MIRA INFORM REPORT
|
Report Date : |
18.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
K. LUDWIG GESELLSCHAFT M.B.H. |
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Registered Office : |
Hermann Gebauerstraße 11, A-1220 Wien |
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Country : |
Austria |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
26.08.1975 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Retail sale of household furniture in specialised stores |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
EUR 1.122.000,00 |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Austria |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic company information
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Company name: |
K. Ludwig Gesellschaft m.b.H. |
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Status: |
active company |
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Locations: |
Hermann Gebauerstraße 11, A-1220 Wien |
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Phone: |
0043 (1) 73248 |
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Fax: |
0043 (1) 73248 - 214 |
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E-mail: |
info@ludwig.eu |
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Internet: |
http://www.ludwig.eu |
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Activities: |
Önace 47592 65% Retail sale of household furniture in
specialised stores |
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|
Önace 47599 10% Retail sale of other household articles
n.e.c. in specialised stores |
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|
Önace 47530 10% Retail sale of carpets, rugs, wall and
floor coverings in specialised stores |
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Önace 56101 5% Restaurants |
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Önace 47789 5% Other retail sale of new goods n.e.c. in
specialised stores |
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Önace 47710 5% Retail sale of clothing in specialised
stores |
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General Assessment: |
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Recommendation We recommends to establish a business and credit
relationship, and to benefit from arising business opportunities. The solvency
of the company is above average, risk is considered very low. |
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Detail Assessment: |
Payments are sometimes made using cash discounts or
according to conditions. |
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Financial situation is satisfactory. |
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Maximum credit EUR 1.122.000,00 |
Additional company information
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Year of incorporation: |
1975 |
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Type of company: |
Wholesale and retail trade; repair of motor vehicles |
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Legal form: |
limited liability company since 1975-08-11 |
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companies' house number: |
FN 113378 h Wien 1975-08-26 |
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Activities: |
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Trade names: |
MÖBEL LUDWIG |
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VAT number: |
ATU 14619402 |
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number - Austrian National Bank: |
66460 |
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Import |
Country |
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Import |
Germany |
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2011 |
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Export |
Country |
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Export |
Bulgaria |
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2011 |
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Financial data
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total turnover (total sales) |
2010 |
EUR 48.750.000,00 |
(estimated) |
|
total turnover (total sales) |
2009 |
EUR 48.820.152,37 |
(exact) |
|
total turnover (total sales) |
2008 |
EUR 47.804.515,90 |
(exact) |
|
total turnover (total sales) |
2007 |
EUR 48.098.993,98 |
(exact) |
|
total turnover (total sales) |
2006 |
EUR 46.084.029,09 |
(exact) |
|
total employees |
2011 |
325 |
(approx.) |
|
white collar workers |
2011 |
232 |
(approx.) |
|
blue collar workers |
2011 |
76 |
(approx.) |
|
apprentices |
2011 |
17 |
(approx.) |
|
total stock |
2010 |
EUR 10.000.000,00 |
(average) |
|
total investments |
2008 |
EUR 3.309.118,90 |
(exact) |
|
total company vehicles |
2011 |
50 |
(approx.) |
|
self-financed vehicles |
2011 |
50 |
(approx.) |
|
cars |
2011 |
18 |
(approx.) |
|
lorries up to 3.5t |
2011 |
32 |
(approx.) |
Extraxt from the Companies' House
|
firm
(style): |
|
1
K. Ludwig Gesellschaft m.b.H. |
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legal
form: |
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1 Gesellschaft mit beschränkter Haftung |
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registered
office: |
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1
politischer Gemeinde Wien |
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business
adress: |
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7
Hermann-Gebauer-Straße 11 |
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capital: |
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1
ATS 3.000.000 |
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reference
date annual accounts: |
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1
31. Dezember |
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annual
accounts: |
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19
zum 31.12.2009 eingereicht am 05.01.2011 |
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power
of representation: |
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1
Die Gesellschaft wird, wenn mehrere Geschäftsführer |
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proxy: |
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G
Johann Schaffer, geb. 03.07.1949 |
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managing
director: |
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A
Josef Frischeis, geb. 19.08.1945 |
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shareholder: |
