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Report No. : |
272589.2 |
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Report Date : |
02.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
HOCHBACH GMBH |
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|
|
|
Registered Office : |
Raiffeisenstr. 16, D 70771
Leinfelden-Echterdingen |
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|
|
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Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2013 |
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|
|
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Date of Incorporation : |
1964 |
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|
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Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
·
Agents involved in the sale of iron,
metal and plastic goods n.e.c. ·
Non-specialized wholesale of raw
materials and half-finished and finished goods |
|
|
|
|
No. of Employees : |
14 |
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 |
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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, 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 |
HOCHBACH GMBH
Company Status: active
Raiffeisenstr. 16
D 70771 Leinfelden-Echterdingen
Telephone:0711/903760
Telefax:
0711/9037620
Homepage: www.hochbach.de
E-mail:
info@hochbach.de
VAT
no.: DE147821697
Tax
ID number: 99024/12213
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1964
Shareholders'
agreement: 24.06.1980
Registered on: 19.08.1980
Commercial Register: Local court 70190
Stuttgart
under:
HRB 221395
Share capital: EUR 52,000.00
Shareholder:
Axel Hochbach
D 70173 Stuttgart
Share: EUR 23,350.00
Shareholder:
Peer Hochbach
Schönbuchstr. 28
D 70771
Leinfelden-Echterdingen
born: 24.10.1931
Share: EUR 13,050.00
Shareholder:
Elsbeth Hochbach
D 70771
Leinfelden-Echterdingen
Share: EUR 5,200.00
Shareholder:
Ina Birgit Hochbach
D 80333 München
Share: EUR 5,200.00
Shareholder:
Astrid Benedikte Hochbach
D 70771
Leinfelden-Echterdingen
Share: EUR 5,200.00
Manager:
Axel Hochbach
D 70173 Stuttgart
having sole power of
representation
Profession: Businessman
COMPANY HISTORY
15.11.1964 - 18.08.1980 Peer hochbach e.K.
D 70771 Leinfelden-Echterdingen
Sole proprietorship
18.08.1980 - 09.01.2015 Hochbach GmbH
Schönbuchstr. 28
D 70771
Leinfelden-Echterdingen
Private limited company
Main industrial sector
46154
Agents involved in the sale of iron, metal and plastic goods n.e.c.
46902
Non-specialized wholesale of raw materials and half-finished and
finished goods
Payment
experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Raiffeisenstr. 16
D 70771
Leinfelden-Echterdingen
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 70049 STUTTGART
Sort. code: 60070070
BIC: DEUTDESSXXX
Further bank
COMMERZBANK, 70049 STUTTGART
Sort. code: 60040071, Account no.: 5203302
BIC: COBADEFFXXX, IBAN: DE13600400710520330200
Turnover: 2013 EUR 12,000,000.00
Profit: 2013 EUR 639,514.00
Ac/ts receivable: EUR
2,215,401.00
Liabilities: EUR 3,341,329.00
Total numbers of vehicles: 4
-
Passenger cars:
4
Employees: 14
-
thereof permanent staff:
8
-
Part-time employees:
2
-
Freelancer: 4
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 26.20
Liquidity ratio: 0.91
Return on total capital [%]: 11.37
Balance
sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 34.75
Liquidity ratio: 1.33
Return on total capital [%]: 3.16
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 27.22
Liquidity ratio: 1.25
Return on total capital [%]: 9.44
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 28.72
Liquidity ratio: 1.76
Return on total capital [%]: 10.35
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 5,625,746.77
Fixed assets
EUR 62,552.06
Tangible assets
EUR 62,552.06
Current assets
EUR 5,563,194.71
Stocks
EUR 2,453,036.29
Accounts receivable
EUR 2,215,400.73
Liquid means
EUR 894,757.69
LIABILITIES EUR 5,625,746.77
Shareholders' equity
EUR 1,473,780.23
Capital
EUR 52,000.00
Subscribed capital (share capital)
EUR 52,000.00
Reserves EUR 760,000.00
Capital reserves
EUR 260,000.00
Retained earnings / revenue reserves EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR 661,780.23
Profit / loss brought forward EUR 22,266.49
Annual surplus / annual deficit
EUR 639,513.74
Provisions
EUR 810,637.49
Liabilities
EUR 3,341,329.05
Other liabilities
EUR 0.00
Unspecified other liabilities
EUR 0.00
thereof liabilities from tax /
financial authorities
EUR 21,936.41
thereof liabilities from social
security
EUR 69.60
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 3,407,611.74
Fixed assets
EUR 65,039.06
Tangible assets
EUR 65,039.06
Current assets
EUR 3,342,572.68
Stocks
EUR 1,319,594.99
Accounts receivable
EUR 1,771,572.35
Liquid means
EUR 251,405.34
LIABILITIES EUR 3,407,611.74
Shareholders' equity EUR 1,184,266.49
Capital
EUR 52,000.00
Subscribed capital (share capital)
EUR 52,000.00
Reserves
EUR 260,000.00
Capital reserves
EUR 260,000.00
Balance sheet profit/loss (+/-)
EUR 872,266.49
Balance sheet profit / loss
EUR 872,266.49
Provisions
EUR 640,316.12
Liabilities EUR 1,583,029.13
Other liabilities
EUR 0.00
Unspecified other liabilities
EUR 0.00
thereof liabilities from tax /
financial authorities
EUR 15,438.47
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.79 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.