|
Report Date : |
02.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
KARL
MAYER LIBA TEXTILMASCHINENFABRIK GMBH |
|
|
|
|
Registered Office : |
Oberklingensporn
1 D 95119 Naila Post Box: 11 20, D 95112 Naila |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
27.03.1947 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture
of machinery for textile, apparel and leather production |
|
|
|
|
No. of Employees : |
390 |
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 |
|
Payment Behaviour : |
No complaints |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
KARL MAYER LIBA
TEXTILMASCHINENFABRIK GMBH
Company Status: active
Oberklingensporn 1
D 95119 Naila
Post Box:
11 20, D 95112 Naila
Telephone:09282/670
Telefax: 09282/5737
Homepage: www.liba.de
E-mail: info@liba.de
VAT no.: DE132951767
Tax ID number: 223/115/90719
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1947
Registered on: 27.03.1947
Commercial Register: Local court 95030 Hof
under: HRB
56
Share capital: EUR 3,500,000.00
Shareholder:
KARL MAYER
Textilmaschinenfabrik GmbH
Brühlstr. 25
D 63179 Obertshausen
Post Box:
11 20, D 63166 Obertshausen
Legal form: Private
limited company
Share capital: EUR
15,000,000.00
Share: EUR 2,800,000.00
Registered on: 01.12.1949
Reg. data: 63065 Offenbach,
HRB 2203
Shareholder:
Karlheinz Liebrandt
Schlehenweg 11
D 95119 Naila
born: 31.08.1958
Share: EUR 700,000.00
Manager:
Karlheinz Liebrandt
Schlehenweg 11
D 95119 Naila
authorized to jointly
represent the company
born: 31.08.1958
Profession: Fully
qualified engineer
Manager:
Marcus Kube
D 44135 Dortmund
authorized to jointly
represent the company
born: 30.08.1968
Further functions/participations of Karlheinz
Liebrandt (Manager)
Shareholder:
LIBA-Mitarbeiterbeteiligungs-GmbH
Oberklingensporn
D 95119 Naila
Legal form: Private limited
company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 14.01.2003
Reg. data: 95030 Hof, HRB 3495
Shareholder:
ROCET GmbH
Oberklingensporn 1
D 95119 Naila
Legal form: Private
limited company
Share capital: EUR
25,000.00
Share: EUR 11,250.00
Registered
on: 27.07.2007
Reg. data: 95030 Hof, HRB 4238
27.03.1947 - 17.11.2008 Liba-Maschinenfabrik Gesellschaft mit
beschränkter Haftung
Oberklingensporn 2-3
D 95119 Naila
Private limited
company
17.11.2008 - 06.02.2014 Liba-Maschinenfabrik Gesellschaft mit
beschränkter Haftung
Oberklingensporn 1
D 95119 Naila
Private limited
company
06.01.2011 - 28.11.2013 Manager
Thomas Liebrandt
D 95119 Naila
22.01.2009 - 28.11.2013 Manager
Herbert Igler
D 96364 Marktrodach
Main industrial sector
28290
Manufacture of other general-purpose machinery
28940 Manufacture of machinery for textile,
apparel and leather production
Shareholder:
LUCEM GmbH
Prattelsackstr. 25
D 52222 Stolberg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 48,963.00
Share: EUR 4,145.00
Reg. data: 23.05.2007
Local court
52070 Aachen
HRB 14222
Payment
experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2011
Type of ownership: unknown
Address Oberklingensporn
1
D 95119 Naila
Land register documents were not available.
