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Report Date : |
22.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
IAGE
AUTOTEILE GMBH |
|
|
|
|
Registered Office : |
Karl-Heinz-Fräger-Str. 1 D
34376 Immenhausen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Incorporation : |
2005 |
|
|
|
|
Com. Reg. No.: |
HRB
13700 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Manufacture
of motor vehicles and engines |
|
|
|
|
No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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
declining 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 growth in 2006 and 2007 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 - and its decrease to 6.5% in 2012. GDP contracted
5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7%
in 2012 - a reflection of low investment spending due to crisis-induced
uncertainty and the decreased demand for German exports from recession-stricken
periphery countries. 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. In 2012 Germany reached a budget surplus
of 0.1%. 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. By 2014, the federal
government wants to balance its budget. 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 hopes to replace nuclear power
with renewable energy. 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.
Source
: CIA
IAGE Autoteile GmbH,
Heinrich-Hertz-Str. 99, D
34123 Kassel
The subject of your inquiry
is a branch. We are reporting on the
headquarters.
Correct name : IAGe Autoteile GmbH
Company Status: active
Karl-Heinz-Fräger-Str. 1
D
34376 Immenhausen
Telephone:05674/9983785
Telefax: 05674/9983906
Homepage: www.iage.de
E-mail: info@iage.de
DE024192831
026 236 01193
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 2005
Shareholders'
agreement: 24.03.2005
Registered on: 21.06.2005
Commercial Register: Local court 34117 Kassel
under: HRB
13700
EUR 300,000.00
Jörg
Roth
Heinrich-Grupe-Str. 15
D
34376 Immenhausen
born:
03.06.1974
Share: EUR 300,000.00
Manager:
Jörg
Roth
Heinrich-Grupe-Str.
15
D
34376 Immenhausen
having
sole power of representation
born:
03.06.1974
Marital status: unknown
FURTHER FUNCTIONS/PARTICIPATIONS
OF JÖRG ROTH (MANAGER)
Shareholder:
Fahrzeugbedarf Gesellschaft mit beschränkter
Haftung in Hildesheim
Porschestr. 9
D
31135 Hildesheim
Post Box:
10 04
43, D 31104 Hildesheim
Legal
form: Private limited company
Share
capital: EUR 108,000.00
Share: EUR 2,150.00
Registered
on: 13.09.1946
Reg.
data: 31134 Hildesheim, HRB 111
Main industrial sector
2910 Manufacture of motor vehicles and engines
4531 Wholesale trade in motor vehicle parts and
accessories
Branch:
IAGe
Autoteile GmbH
Über
der Bahn 2
D
34393 Grebenstein
Branch:
IAGe
Autoteile GmbH
Heinrich-Hertz-Str. 99
D
34123 Kassel
TEL.:
0561/3109250
FAX.:
0561/310925200
Payment experience: within periods customary in this trade
Negative information:We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Karl-Heinz-Fräger-Str. 1
D
34376 Immenhausen
Land register documents
were not available.
Principal bank
KASSELER BANK, IMMENHAUSEN,
HESS
Sort. code: 52090000, BIC:
GENODE51KS1
Turnover: 2011 EUR 2,618,000.00
2012 EUR 2,600,000.00
Profit: 2011 EUR 49,428.00
further business figures:
Equipment: EUR 70,000.00
Ac/ts receivable: EUR 922,588.00
Liabilities: EUR 1,568,204.00
Employees:
10
The aforementioned business
figures may partly be estimated
information based on
average values in the line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 31.27
Liquidity ratio: 0.79
Return on total capital [%]: 2.77
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 33.22
Liquidity ratio: 0.95
Return on total capital [%]: -5.56
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 37.13
Liquidity ratio: 2.04
Return on total capital [%]: -14.73
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 22.12
Liquidity ratio: 1.18
Return on total capital [%]: -1.29
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: 01.01.2011 - 31.12.2011
ASSETS EUR 1,907,992.58
Fixed assets
EUR 156,954.00
Intangible assets
EUR 114,828.00
Other / unspecified intangible assetsEUR 114,828.00
Tangible assets
EUR 42,126.00
Other / unspecified tangible assets
EUR 42,126.00
Current assets
EUR 1,718,326.37
Stocks
EUR 771,098.81
Accounts receivable EUR 922,587.57
Other debtors and assets
EUR 922,587.57
Liquid means
EUR 24,639.99
Remaining other assets
EUR 32,712.21
Accruals (assets)
EUR 32,712.21
LIABILITIES EUR 1,907,992.58
Shareholders' equity
EUR 225,932.28
Capital
EUR 300,000.00
Subscribed capital (share capital)
EUR 300,000.00
Balance sheet profit/loss (+/-)
EUR -74,067.72
Profit / loss brought forward
EUR -123,495.55
Annual surplus / annual deficit
EUR 49,427.83
Provisions
EUR 113,856.61
Liabilities
EUR 1,568,203.69
Other liabilities
EUR 1,568,203.69
Unspecified other liabilities
EUR 1,568,203.69
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 1,998,141.11
Fixed assets EUR 209,381.00
Intangible assets
EUR 154,828.00
Other / unspecified intangible assetsEUR 154,828.00
Tangible assets
EUR 54,553.00
Other / unspecified tangible assets
EUR 54,553.00
Current assets
EUR 1,741,834.28
Stocks
EUR 619,959.94
Accounts receivable
EUR 1,106,572.66
Other debtors and assets
EUR 1,106,572.66
Liquid means
EUR 15,301.68
Remaining other assets
EUR 46,925.83
Accruals (assets)
EUR 46,925.83
LIABILITIES EUR 1,998,141.11
Shareholders' equity
EUR 176,504.45
Capital
EUR 300,000.00
Subscribed capital (share capital)
EUR 300,000.00
Balance sheet profit/loss (+/-)
EUR -123,495.55
Profit / loss brought forward
EUR -16,765.71
Annual surplus / annual deficit
EUR -106,729.84
Provisions
EUR 97,481.33
Liabilities
EUR 1,724,155.33
Other liabilities
EUR 1,724,155.33
Unspecified other liabilities
EUR 1,724,155.33
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.46 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.85.12 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.