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Report No. : |
292779.2 |
|
Report Date : |
20.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
HEIDELBERG ENGINEERING GMBH |
|
|
|
|
Registered Office : |
Tiergartenstr. 15, D 69121 Heidelberg |
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|
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Country : |
Germany |
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|
|
Financials (as on) : |
31.12.2013 |
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|
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Date of Incorporation : |
22.10.1990 |
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|
|
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Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
·
Manufacutre of technical instruments and
supplies for medical purposesn.e.c. ·
Wholesale of medical and orthopedic goods, dental
and laboratory supplies |
|
|
|
|
No. of Employees : |
136 |
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 |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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, 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 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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 plans to replace nuclear
power with renewable energy, which accounts for 34% of total energy
consumption, up from 9% in 2000. 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 |
HEIDELBERG ENGINEERING GMBH
Company Status: active
Tiergartenstr. 15
D 69121 Heidelberg
Telephone:06221/64630
Telefax:
06221/646362
Homepage: www.heidelbergengineering.de
E-mail: info@heidelbergengineering.com
VAT
no.: DE143445065
SOLVENCY RATING[NG]: 1.3
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 22.10.1990
Shareholders'
agreement: 22.10.1990
Registered on: 30.04.1991
Commercial Register: Local court 68159
Mannheim
under: HRB 334163
Share capital: EUR 1,000,000.00
Shareholder:
Christoph Schoess
Heiligenbergstr. 11
D 69121 Heidelberg
born: 20.11.1947
Share: EUR 500,000.00
Shareholder:
Dr. Gerhard Zinser
Friedrich-Sprater-Str. 2
D 67346 Speyer
born: 21.04.1954
Share: EUR 500,000.00
Manager:
Christoph Schoess
Heiligenbergstr. 11
D 69121 Heidelberg
born: 20.11.1947
Profession: Businessman
Marital status: married
Manager:
Dr. Gerhard Zinser
Friedrich-Sprater-Str. 2
D 67346 Speyer
born: 21.04.1954
Profession: Businessman
Marital status: married
Manager:
Dr. Kester Nahen
D 69121 Heidelberg
born: 07.12.1969
Proxy:
Thomas Ebbinghaus
D 68159 Mannheim
authorized to jointly
represent the company
born: 15.12.1957
Profession: Businessman
Proxy:
Claus Gärtner
Uglitscher Str. 2
D 65510 Idstein
authorized to jointly
represent the company
born: 25.05.1967
Marital status: married
Further functions/participations of Christoph
Schoess (Manager)
Shareholder:
HE-Holding GmbH
Heiligenbergstr. 11 c/o
Christoph Schoess
D 69121 Heidelberg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 1.00
Registered
on: 18.12.2013
Reg. data: 68159 Mannheim, HRB 718492
Manager:
HE-Holding GmbH
Heiligenbergstr. 11 c/o
Christoph Schoess
D 69121 Heidelberg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 18.12.2013
Reg. data: 68159 Mannheim, HRB 718492
Manager:
MedicalCommunications
Soft- und Hardware
GmbH
Werner-von-Siemens-Str.
2-6
D 76646 Bruchsal
Legal form: Private
limited company
Share capital: EUR 153,200.00
Registered
on: 12.02.1996
Reg. data: 68159 Mannheim, HRB 108940
22.10.1990 - 31.12.1999 Heidelberg Engineering Optische
Meßsysteme GmbH
D 69121 Heidelberg
Private limited
company
01.01.2000 - 11.09.2002 Heidelberg Engineering Optische
Meßsysteme GmbH
D 69221 Dossenheim
Private limited
company
12.09.2002 - 10.04.2003 Heidelberg Engineering GmbH
Gerhart-Hauptmann-Str. 30
D 69221 Dossenheim
Private limited
company
Main industrial sector
32501
Manufacutre of technical instruments and supplies for medical purposesn.e.c.
46462
Wholesale of medical and orthopedic goods, dental and laboratory
supplies
Secondary industrial sector
6420
Activities of holding companies
Branch:
Heidelberg Engineering
GmbH
Roggenhorster Str. 29
D 23556 Lübeck
TEL.: 06221/64630
Shareholder:
MedicalCommunications
Soft- und Hardware
GmbH
Werner-von-Siemens-Str.
2-6
D 76646 Bruchsal
Legal form: Private
limited company
Company Status: active
Share capital: EUR 153,200.00
Share: EUR 153,200.00
Reg. data: 12.02.1996
Local court
68159 Mannheim
HRB 108940
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Tiergartenstr. 15
D 69121 Heidelberg
Land register documents were not available.
