|
Report No. : |
325534 |
|
Report Date : |
01.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
HÄLSSEN & LYON GMBH |
|
|
|
|
Registered Office : |
Pickhuben 9 D 20457 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
01.04.1879 |
|
|
|
|
Com. Reg. No.: |
HRB 35149 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Wholesale of Coffee, Tea, Cocoa and
Spices. |
|
|
|
|
No. of Employee : |
185 |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
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 |
|
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, 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 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. 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 accounts for 34% of total energy consumption, 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.
|
Source
: CIA |
HÄLSSEN
& LYON GMBH
Company Status: active
Pickhuben 9
D 20457 Hamburg
Telephone:040/361430
Telefax: 040/36143117
Homepage:
www.haelssen-lyon.de
E-mail: info@haelassen-lyon.de
VAT
no.: DE118560028
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.04.1879
Shareholders'
agreement: 15.10.1985
Registered on: 13.11.1985
Commercial Register: Local court 20355 Hamburg
under: HRB
35149
EUR
10,000,000.00
Shareholder:
Lars Frederik Ellerbrock
Brahmsallee 66
D 20144 Hamburg
born: 16.04.1970
Share: EUR 5,000,000.00
Shareholder:
Olivier Carl Ellerbrock
Heilwigstr. 107
D 20249 Hamburg
born: 10.11.1965
Share: EUR 2,490,000.00
Shareholder:
Pia Schlotfeldt
D 20457 Hamburg
born: 16.02.1964
née: Ellerbrock
Share: EUR 2,490,000.00
Shareholder:
Carl-Olav Ellerbrock
Pickhuben 9
D 20457 Hamburg
born: 08.01.1931
Share: EUR 20,000.00
Manager:
Dietmar Scheffler
Leinpfad 26
D 22301 Hamburg
having sole power of
representation
born: 19.02.1959
Profession: Management
expert
Marital status: unknown
Manager:
Herwig Bertelmann
Kanzleistr. 27
D 22609 Hamburg
having sole power of
representation
born: 06.01.1962
Proxy:
Karl-Heinz Grieger
D 22301 Hamburg
authorized to jointly
represent the company
Proxy:
Andreas Beuch
D 27419 Sittensen
authorized to jointly
represent the company
Profession: Businessman
Proxy:
Stéphane Orillard
D 21388 Soderstorf
authorized to jointly
represent the company
born: 31.08.1966
Proxy:
Annegret Schmidt
D 20457 Hamburg
authorized to jointly
represent the company
born: 20.04.1964
Proxy:
Dirk Bielenberg
D 23552 Lübeck
authorized to jointly
represent the company
born: 28.05.1974
Further functions/participations of Dietmar
Scheffler (Manager)
Shareholder:
LemonAid Beverages GmbH
Neuer Kamp 31
D 20359 Hamburg
Legal form: Private
limited company
Share capital: EUR 33,333.00
Share: EUR 833.00
Registered
on: 23.03.2009
Reg. data: 20355 Hamburg, HRB 108900
Manager:
H.J. Schmidt &
Partner GmbH
Wilhelm-Iwan-Ring 6
D 21035 Hamburg
Legal form: Private
limited company
Share capital: EUR 205,000.00
Registered
on: 10.04.1996
Reg. data: 20355 Hamburg, HRB 61147
Further functions/participations of Herwig
Bertelmann (Manager)
Shareholder:
Bertelmann IC GmbH
Dörpfeldstr. 4
D 22609 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 11.12.2007
Reg. data: 20355 Hamburg, HRB 103504
Manager:
H.J. Schmidt &
Partner GmbH
Wilhelm-Iwan-Ring 6
D 21035 Hamburg
Legal form: Private
limited company
Share capital: EUR 205,000.00
Registered
