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MIRA
INFORM REPORT
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Report No. : |
494116 |
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Report Date : |
28.02.2018 |
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IDENTIFICATION DETAILS
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Name : |
IDS
IMAGING DEVELOPMENT SYSTEMS GMBH |
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Registered Office : |
Dimbacher Str. 6-8 D 74182
Obersulm |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
03.12.1996 |
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Com. Reg. No.: |
HRB 106225 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No. of Employees : |
147 |
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 and address
IDS Imaging Development
Systems GmbH
Dimbacher Str. 6-8
D 74182 Obersulm
Telephone:07134/96196-0
Telefax: 07134/96196-99
Homepage: www.ids-imaging.de
E-mail: info@ids-imaging.de
Company
Status
Active
VAT no.
DE183809577
CONCLUSION
Business relations are
permissible.
Company
summery
LEGAL FORM Private
limited company
Date of foundation: 1996
Shareholders'
agreement: 03.12.1996
Registered on: 08.01.1997
Commercial Register: Local court 70190 Stuttgart
under: HRB
106225
Share capital: EUR 25,564.59
Shareholder:
Hartmann Holding GmbH
Dimbacher Str. 8
D 74182 Obersulm
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,564.59
Registered on: 27.11.2006
Reg. data: 70190
Stuttgart, HRB 721532
Manager:
Jürgen Hartmann
Eichelensweg 24
D 74189 Weinsberg
having sole power of
representation
born: 07.08.1962
Profession: Fully
qualified engineer
Manager:
Daniel Seiler
Taunusblick 24
D 65510 Hünstetten
having sole power of
representation
born: 17.07.1978
Further functions/participations of Jürgen
Hartmann (Manager)
General partner:
Jürgen Hartmann, Armin Vogt
Dimbacher Str. 6
D 74182 Obersulm
Legal form: Partnership
under the Civil Code
Limited partner:
RIVA Heilbronn GmbH &
Co. KG
Bismarckstr. 107
D 74074 Heilbronn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR
900,000.00
contribution:
Share: EUR 45,000.00
Registered
on: 05.07.2013
Reg. data: 70190 Stuttgart, HRA 728783
Shareholder:
Hartmann Holding GmbH
Dimbacher Str. 8
D 74182 Obersulm
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 15,000.00
Registered
on: 27.11.2006
Reg. data: 70190 Stuttgart, HRB 721532
Manager:
Hartmann Holding GmbH
Dimbacher Str. 8
D 74182 Obersulm
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 27.11.2006
Reg. data: 70190 Stuttgart, HRB 721532
COMPANY
HISTORY
company name and legal form
01.11.2000 - 01.11.2000 IDS Imaging Development Systems GmbH
Dimbacher Str. 6
D 74182 Obersulm
Private limited
company
03.12.1996 - 31.10.2000 IDS Imaging Development Systems GmbH
Rudolf-Diesel-Str. 17
D 74182 Obersulm
Private limited company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
30.03.2011 - 03.03.2016 Manager
Torsten Wiesinger
D 74199
Untergruppenbach
BUSINESS
ACTIVITIES
Main industrial sector
46510
Wholesale of computers, computer peripheral equipment and software
Secondary industrial sector
62019
Other software development activities
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2015
REAL
ESTATE
Type of ownership: Tenant
Address Dimbacher
Str. 6-8
D 74182 Obersulm
Real Estate of: Jürgen
Hartmann
Type of ownership: unknown
Address Eichelensweg
24
D 74189 Weinsberg
Land register documents were not available.
