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Report No. : |
353199 |
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Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
HÄNDLE GMBH MASCHINEN UND ANLAGENBAU |
|
|
|
|
Registered Office : |
Industriestr. 47 D 75417 Mühlacker |
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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 : |
16.09.1971 |
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Com. Reg. No.: |
HRB 511695 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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No. of Employee : |
130 |
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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|
|
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Payment Behaviour : |
No complaints |
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|
|
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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 |
|
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 |
Comapny nmae and addres
HÄNDLE GMBH MASCHINEN UND ANLAGENBAU
Company Status: active
Industriestr. 47
D 75417 Mühlacker
Telephone:07041/891-1
Telefax: 07041/891-232
Homepage: www.haendle.com
E-mail: info@haendle.com
VAT
no.: DE813846380
Tax
ID number: 48020/08468
CONCLUSION
Business relations are permissible.
Sumamry
LEGAL FORM Private
limited company
Date of foundation: 16.09.1971
Shareholders'
agreement: 16.09.1971
Registered on: 08.10.2003
Commercial Register: Local court 68159 Mannheim
under: HRB
511695
Share capital
EUR 3,000,000.00
Shareholder:
Händle Grundbesitz und
Verwaltungs GmbH
Industriestr. 47
D 75417 Mühlacker
Legal form: Private
limited company
Share capital: EUR
6,646,950.00
Share: EUR 3,000,000.00
Registered on: 01.12.1971
Reg. data: 68159
Mannheim, HRB 510074
Control and profit
transfer agreement
Manager:
John Shelton Steele
USA . Statesville
having sole power of
representation
born: 24.02.1949
Nationality: USA
Manager:
Gerhard Fischer
D 75417 Mühlacker
having sole power of
representation
born: 13.02.1961
Proxy:
Dietmar Heintel
D 75446 Wiernsheim
authorized to jointly
represent the company
born: 25.01.1962
Proxy:
Jürgen Burkhardt
D 75210 Keltern
authorized to jointly
represent the company
born: 12.04.1960
Proxy:
Thomas Wagner
D 75057 Kürnbach
authorized to jointly
represent the company
born: 07.12.1959
Proxy:
Andreas Treut
D 75248 Ölbronn-Dürrn
authorized to jointly
represent the company
born: 10.05.1968
Further functions/participations of John
Shelton Steele (Manager)
Manager:
J.C. Steele and Sons (Deutschland) GmbH
Erzbergerstr. 5
D 68165 Mannheim
Legal form: Private
limited company
Share capital: EUR 2,000,000.00
Registered
on: 20.10.2005
Reg. data: 68159 Mannheim, HRB 700034
Manager:
Händle Grundbesitz und
Verwaltungs GmbH
Industriestr. 47
D 75417 Mühlacker
Legal form: Private
limited company
Share capital: EUR 6,646,950.00
Registered
on: 01.12.1971
Reg. data: 68159 Mannheim, HRB 510074
Manager:
Steele Immobilien GmbH
Erzbergerstr. 5
D 68165 Mannheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.12.2013
Reg. data: 68159 Mannheim, HRB 718468
Further functions/participations of Gerhard
Fischer (Manager)
Manager:
Händle Grundbesitz
und Verwaltungs GmbH
Industriestr. 47
D 75417 Mühlacker
Legal form: Private
limited company
Share capital: EUR 6,646,950.00
Registered
on: 01.12.1971
Reg. data: 68159 Mannheim, HRB 510074
Manager:
ZMB BRAUN GmbH
Markdorfer Str. 1
D 88048 Friedrichshafen
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 13.12.2013
Reg. data: 68159 Mannheim, HRB 718445
COMPANY HISTORY
16.09.1971 - 28.12.1977 Händle Handels- und
Vertriebsgesellschaft
mit beschränkter
Haftung
D 75417 Mühlacker
Private limited company
28.12.1977 - 07.10.1985 Händle Verwaltungsgesellschaftmit
beschränkter Haftung
D 75417 Mühlacker
Private limited
company
07.10.1985 - 07.10.2003 Händle GmbH
Industriestr. 47
D 75417 Mühlacker
Private limited
company
BUSINESS ACTIVITIES
Main industrial sector
28290
Manufacture of other general-purpose machinery
46692
Wholesale of other machinery
FINANCIAL INFORMATION
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
PMI: No significant / relevant
payment experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
REAL ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Industriestr. 47
D 75417 Mühlacker
Land register documents were not available.
