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MIRA INFORM REPORT
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Report No. : |
495559 |
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Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
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Name : |
I-H & S GMBH |
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Registered Office : |
Hans-Bredow-Str.
2, D 71522 Backnang |
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Country : |
Germany |
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Financials (as on) : |
30.06.2016 |
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Year of Establishment : |
1987 |
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Com. Reg. No.: |
HRB 270805 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
· Installation of machines and equipment · Agents involved in the sale of machines (except agricultural machineryand office machinery) and industrial supplies · Wholesale of other machinery, equipment and supplies |
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No. of Employees : |
45 |
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 : |
No Complaints |
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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 2016 Germany reached a budget surplus of 0.6%. 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 2017.
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Source
: CIA |
Comany
name & address
I-H
& S GMBH
Company Status: Active
Main address: Hans-Bredow-Str.
2
D 71522 Backnang
Telephone:07191/3414-0
Telefax:
07191/3414-14
Homepage: www.ihs-gmbh.de
E-mail: info@ihs-gmbh.de
Legal office: Mairichweg
50
D 71546 Aspach
VAT
no.: DE144748636
CONCLUSION
Business relations are permissible.
Company
Sumamry
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:
Kewin Schad
Arminstr. 4
D 70178 Stuttgart
born: 09.08.1978
Share: EUR 150,000.00
Manager:
Kewin Michael Schad
Mairichweg 27
D 71546 Aspach
having sole power of
representation
born: 09.08.1978
Proxy:
Thomas Heinz Wolpertinger
D 71634 Ludwigsburg
having sole power of
representation
born: 04.09.1960
COMPANY
HISTORY
Company name and legal form
28.06.2004 - 23.12.2015 I-H & S GmbH
Mairichweg 50
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
01.07.1987 - 30.08.2001 Industrielle Hard & Software Vertriebs
GmbH
Sommerrain 16
D 71546 Aspach
Private limited
company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
05.07.2012 - 24.01.2017 Manager
Lothar Schad
Mairichweg 27
D 71546 Aspach
BUSINESS
ACTIVITIES
Main industrial sector
33200
Installation of machines and equipment n.e.c.
Secondary industrial sector
46141
Agents involved in the sale of machines (except agricultural
machineryand office machinery) and industrial supplies n.e.c.
4669
Wholesale of other machinery, equipment and supplies
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information:We have no negative
information at hand.
Balance sheet year: 2015/2016
REAL
ESTATE
Type of ownership: Tenant
Address Hans-Bredow-Str.
2
D 71522 Backnang
Land register documents were not available.
BANKERS
KREISSPARKASSE WAIBLINGEN, 71546 ASPACH
Sort. code: 60250010
BIC: SOLADES1WBN
VOLKSBANK BACKNANG, 71546 ASPACH
Sort. code: 60291120
BIC: GENODES1VBK
FINANCIAL
FIGURES
Turnover: 2015/2016 EUR 14,900,000.00
2016/2017 EUR 15,645,000.00
Profit: 2014/2015 EUR 427,836.00
2015/2016 EUR 169,821.00
further business figures:
Equipment: EUR 314,763.00
Ac/ts receivable: EUR 1,438,987.00
Liabilities: EUR 7,092,443.00
Real
estate of the firm:
EUR 4,621,145.00
Employees:
45
-
thereof permanent staff:
45
BALANCE
SHEETS
Balance sheet ratios 01.07.2015 - 30.06.2016
Equity ratio [%]: 20.29
Liquidity ratio: 0.21
Return on total capital [%]: 1.78
Balance sheet ratios 01.07.2014 - 30.06.2015
Equity
ratio [%]: 19.10