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B
Mag Josef Frischeis, geb. 29.12.1966 |
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general
table: |
|
Handelsgericht Wien |
Real estate
|
Registration number of real
estate 3938 Cadastral register 01660 Kagran W
Number and date of entry 853/2010 Status of
2010-09-30 |
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Part
A - type of real estate : |
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GST-NR
G BA (NUTZUNG)
FLäCHE GST-ADRESSE |
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Part
B - ownership details : |
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1 ANTEIL: 67/100 |
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Part
C - registered charges : |
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2
gelöscht |
Private data
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
|
Mag. Josef Frischeis |
1966-12-29 |
2000 Stockerau Am Neubau 63 |
manager, partner, head of sales, head of marketing |
2 |
|
KR Josef Frischeis |
1945-08-19 |
Stockerau Lenaustraße 22 |
manager |
5 |
|
Mag. Hubert Meindl |
1969-03-18 |
1160 Wien Liebknechtgasse 2 |
manager, head of purchasing |
0 |
|
Barbara Frischeis |
1981-06-09 |
2000 Stockerau Lenaustraße 22 |
partner |
2 |
|
Mag. Susanne Persico |
1969-04-27 |
2000 Stockerau Hauptstraße 38-42 |
partner |
5 |
|
Johann Schaffer |
1949-07-03 |
2100 Leobendorf Siedlerstraße 1 |
joint signing clerk, head of accounting |
0 |
Balance Sheet
(absolute) all amounts in EUR
|
|
2009-12-31 |
|
Franchises, patents, licences, trademarks and similar
rights and advantages |
97.302,28 |
|
Sum intangible assets |
97.302,28 |
|
Land with buildings (building value) |
30.789.910,86 |
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Other operating and business equipment |
745.062,10 |
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Technical plants and machines |
397.393,00 |
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Advanced payments and constructions in progress |
1.494.493,35 |
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Sum tangible assets |
33.426.859,31 |
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Shares on related firms |
2.028.969,05 |
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Other financial assets, values and securities of fixed
assets |
1.322.133,16 |
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Sum financial assets |
3.351.102,21 |
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Sum fixed assets |
36.875.263,80 |
|
Finished products |
4.947.098,45 |
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Sum stock |
4.947.098,45 |
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Claims from delivered goods and performed services |
434.407,43 |
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Claims against related firmes Claims against companies
with shareholding relationship |
64.925,77 |
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Other claims and assets |
1.043.463,80 |
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Sum claims |
1.542.797,00 |
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Cash on hand, cheques and bank deposits |
1.069.552,94 |
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Sum cash and bank |
1.069.552,94 |
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Sum current assets |
7.559.448,39 |
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Assets |
44.434.712,19 |
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Subscribed/declared capital |
218.018,50 |
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Legal reserves |
21.801,85 |
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Free reserves |
2.907.007,54 |
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Balance sheet profit/balance sheet loss |
14.769.919,18 |
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Thereof profit/loss carried forward |
12.400.852,59 |
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Sum equity capital |
17.916.747,07 |
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Valuation reserves and other reserves before taxes |
2.318.168,59 |
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Sum reserves before taxes |
2.318.168,59 |
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Reservesfor severance pays |
582.803,00 |
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Reserves for pensions |
1.456.347,00 |
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Other reserves |
1.657.307,00 |
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Sum reserves |
3.696.457,00 |
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Liabilities against credit institutes |
5.840.874,53 |
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Received advanced payments for orders |
2.346.037,44 |
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Liabilities from delivered goods and performed services
from the acceptance of drafts and emission of promissory notes |
2.955.590,83 |
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Liabilities against related firms |
57.521,52 |
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Other liabilities |
9.303.315,21 |
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Sum liabilities |
20.503.339,53 |
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Liabilities |
44.434.712,19 |
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Balance sheet sum |
44.434.712,19 |
P / L Account
(absolute) all amounts in EUR
|
|
2009-12-31 |
|
Gross profit |
22.516.662,21 |
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Sum turnover or sum gross profit |
22.516.662,21 |
|
Other operating profits |
1.788.944,89 |
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Other operating profits totally |
1.788.944,89 |
|
Wages |
-1.661.150,14 |
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Salaries |
-5.282.420,50 |
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Costs for severance pays |
-149.673,51 |
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Costs for old age pension |
-43.736,00 |
|
Legal fringe benefits and other payments depending on
salaries |
-1.935.294,23 |
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Other social fringe benefits |
-20.434,92 |
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Personnel expenses totally |
-9.092.709,30 |
|
Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business
operation |
-1.150.350,89 |
