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Report No. : |
309086 |
|
Report Date : |
26.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
HYDROTEC TECHNOLOGIES AKTIENGESELLSCHAFT |
|
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Registered Office : |
Düngstruper Str. 46, D 27793
Wildeshausen, Post Box : 15 20, D 27782 Wildeshausen |
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Country : |
Germany |
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|
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
10.09.1991 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
·
Manufacture of other ceramic products
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No. of Employee : |
86 |
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 |
HYDROTEC TECHNOLOGIES AKTIENGESELLSCHAFT
Company Status: active
Düngstruper Str. 46
D 27793 Wildeshausen
Post Box:
15 20, D 27782 Wildeshausen
Telephone:04431/9355-0
Telefax:
04431/9355-99
Homepage: www.hydrotec.com
E-mail:
office@hydrotec.com
VAT
no.: DE232403377
Tax
ID number: 68/203/66217
Business relations are permissible.
LEGAL FORM Public limited company
Date of foundation: 10.09.1991
Registered on: 16.10.1991
Commercial Register: Local court 26135
Oldenburg
under: HRB
140799
Share capital: EUR 3,806,000.00
Uwe Horst Brinkschulte
Langepatt 1
D 26931 Elsfleth
born: 31.03.1968
Jürgen Unewisse
Lehmkuhle 2
D 24799 Friedrichsholm
having sole power of representation
born: 17.12.1961
Profession: Businessman
Marital status: married
Member of the Board of Directors:
Carsten Schäfer
Dorfstr. 17
D 26180 Rastede
born: 22.04.1970
Gisbert Brinkschulte
Vor Vierhausen 21
D 27721 Ritterhude
born: 26.04.1941
Profession: Businessman
Marital status: married
Member of the Supervisory Board:
Bärbel Meta Brinkschulte
Vor Vierhausen 21
D 27721 Ritterhude
born: 24.10.1942
née: Meissner
Profession: Businessman
Marital status: married
Member of the Supervisory Board:
Iris Schäfer
Düngstruper Str. 46
D 27793 Wildeshausen
Marital status: unknown
Peter Dietmann
D 27793 Wildeshausen
born: 30.05.1962
Proxy:
Stephan Krüger
D 23758 Oldenburg
authorized to jointly
represent the company
born: 27.05.1972
Proxy:
Peter Strauß
D 25876 Hude
authorized to jointly
represent the company
born: 04.09.1962
Further functions/participations of Uwe Horst
Brinkschulte
(President of the Board of Directors)
Manager:
ABD Handels
Verwaltungs-GmbH
Düngstruper Str. 46
D 27793 Wildeshausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 16.12.2011
Reg. data: 26135 Oldenburg, HRB 206308
Further functions/participations of Jürgen
Unewisse (Member of
the
Board of Directors)
Member of the Board of Directors:
Güteschutz Kanalguss
e.V.
Ettore-Bugatti-Str. 35
D 51149 Köln
Legal form: Registered
association dormant
Registered
on: 08.07.1959
Reg. data: 50939 Köln, VR 5309
24.02.1994 - 27.03.1995 Rinnen-M-Produktions GmbH
Düngstruper Str. 46
D 27793 Wildeshausen
Private limited
company
27.03.1995 - 08.11.2005 HYDROTEC Entwässerungsrechnik GmbH
Düngstruper Str. 46
D 27793 Wildeshausen
Private limited
company
Main
industrial sector
23490
Manufacture of other ceramic products
46692
Wholesale of other machinery
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2012
Type
of ownership: proprietor
Share: 100.00 %
Address Düngstruper Str. 46
D 27793 Wildeshausen
Type
of ownership: proprietor
Share: 100.00 %
Address Wilhelm-Maybach-Str. 9
D 27793 Wildeshausen
Real
Estate of: Jürgen Unewisse
Type
of ownership: unknown
Address Lehmkuhle 2
D 24799 Friedrichsholm
Real
Estate of: Gisbert Brinkschulte
Type
of ownership: proprietor
Share: 100.00 %
Address Vor Vierhausen 21
D 27721 Ritterhude
Real
Estate of: Bärbel Meta Brinkschulte
Type
of ownership: unknown
Address Vor Vierhausen 21
D 27721 Ritterhude
Real
Estate of: Iris Schäfer
Type
of ownership: Tenant
Address Düngstruper Str. 46
D 27793 Wildeshausen
Land register documents were not available.
