MIRA INFORM
REPORT
|
Report Date : |
16.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
LACTOPROT DEUTSCHLAND GMBH |
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|
|
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Registered Office : |
Feldstr. 5, D
24568 Kaltenkirchen |
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Country : |
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|
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
23.01.1992 |
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|
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Com. Reg. No.: |
HRB 2987 BB |
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|
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Legal Form : |
Private Limited
Company |
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|
|
Line of Business : |
Manufacture of dairy products |
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 |
|
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 – 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 |
|
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
LACTOPROT Deutschland GmbH
Main address:
Feldstr. 5
D 24568
Kaltenkirchen
Telephone: 04191/99900
Telefax: 04191/88051
Homepage: www.lactoprot.net
E-mail: philipp-mangold@lactoprot.de
VAT no.
DE134878855
Tax ID number
11 293 01491
Synthesis
LEGAL FORM Private
limited company
Date of
foundation: 23.09.1991
Begin of business
activities: 23.09.1991
Shareholders'
agreement: 23.09.1991
Registered
on: 23.01.1992
Commercial Register:
Local court 24114
under: HRB
2987 BB
Share
capital: EUR 500.000,00
Shareholder
Prolactal GmbH
Hofgasse 3
A 4020
Legal form: Public
limited company
Share: EUR 470.000,00
Shareholder:
SBH-Vermögensverwaltung
GmbH
Schärdingerstr. 1
A 4066 Pasching
Legal form:
Private limited company
Share: EUR 30.000,00
Manager
Steffen Rode
Dorfstr. 23
D 24568 Winsen
authorized to
jointly represent the company
born: 18.08.1963
Profession: Fully
qualified merchant
Marital status:
married
Manager:
Enno Glöer
D 01900
Großröhrsdorf
born: 13.10.1965
Profession:
Businessman
Marital status:
unknown
Proxy
Jesko Schirrmann
D 24628 Hartenholm
authorized to
jointly represent the company
born: 09.05.1967
Further functions/participations of Steffen Rode (Manager)
Manager:
LaSoy GmbH
Meiereistr. 5-7
D 23816 Leezen
Legal form:
Private limited company
Share
capital: EUR 500.000,00
Registered
on: 21.10.2004
Reg. data: 24114
Further functions/participations
of Enno Glöer (Manager)
Limited partner:
Glöer Mobil
Service GmbH & Co. KG
Oeverwisch 5
D 25746
Norderwöhrden
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 25.000,00
contribution:
Share: EUR 25.000,00
Registered
on: 18.08.2005
Reg. data: 25421 Pinneberg, HRA 2174 ME
COMPANY HISTORY
23.01.1992 -
07.12.2004 DAIRYFOOD Kaseinatwerk
Kaltenkirchen
GmbH
Feldstr. 5
D 24568
Kaltenkirchen
Private limited
company
BUSINESS ACTIVITIES
Sectors
10510 Manufacture of dairy products (except ice
cream)
10890 Manufacture of other food products n.e.c.
46389 Wholesale of food n.e.c.
BRANCHES AND FACTORIES
Branch:
LACTOPROT
Deutschland GmbH
Meiereistr. 5-7
D 23816 Leezen
TEL.: 04552/90901
Branch:
LACTOPROT
Deutschland GmbH
Donaustaufer Str.
87
D 93059
TEL.: kein Eintrag
FINANCIAL INFORMATION
Payment
experience: within agreed terms
Negative
information: We have no negative
information at hand.
Maximum
credit: 250.000 EUR
Balance sheet
year: 2009
REAL ESTATE
Type of
ownership: proprietor
Share: 100,00 %
Address Feldstr.
5
D
24568 Kaltenkirchen
Type of real
estate: factory building
Land register
documents were not available.
