MIRA INFORM REPORT

 

 

Report No. :

491157

Report Date :

08.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

HOLZINDUSTRIE TEMPLIN GMBH

 

 

Registered Office :

Company Status:   active,  Zehdenicker Str. 32, D 17268 Templin

 

 

Country :

Germany

 

 

Financials (as on) :

30.09.2016

 

 

Date of Incorporation :

24.11.1993

 

 

Com. Reg. No.:

HRB 2211 NP

 

 

Legal Form :

Private limited company

 

 

Line of Business :

·         Wholesale of raw and cut wood

·         Manufacture of products of wood; manufacture of articles of cork, straw and plaiting materials (except furniture)

·         Sawmilling and planing of wood

 

 

No. of Employees :

103

 

 

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 :

Regular

 

 

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:           Holzindustrie Templin GmbH

 

Company Status:      active

Zehdenicker Str. 32

D 17268 Templin

Telephone:03987/70020

Telefax:  03987/700299

Homepage: www.hitemplin.com

E-mail:   info@hitemplin.com

 

 VAT no.:             DE811590046

 

 CONCLUSION

 Business relations are permissible.

 

 

Company summery

 

 LEGAL FORM           Private limited company

 Date of foundation:   24.11.1993

 Shareholders'

 agreement:              24.11.1993

 Registered on:         28.01.1994

 Commercial Register: Local court 16816 Neuruppin

 under:                          HRB 2211 NP

 

 Share capital:                          EUR            103,150.00

 

 Shareholder:

                      Antje Maschmann-Fehrensen

                      Röddeliner Dorfstr. 29b

                      D 17268 Templin

                      born: 24.05.1966

                      née: Fehrensen

                      Share:             EUR             51,575.00

 Shareholder:

                      Dr. Christine Würfel

                      Cuvilliesstr. 12

                      D 81679 München

                      born: 11.01.1976

                      Share:             EUR             46,568.00

 Shareholder:

                      Ilse Würfel

                      Märkische Str. 19c

                      D 17268 Templin

                      born: 27.10.1945

                      née: Rudersdorf

                      Share:             EUR              5,007.00

 Manager:

                      Christian Würfel

                      D 17268 Templin

                      having sole power of representation

                      born: 07.11.1941

                      Profession: Businessman

                      Property regime: Separation of property

                      Marital status: married

 Manager:

                      Antje Maschmann-Fehrensen

                      Röddeliner Dorfstr. 29b

                      D 17268 Templin

                      having sole power of representation

                      born: 24.05.1966

                      née: Fehrensen

                      Profession: Fully qualified management

                      expert

                      Property regime: Separation of property

                      Marital status: married

 

 Further functions/participations of Christian Würfel (Manager)

 General partner:

                      Dr. Wolfgang Fehrensen und Christian Würfel

                      Zehdenicker Str. 27

                      D 17268 Templin

                      Legal form: Partnership under the Civil Code

 General partner:

                      Antje Maschmann-Fehrensen und Christian

                      Würfel

                      Zehdenicker Str. 32

                      D 17268 Templin

                      Legal form: Partnership under the Civil Code

 Limited partner:

                      Flugzeughaltergesellschaft Müller & Partner

                      mbH & Co. KG

                      Klingenfeldstr. 25

                      D 90453 Nürnberg

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR             30,677.51

                      contribution:

                      Share:             EUR             30,677.51

                      Registered

                      on:         11.12.2013

                      Reg. data:  90402 Nürnberg, HRA 16737

 Limited partner:

                      Würfel Gerstungen GmbH & Co. Besitz KG

                      In der Flur 1

                      D 99834 Gerstungen

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner in

                                  liquidation

                      Total cap.         EUR              2,000.00

                      contribution:

                      Share:             EUR              1,000.00

                      Registered

                      on:         19.12.2005

                      Reg. data:  07745 Jena, HRA 500008

 Shareholder:

                      Christian Würfel GmbH

                      Klingenfeldstr. 25

                      D 90453 Nürnberg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         07.09.2017

                      Reg. data:  90402 Nürnberg, HRB 34381

 Shareholder:

                      Würfel Gerstungen GmbH

                      In der Flur 1

                      D 99834 Gerstungen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Registered

                      on:         25.11.2005

                      Reg. data:  07745 Jena, HRB 500021

 Manager:

                      MBG Metallbeschichtung Gerstungen GmbH

                      In der Flur 1

                      D 99834 Gerstungen

                      Legal form: Private limited company

                      Share capital:     EUR             51,129.19

                      Registered

                      on:         07.04.1998

                      Reg. data:  07745 Jena, HRB 404384

 Manager:

                      Christian Würfel GmbH

                      Klingenfeldstr. 25

                      D 90453 Nürnberg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         07.09.2017

                      Reg. data:  90402 Nürnberg, HRB 34381

 Manager:

                      Holzwerk Behringen GmbH

                      Kleine Wiese 1 OT

                      Wolfsbehringen

                      D 99820 Hörselberg-Hainich

                      Legal form: Private limited company

                      Share capital:     EUR            600,000.00

                      Registered

                      on:         15.12.2003

                      Reg. data:  07745 Jena, HRB 405884

 Manager:

                      Würfel Gerstungen GmbH

                      In der Flur 1

                      D 99834 Gerstungen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         25.11.2005

                      Reg. data:  07745 Jena, HRB 500021

 Liquidator:

                      Würfel Gerstungen GmbH & Co. Besitz KG

                      In der Flur 1

                      D 99834 Gerstungen

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner in

                                  liquidation

                      Total cap.         EUR              2,000.00

                      contribution:

                      Registered

                      on:         19.12.2005

                      Reg. data:  07745 Jena, HRA 500008

 

 Further functions/participations of Antje Maschmann-Fehrensen

 (Manager)

 General partner:

                      Antje Maschmann-Fehrensen und Christian

                      Würfel

                      Zehdenicker Str. 32

                      D 17268 Templin

                      Legal form: Partnership under the Civil Code

 Shareholder:

                      Holzwerk Behringen GmbH

                      Kleine Wiese 1 OT

                      Wolfsbehringen

                      D 99820 Hörselberg-Hainich

                      Legal form: Private limited company

                      Share capital:     EUR            600,000.00

                      Share:             EUR            150,000.00

                      Registered

                      on:         15.12.2003

                      Reg. data:  07745 Jena, HRB 405884

 Shareholder:

                      HBB Holzbearbeitung Bralitz GmbH

                      Oderberger Str. 18-19

                      OT Bralitz

                      D 16259 Bad Freienwalde

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Share:             EUR             11,248.42

                      Registered

                      on:         17.12.1998

                      Reg. data:  15236 Frankfurt, HRB 7207 FF

 Manager:

                      HBB Holzbearbeitung Bralitz GmbH

                      Oderberger Str. 18-19

                      OT Bralitz

                      D 16259 Bad Freienwalde

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         17.12.1998

                      Reg. data:  15236 Frankfurt, HRB 7207 FF

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 16100   Sawmilling and planing of wood

 

 Secondary industrial sector

 16290   Manufacture of products of wood; manufacture of articles

 of cork, straw and plaiting materials (except furniture)

46732   Wholesale of raw and cut wood

 

 

 PARTICIPATIONS

 

 Shareholder:

                      Holzindustrie Templin Werk Nentershausen

                      GmbH

                      Hopfenwiese 5

                      D 36214 Nentershausen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             32,926.00

                      Share:             EUR             32,926.00

                      Reg. data:  24.11.2010

                                  Local court 36251 Bad Hersfeld

                                  HRB 2423

 

 

FINANCIAL INFORMATION

 

 Payment experience:  Regular

 

 Negative information:We have no negative information at hand.

