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MIRA INFORM REPORT
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Report No. : |
489597 |
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Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
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Name : |
HEINRICH JUNGEBLODT GMBH & CO. KG |
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Registered Office : |
Belecker Landstr. 19, D 59581 Warstein |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1848 |
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Com. Reg. No.: |
HRA 5898 |
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Legal Form : |
Limited partnership with private limited company as
general partner |
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Line of Business : |
·
Forging, pressing, stamping and
roll-forming of metal; powder metallurgy · Wholesale of tools and hardware |
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No. of Employees : |
185 |
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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 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, bolstered by low energy
prices and a weak euro, and exports are likely to drive German GDP growth again
in 2018.
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Source
: CIA |
Company
name and address
Report on:
Heinrich Jungeblodt GmbH
& Co. KG
Company Status:
active
Belecker Landstr. 19
D 59581 Warstein
Telephone: 02902/8900
Telefax: 02902/8904100
Homepage: www.jungeblodt.de
E-mail: info@jungeblodt.de
VAT no.:
DE125690970
Company
summary
Legal Form
Ltd partnership with priv.
ltd. company as general partner
Date of foundation:
1848
Registered on:
17.02.2005
Register of
companies:
Local court 59821 Arnsberg
under:
HRA 5898
Total cap. contribution: EUR 308,000.00
Limited partner:
Klemens Heino Jungeblodt
Im Heidekamp 24
D 59555 Lippstadt
born: 20.02.1965 in Lippstadt
Share: EUR 154,000.00
Limited partner:
Henrik Jungeblodt
Dalheimer Weg 10
D 33098 Paderborn
born: 30.06.1970 in Lippstadt
Share: EUR 154,000.00
General partner:
Jungeblodt Beteiligungsgesellschaft mbH
Belecker Landstr. 19
D 59581 Warstein
Legal form: Private limited company
Share capital: EUR 26,000.00
Registered on: 15.12.2004
Reg. data: 59821 Arnsberg, HRB 6988
Shareholder:
Klemens Heino Jungeblodt
Im Heidekamp 24
D 59555 Lippstadt
born: 20.02.1965 in Lippstadt
Share: EUR 13,000.00
Shareholder:
Henrik Jungeblodt
Dalheimer Weg 10
D 33098 Paderborn
born: 30.06.1970 in Lippstadt
Share: EUR 13,000.00
Manager:
Klemens Heino Jungeblodt
Im Heidekamp 24
D 59555 Lippstadt
having sole power of representation
born: 20.02.1965 in Lippstadt
Manager:
Henrik Jungeblodt
Dalheimer Weg 10
D 33098 Paderborn
having sole power of representation
born: 30.06.1970 in Lippstadt
Profession: Businessman
Marital status: single
Proxy:
Albert Specovius
Baumhof 5
D 59597 Erwitte
authorized to jointly represent the company
born: 11.04.1965
Profession: Fully qualified computer
scientist
Marital status: married
Proxy:
Dirk Baronowsky
D 59581 Warstein
authorized to jointly represent the company
born: 20.10.1967
Profession: Businessman
Proxy:
Michael Scherer
Lanner 4
D 59494 Soest
authorized to jointly represent the company
born: 23.06.1975
Proxy:
Stephanie Germakowsky
St.-Vinzenz-Weg 6
D 59755 Arnsberg
authorized to jointly represent the company
born: 17.06.1980
Proxy:
Christof Welzel
D 59581 Warstein
authorized to jointly represent the company
born: 20.03.1969
BUSINESS
ACTIVITIES
Main industrial sector
2550 Forging,
pressing, stamping and roll-forming of metal; powder metallurgy
46741 Wholesale
of tools and hardware
FINANCIAL
INFORMATION
Payment experience:
No complaints
Negative information: We
have no negative information at hand.
Balance sheet year:
2016
REAL
ESTATE
Type of ownership:
Tenant
Address
Belecker Landstr. 19
D
59581 Warstein
Real Estate of:
Jungeblodt
Beteiligungsgesellschaft mbH
Type of ownership:
Tenant
Address
Belecker Landstr. 19
D 59581 Warstein
Land register documents were not available.
BANKERS
COMMERZBANK VORMALS DRESDNER BANK, 59852 MESCHEDE
Sort. code: 44080050, Account no.: 785960000
BIC: DRESDEFF440, IBAN: DE89440800500785960000
DEUTSCHE BANK, 59524 LIPPSTADT
Sort. code: 41670027, Account no.: 6035448
BIC: DEUTDE3B416, IBAN: DE91416700270603544800
VOLKSBANK BECKUM-LIPPSTADT, 59537 LIPPSTADT
Sort. code: 41660124, Account no.: 700239100
BIC: GENODEM1LPS, IBAN: DE43416601240700239100
SPARKASSE LIPPSTADT, 59553 LIPPSTADT
Sort. code: 41650001, Account no.: 8722
BIC: WELADED1LIP, IBAN: DE46416500010000008722
FINANCIAL
FIGURES
Gross profit or loss:2016 EUR 16,246,244.00
Profit:
2016 EUR 1,151,314.00
Equipment: EUR 461,022.00
Ac/ts receivable: EUR 4,091,966.00
Liabilities: EUR 6,201,791.00
Total numbers of vehicles: 5
- Lorries: 1
- Passenger cars:
4
Employees:
185
- thereof permanent staff: 173
- Temporary workers: 12
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]:
41.31
Liquidity ratio: 2.17
Return on total capital [%]:
10.88
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]:
38.79
Liquidity ratio: 1.42
Return on total capital [%]: 5.93
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]:
33.36
Liquidity ratio: 0.87
Return on total capital [%]: 1.30
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]:
40.39
Liquidity ratio: 1.38
Return on total capital [%]: 5.94
Equity ratio
The equity ratio
indicates the portion of the equity as compared to the total capital. The
higher the equity ratio, the better the economic stability (solvency) and thus
the financial autonomy of a company.
