|
Report No. : |
339764 |
|
Report Date : |
10.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
HATTORFER KAMMGARNSPINNEREIEN GMBH
NIEDERSCHMALKALDEN |
|
|
|
|
Registered Office : |
Maschweg 1-7 D 49419 Wagenfeld Post
Box:11 61 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
23.06.1990 |
|
|
|
|
Com. Reg. No.: |
HRB 300511 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Preparation and spinning of textile
fibers |
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|
|
|
No. of Employee : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
|
With Financials |
|
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 |
HATTORFER KAMMGARNSPINNEREIEN GMBH
NIEDERSCHMALKALDEN
Company Status: active
Main address: Maschweg
1-7
D 49419 Wagenfeld
Post Box:
11 61
Telephone:05444/50147
Telefax: 05444/800
Homepage: www.wagenfelder-spinnereien.de
E-mail:
hkn-machines@wagenfelder.de
Legal office: D
07743 Jena
VAT
no.: DE150931260
Tax
ID number: 45/200/24918
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 23.06.1990
Shareholders'
agreement: 23.06.1990
Registered
on: 30.10.1990
Commercial Register: Local court 07745 Jena
under: HRB
300511
Share capital: EUR 8,200,000.00
Shareholder:
Wagenfelder Wollwerk
Körner GmbH & Co. KG
Maschweg 1-7
D 49419 Wagenfeld
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 1,533,875.63
contribution:
Share: EUR 8,200,000.00
Registered on: 26.06.1874
Reg. data: 29664
Walsrode, HRA 100097
Manager:
Friedrich Körner
Am Uhlenberg 8
D 49419 Wagenfeld
having sole power of
representation
born: 08.10.1939
Profession: Textile
engineer
Property regime: Separation of property
Marital status: married
Manager:
Gerhard Körner
Bei den Meierhöfen 32
D 49419 Wagenfeld
having sole power of
representation
born: 28.05.1943
Profession: Textile
engineer
Property regime:
Separation of property
Marital status: married
Manager:
Dietmar Lange
Engelweg 5
D 79289 Horben
born: 26.10.1942
Profession: Fully
qualified management
expert
Proxy:
Ulrike Schwarze
D 32369 Rahden
having sole power of
representation
born: 21.03.1959
Further functions/participations of Friedrich
Körner (Manager)
General partner:
Friedrich Körner UG
(haftungsbeschränkt) &
Co. KG
Am Uhlenberg 8
D 49419 Wagenfeld
Legal form: Ltd.partners.
w.entrepreneur
comp.(ltd.liability)gen.partner
Registered
on: 15.04.1999
Reg. data: 29664 Walsrode, HRA 100138
Limited partner:
Wagenfelder Wollwerk
Körner GmbH & Co. KG
Maschweg 1-7
D 49419 Wagenfeld
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,533,875.63
contribution:
Share: EUR 153,387.56
Registered
on: 26.06.1874
Reg. data: 29664 Walsrode, HRA 100097
Shareholder:
Körner
VerwaltungsgesellschaftmbH
Maschweg 3
D 49419 Wagenfeld
Legal form: Private
limited company
Share capital: EUR 25,564.59
Share: EUR 11,759.71
Registered
on: 17.06.1994
Reg. data: 29664 Walsrode, HRB 100199
Shareholder:
Friedrich Körner
Verwaltung UG
(haftungsbeschränkt)
Am Uhlenberg 8
D 49419 Wagenfeld
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR 1,000.00
Share: EUR 1,000.00
Registered
on: 26.06.2012
Reg. data: 29664 Walsrode, HRB 203783
Manager:
Wagenfelder Spinnereien
GmbH
Maschweg 1-7
D 49419 Wagenfeld
Legal form: Private
limited company
Share capital: EUR 2,046,000.00
Registered
on: 13.12.1976
Reg. data: 29664 Walsrode, HRB 100100
Manager:
Körner
VerwaltungsgesellschaftmbH
Maschweg 3
D 49419 Wagenfeld
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 17.06.1994
Reg. data:
29664 Walsrode, HRB 100199
Manager:
Friedrich Körner
Verwaltung UG
(haftungsbeschränkt)
Am Uhlenberg 8
D 49419 Wagenfeld
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR 1,000.00
Registered
on: 26.06.2012
Reg. data: 29664 Walsrode, HRB 203783
Further functions/participations of Gerhard
Körner (Manager)
General partner:
Gerhard Körner UG &
Co. KG
Bei den Meierhöfen 32
D 49419 Wagenfeld
Legal form:
Ltd.partners. w.entrepreneur
comp.(ltd.liability)gen.partner
Total cap. EUR 46,016.27
