|
Report Date : |
14.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
INGE GMBH |
|
|
|
|
Registered Office : |
Flurstr. 27, D 86926 Greifenberg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
25.08.2000 |
|
|
|
|
Com. Reg. No.: |
HRB 23537 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
120 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
INGE GMBH
Company Status: active
Flurstr. 27
D 86926 Greifenberg
Telephone :08192/997700
Telefax : 08192/997999
Homepage : www.inge.ag
E-mail : info@inge.ag
VAT no. : DE213269940
Business relations are permissible.
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
Shareholder : 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
Manager : 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 : Daniela Calleri
D 80331 München
Born : 18.11.1977
Proxy :
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
26.03.2012 - 22.07.2013 Manager
Dr.
Tilo Habicher
D 67346 Speyer
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 natural sciences 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
2012 EUR 1,236,000.00
further business figures:
Equipment : EUR
585,626.00
Ac/ts receivable : EUR 3,016,715.00
Liabilities : EUR 4,045,866.00
Employees :
120
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.63.65 |
|
|
1 |
Rs.101.17 |
|
Euro |
1 |
Rs.85.55 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.