MIRA
INFORM REPORT
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Report Date : |
06.04.2013 |
IDENTIFICATION DETAILS
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Name : |
LITHOS AG
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Registered Office : |
Max-Planck-Strasse 21, Unna, 59423 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
26.05.2008 |
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Com. Reg. No.: |
86877 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
Subject is engaged in cutting, shaping and finishing stone for use in
construction, in cemeteries, on roads, as roofing, etc. |
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No. of Employees : |
35 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Germany |
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 |
germany - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms
and Europe's largest - is a leading exporter of machinery, vehicles, chemicals,
and household equipment and benefits from a highly skilled labor force. Like
its Western European neighbors, Germany faces significant demographic
challenges to sustained long-term growth. Low fertility rates and declining net
immigration are increasing pressure on the country's social welfare system and
necessitate structural reforms. Reforms launched by the government of Chancellor
Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high
unemployment and low average growth, contributed to strong growth in 2006 and
2007 and falling unemployment. These advances, as well as a government
subsidized, reduced working hour scheme, help explain the relatively modest
increase in unemployment during the 2008-09 recession - the deepest since World
War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew
by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to
rebounding manufacturing orders and exports - increasingly outside the Euro
Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a
reflection of the worsening euro-zone financial crisis and the financial burden
it places on Germany as well as falling demand for German exports. Domestic
demand is therefore becoming a more significant driver of Germany's economic
expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax
revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A
constitutional amendment approved in 2009 limits the federal government to
structural deficits of no more than 0.35% of GDP per annum as of 2016.
Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel
announced in May 2011 that eight of the country's 17 nuclear reactors would be
shut down immediately and the remaining plants would close by 2022. Germany
hopes to replace nuclear power with renewable energy. Before the shutdown of
the eight reactors, Germany relied on nuclear power for 23% of its energy and
46% of its base-load electrical production.
Source CIA
Company name & address
Lithos AG
Max-Planck-Strasse 21
Unna, 59423
Germany
Tel: +49 (0) 2303 986900
Fax: +49 (0) 2303 9869034
Synthesis
Employees: 35
Company Type: Public Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: G Lazaridis Drama Marmor AG
Incorporation Date:
26-May-2008
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Euro
Annual Sales: NA
Total Assets: 8.4
Business Description
Lithos AG is primarily engaged in cutting, shaping and finishing stone
for use in construction, in cemeteries, on roads, as roofing, etc.
Industry
Industry Construction - Raw Materials
ANZSIC 2006: 2090 - Other
Non-Metallic Mineral Product Manufacturing
NACE 2002: 2670 - Cutting,
shaping and finishing of ornamental and building stone
NAICS 2002: 327991 - Cut Stone
and Stone Product Manufacturing
UK SIC 2003: 2670 - Cutting,
shaping and finishing of ornamental and building stone
UK SIC 2007: 2370 - Cutting,
shaping and finishing of stone
US SIC 1987: 3281 - Cut Stone
and Stone Products
Key Executives
Name Title
Georgios Papadopoulos Managing director
Federico Lazaridis Chairman of the board of directors
News
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Title |
Date |
|
USPTO ISSUES TRADEMARK: ROOTEROLOGIST |
4-Apr-2013 |
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Just a
sampling Zimmerli showcases prints from the '80s, when being a star was the
attraction |
24-Mar-2013 |
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In graphic terms Impressionist exhibit at
Frick gathers images from everyday life, simmering with outrage |
17-Mar-2013 |
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And Teresa
Politano |
15-Mar-2013 |
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Modern
Lithos long-term growth strategy with XL 105s |
7-Mar-2013 |
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Lithos
Design Stirs and Inspires the Emotions |
6-Mar-2013 |
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Corporate Overview
Location
Max-Planck-Strasse 21
Unna, 59423
Germany
Tel: +49 (0) 2303 986900
Fax: +49 (0) 2303 9869034
Sales EUR(mil): NA
Assets EUR(mil): 6.4
Employees: 35
Fiscal Year End: 31-Dec-2011
Industry: Construction - Raw Materials
Incorporation Date: 26-May-2008
Company Type: Public Subsidiary
Quoted Status: Not Quoted
Registered No.(DEU): 86877
Chairman of the
board of directors:
Federico Lazaridis
Industry Codes
ANZSIC 2006 Codes:
2090 - Other Non-Metallic Mineral Product Manufacturing
333 - Timber and Hardware Goods Wholesaling
6240 - Financial Asset Investing
NACE 2002 Codes:
2670 - Cutting, shaping and finishing of ornamental and building
stone
5153 - Wholesale of wood, construction materials and sanitary
equipment
6523 - Other financial intermediation not elsewhere classified
NAICS 2002 Codes:
327991 - Cut Stone and Stone Product Manufacturing
5259 - Other Investment Pools and Funds
4233 - Lumber and Other Construction Materials Merchant
Wholesalers
US SIC 1987:
3281 - Cut Stone and Stone Products
67 - Holding and Other Investment Offices
503 - Lumber and Other Construction Materials
UK SIC 2003:
2670 - Cutting, shaping and finishing of ornamental and building
stone
6523 - Other financial intermediation not elsewhere classified
5153 - Wholesale of wood, construction materials and sanitary
equipment
UK SIC 2007:
2370 - Cutting, shaping and finishing of stone
6499 - Other financial service activities, except insurance and
pension funding, n.e.c.
