|
Report Date : |
02.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
LTI
REENERGY GMBH |
|
|
|
|
Registered Office : |
Heinrich-Hertz-Str.
18 D 59423 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
17.12.2008 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
·
Agents
involved in the sale of machines (except agricultural machinery and office
machinery) and industrial supplies ·
Engineering
activities in the field of technical sectoral planning and engineering design |
|
|
|
|
No. of Employees |
70 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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 |
LTI REENERGY GMBH
Company Status: active
Heinrich-Hertz-Str. 18
D 59423 Unna
Telephone:02303/7790
Telefax: 02303/779397
E-mail: wolfgang.lust@lust-tec.de
VAT no.: DE815189687
Tax ID number: 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
Shareholder:
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
Manager:
Dr. Günter Schweitzer
D 20095 Hamburg
born: 19.05.1969
Manager:
Michael Bellmer
D 20095 Hamburg
born: 21.07.1975
Proxy:
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
27.12.2013 - 04.08.2014 Manager
Dr. Hartmut Braun
D 31785 Hameln
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.60.47 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.79.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.