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Report Date : |
16.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
F. LINSTER & CO. GMBH |
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Registered Office : |
Zeppelinstr. 16-18 D 84544 Aschau |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1952 |
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Com. Reg. No.: |
HRB 4235 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of iron ores, iron, steel and iron and steel semi-finished goods |
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No. of Employees : |
50 |
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 |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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, 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 |
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Restricted |
C2 |
|
Off-credit |
D |
F. Linster &
Co. GmbH
Company Status: active
Zeppelinstr. 16-18
D 84544 Aschau
Telephone:08638/9560
Telefax: 08638/2131
Homepage: www.linster.de
E-mail: n.herden@linster.de
DE811239091
141/167/50806
LEGAL FORM Private
limited company
Date of
foundation: 1952
Shareholders'
agreement: 09.01.1985
Registered
on: 16.04.1985
Commercial
Register: Local court 83278 Traunstein
under: HRB
4235
EUR 613,550.25
Thomas Linster
Lärchenstr. 23
D 84544 Aschau
born: 14.03.1956
Share: EUR 204,516.75
Shareholder:
Alexander Linster
Lärchenstr. 1
D 84544 Aschau
born: 29.09.1960
Share: EUR 204,516.75
Shareholder:
Gabriele Petri
D 84544 Aschau
born: 21.03.1952
Share: EUR 204,516.75
Manager:
Thomas Linster
Lärchenstr. 23
D 84544 Aschau
having sole power of representation
born: 14.03.1956
Profession: Businessman
Marital status: married
Manager:
Alexander Linster
Lärchenstr. 1
D 84544 Aschau
having sole power of representation
born: 29.09.1960
Profession: Businessman
Marital status: married
Proxy:
Franz Pfeiffer
D 84478 Waldkraiburg
born: 25.06.1965
Proxy:
Norbert Herden
D 84478 Waldkraiburg
born: 12.12.1963
FURTHER
FUNCTIONS/PARTICIPATIONS OF THOMAS LINSTER
(Manager)
Shareholder:
SL Piping GmbH
Im Hock 10-12
D 40721 Hilden
Legal form: Private limited company
Share capital: EUR 100,000.00
Share: EUR 26,250.00
Registered
on: 19.03.2004
Reg. data: 40213 Düsseldorf, HRB
50401
Shareholder:
LST Linster Stainless Trading GmbH
Im Hock 10-12
D 40721 Hilden
Legal form: Private limited company
Share capital: EUR 75,000.00
Share: EUR 25,000.00
Registered
on: 19.10.2000
Reg. data: 40213 Düsseldorf, HRB
39675
Manager:
BOWA GmbH Apparate- und Behälterbau
Liebigstr. 2
D 84544 Aschau
Legal form: Private limited company
Share capital: EUR 255,645.94
Registered
on: 15.03.1948
Reg. data: 83278 Traunstein, HRB
79
Further
functions/participations of Alexander Linster
(Manager)
Shareholder:
SL Piping GmbH
Im Hock 10-12
D 40721 Hilden
Legal form: Private limited company
Share capital: EUR 100,000.00
Share: EUR 26,250.00
Registered
on: 19.03.2004
Reg. data: 40213 Düsseldorf, HRB
50401
Shareholder:
LST Linster Stainless Trading GmbH
Im Hock 10-12
D 40721 Hilden
Legal form: Private limited company
Share capital: EUR 75,000.00
Share: EUR 25,000.00
Registered
on: 19.10.2000
Reg. data: 40213 Düsseldorf, HRB
39675
Manager:
BOWA GmbH Apparate- und Behälterbau
Liebigstr. 2
D 84544 Aschau
Legal form: Private limited company
Share capital: EUR 255,645.94
Registered
on: 15.03.1948
Reg. data: 83278 Traunstein, HRB
79
Sectors
46721 Wholesale of iron ores, iron, steel and iron
and steel
semi-finished
goods
Shareholder:
BOWA GmbH Apparate- und Behälterbau
Liebigstr. 2
D 84544 Aschau
Legal form: Private limited company
Company Status: active
Share capital: EUR 255,645.94
Share: EUR 240,307.18
Reg. data: 15.03.1948
Local court 83278 Traunstein
HRB 79
Payment
experience: within agreed terms
Negative
information:We have no negative information at hand.
Maximum
credit: 250,000 EUR
Balance sheet
year: 2010
Type of
ownership: Tenant
Address Zeppelinstr. 16-18
D 84544 Aschau
Land register
documents were not available.
