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MIRA
INFORM REPORT
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Report No. : |
493956 |
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Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
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Name : |
IMES-ICORE GMBH |
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Registered Office : |
Im Leibolzgraben 16, D 36132 Eiterfeld |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
06.09.2002 |
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Com. Reg. No.: |
HRB 3479 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of instruments and appliances for measuring, testing and navigation · Wholesale of computers, computer peripheral equipment and software ·
Wholesale of other
machinery, equipment and supplies · Other software development activities |
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No. of Employees : |
118 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 a large
increase in 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. The German Government introduced a
minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5%
of gross electricity consumption in 2016, 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. Domestic consumption, bolstered by low energy prices and a weak
euro, and exports are likely to drive German GDP growth again in 2018.
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Source
: CIA |
Company name & address
IMES-ICORE GMBH
Company Status: active
Im Leibolzgraben 16
D 36132 Eiterfeld
Telephone:06672/898228
Telefax:
06672/898222
Homepage: www.i-mes.de
E-mail:
info@imes-icore.de
VAT no.: DE813553447
LEGAL FORM Private Limited Company
Date of foundation: 06.09.2002
Begin of business
activities: 06.09.2002
Shareholders'
agreement: 06.09.2002
Registered on: 09.10.2002
Commercial Register: Local court 36037 Fulda
under: HRB 3479
Share capital: EUR 600,000.00
Shareholder:
imes-icore Holding GmbH
Im Leibolzgraben 16
D 36132 Eiterfeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 600,000.00
Registered on: 16.10.2017
Reg. data: 36037 Fulda,
HRB 7159
Manager:
Christoph Stark
D 36041 Fulda
having sole power of
representation
born: 24.03.1966
Marital status: married
Proxy:
Raphael Kufel
D 36251 Bad Hersfeld
having sole power of
representation
born: 22.11.1975
Further functions/participations of Christoph
Stark (Manager)
Shareholder:
SCinvest GmbH
Ferdinand-Braun-Str. 22a
D 36039 Fulda
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 07.03.2008
Reg. data: 36037 Fulda, HRB 5425
Manager:
imes-icore Holding GmbH
Im Leibolzgraben 16
D 36132 Eiterfeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 16.10.2017
Reg. data: 36037 Fulda, HRB 7159
Manager:
SCinvest GmbH
Ferdinand-Braun-Str. 22a
D 36039 Fulda
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.03.2008
Reg. data: 36037 Fulda, HRB 5425
Manager:
Zirconia MEP GmbH
Im Leibolzgraben 16
D 36132 Eiterfeld
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 20.10.2017
Reg. data: 36037 Fulda, HRB 7168
COMPANY HISTORY
company name and legal form
09.10.2002 - 16.09.2009 i-MES GmbH
Im Leibolzgraben 16
D 36132 Eiterfeld
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
26512
Manufacture of instruments and appliances for measuring, testing and
navigation
46510
Wholesale of computers, computer peripheral equipment and software
4669
Wholesale of other machinery, equipment and supplies
62019
Other software development activities
PARTICIPATIONS
Shareholder:
innoBlanc GmbH
Gewerbepark 11
D 75331 Engelsbrand
Legal form: Private
limited company
Company Status: insolvent
since: 30.06.2015
Share capital: EUR 50,000.00
Share: EUR 5,000.00
Reg. data: 12.10.2012
Local court 68159 Mannheim
HRB 715527
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative
information at hand.
Balance sheet year: 2016
PMI: No significant / relevant
payment experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
REAL ESTATE
Type of ownership: Tenant
Address Im Leibolzgraben 16
D 36132 Eiterfeld
Land register documents were not available.
