|
Report Date : |
13.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
IK-TECHNICS
GMBH |
|
|
|
|
Registered Office : |
Schützenstr.
45 D 58452 Witten |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
10.03.2006 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Agents
involved in the sale of electrotechnical and electronical products |
|
|
|
|
No. of Employees : |
05 |
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 |
|
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 |
IK-TECHNICS GMBH
Company Status: active
Schützenstr. 45
D 58452 Witten
Telephone:02302/973120
Homepage: www.ibisch-kwiatkowski.de
E-mail: info@ik-technics.de
VAT no.: DE248062594
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 10.03.2006
Shareholders'
agreement: 10.03.2006
Registered on: 04.04.2006
Commercial Register: Local court 44787 Bochum
under: HRB 10765
Share capital: EUR 25,000.00
Shareholder:
Axel Kwiatkowski
Schützenstr. 72
D 58452 Witten
born: 19.07.1964
Share: EUR 25,000.00
Manager:
Axel Kwiatkowski
Schützenstr. 72
D 58452 Witten
having sole power of
representation
born: 19.07.1964
Manager:
Andrea Ibisch-Kwiatkowski
Schützenstr. 72
D 58452 Witten
having sole power of
representation
born: 01.09.1968
Profession: Businessman
Main industrial sector
46149
Agents involved in the sale of electrotechnical and electronical
products n.e.c.
Payment
experience: within agreed terms
Negative information:We have no negative information
at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Schützenstr.
45
D 58452 Witten
Land register documents were not available.
SPARKASSE WITTEN, 58449 WITTEN
Sort. code: 45250035
BIC: WELADED1WTN
Turnover: 2012 EUR 910,000.00
2013 EUR 910,000.00
Profit: 2012 EUR -37,888.00
further business figures:
Ac/ts receivable: EUR 127,298.00
Liabilities: EUR 97,588.00
Employees:
5
- thereof permanent
staff:
3
- Part-time employees: 2
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 56.97
Liquidity ratio: 3.90
Return on total capital
[%]: -12.42
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 67.52
Liquidity ratio: 9.60
Return on total capital
[%]: 1.68
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 73.73
Liquidity ratio: 10.00
Return on total capital
[%]: 30.64
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: 76.01
Liquidity ratio: 6.94
Return on total capital
[%]: 0.26
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 305,057.56
Fixed assets EUR 90,215.00
Tangible assets EUR 90,215.00
Current assets EUR 214,258.57
Stocks EUR 22,027.58
Accounts receivable EUR 127,298.19
Liquid means EUR 64,932.80
Remaining other
assets EUR 583.99
Accruals (assets) EUR 583.99
LIABILITIES EUR 305,057.56
Shareholders' equity EUR 173,806.39
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 148,806.39
Profit / loss brought
forward EUR 186,694.32
Annual surplus / annual
deficit EUR -37,887.93
Provisions EUR 33,663.00
Liabilities EUR 97,588.17
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011
- 31.12.2011
ASSETS EUR 372,979.78
Fixed assets EUR 78,783.25
Tangible assets EUR 78,783.25
Other / unspecified
tangible assets EUR 78,783.25
Current assets EUR 294,196.53
Stocks EUR 15,945.78
Accounts receivable EUR 215,114.97
Other debtors and
assets EUR 215,114.97
Liquid means EUR 63,135.78
LIABILITIES EUR 372,979.78
Shareholders' equity EUR 169,743.10
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 144,743.10
Profit / loss brought
forward EUR 138,486.10
Annual surplus / annual
deficit EUR 6,257.00
Provisions EUR 35,609.00
Liabilities EUR 167,627.68
Other liabilities EUR 167,627.68
Unspecified other
liabilities EUR 167,627.68
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIS |
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.