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Report No. : |
328742 |
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Report Date : |
29.06.2015 |
IDENTIFICATION DETAILS
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Name : |
LITHOS AG |
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Registered Office : |
Otto-Hahn-Str. 14, D 68623 Lampertheim |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
01.01.1977 |
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Com. Reg. No.: |
HRB 86877 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
·
Agents involved in the sale of building
materials and coatings ·
Wholesale of construction materials of
mineral sustances ·
Non-specialized wholesale trade |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
LITHOS AG
Company Status: active
Otto-Hahn-Str. 14
D 68623 Lampertheim
Telephone:06206/94310
Telefax: 06206/943130
Homepage: www.lithosmarmor.de
E-mail:
mail@lithosmarmor.de
VAT
no.: DE111646336
Tax
ID number: 007 238 10429
Business
relations are permissible.
LEGAL FORM Public limited company
Date of foundation: 01.01.1977
Registered on: 26.05.2008
Commercial Register: Local court 64283
Darmstadt
under: HRB 86877
Share capital: EUR 2,000,000.00
Member of the Board of Directors:
Georgios Papadopoulos
Wormser Str. 47
D 68623 Lampertheim
having sole power of
representation
born: 20.05.1956 in
Griechenland
Profession: Businessman
Marital status: married
President of the Supervisory Board:
Federico Lazaridis
1 Ioanni Tsarouhi Str.
GR 6550 Palio
born: 27.11.1965
Nationality: Greek
Marital status: unknown
Member of the Supervisory Board:
Maria Papadopoulou
1 Mesimvrias Str.
GR 66100 Drama
born: 30.11.1960
Nationality: Greek
Marital status: unknown
Member of the Supervisory Board:
Soteris Christou
4 Emonos Str.
GR 14569 Anixi Attiki
born: 02.09.1951
Nationality: Greek
Marital status: unknown
Proxy:
Nikolaos Kalfopoulos
D 59423 Unna
having sole power of
representation
born: 19.07.1961
Further functions/participations of Georgios
Papadopoulos (Member
of
the Board of Directors)
Proprietor:
Georgios Papadopoulos
Duttweiler Str. 16
D 68766 Hockenheim
Legal form: Unregistered
commercial
enterprise
10.11.1977 -
26.05.2008 Lithos-Marmor GmbH
Otto-Hahn-Str. 14
D 68623 Lampertheim
Private limited
company
Main industrial sector
46132
Agents involved in the sale of building materials and coatings
46734
Wholesale of construction materials of mineral sustances
4690
Non-specialized wholesale trade
Branch:
Lithos AG
Steinbrüchenstr. 11a
D 99428 Nohra
TEL.: 03643/779121
FAX.: 03643/779122
Branch:
Lithos AG
Dieselstr. 2
D 21423 Winsen
TEL.: 04171/667137
Branch:
Lithos AG
Max-Planck-Str. 21
D 59423 Unna
TEL.: 02303/9869015
Shareholder:
Hyperion GmbH
Max-Planck-Str. 21
D 59423 Unna
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 30.01.2013
Local court
64283 Darmstadt
HRB 91839
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Otto-Hahn-Str. 14
D 68623 Lampertheim
Land register documents were not available.
DORTMUNDER
VOLKSBANK, 44128 DORTMUND
Sort. code: 44160014, Account no.: 4105989301
BIC: GENODEM1DOR, IBAN: DE60441600144105989301
Ac/ts receivable: EUR 1,060,750.00
Liabilities: EUR
4,696,682.00
The
number of employees is not known.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 38.16
Liquidity ratio: 0.34
Return on total capital [%]: 1.56
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 39.70
Liquidity ratio: 0.44
Return on total capital [%]: 2.49
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 41.56
Liquidity ratio: 0.24
Return on total capital [%]: 0.85
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 41.01
Liquidity ratio: 0.24
Return on total capital [%]: -1.85
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 7,827,071.74
Fixed assets
EUR 2,889,371.21
Intangible assets
EUR 2,165.00
Tangible assets EUR 2,860,846.21
Financial assets
EUR 26,360.00
Other / unspecified financial assets EUR 26,360.00
Current assets
EUR 4,937,700.53
Stocks EUR 2,333,425.10
Accounts receivable
EUR 1,060,750.14
Liquid means
EUR 1,543,525.29
LIABILITIES EUR 7,827,071.74
Shareholders'
equity EUR 2,987,302.34
Capital
EUR 2,000,000.00
Subscribed capital (share capital)
EUR 2,000,000.00
Reserves
EUR 169,609.69
Retained earnings / revenue reserves EUR 169,609.69
Balance sheet profit/loss (+/-)
EUR 817,692.65
Profit / loss brought forward
EUR 701,595.46
Balance sheet profit / loss
EUR 116,097.19
Provisions
EUR 143,087.48
Liabilities
EUR 4,696,681.92
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 7,209,956.78
Fixed assets
EUR 2,483,555.46
Intangible assets
EUR 9,420.00
Tangible assets
EUR 2,447,775.46
Financial assets
EUR 26,360.00
Other / unspecified financial assets EUR 26,360.00
Current assets
EUR 4,726,401.32
Stocks EUR 2,205,841.89
Accounts receivable
EUR 1,252,972.30
Liquid means
EUR 1,267,587.13
LIABILITIES EUR 7,209,956.78
Shareholders' equity EUR 2,865,095.15
Capital
EUR 2,000,000.00
Subscribed capital (share capital)
EUR 2,000,000.00
Reserves
EUR 163,499.69
Retained earnings / revenue reserves EUR 163,499.69
Balance sheet profit/loss (+/-)
EUR 701,595.46
Profit / loss brought forward
EUR 530,750.44
Balance sheet profit / loss
EUR 170,845.02
Provisions
EUR 203,516.79
Liabilities
EUR 4,141,344.84
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.60 |
|
|
1 |
Rs.100.09 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.