|
Report No. : |
344912 |
|
Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
LEONHARD
HEYDEN GMBH |
|
|
|
|
Registered Office : |
Wilhelmstr. 17, D 57627 Hachenburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Year of Establishment : |
1891 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Processing of leather (except manufacture of leather apparel) Wholesale of leather goods, luggage, giftware and advertising articles Retail sale of leatheware and baggage |
|
|
|
|
No. of Employee : |
105 |
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 : |
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.
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 |
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 5.2% 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 |
LEONHARD
HEYDEN GMBH
Company Status: active
Wilhelmstr. 17
D 57627 Hachenburg
Telephone:02662/95130
Telefax:
02662/2066
Homepage: www.leonhard-heyden.com
E-mail:
office@leonhard-heyden.com
VAT no.: DE250564517
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1891
Shareholders'
agreement: 24.08.2006
Registered on: 11.09.2006
Commercial Register: Local court 56410 Montabaur
under: HRB
20439
EUR 50,000.00
Dietmar Jost
Saynstr. 22
D 57627 Hachenburg
born: 08.07.1960
Share: EUR 25,000.00
Shareholder:
Robert Adolf
Josef-Büsse-Str. 1
D 57627 Hachenburg
born: 11.01.1953
Share: EUR 25,000.00
Dietmar Jost
Saynstr. 22
D 57627 Hachenburg
having sole power of
representation
born: 08.07.1960
Property regime: joint
ownership of property
by a married couple.
Marital status:
married
Manager:
Robert Adolf
Josef-Büsse-Str. 1
D 57627 Hachenburg
having sole power of
representation
born: 11.01.1953
Marital status: married
Further functions/participations of Dietmar
Jost (Manager)
Shareholder:
Adolf & Jost
Verwaltungsgesellschaft mbH
Saynstr. 22
D 57627 Hachenburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on:
29.12.2008
Reg. data: 56410 Montabaur, HRB 21377
Manager:
Dietmar Jost GmbH i.G.
Johannistal 6-8
D 99974 Mühlhausen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Manager:
Adolf & Jost
Verwaltungsgesellschaft mbH
Saynstr. 22
D 57627 Hachenburg
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 29.12.2008
Reg. data: 56410 Montabaur, HRB 21377
Further functions/participations of Robert
Adolf (Manager)
Robert Adolf
Lindenstr. 70
D 57627 Hachenburg
Legal form: Unregistered
commercial enterprise
Proprietor:
Robert Adolf
Lindenstr. 68
D 57627 Hachenburg
Legal form: Unregistered
commercial enterprise
Robert Adolf u. Cornelia
Kämpf
Graf-Heinrich-Str. 27
D 57627 Hachenburg
Legal form: Partnership under the Civil Code
Limited partner:
VSH
Verwaltungsgesellschaft Saynstraße GmbH
& Co. KG
Wilhelmstr. 17
D 57627 Hachenburg
Legal form: Ltd
partnership with priv. ltd. company as general partner
Total cap. EUR 10,000.00
contribution:
Share: EUR 10,000.00
Registered
on: 1.05.2007
Reg. data: 56410
Montabaur, HRA 20370
Shareholder:
Haas GmbH
Lindenstr. 68
D 57627 Hachenburg
Post Box:
13 66, D 57627 Hachenburg
Legal form: Private limited company
Share capital: EUR 150,000.00
Share: EUR 150,000.00
Registered
on: 02.09.2003
Reg. data: 56410
Montabaur, HRB 14725
Shareholder:
A S L GmbH Ademco
Sicherheitstechnik
Logistikcentrum
Lindenstr. 70
D 57627 Hachenburg
Legal form: Private limited company
Share capital: EUR 76,693.78
Share: EUR 76,693.78
Registered
on: 06.07.1995
Reg. data:
56410 Montabaur, HRB 5148
Shareholder:
AMB R. Adolf - C. Kämpf
Mineralöle,
Schmierstoffe und
Transport GmbH
Graf-Heinrich-Str. 28
D 57627 Hachenburg
Legal form: Private limited company
Share capital: EUR 153,387.56
Share: EUR 76,693.78
Registered
on: 20.12.1983
Reg. data: 56410
Montabaur, HRB 2776
Shareholder:
Pelz-Neu Gesellschaft mit
beschränkter
Haftung, Spezial Pelz-
und Lederreinigung
Lindenstr. 70
D 57627 Hachenburg
Legal form: Private limited company
Share capital: EUR 25,600.00
Share: EUR 25,600.00
Registered
on: 13.05.1955
Reg. data: 56410
Montabaur, HRB 2465
Shareholder:
AVO Vliesstoffe GmbH
Lindenstr. 53
D 57627 Hachenburg
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 12,750.00
Registered
on: 18.11.2014
Reg. data: 56410
Montabaur, HRB 24315
Shareholder:
Adolf & Jost
Verwaltungsgesellschaft mbH
Saynstr. 22
D 57627 Hachenburg
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 29.12.2008
Reg. data: 56410
Montabaur, HRB 21377
Manager:
Pelz-Neu Gesellschaft mit
beschränkter
Haftung, Spezial Pelz-
und Lederreinigung
Lindenstr. 70
D 57627 Hachenburg
Legal form: Private limited company
Share capital: EUR 25,600.00
Registered
on: 13.05.1955
Reg. data: 56410
Montabaur, HRB 2465
Manager:
Adolf & Jost
Verwaltungsgesellschaft mbH
Saynstr. 22
D 57627 Hachenburg
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 29.12.2008
Reg. data: 56410
Montabaur, HRB 21377
Manager:
A S L GmbH Ademco
Sicherheitstechnik
Logistikcentrum
Lindenstr. 70
D 57627 Hachenburg
Legal form: Private limited company
Share capital: EUR 76,693.78
Registered
on: 06.07.1995
Reg. data: 56410
Montabaur, HRB 5148
Manager:
AMB R. Adolf - C. Kämpf
Mineralöle,
Schmierstoffe und
Transport GmbH
Graf-Heinrich-Str.
28
D 57627 Hachenburg
Legal form: rivate limited company
Share capital: EUR 153,387.56
Registered
on:
20.12.1983
Reg. data: 56410
Montabaur, HRB 2776
Manager:
Haas GmbH
Lindenstr. 68
D 57627 Hachenburg
Post Box:
13 66, D 57627 Hachenburg
Legal form: Private limited company
Share capital: EUR 150,000.00
Registered
on: 02.09.2003
Reg. data: 56410
Montabaur, HRB 14725
Manager:
AVO Vliesstoffe GmbH
Lindenstr. 53
D 57627 Hachenburg
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 18.11.2014
Reg. data: 56410
Montabaur, HRB 24315
11.09.2006 - 21.01.2013 Leonhard
Heyden GmbH
Saynstr. 22
D 57627 Hachenburg
Private limited company
Main industrial sector
15120
Processing of leather (except manufacture of leather apparel)
46493
Wholesale of leather goods, luggage, giftware and advertising articles
47722
Retail sale of leatheware and baggage
Branch:
Leonhard Heyden GmbH
Entenpfuhl 29
D 56068 Koblenz
TEL.: 0261/1004014
Branch:
Leonhard Heyden GmbH
Alte Schönhauser Str. 35
D 10119 Berlin
TEL.: 030/20054164
Branch:
Leonhard Heyden GmbH
Clemensstr. 26-30
D 56068 Koblenz
TEL.: 0261/9144914
Branch:
Leonhard Heyden GmbH
Rosenthaler Str. 40 /41
D 10178 Berlin
TEL.: 030/23457895
Branch:
Leonhard Heyden GmbH
Grunerstr. 20
D 10179 Berlin
TEL.: 030/24085308
Branch:
Leonhard Heyden
GmbH
Ehrenstr. 102
D 50672 Köln
TEL.: 0221/27095970
Branch:
Leonhard Heyden GmbH
Kasernenstr. 1a
D 40213 Düsseldorf
TEL.: 0211/86286363
Branch:
Leonhard Heyden GmbH
Wilhelmstr. 17
D 57627 Hachenburg
TEL.: 02662/9488058
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Wilhelmstr.
17
D
57627 Hachenburg
Real Estate of: Robert
Adolf
Type of ownership: proprietor
Share: 100.00
%
Address Lindenstr.
