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Report Date : |
18.01.2014 |
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Tel. No.: |
+49 (0) 4193 7548-0/ +49 (0) 171681074 |
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Fax No.: |
+49 (0) 4193 7548-279 |
IDENTIFICATION DETAILS
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Name : |
LORENTZ VERTRIEBS GMBH |
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Registered Office : |
Krögerskoppel 7,
D 24558 Henstedt-Ulzburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
15.12.2011 |
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Com. Reg. No.: |
HRB 13542 KI |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Agents involved in the sale of machines (except agricultural machinery and office machinery) and industrial supplies · Agents involved in the sale of electrotechnical and electronical products · Wholesaler of other equipment and accessories for machinery and technical supplies · Engineering activities in the field of technical sectoral planning and engineering design |
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No. of Employees : |
Not Available |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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 |
LORENTZ Vertriebs GmbH
Krögerskoppel 7
D 24558
Henstedt-Ulzburg
active
LEGAL FORM Private
limited company
Date of foundation: 15.12.2011
Shareholders'
agreement: 15.12.2011
Registered on: 29.12.2011
Commercial Register: Local court 24114 Kiel
under: HRB
13542 KI
Share capital: EUR 25,000.00
Lorentz
Beteiligungs GbR
D 24558
Henstedt-Ulzburg
Legal form:
Partnership under the Civil Code
Share: EUR 25,000.00
Bernt Lorentz
RC Shenzhen
having sole power
of representation
born: 16.04.1967
Nationality:
Chinese
Oliver Nave
Am Hasenberg 21
D 24568 Nützen
having sole power
of representation
born: 05.11.1968
Profession:
Businessman
Proxy:
Stephan Johann
Grinzinger
D 22941
Bargteheide
having sole power
of representation
born: 26.11.1966
Further functions/participations of Bernt
Lorentz (Manager)
General partner:
Lorentz
Beteiligungs GbR
D 24558
Henstedt-Ulzburg
Legal form:
Partnership under the Civil Code
Sectors
46141
Agents involved in the sale of machines (except agricultural machinery and
office machinery) and industrial supplies n.e.c.
46149
Agents involved in the sale of electrotechnical and electronical
products n.e.c.
46693
Wholesaler of other equipment and accessories for machinery and
technical supplies
71122
Engineering activities in the field of technical sectoral planning and engineering
design
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Krögerskoppel
7
D 24558 Henstedt-Ulzburg
Land register documents were not available.
A bank connection is unknown.
Profit:
2012 EUR 213,859.00
Ac/ts receivable: EUR 65.00
Liabilities: EUR 164,934.00
The number of employees is not known.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 46.40
Liquidity ratio: 10.00
Return on total capital [%]: 41.71
Balance sheet ratios 15.12.2011 - 31.12.2011
Equity ratio [%]: 95.69
Liquidity ratio: 10.00
Return on total capital [%]: -3.94
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 512,669.66
Fixed
assets EUR 7,187.91
Financial
assets EUR 7,187.91
Other /
unspecified financial assets EUR
7,187.91
Current
assets EUR 505,481.75
Accounts
receivable EUR 64.82
Other debtors and assets EUR 64.82
Liquid
means EUR 505,416.93
LIABILITIES EUR 512,669.66
Shareholders'
equity EUR 237,870.80
Capital EUR 25,000.00
Subscribed
capital (share capital) EUR 25,000.00
Balance
sheet profit/loss (+/-) EUR 212,870.80
Profit /
loss brought forward EUR -987.90
Annual
surplus / annual deficit EUR 213,858.70
Provisions EUR 109,865.03
Liabilities EUR 164,933.83
Other
liabilities EUR 164,933.83
Unspecified
other liabilities EUR 164,933.83
Type of balance
sheet:
Company balance sheet
Financial year:
15.12.2011 - 31.12.2011
ASSETS EUR 25,094.17
Current
assets EUR 25,094.17
Accounts
receivable EUR 94.37
Other
debtors and assets EUR 94.37
Liquid
means EUR 24,999.80
LIABILITIES EUR 25,094.17
Shareholders'
equity EUR 24,012.10
Capital EUR 25,000.00
Subscribed
capital (share capital) EUR 25,000.00
Balance
sheet profit/loss (+/-) EUR -987.90
Annual
surplus / annual deficit EUR -987.90
Provisions EUR 300.00
Other /
unspecified provisions EUR 300.00
Liabilities EUR 782.07
Other
liabilities EUR 782.07
Unspecified
other liabilities EUR 782.07
There may have been some changes since our last
research took place. Therefore, a freshly researched report will follow shortly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.35 |
|
|
1 |
Rs.100.21 |
|
Euro |
1 |
Rs.83.52 |
INFORMATION DETAILS
|
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 |
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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 |
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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 |
|
<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.