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Report No. : |
349176 |
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Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
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Name : |
LM-INTERNATIONAL EUROPA GMBH |
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Registered Office : |
Grootkoppel 15, D 23858 Reinfeld |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
24.11.1976 |
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Com. Reg. No.: |
HRB 8343 HL |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Wholesale of leather goods, luggage, giftware and advertising articles · Retail sale of leatherwear and baggage · Retail sale via mail-order houses or Internet · Activities of holding companies |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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) |
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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.
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Source
: CIA |
LM-INTERNATIONAL EUROPA GMBH
Company Status: active
Grootkoppel 15
D 23858 Reinfeld
Telephone:04533/208720
Telefax: 04533/2087225
Homepage: www.lmi.de
E-mail:
info@lmi.de
VAT
no.: DE171036959
Business relations are permissible.
LEGAL FORM Private limited company
Date
of foundation: 24.11.1976
Shareholders'
agreement: 24.11.1976
Registered on: 01.07.2008
Commercial Register: Local court 23568 Lübeck
under: HRB 8343 HL
Share capital: EUR 25,564.59
Shareholder:
Lothar Müller
Grootkoppel 15
D 23858 Reinfeld
born: 19.05.1948
Share: EUR 25,564.59
Manager:
Lothar Müller
Grootkoppel 15
D 23858 Reinfeld
having sole power of
representation
born: 19.05.1948
Marital status: married
Proxy:
Jonas Müller
D 23858 Wesenberg
having sole power of
representation
born: 02.12.1989
Proxy:
Christian Müller
D 23858 Wesenberg
having sole power of
representation
born: 10.10.1983
Further functions/participations of Lothar
Müller (Manager)
Limited partner:
L M - Import Lothar
Müller Gesellschaft mit
beschränkter Haftung
& Co.
Werbeartikel-Handelsgesellschaft KG
Belziger Str. 69/71
D 10823 Berlin
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 12,782.30
contribution:
Share: EUR 12,782.30
Registered
on: 08.02.1977
Reg. data: 14057 Berlin, HRA 16856
26.01.1977 - 01.07.2008 L M - Import Lothar Müller Gesellschaft
mit beschränkter
Haftung
Belziger Str.
69/71
D 10823 Berlin
Private limited
company
Main industrial sector
46493
Wholesale of leather goods, luggage, giftware and advertising articles
47722
Retail sale of leatheware and baggage
4791
Retail sale via mail-order houses or Internet
6420
Activities of holding companies
General partner:
L M - Import Lothar
Müller Gesellschaft mit
beschränkter Haftung & Co.
Werbeartikel-Handelsgesellschaft KG
Belziger Str. 69/71
D 10823 Berlin
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Company Status: active
Total cap. EUR 12,782.30
contribution:
Reg. data: 08.02.1977
Local court 14057 Berlin
HRA 16856
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2012
PMI:
No significant / relevant
payment experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Events Index: 2
At present, the following
events are known:
Event: When:
Change business
activities last 180 days
Change of real
estate last 180 days
The Events Index
indicates if any particular
events have occurred,
such as e.g. a
relocation of registered
office or a change
within management. On the
basis of number,
relevance and
up-to-dateness of the events
an index value ranging
from 1 (no events) to
5 is calculated.
Companies showing a
particularly large number
of events receive
the index 6.
Type of ownership: proprietor
Share: 100.00 %
Address Grootkoppel 15
D 23858 Reinfeld
Value at selling price: EUR 400,000.00
Real
Estate of: Lothar Müller
Type of ownership: Tenant
Address Neu Hartmannsdorfer Str. 8
D 15528 Spreenhagen
Land register documents were not available.
Principal bank
SPARKASSE HOLSTEIN, 23858 REINFELD (HOLSTEIN)
Sort. code: 21352240
BIC: NOLADE21HOL
Turnover: 2013 EUR 900,000.00
2014 *EUR 596,000.00
Expected turnover: EUR 400,000.00
further business figures:
Equipment: *EUR 36,000.00
Ac/ts receivable: EUR 20,000.00
Liabilities: EUR 400,000.00
Real
estate of the firm:
EUR 1,400,000.00
Total numbers of vehicles: 2
-
Passenger cars:
2
Employees: 5
-
Part-time employees: 1
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity
ratio [%]: 43.16
Liquidity ratio: 0.07
Return on total capital [%]: -1.46
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 45.74
Liquidity ratio: 0.03
Return on total capital [%]: 0.55
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 35.06
Liquidity ratio: 0.02
Return on total capital [%]: -0.83
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 21.25
Liquidity ratio: 0.03
Return on total capital [%]: -10.72
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR
1,164,601.78
Fixed assets
EUR 1,011,663.88
Tangible assets
EUR 1,011,663.88
Other / unspecified tangible assets
EUR 1,011,663.88
Current assets EUR 150,626.35
Stocks
EUR 104,202.00
Other / unspecified stocks
EUR 104,202.00
Accounts receivable
EUR 46,131.84
Other debtors and assets
EUR 46,131.84
Liquid means
EUR 292.51
Remaining other assets
EUR 2,311.55
Accruals (assets)
EUR 2,311.55
LIABILITIES EUR 1,164,601.78
Shareholders' equity
EUR 408,449.10
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 382,884.51
Profit / loss brought forward
EUR 399,881.99
Annual surplus / annual deficit
EUR -16,997.48
Provisions
EUR 10,550.00
Liabilities
EUR 745,602.68
Other liabilities
EUR 745,602.68
Liabilities due to shareholders
EUR 94,204.72
Unspecified
other liabilities EUR 651,397.96
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 1,221,550.47
Fixed assets
EUR 1,071,431.88
Tangible assets
EUR 1,071,431.88
Other / unspecified tangible assets
EUR 1,071,431.88
Current assets
EUR 148,672.94
Stocks
EUR 121,964.82
Accounts receivable
EUR 18,847.92
Other debtors and assets
EUR 18,847.92
Liquid means
EUR 7,860.20
Remaining other assets
EUR 1,445.65
Accruals (assets)
EUR 1,445.65
LIABILITIES EUR 1,221,550.47
Shareholders' equity
EUR 425,446.58
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 399,881.99
Profit / loss brought forward
EUR 393,122.08
Annual surplus / annual deficit
EUR 6,759.91
Provisions
EUR 9,600.00
Liabilities EUR 786,503.89
Other liabilities
EUR 786,503.89
Unspecified other liabilities
EUR 786,503.89
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
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|
1 |
Rs.100.55 |
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Euro |
1 |
Rs.71.27 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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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.