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Report No. : |
324327 |
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Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
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Name : |
LIEBHERR-WERK EHINGEN GMBH |
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Registered Office : |
Dr.-Hans-Liebherr-Str.
1, D 89584 Ehingen, Post Box: 13 61, D 89582 Ehingen |
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|
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Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
22.02.1969 |
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Com. Reg. No.: |
HRB 490123 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No of Employees : |
2,944 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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 |
Liebherr-Werk
Ehingen GmbH
Dr.-Hans-Liebherr-Str.
1
D 89584
Ehingen
Post Box:
13 61, D
89582 Ehingen
Telephone:07391/5020
Telefax: 07391/5023399
Homepage: www.liebherr.com
E-mail: info.lwe@liebherr.com
Active
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1969
Shareholders'
agreement: 22.02.1969
Registered on: 17.03.1969
Commercial Register: Local court 89073 Ulm
under: HRB
490123
Share capital: EUR 150,000,000.00
Shareholder:
Liebherr-International AG
45, rue de l'Industrie
CH 1630 Bulle/FR
Legal form: Other legal
form
Share: EUR 150,000,000.00
Manager:
Mario Trunzer
D 87488 Betzigau
born: 10.10.1958
Marital status: married
Manager:
Dr.Ing. Ulrich Hamme
D 66740 Saarlouis
Manager:
Hubert Hummel
D 89607 Emerkingen
born: 13.12.1956
Manager:
Christoph Kleiner
D 88400 Biberach
born: 08.10.1965
President of the Supervisory Board:
Dipl.Volkswirt Henning
Rapp
D 88447 Warthausen
born: 06.04.1944
Profession: Fully
qualified political
economist
Vice-president of the Supervisory Board:
Robert Harald Bausch
Schmelzweg 6
D 88400 Biberach
born: 09.03.1948
Representative of the Employees within the
Supervisory Board:
Rolf Ebe
D 89584 Ehingen
Proxy:
Walter Marquardt
Großherzog-Friedrich-Str.
13
D 78465 Konstanz
authorized to jointly
represent the company
Proxy:
Anton Ibach
Zum Alten Tal 9
D 89597 Munderkingen
authorized to jointly
represent the company
Proxy:
Hans-Dieter Willim
Jahnweg 35
D 89079 Ulm
authorized to jointly represent the company
Proxy:
Ralf Baus
D 89584 Ehingen
authorized to jointly
represent the company
born: 28.01.1963
Proxy:
Jürgen Joos
D 89584 Ehingen
authorized to jointly
represent the company
born: 09.03.1964
17.03.1969 - 08.10.2001 Liebherr-Werk
Ehingen Gesellschaft mit
beschränkter
Haftung
Münsinger Str. 80
D 89584 Ehingen
Private limited company
Main industrial sector
28910
Manufacture of machinery for metallurgy
Secondary industrial sector
46692
Wholesale of other machinery
Branch:
Liebherr-Werk Ehingen
GmbH
Zielitzstr. 1
D 14822 Linthe
TEL.: 033845-67110
Branch:
Liebherr-Werk Ehingen
GmbH
Dorstener Str. 107
D 46145 Oberhausen
TEL.: 0208/69017-0
Foreign participations:
- Liebherr Italia S.p.A., Monfalcone/I,
100%
- Liebherr-Nederland B.V., Amersfoort/NL,
100%
- Liebherr Mobile Cranes Korea Ltd.,
Seoul/South Korea, 100%
- Liebherr-Japan Co. Ltd., Yokohama/Japan,
100%
- Liebherr-Cranes Inc., Newport News/USA,
100%
- Liebherr-Grues Mobiles S.A.S.,
Niederhergheim/F, 100%
Payment
experience: within agreed terms
Negative
information: We have no negative
information at hand.
Balance
sheet year: 2013
Type of ownership: proprietor
Share: 100.00 %
Address Dr.-Hans-Liebherr-Str.
1
D 89584 Ehingen
Value at selling price: EUR 11,000,000.00
Land register documents were not available.
