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MIRA INFORM REPORT
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Report No. : |
494766 |
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Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
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Name : |
HAHL FILAMENTS GMBH |
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Registered Office : |
Rottenacker
Str. 2-18,D 89597 Munderkingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
29.05.1998 |
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Com. Reg. No.: |
HRB 490533 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Manufacture of other plastic products ·
Wholesale of chemical products ·
Engineering activities in the field of technical
sectoral planning andengineering design ·
Other research and experimental development on
natural sciences and engineering |
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No. of Employees : |
173 |
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 : |
Slow but Correct |
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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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
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.
|
Source
: CIA |
Company
name and address
Report
on: Hahl Filaments GmbH
Rottenacker
Str. 2-18
D
89597 Munderkingen
Telephone:07393/530
Telefax: 07393/53220
Homepage:
www.hahl-pedex.com
E-mail:
hahl.de@hahl-pedex.com
Company
Status: active
VAT
no.: DE813861124
Company
summery
LEGAL
FORM Private limited company
Date
of foundation: 1998
Shareholders'
agreement: 29.05.1998
Registered
on: 14.04.1999
Commercial
Register: Local court 89073 Ulm
under: HRB 490533
Share
capital:
EUR 25,600.00
Shareholder:
Hahl Group GmbH
Rottenacker Str. 2-18
D 89597 Munderkingen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 25,600.00
Registered on: 07.07.2003
Reg. data: 89073 Ulm, HRB
490632
Control and profit
transfer agreement
Manager:
Gernot Egretzberger
Maronstr. 2
D 81373 München
born: 24.01.1977
Manager:
Florian Kisling
D 64839 Münster
born: 18.09.1971
Manager:
Michael Thomas Holzmann
D 72631 Aichtal
born: 01.07.1964
Proxy:
Andreas Hilmar Fischer
D 86399 Bobingen
authorized to jointly
represent the company
born: 23.07.1961
Proxy:
Matthias Kreye
D 80336 München
authorized to jointly
represent the company
born: 06.03.1978
Proxy:
Ralf Hellinger
D 91330 Eggolsheim
authorized to jointly
represent the company
born: 20.06.1969
Proxy:
Alexander Sperrle
D 88471 Laupheim
authorized to jointly represent the
company
born: 27.06.1967
Further
functions/participations of Gernot Egretzberger (Manager)
Manager:
Pedex GmbH
Hauptstraße Nord 67
D 69483 Wald-Michelbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 12.06.2007
Reg. data: 64283 Darmstadt, HRB 85948
Manager:
Perlon Nextrusion Monofil
GmbH
Max-Fischer-Str. 11
D 86399 Bobingen
Legal form: Private
limited company
Share capital: EUR
28,121,100.00
Registered
on: 06.04.1989
Reg. data: 86150 Augsburg, HRB 18513
Manager:
Hahl Group GmbH
Rottenacker Str. 2-18
D 89597 Munderkingen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 07.07.2003
Reg. data: 89073 Ulm, HRB 490632
Manager:
Perlon-Monofil GmbH
CHEMPARK Dormagen Geb. F18
D 41538 Dormagen
Post Box:
10 01 42, D 41519 Dormagen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.03.2005
Reg. data: 41460 Neuss, HRB 13325
Manager:
Perlon GmbH
Rottenacker Str. 2-18
D 89597 Munderkingen
Legal form: Private
limited company
Share capital: EUR 33,333.00
Registered
on: 28.04.2016
Reg. data: 89073 Ulm, HRB 733476
Further
functions/participations of Florian Kisling (Manager)
Manager:
Pedex GmbH
Hauptstraße Nord 67
D 69483 Wald-Michelbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 12.06.2007
Reg. data: 64283 Darmstadt, HRB 85948
Manager:
Perlon Nextrusion Monofil
GmbH
Max-Fischer-Str. 11
D 86399 Bobingen
Legal form: Private
limited company
Share capital: EUR
28,121,100.00
Registered
on: 06.04.1989
Reg. data: 86150 Augsburg, HRB 18513
Manager:
Hahl Verwaltungsgesellschaft
mbH
Rottenacker Str. 2-18
D 89597 Munderkingen
Legal form: Private
limited company
Share capital: EUR 25,600.00
Registered
on: 21.04.1999
Reg. data: 89073 Ulm, HRB 490534
Manager:
Perlon-Monofil GmbH
CHEMPARK Dormagen Geb. F18
D 41538 Dormagen
Post Box:
10 01 42, D 41519 Dormagen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.03.2005
Reg. data: 41460 Neuss, HRB 13325
Manager:
Hahl Group GmbH
Rottenacker Str. 2-18
D 89597 Munderkingen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 07.07.2003
Reg. data: 89073 Ulm, HRB 490632
Manager:
PEDEX
Grundstücksgesellschaft GmbH
Hauptstraße Süd 67
D 69483 Wald-Michelbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 24.07.2007
Reg. data: 64283 Darmstadt, HRB 86067
Manager:
Perlon GmbH
Rottenacker Str. 2-18
D 89597 Munderkingen
Legal form: Private
limited company
Share capital: EUR 33,333.00
Registered
on: 28.04.2016
Reg. data: 89073 Ulm, HRB 733476
Manager:
Erwin Hahl,
Unterstützungskasse,
Gesellschaft mit
beschränkter Haftung
Rottenacker Str. 2
D 89597 Munderkingen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 11.12.1953
Reg. data: 89073 Ulm, HRB 490110
Member
of the Board of Directors:
Industrievereinigung
Chemiefaser e.V.