Principal banks
SPARKASSE HOCHFRANKEN, 95015 HOF, SAALE
Sort. code: 78050000, Account no.: 430011650
BIC: BYLADEM1HOF, IBAN: DE07780500000430011650
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101, Account no.: 2666349
BIC: SOLADEST600, IBAN: DE94600501010002666349
Further banks
COMMERZBANK HOF SAALE, 95028 HOF, SAALE
Sort. code: 78040081, Account no.: 783722200
BIC: COBADEFF780, IBAN: DE13780400810783722200
UNICREDIT BANK - HYPOVEREINSBANK, 95011 HOF,
SAALE
Sort. code: 78020070, Account no.: 1015036
BIC: HYVEDEMM424, IBAN: DE22780200700001015036
Turnover: 2013 *EUR 41,477,500.00
Equipment: EUR 912,200.00
Ac/ts receivable: EUR
11,910,302.00
Liabilities: EUR 5,200,005.00
Employees:
390
- Part-time employees: 12
- Trainees:
31
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 30.59
Liquidity ratio: 3.08
Return on total capital [%]: 4.83
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 26.59
Liquidity ratio: 2.54
Return on total capital [%]: 1.67
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 26.37
Liquidity ratio: 6.19
Return on total capital [%]: -2.60
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 22.41
Liquidity ratio: 1.77
Return on total capital [%]: 2.95
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 28,978,828.26
Fixed assets EUR 3,670,758.51
Intangible assets EUR 43,010.00
Concessions, licences,
rights EUR 43,010.00
Tangible assets EUR 3,262,806.92
Land / similar
rights EUR 1,590,795.56
Plant / machinery EUR 673,472.00
Other tangible assets /
fixtures and
fittings EUR 912,199.90
Advance payments made /
construction
in progress EUR 86,339.46
Financial assets EUR 364,941.59
Shares in participations
/
subsidiaries and the
like EUR 364,941.59
Shares in related
companies EUR 153,725.59
Shares in investee
companies EUR 211,216.00
Current assets EUR 24,615,695.74
Stocks EUR 11,436,265.92
Raw materials,
consumables and
supplies EUR 5,334,460.79
Finished goods / work in
progress EUR 6,974,983.14
Advance payments
made EUR 433,999.78
Minus received advance
payments for
orders / installments
for stocks EUR -1,307,177.79
Accounts receivable EUR 11,910,302.20
Trade debtors EUR 5,812,675.47
Amounts due from related
companies EUR 5,394,170.78
Other debtors and
assets EUR 703,455.95
Liquid means EUR 1,269,127.62
Remaining other
assets EUR 692,374.01
Accruals (assets) EUR 399,210.71
Deferred taxes
(assets) EUR 293,163.30
LIABILITIES EUR 28,978,828.26
Shareholders' equity EUR
8,744,899.39
Capital EUR 3,500,000.00
Subscribed capital
(share capital) EUR 3,500,000.00
Reserves EUR 261,350.00
Capital reserves EUR 261,350.00
Balance sheet profit/loss
(+/-) EUR 4,983,549.39
Profit / loss brought
forward EUR 3,687,119.28
Annual surplus / annual
deficit EUR 1,296,430.11
Provisions EUR 14,814,689.27
Pension provisions and
comparable
provisions EUR 11,266,068.00
Provisions for taxes EUR 501,036.78
Other / unspecified
provisions EUR 3,047,584.49
Liabilities EUR 5,200,004.64
Financial debts EUR 112,763.80
Liabilities due to
banks EUR 112,763.80
Other liabilities EUR 5,087,240.84
Trade creditors (for IAS
incl. bills
of exchange) EUR 1,619,220.21
Unspecified other
liabilities EUR 3,468,020.63
thereof liabilities
from tax /
financial
authorities EUR 5,361.69
thereof liabilities
from social
security EUR 1,968,293.94
Other liabilities EUR 219,234.96
Deferrals (liabilities) EUR 219,234.96
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 64,340,369.45
Inventory change + own
costs (+/-) EUR 100,927.66
Inventory change
(+/-) EUR -49,214.36
Capitalised own
costs EUR 150,142.02
Other operating
income EUR 555,732.05
Cost of materials EUR 33,326,022.88
Raw materials and
supplies, purchased
goods EUR 31,345,062.42
Purchased services EUR 1,980,960.46
Gross result (+/-) EUR 31,671,006.28
Staff expenses EUR 19,420,100.63
Wages and salaries EUR 16,018,734.38
Social security
contributions and
expenses for pension
plans and
benefits EUR 3,401,366.25
Total depreciation EUR 680,293.74
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 680,293.74
