Status: active
Brokweg 75
D 48249 Dülmen
Telephone:02594/770
Telefax: 02594/77400
Homepage: www.hazemag-group.com
E-mail: info@hazemag.de
DE812832698
312/5786/0328
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 17.09.1992
Shareholders'
agreement: 17.09.1992
Registered on: 23.09.1992
Commercial Register: Local court 48653 Coesfeld
under: HRB
6624
EUR 6,769,236.00
Schmidt, Kranz & Co.
Gesellschaft mit
beschränkter Haftung
Hauptstr. 123
D 42555 Velbert
Legal form: Private
limited company
Share capital: EUR 2,000,000.00
Share: EUR 4,769,229.00
Registered on: 26.03.1962
Reg. data: 42103
Wuppertal, HRB 17334
Shareholder:
Sinoma International
EngineeringCo. Ltd
RC Nanjing
Legal form: Other legal
form
Share: EUR 2,000,007.00
Manager:
Wilhelm Christian
Hermann Lotze
Burgfrauenstr. 117a
D 13465 Berlin
born: 18.05.1960
Profession: Fully
qualified merchant
Manager:
Mortimer Glinz
D 33449 Langenberg
having sole power of
representation
born: 15.07.1980
Profession: Businessman
Marital status: unknown
Proxy:
Dr.Ing. Frank Bauer
D 44137 Dortmund
authorized to jointly
represent the company
born: 07.07.1963
Proxy:
Albert Kupfer
D 26121 Oldenburg
authorized to jointly
represent the company
born: 24.09.1964
Profession: degree-level
economist (college
ed.)
Marital status: unknown
Proxy:
Dr. Carl York Reichardt
D 67655 Kaiserslautern
authorized to jointly
represent the company
born: 21.03.1962
Proxy:
Stephan Kirsch
AUS West Australia 6157
authorized to jointly
represent the company
born: 25.05.1962
Nationality: Australian
Further functions/participations of Wilhelm
Christian Hermann
Lotze
(Manager)
Shareholder:
Bemag
Beteiligungs-Management Gesellschaft
mbH, Berlin
Burgfrauenstr. 117a
D 13465 Berlin
Legal form: Private
limited company
Share capital: EUR 51,129.00
Share: EUR 20,451.60
Registered
on: 25.02.1998
Reg. data: 14057 Berlin, HRB 65880 B
Manager:
HAZEMAG Engineering GmbH
Baumstr. 45
D 47198 Duisburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 11.11.2013
Reg. data: 47051 Duisburg, HRB 25946
Manager:
Bemag
Beteiligungs-Management Gesellschaft
mbH, Berlin
Burgfrauenstr. 117a
D 13465 Berlin
Legal form: Private
limited company
Share capital: EUR 51,129.00
Registered
on: 25.02.1998
Reg. data: 14057 Berlin, HRB 65880 B
Manager:
Saarmag GmbH
Brokweg 75
D 48249 Dülmen
Legal form: Private
limited company dormant
Share capital: EUR 100,000.00
Registered
on: 03.01.2014
Reg. data: 48653 Coesfeld, HRB 14840
Manager:
H & E Logistic GmbH
Brokweg 75
D 48249 Dülmen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 21.02.2008
Reg. data: 48653 Coesfeld, HRB 11129
Further functions/participations of Mortimer
Glinz (Manager)
General partner:
Pia Sophie Glinz,
Mortimer Glinz, Mira
Glinz, Augustina
Glinz, Carl-Leonard Glinz,
Hans-Caspar Glinz,
Madeleine Glinz
Brinker Weg 46
D 42555 Velbert
Legal form: Partnership
under the Civil Code
Shareholder:
Schmidt, Kranz & Co.
Gesellschaft mit
beschränkter Haftung
Hauptstr. 123
D 42555 Velbert
Legal form: Private
limited company
Share
capital: EUR 2,000,000.00
Share: EUR 220,000.00
Registered
on: 26.03.1962
Reg. data: 42103 Wuppertal, HRB 17334
Shareholder:
GHH Fahrzeuge GmbH
Emscherstr. 53
D 45891 Gelsenkirchen
Legal form: Private
limited company
Share capital: EUR
2,000,000.00
Share: EUR 200,000.00
Registered
on: 05.04.2007
Reg. data: 45879 Gelsenkirchen, HRB 8966
Manager:
GSE Europe GmbH
Emscherstr. 53
D 45891 Gelsenkirchen
Legal form: Private
limited company
Share capital: EUR 50,100.00
Registered
on: 21.09.2009
Reg. data: 45879 Gelsenkirchen, HRB 10101
23.01.2013 - 10.09.2014 Manager
Dipl.-Ingenieur
Detlef Wilmer
D 59510 Lippetal
14.01.2000 - 28.03.2012 Manager
Klaus Beer
D 48249 Dülmen
12.11.2010 - 26.10.2011 Manager
Martin Wetter
D 48317 Drensteinfurt
Main industrial sector
27900
Manufacture of other electric equipment n.e.c.
