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Report No. : |
344379 |
|
Report Date : |
08.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
F. LINSTER & CO. GMBH |
|
|
|
|
Registered Office : |
Zeppelinstr. 16-18 D 84544 Aschau |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
1952 |
|
|
|
|
Com. Reg. No.: |
HRB 4235 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Wholesale of iron ores, iron, steel and iron
and steel semi-finished goods |
|
|
|
|
No. of Employee : |
57 |
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 |
|
|
|
|
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 |
|
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 5.2% 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 |
F.
LINSTER & CO. GMBH
Company Status: active
Zeppelinstr. 16-18
D 84544 Aschau
Telephone:08638/9560
Telefax: 08638/2131
Homepage: www.linster.de
E-mail: n.herden@linster.de
VAT
no.: DE811239091
Tax
ID number: 141/167/50806
Business relations are permissible.
LEGAL
FORM Private limited company
Date of foundation: 1952
Shareholders'
agreement: 09.01.1985
Registered on: 16.04.1985
Commercial Register: Local court 83278 Traunstein
under: HRB
4235
EUR 613,550.25
Shareholder:
Thomas Linster
Lärchenstr. 1
D 84544 Aschau
born: 14.03.1956
Share: EUR 204,516.75
Shareholder:
Alexander Linster
Lärchenstr. 1
D 84544 Aschau
born: 29.09.1960
Share: EUR 204,516.75
Shareholder:
Gabriele Petri
D 84544 Aschau
born: 21.03.1952
Share: EUR 204,516.75
Manager:
Thomas Linster
Lärchenstr. 1
D 84544 Aschau
having sole power of
representation
born: 14.03.1956
Profession: Businessman
Marital status: married
Manager:
Alexander Linster
Lärchenstr. 1
D 84544 Aschau
having sole power of
representation
born: 29.09.1960
Profession: Businessman
Marital status: married
Proxy:
Franz Pfeiffer
D 84478 Waldkraiburg
born: 25.06.1965
Proxy:
Norbert Herden
D 84478 Waldkraiburg
born: 12.12.1963
Proxy:
Klaus Hüller
D 84453 Mühldorf
authorized to jointly
represent the company
born: 27.09.1982
Further functions/participations of Thomas
Linster (Manager)
Shareholder:
SL Piping GmbH
Im Hock 10-12
D 40721 Hilden
Legal form: Private
limited company
Share capital: EUR
100,000.00
Share: EUR 26,250.00
Registered
on: 19.03.2004
Reg. data: 40227 Düsseldorf, HRB 50401
Shareholder:
LST Linster Stainless Trading GmbH
Im Hock 10-12
D 40721 Hilden
Legal form: Private
limited company
Share capital: EUR 75,000.00
Share: EUR 25,000.00
Registered
on: 19.10.2000
Reg. data: 40227 Düsseldorf, HRB 39675
Manager:
BOWA GmbH Apparate- und
Behälterbau
Liebigstr. 2
D 84544 Aschau
Legal form: Private
limited company
Share capital: EUR 255,645.94
Registered
on: 15.03.1948
Reg. data: 83278 Traunstein, HRB 79
Further functions/participations of Alexander
Linster (Manager)
Shareholder:
SL Piping GmbH
Im Hock 10-12
D 40721 Hilden
Legal form: Private
limited company
Share capital: EUR 100,000.00
Share: EUR 26,250.00
Registered
on: 19.03.2004
Reg. data: 40227 Düsseldorf, HRB 50401
Shareholder:
LST Linster Stainless
Trading GmbH
Im Hock 10-12
D 40721 Hilden
Legal form: Private limited company
Share capital: EUR 75,000.00
Share: EUR 25,000.00
Registered
on: 19.10.2000
Reg. data: 40227 Düsseldorf, HRB 39675
Manager:
BOWA GmbH Apparate- und
Behälterbau
Liebigstr. 2
D 84544 Aschau
Legal form: Private
limited company
Share capital: EUR 255,645.94
Registered
on: 15.03.1948
Reg. data: 83278 Traunstein, HRB 79
Main industrial sector
46721 Wholesale of iron ores, iron, steel and iron
and steel
semi-finished goods
Shareholder:
BOWA GmbH Apparate- und
Behälterbau
Liebigstr. 2
D 84544 Aschau
Legal form: Private
limited company
Company Status: active
Share capital: EUR 255,645.94
Share: EUR 240,307.18
Reg. data: 15.03.1948
Local court
83278 Traunstein
HRB 79
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance
sheet year: 2013
Type of ownership: Tenant
Address Zeppelinstr. 16-18
D 84544 Aschau
Land register documents were not available.