BANKERS
Principal bank
UNICREDIT BANK -
HYPOVEREINSBANK, LÜNEBURG
Sort. code:
20030000, BIC: HYVEDEMM300
Further banks
SPARKASSE
SÜDHOLSTEIN, KALTENKIRCHEN, HOLST
Sort. code:
23051030, BIC: NOLADE21SHO
HSH NORDBANK
Sort. code:
20050000, BIC: HSHNDEHH200
DZ BANK,
Sort. code:
20060000, BIC: GENODEFF200
FINANCIAL FIGURES
Turnover: 2009 EUR 78.875.223,00
Profit: 2009 EUR 193.194,00
Total numbers of
vehicles:
38
- Lorries:
5
- Passenger
cars: 33
Employees:
119
- thereof permanent
staff:
99
- Trainees:
5
- Temporary
workers: 12
BALANCE SHEETS
Balance sheet
ratios 2009
Equity ratio
[%]: 20,02
Liquidity
ratio: 0,41
Return on total
capital [%]: 0,48
Balance sheet
ratios 2008
Equity ratio
[%]: 18,10
Liquidity
ratio: 0,48
Return on total
capital [%]: 2,75
Balance sheet
ratios 2007
Equity ratio
[%]: 15,54
Liquidity
ratio: 0,40
Return on total
capital [%]: 1,12
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 40.348.205,64
Fixed assets EUR 9.534.531,54
Intangible assets EUR 71.651,00
Concessions, licences, rights EUR 71.651,00
Tangible assets EUR 9.462.080,54
Land / similar rights EUR 2.634.466,20
Plant / machinery EUR 5.866.786,00
Other tangible assets / fixtures and
fittings EUR 325.049,00
Advance payments made / construction
in progress EUR 635.779,34
Financial assets EUR 800,00
Shares in participations /
subsidiaries and the like EUR 800,00
Shares in cooperatives EUR 800,00
Current assets EUR 30.635.684,06
Stocks EUR 17.810.112,78
Raw materials, consumables and
supplies EUR 7.284.857,08
Finished goods / work in progress EUR
10.525.255,70
Accounts receivable EUR 12.520.064,15
Trade debtors EUR 8.325.662,62
Amounts due from related companies EUR
2.560.119,43
Other debtors and assets EUR 1.634.282,10
Liquid means EUR 305.507,13
Remaining other assets EUR 177.990,04
Accruals (assets) EUR 132.046,04
Deferred taxes (assets) EUR 45.944,00
LIABILITIES EUR 40.348.205,64
Shareholders' equity EUR 8.107.066,43
Capital EUR 500.000,00
Subscribed capital (share capital) EUR 500.000,00
Reserves EUR 4.500.000,00
Capital reserves EUR 4.500.000,00
Balance sheet profit/loss (+/-) EUR 3.107.066,43
Profit / loss brought forward EUR 2.913.872,35
Annual surplus / annual deficit EUR 193.194,08
Items between shareholders' equity and
debt capital EUR 309.817,05
Allowances / bonuses EUR 309.817,05
Provisions EUR 1.008.060,17
Provisions for taxes EUR 67.179,00
Other / unspecified provisions EUR 940.881,17
Liabilities EUR 30.923.261,99
Financial debts EUR 17.298.838,33
Liabilities due to banks EUR 17.298.838,33
Other liabilities EUR 13.624.423,66
Trade creditors (for IAS incl. bills
of exchange) EUR 10.865.451,24
Liabililties due to related
companiesEUR 605.595,54
Unspecified other liabilities EUR 2.153.376,88
thereof liabilities from tax /
financial authorities EUR 47.506,17
Profit and loss
account (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 78.875.223,43
Inventory change + own costs (+/-) EUR
-4.283.763,41
Inventory change (+/-) EUR -4.283.763,41
Other operating income EUR 1.304.515,93
Cost of materials EUR 61.592.496,25
Raw materials and supplies, purchased
goods EUR 55.912.729,54
Purchased services EUR 5.679.766,71
Gross result (+/-) EUR 14.303.479,70
Staff expenses EUR 4.597.940,07
Wages and salaries EUR 3.891.181,66
Social security contributions and
expenses for pension plans and
benefits EUR 706.758,41
Total depreciation EUR 1.540.114,04
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1.540.114,04
Other operating expenses EUR 7.057.868,22
Operating result from continuing
operations EUR 1.107.557,37
Interest result (+/-) EUR
-787.297,25
Interest and similar income EUR 213.284,68
thereof from related companies EUR 121.439,58
Interest and similar expenses EUR 1.000.581,93
