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MIRA INFORM REPORT
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Report No. : |
504744 |
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Report Date : |
19.04.2018 |
IDENTIFICATION DETAILS
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Name : |
HTI COLLIN & HOFMANN KG |
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Registered Office : |
Collinweg, D 47059 Duisburg |
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Country : |
Germany |
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Date of Incorporation : |
07.10.2004 |
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Com. Reg. No.: |
HRA 11419 |
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Legal Form : |
Limited partnership |
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Line of Business : |
Wholesale of plumbing and heating
equipment and supplies |
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No. of Employees : |
22 |
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 |
Report on: HTI Collin & Hofmann KG
Collinweg
D 47059 Duisburg
Company Status: active
Telephone:02841/28900-3000
Telefax:
02841/28900-193300
Homepage: www.hti-collin-hofmann.de
E-mail:
info.collin-hofmann@hti-handel.de
CONCLUSION
Business relations are permissible.
LEGAL FORM Limited partnership
Date of foundation: 07.10.2004
Registered on: 17.07.2013
Register of
companies: Local court 47051 Duisburg
under: HRA
11419
Total cap. contribution: EUR 1,400,000.00
Limited partner:
HTI Collin & Schulten
KG
Collinweg 1
D 47059 Duisburg
Legal form: Limited
partnership
Total cap. EUR 7,600,000.00
contribution:
Share: EUR 1,400,000.00
Registered on: 29.04.2014
Reg. data: 47051
Duisburg, HRA 11577
General partner:
Horst Collin
Eifelhang 4
D 45133 Essen
born: 15.08.1967
Profession: Fully
qualified political
economist
Marital status: married
Proxy:
Klaus Zöhler
Straßburger Str. 14
D 47137 Duisburg
authorized to jointly
represent the company
born: 21.09.1955
Proxy:
Helga Adelwöhrer
Jahnstr. 11
D 45355 Essen
authorized to jointly
represent the company
born: 11.08.1964
Profession: Businessman
Proxy:
Gabriele Bachmann
D 47445 Moers
authorized to jointly
represent the company
born: 10.11.1958
Proxy:
Marcel Berg
D 47059 Duisburg
authorized to jointly represent the
company
born: 24.03.1976
Further functions/participations of Horst
Collin (General
partner)
General partner:
RHEIN-RUHR-COLLIN KG
Fachgroßhandel für
Haustechnik
Collinweg
D 47059 Duisburg
Legal form: Limited
partnership
Total cap. EUR 62,700,000.00
contribution:
Registered
on: 23.11.1987
Reg. data: 47051 Duisburg, HRA 5847
Shareholder:
aduxa-GmbH
Collinweg
D 47059 Duisburg
Legal form: Private
limited company
Share capital: EUR 31,000.00
Share: EUR 31,000.00
Registered
on: 23.03.2010
Reg. data: 47051 Duisburg, HRB 22219
Shareholder:
HTI International Holding
GmbH
Hochstr. 150-152
D 47228 Duisburg
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 15,000.00
Registered
on: 11.02.2008
Reg. data: 47051 Duisburg, HRB 19980
Manager:
Eisen-Rieg Beteiligungs-
und Verwaltungs-
GmbH
Röntgenstr. 17
D 64846 Groß-Zimmern
Legal form: Private
limited company
Share capital: EUR 52,000.00
Registered
on: 27.11.1991
Reg. data: 64283 Darmstadt, HRB 5058
Manager:
TFG Tiefbau Beteiligungs-
und Verwaltungs
GmbH
Collinweg
D 47059 Duisburg
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 15.12.1988
Reg. data: 47051 Duisburg, HRB 12388
Manager:
CUW
Grundstücksverwaltungsgesellschaft mit
beschränkter Haftung
Altenwall 6
D 28195 Bremen
Legal form: Private
limited company
Share capital: EUR 31,500.00
Registered
on:
19.01.1993
Reg. data: 28195 Bremen, HRB 14645 HB
Manager:
HTI International GmbH
Collinweg
D 47059 Duisburg
Legal form: Private
limited company
Share capital: EUR 2,800,000.00
Registered
on: 14.07.2006
Reg. data: 47051 Duisburg, HRB 18644
Manager:
HTI International Holding
GmbH
Hochstr. 150-152
D 47228 Duisburg
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 11.02.2008
Reg. data: 47051 Duisburg, HRB 19980
Manager:
Collin
Dienstleistungs-GmbH
Collinweg
D 47059 Duisburg
Legal form: Private
limited company
Share capital: EUR 231,000.00
Registered
on: 14.09.1994
Reg. data: 47051 Duisburg, HRB 6523
Manager:
TFG Luhn Tiefbauhandels
GmbH
Großbeerenstr. 164-170
D 12277 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 21.04.2005
Reg. data: 14057 Berlin, HRB 96706 B
COMPANY HISTORY
company name and legal form
19.03.2007 - 17.07.2013 HTI Collin & Hofmann KG
Carl-Zeiss-Str. 9
D 47445 Moers
Limited partnership
07.10.2004 - 19.03.2007 TFG HOFMANN KG Technischer
Fachgroßhandel (AG
Duisburg, HRA 9321)
Hochstr. 180
D 47228 Duisburg
Limited partnership
RESIGNED ACTING PERSONS AND SHAREHOLDERS
27.03.2007 - 03.01.2018 General partner
Arno Hofmann
Dorfstr. 91c
D 47259 Duisburg
BUSINESS ACTIVITIES
Main industrial sector
46742
Wholesale of plumbing and heating equipment and supplies
FINANCIAL INFORMATION
Payment experience: No
Complaints
Negative information:We have no negative
information at hand.
REAL ESTATE
Type of ownership: Tenant
Address Collinweg
D 47059 Duisburg
Real Estate of: Horst Collin
Type of ownership: proprietor
Share: 100.00 %
Address Eifelhang 4
D 45133 Essen
Land register documents were not available.
BANKERS
SPARKASSE DUISBURG, 47015 DUISBURG
Sort. code: 35050000
BIC: DUISDE33XXX
FINANCIAL FIGURES
Financial
year: 01.01. - 31.12.
Turnover: 2016 *EUR 4,070,000.00
2017 *EUR 4,070,000.00
further business figures:
Equipment: *EUR 132,000.00
Ac/ts receivable: *EUR 242,000.00
Liabilities: *EUR 462,000.00
Employees:
22
The
business figures marked with an asterisk are estimates based
on average values in the line of business.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.68 |
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1 |
INR 93.98 |
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Euro |
1 |
INR 81.30 |
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Euro |
1 |
INR 81.41 |
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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NIY |
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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
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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.