Principal bank
COMMERZBANK, 84465 WALDKRAIBURG
Sort.
code: 71142041
BIC: COBADEFFXXX
Further banks
SPARKASSE ALTÖTTING-MÜHLDORF, 84544 ASCHAU A.
INN
Sort. code: 71151020
BIC: BYLADEM1MDF
VR
MEINE RAIFFEISENBANK, 84496 ALTÖTTING
Sort. code: 71061009
BIC: GENODEF1AOE
Turnover: 2013 EUR 29,534,423.00
Profit: 2013 EUR 424,791.00
Equipment: EUR 508,153.00
Ac/ts receivable: EUR 2,623,708.00
Liabilities: EUR 1,712,743.00
Real
estate of the firm:
EUR 312,353.00
Employees:
57
-
thereof permanent staff: 57
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 84.65
Liquidity ratio: 8.14
Return on total capital [%]: 2.44
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 77.91
Liquidity ratio: 10.00
Return on total capital [%]: 7.61
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 69.83
Liquidity ratio: 1.71
Return on total capital [%]: 3.31
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 83.53
Liquidity ratio: 3.62
Return on total capital [%]: 8.82
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: self-disclosure
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 17,419,809.62
Fixed assets
EUR 2,275,856.03
Intangible assets
EUR 42,642.00
Concessions, licences, rights
EUR 42,642.00
Tangible assets
EUR 821,697.08
Land / similar rights
EUR 312,353.20
Plant / machinery
EUR 1,191.00
Other tangible assets / fixtures and
fittings
EUR 508,152.88
Financial assets
EUR 1,411,516.95
Shares in participations /
subsidiaries and the like EUR 1,411,516.95
Shares in related companies
EUR 1,411,516.95
Current assets
EUR 15,143,953.59
Stocks
EUR 11,130,000.00
Finished goods / work in progress
EUR 11,130,000.00
Accounts receivable
EUR 2,623,707.87
Trade debtors
EUR 1,429,246.18
Amounts due from related companies
EUR 151,092.34
Amounts due from affiliated companiesEUR 741,831.38
Other debtors and assets
EUR 301,537.97
Liquid means
EUR 1,390,245.72
LIABILITIES EUR 17,419,809.62
Shareholders' equity
EUR 14,746,682.78
Capital
EUR 613,550.26
Subscribed capital (share capital)
EUR 613,550.26
Reserves
EUR 3,508,409.78
Capital reserves
EUR 3,507,588.59
Retained earnings / revenue reserves EUR 821.19
Balance sheet profit/loss (+/-)
EUR 10,624,722.74
Profit / loss brought forward EUR
10,199,931.91
Annual surplus / annual deficit
EUR 424,790.83
Provisions
EUR 960,384.20
Pension provisions and comparable
provisions
EUR 450,599.00
Other / unspecified provisions
EUR 509,785.20
Liabilities
EUR 1,712,742.64
Other liabilities
EUR 1,712,742.64
Trade creditors (for IAS incl. bills
of exchange) EUR 1,307,548.99
Notes payable
EUR 152,394.21
Unspecified other liabilities
EUR 252,799.44
thereof liabilities from tax /
financial authorities
EUR 229,996.64
thereof liabilities from social
security
EUR 22,802.80
Guarantees and other commitments
EUR 1,250,000.00
Guarantees / warranties
EUR 1,250,000.00
Guarantees
EUR 1,250,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 29,534,422.99
Other operating income
EUR 841,544.31
Cost of materials
EUR 23,787,059.78
Raw materials and supplies, purchased
goods
EUR 23,560,242.03
Purchased services EUR 226,817.75
Gross result (+/-)
EUR 6,588,907.52
Staff expenses
EUR 3,414,310.85
Wages and salaries
EUR 2,949,235.34
Social
security contributions and
expenses for pension plans and
benefits
EUR 465,075.51
Total depreciation
EUR 123,580.93
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 123,580.93
Other operating expenses
EUR 2,414,460.69
Operating result from continuing
operations
EUR 636,555.05
Interest result (+/-)
EUR -32,313.73
