MIRA INFORM REPORT

 

 

Report No. :

503946

Report Date :

16.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

HUBER SE

 

 

Registered Office :

Industriepark Erasbach A 1, D 92334 Berching, Post Box: 63, D 92332 Berching

 

 

Country :

Germany

 

 

Date of Incorporation :

1872

 

 

Com. Reg. No.:

HRB 25558

 

 

Legal Form :

European Company (SE)

 

 

Line of Business :

Manufacture of Other General-Purpose Machinery

 

 

No. of Employees :

592

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

 

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Good

 

 

Payment Behaviour :

No Complaints

 

 

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

 

Country Name

                Previous Rating               

(30.09.2017)

Current Rating

(31.12.2017)

Germany

A1

A1

 

Risk Category

 

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

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.

 

Source : CIA

 

 

Company name & address

 

HUBER SE

 

Company Status:          active

                                    Industriepark Erasbach A 1

                                    D 92334 Berching

                                    Post Box:

                                    63, D 92332 Berching

                                    Telephone:08462/201-0

                                    Telefax:  08462/201-810

                                    Homepage: www.huber.de

                                    E-mail:   info@huber.de

 

VAT no.:                       DE812353219

Tax ID number:              201/115/60251

 

LEGAL FORM           European Company (SE)

Date of foundation:  1872

Registered on:       13.07.2009

Commercial Register: Local court 90402 Nürnberg

under:               HRB 25558

 

Share capital:                          EUR         10,030,000.00

 

President of the Board of Directors:

                     Georg Carlo Huber

                     D 92318 Neumarkt

                     having sole power of representation

                     born: 14.11.1972

Vice-president of the Board of Directors:

                     Dr. Oliver Rong

                     D 92334 Berching

                     having sole power of representation

                     born: 15.05.1974

Member of the Board of Directors:

                     Dr. Johann Grienberger

                     D 91161 Hilpoltstein

                     having sole power of representation

                     born: 27.03.1963

Member of the Board of Directors:

                     Rainer Köhler

                     D 92318 Neumarkt

                     having sole power of representation

                     born: 02.12.1964

President of the Supervisory Board:

                     Alois Ponnath

                     Konrad-Adenauer-Str. 10

                     D 92245 Kümmersbruck

                     born: 05.03.1958

                     Profession: Fully qualified merchant

                     Marital status: unknown

Vice-president of the Supervisory Board:

                     Hans Spitzner

                     Zum Dallmeierkreuz 41

                     D 92331 Parsberg

Member of the Supervisory Board:

                     Alois Ponnath

                     Konrad-Adenauer-Str. 10

                     D 92245 Kümmersbruck

                     born: 05.03.1958

                     Profession: Fully qualified merchant

                     Marital status: unknown

Member of the Supervisory Board:

                     Johanna Franziska Rong

                     Am Steinweg 3

                     D 92334 Berching

                     born: 16.11.1973

                     née: Huber

                     Marital status: unknown

Proxy:

                     Anton Neger

                     D 92339 Beilngries

                     authorized to jointly represent the company

                     born: 11.11.1955

Proxy:

                     Franz Anton Theodor Heindl

                     D 93047 Regensburg

                     authorized to jointly represent the company

                     born: 09.09.1970

 

Further functions/participations of Georg Carlo Huber (President

of the Board of Directors)

Limited partner:

                     Hans Huber GmbH & Co. KG

                     Industriepark Erasbach A 1

                     D 92334 Berching

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Total cap.         EUR            600,000.00

                     contribution:

                     Share:             EUR            300,000.00

                     Registered

                     on:         17.03.1919

                     Reg. data:  90402 Nürnberg, HRA 1635

Manager:

                     Gebr. Huber Gesellschaft mit beschränkter

                     Haftung

                     Industriepark Erasbach A 1

                     D 92334 Berching

                     Legal form: Private limited company

                     Share capital:     EUR             30,000.00

                     Registered

                     on:         05.11.1974

                     Reg. data:  90402 Nürnberg, HRB 2239

 

