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MIRA INFORM REPORT
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Report No. : |
490763 |
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Report Date : |
12.02.2018 |
IDENTIFICATION DETAILS
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Name : |
LD DIDACTIC GMBH |
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Registered Office : |
Leyboldstr. 1, D 50354 Hürth |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
1850 |
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Com. Reg. No.: |
HRB 65887 |
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Legal Form : |
Private limited company |
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Line of Business : |
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Manufacture of other furniture ·
Manufacutre of technical instruments
and supplies for medical purposesn.e.c ·
Other manufacturing n.e.c. ·
Agents involved in the sale of furniture,
fitments andantiques |
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No. of Employees : |
Not available |
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 : |
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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 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, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2018.
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Source
: CIA |
Company
name and address
Report on: LD
Didactic GmbH
Leyboldstr. 1
D 50354 Hürth
Telephone:02233/6040
Telefax: 02233/604222
Homepage: www.ld-didactic.de
E-mail:
info@ld-didactic.de
Company Status: active
VAT no.:
DE815042611
Company
summery
LEGAL FORM Private limited company
Date of foundation: 1850
Shareholders'
agreement: 11.12.2008
Registered on: 29.04.2009
Commercial Register:
Local court 50939 Köln
under: HRB 65887
Share capital: EUR 25,000.00
Shareholder:
LD
Beteiligungs GmbH
Leyboldstr. 1
D 50354
Hürth
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered on: 05.11.2014
Reg.
data: 50939 Köln, HRB 82694
Manager:
Detlef
Harald Leichsenring
D 33014
Bad Driburg
having
sole power of representation
born:
01.10.1960
Manager:
Richard
Glatzel
D 80331
München
having
sole power of representation
born:
14.06.1983
Further functions/participations of Detlef Harald Leichsenring
(Manager)
Manager:
LD
Vertriebs GmbH
Leyboldstr. 1
D 50354
Hürth
Legal
form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 13.07.2016
Reg.
data: 50939 Köln, HRB 88182
Liquidator:
FB
Education Equipment Manufacturing 01 GmbH
Leyboldstr. 1
D 50354
Hürth
Legal
form: Private limited company in
liquidation
Share
capital: EUR 25,000.00
Registered
on: 04.01.2013
Reg.
data: 50939 Köln, HRB 77358
Further functions/participations of Richard Glatzel (Manager)
General partner:
Gerd-Friedrich
Glatzel, Marie-Charlotte
Glatzel, Karl-Theodor Glatzel und Richard
Glatzel
Unter
den Eichen 2
D 40667
Meerbusch
Legal
form: Partnership under the Civil Code
COMPANY
HISTORY
company name and legal form
25.03.2010 - 05.10.2010 LD
Didactic GmbH
Robert-Bosch-Str. 4
D
50354 Hürth
Private limited company
29.04.2009 - 25.03.2010 LD
Technik GmbH
Robert-Bosch-Str. 4
D
50354 Hürth
Private limited company
26.01.2009 - 29.04.2009 LD
Technik GmbH
Bavariaring 11
D 80336 München
Private limited company
11.12.2008 - 26.01.2009
Blitz 08-558 GmbH
Bavariaring 29
D
80336 München
Private limited company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
28.08.2014 - 23.05.2016
Manager
Juan Serrano-Mannsfeld
D
89073 Ulm
03.02.2014 - 21.09.2015
Manager
Michael Eidecker
D 85521 Ottobrunn
BUSINESS
ACTIVITIES
Main industrial sector
3109 Manufacture of other
furniture
32501 Manufacutre of
technical instruments and supplies for medical purposesn.e.c.
32990 Other manufacturing
n.e.c.
46151 Agents involved in
the sale of furniture, fitments andantiques
BRANCHES
AND FACTORIES
Works:
LD
Didactic GmbH
Gewerbegebiet
D 99765
Urbach
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information:We have no negative information at hand.
Balance sheet year: 2015
REAL
ESTATE
Type of ownership: Tenant
Address
Leyboldstr. 1
D 50354
Hürth
Land register documents were not available.
BANKERS
Principal banks
COMMERZBANK VORMALS DRESDNER BANK, 50450 KÖLN
Sort. code: 37080040, Account no.: 975051400
BIC: DRESDEFF370, IBAN: DE44370800400975051400
STADTSPARKASSE DÜSSELDORF, 40001 DÜSSELDORF
Sort. code: 30050110, Account no.: 1006185555
BIC: DUSSDEDDXXX, IBAN: DE66300501101006185555
FINANCIAL
FIGURES
No full-time employees are employed.