Interest and similar income
EUR 21,242.27
Interest and similar expenses
EUR 53,556.00
Financial result (+/-)
EUR -32,313.73
Result from ordinary operations (+/-)
EUR 604,241.32
Income tax / refund of income tax (+/-)EUR -169,921.11
Other taxes / refund of taxes
EUR -9,529.38
Tax
(+/-) EUR -179,450.49
Annual surplus / annual deficit
EUR 424,790.83
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: self-disclosure
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 18,922,647.58
Fixed assets
EUR 1,971,116.78
Intangible assets
EUR 16,738.75
Concessions, licences, rights
EUR 16,738.75
Tangible assets
EUR 542,861.08
Land / similar rights
EUR 312,353.20
Plant / machinery
EUR 9.00
Other tangible assets / fixtures and
fittings
EUR 230,498.88
Financial assets
EUR 1,411,516.95
Shares in participations /
subsidiaries and the like
EUR 1,411,516.95
Shares in related companies
EUR 1,411,516.95
Current assets
EUR 16,949,707.80
Stocks
EUR 11,044,000.00
Finished goods / work in progress
EUR 11,044,000.00
Accounts receivable
EUR 2,804,873.63
Trade debtors
EUR 2,182,858.64
Amounts due from related companies
EUR 404,064.17
Other debtors and assets
EUR 217,950.82
Liquid means
EUR 3,100,834.17
Remaining other assets
EUR 1,823.00
Accruals (assets)
EUR 1,823.00
LIABILITIES EUR 18,922,647.58
Shareholders' equity
EUR 14,741,891.95
Capital
EUR 613,550.26
Subscribed capital (share capital)
EUR 613,550.26
Reserves EUR 3,508,409.78
Capital reserves
EUR 3,507,588.59
Retained earnings / revenue reserves EUR 821.19
Balance sheet profit/loss (+/-)
EUR 10,619,931.91
Profit
/ loss brought forward EUR 9,179,898.08
Annual surplus / annual deficit
EUR 1,440,033.83
Provisions
EUR 1,600,431.90
Pension provisions and comparable
provisions EUR 412,174.00
Provisions for taxes
EUR 182,120.13
Other / unspecified provisions
EUR 1,006,137.77
Liabilities
EUR 2,580,323.73
Other liabilities
EUR 2,580,323.73
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,907,566.66
Notes payable
EUR 316,942.71
Liabilities from received advance
payments
EUR 2,704.53
Unspecified other liabilities
EUR 353,109.83
thereof liabilities from tax /
financial authorities
EUR 48,648.99
thereof
liabilities from social
security
EUR 21,685.08
Guarantees and other commitments
EUR 1,000,000.00
Guarantees / warranties
EUR 1,000,000.00
Guarantees EUR 1,000,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 36,555,204.45
Other operating income
EUR 605,177.57
Cost of materials
EUR 28,600,556.41
Raw materials and supplies, purchased
goods
EUR 28,473,038.09
Purchased services
EUR 127,518.32
Gross
result (+/-) EUR 8,559,825.61
Staff expenses
EUR 3,313,451.48
Wages and salaries
EUR 2,854,448.86
Social security contributions and
expenses for pension plans and
benefits
EUR 459,002.62
Total depreciation
EUR 113,103.70
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 113,103.70
Other operating expenses
EUR 3,129,892.74
Operating result from continuing
operations
EUR 2,003,377.69
Interest result (+/-)
EUR -24,884.55
Interest and similar income
EUR 35,413.07
Interest and similar expenses
EUR 60,297.62
Financial result (+/-)
EUR -24,884.55
Result from ordinary operations (+/-)
EUR 1,978,493.14
Income tax / refund of income tax (+/-)EUR -532,596.46
Other taxes / refund of taxes
EUR -5,862.85
Tax
(+/-)
EUR -538,459.31
Annual surplus / annual deficit
EUR 1,440,033.83
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.26 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.47 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.