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Report No. : |
336665 |
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Report Date : |
13.08.2015 |
IDENTIFICATION DETAILS
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Name : |
HOCHBACH GMBH |
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Registered Office : |
Raiffeisenstr. 16, D 70771
Leinfelden-Echterdingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Year of Establishment : |
1964 |
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Com. Reg. No.: |
HRB 221395 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Agents
involved in the sale of iron, metal and plastic goods n.e.c. · Non-specialized wholesale of raw materials and half-finished and finished goods |
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No. of Employees : |
16 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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, 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 5.2% 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. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private
investment. 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
accounted for 27.8% of gross electricity consumption in 2014, 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. Extremely low inflation, caused largely by low global
energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
HOCHBACH
GMBH
Company Status: active
Raiffeisenstr. 16
D 70771
Leinfelden-Echterdingen
Telephone:0711/903760
Telefax: 0711/9037620
Homepage: www.hochbach.de
E-mail: info@hochbach.de
DE147821697
99024/12213
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1964
Shareholders'
agreement: 24.06.1980
Registered on: 19.08.1980
Commercial Register: Local court 70190 Stuttgart
under: HRB
221395
EUR 52,000.00
Shareholder:
Axel Hochbach
D 70173 Stuttgart
Share: EUR 23,350.00
Shareholder:
Peer Hochbach
Schönbuchstr. 28
D 70771
Leinfelden-Echterdingen
born: 24.10.1931 in
Stuttgart
Share: EUR 13,050.00
Shareholder:
Elsbeth Hochbach
D 70771
Leinfelden-Echterdingen
Share: EUR 5,200.00
Shareholder:
Ina Birgit Hochbach
D 80333 München
Share: EUR 5,200.00
Shareholder:
Astrid Benedikte Hochbach
D 70771
Leinfelden-Echterdingen
Share: EUR 5,200.00
Manager:
Axel Hochbach
D 70173 Stuttgart
having sole power of
representation
Profession: Businessman
15.11.1964 - 18.08.1980 Peer hochbach e.K.
D 70771 Leinfelden-Echterdingen
Sole proprietorship
18.08.1980 - 09.01.2015 Hochbach GmbH
Schönbuchstr. 28
D 70771
Leinfelden-Echterdingen
Private limited
company
Main industrial sector
46154
Agents involved in the sale of iron, metal and plastic goods n.e.c.
46902
Non-specialized wholesale of raw materials and half-finished and
finished goods
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Raiffeisenstr.
16
D 70771 Leinfelden-Echterdingen
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 70049 STUTTGART
Sort. code: 60070070, Account no.: 881833800
BIC: DEUTDESSXXX, IBAN: DE11600700700881833800
Further bank
COMMERZBANK, 70049 STUTTGART
Sort. code: 60040071, Account no.: 5203302
BIC: COBADEFFXXX, IBAN: DE13600400710520330200
Turnover: 2013 EUR 12,000,000.00
2014 EUR 11,000,000.00
Expected turnover: EUR 14,000,000.00
Profit: 2013 EUR 639,514.00
2014 EUR 211,426.00
further business figures:
Equipment:
EUR 107,978.00
Ac/ts receivable: EUR 1,808,981.00
Liabilities: EUR 2,738,827.00
Total numbers of vehicles: 3
- Passenger
cars:
3
Employees:
16
-
thereof permanent staff: 10
-
Part-time employees: 2
-
Freelancer:
4
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 26.20
Liquidity ratio: 0.91
Return on total capital [%]: 11.37
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 34.75
Liquidity ratio: 1.33
Return on total capital [%]: 3.16
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 27.22
Liquidity ratio: 1.25
Return on total capital [%]: 9.44
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 28.72
Liquidity ratio: 1.76
Return on total capital [%]: 10.35
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 5,625,746.77
Fixed assets
EUR 62,552.06
Tangible assets
EUR 62,552.06
Current assets EUR 5,563,194.71
Stocks
EUR 2,453,036.29
Accounts receivable
EUR 2,215,400.73
Liquid means
EUR 894,757.69
LIABILITIES EUR 5,625,746.77
Shareholders' equity
EUR 1,473,780.23
Capital
EUR 52,000.00
Subscribed capital (share capital)
EUR 52,000.00
Reserves
EUR 760,000.00
Capital reserves
EUR 260,000.00
Retained earnings / revenue reserves EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR 661,780.23
Profit / loss brought forward
EUR 22,266.49
Annual surplus / annual deficit
EUR 639,513.74
Provisions
EUR 810,637.49
Liabilities EUR 3,341,329.05
Other liabilities
EUR 0.00
Unspecified other liabilities
EUR 0.00
thereof liabilities from tax /
financial authorities
EUR 21,936.41
thereof liabilities from social
security
EUR 69.60
Type
of balance sheet: Company balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 3,407,611.74
Fixed assets
EUR 65,039.06
Tangible assets
EUR 65,039.06
Current assets
EUR 3,342,572.68
Stocks EUR 1,319,594.99
Accounts receivable
EUR 1,771,572.35
Liquid means
EUR 251,405.34
LIABILITIES EUR 3,407,611.74
Shareholders' equity
EUR 1,184,266.49
Capital
EUR 52,000.00
Subscribed capital (share capital)
EUR 52,000.00
Reserves
EUR 260,000.00
Capital reserves
EUR 260,000.00
Balance sheet profit/loss (+/-)
EUR 872,266.49
Balance sheet profit / loss
EUR 872,266.49
Provisions
EUR 640,316.12
Liabilities
EUR 1,583,029.13
Other liabilities
EUR 0.00
Unspecified other liabilities
EUR 0.00
thereof liabilities from tax /
financial authorities
EUR 15,438.47
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.83 |
|
|
1 |
Rs.101.00 |
|
Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
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|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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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 |
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|
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 |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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|
-- |
NB |
New Business |
-- |
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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.