 

COMPANY HISTORY

 

company name and legal form

17.08.2003 - 13.07.2009  Hans Huber AG Maschinen- und Anlagenbau

                         Industriepark Erasbach A 1

                         D 92334 Berching

                         Public limited company

22.03.2000 - 17.08.2003  Hans Huber AG Maschinen- und Anlagenbau

                         Maria-Hilf-Str. 3-5

                         D 92334 Berching

                         Public limited company

04.10.1989 - 21.03.2000  Hans Huber GmbH Maschinen- und

                         Anlagenbau

                         Maria-Hilf-Str. 3-5

                         D 92334 Berching

                         Private limited company

08.12.1981 - 03.10.1989  Hans Huber Stahlverarbeitung GmbH

                         Maria-Hilf-Str. 3 - 5

                         D 92334 Berching

                         Private limited company

17.03.1919 - 07.12.1981  Hans Huber GmbH & Co. KG

                         Maria-Hilf-Str. 3 - 5

                         D 92334 Berching

                         Ltd partnership with priv. ltd. company

                         as general partner

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

27.04.2011 - 18.04.2016  President of the Supervisory Board

                         Dr. E.h. Hans Huber

                         Zum Rachental 8

                         D 92334 Berching

BUSINESS ACTIVITIES

 

Main industrial sector

28290   Manufacture of other general-purpose machinery

 

 

PARTICIPATIONS

 

Shareholder:

                     Hans Huber GmbH Thüringen

                     Edelstahlverarbeitung

                     Eisenberger Str. 17/1

                     D 07619 Schkölen

                     Legal form: Private limited company

                     Company Status: in liquidation

                     since:          02.01.2015

                     Share capital:     EUR            300,000.00

                     Share:             EUR            300,000.00

                     Reg. data:  28.12.1992

                                 Local court 07745 Jena

                                 HRB 202761

Shareholder:

                     HUBER DeWaTec GmbH

                     Brassertstr. 251

                     D 45768 Marl

                     Legal form: Private limited company

                     Company Status: insolvent

                     since:          25.10.2012

                     Share capital:     EUR            200,000.00

                     Share:             EUR            200,000.00

                     Reg. data:  08.04.2002

                                 Local court 45879 Gelsenkirchen

                                 HRB 5466

Shareholder:

                     WaRoTec GmbH Wasser- und Rohrleitungstechnik

                     Haselmühlweg 50

                     D 63741 Aschaffenburg

                     Legal form: Private limited company

                     Company Status: insolvent

                     since:          11.06.2014

                     Share capital:     EUR            200,000.00

                     Share:             EUR             60,000.00

                     Reg. data:  29.11.2006

                                 Local court 63739 Aschaffenburg

                                 HRB 9825

Shareholder:

                     sludge2energy GmbH

                     Industriepark Erasbach A 1

                     D 92334 Berching

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,000.00

                     Share:             EUR             12,500.00

                     Reg. data:  02.07.2012

                                 Local court 90402 Nürnberg

                                 HRB 28734

 

 

FINANCIAL INFORMATION

 

Payment experience:  No Complaints

 

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              Industriepark Erasbach A 1

                     D 92334 Berching

 

Land register documents were not available.

 

 

BANKERS

 

UNICREDIT BANK - HYPOVEREINSBANK, 90327 NÜRNBERG

Sort. code: 76020070, Account no.: 5008409

BIC: HYVEDEMM460, IBAN: DE30760200700005008409

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Equipment:                              EUR          1,830,779.00

Ac/ts receivable:                       EUR         23,423,211.00

Liabilities:                            EUR         10,470,504.00

Real estate of the firm:                EUR          8,776,919.00

Employees:                                                    592

- thereof permanent staff:                                    561

- Temporary workers:                                           31

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.22

UK Pound

1

INR 92.77

Euro

1

INR 80.34

EUR

1

INR 80.65

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TPT

 

 

RATING EXPLANATIONS

 

Credit Rating

 

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

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)

 

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.