28220
Manufacture of lifting and handling equipment
28290
Manufacture of other general-purpose machinery
46691
Wholesale of industrial trucks and vehicles n.e.c.
Shareholder:
Saarmag GmbH
Brokweg 75
D 48249 Dülmen
Legal form: Private
limited company
Company Status:
dormant
since: 01.10.2013
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Reg. data: 03.01.2014
Local court
48653 Coesfeld
HRB 14840
Shareholder:
HAZEMAG Control Systems
GmbH
Hilgerstr. 27
D 45141 Essen
Legal form:
Private limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 50,000.00
Reg. data: 27.11.1998
Local court
45130 Essen
HRB 13355
Shareholder:
H & E Logistic GmbH
Brokweg 75
D 48249 Dülmen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 21.02.2008
Local court
48653 Coesfeld
HRB 11129
Shareholder:
HAZEMAG Mining GmbH
Hilgerstr. 27
D 45141 Essen
Legal form: Private limited
company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 16.08.2013
Local court
45130 Essen
HRB 24833
Payment experience: cash discount/within agreed terms
Negative information:We have no negative information
at hand.
Balance sheet year: 2012
Type of ownership: Proprietor
Share: 100.00 %
Address Brokweg
75
D 48249 Dülmen
Real Estate of: Schmidt, Kranz & Co. Gesellschaft mit
beschränkter Haftung
Type of ownership: Proprietor
Share: 100.00 %
Address Hauptstr.
123
D 42555 Velbert
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 48135
MÜNSTER, WESTF
Sort. code: 40080040
BIC: DRESDEFF400
Further banks
SPARKASSE WESTMÜNSTERLAND, 48653 COESFELD
Sort. code: 40154530
BIC: WELADE3WXXX
COMMERZBANK, 48136 MÜNSTER, WESTF
Sort.
code: 40040028
BIC: COBADEFFXXX
DEUTSCHE BANK, 48233 DÜLMEN
Sort. code: 40070080
BIC: DEUTDE3B400
NATIONAL-BANK ESSEN, 45027 ESSEN, RUHR
Sort. code: 36020030
BIC: NBAGDE3EXXX
HSBC TRINKAUS & BURKHARDT, 40002
DÜSSELDORF
Sort. code: 30030880
BIC:
TUBDDEDDXXX
Turnover: 2012 EUR 15,341,227.00
2013 EUR 71,151,304.00
Expected turnover: EUR 80,000,000.00
Profit:
2012 EUR -1,347,893.00
2013 EUR 2,466,181.00
further business figures:
Equipment: EUR 932,725.00
Ac/ts receivable: EUR 12,214,303.00
Liabilities: EUR 25,139,693.00
Total numbers of vehicles: 5
-
Passenger cars:
5
Employees: 299
-
thereof permanent staff: 279
-
Trainees:
20
Balance sheet ratios 01.10.2012 - 31.12.2012
Equity ratio [%]: 47.90
Liquidity ratio: 0.66
Return on total capital [%]: -2.12
Balance sheet grade: 2.9
Balance sheet ratios 01.10.2011 - 30.09.2012
Equity ratio [%]: 45.82
Liquidity ratio: 0.81
Return on total capital [%]: 5.60
Balance sheet ratios 01.10.2010 - 30.09.2011
Equity ratio [%]: 55.61
Liquidity ratio: 10.00
Return on total capital [%]: 11.19
Balance
sheet ratios 01.10.2009 - 30.09.2010
Equity ratio [%]: 50.97
Liquidity ratio: 10.00
Return on total capital [%]: 12.37
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
- 31.12.2012
ASSETS EUR 62,976,494.62
Fixed assets
EUR 31,537,932.33
Intangible assets
EUR 2,810,285.16
Internally generated industrial
property rights and similar rights
and assets EUR 1,670,292.00
Concessions, licences, rights
EUR 1,139,993.16
Tangible assets
EUR 5,243,293.50
Land / similar rights
EUR 3,333,969.25
Plant / machinery
EUR 958,673.00
Other tangible assets / fixtures and
fittings
EUR 932,725.00
Advance payments made / construction
in progress
EUR 17,926.25
Financial assets
EUR 23,484,353.67
Shares in participations /
subsidiaries and the like
EUR 22,943,891.70
Shares in related companies
EUR 15,570,891.70
Shares in investee companies
EUR 7,373,000.00
Loans to participations /
subsidiaries and the like
EUR 235,512.26
Loans to related companies
EUR 125,000.00
Loans to investee companies
EUR 110,512.26
