|
Report Date : |
10.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
INGE GMBH |
|
|
|
|
Registered Office : |
Flurstr. 27, D 86926 Greifenberg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
11.07.2008 |
|
|
|
|
Com. Reg. No.: |
HRB 23537 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Agents involved in the sale of other goods |
|
|
|
|
No. of Employees : |
72 |
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 |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
itigation : |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 |
inge GmbH
Flurstr. 27
D 86926 Greifenberg
Telephone:08192/997700
Telefax: 08192/997999
Homepage: www.inge.ag
E-mail: info@inge.ag
Company Status: active
DE213269940
LEGAL FORM Private limited company
Date of foundation: 25.08.2000
Shareholders'
agreement: 04.04.2008
Registered on: 11.07.2008
Commercial Register: Local court 86150 Augsburg
under: HRB 23537
Share capital: EUR 1,000,000.00
BASF watertechnologies GmbH & Co. KG
Carl-Bosch-Str. 38
D 67063 Ludwigshafen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 100.00
contribution:
Share: EUR 1,000,000.00
Registered on: 15.08.2011
Reg. data: 67061 Ludwigshafen, HRA 60837
Dr. Peter Berg
Dyckerhoffstr. 4a
D 86919 Utting
authorized to jointly represent the company
born: 17.07.1966
Manager:
Bruno Steis
Sintzenichstr. 6
D 81479 München
born: 09.07.1957
Manager:
Dr. Tilo Habicher
D 67346 Speyer
born: 03.07.1969
Markus Erner
D 86919 Utting
authorized to jointly represent the company
born: 15.03.1967
Further functions/participations of Dr. Peter
Berg (Manager)
Shareholder:
Thi Vermögensverwaltungs- und
Technologiebeteiligungs GmbH
Landsberger Str. 23a
D 86919 Utting
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 06.10.2004
Reg. data: 86150 Augsburg, HRB 20791
Manager:
Thi Vermögensverwaltungs- und
Technologiebeteiligungs GmbH
Landsberger Str. 23a
D 86919 Utting
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 06.10.2004
Reg. data: 86150 Augsburg, HRB 20791
25.08.2000 - 24.07.2002 IN/GE AG (AG München, HRB 135278)
Zeppelinstr. 4
D 85399 Hallbergmoos
Public limited company
24.07.2002 - 08.11.2002 IN/GE AG
Flurstr. 17
D 86926 Greifenberg
Public limited company
08.11.2002 - 11.07.2008 inge AG
Flurstr. 27
D 86926 Greifenberg
Public limited company
Main industrial
sector
3299 Other manufacturing n.e.c.
Secondary industrial
sector
46189 Agents involved in the sale of other goods n.e.c.
7219 Other research and experimental development on naturalsciences and engineering
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Flurstr. 27
D 86926 Greifenberg
Land register documents were not available.
STADTSPARKASSE MÜNCHEN, MÜNCHEN
Sort. code: 70150000, Account no.: 115345, BIC: SSKMDEMMXXX
Turnover: 2011 EUR 7,776,302.00
Profit: 2011 EUR -5,388,145.00
Equipment: EUR 500,022.00
Ac/ts
receivable:
EUR 324,545,005.00
Liabilities: EUR 325,426,737.00
Employees:
72
- thereof permanent
staff:
57
- Part-time
employees: 6
- Trainees:
1
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio
[%]: -0.21
Liquidity
ratio: 1.00
Return on total
capital [%]: -1.64
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio
[%]: 62.17
Liquidity
ratio: 1.79
Return on total
capital [%]: 10.54
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio
[%]: 39.44
Liquidity
ratio: 0.49
Return on total
capital [%]: -24.97
Balance sheet ratios
01.01.2008 - 31.12.2008
Equity ratio
[%]: 3.00
Liquidity
ratio: 0.26
Return on total
capital [%]: -14.00
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 329,575,405.80
Fixed assets EUR 2,624,364.58
Intangible assets EUR 40,856.00
Concessions, licences,
rights EUR 40,856.00
Tangible assets EUR 2,559,508.58
Plant / machinery EUR 1,881,531.93
Other tangible assets /
fixtures and
fittings EUR 500,022.00
Advance payments made /
construction
in progress EUR 177,954.65
Financial assets EUR 24,000.00
Other loans EUR 24,000.00
Current assets EUR 326,913,253.73
Stocks EUR 1,952,135.53
Raw materials,
consumables and
supplies EUR 707,068.39
Finished goods / work
in progress EUR 1,245,067.14
Accounts receivable EUR 324,545,005.11
Trade debtors EUR 1,508,624.09
Amounts due from
related companies EUR 322,724,801.61
Other debtors and
assets EUR 311,579.41
Liquid means EUR 416,113.09
Remaining other
assets EUR 37,787.49
Accruals (assets) EUR 37,787.49
LIABILITIES EUR 329,575,405.80
Shareholders' equity EUR 112,820.19
Capital EUR 1,000,000.00
Subscribed capital
(share capital) EUR 1,000,000.00
Balance sheet
profit/loss (+/-) EUR -887,179.81
Balance sheet profit /
loss EUR -887,179.81
Provisions EUR 4,035,849.00
Provisions for
taxes EUR 3,568,089.00
Other / unspecified
provisions EUR 467,760.00
