|
Report No. : |
329819 |
|
Report Date : |
01.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
HOUNYO
GMBH |
|
|
|
|
Registered Office : |
Münchener
Str. 17 D 85540 Haar |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
19.11.2004 |
|
|
|
|
Com. Reg. No.: |
HRB 155943 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Agents involved in the sale of a variety of goods |
|
|
|
|
No of Employees : |
9 |
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 : |
Slow But Correct |
|
|
|
|
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.
E 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 Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
HOUNYO GMBH
Münchener
Str. 17
D 85540
Haar
Telephone:089/4515186-0
Telefax: 089/4515186-99
Homepage: www.hounyo.com
E-mail: hounyo@hounyo.com
Active
DE240999506
143/147/20173
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 19.11.2004
Shareholders'
agreement: 19.11.2004
Registered on: 07.02.2005
Commercial Register: Local court 80333 München
under: HRB
155943
Share capital: EUR 25,000.00
Shareholder:
Pierre Hounyo
Wendelsteinstr. 7
D 85614 Kirchseeon
born: 28.12.1962
Share: EUR 25,000.00
Manager:
Pierre Hounyo
Wendelsteinstr. 7
D 85614 Kirchseeon
having sole power of
representation
born: 28.12.1962
Further functions/participations of Pierre
Hounyo (Manager)
Proprietor:
Hounyo
Export-Import-Handelsvertretung-Intertrading
e.K.
Wendelsteinstr. 7
D 85614 Kirchseeon
Legal form: Sole
proprietorship dissolved by
official
decree
Registered
on: 29.11.2000
Reg. data: 80333 München, HRA 77032
Shareholder:
NIHAB GmbH
Münchener Str. 17
D 85540 Haar
Legal form: Private
limited company
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Registered
on: 11.03.2013
Reg. data: 80333 München, HRB 204052
Manager:
NIHAB GmbH
Münchener Str. 17
D 85540 Haar
Legal form: Private limited
company
Share capital: EUR 100,000.00
Registered
on: 11.03.2013
Reg. data: 80333 München, HRB 204052
07.02.2005 - 16.05.2010 Hounyo
GmbH
Wendelsteinstr. 7
D 85614 Kirchseeon
Private limited company
17.05.2010 - 15.09.2010 Hounyo
GmbH
Münchener Str. 11
D 85540 Haar
Private limited company
Main industrial sector
46190
Agents involved in the sale of a variety of goods
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Münchener
Str. 17
D 85540 Haar
Land register documents were not available.
SPARKASSE HOLSTEIN, 23611 BAD SCHWARTAU
Sort. code: 21352240
BIC: NOLADE21HOL
Turnover: 2013 EUR 26,385,831.00
2014 *EUR 1,935,000.00
Profit: 2013 EUR 115,804.00
further business figures:
Equipment: EUR 5,179.00
Ac/ts receivable: EUR 31,005,664.00
Liabilities: EUR 31,293,676.00
Employees:
9
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 1.02
Liquidity ratio: 1.00
Return on total capital [%]: 0.37
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 1.71
Liquidity ratio: 1.00
Return on total capital [%]: -1.93
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 1.61
Liquidity ratio: 0.98
Return on total capital [%]: -1.90
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 9.28
Liquidity ratio: 0.69
Return on total capital [%]: 2.17
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: 01.01.2013
- 31.12.2013
ASSETS EUR 31,708,754.52
Fixed assets EUR 267,495.84
Intangible assets EUR 344.00
Concessions, licences,
rights EUR 344.00
Tangible assets EUR 150,047.10
Land / similar
rights EUR 144,868.10
Other tangible assets /
fixtures and
fittings EUR 5,179.00
Financial assets EUR 117,104.74
Shares in participations
/
subsidiaries and the
like EUR 117,104.74
Shares in investee
companies EUR 117,104.74
Current assets EUR 31,441,258.68
Stocks EUR 20,311.83
Advance payments
made EUR 20,311.83
Accounts receivable EUR 31,005,664.38
thereof total due from
shareholders EUR 56,746.02
Trade debtors EUR 30,258,751.95
Amounts due from
investee companies EUR 564,971.35
Other debtors and
assets EUR 181,941.08
Liquid means EUR 415,282.47
LIABILITIES EUR 31,708,754.52
Shareholders' equity EUR 379,188.23