Other loans
EUR 304,949.71
Current assets
EUR 31,221,842.84
Stocks
EUR 13,299,411.00
Raw materials, consumables and
supplies
EUR 4,551,863.50
Finished goods / work in progress
EUR 12,836,313.15
Advance payments made
EUR 1,129,827.76
Minus received advance payments for
orders
/ installments for stocks EUR -5,218,593.41
Accounts receivable
EUR 12,214,302.89
Trade debtors
EUR 7,901,726.58
Amounts due from related companies
EUR 1,978,831.89
Other debtors and assets
EUR 2,333,744.42
Liquid means
EUR 5,708,128.95
Remaining other assets
EUR 216,719.45
Accruals (assets)
EUR 216,719.45
LIABILITIES EUR 62,976,494.62
Shareholders' equity
EUR 29,366,743.77
Capital
EUR 6,000,000.00
Subscribed capital (share capital)
EUR 6,000,000.00
Balance sheet profit/loss (+/-)
EUR 23,366,743.77
Profit / loss brought forward
EUR 24,714,636.85
Annual surplus / annual deficit
EUR -1,347,893.08
Provisions EUR 8,077,156.36
Pension provisions and comparable
provisions
EUR 2,323,463.50
Other / unspecified provisions
EUR 5,753,692.86
Liabilities
EUR 25,139,692.60
Financial debts
EUR 18,330,377.33
Liabilities due to banks
EUR 18,330,377.33
Other liabilities
EUR 6,809,315.27
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,820,368.56
Liabilities due to shareholders
EUR 796,940.00
Liabililties due to related companiesEUR 165,959.42
Liabilities
due to investee companiesEUR
1,900,466.21
Unspecified other liabilities
EUR 1,125,581.08
Other liabilities
EUR 392,901.89
Deferred taxes (not included under
provisions/liabilities)
EUR 392,901.89
Guarantees and other commitments
EUR 8,514,168.00
Guarantees / warranties
EUR 8,514,168.00
Guarantees
EUR 8,514,168.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 15,341,227.26
Inventory change + own costs (+/-)
EUR 770,375.27
Inventory change (+/-)
EUR 548,742.27
Capitalised own costs
EUR 221,633.00
Other operating income
EUR 1,655,947.35
Cost of materials
EUR 11,137,701.80
Raw materials and supplies, purchased
goods
EUR 10,286,210.80
Purchased services
EUR 851,491.00
Gross result (+/-)
EUR 6,629,848.08
Staff expenses
EUR 4,671,647.17
Wages and salaries
EUR 4,101,871.35
Social security contributions and
expenses for pension plans and
benefits
EUR 569,775.82
Total depreciation
EUR 261,121.40
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 261,121.40
Other operating expenses
EUR 3,582,448.63
Operating
result from continuing
operations
EUR -1,885,369.12
Result from participating interests
(+/-)
EUR 116,253.76
Expenses / income from participations EUR 116,253.76
Interest result (+/-)
EUR -162,480.38
Interest and similar income
EUR 17,592.20
Interest and similar expenses
EUR 180,072.58
Other financial result
EUR 2,327.94
Income from securities and loans from
financial assets
EUR 2,327.94
Financial result (+/-)
EUR -43,898.68
Result from ordinary operations (+/-)
EUR -1,929,267.80
Extraordinary expenses
EUR 10,427.50
Extraordinary result (+/-)
EUR -10,427.50
Income tax / refund of income tax (+/-)EUR 591,802.22
Tax
(+/-) EUR 591,802.22
Annual surplus / annual deficit
EUR -1,347,893.08
Type of balance sheet: Company
balance sheet
Financial year: 01.10.2011
- 30.09.2012
ASSETS EUR 69,346,249.68
Fixed assets
EUR 31,432,365.11
Intangible assets
EUR 2,650,835.00
Internally generated industrial
property rights and similar rights
and assets EUR 1,516,154.00
Concessions, licences, rights
EUR 1,134,681.00
Tangible assets
EUR 5,337,176.44
Land / similar rights
EUR 3,262,728.04
Plant / machinery
EUR 999,218.00
Other tangible assets / fixtures and
fittings
EUR 961,851.00
Advance payments made / construction
in progress
EUR 113,379.40
Financial assets
EUR 23,444,353.67
