|
Report No. : |
302022 |
|
Report Date : |
13.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
LIEBHERR-MCCTEC
ROSTOCK GMBH |
|
|
|
|
Registered Office : |
Liebherrstr.1
D 18147 Rostock |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
15.08.2002 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
1,183 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
LIEBHERR-MCCTEC ROSTOCK GMBH
Company Status: active
Liebherrstr. 1
D
18147 Rostock
Telephone:0381/6006-0
Telefax: 0381/6006-3999
Homepage: www.liebherr.com/de-DE/46904.wfw
E-mail: info.mcr@liebherr.com
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 15.08.2002
Begin of business
activities: 01.07.2005
Shareholders'
agreement: 15.08.2002
Registered on: 20.09.2002
Commercial Register: Local court 18057 Rostock
under: HRB
9219
Share capital: EUR 1,000,000.00
Shareholder:
LIEBHERR-MCCtec GmbH
Dr. Hans Liebherrstr. 4
A 7610 Nenzing
Legal form: Other legal
form
Share: EUR 1,000,000.00
Manager:
Steffen Pohl
Heinrich-Heine-Ring 25
D 18435 Stralsund
born: 03.06.1963
Marital status: married
Manager:
Thomas Müller
D 17168 Jördenstorf
born: 08.05.1968
Manager:
Dr. Reinhard Krappinger
D 64739 Höchst
born: 31.07.1976
Manager:
Leopold Berthold
A Wald am Arlberg
born: 31.10.1967
Nationality: Austrian
Member of the Supervisory Board:
Andreas Böhm
Baumgartenstr. 7
CH 8910 Affoltern am
Albis
born: 22.04.1967
Nationality: Swiss
Member of the Supervisory Board:
Denis Zosso
Pepiniere 76
CH 1630 Bulle
born: 08.10.1954
Nationality: Swiss
Representative of the Employees within the
Supervisory Board:
Martin Lindenberg
D 18147 Rostock
Marital status: unknown
Representative of the Employees within the
Supervisory Board:
Manuela Möller
D 18147 Rostock
Marital status: unknown
Proxy:
Wolf Nisslmüller
D 10115 Berlin
authorized to jointly
represent the company
born: 25.09.1958
Further functions/participations of Steffen
Pohl (Manager)
General partner:
Bauherrengemeinschaft
"Die Bröker" GbR
August-Bebel-Str. 32c c/o
cubus architekten
D 18055 Rostock
Legal form: Partnership
under the Civil Code
15.11.2010 - 03.07.2013 Member of the Supervisory Board
Martin Lindenberg
D 18147 Rostock
15.11.2010 - 03.07.2013 Member of the Supervisory Board
Manuela Möller
D 18147 Rostock
23.10.2012 - 10.06.2013 President of the Supervisory Board
Robert Bausch
D 18147 Rostock
23.10.2012 - 10.06.2013 Vice-president of the Supervisory Board
Dieter Frasch
D 18147 Rostock
25.05.2012 - 28.05.2013 Manager
Patrick Joseph OLeary
IRL Killarney
15.11.2010 - 23.10.2012 President of the Supervisory Board
Dieter Frasch
D 18147 Rostock
15.11.2010 - 23.10.2012 Vice-president of the Supervisory Board
Robert Bausch
D 18147 Rostock
25.01.2012 - 14.05.2012 Manager
Gerhard Frainer
A Bludenz
22.10.2002 - 16.01.2012 Manager
Manfred Brandl
A 6673 Vandans
Main industrial sector
28220
Manufacture of lifting and handling equipment
33120 Repair of machinery
71122 Engineering activities in the field of
technical sectoral planning andengineering design
Secondary industrial sector
82999
Other business support service activities n. e. c.
Branch:
Liebherr-MCCtec Rostock
GmbH
Latzower Str. 1
D 17509 Rubenow
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Liebherrstr.
