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MIRA INFORM REPORT
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Report No. : |
501076 |
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Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
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Name : |
HOBART GESELLSCHAFT MIT BESCHRÄNKTER
HAFTUNG |
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Registered Office : |
Robert-Bosch-Str. 17,D 77656 Offenburg |
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Country : |
Germany |
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Date of Incorporation : |
1930 |
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Com. Reg. No.: |
HRB 472047 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Electrical
installation ·
Wholesale of
other machinery, equipment and supplies ·
Non-specialized
wholesale trade ·
Other
business support service activities n. e. c. |
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No. of Employees : |
Not available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 a large increase in 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 economic 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. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, 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. Domestic consumption, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.
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Source
: CIA |
Company
nameand addres
Report on: HOBART Gesellschaft mit beschränkter
Haftung
Robert-Bosch-Str. 17
D 77656 Offenburg
Telephone:0781/600-0
Telefax:
0781/600-2319
Homepage: www.hobart.de
E-mail:
info@hobart.de
Company Status: active
VAT
no.: DE812874044
CONCLUSION
Business relations are permissible.
Company
summery
LEGAL FORM Private limited company
Date of foundation: 1930
Shareholders'
agreement: 26.10.1999
Registered on: 26.01.2000
Commercial Register: Local court 79098
Freiburg
under: HRB 472047
Share capital: EUR 5,026,750.00
Shareholder:
ITW (Deutschland) GmbH
Fritz-Vomfelde-Str. 16
D 40547 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 27,000.00
Share: EUR 5,026,750.00
Registered on: 22.09.2014
Reg. data: 40227
Düsseldorf, HRB 73370
Manager:
Axel Beck
D 77656 Offenburg
authorized to jointly
represent the company
born: 20.04.1965
Manager:
Silvio Franz Adolf Koch
D 77836 Rheinmünster
authorized to jointly
represent the company
born: 30.11.1962
Manager:
Thomas Ehmans
Jakob-Meyer-Weg 46
D 47877 Willich
having sole power of
representation
born: 04.01.1967
Proxy:
Michael Erhardt
Bachstr. 18
D 77767 Appenweier
authorized to jointly
represent the company
born: 12.03.1966
Proxy:
Markus Bau
D 77791 Berghaupten
authorized to jointly
represent the company
born: 24.05.1970
Proxy:
Dietrich Berner
D 73550 Waldstetten
authorized to jointly
represent the company
born: 19.12.1956
Proxy:
Martin Sonntag
D 77756 Hausach
authorized to jointly
represent the company
born: 21.08.1968
Proxy:
Manfred Kohler
D 77656 Offenburg
authorized to jointly
represent the company
born: 21.07.1970
Proxy:
Stefan Probst
D 77933 Lahr
authorized to jointly represent
the company
born: 08.04.1971
Proxy:
Harald Disch
D 79215 Elzach
authorized to jointly
represent the company
born: 27.01.1967
Further functions/participations of Thomas
Ehmans (Manager)
permanent representative:
ITW German Management LLC
Fritz-Vomfelde-Str. 16
D 40547 Düsseldorf
Legal form: Branch of a
private limited
company under
foreign law
Share capital: EUR 1,000.00
Registered
on: 26.11.2008
Reg. data: 40227 Düsseldorf, HRB 59918
Manager:
ITW Dynatec GmbH
Industriestr. 28
D 40822 Mettmann
Legal form: Private
limited company
Share capital: EUR 28,850.00
Registered
on: 01.12.1992
Reg. data: 42103 Wuppertal, HRB 13274
Manager:
