|
Report Date : |
04.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
IFA ROTORION - POWERTRAIN GMBH |
|
|
|
|
Registered Office : |
Industriestr. 6, D 39340 Haldensleben |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Date of Incorporation : |
01.12.1992 |
|
|
|
|
Com. Reg. No.: |
HRB 108096 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture of
bearings, gears, gearing and driving elements ·
Manufacture
of metal forming machinery ·
Wholesale of
machine tools |
|
|
|
|
No. of Employees : |
213 |
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 : |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
IFA ROTORION - POWERTRAIN GMBH
Company Status: active
Industriestr. 6
D 39340
Haldensleben
Telephone:03904/4730
Telefax: 03904/4731111
Homepage: www.ifa-gruppe.de
E-mail: info@ifa-gruppe.de
VAT no.: DE166667072
Tax ID number: 105/110/00144
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.12.1992
Shareholders'
agreement: 09.12.1992
Registered on: 24.01.1995
Commercial Register: Local court 39576 Stendal
under: HRB
108096
Share
capital: EUR 255,645.94
Shareholder:
IFA ROTORION - Holding
GmbH
Industriestr. 6
D 39340 Haldensleben
Legal form: Private limited company
Share capital: EUR 6,817,000.00
Share: EUR 255,645.94
Registered on: 06.07.1990
Reg. data: 39576 Stendal,
HRB 100117
Control and profit
transfer agreement
Manager:
Heinrich von Nathusius
Waldweg 3
D 39343 Hundisburg
having sole power of
representation
born: 05.06.1943
Profession: Businessman
Marital status: married
Manager:
Oliver Schimpf
D 38100 Braunschweig
born: 22.01.1964
Manager:
Karl-Thomas Klingebiel
Elbstr. 12
D 39104 Magdeburg
born: 14.01.1964
Proxy:
Matthias Bittrich
Gribehner Weg 27
D 39249 Barby
authorized to jointly
represent the company
born: 18.02.1969
Further
functions/participations of Heinrich von Nathusius
(Manager)
General
partner:
Heiner von
Nathusius, Klaus von Nathusius,
Carl von Rohrer
Gerikestr. 102
D 39340 Haldensleben
Legal form: Partnership
under the Civil Code
Shareholder:
IFA ROTORION - Holding
GmbH
Industriestr. 6
D 39340 Haldensleben
Legal form: Private
limited company
Share capital: EUR 6,817,000.00
Share: EUR 4,857,825.00
Registered
on: 06.07.1990
Reg. data: 39576 Stendal, HRB 100117
Shareholder:
Nathusius Verwaltungs-GmbH
Industriestr. 6
D 39340 Haldensleben
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 19.10.2006
Reg. data: 39576 Stendal, HRB 5673
Manager:
IFA ROTORION - Holding
GmbH
Industriestr. 6
D 39340 Haldensleben
Legal form: Private
limited company
Share capital: EUR 6,817,000.00
Registered
on: 06.07.1990
Reg. data: 39576 Stendal, HRB 100117
Manager:
Nathusius
Verwaltungs-GmbH
Industriestr. 6
D 39340 Haldensleben
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 19.10.2006
Reg. data: 39576 Stendal, HRB 5673
Manager:
IFA - Kardan GmbH
Industriestr. 6
D 39340 Haldensleben
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.10.2008
Reg. data: 39576 Stendal, HRB 8130
Manager:
IFA - Technologies GmbH
Industriestr. 6
D 39340 Haldensleben
Post Box:
129
Legal form: Private
limited company
Share capital: EUR 383,468.92
Registered
on: 11.05.1992
Reg. data:
39576 Stendal, HRB 102871
Further
functions/participations of Oliver Schimpf (Manager)
Manager:
IFC Composite GmbH
Jakob-Uffrecht-Str. 2
D 39340 Haldensleben
Legal form: Private limited company
Share capital: EUR 50,000.00
Registered
on: 15.03.2005
Reg. data: 39576 Stendal, HRB 114710
24.01.2005 - 25.03.2013 Manager
Clemens Aulich
D 38855 Wernigerode
Main
industrial sector
28150 Manufacture
of bearings, gears, gearing and driving elements
28410
Manufacture of metal forming machinery
28910
Manufacture of machinery for metallurgy
46620
Wholesale of machine tools
Payment experience: Unknown
Negative information: We have no negative information at hand.
