MIRA INFORM REPORT

 

 

Report No. :

348004

Report Date :

30.10.2015

 

IDENTIFICATION DETAILS

 

Name :

HELL GRAVURE SYSTEMS GMBH & CO. KG

 

 

Registered Office :

Philipp-Reis-Weg 5, D 24148 Kiel, Post Box : 6005, D 24111 Kiel

 

 

Country :

Germany

 

 

Date of Incorporation :

21.02.1997

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :
  • Manufacture of other general-purpose machinery
  • Other service activities

 

 

No. of Employee :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

Company name and address

 

 HELL GRAVURE SYSTEMS GMBH & CO. KG

 

 Company Status:      active

                      Philipp-Reis-Weg 5

                      D 24148 Kiel

                      Post Box:

                      6005, D 24111 Kiel

                      Telephone:0431/2377-0

                      Telefax:  0431/2377-1235

                      Homepage: www.hell-gravure-systems.com

                      E-mail:   info@hell-gravuren-systems.com

 

 VAT no.:                      DE812178712

 Tax ID number:             19 296 02991

 

 

CONCLUSION

 

 Business relations are permissible.

 LEGAL FORM           Ltd partnership with priv. ltd. company as general partner

 Date of foundation:  21.02.1997

 Begin of business

 activities:          21.02.1997

 Registered on:       21.12.2006

 Register of

 companies:           Local court 24114 Kiel

 under:               HRA 5497 KI

 

 

Total cap. Contribution

 

EUR          2,000,000.00

 

 

Limited partner

 

                      Heliograph Holding GmbH

                      Konrad-Zuse-Bogen 18

                      D 82152 Krailling

                      Legal form: Private limited company

                      Share capital:     EUR            200,000.00

                      Share:             EUR          2,000,000.00

                      Registered on: 19.12.2008

                      Reg. data: 80333 München, HRB 176787

 

 

General partner

 

                      Hell Gravure Beteiligungs GmbH

                      Philipp-Reis-Weg 5

                      D 24148 Kiel

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered on: 08.09.2006

                      Reg. data: 24114 Kiel, HRB 8368 KI

 

 

Shareholder

 

                      Heliograph Holding GmbH

                      Konrad-Zuse-Bogen 18

                      D 82152 Krailling

                      Legal form: Private limited company

                      Share capital:     EUR            200,000.00

                      Share:             EUR             25,000.00

                      Registered on: 19.12.2008

                      Reg. data: 80333 München, HRB 176787

 

 

Manager

 

                      Dr. Jörg Pohé

                      D 24649 Fuhlendorf

                      having sole power of representation

                      born: 23.07.1963

                      Marital status: married

 

 

Proxy

 

                      Horst Bick

                      D 23758 Oldenburg

                      authorized to jointly represent the company

                      born: 05.12.1960

                      Profession: Fully qualified Economist

 Proxy:

                      Burghard Michaelis

                      D 24582 Bordesholm

                      authorized to jointly represent the company

                      born: 23.06.1956

 Proxy:

                      Bernd Gustav Lübcke

                      D 24340 Eckernförde

                      authorized to jointly represent the company

                      born: 29.04.1953

 

 

COMPANY HISTORY

 

 21.02.1997 - 12.06.2002  HELL Gravure Systems Gesellschaft mit

                          beschränkter Haftung

                          Dr.-Hell-Str.

                          D 24107 Kiel

                          Private limited company

 12.06.2002 - 21.12.2006  HELL Gravure Systems Gesellschaft mit

                          beschränkter Haftung

                          Philipp-Reis-Weg 5

                          D 24148 Kiel

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

28290   Manufacture of other general-purpose machinery

96090   Other service activities

 

 

PARTICIPATIONS

 

 Shareholder:

                      GTC electronic GmbH

                      Philipp-Reis-Weg 5

                      D 24148 Kiel

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,600.00

                      Share:             EUR             25,600.00

                      Reg. data:  24.06.2013

                                  Local court 24114 Kiel

                                  HRB 14925 KI

FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 PMI:                 No significant / relevant payment experience

                        information pertaining to the company

                        inquired upon is shown in the Deutscher

                        Debitoren Monitor (DDMonitor).

 

 

 REAL ESTATE

 

 Type of ownership:   Tenant

 Address                       Philipp-Reis-Weg 5

                                    D 24148 Kiel

 

 Real Estate of:             Hell Gravure Beteiligungs GmbH

 Type of ownership:       Tenant

 Address                       Philipp-Reis-Weg 5

                                    D 24148 Kiel

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 COMMERZBANK, 24100 KIEL

 Sort. code: 21040010

 BIC: COBADEFFXXX

 

 Further bank

 DEUTSCHE BANK, 24011 KIEL

 Sort. code: 21070020

 BIC: DEUTDEHH210

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 The number of employees is not known.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.15

UK Pound

1

Rs.99.36

Euro

1

Rs.71.25

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

Report Prepared by :

TRU

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.