COMMERZBANK, 28079 BREMEN
Sort. code: 29040090
BIC: COBADEFFXXX
BANKHAUS NEELMEYER, 28074 BREMEN
Sort. code: 29020000
BIC: NEELDE22XXX
OLDENBURGISCHE LANDESBANK AG, 27782
WILDESHAUSEN
Sort. code: 28023325
BIC: OLBODEH2XXX
SPARKASSE BREMEN, 28078 BREMEN
Sort. code: 29050101
BIC: SBREDE22XXX
Turnover: 2013 EUR 47,000,000.00
2014 EUR 47,000,000.00
further business figures:
Equipment:
EUR 357,175.00
Ac/ts receivable: EUR 8,517,749.00
Liabilities: EUR 21,007,358.00
Total numbers of vehicles: 4
- Passenger
cars:
4
Employees:
86
-
thereof permanent staff: 80
-
Trainees:
6
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 24.62
Liquidity ratio: 0.41
Return on total capital [%]: 1.24
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity
ratio [%]: 23.19
Liquidity ratio: 0.37
Return on total capital [%]: 1.12
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 26.45
Liquidity ratio: 0.45
Return
on total capital [%]: 0.96
Balance sheet grade: 3.5
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 27.31
Liquidity ratio: 0.42
Return on total capital [%]: 2.52
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: 01.01.2012 - 31.12.2012
ASSETS EUR 28,217,395.52
Fixed assets
EUR 7,590,695.87
Intangible assets
EUR 56,012.48
Concessions, licences, rights
EUR 11,999.06
Goodwill
EUR 44,013.42
Tangible assets
EUR 6,183,971.44
Land / similar rights
EUR 4,209,293.97
Plant
/ machinery EUR 1,617,502.51
Other tangible assets / fixtures and
fittings
EUR 357,174.96
Financial assets
EUR 1,350,711.95
Shares in participations /
subsidiaries and the like
EUR 1,273,694.95
Shares in investee companies
EUR 1,273,694.95
Other loans
EUR 77,017.00
Current assets
EUR 20,538,234.78
Stocks
EUR 11,965,171.65
Raw materials, consumables and
supplies
EUR 4,018,050.71
Finished goods / work in progress
EUR 7,947,120.94
Accounts receivable
EUR 8,517,748.54
Trade debtors
EUR 3,477,313.02
Amounts due from investee companies
EUR 4,637,162.55
Other debtors and assets
EUR 403,272.97
Liquid means
EUR 55,314.59
Remaining other assets
EUR 88,464.87
Accruals (assets)
EUR 34,851.41
thereof disagio EUR 12,904.10
Active difference from asset
offsetting
EUR 53,613.46
LIABILITIES EUR 28,217,395.52
Shareholders' equity
EUR 6,980,376.80
Capital
EUR 3,806,000.00
Subscribed capital (share capital)
EUR 3,806,000.00
Reserves
EUR 781,514.88
Capital reserves
EUR 720,040.00
Retained earnings / revenue reserves EUR 61,474.88
Balance sheet profit/loss (+/-)
EUR 2,392,861.92
Balance sheet profit / loss
EUR 2,392,861.92
Provisions EUR 229,660.66
Provisions for taxes
EUR 900.00
Other / unspecified provisions
EUR 228,760.66
Liabilities
EUR 21,007,358.06
Financial debts EUR 19,375,176.24
Liabilities due to banks
EUR 19,375,176.24
Other liabilities
EUR 1,632,181.82
Trade creditors (for IAS incl. bills
of exchange) EUR
1,086,204.57
Unspecified other liabilities
EUR 545,977.25
thereof liabilities from tax /
financial authorities
EUR 46,045.12
thereof liabilities from social
security EUR 4,562.31
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 44,577,955.54
Inventory change + own costs (+/-)
EUR 253,335.26
Inventory change (+/-)
EUR 205,913.76
Capitalised own costs
EUR 47,421.50
Other operating income
EUR 646,532.00
Cost of materials
EUR 34,944,720.32
Raw materials and supplies, purchased
goods
EUR 34,882,185.86
Purchased services
EUR 62,534.46
Gross result (+/-)
EUR 10,533,102.48
Staff expenses
EUR 4,030,874.66
Wages and salaries
EUR 3,419,631.89
Social security contributions and
expenses for pension plans and
benefits EUR 611,242.77
Total depreciation
EUR 746,799.30
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 746,799.30
Other operating expenses
EUR 4,166,951.04
