|
Report Date : |
31.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
HOLTER REGELARMATUREN GMBH & CO.
KOMMANDITGESELLSCHAFT |
|
|
|
|
Registered Office : |
Helleforthstr.
58-60, D 33758 Schloß Holte-Stukenbrock |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.10.1967 |
|
|
|
|
Com. Reg. No.: |
HRA 11123 |
|
|
|
|
Legal Form : |
Ltd Partnership with Priv. Ltd.
Company as General Partner |
|
|
|
|
Line of Business : |
Manufacture of taps and valves n.e.c. |
|
|
|
|
No. of Employees : |
307 |
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 |
HOLTER REGELARMATUREN GMBH & CO.
KOMMANDITGESELLSCHAFT
Helleforthstr.
58-60
D 33758
Schloß Holte-Stukenbrock
Post Box:
14 60, D
33751 Schloß Holte-Stukenbrock
Telephone: 05207/890310
Telefax: 05207/89032000
Homepage:
www.hora.de
E-mail: mail@hora.de
DE126952544
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 01.10.1967
Registered on: 13.08.1969
Register of companies: Local
court 33602 Bielefeld
under: HRA
11123
Total cap. contribution: EUR 9,500,000.00
Prof.Dr. Heinrich Dieter
Dresselhaus
Mühlenstr. 123
D 33415 Verl
born: 20.05.1956
Share: EUR 9,500,000.00
Holter Regelarmaturen
Beteiligungs GmbH & Co
KG
Helleforthstr. 58-60
D 33758 Schloß
Holte-Stukenbrock
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 25,564.59
contribution:
Registered on: 14.09.2000
Reg. data: 33602
Bielefeld, HRA 14144
General partner:
Holter Regelarmaturen
Verwaltungs-GmbH
Helleforthstr. 58-60
D 33758 Schloß
Holte-Stukenbrock
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 02.05.2000
Reg. data: 33602
Bielefeld, HRB 36760
Prof.Dr. Heinrich Dieter
Dresselhaus
Mühlenstr. 123
D 33415 Verl
born: 20.05.1956
Share: EUR 25,564.59
Ralf Schulze
D 32584 Löhne
authorized to jointly
represent the company
born: 28.03.1967
Proxy:
Harald Wick
D 33602 Bielefeld
authorized to jointly
represent the company
born: 18.08.1972
Main industrial sector
28140
Manufacture of taps and valves n.e.c.
Shareholder:
HORA Deutschland GmbH
Helleforthstr. 58-60
D 33758 Schloß
Holte-Stukenbrock
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 17,500.00
Reg. data: 26.02.2008
Local court
33602 Bielefeld
HRB 39194
Payment experience: in top condition
Negative information:We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Helleforthstr. 58-60
D 33758 Schloß
Holte-Stukenbrock
Land register documents were not available.
KREISSPARKASSE WIEDENBRÜCK, 33758 SCHLOß
HOLTE-STUKENBROCK
Sort. code: 47853520
BIC: WELADED1WDB
DEUTSCHE BANK, 33501 BIELEFELD
Sort. code: 48070020
BIC: DEUTDE3BXXX
COMMERZBANK VORMALS DRESDNER BANK, 33502
BIELEFELD
Sort. code: 48080020
BIC:
DRESDEFF480
SPAR-U DARLEHNSKASSE SCHLOß HOLTE-STUKENBROCK,
33751 SCHLOß
HOLTE-STUKENBROCK
Sort. code: 48062466
BIC: GENODEM1SHS
UNICREDIT BANK - HYPOVEREINSBANK, 33505
BIELEFELD
Sort. code: 48020086
BIC: HYVEDEMM344
Turnover: 2012 EUR 48,096,974.00
Profit: 2012 EUR 3,486,416.00
Equipment: EUR 2,783,761.00
Ac/ts receivable: EUR 7,731,412.00
Liabilities: EUR 13,668,688.00
Employees:
307
-
thereof permanent staff: 257
-
Trainees:
50
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 67.10
Liquidity ratio: 1.78
Return on total capital [%]: 12.76
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity
ratio [%]: 58.59
Liquidity ratio: 0.82
Return on total capital [%]: 9.05
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 52.98
Liquidity ratio: 0.76
Return on total capital [%]: 9.46
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 49.61
Liquidity ratio: 0.85
Return on total capital [%]: 12.04
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 26,307,579.43
Fixed assets
EUR 5,888,855.56
Intangible assets
EUR 414,792.00
Concessions, licences, rights
EUR 414,792.00
Tangible assets
EUR 5,456,562.56
Land / similar rights
EUR 699,799.00
Plant / machinery
EUR 1,836,455.00
Other tangible assets / fixtures and
fittings EUR 2,783,761.00
Advance payments made / construction
in progress
EUR 136,547.56
Financial assets
EUR 17,501.00
Shares in participations /
subsidiaries and the like
EUR 17,501.00
Shares in related companies
EUR 17,501.00
Current assets
EUR 20,263,649.28
Stocks
EUR 10,852,913.37
Raw materials, consumables and
supplies
EUR 7,042,137.08
Finished goods / work in progress
EUR 3,809,851.42
Advance payments made
EUR 924.87
Accounts receivable
EUR 7,731,412.00
Trade debtors
EUR 7,517,799.89
Other debtors and assets
EUR 213,612.11
Liquid means
EUR 1,679,323.91
Remaining other assets
EUR 155,074.59
Accruals (assets)
EUR 155,074.59
LIABILITIES EUR 26,307,579.43
Shareholders' equity
EUR 10,000,000.00
Capital
EUR 10,000,000.00
Capital of the fully liable partner
(LP, general partnership)
EUR 500,000.00
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder EUR 500,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 9,500,000.00
Provisions
EUR 2,638,891.00
Provisions for taxes
EUR 249,409.00
Other / unspecified provisions
EUR 2,389,482.00
Liabilities
EUR 13,668,688.43
