MIRA INFORM REPORT

 

 

Report No. :

493098

Report Date :

27.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

HOMAG GMBH

 

 

Registered Office :

Homagstr. 3-5, D 72296 Schopfloch

 

 

Country :

Germany

 

 

Date of Incorporation :

01.01.1960

 

 

Com. Reg. No.:

HRB 735174

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Manufacture of other special-purpose machinery n.e.c.

·         Repair of machinery

·         Wholesale of mining, construction and civil engineering machinery

·         Engineering activities in the field of technical sectoral planning andengineering 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 :

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

(30.09.2017)

Current Rating

(31.12.2017)

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 

 

HOMAG GMBH

 

Company Status:          Active

                                    Homagstr. 3-5

                                    D 72296 Schopfloch

                                    Telephone:07443/13-0

                                    Telefax:  07443/13-2300

                                    Homepage: www.homag.de

                                     E-mail:   info@homag.de

 

 VAT no.:                      DE144251939

 Tax ID number:             5001/18496

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Compsny summary

 

 LEGAL FORM              Private limited company

 Date of foundation:      01.01.1960

 Shareholders'

 agreement:                   03.09.2010

 Registered on:             06.10.2010

 Commercial Register:   Local court 70190 Stuttgart

 under:                          HRB 735174

 

 

Share capital               

 

 EUR                            30,001,000.00

 

 Shareholder:

                      Homag Group AG

                      Homagstr. 3-5

                      D 72296 Schopfloch

                      Legal form: Public limited company

                      Share capital:     EUR         15,688,000.00

                      Share:             EUR         30,001,000.00

                      Registered on: 22.11.1999

                      Reg. data: 70190 Stuttgart, HRB 440649

 Manager:

                      Ulrich Schmitz

                      Im Knieslen 44

                      D 72296 Schopfloch

                      authorized to jointly represent the company

                      born: 11.11.1957

 Manager:

                      Michael Stotz

                      D 72336 Balingen

                      authorized to jointly represent the company

                      born: 21.08.1976

 Manager:

                      Tobias Schaible

                      D 33378 Rheda-Wiedenbrück

                      born: 08.01.1968

 Manager:

                      Dr. Michael Merz

                      Ostlandstr. 15

                      D 69207 Sandhausen

                      born: 27.12.1963

                      Profession: graduate engineer

                      Marital status: unknown

 Manager:

                      Dr. Markus Vöge

                      D 86911 Dießen

                      born: 01.02.1965

 President of the Supervisory Board:

                      Dr.Ing. Markus Flik

                      D 72296 Schopfloch

                      Marital status: unknown

 Member of the Supervisory Board:

                      Reinhard Löffler

                      D 71263 Weil der Stadt

                      born: 14.08.1944

 Member of the Supervisory Board:

                      Freiherr Wilhelm Dieter Haller von

                      Hallerstein

                      D 50668 Köln

                      born: 18.04.1952 in München

                      born: Trey

                      Profession: Bank manager

 Member of the Supervisory Board:

                      Klaus Bukenberger

                      Spannstattstr. 50

                      D 77773 Schenkenzell

                      born: 25.12.1957

                      Profession: Fully qualified economic

                      engineer

 Member of the Supervisory Board:

                      Ralf Hengel

                      D 72250 Freudenstadt

 Member of the Supervisory Board:

                      Dr. Jochen Berninghaus

                      Kronenburgallee 5

                      D 44139 Dortmund

                      Profession: Solicitor

 Representative of the Employees within the Supervisory Board:

                      Hans Joachim Sander

                      D 32756 Detmold

 Representative of the Employees within the Supervisory Board:

                      Franz Hipp

                      D 72296 Schopfloch

                      Profession: Mechanical engineer

 Representative of the Employees within the Supervisory Board:

                      Reiner Neumeister

                      D 75365 Calw

 Representative of the Employees within the Supervisory Board:

                      Hannelore Knowles

                      D 75365 Calw

 Representative of the Employees within the Supervisory Board:

                      Jochen Meyer

                      D 33442 Herzebrock-Clarholz

 Representative of the Employees within the Supervisory Board:

                      Reinhard Seiler

                      D 32756 Detmold

 Proxy:

                      Uwe Jonas

                      Karl-Berner-Str. 8

                      D 72285 Pfalzgrafenweiler

                      authorized to jointly represent the company

                      born: 20.09.1960

                      Profession: Businessman

                      Marital status: married

 Proxy:

                      Ralf Stürzel

                      D 77746 Schutterwald

                      authorized to jointly represent the company

                      born: 23.08.1961

 Proxy:

                      Ernst Esslinger-Wöhrle

                      D 72275 Alpirsbach

                      authorized to jointly represent the company

                      born: 18.03.1959

 Proxy:

