|
Report Date : |
31.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
F.
LINSTER & CO. GMBH |
|
|
|
|
Registered Office : |
Zeppelinstr.
16-18 D 84544 Aschau |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
09.01.1985 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Wholesale
of iron ores, iron, steel and iron and steel semi-finished goods |
|
|
|
|
No. of Employees |
54 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
|
Source
: CIA |
F. LINSTER & CO. GMBH
Company Status: active
Zeppelinstr. 16-18
D 84544 Aschau
Telephone:08638/9560
Telefax: 08638/2131
Homepage: www.linster.de
E-mail: n.herden@linster.de
VAT no.: DE811239091
Tax ID number: 141/167/50806
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1952
Shareholders'
agreement: 09.01.1985
Registered on: 16.04.1985
Commercial Register: Local court 83278 Traunstein
under:
HRB 4235
Share capital: EUR 613,550.25
Shareholder:
Thomas Linster
Lärchenstr. 1
D 84544 Aschau
born: 14.03.1956
Share: EUR 204,516.75
Shareholder:
Alexander Linster
Lärchenstr. 1
D 84544 Aschau
born: 29.09.1960
Share: EUR 204,516.75
Shareholder:
Gabriele Petri
D 84544 Aschau
born: 21.03.1952
Share: EUR 204,516.75
Manager:
Thomas Linster
Lärchenstr. 1
D 84544 Aschau
having sole power of
representation
born: 14.03.1956
Profession: Businessman
Marital status: married
Manager:
Alexander Linster
Lärchenstr. 1
D 84544 Aschau
having sole power of
representation
born: 29.09.1960
Profession: Businessman
Marital status: married
Proxy:
Franz Pfeiffer
D 84478 Waldkraiburg
born: 25.06.1965
Proxy:
Norbert Herden
D 84478 Waldkraiburg
born: 12.12.1963
Further functions/participations of Thomas
Linster (Manager)
Shareholder:
SL Piping GmbH
Im Hock 10-12
D 40721 Hilden
Legal form: Private
limited company
Share capital: EUR 100,000.00
Share: EUR 26,250.00
Registered
on:
19.03.2004
Reg. data: 40227 Düsseldorf, HRB 50401
Shareholder:
LST Linster Stainless
Trading GmbH
Im Hock 10-12
D 40721 Hilden
Legal form: Private
limited company
Share capital: EUR 75,000.00
Share: EUR 25,000.00
Registered
on: 19.10.2000
Reg. data: 40227 Düsseldorf, HRB 39675
Manager:
BOWA GmbH Apparate- und
Behälterbau
Liebigstr. 2
D 84544 Aschau
Legal form: Private
limited company
Share capital: EUR 255,645.94
Registered
on: 15.03.1948
Reg. data: 83278 Traunstein, HRB 79
Further functions/participations of Alexander
Linster (Manager)
Shareholder:
SL Piping GmbH
Im Hock 10-12
D 40721 Hilden
Legal form: Private
limited company
Share capital: EUR 100,000.00
Share: EUR 26,250.00
Registered
on: 19.03.2004
Reg. data: 40227 Düsseldorf, HRB 50401
Shareholder:
LST Linster Stainless
Trading GmbH
Im Hock 10-12
D 40721 Hilden
Legal form: Private
limited company
Share capital: EUR 75,000.00
Share: EUR 25,000.00
Registered
on: 19.10.2000
Reg. data: 40227 Düsseldorf, HRB 39675
Manager:
BOWA GmbH Apparate- und
Behälterbau
Liebigstr. 2
D 84544 Aschau
Legal form: Private
limited company
Share capital: EUR 255,645.94
Registered
on: 15.03.1948
Reg. data: 83278 Traunstein, HRB 79
Main industrial sector
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished goods
Shareholder:
BOWA GmbH Apparate- und
Behälterbau
Liebigstr. 2
D 84544 Aschau
Legal form: Private
limited company
Company Status: active
Share capital: EUR
255,645.94
Share: EUR 240,307.18
Reg. data: 15.03.1948
Local court
83278 Traunstein
HRB 79
Payment
experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Zeppelinstr.
16-18
D 84544 Aschau
Land register documents were not available.
