|
Report No. : |
346164 |
|
Report Date : |
21.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ILLIG MASCHINENBAU GMBH & CO. KG |
|
|
|
|
Registered Office : |
Robert-Bosch-Str. 10, D 74081 Heilbronn |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
1946 |
|
|
|
|
Com. Reg. No.: |
HRA 101404 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
·
Manufacture
of Machine Tools for Processing Other Hard Substances. Wholesale of Machine
Tools. |
|
|
|
|
No. of Employees : |
750 |
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, 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.
|
Source
: CIA |
ILLIG
MASCHINENBAU GMBH & CO. KG
Company Status: active
Robert-Bosch-Str. 10
D
74081 Heilbronn
Telephone:07131/505-0
Telefax: 07131/505-303
Homepage: www.illig.de
E-mail: info@illig.de
VAT no.: DE145801399
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1946
Registered on: 10.03.1961
Register of
companies: Local
court 70190 Stuttgart
under: HRA
101404
EUR 5,280,000.00
Limited partner:
Wolfgang Illig
Haigernstr. 54
D
74223 Flein
born:
03.06.1946
Share: EUR 1,560,000.00
Limited partner:
Dr.
Annette Schäuble
Melli-Beese-Str. 16
D
74074 Heilbronn
née:
Illig
Share: EUR 1,560,000.00
Limited partner:
Karin
Schäuble
Melli-Beese-Str. 16
D
74074 Heilbronn
born:
08.08.1984
Share: EUR 720,000.00
Limited partner:
Sandra
Bilger
D
91052 Erlangen
born:
12.11.1976
Share: EUR 720,000.00
Limited partner:
Ralf
Illig
Martin-Maier-Str. 45
D
74223 Flein
born:
01.05.1973
Share: EUR 720,000.00
General partner:
ILLIG
GmbH
Robert-Bosch-Str.
10
D
74081 Heilbronn
Legal
form: Private limited company
Share
capital: EUR 60,000.00
Registered on: 19.02.1975
Reg.
data: 70190 Stuttgart, HRB 101063
Shareholder:
Wolfgang Illig
Haigernstr. 54
D
74223 Flein
born:
03.06.1946
Share: EUR 15,600.00
Shareholder:
Dr.
Annette Schäuble
Melli-Beese-Str. 16
D
74074 Heilbronn
née:
Illig
Share: EUR 15,000.00
Shareholder:
Sandra
Bilger
D
91052 Erlangen
born:
12.11.1976
Share: EUR 7,200.00
Shareholder:
Kuno
Schäuble
Bönnigheimer Str. 50a
D
70435 Stuttgart
born:
10.06.1987
Share: EUR 7,200.00
Shareholder:
Ralf
lllig
Badener
Str. 97
D
74074 Heilbronn
born:
01.05.1973
Share: EUR 7,200.00
Shareholder:
Karin
Schäuble
Maybachstr. 27
D 70469 Stuttgart
born:
08.08.1984
Share: EUR 7,200.00
Shareholder:
Karl
Schäuble
D
74074 Heilbronn
born:
27.03.1951
Share: EUR 600.00
Manager:
Wolfgang Illig
Haigernstr. 54
D
74223 Flein
born:
03.06.1946
Profession: graduate engineer
Marital status: married
Manager:
Karl
Schäuble
D
74074 Heilbronn
having
sole power of representation
born:
27.03.1951
Profession: graduate engineer
Marital status: married
Manager:
Dr.
Heinrich Sielemann
D
54290 Trier
having
sole power of representation
born:
22.01.1966
General partner:
Kuno
Schäuble
Melli-Beese-Str. 16
D
74074 Heilbronn
born:
10.06.1987
Proxy:
Bernhard
Gerdes
Im
Fuchsloch 9
D
74199 Untergruppenbach
authorized to jointly represent the company
born:
06.05.1961
Proxy:
Klaus
Eisele
D 74199 Untergruppenbach
authorized to jointly represent the company
born:
12.12.1960
Marital status: unknown
Proxy:
Hans-Peter Roth
D 70565
Stuttgart
authorized to jointly represent the company
Marital status: unknown
Further
functions/participations of Kuno Schäuble (General
partner)
Shareholder:
KS
Immo Verwaltungs GmbH
Melli-Beese-Str. 16
D
74074 Heilbronn
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 5,000.00
Registered
on: 21.08.2012
Reg.
data: 70190 Stuttgart, HRB 742224
1946 - 10.03.1961 Adolf Illig
Hohenstaufenstr.
D
74074 Heilbronn
Unregistered commercial enterprise
11.03.1961 -
22.03.2006 ILLIG Maschinenbau GmbH &
Co. KG
D
74081 Heilbronn
Ltd partnership with priv. ltd. company
as
general partner
Main industrial sector
28492 Manufacture of machine tools for processing
other hard substances
Secondary industrial sector
46620 Wholesale of machine tools
Works:
ILLIG
Maschinenbau GmbH & Co. KG
Mauerstr. 100
D
74081 Heilbronn
Payment experience: cash discount/within agreed terms
Negative information:We
have no negative information at hand.