4673 - Wholesale of wood, construction materials and sanitary
equipment
Business
Description
Lithos AG is primarily engaged in cutting, shaping and finishing stone
for use in construction, in cemeteries, on roads, as roofing, etc.
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Corporate Family |
Corporate
Structure News: |
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G
Lazaridis Drama Marmor AG Lithos
AG |
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Lithos AG |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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G Lazaridis Drama Marmor AG |
Parent |
Drama |
Greece |
Construction - Raw Materials |
36.6 |
180 |
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Lithos AG |
Subsidiary |
Unna, Nordrhein-Westfalen |
Germany |
Construction - Raw Materials |
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35 |
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Executive report
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Board
of Directors |
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Chairman of the board of directors |
Chairman |
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Executives |
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Managing director |
Managing Director |
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Annual profit & loss
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Provisions |
0.3 |
0.1 |
0.2 |
Annual Balance Sheet
Financials in: USD (mil)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Issued capital |
2.6 |
2.7 |
2.9 |
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Total reserves |
0.2 |
0.2 |
0.2 |
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Profits for the year |
0.7 |
0.6 |
0.9 |
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Profit brought forward from previous
year(s) |
- |
0.8 |
- |
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Total
stockholders equity |
3.5 |
3.5 |
3.9 |
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Provisions and allowances |
0.2 |
0.1 |
0.2 |
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Total long-term
liabilities |
3.6 |
3.7 |
3.3 |
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Total current
liabilities |
1.0 |
1.3 |
1.5 |
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Total
liabilities (including net worth) |
8.4 |
8.6 |
9.0 |
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Intangibles |
0.0 |
0.0 |
0.1 |
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Total tangible
fixed assets |
2.6 |
2.8 |
3.2 |
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Total financial
assets |
0.0 |
0.0 |
0.0 |
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Total
non-current assets |
2.7 |
2.9 |
3.3 |
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Net stocks and work in progress |
3.4 |
3.6 |
4.0 |
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Total
receivables |
0.7 |
0.9 |
0.8 |
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Cash and liquid assets |
1.5 |
1.1 |
0.9 |
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Total current
assets |
5.7 |
5.7 |
5.7 |
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Total assets |
8.4 |
8.6 |
9.0 |
Annual Ratios
Financials in: USD (mil)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Current ratio |
56.41 |
43.73 |
37.20 |
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Acid test ratio |
22.45 |
15.68 |
11.01 |
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Total liabilities to net worth |
0.13% |
0.14% |
0.12% |
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Net worth to total assets |
0.04% |
0.04% |
0.04% |
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Current liabilities to net worth |
0.03% |
0.04% |
0.04% |
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Current liabilities to stock |
0.03% |
0.04% |
0.04% |
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Fixed assets to net worth |
0.08% |
0.08% |
0.08% |
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Net worth |
3.5 |
3.5 |
3.9 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
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UK Pound |
1 |
Rs.83.54 |
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Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.