Mainzer Landstr. 55
D 60329 Frankfurt
Legal form: Registered
association
Registered
on: 24.10.1955
Reg. data: 60313 Frankfurt, VR 4168
Further
functions/participations of Michael Thomas Holzmann
(Manager)
Manager:
Perlon Nextrusion Monofil
GmbH
Max-Fischer-Str. 11
D 86399 Bobingen
Legal form: Private limited company
Share capital: EUR
28,121,100.00
Registered
on: 06.04.1989
Reg. data: 86150 Augsburg, HRB 18513
Manager:
Hahl Verwaltungsgesellschaft mbH
Rottenacker Str. 2-18
D 89597 Munderkingen
Legal form: Private
limited company
Share capital: EUR 25,600.00
Registered
on: 21.04.1999
Reg. data: 89073 Ulm, HRB 490534
Manager:
PEDEX
Grundstücksgesellschaft GmbH
Hauptstraße Süd 67
D 69483 Wald-Michelbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 24.07.2007
Reg. data: 64283 Darmstadt, HRB 86067
Manager:
Perlon-Monofil GmbH
CHEMPARK Dormagen Geb. F18
D 41538 Dormagen
Post Box:
10 01 42, D 41519 Dormagen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 17.03.2005
Reg. data: 41460 Neuss, HRB 13325
Manager:
Perlon GmbH
Rottenacker Str. 2-18
D 89597 Munderkingen
Legal form: Private
limited company
Share capital: EUR 33,333.00
Registered
on: 28.04.2016
Reg. data: 89073 Ulm, HRB 733476
Manager:
Hahl Group GmbH
Rottenacker Str. 2-18
D 89597 Munderkingen
Legal form: Private limited company
Share capital: EUR 30,000.00
Registered
on: 07.07.2003
Reg. data: 89073 Ulm, HRB 490632
Manager:
Erwin Hahl, Unterstützungskasse,
Gesellschaft mit
beschränkter Haftung
Rottenacker Str. 2
D 89597 Munderkingen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 11.12.1953
Reg. data: 89073 Ulm, HRB 490110
Proxy:
Pedex GmbH
Hauptstraße Nord 67
D 69483 Wald-Michelbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 12.06.2007
Reg. data: 64283 Darmstadt, HRB 85948
Proxy:
Rapp Vermögensverwaltung
oHG
Wolfschluger Str. 40
D 72631 Aichtal
Legal form: General
Partnership
Registered
on: 06.11.2015
Reg. data: 70190 Stuttgart, HRA 731517
COMPANY
HISTORY
company
name and legal form
21.04.1999
- 08.03.2004 SFI Verwaltungsgesellschaft
mbH
Rottenacker Str. 2-18
D 89597 Munderkingen
Private limited
company
10.08.1998
- 21.04.1999 SFI Verwaltungsgesellschaft
mbH
Taunusanlage 11
D 60329 Frankfurt
Private limited
company
BUSINESS
ACTIVITIES
Main
industrial sector
22290 Manufacture of other plastic products
46750 Wholesale of chemical products
Secondary
industrial sector
71122 Engineering activities in the field of
technical sectoral planning andengineering design
72190 Other research and experimental development
on natural sciences and engineering
FINANCIAL
INFORMATION
Payment
experience: within periods customary in
this trade
Negative
information:We have no negative information at hand.
