MIRA INFORM REPORT

 

 

Report No. :

322540

Report Date :

20.05.2015

 

IDENTIFICATION DETAILS

 

Name :

LOHMANN ANIMAL NUTRITION GMBH

 

 

Registered Office :

Zeppelinstr. 3 D 27472 Cuxhaven

 

 

Country :

Germany

 

 

Date of Incorporation :

06.03.2014

 

 

Com. Reg. No.:

HRB 204504

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

  • Manufacture of prepared feeds for other animals
  • Wholesale of grain, unmanufactured tobacco, seeds and animal feeds

 

 

No. of Employee :

108

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

                                       New Business

 

--

 

Status :

New company

 

 

Payment Behaviour :

Unknown

 

 

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, 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

 

 

Company name and address

 

LOHMANN ANIMAL NUTRITION GMBH

 

 Company Status:      active

                      Zeppelinstr. 3

                      D 27472 Cuxhaven

                      Telephone:04721/5904

                      Homepage: www.lohmann-animal-nutrition.com

                      E-mail:   info@lohmann-animal-nutrition.com

 

 VAT no.:             DE294747501

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Summary

 

 LEGAL FORM              Private limited company

 Date of foundation:      06.03.2014

 Shareholders'

 agreement:                    06.03.2014

 Registered on:             15.05.2014

 Commercial Register:   Local court 21255 Tostedt

 under:                          HRB 204504

 

 

 Share capital

 

 EUR          1,000,000.00

 

 Shareholder:

                      Kaesler Holding GmbH

                      Joachim-Ringelnatz-Str. 7

                      D 27476 Cuxhaven

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Share:             EUR            700,000.00

                      Registered on: 16.12.2014

                      Reg. data: 21255 Tostedt, HRB 204789

 Shareholder:

                      nwk nordwest Kapitalbeteiligungsgesellschaft

                      der Sparkasse Bremen mbH

                      Am Brill 1-3

                      D 28195 Bremen

                      Legal form: Private limited company

                      Share capital:     EUR         10,000,000.00

                      Share:             EUR            300,000.00

                      Registered on: 03.01.1996

                      Reg. data: 28195 Bremen, HRB 16448 HB

 Manager:

                      Dr. Bruno Kaesler

                      Joachim-Ringelnatz-Str. 7

                      D 27476 Cuxhaven

                      having sole power of representation

                      born: 11.01.1958

 

 Further functions/participations of Dr. Bruno Kaesler (Manager)

 Shareholder:

 

                      Kaesler Holding GmbH

                      Joachim-Ringelnatz-Str. 7

                      D 27476 Cuxhaven

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Share:             EUR             26,000.00

                      Registered

                      on:         16.12.2014

                      Reg. data:  21255 Tostedt, HRB 204789

 Manager:

                      Kaesler Holding GmbH

                      Joachim-Ringelnatz-Str. 7

                      D 27476 Cuxhaven

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         16.12.2014

                      Reg. data:  21255 Tostedt, HRB 204789

 

 

 COMPANY HISTORY

 

 15.05.2014 - 01.08.2014  Kaesler Verwaltungs GmbH

                          Joachim-Ringelnatz-Str. 7

                          D 27476 Cuxhaven

                          Private limited company

 01.08.2014 - 07.10.2014  Lohmann Animal Nutrition GmbH

                          Joachim-Ringelnatz-Str. 7

                          D 27476 Cuxhaven

                          Private limited company

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 1092    Manufacture of prepared feeds for other animals

4621    Wholesale of grain, unmanufactured tobacco, seeds and

 animal feeds

 

 

 FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

 REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Zeppelinstr. 3

                      D 27472 Cuxhaven

 

 Land register documents were not available.

 

 

 BANKERS

 

 STADTSPARKASSE CUXHAVEN, 27456 CUXHAVEN

 Sort. code: 24150001

 BIC: BRLADE21CUX

 COMMERZBANK, 27451 CUXHAVEN

 Sort. code: 24140041

 BIC: COBADEFFXXX

 

 

 FINANCIAL FIGURES

 

 Financial year:      15.05. - 31.12.

 Turnover:            2014               EUR         28,428,000.00

 Share capital:                          EUR          1,000,000.00

 Equipment:                              EUR          1,599,000.00

 Ac/ts receivable:                       EUR         10,535,000.00

 Liabilities:                            EUR         23,215,000.00

 Employees:                                                    108


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.69

UK Pound

1

Rs.99.73

Euro

1

Rs.71.90

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

ANK

 


 

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%)

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.