MIRA INFORM
REPORT
|
Report Date : |
20.08.2011 |
Supplement
We refer to your enquiry
of 23.08.2010. In the meantime there
have been changes in particular in the
following areas
subject to monitoring: - Balance sheets
Company name & address
Fette GmbH
Main
address:
Grabauer Str. 24
D 21493 Schwarzenbek
Post Box:
11 80, Schwarzenbek
Telephone: 04151/12-0
Telefax: 04151/12-510
Homepage: www.fette.de
E-mail: tablet@fette.com
CONCLUSION
We cannot give an opinion as to the granting of a credit in this
particular case. Business relations require suitable securities.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 01.02.1908
Shareholders'
agreement: 15.12.1971
Registered on: 30.12.1971
Commercial Register: Local
court 23568 Lübeck
under: HRB 48 SB
Share capital:
EUR 20,460,000.00
Shareholder
LMT Leading Metalworking Technologies GmbH &
Co. KG
Leitzstr. 2
D 73447 Oberkochen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 3,035,928.00
contribution:
Share: EUR 20,460,000.00
Registered on: 28.12.1993
Reg. data: 89073 Ulm, HRA 500870
Manager
Dr. Michael Heinrich
D 88212 Ravensburg
authorized to jointly represent the company
born: 12.08.1951
Marital status: married
Manager:
Dr. Roland Hartmann
D 74626 Bretzfeld
authorized to jointly represent the company
born: 05.01.1961
Profession: Businessman
Marital status: married
Proxy
Dirk Deisner
D 22926 Ahrensburg
authorized to jointly represent the company
born: 18.02.1960
Profession: Businessman
Marital status: unknown
Further functions/participations of
Dr. Michael Heinrich
(Manager)
Manager:
LMT Shared Services Verwaltung GmbH
Grabauer Str. 24
D 21493 Schwarzenbek
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 30.06.2009
Reg. data: 23568 Lübeck,
HRB 9263 HL
Manager:
LMT Tool Systems GmbH
Heidenheimer Str. 84
D 73447 Oberkochen
Legal form: Private limited company
Share capital: EUR 2,101,000.00
Registered
on: 25.02.2002
Reg. data: 89073 Ulm, HRB
501418
Manager:
LMT Leading Metalworking Technologies
Verwaltungsgesellschaft mbH
Leitzstr. 11
D 73447 Oberkochen
Legal form: Private limited company
Share capital: EUR 25,600.00
Registered
on: 26.10.1993
Reg. data: 89073 Ulm, HRB
500889
Member of the
Supervisory Board:
ZfW Zentrum für Wirtschaftsethik
gemeinnützige Gesellschaft mit beschränkter
Haftung
Kirchplatz 7
D 88250 Weingarten
Legal form: Private limited company
Share capital: EUR 26,000.00
Registered
on: 03.06.2003
Reg. data: 89073 Ulm, HRB
552519
Liquidator:
Leitz Holding Verwaltungsgesellschaft mbH
Leitzstr. 2
D 73447 Oberkochen
Legal form: Private limited company in
liquidation
Share capital: EUR 25,000.00
Registered
on: 03.02.2005
Reg. data: 89073 Ulm, HRB
501605
Further functions/participations of
Dr. Roland Hartmann (Manager)
Manager:
LMT Leading Metalworking Technologies
Verwaltungsgesellschaft mbH
Leitzstr. 11
D 73447 Oberkochen
Legal form: Private limited company
Share capital: EUR 25,600.00
Registered
on: 26.10.1993
Reg. data: 89073 Ulm, HRB
500889
Manager:
RW Beteiligungen GmbH
Reinhold-Würth-Str. 12-17
D 74653 Künzelsau
Legal form: Private limited company
dissolved
Share capital: EUR 1,200,000.00
Registered
on: 25.08.2004
Reg. data: 70190 Stuttgart,
HRB 590777
Manager:
LMT Shared Services Verwaltung GmbH
Grabauer Str. 24
D 21493 Schwarzenbek
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 30.06.2009
Reg. data: 23568 Lübeck,
HRB 9263 HL
COMPANY HISTORY
21.05.2001 -
08.07.2002 Wilhelm Fette GmbH
Grabauer Str. 24
D 21493 Schwarzenbek
Private limited company
RESIGNED ACTING PERSONS AND
SHAREHOLDERS
21.04.2009 -
18.01.2011 Manager
Matthias Rommel
D 72144
Dußlingen
10.02.2009 -
18.01.2011 Manager
Olaf Johannes Müller
D
33330 Gütersloh
15.06.2001 -
02.09.2009 Manager
Axel Friedmann
D
83373 Taching
23.12.1999 -
08.01.2009 Manager
Dr. Georg Speith
D
73098 Rechberghausen
BUSINESS ACTIVITIES
Sectors
9609 Other service
activities n. e. c.