Balance sheet year: 2008
Type of ownership: Tenant
Address Industriestr.
6
D 39340 Haldensleben
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, 39331
HALDENSLEBEN
Sort. code: 81080000
BIC: DRESDEFF810
UNICREDIT BANK - HYPOVEREINSBANK, 10896 BERLIN
Sort. code: 10020890
BIC: HYVEDEMM488
IKB DEUTSCHE INDUSTRIEBANK, 40002 DÜSSELDORF
Sort.
code: 30010400
BIC: IKBDDEDDXXX
POSTBANK, 10916 BERLIN
Sort. code: 10010010
BIC: PBNKDEFFXXX
Turnover: 2012 *EUR 24,386,000.00
2013
*EUR 25,810,000.00
further business figures:
Equipment: EUR 979,757.00
Ac/ts receivable: EUR
2,561,143.00
Liabilities: EUR 20,762,399.00
Total numbers of vehicles: 2
Employees:
213
- thereof permanent staff: 176
- Part-time employees: 2
- Trainees:
34
- Temporary workers: 1
Control and profit transfer agreement to:
IFA ROTORION - Holding
GmbH
Industriestr. 6
D 39340 Haldensleben
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 85.07
Liquidity ratio: 0.54
Return on total capital [%]: -1.24
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 58.33
Liquidity ratio: 0.27
Return on total capital [%]: -0.79
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: 01.01.2008 - 31.12.2008
ASSETS EUR 21,736,600.27
Start-up / business expansion expenses EUR 48,354.22
Fixed assets EUR 11,224,951.54
Intangible assets
EUR 18,398.20
Concessions, licences, rights
EUR 18,398.20
Tangible assets
EUR 11,206,553.34
Plant / machinery
EUR 6,429,065.87
Other tangible assets / fixtures and
fittings
EUR 979,757.32
Advance payments made / construction
in progress
EUR 3,797,730.15
Current assets
EUR 10,273,658.73
Stocks
EUR 6,122,934.84
Raw materials, consumables and
supplies
EUR 2,984,537.39
Finished
goods / work in progress EUR 3,138,397.45
Accounts receivable
EUR 2,561,143.26
Trade debtors
EUR 741,196.83
Amounts due from related companies
EUR 335,955.43
Other debtors and assets
EUR 1,483,991.00
Liquid means
EUR 1,589,580.63
Remaining other assets
EUR 189,635.78
Accruals (assets)
EUR 189,635.78
thereof disagio
EUR 0.00
LIABILITIES EUR 21,736,600.27
Shareholders' equity
EUR 257,329.54
Capital EUR 255,645.94
Subscribed capital (share capital)
EUR 255,645.94
Balance sheet profit/loss (+/-)
EUR 1,683.60
Profit / loss brought forward
EUR 1,683.60
Provisions EUR 716,870.74
Other / unspecified provisions
EUR 716,870.74
Liabilities
EUR 20,762,399.99
Other liabilities
EUR 20,762,399.99
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,000,709.87
Liabilities from received advance
payments
EUR 271,480.70
Liabililties due to related companiesEUR 18,419,595.07
Unspecified other liabilities
EUR 1,070,614.35
thereof liabilities from tax /
financial authorities
EUR 115,425.87
thereof liabilities from social
security EUR 0.00
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales EUR 40,571,723.54
Inventory change + own costs (+/-)
EUR -217,312.00
Inventory change (+/-)
EUR -265,666.22
Capitalised own costs
EUR 48,354.22
Other operating income
EUR 1,922,664.69
Cost of materials
EUR 24,521,781.23
Raw materials and supplies, purchased
goods
EUR 23,319,108.26
Purchased services
EUR 1,202,672.97
Gross result (+/-)
EUR 17,755,295.00
Staff expenses
EUR 7,171,385.53
Wages and salaries
EUR 5,862,721.49
Social security contributions and
expenses for pension plans and
benefits
EUR 1,308,664.04
Total depreciation
EUR 2,790,035.38
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,705,333.91
Depreciation on current assets (+/-)
EUR 84,701.47
Other operating expenses
EUR 6,921,876.63
Operating result from continuing
operations
