|
Report Date : |
22.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAG IAS GMBH |
|
|
|
|
Registered Office : |
Stuttgarter Str. 50, D 73033
Göppingen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
24.08.2005 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture
of other tools. ·
Manufacture of
metal forming machinery |
|
|
|
|
No of Employees : |
55 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
MAG IAS GmbH
Stuttgarter Str. 50
D 73033 Göppingen
Telephone:07161/201-0
Telefax: 07161/201-353
Homepage: www.mag-ias.com
E-mail: info@mag-ias.com
DE254683562
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 2005
Shareholders'
agreement: 24.08.2005
Registered on: 15.08.2006
Commercial Register: Local court 89073 Ulm
under: HRB
720186
EUR
30,000.00
MAG International
Industrial Machinery
S.a.r.l.
8-10, rue Mathias Hardt
L Luxemburg
Legal form: Other legal
form
Share: EUR 25,000.00
Shareholder:
Moshe I. Madar
1395 Brickell Avenue
Espirito Santo Plaza
USA FL 33131 Miami
born: 10.04.1943
Share: EUR 5,000.00
Dr. Reiner Eugen Beutel
Lindenstr. 23
D 71634 Ludwigsburg
born: 30.06.1959
Profession: Businessman
Manager:
Michael Heinz
D 67373 Dudenhofen
born: 30.04.1968
Manager:
Dr. Heiner Lang
D 73728 Esslingen
born: 13.05.1976
Manager:
Prof. Moshe I. Meidar
USA Miami
having sole
power of representation
born: 10.04.1943
Rolf Bartke
Pardemannstr. 11c
D 14109 Berlin
Hans Peter Ring
D 80335 München
Marital status: unknown
Hermann Doppler
Grundstr. 4
D 71691 Freiberg
born: 10.03.1953
Profession: graduate
engineer
Marital status: married
Member of the Supervisory Board:
Uwe Wolf
Neckarkatzenbacher Str. 12
D 74858 Aglasterhausen
born: 14.01.1962
Profession: Businessman
Member of the Supervisory Board:
Georg Weiberg
D 70173 Stuttgart
Marital status: unknown
Werner Lorenz
D 73312 Geislingen
Representative of the Employees within the
Supervisory Board:
Thomas Itzelberger
Im Wiedenberg 38
D 73113 Ottenbach
Elmar Potdevin
Händelstr. 14
D 66482 Zweibrücken
authorized to jointly
represent the company
born: 30.12.1954
Profession: graduate
engineer
Marital status: married
Proxy:
Silvio Ekkehard Krüger
D 03238 Massen
authorized to jointly
represent the company
born: 15.03.1977
Proxy:
Manfred Ernst Berger
D 74189 Weinsberg
authorized to
jointly represent the company
born: 14.03.1956
Proxy:
Ralf Merswolken
D 70173 Stuttgart
authorized to jointly
represent the company
born:
18.04.1969
Proxy:
Robert Huber
D 70734 Fellbach
authorized to jointly
represent the company
born: 10.04.1973
Proxy:
Jens Mayr
D 72631 Aichtal
authorized to jointly
represent the company
born: 04.07.1974
Proxy:
Ralf Hermann
Ringstr. 35
D 73084 Salach
authorized to jointly
represent the company
born: 01.05.1977
Proxy:
Olaf Furtmeier
D 73265 Dettingen
authorized to jointly
represent the company
born: 12.06.1972
Proxy:
Jennifer Frey
D 73084 Salach
authorized to jointly
represent the company
born: 19.02.1987
Proxy:
Kevin Friedmann
D 70173 Stuttgart
authorized to jointly
represent the company
born: 11.12.1981
Proxy:
Dr. Dodwell Manoharan
D 73730 Esslingen
authorized to jointly
represent the company
born: 08.11.1977
Proxy:
Jens Gutsche
D 73116 Wäschenbeuren
authorized to jointly represent
the company
born: 28.09.1971
Shareholder:
Alpha Centauri GmbH
Lindenstr. 23
D 71634 Ludwigsburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on:
06.05.2008
Reg. data: 70190 Stuttgart, HRB 726267
Manager:
Alpha Centauri GmbH
Lindenstr. 23
D 71634 Ludwigsburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 06.05.2008
Reg. data: 70190 Stuttgart, HRB 726267
Manager:
Sovello GmbH
Sonnenallee 14-30
D 06766 Bitterfeld-Wolfen
Legal form: Private
limited company
insolvent
Share capital: EUR
480,000.00
Registered
on: 21.12.2011
Reg. data: 39576 Stendal, HRB 17519
Manager:
Honsberg
Sonderwerkzeugmaschinen GmbH
Stuttgarter Str. 50
D 73033 Göppingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 12.01.2009
Reg.