contribution:
Registered
on: 22.11.1999
Reg. data: 29664 Walsrode, HRA 100149
Limited partner:
Wagenfelder Wollwerk
Körner GmbH & Co. KG
Maschweg 1-7
D 49419 Wagenfeld
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,533,875.63
contribution:
Share: EUR 153,387.56
Registered
on: 26.06.1874
Reg. data: 29664 Walsrode, HRA 100097
Shareholder:
Körner VerwaltungsgesellschaftmbH
Maschweg 3
D 49419 Wagenfeld
Legal form: Private
limited company
Share capital: EUR 25,564.59
Share: EUR 11,759.71
Registered
on: 17.06.1994
Reg. data: 29664 Walsrode, HRB 100199
Shareholder:
Gerhard Körner Verwaltung
UG
(haftungsbeschränkt)
Bei den Meierhöfen 32
D 49419 Wagenfeld
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR
1,000.00
Share: EUR 1,000.00
Registered
on: 30.04.2012
Reg. data: 29664 Walsrode, HRB 203702
Manager:
Wagenfelder Spinnereien
GmbH
Maschweg 1-7
D 49419 Wagenfeld
Legal form: Private
limited company
Share capital: EUR 2,046,000.00
Registered
on: 13.12.1976
Reg. data: 29664 Walsrode, HRB 100100
Manager:
Körner
VerwaltungsgesellschaftmbH
Maschweg 3
D 49419 Wagenfeld
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 17.06.1994
Reg. data: 29664 Walsrode, HRB 100199
Manager:
Gerhard Körner Verwaltung
UG
(haftungsbeschränkt)
Bei den Meierhöfen 32
D 49419 Wagenfeld
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR 1,000.00
Registered
on: 30.04.2012
Reg. data: 29664 Walsrode, HRB 203702
Further functions/participations of Dietmar
Lange (Manager)
Manager:
Wagenfelder
Textilgesellschaftmit
beschränkter Haftung
Fabrikstr. 1
D 99947 Bad Langensalza
Legal form: Private
limited company
Share capital: EUR 1,022,583.76
Registered
on: 05.11.1993
Reg. data: 07745 Jena, HRB 400109
Manager:
Altenburger Spinnerei
Verwaltungsgesellschaft
mbH
Maschweg 1-7
D 49419 Wagenfeld
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 28.10.2002
Reg. data: 29664 Walsrode, HRB 100506
Manager:
Vilnatex GmbH
Maschweg 1-7
D 49419 Wagenfeld
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 26.04.2001
Reg. data: 29664 Walsrode, HRB 100357
Proxy:
Wagenfelder Spinnereien
GmbH
Maschweg 1-7
D 49419 Wagenfeld
Legal form: Private
limited company
Share capital: EUR 2,046,000.00
Registered
on: 13.12.1976
Reg. data: 29664 Walsrode, HRB 100100
Proxy:
Wagenfelder Wollwerk Körner
GmbH & Co. KG
Maschweg 1-7
D 49419 Wagenfeld
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,533,875.63
contribution:
Registered
on: 26.06.1874
Reg. data: 29664 Walsrode, HRA 100097
Liquidator:
Gebr. Wattendorff
Geschäftsführungsgesellschaft mbH
Maschweg 1-7
D 49419 Wagenfeld
Legal form: Private
limited company in
liquidation
Share capital: EUR 26,000.00
Registered
on: 09.07.2007
Reg. data: 29664 Walsrode, HRB 200692
30.10.1990 - 24.10.2001 Kammgarnspinnerei Werra GmbH
Niederschmalkalden
(OT
Niederschmalkalden)
Zwick 48-50
D 98574 Schmalkalden
Private limited
company
24.10.2001
- 02.05.2012 Hattorfer
Kammgarnspinnereien GmbH
Niederschmalkalden
Zwick 48-50
D 98574 Schmalkalden
Private limited
company
Main industrial sector
13100
Preparation and spinning of textile fibers
Works:
Hattorfer
Kammgarnspinnereien GmbH
Niederschmalkalden
Georg-Stelling-Str. 1
D 37197 Hattorf
Limited partner:
Thüringer
Wollgarnspinnerei GmbH & Co. KG
Fabrikstr. 1
D 99947 Bad Langensalza
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 500,000.00
contribution:
Share: EUR 500,000.00
Reg. data: 01.11.2001
Local court
07745 Jena
HRA 401124
Shareholder:
Wagenfelder Spinnereien
GmbH
Maschweg 1-7
D 49419 Wagenfeld
Legal form: Private
limited company
Company Status: active
Share capital: EUR
2,046,000.00
Share: EUR 2,046,000.00
Reg. data: 13.12.1976
Local court
29664 Walsrode
HRB 100100
Shareholder:
Altenburger
Spinnerei
Verwaltungsgesellschaft
mbH
Maschweg 1-7
D 49419 Wagenfeld
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 28.10.2002
Local court
29664 Walsrode
HRB
100506
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).