BALANCE
SHEETS
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]:
27.97
Liquidity ratio:
0.55
Return on total capital [%]:
-1.27
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]:
31.09
Liquidity ratio:
0.75
Return on total capital [%]:
4.13
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]:
27.95
Liquidity ratio:
0.50
Return on total capital [%]:
6.84
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]:
37.77
Liquidity ratio:
1.40
Return on total capital [%]:
6.70
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.
Financials
Type of balance
sheet: Company
balance sheet
Origin of the present
balance sheet:
electronic German Federal Gazette
Financial year:
01.01.2015 - 31.12.2015
ASSETS EUR 14,065,008.29
Fixed assets EUR 3,447,656.79
Intangible assets EUR 2,795,733.71
Internally generated
industrial
property rights and
similar rights
and assets EUR 2,644,171.45
Concessions, licences,
rights EUR 151,562.26
Tangible assets EUR 651,921.08
Land / similar
rights EUR 325,607.65
Other tangible assets /
fixtures and
fittings EUR 326,313.43
Financial assets EUR 2.00
Shares in participations
/
subsidiaries and the
like EUR 2.00
Shares in related
companies EUR 2.00
Current assets EUR 10,581,257.50
Stocks EUR 5,843,624.56
Raw materials,
consumables and
supplies EUR 2,933,827.12
Finished goods / work in
progress EUR 3,936,621.69
Advance payments
made EUR 191,185.49
Minus received advance
payments for
orders / installments for
stocks EUR -1,218,009.74
Accounts receivable EUR 3,185,239.07
Trade debtors EUR 2,199,058.80
Amounts due from related
companies EUR 795,736.25
Other debtors and
assets EUR 190,444.02
Liquid means EUR 1,552,393.87
Remaining other assets EUR 36,094.00
Accruals (assets) EUR 36,094.00
LIABILITIES EUR 14,065,008.29
Shareholders' equity EUR 3,933,345.99
Capital EUR 25,000.00
Subscribed capital (share
capital) EUR 25,000.00
Reserves EUR 800,000.00
Capital reserves EUR 800,000.00
Balance sheet profit/loss
(+/-) EUR 3,108,345.99
Profit / loss brought
forward EUR 3,294,217.44
Annual surplus / annual
deficit EUR -185,871.45
Provisions EUR
2,445,390.27
Pension provisions and
comparable
provisions EUR 565,449.00
Provisions for taxes EUR 229,000.00
Other / unspecified
provisions EUR 1,650,941.27
Liabilities EUR 7,323,261.79
Financial debts EUR 1,286,810.98
Liabilities due to
banks EUR 1,286,810.98
Other liabilities EUR 6,036,450.81
Trade creditors (for IAS
incl. bills
of exchange) EUR 1,482,462.14
Liabililties due to
related companiesEUR
3,963,182.77
Unspecified other
liabilities EUR 590,805.90
thereof liabilities from
tax /
financial
authorities EUR 137,118.16
thereof liabilities from
social
security EUR 0.00
Other liabilities EUR 363,010.24
Deferred taxes (not
included under
provisions/liabilities)
EUR 363,010.24
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 26,553,495.17
Inventory change + own
costs (+/-) EUR 172,953.84
Inventory change
(+/-) EUR -942,946.81
Capitalised own costs EUR 1,115,900.65
Other operating income EUR 481,044.09
Cost of materials EUR 10,180,467.68
Raw materials and
supplies, purchased
goods EUR 9,334,353.69
Purchased services EUR 846,113.99
Gross result (+/-) EUR 17,027,025.42
Staff expenses EUR 9,173,389.09
Wages and salaries EUR 7,758,867.53
Social security
contributions and
expenses for pension plans
and
benefits EUR 1,414,521.56
Total depreciation EUR 623,775.56
Depreciation on tangible /
intangible
asssets (incl. start-up
and exp. of
bus. EUR 623,775.56
Other operating
expenses EUR 7,372,129.64
Operating result from
continuing
operations EUR -142,268.87
Interest result (+/-) EUR -141,536.65
Interest and similar
income EUR 26,292.39
thereof from related
companies EUR 26,279.69
Interest and similar
expenses EUR 167,829.04
Financial result (+/-) EUR -141,536.65
Result from ordinary
operations (+/-) EUR -283,805.52
Extraordinary expenses EUR 6,720.00
Extraordinary result
(+/-) EUR -6,720.00
Income tax / refund of
income tax (+/-)EUR 107,441.54
Other taxes / refund of
taxes EUR -2,787.47
Tax (+/-) EUR 104,654.07
Annual surplus / annual
deficit EUR -185,871.45
Type of balance
