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Report Date : |
10.10.2014 |
IDENTIFICATION DETAILS
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Name : |
LTI REENERGY GMBH |
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Registered Office : |
Heinrich-Hertz-Str.
18, D 59423 Unna |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
17.12.2008 |
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Com. Reg. No.: |
HRB 6581 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – 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 |
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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, 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 |
LTi REEnergy GmbH
Heinrich-Hertz-Str.
18
D 59423
Unna
Telephone: 02303/7790
Telefax: 02303/779397
E-mail: wolfgang.lust@lust-tec.de
DE815189687
316/5953/0576
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 17.12.2008
Begin of business
activities: 31.07.2009
Shareholders'
agreement: 17.12.2008
Registered on: 31.07.2009
Commercial Register: Local court 59065 Hamm
under: HRB
6581
Share capital: EUR 500,000.00
LTi GmbH
Gewerbestr. 5-9
D 35633 Lahnau
Legal form: Private
limited company
Share capital: EUR
17,500,000.00
Share: EUR 500,000.00
Registered on: 03.06.2013
Reg. data: 35578 Wetzlar,
HRB 6512
Dr. Hartmut Braun
D 31785 Hameln
born: 01.11.1959
Manager:
Michael Bellmer
D 20095 Hamburg
born: 21.07.1975
Dr. Andreas Bünte
Lippstädter Str. 131
D 33378 Rheda-Wiedenbrück
authorized to jointly
represent the company
born: 05.03.1965
Proxy:
Norbert Holthenrich
Platanenallee 77
D 59425 Unna
authorized to jointly
represent the company
born: 17.04.1960
Marital status: unknown
Proxy:
Daniel Voss
D 20095 Hamburg
authorized to jointly
represent the company
born: 18.02.1981
Further functions/participations of Dr.
Hartmut Braun (Manager)
Manager:
Beteiligungsgesellschaft
Sensitec mbH
Gewerbestr. 5-9
D 35633 Lahnau
Legal form: Private
limited company
Share capital: EUR 1,500,000.00
Registered
on: 15.06.2004
Reg. data: 35578 Wetzlar, HRB 4961
Manager:
LTi DRiVES GmbH
Gewerbestr. 5-9
D 35633 Lahnau
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered
on: 23.03.2011
Reg. data: 35578 Wetzlar, HRB 6126
Manager:
LTi GmbH
Gewerbestr. 5-9
D 35633 Lahnau
Legal form: Private
limited company
Share capital: EUR
17,500,000.00
Registered
on: 03.06.2013
Reg. data: 35578 Wetzlar, HRB 6512
Manager:
LTi Deutschland GmbH
Gewerbestr. 5-9
D 35633 Lahnau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 30.03.2006
Reg. data: 35578 Wetzlar, HRB 5244
07.08.2014 - 25.09.2014 Manager
Dr. Günter Schweitzer
D 20095 Hamburg
25.03.2009 - 23.05.2013 Manager
Dr. Wolfgang Lust
D 35444 Biebertal
Main industrial sector
2829
Manufacture of other general-purpose machinery n.e.c.
46141
Agents involved in the sale of machines (except agricultural machineryand office machinery)
and industrial supplies n.e.c.
70109
Other activities of head offices
71122
Engineering activities in the field of technical sectoral planning
andengineering 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 Heinrich-Hertz-Str. 18
D 59423 Unna
Real Estate of: LTi GmbH
Type of ownership: Tenant
Address Gewerbestr.5-9
D 35633 Lahnau
Real Estate of: LTi GmbH
Type of ownership: Tenant
Address Gewerbestr. 5-9
D 35633 Lahnau
Land register documents were not available.
Principal banks
VOLKSBANK MITTELHESSEN, 35340 GIEßEN, LAHN
Sort. code: 51390000, Account no.: 48908608
BIC: VBMHDE5FXXX, IBAN: DE61513900000048908608
SPARKASSE UNNAKAMEN, 59409 UNNA
Sort. code: 44350060, Account no.: 128165
BIC: WELADED1UNN, IBAN: DE53443500600000128165
Turnover: 2012 EUR 8,618,086.00
2013 EUR 12,900,000.00
Expected turnover: EUR 13,900,000.00
Profit: 2012 EUR -5,824,611.00
further business figures:
Equipment: *EUR 583,000.00
Ac/ts receivable: EUR 2,876,683.00
Liabilities: EUR 7,310,737.00
Total numbers of vehicles: 2
-
Passenger cars:
2
Employees: 70
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 [%]: -85.57
Liquidity ratio: 0.40
Return on total capital [%]: -119.45
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 25.11
Liquidity ratio: 0.83
Return on total capital [%]: 12.58
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 10.46
Liquidity ratio: 0.72
Return on total capital [%]: 5.33
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 99.78
Liquidity ratio: 10.00
Return on total capital [%]: -0.46
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 7,883,248.53
Fixed assets
EUR 637,581.50
Intangible assets EUR 15,391.00
Tangible assets
EUR 148,251.00
Financial assets
EUR 473,939.50
Current assets
EUR 3,616,445.60
Stocks EUR 679,472.97
Accounts receivable
EUR 2,876,682.62
Liquid means
EUR 60,290.01
Remaining other assets
EUR 3,629,221.43
Accruals
(assets) EUR 1,855.36
