MIRA
INFORM REPORT
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Report Date : |
27.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
LINDENBERG-ANLAGEN GMBH |
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Registered Office : |
Hoffnungsthaler Strasse 41, Overath, 51491 |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
21.12.1961 |
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Com. Reg. No.: |
45514 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacturer and Supplier of Compact and Production
Aggregates. |
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 |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
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Off-credit |
D |
Company name and address
Lindenberg-Anlagen GmbH
Hoffnungsthaler Strasse 41, Overath, 51491,
Tel: +49 (0) 2204 481030
Fax: +49 (0) 2204 48103109
Web :www.lindenberg-anlagen.
Employees: 150
Company Type: Private Subsidiary
Corporate Family: 2 Companies
Ultimate Parent: ANTAR INVESTMENT LTD
Incorporation Date: 21-Dec-1961
Financials in: USD
(mil)
Fiscal Year End: 31-Dec-2009
Reporting Currency: Euro
Annual Sales: 63.2
Total Assets: 22.6
Business Description
Founded in 1948, Lindenberg-Anlagen GmbH is a manufacturer and supplier of compact and production aggregates. The company offers medium- and low-voltage switchgears and control and distribution boxes for industrial applications. It also supplies electrical and mechanical materials. The company offers marine, gas, on-board auxiliary, harbour, leased and stationary aggregates. It provides replacement parts for diesel and gas engines and electrical switchgears. The company offers pump installation, maintenance and repair services. It provides engineering, production, assembly and activation services. The company offers installation supervision and inspection solutions. It uses the latest technology and computer aided design systems to develop products. The company offers aggregates to the oil and gas industry.
Industry
Industry Electronic Instruments and Controls
ANZSIC 2006: 2439 - Other Electrical Equipment Manufacturing
NACE 2002: 3120 - Manufacture of electricity distribution and control apparatus NAICS 2002: 335313 - Switchgear and Switchboard Apparatus Manufacturing
UK SIC 2003: 3120 - Manufacture of electricity distribution and control apparatus
US SIC 1987: 3613 - Switchgear and Switchboard Apparatus
Key Executives
Name Title
Olaf Berghoff Managing director
Registered No.(DEU): 45514
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet
Item Exchange Rate: USD 1 = EUR 0.6969855
Location
Hoffnungsthaler Strasse 41, Overath, 51491,
Tel: +49 (0) 2204 481030
Fax: +49 (0) 2204 48103109
Sales EUR(mil) : 45.4
Assets EUR(mil): 15.8
Employees:
150
Fiscal Year End: 31-Dec-2009
Industry: Electronic
Instruments and Controls
Incorporation Date: 21-Dec-1961
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(DEU): 45514
Managing director: Olaf Berghoff
Contents
ANZSIC 2006 Codes:
3494 - Other Electrical and Electronic Goods Wholesaling
2429 - Other Electronic Equipment Manufacturing
245 - Pump, Compressor, Heating and Ventilation Equipment Manufacturing
2439 - Other Electrical Equipment Manufacturing
NACE 2002 Codes:
2912 - Manufacture of pumps and compressors
3120- Manufacture of
electricity distribution and control apparatus
3210 - Manufacture of electronic valves and tubes and other
electronic components
5143 - Wholesale of electrical household appliances and
radio and television goods
3110 - Manufacture of electric motors, generators and
transformers
NAICS 2002 Codes:
335312 - Motor
and Generator Manufacturing
33391 - Pump and
Compressor Manufacturing
335313 - Switchgear
and Switchboard Apparatus Manufacturing
33441 - Semiconductor
and Other Electronic Component Manufacturing
4236 - Electrical
and Electronic Goods Merchant Wholesalers
US SIC 1987:
356 - General
Industrial Machinery and Equipment
3613 - Switchgear
and Switchboard Apparatus
367 - Electronic
Components and Accessories
5064 - Electrical
Appliances, Television and Radio Sets
3621 - Motors
and Generators
3210 - Manufacture
of electronic valves and tubes and other electronic components
2912 - Manufacture
of pumps and compressors
3110 - Manufacture
of electric motors, generators and transformers
5143 - Wholesale
of electrical household appliances and radio and television goods
3120 - Manufacture
of electricity distribution and control apparatus
Founded in 1948, Lindenberg-Anlagen GmbH is a manufacturer and supplier of compact and production aggregates. The company offers medium- and low-voltage switchgears and control and distribution boxes for industrial applications. It also supplies electrical and mechanical materials. The company offers marine, gas, on-board auxiliary, harbour, leased and stationary aggregates. It provides replacement parts for diesel and gas engines and electrical switchgears. The company offers pump installation, maintenance and repair services. It provides engineering, production, assembly and activation services. The company offers installation supervision and inspection solutions. It uses the latest technology and computer aided design systems to develop products. The company offers aggregates to the oil and gas industry.
