MIRA INFORM REPORT
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Report Date : |
24.09.2013 |
IDENTIFICATION DETAILS
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Name : |
DR. PAUL LOHMANN GMBH KG |
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Registered Office : |
Hauptstrasse 2, Emmerthal, 31860 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.12.1960 |
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Com. Reg. No.: |
HRA100045 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of chemical elements except metals, industrial
elemental gases and radioactive elements produced by the nuclear fuels
industry. |
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No. of Employees : |
320 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 6.5% 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 and Address
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Dr. Paul Lohmann GmbH KG |
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Business Description
Dr. Paul Lohmann GmbH KG. is primarily engaged in
manufacture of chemical elements except metals, industrial elemental gases and
radioactive elements produced by the nuclear fuels industry; manufacture of
inorganic acids except nitric acid; manufacture of alkalis, lyes and other
inorganic bases except ammonia; and manufacture of other inorganic compounds.
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
2399 -
Manufacture of other non-metallic mineral products n.e.c. |
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NACE Rev 2: |
2399 -
Manufacture of other non-metallic mineral products n.e.c. |
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NAICS 2012: |
327999 -
All Other Miscellaneous Nonmetallic Mineral Product Manufacturing |
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UK SIC 2007: |
2399 - Manufacture
of other non-metallic mineral products n.e.c. |
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US SIC 1987: |
3299 -
Nonmetallic Mineral Products, Not Elsewhere Classified |
Key Executives
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Name |
Title |
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Juergen Lohmann |
CEO |
News
|
Title |
Date |
|
FAO asks:
Could quinoa become a worldwide staple? |
17-Jun-2013 |
|
FAO asks:
Could quinoa become a worldwide staple? |
14-Jun-2013 |
|
Aging
consumer market is 'a massive opportunity' for the industry: Mintel |
12-Jun-2013 |
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Shuanghui:
Smithfield acquisition allows us to be a global leader in animal protein |
30-May-2013 |
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Cofounder
says Plum Organics will stay true to mission within Campbell fold |
30-May-2013 |
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GM salmon:
Target joins 58 other retailers to say no to GM fish |
30-May-2013 |
Registered No.(Other): HRA100045
Parent Registered No.(UK): DEU
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.770327
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ANZSIC 2006 Codes: |
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2090 |
- |
Other Non-Metallic Mineral Product
Manufacturing |
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ISIC Rev 4 Codes: |
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2399 |
- |
Manufacture of other non-metallic mineral
products n.e.c. |
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NACE Rev 2 Codes: |
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2399 |
- |
Manufacture of other non-metallic mineral
products n.e.c. |
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NAICS 2012 Codes: |
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327999 |
- |
All Other Miscellaneous Nonmetallic Mineral
Product Manufacturing |
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US SIC 1987: |
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3299 |
- |
Nonmetallic Mineral Products, Not
Elsewhere Classified |
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UK SIC 2007: |
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2399 |
- |
Manufacture of other non-metallic mineral
products n.e.c. |
Inorganic & Organic Mineral Compounds
More Business Descriptions
Dr. Paul Lohmann GmbH KG. is primarily engaged in
manufacture of chemical elements except metals, industrial elemental gases and
radioactive elements produced by the nuclear fuels industry; manufacture of
inorganic acids except nitric acid; manufacture of alkalis, lyes and other
inorganic bases except ammonia; and manufacture of other inorganic compounds.
All Other Chemical Product and Preparation Manufacturing
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Bank: |
Commerzbank, Volksbank Hameln-Stadthagen,
Deutsche Bank |
Executives Report
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Executives |
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CEO |
Chief Executive Officer |
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Limited partner |
Partner |
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Limited partner |
Partner |
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Limited partner |
Partner |
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Limited partner |
Partner |
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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 |
|
Exchange Rate (Period
Average) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Total income |
133.9 |
117.0 |
104.0 |
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Raw materials and services |
52.6 |
47.7 |
41.8 |
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Net sales |
133.9 |
117.0 |
104.0 |
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Change in stock |
5.5 |
3.8 |
-1.7 |
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Own work capitalised |
0.1 |
0.6 |
0.6 |
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Other operating income |
3.5 |
3.7 |
1.0 |
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Raw materials and consumables employed |
52.6 |
47.7 |
41.8 |
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Other external charges |
4.0 |
3.4 |
2.5 |
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Cost of goods sold |
56.6 |
51.1 |
44.3 |
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Cost of raw materials |
56.6 |
51.1 |
44.3 |
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Taxes and social security costs |
6.4 |
5.3 |
5.4 |
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Total payroll costs |
32.9 |
28.7 |
27.7 |
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Fixed asset depreciation and amortisation |
