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MIRA
INFORM REPORT
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Report No. : |
496452 |
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Report Date : |
15.03.2018 |
IDENTIFICATION DETAILS
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Name : |
HONSBERG METALLSÄGEN GMBH |
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Registered Office : |
Auf Dem Knapp 42, D 42855 Remscheid |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
09.06.1987 |
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Com. Reg. No.: |
HRB 11404 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
· Manufacture of metal forming machinery · Wholesale of tools and hardware |
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No. of Employees : |
Not Available |
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 & address
HONSBERG METALLSÄGEN GMBH
Company Status: active
Auf dem Knapp 42
D 42855 Remscheid
Telephone:02191/373770
Telefax:
02191/373799
Homepage: www.honsberg.de
E-mail:
info@honsberg.de
VAT
no.: DE811178206
Tax
ID number: 126/5839/0354
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 09.06.1987
Shareholders'
agreement: 09.06.1987
Registered on: 13.07.1987
Commercial Register: Local court 42103
Wuppertal
under: HRB 11404
Share capital: EUR 26,000.00
Shareholder:
Junior Metallsägenwerk C.
Mesenhöller GmbH &
Co. KG
Auf dem Knapp 42
D 42855 Remscheid
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 155,000.00
contribution:
Share: EUR 26,000.00
Registered on:
14.01.1986
Reg. data: 42103
Wuppertal, HRA 17690
Manager:
Dr. Marcus Jankowski
D 42899 Remscheid
having sole power of
representation
born: 08.11.1966
Profession: Businessman
Further functions/participations of Dr. Marcus
Jankowski
(Manager)
Manager:
Mesenhöller Beteiligungs-
und
Geschäftsführungs-GmbH
Auf dem Knapp 42
D 42855 Remscheid
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on:
09.12.1985
Reg. data: 42103 Wuppertal, HRB 11343
Manager:
Hermann Robert Röntgen
Beteiligungsgesellschaft
mbH
Auf dem Knapp 44
D 42855 Remscheid
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 12.12.1969
Reg. data: 42103 Wuppertal, HRB 11020
COMPANY
HISTORY
company name and legal form
13.07.1987 - 06.05.2008 "Honsberg" Metallsägen GmbH
Auf dem Knapp 44
D 42855 Remscheid
Private limited company
BUSINESS
ACTIVITIES
Main industrial sector
28410
Manufacture of metal forming machinery
46741
Wholesale of tools and hardware
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information: We have no negative
information at hand.
Balance sheet year: 2016
PMI: No significant / relevant payment
experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Events Index: 1
At present, NO events are
known.
The Events Index
indicates if any particular
events have occurred,
such as e.g. a
relocation of registered
office or a change
within management. On the
basis of number,
relevance and
up-to-dateness of the events
an index value ranging
from 1 (no events) to
5 is calculated. Companies showing a
particularly large number
of events receive
the index 6.
REAL
ESTATE
Type of ownership: Tenant
Address Auf dem Knapp 42
D 42855 Remscheid
Land register documents were not available.
BANKERS
COMMERZBANK, 42853 REMSCHEID
Sort. code: 34040049
BIC: COBADEFFXXX
FINANCIAL FIGURES
Ac/ts receivable: EUR 3,592,403.00
Liabilities: EUR 744,658.00
The
number of employees is not known.
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 91.93
Liquidity ratio: 10.00
Return on total capital [%]: 12.88
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 85.95
Liquidity ratio: 10.00
Return on total capital [%]: 10.40
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 81.76
Liquidity ratio: 6.31
Return on total capital [%]: 4.70
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 81.46
Liquidity ratio: 10.00
Return on total capital [%]: -38.31
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 4,126,528.48
Fixed assets
EUR 46,958.00
Intangible assets
EUR 15,453.00
Tangible assets
EUR 31,505.00
Current assets
EUR 4,071,098.48
Stocks
EUR 413,425.78
Accounts
receivable EUR 3,592,402.91
Liquid means
EUR 65,269.79
Remaining other assets
EUR 8,472.00
Accruals (assets)
EUR 8,472.00
LIABILITIES EUR 4,126,528.48
Shareholders' equity
EUR 3,372,255.27
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Reserves
EUR 1,947,273.00
Balance sheet profit/loss (+/-)
EUR 1,398,982.27
Balance sheet profit / loss
EUR 1,398,982.27
Provisions EUR 9,615.00
Liabilities
EUR 744,658.21
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 4,346,227.62
Fixed assets
EUR 39,910.00
Intangible assets
EUR 1,237.00
Tangible assets EUR 38,673.00
Current assets
EUR 4,295,354.42
Stocks
EUR 645,147.78
Accounts receivable
EUR 3,381,525.82
Liquid means
EUR 268,680.82
Remaining other assets
EUR 10,963.20
Accruals (assets)
EUR 10,963.20
LIABILITIES EUR 4,346,227.62
Shareholders' equity
EUR 2,841,958.85
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Reserves
EUR 1,947,273.00
Balance sheet profit/loss (+/-)
EUR 868,685.85
Balance sheet profit / loss
EUR 868,685.85
Provisions
EUR 63,009.00
Liabilities
EUR 1,441,259.77
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 90.83 |
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Euro |
1 |
INR 80.58 |
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EUR |
1 |
INR 80.41 |
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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NIS |
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Report Prepared
by : |
TPT |
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.