Balance
sheet year: 2015
REAL
ESTATE
Type
of ownership: Tenant
Address Rottenacker Str. 2-18
D 89597 Munderkingen
Land
register documents were not available.
BANKERS
A
bank connection is unknown.
FINANCIAL
FIGURES
Equipment: EUR 548,459.00
Ac/ts
receivable:
EUR 1,919,955.00
Liabilities: EUR 11,578,462.00
Employees:
173
-
thereof permanent staff: 152
-
Trainees:
10
-
Temporary workers: 11
Control
and profit transfer agreement to:
Hahl Group GmbH
Rottenacker Str. 2-18
D 89597 Munderkingen
BALANCE
SHEETS
Balance
sheet ratios 01.01.2015 - 31.12.2015
Equity
ratio [%]: 5.76
Liquidity
ratio: 0.12
Return
on total capital [%]: 8.45
Balance
sheet ratios 01.01.2014 - 31.12.2014
Equity
ratio [%]: -0.41
Liquidity
ratio: 0.15
Return
on total capital [%]: 7.16
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 1.93
Liquidity
ratio: 0.20
Return
on total capital [%]: 1.31
Balance
sheet ratios 01.01.2012 - 31.12.2012
Equity
ratio [%]: 1.95
Liquidity
ratio: 0.19
Return
on total capital [%]: 0.33
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.
Financials
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 12,908,604.34
Fixed assets EUR 4,194,050.69
Intangible assets EUR 328,054.00
Concessions, licences, rights EUR 251,600.00
Goodwill EUR 76,454.00
Tangible assets EUR 1,669,360.85
Plant / machinery EUR 1,096,560.00
Other tangible assets / fixtures and
fittings EUR 548,459.00
Advance payments made / construction
in progress EUR 24,341.85
Financial assets EUR 2,196,635.84
Loans to participations /
subsidiaries and the like EUR 2,195,035.84
Loans to related companies EUR 2,195,035.84
Securities included in fixed assets EUR 1,600.00
Current assets EUR 8,679,653.65
Stocks EUR 6,426,608.62
Raw materials, consumables and
supplies EUR 1,945,659.72
Finished goods / work in progress EUR
4,480,948.90
Accounts receivable EUR 1,919,955.29
Trade
debtors EUR 1,198,643.40
Amounts due from related companies EUR 4,455.32
Other debtors and assets EUR 716,856.57
Liquid means EUR 333,089.74
Remaining other assets EUR 34,900.00
Accruals (assets) EUR 34,900.00
LIABILITIES EUR 12,908,604.34
Shareholders' equity EUR 399,061.73
Capital EUR 25,600.00
Subscribed capital (share capital) EUR 25,600.00
Reserves EUR 373,461.73
Capital reserves EUR 373,461.73
Provisions EUR 931,080.77
Other / unspecified provisions EUR 931,080.77
Liabilities EUR 11,578,461.84
thereof total due to shareholders EUR 1,029,873.82
Financial debts EUR 2,367,500.00
Liabilities due to banks EUR 2,367,500.00
Other liabilities EUR 9,210,961.84
Trade creditors (for IAS incl. bills
of exchange) EUR 772,744.38
Liabilities from received advance
payments EUR 3,450.12
Liabililties due to related
companiesEUR 8,182,957.37
Unspecified other liabilities EUR 251,809.97
thereof liabilities from tax /
financial authorities EUR 66,892.74
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 27,448,612.84
Inventory change + own costs (+/-) EUR 459,393.62
Inventory change (+/-) EUR 382,380.32
Capitalised own costs EUR 77,013.30
Other operating income EUR 1,247,899.00
Cost of materials EUR 14,537,783.54
Raw materials and supplies, purchased
goods EUR 13,443,387.52
Purchased services EUR 1,094,396.02
Gross result (+/-) EUR 14,618,121.92
Staff expenses EUR 8,322,871.84
Wages and salaries EUR 6,858,257.14
Social security contributions and
expenses for pension plans and
benefits EUR 1,464,614.70
Total depreciation EUR 677,912.17
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 677,912.17
Other operating expenses EUR 4,238,929.90
Operating result from continuing
operations EUR 1,378,408.01
Interest result (+/-) EUR -356,129.48
Interest and similar income EUR 1,074.08
Interest and similar expenses EUR 357,203.56
thereof paid to related companies EUR 222,386.51
