|
Report Date : |
23.05.2014 |
IDENTIFICATION DETAILS
|
Correct Name : |
KARL MAYER LIBA
TEXTILMASCHINENFABRIK GMBH |
|
|
|
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Registered Office : |
Oberklingensporn 1, D 95119 Naila, Post Box 11 20, D 95112 Naila |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
27.03.1947 |
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Com. Reg. No.: |
HRB 56 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Engaged in development,
manufacturing and delivery of warp knitting and technical textile machinery Manufacturer of
machinery for textile, apparel and leather production |
|
|
|
|
No of Employees : |
372 |
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 |
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|
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
KARL MAYER LIBA Textilmaschinenfabrik GmbH
Oberklingensporn 1
D 95119 Naila
Post Box:
11 20, D 95112 Naila
Telephone: 09282/670
Telefax: 09282/5737
Homepage: www.liba.de
E-mail: info@liba.de
DE132951767
223/115/90719
active
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1947
Registered on: 27.03.1947
Commercial Register: Local
court 95030 Hof
under: HRB
56
Share capital:
EUR 3,500,000.00
KARL MAYER Textilmaschinenfabrik GmbH
Brühlstr. 25
D 63179 Obertshausen
Post Box:
11 20, D 63166 Obertshausen
Legal form: Private limited company
Share capital: EUR 15,000,000.00
Share: EUR 2,800,000.00
Registered on: 01.12.1949
Reg. data: 63065 Offenbach, HRB 2203
Shareholder:
Karlheinz Liebrandt
Schlehenweg 11
D
95119 Naila
born:
31.08.1958
Share: EUR 700,000.00
Karlheinz Liebrandt
Schlehenweg 11
D 95119 Naila
authorized to jointly represent the company
born: 31.08.1958
Profession: Fully qualified engineer
Manager:
Marcus
Kube
D
44135 Dortmund
authorized to jointly represent the company
born:
30.08.1968
Further
functions/participations of Karlheinz Liebrandt (Manager)
Shareholder:
LIBA-Mitarbeiterbeteiligungs-GmbH
Oberklingensporn
D
95119 Naila
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 14.01.2003
Reg.
data: 95030 Hof, HRB 3495
Shareholder:
ROCET GmbH
Oberklingensporn 1
D
95119 Naila
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 11,250.00
Registered
on: 27.07.2007
Reg.
data: 95030 Hof, HRB 4238
27.03.1947 -
17.11.2008 Liba-Maschinenfabrik
Gesellschaft mit
beschränkter Haftung
Oberklingensporn 2-3
D
95119 Naila
Private limited company
17.11.2008 -
06.02.2014 Liba-Maschinenfabrik
Gesellschaft mit
beschränkter Haftung
Oberklingensporn 1
D
95119 Naila
Private limited company
06.01.2011 -
28.11.2013 Manager
Thomas
Liebrandt
D 95119 Naila
22.01.2009 -
28.11.2013 Manager
Herbert Igler
D 96364 Marktrodach
Main industrial sector
·
Engaged in
development, manufacturing and delivery of warp knitting and technical textile
machinery
Manufacturer of machinery for textile,
apparel and leather production
Shareholder:
LUCEM
GmbH
Prattelsackstr. 25
D
52222 Stolberg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 48,963.00
Share: EUR 4,145.00
Reg.
data: 23.05.2007
Local court 52070 Aachen
HRB 14222
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2012
Type of ownership: unknown
Address Oberklingensporn 1
D 95119 Naila
Land register documents were not available.