Balance sheet year: 2010
Type of ownership: proprietor
Share: 100.00 %
Address Mauerstr. 100
D
74081 Heilbronn
Type of ownership: Tenant
Address Robert-Bosch-Str. 10
D
74081 Heilbronn
Real Estate of: Wolfgang Illig
Type of ownership: proprietor
Share: 100.00 %
Address Martin-Maier-Str. 17
D
74223 Flein
Land register documents
were not available.
Principal bank
KREISSPARKASSE HEILBRONN,
74014 HEILBRONN, NECKAR
Sort. code: 62050000
BIC: HEISDE66XXX
Further bank
DEUTSCHE BANK, 74005
HEILBRONN, NECKAR
Sort. code: 62070081
BIC: DEUTDESS620
Turnover: 2013 *EUR 113,750,000.00
2014 *EUR 113,750,000.00
further business figures:
Equipment:
EUR 1,671,665.00
Ac/ts receivable: EUR 12,788,584.00
Liabilities: EUR 58,152,342.00
Employees:
750
The business figures marked
with an asterisk are estimates based on average values in the line of business.
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 64.44
Liquidity ratio: 10.00
Return
on total capital [%]: 1.62
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 64.76
Liquidity ratio: 10.00
Return on total capital [%]: -6.69
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 89,955,878.57
Fixed assets
EUR 31,966,744.68
Intangible assets
EUR 239,468.00
Concessions, licences, rights EUR 239,468.00
Tangible assets
EUR 24,066,542.98
Land / similar rights
EUR 17,723,612.98
Plant / machinery
EUR 4,671,265.00
Other tangible assets / fixtures and
fittings
EUR 1,671,665.00
Financial assets
EUR 7,660,733.70
Shares in participations /
subsidiaries and the like
EUR 231,758.83
Shares in related companies
EUR 231,758.83
Other / unspecified financial assets EUR 7,428,974.87
Current assets
EUR 57,482,184.38
Stocks EUR 25,266,483.61
Raw materials, consumables and
supplies
EUR 9,894,452.62
Finished goods / work in progress
EUR 24,148,637.57
Advance payments made
EUR 113,844.80
Minus received advance payments for
orders / installments for stocks
EUR -8,890,451.38
Accounts receivable
EUR 12,788,583.55
Trade debtors
EUR 11,156,385.46
Amounts due from related companies
EUR 439,515.98
Other debtors and assets
EUR 1,192,682.11
Investments in current assets
EUR 347,550.00
Other investments
EUR 347,550.00
Liquid means
EUR 19,079,567.22
Remaining other assets
EUR 506,949.51
Accruals (assets)
EUR 202,088.51
Deferred taxes (assets)
EUR 300,287.00
Other assets
EUR 4,574.00
LIABILITIES EUR 89,955,878.57
Shareholders' equity
EUR 13,604,936.15
Capital EUR 6,104,936.15
Capital of the fully liable partner
(LP, general partnership)
EUR 104,936.15
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder EUR 104,936.15
Limited partner's capital / capital
of partially liable partner (LP)
EUR 6,000,000.00
Reserves
EUR 7,500,000.00
Provisions
EUR 18,198,600.00
Pension provisions and comparable
provisions
EUR 12,269,600.00
Provisions for taxes
EUR 136,000.00
Other / unspecified provisions
EUR 5,793,000.00
Liabilities
EUR 58,152,342.42
Financial debts
EUR 8,125,000.00
Liabilities due to banks
EUR 8,125,000.00
Other liabilities
EUR 50,027,342.42
Trade creditors (for IAS incl. bills
of exchange)
EUR 3,289,127.91
Liabilities due to shareholders
EUR 44,401,837.98
Liabililties due to related companiesEUR 847,615.60
Unspecified other liabilities EUR 1,488,760.93
thereof liabilities from tax /
financial authorities
EUR 453,280.07
thereof liabilities from social
security
EUR 137,319.81
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 79,772,239.72
Inventory change + own costs (+/-)
EUR 4,395,543.83
Inventory change (+/-) EUR 4,395,543.83
Other operating income
EUR 455,589.37
Cost of materials
EUR 25,966,420.72
Raw materials and supplies, purchased
goods
EUR 22,806,579.06
Purchased services
EUR 3,159,841.66
Gross result (+/-)
EUR 58,656,952.20
Staff expenses
EUR 37,082,078.38
Wages and salaries EUR 30,484,172.47
Social security contributions and
expenses for pension plans and
benefits
EUR 6,597,905.91
Total depreciation
EUR 2,804,124.69
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,804,124.69
Other operating expenses
EUR 15,940,672.38
Operating result from continuing
operations EUR 2,830,076.75
Interest result (+/-)
EUR -2,105,810.71
Interest and similar income
EUR 106,751.37
Interest and similar expenses
EUR 2,212,562.08
Other financial result
EUR 684,151.06
Income from securities and loans from