Liabilities EUR 325,426,736.61
Financial debts EUR 60,000.00
Liabilities due to
banks EUR 60,000.00
Other liabilities EUR 325,366,736.61
Trade creditors (for
IAS incl. bills
of exchange) EUR 273,548.51
Liabilities from
received advance
payments EUR 35,627.00
Liabililties due to
related companiesEUR
325,000,000.00
Unspecified other
liabilities EUR 57,561.10
thereof liabilities
from tax /
financial
authorities EUR 43,994.97
thereof liabilities
from social
security EUR 12,608.73
Guarantees and other
commitments EUR 141,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 7,776,301.97
Inventory change + own
costs (+/-) EUR 395,789.61
Inventory change (+/-) EUR 395,789.61
Other operating
income EUR 369,292.55
Cost of materials EUR 3,111,861.71
Raw materials and
supplies, purchased
goods EUR 3,027,566.09
Purchased services EUR 84,295.62
Gross result (+/-) EUR 5,429,522.42
Staff expenses EUR 3,467,419.32
Wages and salaries EUR 2,943,851.02
Social security
contributions and
expenses for pension
plans and
benefits EUR 523,568.30
Total depreciation EUR 597,808.87
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 597,808.87
Other operating
expenses EUR 2,941,897.97
Operating result from
continuing
operations EUR -1,577,603.74
Interest result
(+/-) EUR -240,099.90
Interest and similar
income EUR 43,497.13
thereof from related
companies EUR 42,141.52
Interest and similar
expenses EUR 283,597.03
thereof paid to related
companies EUR 58,671.12
Financial result
(+/-) EUR -240,099.90
Result from ordinary
operations (+/-) EUR -1,817,703.64
Income tax / refund of
income tax (+/-)EUR -3,568,089.00
Other taxes / refund of
taxes EUR -2,352.51
Tax (+/-) EUR -3,570,441.51
Annual surplus / annual
deficit EUR -5,388,145.15
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2010 - 31.12.2010
ASSETS EUR 8,171,252.26
Fixed assets EUR 2,637,693.00
Intangible assets EUR 83,828.00
Concessions, licences,
rights EUR 83,828.00
Tangible assets EUR 2,529,865.00
Plant / machinery EUR 1,902,989.00
Other tangible assets /
fixtures and
fittings EUR 585,626.00
Advance payments made /
construction
in progress EUR 41,250.00
Financial assets EUR 24,000.00
Other loans EUR 24,000.00
Current assets EUR 5,529,371.68
Stocks EUR 1,626,651.89
Raw materials,
consumables and
supplies EUR 791,048.80
Finished goods / work
in progress EUR 835,603.09
Accounts receivable EUR 3,016,715.84
Trade debtors EUR 2,624,859.77
Other debtors and
assets EUR 391,856.07
Liquid means EUR 886,003.95
Remaining other
assets EUR 4,187.58
Accruals (assets) EUR 4,187.58
LIABILITIES EUR 8,171,252.26
Shareholders' equity EUR 3,625,965.34
Capital EUR 1,000,000.00
Subscribed capital
(share capital) EUR 1,000,000.00
Reserves EUR 21,359,938.44
Capital reserves EUR 21,359,938.44
Balance sheet
profit/loss (+/-) EUR -18,733,973.10
Balance sheet profit /
loss EUR
-18,733,973.10
Provisions EUR 499,420.00
Other / unspecified
provisions EUR 499,420.00
Liabilities EUR 4,045,866.92
Financial debts EUR 180,000.00
Liabilities due to
banks EUR 180,000.00
Other liabilities EUR 3,865,866.92
Trade creditors (for
IAS incl. bills
of exchange) EUR 796,451.77
Liabilities from
received advance
payments EUR 132,653.85
Liabililties due to
related companiesEUR
1,750,567.62
Unspecified other
liabilities EUR 1,186,193.68
thereof liabilities
from tax /
financial
authorities EUR 30,327.49
thereof liabilities
from social
security EUR 10,560.27
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 10,436,526.05
Inventory change + own
costs (+/-) EUR 380,439.89
Inventory change
(+/-) EUR 380,439.89
Other operating
income EUR 627,570.68
Cost of materials EUR 3,917,557.43
Raw materials and
supplies, purchased
goods EUR 3,665,903.37
Purchased services EUR 251,654.06
Gross result (+/-) EUR 7,526,979.19
Staff expenses EUR 2,951,921.82
Wages and salaries EUR 2,508,276.86
Social security
contributions and
expenses for pension
plans and
benefits EUR 443,644.96
Total depreciation EUR 557,264.47
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 557,264.47
Other operating
expenses EUR 2,987,835.88
Operating result from
continuing
operations EUR 1,029,957.02
Interest result
(+/-) EUR
-170,443.32
Interest and similar
income EUR 1,876.97
Interest and similar
expenses EUR 172,320.29
Financial result
(+/-) EUR -170,443.32
Result from ordinary
operations (+/-) EUR 859,513.70
Expenses for transfer of
profits to a
parent company EUR 80,795.86
Other taxes / refund of
taxes EUR -2,681.00
Tax (+/-) EUR -2,681.00
Annual surplus / annual
deficit EUR 776,036.84
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.24 |
|
UK Pound |
1 |
Rs.84.29 |
|
Euro |
1 |
Rs.71.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.