MIRA INFORM REPORT
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Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
LEIFELD METAL SPINNING AG |
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|
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Registered Office : |
Feldstr. 2-20,
D 59229 |
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Country : |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
08.08.2001 |
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Com. Reg. No.: |
HRB 7948 |
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Legal Form : |
Public
Limited Company |
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|
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Line of Business : |
Manufacture
of tools |
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 |
|
Maximum Credit Limit : |
250.000 EUR |
|
Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
CompaNY
NAME & Address
Leifeld Metal
Spinning AG
Main
address:
Feldstr. 2-20
D 59229 Ahlen
Telephone: 02382/966070
Telefax:
02382/96607212
Homepage: www.leifeldms.de n
E-mail:
A.Meschede@leifeldms.de
VAT
no.
DE813251771
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Public
limited company
Date of foundation: 2001
Begin of business
activities: 25.10.2010
Registered on: 08.08.2001
Commercial Register: Local court 48149 Münster
under: HRB
7948
Share capital: EUR 1.000.000,00
Member of the Board of Directors
Werner Hütter
Bachstr. 59
D 59227 Ahlen
born: 26.10.1951
Marital status: married
Member
of the Board of Directors:
Holger Hansen
Mauerkircherstr. 12
D 81679 München
having sole power of representation
born: 21.04.1975
Proxy:
Arno Meschede
D 33154 Salzkotten
authorized to jointly represent the
company
born: 13.04.1956
Profession: Businessman
Further functions/participations of Werner Hütter
(Member of the Board of Directors)
Limited
partner:
HVM - die Isolierprofis -GmbH & Co. KG
Bachstr. 59
D 59227 Ahlen
Legal form: Ltd partnership with priv.
ltd.
company as general partner
Total cap. EUR 2.500,00
contribution:
Share:
EUR 1.300,00
Registered
on:
22.01.2010
Reg. data:
48149 Münster, HRA 8778
Shareholder:
HVM - die Isolierprofis -Verwaltungs GmbH
Bachstr. 59
D 59227 Ahlen
Legal form: Private limited company
Share capital: EUR
25.000,00
Share: EUR 13.000,00
Registered
on:
13.01.2010
Reg. data:
48149 Münster, HRB 12432
Further functions/participations of Holger Hansen
(Member of the Board of Directors)
Shareholder:
HoHa Holding GmbH
Bavariaring 26a
D 80336 München
Legal form: Private limited company
Share capital: EUR 100.000,00
Share: EUR 100.000,00
Registered
on:
21.05.2008
Reg. data:
80797 München, HRB 173735
Manager:
Gruppe Georg Kofler GmbH
Lyonel-Feininger-Str. 28
D 80807 München
Legal form: Private limited company
Share capital: EUR 152.000,00
Registered
on:
16.11.2007
Reg. data:
80797 München, HRB 170762
Manager:
Leico Holding GmbH
Feldstr. 2-20
D 59229 Ahlen
Legal form: Private limited company
Share capital: EUR 511.291,88
Registered
on:
07.12.1970
Reg. data:
48149 Münster, HRB 8516
Manager:
About Change Ventures GmbH
Bavariaring 26
D 80336 München
Legal form: Private limited company
Share capital: EUR 25.000,00
Registered
on:
26.03.2007
Reg. data:
80797 München, HRB 167130
Manager:
HoHa Holding GmbH
Bavariaring 26a
D 80336 München
Legal form: Private limited company
Share capital: EUR 100.000,00
Registered
on:
21.05.2008
Reg. data:
80797 München, HRB 173735
Member
of the Board of Directors:
Kofler Industries AG
Bavariaring 26
D 80336 München
Legal form: Public limited company
dissolved
Share capital: EUR 100.000,00
Registered
on:
03.11.2008
Reg. data:
80797 München, HRB 175998
COMPANY
HISTORY
2006 - 26.11.2010 Leifeld Metal Spinning GmbH
Feldstr. 2-20
D 59229 Ahlen
Private limited
company
26.11.2010 - 17.12.2010 Leifeld Metal Spinning GmbH
Feldstr. 2-20
D 59229 Ahlen
Private limited
company
BUSINESS
ACTIVITIES
Main
industrial sector
2573
Manufacture of tools
Secondary
industrial sector
2829
Manufacture of other general-purpose
machinery n.e.c.
46141 Agents involved in the sale of machines
(except agricultural machineryand office machinery) and
industrial
supplies n.e.c.
FINANCIAL
INFORMATION
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Maximum credit: 250.000
EUR
Balance sheet year: 2008
REAL
ESTATE
Type of ownership: proprietor
Share: 100,00 %
Address Feldstr.
2-20
D 59229 Ahlen
Real Estate of:: Werner
Hütter
Type of ownership: proprietor
Share: 100,00 %
Address Bachstr.
59
D
59227 Ahlen
Land
register documents were not available.