Other liabilities
EUR 13,668,688.43
Trade creditors (for IAS incl. bills
of exchange)
EUR 3,497,495.08
Liabilities from received advance
payments
EUR 2,231,021.42
Liabilities due to shareholders
EUR 7,653,496.78
Unspecified other liabilities
EUR 286,675.15
thereof liabilities from tax /
financial authorities
EUR 153,327.34
thereof liabilities from social
security EUR 41,249.39
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 48,096,973.73
Inventory change + own costs (+/-)
EUR -1,252,825.28
Inventory change (+/-)
EUR -1,252,825.28
Other operating income
EUR 1,267,397.25
Cost of materials
EUR 16,165,107.67
Raw materials and supplies, purchased
goods EUR 13,923,461.29
Purchased services
EUR 2,241,646.38
Gross result (+/-)
EUR 31,946,438.03
Staff expenses
EUR 16,140,642.15
Wages and salaries
EUR 13,178,963.48
Social security contributions and
expenses for pension plans and
benefits
EUR 2,961,678.67
Total depreciation
EUR 1,612,701.76
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,612,701.76
Other operating expenses
EUR 9,862,058.48
Operating result from continuing
operations
EUR 4,331,035.64
Interest result (+/-)
EUR -403,311.46
Interest and similar income
EUR 9,798.75
Interest and similar expenses
EUR 413,110.21
Financial result (+/-)
EUR -403,311.46
Result from ordinary operations (+/-)
EUR 3,927,724.18
Extraordinary income
EUR 129,517.58
Extraordinary result (+/-)
EUR 129,517.58
Income tax / refund of income tax (+/-)EUR -570,825.30
Tax (+/-)
EUR -570,825.30
Annual surplus / annual deficit
EUR 3,486,416.46
Type of balance
sheet:
Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 25,809,888.22
Fixed assets
EUR 5,881,785.81
Intangible assets
EUR 315,365.00
Concessions, licences, rights
EUR 315,365.00
Tangible assets
EUR 5,548,919.81
Land / similar rights
EUR 606,407.00
Plant / machinery EUR 1,780,501.00
Other tangible assets / fixtures and
fittings
EUR 3,095,643.58
Advance payments made / construction
in progress
EUR 66,368.23
Financial
assets EUR 17,501.00
Shares in participations /
subsidiaries and the like
EUR 17,501.00
Shares in investee companies
EUR 17,501.00
Current assets EUR 19,861,698.73
Stocks
EUR 12,470,663.95
Raw materials, consumables and
supplies
EUR 6,684,177.61
Finished goods / work in progress
EUR 5,749,419.33
Advance payments made
EUR 37,067.01
Accounts receivable
EUR 6,876,589.83
Trade debtors
EUR 6,439,425.51
Other debtors and assets EUR 437,164.32
Liquid means
EUR 514,444.95
Remaining other assets
EUR 66,403.68
Accruals (assets)
EUR 66,403.68
LIABILITIES EUR 25,809,888.22
Shareholders' equity
EUR 6,000,000.00
Capital
EUR 6,000,000.00
Capital of the fully liable partner
(LP, general partnership) EUR 300,000.00
Fixed capital / accounts, capital
account I
EUR 300,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 5,700,000.00
Limited partner's capital, fixed
capital, capital account I
EUR 5,700,000.00
Provisions
EUR 1,787,283.00
Other / unspecified provisions
EUR 1,787,283.00
Liabilities EUR 18,022,605.22
Financial debts
EUR 4,325,879.13
Liabilities due to banks
EUR 4,325,879.13
Other liabilities
EUR 13,696,726.09
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,873,774.71
Liabilities from received advance
payments
EUR 1,399,435.20
Liabilities due to shareholders
EUR 9,122,275.01
Unspecified other liabilities
EUR 301,241.17
thereof liabilities from tax /
financial authorities
EUR 151,446.86
thereof liabilities from social
security
EUR 49,456.39
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 49,537,403.48
Inventory change + own costs (+/-)
EUR -691,057.07
Inventory change (+/-)
EUR -691,057.07
Other operating income
EUR 2,417,011.89
Cost of materials
EUR 19,439,267.36
Raw materials and supplies, purchased
goods EUR 16,270,849.55
Purchased services
EUR 3,168,417.81
Gross result (+/-)
EUR 31,824,090.94
Staff expenses
EUR 15,180,748.17
Wages
and salaries EUR 12,382,878.95
Social security contributions and
expenses for pension plans and
benefits
EUR 2,797,869.22
Total depreciation
EUR 1,758,028.13
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,758,028.13
Other operating expenses
EUR 11,628,977.62
Operating result from continuing
operations
EUR 3,256,337.02
Interest result (+/-)
EUR -474,806.23
Interest and similar income
EUR 15,239.70
Interest and similar expenses
EUR 490,045.93
Other financial result
EUR -48,577.38
Depreciation on financial assets and
marketable securities
EUR 48,577.38
Financial result (+/-)
EUR -523,383.61
Result from ordinary operations (+/-)
EUR 2,732,953.41
Extraordinary income
EUR 131,203.82
Extraordinary result (+/-)
EUR 131,203.82
Income tax / refund of income tax (+/-)EUR -398,379.10
Tax (+/-)
EUR -398,379.10
Annual surplus / annual deficit
EUR 2,465,778.13
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
|
|
1 |
Rs.98.21 |
|
Euro |
1 |
Rs.77.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PDT |
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.