                      Günter Mutschler

                      Amselweg 24

                      D 72172 Sulz

                      authorized to jointly represent the company

                      born: 03.09.1964

 Proxy:

                      Siegfried Weil

                      D 72160 Horb

                      authorized to jointly represent the company

                      born: 24.04.1951

 Proxy:

                      Stefan Zapfe

                      D 33098 Paderborn

                      authorized to jointly represent the company

                      born: 11.05.1966

 Proxy:

                      Thomas Friedrich Klett

                      D 72411 Bodelshausen

                      authorized to jointly represent the company

                      born: 16.05.1965

 Proxy:

                      Udo Mauerer

                      D 72280 Dornstetten

                      authorized to jointly represent the company

                      born: 25.05.1964

 Proxy:

                      Axel Bastisch

                      D 69190 Walldorf

                      authorized to jointly represent the company

                      born: 14.10.1969

 Proxy:

                      Christian Schürle

                      D 32105 Bad Salzuflen

                      authorized to jointly represent the company

                      born: 02.02.1970

 Proxy:

                      Michael Haist

                      Römerstr. 15

                      D 72280 Dornstetten

                      authorized to jointly represent the company

                      born: 16.08.1978

 Proxy:

                      Arash Esbati

                      Kyllburger Str. 8

                      D 50937 Köln

                      authorized to jointly represent the company

                      born: 21.09.1971

 Proxy:

                      Achim Homeier

                      D 72285 Pfalzgrafenweiler

                      authorized to jointly represent the company

                      born: 21.08.1964

 Proxy:

                      Martin Wennagel

                      D 72280 Dornstetten

                      authorized to jointly represent the company

                      born: 05.10.1963

 Proxy:

                      Robert Zeller

                      D 72175 Dornhan

                      authorized to jointly represent the company

                      born: 09.06.1964

 Proxy:

                      Achim Hohberger

                      D 72202 Nagold

                      authorized to jointly represent the company

                      born: 12.01.1978

 Proxy:

                      Dr. Sergej Schwarz

                      D 90402 Nürnberg

                      authorized to jointly represent the company

                      born: 13.01.1972

 

 Further functions/participations of Michael Stotz (Manager)

 Manager:

                      Torwegge Holzbearbeitungsmaschinen GmbH

                      Homagstr. 3-5

                      D 72296 Schopfloch

                      Legal form: Private limited company

                      Share capital:     EUR          1,600,000.00

                      Registered

                      on:         12.05.2016

                      Reg. data:  70190 Stuttgart, HRB 756760

 Manager:

                      HOMAG Finance GmbH

                      Homagstr. 3-5

                      D 72296 Schopfloch

                      Legal form: Private limited company

                      Share capital:     EUR          7,201,000.00

                      Registered

                      on:         11.12.1990

                      Reg. data:  70190 Stuttgart, HRB 440388

 Manager:

                      Futura GmbH

                      Homagstr. 3-5

                      D 72296 Schopfloch

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         25.02.2003

                      Reg. data:  70190 Stuttgart, HRB 440721

 Proxy:

                      Homag Group AG

                      Homagstr. 3-5

                      D 72296 Schopfloch

                      Legal form: Public limited company

                      Share capital:     EUR         15,688,000.00

                      Registered

                      on:         22.11.1999

                      Reg. data:  70190 Stuttgart, HRB 440649

 

 Further functions/participations of Dr. Michael Merz (Manager)

 Member of the Supervisory Board:

                      Heidelberg Postpress Deutschland GmbH

                      Gutenbergring 19

                      D 69168 Wiesloch

                      Legal form: Private limited company

                      Share capital:     EUR             52,000.00

                      Registered

                      on:         22.09.1999

                      Reg. data:  68159 Mannheim, HRB 337660

 

 Further functions/participations of Dr. Markus Vöge (Manager)

 Proxy:

                      Homag Group AG

                      Homagstr. 3-5

                      D 72296 Schopfloch

                      Legal form: Public limited company

                      Share capital:     EUR         15,688,000.00

                      Registered

                      on:         22.11.1999

                      Reg. data:  70190 Stuttgart, HRB 440649

 

 

COMPANY HISTORY

 

 Company name and legal form

 06.10.2010 - 26.07.2016  Homag Holzbearbeitungssysteme GmbH

                          Homagstr. 3-5

                          D 72296 Schopfloch

                          Private limited company

 05.07.2000 - 06.10.2010  Homag Holzbearbeitungssysteme AG

                          Homagstr. 3-5

                          D 72296 Schopfloch

                          Public limited company

 24.06.1987 - 04.07.2000  Homag Maschinenbau AG

                          Homagstr. 3-5

                          D 72296 Schopfloch

                          Public limited company

 01.01.1960 - 23.06.1987  Hornberger Maschinenbau GmbH & Co. KG

                          Homagstr. 5

                          D 72296 Schopfloch

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

14.11.2014 - 25.10.2016  Manager

                          Ulrich Walk

                          D 93047 Regensburg

26.08.2015 - 19.11.2015  Manager

                          Heinrich Sick

                          D 80331 München

23.01.2013 - 19.06.2015  Manager

                          Dr. Christian Compera

                          D 69250 Schönau

 