Principal bank
COMMERZBANK, 89584 EHINGEN (DONAU)
Sort. code: 63040053
BIC: COBADEFFXXX
Further banks
SPARKASSE ULM, 89584 EHINGEN (DONAU)
Sort. code: 63050000
BIC: SOLADES1ULM
COMMERZBANK, 89005 ULM, DONAU
Sort. code: 63040053
BIC: COBADEFFXXX
COMMERZBANK VORMALS DRESDNER BANK, 89005 ULM,
DONAU
Sort. code: 63080015
BIC: DRESDEFF630
BUNDESBANK, 70049 STUTTGART
Sort. code: 60000000
BIC: MARKDEF1600
Turnover: 2013 EUR 1,718,515,662.00
Profit: 2013 EUR 225,235,165.00
Ac/ts receivable: EUR 323,174,714.00
Liabilities: EUR 193,822,951.00
Employees:
2,944
- thereof permanent
staff:
2,771
- Trainees:
173
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 67.77
Liquidity ratio: 2.17
Return on total capital [%]: 20.06
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 71.35
Liquidity ratio: 2.20
Return on total capital [%]: 19.16
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 69.86
Liquidity ratio: 1.67
Return on total capital [%]: 17.03
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 64.86
Liquidity ratio: 1.46
Return on total capital [%]: 28.86
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 1,122,753,136.00
Fixed assets EUR 205,747,273.00
Intangible assets EUR 625,172.00
Concessions, licences,
rights EUR 625,172.00
Tangible assets EUR 182,366,657.00
Advance payments made /
construction
in progress EUR 182,366,657.00
Financial assets EUR 22,755,444.00
Other loans EUR 22,755,444.00
Current assets EUR 912,029,624.00
Stocks EUR 543,772,627.00
Finished goods / work in
progress EUR 543,772,627.00
Accounts receivable EUR 323,174,714.00
Other debtors and
assets EUR 323,174,714.00
Liquid means EUR 45,082,283.00
Remaining other
assets EUR 4,976,239.00
Accruals (assets) EUR
114,100.00
Active difference from
asset
offsetting EUR 4,862,139.00
LIABILITIES EUR 1,122,753,136.00
Shareholders' equity EUR 760,865,353.00
Capital EUR 150,000,000.00
Subscribed capital
(share capital) EUR 150,000,000.00
Balance sheet profit/loss
(+/-) EUR 610,865,353.00
Profit / loss brought
forward EUR 385,630,188.00
Annual surplus / annual
deficit EUR 225,235,165.00
Provisions EUR 168,064,832.00
Pension provisions and
comparable
provisions EUR 7,818,600.00
Provisions for taxes EUR 27,437,000.00
Other / unspecified
provisions EUR 132,809,232.00
Liabilities EUR 193,822,951.00
Financial debts EUR 36,991,514.00
Liabilities due to
banks EUR 36,991,514.00
Other liabilities EUR 156,831,437.00
Trade creditors (for IAS
incl. bills
of exchange) EUR 90,332,232.00
Liabilities from
received advance
payments EUR 14,148,262.00
Liabililties due to
related companiesEUR
46,724,698.00
Unspecified other
liabilities EUR 5,626,245.00
thereof liabilities
from tax /
financial
authorities EUR 4,613,848.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 1,718,515,662.00
Inventory change + own
costs (+/-) EUR -31,054,227.00
Inventory change
(+/-) EUR -31,054,227.00
Other operating
income EUR 25,563,061.00
Cost of materials EUR 1,027,829,081.00
Raw materials and
supplies, purchased
goods EUR 968,822,111.00
Purchased services EUR 59,006,970.00
Gross result (+/-) EUR 685,195,415.00
Staff expenses EUR 199,728,165.00
Wages and salaries EUR 166,722,670.00
Social security
contributions and
expenses for pension
plans and
benefits EUR 33,005,495.00
Total depreciation EUR 19,183,857.00
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 19,183,857.00
Other operating
expenses EUR 168,081,164.00
Operating result from
continuing
operations EUR 298,202,229.00
Result from participating
interests
(+/-) EUR 11,489,827.00
Expenses / income from participations
EUR 11,489,827.00
Income from related
companies EUR 11,489,827.00
Interest result (+/-) EUR -1,823,306.00
Interest and similar
income EUR 658,103.00
thereof from related
companies EUR 0.00
Interest and similar
expenses EUR 2,481,409.00
thereof paid to related
companies EUR 351,466.00