 

 

 Balance sheet year:  2015/2016

 

 

 REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Zehdenicker Str. 32

                      D 17268 Templin

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 COMMERZBANK VORMALS DRESDNER BANK, 34331 HANN. MÜNDEN

 Sort. code: 52080080

 BIC: DRESDEFF520

 

 Further banks

 COMMERZBANK VORMALS DRESDNER BANK, 34010 KASSEL

 Sort. code: 52080080

 BIC: DRESDEFF520

 UNICREDIT BANK - HYPOVEREINSBANK, 97067 WÜRZBURG

 Sort. code: 79020076

 BIC: HYVEDEMM455

 

 

FINANCIAL FIGURES

 

 Turnover:            2015/2016          EUR          6,418,303.00

                      2016/2017         *EUR         17,510,000.00

 Profit:              2015/2016          EUR            249,394.00

 further business figures:

 Equipment:                              EUR            404,344.00

 Ac/ts receivable:                       EUR          5,684,421.00

 Liabilities:                            EUR          2,685,119.00

 Total numbers of vehicles:                                     10

 Employees:                                                    103

 

 The business figures marked with an asterisk are estimates based

  on average values in the line of business.

 

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.10.2015 - 30.09.2016

 Equity ratio [%]:                 56.59

 Liquidity ratio:                   2.63

 Return on total capital [%]:       1.95

 

 Balance sheet ratios 01.10.2014 - 30.09.2015

 Equity ratio [%]:                 61.14

 Liquidity ratio:                   6.72

 Return on total capital [%]:       1.12

 

 Balance sheet ratios 01.10.2013 - 30.09.2014

 Equity ratio [%]:                 59.42

 Liquidity ratio:                  10.00

 Return on total capital [%]:       6.02

 

 Balance sheet ratios 01.10.2012 - 30.09.2013

 Equity ratio [%]:                 53.73

 Liquidity ratio:                   2.44

 Return on total capital [%]:       1.25

 

 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.

 

 

 Finaciles

 

 Type of balance

 sheet:               Company balance sheet

 Origin of the present

 balance sheet:       electronic German Federal Gazette

 

 Financial year:      01.10.2015 - 30.09.2016

 

 ASSETS                                  EUR         12,807,204.43

  Fixed assets                           EUR          2,058,727.98

   Intangible assets                     EUR              3,819.00

   Tangible assets                       EUR          2,021,982.98

    Plant / machinery                    EUR          1,544,907.00

    Other tangible assets / fixtures and

    fittings                             EUR            418,209.00

    Advance payments made / construction

    in progress                          EUR             58,866.98

   Financial assets                      EUR             32,926.00

    Shares in participations /

    subsidiaries and the like            EUR             32,926.00

     Shares in related companies         EUR             32,926.00

  Current assets                         EUR         10,689,788.94

   Stocks                                EUR          2,430,472.11

   Accounts receivable                   EUR          6,902,230.75

   Liquid means                          EUR          1,357,086.08

  Remaining other assets                 EUR             58,687.51

   Accruals (assets)                     EUR             58,687.51

 