BRANCHES AND FACTORIES
Branch:
Fette GmbH
Meiereistr. 12
D
21493 Schwarzenbek
PARTICIPATIONS
Limited partner:
LMT
Shared Services GmbH & Co. KG
Grabauer Str. 24
D 21493
Schwarzenbek
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total
cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Reg.
data: 15.07.2009
Local court 23568 Lübeck
HRA 6010 HL
Limited partner:
Fette
Compacting GmbH & Co. KG
Grabauer Str. 24
D
21493 Schwarzenbek
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Company Status: dissolved since:
07.05.2010
Total
cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Reg.
data: 15.02.2010
Local court 23568 Lübeck
HRA 6226 HL
Limited partner:
LMT
Fette Werkzeugtechnik GmbH & Co. KG
Grabauer
Str. 24
D
21493 Schwarzenbek
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total
cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Reg.
data: 18.02.2010
Local court 23568 Lübeck
HRA 6234 HL
Shareholder:
Fette
Absolut GmbH
Grabauer Str. 24
D
21493 Schwarzenbek
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 525,000.00
Share: EUR 525,000.00
Reg.
data: 08.07.2008
Local court 23568 Lübeck
HRB 8366 HL
Shareholder:
Fette
Präzisionswerkzeuge GmbH
Freirodaer Str. 7
D
04435 Schkeuditz
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 511,291.88
Share: EUR 511,291.88
Reg.
data: 06.11.1990
Local court 04275 Leipzig
HRB 1319
Shareholder:
LMT
Shared Services Verwaltung GmbH
Grabauer Str. 24
D
21493 Schwarzenbek
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 30.06.2009
Local court
23568 Lübeck
HRB 9263 HL
Shareholder:
LMT
Fette Werkzeugtechnik Verwaltung GmbH
Grabauer Str. 24
D
21493 Schwarzenbek
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 30.06.2009
Local court 23568 Lübeck
HRB 9239 HL
FINANCIAL INFORMATION
Payment experience: could
not be obtained
Negative information: We
have no negative information at hand.
Balance sheet year: 2009
REAL ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Grabauer Str. 24
D
21493 Schwarzenbek
Value at selling
price: EUR 5,421,000.00
Land register documents
were not available.
BANKERS
Principal bank
DEUTSCHE BANK, LÜBECK
Sort. code: 23070710, BIC: DEUTDEHH222
Further banks
COMMERZBANK VORMALS DRESDNER BANK, FRANKFURT AM MAIN
Sort. code: 50080000, BIC: DRESDEFFXXX
COMMERZBANK, HAMBURG
Sort. code: 20040000, Account no.: 8411100, BIC: COBADEHHXXX
HSH NORDBANK HAMBURG, KIEL, KIEL
Sort. code: 21050000, BIC: HSHNDEHHXXX
FINANCIAL FIGURES
Turnover: 2009 EUR
131,129,102.00
Profit: 2009 EUR -17,908,009.00
Equipment: EUR 6,673,189.00
Ac/ts receivable: EUR 76,320,052.00
Liabillities: EUR 59,496,020.00
Real
estate of the firm:
EUR 5,421,000.00
Employees:
3
BALANCE SHEETS
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 33.08
Liquidity ratio: 0.86
Return on total capital [%]: -4.99
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 46.60
Liquidity ratio: 1.05
Return
on total capital [%]: 6.37
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 48.64
Liquidity ratio: 1.20
Return on total capital [%]: 9.35
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: 01.01.2009 - 31.12.2009
ASSETS EUR 155,071,909.12
Fixed assets
EUR 37,343,166.32
Intangible assets
EUR 1,901,000.35
Concessions, licences, rights
EUR 1,719,043.00
Advance payments for intang. assets
EUR 181,957.35
Tangible assets
EUR 19,222,943.33
Land / similar rights
EUR 6,475,987.48
Plant / machinery
EUR 4,864,729.00
Other
tangible assets / fixtures and
fittings
EUR 6,673,189.00
Advance payments made / construction
in progress
EUR 1,209,037.85
Financial assets
EUR 16,219,222.64
Shares in participations /
subsidiaries and the like
EUR 12,627,116.64
Shares in related companies
EUR 12,577,316.64
Shares in cooperatives
EUR 49,800.00
Loans to participations /
subsidiaries and the like
EUR 3,591,954.00
Loans to related companies
EUR 3,591,954.00
Other loans
EUR 152.00
Current assets EUR 117,585,757.41
Stocks
EUR 40,792,753.11
Raw materials, consumables and
supplies
EUR 12,545,393.91
Finished goods / work in progress
EUR 29,912,242.93
Advance payments made
EUR 501,254.36
Minus received advance payments for
orders / installments for stocks
EUR -2,166,138.09
Accounts receivable
EUR 76,320,052.28
Trade debtors
EUR 16,019,548.07
Amounts due from related companies
EUR 56,005,091.94
Other debtors and assets
EUR 4,295,412.27
Liquid means
EUR 472,952.02
Remaining other assets
EUR 142,985.39
Accruals (assets)
EUR 142,985.39