BANKERS
Principal banks
COMMERZBANK, 75172 PFORZHEIM
Sort. code: 66640035
BIC: COBADEFFXXX
DEUTSCHE BANK, 75104 PFORZHEIM
Sort. code: 66670006, Account no.: 0350058
BIC: DEUTDESM666, IBAN: DE61666700060035005800
Further bank
SPARKASSE PFORZHEIM CALW, 75172 PFORZHEIM
Sort. code: 66650085, Account no.: 962481
BIC: PZHSDE66XXX, IBAN: DE03666500850000962481
FINANCIAL
FIGURES
Turnover: 2013 EUR 48,048,903.00
2014 EUR 50,000,000.00
Expected turnover: EUR 50,000,000.00
Profit: 2013 EUR
6,593,801.00
further business figures:
Equipment: EUR 1,017,004.00
Ac/ts receivable: EUR 3,218,256.00
Liabilities: EUR 21,720,716.00
Total numbers of vehicles: * 9
-
Lorries:
2
-
Passenger cars:
7
Employees: 130
-
thereof permanent staff: 116
-
Trainees:
14
Control and profit transfer agreement to:
Händle Grundbesitz und
Verwaltungs GmbH
Industriestr. 47
D 75417 Mühlacker
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 72.69
Liquidity ratio: 10.00
Return on total capital [%]: 24.11
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 59.44
Liquidity ratio: 10.00
Return
on total capital [%]: 27.56
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 54.43
Liquidity ratio: 10.00
Return on total capital [%]: 18.71
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 58.11
Liquidity ratio: 10.00
Return on total capital [%]: 15.15
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: 01.01.2013 - 31.12.2013
ASSETS EUR 27,352,144.86
Fixed assets
EUR 2,952,640.99
Intangible assets
EUR 144,492.00
Concessions, licences, rights
EUR 144,492.00
Tangible assets
EUR 2,808,148.99
Plant / machinery
EUR 1,791,145.00
Other tangible assets / fixtures and
fittings
EUR 1,017,003.99
Current assets
EUR 24,347,536.38
Stocks
EUR 9,275,383.23
Raw materials, consumables and
supplies
EUR 5,956,834.71
Finished goods / work in progress
EUR 6,351,160.06
Advance payments made
EUR 237,388.46
Minus received advance payments for
orders / installments for stocks
EUR -3,270,000.00
Accounts receivable
EUR 3,218,256.11
Trade debtors
EUR 2,731,439.31
Amounts due from related companies
EUR 277.79
Other debtors and assets
EUR 486,539.01
Liquid means
EUR 11,853,897.04
Remaining other assets
EUR 51,967.49
Accruals (assets)
EUR 51,967.49
LIABILITIES EUR 27,352,144.86
Shareholders' equity
EUR 3,000,000.00
Capital
EUR 3,000,000.00
Subscribed capital (share capital)
EUR 3,000,000.00
Provisions
EUR 2,631,429.34
Other / unspecified provisions
EUR 2,631,429.34
Liabilities
EUR 21,720,715.52
Financial debts
EUR 265,400.00
Liabilities due to banks EUR 265,400.00
Other liabilities
EUR 21,455,315.52
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,032,653.23
Liabilities from received advance
payments
EUR 2,998,213.00
Liabililties due to related companiesEUR 16,930,550.93
Unspecified other liabilities
EUR 493,898.36
thereof liabilities from tax /
financial authorities
EUR 124,951.22
thereof liabilities from social
security
EUR 23,925.19
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 48,048,903.15
Inventory change + own costs (+/-)
EUR -2,221,906.77
Inventory change (+/-)
EUR -2,221,906.77
Other operating income
EUR 727,885.50
Cost of materials
EUR 23,348,261.80
Raw materials and supplies, purchased
goods
EUR 21,564,391.96
Purchased services
EUR 1,783,869.84
Gross result (+/-) EUR 23,206,620.08
Staff expenses
EUR 9,593,159.36
Wages and salaries
EUR 8,256,464.97
Social security contributions and
expenses for pension plans and
benefits EUR 1,336,694.39
Total depreciation
EUR 498,832.41
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 498,832.41
Other operating expenses
EUR 5,819,212.36
Operating result from continuing
operations
EUR 7,295,415.95
Interest result (+/-)
EUR -541,904.58
Interest and similar income
EUR 36,556.27
Interest and similar expenses
EUR 578,460.85
thereof paid to related companies
EUR 489,482.41
Financial result (+/-)
EUR -541,904.58
Result from ordinary operations (+/-)
EUR 6,753,511.37
Expenses for transfer of profits to a
parent company
EUR 6,593,801.35
Income tax / refund of income tax (+/-)EUR -155,908.80
Other
taxes / refund of taxes EUR -3,801.22
Tax
(+/-)
EUR -159,710.02
Annual surplus / annual deficit
EUR 0.00
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 31,694,057.91
Fixed assets
EUR 2,602,649.00
Intangible assets
EUR 89,602.00
Tangible assets
EUR 2,513,047.00
Current assets
EUR 29,019,761.89
Stocks
EUR 10,641,676.60
Other / unspecified stocks
EUR 16,280,676.60
Minus received advance payments for
orders / installments for stocks
EUR -5,639,000.00
Accounts receivable
EUR 3,114,820.81
Liquid means
EUR 15,263,264.48
Remaining other assets
EUR 71,647.02
Accruals (assets)
EUR 71,647.02
LIABILITIES EUR 31,694,057.91
Shareholders' equity
EUR 3,000,000.00
Capital
EUR 3,000,000.00
Subscribed capital (share capital)
EUR 3,000,000.00
Provisions EUR 2,879,142.08
Liabilities
EUR 25,814,915.83
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 26,480,269.46
Staff expenses
EUR 9,588,661.90
Wages and salaries
EUR 8,270,914.27
Social security contributions and
expenses for pension plans and
benefits
EUR 1,317,747.63
Total depreciation
EUR 334,760.09
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 334,760.09
Other operating expenses EUR 7,390,554.39
Operating result from continuing
operations
EUR 9,166,293.08
Interest result (+/-)
EUR -439,693.09
Interest and similar income
EUR 104,330.15
Interest and similar expenses
EUR 544,023.24
thereof paid to related companies
EUR 395,613.30
Financial result (+/-)
EUR -439,693.09
Result from ordinary operations (+/-)
EUR 8,726,599.99
Expenses for transfer of profits to a
parent company
EUR 8,723,021.77
Other taxes / refund of taxes
EUR -3,578.22
Tax
(+/-)
EUR -3,578.22
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.29 |
|
Euro |
1 |
Rs.72.89 |
|
EUR |
1 |
Rs.73.29 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
ANK |
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.