|
Report No. : |
318239 |
|
Report Date : |
28.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
LISEGA SE |
|
|
|
|
Registered Office : |
Gerhard-Liesegang-Str. 1 D 27404 Zeven |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
1964 |
|
|
|
|
Com. Reg. No.: |
HRB 121249 |
|
|
|
|
Legal Form : |
European Company (SE) |
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|
|
|
Line of Business : |
Wholesale of other equipment and accessories for machinery and technical supplies |
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|
|
No. of Employee : |
531 |
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 |
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|
|
|
Payment Behaviour : |
No complaints |
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|
|
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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 – 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 |
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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 |
LISEGA SE
Company Status: active
Gerhard-Liesegang-Str. 1
D 27404 Zeven
Telephone:04281/7130
Telefax: 04281/713214
Homepage: www.lisega.de
E-mail: info@lisega.de
VAT no.: DE116922376
Business relations are permissible.
LEGAL FORM European
Company (SE)
Date of foundation: 1964
Begin of business
activities: 17.12.2001
Registered on: 28.05.2002
Commercial Register: Local court
21255 Tostedt
under: HRB 121249
EUR 10,000,000.00
Shareholder:
Hans-Herlof Hardtke
Bremervörder Str. 3
D 27404 Zeven
born: 21.02.1939
President
of the Board of Directors:
Dr. Georg Maria Friberg
D 27356 Rotenburg
authorized to jointly
represent the company
born: 29.01.1967
Member of the Board of Directors:
Dr. Ekkehard Heinrichs
D 27404 Zeven
authorized to jointly
represent the company
born: 13.06.1965
Marital status: married
Member of the Board of Directors:
Peter Vogt
D 48147 Münster
authorized to jointly
represent the company
born: 27.02.1969
Profession: Fully
qualified merchant
Member of the Board of Directors:
Hans-Heiner Eddelbüttel
D 27356 Rotenburg
authorized to jointly
represent the company
born: 08.08.1951
President of the Supervisory Board:
Hans-Herlof Hardtke
Bremervörder Str. 3
D 27404 Zeven
born: 21.02.1939
Profession: Businessman
Marital status: married
Vice-president
of the Supervisory Board:
Johann-Georg Eule
Alter Weg 1
D 27412 Vorwerk
born: 24.05.1936
Profession: Solicitor
Member of the Supervisory Board:
Dr. Hans Peter Kolzen
Am Querkamp 12
D 28355 Bremen
born: 01.07.1938
Member of the Supervisory Board:
Dr.rer.pol. Konrad Hösel
Lindenallee 19
D 27726 Worpswede
born: 26.10.1951
Marital status: married
Member of the Supervisory Board:
Thomas Gellweiler
D 27711
Osterholz-Scharmbeck
born: 28.08.1964
Member of the Supervisory Board:
Hildegard Hardtke
D 27404 Zeven
born: 11.08.1967
Profession: Clerk
Marital status: unknown
Proxy:
Harald Michael Lange
Viehreihe 52
D 28865 Lilienthal
authorized to jointly
represent the company
born: 04.09.1959
Further functions/participations of Dr. Georg
Maria Friberg
(President of the Board of Directors)
Shareholder:
VICODA GmbH
Gerhard-Liesegang-Str. 1
D 27404 Zeven
Legal form:
Private limited company
Share capital: EUR 1,000,000.00
Share: EUR 150,000.00
Registered
on: 17.09.2014
Reg. data: 21255 Tostedt, HRB 204667
Manager:
MÜRMANN Gewindetechnik
GmbH
Wölzower Weg 27
D 19243 Wittenburg
Legal form: Private limited
company
Share capital: EUR 1,000,000.00
Registered
on: 16.03.1998
Reg. data: 19053 Schwerin, HRB 5828
Manager:
VICODA GmbH
Gerhard-Liesegang-Str. 1
D 27404 Zeven
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered
on: 17.09.2014
Reg. data: 21255 Tostedt, HRB 204667
Further functions/participations of Dr.