 

BUSINESS ACTIVITIES

 

Sectors

2899    Manufacture of other special-purpose machinery n.e.c.

3312    Repair of machinery

4663    Wholesale of mining, construction and civil engineering machinery

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

 

 

BRANCHES AND FACTORIES

 

Works:

                      HOMAG GmbH

                      Dieselstr. 73

                      D 33442 Herzebrock-Clarholz

                      TEL.: 05245/92200

                      FAX.: 05245/922046044

 Branch:

                      HOMAG GmbH

                      Carl-Zeiss-Str. 7

                      D 72250 Freudenstadt

                      TEL.: 07441/8609-0

 

 

PARTICIPATIONS

 

Shareholder

                      HOMAG Finance GmbH

                      Homagstr. 3-5

                      D 72296 Schopfloch

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          7,201,000.00

                      Share:             EUR          7,201,000.00

                      Reg. data:  11.12.1990

                                  Local court 70190 Stuttgart

                                  HRB 440388

 Shareholder:

                      HOMAG Automation GmbH

                      Ligmatech Str. 1

                      D 09638 Lichtenberg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          6,650,000.00

                      Share:             EUR          6,650,000.00

                      Reg. data:  29.07.1990

                                  Local court 09112 Chemnitz

                                  HRB 519

 Shareholder:

                      SCHULER Consulting GmbH

                      Karl-Berner-Str. 4

                      D 72285 Pfalzgrafenweiler

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          5,150,000.00

                      Share:             EUR          4,841,000.00

                      Reg. data:  09.12.2010

                                  Local court 70190 Stuttgart

                                  HRB 735761

 Shareholder:

                      HOMAG Plattenaufteiltechnik GmbH

                      Holzmastr. 3

                      D 75365 Calw

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          5,600,000.00

                      Share:             EUR          3,050,000.00

                      Reg. data:  30.05.1984

                                  Local court 70190 Stuttgart

                                  HRB 330649

 Shareholder:

                      Weinmann Holzbausystemtechnik GmbH

                      Forchenstr. 50

                      D 72813 St. Johann

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          1,000,000.00

                      Share:             EUR            759,000.00

                      Reg. data:  12.12.1985

                                  Local court 70190 Stuttgart

                                  HRB 360644

 Shareholder:

                      Torwegge Holzbearbeitungsmaschinen GmbH

                      Homagstr. 3-5

                      D 72296 Schopfloch

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          1,600,000.00

                      Share:             EUR            639,250.00

                      Reg. data:  12.05.2016

                                  Local court 70190 Stuttgart

                                  HRB 756760

 Shareholder:

                      Futura GmbH

                      Homagstr. 3-5

                      D 72296 Schopfloch

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  25.02.2003

                                  Local court 70190 Stuttgart

                                  HRB 440721

 

 

FINANCIAL INFORMATION

 

Payment experience:  Within Agreed Terms

 

Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Carl-Zeiss-Str. 7

                      D 72250 Freudenstadt

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Homagstr. 3-5

                      D 72296 Schopfloch

 

 Real Estate of:      Dr. Michael Merz

 Type of ownership:   Tenant

 Address              Ostlandstr. 15

                      D 69207 Sandhausen

 

 Land register documents were not available.

 

 

BANKERS

 

Principal bank

 COMMERZBANK VILLINGEN U SCHWENNINGEN, 78002

 VILLINGEN-SCHWENNINGEN

 Sort. code: 69440007

 BIC: COBADEFFXXX

 

Further banks

 COMMERZBANK VORMALS DRESDNER BANK, 72232 FREUDENSTADT

 Sort. code: 60080000

 BIC: DRESDEFF600

 DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN, 71002 BÖBLINGEN

 Sort. code: 60070024

 BIC: DEUTDEDBSTG

 UNICREDIT BANK - HYPOVEREINSBANK, 70003 STUTTGART

 Sort. code: 60020290

 BIC: HYVEDEMM473

 POSTBANK, 70148 STUTTGART

 Sort. code: 60010070

 BIC: PBNKDEFFXXX

 

 

FINANCIAL FIGURES

 

Financial year:                                     01.01. - 31.12.

Share capital:                          EUR         30,001,000.00

 

The number of employees is not known.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.66

UK Pound

1

INR 90.65

Euro

1

INR 79.70

EUR

1

INR 79.95

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

NIT

 

 

 

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.