|
Report Date : |
22.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
LEMETCO GMBH |
|
|
|
|
Registered Office : |
Am
Alten Schacht 6, D 47198 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
05.06.1992 |
|
|
|
|
Com. Reg. No.: |
HRB 9482 |
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|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Wholesale of solid fuels Wholesale of non-ferrous ores, metals
and metal semi-finished goods Non-specialized wholesale of raw
materials and half-finished and finished goods |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
LEMETCO GmbH
Am Alten
Schacht 6
D 47198
Duisburg
Telephone: 02066/996670
Telefax: 02066/996688
Homepage:
www.lemetco.de
E-mail: justen@lemetco.de
DE157206057
134/5775/0385
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 05.06.1992
Shareholders' agreement: 05.06.1992
Registered on: 30.07.2002
Commercial Register: Local court 47051 Duisburg
under: HRB
9482
Share capital: EUR 600,000.00
LEMETCO Holding GmbH
Am Alten
Schacht 6
D 47198 Duisburg
Post Box:
17 04 62, D 47184
Duisburg
Legal form: Private
limited company
Share capital: EUR
613,550.26
Share: EUR 600,000.00
Registered on: 07.10.1983
Reg. data: 47051
Duisburg, HRB 3537
Eugen J. Hahn
Sonnenscheinsweg 107
D 45149 Essen
having sole power of
representation
born: 22.09.1944
Profession: Businessman
Marital status: married
Manager:
Dr. Christian Körling
D 40668 Meerbusch
having sole power of
representation
born: 08.06.1952
Profession: graduate
engineer
Manager:
Ute Zubrowski
D 45127 Essen
born: 27.03.1956
Proxy:
Michael Obecny
D 45147 Essen
authorized to jointly
represent the company
born: 22.11.1954
Further
functions/participations of Eugen J. Hahn (Manager)
Shareholder:
LEMETCO Holding GmbH
Am Alten Schacht 6
D 47198 Duisburg
Post Box:
17 04 62, D 47184
Duisburg
Legal form: Private
limited company
Share capital: EUR 613,550.26
Share: EUR 613,550.26
Registered
on: 07.10.1983
Reg. data: 47051 Duisburg, HRB 3537
Manager:
Güterkraftverkehr A.
Werner Gesellschaft mit
beschränkter Haftung
Am Alten Schacht 6
D 47198 Duisburg
Legal form: Private
limited company
Share capital: EUR 178,952.16
Registered
on: 25.06.1971
Reg. data: 47051 Duisburg, HRB 1224
Manager:
LEMETCO Holding GmbH
Am Alten Schacht 6
D 47198 Duisburg
Post Box:
17 04 62, D
47184 Duisburg
Legal form: Private
limited company
Share capital: EUR 613,550.26
Registered
on: 07.10.1983
Reg. data: 47051 Duisburg, HRB 3537
Manager:
WETRANS Beteiligungs GmbH
Am Alten Schacht 6
D 47198 Duisburg
Legal form: Private
limited company
Share capital: EUR 255,645.94
Registered
on: 19.03.2002
Reg. data: 47051 Duisburg, HRB 9361
Manager:
VSR Industrietechnik GmbH
Am Alten Schacht 6
D 47198 Duisburg
Post Box:
17 04 62, D 47184
Duisburg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 30.07.2002
Reg. data: 47051 Duisburg, HRB 9481
Further
functions/participations of Dr. Christian Körling
(Manager)
Manager:
VSR Industrietechnik
GmbH
Am Alten Schacht 6
D 47198 Duisburg
Post Box:
17 04 62, D 47184
Duisburg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 30.07.2002
Reg. data: 47051 Duisburg, HRB 9481
Manager:
Güterkraftverkehr A.
Werner Gesellschaft mit
beschränkter Haftung
Am Alten Schacht 6
D 47198 Duisburg
Legal form: Private
limited company
Share capital: EUR
178,952.16
Registered
on: 25.06.1971
Reg. data: 47051 Duisburg, HRB 1224
Further
functions/participations of Ute Zubrowski (Manager)
Proxy:
LEMETCO Holding GmbH
Am Alten Schacht 6
D 47198 Duisburg
Post Box:
17 04 62, D 47184
Duisburg
Legal form: Private
limited company
Share capital: EUR 613,550.26
Registered
on: 07.10.1983
Reg. data: 47051 Duisburg, HRB 3537
05.06.1992 - 29.07.2002 VSR Technologie GmbH
Hingbergstr. 319
D 45472 Mülheim
Private limited
company
29.07.2002 - 25.09.2013 VSR Technologie GmbH
Am Alten Schacht 6
D 47198 Duisburg
Private limited
company
Main industrial sector
46711
Wholesale of solid fuels
46722
Wholesale of non-ferrous ores, metals and metal semi-finished goods
46902
Non-specialized wholesale of raw materials and half-finished and
finished goods
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Am Alten Schacht 6
D 47198 Duisburg
Real Estate of: Eugen J. Hahn
Type of ownership: part owner
Share: 50.00 %
Address Sonnenscheinsweg 107
D 45149 Essen
Land register documents were not available.
LANDESBANK BADEN-WÜRTTEMBERG/RHEINLAND-PFALZ
BANK, 55098 MAINZ A
RHEIN
Sort. code: 60050101
BIC: SOLADEST600
COMMERZBANK, 47002 DUISBURG
Sort. code: 35040038
BIC: COBADEFFXXX
SPARKASSE DUISBURG, 47015 DUISBURG
Sort. code: 35050000
BIC: DUISDE33XXX
Turnover: 2012 EUR 40,000,000.00
2013 EUR 40,105,000.00
further business figures:
Equipment: *EUR 78,000.00
Ac/ts receivable: EUR 43,295.00
Liabilities: EUR 17,152.00
Employees:
9
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 64.08
Liquidity ratio: 7.55
Return on total capital [%]: 3.54
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 58.63
Liquidity ratio: 5.19
Return on total capital [%]: -3.85
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: 01.01.2010 - 31.12.2010
ASSETS EUR 54,711.75
Current assets
EUR 54,711.75
Accounts receivable
EUR 43,295.58
Other debtors and assets
EUR 43,295.58
Liquid means
EUR 11,416.17
LIABILITIES EUR 54,711.75
Shareholders' equity
EUR 35,059.45
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 9,494.86
Balance sheet profit / loss
EUR 9,494.86
Provisions
EUR 2,500.00
Liabilities EUR 17,152.30
Other liabilities
EUR 17,152.30
Unspecified other liabilities
EUR 17,152.30
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 56,492.67
Current assets
EUR 56,492.67
Accounts receivable
EUR 44,741.85
Other debtors and assets
EUR 44,741.85
Liquid means
EUR 11,750.82
LIABILITIES EUR 56,492.67
Shareholders' equity
EUR 33,124.34
Capital EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 7,559.75
Balance sheet profit / loss
EUR 7,559.75
Provisions
EUR 3,000.00
Liabilities
EUR 20,368.33
Other liabilities
EUR 20,368.33
Unspecified other liabilities
EUR 20,368.33
Inconsistent balance sheets:
Financial year published on
01.01.2012 - 31.12.2012 13.05.2013
01.01.2011 - 31.12.2011 13.05.2013
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.80 |
|
|
1 |
Rs.100.06 |
|
Euro |
1 |
Rs.78.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.