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Report No. : |
353519 |
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Report Date : |
12.12.2015 |
IDENTIFICATION DETAILS
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Name : |
LINDNER GEBR. GMBH & CO.
KG |
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|
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Registered Office : |
Parchimer Str. 43 D 22143
Hamburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
1984 |
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|
|
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Legal Form : |
Ltd partnership with
priv. ltd. company as general partner |
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|
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Line of Business : |
·
Wholesale of food n.e.c. ·
Non-specialized wholesale
trade |
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No. of Employee : |
4 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 5.2% 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. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed private investment. 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 accounted for 27.8% of gross electricity consumption in 2014, 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. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
Lindner Gebr. GmbH & Co. KG
Parchimer Str. 43
D 22143 Hamburg
Telephone:040/668598-0
Telefax: 040/668598-28
Homepage: www.lindner-gebr.de
E-mail: info@lindner-gebr.de
Active
DE217253189
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1984
Registered on: 05.04.2001
Register of
companies: Local
court 20355 Hamburg
under: HRA
95626
Total cap. contribution: EUR 110,000.00
Limited partner:
Günter Herbert Zingelmann
Parchimer Str. 43
D 22143 Hamburg
born: 21.04.1945
Share: EUR 110,000.00
General partner:
Zingelmann GmbH
Parchimer Str. 43
D 22143 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 30.01.2001
Reg. data: 20355 Hamburg,
HRB 78692
Shareholder:
Günter Herbert Zingelmann
Parchimer Str. 43
D 22143 Hamburg
born: 21.04.1945
Share: EUR 25,000.00
Manager:
Günter Herbert Zingelmann
Parchimer Str. 43
D 22143 Hamburg
having sole power of
representation
born: 21.04.1945
Profession: Businessman
Marital status: single
Proxy:
Marcel André Zingelmann
D 22143 Hamburg
authorized to jointly
represent the company
born: 09.06.1982
born: Bassiner
Marital status: unknown
Proxy:
Jean-Philippe Zingelmann
D 22143 Hamburg
authorized to jointly
represent the company
born: 03.04.1980
born: Bassiner
11.09.1984 - 05.04.2001 Lindner
Gebr. GmbH
Parchimer Str. 43
D 22143 Hamburg
Private limited company
Main industrial sector
46389 Wholesale of food n.e.c.
46903 Non-specialized wholesale trade
Payment experience: No
Complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2014
Type of ownership: Tenant
Address Parchimer
Str. 43
D 22143 Hamburg
Real Estate of: Zingelmann
GmbH
Type of ownership: Tenant
Address Parchimer
Str. 43
D 22143 Hamburg
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000
BIC: DEUTDEHHXXX
Further bank
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000
BIC: COBADEHHXXX
Turnover: 2013 *EUR 3,000,000.00
2014 *EUR 3,000,000.00
Profit: 2013 EUR 162,884.00
further business figures:
Equipment: *EUR 28,000.00
Ac/ts receivable: EUR 224,684.00
Liabilities: EUR 799,541.00
Employees:
4
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 36.07
Liquidity ratio: 0.35
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 30.62
Liquidity ratio: 0.37
Return on total capital [%]: 17.72
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 10.09
Liquidity ratio: 0.18
Return on total capital [%]: 17.29
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 25.83
Liquidity ratio: 0.29
Return on total capital [%]: 19.90
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 1,103,902.87
Fixed assets EUR 38,084.00
Intangible assets EUR 1,142.00
Tangible assets EUR 36,942.00
Current assets EUR 1,060,093.93
Stocks EUR 807,532.58
Accounts receivable EUR 221,588.56
Liquid means EUR 30,972.79
Remaining other
assets EUR 5,724.94
Accruals (assets) EUR 5,724.94
LIABILITIES EUR 1,103,902.87
Shareholders' equity EUR 110,000.00
Capital EUR 110,000.00
Provisions EUR 40,738.00
Liabilities EUR 953,164.87
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 920,441.46
Fixed assets EUR 50,648.00
Intangible assets EUR 2,111.00
Tangible assets EUR 48,537.00
Current assets EUR 863,153.22
Stocks EUR 626,256.78
Accounts receivable EUR 224,684.28
Liquid means EUR 12,212.16
Remaining other
assets EUR 6,640.24
Accruals (assets) EUR 6,640.24
LIABILITIES EUR 920,441.46
Shareholders' equity EUR 110,000.00
Capital EUR 110,000.00
Provisions EUR 10,900.00
Liabilities EUR 799,541.46
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
|
Euro |
1 |
Rs.73.81 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
TRU |
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.