BANKERS
Principal bank
SPARKASSE FULDA, 36035 FULDA
Sort. code: 53050180
BIC: HELADEF1FDS
FINANCIAL FIGURES
Gross profit or loss:2016 EUR 14,849,607.00
Profit:
2016 EUR 5,015,349.00
Equipment: EUR 215,065.00
Ac/ts receivable: EUR 749,466.00
Liabilities: EUR 2,989,436.00
Total numbers of vehicles: 5
Employees:
118
- thereof permanent staff: 105
- Part-time employees: 13
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 70.55
Liquidity ratio: 10.00
Return on total capital [%]: 33.17
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 68.64
Liquidity ratio: 10.00
Return on total capital [%]: 33.65
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 62.89
Liquidity ratio: 10.00
Return on total capital [%]: 32.73
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 57.58
Liquidity ratio: 10.00
Return on total capital [%]: 33.23
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
Origin of the present
balance sheet:
electronic German Federal Gazette
Financial year:
01.01.2016 - 31.12.2016
ASSETS EUR 15,213,488.39
Fixed
assets EUR 345,751.00
Intangible
assets EUR 97,630.00
Goodwill EUR 88,687.00
Other /
unspecified intangible assetsEUR
8,943.00
Tangible
assets EUR 248,120.00
Plant /
machinery EUR 33,055.00
Other
tangible assets / fixtures and
fittings
EUR 215,065.00
Financial
assets EUR 1.00
Shares in
participations /
subsidiaries and the like
EUR 1.00
Shares in
investee companies EUR 1.00
Current
assets EUR 14,763,251.53
Stocks EUR 4,969,893.63
Accounts
receivable EUR 749,466.19
Amounts
due from related companies EUR 220.15
Other
debtors and assets EUR 749,246.04
Investments
in current assets EUR 296,540.00
Other
investments EUR 296,540.00
Liquid
means EUR 8,747,351.71
Remaining
other assets EUR 104,485.86
Accruals
(assets) EUR 101,439.86
Deferred
taxes (assets) EUR 3,046.00
LIABILITIES EUR 15,213,488.39
Shareholders' equity EUR 10,739,820.65
Capital
EUR 600,000.00
Subscribed
capital (share capital) EUR 600,000.00
Balance
sheet profit/loss (+/-) EUR 10,139,820.65
Profit /
loss brought forward EUR 5,124,471.69
Annual
surplus / annual deficit EUR 5,015,348.96
Provisions EUR 1,482,756.37
Liabilities EUR 2,989,435.77
Other
liabilities EUR 2,989,435.77
Liabililties due to related companiesEUR 113,943.89
Unspecified other liabilities
EUR 2,875,491.88
Other
liabilities EUR 1,475.60
Deferrals
(liabilities) EUR 1,475.60
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result
(+/-) EUR 14,849,606.55
Staff
expenses EUR 5,270,732.79
Wages and
salaries EUR 4,371,578.18
Social
security contributions and
expenses
for pension plans and
benefits
EUR 899,154.61
Total
depreciation EUR 127,432.48
Depreciation on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 127,432.48
Other
operating expenses EUR 2,418,404.44
Operating
result from continuing
operations EUR 7,033,036.84
Interest
result (+/-) EUR
-15,485.96
Interest
and similar income EUR 1,582.04
Interest
and similar expenses EUR 17,068.00
Other
financial result EUR -5,260.00
Depreciation on financial assets and
marketable
securities EUR 5,260.00
Financial
result (+/-) EUR -20,745.96
Result from
ordinary operations (+/-) EUR 7,012,290.88
Income tax /
refund of income tax (+/-)EUR -1,994,486.92
Other taxes
/ refund of taxes EUR -2,455.00
Tax
(+/-)
EUR -1,996,941.92
Annual
surplus / annual deficit EUR 5,015,348.96
Type of balance
sheet:
Company balance sheet
Origin of the present
balance sheet:
electronic German Federal Gazette
Financial year:
01.01.2015 - 31.12.2015
ASSETS EUR 13,049,192.13
Fixed
assets EUR 365,679.00
Intangible
assets EUR 121,043.00
Goodwill
EUR 111,826.00
Other /
unspecified intangible assetsEUR
9,217.00
Tangible
assets EUR 244,635.00
Plant /
machinery EUR 25,000.00
Other
tangible assets / fixtures and
fittings
EUR 219,635.00
Financial
assets EUR 1.00
Shares in
participations /
subsidiaries and the like
EUR 1.00
Shares in
investee companies EUR 1.00
Current
assets EUR 12,622,945.69
Stocks EUR 3,889,925.37
Accounts
receivable EUR 442,218.47
Other
debtors and assets EUR 442,218.47
Liquid
means EUR 8,290,801.85
Remaining other
assets EUR 60,567.44
Accruals
(assets) EUR 60,567.44
LIABILITIES EUR 13,049,192.13
Shareholders' equity EUR 8,974,471.69
Capital EUR 600,000.00
Subscribed
capital (share capital) EUR 600,000.00
Balance
sheet profit/loss (+/-) EUR 8,374,471.69
Profit /
loss brought forward EUR 4,021,145.55
Annual
surplus / annual deficit EUR 4,353,326.14
Provisions EUR 1,757,750.60
Liabilities EUR 2,316,969.84
Other
liabilities EUR 2,316,969.84
Liabililties due to related companiesEUR 46,857.33
Unspecified other liabilities
EUR 2,270,112.51
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result
(+/-) EUR 13,075,527.65
Staff
expenses EUR 4,401,613.53
Wages and
salaries EUR 3,632,195.78
Social
security contributions and
expenses
for pension plans and
benefits EUR 769,417.75
Total
depreciation EUR 135,102.86
Depreciation on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 135,102.86
Other
operating expenses EUR 2,464,798.60
Operating
result from continuing
operations EUR 6,074,012.66
Interest
result (+/-) EUR 4,141.43
Interest
and similar income EUR 4,141.43
Other
financial result EUR -5,061.40
Depreciation on financial assets and
marketable
securities EUR 5,061.40
Financial
result (+/-) EUR -919.97
Result from
ordinary operations (+/-) EUR 6,073,092.69
Income tax /
refund of income tax (+/-)EUR
-1,717,249.55
Other taxes
/ refund of taxes EUR -2,517.00
Tax
(+/-) EUR
-1,719,766.55
Annual
surplus / annual deficit EUR 4,353,326.14
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.66 |
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|
1 |
INR 90.65 |
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Euro |
1 |
INR 79.70 |
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EUR |
1 |
INR 79.98 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
VIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.