on: 10.04.1996
Reg. data: 20355 Hamburg, HRB 61147
Manager:
Bertelmann IC GmbH
Dörpfeldstr. 4
D 22609 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 11.12.2007
Reg. data: 20355 Hamburg, HRB 103504
Main industrial sector
46370
Wholesale of coffee, tea, cocoa and spices
Branch:
Hälssen & Lyon GmbH
Wilhelm-Iwan-Ring 6
D 21035 Hamburg
TEL.: 040/7340015
Shareholder:
H.J. Schmidt &
Partner GmbH
Wilhelm-Iwan-Ring 6
D 21035 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 205,000.00
Share: EUR 205,000.00
Reg. data: 10.04.1996
Local court
20355 Hamburg
HRB 61147
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2012/2013
Type of ownership: Tenant
Address Pickhuben 9
D 20457 Hamburg
Real Estate of: Dietmar Scheffler
Type
of ownership: Tenant
Address Leinpfad 26
D 22301 Hamburg
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000, Account no.: 0304097
BIC:
DEUTDEHHXXX, IBAN: DE27200700000030409700
Further banks
HSH
NORDBANK HAMBURG, 20095 HAMBURG
Sort. code: 20050000, Account no.: 331199
BIC: HSHNDEHH200, IBAN: DE80210500000331199000
POSTBANK (GIRO), 22280 HAMBURG
Sort. code: 20010020, Account no.: 199204
BIC: PBNKDEFFXXX, IBAN: DE14200100200000199204
Turnover: 2012/2013 EUR 84,876,391.00
2013/2014 EUR 85,000,000.00
Profit: 2012/2013 EUR 2,688,968.00
further business figures:
Equipment: EUR 729,039.00
Ac/ts receivable: EUR 13,841,251.00
Liabilities: EUR 37,157,937.00
Real
estate of the firm:
EUR 3,140,920.00
Employees:
185
-
Trainees:
9
Balance sheet ratios 01.07.2012 - 30.06.2013
Equity ratio [%]: 37.11
Liquidity ratio: 0.43
Return on total capital [%]: 4.55
Balance sheet ratios 01.07.2011 - 30.06.2012
Equity ratio [%]: 38.11
Liquidity ratio: 0.43
Return on total capital [%]: 1.50
Balance sheet ratios 01.07.2010 - 30.06.2011
Equity ratio [%]: 30.79
Liquidity ratio: 0.33
Return on total capital [%]: 4.63
Balance sheet ratios 01.07.2009 - 30.06.2010
Equity ratio [%]: 50.34
Liquidity ratio: 0.30
Return on total capital [%]: 6.67
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: 01.07.2012 - 30.06.2013
ASSETS EUR 57,574,564.60
Fixed assets
EUR 10,746,592.12
Intangible assets
EUR 485,098.57
Concessions, licences, rights
EUR 460,098.57
Advance payments for intang. assets
EUR 25,000.00
Tangible assets
EUR 5,270,196.65
Land / similar rights
EUR 3,140,920.46
Plant / machinery
EUR 665,512.84
Other tangible assets / fixtures and
fittings
EUR 729,039.49
Advance payments made / construction
in progress
EUR 734,723.86
Financial assets
EUR 4,991,296.90
Shares in participations /
subsidiaries and the like
EUR 2,200,953.00
Shares in related companies
EUR 2,200,953.00
Loans to participations /
subsidiaries and the like
EUR 2,790,343.90
Loans to related companies EUR 2,594,181.40
Loans to investee companies
EUR 196,162.50
Current assets
EUR 46,644,484.73
Stocks
EUR 32,344,584.88
Raw materials, consumables and
supplies
EUR 12,757,454.74
Finished goods / work in progress
EUR 19,015,451.51
Advance payments made
EUR 571,678.63
Accounts receivable
EUR 13,841,250.76
Trade debtors
EUR 9,982,062.29
Amounts due from related companies
EUR 2,975,205.38
Amounts due from investee companies
EUR 82,132.81
Other debtors and assets
EUR 801,850.28
Liquid means
EUR 458,649.09
Remaining other assets
EUR 183,487.75
Accruals (assets)
EUR 181,111.37
Active difference from asset
