|
Report Date : |
11.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
VRMAGIC GMBH |
|
|
|
|
Registered Office : |
Turley-Str. 20, D 68167 Mannheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
10.10.2001 |
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|
|
|
Com. Reg. No.: |
HRB 8958 |
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|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Computer
programming activities ·
Information
technology consultancy activities ·
Data
processing, hosting and related activities |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
Slow but correct |
|
|
|
|
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 |
|
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, 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 |
VRMAGIC
GMBH
Company Status: active
Turley-Str. 20
D 68167 Mannheim
Telephone:0621/4004160
Telefax: 0621/40041699
E-mail: info@vrmagic.com
DE217365947
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 2001
Shareholders'
agreement: 31.08.2001
Registered on: 10.10.2001
Commercial Register: Local court 68159 Mannheim
under: HRB
8958
EUR 33,350.00
Shareholder:
Leonardo Venture GmbH & Co. KGaA
Friedrichstr. 157
D 68199 Mannheim
Legal form: Partnership
limited by shares
Share capital: EUR
16,921,751.00
Share: EUR 8,350.00
Registered on: 06.11.2000
Reg. data: 68159
Mannheim, HRB 8606
Shareholder:
Markus Schill
Bergheimer Str. 143
D 69115 Heidelberg
born: 17.10.1966
Share: EUR 6,300.00
Shareholder:
Clemens Wagner
D 69121 Heidelberg
born: 05.05.1972
Share: EUR 4,400.00
Shareholder:
Norbert Peter Wilhelm
Hinckers
Hans-Sachs-Ring 227
D 68199 Mannheim
born: 21.08.1974
Share: EUR 3,150.00
Shareholder:
Knut Bargen
Zur Seeplatte 6
D 76228 Karlsruhe
born: 08.12.1963
Share: EUR 2,500.00
Shareholder:
Thomas Ruf
D 68169 Mannheim
born: 15.07.1974
Share: EUR 2,500.00
Shareholder:
Nikolaj Karl Nock
D 69121 Heidelberg
born: 06.08.1970
Share: EUR 1,900.00
Shareholder:
Prof.Dr. Reinhard Männer
Schauenburgstr. 49
D 69221 Dossenheim
born: 28.04.1947
Share: EUR 1,750.00
Shareholder:
Hans Joachim Ernst Bender
D 69115 Heidelberg
born: 04.11.1947
Share: EUR 1,250.00
Shareholder:
Johannes Peter Wilhelm
Grimm
D 68165 Mannheim
born: 27.08.1972
Share: EUR 1,250.00
Manager:
Markus Schill
Bergheimer Str. 143
D 69115 Heidelberg
having sole power of
representation
born: 17.10.1966
Profession: Businessman
Marital status: married
Manager:
Norbert Peter Wilhelm
Hinckers
Hans-Sachs-Ring 227
D 68199 Mannheim
having sole power of
representation
born: 21.08.1974
Profession: Businessman
Marital status: married
Proxy:
Oliver Menken
Schwarzwaldstr. 7
D 68163 Mannheim
authorized to jointly
represent the company
born: 14.06.1973
Marital status: unknown
Further functions/participations of Markus
Schill (Manager)
Member of the Board of Directors:
VRmagic Holding AG
D 68167 Mannheim
Legal form: Public
limited company
Share capital: EUR
21,050,000.00
Registered
on: 23.03.2007
Reg. data: 68159 Mannheim, HRB 701997
Further functions/participations of Norbert
Peter Wilhelm
Hinckers (Manager)
Member of the Board of Directors:
VRmagic Holding AG
D 68167 Mannheim
Legal form: Public
limited company
Share capital: EUR
21,050,000.00
Registered
on: 23.03.2007
Reg. data: 68159 Mannheim, HRB 701997
02.05.2003 - 12.01.2005 VRmagic GmbH
B 6 27
D 68159 Mannheim
Private limited
company
13.01.2005 - 31.12.2005 VRmagic GmbH
B 6 23-29c
D 68159 Mannheim
Private limited
company
31.12.2005 - 22.09.2014 VRmagic GmbH
Augustaanlage 32
D 68165 Mannheim
Private limited
company
Main industrial sector
6201
Computer programming activities
6202
Information technology consultancy activities
6311
Data processing, hosting and related activities
Secondary industrial sector
6420
Activities of holding companies
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Turley-Str.
20
D 68167 Mannheim
Land register documents were not available.
SPARKASSE RHEIN NECKAR NORD, 68151 MANNHEIM
Sort. code: 67050505
BIC: MANSDE66XXX
Profit: 2012 EUR 282,727.00
Ac/ts receivable: EUR 1,277,490.00
Liabilities: EUR 309,328.00
The number of employees is not known.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 63.29
Liquidity ratio: 10.00
Return on total capital [%]: 6.83
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 64.97
Liquidity ratio: 4.64
Return on total capital [%]: 7.15
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 70.52
Liquidity ratio: 10.00
Return on total capital [%]: 4.15
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 77.42
Liquidity ratio: 7.44
Return on total capital [%]: 2.80
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 4,590,261.21
Fixed assets
EUR 1,362,032.06
Intangible assets
EUR 903,605.44
Tangible
assets EUR 458,426.62
Current assets
EUR 3,213,808.84
Stocks
EUR 1,607,849.68
Accounts receivable
EUR 1,277,490.11
Liquid means
EUR 328,469.05
Remaining other assets
EUR 14,420.31
Accruals (assets)
EUR 14,420.31
LIABILITIES EUR 4,590,261.21
Shareholders' equity
EUR 3,071,343.38
Capital
EUR 33,350.00
Subscribed capital (share capital)
EUR 33,350.00
Reserves EUR 1,991,650.00
Capital reserves
EUR 1,991,650.00
Balance sheet profit/loss (+/-)
EUR 1,046,343.38
Profit / loss brought forward
EUR 763,615.99
Annual surplus / annual deficit
EUR 282,727.39
Provisions
EUR 144,527.00
Liabilities
EUR 309,328.25
Other liabilities
EUR 1,065,062.58
Deferrals
(liabilities) EUR 791,499.03
Deferred taxes (not included under
provisions/liabilities)
EUR 273,563.55
Type
of balance sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 4,148,402.05
Fixed assets
EUR 1,048,469.82
Intangible assets
EUR 533,650.27
Other / unspecified intangible assetsEUR 533,650.27
Tangible assets
EUR 514,819.55
Other / unspecified tangible assets
EUR 514,819.55
Current assets
EUR 3,086,724.73
Stocks EUR 1,279,116.60
Accounts receivable
EUR 1,650,842.91
Other debtors and assets
EUR 1,650,842.91
Liquid means
EUR 156,765.22
Remaining
other assets EUR 13,207.50
Accruals (assets)
EUR 13,207.50
LIABILITIES EUR 4,148,402.05
Shareholders' equity
EUR 2,788,615.99
Capital
EUR 33,350.00
Subscribed capital (share capital)
EUR 33,350.00
Reserves
EUR 1,991,650.00
Capital reserves
EUR 1,991,650.00
Balance sheet profit/loss (+/-)
EUR 763,615.99
Profit / loss brought forward
EUR 486,197.49
Annual surplus / annual deficit
EUR 277,418.50
Provisions EUR 126,973.69
Liabilities
EUR 512,665.86
Other liabilities
EUR 512,665.86
Unspecified other liabilities
EUR 512,665.86
Other liabilities EUR 720,146.51
Deferrals (liabilities)
EUR 555,599.76
Deferred taxes (not included under
provisions/liabilities)
EUR 164,546.75
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
|
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.76.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.