Ekkehard Heinrichs
(Member of the Board of Directors)
General partner:
Ekkehard Heinrichs Stefan
Pöting
Grabenstr. 8
D 33803 Steinhagen
Legal form: Partnership
under the Civil Code
Further functions/participations of
Hans-Heiner Eddelbüttel
(Member of the Board of Directors)
Manager:
MÜRMANN Gewindetechnik
GmbH
Wölzower Weg 27
D 19243 Wittenburg
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered
on: 16.03.1998
Reg. data: 19053 Schwerin, HRB 5828
1964 - 28.05.2002 LISEGA GmbH * AG Buxtehude - HRB 86 *
Hochkamp 5
D 27404 Zeven
Private limited
company
28.05.2002 - 23.09.2009 LISEGA Aktiengesellschaft
Hochkamp 5
D 27404 Zeven
Public limited company
24.09.2009 - 23.05.2011 LISEGA Aktiengesellschaft
Hochkamp 5-7
D 27404 Zeven
Public limited
company
23.05.2011 - 08.07.2014 LISEGA SE *Hochkamp 5-7*
D 27404 Zeven
European Company (SE)
03.09.2002 - 11.02.2013 Member of the Supervisory Board
Hans-Herbert Saacke
D 28717 Bremen
04.08.2010 - 08.01.2013 Member of the Board of Directors
Dr. Etienne Nitidem
D 32657 Lemgo
Main industrial sector
46693
Wholesale of other equipment and accessories for
machinery and technical supplies
Shareholder:
MÜRMANN Gewindetechnik
GmbH
Wölzower Weg 27
D 19243 Wittenburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Reg. data: 16.03.1998
Local court 19053 Schwerin
HRB 5828
Shareholder:
VICODA GmbH
Gerhard-Liesegang-Str. 1
D 27404 Zeven
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,000,000.00
Share: EUR 700,000.00
Reg. data: 17.09.2014
Local court
21255 Tostedt
HRB 204667
Payment experience: within agreed terms
Balance sheet year: 2012
Type of ownership: proprietor
Share: 100.00 %
Address Hochkamp 5-7
D 27404 Zeven
Type of ownership: Tenant
Address Gerhard-Liesegang-Str. 1
D 27404 Zeven
Land
register documents were not available.
Principal bank
DEUTSCHE BANK, 28189 BREMEN
Sort. code: 29070050, Account no.: 2401404
BIC: DEUTDEHBXXX, IBAN: DE53290700500240140400
Further bank
SPARKASSE ROTENBURG-BREMERVÖRDE, 27393 ZEVEN
Sort. code: 24151235, Account no.: 407619
BIC: BRLADE21ROB, IBAN: DE54241512350000407619
Turnover: 2013 EUR 96,800,546.00
2014 EUR 97,000,000.00
Profit:
2013 EUR 9,533,394.00
further business figures:
Equipment: EUR 3,258,024.00
Ac/ts receivable: EUR 24,469,722.00
Liabilities: EUR
12,765,865.00
Employees:
531
-
thereof permanent staff: 531
-
Trainees:
33
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 68.06
Liquidity ratio: 10.00
Return on total capital [%]: 16.90
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 61.58
Liquidity ratio: 4.70
Return on total capital [%]: 18.97
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 59.86
Liquidity ratio: 10.00
Return on total capital [%]: 21.80
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 53.65
Liquidity ratio: 2.55
Return on total capital [%]: 16.82
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 87,963,451.84
Fixed assets
EUR 28,605,550.39
Intangible assets
EUR 282,359.19
Concessions, licences, rights
EUR 282,359.19
Tangible assets
EUR 19,757,512.73
Land / similar rights
EUR 11,858,293.67
Plant / machinery
EUR 2,601,435.99
Other tangible assets / fixtures and
fittings
EUR 3,258,024.03
Advance payments made / construction
in progress
EUR 2,039,759.04
Financial assets
EUR 8,565,678.47
Shares in participations /
subsidiaries and the like
EUR 8,565,678.47
Shares in related companies
EUR 8,565,678.47
Current assets
EUR 59,304,010.36
Stocks
