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MIRA INFORM REPORT
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Report No. : |
486816 |
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Report Date : |
22.01.2018 |
IDENTIFICATION DETAILS
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Name : |
HOMAG BOHRSYSTEME GMBH |
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Registered Office : |
Benzstr. 10-16, D 33442
Herzebrock-Clarholz |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
01.01.1972 |
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Com. Reg. No.: |
HRB 8323 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture
of instruments and appliances for measuring,
testing and navigation ·
Manufacture
of other general-purpose machinery n.e.c. ·
Manufacture
of other special-purpose machinery n.e.c. ·
Carpentry
and wood construction works |
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No. of Employees : |
712 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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.
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Source
: CIA |
Company
name and address
HOMAG
BOHRSYSTEME GMBH
Company Status: Active
Benzstr. 10-16
D 33442
Herzebrock-Clarholz
Telephone:05245/4450
Telefax: 05245/44544139
E-mail: info-herzebrock@homag.com
VAT no.: DE125350948
Tax ID number: 347/5888/1061
CONCLUSION
Business relations are permissible.
Company
Summary
LEGAL FORM Private
limited company
Date of foundation: 01.01.1972
Shareholders'
agreement: 04.12.1972
Registered on: 09.10.2009
Commercial Register: Local court 33330 Gütersloh
under: HRB
8323
Share
capital
EUR
17,550,000.00
Shareholder:
Homag Group AG
Homagstr. 3-5
D 72296 Schopfloch
Legal form: Public
limited company
Share capital: EUR
15,688,000.00
Share: EUR 17,550,000.00
Registered on:
22.11.1999
Reg. data: 70190
Stuttgart, HRB 440649
Manager:
Manfred Beuse
D 33602 Bielefeld
authorized to jointly
represent the company
born: 03.09.1958
Profession: Businessman
President of the Supervisory Board:
Franz-Peter Matheis
D 64859 Eppertshausen
born: 23.03.1967
Profession: Fully
qualified economic
engineer
Vice-president of the Supervisory Board:
Martina Herold
D 33442
Herzebrock-Clarholz
Marital status: unknown
Member
of the Supervisory Board:
Heiner Kudrus
D 86199 Augsburg
born: 08.04.1965
Marital status: unknown
Proxy:
Werner Düpjohann
D 33442 Herzebrock-Clarholz
authorized to jointly
represent the company
born: 02.05.1959
Profession: graduate
engineer
Proxy:
Stefan Zapfe
D 33098 Paderborn
authorized to jointly
represent the company
born: 11.05.1966
Proxy:
Arash Esbati
Kyllburger Str. 8
D 50937 Köln
authorized to jointly represent the
company
born: 21.09.1971
Proxy:
Christoph Holz
D 55296 Harxheim
authorized to jointly
represent the company
born: 08.08.1971
Proxy:
Markus Iserlohe
Leostr. 2
D 33142 Büren
authorized to jointly
represent the company
born: 30.07.1964
Further
functions/participations of Manfred Beuse (Manager)
Manager:
HOMAG Kantentechnik GmbH
Weststr. 2
D 32657 Lemgo
Legal form: Private
limited company
Share capital: EUR 4,000,000.00
Registered
on: 28.12.1972
Reg. data: 32657 Lemgo, HRB 1132
COMPANY
HISTORY
Company name and legal form
09.10.2009 - 28.02.2017 Weeke Bohrsysteme GmbH
Benzstr. 10-16
D 33442
Herzebrock-Clarholz
Private limited
company
18.09.2009 - 08.10.2009 Weeke Bohrsysteme GmbH
Schnatweg 10
D 32051 Herford
Private limited
company
20.11.2003 - 18.09.2009 MAW Montagetechnik GmbH
Schnatweg 10
D 32051 Herford
Private limited
company
31.05.2003 - 19.11.2003 MAW Nottmeyer GmbH Bohr- und
Montagetechnik
Schnatweg 10
D 32051 Herford
Private limited
company
15.11.2000 - 31.05.2003 MAW Nottmeyer GmbH Bohr- und
Montagetechnik
Engerstr. 175
D 32051 Herford
Private limited
company
16.04.1999 - 14.11.2000 MAW Nottmeyer GmbH
Engerstr. 175
D 32051 Herford
Private limited
company
27.01.1975 - 16.04.1999 MAW Maschinenbau GmbH
Engerstr. 175
D 32051 Herford
Private limited
company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
19.07.2010 - 04.01.2017 Manager
Tobias Schaible
D 33378
Rheda-Wiedenbrück
26.01.2015
- 30.08.2016 Member of the Supervisory
Board
Harald Klaus
Becker-Ehmck
D 71229 Leonberg
22.02.2014 - 30.08.2016 Member of the Supervisory Board
Hans-Dieter Schumacher
Griesstr. 6
D 78532 Tuttlingen
16.05.2013 - 02.05.2016 Manager
Frank Wegener
D 04029 Leipzig
BUSINESS
ACTIVITIES
Main
industrial sector
2651
Manufacture of instruments and appliances for measuring, testing and navigation
2829
Manufacture of other general-purpose machinery n.e.c.
2899
Manufacture of other special-purpose machinery n.e.c.
43912
Carpentry and wood construction works
FINANCIAL
INFORMATION
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2015
REAL
ESTATE
Type of Ownership: Proprietor
Share: 100.00 %
Address Benzstr.
10-16
D 33442 Herzebrock-Clarholz
Land register documents were not
available.
BANKERS
COMMERZBANK VORMALS DRESDNER BANK, 76275
ETTLINGEN
Sort. code: 66080052
BIC: DRESDEFF660
DEUTSCHE BANK, 70049 STUTTGART
Sort. code: 60070070
BIC: DEUTDESSXXX
VOLKSBANK BAD OEYNHAUSEN-HERFORD, 32049
HERFORD
Sort. code: 49490070
BIC: GENODEM1HFV
UNICREDIT BANK - HYPOVEREINSBANK, 79007
FREIBURG IM BREISGAU
Sort. code: 68020186
BIC: HYVEDEMM357
POSTBANK, 44131 DORTMUND
Sort. code: 44010046
BIC: PBNKDEFFXXX
KREISSPARKASSE WIEDENBRÜCK, 33373
RHEDA-WIEDENBRÜCK
Sort. code: 47853520
BIC: WELADED1WDB
FINANCIAL
FIGURES
Turnover: 2016 *EUR 150,900,000.00
Equipment: EUR 3,464,225.00
Ac/ts receivable: EUR 29,954,430.00
Liabilities: EUR 36,886,575.00
Employees:
712
-
thereof permanent staff: 665
-
Trainees:
47
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
BALANCE SHEETS
Balance
sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 45.26
Liquidity ratio: 0.88
Return on total capital [%]: 4.16
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 41.79
Liquidity ratio: 0.87
Return on total capital [%]: 0.29
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 50.29
Liquidity ratio: 1.43
Return on total capital [%]: 2.75
Balance
sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 43.58
Liquidity ratio: 1.23
Return on total capital [%]: 8.24
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: 01.01.2015 - 31.12.2015
ASSETS EUR 76,321,155.24
Fixed assets
EUR 17,206,449.18
Intangible assets
EUR 4,612,557.00
Concessions, licences, rights
EUR 1,927,977.00
Advance payments for intang. assets
EUR 2,684,580.00
Tangible assets
EUR 11,526,136.05
Land / similar rights
EUR 6,594,313.54
Plant / machinery
EUR 1,248,988.00
Other tangible assets / fixtures and
fittings
EUR 3,464,224.55
Advance payments made / construction
in progress
EUR 218,609.96
Financial assets
EUR 1,067,756.13
Shares in participations /
subsidiaries and the like
EUR 1,067,756.13
Shares in related companies
EUR 1,067,756.13
Current assets
EUR 59,106,069.69
Stocks
EUR 29,136,276.40
Raw materials, consumables and
supplies
EUR 5,242,606.08
Finished goods / work in progress
EUR 23,893,670.32
Accounts receivable
EUR 29,954,429.88
Trade debtors
EUR 4,297,708.91
Amounts due from related companies
EUR 24,132,679.11
Other
debtors and assets EUR 1,524,041.86
Liquid means
EUR 15,363.41
Remaining other assets
EUR 8,636.37
Accruals (assets)
EUR 8,636.37
LIABILITIES EUR 76,321,155.24
Shareholders' equity
EUR 31,788,170.04
Capital
EUR 17,550,000.00
Subscribed capital (share capital)
EUR 17,550,000.00
Reserves
EUR 8,789,188.73
Capital reserves
EUR 8,500,000.00
Retained earnings / revenue reserves EUR 289,188.73
Balance sheet profit/loss (+/-)
EUR 5,448,981.31
Balance sheet profit / loss
EUR 5,448,981.31
Provisions
EUR 7,646,410.52
