MIRA INFORM REPORT

 

 

Report Date :

14.03.2008

 

 

IDENTIFICATION DETAILS

 

Name :

CHRISTEN + LAUDON GMBH

 

 

Registered Office :

Apparatebau, Staffelstein, 54655 Malbergweich

 

 

Country :

Germany

 

 

Date of Incorporation :

1978

 

 

Com. Reg. No.:

HRB 32402

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Other Plastic Products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

EUR 40.000,00

 

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

 

name & address

 

Christen + Laudon GmbH Kunststoff-

Apparatebau

Staffelstein

54655 Malbergweich

Telephone: 06563/51-0

Telefax:   06563/51-235

Homepage:  www.christen-laudon.de

E-Mail:    info@christen-laudon.de

 

 

SOLVENCY RATING

 

1,7

 

 

CONCLUSION

 

The maximum credit is EUR 40.000,00.

Business relations are permissible.

 

 

LEGAL FORM          

 

Private limited company

 

 

Date of foundation

 

1978

 

 

Shareholders' agreement             

 

08.11.1978

 

 

Registered on  

 

 05.03.2002

 

 

Commercial Register

 

 Local court 54516 WITTLICH

under:               HRB 32402

 

Share capital

 

EUR            200.000,00

 

 

Shareholder

 

Günter Laudon

Metternicher Str.

53919 Weilerswist

born 21.09.1934

Share:             EUR            200.000,00

 

 

Manager

                   

Klaus Michels

Schulstr. 1

54636 Echtershausen

having sole power of representation

born 15.11.1953

Marital status: married

Children:       4

 

 

Proxy

 

Heinz Koch

Gymnasialstr. 40

54568 Gerolstein

authorized to jointly represent the company

Marital status: married

 

Proxy:

Clemens Lenz

Am Tennisplatz 3

54634 Bitburg

authorized to jointly represent the company

born 10.11.1956

Marital status: married

 

 

BUSINESS HISTORY

 

 08.11.1978           Christen & Laudon GmbH Kunststoff-

                      Apparatebau

                      Gewerbegebiet

                      54568 Gerolstein

                      Private limited company

 11.12.2001           Christen + Laudon GmbH Kunststoff-

                      Apparatebau

                      Staffelstein

                      54655 Malbergweich

                      Private limited company

 

BUSINESS ACTIVITIES

 

 2524

 MANUFACTURE OF OTHER PLASTIC PRODUCTS

 2821

 MANUFACTURE OF TANKS, RESERVOIRS AD CONTAINERS OF METAL

 

 

 FINANCIAL INFORMATION

 

Solvency rating:      1,7

Payment experience:  cash discount/within agreed terms

 

 

REAL ESTATE

 

Type of ownership:   Tenant

 Address              Staffelstein

                      54655 Malbergweich

 

 Private real estate

 Name                 Klaus Michels

 Type of ownership:   part owner

 Share:                 50,00 %

 Address              Schulstr. 1

                      54636 Echtershausen

 

 Land register documents were not available.

 

 

BANKERS

 

KREISSPARKASSE VULKANEIFEL, GEROLSTEIN

 Sort. code: 58651240, Account No: 1004233

 VR-BANK RHEIN-ERFT, WEILERSWIST

 Sort. code: 37161289, Account No: 11230

 VOLKSBANK EIFEL MITTE, GEROLSTEIN

 Sort. code: 58691500

 

FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:                      2006                 EUR          6.000.000,00

                                    2007                 EUR          6.800.000,00

 Share capital:                                       EUR            200.000,00

 Value of stocks:                                                EUR            100.000,00

 Equipment:                                           EUR            180.000,00

 Employees:                                                     12

 Approximate figures are given.

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. 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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions