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MIRA
INFORM REPORT
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Report No. : |
508141 |
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Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
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Name : |
KLAUS HERDING GMBH |
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Registered Office : |
Carl-Herding-Weg
5, D 46414 Rhede |
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Country : |
Germany |
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Financials (as on) : |
30.06.2017 |
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Date of Incorporation : |
1918 |
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Com. Reg. No.: |
HRB 9711 |
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Legal Form : |
Private limited company |
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Line of Business : |
· Other retail sale in non-specialized stores · Retail sale of textiles |
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No. of Employees : |
90 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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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: Klaus Herding GmbH
Company Status: active
Carl-Herding-Weg 5
D 46414 Rhede
Telephone: 02872/9958200
Telefax: 02871/9958-201
Homepage:
www.herding-heimtextil.de
E-mail: info@chb.de
VAT
no.: DE814408244
Tax ID
number: 307/5899/1481
CONCLUSION
Business relations are permissible.
Company
summary
Legal Form Private
limited company
Date of foundation: 1918
Shareholders'
agreement: 25.05.2005
Registered on: 16.06.2005
Commercial Register: Local court 48653 Coesfeld
under: HRB
9711
Share capital: EUR 25,000.00
Shareholder:
Friedrich Loock
D 46395 Bocholt
Share: EUR 8,400.00
Shareholder:
Stefan Bollrath
Maximilian-Kolbe-Str. 9
D 46395 Bocholt
born: 17.11.1970
Share: EUR 4,150.00
Shareholder:
Dr. Susanne Litzel
D 46397 Bocholt
born: 22.01.1960
Share: EUR 4,150.00
Shareholder:
Thomas Mertens
Lowicker Str. 5
D 46395 Bocholt
born: 12.05.1965
Share: EUR 4,150.00
Shareholder:
Erwin Seggewiß
Gertrudenstr. 19
D 46414 Rhede
born: 20.02.1969
Share: EUR 4,150.00
Manager:
Stefan Bollrath
Maximilian-Kolbe-Str. 9
D 46395 Bocholt
authorized to jointly
represent the company
born: 17.11.1970
Profession: Businessman
Manager:
Dr. Susanne Litzel
D 46397 Bocholt
authorized to jointly
represent the company
born: 22.01.1960
Manager:
Thomas Mertens
Lowicker Str. 5
D 46395 Bocholt
having sole power of
representation
born: 12.05.1965
Manager:
Erwin Seggewiß
Gertrudenstr. 19
D 46414 Rhede
having sole power of
representation
born: 20.02.1969
Proxy:
Magnus Belting
D 46395 Bocholt
born: 29.01.1971
Profession: Fully qualified management
expert
Proxy:
Bianca Röttgers
D 46395 Bocholt
born: 02.03.1979
Further functions/participations of Dr.
Susanne Litzel (Manager)
Shareholder:
EmMi Luebeskind
gemeinnützige GmbH
Martinstr. 16
D 46397 Bocholt
Legal form: Private
limited company
Share capital: EUR
25,000.00
Share: EUR 12,500.00
Registered
on: 24.04.2013
Reg. data: 48653 Coesfeld, HRB 14445
Shareholder:
Kultur - und Medienmanagement Service- und
Verlags-GmbH
Große Bergstr. 264/266
D 22767 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 100.00
Registered
on: 24.04.2002
Reg. data: 20355 Hamburg, HRB 83464
Manager:
EmMi Luebeskind gemeinnützige GmbH
Martinstr. 16
D 46397 Bocholt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 24.04.2013
Reg. data: 48653 Coesfeld, HRB 14445
COMPANY
HISTORY
company name and legal form
16.06.2005 - 03.07.2015 Klaus Herding GmbH
Industriestr. 1
D 46395 Bocholt
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
4719
Other retail sale in non-specialized stores
4751 Retail sale of textiles
FINANCIAL
INFORMATION
Payment experience: No
complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2016/2017
REAL
ESTATE
Type of ownership: Tenant
Address Carl-Herding-Weg
5
D 46414 Rhede
Land register documents were not available.