Pension provisions and comparable
provisions
EUR 765,313.00
Other / unspecified provisions
EUR 6,881,097.52
Liabilities
EUR 36,886,574.68
Financial debts
EUR 80,816.20
Liabilities due to banks
EUR 80,816.20
Other liabilities
EUR 36,805,758.48
Trade creditors (for IAS incl. bills
of exchange)
EUR 5,168,070.70
Liabilities from received advance
payments EUR 10,183,696.77
Liabililties due to related companiesEUR 17,119,090.76
Unspecified other liabilities
EUR 4,334,900.25
thereof liabilities from tax /
financial authorities EUR 949,453.34
thereof liabilities from social
security
EUR 54,142.87
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 150,872,266.81
Inventory change + own costs (+/-)
EUR 3,290,205.32
Inventory change (+/-)
EUR 3,246,962.60
Capitalised own costs
EUR 43,242.72
Other operating income EUR 3,041,277.42
Cost of materials
EUR 86,102,752.35
Raw materials and supplies, purchased
goods
EUR 81,161,960.82
Purchased services
EUR 4,940,791.53
Gross result (+/-)
EUR 71,100,997.20
Staff expenses
EUR 42,597,301.07
Wages and salaries
EUR 35,922,669.56
Social security contributions and
expenses for pension plans and
benefits
EUR 6,674,631.51
Total depreciation
EUR 3,087,041.48
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 3,087,041.48
Other operating expenses
EUR 21,573,089.64
Operating result from continuing
operations
EUR 3,843,565.01
Interest
result (+/-) EUR -230,465.69
Interest and similar income
EUR 167,905.35
thereof from related companies
EUR 25,526.86
Interest and similar expenses
EUR 398,371.04
thereof paid to related companies
EUR 224,554.89
Financial result (+/-)
EUR -230,465.69
Result from ordinary operations (+/-)
EUR 3,613,099.32
Expenses for transfer of profits to a
parent
company EUR 406,625.62
Income tax / refund of income tax (+/-)EUR -345,108.42
Other taxes / refund of taxes
EUR -91,664.82
Tax
(+/-)
EUR -436,773.24
Annual surplus / annual deficit
EUR 2,769,700.46
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 72,468,516.36
Fixed assets
EUR 17,751,628.15
Intangible assets
EUR 5,287,836.00
Concessions, licences, rights
EUR 2,235,456.00
Advance payments for intang. assets
EUR 3,052,380.00
Tangible assets
EUR 11,387,910.47
Land / similar rights
EUR 7,218,969.54
Plant / machinery EUR 1,369,004.00
Other tangible assets / fixtures and
fittings
EUR 2,778,285.55
Advance payments made / construction
in progress
EUR 21,651.38
Financial assets
EUR 1,075,881.68
Shares in participations /
subsidiaries and the like
EUR 1,075,881.68
Shares in related companies
EUR 1,075,881.68
Current assets EUR 54,688,230.35
Stocks
EUR 25,994,361.23
Raw materials, consumables and
supplies
EUR 4,925,432.26
Finished goods / work in progress
EUR 21,068,928.97
Accounts receivable
EUR 28,515,007.43
Amounts due from shareholders
EUR 2,418,043.42
Trade debtors
EUR 4,977,574.56
Amounts due from related companies
EUR 20,521,586.70
Other debtors and assets
EUR 597,802.75
Liquid means
EUR 178,861.69
Remaining other assets
EUR 28,657.86
Accruals (assets) EUR 28,657.86
LIABILITIES EUR 72,468,516.36
Shareholders' equity
EUR 29,018,469.58
