|
Report Date : |
17.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
IXYS SEMICONDUCTOR GMBH |
|
|
|
|
Registered Office : |
Edisonstr. 15, D 68623 Lampertheim,
Post Box: 11 80, D 68619 Lampertheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
16.12.1968 |
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|
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Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
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|
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|
|
No of Employees : |
352 |
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 |
|
High |
B2 |
|
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 |
IXYS SEMICONDUCTOR GMBH
Company Status: active
Edisonstr. 15
D 68623 Lampertheim
Post Box:
11 80, D 68619 Lampertheim
Telephone:06206/5030
Telefax:
06206/503634
Homepage: www.ixyspower.com
E-mail:
s.merkuda@ixys.de
Business relations are permissible.
LEGAL FORM Private
limited company
Date
of foundation: 16.12.1968
Shareholders'
agreement: 16.12.1968
Registered on: 18.07.1989
Commercial Register: Local court 64283 Darmstadt
under: HRB
60943
Share capital: EUR 2,556,459.41
IXYS Semiconductor B.V.
NL - Rotterdam
Legal form: Other legal
form
Share: EUR 2,556,459.41
Thea Elisabeth Kern
D 68623 Lampertheim
born: 13.01.1948
Peter Howard Ingram
Wilhelm-Trübner-Str. 13
D 69502 Hemsbach
authorized to jointly represent the
company
born: 10.04.1948
Profession: Chemist
Marital status: married
Further functions/participations of Thea
Elisabeth Kern (Manager)
IXYS
Semiconductor-Unterstützungseinrichtung
GmbH
Edisonstr. 15
D 68623 Lampertheim
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 18.07.1989
Reg. data: 64283 Darmstadt, HRB 60944
Manager:
IXYS Global Services GmbH
Edisonstr. 15
D 68623 Lampertheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 31.03.2010
Reg. data: 64283 Darmstadt, HRB 88792
16.12.1968 - 31.12.1990 ABB - IXYS Semiconductor Gesellschaft
mit beschränkter
Haftung
D 68159 Mannheim
Private
limited company
01.01.1991 - 31.12.2000 ABB - IXYS Semiconductor Gesellschaft
mit beschränkter
Haftung
D 68623 Lampertheim
Private limited
company
04.09.1995 - 17.04.2013 Manager
Peter Howard Ingram
D 69502 Hemsbach
08.04.2010 - 28.09.2012 Manager
Jeroen Theodorus van
Zeeland
D 64283 Darmstadt
Main industrial sector
26119
Manufacture of other electronic components
46903
Non-specialized wholesale trade
Secondary industrial sector
6420
Activities of holding companies
Shareholder:
"Powersem
Gesellschaft für
Halbleiterbauelemente und
Elektronik mbH"
Walpersdorfer Str. 53
D 91126 Schwabach
Legal form: Private
limited company
Company Status: active
Share capital: EUR 102,258.38
Share: EUR 46,016.27
Reg. data: 03.04.1985
Local court
90402 Nürnberg
HRB 6886
Shareholder:
IXYS
Semiconductor-Unterstützungseinrichtung
GmbH
Edisonstr. 15
D 68623
Lampertheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 18.07.1989
Local court
64283 Darmstadt
HRB 60944
Shareholder:
IXYS Global Services GmbH
Edisonstr. 15
D 68623 Lampertheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 31.03.2010
Local court
64283 Darmstadt
HRB 88792
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Edisonstr.
15
D 68623 Lampertheim
Land register documents were not available.