Other financial result EUR 11,850.29
Income from securities and loans from
financial assets EUR 11,850.29
thereof related companies EUR 11,850.29
Financial result (+/-) EUR -344,279.19
Result from ordinary operations (+/-) EUR
1,034,128.82
Expenses for transfer of profits to a
parent company EUR 1,029,873.82
Other taxes / refund of taxes EUR -4,255.00
Tax (+/-) EUR -4,255.00
Annual surplus / annual deficit EUR 0.00
Type
of balance
sheet: Company balance sheet
Origin
of the present
balance
sheet: self-disclosure
Financial
year: 01.01.2014 - 31.12.2014
ASSETS EUR 12,663,232.12
Fixed assets EUR 3,747,607.16
Intangible assets EUR 473,753.00
Concessions, licences, rights
EUR 371,085.00
Goodwill EUR 102,668.00
Tangible assets EUR 1,978,859.70
Plant / machinery EUR 1,391,973.00
Other tangible assets / fixtures and
fittings EUR 526,211.00
Advance payments made / construction
in progress EUR 60,675.70
Financial assets EUR
1,294,994.46
Loans to participations /
subsidiaries and the like EUR 1,293,394.46
Loans to related companies EUR 1,293,394.46
Securities included in fixed assets EUR 1,600.00
Current assets EUR 8,914,925.38
Stocks EUR 6,115,030.72
Raw materials, consumables and
supplies EUR 2,155,355.68
Finished goods / work in progress EUR
3,959,675.04
Accounts receivable EUR 2,671,304.74
Trade debtors EUR 926,272.53
Amounts due from related companies EUR
1,085,596.60
Other debtors and assets EUR 659,435.61
Liquid means EUR 128,589.92
Remaining other assets EUR 699.58
Accruals (assets) EUR 699.58
LIABILITIES EUR 12,663,232.12
Shareholders' equity EUR 399,061.73
Capital EUR 25,600.00
Subscribed capital (share capital) EUR 25,600.00
Reserves EUR 373,461.73
Capital reserves EUR 373,461.73
Balance sheet profit/loss (+/-) EUR 0.00
Annual surplus / annual deficit EUR 0.00
Provisions EUR 923,806.28
Other / unspecified provisions EUR 923,806.28
Liabilities EUR 11,340,364.11
Financial debts EUR 3,312,500.00
Liabilities due to banks EUR 3,312,500.00
Other liabilities EUR 8,027,864.11
Trade creditors (for IAS incl. bills
of exchange) EUR 639,573.27
Liabilities from received advance
payments EUR 5,479.60
Liabililties due to related
companiesEUR 6,951,756.90
Unspecified other liabilities EUR 431,054.34
thereof liabilities from tax /
financial authorities EUR 128,519.74
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 27,266,023.82
Inventory change + own costs (+/-) EUR 275,779.07
Inventory change (+/-) EUR 149,777.12
Capitalised own costs EUR 126,001.95
Other operating income EUR 1,178,166.26
Cost of materials EUR 14,559,741.97
Raw materials and supplies, purchased
goods EUR 13,448,749.88
Purchased services EUR 1,110,992.09
Gross result (+/-) EUR 14,160,227.18
Staff expenses EUR 8,286,067.17
Wages and salaries EUR 6,831,852.24
Social security contributions and
expenses for pension plans and
benefits
EUR 1,454,214.93
Total depreciation EUR 647,705.44
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 647,705.44
Other operating expenses EUR 4,032,723.19
Operating result from continuing
operations EUR 1,193,731.38
Interest result (+/-) EUR -412,377.75
Interest and similar income EUR 1,606.98
Interest and similar expenses EUR 413,984.73
thereof paid to related companies EUR 247,684.61
Other financial result EUR 39,031.04
Income from securities and loans from
financial assets EUR 39,031.04
thereof related companies EUR 39,031.04
Financial result (+/-) EUR -373,346.71
Result from ordinary operations (+/-) EUR
820,384.67
Expenses for transfer of profits to a
parent company EUR 816,720.67
Other taxes / refund of taxes EUR -3,664.00
Tax (+/-) EUR -3,664.00
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
|
Euro |
1 |
INR 79.70 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.