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Report No. : |
305959 |
|
Report Date : |
02.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
I-H
& S GMBH |
|
|
|
|
Registered Office : |
Mairichweg
50 D 71546 Aspach |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
10.08.1987 |
|
|
|
|
Com. Reg. No.: |
HRB
270805 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
·
Engaged as Service Providers for the
Overhauling of CNC TRUMPF Second Hand Machines. ·
Engaged
in Installation of machines and equipment ·
Agents
involved in the sale of machines (except agricultural machinery and office machinery)
as well as industrial supplies |
|
|
|
|
No. of Employees |
33 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
I-H & S GMBH
Mairichweg 50
D 71546 Aspach
Telephone:07191/3414-0
Telefax: 07191/3414-14
Homepage: www.ihs-gmbh.de
E-mail: info@ihs-gmbh.de
VAT no.: DE144748636
Company
Status: active
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1987
Shareholders'
agreement: 01.07.1987
Registered on: 10.08.1987
Commercial Register: Local court 70190 Stuttgart
under: HRB
270805
Share capital: EUR 150,000.00
Shareholder:
Lothar Schad
Mairichweg 27
D 71546 Aspach
born: 16.06.1951
Share: EUR 90,000.00
Shareholder:
Kewin Michael Schad
Mairichweg 27
D 71546 Aspach
born: 09.08.1978
Share: EUR 60,000.00
Manager:
Lothar Schad
Mairichweg 27
D 71546 Aspach
having sole power of
representation
born: 16.06.1951
Profession: Technical
engineer
Marital status: married
Manager:
Kewin Michael Schad
Mairichweg 27
D 71546 Aspach
having sole power of
representation
born: 09.08.1978
01.07.1987 - 30.08.2001 Industrielle Hard & Software Vertriebs
GmbH
Sommerrain 16
D 71546 Aspach
Private limited
company
01.09.2001 - 28.06.2004 Industrielle Hard & Software Vertriebs
GmbH
Mairichweg 50
D 71546 Aspach
Private limited
company
·
Engaged as Service Providers for the Overhauling
of CNC TRUMPF Second Hand Machines.
·
Engaged
Installation of machines and equipment
·
Agents
involved in the sale of machines (except agricultural machinery and office
machinery) as well as industrial supplies
Payment
experience: within agreed terms
Negative information: We have no negative
information at hand.
BALANCE SHEET YEAR: 2012/2013
Type of ownership: Tenant
Address Mairichweg 50
D 71546 Aspach
Land register documents were not available.
KREISSPARKASSE WAIBLINGEN, 71546 ASPACH B
BACKNANG
Sort. code: 60250010
BIC: SOLADES1WBN
VOLKSBANK BACKNANG, 71546 ASPACH B BACKNANG
Sort. code: 60291120
BIC: GENODES1VBK
Turnover: 2013/2014 *EUR 4,011,500.00
Profit: 2011/2012 EUR 193,614.00
2012/2013
EUR 174,301.00
further business figures:
Ac/ts receivable: EUR 229,966.00
Liabilities: EUR 1,734,176.00
Total numbers of
vehicles:
11
- Lorries:
1
- Passenger cars:
10
Employees:
33
- Part-time employees: 8
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios
01.07.2012 - 30.06.2013
Equity ratio [%]: 35.96
Liquidity ratio: 0.23
Return on total capital
[%]: 5.42
Balance sheet ratios
01.07.2011 - 30.06.2012
Equity ratio [%]: 23.67
Liquidity ratio: 0.39
Return on total capital
[%]: 5.42
Balance sheet ratios
01.07.2010 - 30.06.2011
Equity ratio [%]: 30.40
Liquidity ratio: 0.58
Return on total capital
[%]: 2.70
Balance sheet ratios
01.07.2009 - 30.06.2010
Equity ratio [%]: 16.06
Liquidity ratio: 0.38
Return on total capital
[%]: 1.38
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: 01.07.2012 - 30.06.2013
ASSETS EUR 3,230,696.04
Fixed assets EUR 342,001.55
Intangible assets EUR 29,974.00
Tangible assets EUR 311,977.55
Financial assets EUR 50.00
Other / unspecified
financial assets EUR
50.00
Current assets EUR 2,874,556.69
Stocks EUR 2,049,002.00
Accounts receivable EUR 229,966.17
Liquid means EUR 595,588.52
Remaining other
assets EUR 14,137.80
Accruals (assets) EUR 14,137.80
LIABILITIES EUR 3,230,696.04
Shareholders' equity EUR 1,041,416.95
Capital EUR 150,000.00
Subscribed capital
(share capital) EUR 150,000.00
Balance sheet profit/loss
(+/-) EUR 891,416.95
Profit / loss brought
forward EUR 717,115.77
Annual surplus / annual
deficit EUR 174,301.18
Provisions EUR 455,103.00
Liabilities EUR 1,734,176.09
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.07.2011 - 30.06.2012
ASSETS EUR 3,593,662.01
Fixed assets EUR 351,709.55
Intangible assets EUR 38,623.00
Other / unspecified
intangible assetsEUR
38,623.00
Tangible assets EUR 313,036.55
Other / unspecified
tangible assets EUR 313,036.55
Financial assets EUR 50.00
Other / unspecified
financial assets EUR
50.00
Current assets EUR
3,231,300.96
Stocks EUR 2,244,318.36
Accounts receivable EUR 853,658.57
Other debtors and
assets EUR 853,658.57
Liquid means EUR 133,324.03
Remaining other
assets EUR 10,651.50
Accruals (assets) EUR 10,651.50
LIABILITIES EUR 3,593,662.01
Shareholders' equity EUR 867,115.77
Capital EUR 150,000.00
Subscribed capital
(share capital) EUR 150,000.00
Balance sheet profit/loss
(+/-) EUR 717,115.77
Profit / loss brought forward EUR 523,501.65
Annual surplus / annual
deficit EUR 193,614.12
Provisions EUR 386,892.62
Liabilities EUR 2,339,653.62
Other liabilities EUR 2,339,653.62
Unspecified other
liabilities EUR 2,339,653.62
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.76 |
|
|
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.