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Report No. : |
321905 |
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Report Date : |
19.05.2015 |
IDENTIFICATION DETAILS
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Name : |
WILH. LAMBRECHT GMBH |
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|
|
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Registered Office : |
Friedländer
Weg 65-67, D 37085 Göttingen |
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|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2013 |
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|
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Date of Incorporation : |
22.12.1979 |
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|
|
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Com. Reg. No.: |
HRB 1096 |
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|
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Legal Form : |
Private limited company |
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|
|
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Line of Business : |
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|
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No of Employees : |
51 |
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
|
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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 Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 5.3% 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. 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 accounts for 34% of total energy consumption, 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.
|
Source
: CIA |
Wilh.
Lambrecht GmbH
Friedländer
Weg 65-67
D 37085
Göttingen
Telephone:0551/49580
Telefax: 0551/4958385
E-mail: info@lambrecht.net
Active
DE811197702
20/200/07368
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1859
Begin of business
activities: 22.12.1979
Shareholders'
agreement: 22.12.1979
Registered on: 08.02.1980
Commercial Register: Local court 37073 Göttingen
under: HRB
1096
Share capital: EUR 2,045,167.52
Shareholder:
Dirk Molthan
Anna-Zammert-Allee 4
D 37073 Göttingen
born: 25.07.1962 in Hann.
Münden
Share: EUR 2,045,167.52
Manager:
Dirk Molthan
Anna-Zammert-Allee 4
D 37073 Göttingen
having sole power of
representation
born: 25.07.1962 in Hann.
Münden
Profession: Businessman
Marital status: divorced
Manager:
Hans-Joachim Molthan
Harbstr. 2
D 35410 Hungen
having sole power of
representation
born: 10.02.1957 in
Göttingen
Further functions/participations of Dirk
Molthan (Manager)
Manager:
LAMBRECHT meteo GmbH
Friedländer Weg 65-67
D 37085 Göttingen
Legal form: Private
limited company
Share capital: EUR 250,000.00
Registered
on: 12.12.2014
Reg. data: 37073 Göttingen, HRB 204465
Vice-president of the Supervisory Board:
Volksbank Göttingen eG
Kurze-Geismar-Str. 2
D 37073 Göttingen
Post Box:
37 62, D 37027 Göttingen
Legal form: Registered
cooperative
Registered
on: 01.06.2006
Reg. data: 37073 Göttingen, GnR 105
Further functions/participations of
Hans-Joachim Molthan (Manager)
Manager:
LAMBRECHT meteo GmbH
Friedländer Weg 65-67
D 37085 Göttingen
Legal form: Private
limited company
Share capital: EUR 250,000.00
Registered
on: 12.12.2014
Reg. data: 37073 Göttingen, HRB 204465
Main industrial sector
26512
Manufacture of instruments and appliances for measuring, testing and
navigation
46520 Wholesale of electronic and
telecommunications equipment and parts
Shareholder:
LAMBRECHT meteo GmbH
Friedländer Weg 65-67
D 37085 Göttingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 250,000.00
Share: EUR 250,000.00
Reg. data: 12.12.2014
Local court
37073 Göttingen
HRB 204465
Shareholder:
Wilh. Lambrecht
Unterstützungseinrichtung
GmbH
Friedländer Weg 65-67
D 37085 Göttingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 16.02.1987
Local court
37073 Göttingen
HRB 1645
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Friedländer
Weg 65-67
D 37085 Göttingen
Land register documents were not available.
Principal bank
SPARKASSE GÖTTINGEN, 37070 GÖTTINGEN,
NIEDERSACHS
Sort. code: 26050001
BIC: NOLADE21GOE
Further banks
COMMERZBANK, 37005 GÖTTINGEN, NIEDERSACHS
Sort. code: 26040030
BIC: COBADEFFXXX
DEUTSCHE BANK, 37073 GÖTTINGEN, NIEDERSACHS
Sort. code: 26070072
BIC: DEUTDE2H260
VOLKSBANK GÖTTINGEN, 37027 GÖTTINGEN,
NIEDERSACHS
Sort. code: 26090050
BIC: GENODEF1GOE
Turnover: 2013 EUR 7,500,000.00
2014 *EUR 7,777,500.00
further business figures:
Equipment: *EUR 382,500.00
Ac/ts receivable: EUR 807,288.00
Liabilities: EUR 774,667.00
Employees: 51
The business figures marked with an asterisk
are estimates based on average values in
the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 79.98
Liquidity ratio: 10.00
Return on total capital [%]: -66.91
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 86.90
Liquidity ratio: 10.00
Return on total capital [%]: 11.41
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 80.29
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 78.28
Liquidity ratio: 10.00
Return on total capital [%]: 21.76
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.
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.
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 6,456,135.15
Fixed assets EUR 1,448,684.25
Intangible assets EUR 293,506.00
Tangible assets EUR 1,154,676.74
Financial assets EUR 501.51
Current assets EUR 4,995,324.26
Stocks EUR 1,653,718.96
Accounts receivable EUR 807,288.34
Investments in current
assets EUR 909,356.76
Liquid means EUR 1,624,960.20
Remaining other
assets EUR 12,126.64
Accruals (assets) EUR 10,072.56
Active difference from
asset
offsetting EUR 2,054.08
LIABILITIES EUR 6,456,135.15
Shareholders' equity EUR 5,192,767.44
Capital EUR 2,045,167.52
Subscribed capital
(share capital) EUR 2,045,167.52
Balance sheet profit/loss
(+/-) EUR 3,147,599.92
Balance sheet profit /
loss EUR 3,147,599.92
Provisions EUR 488,576.47
Liabilities EUR 774,666.53
Other liabilities EUR 124.71
Deferrals
(liabilities) EUR 124.71
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 10,821,263.23
Fixed assets EUR 1,544,310.83
Intangible assets EUR 170,724.50
Tangible assets EUR 1,184,829.27
Financial assets EUR 188,757.06
Current assets EUR 9,265,263.59
Stocks EUR 1,360,599.99
Accounts receivable EUR 933,099.07
Investments in current
assets EUR 2,025,493.97
Liquid means EUR 4,946,070.56
Remaining other
assets EUR 11,688.81
Accruals (assets) EUR 7,261.73
Active difference from
asset
offsetting EUR 4,427.08
LIABILITIES EUR 10,821,263.23
Shareholders' equity EUR 9,414,621.75
Capital EUR 2,045,167.52
Subscribed capital
(share capital) EUR 2,045,167.52
Balance sheet profit/loss
(+/-) EUR 7,369,454.23
Balance sheet profit /
loss EUR
7,369,454.23
Provisions EUR 659,921.40
Liabilities EUR 746,545.26
Other liabilities EUR 174.82
Deferrals
(liabilities) EUR 174.82
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.55 |
|
|
1 |
Rs. 99.86 |
|
Euro |
1 |
Rs. 72.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
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.