sheet: Company
balance sheet
Origin of the present
balance sheet:
electronic German Federal Gazette
Financial year:
01.01.2014 - 31.12.2014
ASSETS EUR 13,249,495.44
Fixed assets EUR 2,508,109.13
Intangible assets EUR 2,163,607.98
Internally generated
industrial
property rights and
similar rights
and assets EUR 1,963,451.00
Concessions, licences,
rights EUR 162,428.44
Customer base EUR 37,728.54
Tangible assets EUR 344,499.15
Other tangible assets /
fixtures and
fittings EUR 344,499.15
Financial assets EUR 2.00
Shares in participations
/
subsidiaries and the
like EUR 2.00
Shares in related
companies EUR 2.00
Current assets EUR 10,698,711.31
Stocks EUR 6,515,046.20
Raw materials,
consumables and
supplies EUR 3,193,691.31
Finished goods / work in
progress EUR 4,619,198.07
Advance payments
made EUR 97,799.21
Minus received advance
payments for
orders / installments for
stocks EUR -1,395,642.39
Accounts receivable EUR 2,914,022.68
Trade debtors EUR 2,456,670.14
Amounts due from related
companies EUR 450,481.54
Other debtors and
assets EUR 6,871.00
Liquid means EUR 1,269,642.43
Remaining other assets EUR 42,675.00
Accruals (assets) EUR 42,675.00
LIABILITIES EUR 13,249,495.44
Shareholders' equity EUR 4,119,217.44
Capital EUR 25,000.00
Subscribed capital (share
capital) EUR 25,000.00
Reserves EUR 800,000.00
Capital reserves EUR 800,000.00
Balance sheet profit/loss
(+/-) EUR 3,294,217.44
Profit / loss brought
forward EUR 2,753,091.28
Annual surplus / annual
deficit EUR 541,126.16
Provisions EUR 3,508,093.95
Pension provisions and
comparable
provisions EUR 465,018.00
Provisions for taxes EUR 426,000.00
Other / unspecified
provisions EUR 2,617,075.95
Liabilities EUR 5,137,173.81
Financial debts EUR 1,850,000.00
Liabilities due to
banks EUR 1,850,000.00
Other liabilities EUR 3,287,173.81
Trade creditors (for IAS
incl. bills
of exchange) EUR 833,444.58
Liabililties due to
related companiesEUR
2,056,433.18
Unspecified other
liabilities EUR 397,296.05
thereof liabilities from
tax /
financial
authorities EUR 189,754.27
thereof liabilities from
social
security EUR 0.00
Other liabilities EUR 485,010.24
Deferred taxes (not
included under
provisions/liabilities)
EUR 485,010.24
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 29,543,738.40
Inventory change + own
costs (+/-) EUR 902,408.27
Inventory change
(+/-) EUR -211,242.73
Capitalised own costs EUR 1,113,651.00
Other operating income EUR 429,066.96
Cost of materials EUR 11,753,309.42
Raw materials and
supplies, purchased
goods EUR 10,456,896.86
Purchased services EUR 1,296,412.56
Gross result (+/-) EUR 19,121,904.21
Staff expenses EUR 9,737,061.38
Wages and salaries EUR 8,382,257.20
Social security
contributions and
expenses for pension plans
and
benefits EUR 1,354,804.18
Total depreciation EUR 364,541.62
Depreciation on tangible /
intangible
asssets (incl. start-up
and exp. of
bus. EUR 364,541.62
Other operating
expenses EUR 6,898,148.75
Operating result from
continuing
operations EUR 2,122,152.46
Interest result (+/-) EUR
-225,353.79
Interest and similar
income EUR 20,566.59
thereof from related
companies EUR 76,599.74
Interest and similar
expenses EUR 245,920.38
Financial result (+/-) EUR -225,353.79
Result from ordinary
operations (+/-) EUR 1,896,798.67
Extraordinary expenses EUR 6,720.00
Extraordinary result
(+/-) EUR -6,720.00
Income tax / refund of
income tax (+/-)EUR -1,348,961.51
Other taxes / refund of
taxes EUR 9.00
Tax (+/-) EUR -1,348,952.51
Annual surplus / annual
deficit EUR 541,126.16
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.37 |
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|
1 |
INR 89.71 |
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Euro |
1 |
INR 78.89 |
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Euro |
1 |
INR 78.89 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIS |
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Report Prepared
by : |
KET |
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 |
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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.