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MIRA INFORM REPORT
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Report No. : |
510680 |
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Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
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Name : |
HOTTINGER BALDWIN MESSTECHNIK GESELLSCHAFT
MIT BESCHRÄNKTER HAFTUNG |
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Registered Office : |
Im Tiefen See 45, D 64293 Darmstadt, Post Box:10 01 51, D 64201 Darmstadt |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1950 |
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Com. Reg. No.: |
HRB 1147 |
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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 ·
Wholesale of other equipment and accessories for
machinery and technical supplies |
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No. of Employees : |
785 |
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 : |
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 (30.09.2017) |
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:
Hottinger Baldwin
Messtechnik Gesellschaft mit beschränkter Haftung
Company Status: active
Im Tiefen See 45
D 64293 Darmstadt
Post Box:
10 01 51, D 64201 Darmstadt
Telephone: 06151/8030
Telefax: 06151/8039100
Homepage: www.hbm.com
E-mail: info@hbm.com
VAT no.: DE111638489
Company
summary
Legal Form Private limited company
Date of foundation: 1950
Shareholders'
agreement: 01.02.1955
Registered on: 08.03.1955
Commercial Register: Local court 64283 Darmstadt
under: HRB 1147
Share capital: EUR 20,502,850.00
Shareholder:
Spectris Germany GmbH
Im Tiefen See 45
D 64293 Darmstadt
Legal form: Private limited company
Share capital: EUR 5,001,000.00
Share: EUR 20,502,850.00
Registered on: 10.06.2002
Reg. data: 64283 Darmstadt, HRB 8553
Profit transfer agreement
Manager:
Andreas Hüllhorst
Beethovenweg 12
D 64287 Darmstadt
born: 13.03.1957
Profession: Fully qualified economic
engineer
Marital status: married
President of the Supervisory Board:
Eoghan Pol O'Lionaird
GB TW20 9UR Egham, Surrey
born: 24.09.1966
Nationality: British
Member of the Supervisory Board:
Clive Watson
GB Beaconsfield/Bucks
Nationality: British
Representative of the Employees within the Supervisory Board:
Stefan Thomas Stasica
D 64807 Dieburg
Proxy:
Dr. Wolfram Meiritz
Wildstr. 17
D 89522 Heidenheim
authorized to jointly represent the company
born: 26.09.1955
Marital status: married
Proxy:
Karl-Heinz Pöhlmann
D 65343 Eltville
authorized to jointly represent the company
born: 07.08.1966
Proxy:
Thomas Hubert Lippok
D 64293 Darmstadt
authorized to jointly represent the company
born: 14.09.1968
Further functions/participations of Andreas Hüllhorst (Manager)
Manager:
nCode GmbH
Industriestr. 29
D 82194 Gröbenzell
Legal form: Private limited company
dissolved
Share capital: EUR 25,000.00
Registered
on: 25.11.2002
Reg. data: 80333 München, HRB 145383
BUSINESS
ACTIVITIES
Main industrial sector
2651 Manufacture of instruments and appliances for measuring, testing and navigation
Secondary industrial sector
46693 Wholesale of other equipment and accessories for machinery and technical supplies
BRANCHES
AND FACTORIES
Works:
Hottinger Baldwin Messtechnik Gesellschaft
mit beschränkter Haftung
Magirusstr. 5
D 12103 Berlin
TEL.: 030/75489550
FAX.: 030/75489552
Works:
Hottinger Baldwin Messtechnik Gesellschaft
mit beschränkter Haftung
Chemnitzer Str. 48b
D 01187 Dresden
TEL.: 0351/4700621
FAX.: 0351/4700622
Works:
Hottinger Baldwin Messtechnik Gesellschaft
mit beschränkter Haftung
Hauptstr. 13
D 40699 Erkrath
TEL.: 02104/935601
FAX.: 02104/935611
Works:
Hottinger Baldwin Messtechnik Gesellschaft
mit beschränkter Haftung
Gutenbergstr. 3
D 30966 Hemmingen
TEL.: 0511/9426480
FAX.: 0511/94264820
Works:
Hottinger Baldwin Messtechnik Gesellschaft
mit beschränkter Haftung
Carl-Zeiss-Ring 11-13
D 85737 Ismaning
TEL.: 089/96053720
FAX.: 089/960537221
Works:
Hottinger Baldwin Messtechnik Gesellschaft
mit beschränkter Haftung
Böblinger Str. 13
D 71229 Leonberg
TEL.: 07152/3541310
