|
Report No. : |
305280 |
|
Report Date : |
31.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
LANGGUTH GMBH |
|
|
|
|
Registered Office : |
Im Südfeld 17, D 48308 Senden |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
26.03.1993 |
|
|
|
|
Com. Reg. No.: |
HRB 7104 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture
of Other Special-Purpose Machinery n.e.c. · Advertising agencies |
|
|
|
|
No. of Employees : |
92 |
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 |
|
|
|
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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 – 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 |
LANGGUTH
GMBH
Company Status: active
Im Südfeld 17
D 48308 Senden
Telephone: 02536/8060
Telefax: 02536/80666
Homepage: www.langguth.com
E-mail: info@langguth.com
DE125905495
333/5078/5728
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1993
Registered on: 26.03.1993
Commercial Register: Local court 48653 Coesfeld
under: HRB
7104
EUR 2,000,000.00
Shareholder:
Irene Langguth
Schölling 28
D 48308 Senden
born: 27.02.1956
Share: EUR 1,981,300.00
Shareholder:
Rainer Lehmann
Steinstr. 32
D 48301 Nottuln
born: 14.04.1938
Share: EUR 18,700.00
Manager:
Klaus Erich Pekruhl
Hohe Geest 2b
D 48165 Münster
having sole power of
representation
born: 24.01.1952
Profession: Engineer
Marital status: married
Manager:
Irene Langguth
Schölling 28
D 48308 Senden
born: 27.02.1956
Profession: Non-medical
practitioner
Manager:
Thorsten Langguth
D 48143 Münster
born: 16.08.1976
Proxy:
Peter Tschoepe
D 48341 Altenberge
having sole power of
representation
born: 20.05.1960
Further functions/participations of Klaus
Erich Pekruhl (Manager)
Shareholder:
Meypack
Verpackungssystemtechnik GmbH
Industriestr. 3
D 48301 Nottuln
Legal form: Private
limited company
Share capital: EUR 51,129.20
Share: EUR 15,338.76
Registered
on: 20.12.1996
Reg. data: 48653 Coesfeld, HRB 2332
Further functions/participations of Irene
Langguth (Manager)
Member:
Irene Langguth und Hilmar
Langguth
Im Südfeld 17
D 48308 Senden
Legal form: Community of
heirs
26.03.1993 - 29.03.1996 Langguth Maschinen-Handels-GmbH
Bahnhofstr. 88
D 48308 Senden
Private limited
company
15.11.2000 - 21.02.2012 Manager
Hilmar Langguth
D 49626 Berge
Main
industrial sector
28990
Manufacture of other special-purpose machinery n.e.c.
4669
Wholesale of other machinery, equipment and supplies
73110
Advertising agencies
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Im Südfeld 17
D 48308 Senden
Land register documents were not available.
COMMERZBANK,
48136 MÜNSTER, WESTF
Sort. code: 40040028, Account no.: 426600300
BIC: COBADEFFXXX
VOLKSBANK MÜNSTER, 48044 MÜNSTER, WESTF
Sort. code: 40160050, Account no.: 13013900
BIC: GENODEM1MSC
SPARKASSE MÜNSTERLAND OST, 48151 MÜNSTER,
WESTF
Sort. code: 40050150, Account no.: 85003242
BIC: WELADED1MST
Turnover: 2013 EUR 13,100,000.00
Expected turnover: EUR 14,000,000.00
Equipment: EUR 224,384.00
Ac/ts receivable: EUR 1,792,226.00
Liabilities: EUR 1,005,356.00
Employees:
92
-
Trainees: 12
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 61.44
Liquidity ratio: 2.28
Return on total capital [%]: 1.22
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 54.37
Liquidity ratio: 1.69
Return on total capital [%]: 4.03
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 54.90
Liquidity ratio: 2.55
Return on total capital [%]: 9.71
Balance sheet ratios 01.01.2009 -
31.12.2009
Equity ratio [%]: 49.68
Liquidity ratio: 1.17
Return on total capital [%]: -11.73
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 4,192,636.84
Fixed assets
EUR 232,540.97
Tangible assets
EUR 232,484.94
Plant / machinery EUR 8,101.10
Other tangible assets / fixtures and
fittings
EUR 224,383.84
Financial assets
EUR 56.03
Shares in participations /
subsidiaries and the like
EUR 56.03
Shares in related companies
EUR 56.03
Current assets
EUR 3,917,851.72
Stocks
EUR 1,914,270.71
Raw materials, consumables and
supplies
EUR 864,111.07
Finished goods / work in progress
EUR 1,881,856.70
Minus received advance payments for
orders / installments for stocks
EUR -831,697.06
Accounts receivable
EUR 1,792,225.91
Trade debtors
EUR 1,209,745.45
Amounts due from related companies
EUR 563,975.60
Other debtors and assets EUR 18,504.86
Liquid means
EUR 211,355.10
Remaining other assets
EUR 42,244.15
Accruals (assets)
EUR 42,244.15
LIABILITIES EUR 4,192,636.84
Shareholders' equity
EUR 2,569,421.17
Capital
EUR 2,000,000.00
Subscribed capital (share capital)
EUR 2,000,000.00
Reserves
EUR 1,928.60
Retained earnings / revenue reserves EUR 1,928.60
Balance sheet profit/loss (+/-)
EUR 567,492.57
Profit / loss brought forward
EUR 516,453.55
Annual surplus / annual deficit
EUR 51,039.02
Provisions
EUR 617,858.84
Other / unspecified provisions
EUR 617,858.84
Liabilities
EUR 1,005,356.03
Financial debts
EUR 498,204.06
Liabilities due to banks
EUR 498,204.06
Other liabilities
EUR 507,151.97
