|
Report Date : |
11.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
LISEGA SE |
|
|
|
|
Registered Office : |
Hochkamp
5-7, D 27404 Zeven |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
1964 |
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|
|
|
Com. Reg. No.: |
HRB 121249 |
|
|
|
|
Legal Form : |
European Company |
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|
|
|
Line of Business : |
Wholesale of other equipment and accessories for machinery and technical
supplies |
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|
|
|
No. of Employees : |
Not available |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 |
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 |
LISEGA SE
Hochkamp
5-7
D 27404 Zeven
Telephone: 04281/7130
Telefax: 04281/713214
Homepage: www.lisega.de
E-mail: info@lisega.de
DE116922376
Business relations are permissible.
LEGAL FORM European Company (SE)
Date of foundation: 1964
Begin of business
activities: 17.12.2001
Registered on: 28.05.2002
Commercial Register: Local
court 21255 Tostedt
under: HRB 121249
Share capital: EUR 10,000,000.00
Hans-Herlof Hardtke
Bremervörder Str. 3
D 27404 Zeven
born: 21.02.1939
Dr. Ekkehard Heinrichs
D 27404 Zeven
authorized to jointly represent the company
born: 13.06.1965
Marital status: married
Member of the Board
of Directors:
Georg Maria Friberg
D 68159 Mannheim
authorized to jointly represent the company
born: 29.01.1967
Member of the
Board of Directors:
Hans-Heiner Eddelbüttel
D 27356 Rotenburg
authorized to jointly represent the company
born: 08.08.1951
President of the
Supervisory Board:
Hans-Herlof Hardtke
Bremervörder Str. 3
D 27404 Zeven
born: 21.02.1939
Profession: Businessman
Marital status: married
Vice-president of
the Supervisory Board:
Johann-Georg Eule
D 27412 Vorwerk
Profession: Solicitor
Member of the
Supervisory Board:
Dr. Hans Peter Kolzen
Am Querkamp 12
D 28355 Bremen
born: 01.07.1938
Proxy:
Harald Michael Lange
Viehreihe 52
D 28865 Lilienthal
authorized to jointly represent the company
born: 04.09.1959
Further
functions/participations of Dr. Ekkehard Heinrichs
(Member of the
Board of Directors)
General partner:
Ekkehard Heinrichs Stefan Pöting
Grabenstr. 8
D 33803 Steinhagen
Legal form: Partnership under the Civil Code
Further
functions/participations of Georg Maria Friberg (Member
of the Board of
Directors)
Manager:
MÜRMANN Gewindetechnik GmbH
Wölzower Weg 27
D 19243 Wittenburg
Legal form: Private limited company
Share capital: EUR 1,000,000.00
Registered
on: 16.03.1998
Reg. data: 19053 Schwerin,
HRB 5828
Further
functions/participations of Hans-Heiner Eddelbüttel
(Member of the
Board of Directors)
Manager:
MÜRMANN Gewindetechnik GmbH
Wölzower Weg 27
D 19243 Wittenburg
Legal form: Private limited company
Share capital: EUR 1,000,000.00
Registered
on: 16.03.1998
Reg. data: 19053 Schwerin,
HRB 5828
1964 - 28.05.2002
LISEGA GmbH * AG Buxtehude - HRB 86 *
Hochkamp 5
D 27404 Zeven
Private limited company
28.05.2002 - 23.09.2009
LISEGA Aktiengesellschaft
Hochkamp 5
D 27404 Zeven
Public limited company
24.09.2009 - 23.05.2011
LISEGA Aktiengesellschaft
Hochkamp 5-7
D 27404 Zeven
Public limited company
03.09.2002 - 11.02.2013
Member of the Supervisory Board
Hans-Herbert Saacke
D 28717 Bremen
04.08.2010 - 08.01.2013
Member of the Board of Directors
Dr. Etienne Nitidem
D 32657 Lemgo
Secondary industrial sector
46693 Wholesale of other
equipment and accessories for
machinery and technical supplies
Shareholder:
MÜRMANN Gewindetechnik GmbH
Wölzower Weg 27
D 19243 Wittenburg
Legal form: Private limited company
Company Status: active
Share capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Reg. data: 16.03.1998
Local court 19053 Schwerin
HRB 5828
Payment experience: within
agreed terms
Negative information:We have no negative information at hand.
Balance sheet year: 2011
Type of ownership:
proprietor
Share: 100.00 %
Address
Hochkamp 5
D 27404 Zeven
Type of ownership: Tenant
Address
Hochkamp 5-7
D 27404 Zeven
Land register documents were not available.