Deficit not covered by shareholders'
equity
EUR 3,627,366.07
LIABILITIES EUR 7,883,248.53
Shareholders' equity
EUR 0.00
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR -4,127,366.07
Profit / loss brought forward
EUR 1,697,244.81
Annual surplus / annual deficit
EUR -5,824,610.88
Other shareholders' equity (+/-)
EUR 3,627,366.07
Deficit not covered by shareholders'
equity EUR 3,627,366.07
Provisions
EUR 572,512.30
Liabilities
EUR 7,310,736.53
Difference assets / liabilities
EUR -0.30
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 8,618,085.53
Inventory change + own costs (+/-)
EUR -1,167,968.73
Inventory change (+/-)
EUR -1,167,968.73
Other operating income
EUR 105,354.39
Cost of materials
EUR 6,711,927.74
Raw materials and supplies, purchased
goods
EUR 6,209,893.88
Purchased services
EUR 502,033.86
Gross result (+/-)
EUR 843,543.45
Staff expenses
EUR 1,614,210.13
Wages and salaries
EUR 1,277,111.85
Social security contributions and
expenses for pension plans and
benefits
EUR 337,098.28
Total depreciation
EUR 1,604,914.42
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 34,635.03
Depreciation on current assets (+/-)
EUR 1,570,279.39
Other operating expenses
EUR 2,655,537.70
Operating result from continuing
operations
EUR -5,031,118.80
Interest result (+/-)
EUR -53,429.02
Interest and similar income
EUR 45,172.34
thereof from related companies
EUR 6,676.84
Interest and similar expenses
EUR 98,601.36
Financial result (+/-)
EUR -53,429.02
Result from ordinary operations (+/-)
EUR -5,084,547.82
Extraordinary expenses
EUR 750,000.00
Extraordinary result (+/-)
EUR -750,000.00
Income tax / refund of income tax (+/-)EUR 9,936.94
Tax (+/-)
EUR 9,936.94
Annual surplus / annual deficit
EUR -5,824,610.88
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 8,750,180.32
Fixed assets EUR 626,303.01
Intangible assets
EUR 6,470.00
Concessions, licences, rights
EUR 6,470.00
Tangible assets
EUR 167,835.00
Other tangible assets / fixtures and
fittings
EUR 167,835.00
Financial assets
EUR 451,998.01
Shares in participations /
subsidiaries and the like
EUR 451,998.01
Shares in related companies
EUR 451,998.01
Current assets
EUR 8,110,352.52
Stocks
EUR 3,406,769.67
Raw materials, consumables and
supplies
EUR 257,947.49
Finished goods / work in progress
EUR 3,148,822.18
Accounts receivable
EUR 4,677,042.46
Trade debtors
EUR 3,425,341.77
Amounts due from related companies
EUR 1,238,955.23
Other debtors and assets
EUR 12,745.46
Liquid means
EUR 26,540.39
Remaining other assets
EUR 13,524.79
Accruals (assets)
EUR 13,524.79
LIABILITIES EUR 8,750,180.32
Shareholders' equity
EUR 2,197,244.81
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR 1,697,244.81
Profit / loss brought forward
EUR 596,610.62
Annual surplus / annual deficit
EUR 1,100,634.19
Provisions
EUR 908,669.00
Provisions for taxes
EUR 711,519.00
Other / unspecified provisions
EUR 197,150.00
Liabilities EUR 5,636,336.51
Financial debts
EUR 1,500,973.11
Liabilities due to banks
EUR 1,500,973.11
Other liabilities
EUR 4,135,363.40
Trade creditors (for IAS incl. bills
of exchange)
EUR 331,470.84
Liabililties due to related companiesEUR 3,785,952.71
Unspecified other liabilities
EUR 17,939.85
thereof liabilities from tax /
financial authorities
EUR 16,267.61
thereof liabilities from social
security
EUR 1,672.24
Other liabilities
EUR 7,930.00
Deferred taxes (not included under
provisions/liabilities)
EUR 7,930.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 21,274,951.07
Inventory change + own costs (+/-)
EUR 849,886.27
Inventory change (+/-)
EUR 849,886.27
Other operating income
EUR 73,825.89
Cost of materials
EUR 15,467,951.07
Raw materials and supplies, purchased
goods
EUR 14,839,632.69
Purchased services
EUR 628,318.38
Gross result (+/-)
EUR 6,730,712.16
Staff expenses
EUR 1,384,196.98
Wages and salaries
EUR 1,081,682.85
Social security contributions and
expenses for pension plans and
benefits
EUR 302,514.13
Total depreciation
EUR 29,159.48
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 29,159.48
Other operating expenses EUR 3,685,069.73
Operating result from continuing
operations
EUR 1,632,285.97
Interest result (+/-)
EUR -55,742.78
Interest and similar income
EUR 7,307.72
thereof from related companies
EUR 6,624.72
Interest and similar expenses
EUR 63,050.50
Financial result (+/-)
EUR -55,742.78
Result from ordinary operations (+/-)
EUR 1,576,543.19
Income tax / refund of income tax (+/-)EUR -475,909.00
Tax (+/-)
EUR -475,909.00
Annual surplus / annual deficit
EUR 1,100,634.19
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.04 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.77.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
Report Prepared
by : |
PDT |
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.