 LIABILITIES                             EUR         12,807,204.43

  Shareholders' equity                   EUR          7,155,257.55

   Capital                               EUR            103,150.00

    Subscribed capital (share capital)   EUR            103,150.00

   Reserves                              EUR          1,969,541.61

    Capital reserves                     EUR          1,969,541.61

   Balance sheet profit/loss (+/-)       EUR          5,082,565.94

    Profit / loss brought forward        EUR          4,833,171.57

    Annual surplus / annual deficit      EUR            249,394.37

  Items between shareholders' equity and

  debt capital                           EUR            186,590.00

   Allowances / bonuses                  EUR            186,590.00

  Provisions                             EUR          1,486,594.19

  Liabilities                            EUR          3,978,762.69

   Financial debts                       EUR          1,414,751.71

    Liabilities due to banks             EUR          1,414,751.71

   Other liabilities                     EUR          2,564,010.98

    Unspecified other liabilities        EUR          2,564,010.98

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR          6,418,303.25

  Staff expenses                         EUR          2,444,133.45

   Wages and salaries                    EUR          2,035,392.87

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            408,740.58

  Total depreciation                     EUR            657,324.29

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            657,324.29

  Other operating expenses               EUR          2,975,307.84

  Operating result from continuing

  operations                             EUR            341,537.67

  Interest result (+/-)                  EUR             14,519.82

   Interest and similar income           EUR            110,994.87

   Interest and similar expenses         EUR             96,475.05

  Financial result (+/-)                 EUR             14,519.82

  Result from ordinary operations (+/-)  EUR            356,057.49

  Income tax / refund of income tax (+/-)EUR            -98,126.06

  Other taxes / refund of taxes          EUR             -8,537.06

  Tax (+/-)                              EUR           -106,663.12

  Annual surplus / annual deficit        EUR            249,394.37

 

 Type of balance

 sheet:               Company balance sheet

 Origin of the present

 balance sheet:       electronic German Federal Gazette

 

 Financial year:      01.10.2014 - 30.09.2015

 

 ASSETS                                  EUR         11,505,212.51

  Fixed assets                           EUR          2,481,534.00

   Intangible assets                     EUR              5,059.00

   Tangible assets                       EUR          2,443,549.00

    Plant / machinery                    EUR          2,023,055.00

    Other tangible assets / fixtures and

    fittings                             EUR            404,344.00

    Advance payments made / construction

    in progress                          EUR             16,150.00

   Financial assets                      EUR             32,926.00

    Shares in participations /

    subsidiaries and the like            EUR             32,926.00

     Shares in related companies         EUR             32,926.00

  Current assets                         EUR          8,962,997.96

   Stocks                                EUR          1,439,707.80

   Accounts receivable                   EUR          5,684,420.72

   Liquid means                          EUR          1,838,869.44

  Remaining other assets                 EUR             60,680.55

   Accruals (assets)                     EUR             60,680.55

 

 LIABILITIES                             EUR         11,505,212.51

  Shareholders' equity                   EUR          6,905,863.18

   Capital                               EUR            103,150.00

    Subscribed capital (share capital)   EUR            103,150.00

   Reserves                              EUR          1,969,541.61

    Capital reserves                     EUR          1,969,541.61

   Balance sheet profit/loss (+/-)       EUR          4,833,171.57

    Profit / loss brought forward        EUR          4,704,420.71

    Annual surplus / annual deficit      EUR            128,750.86

  Items between shareholders' equity and

  debt capital                           EUR            259,315.00

   Allowances / bonuses                  EUR            259,315.00

  Provisions                             EUR          1,654,915.16

  Liabilities                            EUR          2,685,119.17

   Financial debts                       EUR            608,699.99

    Liabilities due to banks             EUR            608,699.99

   Other liabilities                     EUR          2,076,419.18

    Unspecified other liabilities        EUR          2,076,419.18

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR          6,247,814.68

  Staff expenses                         EUR          2,334,359.25

   Wages and salaries                    EUR          1,900,502.00

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            433,857.25

  Total depreciation                     EUR            636,285.19

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            636,285.19

  Other operating expenses               EUR          3,107,273.64

  Operating result from continuing

  operations                             EUR            169,896.60

  Interest result (+/-)                  EUR             34,666.17

   Interest and similar income           EUR            117,016.63

   Interest and similar expenses         EUR             82,350.46

  Financial result (+/-)                 EUR             34,666.17

  Result from ordinary operations (+/-)  EUR            204,562.77

  Income tax / refund of income tax (+/-)EUR            -66,719.23

  Other taxes / refund of taxes          EUR             -9,092.68

  Tax (+/-)                              EUR            -75,811.91

  Annual surplus / annual deficit        EUR            128,750.86

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.14

UK Pound

1

INR 89.50

Euro

1

INR 79.43

Euro

1

INR 78.65

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRA

 

 

Report Prepared by :

KET

 

 

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.