|
Report No. : |
281209.2 |
|
Report Date : |
01.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAG IAS GMBH |
|
|
|
|
Registered Office : |
Salacher Str. 93, D 73054 Eislingen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
2005 |
|
|
|
|
Com. Reg. No.: |
HRB 720186 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Manufacture of other tools · Manufacture of metal forming machinery · Repair of machinery · Wholesale of other machinery |
|
|
|
|
No. of Employees : |
1,000 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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, 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 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. 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 accounts for 34% of total energy
consumption, 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.
|
Source
: CIA |
MAG IAS GMBH
Company Status: active
Salacher Str. 93
D 73054 Eislingen
Telephone:07161/201-0
Telefax:
07161/201-353
Homepage: www.mag-ias.com
E-mail:
info@mag-ias.com
VAT
no.: DE254683562
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 2005
Shareholders'
agreement: 24.08.2005
Registered on:
15.08.2006
Commercial Register: Local court 89073 Ulm
under: HRB 720186
Share capital: EUR 30,000.00
Shareholder:
MAG International
Industrial Machinery
S.a.r.l.
8-10, rue Mathias Hardt
L Luxemburg
Legal form: Other legal
form
Share: EUR 25,000.00
Shareholder:
Moshe I. Madar
1395 Brickell Avenue
Espirito Santo Plaza
USA FL 33131 Miami
born: 10.04.1943
Share: EUR 5,000.00
Manager:
Rainer Schmückle
D 70327 Stuttgart
born: 03.12.1959
Manager:
Dr. Heiner Lang
D 73728 Esslingen
born: 13.05.1976
President
of the Supervisory Board:
Rolf Bartke
Pardemannstr. 11c
D 14109 Berlin
Vice-president of the Supervisory Board:
Hans Peter Ring
D 80335 München
Marital status: unknown
Member of the Supervisory Board:
Hermann Doppler
Grundstr. 4
D 71691 Freiberg
born: 10.03.1953
Profession: graduate engineer
Marital status: married
Member of the Supervisory Board:
Uwe Wolf
Neckarkatzenbacher Str.
12
D 74858 Aglasterhausen
born: 14.01.1962
Profession: Businessman
Member of the Supervisory Board:
Georg Weiberg
D 70173 Stuttgart
Marital status: unknown
Representative
of the Employees within the Supervisory Board:
Werner Lorenz
D 73312 Geislingen
Representative of the Employees within the
Supervisory Board:
Thomas Itzelberger
Im Wiedenberg 38
D 73113 Ottenbach
Proxy:
Elmar Potdevin
Händelstr. 14
D 66482 Zweibrücken
authorized to jointly
represent the company
born: 30.12.1954
Profession: graduate
engineer
Marital status: married
Proxy:
Thomas Unseld
Sonnenwiese 10
D 73230 Kirchheim
authorized to jointly
represent the company
born: 08.09.1968
Proxy:
Manfred Ernst Berger
D 74189 Weinsberg
authorized to jointly
represent the company
born: 14.03.1956
Proxy:
Norbert Litzkow
D 73061 Ebersbach
authorized to jointly
represent the company
born: 21.03.1955
Proxy:
Jens Mayr
D 72631 Aichtal
authorized to jointly
represent the company
born: 04.07.1974
Proxy:
Ralf Hermann
Ringstr. 35
D 73084 Salach
authorized to jointly
represent the company
born: 01.05.1977
Proxy:
Olaf Furtmeier
D 73265 Dettingen
authorized to jointly represent
the company
born: 12.06.1972
Proxy:
Jens Gutsche
D 73116 Wäschenbeuren
authorized to jointly
represent the company
born: 28.09.1971
Proxy:
Thomas Bayha
D 71706 Markgröningen
authorized to jointly
represent the company
born: 26.06.1955
Proxy:
Helmut Gaßmann
D 73240 Wendlingen
authorized to jointly
represent the company
born: 09.04.1958
Further functions/participations of Rainer
Schmückle (Manager)
Shareholder:
SFCap GmbH
Bopserwaldstr. 34
D 70184 Stuttgart
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 25.03.2011
Reg. data: 70190 Stuttgart, HRB 737054
Manager:
SFCap GmbH
Bopserwaldstr. 34
D 70184 Stuttgart
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 25.03.2011
Reg. data: 70190 Stuttgart, HRB 737054
24.08.2005 - 13.12.2005 Diamant 19. (Neunzehnte) GmbH
Königsallee 14
D 40212 Düsseldorf
Private limited
company
13.12.2005 - 15.08.2006 MAG International Metalcutting Machinery
GmbH (AG Düsseldorf
HRB 52405)
Königsallee 14
D 40212 Düsseldorf
Private limited