data: 89073 Ulm, HRB 723049
Manager:
MAG Real Estate Europe
GmbH
Stuttgarter Str. 50
D 73033 Göppingen
Legal form: Private
limited company
Share
capital: EUR 25,000.00
Registered
on: 07.01.2011
Reg. data: 89073 Ulm, HRB 725980
President of the Supervisory Board:
Innovative Components Technologies GmbH
Industriestr. 6
D 63607 Wächtersbach
Legal form: Private
limited company
insolvent
Share capital: EUR 145,000.00
Registered
on: 27.09.2004
Reg. data: 63450 Hanau, HRB 91206
24.08.2005 - 13.12.2005 Diamant 19. (Neunzehnte) GmbH
Königsallee 14
D 40212 Düsseldorf
Private limited
company
13.12.2005 - 15.08.2006 MAG International Metalcutting Machinery
GmbH (AG Düsseldorf
HRB 52405)
Königsallee
14
D 40212 Düsseldorf
Private limited
company
15.08.2006 - 26.06.2007 MAG International Metalcutting Machinery
GmbH
Salacher Str. 93
D 73054 Eislingen
Private limited
company
26.06.2007 - 25.02.2008 MAG International Metalcutting Machinery
GmbH
Stuttgarter Str. 50
D 73033
Göppingen
Private limited
company
25.02.2008 - 08.07.2013 MAG Europe GmbH
Stuttgarter Str. 50
D 73033 Göppingen
Private limited
company
07.12.2012 - 06.06.2014 President of the Supervisory Board
Dr. Eckhard Cordes
D 81925 München
07.12.2012 - 06.06.2014 Member of the Supervisory Board
Dr. Michael Friedrich
Keppel
D 61348 Bad Homburg
13.02.2014 - 24.03.2014 Manager
Andreas Meinz
D 47798 Krefeld
26.07.2013 - 30.09.2013 Manager
Dr. Sebastian
Schöning
D 72070 Tübingen
25.10.2012 - 30.09.2013 Manager
Dr. Gerald Weber
D 73525 Schwäbisch
Gmünd
22.12.2011 - 30.09.2013 Manager
Jan Siebert
D 70173 Stuttgart
22.12.2011 - 08.10.2012 Manager
Rolf Rickmeyer
D 64297 Darmstadt
03.07.2008 - 06.02.2012 Manager
Dr. Ing. hab. Wolfgang Horn
D 73033 Göppingen
03.03.2008 - 06.02.2012 Manager
Günther Mayr
D 64832 Babenhausen
03.03.2008 - 06.12.2011 Manager
Markus Grob
D 82211 Herrsching
03.03.2008 - 06.12.2011 Manager
Gerhard Hagenau
D 83339 Chieming
Main industrial sector
25735
Manufacture of other tools
28410
Manufacture of metal forming machinery
33120
Repair of machinery
46692
Wholesale of other machinery
Branch:
MAG IAS GmbH
Salacher Str. 93
D 73054 Eislingen
TEL.: 07161/805-0
FAX.: 07161/805-223
Shareholder:
Honsberg
Sonderwerkzeugmaschinen GmbH
Stuttgarter Str. 50
D 73033 Göppingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 12.01.2009
Local court
89073 Ulm
HRB 723049
Shareholder:
MAG Real Estate Europe
GmbH
Stuttgarter Str. 50
D 73033
Göppingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 07.01.2011
Local court
89073 Ulm
HRB 725980
Shareholder:
Street Scooter GmbH
Hüttenstr. 1-9
D 52068 Aachen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 111,850.00
Share: EUR 4,500.00
Reg. data: 20.09.2010
Local court
52070 Aachen
HRB 16392
Payment experience: Slow
Negative information: We have no negative information at hand.
