MIRA INFORM REPORT

 

 

Report Date :

03.01.2015

 

IDENTIFICATION DETAILS

 

Name :

HSM GMBH + CO. KG

 

 

Registered Office :

Austr. 1-9, D 88699 Frickingen

 

 

Country :

Germany

 

 

Date of Incorporation :

02.12.1993

 

 

Com. Reg. No.:

HRA 580859

 

 

Legal Form :

Ltd Partnership With Priv. Ltd. Company As General Partner

 

 

Line of Business :

Engaged in producing and Selling Products and Systems for Compressing Materials as well as for Cutting and Shredding Paper and Electronic Data Media. 

 

Subject product lines are as follows:

 

Shredding

·         Document Shredder

·         Hard drive shredder

·         Accessories for document shredders

 

Cutting

·         Guillotines

·         Rotary Trimmers

·         Stack Cutters

·         Accessories for cutting machines

 

 

Compacting

·         Vertical baling presses

·         Horizontal baling presses

·         Channel baling presses

·         Dewatering presses

·         Barrel presses

·         Consumable materials for baling presses

 

Shredding and Compacting

·         Shredder Baler Combinations

·         Multilevel Shredder-Systems

·         Accessories for shredder-baler systems

 

Converting Cardboard

·         Cardboard Perforators

 

Compacting & Recycling Plastic Bottles

·         FluidEx

·         Crusher

·         Perforators

·         Crusher-baler combinations

 

Refurbished Machines

 

 

No of Employees :

Not Available

 

[We tried to confirm the number of employees but no one is ready to part any information from the company management.]

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Germany

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

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, 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

 

Company name & address

 

HSM GmbH + Co. KG

 

Austr. 1-9

D 88699 Frickingen

Telephone:        07554/21000

Telefax:            07554/2100160

Homepage:       www.hsm.eu

E-mail:              info@hsm.eu

 

 

VAT no

 

DE811569684

 

 

Tax ID number

 

87025/01440

 

 

Company Status

 

active

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Ltd Partnership With Priv. Ltd. Company As General Partner

Date of foundation:       02.12.1993

Registered on:              16.02.1994

Register of

companies:                   Local court 79098 Freiburg

under:                                       HRA 580859

Total cap. contribution:   EUR          2,100,000.00

 

Limited partner

 

Hermann Schwelling

Hartmannweg 5

D 88682 Salem

born: 26.07.1942

Share:             EUR          1,155,000.00

 

 Limited partner:

                      Harald Schwelling

                      D 88693 Deggenhausertal

                      born: 12.06.1965

                      Share:             EUR            315,000.00

 Limited partner:

                      Sylvia Rimmele

                      D 88693 Deggenhausertal

                      born: 06.08.1966

                      née: Schwelling

                      Share:             EUR            315,000.00

 Limited partner:

                      Christina Schwelling

                      D 88682 Salem

                      born: 02.03.1962

                      née: Singer

                      Share:             EUR            315,000.00

 

General partner

 

HSM Pressen Verwaltungs-GmbH

Austr. 1-9

D 88699 Frickingen

Legal form: Private limited company

Share capital:     EUR             25,564.59

Registered on: 08.03.1994

Reg. data: 79098 Freiburg, HRB 581003

 

 

Shareholder

 

HSM GmbH + Co. KG

Austr. 1-9

D 88699 Frickingen

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR          2,100,000.00

contribution:

Share:             EUR             25,564.59

Registered on: 16.02.1994

Reg. data: 79098 Freiburg, HRA 580859

 

 

Manager

 

Hermann Schwelling

Hartmannweg 5

D 88682 Salem

having sole power of representation

born: 26.07.1942

Profession: Master mechanic

 

 Manager:

                      Matthias Wochner

                      Stettener Str. 49

                      D 88709 Meersburg

                      having sole power of representation

                      born: 29.11.1978

 

Proxy

 

Monika Haidlauf

Hauptstr. 10

D 88356 Ostrach

authorized to jointly represent the company

born: 08.10.1958

Marital status: married

 

 Proxy:

                      Wilhelm Keller

                      D 78355 Hohenfels

                      authorized to jointly represent the company

                      born: 11.06.1951

 Proxy:

                      Franz Kemmerling

                      Mühlenstr. 25

                      D 88696 Owingen

                      having sole power of representation

                      Marital status: married

 Proxy:

                      Harald Schwelling

                      D 88693 Deggenhausertal

                      authorized to jointly represent the company

                      born: 12.06.1965

 Proxy:

                      Rolf Gasteier

                      D 88697 Bermatingen

                      authorized to jointly represent the company

                      born: 31.10.1943

 Proxy:

                      Andreas Gommeringer

                      D 88682 Salem

                      authorized to jointly represent the company

                      born: 18.10.1982

 Proxy:

                      Hubert Kötzinger

                      D 88682 Salem

                      authorized to jointly represent the company

                      born: 12.01.1966

 Proxy:

                      Christof Bader

                      D 88212 Ravensburg

                      authorized to jointly represent the company

                      born: 27.08.1968

 Proxy:

                      Jürgen Walker

                      D 71134 Aidlingen

                      authorized to jointly represent the company

                      born: 19.11.1954

 Proxy:

                      Monika Haidlauf

                      Hauptstr. 10

                      D 88356 Ostrach

                      authorized to jointly represent the company

                      born: 08.10.1958

                      Marital status: married

 Proxy:

                      Wilhelm Keller

                      D 78355 Hohenfels

                      authorized to jointly represent the company

                      born: 11.06.1951

 Proxy:

                      Franz Kemmerling

                      Mühlenstr. 25

                      D 88696 Owingen

                      having sole power of representation

                      Marital status: married

 Proxy:

                      Harald Schwelling

                      D 88693 Deggenhausertal

                      having sole power of representation

                      born: 12.06.1965

 Proxy:

                      Rolf Gasteier

                      D 88697 Bermatingen

                      authorized to jointly represent the company

                      born: 31.10.1943

 Proxy:

                      Andreas Gommeringer

                      D 88682 Salem

                      authorized to jointly represent the company

                      born: 18.10.1982

 Proxy:

                      Hubert Kötzinger

                      D 88682 Salem

                      authorized to jointly represent the company

                      born: 12.01.1966

 Proxy:

                      Christof Bader

                      D 88212 Ravensburg

                      authorized to jointly represent the company

                      born: 27.08.1968

 Proxy:

                      Jürgen Walker

                      D 71134 Aidlingen

                      authorized to jointly represent the company

                      born: 19.11.1954

 

 

COMPANY HISTORY

 

 1971 - 1976                 Hermann Schwelling Maschinenbau

                          D 88682 Salem

                          Sole proprietorship

 

 1976 - 16.02.1994        HSM Pressen GmbH

                          D 88682 Salem

                          Private limited company

 

 16.02.1994 - 06.03.2007  HSM Pressen GmbH + Co. KG

                          Bahnhofstr. 115 OT Neufrach

                          D 88682 Salem

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 06.03.2007 - 16.12.2008  HSM GmbH + Co. KG

                          Bahnhofstr. 115 OT Neufrach

                          D 88682 Salem

                          Ltd partnership with priv. ltd. company

                          as general partner

 

BUSINESS ACTIVITIES

 

Engaged in producing and Selling Products and Systems for Compressing Materials as well as for Cutting and Shredding Paper and Electronic Data Media. 

 

 

Product description are as follows:-

 

Shredding

·         Document Shredder

·         Hard drive shredder

·         Accessories for document shredders

Cutting

·         Guillotines

·         Rotary Trimmers

·         Stack Cutters

·         Accessories for cutting machines

 

Compacting

·         Vertical baling presses

·         Horizontal baling presses

·         Channel baling presses

·         Dewatering presses

·         Barrel presses

·         Consumable materials for baling presses

 

Shredding and Compacting

·         Shredder Baler Combinations

·         Multilevel Shredder-Systems

·         Accessories for shredder-baler systems

 

Converting Cardboard

·         Cardboard Perforators

 

Compacting & Recycling Plastic Bottles

·         FluidEx

·         Crusher

·         Perforators

·         Crusher-baler combinations

 

Refurbished Machines

 

PARTICIPATIONS

 

 Limited partner:

                      Lena Grundstücksverwaltungsgesellschaft mbH

                      & Co. Vermietungs-KG

                      Emil-Riedl-Weg 6

                      D 82049 Pullach

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR             25,308.95

                      contribution:

                      Share:             EUR             25,308.95

                      Reg. data:  03.09.2007

                                  Local court 80333 München

                                  HRA 90836

 Shareholder:

                      HSM Pressen Verwaltungs-GmbH

                      Austr. 1-9

                      D 88699 Frickingen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,564.59

                      Share:             EUR             25,564.59

                      Reg. data:  08.03.1994

                                  Local court 79098 Freiburg

                                  HRB 581003

 Shareholder:

                      PSGI Verwaltungs-GmbH

                      Austr. 1

                      D 88699 Frickingen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  02.07.2004

                                  Local court 79098 Freiburg

                                  HRB 581671

 Shareholder:

                      Office Gold Club GmbH

                      Leostr. 22

                      D 40545 Düsseldorf

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             36,000.00

                      Share:             EUR              2,000.00

                      Reg. data:  05.12.2006

                                  Local court 40227 Düsseldorf

                                  HRB 55239

 

 

FINANCIAL INFORMATION

 

Payment experience:     cash discount/within agreed terms

 

Negative information:    We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:        proprietor

 Share:                          100.00 %

 Address                       Austr. 1

                                    D 88699 Frickingen

 

 Type of ownership:        Tenant

 Address                       Austr. 1-9

                                    D 88699 Frickingen

 

 Real Estate of:             HSM Pressen Verwaltungs-GmbH

 Type of ownership:        Tenant

 Address                       Austr. 1-9

                                     D 88699 Frickingen

 

 Land register documents were not available.

 

 

BANKERS

 

Principal bank

VOLKSBANK ÜBERLINGEN, 88662 ÜBERLINGEN, BODENSEE

Sort. code: 69061800

BIC: GENODE61UBE

 

Further banks

SPARKASSE VOGTLAND, 08462 REICHENBACH IM VOGTLAND

Sort. code: 87058000

BIC: WELADED1PLX

COMMERZBANK, 88045 FRIEDRICHSHAFEN

Sort. code: 65140072, Account no.: 1701382

BIC: COBADEFFXXX, IBAN: DE38651400720170138200

DEUTSCHE BANK, 78209 SINGEN (HOHENTWIEL)

Sort. code: 69270038, Account no.: 0860411

BIC: DEUTDE6F692, IBAN: DE43692700380086041100

SPARKASSE SALEM-HEILIGENBERG, 88679 SALEM, BADEN

Sort. code: 69051725, Account no.: 2015352

BIC: SOLADES1SAL, IBAN: DE95690517250002015352

LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144

STUTTGART

Sort. code: 60050101

BIC: SOLADEST600

BADEN-WÜRTTEMBERGISCHE BANK, 78207 SINGEN (HOHENTWIEL)

Sort. code: 69220020

BIC: SOLADEST692

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 

 The number of employees is not known.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.29

UK Pound

1

Rs.98.39

Euro

1

Rs.76.31

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

MNL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.