|
Report Date : |
21.03.2013 |
INERTEC Löttechnik GmbH
Company Status: active
Kreuzstr. 17
D
97892 Kreuzwertheim
Telephone:09342/9219-0
Telefax: 09342/9219-10
Homepage: www.inertec.de
E-mail:
inertec_loettechnik@t-online.de
DE234482323
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 13.02.1992
Shareholders'
agreement: 13.02.1992
Registered on: 19.01.1999
Commercial Register: Local court 97070 Würzburg
under: HRB
6434
EUR 52,000.00
Andreas Hohnerlein
Ringstr. 7
D
97892 Kreuzwertheim
born:
29.07.1971
Share: EUR 52,000.00
Manager:
Andreas Hohnerlein
Ringstr. 7
D
97892 Kreuzwertheim
having
sole power of representation
born:
29.07.1971
Profession: Technical engineer
13.02.1992 -
23.11.1998 INERTEC Löttechnik GmbH (HRB
299-W, AG
Tauberb. )
Nebenzollgasse 2
D
97877 Wertheim
Private limited company
14.09.1999 -
21.01.2013 Manager
Elsbeth Hohnerlein
D
97892 Kreuzwertheim
Sectors
27900 Manufacture of other electric equipment
n.e.c.
4669 Wholesale of other
machinery, equipment and supplies
Payment experience: without complaints
Negative information:We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Kreuzstr. 17
D
97892 Kreuzwertheim
Land register documents
were not available.
Principal bank
COMMERZBANK VORMALS
DRESDNER BANK, WERTHEIM A MAIN
Sort. code: 79080052, BIC:
DRESDEFF790
Further bank
VOLKSBANK MAIN-TAUBER,
WERTHEIM A MAIN
Sort. code: 67390000, BIC:
GENODE61WTH
Turnover: 2012 EUR 1,620,000.00
Equipment: EUR 72,000.00
Total numbers of vehicles: 3
Employees:
12
-
thereof permanent staff: 12
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 [%]: 81.63
Liquidity ratio: 10.00
Return on total capital [%]: 22.62
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 83.51
Liquidity ratio: 10.00
Return on total capital [%]: 19.58
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 89.05
Liquidity ratio: 10.00
Return on total capital [%]: -3.48
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 93.22
Liquidity ratio: 10.00
Return
on total capital [%]: -42.93
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 5,557,567.30
Fixed assets
EUR 152,562.00
Intangible assets
EUR 6,133.00
Other / unspecified intangible assetsEUR 6,133.00
Tangible assets
EUR 146,429.00
Other / unspecified tangible assets
EUR 146,429.00
Current assets
EUR 5,399,640.30
Stocks
EUR 999,883.58
Accounts receivable
EUR 2,207,487.53
Other debtors and assets
EUR 2,207,487.53
Liquid means EUR 2,192,269.19
Remaining other assets
EUR 5,365.00
Accruals (assets)
EUR 5,365.00
LIABILITIES EUR 5,557,567.30
Shareholders' equity
EUR 3,338,240.18
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Balance sheet profit/loss (+/-)
EUR 3,287,110.99
Balance sheet profit / loss
EUR 3,287,110.99
Provisions
EUR 158,097.62
Liabilities
EUR 2,061,229.50
Other liabilities
EUR 2,061,229.50
Unspecified other liabilities
EUR 2,061,229.50
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 3,824,942.37
Fixed
assets EUR 130,197.00
Intangible assets
EUR 2.00
Other / unspecified intangible assetsEUR 2.00
Tangible assets
EUR 130,195.00
Other / unspecified tangible assets
EUR 130,195.00
Current assets
EUR 3,689,480.37
Stocks
EUR 1,290,750.11
Accounts receivable
EUR 2,003,768.50
Other debtors and assets
EUR 2,003,768.50
Liquid means
EUR 394,961.76
Remaining other assets
EUR 5,265.00
Accruals (assets) EUR 5,265.00
LIABILITIES EUR 3,824,942.37
Shareholders' equity
EUR 2,081,897.41
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Balance sheet profit/loss (+/-)
EUR 2,030,768.22
Balance sheet profit / loss
EUR 2,030,768.22
Provisions
EUR 276,124.56
Liabilities
EUR 1,466,920.40
Other liabilities
EUR 1,466,920.40
Unspecified other liabilities
EUR 1,466,920.40
|
Report Date : |
20.09.2012 |
|
|
|
|
Tel. No.: |
09342-9219-0 |
|
Fax No.: |
09342-9219-60 |
IDENTIFICATION DETAILS
|
Name : |
INERTEC LÖTTECHNIK GMBH |
|
|
|
|
Registered Office : |
Kreuzstr.
17, D 97892 Kreuzwertheim |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
13.02.1992 |
|
|
|
|
Com. Reg. No.: |
HRB 6434 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of other electric
equipment |
|
|
|
|
No. of Employees : |
Not Available |
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 6.0% in 2011. GDP contracted 5.1% in
2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable
primarily to rebounding manufacturing orders and exports - increasingly outside
the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012,
a reflection of the worsening euro-zone financial crisis and the financial
burden it places on Germany as well as falling demand for German exports.
Domestic demand is therefore becoming a more significant driver of Germany's
economic expansion. Stimulus and stabilization efforts initiated in 2008 and
2009 and tax cuts introduced in Chancellor Angela MERKEL's second term
increased Germany's budget deficit to 3.3% in 2010, but slower spending and
higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3%
limit. 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. 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
energy and 46% of its base-load electrical production.
|
Source
: CIA |
INERTEC
Löttechnik GmbH
Kreuzstr.
