|
Report Date : |
18.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
FETTE GMBH |
|
|
|
|
Registered Office : |
Grabauer Str. 24, D 21493
Schwarzenbek, Post
Box 11 80, Schwarzenbek |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
01.12.1971 |
|
|
|
|
Com. Reg. No.: |
HRB 48 SB |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacturer of machine tools for working metal operated by laser. |
|
|
|
|
No. of Employees : |
2 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
FETTE GMBH
Grabauer Str. 24
D 21493 Schwarzenbek
Post Box:
11 80, Schwarzenbek
Telephone:04151/12-0
Telefax: 04151/12-510
Homepage:
www.fette-compacting.com
E-mail: tablet@fette.com
Company Status: active
Business relations are permissible.
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
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
Dr. Michael Heinrich
D 88212 Ravensburg
authorized to jointly represent the company
born: 12.08.1951
Marital status: married
Dr. Roland Hartmann
D 74626 Bretzfeld
authorized to jointly represent the company
born: 05.01.1961
Profession: Businessman
Marital status: married
Dirk Deisner
D 22926 Ahrensburg
authorized to jointly represent the company
born: 18.02.1960
Profession: Businessman
Marital status: unknown
Manager:
LMT
Leading Metalworking Technologies
Verwaltungsgesellschaft mbH
Heidenheimer Str. 84
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:
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
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
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 Leading Metalworking Technologies
Verwaltungsgesellschaft mbH
Heidenheimer Str. 84
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
21.05.2001 -
08.07.2002 Wilhelm Fette GmbH
Grabauer Str. 24
D 21493
Schwarzenbek
Private limited company
21.04.2009 -
18.01.2011 Manager
Matthias Rommel
D 72144 Dußlingen
10.02.2009 -
18.01.2011 Manager
Olaf Johannes Müller
D 20095 Hamburg
15.06.2001 -
02.09.2009 Manager
Axel Friedmann
D 83373 Taching
Main industrial sector
6420 Activities of holding companies
70101 Management of holding companies
9609 Other service activities n. e. c.
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:
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
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
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
Shareholder:
Fette
Compacting GmbH
Grabauer Str. 24
D
21493 Schwarzenbek
Legal
form: Private limited company
Company
Status: active
Share
capital: EUR 50,000.00
Share: EUR 25,000.00
Reg.
data: 10.07.2009
Local court 23568 Lübeck
HRB 9293 HL
Payment experience: within agreed terms
Negative information:We
have no negative information at hand.
Balance sheet year: 2009
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.
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
Turnover: 2011 EUR 270,000.00
Equipment: EUR 6,673,189.00
Ac/ts receivable: EUR 76,320,052.00
Liabilities: EUR 59,496,020.00
Real
estate of the firm:
EUR 5,421,000.00
Employees:
2
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 grade: 3.4
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 grade: 2.1
Balance
sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 48.64
Liquidity ratio: 1.20
Return on total capital [%]: 9.35
Balance sheet grade: 1.9
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.55.70 |
|
UK Pound |
1 |
Rs.87.54 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
NLM |
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 |
|
-- |
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.