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MIRA INFORM REPORT
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Report No. : |
516295 |
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Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
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Name : |
LOWENSTEIN MEDICAL TECHNOLOGY GMBH |
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Registered Office : |
Kronsaalsweg
40,
D
22525 Hamburg, Post
Box:54 02 68 |
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Country : |
Germany |
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Financials (as on) : |
30.06.2016 |
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Date of Incorporation : |
28.02.1959 |
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Com. Reg. No.: |
HRB 8678 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Activities of holding companies [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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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 (31.12.2017) |
Current Rating (01.04.2018) |
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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 AND ADDRESS
LOWENSTEIN
MEDICAL TECHNOLOGY GMBH, D 22525 HAMBURG
Report
on : Löwenstein Medical Technology
Verwaltungs
GmbH
Company
Status : Active
Kronsaalsweg 40
D 22525 Hamburg
Telephone:040/547020
Telefax: 040/54702461
E-mail:
info@weinmann.de
COMPANY
SUMMARY
LEGAL
FORM Private limited company
Date
of foundation : 1959
Registered
on : 28.02.1959
Commercial
Register : Local court 20355 Hamburg
Under : HRB 8678
Share
capital : EUR 100,000.00
Shareholder : Löwenstein Medical Technology S.A.
Rue Robert Stümper
L 2557 Luxemburg
Legal
form: Other legal form
Share : EUR 100,000.00
Manager : Dr. Karl-Andreas Feldhahn
D 22525 Hamburg
having sole power of representation
born: 07.01.1960
Profession: Businessman
Marital status: unknown
Manager : Sascha Andreas Löwenstein
Fanny-Hensel-Str. 3
D 56075 Koblenz
born:
07.11.1969
Marital status: unknown
Manager : Benjamin Löwenstein
D 56130 Bad Ems
born: 04.04.1989
Further
functions/participations of Dr. Karl-Andreas Feldhahn
(Manager)
Limited
partner:
WEINMANN Emergency Medical Technology GmbH +
Co. KG
Frohbösestr. 12
D 22525 Hamburg
Legal form: Ltd partnership with priv.
ltd.
Company as general partner
Total cap. EUR 100,000.00
Contribution:
Share: EUR 45,810.00
Registered
on:
28.03.2013
Reg.
data : 20355
Hamburg, HRA 115967
Limited
partner :
gallo dux GmbH + Co. KG
Jungfernstieg 51
D 20354 Hamburg
Legal form: Ltd partnership with priv.
ltd.
Company as general partner
Total cap. EUR 100,000.00
Contribution:
Share: EUR 10,000.00
Registered
on:
21.01.2003
Reg. data:
20355 Hamburg, HRA 98091
Shareholder : WEINMANN Emergency Management GmbH
Frohbösestr. 12
D 22525 Hamburg
Legal form: Private limited company
Share capital: EUR 50,000.00
Share: EUR 22,905.00
Registered
on:
29.06.1987
Reg. data:
20355 Hamburg, HRB 38144
Shareholder : NKI Verwaltungs GmbH
Jungfernstieg 51
D 20354 Hamburg
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 1,136.00
Registered
on:
02.04.2013
Reg. data:
20355 Hamburg, HRB 126939
Manager : Verwaltungsgesellschaft gallo dux GmbH
Jungfernstieg 51
D 20354 Hamburg
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on:
05.01.2007
Reg. data:
20355 Hamburg, HRB 99744
Treasurer : SPECTARIS Deutscher Industrieverband für
optische, medizinische und mechatronische
Technologien e.V.
Werderscher Markt 15
D
10117 Berlin
Legal form: Registered association
Registered
on:
11.09.2006
Reg. data:
14057 Berlin, VR 25392 B
Further
functions/participations of Sascha Andreas Löwenstein
(Manager)
Manager : Weinmann Verwaltungs GmbH
Kreuzwiese 7
D 56335 Neuhäusel
Legal form: Private limited company
Share
capital: EUR 25,000.00
Registered
on:
12.08.2016
Reg. data:
56410 Montabaur, HRB 25166
Manager : Weinmann Verwaltungs GmbH
Kreuzwiese
7
D 56335 Neuhäusel
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on:
12.08.2016
Reg. data:
56410 Montabaur, HRB 25166
Further
functions/participations of Benjamin Löwenstein (Manager)
Manager : HRL Verwaltungs GmbH
Wilhelmsallee 8
D 56130 Bad Ems
Legal form: Private limited company
Share capital: EUR 25,564.59
Registered
on:
01.03.2017
Reg. data:
56068 Koblenz, HRB 25538
Proxy : Löwenstein Medical GmbH & Co.KG
Arzbacher Str. 80
D 56130 Bad Ems
Legal form: Ltd partnership with priv.
