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MIRA
INFORM REPORT
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Report No. : |
495840 |
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Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
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Name : |
HEICO UMFORMTECHNIK GMBH |
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Registered Office : |
Ensestr. 1-9, D 59469 Ense, Post Box:10
43, D 59463 ense |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
16.01.2001 |
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Com. Reg. No.: |
HRB 4538 |
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Legal Form : |
Private limited company |
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Line of Business : |
· Manufacture of pressings, deep-drawn parts and stamping ·
Wholesale of iron ores, iron, steel and
iron and steel semi-finished goods |
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No. of Employees : |
104 |
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 : |
No Complaints |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
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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 economic 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, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.
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Source
: CIA |
Company name and address
Report on: HEICO
Umformtechnik GmbH
Company Status: active
Ensestr. 1-9
D 59469 Ense
Post Box:
10 43, D 59463 ense
Telephone: 02938/8050
Telefax:
02938/805198
Homepage: www.heico-fasteners.de
E-mail:
mail@heico-fasteners.de
VAT no.:
DE813123580
Tax ID number: 343/5745/0399
CONCLUSION
Business relations are permissible.
Company
summary
Legal
Form Private limited company
Date of foundation: 16.01.2001
Registered on: 16.01.2001
Commercial Register: Local court 59821 Arnsberg
under: HRB
4538
Share capital: EUR 25,000.00
Shareholder:
Theo Heimann Holding GmbH
& Co. KG
Ensestr. 1-9
D 59469 Ense
Post Box:
20 10
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 1,120,000.00
contribution:
Share: EUR 25,000.00
Registered on: 19.03.1935
Reg. data: 59821
Arnsberg, HRA 4276
Manager:
Jan Bernd Heimann
Bischofstr. 2a
D 59494 Soest
having sole power of
representation
born: 01.10.1977
Profession: Businessman
Proxy:
Manfred Jost
Sonneborn 6
D 59469 Ense
having sole power of
representation
born: 12.07.1955
Profession: graduate
engineer
Proxy:
Franz-Martin Köhler
D 59469 Ense
having sole power of
representation
born: 28.05.1959
Further functions/participations of Jan Bernd
Heimann (Manager)
Limited partner:
Theo Heimann Holding
GmbH & Co. KG
Ensestr. 1-9
D 59469 Ense
Post Box:
20 10
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 1,120,000.00
contribution:
Share: EUR 1,120,000.00
Registered
on: 19.03.1935
Reg. data: 59821 Arnsberg, HRA 4276
Shareholder:
Hansa-Vermögensverwaltungs Gesellschaft mit
beschränkter Haftung
Ensestr. 1-9
D 59469 Ense
Legal form: Private
limited company
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 14.07.2011
Reg. data: 59821 Arnsberg, HRB 9661
Shareholder:
Theo Heimann Holding
Verwaltungs GmbH
Ensestr. 1-9
D 59469 Ense
Legal form:
Private limited company
Share capital: EUR 30,000.00
Share: EUR 30,000.00
Registered
on: 20.11.1972
Reg. data: 59821 Arnsberg, HRB 4053
Manager:
Hansa-Vermögensverwaltungs Gesellschaft mit
beschränkter Haftung
Ensestr. 1-9
D 59469 Ense
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 14.07.2011
Reg. data: 59821 Arnsberg, HRB 9661
Manager:
Theo Heimann Holding
Verwaltungs GmbH
Ensestr. 1-9
D 59469 Ense
Legal form: Private
limited company
Share capital: EUR
30,000.00
Registered
on: 20.11.1972
Reg. data: 59821 Arnsberg, HRB 4053
Manager:
HEICO International
Beteiligungs GmbH
Ensestr. 1-9
D 59469 Ense
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 16.01.2001
Reg. data: 59821 Arnsberg, HRB 4539
Manager:
HEICO Beteiligungs - GmbH
Ensestr. 1-9
D 59469 Ense
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 02.08.2004
Reg. data: 59821 Arnsberg, HRB 6854
Manager:
HEICO VV GmbH
Ensestr. 1-9
D 59469 Ense
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 16.12.2009
Reg. data: 59821 Arnsberg, HRB 8935
Proxy:
Hansa-Werke Ernst Berning
GmbH & Co.
Ensestr. 1-9
D 59469 Ense
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 124,000.00
contribution:
Registered
on: 28.07.2011
Reg. data: 59821 Arnsberg, HRA 7159
BUSINESS ACTIVITIES
Main industrial sector
25504
Manufacture of pressings, deep-drawn parts and stamping
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods
BRANCHES
AND FACTORIES
Works:
HEICO Umformtechnik GmbH
Oesterweg 27
D 59469 Ense
FINANCIAL
INFORMATION
Payment experience: No
complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: Tenant
Address Ensestr.
1-9
D 59469 Ense
Land register documents were not available.
BANKERS
Principal bank
DEUTSCHE BANK, 59704 ARNSBERG
Sort.
code: 46670007
BIC: DEUTDEDW466
Further banks
COMMERZBANK VORMALS DRESDNER BANK, 59704
ARNSBERG
Sort. code: 44080050
BIC: DRESDEFF440
SPARKASSE WERL, 59089 WERL
Sort. code: 41451750
BIC: WELADED1WRL
FINANCIAL
FIGURES
Gross profit or loss:2016 EUR 15,378,364.00
Profit: 2016 EUR 808,566.00
Equipment: EUR 676,000.00
Ac/ts receivable: EUR 5,341,831.00
Liabilities: EUR 1,499,121.00
Total numbers of vehicles: 5
Employees:
104
-
thereof permanent staff: 104
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 21.91
Liquidity ratio: 5.49
Return on total capital [%]: 9.24
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 6.30
Liquidity ratio: 2.24
Return on total capital [%]: 7.30
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 2.87
Liquidity ratio: 1.37
Return on total capital [%]: 5.40
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: -6.25
Liquidity ratio: 0.97
Return on total capital [%]: 3.65
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 9,813,402.70
Current assets
EUR 9,242,727.38
Stocks
EUR 3,283,857.09
Accounts receivable EUR 5,341,831.14
thereof total due from shareholders
EUR 497,434.67
Liquid means
EUR 617,039.15
Remaining other assets
EUR 570,675.32
Accruals (assets) EUR 1,075.32
Deferred taxes (assets)
EUR 569,600.00
LIABILITIES EUR 9,813,402.70
Shareholders' equity
EUR 2,983,502.42
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 1,302,807.93
Capital reserves
EUR 600,000.00
Retained earnings / revenue reserves EUR 702,807.93
Balance sheet profit/loss (+/-)
EUR 1,655,694.49
Balance sheet profit / loss
EUR 1,655,694.49
Provisions
EUR 5,330,778.94
Liabilities
EUR 1,499,121.34
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 15,378,364.38
Staff expenses EUR 6,480,115.16
Wages and salaries
EUR 5,427,752.05
Social security contributions and
expenses for pension plans and
benefits
EUR 1,052,363.11
Other operating expenses
EUR 7,651,896.11
Operating result from continuing
operations
EUR 1,246,353.11
Interest result (+/-)
EUR -74,796.16
Interest and similar income EUR 76,540.39
Interest and similar expenses
EUR 151,336.55
thereof paid to related companies
EUR 6,920.11
Financial result (+/-)
EUR -74,796.16
Result from ordinary operations (+/-)
EUR 1,171,556.95
Income tax / refund of income tax (+/-)EUR -362,991.20
Tax
(+/-)
EUR -362,991.20
Annual surplus / annual deficit
EUR 808,565.75
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 9,531,415.05
Current
assets EUR 9,146,115.05
Stocks
EUR 2,733,834.03
Accounts receivable
EUR 5,592,356.29
thereof total due from shareholders
EUR 1,294,752.47
Liquid means
EUR 819,924.73
Remaining other assets
EUR 385,300.00
Deferred taxes (assets)
EUR 385,300.00
LIABILITIES EUR 9,531,415.05
Shareholders' equity
EUR 2,174,936.67
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves EUR 1,141,094.78
Capital reserves
EUR 600,000.00
Retained earnings / revenue reserves EUR 541,094.78
Balance sheet profit/loss (+/-)
EUR 1,008,841.89
Balance sheet profit / loss
EUR 1,008,841.89
Provisions
EUR 4,617,106.36
Liabilities
EUR 2,739,372.02
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 14,263,889.66
Staff expenses
EUR 6,642,589.34
Wages and salaries
EUR 5,267,030.28
Social security contributions and
expenses for pension plans and
benefits
EUR 1,375,559.06
Other operating expenses
EUR 6,733,074.67
Operating result from continuing
operations
EUR 888,225.65
Interest result (+/-)
EUR -86,328.22
Interest and similar income
EUR 129,406.37
Interest and similar expenses
EUR 215,734.59
thereof paid to related companies
EUR 67,247.16
Financial result (+/-)
EUR -86,328.22
Result from ordinary operations (+/-)
EUR 801,897.43
Extraordinary expenses
EUR 77,101.00
Extraordinary result (+/-)
EUR -77,101.00
Income tax / refund of income tax (+/-)EUR -228,690.79
Tax
(+/-)
EUR -228,690.79
Annual surplus / annual deficit
EUR 496,105.64
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.99 |
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|
1 |
INR 89.91 |
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Euro |
1 |
INR 80.21 |
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Euro |
1 |
INR 80.70 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VIV |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.