EUR 18,058,356.80
Raw materials, consumables and
supplies EUR 7,290,351.83
Finished goods / work in progress
EUR 10,768,004.97
Accounts receivable
EUR 24,469,721.55
Trade debtors
EUR 17,281,526.98
Amounts due from related companies
EUR 4,349,920.87
Other debtors and assets
EUR 2,838,273.70
Liquid means
EUR 16,775,932.01
Remaining other assets
EUR 53,891.09
Accruals (assets)
EUR 20,705.57
Active difference from asset
offsetting
EUR 33,185.52
LIABILITIES EUR 87,963,451.84
Shareholders' equity
EUR 59,859,937.63
Capital
EUR 10,000,000.00
Subscribed capital (share capital)
EUR 10,000,000.00
Reserves
EUR 4,124,005.00
Capital reserves
EUR 2,500,000.00
Retained earnings / revenue reserves EUR 1,624,005.00
Balance sheet profit/loss (+/-)
EUR 40,735,932.63
Balance sheet profit / loss
EUR 40,735,932.63
Other shareholders' equity (+/-)
EUR 5,000,000.00
Other / unspecified part of the
shareholders' equity
EUR 5,000,000.00
Items between shareholders' equity and
debt capital EUR 19,103.00
Allowances / bonuses
EUR 19,103.00
Provisions
EUR 15,318,546.02
Pension provisions and comparable
provisions EUR
8,799,186.31
Other / unspecified provisions
EUR 6,519,359.71
Liabilities
EUR 12,765,865.19
Financial debts
EUR 2,155,489.59
Liabilities due to banks
EUR 2,155,489.59
Other liabilities
EUR 10,610,375.60
Trade creditors (for IAS incl. bills
of exchange)
EUR 5,153,528.08
Liabilities from received advance
payments EUR 2,456,042.89
Liabililties due to related companiesEUR 1,392,331.64
Unspecified other liabilities
EUR 1,608,472.99
thereof liabilities from tax /
financial authorities
EUR 451,685.23
thereof liabilities from social
security
EUR 9,571.96
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 108,367,685.57
Inventory change + own costs (+/-)
EUR -1,137,358.10
Inventory change (+/-)
EUR -1,462,907.20
Capitalised own costs
EUR 325,549.10
Other operating income
EUR 1,922,883.88
Cost of materials
EUR 40,696,743.74
Raw materials and supplies, purchased
goods
EUR 36,759,822.32
Purchased services EUR 3,936,921.42
Gross result (+/-)
EUR 68,456,467.61
Staff expenses
EUR 32,316,390.01
Wages and salaries
EUR 27,228,808.39
Social security contributions and
expenses for pension plans and
benefits
EUR 5,087,581.62
Total depreciation
EUR 2,542,599.16
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,542,599.16
Other operating expenses
EUR 14,860,938.42
Operating result from continuing
operations
EUR 18,736,540.02
Result from participating interests
(+/-)
EUR 2,500,000.00
Expenses / income from participations EUR 2,500,000.00
Income from related companies
EUR 2,500,000.00
Interest result (+/-)
EUR -1,259,543.80
Interest and similar income
EUR 29,725.93
Interest and similar expenses
EUR 1,289,269.73
thereof paid to related companies
EUR 31,087.17
Financial
result (+/-) EUR 1,240,456.20
Result from ordinary operations (+/-)
EUR 19,976,996.22
Income tax / refund of income tax (+/-)EUR -5,070,722.33
Other taxes / refund of taxes
EUR -38,541.55
Tax (+/-)
EUR -5,109,263.88
Annual surplus / annual deficit
EUR 14,867,732.34
Type of
balance
sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 81,198,644.48
Fixed assets
EUR 27,452,241.03
Intangible assets
EUR 320,488.01
Concessions, licences, rights
EUR 320,488.01
Tangible assets
EUR 18,566,074.55
Land / similar rights
EUR 12,251,497.26
Plant / machinery
EUR 3,098,259.50
Other tangible assets / fixtures and
fittings EUR 3,158,316.11
