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MIRA INFORM REPORT
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Report No. : |
492302 |
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Report Date : |
19.02.2018 |
IDENTIFICATION DETAILS
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Name : |
LUFTHANSA TECHNIK AERO ALZEY GMBH |
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Registered Office : |
Rudolf-Diesel-Str. 10 D 55232 Alzey |
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Country : |
Germany |
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Date of Incorporation : |
27.09.1978 |
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Com. Reg. No.: |
HRB 32088 |
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Legal Form : |
Private limited company |
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Line of Business : |
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Manufacture of engines and turbines (except
aircraft, vehicle and cycle engines)
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Other support services for air
transportation n.e.c. |
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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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
820,000 EUR |
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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 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
Lufthansa Technik AERO Alzey GmbH
Rudolf-Diesel-Str. 10
D 55232 Alzey
Telephone:06731/4970
Telefax: 06731/49797
Homepage: www.lhaero.com
E-mail: lhaero@lhaero.com
Company
Status
Active
VAT
no.
DE148273054
Company
summery
LEGAL FORM Private limited company
Date of foundation: 27.09.1978
Shareholders'
agreement: 27.09.1978
Registered on: 12.10.1987
Commercial Register: Local
court 55116 Mainz
under: HRB 32088
Share capital: EUR 10,226,000.00
Shareholder:
Lufthansa Technik Aktiengesellschaft
Weg
beim Jäger 193
D 22335
Hamburg
Post
Box:
63 03
00, D 22313 Hamburg
Legal
form: Public limited company
Share capital: EUR
220,000,000.00
Share: EUR 10,226,000.00
Registered on: 24.10.1994
Reg.
data: 20355 Hamburg, HRB 56865
Control
and profit transfer agreement
Manager:
Mark
Anthony Johnson
D 55239
Gau-Odernheim
born:
02.06.1961
Manager:
Martin
Hach
D 65396
Walluf
born:
28.05.1959
President of the Supervisory Board:
Dr.
Thomas Stüger
D 22769
Hamburg
born:
15.11.1956
Profession: manager
Marital
status: unknown
Vice-president of the Supervisory Board:
Karl-Heinz Köpfle
Bermbacher Weg 19
D 65510
Idstein
born:
30.01.1950
Profession: Businessman
Marital status: married
Member of the Supervisory Board:
Holger
Dietsch
D 55288
Schornsheim
born:
30.11.1961
Member of the Supervisory Board:
Irmtrud
Rummel
D 55232 Alzey
Member of the Supervisory Board:
Burkhard Andrich
D 20095
Hamburg
Proxy:
Volker
Mayer
D 55234
Eppelsheim
authorized
to jointly represent the company
Profession: Balance sheet accountant
Proxy:
Volker
Mayer
D 55232
Alzey
authorized to jointly represent the company
COMPANY
HISTORY
company name and legal form
20.11.1997 - 22.11.2006
Lufthansa A.E.R.O. GmbH
Rudolf-Diesel-Str. 10
D
55232 Alzey
Private limited company
27.03.1992 - 19.11.1997
Lufthansa A.E.R.O. GmbH
Rudolf-Diesel-Str. 10
D
55232 Alzey
Private limited company
10.08.1987 - 26.03.1992 DLT
A.E.R.O. Service GmbH
Rudolf Diesel Str. 10
D 55232 Alzey
Private limited company
27.09.1978 - 09.08.1987 DLT
A.E.R.O. Service GmbH
D
66111 Saarbrücken
Private limited company
BUSINESS
ACTIVITIES
Main industrial sector
2811 Manufacture of
engines and turbines (except aircraft, vehicle and cycle engines)
52231 Operation of
airports and airfields for aircraft
52239 Other support
services for air transportation n.e.c.
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We
have no negative information at hand.
Maximum credit: 820,000 EUR
The maximum credit is our recommendation for the maximum credit
limit for the inquired company.
REAL
ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Rudolf-Diesel-Str. 10
D 55232 Alzey
Type of real estate: factory
building
Size: 13,300.00 sq.m
Value at selling price: EUR 3,270,000.00
Land register documents were not available.
BANKERS
Principal bank
VOLKSBANK ALZEY-WORMS, 67547 WORMS
Sort. code: 55091200
BIC: GENODE61AZY
Further bank
COMMERZBANK VORMALS DRESDNER BANK, 55006 MAINZ
Sort. code: 55080065
BIC: DRESDEFF550
FINANCIAL
FIGURES
Financial year: 01.01.
- 31.12.
Share capital: EUR 10,226,000.00
The number of employees is not known.
Control and profit transfer agreement to:
Lufthansa Technik Aktiengesellschaft
Weg
beim Jäger 193
D 22335
Hamburg
Post
Box:
63 03
00, D 22313 Hamburg
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.91 |
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1 |
INR 90.31 |
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Euro |
1 |
INR 80.17 |
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Euro |
1 |
INR 79.79 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIS |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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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 |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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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.