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Report No. : |
325279 |
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Report Date : |
02.06.2015 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Tiergartenstr.
15 D 69121 |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
22.10.1990 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture
of technical instruments and supplies for medical purposes ·
Wholesale
of medical and orthopedic goods, dental and laboratory supplies ·
Activities
of holding companies |
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No. of Employees : |
121 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
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 : |
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 |
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Risk Category |
ECGC
Classification |
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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 5.3% 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 |
Your inquiry: HEIDELBERG ENGINEERING, D 23556
Lübeck
The subject of your inquiry is a branch. We
are reporting on the headquarters.
HEIDELBERG ENGINEERING GMBH
Company Status: active
Tiergartenstr. 15
D 69121 Heidelberg
Telephone:06221/64630
Telefax: 06221/646362
Homepage:
www.heidelbergengineering.de
E-mail: info@heidelbergengineering.com
VAT no.: DE143445065
Business relations are permissible.
Legal Form Private
limited company
Date of foundation: 22.10.1990
Shareholders'
agreement: 22.10.1990
Registered on: 30.04.1991
Commercial Register: Local court 68159 Mannheim
under: HRB
334163
Share capital: EUR 1,000,000.00
Shareholder:
Christoph Schoess
Heiligenbergstr. 11
D 69121 Heidelberg
born: 20.11.1947
Share: EUR 500,000.00
Shareholder:
Dr. Gerhard Zinser
Friedrich-Sprater-Str. 2
D 67346 Speyer
born: 21.04.1954
Share: EUR 500,000.00
Manager:
Christoph Schoess
Heiligenbergstr. 11
D 69121 Heidelberg
born: 20.11.1947
Profession: Businessman
Marital status: married
Manager:
Dr. Gerhard Zinser
Friedrich-Sprater-Str. 2
D 67346 Speyer
born: 21.04.1954
Profession: Businessman
Marital status: married
Manager:
Dr. Kester Nahen
D 69121 Heidelberg
born: 07.12.1969
Proxy:
Thomas Ebbinghaus
D 68159 Mannheim
authorized to jointly
represent the company
born: 15.12.1957
Profession: Businessman
Further functions/participations of Christoph
Schoess (Manager)
Shareholder:
HE-Holding GmbH
Heiligenbergstr. 11 c/o
Christoph Schoess
D 69121 Heidelberg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 1.00
Registered
on: 18.12.2013
Reg. data: 68159 Mannheim, HRB 718492
Manager:
HE-Holding GmbH
Heiligenbergstr. 11 c/o
Christoph Schoess
D 69121 Heidelberg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 18.12.2013
Reg. data: 68159 Mannheim, HRB 718492
Manager:
MedicalCommunications
Soft- und Hardware
GmbH
Werner-von-Siemens-Str.
2-6
D 76646 Bruchsal
Legal form: Private
limited company
Share capital: EUR 153,200.00
Registered
on: 20.03.2000
Reg. data: 68159 Mannheim, HRB 108940
22.10.1990 - 31.12.1999 Heidelberg Engineering Optische
Meßsysteme GmbH
D 69121 Heidelberg
Private limited
company
01.01.2000 - 11.09.2002 Heidelberg Engineering Optische
Meßsysteme GmbH
D 69221 Dossenheim
Private limited
company
12.09.2002 - 10.04.2003 Heidelberg Engineering GmbH
Gerhart-Hauptmann-Str.
30
D 69221 Dossenheim
Private limited
company
Main industrial sector
32501
Manufacutre of technical instruments and supplies for medical purposesn.e.c.
46462 Wholesale of medical and orthopedic goods,
dental and laboratory supplies
Secondary industrial sector
6420
Activities of holding companies
Branch:
Heidelberg Engineering
GmbH
Roggenhorster Str. 29
D 23556 Lübeck
TEL.: 06221/64630
Shareholder:
MedicalCommunications
Soft- und Hardware
GmbH
Werner-von-Siemens-Str.
2-6
D 76646 Bruchsal
Legal form: Private
limited company
Company Status: active
Share capital: EUR 153,200.00
Share: EUR 153,200.00
Reg. data: 20.03.2000
Local court
68159 Mannheim
HRB 108940
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Tiergartenstr.
15
D 69121 Heidelberg
Land register documents were not available.
