MIRA INFORM REPORT
|
Report Date : |
16.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
HILL-ROM
GMBH |
|
|
|
|
Registered Office : |
Wullener
Feld 79 D 58454 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
30.05.1990 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Manufacture
of technical instruments and supplies for medical purposes. |
|
|
|
|
No. of Employees |
136 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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
HILL-ROM GMBH
Company Status: active
Wullener Feld 79
D 58454 Witten
Telephone:0180/223400
Homepage: www.hill-rom.de
E-mail: ersatzteile.deutschland@hill-rom.com
CONCLUSION
Business relations are permissible.
Company summary
LEGAL FORM Private limited company
Date of foundation: 1990
Shareholders'
agreement: 30.05.1990
Registered on: 21.11.2012
Commercial Register: Local court 44787 Bochum
under: HRB 14186
Share capital: EUR 51,129.19
Shareholder:
Völker Holding GmbH &
Co.KG
Wullener Feld 79
D 58454 Witten
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 50,000.00
contribution:
Share: EUR 51,129.19
Registered on: 18.11.1999
Reg. data: 44787 Bochum,
HRA 4726
Manager:
Jörg Waldeyer
D 45525 Hattingen
having sole power of
representation
born: 18.06.1969
Profession: graduate
engineer
Manager:
Karl Meinolf Köhn
D 44787 Bochum
having sole power of representation
born: 20.02.1955
Profession: Businessman
Marital status: unknown
Proxy:
Rüdiger Schmidt
D 40210 Düsseldorf
authorized to jointly
represent the company
born: 27.04.1964
Profession: Businessman
Marital status: unknown
Proxy:
Silvia Hahn
D 47798 Krefeld
authorized to jointly
represent the company
born: 29.07.1967
Further functions/participations of Jörg
Waldeyer (Manager)
Manager:
Völker GmbH
Wullener Feld 79
D 58454 Witten
Legal form: Private
limited company
Share capital: EUR 1,500,000.00
Registered
on: 03.02.2012
Reg. data: 44787 Bochum, HRB 13778
Manager:
Völker Verwaltung GmbH
Wullener Feld 79
D 58454 Witten
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 28.10.1999
Reg. data: 44787 Bochum, HRB 8178
Further functions/participations of Karl
Meinolf Köhn (Manager)
Manager:
Völker GmbH
Wullener Feld 79
D 58454 Witten
Legal form: Private
limited company
Share capital: EUR 1,500,000.00
Registered
on: 03.02.2012
Reg. data: 44787 Bochum, HRB 13778
Manager:
Völker Verwaltung GmbH
Wullener Feld 79
D 58454 Witten
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 28.10.1999
Reg. data: 44787 Bochum, HRB 8178
COMPANY HISTORY
29.09.1994 - 13.01.1998 Hill-Rom GmbH
Arnoldstr. 13
D 47906 Kempen
Private limited
company
14.01.1998 - 14.01.1998 Hill-Rom Holding GmbH
Arnoldstr. 13
D 47906 Kempen
Private limited
company
07.11.2002 - 28.04.2003 Hill-Rom Holding GmbH
Arnoldstr. 13
D 47906 Kempen
Private limited
company
28.04.2003 - 18.08.2003 Hill-Rom Holding GmbH
Arnoldstr. 13
D 47906 Kempen
Private limited
company
18.08.2003 - 03.09.2003 Hill-Rom Holding GmbH
Franz-Rennefeld-Weg 4
D 40472 Düsseldorf
Private limited
company
03.09.2003 - 21.11.2012 Hill-Rom GmbH
Franz-Rennefeld-Weg 2
D 40472 Düsseldorf
Private limited
company
BUSINESS ACTIVITIES
Main industrial sector
32501
Manufacutre of technical instruments and supplies for medical purposes n.e.c.