BANKERS
Principal bank
VOLKSBANK BOCHOLT, 46374 BOCHOLT
Sort. code: 42860003
BIC: GENODEM1BOH
Further bank
STADTSPARKASSE BOCHOLT, 46372 BOCHOLT
Sort. code: 42850035
BIC: WELADED1BOH
FINANCIAL
FIGURES
Gross profit or loss:2015/2016 EUR 10,014,015.00
2016/2017 EUR 11,204,421.00
Profit: 2015/2016 EUR 2,890,884.00
2016/2017 EUR 3,798,969.00
further business figures:
Equipment: EUR 478,337.00
Ac/ts receivable: EUR 9,472,162.00
Liabilities: EUR 6,865,454.00
Real estate of the firm: EUR 3,843,619.00
Employees:
90
- Trainees:
13
- Temporary workers: 12
BALANCE SHEETS
Balance sheet ratios 01.07.2016 - 30.06.2017
Equity ratio [%]: 58.95
Liquidity ratio: 2.28
Return on total capital [%]: 17.17
Balance sheet ratios 01.07.2015 - 30.06.2016
Equity ratio [%]: 51.26
Liquidity ratio: 2.27
Return on total capital [%]: 12.10
Balance sheet ratios 01.07.2014 - 30.06.2015
Equity ratio [%]: 56.81
Liquidity ratio: 10.00
Return on total capital [%]: 19.33
Balance sheet ratios 01.07.2013 - 30.06.2014
Equity ratio [%]: 72.78
Liquidity ratio: 10.00
Return on total capital [%]: 23.14
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: 01.07.2016 -
30.06.2017
ASSETS EUR 22,136,946.56
Fixed assets EUR 4,643,149.26
Intangible assets EUR 320,442.83
Concessions, licences, rights EUR 293,052.65
Goodwill EUR 7,568.00
Advance payments for intang. assets EUR 19,822.18
Tangible assets EUR 4,321,956.43
Land / similar rights EUR 3,843,618.70
Plant / machinery EUR 1.00
Other tangible assets / fixtures and
fittings EUR 478,336.73
Financial assets EUR 750.00
Other loans EUR 750.00
Current assets EUR 17,389,486.32
Stocks EUR 5,198,531.14
Accounts receivable EUR 9,472,162.29
Trade debtors EUR 9,472,162.29
Liquid means EUR 2,718,792.89
Remaining other assets EUR 104,310.98
Accruals (assets) EUR 104,310.98
LIABILITIES EUR 22,136,946.56
Shareholders' equity EUR 13,053,300.29
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 13,028,300.29
Balance sheet profit / loss EUR 13,028,300.29
Provisions EUR 2,218,192.20
Liabilities EUR 6,865,454.07
Other liabilities EUR 0.00
Unspecified other liabilities EUR 0.00
thereof liabilities from tax /
financial authorities EUR 42,480.56
thereof liabilities from social
security EUR 789.53
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 11,204,421.19
Staff expenses EUR 3,941,003.01
Wages and salaries EUR 3,211,567.72
Social security contributions and
expenses for pension plans and
benefits EUR 729,435.29
Total depreciation EUR 328,097.01
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 328,097.01
Other operating expenses EUR 1,335,865.96
Operating result from continuing
operations EUR 5,599,455.21
Result from participating interests
(+/-)
EUR 106.85
Expenses / income from participations
EUR 106.85
Income from related companies EUR 106.85
Interest result (+/-) EUR -76,058.89
Interest and similar income EUR 6,678.36
Interest and similar expenses EUR 82,737.25
Financial result (+/-) EUR -75,952.04
Result from ordinary operations (+/-) EUR
5,523,503.17
Income tax / refund of income tax
(+/-)EUR -1,722,931.66
Other taxes / refund of taxes EUR -1,602.20
Tax (+/-) EUR -1,724,533.86
Annual surplus / annual deficit EUR 3,798,969.31
Type of balance sheet: Company
balance sheet
Origin of the present balance sheet: electronic
German Federal Gazette
Financial year: 01.07.2015
- 30.06.2016
ASSETS EUR
23,894,931.46
Fixed assets EUR 4,895,209.05
Intangible assets EUR 399,987.07
Concessions, licences, rights EUR 388,783.07
Goodwill EUR 11,204.00
Tangible assets EUR 4,494,471.98
Land / similar rights EUR 4,125,182.33
Plant / machinery EUR 27.00
Other tangible assets / fixtures and
fittings EUR 369,262.65
Financial assets EUR 750.00
Other loans EUR 750.00
Current assets EUR 18,650,789.77
Stocks EUR 5,314,462.85
Accounts receivable EUR 6,743,204.12
Liquid means EUR 6,593,122.80
Remaining other assets EUR 348,932.64
Accruals (assets) EUR 348,932.64
LIABILITIES EUR 23,894,931.46
Shareholders' equity EUR 12,254,330.98
Capital
EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 12,229,330.98
Balance sheet profit / loss EUR 12,229,330.98
Provisions EUR 2,077,167.29
Liabilities EUR 9,563,433.19
Other liabilities EUR 0.00
Unspecified other liabilities EUR 0.00
thereof liabilities from tax /
financial authorities EUR 1,195,411.63
thereof liabilities from social
security EUR 1,303.25
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 10,014,014.65
Staff expenses EUR 3,814,449.90
Wages and salaries EUR 3,285,679.74
Social
security contributions and
expenses for pension plans and
benefits EUR 528,770.16
Total depreciation EUR 331,259.48
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 331,259.48
Other operating expenses EUR 1,576,692.43
Operating result from continuing
operations EUR 4,291,612.84
Result from participating interests
(+/-) EUR 106.85
Expenses / income from participations
EUR 106.85
Income from related companies EUR 106.85
Interest result (+/-) EUR -80,411.65
Interest and similar income EUR 13,622.59
Interest and similar expenses EUR 94,034.24
Financial result (+/-) EUR -80,304.80
Result from ordinary operations (+/-) EUR
4,211,308.04
Income tax / refund of income tax
(+/-)EUR -1,318,715.36
Other taxes / refund of taxes EUR -1,708.22
Tax (+/-) EUR -1,320,423.58
Annual surplus / annual deficit EUR 2,890,884.46
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.32 |
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1 |
INR 91.25 |
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Euro |
1 |
INR 80.51 |
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Euro |
1 |
INR 80.97 |
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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DIV |
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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.