Principal bank
COMMERZBANK,
68006 MANNHEIM
Sort. code: 67040031, Account no.: 360166300
BIC: COBADEFFXXX, IBAN: DE02670400310360166300
Further bank
VOLKSBANK DARMSTADT - SÜDHESSEN, 68623
LAMPERTHEIM, HESS
Sort. code: 50890000
BIC: GENODEF1VBD
Turnover: 2011/2012 EUR 137,789,733.00
2012/2013 EUR 100,282,140.00
Profit: 2011/2012 EUR 8,583,290.00
2012/2013 EUR 5,485,864.00
further business figures:
Equipment: EUR 729,671.00
Ac/ts receivable: EUR 16,259,728.00
Liabilities: EUR 17,659,357.00
Employees:
352
Balance sheet ratios 01.04.2012 - 31.03.2013
Equity ratio [%]: 69.27
Liquidity ratio: 10.00
Return on total capital [%]: 6.93
Balance sheet ratios 01.04.2011 - 31.03.2012
Equity ratio [%]: 64.61
Liquidity ratio: 10.00
Return on total capital [%]: 11.25
Balance sheet ratios 01.04.2010 - 31.03.2011
Equity ratio [%]: 63.12
Liquidity ratio: 10.00
Return on total capital [%]: 10.30
Balance sheet ratios 01.04.2009 - 31.03.2010
Equity ratio [%]: 59.09
Liquidity ratio: 7.42
Return on total capital [%]: 3.70
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: 01.04.2012 - 31.03.2013
ASSETS EUR 79,149,586.46
Fixed assets
EUR 8,069,937.97
Intangible assets
EUR 32,020.34
Concessions, licences, rights
EUR 32,020.34
Tangible assets
EUR 7,702,253.26
Plant / machinery
EUR 4,733,918.34
Other tangible assets / fixtures and
fittings
EUR 729,671.30
Advance payments made / construction
in progress
EUR 2,238,663.62
Financial assets
EUR 335,664.37
Shares in participations /
subsidiaries and the like
EUR 334,104.37
Shares in related companies
EUR 50,564.59
Shares in investee companies
EUR 283,539.78
Other loans
EUR 1,560.00
Current assets
EUR 70,990,108.36
Stocks
EUR 24,692,719.66
Raw materials, consumables and
supplies
EUR 6,165,498.68
Finished goods / work in progress
EUR 18,527,220.98
Accounts receivable
EUR 16,259,728.10
Trade debtors
EUR 8,783,104.04
Amounts due from related companies
EUR 6,676,200.51
Other debtors and assets
EUR 800,423.55
Liquid means
EUR 30,037,660.60
Remaining other assets
EUR 89,540.13
Accruals (assets)
EUR 52,700.00
Active difference from asset
offsetting
EUR 36,840.13
LIABILITIES EUR 79,149,586.46
Shareholders' equity
EUR 52,787,645.80
Capital EUR 2,556,459.41
Subscribed capital (share capital)
EUR 2,556,459.41
Reserves
EUR 7,637,404.26
Capital reserves
EUR 7,637,404.26
Balance
sheet profit/loss (+/-) EUR 42,593,782.13
Profit / loss brought forward
EUR 37,107,917.69
Annual surplus / annual deficit
EUR 5,485,864.44
Provisions
EUR 8,702,584.00
Pension provisions and comparable
provisions
EUR 5,336,584.00
Provisions for taxes
EUR 1,000.00
Other / unspecified provisions
EUR 3,365,000.00
Liabilities
EUR 17,659,356.66
Financial debts
EUR 4,833,333.23
Liabilities due to banks
EUR 4,833,333.23
Other liabilities
EUR 12,826,023.43
Trade creditors (for IAS incl. bills
of exchange)
EUR 3,164,549.21
Liabilities due to shareholders
EUR 2,037,976.89
Liabililties due to related companiesEUR 7,423,585.23
Unspecified other liabilities
EUR 199,912.10
thereof liabilities from tax /
financial authorities
EUR 0.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 100,282,140.10
Inventory change + own costs (+/-)
EUR 485,707.16
Inventory change (+/-)
EUR 485,707.16
Other operating income
EUR 38,253,674.52
Cost
of materials
EUR 53,099,716.76
Raw materials and supplies, purchased
goods
EUR 53,099,716.76
Gross result (+/-)
EUR 85,921,805.02
Staff expenses
EUR 16,011,853.21
Wages and salaries
EUR 13,276,584.33
Social security contributions and
expenses for pension plans and
benefits
EUR 2,735,268.88
Total depreciation
EUR 2,215,530.09
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,215,530.09
Other operating expenses
EUR 60,015,270.01
Operating result from continuing
operations
EUR 7,679,151.71
Result from participating interests
(+/-)
EUR 108,349.88
Expenses / income from participations EUR 108,349.88