Principal bank
DEUTSCHE BANK, BREMEN
Sort. code: 29070050, Account no.: 2401404, BIC: DEUTDEHBXXX
Further bank
SPARKASSE ROTENBURG-BREMERVÖRDE, ZEVEN
Sort. code: 24151235, Account no.: 407619, BIC: BRLADE21ROB
FINANCIAL FIGURES
Turnover: 2011 EUR 102,138,863.00
2012 EUR 102,200,000.00
Profit: 2011 EUR 15,402,801.00
further business figures:
Equipment: EUR 3,158,316.00
Ac/ts receivable: EUR 22,420,710.00
Liabilities: EUR 14,868,195.00
Employees:
477
BALANCE SHEETS
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]:
61.58
Liquidity ratio:
4.70
Return on total capital [%]:
18.97
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]:
59.86
Liquidity ratio:
10.00
Return on total capital [%]:
21.80
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]:
53.65
Liquidity ratio:
2.55
Return on total capital [%]:
16.82
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]:
44.08
Liquidity ratio:
1.38
Return on total capital [%]:
11.09
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: 01.01.2011 - 31.12.2011
ASSETS EUR 81,198,644.48
Fixed assets EUR 27,452,241.03
Intangible assets EUR 320,488.01
Concessions, licences, rights EUR 320,488.01
Tangible assets EUR 18,566,074.55
Land / similar rights EUR 12,251,497.26
Plant / machinery EUR 3,098,259.50
Other tangible assets / fixtures and
fittings EUR 3,158,316.11
Advance payments made / construction
in progress EUR 58,001.68
Financial assets EUR 8,565,678.47
Shares in participations /
subsidiaries and the like EUR 8,565,678.47
Shares in related companies EUR 8,565,678.47
Current assets EUR 53,697,000.40
Stocks EUR 21,182,778.00
Raw materials, consumables and
supplies EUR 8,023,129.11
Finished goods / work in progress EUR
13,159,648.89
Accounts receivable EUR 22,420,710.09
Trade debtors EUR 17,355,118.53
Amounts due from related companies EUR
3,275,217.97
Other debtors and assets EUR 1,790,373.59
Liquid means EUR 10,093,512.31
Remaining other assets EUR 49,403.05
Accruals (assets) EUR 49,403.05
LIABILITIES EUR 81,198,644.48
Shareholders' equity EUR 49,992,205.29
Capital EUR 10,000,000.00
Subscribed capital (share capital) EUR
10,000,000.00
Reserves EUR 4,124,005.00
Capital reserves EUR 2,500,000.00
Retained earnings / revenue reserves
EUR 1,624,005.00
Balance sheet profit/loss (+/-) EUR 30,868,200.29
Balance sheet profit / loss EUR 30,868,200.29
Other shareholders' equity (+/-) EUR 5,000,000.00
Other / unspecified part of the
shareholders' equity EUR 5,000,000.00
Items between shareholders' equity and
debt capital EUR 21,186.00
Allowances / bonuses EUR 21,186.00
Provisions EUR 16,317,058.60
Pension provisions and comparable
provisions EUR 8,224,218.09
Provisions for taxes EUR 400,192.00
Other / unspecified provisions EUR 7,692,648.51
Liabilities EUR 14,868,194.59
Financial debts EUR 2,470,588.23
Liabilities due to banks EUR 2,470,588.23
Other liabilities EUR 12,397,606.36
Trade creditors (for IAS incl. bills
of exchange) EUR 4,112,559.84
Liabilities from received advance
payments EUR 3,287,308.92
Liabililties due to related
companiesEUR 3,272,741.86
Unspecified other liabilities EUR 1,724,995.74
thereof liabilities from tax /
financial authorities EUR 327,486.72
PROFIT AND LOSS ACCOUNT (cost-summary
method) according to Comm.