DEUTSCHE BANK, 69111 HEIDELBERG, NECKAR
Sort. code: 67270003
BIC: DEUTDESM672
VOLKSBANK KURPFALZ H+G BANK, 69117 HEIDELBERG,
NECKAR
Sort. code: 67290100
BIC: GENODE61HD3
Turnover: 2012 EUR 75,734,741.00
Profit: 2012 EUR 10,580,419.00
Equipment: EUR 2,690,338.00
Ac/ts receivable: EUR 15,156,199.00
Liabilities: EUR 2,609,586.00
Employees:
121
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 66.00
Liquidity ratio: 10.00
Return on total capital
[%]: 15.59
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 61.16
Liquidity ratio: 10.00
Return on total capital
[%]: 21.20
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 48.30
Liquidity ratio: 10.00
Return on total capital
[%]: 12.16
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: 49.72
Liquidity ratio: 10.00
Return on total capital
[%]: 1.79
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: 01.01.2012 - 31.12.2012
ASSETS EUR 67,851,650.18
Fixed assets EUR 4,310,260.16
Intangible assets EUR 186,319.00
Internally generated
industrial
property rights and
similar rights
and assets EUR 64,826.00
Concessions, licences,
rights EUR 121,493.00
Tangible assets EUR 2,950,394.76
Plant / machinery EUR 260,056.34
Other tangible assets /
fixtures and
fittings EUR 2,690,338.42
Financial assets EUR 1,173,546.40
Shares in participations
/
subsidiaries and the
like EUR 1,185.94
Shares in related
companies EUR 1,185.94
Loans to participations
/
subsidiaries and the
like EUR 1,172,360.46
Loans to related
companies EUR 1,172,360.46
Current assets EUR 63,379,116.27
Stocks EUR 14,470,825.41
Raw materials, consumables
and
supplies EUR 4,043,098.00
Finished goods / work in
progress EUR 4,903,000.00
Advance payments
made EUR 5,524,727.41
Accounts receivable EUR
15,156,199.03
thereof total due from
shareholders EUR 1,651.99
Trade debtors EUR 4,810,630.30
Amounts due from related
companies EUR 10,147,553.55
Other debtors and assets EUR 198,015.18
Liquid means EUR 33,752,091.83
Remaining other
assets EUR 162,273.75
Accruals (assets) EUR 162,273.75
LIABILITIES EUR 67,851,650.18
Shareholders' equity EUR 44,784,385.13
Capital EUR 1,000,000.00
Subscribed capital
(share capital) EUR 1,000,000.00
Reserves EUR 11,000,000.00
Retained earnings /
revenue reserves EUR
11,000,000.00
Balance sheet profit/loss
(+/-) EUR 32,784,385.13
Profit / loss brought
forward EUR 22,203,965.69
Annual surplus / annual
deficit EUR 10,580,419.44
Provisions EUR 19,214,308.39
Pension provisions and
comparable
provisions EUR 2,075,286.00
Provisions for taxes EUR 2,507,316.39
Other / unspecified
provisions EUR 14,631,706.00
Liabilities EUR 2,609,586.00
Other liabilities EUR 2,609,586.00
Trade creditors (for IAS
incl. bills
of exchange) EUR 1,705,934.72
Liabilities from
received advance
payments EUR 395,724.42
Unspecified other
liabilities EUR 507,926.86
thereof liabilities
from tax /
financial
authorities EUR 251,857.68
thereof liabilities
from social
security EUR 66.59
Other liabilities EUR 1,243,370.66
Deferrals
(liabilities) EUR 1,133,878.66
Deferred taxes (not
included under
provisions/liabilities)
EUR 109,492.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 75,734,741.30
Inventory change + own
costs (+/-) EUR 2,774,029.60
Inventory change
(+/-) EUR 2,750,900.00
Capitalised own
costs EUR 23,129.60
Other operating
income EUR 2,726,799.98
Cost of materials EUR 33,519,776.38
Raw materials and
supplies, purchased
goods EUR 32,910,908.00
Purchased services EUR 608,868.38
Gross result (+/-) EUR 47,715,794.50
Staff expenses EUR 9,408,592.87
Wages and salaries EUR 8,007,489.53
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,401,103.34
Total depreciation EUR 3,972,219.45
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 1,202,219.45
Depreciation on current
assets (+/-) EUR 2,770,000.00
Other operating
expenses EUR 18,553,324.97
Operating result from
continuing
operations EUR 15,781,657.21
Interest result (+/-) EUR 486,219.80
Interest and similar