DEUTSCHE BANK, 69111 HEIDELBERG, NECKAR
Sort. code: 67270003
BIC: DEUTDESM672
VOLKSBANK KURPFALZ H+G BANK, 69117 HEIDELBERG,
NECKAR
Sort. code: 67290100
BIC: GENODE61HD3
Turnover: 2013 EUR 83,871,025.00
Profit:
2013 EUR 26,485,332.00
Equipment: EUR 3,318,115.00
Ac/ts receivable: EUR 18,325,514.00
Liabilities: EUR 4,160,672.00
Employees:
136
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 78.31
Liquidity ratio: 10.00
Return on total capital [%]: 40.46
Balance
sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 66.00
Liquidity ratio: 10.00
Return on total capital [%]: 15.59
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 61.16
Liquidity
ratio: 10.00
Return on total capital [%]: 21.20
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 48.30
Liquidity ratio: 10.00
Return on total capital [%]: 12.16
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: 01.01.2013 - 31.12.2013
ASSETS EUR 65,467,901.51
Fixed assets
EUR 6,036,954.71
Intangible assets
EUR 940,385.29
Internally generated industrial
property
rights and similar rights
and assets
EUR 79,481.00
Concessions, licences, rights
EUR 860,904.29
Tangible assets
EUR 3,631,367.12
Plant / machinery
EUR 313,252.22
Other tangible assets / fixtures and
fittings
EUR 3,318,114.90
Financial assets
EUR 1,465,202.30
Shares in participations /
subsidiaries and the like EUR 131,335.01
Shares in related companies
EUR 131,335.01
Loans to participations /
subsidiaries and the like
EUR 1,333,867.29
Loans to related companies
EUR 1,333,867.29
Current assets
EUR 59,057,880.44
Stocks
EUR 16,751,496.25
Raw materials, consumables and
supplies
EUR 4,923,000.00
Finished goods / work in progress
EUR 6,239,200.00
Advance payments made
EUR 5,589,296.25
Accounts receivable
EUR 18,325,513.81
thereof total due from shareholders
EUR 9,918.11
Trade debtors
EUR 4,250,856.02
Amounts due from related companies
EUR 13,617,849.18
Other debtors and assets
EUR 456,808.61
Liquid means EUR 23,980,870.38
Remaining other assets
EUR 373,066.36
Accruals (assets)
EUR 373,066.36
LIABILITIES EUR 65,467,901.51
Shareholders' equity
EUR 51,269,716.82
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 11,000,000.00
Retained earnings / revenue reserves EUR 11,000,000.00
Balance sheet profit/loss (+/-)
EUR 39,269,716.82
Profit / loss brought forward
EUR 12,784,385.13
Annual surplus / annual deficit
EUR 26,485,331.69
Provisions
EUR 9,256,800.00
Pension provisions and comparable
provisions
EUR 2,355,527.00
Provisions for taxes
EUR 4,352,273.00
Other
/ unspecified provisions EUR 2,549,000.00
Liabilities
EUR 4,160,672.20
Other liabilities
EUR 4,160,672.20
Trade creditors (for IAS incl. bills
of exchange) EUR 2,551,954.10
Liabilities from received advance
payments
EUR 359,712.91
Unspecified other liabilities
EUR 1,249,005.19
thereof liabilities from tax /
financial authorities
EUR 302,078.40
thereof liabilities from social
security
EUR 0.00
Other liabilities
EUR 780,712.49
Deferrals
(liabilities) EUR 780,712.49
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 83,871,025.34
Inventory change + own costs (+/-)
EUR 1,397,850.00
Inventory change (+/-)
EUR 1,336,200.00
Capitalised own costs
EUR 61,650.00
Other operating income
EUR 16,518,120.03
Cost of materials EUR 37,757,760.98
Raw materials and supplies, purchased
goods
EUR 37,080,646.17
Purchased services
EUR 677,114.81
Gross result (+/-)
EUR 64,029,234.39
Staff expenses
EUR 10,993,275.07
Wages and salaries
EUR 9,316,841.04
Social security contributions and
expenses for pension plans and
benefits EUR 1,676,434.03
Total depreciation
EUR 1,239,303.63
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,239,303.63
Other operating expenses
EUR 15,385,671.03
Operating result from continuing
operations
EUR 36,410,984.66
Interest result (+/-)
EUR 209,257.37
Interest and similar income
EUR 350,091.16
thereof from related companies
EUR 184,090.47
Interest and similar expenses
EUR 140,833.79
