|
Report No. : |
318368 |
|
Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
GEBRÜDER LÖDIGE MASCHINENBAU-GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
|
|
|
|
Registered Office : |
Elsener Str.
7-9, D 33102 Paderborn, Post Box: 20 50, D 33050 Paderborn |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
19.04.1938 |
|
|
|
|
Com. Reg. No.: |
HRB 29 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of other general-purpose machinery. |
|
|
|
|
No. of Employees : |
483 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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, 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 2014. The new German government introduced a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in balance in 2014. 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 plans to replace nuclear power with renewable energy, which accounts for 34% of total energy consumption, up from 9% in 2000. 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 |
GEBRÜDER LÖDIGE
MASCHINENBAU-GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG
Company Status: active
Elsener Str. 7-9
D 33102 Paderborn
Post Box:
20 50, D 33050 Paderborn
Telephone:05251/3090
Telefax:
05251/309123
Homepage: www.loedige.de
E-mail:
info@loedige.de
VAT no.: DE126227843
Tax ID number: 339/5876/0012
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 19.04.1938
Registered on: 09.04.1952
Commercial Register: Local court 33098 Paderborn
under: HRB
29
Share
capital EUR
4,800,000.00
Shareholder:
Dr.-Ing. Roland Lücke
Deipenweg 32
D 33104 Paderborn
born: 26.05.1942
Share: EUR 1,680,000.00
Shareholder:
Anna Leonore Lödige
Wiebach 26
D 33100 Paderborn
born: 04.07.1984
Share: EUR 864,000.00
Shareholder:
Nils Moog
Ritterholz 31
D 33178 Borchen
born: 02.03.1965
Share: EUR 559,980.00
Shareholder:
Wilhelm Lödige
Vermögensverwaltung GmbH
Wiebach 26
D 33100 Paderborn
Legal form: Private
limited company
Share capital: EUR 80,000.00
Share: EUR 480,000.00
Registered on: 21.12.1995
Reg. data: 33098
Paderborn, HRB 2697
Shareholder:
Kristina Witt-Müller
Weststr. 9
D 33189 Schlangen
born: 16.12.1969
Share: EUR 234,660.00
Shareholder:
Svenja Röhm
Vioa degli Iris 26/21
I 16148 Genova
born: 03.01.1967
Share: EUR 186,680.00
Shareholder:
Carsten Röhm
Hoppenmeer 32
D 33129 Delbrück
born: 23.02.1972
Share: EUR 186,680.00
Shareholder:
Marek Röhm
Triftstr. 1a
D 33154 Salzkotten
born: 03.01.1968
Share: EUR 186,680.00
Shareholder:
Katharina Jäger
Uhlental 5
D 32683 Barntrup
born: 25.02.1966
Share: EUR 186,660.00
Shareholder:
Maike Lass
An der Dorfstr. 11
D 18516 Süderholz
born: 18.07.1963
Share: EUR 186,660.00
Shareholder:
Doris Lödige
Robert-Koch-Str. 3
D 33102 Paderborn
born: 11.11.1945
Share: EUR 48,000.00
Manager:
Dr. Frank Eric Sandfort
Schäferweg 38b
D 33100 Paderborn
having sole power of
representation
born: 12.10.1965
Profession: graduate
engineer
Proxy:
Dipl.-Ing. Reiner
Lemperle
D 33100 Paderborn
authorized to jointly
represent the company
born: 15.03.1965
Profession: graduate
engineer
Proxy:
Michael Schumacher
D 32657 Lemgo
authorized to jointly
represent the company
born: 10.03.1968
Proxy:
Oliver Hörster
D 59320 Ennigerloh
authorized to jointly
represent the company
born: 11.06.1969
Further functions/participations of Dr. Frank
Eric Sandfort
(Manager)
Shareholder:
SalvatCapital GmbH
Schäferweg 38b
