|
Report No. : |
298696.2 |
|
Report Date : |
24.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
IMPAC
OFFSHORE ENGINEERING GMBH |
|
|
|
|
Registered Office : |
Hohe
Bleichen 5 D 20354 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
09.04.1983 |
|
|
|
|
Com. Reg. No.: |
HRB
31140 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Subject is engaged in engineering activities in the field of technical sectoral
planning and engineering design. |
|
|
|
|
No. of Employees : |
78 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
IMPAC
OFFSHORE ENGINEERING GMBH
Company Status: active
Hohe Bleichen 5
D 20354 Hamburg
Telephone:040/3554400
Telefax: 040/340500
Homepage: www.impac.de
E-mail: info@impac.de
VAT
no.: DE118571456
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 09.04.1983
Shareholders'
agreement: 09.04.1983
Registered on: 01.07.1983
Commercial Register: Local court 20355 Hamburg
under: HRB
31140
EUR 1,000,000.00
Shareholder:
IMPaC International GmbH
Hochkamp 33
D 22113 Oststeinbek
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 960,000.00
Registered on: 15.07.2015
Reg. data: 23568 Lübeck,
HRB 15026 HL
Shareholder:
IMPaC
Mitarbeiterbeteiligungs GbR
Hohe Bleichen 5
D 20354 Hamburg
Legal form: Partnership
under the Civil Code
Share: EUR 40,000.00
Manager:
Dr.-Ing. Wolf-Dieter
Longrée
Hochkamp 33
D 22113 Oststeinbek
having sole power of
representation
born: 03.09.1940
Profession: graduate engineer
Marital status: married
Manager:
Stephan Walther-Longrée
D 20095 Hamburg
authorized to jointly
represent the company
born: 25.01.1961
Manager:
Tilman Johannes Schiegl
D 20354 Hamburg
authorized to jointly
represent the company
born: 02.04.1962
Proxy:
Dr. Heinrich Martin Winter
Im Zeesen 5
D 21220 Seevetal
authorized to jointly
represent the company
born: 26.11.1964
Proxy:
Dr. Heiko Hosse
D 20354 Hamburg
authorized to jointly
represent the company
born: 12.09.1971
Proxy:
Andreas Menze
D 20354 Hamburg
authorized to jointly
represent the company
born: 05.02.1971
Further functions/participations of Dr.-Ing.
Wolf-Dieter Longrée
(Manager)
Manager:
IMPaC Engineering SX GmbH
Schmiedeberger Str. 6
D 04207 Leipzig
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 13.10.1993
Reg. data:
04275 Leipzig, HRB 8032
Manager:
WDL Beteiligungs GmbH
Hochkamp 33
D 22113 Oststeinbek
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.04.2008
Reg. data: 23568 Lübeck, HRB 8183 HL
Manager:
IMPaC International GmbH
Hochkamp 33
D 22113 Oststeinbek
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 15.07.2015
Reg. data: 23568 Lübeck, HRB 15026 HL
Further functions/participations of Stephan
Walther-Longrée
(Manager)
General partner:
IMPaC
Mitarbeiterbeteiligungs GbR
Hohe Bleichen 5
D 20354 Hamburg
Legal form: Partnership
under the Civil Code
Further functions/participations of Tilman
Johannes Schiegl
(Manager)
General partner:
IMPaC
Mitarbeiterbeteiligungs GbR
Hohe Bleichen 5
D 20354 Hamburg
Legal form: Partnership
under the Civil Code
Manager:
GOCert GmbH
Axel-Springer-Platz 2
D 20355 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 09.01.2015
Reg. data: 20355 Hamburg, HRB 134785
Main industrial sector
71122
Engineering activities in the field of technical sectoral planning
andengineering design
Shareholder:
IMPaC Engineering SX GmbH
Schmiedeberger Str. 6
D 04207 Leipzig
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 13.10.1993
Local court
04275 Leipzig
HRB 8032
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2014
Type of ownership: Tenant
Address Hohe Bleichen 5
D 20354 Hamburg
Real Estate of: Dr.-Ing. Wolf-Dieter Longrée
Type of ownership: proprietor
Share: 100.00 %
Address Hochkamp 33
D 22113 Oststeinbek
Land register documents were not available.
COMMERZBANK, 20454 HAMBURG
Sort.