Liquidity ratio: 0.30
Return on total capital [%]: 4.64
Balance sheet ratios 01.07.2013 - 30.06.2014
Equity ratio [%]: 30.09
Liquidity ratio: 0.90
Return on total capital [%]: 3.45
Balance sheet ratios 01.07.2012 - 30.06.2013
Equity ratio [%]: 35.96
Liquidity ratio: 0.23
Return on total capital [%]: 5.42
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: 01.07.2015 - 30.06.2016
ASSETS EUR 9,539,302.24
Fixed assets
EUR 5,249,254.56
Intangible assets
EUR 4,906.00
Other / unspecified intangible assetsEUR 4,906.00
Tangible assets
EUR 5,037,633.58
Land / similar rights
EUR 4,621,144.58
Plant / machinery
EUR 101,726.00
Other tangible assets / fixtures and
fittings
EUR 314,763.00
Financial assets
EUR 206,714.98
Shares in participations /
subsidiaries and the like
EUR 64,664.98
Shares in investee companies
EUR 64,664.98
Loans to participations /
subsidiaries and the like
EUR 142,000.00
Loans to investee companies
EUR 142,000.00
Other / unspecified financial assets EUR 50.00
Current assets
EUR 4,267,140.26
Stocks
EUR 2,612,481.00
Accounts receivable
EUR 1,438,986.84
Other debtors and assets
EUR 1,438,986.84
Liquid means
EUR 215,672.42
Remaining other assets
EUR 22,907.42
Accruals (assets)
EUR 22,907.42
LIABILITIES EUR 9,539,302.24
Shareholders' equity
EUR 1,802,048.66
Capital
EUR 150,000.00
Subscribed capital (share capital)
EUR 150,000.00
Balance sheet profit/loss (+/-)
EUR 1,652,048.66
Profit / loss brought forward
EUR 1,482,228.12
Annual surplus / annual deficit
EUR 169,820.54
Provisions EUR 644,811.00
Liabilities
EUR 7,092,442.58
Financial debts
EUR 5,428,720.51
Liabilities due to banks
EUR 5,428,720.51
Other
liabilities EUR 1,663,722.07
Unspecified other liabilities
EUR 1,663,722.07
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 4,979,665.23
Staff expenses
EUR 2,354,173.93
Wages and salaries
EUR 1,982,079.27
Social security contributions and
expenses for pension plans and
benefits EUR 372,094.66
Total depreciation
EUR 212,525.15
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 212,525.15
Other
operating expenses EUR 2,034,316.94
Operating result from continuing
operations
EUR 378,649.21
Interest result (+/-)
EUR -125,470.51
Interest and similar income
EUR 8,715.70
Interest and similar expenses
EUR 134,186.21
Financial result (+/-)
EUR -125,470.51
Result from ordinary operations (+/-)
EUR 253,178.70
Income tax / refund of income tax (+/-)EUR -80,660.16
Other taxes / refund of taxes
EUR -2,698.00
Tax
(+/-)
EUR -83,358.16
Annual surplus / annual deficit
EUR 169,820.54
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.07.2014 - 30.06.2015
ASSETS EUR 9,222,008.59
Fixed assets EUR 3,206,443.61
Intangible assets
EUR 10,516.00
Tangible assets
EUR 2,989,212.63
Financial assets
EUR 206,714.98
Other / unspecified financial assets EUR 206,714.98
Current assets
EUR 5,997,330.34
Stocks
EUR 3,316,041.00
Accounts receivable
EUR 1,520,228.19
Liquid means
EUR 1,161,061.15
Remaining other assets
EUR 18,234.64
Accruals (assets)
EUR 18,234.64
LIABILITIES EUR 9,222,008.59
Shareholders' equity
EUR 1,632,228.12
Capital
EUR 150,000.00
Subscribed capital (share capital)
EUR 150,000.00
Balance sheet profit/loss (+/-)
EUR 1,482,228.12
Profit / loss brought forward
EUR 1,054,392.26
Annual surplus / annual deficit
EUR 427,835.86
Provisions
EUR 1,178,485.00
Liabilities
EUR 6,411,295.47
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.10 |
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1 |
INR 90.47 |
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Euro |
1 |
INR 79.59 |
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EUR |
1 |
INR 79.57 |
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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VIV |
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Report Prepared
by : |
NIT |
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.