MIRA INFORM REPORT

 

 

Report Date :

06.04.2014

 

IDENTIFICATION DETAILS

 

Name :

LAY GEWÜRZE OHG

 

 

Registered Office :

Im Oberen Weidig 2, D 98631 Grabfeld

 

 

Country :

Germany

 

 

Year of Establishments:

1920

 

 

Com. Reg. No.:

HRA 501264

 

 

Legal Form :

General Partnership

 

 

Line of Business :

·         Subject offers a wide range of Spice Blends, Compounds, Convenience solutions and other products to complete production, refining our sausage as well as meat products.

·         Wholesaler of coffee, tea, cocoa and spices

·         Wholesaler of food

·         Engaged in non-specialized sale of miscellaneous goods with food, beverages or tobacco predominating

 

 

No. of Employees

108

 

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 – december 01, 2013

 

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

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

 

 

 

 

 

 

Concern name & address

 

Lay Gewürze oHG

 

Im Oberen Weidig 2

D 98631 Grabfeld

Telephone:        036944/5210

Telefax:            036944/521333

Homepage:       www.lay-gewuerze.de

E-mail:              info@lay-gewuerze.de

 

 

Concern Status

 

active

 

 

VAT no

 

DE219381366

 

 

Tax ID number

 

171/158/24007

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               General Partnership

Date of foundation:       1920

Registered on:              15.01.2009

Register of

companies:                   Local court 07745 Jena

under:                                       HRA 501264

 

General partner

 

Lay Beteiligungs-GmbH

Im Oberen Weidig 2

D 98631 Grabfeld

Legal form: Private limited company

Share capital:     EUR            100,000.00

Registered on: 08.01.2009

Reg. data: 07745 Jena, HRB 503352

 

Shareholder

 

Karl-Heinz Dittmer

Carl-Diem-Str. 25

D 97688 Bad Kissingen

born: 11.08.1954

Share:             EUR            100,000.00

 

 

Manager

 

Karl-Heinz Dittmer

Carl-Diem-Str. 25

D 97688 Bad Kissingen

having sole power of representation

born: 11.08.1954

Profession: Businessman

Marital status: married

 

Proxy

 

Günter Schmitt

Steinmauer 4

D 97688 Bad Kissingen

having sole power of representation

born: 21.05.1960 in Bad Kissingen

General partner

 

Brigitte Dittmer

Carl-Diem-Str. 25

D 97688 Bad Kissingen

born: 08.08.1957

Profession: Businessman

Marital status: married

 

Further functions/participations of Brigitte Dittmer (General partner)

 

Limited partner:

                      Conserv.-Salz-Fabrik Gebrüder Lay GmbH & Co.

                      KG

                      Im Oberen Weidig 2

                      D 98631 Grabfeld

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR            250,000.00

                      contribution:

                      Share:             EUR             15,000.00

                      Registered

                      on:         20.01.2009

                      Reg. data:  07745 Jena, HRA 501272

 

 

CONCERN HISTORY

 

 24.09.2001 - 15.01.2009  Lay Gewürze oHG

                          Minnesängerstr. 3

                          D 97688 Bad Kissingen

                          General Partnership

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

·         Subject offers a wide range of Spice Blends, Compounds, Convenience solutions and other products to complete production, refining our sausage as well as meat products.

·         Wholesaler of coffee, tea, cocoa and spices

·         Wholesaler of food

·         Engaged in non-specialized sale of miscellaneous goods with food, beverages or tobacco predominating

 

FINANCIAL INFORMATION

 

 Payment experience:    within agreed terms

 

 Negative information:   We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:        proprietor

 Share:                          100.00 %

 Address                       Im Oberen Weidig 2

                                    D 98631 Grabfeld

 

 Real Estate of:             Lay Beteiligungs-GmbH

 Type of ownership:       Tenant

 Address                       Im Oberen Weidig 2

                                    D 98631 Grabfeld

 

Land register documents were not available.

 

 

BANKERS

 

Principal banks

SPARKASSE BAD KISSINGEN, 97667 BAD KISSINGEN

Sort. code: 79351010, Account no.: 42556

BIC: BYLADEM1KIS, IBAN: DE60793510100000042556

 

UNICREDIT BANK - HYPOVEREINSBANK, 97688 BAD KISSINGEN

Sort. code: 79320075, Account no.: 347162604

BIC: HYVEDEMM451, IBAN: DE21793200750347162604

 

POSTBANK, 90322 NÜRNBERG, MITTELFR

Sort. code: 76010085, Account no.: 5976858

BIC: PBNKDEFFXXX, IBAN: DE19760100850005976858

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2012               EUR         19,100,000.00

                      2013               EUR         19,200,000.00

 further business figures:

 Equipment:                              EUR            873,800.00

 Ac/ts receivable:                       EUR          2,434,000.00

 Liabilities:                            EUR          1,994,000.00

 Total numbers of vehicles:                                     30

 - Lorries:                                                      3

 - Passenger cars:                                              27

 Employees:                                                    108

 - thereof permanent staff:                                     93

 - Part-time employees:                                          8

 - Trainees:                                                     7

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.32

UK Pound

1

Rs.100.04

Euro

1

Rs.82.65

                

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

MNL

               

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.