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MIRA INFORM REPORT
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Report No. : |
510691 |
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Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
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Name : |
HOHNER
MASCHINENBAU GMBH |
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Registered Office : |
Gänsäcker
19 D 78532 Tuttlingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1928 |
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Com. Reg. No.: |
HRB 450604 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Manufacture of
other general-purpose machinery. |
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No. of Employees : |
97 |
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 : |
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
Hohner
Maschinenbau GmbH
Company
Status: active
Gänsäcker 19
D 78532 Tuttlingen
Telephone:07462/94680
Telefax: 07462/946820
Homepage: www.hohner-postpress.com
E-mail:
info@hohner-postpress.com
VAT
no.: DE811228237
company
summary
LEGAL
FORM Private limited company
Date
of foundation: 1928
Shareholders'
agreement: 12.12.1989
Registered
on: 30.01.1990
Commercial
Register: Local court 70190 Stuttgart
under: HRB 450604
Share
capital:
EUR 306,775.12
Shareholder
Claus-Otto Hohner
Elsa-Brandström-Weg 1
D 78532 Tuttlingen
born: 16.04.1956
Share: EUR 153,387.56
Shareholder:
Schöllhorn Beteiligungs
GmbH + Co. KG
Gänsäcker 19
D 78532 Tuttlingen
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 10,000.00
contribution:
Share: EUR 153,387.56
Registered on: 28.12.2000
Reg. data: 70190
Stuttgart, HRA 450972
Manager:
Claus-Otto Hohner
Elsa-Brandström-Weg 1
D 78532 Tuttlingen
born: 16.04.1956
Profession: Mechanical
engineer
Marital status: married
Manager:
Hans-Peter Schöllhorn
Schlehenweg 14
D 78532 Tuttlingen
born: 08.05.1960
Profession: Management
expert
Marital status: married
Proxy:
Werner Orner
D 78549 Spaichingen
authorized to jointly
represent the company
born: 02.07.1967
Further
functions/participations of Claus-Otto Hohner (Manager)
Limited
partner:
Claus-Otto Hohner
Beteiligungen GmbH & Co.
KG
Elsa-Brandström-Weg 1
D 78532 Tuttlingen
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 10,000.00
contribution:
Share: EUR 10,000.00
Registered
on: 07.12.2009
Reg. data: 70190 Stuttgart, HRA 724649
Shareholder:
Claus-Otto Hohner
Beteiligungen
Verwaltungs-GmbH
Elsa-Brandström-Weg 1
D 78532 Tuttlingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 02.12.2009
Reg. data: 70190 Stuttgart, HRB 731953
Manager:
Claus-Otto Hohner
Beteiligungen
Verwaltungs-GmbH
Elsa-Brandström-Weg 1
D 78532 Tuttlingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 02.12.2009
Reg. data: 70190 Stuttgart, HRB 731953
Further
functions/participations of Hans-Peter Schöllhorn
(Manager)
Limited
partner:
Schöllhorn Beteiligungs
GmbH + Co. KG
Gänsäcker 19
D 78532 Tuttlingen
Legal form: Ltd partnership with
priv. ltd.
company as general
partner
Total cap. EUR 10,000.00
contribution:
Share: EUR 9,500.00
Registered
on: 28.12.2000
Reg. data: 70190 Stuttgart, HRA 450972
Shareholder:
Peter Schöllhorn GmbH
Gänsäcker 19
D 78532 Tuttlingen
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Registered
on: 10.07.1997
Reg. data: 70190 Stuttgart, HRB 450938
Manager:
Peter Schöllhorn GmbH
Gänsäcker 19
D 78532 Tuttlingen
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 10.07.1997
Reg. data: 70190 Stuttgart, HRB 450938
COMPANY
HISTORY
company
name and legal form
01.07.1962
- 12.12.1989 Hohner Maschinenbau KG
Gänsäcker 19
D 78532 Tuttlingen
Limited partnership
09.06.1960
- 01.07.1962 Otto Hohner
D 78532 Tuttlingen
Sole proprietorship
1928
- 08.06.1960 Otto Hohner
D 78532 Tuttlingen
Unregistered
commercial enterprise
BUSINESS
ACTIVITIES
Main
industrial sector
28290 Manufacture of other general-purpose
machinery
FINANCIAL
INFORMATION
Payment
experience: within agreed terms
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).
