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MIRA INFORM REPORT
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Report No. : |
501741 |
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Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
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Name : |
F. LINSTER & CO. GMBH |
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Registered Office : |
Zeppelinstr. 16-18, D 84544 Aschau |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1952 |
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Com. Reg. No.: |
HRB 4235 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of Iron Ores, Iron, Steel and Iron and Steel Semi-Finished
Goods |
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No. of Employees : |
62 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
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Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately 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 a large
increase in 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 economic 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. The German Government
introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in
January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5% of gross
electricity consumption in 2016, 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. Domestic
consumption, investment, and exports are likely to drive German GDP growth in
2018, and the country’s budget and trade surpluses are likely to remain high.
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Source
: CIA |
Company
name & address
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: info@linster.de
VAT no.: DE811239091
Tax ID number: 141/167/50806
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
Share capital: 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 84544 Aschau
authorized to jointly represent the company
born: 25.06.1965
Proxy:
Norbert Herden
D 84478 Waldkraiburg
authorized to jointly represent the company
born: 12.12.1963
Proxy:
Klaus Hüller
D 84453 Mühldorf
authorized to jointly represent the company
born: 27.09.1982
Proxy:
Daniel Krug
D 84453 Mühldorf
authorized to jointly represent the company
born: 09.10.1981
Proxy:
Matthias Pichlmeier
D 84513 Töging
authorized to jointly represent the company
born: 05.10.1984
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
BUSINESS
ACTIVITIES
Main industrial sector
46721 Wholesale of iron ores, iron, steel and iron and steel semi-finished goods
PARTICIPATIONS
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
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2016
PMI: Present: 100 01.04.2018
Ø 6 months:93
The "Payment Morality Index" evaluates
payment delays that have been reported to
the "DDMonitor"
100: No payment delays are shown in the
"DDMonitor".
80-99: The "DDMonitor" confirms the payment
delay of a few days.
40-79: The "DDMonitor" confirms the payment
delay of some days to weeks.
0-39: The "DDMonitor" confirms the payment
delay of several months.
Important note: In the past months only
single or slight payment delays have become
known.
REAL
ESTATE
Type of ownership: Tenant
Address Zeppelinstr. 16-18
D 84544 Aschau
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK, 84465 WALDKRAIBURG
Sort. code: 71142041
BIC: COBADEFFXXX
Further bank
VR MEINE RAIFFEISENBANK, 84496 ALTÖTTING
Sort. code: 71061009
BIC: GENODEF1AOE
FINANCIAL
FIGURES
Turnover: 2016 EUR 9,339,902.00
Profit: 2016 EUR 1,178,444.00
Equipment: EUR 455,951.00
Ac/ts
receivable:
EUR 4,662,021.00
Liabilities: EUR 2,093,000.00
Real estate of the
firm: EUR 312,353.00
Employees:
62
- thereof permanent
staff: 62
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 82.22
Liquidity ratio: 3.18
Return on total capital [%]: 6.07
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 75.16
Liquidity ratio: 1.22
Return on total capital [%]: 0.81
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 84.53
Liquidity ratio: 2.65
Return on total capital [%]: 4.85
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 84.65
Liquidity ratio: 8.14
Return on total capital [%]: 2.44
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: 01.01.2016 - 31.12.2016
ASSETS EUR 19,414,115.61
Fixed assets EUR 2,257,935.65
Intangible assets EUR 24,917.00
Concessions, licences, rights EUR 24,917.00
Tangible assets EUR 821,501.70
Land / similar rights EUR 312,353.20
Plant / machinery EUR 38,911.00
Other tangible assets / fixtures and
fittings EUR 455,951.00
Advance payments made / construction
in progress EUR 14,286.50
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 17,155,739.96
Stocks EUR 11,868,200.00
Finished goods / work in progress EUR
11,868,200.00
Accounts receivable EUR 4,662,020.62
Trade debtors EUR 1,758,678.41
Amounts due from related companies EUR 164,352.03
Other debtors and assets EUR 2,738,990.18