code: 20040000, Account no.: 3880440
BIC: COBADEHHXXX, IBAN: DE76200400000388044000
UNICREDIT BANK - HYPOVEREINSBANK, 20454
HAMBURG
Sort. code: 20030000
BIC: HYVEDEMM300
Gross
profit or loss:2013
EUR 11,140,780.00
2014 EUR 10,111,510.00
Profit: 2013 EUR 263,714.00
2014 EUR 385,669.00
further business figures:
Equipment:
EUR 141,532.00
Ac/ts receivable: EUR 2,138,184.00
Liabilities: EUR 1,955,744.00
Employees:
78
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 44.27
Liquidity ratio: 2.47
Return on total capital [%]: 7.89
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 40.62
Liquidity ratio: 5.54
Return on total capital [%]: 5.88
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 31.20
Liquidity ratio: 1.53
Return on total capital [%]: -9.61
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 39.48
Liquidity ratio: 1.59
Return on total capital [%]: 6.23
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: 01.01.2014
- 31.12.2014
ASSETS EUR 4,985,224.63
Fixed assets
EUR 359,245.56
Intangible assets
EUR 113,933.00
Other / unspecified intangible assetsEUR 113,933.00
Tangible assets
EUR 141,532.00
Other tangible assets / fixtures and
fittings
EUR 141,532.00
Financial assets
EUR 103,780.56
Shares in participations /
subsidiaries and the like
EUR 103,780.56
Shares in investee companies
EUR 103,780.56
Current assets
EUR 4,545,928.35
Stocks
EUR 1,522,412.57
Accounts receivable
EUR 2,138,183.81
Amounts due from related companies
EUR 443,928.32
Other debtors and assets
EUR 1,694,255.49
Liquid means
EUR 885,331.97
Remaining other assets
EUR 80,050.72
Accruals (assets)
EUR 80,050.72
LIABILITIES EUR 4,985,224.63
Shareholders' equity
EUR 2,032,564.67
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 200,000.00
Capital reserves
EUR 200,000.00
Balance sheet profit/loss (+/-)
EUR 832,564.67
Profit / loss brought forward
EUR 446,895.77
Annual surplus / annual deficit
EUR 385,668.90
Provisions EUR 996,916.04
Liabilities
EUR 1,955,743.92
thereof total due to shareholders
EUR 206,086.40
Other liabilities
EUR 1,955,743.92
Liabililties due to related companiesEUR 20,067.50
Unspecified other liabilities
EUR 1,935,676.42
thereof liabilities from tax /
financial authorities
EUR 220,469.10
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 10,111,509.70
Staff expenses
EUR 5,527,481.55
Wages and salaries
EUR 4,805,116.77
Social security contributions and
expenses for pension plans and
benefits
EUR 722,364.78
Total depreciation
EUR 164,578.32
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 164,578.32
Other operating expenses
EUR 4,003,050.24
Operating result from continuing
operations
EUR 416,399.59
Interest
result (+/-) EUR -8,904.85
Interest and similar income
EUR 15,245.15
Interest and similar expenses
EUR 24,150.00
Financial result (+/-)
EUR -8,904.85
Result from ordinary operations (+/-)
EUR 407,494.74
Extraordinary expenses
EUR 2,968.80
Extraordinary result (+/-)
EUR -2,968.80
Income tax / refund of income tax (+/-)EUR -17,505.04
Other taxes / refund of taxes
EUR -1,352.00
Tax
(+/-)
EUR -18,857.04
Annual surplus / annual deficit
EUR 385,668.90
Type
of balance sheet: Company
balance sheet
Financial year: 01.01.2013
- 31.12.2013
ASSETS EUR 4,575,714.65
Fixed assets
EUR 332,394.56
Intangible assets
EUR 85,259.00
Other / unspecified intangible assetsEUR 85,259.00
Tangible assets
EUR 143,355.00
Other tangible assets / fixtures and
fittings
EUR 143,355.00
Financial assets
EUR 103,780.56
Shares in participations /
subsidiaries and the like
EUR 103,780.56
Shares in investee companies
EUR 103,780.56
Current
assets EUR 4,181,524.60
Stocks
EUR 455,792.94
Accounts receivable
EUR 2,113,596.81
Amounts due from related companies
EUR 49,579.43
Other debtors and assets
EUR 2,064,017.38
Liquid means
EUR 1,612,134.85
Remaining other assets
EUR 61,795.49
Accruals (assets)
EUR 61,795.49
LIABILITIES EUR 4,575,714.65
Shareholders' equity
EUR 1,872,895.77
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 200,000.00
Capital reserves
EUR 200,000.00
Balance sheet profit/loss (+/-)
EUR 672,895.77
Profit / loss brought forward
EUR 409,182.25
Annual surplus / annual deficit
EUR 263,713.52
Provisions
EUR 698,520.86
Liabilities
EUR 2,004,298.02
thereof total due to shareholders
EUR 10,857.52
Other liabilities
EUR 2,004,298.02
Liabililties due to related companiesEUR 67.50
Unspecified other liabilities
EUR 2,004,230.52
thereof liabilities from tax /
financial authorities
EUR 129,120.22
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 11,140,780.19
Staff
expenses EUR 4,757,648.74
Wages and salaries
EUR 4,120,159.64
Social security contributions and
expenses for pension plans and
benefits
EUR 637,489.10
Total depreciation
EUR 206,989.08
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 206,989.08
Other operating expenses EUR 5,820,341.01
Operating result from continuing
operations
EUR 355,801.36
Interest result (+/-)
EUR -76,637.43
Interest and similar income
EUR 6,530.99
Interest and similar expenses
EUR 83,168.42
Financial result (+/-)
EUR -76,637.43
Result from ordinary operations (+/-)
EUR 279,163.93
Extraordinary expenses EUR 2,968.80
Extraordinary result (+/-)
EUR -2,968.80
Income tax / refund of income tax (+/-)EUR -11,129.61
Other taxes / refund of taxes
EUR -1,352.00
Tax
(+/-) EUR -12,481.61
Annual surplus / annual deficit
EUR 263,713.52
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.83 |
|
|
1 |
Rs.103.39 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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.