The maximum credit is our recommendation for
the maximum
credit limit for the inquired
company.
Balance sheet year: 2012
Type
of ownership: Tenant
Address Stuttgarter
Str. 50
D 73033 Göppingen
Land register documents were not available.
DEUTSCHE BANK, 73003 GÖPPINGEN
Sort. code: 61070078, Account no.: 166115600
BIC: DEUTDESS610, IBAN: DE62610700780166115600
Turnover: 2012 EUR 506,820,969.00
2013 EUR 506,800,000.00
Profit: 2012 EUR -5,902,571.00
further business figures:
Equipment: EUR 2,691,845.00
Ac/ts receivable: EUR 74,973,035.00
Liabilities: EUR 154,240,146.00
Employees: 55
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: -129.77
Liquidity ratio: 0.11
Return on total capital [%]: -30.62
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -56.57
Liquidity ratio: 0.10
Return on total capital [%]: -58.37
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: -32.84
Liquidity ratio: 0.13
Return on total capital [%]: 7.87
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -75.21
Liquidity ratio: 0.17
Return on total capital [%]: 7.53
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: 01.01.2012 - 31.12.2012
ASSETS EUR 158,374,588.29
Fixed assets
EUR 52,351,612.79
Intangible assets
EUR 2,910,855.00
Tangible assets EUR 1,749,451.00
Financial assets
EUR 47,691,306.79
Current assets
EUR 18,852,066.61
Accounts receivable
EUR 18,526,390.42
Other debtors and assets
EUR 18,526,390.42
Investments in current assets
EUR 141,301.97
Liquid means
EUR 184,374.22
Remaining other assets
EUR 87,170,908.89
Accruals (assets)
EUR 324,391.63
Deficit not covered by shareholders'
equity
EUR 86,846,517.26
LIABILITIES EUR 158,374,588.29
Shareholders'
equity EUR 0.00
Capital
EUR 30,000.00
Subscribed capital (share capital)
EUR 30,000.00
Reserves
EUR 6,892,319.82
Capital reserves
EUR 6,892,319.82
Balance sheet profit/loss (+/-)
EUR -6,922,319.82
Profit / loss brought forward
EUR -6,922,319.82
Provisions
EUR 4,092,580.83
Liabilities
EUR 154,282,007.46
Guarantees and other commitments
EUR 12,201,000.00
Guarantees / warranties
EUR 12,201,000.00
Guarantees EUR 12,201,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 26,647,637.38
Staff expenses
EUR 4,046,305.76
Wages and salaries
EUR 3,595,129.03
Social security contributions and
expenses for pension plans and
benefits
EUR 451,176.73
Total depreciation
EUR 1,456,248.87
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,456,248.87
Other operating expenses
EUR 30,066,034.55
Operating result from continuing
operations
EUR -8,920,951.80
Result from participating interests
(+/-)
EUR -4,352,026.99
Expenses / income from participations EUR 1,550,543.89
Income from transfer of profits
EUR 720,806.09
Income from related companies
EUR 829,737.80
Expenses for participations
EUR 5,902,570.88
Expenses for other participations
EUR 5,902,570.88
Interest result (+/-)
EUR -6,554,251.47
Interest and similar income
EUR 71,766.70
thereof from related companies
EUR 0.00
Interest and similar expenses
EUR 6,626,018.17
thereof paid to related companies
EUR 6,468,020.83
Other financial result
EUR 1,940,577.21
Income from securities and loans from
financial assets
EUR 2,346,527.60
thereof related companies
EUR 2,346,527.60
Depreciation on financial assets and
marketable securities
EUR 405,950.39
Financial result (+/-)
EUR -8,965,701.25
