MIRA INFORM REPORT

 

 

Report Date :

14.11.2013

 

IDENTIFICATION DETAILS

 

Name :

LEDERER GMBH

 

 

Registered Office :

Katzbachstr. 4 D 58256 Ennepetal

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.01.1970

 

 

Com. Reg. No.:

HRB 5663

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Wholesale of tools and hardware

 

 

No. of Employees :

91

 

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 :

Unknown

 

 

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, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

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 6.5% in 2012. GDP contracted 5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a reflection of low investment spending due to crisis-induced uncertainty and the decreased demand for German exports from recession-stricken periphery countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. 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 though the target was already reached in 2012. By 2014, the federal government wants to balance its budget. 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 electricity generating capacity and 46% of its base-load electricity production.

 

Source : CIA

 

Company name

 

LEDERER GMBH

 

 Company Status          : active

                                     Katzbachstr. 4

                                     D 58256 Ennepetal

                                     Telephone        :02333/8309-0

                                     Telefax            : 02333/8309-50

                                     Homepage       : www.lederer-online.com

                                     E-mail              : info@lederer-online.com

 

 VAT no.                       : DE812028614

 Tax ID number              : 341/5710/0486

 

 

 

CONCLUSION

 

 Business relations are permissible.

 

 LEGAL FORM              :  Private limited company

 Date of foundation       :  01.01.1970

 Shareholders'

 Agreement                   :  23.06.1972

 Registered on              :  07.02.1975

 Commercial Register    :  Local court 58097 Hagen

 Under                          :  HRB 5663

 

 Share capital:                          EUR            110,000.00

 

Shareholder:

                      Dr. Volker Lederer

                      Spessartweg 31

                      D 42349 Wuppertal

                      born: 09.05.1966

                      Share:             EUR            110,000.00

 Manager:

                      Rainer Lederer

                      Neuenhaus 79

                      D 42349 Wuppertal

                      having sole power of representation

                      born: 26.11.1941

                      Marital status: married

 Manager:

                      Dr. Volker Lederer

                      Spessartweg 31

                      D 42349 Wuppertal

                      born: 09.05.1966

                      Profession: Businessman

 Proxy:

                      Peter Henke

                      Schlittenbacher Str. 56

                      D 58511 Lüdenscheid

                      authorized to jointly represent the company

                      born: 01.09.1959

 

 Further functions/participations of Dr. Volker Lederer (Manager)

 Member of the Board of Directors:

                      Fachverband des Schrauben-Großhandels e.V.

                      (FDS)

                      Am Weidendamm 1a

                      D 10117 Berlin

                      Legal form: Registered association

                      Registered

                      on:         13.07.2006

                      Reg. data:  14057 Berlin, VR 23755

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 46741   Wholesale of tools and hardware

 

 

FINANCIAL INFORMATION

 

Payment experience      :  within agreed terms

 

Negative information     : We have no negative information at hand.

 

Balance sheet year        :  2010

 

 

REAL ESTATE

 

 Type of ownership        :   Tenant

 Address                        Katzbachstr. 4

                                     D 58256 Ennepetal

 

 Real Estate of              : Rainer Lederer

 Type of ownership        : proprietor

 Share                           : 100.00 %

 Address                       Neuenhaus 79

                                    D 42349 Wuppertal

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 DEUTSCHE BANK, ENNEPETAL

 Sort. Code       : 33070090, BIC : DEUTDEDWXXX

 

 Further bank

 SPARKASSE ENNEPETAL-BRECKERFELD, ENNEPETAL

 Sort. Code       : 45451060, BIC : WELADED1ENE

 

 

 FINANCIAL FIGURES

 

 Turnover                      :            2012                EUR         47,500,000.00

 Equipment                   :                                   EUR          1,525,021.00

 Ac/ts receivable           :                                  EUR          6,260,374.00

 Liabilities                     :                                   EUR          2,513,244.00

 Employees:                                                                                                 91

 - thereof permanent staff:                                                                 86