ltd.
company as general partner
Total cap. EUR 500,000.00
contribution:
Registered
on:
20.04.2010
Reg. data:
56068 Koblenz, HRA 20732
COMPANY
HISTORY
Company Name and
Legal Form
27.05.2014
- 22.06.2016 Verwaltungsgesellschaft Weinmann Geräte
für Medizin GmbH
Kronsaalsweg 40
D 22525 Hamburg
Private limited
company
28.02.1959
- 03.2004 Verwaltungsges. Gottlieb Weinmann -
Geräte f. Medizin und
Arbeitsschutz mbH
Kronsaalsweg 40
D 22525 Hamburg
Private limited
company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
09.07.2013
- 12.10.2016 Manager
Wilfried Schmidt
D 56377 Nassau
06.11.2013
- 28.12.2015 Manager
Mats Sigvard Dahlqvist
F
Saint-Germain-en-Laye
BUSINESS
ACTIVITIES
Main
industrial sector
6420 Activities of holding companies
PARTICIPATIONS
General
partner : Löwenstein Medical Technology GmbH + Co.
KG
Kronsaalsweg 40
D 22525 Hamburg
Post Box:
54 02 68
Legal form: Ltd partnership
with priv. ltd.
Company
as general partner
Company Status: active
Total cap. EUR 3,000,000.00
Contribution:
Reg. data: 29.05.1969
Local
court 20355 Hamburg
HRA 67698
Payment
experience : No
Complaints
Negative
information : We have no negative information at
hand.
REAL
ESTATE
Type
of ownership : Tenant
Address Kronsaalsweg
40
D 22525 Hamburg
Land
register documents were not available.
BANKERS
DEUTSCHE
BANK, 20079 HAMBURG
Sort.
code: 20070000
BIC:
DEUTDEHHXXX
FINANCIAL
FIGURES
Ac/ts
receivable: EUR 420,206.00
Liabilities: EUR 26,351.00
No
full-time employees are employed.
BALANCE SHEETS
Balance
sheet ratios 01.07.2015 -
30.06.2016
Equity
ratio [%]: 93.23
Liquidity
ratio: 10.00
Return
on total capital [%]: 0.60
Balance
sheet grade: 2.1
Balance
sheet ratios 01.07.2014 -
30.06.2015
Equity
ratio [%]: 92.98
Liquidity
ratio: 10.00
Balance
sheet grade: 2.0
Balance
sheet ratios 01.01.2014 -
30.06.2014
Equity
ratio [%]: 43.62
Liquidity
ratio: 1 . 80
Return
on total capital [%]: 1.21
Balance
sheet grade: 2.6
Balance
sheet ratios 01.01.2013 -
31.12.2013
Equity
ratio [%]: 39.24
Liquidity
ratio: 2.31
Return
on total capital [%]: 1.30
Balance
sheet grade: 2.5
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: 01.07.2015
- 30.06.2016
ASSETS EUR 425,917.09
Current
assets EUR 425,917.09
Accounts receivable EUR
420,206.34
Liquid means EUR 5,710.75
LIABILITIES EUR 425,917.09
Shareholders'
equity EUR 397,065.79
Capital EUR 100,000.00
Subscribed
capital (share capital) EUR 100,000.00
Reserves EUR 294,526.26
Retained
earnings / revenue reserves EUR 294,526.26
Balance
sheet profit/loss (+/-) EUR 2,539.53
Annual
surplus / annual deficit EUR 2,539.53
Provisions EUR 2,500.00
Liabilities EUR 26,351.30
Type of balance
Sheet : Company balance sheet
Origin
of the present
Balance
Sheet : Electronic
German Federal Gazette
Financial year: 01.07.2014
- 30.06.2015
ASSETS EUR 424,332.76
Current
assets EUR 424,332.76
Accounts
receivable EUR 421,933.92
Liquid
means EUR 2,398.84
LIABILITIES EUR 424,332.76
Shareholders'
equity EUR 394,526.26
Capital EUR 100,000.00
Subscribed
capital (share capital) EUR 100,000.00
Reserves EUR 294,526.26
Retained
earnings / revenue reserves EUR 294,526.26
Provisions EUR 5,150.00
Liabilities EUR 24,656.50
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.19 |
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1 |
INR 89.58 |
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Euro |
1 |
INR 78.79 |
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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
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DIV |
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Report Prepared
by : |
SUJ |
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
·
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.