Speedline Technologies
GmbH
Im Gefierth 14
D 63303 Dreieich
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 25.02.1998
Reg. data: 63065 Offenbach, HRB 34061
Manager:
ITW Real Estate Germany
GmbH
Fritz-Vomfelde-Str. 16
D 40547 Düsseldorf
Legal form: Private limited
company
Share capital: EUR 27,778.00
Registered
on: 16.09.2014
Reg. data: 40227 Düsseldorf, HRB 73334
Manager:
Kleinmann GmbH
Am Trieb 13
D 72820 Sonnenbühl
Legal form: Private
limited company
Share capital: EUR 102,258.38
Registered
on: 11.03.1988
Reg. data: 70190 Stuttgart, HRB 351903
Manager:
MAGNAFLUX GmbH
Bahnhofstr. 94-98
D 73457 Essingen
Legal form: Private
limited company
Share capital: EUR 26,650.00
Registered
on: 21.11.2006
Reg. data: 89073 Ulm, HRB 720411
Manager:
ITW German Management
LLC
Fritz-Vomfelde-Str. 16
D 40547 Düsseldorf
Legal form: Branch of a
private limited
company under
foreign law
Share capital: EUR 1,000.00
Registered
on: 26.11.2008
Reg. data: 40227 Düsseldorf, HRB 59918
Manager:
ITW (Deutschland) GmbH
Fritz-Vomfelde-Str. 16
D 40547 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 27,000.00
Registered
on: 22.09.2014
Reg. data: 40227 Düsseldorf, HRB 73370
Manager:
ITW Invest Holding GmbH
Fritz-Vomfelde-Str. 16
D 40547 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 20.10.2014
Reg. data: 40227 Düsseldorf, HRB 73538
Manager:
Kester GmbH
Ganghoferstr. 45
D 82216 Maisach
Legal form: Private
limited company
Share capital: EUR 26,650.00
Registered
on: 23.03.2016
Reg. data: 80333 München, HRB 224673
Manager:
ITW Welding GmbH
Spechttal 1a
D 67317 Altleiningen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 17.10.2013
Reg. data: 67061 Ludwigshafen, HRB 63666
Manager:
ITW Test &
Measurement GmbH
Boschstr. 10
D 73734 Esslingen
Legal form: Private
limited company
Share capital: EUR 92,032.54
Registered
on: 20.10.2015
Reg. data: 70190 Stuttgart, HRB 754329
Proxy:
ITW LLC & Co. KG
Fritz-Vomfelde-Str. 16
D 40547 Düsseldorf
Legal form: Ltd
partnership w.foreign
priv.ltd.comp. as General
Partner
Total cap. EUR 53,040,000.00
contribution:
Registered
on: 10.09.2014
Reg. data: 40227 Düsseldorf, HRA 23084
COMPANY
HISTORY
company name and legal form
17.06.2009 - 25.11.2009 Hobart Foster International GmbH
Robert-Bosch-Str. 17
D 77656 Offenburg
Private limited
company
22.04.2006 - 16.06.2009 Hobat Foster International GmbH
Meierbündtweg 7
D 77746 Schutterwald
Private limited
company
01.01.2006 - 21.04.2006 Hobart Foster International GmbH
Burdastr. 6
D 77746 Schutterwald
Private limited
company
28.11.2000 - 31.12.2005 Foster Refrigerator GmbH
Meierbündtweg 7
D 77746 Schutterwald
Private limited
company
26.01.2000 - 27.11.2000 Foster Refrigerator GmbH
Ringstr. 46
D 50996 Köln
Private limited
company
BUSINESS ACTIVITIES
Main industrial sector
43210
Electrical installation
4669
Wholesale of other machinery, equipment and supplies
46903
Non-specialized wholesale trade
82999
Other business support service activities n. e. c.
FINANCIAL INFORMATION
Payment experience: No
Complaints
Negative information:We have no negative
information at hand.
REAL ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Robert-Bosch-Str. 17
D 77656 Offenburg
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK,
77603 OFFENBURG
Sort. code: 66440084, Account no.: 450333000
BIC: COBADEFFXXX, IBAN: DE85664400840450333000
FINANCIAL
FIGURES
Financial year: 01.12. - 30.11.
Share capital: EUR 5,026,750.00
The number of employees is not known.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.99 |
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1 |
INR 90.96 |
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Euro |
1 |
INR 79.51 |
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Euro |
1 |
INR 79.67 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.