Financial result (+/-)
EUR 209,257.37
Result
from ordinary operations (+/-) EUR 36,620,242.03
Income tax / refund of income tax (+/-)EUR -10,130,860.34
Other taxes / refund of taxes
EUR -4,050.00
Tax
(+/-)
EUR -10,134,910.34
Annual surplus / annual deficit
EUR 26,485,331.69
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 67,851,650.18
Fixed
assets EUR 4,310,260.16
Intangible assets
EUR 186,319.00
Internally generated industrial
property rights and similar rights
and assets
EUR 64,826.00
Concessions, licences, rights
EUR 121,493.00
Tangible assets
EUR 2,950,394.76
Plant / machinery
EUR 260,056.34
Other tangible assets / fixtures and
fittings
EUR 2,690,338.42
Financial assets
EUR 1,173,546.40
Shares in participations /
subsidiaries and the like
EUR 1,185.94
Shares in related companies
EUR 1,185.94
Loans to participations /
subsidiaries and the like
EUR 1,172,360.46
Loans to related companies
EUR 1,172,360.46
Current assets
EUR 63,379,116.27
Stocks
EUR 14,470,825.41
Raw materials, consumables and
supplies
EUR 4,043,098.00
Finished goods / work in progress
EUR 4,903,000.00
Advance payments made
EUR 5,524,727.41
Accounts receivable
EUR 15,156,199.03
thereof total due from shareholders
EUR 1,651.99
Trade debtors
EUR 4,810,630.30
Amounts due from related companies
EUR 10,147,553.55
Other debtors and assets
EUR 198,015.18
Liquid means
EUR 33,752,091.83
Remaining other assets
EUR 162,273.75
Accruals (assets)
EUR 162,273.75
LIABILITIES EUR 67,851,650.18
Shareholders' equity
EUR 44,784,385.13
Capital EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 11,000,000.00
Retained earnings / revenue reserves EUR 11,000,000.00
Balance sheet profit/loss (+/-)
EUR 32,784,385.13
Profit / loss brought forward
EUR 22,203,965.69
Annual surplus / annual deficit
EUR 10,580,419.44
Provisions
EUR 19,214,308.39
Pension
provisions and comparable
provisions
EUR 2,075,286.00
Provisions for taxes
EUR 2,507,316.39
Other / unspecified provisions
EUR 14,631,706.00
Liabilities EUR 2,609,586.00
Other liabilities
EUR 2,609,586.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,705,934.72
Liabilities from received advance
payments
EUR 395,724.42
Unspecified other liabilities
EUR 507,926.86
thereof liabilities from tax /
financial authorities
EUR 251,857.68
thereof liabilities from social
security
EUR 66.59
Other liabilities
EUR 1,243,370.66
Deferrals (liabilities)
EUR 1,133,878.66
Deferred taxes (not included under
provisions/liabilities)
EUR 109,492.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 75,734,741.30
Inventory change + own costs (+/-)
EUR 2,774,029.60
Inventory change (+/-)
EUR 2,750,900.00
Capitalised own costs
EUR 23,129.60
Other operating income
EUR 2,726,799.98
Cost of materials EUR 33,519,776.38
Raw materials and supplies, purchased
goods
EUR 32,910,908.00
Purchased services
EUR 608,868.38
Gross result (+/-)
EUR 47,715,794.50
Staff expenses
EUR 9,408,592.87
Wages and salaries
EUR 8,007,489.53
Social security contributions and
expenses for pension plans and
benefits EUR 1,401,103.34
Total depreciation
EUR 3,972,219.45
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,202,219.45
Depreciation on current assets (+/-)
EUR 2,770,000.00
Other operating expenses
EUR 18,553,324.97
Operating result from continuing
operations
EUR 15,781,657.21
Interest result (+/-)
EUR 486,219.80
Interest and similar income
EUR 615,061.33
thereof from related companies
EUR 293,351.92
Interest and similar expenses
EUR 128,841.53
Financial result (+/-)
EUR 486,219.80
Result from ordinary operations (+/-)
EUR 16,267,877.01
Income tax / refund of income tax (+/-)EUR -5,683,412.57
Other taxes / refund of taxes
EUR -4,045.00
Tax
(+/-)
EUR -5,687,457.57
Annual surplus / annual deficit
EUR 10,580,419.44
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.35 |
|
|
1 |
Rs.93.10 |
|
Euro |
1 |
Rs.67.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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.