company
15.08.2006 - 26.06.2007 MAG International Metalcutting Machinery
GmbH
Salacher Str. 93
D 73054 Eislingen
Private limited
company
26.06.2007 - 25.02.2008 MAG International Metalcutting Machinery
GmbH
Stuttgarter Str. 50
D 73033 Göppingen
Private limited
company
25.02.2008 - 08.07.2013 MAG Europe GmbH
Stuttgarter Str. 50
D 73033 Göppingen
Private limited
company
08.07.2013 - 19.11.2014 MAG IAS GmbH
Stuttgarter Str. 50
D 73033 Göppingen
Private
limited company
07.10.2013 - 14.04.2015 Manager
Dr. Reiner Eugen
Beutel
D 71634 Ludwigsburg
07.10.2013 - 19.11.2014 Manager
Prof. Moshe I. Meidar
USA Miami
05.11.2013 - 01.09.2014 Manager
Michael Heinz
D 67373 Dudenhofen
07.12.2012 - 06.06.2014 President of the Supervisory Board
Dr. Eckhard Cordes
D 81925 München
07.12.2012 - 06.06.2014 Member of the Supervisory Board
Dr. Michael Friedrich
Keppel
D 61348 Bad Homburg
13.02.2014 - 24.03.2014 Manager
Andreas Meinz
D 47798 Krefeld
26.07.2013 - 30.09.2013 Manager
Dr. Sebastian
Schöning
D 52062 Aachen
25.10.2012 - 30.09.2013 Manager
Dr. Gerald Weber
D 73525 Schwäbisch
Gmünd
22.12.2011 - 30.09.2013 Manager
Jan Siebert
D 70173 Stuttgart
22.12.2011 - 08.10.2012 Manager
Rolf Rickmeyer
D 64297 Darmstadt
Main industrial sector
25735
Manufacture of other tools
28410
Manufacture of metal forming machinery
33120
Repair of machinery
46692
Wholesale of other machinery
Branch:
MAG IAS GmbH
Salacher Str. 93
D 73054 Eislingen
TEL.: 07161/805-0
FAX.: 07161/805-223
Shareholder:
Honsberg
Sonderwerkzeugmaschinen GmbH
Salacher Str. 93
D 73054 Eislingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 12.01.2009
Local court
89073 Ulm
HRB 723049
Shareholder:
MAG Real Estate Europe
GmbH
Salacher Str. 93
D 73054 Eislingen
Legal form: Private
limited company
Company Status:
active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 07.01.2011
Local court
89073 Ulm
HRB 725980
Payment experience: taking full advantage of periods as agreed
upon
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address
Salacher Str. 93
D 73054 Eislingen
Land register documents were not available.
DEUTSCHE BANK, 73003 GÖPPINGEN
Sort. code: 61070078, Account no.: 166115600
BIC: DEUTDESS610, IBAN: DE62610700780166115600
Turnover: 2013 EUR 387,800,000.00
Expected turnover: EUR
365,000,000.00
Equipment: EUR 2,691,845.00
Ac/ts receivable: EUR 74,973,035.00
Liabilities: EUR 154,240,146.00
Employees:
1,000
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: -129.77
Liquidity ratio: 0.11
Return on total capital [%]: -30.62
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -56.57
Liquidity ratio: 0.10
Return
on total capital [%]: -58.37
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: -32.84
Liquidity ratio: 0.13
Return on total capital [%]: 7.87
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -75.21
Liquidity ratio: 0.17
Return on total capital [%]: 7.53
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 158,374,588.29
Fixed assets
EUR 52,351,612.79
Intangible assets
EUR 2,910,855.00
Tangible assets
EUR 1,749,451.00
Financial assets
EUR 47,691,306.79
Current assets
EUR 18,852,066.61
Accounts receivable
EUR 18,526,390.42
Other debtors and assets
EUR 18,526,390.42
Investments in current assets
EUR 141,301.97
Liquid means EUR 184,374.22
Remaining other assets
EUR 87,170,908.89
Accruals (assets)
EUR 324,391.63
Deficit not covered by shareholders'
equity
EUR 86,846,517.26
LIABILITIES EUR 158,374,588.29
Shareholders' equity
EUR 0.00
Capital
EUR 30,000.00
Subscribed capital (share capital)
EUR 30,000.00
Reserves
EUR 6,892,319.82
Capital reserves
EUR 6,892,319.82
Balance sheet profit/loss (+/-)
EUR -6,922,319.82
Profit / loss brought forward
EUR -6,922,319.82
Provisions
EUR 4,092,580.83
Liabilities
EUR 154,282,007.46
Guarantees and other commitments
EUR 12,201,000.00
Guarantees
/ warranties EUR 12,201,000.00
Guarantees
EUR 12,201,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 26,647,637.38
Staff expenses
EUR 4,046,305.76
Wages and salaries
EUR 3,595,129.03
Social security contributions and
expenses for pension plans and
benefits EUR 451,176.73
Total depreciation
EUR 1,456,248.87
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,456,248.87
Other