24
D 57627 Hachenburg
Residential floor 35,000.00
sq.m
space/ Usable floor
space:
Value at selling price: EUR 1,432,000.00
Real Estate of: Robert
Adolf
Type of ownership: proprietor
Share: 100.00
%
Address Brunnenstr.
17
D 57627 Gehlert
Real Estate of: Robert
Adolf
Type of ownership: proprietor
Share: 100.00
%
Address Lindenstr.
70
D 57627 Hachenburg
Real Estate of: Robert
Adolf
Type of ownership: proprietor
Share: 100.00
%
Address Saynstr.
22
D 57627 Hachenburg
Real Estate of: Robert
Adolf
Type of ownership: proprietor
Share: 100.00
%
Address Lindenstr.
74
D 57627 Hachenburg
Real Estate of: Robert
Adolf
Type of ownership: proprietor
Share: 100.00
%
Address Lindenstr.
68
D 57627 Hachenburg
Real Estate of: Robert
Adolf
Type
of ownership: part owner
Share: 50.00
%
Address Graf-Heinrich-Str.
24
D 57627 Hachenburg
Land register documents were not available.
Principal banks
WESTERWALD
BANK, 57627 HACHENBURG
Sort. code: 57391800, Account no.: 5783402
BIC: GENODE51WW1, IBAN: DE86573918000005783402
UNICREDIT BANK - HYPOVEREINSBANK, 50443 KÖLN
Sort. code: 37020090, Account no.: 18484560
BIC: HYVEDEMM429, IBAN: DE97370200900018484560
SPARKASSE WESTERWALD-SIEG, 57602 ALTENKIRCHEN
(WESTERWALD)
Sort. code: 57351030, Account no.: 50046697
BIC: MALADE51AKI, IBAN: DE08573510300050046697
Further banks
NASSAUISCHE SPARKASSE, 57627 HACHENBURG
Sort. code: 51050015
BIC: NASSDE55XXX
POSTBANK, 51222 KÖLN
Sort. code: 37010050
BIC: PBNKDEFFXXX
Gross profit or loss:2013 EUR 5,662,748.00
2014 EUR 5,663,000.00
Profit: 2013 EUR 141,905.00
further business figures:
Equipment: EUR 579,036.00
Ac/ts receivable: EUR 2,876,807.00
Liabilities: EUR 5,675,033.00
Total numbers of vehicles: 13
-
Passenger cars:
13
Employees:
105
-
Part-time employees:
40
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 20.02
Liquidity ratio: 0.54
Return on total capital [%]: -0.11
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity
ratio [%]: 18.73
Liquidity ratio: 0.54
Return on total capital [%]: 0.38
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 21.18
Liquidity ratio: 0.61
Return on total capital [%]: 1.44
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 15.55
Liquidity ratio: 0.51
Return on total capital [%]: 0.06
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 7,012,900.69
Fixed assets
EUR 706,149.62
Intangible assets EUR 80,012.00
Goodwill
EUR 29,591.00
Other / unspecified intangible assetsEUR 50,421.00
Tangible assets
EUR 581,608.85
Plant / machinery
EUR 2,573.00
Other tangible assets / fixtures and
fittings
EUR 579,035.85
Financial assets
EUR 44,528.77
Shares in participations /
subsidiaries and the like EUR 44,528.77
Shares in related companies
EUR 22,583.56
Shares in investee companies
EUR 21,945.21
Current assets
EUR 6,273,073.07
Stocks
EUR 3,310,120.25
Accounts receivable
EUR 2,876,807.27
Amounts due from related companies
EUR 169,995.34
Other debtors and assets
EUR 2,706,811.93
Liquid means
EUR 86,145.55
Remaining other assets
EUR 33,678.00
Accruals (assets)
EUR 33,678.00
LIABILITIES EUR 7,012,900.69
Shareholders' equity
EUR 1,155,704.67
Capital
EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Reserves EUR 433,800.00
Capital reserves
EUR 433,800.00
Balance sheet profit/loss (+/-)
EUR 671,904.67
Balance sheet profit / loss
EUR 671,904.67
Provisions EUR 168,910.00
Liabilities
EUR 5,675,032.96
Financial debts
EUR 3,361,466.14
Liabilities due to banks
EUR 3,361,466.14
Other liabilities
EUR 2,313,566.82
Liabilities due to shareholders
EUR 272,283.83
Unspecified other liabilities
EUR 2,041,282.99
Other liabilities
EUR 13,253.06
Deferrals (liabilities)