income EUR 615,061.33
thereof from related
companies EUR 293,351.92
Interest and similar
expenses EUR 128,841.53
Financial result
(+/-) EUR 486,219.80
Result from ordinary
operations (+/-) EUR 16,267,877.01
Income tax / refund of
income tax (+/-)EUR -5,683,412.57
Other taxes / refund of
taxes EUR -4,045.00
Tax (+/-) EUR -5,687,457.57
Annual surplus / annual
deficit EUR 10,580,419.44
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 55,922,025.71
Fixed assets EUR 3,199,534.01
Intangible assets EUR 227,309.66
Internally generated
industrial
property rights and
similar rights
and assets EUR 49,796.00
Concessions, licences,
rights EUR 177,513.66
Tangible assets EUR 2,497,595.50
Plant / machinery EUR 170,302.56
Other tangible assets /
fixtures and
fittings EUR 2,327,292.94
Financial assets EUR 474,628.85
Shares in participations
/
subsidiaries and the
like EUR 1,185.94
Shares in related
companies EUR 1,185.94
Loans to participations
/
subsidiaries and the
like EUR 473,442.91
Loans to related
companies EUR 473,442.91
Current assets EUR 52,417,919.19
Stocks EUR 8,749,415.23
Raw materials,
consumables and
supplies EUR 3,312,800.00
Finished goods / work in
progress EUR 2,152,100.00
Advance payments
made EUR 3,284,515.23
Accounts receivable EUR 15,925,930.16
Trade debtors EUR 4,413,542.57
Amounts due from related
companies EUR 11,311,052.88
Other debtors and
assets EUR 201,334.71
Liquid means EUR 27,742,573.80
Remaining other
assets EUR 304,572.51
Accruals (assets) EUR 304,572.51
LIABILITIES EUR 55,922,025.71
Shareholders' equity EUR 34,203,965.69
Capital EUR 1,000,000.00
Subscribed capital
(share capital) EUR 1,000,000.00
Reserves EUR 11,000,000.00
Retained earnings /
revenue reserves EUR
11,000,000.00
Balance sheet profit/loss
(+/-) EUR 22,203,965.69
Profit / loss brought
forward EUR
10,350,981.44
Annual surplus / annual
deficit EUR 11,852,984.25
Provisions EUR 19,356,901.00
Pension provisions and
comparable
provisions EUR 1,837,512.00
Provisions for taxes EUR 5,254,679.00
Other / unspecified
provisions EUR 12,264,710.00
Liabilities EUR 1,256,891.59
Other liabilities EUR 1,256,891.59
Trade creditors (for IAS
incl. bills
of exchange) EUR 755,017.10
Liabilities from
received advance
payments EUR 219,549.79
Unspecified other
liabilities EUR 282,324.70
thereof liabilities
from tax /
financial
authorities EUR 129,886.89
thereof liabilities
from social
security EUR 0.00
Other liabilities EUR 1,104,267.43
Deferrals
(liabilities) EUR 648,208.43
Deferred taxes (not
included under
provisions/liabilities)
EUR 456,059.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 69,476,236.16
Inventory change + own
costs (+/-) EUR -1,229,800.00
Inventory change
(+/-) EUR -1,229,800.00
Other operating
income EUR 3,098,149.82
Cost of materials EUR 28,290,796.68
Raw materials and
supplies, purchased
goods EUR 27,298,675.75
Purchased services EUR 992,120.93
Gross result (+/-) EUR 43,053,789.30
Staff expenses EUR 7,873,746.66
Wages and salaries EUR 6,781,264.56
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,092,482.10
Total depreciation EUR 5,134,021.97
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 1,213,021.97
Depreciation on current
assets (+/-) EUR 3,921,000.00
Other operating
expenses EUR 12,881,361.07
Operating result from
continuing
operations EUR 17,164,659.60
Interest result (+/-) EUR 289,151.45
Interest and similar
income EUR 382,608.34
thereof from related companies EUR 215,660.89
Interest and similar
expenses EUR 93,456.89
Financial result
(+/-) EUR 289,151.45
Result from ordinary
operations (+/-) EUR 17,453,811.05
Income tax / refund of
income tax (+/-)EUR -5,596,699.80
Other taxes / refund of
taxes EUR -4,127.00
Tax (+/-) EUR -5,600,826.80
Annual surplus / annual
deficit EUR 11,852,984.25
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.61 |
|
|
1 |
Rs.97.27 |
|
Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
|
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.