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Report No. : |
353115 |
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Report Date : |
05.12.2015 |
IDENTIFICATION DETAILS
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Name : |
WMH HERION ANTRIEBSTECHNIK GMBH |
|
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Registered Office : |
Stanglmühle 9-11, D 85283 Wolnzach |
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Country : |
Germany |
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Financials (as on) : |
30.06.2014 |
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Date of Incorporation : |
09.01.2003 |
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Com. Reg. No.: |
HRB 191244 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture
of bearings, gears, gearing and driving elements ·
Wholesale
of other equipment and accessories for machinery and technical supplies ·
Other
business support service activities n. e. c. ·
Other
service activities n. e. c. |
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No. of Employees : |
59 |
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 : |
Slow but correct |
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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 |
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High |
B2 |
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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 5.2% 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 |
WMH
HERION ANTRIEBSTECHNIK GMBH
Company Status: active
Stanglmühle 9-11
D 85283 Wolnzach
Telephone:08442/9699-0
Telefax: 08442/9699-288
Homepage: www.wmh-herion.de
E-mail: info@wmh-herion.de
DE813607186
124/142/50376
Business relations are permissible.
LEGAL FORM Private
limited company
Date
of foundation: 09.01.2003
Shareholders'
agreement: 09.01.2003
Registered on: 03.03.2003
Commercial Register: Local court 85049 Ingolstadt
under: HRB
191244
EUR 285,000.00
Shareholder:
Claude Christian Ernst
Herion
Johannisberger Str. 1a
D 14197 Berlin
born: 26.07.1961
Share: EUR 160,550.00
Shareholder:
WMH Herion
Antriebstechnik GmbH
Stanglmühle 9-11
D 85283 Wolnzach
Legal form: Private
limited company
Share capital: EUR
285,000.00
Share: EUR 70,950.00
Registered on: 03.03.2003
Reg. data: 85049
Ingolstadt, HRB 191244
Shareholder:
HERION PHOENIX GmbH
Stanglmühle 9-11
D 85283 Wolnzach
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 53,500.00
Registered on: 02.02.2015
Reg. data: 85049
Ingolstadt, HRB 7336
Manager:
Claude Christian Ernst
Herion
Johannisberger Str. 1a
D 14197 Berlin
having sole power of
representation
born: 26.07.1961
Profession: Fully
qualified political
economist
Marital status: married
Proxy:
Andreas Pfafflinger
D 85077 Manching
authorized to jointly
represent the company
born: 13.02.1982
Proxy:
Jürgen Ernst
D 85283 Wolnzach
authorized to jointly
represent the company
born: 12.08.1960
Further functions/participations of Claude
Christian Ernst Herion
(Manager)
Shareholder:
WHM Herion Gesellschaft
mit beschränkter
Haftung
Kreuzloh 1-3
D 85276 Pfaffenhofen
Legal form: Private
limited company
insolvent
Share capital: EUR 715,808.63
Share: EUR 42,948.52
Registered
on: 09.10.1947
Reg. data: 85049 Ingolstadt, HRB 141339
Shareholder:
WBS Systemtechnik GmbH
Kreuzloh 1
D 85276 Pfaffenhofen
Legal form: Private
limited company
insolvent
Share capital: EUR 950,750.00
Share: EUR 26,600.00
Registered
on: 10.02.1997
Reg. data: 85049 Ingolstadt, HRB 190664
