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Report Date : |
25.08.2014 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Württembergerstr.
23 D 78567 Fridingen |
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Country : |
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Date of Incorporation : |
20.04.1964 |
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Legal Form : |
Ltd
partnership |
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Line of Business : |
·
Manufacture
of technical instruments and supplies for medical purposes ·
Wholesale
of medical and orthopedic goods, dental and laboratory supplies |
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No. of Employees |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
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, 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
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Source
: CIA |
LAWTON GMBH & CO.KG
Company Status: active
Württembergerstr. 23
D 78567 Fridingen
Telephone:07463/9965-0
Telefax: 07463/9965-20
Homepage: www.lawton.de
E-mail: info@lawton.de
VAT no.:
DE142932883
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 20.04.1964
Registered on: 30.12.1977
Register of
companies: Local court 70190 Stuttgart
under: HRA
450685
Total cap. contribution: EUR 1,700,000.00
Limited partner:
Gebrüder Martin GmbH
& Co. KG
KLS Martin Platz 1
D 78532 Tuttlingen
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 1,030,000.00
contribution:
Share: EUR 1,700,000.00
Registered on: 19.12.1928
Reg. data: 70190
Stuttgart, HRA 450196
General partner:
Qualimed Instrumente GmbH
Bahnhofstr. 124
D 78532 Tuttlingen
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered on: 17.11.1977
Reg. data: 70190
Stuttgart, HRB 450220
Shareholder:
Gebrüder Martin GmbH
& Co. KG
KLS Martin Platz 1
D 78532 Tuttlingen
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 1,030,000.00
contribution:
Share: EUR 26,000.00
Registered on: 19.12.1928
Reg. data: 70190
Stuttgart, HRA 450196
Manager:
Karl Leibinger
Tiefentalstr. 32
D 78570 Mühlheim
having sole power of representation
born: 18.06.1950
Profession: graduate
engineer
Marital status: married
Manager:
Herbert Schmid
Kolbinger Str. 4
D 78570 Mühlheim
having sole power of
representation
born: 21.08.1931
Profession: Businessman
Marital status: married
Manager:
Reiner Haag
D 78549 Spaichingen
Marital status: unknown
Proxy:
Roland Rückert
D 78567 Fridingen
having sole power of
representation
08.06.1998 - 29.01.2001 Lawton GmbH & Co.KG
Bahnhofstr. 124
D 78532 Tuttlingen
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
32501
Manufacutre of technical instruments and supplies for medical purposes
46462 Wholesale of medical and orthopedic goods,
dental and laboratory supplies
Payment experience: without complaints
Negative information:We have no negative
information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Württembergerstr.
23
D 78567 Fridingen
Type of real estate: Commercial building
Real Estate of: Qualimed
Instrumente GmbH
Type of ownership: Tenant
Address Bahnhofstr.
124
D 78532 Tuttlingen
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, 78506
TUTTLINGEN
Sort. code: 64380011
BIC: DRESDEFF643
KREISSPARKASSE TUTTLINGEN, 78502 TUTTLINGEN
Sort. code: 64350070
BIC: SOLADES1TUT
Financial year: 01.01.
- 31.12.
Turnover: 2013 *EUR 8,000,000.00
Equipment: *EUR 400,000.00
Ac/ts receivable: *EUR 475,000.00
Liabilities: *EUR 775,000.00
Total numbers of
vehicles:
3
Employees:
50
The business figures marked with an asterisk
are estimates based on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.43 |
|
|
1 |
Rs.100.23 |
|
Euro |
1 |
Rs.80.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
|
|
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 |
|
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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|
-- |
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.