Income from transfer of profits
EUR 108,349.88
Interest result (+/-)
EUR -262,752.39
Interest and similar income
EUR 252,932.73
Interest and similar expenses
EUR 515,685.12
Financial result (+/-)
EUR -154,402.51
Result from ordinary operations (+/-)
EUR 7,524,749.20
Income tax / refund of income tax (+/-)EUR -2,038,884.76
Tax (+/-)
EUR -2,038,884.76
Annual surplus / annual deficit
EUR 5,485,864.44
Type of balance
sheet: Company
balance sheet
Financial year: 01.04.2011
- 31.03.2012
ASSETS EUR 76,306,103.76
Fixed assets
EUR 7,663,961.87
Intangible assets
EUR 44,536.34
Concessions, licences, rights
EUR 44,536.34
Tangible assets
EUR 7,280,641.16
Plant / machinery
EUR 4,745,011.33
Other tangible assets / fixtures and
fittings
EUR 656,248.61
Advance payments made / construction
in progress
EUR 1,879,381.22
Financial assets
EUR 338,784.37
Shares in participations /
subsidiaries and the like
EUR 334,104.37
Shares in related companies
EUR 50,564.59
Shares in investee companies
EUR 283,539.78
Other loans
EUR 4,680.00
Current assets
EUR 68,528,037.26
Stocks
EUR 26,739,748.34
Raw materials, consumables and
supplies
EUR 8,556,634.06
Finished goods / work in progress
EUR 18,183,114.28
Accounts receivable
EUR 22,814,642.90
Trade debtors
EUR 12,310,523.74
Amounts due from related companies
EUR 9,974,366.05
Other debtors and assets
EUR 529,753.11
Liquid means
EUR 18,973,646.02
Remaining other assets
EUR 114,104.63
Accruals (assets)
EUR 56,526.00
Active difference from asset
offsetting
EUR 57,578.63
LIABILITIES EUR 76,306,103.76
Shareholders' equity
EUR 47,301,781.36
Capital
EUR 2,556,459.41
Subscribed capital (share capital)
EUR 2,556,459.41
Reserves
EUR 7,637,404.26
Capital reserves
EUR 7,637,404.26
Balance sheet profit/loss (+/-)
EUR 37,107,917.69
Profit / loss brought forward
EUR 28,524,627.41
Annual surplus / annual deficit
EUR 8,583,290.28
Provisions
EUR 11,378,411.05
Pension provisions and comparable
provisions
EUR 5,317,204.00
Provisions for taxes
EUR 906,000.00
Other / unspecified provisions
EUR 5,155,207.05
Liabilities
EUR 17,625,911.35
Financial debts
EUR 5,499,999.91
Liabilities due to banks
EUR 5,499,999.91
Other liabilities
EUR 12,125,911.44
Trade creditors (for IAS incl. bills
of exchange)
EUR 3,445,708.50
Liabilities due to shareholders
EUR 1,998,329.17
Liabililties due to related companiesEUR 6,482,485.85
Liabilities due to investee companiesEUR 100,990.04
Unspecified other liabilities
EUR 98,397.88
thereof liabilities from tax /
financial authorities
EUR 85,209.88
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 137,789,732.64
Inventory change + own costs (+/-)
EUR 4,023,158.20
Inventory change (+/-)
EUR 4,023,158.20
Other operating income
EUR 36,727,229.32
Cost of materials
EUR 74,645,244.70
Raw materials and supplies, purchased
goods
EUR 74,645,244.70
Gross result (+/-)
EUR 103,894,875.46
Staff expenses
EUR 16,650,999.40
Wages and salaries
EUR 13,813,959.10
Social security contributions and
expenses for pension plans and
benefits
EUR 2,837,040.30
Total depreciation
EUR 1,893,261.37
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,893,261.37
Other operating expenses
EUR 73,679,018.62
Operating result from continuing
operations
EUR 11,671,596.07
Result from participating interests
(+/-)
EUR 110,641.49
Expenses
/ income from participations EUR
110,641.49
Income from transfer of profits
EUR 110,641.49
Interest result (+/-)
EUR 139,143.69
Interest and similar income
EUR 638,395.11
Interest and similar expenses
EUR 499,251.42
Financial result (+/-)
EUR 249,785.18
Result from ordinary operations (+/-)
EUR 11,921,381.25
Income tax / refund of income tax (+/-)EUR -3,338,090.97
Tax (+/-)
EUR -3,338,090.97
Annual surplus / annual deficit
EUR 8,583,290.28
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.48 |
|
|
1 |
Rs.98.24 |
|
Euro |
1 |
Rs.78.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.