FAX.: 07152/3541321
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: Tenant
Address Im Tiefen See 45
D 64293 Darmstadt
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 64219 DARMSTADT
Sort. code: 50880050, Account no.: 0173976100
BIC: DRESDEFF508, IBAN: DE18508800500173976100
FINANCIAL
FIGURES
Turnover: 2016 EUR 153,549,203.00
Profit: 2016 EUR 16,998,008.00
Equipment: EUR 7,557,104.00
Ac/ts
receivable: EUR 17,455,153.00
Liabilities: EUR 36,885,982.00
Real estate of the
firm: EUR 15,126,660.00
Employees:
785
Profit transfer agreement to:
Spectris Germany GmbH
Im Tiefen See 45
D 64293 Darmstadt
BALANCE
SHEETS
Balance sheet ratios
01.01.2016 - 31.12.2016
Equity ratio
[%]: 65.06
Liquidity
ratio: 1.66
Return on total
capital [%]: 23.06
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio
[%]: 65.94
Liquidity
ratio: 1.92
Return on total
capital [%]: 30.97
Balance sheet ratios
01.01.2014 - 31.12.2014
Equity ratio
[%]: 66.38
Liquidity
ratio: 2.01
Return on total
capital [%]: 32.02
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio
[%]: 65.32
Liquidity
ratio: 1.66
Return on total
capital [%]: 29.53
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 73,710,597.29
Fixed assets EUR
34,497,974.82
Intangible assets EUR 1,686,684.69
Concessions, licences,
rights EUR 1,686,684.69
Tangible assets EUR 32,811,289.76
Land / similar
rights EUR 15,126,660.09
Plant / machinery EUR 5,654,767.48
Other tangible assets /
fixtures and
fittings EUR 7,557,104.09
Advance payments made /
construction
in progress EUR 4,472,758.10
Financial assets EUR 0.37
Shares in
participations /
subsidiaries and the
like EUR 0.37
Shares in investee
companies EUR 0.37
Current assets EUR 38,756,518.87
Stocks EUR 21,218,445.77
Raw materials,
consumables and
supplies EUR 8,892,837.90
Finished goods / work
in progress EUR 12,325,607.87
Accounts receivable EUR 17,455,153.40
thereof total due from
shareholders EUR 3,132.71
Trade debtors EUR 10,920,890.78
Amounts due from
related companies EUR 5,336,940.49
Other debtors and
assets EUR 1,197,322.13
Liquid means EUR 82,919.70
Remaining other
assets EUR 456,103.60
Accruals (assets) EUR 456,103.60
LIABILITIES EUR 73,710,597.29
Shareholders' equity EUR 21,650,993.37
Capital EUR 20,502,850.00
Subscribed capital
(share capital) EUR 20,502,850.00
Reserves EUR 1,092,664.00
Capital reserves EUR 1,092,664.00
Balance sheet profit/loss
(+/-) EUR 55,479.37
Profit / loss brought
forward EUR 55,479.37
Provisions EUR 14,466,050.71
Pension provisions and
comparable
provisions EUR 4,814,198.26
Provisions for
taxes EUR 89,613.00
Other / unspecified
provisions EUR 9,562,239.45
Liabilities EUR 36,885,981.55
thereof total due to
shareholders EUR 26,309,113.57
Other liabilities EUR 36,885,981.55
Trade creditors (for
IAS incl. bills
of exchange) EUR 4,789,436.28
Liabilities from
received advance
payments EUR 1,016,448.16
Liabililties due to
related companiesEUR
29,610,722.66
Unspecified other
liabilities EUR 1,469,374.45
thereof liabilities
from tax /
financial
authorities EUR 692,395.93
thereof liabilities
from social
security EUR 0.00
Other liabilities EUR 707,571.66
Deferrals
(liabilities) EUR 707,571.66
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 153,549,202.63
Inventory change + own
costs (+/-) EUR -224,365.82
Inventory change
(+/-) EUR -791,145.40
Capitalised own
costs EUR 566,779.58
Other operating
income EUR 2,280,163.08
Cost of materials EUR 51,608,763.85
Raw materials and
supplies, purchased
goods EUR 48,190,771.67
Purchased services EUR 3,417,992.18
Gross result (+/-) EUR 103,996,236.04
Staff expenses EUR 54,726,560.06
Wages and salaries EUR 46,836,384.20
Social security
contributions and
expenses for pension
plans and
benefits EUR 7,890,175.86
Total depreciation EUR 4,557,644.07
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 4,557,644.07
Other operating
expenses EUR 27,035,813.49
Operating result from continuing
operations EUR 17,676,218.42
Interest result
(+/-) EUR -407,434.27
Interest and similar
income EUR 14,727.19
Interest and similar
expenses EUR 422,161.46
thereof paid to related
companies EUR 134,717.16