46462 Wholesale of medical and orthopedic goods,
dental and laboratory supplies
BRANCHES AND FACTORIES
Branch:
Hill-Rom GmbH
Arnoldstr. 13
D 47906 Kempen
TEL.: 02152/1440
FAX.: 02152/144-0
FINANCIAL INFORMATION
Payment
experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2011/2012
REAL ESTATE
Type of ownership: Tenant
Address Wullener Feld 79
D 58454
Witten
Land register documents were not available.
BANKERS
THE ROYAL BANK OF SCOTLAND NIEDERLASSUNG
FRANKFURT, 60311
FRANKFURT AM MAIN
Sort. code: 50230400
BIC: ABNADEFFFRA
DEUTSCHE BANK, 40189 DÜSSELDORF
Sort. code: 30070010
BIC: DEUTDEDDXXX
FINANCIAL FIGURES
Turnover: 2011/2012 EUR 27,550,357.00
2012/2013 EUR 28,000,000.00
Profit: 2011/2012 EUR 1,722,257.00
further business figures:
Equipment: EUR 2,622,660.00
Ac/ts receivable: EUR 14,743,427.00
Liabilities: EUR 3,241,899.00
Employees:
136
BALANCE SHEETS
Balance sheet ratios
01.10.2011 - 30.09.2012
Equity ratio [%]: 29.78
Liquidity ratio: 6.41
Return on total capital
[%]: 9.14
Balance sheet ratios
01.10.2010 - 30.09.2011
Equity ratio [%]: 23.23
Liquidity ratio: 7.04
Return on total capital
[%]: 3.60
Balance sheet ratios
01.10.2009 - 30.09.2010
Equity ratio [%]: 27.65
Liquidity ratio: 4.96
Return on total capital
[%]: 5.66
Balance sheet ratios
01.10.2008 - 30.09.2009
Equity ratio [%]: 19.09
Liquidity ratio: 2.22
Return on total capital
[%]: -0.36
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: 01.10.2011 - 30.09.2012
ASSETS EUR 18,847,000.21
Fixed assets EUR 2,714,043.62
Intangible assets EUR 21,917.11
Concessions, licences,
rights EUR 21,917.11
Tangible assets EUR 2,692,126.51
Land / similar
rights EUR 30,104.93
Plant / machinery EUR 39,362.04
Other tangible assets /
fixtures and
fittings EUR 2,622,659.54
Current assets EUR 16,132,956.59
Stocks EUR 447,845.60
Finished goods / work in
progress EUR 447,845.60
Accounts receivable EUR 14,743,427.07
Trade debtors EUR 6,720,063.52
Amounts due from related
companies EUR 7,908,521.15
Other debtors and
assets EUR 114,842.40
Liquid means EUR 941,683.92
LIABILITIES EUR 18,847,000.21
Shareholders' equity EUR 5,613,423.63
Capital EUR 51,129.19
Subscribed capital
(share capital) EUR 51,129.19
Reserves EUR 71,028,223.28
Capital reserves EUR 71,028,223.28
Balance sheet profit/loss
(+/-) EUR -65,465,928.84
Profit / loss brought
forward EUR -67,188,185.63
Annual surplus / annual
deficit EUR 1,722,256.79
Provisions EUR 9,991,677.14
Pension provisions and
comparable
provisions EUR 7,029,615.00
Provisions for taxes EUR 118,516.49
Other / unspecified
provisions EUR 2,843,545.65
Liabilities EUR 3,241,899.44
Other liabilities EUR 3,241,899.44
Trade creditors (for IAS
incl. bills
of exchange) EUR 155,639.22
Liabililties due to related
companiesEUR 1,971,881.43
Unspecified other
liabilities EUR 1,114,378.79
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 27,550,356.58
Other operating
income EUR 1,926,147.23
Cost of materials EUR 10,527,668.64
Raw materials and
supplies, purchased
goods EUR 10,527,668.64
Gross result (+/-) EUR 18,948,835.17
Staff expenses EUR 8,311,707.18
Wages and salaries EUR 6,979,419.85
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,332,287.33
Total depreciation EUR 1,366,150.80