 - Trainees:                                                                                          5

 

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]                        : 86.84

 Liquidity ratio                           : 10.00

 Return on total capital [%]         : 9.62

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]                        :  87.58

 Liquidity ratio                           :  10.00

 Return on total capital [%]         :  7.77

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]                        :  86.10

 Liquidity ratio                           :  4.26

 Return on total capital [%]         :  8.15

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]                        :  74.72

 Liquidity ratio                           :  1.20

 Return on total capital [%]         :  11.92

 

 

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         50,713,752.00

  Fixed assets                           EUR          4,174,484.00

   Intangible assets                     EUR            379,797.00

    Concessions, licences, rights        EUR            379,797.00

   Tangible assets                       EUR          3,794,687.00

    Land / similar rights                EUR          2,265,215.00

    Plant / machinery                    EUR              4,451.00

    Other tangible assets / fixtures and

    fittings                             EUR          1,525,021.00

  Current assets                         EUR         46,477,426.81

   Stocks                                EUR         30,039,734.02

    Raw materials, consumables and

    supplies                             EUR             25,000.00

    Finished goods / work in progress    EUR         28,335,965.17

    Advance payments made                EUR          1,678,768.85

   Accounts receivable                   EUR          6,260,374.35

    Amounts due from shareholders        EUR            644,824.66

    Trade debtors                        EUR          3,593,460.21

    Other debtors and assets             EUR          2,022,089.48

   Investments in current assets         EUR            522,231.03

    Other investments                    EUR            522,231.03

   Liquid means                          EUR          9,655,087.41

  Remaining other assets                 EUR             61,841.19

   Accruals (assets)                     EUR             61,841.19

 

 LIABILITIES                             EUR         50,713,752.00

  Shareholders' equity                   EUR         44,147,929.52

   Capital                               EUR            110,000.00

    Subscribed capital (share capital)   EUR            110,000.00

   Reserves                              EUR         20,000,000.00

    Retained earnings / revenue reserves EUR         20,000,000.00

   Balance sheet profit/loss (+/-)       EUR         24,037,929.52

    Balance sheet profit / loss          EUR         24,037,929.52

  Provisions                             EUR          4,052,578.14

   Pension provisions and comparable

   provisions                            EUR          1,884,178.14

   Provisions for taxes                  EUR          1,420,800.00

   Other / unspecified provisions        EUR            747,600.00

  Liabilities                            EUR          2,513,244.34

   Financial debts                       EUR          1,380,712.23

    Liabilities due to banks             EUR          1,380,712.23

   Other liabilities                     EUR          1,132,532.11

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            928,099.50

    Unspecified other liabilities        EUR            204,432.61

     thereof liabilities from tax /

     financial authorities               EUR             85,286.13

     thereof liabilities from social

     security                            EUR                  0.00

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

 

  Sales                                  EUR         46,741,713.22

  Other operating income                 EUR            120,419.05

  Cost of materials                      EUR         30,155,768.16

   Raw materials and supplies, purchased

   goods                                 EUR         28,637,203.88

   Purchased services                    EUR          1,518,564.28

  Gross result (+/-)                     EUR         16,706,364.11

  Staff expenses                         EUR          4,070,190.35

   Wages and salaries                    EUR          3,428,642.58

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            641,547.77

  Total depreciation                     EUR            553,116.96

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            553,116.96

  Other operating expenses               EUR          4,152,119.62

  Operating result from continuing

  operations                             EUR          7,930,937.18

  Interest result (+/-)                  EUR            -46,165.27

   Interest and similar income           EUR            165,610.22

   Interest and similar expenses         EUR            211,775.49

  Financial result (+/-)                 EUR            -46,165.27

  Result from ordinary operations (+/-)  EUR          7,884,771.91

  Extraordinary expenses                 EUR            679,995.00

  Extraordinary result (+/-)             EUR           -679,995.00

  Income tax / refund of income tax (+/-)EUR         -3,066,130.50

  Other taxes / refund of taxes          EUR            -21,042.35

  Tax (+/-)                              EUR         -3,087,172.85

  Annual surplus / annual deficit        EUR          4,117,604.06

 