REAL
ESTATE
Type
of ownership: Tenant
Address Gänsäcker 19
D 78532 Tuttlingen
Real
Estate of: Claus-Otto Hohner
Type
of ownership: proprietor
Share: 100.00 %
Address Elsa-Brandström-Weg 1
D 78532 Tuttlingen
Real
Estate of: Hans-Peter Schöllhorn
Type
of ownership: proprietor
Share: 100.00 %
Address Unter Hoch 3
D 78532 Tuttlingen
Land
register documents were not available.
BANKERS
Principal
bank
VOLKSBANK
SCHWARZWALD-DONAU-NECKAR, 78513 TUTTLINGEN
Sort.
code: 64390130, Account no.: 1842005
BIC:
GENODES1TUT, IBAN: DE38643901300001842005
Further
banks
DEUTSCHE
BANK, 72425 ALBSTADT
Sort.
code: 65370075, Account no.: 215270000
BIC:
DEUTDESS653, IBAN: DE36653700750215270000
COMMERZBANK
VORMALS DRESDNER BANK, 78506 TUTTLINGEN
Sort.
code: 64380011, Account no.: 272637300
BIC:
DRESDEFF643, IBAN: DE25643800110272637300
KREISSPARKASSE
TUTTLINGEN, 78502 TUTTLINGEN
Sort.
code: 64350070, Account no.: 55031
BIC:
SOLADES1TUT, IBAN: DE86643500700000055031
FINANCIAL
FIGURES
Gross
profit or loss:2016
EUR 9,295,522.00
Profit: 2016 EUR 473,825.00
Equipment: EUR 64,368.00
Ac/ts
receivable:
EUR 2,712,135.00
Liabilities: EUR 2,922,302.00
Employees:
97
-
thereof permanent staff:
88
-
Trainees:
9
BALANCE
SHEETS
Balance
sheet ratios 01.01.2016 - 31.12.2016
Equity
ratio [%]: 56.22
Liquidity
ratio: 1.34
Return
on total capital [%]: 5.25
Balance
sheet ratios 01.01.2015 - 31.12.2015
Equity
ratio [%]: 53.12
Liquidity
ratio: 1.25
Return
on total capital [%]: 10.02
Balance
sheet ratios 01.01.2014 - 31.12.2014
Equity
ratio [%]: 42.89
Liquidity
ratio: 0.90
Return
on total capital [%]: 5.72
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 37.03
Liquidity
ratio: 0.79
Return
on total capital [%]: 3.55
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.
Financial
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 9,043,919.14
Fixed assets EUR 1,889,807.81
Intangible assets EUR 34,756.00
Other / unspecified intangible
assetsEUR 34,756.00
Tangible assets EUR 64,368.00
Other tangible assets / fixtures and
fittings EUR 64,368.00
Financial assets EUR 1,790,683.81
Shares in participations /
subsidiaries and the like EUR 594,663.69
Shares in related companies EUR 594,663.69
Loans to participations /
subsidiaries and the like EUR 1,016,647.00
Loans to related companies EUR 1,016,647.00
Other / unspecified financial assets
EUR 179,373.12
Current assets EUR 7,140,424.40
Stocks EUR 3,883,740.17
Accounts receivable EUR 2,712,134.69
Amounts due from related companies EUR
2,083,142.20
Other debtors and assets EUR 628,992.49
Liquid means EUR 544,549.54
Remaining other assets EUR 13,686.93
Accruals (assets) EUR 13,686.93
LIABILITIES EUR 9,043,919.14
Shareholders' equity EUR 4,736,105.65
Capital EUR 306,775.12
Subscribed capital (share capital) EUR 306,775.12
Balance sheet profit/loss (+/-) EUR 4,429,330.53
Profit / loss brought forward EUR 3,955,505.27
Annual surplus / annual deficit EUR 473,825.26
Provisions EUR 1,385,511.12
Liabilities EUR 2,922,302.37
Financial debts EUR 1,562,233.12
Liabilities due to banks EUR 1,562,233.12
Other liabilities EUR 1,360,069.25
Liabililties due to related
companiesEUR 221,425.48
Unspecified other liabilities EUR 1,138,643.77
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 9,295,521.56
Staff expenses EUR 6,342,373.77
Wages and salaries EUR 5,060,450.11
Social security contributions and
expenses for pension plans and
benefits EUR 1,281,923.66
Total depreciation EUR 29,178.16
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 29,178.16
Other operating expenses EUR 2,571,258.54