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 1,366,150.80
Other operating
expenses EUR 7,236,566.99
Operating result from
continuing
operations EUR 2,034,410.20
Interest result (+/-) EUR -193,636.92
Interest and similar
income EUR 167,646.08
Interest and similar
expenses EUR 361,283.00
Financial result
(+/-) EUR -193,636.92
Result from ordinary operations
(+/-) EUR 1,840,773.28
Income tax / refund of
income tax (+/-)EUR -118,516.49
Tax (+/-) EUR -118,516.49
Annual surplus / annual
deficit EUR 1,722,256.79
TYPE OF BALANCE SHEET: COMPANY
BALANCE SHEET
FINANCIAL YEAR: 01.10.2010
- 30.09.2011
ASSETS EUR 16,751,628.93
Fixed assets EUR 3,638,227.10
Intangible assets EUR 25,769.17
Concessions, licences,
rights EUR 25,769.17
Tangible assets EUR 3,612,457.93
Land / similar
rights EUR 35,439.71
Plant / machinery EUR 52,543.49
Other tangible assets /
fixtures and
fittings EUR 270,229.35
Other / unspecified
tangible assets EUR 3,254,245.38
Current assets EUR 13,113,401.83
Stocks EUR 392,796.99
Finished goods / work in
progress EUR 392,796.99
Accounts receivable EUR 11,766,154.00
Trade debtors EUR 4,180,122.94
Amounts due from related
companies EUR 7,403,737.72
Other debtors and
assets EUR 182,293.34
Liquid means EUR 954,450.84
LIABILITIES EUR 16,751,628.93
Shareholders' equity EUR 3,891,166.84
Capital EUR 51,129.19
Subscribed capital
(share capital) EUR 51,129.19
Reserves EUR 71,028,223.28
Capital reserves EUR 71,028,223.28
Balance sheet profit/loss
(+/-) EUR -67,188,185.63
Profit / loss brought
forward EUR -66,281,046.20
Annual surplus / annual
deficit EUR -907,139.43
Provisions EUR 10,235,409.18
Pension provisions and
comparable
provisions EUR 7,432,886.55
Other / unspecified
provisions EUR 2,802,522.63
Liabilities EUR 2,625,052.91
Other liabilities EUR 2,625,052.91
Trade creditors (for IAS
incl. bills
of exchange) EUR 180,815.81
Liabililties due to
related companiesEUR
1,651,907.93
Unspecified other
liabilities EUR 792,329.17
PROFIT AND LOSS ACCOUNT (cost-summary method) according
to Comm.
Code (HGB)
Sales EUR 28,001,986.66
Other operating
income EUR 1,511,530.06
Cost of materials EUR 12,164,236.83
Raw materials and supplies,
purchased
goods EUR 12,164,236.83
Gross result (+/-) EUR 17,349,279.89
Staff expenses EUR 8,405,087.57
Wages and salaries EUR
6,759,948.98
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,645,138.59
Total depreciation EUR 1,316,478.09
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 1,316,478.09
Other operating
expenses EUR 6,800,597.47
Operating result from
continuing
operations EUR 827,116.76
Interest result (+/-) EUR -258,310.19
Interest and similar
income EUR 200,360.01
Interest and similar
expenses EUR 458,670.20
Financial result
(+/-) EUR -258,310.19
Result from ordinary
operations (+/-) EUR 568,806.57
Extraordinary
expenses EUR 1,510,659.00
Extraordinary result
(+/-) EUR -1,510,659.00
Income tax / refund of
income tax (+/-)EUR 34,713.00
Tax (+/-) EUR 34,713.00
Annual surplus / annual
deficit EUR -907,139.43
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.99 |
|
|
1 |
Rs.99.09 |
|
Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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.