D 33100 Paderborn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 02.03.2010
Reg. data: 33098 Paderborn, HRB 9644
Manager:
SalvatCapital GmbH
Schäferweg 38b
D 33100 Paderborn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 02.03.2010
Reg. data:
33098 Paderborn, HRB 9644
Manager:
SSW Industries GmbH
Eichenhainallee 40
D 51427 Bergisch Gladbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 23.04.2010
Reg. data: 50939 Köln, HRB 69149
Manager:
Lignum Capital GmbH
Schäferweg 38b
D 33100 Paderborn
Legal form: Private
limited company
Share capital: EUR 52,500.00
Registered
on: 15.07.2010
Reg. data: 33098 Paderborn, HRB 9793
Manager:
SSW Solar Management GmbH
Schäferweg 38b
D 33100 Paderborn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 09.12.2014
Reg. data: 33098 Paderborn, HRB 11725
Member of the Advisory Board
Manfred Finken
D 40210 Düsseldorf
Member of the Advisory Board
Dr.-Ing. Roland Lücke
Deipenweg 32
D 33104 Paderborn
Member of the Advisory Board
Dr. Frank Eric Sandfort
Schäferweg 38b
D 33100 Paderborn
29.07.2010 - 20.04.2015 Manager
Dr. Cord Schmidthals
D 34414 Warburg
Main industrial sector
28290
Manufacture of other general-purpose machinery
Shareholder:
Papenmeier GmbH,
Mischtechnik
Elsener Str. 7-9
D 33102 Paderborn
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 28.05.1998
Local court 33098
Paderborn
HRB 3142
Payment
experience: within agreed terms
Negative
information: We have no negative information at hand.
Balance
sheet year: 2013
Type of ownership: proprietor
Share: 100.00
%
Address Elsener
Str. 7-9
D 33102 Paderborn
Size: 30,000.00 sq.m
Type of ownership: proprietor
Share: 100.00 %
Address Elsener
Str. 19
D 33102 Paderborn
Size: 25,000.00 sq.m
Type of ownership: proprietor
Share: 100.00 %
Address Elsener
Str. 11-17c
D 33102 Paderborn
Size: 5,999.00 sq.m
Land register documents were not available.
Principal banks
DEUTSCHE BANK, 33044 PADERBORN
Sort. code: 47270029, Account no.: 5183181
BIC: DEUTDE3B472, IBAN: DE09472700290518318100
VOLKSBANK PADERBORN-HÖXTER-DETMOLD, 33098
PADERBORN
Sort. code: 47260121, Account no.: 8850513300
BIC: DGPBDE3MXXX, IBAN: DE17472601218850513300
Turnover: 2013 EUR 41,400,041.00
2014 EUR 41,500,000.00
Profit: 2013 EUR 2,064,381.00
further business figures:
Equipment: EUR 1,564,462.00
Ac/ts receivable: EUR 9,986,262.00
Liabilities: EUR 3,513,919.00
Employees:
483
- thereof permanent staff: 460
- Trainees:
23
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 74.69
Liquidity ratio: 9.47
Return on total capital [%]: 6.75
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 65.99
Liquidity ratio: 10.00
Return on total capital [%]: 3.99
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 72.80
Liquidity ratio: 10.00
Return on total capital [%]: 1.29
Balance sheet ratios 0 1.01.2010 - 31.12.2010
Equity ratio [%]: 65.56
Liquidity ratio: 10.00
Return on total capital [%]: 0.90
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: 01.01.2013
- 31.12.2013
ASSETS EUR 30,856,085.46
Fixed assets EUR 16,522,501.53
Intangible assets
EUR 720,378.94
Concessions, licences, rights
EUR 447,935.94
Goodwill
EUR 272,443.00
Tangible assets EUR 11,864,673.69
Land / similar rights
EUR 6,777,113.56
Plant / machinery
EUR 2,526,627.00
Other tangible assets / fixtures and
fittings EUR 1,564,462.00
Advance payments made / construction
in progress
EUR 996,471.13
Financial assets
EUR 3,937,448.90