Principal bank
COMMERZBANK,
WALDKRAIBURG
Sort. code:
71142041, BIC: COBADEFF712
Further banks
SPARKASSE
ALTÖTTING-MÜHLDORF, ASCHAU A. INN
Sort. code:
71151020, BIC: BYLADEM1MDF
VR MEINE
RAIFFEISENBANK, ALTÖTTING
Sort. code:
71061009, BIC: GENODEF1AOE
Turnover: 2010 EUR 27,720,000.00
2011 EUR 33,000,000.00
Profit: 2010 EUR 1,203,000.00
further business
figures:
Equipment: EUR 222,000.00
Ac/ts
receivable: EUR 1,907,000.00
Liabilities: EUR 2,140,000.00
Employees:
50
- thereof permanent
staff:
50
Balance sheet
ratios 01.01.2010 - 31.12.2010
Equity ratio
[%]: 83.53
Liquidity
ratio: 3.62
Return on total
capital [%]: 8.82
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: 01.01.2010 - 31.12.2010
ASSETS EUR 16,126,920.21
Fixed assets EUR 3,564,372.03
Intangible assets EUR 17,867.00
Concessions, licences, rights EUR 17,867.00
Tangible assets EUR 534,988.08
Land / similar rights EUR 312,353.20
Plant / machinery EUR 266.00
Other tangible assets / fixtures and
fittings EUR 222,368.88
Financial assets EUR 3,011,516.95
Shares in participations /
subsidiaries and the like EUR 1,411,516.95
Shares in related companies EUR 1,411,516.95
Other loans EUR 1,600,000.00
Current assets EUR 12,502,227.18
Stocks EUR 9,785,000.00
Finished goods / work in progress EUR
9,785,000.00
Accounts receivable EUR 1,906,389.78
Trade debtors EUR 1,516,019.39
Amounts due from related companies EUR 103,655.91
Other debtors and assets EUR 286,714.48
Liquid means EUR 810,837.40
Remaining other assets EUR 60,321.00
Accruals (assets) EUR 60,321.00
LIABILITIES EUR 16,126,920.21
Shareholders' equity EUR
12,668,808.16
Capital EUR 613,550.26
Subscribed capital (share capital) EUR 613,550.26
Reserves EUR 3,508,409.78
Capital reserves EUR 3,507,588.59
Retained earnings / revenue reserves
EUR 821.19
Balance sheet profit/loss (+/-) EUR 8,546,848.12
Profit / loss brought forward EUR 7,344,215.24
Annual surplus / annual deficit EUR 1,202,632.88
Provisions EUR 1,317,351.78
Pension provisions and comparable
provisions EUR 377,784.00
Provisions for taxes EUR 328,788.52
Other / unspecified provisions EUR 610,779.26
Liabilities EUR 2,140,760.27
Other liabilities EUR 2,140,760.27
Trade creditors (for IAS incl. bills
of exchange) EUR 958,909.84
Liabilities from received advance
payments EUR 300,000.00
Liabilities due to shareholders EUR 802,809.37
Liabililties due to related
companiesEUR 11,057.48
Unspecified other liabilities EUR 67,983.58
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 27,719,633.28
Other operating income EUR 389,916.74
Cost of materials EUR 20,818,063.06
Raw materials and supplies, purchased
goods EUR 20,675,343.09
Purchased services EUR 142,719.97
Gross result (+/-) EUR 7,291,486.96
Staff expenses EUR 3,012,504.12
Wages and salaries EUR 2,594,102.23
Social security contributions and
expenses for pension plans and
benefits EUR 418,401.89
Total depreciation EUR 107,500.58
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 107,500.58
Other operating expenses EUR 2,416,592.83
Operating result from continuing
operations EUR 1,754,889.43
Interest result (+/-) EUR 5,217.57
Interest and similar income EUR 61,669.38
Interest and similar expenses EUR 56,451.81
Financial result (+/-) EUR 5,217.57
Result from ordinary operations (+/-) EUR
1,760,107.00
Extraordinary expenses EUR 219,175.00
Extraordinary result (+/-) EUR -219,175.00
Income tax / refund of income tax
(+/-)EUR -332,561.53
Other taxes / refund of taxes EUR -5,737.59
Tax (+/-) EUR -338,299.12
Annual surplus / annual deficit EUR 1,202,632.88
Inconsistent
balance sheets:
Financial year published on
01.01.2009 -
31.12.2009 16.09.2010
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.65 |
|
|
1 |
Rs.85.89 |
|
Euro |
1 |
Rs.67.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.