|
Report No. : |
340867 |
|
Report Date : |
11.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
HELMUT FELDTMANN GMBH |
|
|
|
|
Registered Office : |
Zunftstr. 28, D 21244 Buchholz |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
1942 |
|
|
|
|
Com. Reg. No.: |
HRB 204869 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Agents involved in the sale of a variety of goods ·
Wholesale
of other equipment and accessories for machinery and technical supplies |
|
|
|
|
No. of Employees : |
96 |
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 : |
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 |
HELMUT FELDTMANN GMBH
Company Status: active
Zunftstr. 28
D 21244 Buchholz
Telephone:04181/20040
Telefax:
04181/200440
Homepage:
www.feldtmann.de
E-mail:
info@feldtmann.de
VAT
no.: DE114965903
Tax
ID number: 15/226/26007
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1942
Shareholders'
agreement: 13.01.2015
Registered on: 30.01.2015
Commercial Register: Local court 21255 Tostedt
under: HRB 204869
Share capital: EUR 2,000,000.00
Shareholder:
Carsten Otto Feldtmann
Meyersche Weg 28
D 21244 Buchholz
born: 12.12.1947 in
Hamburg
Share: EUR 1,002,000.00
Shareholder:
Thomas Feldtmann
D 21227 Bendestorf
born: 19.10.1974 in
Hamburg
Share: EUR 499,000.00
Shareholder:
Meike Meyer
D 21224 Rosengarten
born: 10.11.1977
née: Feldtmann
Share: EUR 499,000.00
Manager:
Carsten Otto Feldtmann
Meyersche Weg 28
D 21244 Buchholz
having sole power of
representation
born: 12.12.1947 in
Hamburg
Profession: Businessman
Marital status: married
Proxy:
Andreas Bendt
D 21244 Buchholz
having sole power of
representation
born: 20.04.1956 in
Delmenhorst
Profession: Businessman
Marital status: married
Further functions/participations of Carsten
Otto Feldtmann
(Manager)
Limited partner:
Contrium 1 Private Equity
Fonds GmbH & Co.
KG
Holländischer Brook 3
D 20457 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 605,510.00
contribution:
Share: EUR 50,000.00
Registered
on: 30.11.2006
Reg. data: 20355 Hamburg, HRA 104961
Shareholder:
Feldtmann Familienholding
GmbH
Meyersche Weg 28
D 21244 Buchholz
Legal form: Private
limited company
Share capital: EUR 300,000.00
Share: EUR 25,050.00
Registered
on: 10.02.2015
Reg. data: 21255 Tostedt, HRB 204887
Manager:
Feldtmann Familienholding
GmbH
Meyersche Weg 28
D 21244 Buchholz
Legal form: Private
limited company
Share capital: EUR 300,000.00
Registered
on: 10.02.2015
Reg. data: 21255 Tostedt, HRB 204887
01.01.1973 - 05.11.1991 Helmut Feldtmann KG (AG Hamburg, HRA
72483)
Billstr. 77
D 20539 Hamburg
Limited partnership
05.11.1991 - 30.01.2015 Helmut Feldtmann KG
Zunftstr. 28
D 21244 Buchholz
Limited partnership
Sectors
46190
Agents involved in the sale of a variety of goods
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
Works:
HELMUT FELDTMANN GmbH
Maurerstr. 14
D 21244 Buchholz
TEL.: 04181/290587
Works:
HELMUT FELDTMANN GmbH
Maurerstr. 38
D 21244 Buchholz
General partner:
AGKI Arbeitsgemeinschaft
der
Körperschutzimporteure
GbR
D 21244 Buchholz
Legal form: Partnership
under the Civil Code
Company Status: active
Payment experience: could not be obtained due to structural
changes
Negative information:We have no negative
information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Zunftstr. 28
D 21244 Buchholz
Type of ownership: proprietor
Share: 100.00 %
Address Maurerstr. 38
D 21244 Buchholz
Real
Estate of: Carsten Otto Feldtmann
Type of ownership: proprietor
Share: 100.00 %
Address Meyersche Weg 28
D 21244 Buchholz
Real Estate of: Carsten Otto Feldtmann
Type of ownership: proprietor
Share: 100.00 %
Address Maurerstr. 14
D 21244 Buchholz
Land register documents were not available.
Principal bank
HAMBURGER SPARKASSE, 20454 HAMBURG
Sort. code: 20050550
BIC: HASPDEHHXXX
Further banks
HAMBURGER SPARKASSE, 21244 BUCHHOLZ IN DER
NORDHEIDE
Sort. code: 20050550, Account no.: 1383126222
BIC: HASPDEHHXXX, IBAN: DE06200505501383126222
SPARKASSE HARBURG-BUXTEHUDE, 21244 BUCHHOLZ IN
DER NORDHEIDE
Sort.
code: 20750000, Account no.: 3036100
BIC: NOLADE21HAM, IBAN: DE75207500000003036100
VOLKSBANK LÜNEBURGER HEIDE, 21412 WINSEN
(LUHE)
Sort. code: 24060300
BIC: GENODEF1NBU
Financial year: 01.07. - 30.06.
Turnover:
2012/2013
EUR 70,000,000.00
2013/2014
EUR 70,000,000.00
further business figures:
Share capital: EUR 2,000,000.00
Equipment: *EUR 609,000.00
Ac/ts receivable: *EUR
2,349,000.00
Liabilities: *EUR 4,263,000.00
Total numbers of vehicles: 5
-
Lorries: 2
-
Passenger cars:
3
Employees:
96
-
Trainees:
9
-
Temporary workers:
1
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.58 |
|
|
1 |
Rs.102.29 |
|
Euro |
1 |
Rs.74.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.