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MIRA INFORM REPORT
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Report No. : |
496245 |
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Report Date : |
12.03.2018 |
IDENTIFICATION DETAILS
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Name : |
GUSTAV HEESS GMBH & CO. KG |
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Registered Office : |
Mollenbachstr. 29, D 71229 Leonberg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Year of Establishment : |
1897 |
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Com. Reg. No.: |
HRA 169 |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
Wholesale of dairy products, eggs and edible oils and fats. |
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No. of Employees : |
30 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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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
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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
GUSTAV HEESS GMBH
& CO. KG
Company Status: active
Mollenbachstr. 29
D 71229 Leonberg
Telephone:07152/2007-0
Telefax: 07152/2007-100
Homepage: www.heess.de
E-mail: verkauf@heess.de
VAT no.
DE147829001
Company Summary
LEGAL FORM Ltd partnership with priv. ltd. company as general partner
Date of foundation: 1897
Registered on: 10.02.2005
Register of
companies: Local court 70190 Stuttgart
under: HRA 169
Total cap. Contribution
EUR 155,000.00
Limited partner:
Boris Zastrow
Rebenreute 42
D 70199 Stuttgart
born: 29.03.1965
Share: EUR 76,725.00
Limited partner:
Alexander Zastrow
Wagenburgstr. 17
D 70184 Stuttgart
born: 16.08.1969
Share: EUR 76,725.00
Limited partner:
Dr. Edgar Zastrow
D 70469 Stuttgart
born: 08.07.1934
Share: EUR 1,550.00
General partner:
Z Verwaltungs GmbH
Mollenbachstr. 29
D 71229 Leonberg
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 17.05.2017
Reg. data: 70190 Stuttgart, HRB 760992
Shareholder:
Boris Zastrow
Rebenreute 42
D 70199 Stuttgart
born: 29.03.1965
Share: EUR 12,500.00
Shareholder:
Alexander Zastrow
Wagenburgstr. 17
D 70184 Stuttgart
born: 16.08.1969
Share: EUR 12,500.00
Manager:
Boris Zastrow
Rebenreute 42
D 70199 Stuttgart
having sole power of representation
born: 29.03.1965
Profession: Businessman
Manager:
Alexander Zastrow
Wagenburgstr. 17
D 70184 Stuttgart
having sole power of representation
born: 16.08.1969
Profession: Businessman
COMPANY HISTORY
Company name and legal form
10.02.2005 - 18.07.2013 Gustav Heess GmbH & Co. KG
Wernerstr. 83
D 70469 Stuttgart
Ltd partnership with priv. ltd. company
as general partner
06.11.1999 - 10.02.2005 Gustav Heess KG
Wernerstr. 83
D 70469 Stuttgart
Limited partnership
1897 - 05.11.1999 Gustav Heess KG
Westbahnhof 81
D 70197 Stuttgart
Limited partnership
RESIGNED ACTING PERSONS AND SHAREHOLDERS
13.09.2007 - 31.05.2017 General partner
Gustav Heess Oleochemische Erzeugnisse
GmbH
Mollenbachstr. 29
D 71229 Leonberg
BUSINESS ACTIVITIES
Main industrial sector
46330 Wholesale of dairy products, eggs and edible oils and fats
PARTICIPATIONS
Limited partner:
Z-Bau Immobilien GmbH & Co. KG
Emil-Riedl-Weg 6
D 82049 Pullach
Legal form: Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total cap. EUR 10,000.00
contribution:
Share: EUR 10,000.00
Reg. data: 30.12.2011
Local court 80333 München
HRA 98326
FINANCIAL INFORMATION
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Wernerstr. 83
D 70469 Stuttgart
Type of ownership: Tenant
Address Mollenbachstr. 29
D 71229 Leonberg
Real Estate of: Z Verwaltungs GmbH
Type of ownership: Tenant
Address Mollenbachstr. 29
D 71229 Leonberg
Land register documents were not available.
BANKERS
COMMERZBANK, 70049 STUTTGART
Sort. code: 60040071
BIC: COBADEFFXXX
DEUTSCHE BANK, 70049 STUTTGART
Sort. code: 60070070
BIC: DEUTDESSXXX
COMMERZBANK VORMALS DRESDNER BANK, 70049 STUTTGART
Sort. code: 60080000
BIC: DRESDEFF600
BADEN-WÜRTTEMBERGISCHE BANK, 70049 STUTTGART
Sort. code: 60020030
BIC: SOLADEST601
FINANCIAL FIGURES
Ac/ts receivable: EUR 1,821,031.00
Liabilities: EUR 8,785,673.00
Employees: 30
BALANCE SHEETS
Balance sheet ratios
01.01.2016 - 31.12.2016
Equity ratio
[%]: 4.77
Liquidity
ratio: 0.21
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio
[%]: 6.62
Liquidity
ratio: 0.23
Balance sheet ratios
01.01.2014 - 31.12.2014
Equity ratio
[%]: 6.08
Liquidity
ratio: 0.21
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio
[%]: 5.29
Liquidity
ratio: 0.24
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.
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 9,473,885.58
Fixed assets EUR 7,136,007.38
Intangible assets EUR 469,504.00
Tangible assets EUR 2,176,555.50
Financial assets EUR 4,489,947.88
Current assets EUR 2,331,146.26
Accounts receivable EUR 1,821,031.06
Investments in current assets EUR 493,426.55
Liquid means EUR 16,688.65
Remaining other assets EUR 6,731.94
Accruals (assets) EUR 6,731.94
LIABILITIES EUR 9,473,885.58
Shareholders' equity EUR 155,000.00
Capital EUR 155,000.00
Capital of the fully liable partner
(LP, general partnership) EUR 155,000.00
Fixed capital / accounts, capital
account I EUR 155,000.00
Items between shareholders' equity and
debt capital EUR 520,212.09
Mezzanine financing EUR 520,212.09
Shareholder loans similar to capital
EUR 520,212.09
Provisions EUR 13,000.00
Liabilities EUR 8,785,673.49
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 7,843,443.72
Fixed assets EUR 6,182,758.38
Intangible assets EUR 549,763.00
Tangible assets EUR 2,219,620.50
Financial assets EUR 3,413,374.88
Current assets EUR 1,646,739.08
Accounts receivable EUR 1,590,089.51
Liquid means EUR
56,649.57
Remaining other assets EUR 13,946.26
Accruals (assets) EUR 13,946.26
LIABILITIES EUR 7,843,443.72
Shareholders' equity EUR 155,000.00
Capital EUR 155,000.00
Capital of the fully liable partner
(LP, general partnership) EUR 155,000.00
Fixed capital / accounts, capital
account I EUR 155,000.00
Items between shareholders' equity and
debt capital EUR 621,150.07
Mezzanine financing EUR 621,150.07
Shareholder loans similar to capital
EUR 621,150.07
Provisions EUR 30,996.00
Liabilities EUR 7,036,297.65
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.08 |
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1 |
INR 89.85 |
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Euro |
1 |
INR 80.16 |
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EUR |
1 |
INR 80.12 |
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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VAR |
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Report Prepared
by : |
NIT |
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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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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.