Other operating expenses EUR 8,522,715.72
Operating result from
continuing
operations EUR 3,047,896.19
Interest result (+/-) EUR -941,214.37
Interest and similar
income EUR 44,644.39
Interest and similar
expenses EUR 985,858.76
Financial result
(+/-) EUR -941,214.37
Result from ordinary
operations (+/-) EUR 2,106,681.82
Extraordinary
expenses EUR 65,517.00
Extraordinary result
(+/-) EUR -65,517.00
Expenses for transfer of
profits to a
parent company EUR 20,328.67
Income tax / refund of
income tax (+/-)EUR -700,702.30
Other taxes / refund of
taxes EUR -23,703.74
Tax (+/-) EUR -724,406.04
Annual surplus / annual
deficit EUR 1,296,430.11
Type of balance sheet:
Company balance sheet
Financial year: 01.01.2010
- 31.12.2010
ASSETS EUR 28,446,463.82
Fixed assets EUR 2,998,600.32
Intangible assets EUR
21,288.00
Concessions, licences,
rights EUR 21,288.00
Tangible assets EUR 2,612,370.73
Land / similar
rights EUR 1,595,463.83
Plant / machinery EUR 279,872.00
Other tangible assets /
fixtures and
fittings EUR 737,034.90
Financial assets EUR 364,941.59
Shares in participations
/
subsidiaries and the
like EUR 364,941.59
Shares in related
companies EUR 153,725.59
Shares in investee
companies EUR 211,216.00
Current assets EUR 24,586,894.86
Stocks EUR 10,060,463.22
Raw materials,
consumables and
supplies EUR 4,628,014.89
Finished goods / work in
progress EUR 7,024,197.50
Advance payments
made EUR 450,000.11
Minus received advance
payments for
orders / installments
for stocks EUR -2,041,749.28
Accounts receivable EUR 14,338,820.75
Trade debtors EUR 7,070,835.03
Amounts due from related
companies EUR 6,458,909.81
Other debtors and
assets EUR 809,075.91
Liquid means EUR 187,610.89
Remaining other assets EUR 860,968.64
Accruals (assets) EUR 446,245.29
Deferred taxes
(assets) EUR 414,723.35
LIABILITIES EUR 28,446,463.82
Shareholders' equity EUR 7,448,469.28
Capital EUR 3,500,000.00
Subscribed capital
(share capital) EUR 3,500,000.00
Reserves EUR 261,350.00
Capital reserves EUR 261,350.00
Balance sheet profit/loss
(+/-) EUR 3,687,119.28
Profit / loss brought
forward EUR 3,301,160.35
Annual surplus / annual
deficit EUR 385,958.93
Provisions EUR 15,025,501.66
Pension provisions and
comparable
provisions EUR 11,792,945.00
Provisions for taxes EUR 281,374.24
Other / unspecified
provisions EUR 2,951,182.42
Liabilities EUR 5,972,492.88
Financial debts EUR 223,737.24
Liabilities due to
banks EUR 223,737.24
Other liabilities EUR 5,748,755.64
Trade creditors (for IAS
incl. bills
of exchange) EUR 1,948,287.52
Unspecified other
liabilities EUR 3,800,468.12
thereof liabilities
from tax /
financial
authorities EUR 20,393.82
thereof liabilities
from social
security EUR 74,010.92
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 53,723,714.14
Inventory change + own
costs (+/-) EUR 140,156.57
Inventory change
(+/-) EUR 127,140.10
Capitalised own
costs EUR 13,016.47
Other operating
income EUR 918,726.69
Cost of materials EUR 26,268,936.50
Raw materials and
supplies, purchased
goods EUR 24,526,767.43
Purchased services EUR 1,742,169.07
Gross result (+/-) EUR 28,513,660.90
Staff expenses EUR 19,013,264.29
Wages and salaries EUR 14,717,253.28
Social security
contributions and
expenses for pension
plans and
benefits EUR 4,296,011.01
Total depreciation EUR 697,522.38
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 697,522.38
Other operating
expenses EUR 7,520,496.08
Operating result from
continuing
operations EUR 1,282,378.15
Interest result (+/-) EUR -912,570.59
Interest and similar
income EUR 44,326.64
Interest and similar
expenses EUR 956,897.23
Financial result
(+/-) EUR -912,570.59
Result from ordinary
operations (+/-) EUR 369,807.56
Extraordinary
expenses EUR 71,001.00
Extraordinary result
(+/-) EUR -71,001.00
Expenses for transfer of
profits to a
parent company EUR 18,237.40
Income tax / refund of
income tax (+/-)EUR 130,303.51
Other taxes / refund of
taxes EUR -24,913.74
Tax (+/-) EUR 105,389.77
Annual surplus / annual
deficit EUR 385,958.93
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.