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Report No. : |
346851 |
|
Report Date : |
28.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
LEDERER GMBH |
|
|
|
|
Registered Office : |
Katzbachstr. 4, D 58256 Ennepetal |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
23.06.1972 |
|
|
|
|
Com. Reg. No.: |
HRB 5663 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Wholesale of Tools and Hardware. |
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|
|
|
No. of Employees : |
105 |
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 : |
Slow but correct |
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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 – 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 |
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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 |
LEDERER
GMBH
Company Status: active
Katzbachstr. 4
D 58256 Ennepetal
Telephone:02333/8309-0
Telefax: 02333/8309-50
Homepage:
www.lederer-online.com
E-mail: info@lederer-online.com
VAT
no.: DE812028614
Tax
ID number: 341/5710/0486
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 23.06.1972
Shareholders'
agreement: 23.06.1972
Registered on: 07.02.1975
Commercial Register: Local court 58097 Hagen
under: HRB
5663
EUR 500,000.00
Shareholder:
Dr. Volker Lederer
Spessartweg 31
D 42349 Wuppertal
born: 09.05.1966
Share: EUR 500,000.00
Manager:
Rainer Lederer
Neuenhaus 79
D 42349 Wuppertal
having sole power of
representation
born: 26.11.1941
Marital status: married
Manager:
Dr. Volker Lederer
Spessartweg 31
D 42349 Wuppertal
having sole power of
representation
born: 09.05.1966
Profession: Businessman
Manager:
Peter Henke
Schlittenbacher Str. 56
D 58511 Lüdenscheid
authorized to jointly
represent the company
born: 01.09.1959
Further functions/participations of Dr.
Volker Lederer (Manager)
Member of the Board of Directors:
Fachverband des
Schrauben-Großhandels e.V.
(FDS)
Am Weidendamm 1a
D 10117 Berlin
Legal form: Registered
association
Registered
on: 13.07.2006
Reg. data: 14057 Berlin, VR 23755
07.02.1975 - 08.10.1998 Lederer + Lipinski Gesellschaft mit
beschränkter Haftung
Katzbachstr. 4
D 58256 Ennepetal
Private limited
company
Main industrial sector
46741
Wholesale of tools and hardware
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Katzbachstr. 4
D 58256 Ennepetal
Real Estate of: Rainer Lederer
Type of ownership: proprietor
Share: 100.00 %
Address Neuenhaus 79
D 42349 Wuppertal
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 58241 ENNEPETAL
Sort. code: 33070090
BIC: DEUTDEDWXXX
Further bank
SPARKASSE ENNEPETAL-BRECKERFELD, 58244
ENNEPETAL
Sort. code: 45451060
BIC: WELADED1ENE
Turnover: 2013 EUR 49,376,400.00
2014 *EUR 51,000,000.00
Profit: 2013 EUR 3,207,875.00
further business figures:
Equipment: EUR 1,953,191.00
Ac/ts receivable: EUR 7,338,879.00
Liabilities: EUR 9,417,981.00
Employees:
105
-
thereof permanent staff: 105
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 [%]: 81.09
Liquidity ratio: 10.00
Return on total capital [%]: 5.36
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 89.97
Liquidity ratio: 10.00
Return on total capital [%]: 3.97
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 86.45
Liquidity ratio: 10.00
Return on total capital [%]: 10.77
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 86.84
Liquidity
ratio: 10.00
Return on total capital [%]: 9.62
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: 01.01.2013 - 31.12.2013
ASSETS EUR 59,844,765.26
Fixed
assets EUR 15,834,294.65
Intangible assets
EUR 103,266.00
Concessions, licences, rights
EUR 103,266.00
Tangible assets
EUR 15,221,866.62
Land / similar rights
EUR 5,414,856.28
Plant / machinery
EUR 2,572.00
Other tangible assets / fixtures and
fittings
EUR 1,953,190.54
Advance
payments made / construction
in progress
EUR 7,851,247.80
Financial assets
EUR 509,162.03
Shares in participations /
subsidiaries and the like
EUR 509,162.03
Shares in related companies
EUR 326,233.52
Shares in investee companies
EUR 182,928.51
Current assets
EUR 43,972,629.42
Stocks
EUR 27,357,898.72
Raw materials, consumables and
supplies
EUR 25,000.00
Finished goods / work in progress
EUR 25,337,668.17
Advance payments made
EUR 1,995,230.55
Accounts receivable
EUR 7,338,879.46
Trade debtors
EUR 3,768,285.67
Amounts due from related companies
EUR 132,501.92
Other debtors and assets
EUR 3,438,091.87
Liquid means
EUR 9,275,851.24
Remaining other assets
EUR 37,841.19
Accruals (assets)
EUR 37,841.19
thereof disagio EUR 18,000.00
LIABILITIES EUR 59,844,765.26
Shareholders' equity
EUR 48,047,603.73
Capital
EUR 110,000.00
Subscribed capital (share capital)
EUR 110,000.00
Reserves
EUR 20,000,000.00
Retained earnings / revenue reserves EUR 20,000,000.00
Balance sheet profit/loss (+/-)
EUR 27,937,603.73
Profit / loss brought forward
