|
Report Date : |
02.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
INDULOR-CHEMIE GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
|
|
|
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Registered Office : |
Schulstr. 3, D 49577 Ankum |
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Country : |
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|
|
|
Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
25.07.1978 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture of other chemical products ·
Other manufacturing ·
Other activities of head offices |
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No of Employees : |
46 |
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 |
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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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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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, 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 |
INDULOR-CHEMIE GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG
Company Status: active
Schulstr. 3
D 49577 Ankum
Telephone:05462/74120
Telefax: 05462/741274
Homepage: www.indulor.de
E-mail: info@indulor.de
VAT no.: DE117701313
Business relations are
permissible.
LEGAL FORM Private limited company
Date of foundation: 25.07.1978
Shareholders'
agreement: 25.07.1978
Registered on: 28.09.1981
Commercial Register: Local
court 49074 Osnabrück
under: HRB 19957
Share capital: EUR 30,000.00
Shareholder:
Fengler Holding GmbH & Co. KG
Schulstr. 3
D
49577 Ankum
Legal
form: Ltd partnership with priv. ltd.
company
as general partner
Total
cap. EUR 1,000,000.00
contribution:
Share: EUR 30,000.00
Registered on: 26.09.2003
Reg. data: 49074 Osnabrück, HRA 7379
Manager:
Thomas
Fengler
Obingskamp 2
D
49610 Quakenbrück
having
sole power of representation
born:
30.12.1965
Manager:
Kirsten Steinhaus
Gildewart 4
D
49593 Bersenbrück
having
sole power of representation
born:
06.03.1967
Proxy:
Anno Steinhaus
D
49593 Bersenbrück
having
sole power of representation
born:
10.03.1965
Further
functions/participations of Thomas Fengler (Manager)
Limited partner:
Blankophor GmbH & Co. KG
Schulstr. 3
D
49577 Ankum
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 3,960,000.00
contribution:
Share: EUR 400,000.00
Registered
on: 21.10.2010
Reg.
data: 49074 Osnabrück, HRA 202347
Limited partner:
Fengler Holding GmbH & Co. KG
Schulstr. 3
D
49577 Ankum
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,000,000.00
contribution:
Share: EUR 100,000.00
Registered
on: 26.09.2003
Reg.
data: 49074 Osnabrück, HRA 7379
Limited partner:
Fengler US Beteiligungs GmbH & Co. KG
Schulstr. 3
D
49577 Ankum
Legal form: Ltd partnership with priv.
ltd.
company as general partner
Total
cap. EUR 100,000.00
contribution:
Share: EUR 10,000.00
Registered
on: 28.05.2009
Reg.
data: 49074 Osnabrück, HRA 201589
Shareholder:
Fengler Beteiligungs GmbH
Schulstr.
3
D
49577 Ankum
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 2,500.00
Registered
on: 07.03.2007
Reg.
data: 49074 Osnabrück, HRB 200829
Shareholder:
IVF
Beteiligungs GmbH
Schulstr. 3
D
49577 Ankum
Legal form: Private limited
company
Share
capital: EUR 25,000.00
Share: EUR 2,500.00
Registered
on: 10.09.2003
Reg.
data: 49074 Osnabrück, HRB 21114
Manager:
INDULOR Produktionsgesellschaft mbH.
Industriestr. 12
D
49565 Bramsche
Legal
form: Private limited company
Share
capital: EUR 30,000.00
Registered
on: 25.04.1988
Reg.
data: 49074 Osnabrück, HRB 19703
Manager:
Fengler Beteiligungs GmbH
Schulstr. 3
D
49577 Ankum
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 07.03.2007
Reg.
data: 49074 Osnabrück, HRB 200829
Manager:
IVF
Beteiligungs GmbH
Schulstr. 3
D
49577 Ankum
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 10.09.2003
Reg.
data: 49074 Osnabrück, HRB 21114
Proxy:
Indulor Chemie GmbH & Co. KG
Produktionsgesellschaft Bitterfeld
Straße
am Landgraben 6
D
06749 Bitterfeld-Wolfen
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,560,000.00
contribution:
Registered
on: 15.02.1995
Reg. data: 39576 Stendal, HRA 10485
Further
functions/participations of Kirsten Steinhaus (Manager)
Limited partner:
Blankophor GmbH & Co. KG
Schulstr. 3
D
49577 Ankum
Legal form: Ltd partnership with
priv. ltd.
company as general partner
Total
cap. EUR 3,960,000.00
contribution:
Share: EUR 400,000.00
Registered
on: 21.10.2010
Reg.
data: 49074 Osnabrück, HRA 202347
Limited partner:
Fengler Holding GmbH & Co. KG
Schulstr. 3
D
49577 Ankum
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,000,000.00
contribution:
Share: EUR 100,000.00
Registered
on: 26.09.2003
Reg.