Shares in participations /
subsidiaries and the like
EUR 22,903,891.70
Shares in related companies
EUR 15,530,891.70
Shares in investee companies
EUR 7,373,000.00
Loans to participations /
subsidiaries and the like
EUR 235,512.26
Loans to related companies
EUR 125,000.00
Loans to investee companies EUR 110,512.26
Other loans
EUR 304,949.71
Current assets
EUR 37,781,046.03
Stocks
EUR 13,918,133.01
Raw materials, consumables and
supplies
EUR 5,630,629.75
Finished goods / work in progress
EUR 12,964,019.14
Advance payments made
EUR 692,545.79
Minus received advance payments for
orders
/ installments for stocks EUR -5,369,061.67
Accounts receivable
EUR 15,211,749.60
Trade debtors
EUR 11,689,618.05
Amounts due from related companies
EUR 1,617,184.29
Other debtors and assets
EUR 1,904,947.26
Investments in current assets
EUR 123,919.32
Other investments
EUR 123,919.32
Liquid means
EUR 8,527,244.10
Remaining other assets
EUR 132,838.54
Accruals (assets)
EUR 132,838.54
LIABILITIES EUR 69,346,249.68
Shareholders' equity EUR 31,714,636.85
Capital
EUR 6,000,000.00
Subscribed capital (share capital)
EUR 6,000,000.00
Balance sheet profit/loss (+/-)
EUR 25,714,636.85
Profit / loss brought forward
EUR 21,874,278.98
Annual surplus / annual deficit
EUR 3,840,357.87
Provisions
EUR 9,880,325.25
Pension provisions and comparable
provisions
EUR 2,298,096.00
Other / unspecified provisions
EUR 7,582,229.25
Liabilities
EUR 27,407,970.84
Financial debts
EUR 19,851,440.60
Liabilities due to banks
EUR 19,851,440.60
Other liabilities
EUR 7,556,530.24
Trade creditors (for IAS incl. bills
of exchange)
EUR 4,473,076.65
Liabilities due to shareholders
EUR 60,690.00
Liabililties due to related companiesEUR 188,451.82
Liabilities due to investee companiesEUR 1,900,696.09
Unspecified other liabilities
EUR 933,615.68
Other liabilities EUR 343,316.74
Deferred taxes (not included under
provisions/liabilities)
EUR 343,316.74
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 71,711,385.52
Inventory change + own costs (+/-)
EUR 3,767,474.52
Inventory change (+/-)
EUR 1,768,482.88
Capitalised own costs
EUR 1,998,991.64
Other operating income
EUR 4,946,212.49
Cost of materials
EUR 39,199,440.29
Raw materials and supplies, purchased
goods
EUR 36,903,467.47
Purchased services EUR
2,295,972.82
Gross result (+/-)
EUR 41,225,632.24
Staff expenses
EUR 21,846,576.14
Wages and salaries
EUR 18,630,532.27
Social security contributions and
expenses for pension plans and
benefits
EUR 3,216,043.87
Total depreciation
EUR 757,308.66
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 757,308.66
Other operating expenses
EUR 12,438,730.91
Operating result from continuing
operations
EUR 6,183,016.53
Result
from participating interests
(+/-)
EUR 828,077.69
Expenses / income from participations EUR 828,077.69
Income from related companies
EUR 828,077.69
Interest result (+/-)
EUR -291,056.58
Interest and similar income
EUR 245,231.42
Interest and similar expenses
EUR 536,288.00
Other financial result
EUR -776,813.30
Income from securities and loans from
financial assets
EUR 21,564.33
Depreciation on financial assets and
marketable securities
EUR 798,377.63
Financial result (+/-)
EUR -239,792.19
Result from ordinary operations (+/-)
EUR 5,943,224.34
Extraordinary expenses
EUR 41,710.00
Extraordinary result (+/-)
EUR -41,710.00
Income tax / refund of income tax (+/-)EUR -2,004,971.31
Other taxes / refund of taxes
EUR -56,185.16
Tax
(+/-)
EUR -2,061,156.47
Annual surplus / annual deficit
EUR 3,840,357.87
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
: |
SUB |
|
|
|
|
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.