Liquidity ratio
The liquidity ratio
shows the proportion between adjusted receivables and net liabilities. The
higher the ratio, the lower the company's financial dependancy from external
creditors.
Return on total
capital
The return on total
capital shows the efficiency and return on the total capital employed in the
company. The higher the return on total capital, the more economically does the
company work with the invested capital.
Type of balance sheet: Company
balance sheet
Origin of the present balance sheet: electronic
German Federal Gazette
Financial year: 01.01.2016 -
31.12.2016
ASSETS EUR 10,621,177.12
Fixed assets EUR 839,872.00
Intangible assets EUR 73,408.00
Other / unspecified
intangible assetsEUR
73,408.00
Tangible assets EUR 763,289.00
Plant / machinery EUR 210,977.00
Other tangible assets /
fixtures and
fittings EUR 461,022.00
Advance payments made /
construction
in progress EUR 91,290.00
Financial assets EUR 3,175.00
Shares in participations
/
subsidiaries and the
like EUR 3,175.00
Shares in investee
companies EUR 3,175.00
Current assets EUR 9,781,305.12
Stocks EUR 4,778,835.84
Accounts receivable EUR 4,091,966.21
Other debtors and
assets EUR 4,091,966.21
Liquid means EUR 910,503.07
LIABILITIES EUR
10,621,177.12
Shareholders' equity EUR 1,000,000.00
Capital EUR 1,000,000.00
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 1,000,000.00
Provisions EUR 3,419,386.00
Liabilities EUR 6,201,791.12
Financial debts EUR 1,166,436.37
Liabilities due to
banks EUR 1,166,436.37
Other liabilities EUR 5,035,354.75
Liabilities due to
shareholders EUR 3,409,309.49
Unspecified other
liabilities EUR 1,626,045.26
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 16,246,244.25
Staff expenses EUR 10,398,555.78
Wages and salaries EUR 8,813,177.79
Social security contributions
and
expenses for pension
plans and
benefits EUR 1,585,377.99
Total depreciation EUR 303,466.74
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 303,082.21
Depreciation on current
assets (+/-) EUR 384.53
Other operating
expenses EUR 3,708,086.79
Operating result from
continuing
operations EUR 1,836,134.94
Interest result
(+/-) EUR -211,735.33
Interest and similar
income EUR 259.35
Interest and similar
expenses EUR 211,994.68
Financial result
(+/-) EUR -211,735.33
Result from ordinary
operations (+/-) EUR 1,624,399.61
Income tax / refund of
income tax (+/-)EUR -462,109.60
Other taxes / refund of
taxes EUR -10,976.51
Tax (+/-) EUR -473,086.11
Annual surplus / annual
deficit EUR 1,151,313.50
Type of balance sheet: Company
balance sheet
Origin of the present balance sheet: electronic
German Federal Gazette
Financial year: 01.01.2015 -
31.12.2015
ASSETS EUR 11,416,342.22
Fixed assets EUR 940,291.00
Intangible assets EUR 66,486.00
Other / unspecified
intangible assetsEUR
66,486.00
Tangible assets EUR 870,630.00
Plant / machinery EUR 468,654.00
Other tangible assets /
fixtures and
fittings EUR 374,922.00
Advance payments made /
construction
in progress EUR 27,054.00
Financial assets EUR 3,175.00
Shares in participations
/
subsidiaries and the
like EUR 3,175.00
Shares in investee
companies EUR 3,175.00
Current assets EUR 10,465,101.31
Stocks EUR 5,612,210.70
Accounts receivable EUR 3,988,293.51
Other debtors and
assets EUR 3,988,293.51
Liquid means EUR 864,597.10
Remaining other
assets EUR 10,949.91
Accruals (assets) EUR 10,949.91
LIABILITIES EUR 11,416,342.22
Shareholders' equity EUR 1,000,000.00
Capital EUR 1,000,000.00
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 1,000,000.00
Provisions EUR 3,294,266.00
Liabilities EUR 7,122,076.22
Financial debts EUR 1,968,629.97
Liabilities due to
banks EUR 1,968,629.97
Other liabilities EUR 5,153,446.25
Liabilities due to
shareholders EUR 3,449,134.65
Unspecified other
liabilities EUR 1,704,311.60
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 16,835,173.10
Staff expenses EUR 10,862,191.34
Wages and salaries EUR 9,118,381.63
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,743,809.71
Total depreciation EUR 395,031.53
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 395,031.53
Other operating
expenses EUR 4,227,154.31
Operating result from
continuing
operations EUR 1,350,795.92
Interest result
(+/-) EUR -226,280.53
Interest and similar
income EUR 383.51
Interest and similar
expenses EUR 226,664.04
Financial result
(+/-) EUR -226,280.53
Result from ordinary
operations (+/-) EUR 1,124,515.39
Income tax / refund of
income tax (+/-)EUR -437,818.00
Other taxes / refund of
taxes EUR -11,170.51
Tax (+/-) EUR -448,988.51
Annual surplus / annual
deficit EUR 675,526.88
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.27 |
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1 |
INR 89.72 |
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Euro |
1 |
INR 79.52 |
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Euro |
1 |
INR 79.49 |
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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PRA |
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Report Prepared
by : |
SYL |
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.