 Type of balance sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR         45,648,463.20

  Fixed assets                           EUR          6,131,565.37

   Intangible assets                     EUR            504,803.00

    Concessions, licences, rights        EUR            504,803.00

   Tangible assets                       EUR          3,886,662.50

    Land / similar rights                EUR          2,449,361.00

    Plant / machinery                    EUR              5,415.00

    Other tangible assets / fixtures and

    fittings                             EUR          1,431,886.50

   Financial assets                      EUR          1,740,099.87

    Securities included in fixed assets  EUR          1,537,501.25

    Other / unspecified financial assets EUR            202,598.62

  Current assets                         EUR         39,404,696.58

   Stocks                                EUR         24,288,203.25

    Raw materials, consumables and

    supplies                             EUR             25,000.00

    Finished goods / work in progress    EUR         23,148,599.35

    Advance payments made                EUR          1,114,603.90

   Accounts receivable                   EUR          7,488,256.62

    Amounts due from shareholders        EUR            152,692.98

    Trade debtors                        EUR          3,507,265.61

    Other debtors and assets             EUR          3,828,298.03

   Investments in current assets         EUR          1,000,000.00

    Other investments                    EUR          1,000,000.00

   Liquid means                          EUR          6,628,236.71

  Remaining other assets                 EUR            112,201.25

   Accruals (assets)                     EUR            112,201.25

 

 LIABILITIES                             EUR         45,648,463.20

  Shareholders' equity                   EUR         40,030,325.41

   Capital                               EUR            110,000.00

    Subscribed capital (share capital)   EUR            110,000.00

   Reserves                              EUR         20,000,000.00

    Retained earnings / revenue reserves EUR         20,000,000.00

   Balance sheet profit/loss (+/-)       EUR         19,920,325.41

    Balance sheet profit / loss          EUR         19,920,325.41

  Provisions                             EUR          2,981,317.00

   Pension provisions and comparable

   provisions                            EUR          2,413,717.00

   Other / unspecified provisions        EUR            567,600.00

  Liabilities                            EUR          2,636,820.79

   Financial debts                       EUR          1,627,219.05

    Liabilities due to banks             EUR          1,627,219.05

   Other liabilities                     EUR          1,009,601.74

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            791,918.51

    Unspecified other liabilities        EUR            217,683.23

     thereof liabilities from tax /

     financial authorities               EUR            106,994.01

     thereof liabilities from social

     security                            EUR                771.50

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

 

  Sales                                  EUR         33,480,004.22

  Other operating income                 EUR            589,351.07

  Cost of materials                      EUR         22,106,132.44

   Raw materials and supplies, purchased

   goods                                 EUR         21,101,707.98

   Purchased services                    EUR          1,004,424.46

  Gross result (+/-)                     EUR         11,963,222.85

  Staff expenses                         EUR          3,696,387.50

   Wages and salaries                    EUR          3,062,239.09

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            634,148.41

  Total depreciation                     EUR            548,864.54

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            548,864.54

  Other operating expenses               EUR          3,137,713.76

  Operating result from continuing

  operations                             EUR          4,580,257.05

  Interest result (+/-)                  EUR             48,861.93

   Interest and similar income           EUR            111,174.25

   Interest and similar expenses         EUR             62,312.32

  Financial result (+/-)                 EUR             48,861.93

  Result from ordinary operations (+/-)  EUR          4,629,118.98

  Income tax / refund of income tax (+/-)EUR         -1,091,629.11

  Other taxes / refund of taxes          EUR            -20,016.68

  Tax (+/-)                              EUR         -1,111,645.79

  Annual surplus / annual deficit        EUR          3,517,473.19

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.65

UK Pound

1

Rs.101.17

Euro

1

Rs.85.55

 

 

INFORMATION DETAILS

 

Report Prepared by :

NNA

 

 

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.