Operating result from continuing
operations
EUR 1,588,477.48
Interest result (+/-)
EUR -1,019,679.05
Interest and similar income EUR 100,689.95
Interest and similar expenses
EUR 1,120,369.00
Financial result (+/-)
EUR -1,019,679.05
Result from ordinary operations (+/-)
EUR 568,798.43
Income tax / refund of income tax (+/-)EUR -203,646.81
Other taxes / refund of taxes
EUR -15,193.66
Tax
(+/-)
EUR -218,840.47
Annual surplus / annual deficit
EUR 349,957.96
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 28,422,807.92
Fixed assets
EUR 7,538,150.58
Intangible assets
EUR 78,422.95
Concessions, licences, rights
EUR 28,334.74
Goodwill
EUR 50,088.21
Tangible assets
EUR 6,174,106.04
Land / similar rights
EUR 4,286,479.14
Plant / machinery
EUR 1,436,623.38
Other tangible assets / fixtures and
fittings
EUR 333,324.45
Advance payments made / construction
in progress
EUR 117,679.07
Financial assets
EUR 1,285,621.59
Shares in participations /
subsidiaries and the like
EUR 1,250,613.59
Shares
in investee companies EUR 1,250,613.59
Other loans
EUR 35,008.00
Current assets
EUR 20,786,016.97
Stocks
EUR 12,585,146.31
Raw materials, consumables and
supplies
EUR 3,921,060.97
Finished goods / work in progress
EUR 8,664,085.34
Accounts receivable
EUR 7,941,039.71
Trade debtors
EUR 2,323,024.70
Amounts due from investee companies
EUR 4,219,295.27
Other debtors and assets
EUR 1,398,719.74
Liquid means
EUR 259,830.95
Remaining other assets EUR 98,640.37
Accruals (assets)
EUR 51,423.19
thereof disagio
EUR 18,640.10
Active difference from asset
offsetting EUR 47,217.18
LIABILITIES EUR 28,422,807.92
Shareholders' equity
EUR 6,630,418.84
Capital
EUR 3,806,000.00
Subscribed capital (share capital)
EUR 3,806,000.00
Reserves
EUR 781,514.88
Capital reserves
EUR 720,040.00
Retained earnings / revenue reserves EUR 61,474.88
Balance sheet profit/loss (+/-)
EUR 2,042,903.96
Balance sheet profit / loss
EUR 2,042,903.96
Provisions
EUR 301,088.05
Provisions for taxes
EUR 73,180.00
Other / unspecified provisions
EUR 227,908.05
Liabilities
EUR 21,491,301.03
Financial debts
EUR 18,707,076.62
Liabilities due to banks
EUR 18,707,076.62
Other liabilities
EUR 2,784,224.41
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,865,160.11
Unspecified other liabilities
EUR 919,064.30
thereof liabilities from tax /
financial authorities
EUR 63,077.63
thereof liabilities from social
security
EUR 5,383.07
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales
EUR 46,354,663.92
Inventory change + own costs (+/-)
EUR 134,682.42
Inventory change (+/-)
EUR 134,682.42
Other operating income
EUR 638,989.07
Cost of materials
EUR 36,966,327.76
Raw materials and supplies, purchased
goods
EUR 36,912,373.35
Purchased services
EUR 53,954.41
Gross result (+/-)
EUR 10,162,007.65
Staff expenses
EUR 3,899,841.55
Wages and salaries
EUR 3,308,599.69
Social security contributions and
expenses for pension plans and
benefits
EUR 591,241.86
Total depreciation
EUR 730,323.37
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 730,323.37
Other operating expenses
EUR 4,033,831.19
Operating result from continuing
operations
EUR 1,498,011.54
Interest result (+/-)
EUR -960,150.20
Interest and similar income
EUR 85,704.41
Interest and similar expenses
EUR 1,045,854.61
Financial result (+/-) EUR -960,150.20
Result from ordinary operations (+/-)
EUR 537,861.34
Income tax / refund of income tax (+/-)EUR -203,892.90
Other taxes / refund of taxes
EUR -17,055.52
Tax
(+/-) EUR -220,948.42
Annual surplus / annual deficit
EUR 316,912.92
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.04 |
|
|
1 |
Rs.96.02 |
|
Euro |
1 |
Rs.70.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.