Financials in: EUR(mil)
Revenue: 45.4
Assets: 15.8
Current Assets: 13.7
Total Liabilities: 15.8
Issued Capital: 1.1
Net Worth: 6.2
Date of Financial Data: 31-Dec-2009
1 Year Growth
21.3%
NA
Company Percentage Owned Country
LIAG Agriculture Verwaltungs GmbH
Lindenberg Pflanzenöl Vertriebs GmbH & Co. KG
Lindenberg Service GmbH & Co. KG
Lindenberg Agriculture
Lindenberg Agriculture Kaiserslautern Block B GmbH & Co.
KG
Bank: Raiffeisenbank Overath-Roesrath, Kreissparkasse Koeln, Postbank
Corporate
Family
Company Name Company Type Location Country
ANTAR Parent
INVESTMENT LTD
Lindenberg-AnlagenGmbH
Subsidiary Overath,
Industry Sales(USD mil) Employees
Electronic Instruments and Controls 63.2 150
Executives
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Olaf Berghoff |
Managing director |
Managing Director |
Annual Profit & Loss
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|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
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Total income |
63.2 |
72.0 |
68.9 |
|
Raw materials and services |
36.9 |
54.3 |
50.4 |
|
Net sales |
63.2 |
72.0 |
68.9 |
|
Change in stock |
-5.3 |
5.1 |
1.5 |
|
Own work capitalised |
- |
- |
0.1 |
|
Other operating income |
0.1 |
0.5 |
0.2 |
|
Raw materials and consumables employed |
36.9 |
54.3 |
50.4 |
|
Other external charges |
1.0 |
1.3 |
0.8 |
|
Cost of goods sold |
37.9 |
55.6 |
51.3 |
|
Cost of raw materials |
37.9 |
55.6 |
51.3 |
|
Taxes and social security costs |
1.7 |
2.0 |
1.7 |
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Total payroll costs |
9.8 |
11.9 |
9.9 |
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Cost of stock depreciation and
amortisation |
1.0 |
- |
- |
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Fixed asset depreciation and amortisation |
1.1 |
0.6 |
0.6 |
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Other operating costs |
16.6 |
15.1 |
13.6 |
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Net operating
income |
0.5 |
2.0 |
2.1 |
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Interest received from loans |
0.0 |
0.0 |
0.1 |
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Other income |
0.0 |
0.0 |
0.0 |
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Interest payable on loans |
0.1 |
0.4 |
0.7 |
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Other expenses |
- |
0.0 |
0.0 |
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Total expenses |
0.1 |
0.4 |
0.6 |
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Profit before tax |
0.4 |
1.6 |
1.5 |
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Provisions |
2.1 |
2.7 |
2.3 |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.1 |
0.0 |
0.1 |
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Net profit |
0.3 |
1.5 |
1.4 |
Annual Balance Sheet
Financials in: USD
(mil)
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|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Issued capital |
1.6 |
1.6 |
1.7 |
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Capital reserves |
0.1 |
0.1 |
0.1 |
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Special reserves |
0.1 |
0.1 |
0.1 |
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Total reserves |
0.1 |
0.1 |
0.1 |
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Profits for the year |
7.1 |
6.5 |
5.3 |
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Profit brought forward from previous
year(s) |
6.7 |
5.1 |
3.9 |
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Total
stockholders equity |
8.9 |
8.3 |
7.2 |
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Deferred taxation |
0.3 |
0.2 |
0.1 |
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Other provisions |
1.9 |
2.4 |
2.3 |