17
D 97892
Kreuzwertheim
Telephone: 09342/9219-0
Telefax: 09342/9219-10
Homepage:
www.inertec.de
E-mail: inertec_loettechnik@t-online.de
DE234482323
Business
relations are permissible.
LEGAL
FORM Private limited company
Date of
foundation: 13.02.1992
Shareholders'
agreement: 13.02.1992
Registered
on: 19.01.1999
Commercial
Register: Local court 97070 Würzburg
under: HRB 6434
Share
capital: EUR 51,129.19
Andreas
Hohnerlein
Ringstr.
7
D 97892
Kreuzwertheim
born:
29.07.1971
Share: EUR 38,346.89
Shareholder:
Elsbeth
Hohnerlein
Ringstr.
7
D 97892
Kreuzwertheim
born:
01.08.1949
née:
Ohnmeiß
Share: EUR 12,782.30
Elsbeth
Hohnerlein
Ringstr.
7
D 97892
Kreuzwertheim
having
sole power of representation
born:
01.08.1949
née:
Ohnmeiß
Profession:
Industrial manager
Marital
status: married
Manager:
Andreas
Hohnerlein
Ringstr.
7
D 97892
Kreuzwertheim
having
sole power of representation
born:
29.07.1971
Profession:
Technical engineer
13.02.1992
- 23.11.1998 INERTEC Löttechnik GmbH
(HRB 299-W, AG
Tauberb.
)
Nebenzollgasse
2
D 97877
Wertheim
Private
limited company
Sectors
27900 Manufacture of other electric equipment
n.e.c.
4669 Wholesale of other machinery, equipment and
supplies
Payment
experience: without complaints
Negative
information:We have no negative information at hand.
Balance
sheet year: 2010
Type of
ownership: Tenant
Address Kreuzstr. 17
D 97892
Kreuzwertheim
Land
register documents were not available.
Principal
bank
COMMERZBANK
VORMALS DRESDNER BANK, WERTHEIM A MAIN
Sort.
code: 79080052, BIC: DRESDEFF790
Further
bank
VOLKSBANK
MAIN-TAUBER, WERTHEIM A MAIN
Sort.
code: 67390000, BIC: GENODE61WTH
Turnover: 2010 EUR 2,500,000.00
Equipment: EUR 72,000.00
Ac/ts
receivable:
EUR 2,003,769.00
Liabilities: EUR 1,466,920.00
Total
numbers of vehicles: 3
Employees:
12
- thereof
permanent staff: 12
The
aforementioned business figures may partly be estimated
information
based on average values in the line of business.
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 83.51
Liquidity
ratio: 10.00
Return
on total capital [%]: 19.58
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 89.05
Liquidity
ratio: 10.00
Return
on total capital [%]: -3.48
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 93.22
Liquidity
ratio: 10.00
Return
on total capital [%]: -42.93
Balance
sheet ratios 01.01.2007 - 31.12.2007
Equity
ratio [%]: 89.52
Liquidity
ratio: 10.00
Return
on total capital [%]: -1.21
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: 01.01.2010 - 31.12.2010
ASSETS EUR 3,824,942.37
Fixed
assets EUR 130,197.00
Intangible
assets EUR 2.00
Other /
unspecified intangible assetsEUR 2.00
Tangible
assets EUR 130,195.00
Other /
unspecified tangible assets EUR 130,195.00
Current
assets EUR 3,689,480.37
Stocks EUR 1,290,750.11
Accounts receivable EUR 2,003,768.50
Other
debtors and assets EUR 2,003,768.50
Liquid
means EUR 394,961.76
Remaining
other assets EUR 5,265.00
Accruals (assets) EUR 5,265.00
LIABILITIES EUR 3,824,942.37
Shareholders'
equity EUR 2,081,897.41
Capital EUR 51,129.19
Subscribed
capital (share capital) EUR 51,129.19
Balance
sheet profit/loss (+/-) EUR 2,030,768.22
Balance
sheet profit / loss EUR 2,030,768.22
Provisions EUR 276,124.56
Liabilities EUR 1,466,920.40
Other
liabilities EUR 1,466,920.40
Unspecified
other liabilities EUR 1,466,920.40
Type of
balance
sheet: Company balance sheet
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 2,719,489.99
Fixed
assets EUR 169,040.00
Intangible
assets EUR 2.00
Other /
unspecified intangible assetsEUR 2.00
Tangible
assets EUR 169,038.00
Other /
unspecified tangible assets EUR 169,038.00
Current
assets EUR 2,544,185.16
Stocks EUR 517,817.50
Accounts
receivable EUR 872,266.43
Other
debtors and assets EUR 872,266.43
Liquid
means EUR 1,154,101.23
Remaining
other assets EUR 6,264.83
Accruals
(assets) EUR 6,264.83
LIABILITIES EUR 2,719,489.99
Shareholders'
equity EUR 1,333,007.71
Capital EUR 51,129.19
Subscribed
capital (share capital) EUR 51,129.19
Balance
sheet profit/loss (+/-) EUR 1,281,878.52
Balance
sheet profit / loss EUR 1,281,878.52
Provisions EUR 47,309.00
Liabilities EUR 1,339,173.28
Other
liabilities EUR 1,339,173.28
Unspecified
other liabilities EUR 1,339,173.28
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
|
1 |
Rs.92.22 |
|
Euro |
1 |
Rs.79.18 |
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.