Principal banks
SPARKASSE HOCHFRANKEN, 95015 HOF, SAALE
Sort. code: 78050000, Account no.: 430011650
BIC: BYLADEM1HOF, IBAN: DE07780500000430011650
LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101, Account no.: 2666349
BIC: SOLADEST600, IBAN: DE94600501010002666349
Further banks
COMMERZBANK HOF SAALE, 95028 HOF, SAALE
Sort. code: 78040081, Account no.: 783722200
BIC: COBADEFF780, IBAN: DE13780400810783722200
UNICREDIT BANK - HYPOVEREINSBANK, 95011 HOF, SAALE
Sort. code: 78020070, Account no.: 1015036
BIC: HYVEDEMM424, IBAN: DE22780200700001015036
Turnover: 2012 EUR 55,627,632.00
Profit: 2012 EUR -446,604.00
Equipment: EUR 1,900,373.00
Ac/ts receivable: EUR 16,052,844.00
Liabilities: EUR 9,645,674.00
Employees: 372
-
Trainees:
34
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 22.91
Liquidity ratio: 1.85
Return
on total capital [%]: -1.12
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 30.59
Liquidity ratio: 3.08
Return on total capital [%]: 4.83
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 26.59
Liquidity ratio: 2.54
Return on total capital [%]: 1.67
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 26.37
Liquidity ratio: 6.19
Return
on total capital [%]: -2.60
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 34,538,604.89
Fixed assets
EUR 4,450,420.05
Intangible assets
EUR 33,917.00
Concessions, licences, rights
EUR 33,917.00
Tangible assets
EUR 4,051,561.46
Land / similar rights
EUR 1,509,759.56
Plant / machinery
EUR 641,429.00
Other tangible assets / fixtures and
fittings
EUR 1,900,372.90
Financial assets
EUR 364,941.59
Shares in participations /
subsidiaries and the like
EUR 364,941.59
Shares in related companies
EUR 153,725.59
Shares in investee companies
EUR 211,216.00
Current assets
EUR 29,527,897.84
Stocks EUR 12,427,200.99
Raw materials, consumables and
supplies
EUR 6,525,856.75
Finished goods / work in progress
EUR 6,023,904.87
Advance payments made EUR 441,796.20
Minus received advance payments for
orders / installments for stocks
EUR -564,356.83
Accounts receivable
EUR 16,052,844.40
thereof total due from shareholders
EUR 106,206.85
Trade debtors
EUR 12,704,825.94
Amounts due from related companies
EUR 2,919,275.61
Other debtors and assets
EUR 428,742.85
Liquid means EUR 1,047,852.45
Remaining other assets
EUR 560,287.00
Accruals (assets)
EUR 211,204.00
Deferred taxes (assets)
EUR 349,083.00
LIABILITIES EUR 34,538,604.89
Shareholders' equity
EUR 8,263,295.03
Capital
EUR 3,500,000.00
Subscribed capital (share capital)
EUR 3,500,000.00
Reserves
EUR 226,350.00
Capital reserves
EUR 226,350.00
Balance sheet profit/loss (+/-)
EUR 4,536,945.03
Profit / loss brought forward
EUR 4,983,549.39
Annual surplus / annual deficit
EUR -446,604.36
Provisions
EUR 16,594,704.95
Pension provisions and comparable
provisions
EUR 11,237,159.00
Provisions for taxes
EUR 130,728.31
Other / unspecified provisions
EUR 5,226,817.64
Liabilities
EUR 9,645,673.82
Financial debts
EUR 917,424.80
Liabilities
due to banks EUR 917,424.80
Other liabilities
EUR 8,728,249.02
Trade creditors (for IAS incl. bills
of exchange)
EUR 3,960,855.15
Unspecified other liabilities
EUR 4,767,393.87
thereof liabilities from tax /
financial authorities
EUR 943,880.73
thereof liabilities from social
security
EUR 1,558,087.36
Other liabilities
EUR 34,931.09
Deferrals (liabilities)
EUR 34,931.09
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 55,627,631.59
Inventory change + own costs (+/-)
EUR -849,645.47
Inventory change (+/-)
EUR -951,078.27
Capitalised own costs
EUR 101,432.80
Other operating income EUR 648,466.03
Cost of materials
EUR 27,810,753.81
Raw materials and supplies, purchased
goods
EUR 26,537,476.47
Purchased services
EUR 1,273,277.34
Gross result (+/-)
EUR 27,615,698.34
Staff expenses
EUR 18,232,284.26
Wages and salaries
EUR 14,547,586.06
Social security contributions and
expenses for pension plans and
benefits
EUR 3,684,698.20
Total depreciation
EUR 681,068.30
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 681,068.30
Other operating expenses
EUR 8,474,142.75
Operating result from continuing
operations
EUR 228,203.03
Result from participating interests
(+/-)
EUR 71,659.48
Expenses / income from participations EUR 71,659.48