EUR 13,253.06
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 5,662,748.19
Staff expenses EUR 2,621,688.68
Wages and salaries
EUR 2,142,010.09
Social security contributions and
expenses for pension plans and
benefits
EUR 479,678.59
Total
depreciation EUR 135,888.79
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 135,888.79
Other operating expenses
EUR 2,570,083.65
Operating result from continuing
operations
EUR 335,087.07
Result from participating interests
(+/-)
EUR 5,156.06
Expenses
/ income from participations EUR
5,156.06
Income from related companies
EUR 5,156.06
Interest result (+/-)
EUR -220,794.28
Interest and similar income
EUR 15,766.12
Interest and similar expenses
EUR 236,560.40
Financial result (+/-)
EUR -215,638.22
Result from ordinary operations (+/-)
EUR 119,448.85
Extraordinary income
EUR 149,599.92
Extraordinary result (+/-)
EUR 149,599.92
Income tax / refund of income tax (+/-)EUR -123,167.04
Other taxes / refund of taxes
EUR -3,977.00
Tax
(+/-) EUR -127,144.04
Annual surplus / annual deficit
EUR 141,904.73
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 6,571,638.52
Fixed assets
EUR 366,593.95
Intangible assets
EUR 32,184.00
Goodwill EUR 19,430.00
Other / unspecified intangible assetsEUR 12,754.00
Tangible assets
EUR 290,680.00
Land / similar rights
EUR 3,020.00
Plant
/ machinery EUR 3,288.00
Other tangible assets / fixtures and
fittings
EUR 276,332.00
Advance payments made / construction
in progress
EUR 8,040.00
Financial assets
EUR 43,729.95
Shares in participations /
subsidiaries and the like
EUR 43,729.95
Shares in related companies
EUR 22,583.56
Shares in investee companies EUR 21,146.39
Current assets
EUR 6,160,329.57
Stocks
EUR 3,350,061.52
Accounts receivable
EUR 2,685,402.81
Amounts due from related companies
EUR 174,450.32
Other debtors and assets
EUR 2,510,952.49
Liquid means
EUR 124,865.24
Remaining other assets
EUR 44,715.00
Accruals (assets)
EUR 44,715.00
LIABILITIES EUR 6,571,638.52
Shareholders' equity
EUR 1,013,799.94
Capital EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Reserves
EUR 433,800.00
Capital reserves
EUR 433,800.00
Balance sheet profit/loss (+/-)
EUR 529,999.94
Balance sheet profit / loss
EUR 529,999.94
Provisions
EUR 209,010.00
Other / unspecified provisions
EUR 209,010.00
Liabilities EUR 5,346,039.99
Financial debts
EUR 3,066,724.37
Liabilities due to banks
EUR 3,066,724.37
Other liabilities
EUR 2,279,315.62
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,062,392.43
Liabilities due to shareholders
EUR 232,823.52
Unspecified other liabilities
EUR 984,099.67
Other
liabilities EUR 2,788.59
Deferred taxes (not included under
provisions/liabilities)
EUR 2,788.59
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 5,816,103.26
Staff expenses
EUR 2,476,586.51
Total depreciation
EUR 109,510.91
Other operating expenses
EUR 2,950,760.44
Operating result from continuing
operations
EUR 279,245.40
Result from participating interests
(+/-)
EUR 6,676.49
Expenses / income from participations EUR 6,676.49
Income from related companies
EUR 6,676.49
Interest result (+/-)
EUR -226,810.89
Interest and similar income
EUR 77,658.94
Interest and similar expenses EUR 304,469.83
Financial result (+/-)
EUR -220,134.40
Result from ordinary operations (+/-)
EUR 59,111.00
Income tax / refund of income tax (+/-)EUR -30,756.13
Other
taxes / refund of taxes EUR -3,742.00
Tax
(+/-)
EUR -34,498.13
Annual surplus / annual deficit
EUR 24,612.87
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.11 |
|
|
1 |
Rs.99.50 |
|
Euro |
1 |
Rs.74.24 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.