data: 49074 Osnabrück, HRA 7379
Limited partner:
Fengler US Beteiligungs
GmbH & Co. KG
Schulstr. 3
D
49577 Ankum
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 10,000.00
Registered
on: 28.05.2009
Reg. data: 49074 Osnabrück, HRA 201589
Shareholder:
IVF
Beteiligungs GmbH
Schulstr. 3
D
49577 Ankum
Legal
form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 2,500.00
Registered
on: 10.09.2003
Reg.
data: 49074 Osnabrück, HRB 21114
Shareholder:
Fengler Beteiligungs GmbH
Schulstr. 3
D
49577 Ankum
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 2,500.00
Registered
on: 07.03.2007
Reg.
data: 49074 Osnabrück, HRB 200829
Manager:
IVF
Beteiligungs GmbH
Schulstr. 3
D
49577 Ankum
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 10.09.2003
Reg.
data: 49074 Osnabrück, HRB 21114
Manager:
Fengler Beteiligungs GmbH
Schulstr. 3
D
49577 Ankum
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 07.03.2007
Reg.
data: 49074 Osnabrück, HRB 200829
Main industrial sector
20590 Manufacture of other chemical products
n.e.c.
32990 Other manufacturing
n.e.c.
Secondary industrial sector
70109 Other activities of head offices
General partner:
Indulor
Chemie GmbH & Co. KG
Produktionsgesellschaft Bitterfeld
Straße
am Landgraben 6
D
06749 Bitterfeld-Wolfen
Legal
form: Ltd partnership with priv. ltd.
company as general
partner
Company Status: active
Total
cap. EUR 2,560,000.00
contribution:
Reg.
data: 15.02.1995
Local court 39576 Stendal
HRA 10485
Shareholder:
INDULOR Produktionsgesellschaft mbH.
Industriestr. 12
D
49565 Bramsche
Legal form: Private limited company
Company Status: active
Share
capital: EUR 30,000.00
Share: EUR 30,000.00
Reg.
data: 25.04.1988
Local court 49074 Osnabrück
HRB 19703
Payment experience: within periods customary in this trade
Negative information:We
have no negative information at hand.
Type of ownership: Tenant
Address Schulstr. 3
D
49577 Ankum
Land register documents
were not available.
OLDENBURGISCHE LANDESBANK
AG, 26016 OLDENBURG (OLDB)
Sort. code: 28020050
BIC: OLBODEH2XXX
Gross profit or
loss:2013 EUR 9,225,000.00
Profit: 2012 EUR 572,129.00
further business figures:
Equipment: EUR 1,235,466.00
Ac/ts receivable: EUR 11,320,086.00
Liabilities: EUR 15,302,927.00
Total numbers of
vehicles:
8
- Passenger cars: 8
Employees:
46
- thereof permanent
staff:
30
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 0.67
Liquidity ratio: 0.29
Return on total capital
[%]: 3.46
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: -5.40
Liquidity ratio: 0.41
Return on total capital
[%]: 2.23
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: -4.96
Liquidity ratio: 0.66
Return on total capital
[%]: 1.50
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: -9.20
Liquidity ratio: 0.46
Return on total capital
[%]: 6.70
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 23,489,290.21
Fixed assets
EUR 1,285,636.00
Intangible assets
EUR 488.50
Concessions, licences, rights
EUR 488.50
Tangible assets
EUR 1,285,147.50
Land / similar rights
EUR 49,682.00
Other tangible assets / fixtures and
fittings
EUR 1,235,465.50
Current assets
EUR 22,180,215.76
Stocks
EUR 10,318,333.85
Raw materials, consumables and
supplies
EUR 5,424,402.14
Finished goods / work in progress
EUR 4,893,931.71
Accounts receivable
EUR 11,320,085.91
Trade debtors EUR 1,930,860.21
Amounts due from related companies
EUR 6,976,829.12
Amounts due from affiliated companiesEUR 2,088,931.16
Other debtors and assets
EUR 323,465.42
Liquid means
EUR 541,796.00
Remaining other assets
EUR 23,438.45
Accruals (assets)
EUR 23,438.45
LIABILITIES EUR 23,489,290.21
Shareholders' equity
EUR 7,087,280.33
Capital
EUR 30,000.00
Subscribed capital (share capital)
EUR 30,000.00
Reserves
EUR 6,500,000.00
Retained earnings / revenue reserves EUR 6,500,000.00
Balance sheet profit/loss (+/-)
EUR 557,280.33
Balance sheet profit / loss
EUR 557,280.33
Provisions
EUR 1,099,083.36
Pension provisions and comparable
provisions
EUR 855,958.00
Provisions for taxes
EUR 163,425.36
Other / unspecified provisions
EUR 79,700.00
Liabilities
EUR 15,302,926.52
Financial debts
EUR 11,006,106.38
Liabilities due to banks
EUR 11,006,106.38
Other liabilities
EUR 4,296,820.14