Result from ordinary operations (+/-)
EUR -17,886,653.05
Extraordinary result (+/-)
EUR -2,955,811.96
Income tax / refund of income tax (+/-)EUR -258,909.19
Other taxes / refund of taxes
EUR -4,574.00
Tax (+/-)
EUR -263,483.19
Annual surplus / annual deficit
EUR -21,105,948.20
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011
- 31.12.2011
ASSETS EUR 193,432,730.69
Fixed assets
EUR 105,378,695.40
Intangible assets
EUR 2,410,348.00
Other / unspecified intangible assetsEUR 2,410,348.00
Tangible assets
EUR 989,534.00
Other / unspecified tangible assets
EUR 989,534.00
Financial assets
EUR 101,978,813.40
Other / unspecified financial assets EUR 101,978,813.40
Current assets
EUR 22,040,001.16
Accounts receivable
EUR 21,276,476.20
Other debtors and assets
EUR 21,276,476.20
Investments in current assets
EUR 143,022.90
Liquid means
EUR 620,502.06
Remaining other assets
EUR 66,014,034.13
Accruals (assets)
EUR 273,465.07
Deficit not covered by shareholders'
equity
EUR 65,740,569.06
LIABILITIES EUR 193,432,730.69
Shareholders' equity
EUR 0.00
Capital
EUR 30,000.00
Subscribed capital (share capital)
EUR 30,000.00
Reserves
EUR 6,892,319.82
Capital reserves
EUR 6,892,319.82
Balance sheet profit/loss (+/-)
EUR -6,922,319.82
Profit / loss brought forward
EUR -537,623.29
Balance sheet profit / loss
EUR -6,384,696.53
Provisions
EUR 5,229,460.29
Liabilities EUR 188,203,270.40
Other liabilities
EUR 188,203,270.40
Unspecified other liabilities
EUR 188,203,270.40
Guarantees and other commitments
EUR 16,879,000.00
Guarantees / warranties
EUR 16,879,000.00
Guarantees
EUR 16,879,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 25,492,574.74
Staff expenses
EUR 6,612,126.86
Wages and salaries
EUR 5,718,837.01
Social security contributions and
expenses for pension plans and
benefits
EUR 893,289.85
Total depreciation
EUR 1,181,496.53
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,181,496.53
Other operating expenses
EUR 33,700,276.98
Operating result from continuing
operations
EUR -16,001,325.63
Result from participating interests
(+/-)
EUR -51,984,290.39
Expenses / income from participations
EUR 988,127.94
Income from transfer of profits
EUR 988,127.94
Expenses for participations
EUR 52,972,418.33
Expenses for other participations
EUR 52,972,418.33
Interest result (+/-)
EUR -6,162,935.75
Interest and similar income
EUR 158,964.68
thereof from related companies
EUR 49,965.95
Interest and similar expenses
EUR 6,321,900.43
thereof paid to related companies
EUR 6,212,940.24
Other financial result
EUR 2,042,622.25
Income from securities and loans from
financial assets
EUR 3,818,756.94
thereof related companies
EUR 3,652,214.35
Depreciation on financial assets and
marketable securities
EUR 1,776,134.69
Financial result (+/-)
EUR -56,104,603.89
Result
from ordinary operations (+/-) EUR -72,105,929.52
Extraordinary expenses
EUR 7,107.00
Extraordinary result (+/-)
EUR -7,107.00
Income tax / refund of income tax (+/-)EUR 10,516.17
Other taxes / refund of taxes
EUR -22,745.24
Tax (+/-)
EUR -12,229.07
Annual surplus / annual deficit
EUR -72,125,265.59
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.77 |
|
UK Pound |
1 |
Rs.100.72 |
|
Euro |
1 |
Rs.80.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
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.