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Report No. : |
298207.2 |
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Report Date : |
24.02.2015 |
IDENTIFICATION DETAILS
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Name : |
HELMKE ORBIS GMBH, ELECTRICAL MACHINES
AND DRIVES |
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|
|
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Registered Office : |
Ludwig-Erhard-Ring 7-9, D 31157 Sarstedt |
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Country : |
Germany |
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Financials (as on) : |
31.10.2013 |
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Date of Incorporation : |
17.03.1978 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture of other special-purpose
machinery ·
Agents involved in the sale of machines
(except agricultural machineryand
ffice machinery) and industrial supplies ·
Wholesale of other machinery ·
Engineering activities in the field of
technical sectoral planning andengineering design |
|
|
|
|
No. of Employee : |
16 |
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 |
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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 – 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 |
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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, 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 |
We
refer to your enquiry of 08.12.2014.
In
the meantime there have been changes in particular in the
following areas subject to monitoring:
-
Balance sheets
HELMKE ORBIS GMBH, ELECTRICAL MACHINES AND
DRIVES
Company Status: active
Ludwig-Erhard-Ring 7-9
D 31157 Sarstedt
Telephone:05066/90333-0
Telefax:
05066/90333-291
Homepage: www.helmke.de
E-mail:
helmke@helmke.de
VAT
no.: DE811174737
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 17.03.1978
Shareholders' agreement: 17.03.1978
Registered on: 23.11.2009
Commercial Register: Local court 31134 Hildesheim
under: HRB
201804
EUR
51,129.19
Titus Helmke
Uhlemeyerstr. 25
D 30175 Hannover
born: 05.04.1973
Share: EUR 51,129.19
Jürgen Fiala
Niederrader Allee 10
D 30853 Langenhagen
having sole power of
representation
Profession: Clerk
Marital status: married
Manager:
Titus Helmke
Uhlemeyerstr. 25
D 30175 Hannover
having sole power of representation
born: 05.04.1973
J. Helmke & Co., Inh.
Titus Helmke, e.K.
Ludwig-Erhard-Ring 7-9
D 31157 Sarstedt
Legal form: Sole
proprietorship
Registered
on: 07.08.2007
Reg. data: 31134 Hildesheim, HRA 200377
Manager:
Helmke
Verwaltungsgesellschaft mbH
Ludwig-Erhard-Ring 7-9
D 31157 Sarstedt
Legal form: Private
limited company
Share capital: EUR
25,000.00
Registered
on: 05.06.2007
Reg. data: 31134 Hildesheim, HRB 200699
25.05.1978 - 22.11.2009 Helmke Orbis GmbH Projekte und
Ausrüstungen
Garvensstr. 5
D 30519 Hannover
Private limited
company
22.11.2009 - 21.11.2011 Helmke Orbis GmbH, Projekte und
Ausrüstungen
Ludwig-Erhard-Ring 7-9
D 31157 Sarstedt
Private limited
company
22.11.2011 - 23.01.2012 Helmke Orbis GmbH, Elektrische Maschinen
und Antriebe
Ludwig-Erhard-Ring
7-9
D 31157 Sarstedt
Private limited
company
Sectors
28990
Manufacture of other special-purpose machinery
46141
Agents involved in the sale of machines (except
agricultural machineryand office machinery)
and industrial
supplies n.e.c.
46692
Wholesale of other machinery
71122
Engineering activities in the field of technical sectoral
planning andengineering design
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand
Balance sheet grade: 1.0 The balance sheet
grade ranges from
1.0 to 5.0. It is based on the
following
ratios: equity ratio,
liquidity ratio and return on total
capital from the balance sheets
published in the Federal Gazette.
The
balance sheet grade forms part
of the Solvency Rating[NG].
Balance sheet year: 2012/2013
Type of ownership: Tenant
Address Ludwig-Erhard-Ring
7-9
D 31157 Sarstedt
Land register documents were not available.
COMMERZBANK, 30012 HANNOVER
Sort. code: 25040066, Account no.: 1843200
BIC: COBADEFFXXX, IBAN: DE70250400660184320000
Turnover: 2013 EUR 7,200,000.00
2014 EUR 7,200,000.00
further business figures:
Equipment: *EUR
128,000.00
Ac/ts receivable: EUR
2,458,111.00
Liabilities: EUR 762,377.00
Employees:
16
-
thereof permanent staff: 16
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
Balance sheet ratios 01.11.2012 - 31.10.2013
Equity ratio [%]: 77.87
Liquidity ratio: 10.00
Return on total capital [%]: 16.90
Balance sheet ratios 01.11.2011 - 31.10.2012
Equity ratio [%]: 69.71
Liquidity ratio: 10.00
Return on total capital [%]: 12.16
Balance sheet ratios 01.01.2011 - 31.10.2011
Equity ratio [%]: 66.83
Liquidity ratio: 10.00
Return on total capital [%]: 11.80
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 69.80
Liquidity ratio: 10.00
Return on total capital [%]: 13.74
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.
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.
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: 01.11.2012 - 31.10.2013
ASSETS EUR 5,413,929.45
Fixed assets
EUR 33,108.24
Tangible assets
EUR 148.00
Financial assets
EUR 32,960.24
Current assets
EUR 5,378,115.67
Stocks
EUR -39,123.58
Minus received advance payments for
orders / installments for stocks EUR -39,123.58
Accounts receivable
EUR 2,961,064.66
Liquid means
EUR 2,456,174.59
Remaining other assets
EUR 2,705.54
Accruals (assets)
EUR 2,705.54
LIABILITIES EUR 5,413,929.45
Shareholders' equity
EUR 4,676,146.51
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Reserves
EUR 1,000,000.00
Retained earnings / revenue reserves EUR 1,000,000.00
Balance sheet profit/loss (+/-)
EUR 3,625,017.32
Profit / loss brought forward
EUR 3,061,433.85
Annual surplus / annual deficit
EUR 563,583.47
Provisions
EUR 406,055.30
Liabilities EUR 331,727.64
Type
of balance
sheet: Company balance sheet
Financial year: 01.11.2011 - 31.10.2012
ASSETS EUR 5,190,199.96
Fixed assets EUR 33,323.24
Tangible assets
EUR 363.00
Financial assets
EUR 32,960.24
Other / unspecified financial assets EUR 32,960.24
Current assets EUR 5,156,146.94
Stocks
EUR 284,038.36
Accounts receivable
EUR 2,458,111.31
Liquid means
EUR 2,413,997.27
Remaining other assets
EUR 729.78
Accruals (assets)
EUR 729.78
LIABILITIES EUR 5,190,199.96
Shareholders' equity
EUR 4,112,563.04
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Reserves
EUR 1,000,000.00
Retained earnings / revenue reserves EUR 1,000,000.00
Balance sheet profit/loss (+/-)
EUR 3,061,433.85
Profit / loss brought forward
EUR 2,629,018.41
Annual surplus / annual deficit
EUR 432,415.44
Provisions
EUR 315,259.78
Liabilities
EUR 762,377.14
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.18 |
|
|
1 |
Rs. 95.70 |
|
Euro |
1 |
Rs. 70.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.