LIABILITIES EUR 155,071,909.12
Shareholders' equity EUR
69,060,282.60
Capital
EUR 20,460,000.00
Subscribed capital (share capital)
EUR 20,460,000.00
Reserves
EUR 1,279,039.98
Capital reserves EUR 810.28
Retained earnings / revenue reserves EUR 1,278,229.70
Balance sheet profit/loss (+/-)
EUR 47,321,242.62
Balance sheet profit / loss
EUR 47,321,242.62
Provisions
EUR 26,515,606.00
Pension provisions and comparable
provisions
EUR 5,406,162.00
Provisions for taxes
EUR 48,131.00
Other / unspecified provisions
EUR 21,061,313.00
Liabilities
EUR 59,496,020.52
Financial debts
EUR 48,452,462.83
Liabilities due to banks
EUR 48,452,462.83
Other liabilities
EUR 11,043,557.69
Trade creditors (for IAS incl. bills
of exchange)
EUR 5,615,321.95
Liabililties due to related companiesEUR 4,160,981.52
Unspecified other liabilities
EUR 1,267,254.22
thereof liabilities from tax /
financial authorities
EUR 652,596.25
thereof liabilities from social
security
EUR 83,075.20
Guarantees and other commitments
EUR 1,507,000.00
Guarantees / warranties
EUR 1,507,000.00
Warranties
EUR 1,507,000.00
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 131,129,102.81
Inventory change + own costs (+/-)
EUR -11,564,856.75
Inventory change (+/-)
EUR -11,629,655.85
Capitalised own costs
EUR 64,799.10
Other operating income
EUR 5,096,148.60
Cost of materials
EUR 44,294,541.66
Raw materials and supplies, purchased
goods
EUR 41,005,619.93
Purchased services
EUR 3,288,921.73
Gross result (+/-)
EUR 80,365,853.00
Staff expenses
EUR 54,350,813.09
Wages and salaries
EUR 44,607,678.06
Social security contributions and
expenses for pension plans and
benefits
EUR 9,743,135.03
Total depreciation
EUR 5,486,716.34
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 5,486,716.34
Other operating expenses
EUR 25,614,968.97
Operating result from continuing
operations
EUR -5,086,645.40
Interest result (+/-)
EUR -320,089.90
Interest and similar income
EUR 1,388,806.43
thereof from related companies
EUR 1,325,603.00
Interest and similar expenses
EUR 1,708,896.33
thereof paid to related companies
EUR 51,768.61
Other financial result
EUR -645,156.35
Income from securities and loans from
financial assets
EUR 135,008.82
thereof related companies
EUR 133,016.82
Depreciation on financial assets and
marketable securities
EUR 780,165.17
Financial result (+/-)
EUR -965,246.25
Result from ordinary operations (+/-)
EUR -6,051,891.65
Extraordinary expenses
EUR 11,500,000.00
Extraordinary result (+/-)
EUR -11,500,000.00
Income tax / refund of income tax (+/-)EUR -258,619.18
Other taxes / refund of taxes
EUR -97,498.80
Tax
(+/-)
EUR -356,117.98
Annual surplus / annual deficit
EUR -17,908,009.63
Type
of balance
sheet:
Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 188,130,000.00
Fixed assets
EUR 38,180,000.00
Intangible assets
EUR 2,708,000.00
Tangible assets
EUR 20,509,000.00
Financial assets
EUR 14,963,000.00
Current assets
EUR 149,878,000.00
Stocks EUR 56,385,000.00
Other / unspecified stocks
EUR 59,963,000.00
Minus received advance payments for
orders / installments for stocks
EUR -3,578,000.00
Accounts receivable
EUR 93,481,000.00
Liquid means
EUR 12,000.00
Remaining other assets
EUR 72,000.00
Accruals (assets)
EUR 72,000.00
LIABILITIES EUR 188,130,000.00
Shareholders' equity
EUR 98,968,000.00
Capital
EUR 20,460,000.00
Subscribed capital (share capital)
EUR 20,460,000.00
Reserves EUR 1,279,000.00
Capital reserves
EUR 1,000.00
Retained earnings / revenue reserves EUR 1,278,000.00
Balance sheet profit/loss (+/-)
EUR 77,229,000.00
Balance sheet profit / loss
EUR 77,229,000.00
Provisions
EUR 19,307,000.00
Liabilities
EUR 69,855,000.00
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 194,534,000.00
Inventory change + own costs (+/-)
EUR -2,626,000.00
Other operating income
EUR 6,511,000.00
Cost of materials
EUR 76,236,000.00
Gross result (+/-)
EUR 122,183,000.00
Staff expenses
EUR 65,690,000.00
Total depreciation
EUR 5,973,000.00
Other operating expenses EUR 34,365,000.00
Operating result from continuing
operations
EUR 16,155,000.00
Interest result (+/-)
EUR -1,775,000.00
Financial result (+/-)
EUR -1,775,000.00
Result from ordinary operations (+/-)
EUR 14,380,000.00
Tax
(+/-)
EUR -3,738,000.00
Annual surplus / annual deficit
EUR 10,642,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.61 |
|
|
1 |
Rs.75.32 |
|
Euro |
1 |
Rs.65.68 |
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.