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Provisions and allowances |
2.2 |
2.6 |
2.5 |
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Other debentures |
0.7 |
- |
- |
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Total long-term
liabilities |
0.7 |
- |
- |
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Trade creditors |
5.5 |
9.4 |
4.0 |
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Advances received |
4.6 |
7.5 |
5.7 |
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Other loans |
0.2 |
- |
0.7 |
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Loans repayable within 1 year |
- |
- |
7.0 |
|
Taxation and social security |
0.6 |
0.5 |
0.2 |
|
Due to group companies |
- |
0.0 |
0.1 |
|
Total current
liabilities |
10.8 |
17.5 |
17.5 |
|
Total
liabilities (including net worth) |
22.6 |
28.3 |
27.2 |
|
Patents |
0.0 |
0.0 |
0.1 |
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Intangibles |
0.0 |
0.0 |
0.1 |
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Land and buildings |
1.4 |
1.5 |
1.8 |
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Machinery and tools |
0.7 |
0.8 |
0.8 |
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Fixtures and equipment |
1.4 |
1.5 |
1.8 |
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Total tangible
fixed assets |
2.7 |
3.2 |
3.4 |
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Long-term investments |
0.1 |
0.1 |
0.1 |
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Other financial assets |
- |
0.0 |
0.0 |
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Shares held in associated companies |
0.0 |
0.0 |
0.0 |
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Total financial
assets |
0.1 |
0.1 |
0.1 |
|
Total
non-current assets |
2.8 |
3.3 |
3.6 |
|
Raw materials |
2.2 |
2.3 |
2.1 |
|
Work in progress |
6.4 |
8.4 |
9.2 |
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Finished goods |
1.4 |
5.2 |
- |
|
Prepayments |
0.4 |
0.3 |
0.4 |
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Net stocks and work in progress |
10.4 |
16.2 |
11.7 |
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Trade debtors |
2.7 |
2.2 |
7.1 |
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Other receivables |
0.5 |
0.6 |
1.1 |
|
Total
receivables |
3.9 |
3.2 |
9.3 |
|
Owing from associated companies |
0.7 |
0.4 |
1.0 |
|
Cash and liquid assets |
5.2 |
5.2 |
2.1 |
|
Short-term investments |
0.1 |
0.1 |
0.1 |
|
Other current assets |
0.1 |
0.1 |
0.1 |
|
Total current
assets |
19.6 |
24.7 |
23.1 |
|
Prepaid expenses and deferred costs |
0.1 |
0.3 |
0.4 |
|
Total assets |
22.6 |
28.3 |
27.2 |
Annual Ratios
Financials in: USD
(mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
18.10 |
14.15 |
13.21 |
|
Acid test ratio |
8.48 |
4.90 |
6.53 |
|
Total liabilities to net worth |
0.13% |
0.21% |
0.24% |
|
Net worth to total assets |
0.04% |
0.03% |
0.03% |
|
Current liabilities to net worth |
0.12% |
0.21% |
0.24% |
|
Current liabilities to stock |
0.10% |
0.11% |
0.15% |
|
Fixed assets to net worth |
0.03% |
0.04% |
0.05% |
|
Collection period |
150.00 |
117.00 |
354.00 |
|
Stock turnover rate |
1.60 |
2.36 |
1.59 |
|
Profit margin |
0.00% |
0.00% |
0.00% |
|
Return on assets |
0.00% |
0.01% |
0.01% |
|
Shareholders' return |
0.00% |
0.02% |
0.02% |
|
Sales per employee |
32.46 |
30.20 |
34.03 |
|
Profit per employee |
0.16 |
0.64 |
0.69 |
|
Average wage per employee |
5.02 |
4.99 |
4.91 |
|
Net worth |
8.9 |
8.3 |
7.2 |
|
Number of employees |
140 |
163 |
148 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.05 |
|
|
1 |
Rs.75.19 |
|
Euro |
1 |
Rs.66.47 |
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 |
|
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NB |
New Business |
---- |
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.