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 354,188.23
Profit / loss brought
forward EUR 238,383.90
Annual surplus / annual
deficit EUR 115,804.33
Provisions EUR 35,890.13
Provisions for taxes EUR 6,569.48
Other / unspecified
provisions EUR 29,320.65
Liabilities EUR 31,293,676.16
Financial debts EUR 31,595.61
Liabilities due to
banks EUR 31,595.61
Other liabilities EUR 31,262,080.55
Trade creditors (for IAS
incl. bills
of exchange) EUR 30,209,327.01
Liabilities from
received advance
payments EUR 259,364.15
Unspecified other liabilities EUR 793,389.39
thereof liabilities
from tax /
financial
authorities EUR 2,373.29
thereof liabilities
from social
security EUR 4,315.45
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 26,385,830.62
Cost of materials EUR 25,730,118.50
Raw materials and
supplies, purchased
goods EUR 25,730,118.50
Gross result (+/-) EUR 655,712.12
Staff expenses EUR 222,152.57
Wages and salaries EUR 193,895.83
Social security
contributions and
expenses for pension
plans and
benefits EUR 28,256.74
Total depreciation EUR 2,100.41
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 2,100.41
Other operating
expenses EUR 323,303.76
Operating result from
continuing
operations EUR 108,155.38
Interest result (+/-) EUR 8,660.93
Interest and similar
income EUR 24,026.86
Interest and similar
expenses EUR 15,365.93
Financial result
(+/-) EUR 8,660.93
Result from ordinary
operations (+/-) EUR 116,816.31
Income tax / refund of
income tax (+/-)EUR -239.48
Other taxes / refund of
taxes EUR -772.50
Tax (+/-) EUR -1,011.98
Annual surplus / annual
deficit EUR 115,804.33
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR
13,120,671.79
Fixed assets EUR 268,259.84
Intangible assets EUR 531.00
Concessions, licences,
rights EUR 531.00
Tangible assets EUR 150,624.10
Land / similar
rights EUR 144,868.10
Other tangible assets /
fixtures and
fittings EUR 5,756.00
Financial assets EUR 117,104.74
Shares in participations
/
subsidiaries and the
like EUR 117,104.74
Shares in investee
companies EUR 117,104.74
Current assets EUR 12,852,411.95
Stocks EUR 26,307.03
Advance payments
made EUR 26,307.03
Accounts receivable EUR 12,739,924.59
Trade debtors EUR 12,083,697.20
Amounts due from
investee companies EUR 524,185.78
Other debtors and
assets EUR 132,041.61
Liquid means EUR 86,180.33
LIABILITIES EUR 13,120,671.79
Shareholders' equity EUR 263,383.90
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 238,383.90
Profit / loss brought
forward EUR 123,078.01
Annual surplus / annual
deficit EUR 115,305.89
Provisions EUR 24,802.50
Other / unspecified
provisions EUR 24,802.50
Liabilities EUR 12,832,485.39
Financial debts EUR 86,994.64
Liabilities due to
banks EUR 86,994.64
Other liabilities EUR 12,745,490.75
Trade creditors (for IAS
incl. bills
of exchange) EUR 12,399,723.47
Liabilities from
received advance
payments EUR 8,212.00
Unspecified other
liabilities EUR 337,555.28
thereof liabilities
from tax /
financial
authorities EUR 12,145.94
thereof liabilities
from social
security EUR 3,795.68
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 25,631,341.06
Other operating
expenses EUR 25,893,122.18
Operating result from
continuing
operations EUR -261,781.12
Interest result (+/-) EUR 338.44
Interest and similar
income EUR 23,901.89
Interest and similar expenses EUR 23,563.45
Other financial
result EUR 0.00
Income from securities
and loans from
financial assets EUR 0.00
thereof related
companies EUR 0.00
Financial result
(+/-) EUR 338.44
Result from ordinary
operations (+/-) EUR -261,442.68
Extraordinary income EUR 368,241.13
Extraordinary result (+/-) EUR 368,241.13
Income tax / refund of
income tax (+/-)EUR 7,359.68
Other taxes / refund of
taxes EUR 1,147.76
Tax (+/-) EUR 8,507.44
Annual surplus / annual
deficit EUR 115,305.89
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.75 |
|
|
1 |
Rs. 100.12 |
|
Euro |
1 |
Rs. 71.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
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.