Shares in participations /
subsidiaries and the like
EUR 3,937,448.90
Shares in related companies
EUR 3,932,648.90
Shares in cooperatives
EUR 4,800.00
Current assets
EUR 14,278,930.36
Stocks
EUR 1,833,477.38
Raw materials, consumables and
supplies
EUR 1,711,615.00
Finished goods / work in progress
EUR 4,678,702.00
Advance payments made
EUR 147,830.90
Minus received advance payments for
orders / installments for stocks
EUR -4,704,670.52
Accounts receivable
EUR 9,986,261.55
Trade debtors
EUR 8,688,135.69
Amounts due from related companies
EUR 40,693.15
Other debtors and assets
EUR 1,257,432.71
Liquid means
EUR 2,459,191.43
Remaining other assets EUR 54,653.57
Accruals (assets)
EUR 54,653.57
LIABILITIES EUR 30,856,085.46
Shareholders' equity
EUR 23,116,090.18
Capital EUR 4,800,000.00
Subscribed capital (share capital)
EUR 4,800,000.00
Reserves
EUR 17,084,168.92
Retained earnings / revenue reserves EUR 17,084,168.92
Balance sheet profit/loss (+/-)
EUR 1,231,921.26
Balance sheet profit / loss
EUR 1,231,921.26
Provisions
EUR 4,223,457.68
Pension provisions and comparable
provisions EUR 1,711,366.00
Provisions for taxes
EUR 253,404.00
Other / unspecified provisions
EUR 2,258,687.68
Liabilities
EUR 3,513,919.10
Financial debts
EUR 977,546.85
Liabilities due to banks
EUR 977,546.85
Other liabilities
EUR 2,536,372.25
Trade creditors (for IAS incl. bills
of exchange) EUR 1,443,370.12
Liabililties due to related companiesEUR 9,481.32
Unspecified other liabilities
EUR 1,083,520.81
thereof liabilities from tax /
financial authorities
EUR 165,425.66
thereof liabilities from social
security
EUR 0.81
Other liabilities
EUR 2,618.50
Deferrals (liabilities)
EUR 2,618.50
(cost-summary method) according to
Comm.
Code (HGB)
Sales
EUR 41,400,041.01
Inventory change + own costs (+/-)
EUR 630,961.00
Inventory change (+/-) EUR 156,189.00
Capitalised own costs
EUR 474,772.00
Other operating income
EUR 416,383.90
Cost of materials
EUR 14,160,497.30
Raw materials and supplies, purchased
goods
EUR 12,455,479.58
Purchased services
EUR 1,705,017.72
Gross result (+/-)
EUR 28,286,888.61
Staff expenses
EUR 17,311,176.23
Wages and salaries
EUR 14,446,976.86
Social security contributions and
expenses for pension plans and
benefits
EUR 2,864,199.37
Total depreciation EUR 1,511,920.02
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,511,920.02
Other operating expenses
EUR 6,293,745.04
Operating result from continuing
operations
EUR 3,170,047.32
Result from participating interests
(+/-)
EUR 35,000.00
Expenses / income from participations EUR 35,000.00
Income from related companies
EUR 35,000.00
Interest result (+/-)
EUR -217,246.92
Interest and similar income
EUR 40,688.01
Interest and similar expenses EUR 257,934.93
Financial result (+/-)
EUR -182,246.92
Result from ordinary operations (+/-)
EUR 2,987,800.40
Income tax / refund of income tax (+/-)EUR -875,735.09
Other taxes / refund of taxes
EUR -47,683.82
Tax (+/-)
EUR -923,418.91
Annual surplus / annual deficit
EUR 2,064,381.49
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 32,715,123.59
Fixed assets
EUR 12,930,188.75
Intangible assets
EUR 715,014.94
Concessions, licences,
rights EUR 378,355.94
Goodwill
EUR 336,659.00
Tangible assets
EUR 11,113,557.27
Land / similar rights
EUR 6,964,915.56
Plant / machinery
EUR 1,764,568.00
Other tangible assets / fixtures and
fittings
EUR 1,278,881.00
