MIRA INFORM REPORT

 

 

Report No. :

491632

Report Date :

12.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

HEIMERLE + MEULE GMBH

 

 

Registered Office :

Dennigstr. 16, D 75179 Pforzheim

 

 

Country :

Germany

 

 

Date of Incorporation :

1845

 

 

Com. Reg. No.:

HRB 500126

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Precious metals production

·         Other non-ferrous metal production

·         Manufacutre of technical instruments and supplies for medical purposesn.e.c.

·         Wholesale of medical and orthopedic goods, dental and laboratory supplies

 

 

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 :

Slow but correct

 

 

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 & address

 

HEIMERLE + MEULE GMBH

 

 Company Status:         active

                                    Dennigstr. 16

                                    D 75179 Pforzheim

                                    Telephone:07231/940-0

                                    Telefax:  07231/940-2199

                                    Homepage: www.heimerle-meule.com

                                    E-mail:   info@Heimerle-Meule.com

 

 VAT no.:                      DE811137767

 

 

CONCLUSION

 

 Business relations are permissible.

 

 LEGAL FORM           Private Limited Company

 Date of foundation:  1845

 Shareholders'

 agreement:           10.10.1960

 Registered on:       04.11.1960

 Commercial Register: Local court 68159 Mannheim

 under:               HRB 500126

 

 Share capital:                          EUR         10,000,000.00

 

 Shareholder:

                      L. Possehl & Co. mit beschränkter Haftung

                      Beckergrube 38-52

                      D 23552 Lübeck

                      Post Box:

                      16 84, D 23505 Lübeck

                      Legal form: Private limited company

                      Share capital:     EUR         30,678,000.00

                      Share:             EUR         10,000,000.00

                      Registered on: 11.02.1915

                      Reg. data: 23568 Lübeck, HRB 9 HL

                      Control and profit transfer agreement

 Manager:

                      Thomas Frey

                      D 77761 Schiltach

                      born: 15.03.1960

 Manager:

                      Georg Steiner

                      D 75179 Pforzheim

                      born: 11.01.1966

 Proxy:

                      Detlef Schröder

                      D 66271 Kleinblittersdorf

                      authorized to jointly represent the company

                      born: 22.09.1964

 Proxy:

                      Timo Müller

                      D 75210 Keltern

                      authorized to jointly represent the company

                      born: 02.08.1974

 Proxy:

                      Thomas Klinger

                      D 75334 Straubenhardt

                      authorized to jointly represent the company

                      born: 15.04.1965

 

 

COMPANY HISTORY

 

 company name and legal form

 04.11.1960 - 07.03.2002  Heimerle & Meule GmbH Gold- und

                          Silberscheideanstalt

                          Dennigstr. 16

                          D 75179 Pforzheim

                          Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 06.11.2013 - 13.07.2015  Manager

                          Dr. Peter Reinhard Dorner

                          Hauffstr. 3

                          D 75175 Pforzheim

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 2441    Precious metals production

24450   Other non-ferrous metal production

32501   Manufacutre of technical instruments and supplies for medical purposesn.e.c.

46462   Wholesale of medical and orthopedic goods, dental and laboratory supplies

 

 

FINANCIAL INFORMATION

 

Payment experience:  Slow but correct

 

 Negative information: We have no negative information at hand.

 

PMI:               No significant / relevant payment experience

                      information pertaining to the company

                      inquired upon is shown in the Deutscher

                      Debitoren Monitor (DDMonitor).

 

 

REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Dennigstr. 16

                      D 75179 Pforzheim

 Type of real estate: residential and business location

 Value at selling price:                 EUR          6,000,000.00

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 DEUTSCHE BANK, 75104 PFORZHEIM

 Sort. code: 66670006

 BIC: DEUTDESM666

 

 Further banks

 COMMERZBANK, 75172 PFORZHEIM

 Sort. code: 66640035

 BIC: COBADEFFXXX

 SPARKASSE PFORZHEIM CALW, 75172 PFORZHEIM

 Sort. code: 66650085

 BIC: PZHSDE66XXX

 VOLKSBANK PFORZHEIM, 75172 PFORZHEIM

 Sort. code: 66690000

 BIC: VBPFDE66XXX

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Share capital:                          EUR         10,000,000.00

 The number of employees is not known.

 

 Control and profit transfer agreement to:

                      L. Possehl & Co. mit beschränkter Haftung

                      Beckergrube 38-52

                      D 23552 Lübeck

                      Post Box:

                      16 84, D 23505 Lübeck

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.37

UK Pound

1

INR 89.71

Euro

1

INR 78.89

EUR

1

INR 78.94

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

TPT

 

 

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)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.