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Report Date : |
11.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
LM-INTERNATIONAL
EUROPA GMBH |
|
|
|
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Registered Office : |
Grootkoppel
15 D 23858 Reinfeld |
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|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
24.11.1976 |
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|
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Legal Form : |
Private
limited company |
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Line of Business : |
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No. of Employees : |
05 |
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 |
LM-INTERNATIONAL EUROPA GMBH
Company Status: active
Grootkoppel 15
D 23858 Reinfeld
Telephone:04533/208720
Telefax: 04533/2087225
Homepage: www.lmi.de
E-mail: info@lmi.de
VAT no.: DE171036959
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 24.11.1976
Shareholders'
agreement: 24.11.1976
Registered on: 01.07.2008
Commercial Register: Local court 23568 Lübeck
under: HRB
8343 HL
Share capital: EUR 25,564.59
Shareholder:
Lothar Müller
Grootkoppel 15
D 23858 Reinfeld
born: 19.05.1948
Share: EUR 25,564.59
Manager:
Lothar Müller
Grootkoppel 15
D 23858 Reinfeld
having sole power of
representation
born: 19.05.1948
Marital status: married
Proxy:
Jonas Müller
D 23858 Wesenberg
having sole power of
representation
born: 02.12.1989
Proxy:
Christian Müller
D 23858 Wesenberg
having sole power of
representation
born: 10.10.1983
Further functions/participations of Lothar
Müller (Manager)
Limited partner:
L M - Import Lothar Müller Gesellschaft mit
beschränkter Haftung
& Co.
Werbeartikel-Handelsgesellschaft KG
Belziger Str. 69/71
D 10823 Berlin
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 12,782.30
contribution:
Share: EUR 12,782.30
Registered
on: 08.02.1977
Reg. data: 14057 Berlin, HRA 16856
26.01.1977 - 01.07.2008 L M - Import Lothar Müller Gesellschaft
mit beschränkter Haftung
Belziger Str. 69/71
D 10823 Berlin
Private limited
company
Sectors
46493
Wholesale of leather goods, luggage, giftware and advertising articles
47722 Retail sale of leatheware and baggage
General partner:
L M - Import Lothar
Müller Gesellschaft mit
beschränkter Haftung
& Co.
Werbeartikel-Handelsgesellschaft
KG
Belziger Str. 69/71
D 10823 Berlin
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 12,782.30
contribution:
Reg. data: 08.02.1977
Local court
14057 Berlin
HRA 16856
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Grootkoppel
15
D 23858 Reinfeld
Real Estate of: Lothar
Müller
Type of ownership: Tenant
Address Neu
Hartmannsdorfer Str. 8
D 15528
Spreenhagen
Land register documents were not available.
SPARKASSE HOLSTEIN, 23858 REINFELD (HOLSTEIN)
Sort. code: 21352240
BIC: NOLADE21HOL
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000
BIC: COBADEHHXXX
Turnover: 2012 EUR 900,000.00
2013 EUR 900,000.00
Profit: 2012 EUR -16,997.00
further business figures:
Equipment: *EUR 40,000.00
Ac/ts receivable: EUR 46,132.00
Liabilities: EUR 745,603.00
Employees:
5
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 43.16
Liquidity ratio: 0.07
Return on total capital
[%]: -1.46
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 45.74
Liquidity ratio: 0.03
Return on total capital
[%]: 0.55
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 35.06
Liquidity ratio: 0.02
Return on total capital
[%]: -0.83
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 21.25
Liquidity ratio: 0.03
Return on total capital
[%]: -10.72
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 1,164,601.78
Fixed assets EUR 1,011,663.88
Tangible assets EUR 1,011,663.88
Other / unspecified
tangible assets EUR 1,011,663.88
Current assets EUR 150,626.35
Stocks EUR 104,202.00
Other / unspecified
stocks EUR 104,202.00
Accounts receivable EUR 46,131.84
Other debtors and
assets EUR 46,131.84
Liquid means EUR 292.51
Remaining other
assets EUR 2,311.55
Accruals (assets) EUR 2,311.55
LIABILITIES EUR 1,164,601.78
Shareholders' equity EUR 408,449.10
Capital EUR 25,564.59
Subscribed capital
(share capital) EUR 25,564.59
Balance sheet profit/loss
(+/-) EUR 382,884.51
Profit / loss brought
forward EUR 399,881.99
Annual surplus / annual deficit EUR -16,997.48
Provisions EUR 10,550.00
Liabilities EUR 745,602.68
Other liabilities EUR 745,602.68
Liabilities due to
shareholders EUR 94,204.72
Unspecified other
liabilities EUR 651,397.96
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011
- 31.12.2011
ASSETS EUR 1,221,550.47
Fixed assets EUR 1,071,431.88
Tangible assets EUR 1,071,431.88
Other / unspecified
tangible assets EUR 1,071,431.88
Current assets EUR 148,672.94
Stocks EUR 121,964.82
Accounts receivable EUR 18,847.92
Other debtors and
assets EUR 18,847.92
Liquid means EUR 7,860.20
Remaining other
assets EUR 1,445.65
Accruals (assets) EUR 1,445.65
LIABILITIES EUR 1,221,550.47
Shareholders' equity EUR 425,446.58
Capital EUR 25,564.59
Subscribed capital
(share capital) EUR 25,564.59
Balance sheet profit/loss
(+/-) EUR 399,881.99
Profit / loss brought
forward EUR 393,122.08
Annual surplus / annual
deficit EUR 6,759.91
Provisions EUR 9,600.00
Liabilities EUR 786,503.89
Other liabilities EUR 786,503.89
Unspecified other
liabilities EUR 786,503.89
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.45 |
|
|
1 |
Rs.97.76 |
|
Euro |
1 |
Rs.76.68 |
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.