|
Report Date : |
30.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
LOI THERMPROCESS GMBH |
|
|
|
|
Registered Office : |
Am Lichtbogen 29 D 45141 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.06.2012 |
|
|
|
|
Date of Incorporation : |
27.10.2005 |
|
|
|
|
Com. Reg. No.: |
HRB 19602 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Manufacture
of other electric equipment n.e.c. ·
Manufacture
of other general-purpose machinery ·
Construction
of chimneys, furnaces and industrial furnaces ·
Engineering
activities in the field of technical sectoral planning andengineering design |
|
|
|
|
No. of Employees |
287 |
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
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 |
LOI THERMPROCESS GMBH
Company Status: active
Am Lichtbogen 29
D 45141 Essen
Post Box:
10 24 51, D 45024 Essen
Telephone:0201/18911
Telefax:
0201/18921321
Homepage: www.loi.de
E-mail:
loi@tenova.com
VAT no.: DE814711925
Tax ID number: 111/5700/2260
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 27.10.2005
Shareholders'
agreement: 27.10.2005
Registered on: 10.12.2006
Commercial Register: Local court 45130 Essen
under: HRB
19602
Share capital: EUR 12,000,000.00
Shareholder:
TENOVA S.p.A.
Via Monte Rosa 93
I - Milano
Legal form: Other legal
form
Share: EUR 12,000,000.00
Manager:
Dr. Georg Bletschacher
D 45127 Essen
authorized to jointly
represent the company
born: 02.11.1964
Profession: Businessman
Manager:
Dr. Karl Nolte
Ostpreußenstr. 48
D 45259 Essen
authorized to jointly
represent the company
born: 09.02.1954
Manager:
Erik Micek
D 45141 Essen
born: 23.03.1968
Proxy:
Dr. Peter Wendt
D 45128 Essen
authorized to jointly
represent the company
born: 23.12.1960
Further
functions/participations of Dr. Georg Bletschacher
(Manager)
Manager:
TENOVA ITALIMPIANTI
DEUTSCHLAND GMBH
Graf-Adolf-Platz 6
D 40213 Düsseldorf
Post Box:
20 07 01, D 40104
Düsseldorf
Legal form: Private
limited company
Share capital: EUR 511,291.88
Registered
on: 14.10.2004
Reg. data: 40227 Düsseldorf, HRB 50626
Manager:
Metall Technologie
Holding GmbH
Holzener Str. 39
D 58708 Menden
Post Box:
33 57,
Menden
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 24.04.2007
Reg. data: 59821 Arnsberg, HRB 7866
Manager:
Unternehmensverwaltungsgesellschaft
Tramontane GmbH
Holzener Str. 39
D 58708 Menden
Legal form: Private limited
company
Share capital: EUR 149,000.00
Registered
on: 17.04.2007
Reg. data: 59821 Arnsberg, HRB 7856
09.12.2005 - 03.08.2006 Demokritos Vermögensverwaltung GmbH
Kardinal-Faulhaber-Str. 10
D 80333 München
Private limited
company
04.08.2006 - 04.08.2006 LOI Holding GmbH
Graf-Adolf-Platz 6
D 40213 Düsseldorf
Private limited
company
09.10.2006 - 24.10.2006 LOI Holding GmbH
Graf-Adolf-Platz 6
D 40213 Düsseldorf
Private limited
company
24.10.2006 - 10.12.2006 LOI Thermproccess GmbH
Graf-Adolf-Platz 6
D 40213 Düsseldorf
Private limited
company
10.12.2006 - 13.12.2006 LOI Thermproccess GmbH
Am Lichtbogen 29
D 45141 Essen
Private limited
company
12.02.2008 - 13.12.2011 Manager
Dr. Hermann Stumpp
D 45527 Hattingen
Main industrial sector
27900
Manufacture of other electric equipment n.e.c.