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Depreciation tangible assets / intangible assets
totally |
-1.150.350,89 |
|
Different operating costs |
-11.125.719,12 |
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Other taxes |
-97.447,99 |
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Other operating costs totally |
-11.223.167,11 |
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Operating result totally |
2.839.379,80 |
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Income from other securities and loans of financial
assets |
172.835,47 |
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Interest income, securties income and similar income |
50.137,41 |
|
Profits from the retirement of and investment in financial
assets |
280.249,59 |
|
Disbursements from other financial assets and from
securities of current assets (e.g. depreciations) |
-50.423,69 |
|
Interest and similar disbursements |
-279.231,50 |
|
Financial profits totally |
173.567,28 |
|
Results from usual business activity
totally |
3.012.947,08 |
|
Taxes on income and profits |
-656.628,93 |
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Taxes on income and profits totally |
-656.628,93 |
|
Annual surplus/annual deficit
totally |
2.356.318,15 |
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Dissolution reserves before taxes |
12.748,44 |
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Reserves movements totally |
12.748,44 |
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Annual profit/annual loss
totally |
2.369.066,59 |
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Profit and loss carried forward from previous year |
12.400.852,59 |
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Transfer of profits totally |
12.400.852,59 |
|
B/S profit/ B/S loss from profit and
loss account |
14.769.919,18 |
Key ratios
|
|
2009 |
|
Cash flow II |
3.506.669,04 |
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Debt amortisation period |
5,92 |
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Bank indebtedness |
13,14 |
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Equity capital share |
48,07 |
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Social capital share |
4,58 |
|
Fixed assets coverage |
60,40 |
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Net profit ratio |
0,00 |
|
Capital turnover |
0,00 |
|
Return on investment |
7,40 |
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Cash flow in % of operating performance |
0,00 |
|
Cash flow I |
4.163.297,97 |
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Gross productivity |
0,00 |
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Net productivity |
0,00 |
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Operating performance |
0,00 |
|
Inventories in % of operating performance |
0,00 |
|
Gross profit |
22.516.662,21 |
Locations
|
Type |
Locations |
Description |
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E-mail |
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operational |
Hermann Gebauerstraße 11, A-1220 Wien |
registered office |
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operational |
Hermann Gebauerstraße 11, A-1220 Wien |
registered headquarters, owned property |
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|
info@ludwig.eu |
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operational |
Pragerstraße 101-105, A-1210 Wien |
branch office, rented premises |
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operational |
Altmannsdorferstraße 79-81, A-1120 Wien |
branch office, owned property |
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operational |
Katharinengasse 1, A-1100 Wien |
branch office, rented premises |
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former |
Pragerstraße 101-103, A-1210 Wien |
registered office |
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former |
Horner Bundesstraße 76-82, A-2000 Stockerau |
registered headquarters |
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former |
Horner Bundesstraße 76-82, A-2000 Stockerau |
branch office |
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former |
Linzerstraße 171, A-1140 Wien |
registered headquarters |
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related companies
|
Company name |
Postal code |
Stake in % |
|
Companies House |
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Shares in this company are
held by: |
||||
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Mag. Josef Frischeis |
Am Neubau 63, A-2000 Stockerau |
74 % 1994-08-18 |
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Barbara Frischeis |
Lenaustraße 22, A-2000 Stockerau |
9 % 2003-05-27 |
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Mag. Susanne Persico |
Hauptstraße 38-42/23, A-2000 Stockerau |
9 % 1994-08-18 |
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Chic Realitätenverwaltungs- gesellschaft m.b.H. |
Hermann-Gebauer-Straße 11, A-1220 Wien |
8 % 1994-08-18 |
|
FN 114064 t |
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Affiliated companies and
further participations: |
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|
Josef Frischeis Gesellschaft m.b.H. |
Lenaustraße 22, A-2000 Stockerau |
|
125.103 |
FN 61671 v |
|
Holzhof Gutsbetriebs- gesellschaft m.b.H. |
Gegend 32, A-2663 Rohr Gebirge |
|
435.720 |
FN 111706 z |
|
JOJO-WerbegesmbH |
Hermann Gebauerstraße 11, A-1220 Wien |
|
1.197.810 |
FN 219222 k |
Bankers
|
Banker |
Bank sort code |
Type of banking connection |
|
UniCredit Bank Austria AG, 2000 Stockerau long-term loan |
12000 |
main bank connection EUR 4.600.000,00 |
|
Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien |
20111 |
secondary banking connection |
|
RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG, 1011 Wien |
32000 |
secondary banking connection |
Historical development
|
Year of incorporation: |
1975 |
|
Date of registration: |
1975-08-26 |
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Former shareholders: |
|||
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From |
To |
Function |
Name |
|
1994-08-18 |
2003-05-27 |
partner |
Josef Frischeis |
|
Former shareholdings: |
||
|
From |
To |
Name |
|
|
|
WOHNREGION Handelsgesellschaft m.b.H. |
|
1993-12-22 |
1998-06-20 |
Concorde Austria Handels- GesmbH in Liqu. |
-=
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
UK Pound |
1 |
Rs.72.43 |
|
Euro |
1 |
Rs.63.62 |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.