Trade creditors (for IAS incl. bills
of exchange)
EUR 298,910.60
Liabilities due to shareholders
EUR 6,347.45
Unspecified other liabilities
EUR 201,893.92
thereof liabilities from tax /
financial authorities
EUR 141,485.16
thereof liabilities from social
security
EUR 31,289.33
Difference assets / liabilities
EUR 0.80
Guarantees and other commitments EUR 1,375,938.00
Guarantees / warranties
EUR 1,375,938.00
Guarantees
EUR 1,375,938.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 11,525,685.54
Inventory change + own costs (+/-)
EUR -236,457.66
Inventory change (+/-)
EUR -236,457.66
Other operating income
EUR 242,310.05
Cost of materials
EUR 4,424,303.06
Raw materials and supplies, purchased
goods
EUR 3,986,928.42
Purchased services
EUR 437,374.64
Gross result (+/-)
EUR 7,107,234.87
Staff expenses
EUR 4,752,994.07
Wages and salaries
EUR 3,932,915.28
Social security contributions and
expenses for pension plans and
benefits
EUR 820,078.79
Total depreciation
EUR 51,758.53
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 51,758.53
Other operating expenses
EUR 2,206,498.64
Operating result from continuing
operations
EUR 95,983.63
Interest result (+/-)
EUR -21,003.62
Interest and similar income
EUR 15,394.19
thereof from related companies
EUR 12,033.90
Interest and similar expenses
EUR 36,397.81
Other financial result
EUR -0.06
Other financial expenses
EUR 0.06
Financial result (+/-)
EUR -21,003.68
Result from ordinary operations (+/-)
EUR 74,979.95
Income tax / refund of income tax (+/-)EUR 105.91
Other taxes / refund of taxes
EUR -24,046.04
Tax
(+/-)
EUR -23,940.13
Annual surplus / annual deficit
EUR 51,039.82
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 4,632,216.27
Fixed assets
EUR 257,623.97
Tangible assets EUR 257,567.94
Plant / machinery
EUR 3,835.10
Other tangible assets / fixtures and
fittings
EUR 253,732.84
Financial assets
EUR 56.03
Shares in participations /
subsidiaries and the like
EUR 56.03
Shares in investee companies
EUR 56.03
Current assets
EUR 4,331,266.15
Stocks
EUR 2,179,870.22
Raw materials, consumables and
supplies
EUR 821,823.00
Finished goods / work in progress
EUR 2,118,314.36
Minus received advance payments for
orders / installments for stocks
EUR -760,267.14
Accounts receivable
EUR 2,055,095.54
Trade debtors
EUR 1,573,453.88
Amounts due from investee companies
EUR 464,150.95
Other debtors and assets
EUR 17,490.71
Liquid means
EUR 96,300.39
Remaining other assets
EUR 43,326.15
Accruals (assets) EUR 43,326.15
thereof disagio
EUR 0.00
LIABILITIES EUR 4,632,216.27
Shareholders' equity
EUR 2,518,382.15
Capital EUR 2,000,000.00
Subscribed capital (share capital)
EUR 2,000,000.00
Reserves
EUR 1,928.60
Retained earnings / revenue reserves EUR 1,928.60
Balance
sheet profit/loss (+/-) EUR 516,453.55
Profit / loss brought forward
EUR 329,714.67
Annual surplus / annual deficit
EUR 186,738.88
Provisions
EUR 786,650.00
Other / unspecified provisions
EUR 786,650.00
Liabilities
EUR 1,312,517.45
Financial debts
EUR 607,790.04
Liabilities due to banks
EUR 607,790.04
Other liabilities
EUR 704,727.41
Trade creditors (for IAS incl. bills
of exchange)
EUR 424,077.41
Liabilities due to shareholders
EUR 0.00
Unspecified other liabilities
EUR 280,650.00
thereof liabilities from tax /
financial authorities
EUR 57,999.68
thereof liabilities from social
security
EUR 24,394.46
Other liabilities
EUR 14,666.67
Deferrals (liabilities)
EUR 14,666.67
Guarantees and other commitments
EUR 1,690,079.00
Guarantees / warranties EUR 1,690,079.00
Guarantees
EUR 1,690,079.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 13,054,793.16
Inventory change + own costs (+/-)
EUR 556,510.08
Inventory change (+/-)
EUR 556,510.08
Other operating income
EUR 186,527.85
Cost of materials
EUR 6,773,707.70
Raw materials and supplies, purchased
goods
EUR 6,100,322.91
Purchased services
EUR 673,384.79
Gross result (+/-)
EUR 7,024,123.39
Staff expenses EUR 4,654,884.12
Wages and salaries
EUR 3,889,665.24
Social security contributions and
expenses for pension plans and
benefits
EUR 765,218.88
Total depreciation
EUR 64,701.67
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 64,701.67
Other operating expenses EUR 2,066,525.15
Operating result from continuing
operations
EUR 238,012.45
Interest result (+/-)
EUR -41,635.96
Interest and similar income
EUR 5,268.98
thereof from related companies
EUR 0.00
Interest and similar expenses
EUR 46,904.94
thereof paid to related companies
EUR 0.00
Other financial result EUR 12,033.90
Income from securities and loans from
financial assets
EUR 12,033.90
Financial result (+/-)
EUR -29,602.06
Result from ordinary operations (+/-)
EUR 208,410.39
Income tax / refund of income tax (+/-)EUR 886.47
Other taxes / refund of taxes
EUR -22,557.98
Tax
(+/-)
EUR -21,671.51
Annual surplus / annual deficit
EUR 186,738.88
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.76 |
|
|
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.