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Report No. : |
269801.2 |
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Report Date : |
21.02.2015 |
IDENTIFICATION DETAILS
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Name : |
LYNX TECHNIK AG |
|
|
|
|
Registered Office : |
Brunnenweg
3, D 64331 Weiterstadt |
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|
|
|
Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2013 |
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|
|
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Date of Incorporation : |
21.06.2002 |
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|
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Com. Reg. No.: |
HRB 8664 |
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Legal Form : |
Public Limited Company |
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|
|
|
Line of Business : |
·
Manufacturer
of Consumer Electronics ·
Wholesaler
of Other Equipment and Accessories for Machinery and Technical Supplies. |
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|
|
|
No of Employees : |
30 |
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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|
|
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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 – 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, 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 |
LYNX
Technik AG
Company Status: active
Brunnenweg 3
D 64331 Weiterstadt
Telephone:06150/18170
Telefax: 06150/181710
Homepage: www.lynx-technik.com
E-mail: info@lynx-technik.com
Business relations are permissible.
LEGAL FORM Public
limited company
Date of foundation: 21.06.2002
Registered on: 09.10.2002
Commercial Register: Local court 64283 Darmstadt
under: HRB
8664
EUR 1,444,880.00
Member of the Board of Directors:
Winfried Dietmar
Deckelmann
Schloßgartenstr. 10
D 64331 Weiterstadt
born: 04.10.1958
Profession: graduate engineer
Marital status: married
Member of the Board of Directors:
Bernd Zimmer
Am Reechberg 13
D 64395 Brensbach
having sole power of
representation
born: 22.12.1958
Profession: Businessman
Marital status: married
President of the Supervisory Board:
Kurt Göttmann
Lerchenweg 4
D 64395 Brensbach
born: 10.05.1958
Profession: graduate
engineer
Marital status: unknown
Vice-president of the Supervisory Board:
Roland Ott
D 64823 Groß-Umstadt
Profession: Solicitor
Marital status: unknown
Member of the Supervisory Board:
Bernd Friedrich Poth
Gärtnerweg 83
D 64404 Bickenbach
born: 29.09.1957
Profession: graduate
engineer
Marital status: unknown
Member of the Supervisory Board:
Helmut Nink
D 65232 Taunusstein
Profession: Businessman
Marital status: unknown
Further functions/participations of Winfried
Dietmar Deckelmann
(Member of the Board of Directors)
Shareholder:
Vibes GmbH
Gärtnerweg 8
D 64404 Bickenbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,000.00
Registered
on: 15.07.2014
Reg. data: 64283 Darmstadt, HRB 93371
Further functions/participations of Bernd
Zimmer (Member of the
Board of Directors)
Proprietor:
Bernd Zimmer
Am Reechberg 13
D 64395 Brensbach
Legal form: Unregistered
commercial
enterprise
09.10.2002 - 30.06.2004 LYNX Technik AG
Sandstr. 7
D 64404 Bickenbach
Public limited
company
Main industrial sector
26400
Manufacture of consumer electronics
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Proprietor
Share: 100.00 %
Address Brunnenweg
3
D 64331 Weiterstadt
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 64219 DARMSTADT
Sort. code: 50870005
BIC: DEUTDEFF508
Profit: 2013 EUR 211,837.00
Ac/ts receivable: EUR 1,315,761.00
Liabilities: EUR 1,221,776.00
Employees:
30
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 72.75
Liquidity ratio: 2.90
Return on total capital [%]: 4.21
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 69.03
Liquidity ratio: 10.00
Return on total capital [%]: 18.83
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 59.84
Liquidity ratio: 3.68
Return on total capital [%]: 15.03
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 56.38
Liquidity ratio: 0.79
Return
on total capital [%]: 2.72
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 5,041,820.47
Fixed assets
EUR 1,298,487.37
Intangible assets
EUR 30,345.00
Tangible assets
EUR 1,268,142.37
Current assets
EUR 3,736,430.13
Stocks
EUR 1,652,032.98
Accounts receivable
EUR 1,315,760.51
Liquid means
EUR 768,636.64
Remaining other assets
EUR 6,902.97
Accruals (assets)
EUR 6,902.97
LIABILITIES EUR 5,041,820.47
Shareholders' equity
EUR 3,672,059.96
Capital
EUR 1,444,880.00
Subscribed capital (share capital)
EUR 1,444,880.00
Reserves EUR 112,026.18
Retained earnings / revenue reserves EUR 112,026.18
Balance sheet profit/loss (+/-)
EUR 2,115,153.78
Profit / loss brought forward
EUR 1,903,316.63
Annual surplus / annual deficit EUR 211,837.15
Provisions
EUR 147,984.98
Liabilities
EUR 1,221,775.53
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 5,110,638.26
Fixed assets
EUR 1,130,697.37
Intangible assets
EUR 29,110.00
Tangible assets EUR 1,101,587.37
Current assets
EUR 3,973,441.10
Stocks
EUR 1,540,762.33
Accounts receivable
EUR 830,985.12
Liquid means
EUR 1,601,693.65
Remaining other assets
EUR 6,499.79
Accruals (assets)
EUR 6,499.79
LIABILITIES EUR 5,110,638.26
Shareholders' equity
EUR 3,532,466.81
Capital
EUR 1,444,880.00
Subscribed capital (share capital)
EUR 1,444,880.00
Reserves EUR 64,044.60
Retained earnings / revenue reserves EUR 64,044.60
Balance sheet profit/loss (+/-)
EUR 2,023,542.21
Profit / loss brought forward
EUR 1,063,910.46
Annual surplus / annual deficit
EUR 959,631.75
Provisions
EUR 275,592.19
Liabilities
EUR 1,302,579.26
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.26 |
|
|
1 |
Rs. 96.01 |
|
Euro |
1 |
Rs. 70.72 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.