MIRA INFORM REPORT

 

 

Report Date :

15.02.2012

 

IDENTIFICATION DETAILS

 

Name :

LINDE ENGINEERING DRESDEN GMBH

 

 

Registered Office :

Bodenbacher Str. 80 D 01277 Dresden Post Box:21 03 53, D 01265 Dresden

 

 

Country :

Germany

 

 

Financials (as on) :

30.06.2008

 

 

Date of Incorporation :

25.04.1990

 

 

Com. Reg. No.:

HRB 1518

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of non-domestic cooling and ventilation equipment

 

 

No. of Employees :

491

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

> 250,000 EUR

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

Linde Engineering Dresden GmbH

 

Company Status:      active

Bodenbacher Str. 80

D 01277 Dresden

Post Box:

21 03 53, D 01265 Dresden

Telephone:0351/25030

Telefax:  0351/2503233

Homepage: www.linde-kca.de

E-mail:   lkca.dresden@linde-kca.com

 

 

VAT no.            

 

DE811145349

 

 

CONCLUSION

 

The company is considered solvent for credits within its scope of business.

 

 

Registration data

 

LEGAL FORM               Private limited company

Date of foundation:         25.04.1990

Shareholders'

agreement:                    25.04.1990

Registered on:                19.06.1990

Commercial Register:     Local court 01099 Dresden

under:                                       HRB 1518

 

 

Share capital                         

 

EUR         11,250,000.00

 

 

Shareholder

 

Commercium Immobilien- und Beteiligungs-GmbH

Klosterhofstr. 1

D 80331 München

Legal form: Private limited company

Share capital:     EUR            588,600.00

Share:             EUR         10,575,000.00

Registered on: 09.07.2007

Reg. data: 80797 München, HRB 168804

 

Shareholder:

Linde Aktiengesellschaft

Klosterhofstr. 1

D 80331 München

Legal form: Public limited company

Share capital:     EUR        437,917,186.56

Share:             EUR            675,000.00

Registered on: 12.09.2007

Reg. data: 80797 München, HRB 169850

 

Manager:

Jörg Linsenmaier

Talberg 6

D 82057 Icking

born: 16.02.1962

 

Proxy:

Werner Bairlein

D 82515 Wolfratshausen

authorized to jointly represent the company

born: 13.05.1955

 

Proxy:

Andreas Renner

D 80798 München

authorized to jointly represent the company

born: 23.09.1948

 

Proxy:

Uwe Welteroth

Regerstr. 24

D 01309 Dresden

authorized to jointly represent the company

born: 09.04.1963

 

Proxy:

Jens Wilde

D 01277 Dresden

authorized to jointly represent the company

born: 08.04.1970

 

 

COMPANY HISTORY

 

25.04.1990 - 20.02.2000  Linde-KCA-Dresden GmbH

                         Wilsdruffer Str. 27

                         D 01067 Dresden

                         Private limited company

21.02.2000 - 14.09.2011  Linde-KCA-Dresden GmbH

                         Bodenbacher Str. 80

                         D 01277 Dresden

                         Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

16.04.2007 - 22.06.2011  Manager

                         Michael Schäffer

                         D 82031 Grünwald

30.05.2006 - 13.05.2009  Manager

                         Klaus Libal

                         D 01067 Dresden

 

 

BUSINESS ACTIVITIES

 

Sectors

2825    Manufacture of non-domestic cooling and ventilation equipment

3320    Installation of machines and equipment n.e.c.

4399    Other specialized construction activities 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:  cash discount/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              Bodenbacher Str. 80

                     D 01277 Dresden

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

UNICREDIT BANK - HYPOVEREINSBANK, DRESDEN

Sort. code: 85020086, BIC: HYVEDEMM496

 

Further banks

COMMERZBANK, DRESDEN

Sort. code: 85040000, BIC: COBADEFF850

COMMERZBANK VORMALS DRESDNER BANK, DRESDEN

Sort. code: 85080000, BIC: DRESDEFF850

DEUTSCHE BANK, DRESDEN

Sort. code: 87070000, BIC: DEUTDE8CXXX

 

 

FINANCIAL FIGURES

 

Turnover:            2009/2010          EUR         37,539,000.00

Profit:              2009/2010          EUR         -4,124,000.00

Equipment:                              EUR          3,888,000.00

Ac/ts receivable:                       EUR        189,377,000.00

Liabillities:                           EUR        123,546,000.00

Employees:                                                    491

- Trainees:                                                     5

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2008 - 30.06.2008

Equity ratio [%]:               -329.47

Liquidity ratio:                   0.06

Return on total capital [%]:     -10.26

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 41.84

Liquidity ratio:                   0.41

Return on total capital [%]:       1.10

 