offsetting
EUR 2,376.38
LIABILITIES EUR 57,574,564.60
Shareholders' equity
EUR 16,976,531.88
Capital
EUR 10,000,000.00
Subscribed capital (share capital)
EUR 10,000,000.00
Reserves
EUR 6,976,531.88
Retained earnings / revenue reserves EUR 6,976,531.88
Provisions
EUR 3,440,096.14
Pension provisions and comparable
provisions
EUR 1,187,501.00
Provisions for taxes
EUR 292,890.00
Other
/ unspecified provisions EUR 1,959,705.14
Liabilities
EUR 37,157,936.58
Financial debts
EUR 25,727,244.47
Liabilities due to banks
EUR 25,727,244.47
Other liabilities
EUR 11,430,692.11
Trade creditors (for IAS incl. bills
of exchange)
EUR 6,185,019.69
Notes payable
EUR 416,264.30
Liabilities
due to shareholders EUR 4,386,520.70
Liabililties due to related companiesEUR 108,575.44
Unspecified other liabilities
EUR 334,311.98
Guarantees and other commitments
EUR 2,914,452.43
Guarantees / warranties
EUR 2,914,452.43
Guarantees
EUR 2,914,452.43
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 84,876,390.61
Inventory change + own costs (+/-)
EUR 938,470.84
Inventory change (+/-)
EUR 938,470.84
Other operating income
EUR 2,226,615.74
Cost of materials EUR 63,920,575.28
Raw materials and supplies, purchased
goods
EUR 51,266,844.64
Purchased services
EUR 12,653,730.64
Gross result (+/-)
EUR 24,120,901.91
Staff expenses
EUR 9,481,378.42
Wages and salaries
EUR 7,991,127.38
Social security contributions and
expenses for pension plans and
benefits EUR 1,490,251.04
Total depreciation
EUR 813,061.46
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 813,061.46
Other operating expenses
EUR 10,596,363.90
Operating result from continuing
operations
EUR 3,230,098.13
Result from participating interests
(+/-)
EUR 1,094,726.65
Expenses / income from participations EUR 1,094,726.65
Income from transfer of profits
EUR 144,726.65
Income from related companies
EUR 950,000.00
Interest result (+/-) EUR -692,793.97
Interest and similar income
EUR 15,678.79
Interest and similar expenses
EUR 708,472.76
Other financial result
EUR -29,137.21
Income from securities and loans from
financial assets
EUR 126,410.82
Depreciation on financial assets and
marketable securities
EUR 155,548.03
Financial result (+/-)
EUR 372,795.47
Result from ordinary operations (+/-)
EUR 3,602,893.60
Extraordinary income
EUR 71,651.86
Extraordinary result (+/-)
EUR 71,651.86
Income tax / refund of income tax (+/-)EUR -912,593.80
Other taxes / refund of taxes
EUR -72,983.81
Tax
(+/-)
EUR -985,577.61
Annual surplus / annual deficit
EUR 2,688,967.85
Type of balance
sheet: Company balance sheet
Financial year: 01.07.2011 - 30.06.2012
ASSETS EUR 53,051,163.88
Fixed assets
EUR 8,388,240.48
Intangible assets
EUR 532,142.85
Concessions, licences, rights
EUR 309,082.85
Advance payments for intang. assets
EUR 223,060.00
Tangible assets
EUR 3,889,331.20
Land / similar rights EUR
1,547,587.09
Plant / machinery
EUR 947,952.99
Other tangible assets / fixtures and
fittings
EUR 797,706.73
Advance payments made / construction
in progress
EUR 596,084.39
Financial assets
EUR 3,966,766.43
Shares in participations /
subsidiaries and the like
EUR 2,226,008.29
Shares in related companies EUR 2,070,460.26
Shares in investee companies
EUR 155,548.03
Loans to participations /
subsidiaries and the like
EUR 1,740,758.14
Loans to related companies
