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Report No. : |
333818 |
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Report Date : |
30.07.2015 |
IDENTIFICATION DETAILS
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Name : |
HEINRICHS MESSTECHNIK GMBH |
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Registered Office : |
Robert-Perthel-Str. 9, D 50739 Köln |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
1911 |
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Com. Reg. No.: |
HRB 37040 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of metal forming machinery · Wholesale of other machinery, equipment and supplies |
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No. of Employees : |
60 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Slow but correct |
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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 |
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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, 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 |
HEINRICHS MESSTECHNIK GMBH
Company Status: active
Robert-Perthel-Str. 9
D 50739 Köln
Telephone:0221/497080
Telefax: 0221/49708178
Homepage: www.heinrichs-mt.com
E-mail: info@heinrichs.eu
VAT no.: DE813416533
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 1911
Shareholders'
agreement: 06.12.2001
Registered on: 08.03.2002
Commercial Register: Local
court 50939 Köln
under: HRB 37040
Share capital: EUR 675,000.00
Shareholder:
Kobold
Holding Gesellschaft m.b.H. (FN
151437
b)
A -
Wien
Legal
form: Other legal form
Share: EUR 675,000.00
Reg. data: 21335 Lüneburg,
Manager:
Frank
Schramm
D
63869 Heigenbrücken
born:
01.04.1965
Proxy:
Heinrich Sicking
Schwarzwaldstr.
43
D
79539 Lörrach
authorized to jointly represent the company
born:
26.10.1952
Profession: Fully qualified physicist
Marital status: single
Proxy:
Mario
Brock
Robert-Perthel-Str. 9
Geschäftsanschrift
D
50739 Köln
authorized to jointly represent the company
born: 07.11.1959
Profession: Businessman
Marital status: unknown
Main industrial sector
28410 Manufacture of metal forming machinery
Secondary industrial sector
4669 Wholesale of other machinery, equipment and
supplies
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Robert-Perthel-Str. 9
D
50739 Köln
Land register documents
were not available.
COMMERZBANK VORMALS
DRESDNER BANK, 50450 KÖLN
Sort. code: 37080040
BIC: DRESDEFF370
Turnover: 2014 *EUR 6,900,000.00
Profit: 2013 EUR 690,466.00
further business figures:
Ac/ts receivable: EUR
928,508.00
Liabilities: EUR 2,224,035.00
Employees:
60
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 [%]: 39.40
Liquidity ratio: 0.42
Return on total capital
[%]: 16.09
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 22.74
Liquidity ratio: 0.32
Return on total capital
[%]: -1.04
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 25.47
Liquidity ratio: 0.31
Return on total capital
[%]: 2.91
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 25.39
Liquidity ratio: 0.27
Return on total capital
[%]: 0.19
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
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 4,296,663.97
Fixed assets
EUR 1,100,520.48
Intangible assets
EUR 8,357.00
Tangible assets
EUR 1,092,163.48
Current assets
EUR 3,196,143.49
Accounts receivable
EUR 928,507.70
Liquid means
EUR 635.79
Other current assets
EUR 2,267,000.00
LIABILITIES EUR 4,296,663.97
Shareholders' equity
EUR 1,695,629.31
Capital
EUR 675,000.00
Subscribed capital (share capital)
EUR 675,000.00
Reserves EUR 500,000.00
Capital reserves
EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR 520,629.31
Profit / loss brought forward
EUR -169,836.26
Annual surplus / annual deficit
EUR 690,465.57
Provisions
EUR 377,000.00
Liabilities
EUR 2,224,034.66
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 4,223,558.98
Fixed assets
EUR 1,137,894.48
Intangible assets
EUR 9,524.00
Other / unspecified intangible assetsEUR 9,524.00
Tangible assets
EUR 1,128,370.48
Other / unspecified tangible assets
EUR 1,128,370.48
Current assets
EUR 3,085,664.50
Stocks EUR 2,098,000.00
Accounts receivable
EUR 952,935.15
Other debtors and assets
EUR 952,935.15
Liquid means
EUR 34,729.35
LIABILITIES EUR 4,223,558.98
Shareholders' equity
EUR 1,005,163.74
Capital
EUR 675,000.00
Subscribed capital (share capital)
EUR 675,000.00
Reserves
EUR 500,000.00
Capital reserves
EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR -169,836.26
Profit / loss brought forward EUR -126,348.95
Annual surplus / annual deficit
EUR -43,487.31
Provisions
EUR 412,000.00
Liabilities
EUR 2,806,395.24
Other liabilities EUR 2,806,395.24
Unspecified other liabilities
EUR 2,806,395.24
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.99.71 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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|
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.