BANKERS
STADTSPARKASSE DÜSSELDORF, DÜSSELDORF
Sort. code: 30050110, BIC: DUSSDEDDXXX
DEUTSCHE BANK, HAMM, WESTF
Sort. code: 41070049, BIC: DEUTDEDE410
FINANCIAL
FIGURES
Turnover: 2009 EUR
28.884.720,00
2010 EUR 28.885.000,00
Profit: 2009 EUR 3.384.675,00
further business figures:
Total numbers of vehicles: 5
-
Passenger cars:
5
Employees:
110
-
thereof permanent staff: 99
BALANCE
SHEETS
Balance sheet ratios 2008
Equity ratio [%]: 17,21
Liquidity ratio: 0,66
Return on total capital [%]: 11,66
Balance sheet ratios 2007
Equity ratio [%]: -14,34
Liquidity ratio: 0,36
Return on total capital [%]: 13,80
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: 01.01.2008 - 31.12.2008
ASSETS EUR 26.648.790,39
Fixed assets
EUR 4.010.693,09
Intangible assets
EUR 3.131.556,00
Goodwill
EUR 2.692.441,00
Other / unspecified intangible assetsEUR 439.115,00
Tangible assets
EUR 829.137,09
Land / similar rights
EUR 132.430,42
Plant / machinery EUR 364.945,00
Other tangible assets / fixtures and
fittings
EUR 263.952,00
Advance payments made / construction
in progress
EUR 67.809,67
Financial assets EUR 50.000,00
Shares in participations /
subsidiaries and the like
EUR 50.000,00
Shares in related companies
EUR 50.000,00
Current assets EUR 22.611.528,35
Stocks
EUR 10.477.380,54
Accounts receivable
EUR 8.167.278,71
Amounts due from related companies
EUR 46.518,22
Other debtors and assets
EUR 8.120.760,49
Liquid means
EUR 3.966.869,10
Remaining other assets
EUR 26.568,95
Accruals (assets)
EUR 26.568,95
LIABILITIES EUR 26.648.790,39
Shareholders' equity
EUR 50.000,00
Capital
EUR 50.000,00
Subscribed capital (share capital)
EUR 50.000,00
Provisions
EUR 3.275.307,54
Liabilities
EUR 23.323.482,85
Financial debts
EUR 39,97
Liabilities due to banks
EUR 39,97
Other liabilities
EUR 23.323.442,88
Liabililties due to related companiesEUR 8.667.768,67
Unspecified other liabilities
EUR 14.655.674,21
Profit
and loss account (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 17.269.558,96
Staff expenses
EUR 8.281.374,69
Wages and salaries
EUR 7.140.468,33
Social security contributions and
expenses for pension plans and
benefits
EUR 1.140.906,36
Total depreciation
EUR 560.914,89
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 560.914,89
Other operating expenses
EUR 5.482.303,72
Operating result from continuing
operations EUR 2.944.965,66
Interest result (+/-)
EUR -35.414,44
Interest and similar income
EUR 76.933,92
Interest and similar expenses
EUR 112.348,36
Financial result (+/-)
EUR -35.414,44
Result from ordinary operations (+/-)
EUR 2.909.551,22
Expenses for transfer of profits to a
parent company
EUR 2.923.872,06
Income tax / refund of income tax (+/-)EUR 40.266,50
Other taxes / refund of taxes
EUR -25.945,66
Tax
(+/-)
EUR 14.320,84
Annual surplus / annual deficit
EUR 0,00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2007 - 31.12.2007
ASSETS EUR 15.593.294,82
Fixed assets
EUR 4.064.630,41
Intangible assets
EUR 3.538.882,50
Goodwill
EUR 3.043.972,00
Other / unspecified intangible assetsEUR 494.910,50
Tangible assets
EUR 475.747,91
Land / similar rights EUR 119.311,42
Plant / machinery
EUR 161.620,00
Other tangible assets / fixtures and
fittings
EUR 194.816,49
Financial assets
EUR 50.000,00
Shares in participations /
subsidiaries and the like
EUR 50.000,00
Shares in related companies
EUR 50.000,00
Current assets
EUR 11.503.026,36
Stocks
EUR 6.211.011,40
Accounts receivable
EUR 3.718.487,62
Amounts due from related companies
EUR 79.056,06
Other debtors and assets
EUR 3.639.431,56
Liquid means
EUR 1.573.527,34
Remaining other assets
EUR 25.638,05
Accruals (assets)
EUR 25.638,05
LIABILITIES EUR
15.593.294,82
Shareholders' equity
EUR 50.000,00
Capital
EUR 50.000,00
Subscribed capital (share capital)
EUR 50.000,00
Balance
sheet profit/loss (+/-) EUR 0,00
Profit / loss brought forward
EUR -891.778,36
Annual surplus / annual deficit
EUR 891.778,36
Provisions
EUR 2.697.574,32
Liabilities
EUR 12.845.720,50
Financial debts
EUR 16,31
Liabilities due to banks
EUR 16,31
Other liabilities
EUR 12.845.704,19
Liabililties due to related companiesEUR 1.015.146,26
Unspecified other liabilities
EUR 11.830.557,93
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-) EUR 13.507.374,59
Staff expenses
EUR 6.890.070,60
Wages and salaries
EUR 5.870.662,11
Social security contributions and
expenses for pension plans and
benefits
EUR 1.019.408,49
Total depreciation
EUR 534.988,43
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 534.988,43
Other operating expenses
EUR 4.023.611,04
Operating result from continuing
operations
EUR 2.058.704,52
Interest result (+/-)
EUR -77.193,57
Interest and similar income EUR 2.939,22
Interest and similar expenses
EUR 80.132,79
Financial result (+/-)
EUR -77.193,57
Result from ordinary operations (+/-)
EUR 1.981.510,95
Expenses for transfer of profits to a
parent company
EUR 1.015.146,26
Income tax / refund of income tax (+/-)EUR -48.153,58
Other taxes / refund of taxes
EUR -26.432,75
Tax
(+/-)
EUR -74.586,33
Annual surplus / annual deficit EUR 891.778,36
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.48 |
|
|
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.42 |
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 |
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.