Operating result from continuing
operations EUR 352,711.09
Interest result (+/-) EUR 23,406.98
Interest and similar income EUR 131,431.93
thereof from related companies EUR 125,071.59
Interest and similar expenses EUR 108,024.95
Other financial result EUR 100,834.98
Income from securities and loans from
financial assets EUR 100,834.98
Financial result (+/-) EUR 124,241.96
Result from ordinary operations (+/-) EUR
476,953.05
Income tax / refund of income tax
(+/-)EUR 1.21
Other taxes / refund of taxes EUR -3,129.00
Tax (+/-) EUR -3,127.79
Annual surplus / annual deficit EUR 473,825.26
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 8,862,055.42
Fixed assets EUR 2,633,306.21
Intangible assets EUR 47,822.00
Other / unspecified intangible
assetsEUR 47,822.00
Tangible assets EUR 72,163.00
Other tangible assets / fixtures and
fittings EUR 72,163.00
Financial assets EUR 2,513,321.21
Shares in participations /
subsidiaries and the like EUR 594,663.69
Shares in related companies EUR 594,663.69
Loans to participations /
subsidiaries and the like EUR 968,236.00
Loans to related companies EUR 968,236.00
Other / unspecified financial assets
EUR 950,421.52
Current assets EUR 6,086,860.61
Stocks EUR 3,480,332.70
Accounts receivable EUR 2,344,717.51
Amounts due from related companies EUR
1,773,597.99
Other debtors and assets EUR 571,119.52
Liquid means EUR 261,810.40
Remaining other assets EUR 141,888.60
Accruals (assets) EUR 141,888.60
LIABILITIES EUR 8,862,055.42
Shareholders' equity EUR 4,262,280.39
Capital EUR 306,775.12
Subscribed capital (share capital) EUR 306,775.12
Balance sheet profit/loss (+/-) EUR 3,955,505.27
Profit / loss brought forward EUR 3,073,088.24
Annual surplus / annual deficit EUR 882,417.03
Provisions EUR 2,000,308.45
Liabilities EUR 2,599,466.58
Financial debts EUR 1,685,987.28
Liabilities due to banks EUR 1,685,987.28
Other liabilities EUR 913,479.30
Liabililties due to related
companiesEUR 53,291.93
Unspecified other liabilities EUR 860,187.37
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 9,002,687.97
Staff expenses EUR 5,998,388.67
Wages and salaries EUR 4,905,629.25
Social
security contributions and
expenses for pension plans and
benefits EUR 1,092,759.42
Total depreciation EUR 30,906.92
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 30,906.92
Other operating expenses EUR 2,053,477.47
Operating result from continuing
operations EUR 919,914.91
Interest result (+/-) EUR -118,789.30
Interest and similar income EUR 141,742.17
thereof from related companies EUR 132,746.20
Interest and similar expenses EUR 260,531.47
Other financial result EUR 93,570.92
Income from securities and loans from
financial assets EUR 93,570.92
Financial result (+/-) EUR -25,218.38
Result from ordinary operations (+/-) EUR
894,696.53
Extraordinary expenses EUR 3,282.50
Extraordinary result (+/-) EUR -3,282.50
Income tax / refund of income tax
(+/-)EUR -5,206.00
Other taxes / refund of taxes EUR -3,791.00
Tax (+/-) EUR -8,997.00
Annual surplus / annual deficit EUR 882,417.03
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
INR 68.26 |
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|
1 |
INR 91.22 |
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Euro |
1 |
INR 79.88 |
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EUR |
1 |
INR 79.03 |
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 : |
POJ |
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 |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
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.