BANKERS
Principal bank
VOLKSBANK SULMTAL, 74182 OBERSULM
Sort. code: 62061991
BIC: GENODES1VOS
Further bank
DEUTSCHE BANK, 74005 HEILBRONN
Sort. code: 62070081, Account no.: 31989700
BIC: DEUTDESS620, IBAN: DE84620700810031989700
FINANCIAL
FIGURES
Gross profit or
loss:2016 EUR 26,810,240.00
Equipment: EUR 1,487,335.00
Ac/ts receivable: EUR 4,136,855.00
Liabilities: EUR 2,690,536.00
Total numbers of
vehicles:
14
- Passenger cars: 14
Employees:
147
BALANCE SHEETS
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio [%]: 81.28
Liquidity ratio: 10.00
Return on total capital
[%]: 41.63
Balance sheet grade: 1.0
Balance sheet ratios
01.01.2014 - 31.12.2014
Equity ratio [%]: 76.07
Liquidity ratio: 10.00
Return on total capital
[%]: 49.04
Balance sheet grade: 1.0
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: 80.59
Liquidity ratio: 10.00
Return on total capital
[%]: 56.42
Balance sheet grade: 1.0
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 90.02
Liquidity ratio: 10.00
Return on total capital
[%]: 40.03
Balance sheet grade: 1.0
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: 01.01.2015 - 31.12.2015
ASSETS EUR 20,794,807.93
Fixed assets EUR 1,981,857.15
Intangible assets EUR 323,993.00
Tangible assets EUR 1,541,817.36
Land / similar
rights EUR 18,410.00
Other tangible assets /
fixtures and
fittings EUR 1,487,335.00
Advance payments made /
construction
in progress EUR 36,072.36
Financial assets EUR 116,046.79
Shares in participations
/
subsidiaries and the
like EUR 115,886.79
Shares in related
companies EUR 115,886.79
Other / unspecified
financial assets EUR
160.00
Current assets EUR 18,746,429.97
Stocks EUR 7,619,708.61
Accounts receivable EUR 4,136,855.20
Amounts due from related
companies EUR 696,338.95
Other debtors and
assets EUR 3,440,516.25
Liquid means EUR 6,989,866.16
Remaining other
assets EUR 66,520.81
Accruals (assets) EUR 66,520.81
LIABILITIES EUR 20,794,807.93
Shareholders' equity EUR 16,935,117.61
Capital EUR 25,564.59
Subscribed capital
(share capital) EUR 25,564.59
Balance sheet profit/loss
(+/-) EUR 16,909,553.02
Profit / loss brought
forward EUR 8,324,515.04
Annual surplus / annual
deficit EUR 8,585,037.98
Provisions EUR 1,169,154.47
Liabilities EUR 2,690,535.85
Other liabilities EUR 2,690,535.85
Liabililties due to
related companiesEUR
66,589.87
Unspecified other
liabilities EUR 2,623,945.98
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 26,557,598.46
Staff expenses EUR 10,887,395.54
Wages and salaries EUR 9,225,621.70
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,661,773.84
Total depreciation EUR 471,033.84
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 471,033.84
Other operating
expenses EUR 3,949,212.69
Operating result from
continuing
operations EUR 11,249,956.39
Result from participating
interests
(+/-) EUR 464,554.49
Expenses / income from
participations EUR 464,554.49
Income from related
companies EUR 464,554.49
Interest result (+/-) EUR -31,024.05
Interest and similar
income EUR 12,555.53
thereof from related
companies EUR 0.00
Interest and similar
expenses EUR 43,579.58
Financial result
(+/-) EUR 433,530.44
Result from ordinary
operations (+/-) EUR 11,683,486.83
Income tax / refund of
income tax (+/-)EUR -3,089,058.23
Other taxes / refund of
taxes EUR -9,390.62
Tax (+/-) EUR -3,098,448.85
Annual surplus / annual
deficit EUR 8,585,037.98
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 14,975,672.71
Fixed assets EUR 1,346,143.79
Intangible assets EUR 148,508.00
Tangible assets EUR
1,081,589.00
Land / similar
rights EUR 10,749.00
Other tangible assets /
fixtures and
fittings EUR 1,017,890.00
Advance payments made /
construction
in progress EUR 52,950.00
Financial assets EUR 116,046.79
Shares in participations
/
subsidiaries and the
like EUR 115,886.79
Shares in related
companies EUR 115,886.79
Other / unspecified
financial assets EUR
160.00
Current assets EUR 13,603,226.06
Stocks EUR 6,209,320.60
Accounts receivable EUR 3,490,471.68
Amounts due from related
companies EUR 687,566.46
Other debtors and
assets EUR 2,802,905.22
Liquid means EUR 3,903,433.78
Remaining other
assets EUR 26,302.86
Accruals (assets) EUR 26,302.86
LIABILITIES EUR 14,975,672.71
Shareholders' equity EUR 11,350,079.63
Capital EUR 25,564.59
Subscribed capital
(share capital) EUR 25,564.59
Balance sheet profit/loss
(+/-) EUR 11,324,515.04
Profit / loss brought
forward EUR 4,016,960.89
Annual surplus / annual
deficit EUR 7,307,554.15
Provisions EUR 1,392,753.47
Liabilities EUR 2,232,839.61
Other liabilities EUR 2,232,839.61
Liabililties due to
related companiesEUR
41,143.05
Unspecified other
liabilities EUR 2,191,696.56
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 23,090,004.91
Staff expenses EUR 9,254,039.48
Wages and salaries EUR 7,882,502.65
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,371,536.83
Total depreciation EUR 380,084.66
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 380,084.66
Other operating
expenses EUR 3,251,015.09
Operating result from
continuing
operations EUR 10,204,865.68
Interest result (+/-) EUR 10,560.46
Interest and similar
income EUR 35,088.26
thereof from related
companies EUR 20,970.00
Interest and similar
expenses EUR 24,527.80
Financial result
(+/-) EUR 10,560.46
Result from ordinary
operations (+/-) EUR 10,215,426.14
Income tax / refund of
income tax (+/-)EUR -2,898,455.62
Other taxes / refund of
taxes EUR -9,416.37
Tax (+/-) EUR
-2,907,871.99
Annual surplus / annual
deficit EUR 7,307,554.15
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.85 |
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1 |
INR 90.58 |
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Euro |
1 |
INR 79.97 |
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Euro |
1 |
INR 79.62 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIS |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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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 |
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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.