operating expenses EUR 30,066,034.55
Operating result from continuing
operations
EUR -8,920,951.80
Result from participating interests
(+/-)
EUR -4,352,026.99
Expenses / income from participations EUR 1,550,543.89
Income from transfer of profits
EUR 720,806.09
Income from related companies
EUR 829,737.80
Expenses for participations
EUR 5,902,570.88
Expenses for other participations
EUR 5,902,570.88
Interest result (+/-)
EUR -6,554,251.47
Interest and similar income
EUR 71,766.70
thereof
from related companies EUR 0.00
Interest and similar expenses
EUR 6,626,018.17
thereof paid to related companies
EUR 6,468,020.83
Other financial result
EUR 1,940,577.21
Income from securities and loans from
financial assets
EUR 2,346,527.60
thereof related companies
EUR 2,346,527.60
Depreciation on financial assets and
marketable securities EUR 405,950.39
Financial result (+/-)
EUR -8,965,701.25
Result from ordinary operations (+/-)
EUR -17,886,653.05
Extraordinary result (+/-)
EUR -2,955,811.96
Income tax / refund of income tax (+/-)EUR -258,909.19
Other taxes / refund of taxes
EUR -4,574.00
Tax
(+/-)
EUR -263,483.19
Annual surplus / annual deficit
EUR -21,105,948.20
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 193,432,730.69
Fixed assets
EUR 105,378,695.40
Intangible assets EUR 2,410,348.00
Other / unspecified intangible assetsEUR 2,410,348.00
Tangible assets
EUR 989,534.00
Other / unspecified tangible assets
EUR 989,534.00
Financial assets
EUR 101,978,813.40
Other / unspecified financial assets EUR 101,978,813.40
Current assets
EUR 22,040,001.16
Accounts receivable
EUR 21,276,476.20
Other debtors and assets
EUR 21,276,476.20
Investments in current assets
EUR 143,022.90
Liquid means
EUR 620,502.06
Remaining other assets
EUR 66,014,034.13
Accruals (assets)
EUR 273,465.07
Deficit not covered by shareholders'
equity
EUR 65,740,569.06
LIABILITIES EUR 193,432,730.69
Shareholders' equity
EUR 0.00
Capital
EUR 30,000.00
Subscribed capital (share capital)
EUR 30,000.00
Reserves
EUR 6,892,319.82
Capital reserves
EUR 6,892,319.82
Balance sheet profit/loss (+/-)
EUR -6,922,319.82
Profit / loss brought forward
EUR -537,623.29
Balance sheet profit / loss
EUR -6,384,696.53
Provisions
EUR 5,229,460.29
Liabilities
EUR 188,203,270.40
Other liabilities
EUR 188,203,270.40
Unspecified other liabilities
EUR 188,203,270.40
Guarantees and other commitments
EUR 16,879,000.00
Guarantees / warranties
EUR 16,879,000.00
Guarantees
EUR 16,879,000.00
PROFIT AND LOSS ACCOUNT (cost-summary
method) according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 25,492,574.74
Staff expenses
EUR 6,612,126.86
Wages and salaries
EUR 5,718,837.01
Social security contributions and
expenses for pension plans and
benefits
EUR 893,289.85
Total depreciation
EUR 1,181,496.53
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,181,496.53
Other operating expenses
EUR 33,700,276.98
Operating result from continuing
operations EUR
-16,001,325.63
Result from participating interests
(+/-)
EUR -51,984,290.39
Expenses / income from participations EUR 988,127.94
Income from transfer of profits
EUR 988,127.94
Expenses for participations
EUR 52,972,418.33
Expenses for other participations
EUR 52,972,418.33
Interest result (+/-)
EUR -6,162,935.75
Interest and similar income
EUR 158,964.68
thereof from related companies
EUR 49,965.95
Interest and similar expenses
EUR 6,321,900.43
thereof paid to related companies
EUR 6,212,940.24
Other financial result EUR 2,042,622.25
Income from securities and loans from
financial assets
EUR 3,818,756.94
thereof related companies
EUR 3,652,214.35
Depreciation on financial assets and
marketable
securities EUR 1,776,134.69
Financial result (+/-)
EUR -56,104,603.89
Result from ordinary operations (+/-)
EUR -72,105,929.52
Extraordinary expenses
EUR 7,107.00
Extraordinary result (+/-)
EUR -7,107.00
Income tax / refund of income tax (+/-)EUR 10,516.17
Other taxes / refund of taxes
EUR -22,745.24
Tax
(+/-)
EUR -12,229.07
Annual surplus / annual deficit
EUR -72,125,265.59
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.97.80 |
|
Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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.