Principal bank
COMMERZBANK, 84465 WALDKRAIBURG
Sort. code: 71142041
BIC: COBADEFFXXX
Further banks
SPARKASSE ALTÖTTING-MÜHLDORF, 84544 ASCHAU A.
INN
Sort. code: 71151020
BIC: BYLADEM1MDF
VR MEINE RAIFFEISENBANK, 84496 ALTÖTTING
Sort. code: 71061009
BIC: GENODEF1AOE
Profit: 2012 EUR 1,440,034.00
Equipment: EUR 230,499.00
Ac/ts receivable: EUR 2,804,874.00
Liabilities: EUR 2,580,324.00
Employees:
54
- thereof permanent
staff:
54
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 77.91
Liquidity ratio: 10.00
Return on total capital
[%]: 7.61
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 69.83
Liquidity ratio: 1.71
Return on total capital
[%]: 3.31
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 83.53
Liquidity ratio: 3.62
Return on total capital [%]: 8.82
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: 01.01.2012 - 31.12.2012
ASSETS EUR 18,922,647.58
Fixed assets EUR 1,971,116.78
Intangible assets EUR 16,738.75
Concessions, licences,
rights EUR 16,738.75
Tangible assets EUR 542,861.08
Land / similar
rights EUR 312,353.20
Plant / machinery EUR 9.00
Other tangible assets /
fixtures and
fittings EUR 230,498.88
Financial assets EUR 1,411,516.95
Shares in participations
/
subsidiaries and the
like EUR 1,411,516.95
Shares in related
companies EUR 1,411,516.95
Current assets EUR 16,949,707.80
Stocks EUR 11,044,000.00
Finished goods / work in
progress EUR 11,044,000.00
Accounts receivable EUR 2,804,873.63
Trade debtors EUR 2,182,858.64
Amounts due from related
companies EUR 404,064.17
Other debtors and
assets EUR 217,950.82
Liquid means EUR 3,100,834.17
Remaining other
assets EUR 1,823.00
Accruals (assets) EUR 1,823.00
LIABILITIES EUR 18,922,647.58
Shareholders' equity EUR 14,741,891.95
Capital EUR 613,550.26
Subscribed capital
(share capital) EUR 613,550.26
Reserves EUR 3,508,409.78
Capital reserves EUR 3,507,588.59
Retained earnings /
revenue reserves EUR
821.19
Balance sheet profit/loss
(+/-) EUR 10,619,931.91
Profit / loss brought
forward EUR 9,179,898.08
Annual surplus / annual
deficit EUR 1,440,033.83
Provisions EUR 1,600,431.90
Pension provisions and
comparable
provisions EUR 412,174.00
Provisions for taxes EUR 182,120.13
Other / unspecified
provisions EUR 1,006,137.77
Liabilities EUR 2,580,323.73
Other liabilities EUR 2,580,323.73
Trade creditors (for IAS
incl. bills
of exchange) EUR 1,907,566.66
Notes payable EUR 316,942.71
Liabilities from
received advance
payments EUR 2,704.53
Unspecified other
liabilities EUR 353,109.83
thereof liabilities
from tax /
financial
authorities EUR 48,648.99
thereof liabilities
from social
security EUR 21,685.08
Guarantees and other
commitments EUR 1,000,000.00
Guarantees /
warranties EUR 1,000,000.00
Guarantees EUR 1,000,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 36,555,204.45
Other operating
income EUR 605,177.57
Cost of materials EUR 28,600,556.41
Raw materials and
supplies, purchased
goods EUR 28,473,038.09
Purchased services EUR 127,518.32
Gross result (+/-) EUR 8,559,825.61
Staff expenses EUR 3,313,451.48
Wages and salaries EUR 2,854,448.86
Social security
contributions and
expenses for pension
plans and
benefits EUR 459,002.62
Total depreciation EUR 113,103.70
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 113,103.70
Other operating
expenses EUR 3,129,892.74
Operating result from
continuing
operations EUR 2,003,377.69
Interest result (+/-) EUR -24,884.55
Interest and similar
income EUR 35,413.07
Interest and similar
expenses EUR 60,297.62
Financial result
(+/-) EUR -24,884.55
Result from ordinary