Balance
sheet year: 2013
Type of
ownership: Tenant
Address Maschweg 1-7
D 49419 Wagenfeld
Land
register documents were not available.
Principal bank
KREISSPARKASSE
GRAFSCHAFT DIEPHOLZ, 49343 DIEPHOLZ
Sort.
code: 25651325
BIC:
BRLADE21DHZ
Further bank
DEUTSCHE
BANK, 98563 SCHMALKALDEN
Sort.
code: 82070000
BIC:
DEUTDE8EXXX
Profit: 2013 EUR 251,531.00
Equipment: * EUR
36,000.00
Ac/ts
receivable: EUR 3,638,746.00
Liabilities: EUR 337,377.00
Employees:
4
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
Balance
sheet ratios 01.01.2013 -
31.12.2013
Equity
ratio [%]: 97.46
Liquidity
ratio: 10.00
Return
on total capital [%]: 1.88
Balance
sheet ratios 01.01.2012 -
31.12.2012
Equity
ratio [%]: 98.36
Liquidity
ratio: 10.00
Return on
total capital [%]: 2.95
Balance
sheet ratios 01.01.2011 -
31.12.2011
Equity
ratio [%]: 96.62
Liquidity
ratio: 10.00
Return
on total capital [%]: 8.83
Balance
sheet ratios 01.01.2010 -
31.12.2010
Equity
ratio [%]: 94.08
Liquidity
ratio: 10.00
Return
on total capital [%]: 3.30
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
13,545,159.95
Fixed assets EUR 7,614,883.45
Tangible
assets EUR
119,780.60
Financial
assets EUR 7,495,102.85
Other /
unspecified financial assets EUR
7,495,102.85
Current
assets EUR
5,930,276.50
Stocks EUR 549,838.87
Accounts
receivable EUR 3,638,745.81
Liquid
means EUR 1,741,691.82
LIABILITIES EUR 13,545,159.95
Shareholders'
equity EUR 13,205,583.09
Capital EUR 8,200,000.00
Subscribed
capital (share capital) EUR 8,200,000.00
Reserves EUR 14,721,981.63
Capital
reserves EUR 14,721,981.63
Balance
sheet profit/loss (+/-) EUR
-9,716,398.54
Profit /
loss brought forward EUR -9,967,929.52
Annual
surplus / annual deficit EUR 251,530.98
Provisions EUR 2,200.00
Liabilities EUR 337,376.86
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 13,168,553.76
Fixed assets EUR 8,175,309.92
Tangible
assets EUR 164,185.93
Financial
assets EUR 8,011,123.99
Other /
unspecified financial assets EUR
8,011,123.99
Current
assets EUR 4,993,243.84
Stocks EUR
290,049.21
Accounts
receivable EUR 2,685,258.63
Liquid
means EUR
2,017,936.00
LIABILITIES EUR
13,168,553.76
Shareholders'
equity EUR 12,954,052.11
Capital EUR 8,200,000.00
Subscribed
capital (share capital) EUR 8,200,000.00
Reserves EUR
14,721,981.63
Capital
reserves EUR 14,721,981.63
Balance
sheet profit/loss (+/-) EUR -9,967,929.52
Profit /
loss brought forward EUR -10,353,504.34
Annual
surplus / annual deficit EUR 385,574.82
Provisions EUR 5,800.00
Liabilities EUR 208,701.65
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.29 |
|
|
1 |
Rs.101.89 |
|
Euro |
1 |
Rs.73.98 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SDA |
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.