MIRA
INFORM REPORT
|
Report Date : |
11.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
ibc solar ag |
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Registered Office : |
Am Hochgericht 10 D 96231 Bad Staffelstein Post Box: 1107, D 96225 Bad
Staffelstein, |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
25.08.2000 |
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Com. Reg. No.: |
HRB 3261 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Production of electricity without external procurement for
distribution |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
EUR 250.000 |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Name and address
IBC Solar AG
Company Status: active
Main address:
Am Hochgericht 10
D 96231 Bad Staffelstein
Post Box:
1107, D 96225 Bad Staffelstein
Telephone:09573/9224-0
Telefax:
09573/9224-111
Homepage: www.ibc-solar.de
E-mail:
info@ibc-solar.de
VAT no.
DE243867923
Tax ID number
230/169/00001
CONCLUSION
The company is considered solvent for credits within its scope of
business.
Registration data
LEGAL FORM Public limited company
Date of foundation: 25.08.2000
Registered on: 01.12.2000
Commercial Register: Local
court 96450
under: HRB 3261
Share capital
EUR 20.000.000,00
President of the Board of Directors
Udo Möhrstedt
Hirtengasse 9a
D 96231 Bad Staffelstein
having sole power of representation
born: 27.05.1940
Profession: Fully qualified physicist
Marital status: married
Member
of the Board of Directors:
Norbert Hahn
D 96482 Ahorn
born: 08.02.1957
Member
of the Board of Directors:
Jörg Eggersdorfer
D 61350
born: 27.07.1967
President
of the Supervisory Board:
Gertrud Moll-Möhrstedt
Hirtengasse 9a
D 96231 Bad Staffelstein
born: 29.05.1947
née: Moll
Profession: Fully qualified merchant
Marital status: married
Vice-president
of the Supervisory Board:
Dr. Christian Klose
D 96231 Bad Staffelstein
Profession: Solicitor
Member
of the Supervisory Board:
Heinrich Wedemeyer
D 95679 Waldershof
Member
of the Supervisory Board:
Dr. Peter Thomsen
D 96231 Bad Staffelstein
Profession: Solicitor
Proxy
Rudolf Sebald
Ringstr. 15
D 96182 Reckendorf
having sole power of representation
born: 20.07.1959
Proxy:
Karin Friedrich
D 96215 Lichtenfels
having sole power of representation
born: 06.11.1964
Proxy:
Christian Lieberth
D 96175 Pettstadt
having sole power of representation
born: 21.01.1964
Proxy:
Walter Steck
D 96047
having sole power of representation
born: 22.10.1951
Further functions/participations of Udo Möhrstedt
(President
of the Board of Directors)
Limited
partner:
Möhrstedt Grundstücksverw. AG& Co.KG
Am Hochgericht 10
D 96231 Bad Staffelstein
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 100.000,00
contribution:
Share: EUR 100.000,00
Registered
on:
01.12.2000
Reg. data:
96450
Limited
partner:
Möhrstedt Grundstücksverwaltung AG & Co.
KG
Am Hochgericht 10
D 96231 Bad Staffelstein
Legal form: Limited partnership with public
limited company as gen. part
Total cap. EUR 10.225,84
contribution:
Share:
EUR 10.225,84
Registered
on:
01.12.2000
Reg. data:
96450
Shareholder:
Sun Value GmbH
Am Hochgericht 10
D 96231 Bad Staffelstein
Legal form: Private limited company
Share capital: EUR 500.000,00
Share: EUR 380.000,00
Registered
on:
23.05.2006
Reg. data:
96450
Shareholder:
Photon Holding GmbH
Jülicher Str. 376
D 52070
Legal form: Private limited company
Share capital: EUR 300.000,00
Share: EUR 16.000,00
Registered
on:
01.03.1996
Reg. data:
52070
Manager:
Sun Value GmbH
Am Hochgericht 10
D 96231 Bad Staffelstein
Legal form: Private limited company
Share capital: EUR
500.000,00
Registered
on:
23.05.2006
Reg. data:
96450
Shareholder:
SOLARWATT AG
Maria-Reiche-Str. 2a
D 01109
Legal form: Public limited company
Share capital: EUR 9.278.734,00
Registered
on:
11.10.2005
Reg. data:
01099
RESIGNED ACTING PERSONS AND SHAREHOLDERS
17.12.2007 - 21.12.2010 Member of
the Supervisory Board
Viktor
Hospach
D 96231
Bad Staffelstein
14.02.2008 - 07.01.2009 Member of
the Board of Directors
Thomas C.