Shareholder:
HERION PHOENIX GmbH
Stanglmühle 9-11
D 85283 Wolnzach
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Registered
on: 02.02.2015
Reg. data: 85049 Ingolstadt, HRB 7336
Manager:
WHM Herion Gesellschaft
mit beschränkter
Haftung
Kreuzloh 1-3
D 85276 Pfaffenhofen
Legal form: Private
limited company
insolvent
Share capital: EUR 715,808.63
Registered
on: 09.10.1947
Reg. data: 85049 Ingolstadt, HRB 141339
Manager:
HERION PHOENIX GmbH
Stanglmühle 9-11
D 85283 Wolnzach
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 02.02.2015
Reg. data: 85049 Ingolstadt, HRB 7336
Manager:
WBS Systemtechnik GmbH
Kreuzloh 1
D 85276 Pfaffenhofen
Legal form: Private
limited company
insolvent
Share capital: EUR 950,750.00
Registered
on: 10.02.1997
Reg. data: 85049 Ingolstadt, HRB 190664
President
of the Board of Directors:
HERION Aktiengesellschaft
Kreuzloh 1
D 85276 Pfaffenhofen
Legal form: Public
limited company dissolved
by official decree
Share capital: EUR 131,600.00
Registered
on: 19.03.2002
Reg. data: 85049 Ingolstadt, HRB 191146
President of the Board of Directors:
HERION Engineering
Aktiengesellschaft
Kreuzloh 1
D 85276 Pfaffenhofen
Legal form: Public
limited company insolvent
Share capital: EUR
247,900.00
Registered
on: 08.11.1999
Reg. data: 85049 Ingolstadt, HRB 190905
09.01.2003 - 20.10.2009 WMH Herion Antriebstechnik GmbH
Kreuzloh 1-3
D 85276 Pfaffenhofen
Private limited
company
Main industrial sector
2815
Manufacture of bearings, gears, gearing and driving elements
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
82999
Other business support service activities n. e. c.
96090
Other service activities n. e. c.
Shareholder:
WMH Herion Antriebstechnik
GmbH
Stanglmühle 9-11
D 85283 Wolnzach
Legal form: Private
limited company
Company Status: active
Share capital: EUR 285,000.00
Share: EUR 70,950.00
Reg. data: 03.03.2003
Local court
85049 Ingolstadt
HRB 191244
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013/2014
Type of ownership: Tenant
Address Stanglmühle 9-11
D 85283 Wolnzach
Land register documents were not available.
A
bank connection is unknown.
Turnover: 2013/2014 EUR 8,119,000.00
2014/2015 EUR 8,531,359.00
Expected turnover: EUR 9,000,000.00
Profit: 2013/2014 EUR 14,025.00
further business figures:
Equipment: EUR 92,289.00
Ac/ts receivable: EUR 1,468,571.00
Liabilities: EUR 2,677,068.00
Real
estate of the firm:
EUR 448,174.00
Employees:
59
Balance
sheet ratios 01.07.2013 - 30.06.2014
Equity ratio [%]: 36.74
Liquidity ratio: 0.50
Return on total capital [%]: -0.50
Balance sheet ratios 01.07.2012 - 30.06.2013
Equity ratio [%]: 41.81
Liquidity ratio: 0.60
Return on total capital [%]: 1.38
Balance sheet ratios 01.07.2011 - 30.06.2012
Equity ratio [%]: 40.41
Liquidity ratio: 0.57
Return on total capital [%]: -1.36
Balance sheet ratios 01.07.2010 - 30.06.2011
Equity ratio [%]: 42.37
Liquidity ratio: 0.65
Return on total capital [%]: 1.11
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.07.2013 - 30.06.2014
ASSETS EUR 5,404,192.10
Fixed assets
EUR 1,025,234.39
Intangible assets
EUR 180,595.00
Internally generated industrial
property rights and similar rights
and assets
EUR 166,000.00
Concessions, licences, rights
EUR 9,847.00
Goodwill
EUR 4,748.00
Tangible assets
EUR 844,639.39
Land / similar rights
EUR 448,174.28
Plant / machinery
EUR 304,176.00
Other tangible assets / fixtures and
fittings EUR 92,289.11
Current assets
EUR 4,350,666.23
Stocks
EUR 2,880,668.21
Raw materials, consumables and