EUR 871,997.46
Interest result (+/-)
EUR -1,053,917.10
Interest and similar income
EUR 55.42
Interest and similar expenses
EUR 1,053,972.52
thereof paid to related companies
EUR 787,002.85
Financial result (+/-)
EUR -1,053,917.10
Result from ordinary operations (+/-)
EUR -181,919.64
Income from assumption of loss by
parent company
EUR 254,608.40
Expenses for transfer of profits to a
parent company EUR 14,486.61
Income tax / refund of income tax (+/-)EUR 281.00
Other taxes / refund of taxes
EUR -58,483.15
Tax (+/-)
EUR -58,202.15
Annual surplus / annual deficit
EUR 0.00
Type of
balance sheet: Company
balance sheet
Financial
year: 01.01.2007 - 31.12.2007
ASSETS EUR 17,545,090.67
Fixed assets EUR 8,749,575.51
Intangible assets
EUR 38,260.20
Concessions, licences, rights
EUR 38,260.20
Tangible assets
EUR 8,711,315.31
Plant / machinery
EUR 6,437,255.87
Other tangible assets / fixtures and
fittings
EUR 1,047,396.34
Advance payments made / construction
in progress
EUR 1,226,663.10
Current assets
EUR 8,563,699.07
Stocks
EUR 5,108,507.27
Raw materials, consumables and
supplies
EUR 1,908,779.76
Finished
goods / work in progress EUR 3,199,727.51
Accounts receivable
EUR 893,001.65
Trade debtors
EUR 128,906.75
Amounts due from related companies
EUR 246,439.21
Other debtors and assets
EUR 517,655.69
Liquid means
EUR 2,562,190.15
Remaining other assets
EUR 231,816.09
Accruals (assets)
EUR 231,816.09
thereof disagio
EUR 848.74
LIABILITIES EUR 17,545,090.67
Shareholders' equity
EUR 257,329.54
Capital EUR 255,645.94
Subscribed capital (share capital)
EUR 255,645.94
Balance sheet profit/loss (+/-)
EUR 1,683.60
Profit / loss brought forward
EUR 1,683.60
Provisions EUR 1,435,326.47
Other / unspecified provisions
EUR 1,435,326.47
Liabilities
EUR 15,852,434.66
Other liabilities
EUR 15,852,434.66
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,843,972.36
Liabilities from received advance
payments
EUR 30,911.70
Liabililties due to related companiesEUR 9,912,570.27
Unspecified other liabilities
EUR 3,064,980.33
thereof liabilities from tax /
financial authorities
EUR 119,190.31
thereof liabilities from social
security EUR 9,012.99
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales
EUR 44,103,977.13
Inventory change + own costs (+/-)
EUR 568,529.49
Inventory change (+/-)
EUR 568,529.49
Other operating income
EUR 561,116.72
Cost of materials
EUR 27,595,892.46
Raw materials and supplies, purchased
goods EUR 26,178,068.35
Purchased services
EUR 1,417,824.11
Gross result (+/-)
EUR 17,637,730.88
Staff expenses
EUR 7,538,417.50
Wages and salaries
EUR 6,135,148.51
Social security contributions and
expenses for pension plans and
benefits
EUR 1,403,268.99
Total depreciation
EUR 2,806,055.95
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,777,766.83
Depreciation on current assets (+/-)
EUR 28,289.12
Other operating expenses
EUR 6,828,478.77
Operating result from continuing
operations
EUR 464,778.66
Interest result (+/-)
EUR -630,309.17
Interest and similar expenses
EUR 630,309.17
thereof paid to related companies
EUR 382,515.39
Financial result (+/-)
EUR -630,309.17
Result from ordinary operations (+/-)
EUR -165,530.51
Income from assumption of loss by
parent company
EUR 225,085.33
Expenses for transfer of profits to a
parent company
EUR 86,919.65
Other taxes / refund of taxes
EUR 27,364.83
Tax (+/-) EUR 27,364.83
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.21 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.80.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.