28290
Manufacture of other general-purpose machinery
43992
Construction of chimneys, furnaces and industrial furnaces
71122
Engineering activities in the field of technical sectoral planning
andengineering design
General
partner:
Grundstücksverwaltung LBH
GmbH & Co. OHG
Am Lichtbogen 29
D 45141 Essen
Legal form: General
partnership with private
limited
company as partner
Company Status: active
Reg. data: 19.12.1988
Local court
45130 Essen
HRA 5987
Shareholder:
Unternehmensverwaltungsgesellschaft
Tramontane GmbH
Holzener Str. 39
D 58708 Menden
Legal form: Private
limited company
Company Status: active
Share capital: EUR 149,000.00
Share: EUR 149,000.00
Reg. data: 17.04.2007
Local court
59821 Arnsberg
HRB 7856
Payment experience: within
periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2011/2012
Type of ownership: Tenant
Address Am
Lichtbogen 29
D 45141 Essen
Land register documents were not available.
COMMERZBANK, 45116 ESSEN, RUHR
Sort. code: 36040039, Account no.: 1324490
BIC: COBADEFFXXX, IBAN: DE71360400390132449000
UNICREDIT BANK - HYPOVEREINSBANK, 40212
DÜSSELDORF
Sort. code: 30220190, Account no.: 364084951
BIC: HYVEDEMM414, IBAN: DE83302201900364084951
Turnover: 2011/2012 EUR 85,311,659.00
2012/2013 EUR 115,315,492.00
Profit: 2011/2012 EUR 618,460.00
2012/2013 EUR 12,555,028.00
further business figures:
Equipment: EUR 1,410,713.00
Ac/ts receivable: EUR 9,994,927.00
Liabilities: EUR 72,096,259.00
Employees:
287
-
Trainees:
2
Balance sheet ratios 01.07.2011 - 30.06.2012
Equity ratio [%]: 12.11
Liquidity ratio: 0.17
Return on total capital [%]: 0.67
Balance sheet ratios 01.07.2010 - 30.06.2011
Equity ratio [%]: 21.24
Liquidity ratio: 0.25
Return on total capital [%]: 5.21
Balance sheet ratios 01.07.2009 - 30.06.2010
Equity ratio [%]: 28.72
Liquidity ratio: 0.50
Return on total capital [%]: 17.01
Balance sheet ratios 01.07.2008 - 30.06.2009
Equity ratio [%]: 19.21
Liquidity ratio: 0.67
Return on total capital [%]: 11.13
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: 01.07.2011 - 30.06.2012
ASSETS EUR 129,587,697.63
Fixed assets
EUR 88,600,894.48
Intangible assets
EUR 15,893,670.00
Concessions, licences, rights
EUR 11,999,710.00
Goodwill
EUR 3,871,360.00
Advance payments for intang. assets
EUR 22,600.00
Tangible assets
EUR 1,410,713.22
Other tangible assets / fixtures and
fittings
EUR 1,410,713.22
Financial assets
EUR 71,296,511.26
Shares in participations /
subsidiaries and the like
EUR 20,003,865.76
Shares in related companies
EUR 20,003,865.25
Shares in investee companies
EUR 0.51
Loans to participations /
subsidiaries and the like
EUR 15,000,000.00
Loans to related companies
EUR 15,000,000.00
Securities included in fixed assets
EUR 36,279,850.00
Other loans EUR 12,795.50
Current assets
EUR 40,386,166.63
Stocks
EUR 13,285,355.16
Raw materials, consumables and
supplies
EUR 428,773.08
Finished goods / work in progress
EUR 130,515,393.17
Advance payments made
EUR 4,705,156.50
Minus received advance payments for
orders / installments for stocks
EUR -122,363,967.59
Accounts receivable
EUR 9,994,926.81
Trade debtors
EUR 2,427,034.41
Amounts due from related companies
EUR 1,629,707.11
Other debtors and assets
EUR 5,938,185.29
Liquid means
EUR 17,105,884.66
Remaining other assets
EUR 600,636.52
Accruals (assets)
EUR 600,636.52
LIABILITIES EUR