Financial result
(+/-) EUR -407,434.27
Result from ordinary
operations (+/-) EUR 17,268,784.15
Expenses for transfer of
profits to a
parent company EUR 16,998,008.04
Income tax / refund of
income tax (+/-)EUR -163,928.69
Other taxes / refund of
taxes EUR -106,847.42
Tax (+/-) EUR -270,776.11
Annual surplus / annual
deficit EUR 0.00
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 71,127,581.02
Fixed assets EUR 31,957,272.78
Intangible assets EUR 1,401,736.32
Concessions, licences,
rights EUR 1,391,766.78
Goodwill EUR 9,969.54
Tangible assets EUR 30,555,536.09
Land / similar
rights EUR 16,219,274.29
Plant / machinery EUR 5,349,262.56
Other tangible assets /
fixtures and
fittings EUR 7,605,629.00
Advance payments made /
construction
in progress EUR 1,381,370.24
Financial assets EUR 0.37
Shares in
participations /
subsidiaries and the
like EUR 0.37
Shares in investee
companies EUR 0.37
Current assets EUR 38,733,940.36
Stocks EUR 21,297,034.75
Raw materials,
consumables and
supplies EUR 8,327,718.93
Finished goods / work
in progress EUR 12,969,315.82
Accounts receivable EUR 17,249,240.64
thereof total due from
shareholders EUR 2,101.63
Trade debtors EUR 10,519,594.43
Amounts due from
related companies EUR 6,286,383.30
Other debtors and
assets EUR 443,262.91
Liquid means EUR 187,664.97
Remaining other
assets EUR 436,367.88
Accruals (assets) EUR 436,367.88
LIABILITIES EUR 71,127,581.02
Shareholders' equity EUR 21,650,993.37
Capital EUR 20,502,850.00
Subscribed capital
(share capital) EUR 20,502,850.00
Reserves EUR 1,092,664.00
Capital reserves EUR 1,092,664.00
Balance sheet
profit/loss (+/-) EUR 55,479.37
Profit / loss brought
forward EUR 55,479.37
Provisions EUR 14,386,797.26
Pension provisions and
comparable
provisions EUR 4,990,252.62
Provisions for
taxes EUR 12,600.00
Other / unspecified
provisions EUR 9,383,944.64
Liabilities EUR 34,407,631.94
thereof total due to
shareholders EUR 25,256,497.92
Other liabilities EUR 34,407,631.94
Trade creditors (for
IAS incl. bills
of exchange) EUR 2,793,645.42
Liabilities from
received advance
payments EUR 603,191.40
Liabililties due to
related companiesEUR
29,539,651.26
Unspecified other
liabilities EUR 1,471,143.86
thereof liabilities
from tax /
financial
authorities EUR 630,164.65
thereof liabilities
from social
security EUR 0.00
Other liabilities EUR 682,158.45
Deferrals
(liabilities) EUR 682,158.45
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 150,067,835.89
Inventory change + own
costs (+/-) EUR 756,083.21
Inventory change
(+/-) EUR 224,021.17
Capitalised own
costs EUR 532,062.04
Other operating
income EUR 5,063,984.38
Cost of materials EUR 52,534,535.37
Raw materials and
supplies, purchased
goods EUR 48,494,660.82
Purchased services EUR 4,039,874.55
Gross result (+/-) EUR 103,353,368.11
Staff expenses EUR 52,915,457.05
Wages and salaries EUR 44,938,015.47
Social security
contributions and
expenses for pension
plans and
benefits EUR 7,977,441.58
Total depreciation EUR 4,095,153.37
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 4,095,153.37
Other operating
expenses EUR 23,774,247.10
Operating result from
continuing
operations EUR 22,568,510.59
Interest result
(+/-) EUR -383,750.92
Interest and similar
income EUR 7,076.77
Interest and similar
expenses EUR 390,827.69
thereof paid to related
companies EUR 81,296.75
Financial result
(+/-) EUR -383,750.92
Result from ordinary
operations (+/-) EUR 22,184,759.67
Expenses for transfer of
profits to a
parent company EUR 22,026,230.78
Income tax / refund of
income tax (+/-)EUR -54,645.86
Other taxes / refund of
taxes EUR -103,883.03
Tax (+/-) EUR -158,528.89
Annual surplus / annual
deficit EUR 0.00
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.02 |
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|
1 |
INR 91.25 |
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Euro |
1 |
INR 80.07 |
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Euro |
1 |
INR 80.10 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
VIV |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
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.