1
D 18147 Rostock
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 89006 ULM, DONAU
Sort. code: 63070088, Account no.: 2070100
BIC: DEUTDESS630, IBAN: DE40630700880207010000
Turnover: 2013 EUR 285,700,000.00
Equipment: EUR 11,788,924.00
Ac/ts receivable: EUR 83,991,501.00
Liabilities: EUR
132,014,908.00
Real estate of the
firm: EUR 113,951,236.00
Employees:
1,183
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 83.07
Liquidity ratio: 1.79
Return on total capital
[%]: 1.34
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 87.28
Liquidity ratio: 3.22
Return on total capital
[%]: 2.78
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 86.54
Liquidity ratio: 3.39
Return on total capital
[%]: 7.41
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: 75.45
Liquidity ratio: 0.97
Return on total capital
[%]: -2.57
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 361,086,299.00
Fixed assets EUR 163,038,268.17
Intangible assets EUR 185,757.02
Concessions, licences,
rights EUR 185,757.02
Tangible assets EUR 162,852,511.15
Land / similar rights EUR 113,951,235.95
Plant / machinery EUR 34,963,992.92
Other tangible assets /
fixtures and
fittings EUR 11,788,923.88
Advance payments made /
construction
in progress EUR 2,148,358.40
Current assets EUR 197,987,733.23
Stocks EUR 111,688,375.61
Raw materials,
consumables and
supplies EUR 29,327,653.57
Finished goods / work in
progress EUR 81,066,809.54
Advance payments
made EUR 1,293,912.50
Accounts receivable EUR 83,991,500.64
Trade debtors EUR 356,173.75
Amounts due from related
companies EUR 81,243,348.80
Other debtors and
assets EUR 2,391,978.09
Liquid means EUR 2,307,856.98
Remaining other
assets EUR 60,297.60
Accruals (assets) EUR 60,297.60
LIABILITIES EUR 361,086,299.00
Shareholders' equity EUR 210,508,327.48
Capital EUR 1,000,000.00
Subscribed capital
(share capital) EUR 1,000,000.00
Reserves EUR 187,000,000.00
Capital reserves EUR 187,000,000.00
Balance sheet profit/loss
(+/-) EUR 22,508,327.48
Balance sheet profit /
loss EUR 22,508,327.48
Items between
shareholders' equity and
debt capital EUR 13,442,321.00
Allowances / bonuses EUR 13,442,321.00
Provisions EUR 5,120,742.58
Pension provisions and
comparable
provisions EUR 239,584.00
Provisions for taxes EUR 798,000.00
Other / unspecified
provisions EUR 4,083,158.58
Liabilities EUR 132,014,907.94
Other liabilities EUR 132,014,907.94
Trade creditors (for IAS
incl. bills
of exchange) EUR 13,614,154.10
Liabilities from
received advance
payments EUR 1,517,420.00
Liabililties due to related
companiesEUR 110,266,513.11
Unspecified other
liabilities EUR 6,616,820.73
thereof liabilities
from tax /
financial
authorities EUR 6,614,623.22
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 286,823,670.74
Inventory change + own
costs (+/-) EUR 6,926,392.93
Inventory change
(+/-) EUR 6,529,556.08
Capitalised own
costs EUR 396,836.85
Other operating
income EUR 3,610,512.79
Cost of materials EUR 208,205,809.02
Raw materials and
supplies, purchased
goods EUR 202,497,342.10
Purchased services EUR 5,708,466.92
Gross result (+/-) EUR 89,154,767.44
Staff expenses EUR 41,084,363.45
Wages and salaries EUR 33,743,952.00
Social security
contributions and
expenses for pension
plans and
benefits EUR 7,340,411.45
Total depreciation EUR 13,774,663.35
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 13,774,663.35
Other operating
expenses EUR 23,275,011.79
Operating result from
continuing
operations EUR 11,020,728.85
Interest result (+/-) EUR -2,699,364.46
Interest and similar
income EUR 49,107.73
Interest and similar expenses EUR 2,748,472.19