Liquid means EUR 625,519.34
Remaining other assets EUR 440.00
Accruals (assets) EUR 440.00
LIABILITIES EUR 19,414,115.61
Shareholders' equity EUR 15,963,017.12
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 11,841,057.08
Profit / loss brought forward EUR 10,662,612.85
Annual surplus / annual deficit EUR 1,178,444.23
Provisions EUR 1,358,098.07
Pension provisions and comparable
provisions EUR 368,982.00
Provisions for taxes EUR 419,324.26
Other / unspecified provisions EUR 569,791.81
Liabilities EUR 2,093,000.42
Other liabilities EUR 2,093,000.42
Trade creditors (for IAS incl. bills
of exchange) EUR 1,680,086.45
Notes payable EUR 170,066.92
Liabililties due to related
companiesEUR 5,158.65
Unspecified other liabilities EUR 237,688.40
thereof liabilities from tax /
financial authorities EUR 205,263.71
thereof liabilities from social
security EUR 0.00
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 31,099,337.91
Other operating income EUR 1,129,606.79
Cost of materials EUR 22,889,042.58
Raw materials and supplies, purchased
goods EUR 22,716,832.33
Purchased services EUR 172,210.25
Gross result (+/-) EUR 9,339,902.12
Staff expenses EUR 4,218,712.18
Wages and salaries EUR 3,664,872.76
Social security contributions and
expenses for pension plans and
benefits EUR 553,839.42
Total depreciation EUR 179,355.91
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 179,355.91
Other operating expenses EUR 3,238,154.11
Operating result from continuing
operations EUR 1,703,679.92
Interest result (+/-) EUR -32,727.98
Interest and similar income EUR 26,813.11
Interest and similar expenses EUR 59,541.09
Financial result (+/-) EUR -32,727.98
Result from ordinary operations (+/-) EUR
1,670,951.94
Income tax / refund of income tax
(+/-)EUR -485,925.03
Other taxes / refund of taxes EUR -6,582.68
Tax (+/-) EUR -492,507.71
Annual surplus / annual deficit EUR 1,178,444.23
Type of balance
sheet: Company balance sheet
Origin of the
present
balance sheet: self-disclosure
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR
19,671,873.48
Fixed assets EUR 2,345,839.15
Intangible assets EUR 50,393.00
Concessions, licences, rights EUR 50,393.00
Tangible assets EUR 883,929.20
Land / similar rights EUR 312,353.20
Plant / machinery EUR 623.00
Other tangible assets / fixtures and
fittings EUR 570,953.00
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 17,322,215.34
Stocks EUR 12,623,000.00
Finished goods / work in progress EUR
12,623,000.00
Accounts receivable EUR 4,243,927.24
Trade debtors EUR 1,261,038.49
Amounts due from related companies EUR 270,874.01
Other debtors and assets EUR 2,712,014.74
Liquid means EUR 455,288.10
Remaining other assets EUR 3,818.99
Accruals (assets) EUR 3,049.30
Active difference from asset
offsetting EUR 769.69
LIABILITIES EUR 19,671,873.48
Shareholders' equity EUR 14,784,572.89
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 10,662,612.85
Profit / loss brought forward EUR 10,502,768.47
Annual surplus / annual deficit EUR 159,844.38
Provisions EUR 945,649.00
Pension provisions and comparable
provisions
EUR 557,539.00
Other / unspecified provisions EUR 388,110.00
Liabilities EUR 3,941,651.59
Financial debts EUR 1,500,000.00
Liabilities due to banks EUR 1,500,000.00
Other liabilities EUR 2,441,651.59
Trade creditors (for IAS incl. bills
of exchange) EUR 1,611,341.12
Notes payable EUR 301,060.12
Liabilities from received advance
payments EUR 3,336.00
Unspecified other liabilities EUR 525,914.35
thereof liabilities from tax /
financial authorities EUR 520,291.80
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 31,039,685.52
Other operating income EUR 324,192.32
Cost of materials EUR 24,825,670.62
Raw materials and supplies, purchased
goods EUR 24,687,048.87
Purchased services EUR 138,621.75
Gross result (+/-) EUR 6,538,207.22
Staff expenses EUR 3,797,212.56
Wages and salaries EUR 3,280,424.79
Social security contributions and
expenses for pension plans and
benefits EUR 516,787.77
Total depreciation EUR 183,798.66
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 183,798.66
Other operating expenses EUR 2,267,629.95
Operating result from continuing
operations EUR 289,566.05
Interest result (+/-) EUR -52,649.39
Interest and similar income EUR 24,711.25
Interest and similar expenses EUR 77,360.64
Financial result (+/-) EUR -52,649.39
Result from ordinary operations (+/-) EUR
236,916.66
Income tax / refund of income tax
(+/-)EUR -70,386.96
Other taxes / refund of taxes EUR -6,685.32
Tax (+/-) EUR -77,072.28
Annual surplus / annual deficit EUR
159,844.38
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.98 |
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|
1 |
INR 90.95 |
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Euro |
1 |
INR 79.51 |
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EUR |
1 |
INR 79.84 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.