129,587,697.63
Shareholders' equity
EUR 19,609,814.73
Capital
EUR 12,000,000.00
Subscribed capital (share capital)
EUR 12,000,000.00
Reserves EUR 236,730.31
Capital reserves
EUR 236,730.31
Balance sheet profit/loss (+/-)
EUR 7,373,084.42
Profit / loss brought forward
EUR 6,754,624.01
Annual surplus / annual deficit
EUR 618,460.41
Provisions
EUR 34,790,668.69
Pension provisions and comparable
provisions
EUR 20,774,285.00
Provisions for taxes EUR 646,767.50
Other / unspecified provisions
EUR 13,369,616.19
Liabilities
EUR 72,096,258.70
Other liabilities
EUR 72,096,258.70
Trade creditors (for IAS incl. bills
of exchange)
EUR 6,709,460.61
Liabilities from received advance
payments
EUR 57,615,400.16
Liabililties due to related companiesEUR 6,878,998.68
Unspecified other liabilities
EUR 892,399.25
Other liabilities
EUR 3,090,955.51
Deferred taxes (not included under
provisions/liabilities)
EUR 3,090,955.51
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 85,311,658.77
Inventory change + own costs (+/-)
EUR 22,155,387.16
Inventory change (+/-)
EUR 22,155,387.16
Other operating income
EUR 2,744,253.78
Cost of materials
EUR 71,453,907.81
Raw materials and supplies, purchased
goods
EUR 50,721,000.66
Purchased services EUR 20,732,907.15
Gross result (+/-)
EUR 38,757,391.90
Staff expenses
EUR 25,276,487.81
Wages and salaries
EUR 21,953,962.55
Social security contributions and
expenses for pension plans and
benefits
EUR 3,322,525.26
Total depreciation
EUR 2,221,136.74
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,221,136.74
Other operating expenses
EUR 11,624,767.13
Operating result from continuing
operations
EUR -364,999.78
Result from participating interests
(+/-)
EUR 8,913.58
Expenses / income from participations EUR 8,913.58
Income from related companies
EUR 8,913.58
Interest result (+/-)
EUR 402,369.76
Interest and similar income
EUR 1,879,586.20
Interest and similar expenses
EUR 1,477,216.44
Other financial result
EUR -187,533.40
Income from securities and loans from
financial assets
EUR 440,516.60
Depreciation on financial assets and
marketable securities
EUR 628,050.00
Financial result (+/-) EUR 223,749.94
Result from ordinary operations (+/-)
EUR -141,249.84
Extraordinary expenses
EUR 220,158.00
Extraordinary result (+/-)
EUR -220,158.00
Income tax / refund of income tax (+/-)EUR 982,587.68
Other taxes / refund of taxes
EUR -2,719.43
Tax (+/-)
EUR 979,868.25
Annual surplus / annual deficit
EUR 618,460.41
Type of balance
sheet: Company balance sheet
Financial year: 01.07.2010 - 30.06.2011
ASSETS EUR 143,853,869.70
Fixed assets
EUR 91,864,461.44
Intangible assets
EUR 17,595,496.83
Concessions, licences, rights
EUR 13,294,725.00
Goodwill
EUR 4,291,160.00
Advance payments for intang. assets
EUR 9,611.83
Tangible
assets EUR 1,325,553.75
Other tangible assets / fixtures and
fittings
EUR 1,325,553.75
Financial assets
EUR 72,943,410.86
Shares in participations /
subsidiaries and the like
EUR 20,003,865.76
Shares in related companies
EUR 20,003,865.25
Shares in investee companies
EUR 0.51
Loans to participations /
subsidiaries and the like
EUR 15,000,000.00
Loans to related companies
EUR 15,000,000.00
Securities included in fixed assets
EUR 37,924,250.00
Other loans
EUR 15,295.10
Current assets
EUR 51,317,621.72
Stocks
EUR 17,957,083.76
Raw materials, consumables and