Trade creditors (for IAS incl. bills
of exchange)
EUR 480,940.95
Liabililties due to related companiesEUR 122,650.57
Liabilities due to affiliated
companies / persons / organs
EUR 3,501,762.06
Unspecified other liabilities
EUR 191,466.56
Guarantees and other commitments
EUR 20,000,000.00
Other guarantees and other commitmentsEUR 20,000,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 42,380,233.80
Inventory change + own costs (+/-)
EUR 1,336,247.24
Inventory change (+/-)
EUR 1,336,247.24
Other operating income
EUR 117,808.24
Cost of materials
EUR 32,930,522.75
Raw materials and supplies, purchased
goods
EUR 29,798,185.64
Purchased services EUR 3,132,337.11
Gross result (+/-)
EUR 10,903,766.53
Staff expenses
EUR 2,516,185.93
Wages and salaries
EUR 2,184,409.97
Social security contributions and
expenses for pension plans and
benefits
EUR 331,775.96
Total depreciation
EUR 174,709.28
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 174,709.28
Other operating expenses
EUR 7,391,818.85
Operating result from continuing
operations
EUR 821,052.47
Result from participating interests
(+/-)
EUR 3,000.00
Expenses / income from participations EUR 3,000.00
Income from related companies
EUR 3,000.00
Interest result (+/-)
EUR 3,396.93
Interest and similar income
EUR 396,301.20
Interest and similar expenses
EUR 392,904.27
Financial result (+/-)
EUR 6,396.93
Result from ordinary operations (+/-)
EUR 827,449.40
Income tax / refund of income tax (+/-)EUR -255,320.41
Tax
(+/-)
EUR -255,320.41
Annual surplus / annual deficit
EUR 572,128.99
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 24,872,027.13
Fixed assets
EUR 1,238,785.00
Intangible assets
EUR 3,358.50
Concessions, licences, rights
EUR 3,358.50
Tangible assets
EUR 1,235,426.50
Land / similar rights
EUR 53,387.00
Other tangible assets / fixtures and
fittings
EUR 1,182,039.50
Current assets
EUR 23,630,329.28
Stocks
EUR 8,748,252.46
Raw materials, consumables and
supplies
EUR 5,190,567.99
Finished goods / work in progress
EUR 3,557,684.47
Accounts receivable
EUR 14,434,846.11
Trade debtors
EUR 2,304,630.75
Amounts due from related companies
EUR 7,454,525.97
Amounts due from affiliated companiesEUR 4,431,122.43
Other debtors and assets
EUR 244,566.96
Liquid means
EUR 447,230.71
Remaining other assets
EUR 2,912.85
Accruals (assets)
EUR 2,912.85
LIABILITIES EUR 24,872,027.13
Shareholders' equity
EUR 6,515,151.34
Capital
EUR 30,000.00
Subscribed capital (share capital)
EUR 30,000.00
Balance sheet profit/loss (+/-) EUR
6,485,151.34
Balance sheet profit / loss
EUR 6,485,151.34
Provisions
EUR 1,053,093.41
Pension provisions and comparable
provisions
EUR 874,655.00
Provisions for taxes
EUR 102,138.41
Other / unspecified provisions
EUR 76,300.00
Liabilities
EUR 17,303,782.38
Financial debts
EUR 10,950,000.00
Liabilities due to banks
EUR 10,950,000.00
Other liabilities
EUR 6,353,782.38
Trade creditors (for IAS incl. bills
of exchange)
EUR 404,049.81
Liabililties due to related companiesEUR 212,698.99
Liabilities due to affiliated
companies / persons / organs
EUR 5,373,701.15
Unspecified other liabilities
EUR 363,332.43
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 9,171,607.94
Staff expenses
EUR 2,264,105.17
Wages and salaries
EUR 1,909,435.69
Social security contributions and
expenses for pension plans and
benefits
EUR 354,669.48
Total depreciation
EUR 164,500.79
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 164,500.79
Other operating expenses
EUR 6,660,569.81
Operating result from continuing
operations
EUR 82,432.17
Result from participating interests
(+/-)
EUR 3,000.00
Expenses / income from participations EUR 3,000.00
Income from related companies
EUR 3,000.00
Interest result (+/-)
EUR 471,675.92
Interest and similar income
EUR 781,089.23
Interest and similar expenses
EUR 309,413.31
Financial result (+/-)
EUR 474,675.92
Result from ordinary operations (+/-)
EUR 557,108.09
Income tax / refund of income tax (+/-)EUR -169,212.04
Tax
(+/-)
EUR -169,212.04
Annual surplus / annual deficit EUR 387,896.05
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
|
1 |
Rs.97.05 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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.