EUR 24,729,728.78
Balance sheet profit / loss
EUR 3,207,874.95
Provisions
EUR 2,379,180.59
Pension provisions and comparable
provisions EUR 1,370,476.62
Provisions for taxes
EUR 152,803.97
Other / unspecified provisions
EUR 855,900.00
Liabilities
EUR 9,417,980.94
Financial debts EUR 7,507,024.30
Liabilities due to banks
EUR 7,507,024.30
Other liabilities
EUR 1,910,956.64
Trade creditors (for IAS incl. bills
of exchange) EUR 1,321,990.80
Liabilities due to shareholders
EUR 481,006.75
Unspecified other liabilities
EUR 107,959.09
thereof liabilities from tax /
financial authorities
EUR 62,363.62
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 49,376,399.68
Other operating income
EUR 514,906.30
Cost of materials EUR 34,302,866.88
Raw materials and supplies, purchased
goods
EUR 32,753,556.85
Purchased services
EUR 1,549,310.03
Gross result (+/-)
EUR 15,588,439.10
Staff expenses
EUR 5,807,885.03
Wages and salaries
EUR 4,706,429.23
Social security contributions and
expenses for pension plans and
benefits EUR 1,101,455.80
Total depreciation
EUR 533,824.85
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 533,824.85
Other operating expenses EUR 5,103,001.98
Operating result from continuing
operations
EUR 4,143,727.24
Interest result (+/-)
EUR 206,130.18
Interest and similar income
EUR 395,781.74
Interest and similar expenses
EUR 189,651.56
Financial result (+/-)
EUR 206,130.18
Result from ordinary operations (+/-)
EUR 4,349,857.42
Income tax / refund of income tax (+/-)EUR -1,096,283.58
Other taxes / refund of taxes
EUR -45,698.89
Tax
(+/-)
EUR -1,141,982.47
Annual surplus / annual deficit
EUR 3,207,874.95
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 51,086,753.86
Fixed assets
EUR 7,801,552.02
Intangible assets
EUR 178,191.00
Concessions, licences, rights
EUR 178,191.00
Tangible assets
EUR 4,004,440.93
Land / similar rights
EUR 2,110,127.00
Plant / machinery
EUR 3,198.00
Other tangible assets / fixtures and
fittings
EUR 1,615,343.70
Advance payments made / construction
in progress
EUR 275,772.23
Financial assets
EUR 3,618,920.09
Shares in participations /
subsidiaries and the like
EUR 318,920.09
Shares in related companies
EUR 135,991.58
Shares in investee companies
EUR 182,928.51
Other loans
EUR 3,300,000.00
Current assets EUR 43,239,360.65
Stocks
EUR 29,016,672.46
Raw materials, consumables and
supplies
EUR 25,000.00
Finished goods / work in progress
EUR 27,103,896.22
Advance payments made
EUR 1,887,776.24
Accounts receivable
EUR 5,982,086.79
Amounts due from shareholders
EUR 0.00
Trade debtors EUR 3,395,073.42
Other debtors and assets
EUR 2,587,013.37
Liquid means
EUR 8,240,601.40
Remaining other assets
EUR 45,841.19
Accruals (assets) EUR 45,841.19
LIABILITIES EUR 51,086,753.86
Shareholders' equity
EUR 45,839,728.78
Capital
EUR 110,000.00
Subscribed capital (share capital)
EUR 110,000.00
Reserves
EUR 20,000,000.00
Retained earnings / revenue reserves EUR 20,000,000.00
Balance sheet profit/loss (+/-)
EUR 25,729,728.78
Balance sheet profit / loss
EUR 25,729,728.78
Provisions
EUR 2,745,337.14
Pension provisions and comparable
provisions
EUR 1,162,148.17
Provisions for taxes
EUR 152,803.97
Other / unspecified provisions
EUR 1,430,385.00
Liabilities
EUR 2,501,687.94
Financial debts
EUR 1,341,281.84
Liabilities
due to banks EUR 1,341,281.84
Other liabilities
EUR 1,160,406.10
Trade creditors (for IAS incl. bills
of exchange)
EUR 904,157.65
Liabilities
due to shareholders EUR 122,665.39
Unspecified other liabilities
EUR 133,583.06
thereof liabilities from tax /
financial authorities
EUR 78,603.35
thereof liabilities from social
security
EUR 1,659.13
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 45,138,576.88
Other operating income EUR 146,360.20
Cost of materials
EUR 31,400,138.92
Raw materials and supplies, purchased
goods
EUR 29,990,192.81
Purchased services
EUR 1,409,946.11
Gross result (+/-)
EUR 13,884,798.16
Staff expenses
EUR 5,009,174.75
Wages and salaries
EUR 4,182,291.35
Social security contributions and
expenses for pension plans and
benefits
EUR 826,883.40
Total depreciation
EUR 555,048.02
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 555,048.02
Other operating expenses
EUR 5,128,042.77
Operating result from continuing
operations
EUR 3,192,532.62
Interest
result (+/-) EUR 235,045.18
Interest and similar income
EUR 482,985.59
Interest and similar expenses
EUR 247,940.41
Financial result (+/-)
EUR 235,045.18
Result from ordinary operations (+/-)
EUR 3,427,577.80
Income tax / refund of income tax (+/-)EUR -1,374,466.29
Other taxes / refund of taxes
EUR -25,382.62
Tax
(+/-) EUR -1,399,848.91
Annual surplus / annual deficit
EUR 2,027,728.89
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.96 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
NIT |
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.