|
|
|
MIRA INFORM REPORT
|
Report No. : |
489936 |
|
Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
HEINZ
STEGMEIER, HS-HEIZELEMENTE GMBH |
|
|
|
|
Registered Office : |
Annastr. 27 D 78567
Fridingen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
14.02.1973 |
|
|
|
|
Com. Reg. No.: |
HRB 450152 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Manufacture of other
electric equipment n.e.c.
|
|
|
|
|
No. of Employees : |
29 |
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
Heinz Stegmeier,
HS-Heizelemente GmbH
Annastr. 27
D 78567 Fridingen
Telephone:07463/9949-0
Telefax: 07463/9949-20
Homepage:
www.hs-heizelemente.de
E-mail: info@hs-heizelemente.de
Company
Status
Active
VAT no.
DE142929620
CONCLUSION
Business relations are permissible.
Company
summery
LEGAL FORM Private
limited company
Date of foundation: 14.02.1973
Shareholders'
agreement: 06.12.1974
Registered on: 16.01.1975
Commercial Register: Local court 70190 Stuttgart
under: HRB
450152
Share capital: EUR 102,258.38
Shareholder:
Beatrix Stegmeier-Staub
Mühlstr. 2
D 78567 Fridingen
born: 28.11.1964
Share: EUR 51,129.19
Shareholder:
Brigitte Baur
Klippeneckstr. 18
D 78532 Tuttlingen
Share: EUR 51,129.19
Manager:
Beatrix Stegmeier-Staub
Mühlstr. 2
D 78567 Fridingen
having sole power of
representation
born: 28.11.1964
Profession: Businessman
Marital status: unknown
Proxy:
Thomas Baur
D 78567 Fridingen
born: 20.11.1972
COMPANY
HISTORY
company name and legal form
14.02.1973 - 15.01.1975 Heinz Stegmaier
D 78567 Fridingen
Sole proprietorship
BUSINESS
ACTIVITIES
Main industrial sector
25210
Manufacture of central heating radiators and boilers
27900 Manufacture of other electric equipment
n.e.c.
46742 Wholesale of plumbing and heating equipment
and supplies
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: Tenant
Address Annastr. 27
D 78567 Fridingen
Land register documents were not available.
BANKERS
COMMERZBANK, 78506 TUTTLINGEN
Sort. code: 69440007
BIC: COBADEFFXXX
DEUTSCHE BANK, 78506 TUTTLINGEN
Sort. code: 65370075
BIC: DEUTDESS653
FINANCIAL
FIGURES
Turnover: 2016 *EUR 4,495,000.00
2017 *EUR 4,495,000.00
further business figures:
Ac/ts receivable: EUR 130,509.00
Liabilities: EUR 485,835.00
Employees:
29
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 62.52
Liquidity ratio: 10.00
Return on total capital
[%]: 6.67
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio [%]: 63.83
Liquidity ratio: 2.01
Return on total capital
[%]: 2.92
Balance sheet ratios
01.01.2014 - 31.12.2014
Equity ratio [%]: 57.56
Liquidity ratio: 1.14
Return on total capital
[%]: 7.18
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: 53.65
Liquidity ratio: 0.95
Return on total capital
[%]: -1.36
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 1,612,244.60
Fixed assets EUR 180,608.79
Intangible assets EUR 5.00
Tangible assets EUR 180,603.79
Current assets EUR 1,430,441.19
Stocks EUR 924,129.63
Accounts receivable EUR 130,508.75
Liquid means
EUR 375,802.81
Remaining other assets EUR 1,194.62
Accruals (assets) EUR 1,194.62
LIABILITIES EUR 1,612,244.60
Shareholders' equity EUR 793,980.51
Capital EUR 102,258.38
Subscribed capital (share capital) EUR 102,258.38
Reserves EUR 627,751.01
Retained earnings / revenue reserves
EUR 627,751.01
Balance sheet profit/loss (+/-) EUR 63,971.12
Balance sheet profit / loss EUR 63,971.12
Provisions EUR 332,429.00
Liabilities EUR 485,835.09
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 1,521,991.92
Fixed assets EUR 249,232.29
Intangible assets EUR 5.00
Tangible assets EUR 249,227.29
Current assets EUR 1,272,759.63
Stocks EUR 1,018,085.97
Accounts receivable EUR 120,616.56
Liquid means EUR 134,057.10
LIABILITIES EUR 1,521,991.92
Shareholders' equity EUR 686,485.72
Capital EUR 102,258.38
Subscribed capital (share capital) EUR 102,258.38
Reserves EUR 549,108.17
Retained earnings / revenue reserves
EUR 549,108.17
Balance sheet profit/loss (+/-) EUR 35,119.17
Balance sheet profit / loss EUR 35,119.17
Provisions EUR 356,464.00
Liabilities EUR 479,042.20
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.16 |
|
|
1 |
INR 89.19 |
|
Euro |
1 |
INR 78.75 |
|
Euro |
1 |
INR 78.99 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
TRU |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.