Advance payments made / construction
in progress
EUR 58,001.68
Financial assets
EUR 8,565,678.47
Shares in participations /
subsidiaries and the like
EUR 8,565,678.47
Shares in related companies
EUR 8,565,678.47
Current assets
EUR 53,697,000.40
Stocks
EUR 21,182,778.00
Raw materials, consumables and
supplies
EUR 8,023,129.11
Finished goods / work in progress
EUR 13,159,648.89
Accounts receivable
EUR 22,420,710.09
Trade debtors
EUR 17,355,118.53
Amounts due from related companies
EUR 3,275,217.97
Other debtors and assets
EUR 1,790,373.59
Liquid means
EUR 10,093,512.31
Remaining other assets
EUR 49,403.05
Accruals (assets)
EUR 49,403.05
LIABILITIES EUR 81,198,644.48
Shareholders' equity EUR
49,992,205.29
Capital
EUR 10,000,000.00
Subscribed capital (share capital)
EUR 10,000,000.00
Reserves
EUR 4,124,005.00
Capital reserves EUR 2,500,000.00
Retained earnings / revenue reserves EUR 1,624,005.00
Balance sheet profit/loss (+/-)
EUR 30,868,200.29
Balance sheet profit / loss
EUR 30,868,200.29
Other shareholders' equity (+/-)
EUR 5,000,000.00
Other / unspecified part of the
shareholders' equity
EUR 5,000,000.00
Items between shareholders' equity and
debt capital
EUR 21,186.00
Allowances / bonuses
EUR 21,186.00
Provisions
EUR 16,317,058.60
Pension provisions and comparable
provisions
EUR 8,224,218.09
Provisions
for taxes EUR 400,192.00
Other / unspecified provisions
EUR 7,692,648.51
Liabilities
EUR 14,868,194.59
Financial debts
EUR 2,470,588.23
Liabilities due to banks
EUR 2,470,588.23
Other liabilities
EUR 12,397,606.36
Trade creditors (for IAS incl. bills
of exchange)
EUR 4,112,559.84
Liabilities from received advance
payments
EUR 3,287,308.92
Liabililties due to related companiesEUR 3,272,741.86
Unspecified other liabilities
EUR 1,724,995.74
thereof liabilities from tax /
financial authorities
EUR 327,486.72
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales
EUR 102,138,863.22
Inventory change + own costs (+/-)
EUR -420,951.60
Inventory change (+/-)
EUR -758,887.81
Capitalised own costs
EUR 337,936.21
Other operating income
EUR 3,070,295.60
Cost of materials
EUR 35,066,521.75
Raw materials and supplies, purchased
goods
EUR 31,740,802.25
Purchased services
EUR 3,325,719.50
Gross result (+/-) EUR 69,721,685.47
Staff expenses
EUR 29,817,369.11
Wages and salaries
EUR 25,095,663.58
Social security contributions and
expenses for pension plans and
benefits EUR 4,721,705.53
Total depreciation
EUR 2,691,911.91
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,691,911.91
Other operating expenses
EUR 17,414,474.09
Operating result from continuing
operations
EUR 19,797,930.36
Result from participating interests
(+/-)
EUR 2,000,000.00
Expenses / income from participations EUR 2,000,000.00
Income from related companies
EUR 2,000,000.00
Interest result (+/-)
EUR -1,222,078.64
Interest and similar income
EUR 104,501.05
Interest and similar expenses
EUR 1,326,579.69
thereof paid to related companies
EUR 68,812.10
Financial result (+/-)
EUR 777,921.36
Result from ordinary operations (+/-)
EUR 20,575,851.72
Income tax / refund of income tax (+/-)EUR -5,130,633.00
Other taxes / refund of taxes
EUR -42,417.51
Tax (+/-)
EUR -5,173,050.51
Annual
surplus / annual deficit EUR 15,402,801.21
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.61 |
|
|
1 |
Rs.96.56 |
|
Euro |
1 |
Rs.69.18 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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.