Financial result
(+/-) EUR 9,666,521.00
Result from ordinary
operations (+/-) EUR 307,868,750.00
Income tax / refund of
income tax (+/-)EUR -82,249,989.00
Other taxes / refund of
taxes EUR -383,596.00
Tax (+/-) EUR -82,633,585.00
Annual surplus / annual
deficit EUR 225,235,165.00
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 1,045,637,742.00
Fixed assets EUR 196,834,823.00
Intangible assets EUR 864,520.00
Concessions, licences,
rights EUR 864,520.00
Tangible assets EUR
173,154,028.00
Advance payments made /
construction
in progress EUR 173,154,028.00
Financial assets EUR 22,816,275.00
Other loans EUR 22,816,275.00
Current assets EUR 845,855,123.00
Stocks EUR 548,806,179.00
Finished goods / work in
progress EUR 548,806,179.00
Accounts receivable EUR
275,242,975.00
Other debtors and
assets EUR 275,242,975.00
Liquid means EUR 21,805,969.00
Remaining other
assets EUR 2,947,796.00
Accruals (assets) EUR 119,400.00
Active difference from
asset
offsetting EUR 2,828,396.00
LIABILITIES EUR 1,045,637,742.00
Shareholders' equity EUR 685,630,188.00
Capital EUR 150,000,000.00
Subscribed capital
(share capital) EUR 150,000,000.00
Balance sheet profit/loss
(+/-) EUR 535,630,188.00
Profit / loss brought
forward EUR
335,235,300.00
Annual surplus / annual
deficit EUR 200,394,888.00
Provisions EUR 152,592,020.00
Pension provisions and
comparable
provisions EUR 7,325,629.00
Provisions for taxes EUR 20,251,000.00
Other / unspecified
provisions EUR 125,015,391.00
Liabilities EUR 207,415,534.00
thereof total due to
shareholders EUR 60,481,000.00
Financial debts EUR 33,615,784.00
Liabilities due to
banks EUR 33,615,784.00
Other liabilities EUR 173,799,750.00
Trade creditors (for IAS
incl. bills
of exchange) EUR 79,305,913.00
Liabilities from
received advance
payments EUR 9,070,143.00
Liabililties due to
related companiesEUR
81,659,885.00
Unspecified other
liabilities EUR 3,763,809.00
thereof liabilities
from tax /
financial
authorities EUR 2,620,748.00
Guarantees and other
commitments EUR 762,000.00
Discounted bills of exchange EUR 762,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 1,564,668,677.00
Inventory change + own
costs (+/-) EUR 67,823,361.00
Inventory change (+/-) EUR 67,823,361.00
Other operating
income EUR 23,032,605.00
Cost of materials EUR 1,008,881,335.00
Raw materials and
supplies, purchased
goods EUR 951,769,918.00
Purchased services EUR 57,111,417.00
Gross result (+/-) EUR 646,643,308.00
Staff expenses EUR 183,772,770.00
Wages and salaries EUR 152,280,706.00
Social security
contributions and
expenses for pension
plans and
benefits EUR 31,492,064.00
Total depreciation EUR 18,087,666.00
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 18,087,666.00
Other operating
expenses EUR 168,203,452.00
Operating result from
continuing
operations EUR 276,579,420.00
Result from participating
interests
(+/-) EUR 8,737,164.00
Expenses / income from
participations EUR 8,737,164.00
Income from related
companies EUR 8,737,164.00
Interest result (+/-) EUR -4,016,209.00
Interest and similar
income EUR 717,501.00
thereof from related
companies EUR 0.00
Interest and similar
expenses EUR 4,733,710.00
thereof paid to related
companies EUR 1,480,379.00
Other financial
result EUR -1,951,092.00
Depreciation on financial
assets and
marketable securities EUR 1,951,092.00
Financial result
(+/-) EUR 2,769,863.00
Result from ordinary
operations (+/-) EUR 279,349,283.00
Income tax / refund of
income tax (+/-)EUR -78,555,797.00
Other taxes / refund of
taxes EUR -398,598.00
Tax (+/-) EUR -78,954,395.00
Annual surplus / annual
deficit EUR 200,394,888.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.57 |
|
|
1 |
Rs. 99.66 |
|
Euro |
1 |
Rs. 70.92 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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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.