MIRA INFORM REPORT

 

 

Report No. :

490075

Report Date :

07.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

HOMAG PLATTENAUFTEILTECHNIK GMBH

 

 

Registered Office :

Holzmastr. 3, D 75365 Calw

 

 

Country :

Germany

 

 

Date of Incorporation :

01.01.1964

 

 

Com. Reg. No.:

HRB 330649

 

 

Legal Form :

Private limited company

 

 

Line of Business :

·         Installation of machines and equipment n.e.c.

·         Wholesale of other machinery, equipment and supplies

·         Other software development activities

·         Engineering activities in the field of technical sectoral planning and engineering design

 

 

No. of Employees :

Not available

 

 

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 :

Satisfactory

 

 

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

(30.06.2017)

Current Rating

(30.09.2017)

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 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.

 

Source : CIA

 

Company name and address

 

Report on:                    HOMAG Plattenaufteiltechnik GmbH

 

Company Status:          active

                                    Holzmastr. 3

                                    D 75365 Calw

Telephone:                    07053/69-0

Telefax:                        07053/6174

Homepage:                   www.holzma.de

E-mail:                          info@holzma.de

VAT no.:                       DE144368444

 

 

Company summary

 

Legal Form                   Private limited company

Date of foundation:       01.01.1964

Shareholders'

agreement:                    04.05.1984

Registered on:              30.05.1984

Commercial Register:    Local court 70190 Stuttgart

under:                                       HRB 330649

 

Share capital:                          EUR          5,600,000.00

 

Shareholder:

                     HOMAG GmbH

                     Homagstr. 3-5

                     D 72296 Schopfloch

                     Legal form: Private limited company

                     Share capital:     EUR         30,001,000.00

                     Share:             EUR          3,050,000.00

                     Registered on: 06.10.2010

                     Reg. data: 70190 Stuttgart, HRB 735174

                     Profit transfer agreement

Shareholder:

                     Homag Group AG

                     Homagstr. 3-5

                     D 72296 Schopfloch

                     Legal form: Public limited company

                     Share capital:     EUR         15,688,000.00

                     Share:             EUR          2,550,000.00

                     Registered on: 22.11.1999

                     Reg. data: 70190 Stuttgart, HRB 440649

Manager:

                     Jens Held

                     Neunecker Str. 21

                     D 72296 Schopfloch

                     born: 23.05.1966

Proxy:

                     Dieter Pilz

                     D 72072 Tübingen

                     authorized to jointly represent the company

                     born: 20.09.1963

                     Marital status: married

Proxy:

                     Christof Stadel

                     Abendgasse 23

                     D 72218 Wildberg

                     authorized to jointly represent the company

                     born: 28.06.1974

Proxy:

                     Günter Gegenheimer

                     D 75365 Calw

                     authorized to jointly represent the company

                     born: 03.01.1955

                     Marital status: married

Proxy:

                     Volker Kußmaul

                     D 71149 Bondorf

                     authorized to jointly represent the company

                     born: 05.05.1965

Proxy:

                     Darko Zimbakov

                     D 71155 Altdorf

                     authorized to jointly represent the company

                     born: 01.07.1976

 

 

COMPANY HISTORY

 

company name and legal form

02.01.2017 - 17.02.2017  HOLZMA Plattenaufteiltechnik GmbH

                         Holzmastr. 3

                         D 75365 Calw

                         Private limited company

05.07.2000 - 02.01.2017  HOLZMA Plattenaufteiltechnik

                         Gesellschaft mit beschränkter Haftung

                         Holzmastr. 3

                         D 75365 Calw

                         Private limited company

30.05.1984 - 05.07.2000  Holzma-Maschinenbau GmbH

                         Holzmastr. 3

                         D 75365 Calw

                         Private limited company

02.01.1975 - 29.05.1984  Holzma KG

                         Holzmastr. 3

                         D 75365 Calw

                         Limited partnership

02.01.1971 - 01.01.1975  Holzma

                         Holzmastr. 3

                         D 75365 Calw

                         Unregistered commercial enterprise

01.01.1964 - 01.01.1971  Holzma

                         D 75391 Gechingen

                         Unregistered commercial enterprise

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

27.09.2005 - 22.01.2018  Manager

                         Walter Visel

                         D 75365 Calw

08.05.2015 - 20.04.2016  Manager

                         Wolfgang Augsten

                         Am Heiligenbrunnen 29

                         D 72581 Dettingen

26.09.2012 - 17.03.2015  Manager

                         Holger Bomm

                         D 21745 Hemmoor

 

 

BUSINESS ACTIVITIES

 

Sectors

3320    Installation of machines and equipment n.e.c.

4669    Wholesale of other machinery, equipment and supplies

62019   Other software development activities

71122   Engineering activities in the field of technical sectoral planning andengineering design

 

 

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                        Holzmastr. 3

                                    D 75365 Calw

Type of real estate:       Commercial building

Residential floor            18,000.00 sq.m

space/ Usable floor

space:

 

Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, 71002 BÖBLINGEN

Sort. code: 60070070

BIC: DEUTDESSXXX

COMMERZBANK VORMALS DRESDNER BANK, 70049 STUTTGART

Sort. code: 60080000

BIC: DRESDEFF600

BADEN-WÜRTTEMBERGISCHE BANK, 70049 STUTTGART

Sort. code: 60020030

BIC: SOLADEST601

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Share capital:                          EUR          5,600,000.00

The number of employees is not known.

 

Profit transfer agreement to:

                     HOMAG GmbH

                     Homagstr. 3-5

                     D 72296 Schopfloch

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.27

UK Pound

1

INR 89.72

Euro

1

INR 79.52

Euro

1

INR 79.32

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIS

 

 

Report Prepared by :

SYL

                                                


 

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.