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Report No. : |
335127 |
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Report Date : |
07.08.2015 |
IDENTIFICATION DETAILS
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Name : |
I.T.C. INTERCIRCUIT ELECTRONIC GMBH |
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Registered Office : |
Wasserburger Landstr. 280, D 81827
München |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
19.03.1986 |
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Com. Reg. No.: |
HRB 81538 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Wholesale
of Electronic and Telecommunications Equipment and Parts. · Wholesale of Other Machinery, Equipment and Supplies. |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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, 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 5.2% in 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private
investment. 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 plans to replace nuclear power with renewable energy, which
accounted for 27.8% of gross electricity consumption in 2014, up from 9% in
2000. 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. Extremely low inflation, caused largely by low global
energy prices and a weak euro, are expected to boost German GDP growth in 2015.
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Source
: CIA |
I.T.C.
INTERCIRCUIT ELECTRONIC GMBH
Company Status: active
Wasserburger Landstr. 280
D 81827 München
Telephone:089/453604-0
Telefax: 089/453604-20
Homepage: www.itc-intercircuit.de
E-mail: muenchen@itc-intercircuit.de
DE129389890
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 19.03.1986
Shareholders'
agreement: 19.03.1986
Registered on: 08.05.1987
Commercial
Register: Local court 80333 München
under: HRB
81538
EUR 52,000.00
Shareholder:
Erwin Franz Xaver Härtl
Großfriedrichsburger Str.
24
D 81827 München
born: 12.07.1944
Share: EUR 27,040.00
Shareholder:
Silvia Susanne Nowosad
Von-Erckert-Str. 92
D 81827 München
born: 16.01.1965
née: Härtl
Share: EUR 8,320.00
Shareholder:
Richard Erwin Franz-Xaver
Härtl
Von-Erckert-Str. 90
D 81827 München
born: 17.11.1968
Share: EUR 8,320.00
Shareholder:
Dominik Sebastian Härtl
Großfriedrichsburger Str.
24
D 81827 München
born: 17.06.1983
Share: EUR 8,320.00
Manager:
Erwin Franz Xaver Härtl
Großfriedrichsburger Str.
24
D 81827 München
having sole power of
representation
born: 12.07.1944
Profession: Engineer
Marital status: married
Manager:
Richard Erwin Franz-Xaver
Härtl
Von-Erckert-Str. 90
D 81827 München
having sole power of
representation
born: 17.11.1968
Further functions/participations of Erwin
Franz Xaver Härtl
(Manager)
Shareholder:
I.T.C. INTERCIRCUIT
PRODUCTION GmbH
Innere Gewerbestr. 8
D 09235 Burkhardtsdorf
Legal form: Private limited
company
Share capital: EUR 52,000.00
Share: EUR 14,560.00
Registered
on: 29.05.1991
Reg. data: 09112 Chemnitz, HRB 2470
Manager:
I.T.C. INTERCIRCUIT
PRODUCTION GmbH
Innere Gewerbestr. 8
D 09235 Burkhardtsdorf
Legal form: Private
limited company
Share capital: EUR 52,000.00
Registered
on: 29.05.1991
Reg. data: 09112 Chemnitz, HRB 2470
Further functions/participations of Richard
Erwin Franz-Xaver
Härtl (Manager)
Shareholder:
I.T.C. INTERCIRCUIT
PRODUCTION GmbH
Innere Gewerbestr. 8
D 09235 Burkhardtsdorf
Legal form: Private
limited company
Share capital: EUR 52,000.00
Share: EUR 12,480.00
Registered
on: 29.05.1991
Reg. data: 09112 Chemnitz, HRB 2470
Manager:
I.T.C. INTERCIRCUIT
PRODUCTION GmbH
Innere Gewerbestr. 8
D 09235 Burkhardtsdorf
Legal form: Private
limited company
Share capital: EUR
52,000.00
Registered
on: 29.05.1991
Reg. data: 09112 Chemnitz, HRB 2470
05.02.2013 - 04.12.2014 Manager
Silvia Susanne Nowosad
D 81827 München
Main
industrial sector
46520
Wholesale of electronic and telecommunications equipment and parts
4669
Wholesale of other machinery,
equipment and supplies
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Wasserburger Landstr. 280
D 81827 München
Real Estate of: Erwin Franz Xaver Härtl
Type of ownership: Tenant
Address Großfriedrichsburger Str. 24
D 81827 München
Land register documents were not available.
RAIFFEISENBANK MÜNCHEN-SÜD, 81457 MÜNCHEN
Sort. code: 70169466
BIC: GENODEF1M03
Turnover: 2014 *EUR 900,000.00
Profit: 2013 EUR 120,771.00
further
business figures:
Equipment: *EUR 30,000.00
Ac/ts receivable: EUR 640,877.00
Liabilities: EUR 719,069.00
Employees: 5
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 18.96
Liquidity
ratio: 0.45
Return on total capital [%]: 12.12
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 20.82
Liquidity ratio: 0.45
Return on total capital [%]: 11.54
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 24.40
Liquidity ratio: 0.42
Return on total capital [%]: 5.47
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 34.17
Liquidity
ratio: 0.70
Return on total capital [%]: 12.73
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: 01.01.2013 - 31.12.2013
ASSETS EUR 1,325,663.78
Fixed assets
EUR 314,428.16
Intangible assets EUR 800.00
Tangible assets
EUR 313,628.16
Current assets
EUR 1,005,031.97
Stocks
EUR 331,259.76
Accounts
receivable EUR 640,877.10
Liquid means
EUR 32,895.11
Remaining other assets
EUR 6,203.65
Accruals (assets)
EUR 6,203.65
LIABILITIES EUR 1,325,663.78
Shareholders' equity
EUR 518,366.42
Capital
EUR 52,000.00
Subscribed capital (share capital)
EUR 52,000.00
Reserves
EUR 100,000.00
Capital reserves
EUR 100,000.00
Balance sheet profit/loss (+/-)
EUR 366,366.42
Profit / loss brought forward
EUR 245,595.81
Annual surplus / annual deficit
EUR 120,770.61
Provisions
EUR 88,228.43
Liabilities
EUR 719,068.93
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 1,175,002.81
Fixed assets
EUR 358,496.00
Tangible assets EUR 358,496.00
Current assets
EUR 809,707.81
Stocks
EUR 190,515.90
Accounts receivable
EUR 451,022.13
Liquid means EUR 168,169.78
Remaining other assets
EUR 6,799.00
Accruals (assets)
EUR 6,799.00
LIABILITIES EUR 1,175,002.81
Shareholders' equity
EUR 397,595.81
Capital
EUR 52,000.00
Subscribed capital (share capital)
EUR 52,000.00
Reserves
EUR 100,000.00
Capital reserves
EUR 100,000.00
Balance sheet profit/loss (+/-)
EUR 245,595.81
Profit / loss brought forward
EUR 132,321.73
Annual surplus / annual deficit
EUR 113,274.08
Provisions
EUR 41,050.54
Liabilities
EUR 736,356.46
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
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|
1 |
Rs.99.60 |
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Euro |
1 |
Rs.69.71 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.