Capital
EUR 17,550,000.00
Subscribed capital (share capital)
EUR 17,550,000.00
Reserves
EUR 8,789,188.73
Capital reserves
EUR 8,500,000.00
Retained earnings / revenue reserves EUR 289,188.73
Balance
sheet profit/loss (+/-) EUR 2,679,280.85
Profit / loss brought forward
EUR 4,067,782.22
Annual surplus / annual deficit
EUR 111,498.63
withdrawn/distributed
EUR 1,500,000.00
Items between shareholders' equity and
debt capital
EUR 3,979,300.00
Mezzanine financing
EUR 3,979,300.00
Contributions of silent partners
EUR 3,979,300.00
Provisions EUR 6,477,546.28
Pension provisions and comparable
provisions
EUR 723,066.00
Other / unspecified provisions
EUR 5,754,480.28
Liabilities EUR 32,993,200.50
Financial debts
EUR 478,992.98
Liabilities due to banks
EUR 478,992.98
Other liabilities
EUR 32,514,207.52
Trade creditors (for IAS incl. bills
of exchange)
EUR 9,440,736.03
Liabilities from received advance
payments
EUR 5,454,297.71
Liabililties due to related companiesEUR 14,728,456.06
Unspecified other liabilities
EUR 2,890,717.72
thereof liabilities from tax /
financial authorities
EUR 896,578.36
thereof liabilities from social
security EUR 73,816.10
Guarantees and other commitments
EUR 67,535,000.00
Liability from creation of a security
interest for third parties
EUR 67,407,000.00
Other guarantees and other commitmentsEUR 128,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 137,308,839.42
Inventory change + own costs (+/-)
EUR 5,449,097.13
Inventory change (+/-) EUR 5,389,349.41
Capitalised own costs
EUR 59,747.72
Other operating income
EUR 2,994,400.27
Cost of materials
EUR 80,685,270.34
Raw materials and supplies, purchased
goods
EUR 75,260,908.71
Purchased services
EUR 5,424,361.63
Gross result (+/-)
EUR 65,067,066.48
Staff expenses EUR 41,754,561.69
Wages and salaries
EUR 35,191,854.88
Social security contributions and
expenses for pension plans and
benefits
EUR 6,562,706.81
Total depreciation
EUR 2,482,675.98
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,482,675.98
Other operating expenses
EUR 20,174,083.15
Operating result from continuing
operations
EUR 655,745.66
Result from participating interests
(+/-)
EUR 18,667.89
Expenses
/ income from participations EUR
18,667.89
Income from related companies
EUR 18,667.89
Interest result (+/-)
EUR -303,545.47
Interest and similar income
EUR 205,833.92
thereof from related companies
EUR 42,683.87
Interest and similar expenses
EUR 509,379.39
thereof paid to related companies
EUR 340,212.21
Financial result (+/-)
EUR -284,877.58
Result from ordinary operations (+/-)
EUR 370,868.08
Extraordinary expenses
EUR 75,472.00
Extraordinary result (+/-)
EUR -75,472.00
Expenses for transfer of profits to a
parent company
EUR 15,030.17
Income tax / refund of income tax (+/-)EUR -114,009.89
Other taxes / refund of taxes
EUR -54,857.39
Tax
(+/-)
EUR -168,867.28
Annual surplus / annual deficit
EUR 111,498.63
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.72 |
|
|
1 |
INR 88.64 |
|
Euro |
1 |
INR 78.14 |
|
EUR |
1 |
INR 78.17 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.