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 - 30.06.2008

 

ASSETS                                  EUR        222,316,000.00

 Fixed assets                           EUR         32,640,000.00

 Current assets                         EUR        189,676,000.00

  Stocks                                EUR                  0.00

   Finished goods / work in progress    EUR        462,943,000.00

   Minus received advance payments for

   orders / installments for stocks     EUR       -462,943,000.00

  Accounts receivable                   EUR        189,377,000.00

  Liquid means                          EUR            299,000.00

 

LIABILITIES                             EUR        222,316,000.00

 Shareholders' equity                   EUR         49,471,000.00

  Capital                               EUR         11,250,000.00

   Subscribed capital (share capital)   EUR         11,250,000.00

  Reserves                              EUR         24,212,000.00

   Retained earnings / revenue reserves EUR         24,212,000.00

  Balance sheet profit/loss (+/-)       EUR         14,009,000.00

   Balance sheet profit / loss          EUR         14,009,000.00

 Items between shareholders' equity and

 debt capital                           EUR            504,000.00

  Special items with reserve funds      EUR            504,000.00

 Provisions                             EUR         48,795,000.00

 Liabilities                            EUR        123,546,000.00

 

Profit and loss account (cost of sales method) according to Comm.

Code (HGB)

 Sales                                  EUR         37,539,000.00

 Manufacturing costs                    EUR         40,174,000.00

 Gross result on sales                  EUR         -2,635,000.00

 Research and development costs         EUR          1,258,000.00

 Other operating income                 EUR          3,101,000.00

 Other operating expenses               EUR          7,151,000.00

 Operating result from continuing

 operations                             EUR         -7,943,000.00

 Interest result (+/-)                  EUR          4,377,000.00

 Financial result (+/-)                 EUR          4,377,000.00

 Result from ordinary operations (+/-)  EUR         -3,566,000.00

 Income tax / refund of income tax (+/-)EUR           -558,000.00

 Tax (+/-)                              EUR           -558,000.00

 Annual surplus / annual deficit        EUR         -4,124,000.00

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2007 - 31.12.2007

 

ASSETS                                  EUR        245,367,000.00

 Fixed assets                           EUR         31,886,000.00

 Current assets                         EUR        213,481,000.00

  Stocks                                EUR                  0.00

   Other / unspecified stocks           EUR        427,627,000.00

   Minus received advance payments for

   orders / installments for stocks     EUR       -427,627,000.00

  Accounts receivable                   EUR         43,559,000.00

  Investments in current assets         EUR        169,585,000.00

  Liquid means                          EUR            337,000.00

 

LIABILITIES                             EUR        245,367,000.00

 Shareholders' equity                   EUR         56,095,000.00

  Capital                               EUR         11,250,000.00

   Subscribed capital (share capital)   EUR         11,250,000.00

  Reserves                              EUR         24,212,000.00

   Retained earnings / revenue reserves EUR         24,212,000.00

  Balance sheet profit/loss (+/-)       EUR         20,633,000.00

   Balance sheet profit / loss          EUR         20,633,000.00

 Items between shareholders' equity and

 debt capital                           EUR            527,000.00

  Special items with reserve funds      EUR            527,000.00

 Provisions                             EUR         42,584,000.00

 Liabilities                            EUR        146,161,000.00

 

Profit and loss account (cost of sales method) according to Comm.

Code (HGB)

 Sales                                  EUR         42,041,000.00

 Manufacturing costs                    EUR         52,336,000.00

 Gross result on sales                  EUR        -10,295,000.00

 Distribution costs                     EUR          4,863,000.00

 General administration expenses        EUR          4,974,000.00

 Research and development costs         EUR          2,013,000.00

 Other operating income                 EUR         22,446,000.00

 Other operating expenses               EUR          2,646,000.00

 Operating result from continuing

 operations                             EUR         -2,345,000.00

 Interest result (+/-)                  EUR          7,024,000.00

 Financial result (+/-)                 EUR          7,024,000.00

 Result from ordinary operations (+/-)  EUR          4,679,000.00

 Income tax / refund of income tax (+/-)EUR         -2,020,000.00

 Tax (+/-)                              EUR         -2,020,000.00

 Annual surplus / annual deficit        EUR          2,659,000.00

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.33

UK Pound

1

Rs.77.41

Euro

1

Rs.64.84

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.