Sauer
D 60308
BUSINESS ACTIVITIES
Sectors
35113 Production of electricity
without external procurement
for distribution
71129 Other engineering
activities
96090 Other service activities
n. e. c.
PARTICIPATIONS
General
partner:
Möhrstedt Grundstücksverwaltung AG & Co.
KG
Am Hochgericht 10
D 96231 Bad Staffelstein
Legal form: Limited partnership with public
limited company as gen. part
Company Status: active
Total cap. EUR 10.225,84
contribution:
Reg. data:
01.12.2000
Local court 96450
HRA 3833
General
partner:
Möhrstedt Grundstücksverw. AG& Co.KG
Am Hochgericht 10
D 96231 Bad Staffelstein
Legal form: Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total cap. EUR 100.000,00
contribution:
Reg. data:
01.12.2000
Local court 96450
HRA 3833
Limited
partner:
Akkumulatorenfabrik Moll GmbH & Co. KG
Angerstr. 50
D 96231 Bad Staffelstein
Post Box:
1120
Legal form: Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total cap. EUR 750.000,00
contribution:
Share: EUR 540.000,00
Reg. data:
09.07.1949
Local court 96450
HRA 1118
Shareholder:
KPM Service GmbH
Heimelstr. 20b
D 66131 Saarbrücken
Legal form: Private limited company
Company Status: active
Share capital: EUR 5.102.500,00
Share: EUR
5.077.498,00
Reg. data:
05.05.2009
Local court 66121 Saarbrücken
HRB 17783
Shareholder:
FEG - Elektronik Fertigungs- und
Entwicklungs GmbH
Franz-Mehring-Str. 18
D 99610 Sömmerda
Legal form: Private limited company
Company Status: active
Share capital: EUR 500.000,00
Share: EUR 450.000,00
Reg. data:
04.05.1992
Local court 07745
HRB 104028
Shareholder:
MOLL Accu Engineering und Marketing GmbH
Frankenring 1
D 96231 Bad Staffelstein
Legal form: Private limited company
Company Status: active
Share capital: EUR 200.000,00
Share: EUR 100.000,00
Reg. data:
01.09.2004
Local court 96450
HRB 3872
Shareholder:
KPM Sun GmbH
Heimelstr. 20b
D 66131 Saarbrücken
Legal form: Private limited company
Company Status: active
Share capital: EUR 51.025,00
Share: EUR 26.023,00
Reg. data:
01.03.2011
Local court 66121 Saarbrücken
HRB 19285
Shareholder:
IBC SOLAR Invest GmbH
Am Hochgericht 10
D 96231 Bad Staffelstein
Legal form: Private limited company
Company Status: active
Share capital: EUR 25.000,00
Share: EUR 25.000,00
Reg. data:
25.03.2003
Local court 96450
HRB 3675
Shareholder:
IBC Solar Projects GmbH
Am Hochgericht 10
D 96231 Bad Staffelstein
Legal form: Private limited company
Company Status: active
Share capital: EUR 25.000,00
Share: EUR 25.000,00
Reg. data:
14.12.2010
Local court 96450
HRB 4913
Shareholder:
KAITO Energie AG
Pettenkoferstr. 24 RGB
D 80336 München
Legal form: Public limited company
Company Status: active
Share capital: EUR 337.500,00
Share: < 0,000 %
Reg. data:
21.02.2008
Local court 80797 München
HRB 172387
FINANCIAL INFORMATION
Payment experience: within agreed
terms
Negative information:We have no negative information at hand.
Maximum credit: > 250.000
EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership: Tenant
Address Am
Hochgericht 10
D 96231 Bad
Staffelstein
Land register documents were not available.