operations (+/-) EUR 1,978,493.14
Income tax / refund of
income tax (+/-)EUR -532,596.46
Other taxes / refund of
taxes EUR -5,862.85
Tax (+/-) EUR -538,459.31
Annual surplus / annual
deficit EUR 1,440,033.83
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 19,110,913.72
Fixed assets EUR 2,230,634.03
Intangible assets EUR 9,978.00
Concessions, licences,
rights EUR 9,978.00
Tangible assets EUR 609,139.08
Land / similar rights EUR 312,353.20
Plant / machinery EUR 103.00
Other tangible assets /
fixtures and
fittings EUR 296,682.88
Financial assets EUR 1,611,516.95
Shares in participations
/
subsidiaries and the
like EUR 1,411,516.95
Shares in related
companies EUR 1,411,516.95
Other loans EUR 200,000.00
Current assets EUR 16,875,859.04
Stocks EUR 11,748,000.00
Other / unspecified
stocks EUR 11,748,000.00
Accounts receivable EUR 2,370,818.94
Trade debtors EUR 1,989,089.79
Amounts due from related
companies EUR 99,340.29
Other debtors and
assets EUR 282,388.86
Liquid means EUR 2,757,040.10
Remaining other
assets EUR 4,420.65
Accruals (assets) EUR 4,420.65
LIABILITIES EUR 19,110,913.72
Shareholders' equity EUR 13,301,858.12
Capital EUR 613,550.26
Subscribed capital
(share capital) EUR 613,550.26
Reserves EUR 3,508,409.78
Capital reserves EUR 3,507,588.59
Retained earnings /
revenue reserves EUR
821.19
Balance sheet profit/loss
(+/-) EUR 9,179,898.08
Profit / loss brought
forward EUR 8,546,848.12
Annual surplus / annual
deficit EUR 633,049.96
Provisions EUR 1,619,572.70
Pension provisions and
comparable
provisions EUR 388,967.00
Provisions for taxes EUR 556,212.09
Other / unspecified
provisions EUR 674,393.61
Liabilities EUR 4,189,482.90
Financial debts EUR 1,262,430.56
Liabilities due to
banks EUR 750,000.00
Other / unspecified
financial debts EUR 512,430.56
Other liabilities EUR 2,927,052.34
Trade creditors (for IAS
incl. bills
of exchange) EUR 772,953.78
Liabilities from
received advance
payments EUR 2,041,601.27
Liabilities due to
shareholders EUR 42,711.50
Unspecified other
liabilities EUR 69,785.79
thereof liabilities
from tax /
financial
authorities EUR 48,648.99
thereof liabilities
from social
security EUR 20,270.68
Guarantees and other
commitments EUR 500,000.00
Guarantees /
warranties EUR 500,000.00
Guarantees EUR 500,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 35,583,036.98
Other operating
income EUR 399,603.10
Cost of materials EUR 29,451,802.68
Raw materials and
supplies, purchased
goods EUR 29,208,395.45
Purchased services EUR 243,407.23
Gross result (+/-) EUR 6,530,837.40
Staff expenses EUR 3,053,082.73
Wages and salaries EUR 2,643,388.80
Social security
contributions and
expenses for pension
plans and
benefits EUR 409,693.93
Total depreciation EUR 126,465.59
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 126,465.59
Other operating
expenses EUR 2,499,099.44
Operating result from
continuing
operations EUR 852,189.64
Interest result (+/-) EUR 25,573.80
Interest and similar
income EUR 76,474.30
Interest and similar
expenses EUR
50,900.50
Financial result
(+/-) EUR 25,573.80
Result from ordinary
operations (+/-) EUR 877,763.44
Income tax / refund of
income tax (+/-)EUR -239,683.87
Other taxes / refund of taxes EUR -5,029.61
Tax (+/-) EUR -244,713.48
Annual surplus / annual
deficit EUR 633,049.96
Inconsistent balance sheets:
Financial year published on
01.01.2009 - 31.12.2009 16.09.2010
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.48 |
|
|
1 |
Rs.100.35 |
|
Euro |
1 |
Rs.79.86 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.