7.7 |
6.6 |
5.8 |
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Other operating costs |
34.4 |
25.2 |
20.1 |
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Net operating
income |
11.5 |
13.5 |
6.0 |
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Interest received from loans |
0.1 |
0.1 |
0.0 |
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Income received from associated companies |
- |
0.0 |
0.0 |
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Other income |
0.3 |
0.2 |
0.5 |
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Interest payable on loans |
3.1 |
3.0 |
3.8 |
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Total expenses |
2.7 |
2.7 |
3.3 |
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Profit before tax |
8.8 |
10.8 |
2.7 |
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Extraordinary income |
- |
0.1 |
- |
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Provisions |
24.4 |
17.4 |
15.3 |
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Extraordinary expenses |
- |
2.8 |
- |
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Extraordinary result |
- |
-2.8 |
- |
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Other taxes |
0.1 |
0.1 |
0.1 |
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Total taxation |
2.7 |
1.6 |
0.6 |
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Net profit |
6.0 |
6.4 |
2.1 |
Annual Balance Sheet
Financials
in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Unavailable reserves |
2.5 |
2.8 |
3.1 |
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Total reserves |
13.3 |
11.9 |
5.3 |
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Total
stockholders equity |
20.0 |
18.8 |
12.6 |
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Deferred taxation |
2.8 |
0.9 |
0.0 |
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Other provisions |
11.6 |
8.4 |
8.6 |
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Provision for pensions |
8.4 |
8.4 |
7.1 |
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Provisions and allowances |
22.7 |
17.7 |
15.7 |
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Other debentures |
24.1 |
27.4 |
32.1 |
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Trade accounts payable |
0.1 |
0.2 |
3.1 |
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Taxes and social security |
0.1 |
0.1 |
- |
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Total long-term
liabilities |
24.4 |
27.7 |
35.4 |
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Trade creditors |
7.0 |
10.1 |
7.0 |
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Advances received |
0.1 |
- |
- |
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Other loans |
10.4 |
9.6 |
10.0 |
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Taxation and social security |
1.2 |
1.0 |
1.1 |
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Other current liabilities |
8.7 |
5.7 |
5.8 |
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Due to group companies |
0.3 |
2.5 |
5.6 |
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Owing to participants |
1.9 |
0.2 |
1.4 |
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Total current
liabilities |
29.7 |
29.1 |
31.0 |
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Total
liabilities (including net worth) |
99.3 |
96.0 |
97.8 |
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Patents |
1.4 |
2.6 |
4.2 |
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Intangibles |
1.4 |
2.6 |
4.2 |
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Land and buildings |
20.6 |
21.7 |
22.5 |
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Machinery and tools |
18.1 |
18.8 |
17.9 |
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Fixtures and equipment |
20.6 |
21.7 |
22.5 |
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Fixed assets under construction |
3.6 |
2.5 |
3.4 |
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Total tangible
fixed assets |
48.1 |
48.9 |
50.1 |
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Long-term investments |
0.2 |
0.3 |
0.3 |
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Other financial assets |
0.0 |
0.0 |
0.0 |
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Shares held in associated companies |
0.4 |
0.4 |
0.4 |
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Deposits |
0.0 |
0.0 |
0.0 |
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Total financial
assets |
0.6 |
0.7 |
0.7 |
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Total
non-current assets |
50.2 |
52.2 |
55.0 |
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Raw materials |
7.9 |
8.5 |
12.4 |
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Finished goods |
19.6 |
15.0 |
12.0 |
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Net stocks and work in progress |
27.5 |
23.6 |
24.3 |
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Trade debtors |
12.3 |
12.8 |
11.8 |
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Other receivables |
2.0 |
2.7 |
2.5 |
|
Total
receivables |
19.8 |
17.7 |
16.6 |
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Owing from associated companies |
3.3 |
1.4 |
1.8 |
|
Owing from participants |
2.2 |
0.5 |
- |
|
Cash and liquid assets |
1.8 |
2.5 |
1.9 |
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Total current
assets |
49.0 |
43.8 |
42.8 |
|
Prepaid expenses and deferred costs |
0.1 |
0.1 |
0.0 |
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Total assets |
99.3 |
96.0 |
97.8 |
Annual Ratios
Financials
in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
|
|
|
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Current ratio |
16.48 |
15.03 |
13.80 |
|
Acid test ratio |
7.24 |
6.93 |
5.94 |
|
Total liabilities to net worth |
0.27% |
0.30% |
0.53% |
|
Net worth to total assets |
0.02% |
0.02% |
0.01% |
|
Current liabilities to net worth |
0.15% |
0.16% |
0.25% |
|
Current liabilities to stock |
0.11% |
0.12% |
0.13% |
|
Fixed assets to net worth |
0.25% |
0.28% |
0.44% |
|
Collection period |
358.00 |
394.00 |
402.00 |
|
Stock turnover rate |
2.20 |
1.99 |
2.27 |
|
Profit margin |
0.00% |
0.01% |
0.00% |
|
Return on assets |
0.01% |
0.01% |
0.01% |
|
Shareholders' return |
0.03% |
0.03% |
0.02% |
|
Sales per employee |
23.66 |
24.19 |
21.06 |
|
Profit per employee |
1.05 |
1.89 |
0.42 |
|
Average wage per employee |
5.81 |
5.93 |
5.60 |
|
Net worth |
20.0 |
18.8 |
12.6 |
|
Number of employees |
407 |
365 |
355 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.52 |
|
|
1 |
Rs.100.26 |
|
Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.