Advance payments made / construction
in progress EUR 1,105,192.71
Financial assets
EUR 1,101,616.54
Shares in participations /
subsidiaries and the like
EUR 1,101,616.54
Shares in related companies
EUR 1,096,816.54
Shares in cooperatives
EUR 4,800.00
Current assets
EUR 19,717,454.41
Stocks
EUR 0.00
Raw materials, consumables and
supplies
EUR 1,637,294.00
Finished goods / work in progress
EUR 4,522,513.00
Advance payments made
EUR 174,931.41
Minus received advance payments for
orders / installments for stocks
EUR -6,334,738.41
Accounts receivable
EUR 11,697,818.25
Trade debtors
EUR 9,515,540.58
Amounts due from related companies
EUR 108,804.40
Other debtors and assets
EUR 2,073,473.27
Liquid means
EUR 8,019,636.16
Remaining other assets
EUR 67,480.43
Accruals (assets)
EUR 67,480.43
LIABILITIES EUR 32,715,123.59
Shareholders' equity
EUR 21,701,708.69
Capital
EUR 4,800,000.00
Subscribed capital (share capital)
EUR 4,800,000.00
Reserves
EUR 16,052,068.92
Retained earnings / revenue reserves EUR 16,052,068.92
Balance sheet profit/loss (+/-)
EUR 849,639.77
Balance sheet profit / loss EUR 849,639.77
Provisions
EUR 4,589,638.91
Pension provisions and comparable
provisions
EUR 1,688,486.00
Provisions for taxes
EUR 485,872.00
Other / unspecified provisions
EUR 2,415,280.91
Liabilities
EUR 6,423,055.49
Financial debts
EUR 1,153,091.96
Liabilities due to banks
EUR 1,153,091.96
Other liabilities
EUR 5,269,963.53
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,599,284.34
Liabilities from received advance
payments EUR 2,410,026.30
Liabililties due to related companiesEUR 41,386.53
Unspecified other liabilities
EUR 1,219,266.36
thereof liabilities from tax /
financial authorities EUR 241,452.24
thereof liabilities from social
security
EUR 23,428.69
Other liabilities
EUR 720.50
Deferrals (liabilities)
EUR 720.50
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 40,921,008.59
Inventory change + own costs (+/-)
EUR 1,517,155.00
Inventory change (+/-) EUR 1,093,452.00
Capitalised own costs
EUR 423,703.00
Other operating income
EUR 494,956.78
Cost of materials
EUR 15,163,210.22
Raw materials and supplies, purchased
goods
EUR 13,896,709.33
Purchased services
EUR 1,266,500.89
Gross result (+/-)
EUR 27,769,910.15
Staff expenses EUR 17,076,921.99
Wages and salaries
EUR 14,284,301.80
Social security contributions and
expenses for pension plans and
benefits
EUR 2,792,620.19
Total depreciation
EUR 1,469,729.08
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,469,729.08
Other operating expenses
EUR 7,123,925.82
Operating result from continuing
operations
EUR 2,099,333.26
Result from participating interests
(+/-)
EUR 80,000.00
Expenses / income from participations EUR 80,000.00
Income from related companies
EUR 80,000.00
Interest result (+/-)
EUR -137,604.99
Interest and similar income
EUR 109,618.74
Interest and similar expenses
EUR 247,223.73
Other financial result
EUR -12,797.33
Depreciation on financial assets and
marketable securities
EUR 12,797.33
Financial result (+/-)
EUR -70,402.32
Result from ordinary operations (+/-)
EUR 2,028,930.94
Income tax / refund of income tax (+/-)EUR -681,395.06
Other taxes / refund of taxes
EUR -55,561.62
Tax (+/-) EUR -736,956.68
Annual surplus / annual deficit EUR 1,291,974.26
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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.