thereof paid to related companies EUR 42.700,00
Financial result (+/-) EUR -787.297,25
Result from ordinary operations (+/-) EUR
320.260,12
Income tax / refund of income tax
(+/-)EUR -111.449,47
Other taxes / refund of taxes EUR -15.616,57
Tax (+/-) EUR -127.066,04
Annual surplus / annual deficit EUR 193.194,08
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2008 - 31.12.2008
ASSETS EUR 43.533.938,90
Fixed assets EUR 8.812.701,28
Intangible assets EUR 83.389,00
Concessions, licences, rights EUR 83.389,00
Tangible assets EUR 8.728.512,28
Land / similar rights EUR 2.796.280,20
Plant / machinery EUR 5.431.146,00
Other tangible assets / fixtures and
fittings EUR 298.597,00
Advance payments made / construction
in progress EUR 202.489,08
Financial assets EUR 800,00
Shares
in participations /
subsidiaries and the like EUR 800,00
Shares in cooperatives EUR 800,00
Current assets EUR 34.550.543,62
Stocks EUR 18.571.949,11
Raw materials, consumables and
supplies EUR 3.762.930,00
Finished goods / work in progress EUR
14.809.019,11
Accounts receivable EUR 15.768.939,75
Trade debtors EUR 10.058.965,07
Amounts due from related companies EUR
4.670.307,63
Other debtors and assets EUR 1.039.667,05
Liquid means EUR 209.654,76
Remaining other assets EUR 170.694,00
Accruals (assets) EUR 124.100,00
Deferred taxes (assets) EUR 46.594,00
LIABILITIES EUR
43.533.938,90
Shareholders' equity EUR 7.913.872,35
Capital EUR 500.000,00
Subscribed capital (share capital) EUR 500.000,00
Reserves EUR 4.500.000,00
Capital reserves EUR 4.500.000,00
Balance sheet profit/loss (+/-) EUR 2.913.872,35
Profit / loss brought forward EUR 1.718.027,96
Annual surplus / annual deficit EUR 1.195.844,39
Items between shareholders' equity and
debt capital EUR 384.573,21
Allowances / bonuses EUR 384.573,21
Provisions EUR
2.040.644,00
Provisions for taxes EUR 234.234,00
Other / unspecified provisions EUR 1.806.410,00
Liabilities EUR 33.194.849,34
Financial debts EUR 25.994.570,67
Liabilities due to banks EUR 25.994.570,67
Other liabilities EUR 7.200.278,67
Trade creditors (for IAS incl. bills
of exchange) EUR 5.161.104,74
Liabililties due to related
companiesEUR 642.784,55
Unspecified other liabilities EUR 1.396.389,38
thereof liabilities from tax /
financial authorities EUR 70.449,42
Profit and loss
account (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 116.652.575,95
Inventory change + own costs (+/-) EUR 3.234.543,22
Inventory change (+/-) EUR 3.234.543,22
Other operating income EUR 1.432.637,83
Cost of materials EUR 100.693.778,69
Raw materials and supplies, purchased
goods EUR 94.313.831,63
Purchased services EUR 6.379.947,06
Gross result (+/-) EUR 20.625.978,31
Staff expenses EUR 4.712.363,87
Wages and salaries EUR 3.993.268,73
Social security contributions and
expenses for pension plans and
benefits EUR 719.095,14
Total depreciation EUR 1.535.680,91
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1.493.181,91
Depreciation on current assets (+/-) EUR 42.499,00
Other operating expenses EUR 10.878.911,05
Operating result from continuing
operations EUR 3.499.022,48
Interest result (+/-) EUR -1.770.049,94
Interest and similar income EUR 173.477,98
thereof from related companies EUR 85.758,95
Interest and similar expenses EUR 1.943.527,92
thereof paid to related companies EUR 63.733,92
Financial result (+/-) EUR -1.770.049,94
Result from ordinary operations (+/-) EUR
1.728.972,54
Income tax / refund of income tax
(+/-)EUR -517.624,82
Other taxes / refund of taxes EUR -15.503,33
Tax (+/-) EUR -533.128,15
Annual surplus / annual deficit EUR 1.195.844,39
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.15 |
|
|
1 |
Rs.72.59 |
|
Euro |
1 |
Rs.62.95 |
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.