BANKERS
DEUTSCHE BANK,
Sort. code: 76070012, Account no.: 8068017, BIC: DEUTDEMM760
POSTBANK, NÜRNBERG, MITTELFR
Sort. code: 76010085, Account no.: 98600851, BIC: PBNKDEFF760
SEB MERCHANT BANK
Sort. code: 20020200, Account no.: 37024004, BIC: ESSEDEFFHAM
UMWELTBANK, NÜRNBERG, MITTELFR
Sort. code: 76035000, Account no.: 197971, BIC: UMWEDE71XXX
SPARKASSE COBURG-LICHTENFELS, BAD STAFFELSTEIN
Sort. code: 78350000, Account no.: 92534940, BIC: BYLADEM1COB
FINANCIAL FIGURES
Turnover: 2009 EUR 840.835.314,00
Profit: 2009 EUR
38.432.455,00
Employees:
208
-
Trainees:
7
BALANCE SHEETS
Balance
sheet ratios 2009
Equity
ratio [%]: 50,99
Liquidity
ratio: 10,00
Return
on total capital [%]: 18,36
Balance
sheet ratios 2008
Equity
ratio [%]: 43,12
Liquidity
ratio: 0,42
Return
on total capital [%]: 14,72
Balance
sheet ratios 2007
Equity
ratio [%]: 45,90
Liquidity
ratio: 1,05
Return
on total capital [%]: 14,66
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
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 209.374.421,22
Fixed assets EUR 16.954.594,28
Intangible assets EUR 159.175,00
Concessions, licences, rights EUR 159.175,00
Tangible assets EUR 2.447.121,00
Land / similar rights EUR 232.496,00
Plant / machinery EUR 199.883,50
Other tangible assets / fixtures and
fittings EUR 2.010.766,50
Advance payments made / construction
in progress EUR 3.975,00
Financial assets EUR 14.348.298,28
Shares in participations /
subsidiaries and the like EUR 14.348.298,28
Shares in related companies EUR 6.742.775,45
Shares in investee companies EUR 7.605.522,83
Current assets EUR 192.195.651,86
Stocks EUR 56.698.483,74
Finished goods / work in progress EUR
38.303.661,08
Advance payments made EUR 18.394.822,66
Accounts receivable EUR 58.908.845,71
Trade debtors EUR 17.859.649,18
Amounts due from related companies EUR
10.942.093,79
Amounts due from investee companies EUR
7.828.835,19
Other debtors and assets EUR 22.278.267,55
Liquid means EUR 76.588.322,41
Remaining other assets EUR 224.175,08
Accruals (assets) EUR 224.175,08
LIABILITIES EUR 209.374.421,22
Shareholders' equity EUR 106.799.361,03
Capital EUR 20.000.000,00
Subscribed capital (share capital) EUR
20.000.000,00
Reserves EUR 2.000.000,00
Retained earnings / revenue reserves
EUR 2.000.000,00
Balance sheet profit/loss (+/-) EUR 84.799.361,03
Profit / loss brought forward EUR 46.366.906,08
Annual surplus / annual deficit EUR 38.432.454,95
Provisions EUR 24.301.224,88
Provisions for taxes EUR 9.634.699,88
Other / unspecified provisions EUR 14.666.525,00
Liabilities EUR 78.273.835,31
Financial debts EUR 5.008.351,03
Liabilities due to banks EUR 5.008.351,03
Other liabilities EUR 73.265.484,28
Trade creditors (for IAS incl. bills
of exchange) EUR 49.659.568,63
Liabilities from received advance
payments EUR 1.494.745,66
Liabililties due to related
companiesEUR 40.774,87
Liabilities due to investee
companiesEUR 3.047.209,99
Unspecified other liabilities EUR
19.023.185,13
thereof liabilities from tax /
financial authorities EUR 15.676.369,46
thereof liabilities from social
security EUR 134,13
Profit
and loss account (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 840.835.313,53
Other operating income EUR 150.183,24
Cost of materials EUR 739.435.374,98
Raw materials and supplies, purchased
goods EUR 738.108.942,80
Purchased services EUR 1.326.432,18
Gross result (+/-) EUR 101.550.121,79
Staff expenses EUR 13.693.949,46
Wages and salaries EUR 11.935.266,90
Social security contributions and
expenses for pension plans and
benefits EUR 1.758.682,56
Total depreciation EUR 2.615.509,93
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 844.288,62
Depreciation on current assets (+/-) EUR
1.771.221,31
Other operating expenses EUR 29.053.347,26
Operating result from continuing
operations EUR 56.187.315,14
Result from participating interests
(+/-) EUR 235.112,92
Expenses / income from participations
EUR 235.112,92
Income from related companies EUR 235.112,92