thereof paid to related
companies EUR 2,628,851.38
Financial result
(+/-) EUR -2,699,364.46
Result from ordinary
operations (+/-) EUR 8,321,364.39
Income tax / refund of
income tax (+/-)EUR -3,254,525.09
Other taxes / refund of
taxes EUR -242,483.54
Tax (+/-) EUR -3,497,008.63
Annual surplus / annual
deficit EUR 4,824,355.76
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 364,412,811.93
Fixed assets EUR 161,315,737.63
Intangible assets EUR 33,959.79
Concessions, licences,
rights EUR 33,959.79
Tangible assets EUR 161,281,777.84
Land / similar
rights EUR 91,483,777.49
Plant / machinery EUR 34,454,265.66
Other tangible assets /
fixtures and
fittings EUR 9,989,004.65
Advance payments made /
construction
in progress EUR
25,354,730.04
Current assets EUR 203,055,506.99
Stocks EUR 106,114,652.85
Raw materials,
consumables and
supplies EUR 31,154,542.69
Finished goods / work in
progress EUR 74,537,253.46
Advance payments
made EUR 422,856.70
Accounts receivable EUR 88,967,446.36
Trade debtors EUR 1,596,750.92
Amounts due from related
companies EUR 81,628,917.57
Other debtors and
assets EUR 5,741,777.87
Liquid means EUR 7,973,407.78
Remaining other
assets EUR 41,567.31
Accruals (assets) EUR 41,567.31
LIABILITIES EUR 364,412,811.93
Shareholders' equity EUR 215,683,971.72
Capital EUR 1,000,000.00
Subscribed capital
(share capital) EUR 1,000,000.00
Reserves EUR 187,000,000.00
Capital reserves EUR 187,000,000.00
Balance sheet profit/loss
(+/-) EUR 27,683,971.72
Balance sheet profit /
loss EUR 27,683,971.72
Items between
shareholders' equity and
debt capital EUR 13,654,864.79
Allowances / bonuses EUR 13,654,864.79
Provisions EUR 3,935,174.64
Pension provisions and
comparable
provisions EUR 96,328.00
Provisions for taxes EUR
1,395,900.00
Other / unspecified
provisions EUR 2,442,946.64
Liabilities EUR 131,138,800.78
Other liabilities EUR 131,138,800.78
Trade creditors (for IAS
incl. bills
of exchange) EUR 13,423,229.19
Liabilities from
received advance
payments EUR 1,517,420.00
Liabililties due to
related companiesEUR
109,479,932.75
Unspecified other liabilities EUR 6,718,218.84
thereof liabilities
from tax /
financial
authorities EUR 6,690,807.22
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 256,489,476.29
Inventory change + own
costs (+/-) EUR 16,782,656.93
Inventory change
(+/-) EUR 16,187,984.51
Capitalised own
costs EUR 594,672.42
Other operating
income EUR 5,561,815.85
Cost of materials EUR 197,281,133.48
Raw materials and
supplies, purchased
goods EUR 192,008,344.67
Purchased services EUR 5,272,788.81
Gross result (+/-) EUR 81,552,815.59
Staff expenses EUR 33,508,839.45
Wages and salaries EUR 27,430,859.40
Social security
contributions and
expenses for pension
plans and
benefits EUR 6,077,980.05
Total depreciation EUR 11,733,511.34
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 11,733,511.34
Other operating
expenses EUR 20,021,232.92
Operating result from
continuing
operations EUR 16,289,231.88
Interest result (+/-) EUR -2,702,278.15
Interest and similar
income EUR 213,903.18
Interest and similar
expenses EUR 2,916,181.33
thereof paid to related
companies EUR 2,910,870.05
Financial result
(+/-) EUR -2,702,278.15
Result from ordinary
operations (+/-) EUR 13,586,953.73
Income tax / refund of
income tax (+/-)EUR -3,155,939.42
Other taxes / refund of
taxes EUR -291,788.87
Tax (+/-) EUR -3,447,728.29
Annual surplus / annual
deficit EUR 10,139,225.44
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
|
1 |
Rs.94.28 |
|
Euro |
1 |
Rs.73.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.