supplies
EUR 405,761.22
Finished goods / work in progress
EUR 108,360,006.01
Advance payments made
EUR 5,115,909.00
Minus received advance payments for
orders / installments for stocks
EUR -95,924,592.47
Accounts receivable EUR 10,647,959.19
Trade debtors
EUR 4,941,041.99
Amounts due from related companies
EUR 1,554,440.61
Other debtors and assets
EUR 4,152,476.59
Liquid means EUR 22,712,578.77
Remaining other assets
EUR 671,786.54
Accruals (assets)
EUR 671,786.54
LIABILITIES EUR 143,853,869.70
Shareholders' equity
EUR 30,991,354.32
Capital
EUR 12,000,000.00
Subscribed capital (share capital)
EUR 12,000,000.00
Reserves
EUR 236,730.31
Capital reserves
EUR 236,730.31
Balance sheet profit/loss (+/-)
EUR 18,754,624.01
Profit / loss brought forward
EUR 11,627,429.17
Annual surplus / annual deficit
EUR 7,127,194.84
Provisions
EUR 39,818,846.91
Pension provisions and comparable
provisions
EUR 20,582,407.00
Provisions for taxes
EUR 5,164,580.91
Other
/ unspecified provisions EUR 14,071,859.00
Liabilities
EUR 68,675,092.52
Other liabilities
EUR 68,675,092.52
Trade creditors (for IAS incl. bills
of exchange) EUR 6,178,451.06
Liabilities from received advance
payments
EUR 53,487,524.94
Liabililties due to related companiesEUR 8,021,341.49
Unspecified other liabilities EUR 987,775.03
Other liabilities
EUR 4,368,575.95
Deferred taxes (not included under
provisions/liabilities)
EUR 4,368,575.95
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 86,442,490.95
Inventory change + own costs (+/-)
EUR 7,130,497.36
Inventory change (+/-)
EUR 7,130,497.36
Other operating income EUR 1,760,723.88
Cost of materials
EUR 42,938,699.68
Raw materials and supplies, purchased
goods
EUR 32,732,480.23
Purchased services
EUR 10,206,219.45
Gross result (+/-)
EUR 52,395,012.51
Staff expenses
EUR 24,116,468.22
Wages and salaries
EUR 20,719,591.78
Social security contributions and
expenses for pension plans and
benefits
EUR 3,396,876.44
Total depreciation
EUR 2,331,832.68
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,331,832.68
Other operating expenses
EUR 16,828,181.24
Operating result from continuing
operations
EUR 9,118,530.37
Result from participating interests
(+/-)
EUR 52,220.18
Expenses / income from participations EUR 82,006.75
Income from related companies
EUR 82,006.75
Expenses for participations EUR 29,786.57
Expenses for other participations
EUR 29,786.57
Interest result (+/-)
EUR 544,409.88
Interest and similar income
EUR 1,934,028.53
Interest and similar expenses
EUR 1,389,618.65
Other financial result
EUR -791,170.34
Income from securities and loans from
financial assets
EUR 375,379.66
Depreciation on financial assets and
marketable securities
EUR 1,166,550.00
Financial result (+/-)
EUR -194,540.28
Result from ordinary operations (+/-)
EUR 8,923,990.09
Extraordinary income
EUR 130,878.16
Extraordinary expenses
EUR 277,043.00
Extraordinary result (+/-)
EUR -146,164.84
Income tax / refund of income tax (+/-)EUR -1,647,546.82
Other taxes / refund of taxes
EUR -3,083.59
Tax (+/-)
EUR -1,650,630.41
Annual surplus / annual deficit
EUR 7,127,194.84
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
UK Pound |
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.80.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
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.