Interest result (+/-) EUR -326.013,88
Interest and similar income EUR 1.214.688,35
Interest and similar expenses EUR 1.540.702,23
Other financial result EUR -1.702.787,00
Depreciation on financial assets and
marketable securities EUR 1.702.787,00
Financial result (+/-) EUR -1.793.687,96
Result from ordinary operations (+/-) EUR
54.393.627,18
Income tax / refund of income tax
(+/-)EUR -15.952.817,48
Other taxes / refund of taxes EUR -8.354,75
Tax (+/-) EUR -15.961.172,23
Annual surplus / annual deficit EUR 38.432.454,95
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2008 - 31.12.2008
ASSETS EUR 158.369.010,38
Fixed assets EUR 9.787.525,11
Intangible assets EUR 283.915,50
Concessions, licences, rights EUR 283.915,50
Tangible assets EUR 2.278.634,21
Land / similar rights EUR 278.614,00
Plant / machinery EUR 154.153,50
Other tangible assets / fixtures and
fittings EUR 1.751.185,00
Advance payments made / construction
in progress EUR 94.681,71
Financial assets EUR 7.224.975,40
Shares in participations /
subsidiaries and the like EUR 7.224.975,40
Shares in related companies EUR 3.595.004,00
Shares in investee companies EUR 3.629.971,40
Current assets EUR
148.397.363,45
Stocks EUR 109.510.801,92
Finished goods / work in progress EUR
93.505.553,40
Advance payments made EUR 16.005.248,52
Accounts receivable EUR 31.349.000,68
Trade debtors EUR 13.745.164,37
Amounts due from related companies EUR
1.882.107,48
Amounts due from investee companies EUR
11.232.312,86
Other debtors and assets EUR 4.489.415,97
Liquid means EUR 7.537.560,85
Remaining other assets EUR 184.121,82
Accruals (assets) EUR 184.121,82
LIABILITIES EUR 158.369.010,38
Shareholders' equity EUR 68.366.906,08
Capital EUR 20.000.000,00
Subscribed capital (share capital) EUR
20.000.000,00
Reserves EUR 2.000.000,00
Retained earnings / revenue reserves
EUR 2.000.000,00
Balance sheet profit/loss (+/-) EUR 46.366.906,08
Profit / loss brought forward EUR 23.075.830,22
Annual surplus / annual deficit EUR 23.291.075,86
Provisions EUR 7.151.130,00
Provisions for taxes EUR 296.630,00
Other / unspecified provisions EUR 6.854.500,00
Liabilities EUR 82.850.974,30
Financial debts EUR 9.530.913,10
Liabilities due to banks EUR 9.530.913,10
Other liabilities EUR 73.320.061,20
Trade creditors (for IAS incl. bills
of exchange) EUR 60.152.973,49
Liabilities from received advance
payments EUR 566.212,29
Liabililties due to related
companiesEUR 1.481.078,98
Unspecified other liabilities EUR 11.119.796,44
thereof liabilities from tax /
financial authorities EUR 9.833.189,26
Profit
and loss account (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 759.208.538,88
Other operating income EUR 313.650,96
Cost of materials EUR 688.862.152,63
Raw materials and supplies, purchased
goods EUR 685.488.946,61
Purchased services EUR 3.373.206,02
Gross result (+/-) EUR 70.660.037,21
Staff expenses EUR 11.014.097,49
Wages and salaries EUR 9.646.671,32
Social security contributions and
expenses for pension plans and
benefits EUR 1.367.426,17
Total depreciation EUR 9.060.734,12
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 639.757,12
Depreciation on current assets (+/-) EUR
8.420.977,00
Other operating expenses EUR 18.186.826,29
Operating result from continuing
operations EUR 32.398.379,31
Result from participating interests
(+/-) EUR 222.196,08
Expenses / income from participations
EUR 222.196,08
Income from related companies EUR 222.196,08
Interest result (+/-) EUR -610.084,14
Interest and similar income EUR
386.235,30
Interest and similar expenses EUR 996.319,44
Financial result (+/-) EUR -387.888,06
Result from ordinary operations (+/-) EUR
32.010.491,25
Income tax / refund of income tax (+/-)EUR -8.709.730,67
Other taxes / refund of taxes EUR -9.684,72
Tax (+/-) EUR -8.719.415,39
Annual surplus / annual deficit
EUR 23.291.075,86
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.11 |
|
|
1 |
Rs.72.91 |
|
Euro |
1 |
Rs.62.56 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.