EUR 1,428,303.98
Loans to investee companies
EUR 312,454.16
Current assets
EUR 44,346,101.94
Stocks
EUR 30,646,707.44
Raw materials, consumables and
supplies
EUR 11,948,173.50
Finished goods / work in progress
EUR 18,264,851.61
Advance payments made
EUR 433,682.33
Accounts receivable
EUR 12,693,542.19
Trade debtors
EUR 8,800,609.07
Amounts due from related companies
EUR 3,064,839.00
Other debtors and assets
EUR 828,094.12
Liquid means
EUR 1,005,852.31
Remaining other assets
EUR 316,821.46
Accruals (assets)
EUR 311,704.66
Active difference from asset
offsetting
EUR 5,116.80
LIABILITIES EUR 53,051,163.88
Shareholders' equity
EUR 15,561,317.68
Capital
EUR 5,120,000.00
Subscribed capital (share capital)
EUR 5,120,000.00
Reserves
EUR 6,934,763.95
Retained earnings / revenue reserves EUR 6,934,763.95
Balance sheet profit/loss (+/-)
EUR 3,506,553.73
Balance sheet profit / loss
EUR 3,506,553.73
Provisions
EUR 2,548,823.61
Pension provisions and comparable
provisions
EUR 1,222,501.00
Provisions for taxes
EUR 67,591.00
Other / unspecified provisions
EUR 1,258,731.61
Liabilities
EUR 34,941,022.59
Financial debts
EUR 23,084,075.08
Liabilities due to banks
EUR 23,084,075.08
Other liabilities
EUR 11,856,947.51
Trade creditors (for IAS incl. bills
of exchange)
EUR 5,971,033.95
Notes payable
EUR 786,420.30
Liabilities due to shareholders EUR 4,657,485.19
Liabilities due to investee companiesEUR 28,272.93
Unspecified other liabilities
EUR 413,735.14
Guarantees and other commitments
EUR 4,549,622.06
Guarantees / warranties
EUR 4,549,622.06
Guarantees
EUR 4,549,622.06
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 78,742,405.58
Inventory change + own costs (+/-)
EUR -223,570.08
Inventory change (+/-)
EUR -223,570.08
Other operating income
EUR 2,000,610.71
Cost of materials
EUR 58,734,710.50
Raw materials and supplies, purchased
goods
EUR 46,054,571.18
Purchased services
EUR 12,680,139.32
Gross result (+/-) EUR 21,784,735.71
Staff expenses
EUR 8,993,428.73
Wages and salaries
EUR 7,541,029.95
Social security contributions and
expenses for pension plans and
benefits EUR 1,452,398.78
Total depreciation
EUR 1,699,384.71
Other operating expenses
EUR 10,206,270.26
Operating result from continuing
operations
EUR 885,652.01
Result from participating interests
(+/-)
EUR 1,128,885.75
Expenses / income from participations EUR 1,128,885.75
Income from transfer of profits
EUR 178,885.75
Income from related companies
EUR 950,000.00
Interest result (+/-)
EUR -887,038.36
Interest and similar income
EUR 12,258.92
Interest and similar expenses
EUR 899,297.28
Other financial result
EUR -138,946.69
Income from securities and loans from
financial assets
EUR 77,879.48
Depreciation on financial assets and
marketable securities
EUR 216,826.17
Financial result (+/-)
EUR 102,900.70
Result from ordinary operations (+/-)
EUR 988,552.71
Extraordinary income
EUR 2,003,581.00
Extraordinary
expenses EUR 1,840,155.83
Extraordinary result (+/-)
EUR 163,425.17
Income tax / refund of income tax (+/-)EUR -88,338.36
Other taxes / refund of taxes
EUR -104,593.09
Tax
(+/-)
EUR -192,931.45
Annual surplus / annual deficit
EUR 959,046.43
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.97.80 |
|
Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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.