Income from related companies
EUR 71,659.48
Interest result (+/-)
EUR -690,957.98
Interest and similar income
EUR 227,870.46
Interest and similar expenses
EUR 918,828.44
Financial result (+/-)
EUR -619,298.50
Result from ordinary operations (+/-)
EUR -391,095.47
Extraordinary expenses
EUR 65,517.00
Extraordinary result (+/-)
EUR -65,517.00
Other extraordinary income
EUR 5,906.79
thereof compensation payments to
minorities
EUR 5,906.79
Income tax / refund of income tax (+/-)EUR 28,334.06
Other taxes / refund of taxes
EUR -24,232.74
Tax
(+/-) EUR 4,101.32
Annual surplus / annual deficit
EUR -446,604.36
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 28,978,828.26
Fixed assets
EUR 3,670,758.51
Intangible assets
EUR 43,010.00
Concessions, licences, rights
EUR 43,010.00
Tangible assets EUR 3,262,806.92
Land / similar rights
EUR 1,590,795.56
Plant / machinery
EUR 673,472.00
Other tangible assets / fixtures and
fittings
EUR 912,199.90
Advance payments made / construction
in progress
EUR 86,339.46
Financial assets
EUR 364,941.59
Shares in participations /
subsidiaries and the like EUR 364,941.59
Shares in related companies
EUR 153,725.59
Shares in investee companies
EUR 211,216.00
Current assets
EUR 24,615,695.74
Stocks EUR 11,436,265.92
Raw materials, consumables and
supplies
EUR 5,334,460.79
Finished goods / work in progress
EUR 6,974,983.14
Advance payments made
EUR 433,999.78
Minus received advance payments for
orders / installments for stocks
EUR -1,307,177.79
Accounts receivable
EUR 11,910,302.20
Trade debtors
EUR 5,812,675.47
Amounts due from related companies
EUR 5,394,170.78
Other debtors and assets
EUR 703,455.95
Liquid means
EUR 1,269,127.62
Remaining other assets
EUR 692,374.01
Accruals (assets)
EUR 399,210.71
Deferred taxes (assets)
EUR 293,163.30
LIABILITIES EUR 28,978,828.26
Shareholders' equity EUR 8,744,899.39
Capital
EUR 3,500,000.00
Subscribed capital (share capital)
EUR 3,500,000.00
Reserves
EUR 261,350.00
Capital reserves
EUR 261,350.00
Balance sheet profit/loss (+/-)
EUR 4,983,549.39
Profit / loss brought forward
EUR 3,687,119.28
Annual surplus / annual deficit
EUR 1,296,430.11
Provisions EUR 14,814,689.27
Pension provisions and comparable
provisions
EUR 11,266,068.00
Provisions for taxes
EUR 501,036.78
Other / unspecified provisions
EUR 3,047,584.49
Liabilities
EUR 5,200,004.64
Financial debts
EUR 112,763.80
Liabilities due to banks
EUR 112,763.80
Other liabilities
EUR 5,087,240.84
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,619,220.21
Unspecified other liabilities
EUR 3,468,020.63
thereof
liabilities from tax /
financial authorities
EUR 5,361.69
thereof liabilities from social
security
EUR 1,968,293.94
Other liabilities
EUR 219,234.96
Deferrals (liabilities)
EUR 219,234.96
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 64,340,369.45
Inventory change + own costs (+/-)
EUR 100,927.66
Inventory change (+/-)
EUR -49,214.36
Capitalised own costs
EUR 150,142.02
Other operating income
EUR 555,732.05
Cost of materials
EUR 33,326,022.88
Raw materials and supplies, purchased
goods
EUR 31,345,062.42
Purchased services
EUR 1,980,960.46
Gross result (+/-) EUR 31,671,006.28
Staff expenses
EUR 19,420,100.63
Wages and salaries
EUR 16,018,734.38
Social security contributions and
expenses for pension plans and
benefits EUR 3,401,366.25
Total depreciation
EUR 680,293.74
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 680,293.74
Other operating expenses
EUR 8,522,715.72
Operating result from continuing
operations
EUR 3,047,896.19
Interest result (+/-)
EUR -941,214.37
Interest
and similar income EUR 44,644.39
Interest and similar expenses
EUR 985,858.76
Financial result (+/-)
EUR -941,214.37
Result from ordinary operations (+/-)
EUR 2,106,681.82
Extraordinary expenses
EUR 65,517.00
Extraordinary result (+/-)
EUR -65,517.00
Expenses for transfer of profits to a
parent company
EUR 20,328.67
Income tax / refund of income tax (+/-)EUR -700,702.30
Other taxes / refund of taxes
EUR -23,703.74
Tax
(+/-)
EUR -724,406.04
Annual surplus / annual deficit
EUR 1,296,430.11
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.57 |
|
UK Pound |
1 |
Rs.98.88 |
|
Euro |
1 |
Rs.80.05 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.