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Report No. : |
341936 |
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Report Date : |
23.09.2015 |
IDENTIFICATION DETAILS
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Name : |
HOCHLAND NATEC GMBH |
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Registered Office : |
Kolpingstr. 32 D 88178 Heimenkirch |
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Country : |
Germany |
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Date of Incorporation : |
30.05.1974 |
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Com. Reg. No.: |
HRB 1319 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Manufacture of other special-purpose
machinery ·
Agents involved in the sale of machines
(except agricultural machineryand office machinery) and industrial supplies |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 ofINVESTMENT, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed privateINVESTMENT. 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 |
HOCHLAND
NATEC GMBH
Company Status: active
Kolpingstr. 32
D 88178 Heimenkirch
Telephone:08381/502-400
Telefax: 08331/502-401
Homepage: www.natec.de
E-mail: info.natec@hochland.com
VAT
no.: DE814072121
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1974
Shareholders'
agreement: 05.04.1974
Registered on: 30.05.1974
Commercial Register: Local court 87435 Kempten
under: HRB
1319
EUR
600,000.00
Shareholder:
HOCHLAND SE
Kemptener Str. 17
D 88178 Heimenkirch
Legal form: European Company (SE)
Share capital: EUR
100,100,000.00
Share: EUR 600,000.00
Registered on: 18.01.2010
Reg. data: 87435 Kempten,
HRB 10539
Profit transfer agreement
Manager:
Thomas Niemann
D 23881 Borstorf
having sole power of
representation
born: 29.09.1958
Profession:
Businessman
30.05.1974 - 20.08.2004 Reich Summer GmbH
Kemptener Str. 17
D 88178 Heimenkirch
Private limited
company
20.08.2004 - 02.01.2008 NATEC GmbH
Kolpingstr. 32
D 88178 Heimenkirch
Private limited
company
Main industrial sector
1089 Manufacture
of other food products n.e.c.
2899
Manufacture of other special-purpose machinery n.e.c.
46141
Agents involved in the sale of machines (except
agricultural machineryand office machinery)
and industrial
supplies n.e.c.
Secondary industrial sector
64200
Activities of holding companies
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Kolpingstr. 32
D 88178 Heimenkirch
Land register documents were not available.
SPARKASSE MEMMINGEN-LINDAU-MINDELHEIM, 88178
HEIMENKIRCH
Sort. code: 73150000
BIC: BYLADEM1MLM
Financial year: 01.01. - 31.12.
Share capital: EUR 600,000.00
No
full-time employees are employed.
Profit transfer agreement to:
HOCHLAND SE
Kemptener Str. 17
D 88178
Heimenkirch
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.62 |
|
|
1 |
Rs.101.73 |
|
Euro |
1 |
Rs.73.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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.