supplies
EUR 135,816.67
Finished goods / work in progress
EUR 2,744,851.54
Accounts receivable
EUR 1,468,571.19
Trade debtors
EUR 1,107,060.27
Other debtors and assets EUR 361,510.92
Liquid means
EUR 1,426.83
Remaining other assets
EUR 28,291.48
Accruals (assets)
EUR 24,126.90
Deferred taxes (assets)
EUR 4,164.58
LIABILITIES EUR 5,404,192.10
Shareholders' equity
EUR 2,086,141.10
Capital
EUR 285,000.00
Subscribed capital (share capital)
EUR 285,000.00
Reserves
EUR 519,700.00
thereof for own shares
EUR 20,300.00
Capital reserves
EUR 465,000.00
Retained earnings / revenue reserves EUR 54,700.00
Balance sheet profit/loss (+/-)
EUR 781,441.10
Balance sheet profit / loss
EUR 781,441.10
Other shareholders' equity (+/-)
EUR 500,000.00
Other / unspecified part of the
shareholders' equity
EUR 500,000.00
Provisions
EUR 640,983.24
Pension provisions and comparable
provisions EUR 344,418.87
Provisions for taxes
EUR 12,116.29
Other / unspecified provisions
EUR 284,448.08
Liabilities
EUR 2,677,067.76
Financial debts EUR 1,512,506.12
Liabilities due to banks
EUR 1,512,506.12
Other liabilities
EUR 1,164,561.64
Trade creditors (for IAS incl. bills
of exchange) EUR 845,923.91
Liabilities from received advance
payments
EUR 11,091.57
Liabilities due to shareholders
EUR 0.00
Unspecified other liabilities
EUR 307,546.16
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.07.2012 - 30.06.2013
ASSETS EUR 4,709,498.26
Fixed assets
EUR 653,196.39
Intangible assets
EUR 173,654.00
Internally generated industrial
property rights and similar rights
and assets EUR 166,000.00
Concessions, licences, rights
EUR 1,581.00
Goodwill
EUR 6,073.00
Tangible assets
EUR 479,542.39
Land
/ similar rights EUR 34,808.28
Plant / machinery
EUR 343,012.00
Other tangible assets / fixtures and
fittings
EUR 101,722.11
Current assets EUR 4,036,535.67
Stocks
EUR 2,734,934.29
Raw materials, consumables and
supplies
EUR 147,988.90
Finished goods / work in progress EUR
2,586,945.39
Accounts receivable
EUR 1,263,838.15
Trade debtors
EUR 975,695.59
Other debtors and assets
EUR 288,142.56
Liquid means EUR 37,763.23
Remaining other assets
EUR 19,766.20
Accruals (assets)
EUR 19,766.20
LIABILITIES EUR 4,709,498.26
Shareholders' equity
EUR 1,972,415.83
Capital
EUR 265,000.00
Subscribed capital (share capital)
EUR 285,000.00
Other capital
EUR -20,000.00
Reserves EUR 440,000.00
Capital reserves
EUR 345,000.00
Retained earnings / revenue reserves EUR 95,000.00
Balance sheet profit/loss (+/-)
EUR 767,415.83
Balance sheet profit / loss
EUR 767,415.83
Other shareholders' equity (+/-)
EUR 500,000.00
Other / unspecified part of the
shareholders' equity
EUR 500,000.00
Provisions EUR 561,232.14
Pension provisions and comparable
provisions
EUR 254,592.17
Other / unspecified provisions
EUR 306,639.97
Liabilities EUR 2,161,629.91
Financial debts
EUR 1,004,140.27
Liabilities due to banks
EUR 1,004,140.27
Other liabilities
EUR 1,157,489.64
Trade creditors (for IAS incl. bills
of exchange)
EUR 666,976.93
Liabilities from received advance
payments
EUR 58,111.14
Liabilities due to shareholders
EUR 0.00
Unspecified other liabilities
EUR 432,401.57
Other liabilities
EUR 14,220.38
Deferred taxes (not included under
provisions/liabilities)
EUR 14,220.38
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.70.67 |
|
EUR |
1 |
Rs.72.74 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
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|
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.