financial assets
EUR 684,151.06
Financial result (+/-)
EUR -1,421,659.65
Result
from ordinary operations (+/-) EUR 1,408,417.10
Extraordinary expenses
EUR 257,006.00
Extraordinary result (+/-)
EUR -257,006.00
Income tax / refund of income tax (+/-)EUR 194,287.00
Other taxes / refund of taxes
EUR -144,503.86
Tax
(+/-)
EUR 49,783.14
Annual surplus / annual deficit
EUR 1,201,194.24
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 86,019,845.64
Fixed assets
EUR 32,516,365.19
Intangible assets
EUR 505,297.00
Concessions, licences, rights
EUR 505,297.00
Tangible assets
EUR 23,203,036.98
Land / similar rights EUR 18,437,927.98
Plant / machinery
EUR 2,862,715.00
Other tangible assets / fixtures and
fittings
EUR 1,897,094.00
Advance payments made / construction
in progress
EUR 5,300.00
Financial assets
EUR 8,808,031.21
Shares in participations /
subsidiaries and the like
EUR 1,177,579.34
Shares
in related companies EUR 1,177,579.34
Other / unspecified financial assets EUR 7,630,451.87
Current assets
EUR 53,209,096.59
Stocks
EUR 21,880,685.47
Raw materials, consumables and
supplies
EUR 8,675,323.29
Finished goods / work in progress
EUR 22,227,603.74
Minus received advance payments for
orders / installments for stocks
EUR -9,022,241.56
Accounts receivable
EUR 11,079,238.49
Trade debtors
EUR 9,027,194.43
Amounts due from related companies
EUR 382,994.36
Other debtors and assets
EUR 1,669,049.70
Investments in current assets
EUR 293,550.00
Other investments
EUR 293,550.00
Liquid means
EUR 19,955,622.63
Remaining other assets
EUR 294,383.86
Accruals (assets)
EUR 294,383.86
LIABILITIES EUR 86,019,845.64
Shareholders' equity
EUR 12,926,386.96
Capital EUR 6,098,386.96
Capital of the fully liable partner
(LP, general partnership)
EUR 98,386.96
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder
EUR 98,386.96
Limited partner's capital / capital
of partially liable partner (LP)
EUR 6,000,000.00
Reserves
EUR 6,828,000.00
Provisions EUR 16,630,799.00
Pension provisions and comparable
provisions
EUR 11,870,799.00
Other / unspecified provisions
EUR 4,760,000.00
Liabilities
EUR 56,457,119.68
Financial debts
EUR 9,062,505.85
Liabilities due to banks
EUR 9,062,505.85
Other liabilities
EUR 47,394,613.83
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,790,784.23
Liabilities due to shareholders
EUR 42,868,147.82
Liabililties due to related companiesEUR 109,058.80
Unspecified other liabilities
EUR 1,626,622.98
thereof liabilities from tax /
financial authorities
EUR 369,869.33
thereof liabilities from social
security
EUR 158,291.49
Other liabilities EUR 5,540.00
Deferrals (liabilities)
EUR 5,540.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 66,771,572.66
Inventory
change + own costs (+/-) EUR -6,574,455.75
Inventory change (+/-)
EUR -6,746,496.45
Capitalised own costs
EUR 172,040.70
Other operating income
EUR 4,335,792.15
Cost of materials
EUR 16,922,734.31
Raw materials and supplies, purchased
goods
EUR 14,162,195.76
Purchased services
EUR 2,760,538.55
Gross
result (+/-) EUR 47,610,174.75
Staff expenses
EUR 35,900,478.01
Wages and salaries
EUR 28,512,330.55
Social security contributions and
expenses for pension plans and
benefits
EUR 7,388,147.46
Total depreciation
EUR 2,965,010.43
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,965,010.43
Other operating expenses
EUR 14,115,187.32
Operating result from continuing
operations
EUR -5,370,501.01
Result from participating interests
(+/-) EUR 1,096,119.14
Expenses / income from participations EUR 1,096,119.14
Income from related companies
EUR 1,096,119.14
Interest result (+/-)
EUR -1,892,174.72
Interest and similar income
EUR 127,229.63
Interest and similar expenses
EUR 2,019,404.35
Other financial result
EUR 546,935.93
Income from securities and loans from
financial assets
EUR 892,760.93
Depreciation on financial assets and
marketable securities
EUR 345,825.00
Financial result (+/-)
EUR -249,119.65
Result
from ordinary operations (+/-) EUR -5,619,620.66
Other taxes / refund of taxes
EUR -116,349.20
Tax
(+/-)
EUR -116,349.20
Annual surplus / annual deficit
EUR -5,735,969.86
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.89 |
|
|
1 |
Rs.100.39 |
|
Euro |
1 |
Rs.73.52 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.