Code (HGB)
Sales EUR 102,138,863.22
Inventory change + own costs (+/-) EUR -420,951.60
Inventory change (+/-) EUR -758,887.81
Capitalised own costs EUR
337,936.21
Other operating income EUR 3,070,295.60
Cost of materials EUR 35,066,521.75
Raw materials and supplies, purchased
goods EUR 31,740,802.25
Purchased services EUR 3,325,719.50
Gross result (+/-) EUR 69,721,685.47
Staff expenses EUR 29,817,369.11
Wages and salaries EUR 25,095,663.58
Social security contributions and
expenses for pension plans and
benefits EUR 4,721,705.53
Total depreciation EUR 2,691,911.91
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,691,911.91
Other operating expenses EUR 17,414,474.09
Operating result from continuing
operations EUR 19,797,930.36
Result from participating interests
(+/-) EUR 2,000,000.00
Expenses / income from participations
EUR 2,000,000.00
Income from related companies EUR 2,000,000.00
Interest result (+/-) EUR -1,222,078.64
Interest and similar income EUR 104,501.05
Interest and similar expenses EUR 1,326,579.69
thereof paid to related companies EUR 68,812.10
Financial result (+/-) EUR 777,921.36
Result from ordinary operations (+/-) EUR
20,575,851.72
Income tax / refund of income tax
(+/-)EUR -5,130,633.00
Other taxes / refund of taxes EUR -42,417.51
Tax (+/-) EUR -5,173,050.51
Annual surplus / annual deficit EUR 15,402,801.21
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 77,712,871.87
Fixed assets EUR 25,797,366.64
Intangible assets EUR 339,663.01
Concessions, licences, rights EUR 339,663.01
Tangible assets EUR 16,892,025.16
Land / similar rights EUR 10,226,763.85
Plant / machinery EUR 3,050,934.02
Other tangible assets / fixtures and
fittings EUR 2,648,340.70
Advance payments made / construction
in progress EUR 965,986.59
Financial assets EUR 8,565,678.47
Shares in participations /
subsidiaries and the like EUR 8,565,678.47
Shares in related companies EUR 8,565,678.47
Current assets EUR 51,795,642.14
Stocks EUR 19,654,699.52
Raw materials, consumables and
supplies EUR 7,540,020.29
Finished goods / work in progress EUR
12,114,679.23
Accounts receivable EUR 19,405,225.01
Trade debtors EUR 15,668,079.22
Amounts due from related companies EUR
2,753,194.71
Other debtors and assets EUR 983,951.08
Liquid means EUR 12,735,717.61
Remaining other assets EUR 119,863.09
Accruals (assets) EUR 119,863.09
LIABILITIES EUR 77,712,871.87
Shareholders' equity EUR 46,589,404.08
Capital EUR 10,000,000.00
Subscribed capital (share capital) EUR
10,000,000.00
Reserves EUR 4,124,005.00
Capital reserves EUR 2,500,000.00
Retained earnings / revenue reserves
EUR 1,624,005.00
Balance sheet profit/loss (+/-) EUR
27,465,399.08
Balance sheet profit / loss EUR 27,465,399.08
Other shareholders' equity (+/-) EUR 5,000,000.00
Other / unspecified part of the
shareholders' equity EUR 5,000,000.00
Items between shareholders' equity and
debt capital EUR 23,269.00
Allowances / bonuses EUR 23,269.00
Provisions EUR 18,514,558.12
Pension provisions and comparable
provisions EUR 7,646,945.70
Provisions for taxes EUR 2,205,172.96
Other / unspecified provisions EUR 8,662,439.46
Liabilities EUR 12,585,640.67
Financial debts EUR 2,823,902.89
Liabilities due to banks EUR 2,823,902.89
Other liabilities EUR 9,761,737.78
Trade creditors (for IAS incl. bills
of exchange) EUR
3,148,917.88
Liabilities from received advance
payments EUR 3,151,571.40
Liabililties due to related
companiesEUR 1,459,602.33
Unspecified other liabilities EUR 2,001,646.17
thereof liabilities from tax /
financial authorities EUR 343,538.38
PROFIT AND LOSS ACCOUNT (cost-summary
method) according to Comm.
Code (HGB)
Sales EUR 105,249,089.15
Inventory change + own costs (+/-) EUR 2,443,040.35
Inventory change (+/-) EUR 2,260,331.26
Capitalised own costs EUR 182,709.09
Other operating income EUR 3,083,964.97
Cost of materials EUR 39,743,699.84
Raw materials and supplies, purchased
goods EUR 33,581,964.22
Purchased services EUR 6,161,735.62
Gross result (+/-) EUR 71,032,394.63
Staff expenses EUR 30,240,058.35
Wages and salaries EUR 25,781,088.93
Social security contributions and
expenses for pension plans and
benefits EUR 4,458,969.42
Total depreciation EUR 2,387,063.18
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,387,063.18
Other operating expenses EUR 14,207,741.03
Operating result from continuing
operations EUR 24,197,532.07
Interest result (+/-) EUR -1,278,387.02
Interest and similar income EUR 20,862.51
Interest and similar expenses EUR 1,299,249.53
thereof paid to related companies EUR 41,703.77
Financial result (+/-) EUR -1,278,387.02
Result from ordinary operations (+/-) EUR
22,919,145.05
Extraordinary income EUR 86,738.02
Extraordinary expenses EUR 18,239.10
Extraordinary result (+/-) EUR 68,498.92
Income tax / refund of income tax
(+/-)EUR -5,972,592.96
Other taxes / refund of taxes EUR -40,330.23
Tax (+/-) EUR -6,012,923.19
Annual
surplus / annual deficit EUR 16,974,720.78
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.40 |
|
|
1 |
Rs.81.56 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.