MIRA
INFORM REPORT
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Report Date : |
02.05.2011 |
IDENTIFICATION DETAILS
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Name : |
LURCH AG |
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Registered Office : |
Schinkelstr. 6 D 31137 |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Year of Establishment : |
1994 |
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Com. Reg. No.: |
HRB 3271 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacture of non-electric domestic appliances |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
150.000 EUR |
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Status : |
Satisfactory |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 |
Name and address
Lurch AG
Company Status: active
Main address:
Schinkelstr. 6
D 31137
Post Box:
10 08 20, D 31108
Telephone:05121/749910
Telefax:
05121/7499150
Homepage: www.lurch.de
E-mail:
info@lurch.de
VAT no.
DE167921111
Registration data
LEGAL FORM Public limited company
Date of foundation: 1994
Begin of business
activities: 25.01.2002
Registered on: 30.04.2002
Commercial Register: Local
court 31134
under: HRB 3271
Share capital
EUR 300.000,00
Shareholder
Thorsten Dunker
Springstr. 5
D 37077 Göttingen
born: 11.08.1969
Shareholder:
Johannes Schneider jun.
Podbielskistr. 42
D 30177
born: 10.07.1957
Shareholder:
Matthias Schneider
Oststr. 19
D 31177 Harsum
born: 25.01.1963
Shareholder:
Gerald Knetsch
Sedanstr. 39
D 31134
born: 28.10.1964
Shareholder:
Johannes Schneider sen.
D 31177 Harsum
Shareholder:
Jens Hufnagel
D 31134
born: 24.03.1970
Shareholder:
Achim Wirries
D 30938 Burgwedel
born: 11.10.1957
Shareholder:
Michael Schneider
D 37120 Bovenden
born: 15.07.1964
President
of the Board of Directors:
Johannes Schneider jun.
Podbielskistr. 42
D 30177
having sole power of representation
born: 10.07.1957
Profession: Fully qualified Economist
Member
of the Board of Directors:
Matthias Schneider
Oststr. 19
D 31177 Harsum
born: 25.01.1963
Profession: Clerk
President
of the Supervisory Board:
Bernward Schneider
D 31134
Profession: Solicitor
Member
of the Supervisory Board:
Thorsten Dunker
Springstr. 5
D 37077 Göttingen
born: 11.08.1969
Profession: Businessman
Marital status: unknown
Member
of the Supervisory Board:
Wolfgang Kötter
D 31134
Profession: Businessman
Proxy:
Michael Schneider
D 37120 Bovenden
authorized to jointly represent the company
born: 15.07.1964
Profession: Businessman
Further functions/participations of Johannes Schneider jun.
(President
of the Board of Directors)
General
partner:
Schneider/ Praetze OHG
Bohlendamm 4
D 30159
Legal form: General Partnership
Registered
on:
18.01.2011
Reg. data:
30175
Manager:
ON GmbH
Schinkelstr. 7
D 31137
Legal form: Private limited company
Share capital: EUR 50.000,00
Registered
on:
15.04.2004
Reg. data:
31134
COMPANY HISTORY
08.12.1994 - 31.03.1998 LURCH
Warenhandels- und
Entwicklungs-Geschäftsführungsgesellscha
ft mbH
(bis 31.03.98)
Mahnhof 5
D 31177
Harsum
Private
limited company
31.03.1998 - 30.04.2002 LURCH
Warenhandels- und
Entwicklungs-Geschäftsführungsgesellscha
ft mbH
(bis 30.04.2002)
Schinkelstr. 7
D 31137
Private
limited company
BUSINESS ACTIVITIES
Sectors
27520 Manufacture of
non-electric domestic appliances
PARTICIPATIONS
Shareholder:
ON GmbH
Schinkelstr. 7
D 31137
Legal form: Private limited company
Company Status: active
Share capital: EUR 50.000,00
Share: EUR 50.000,00
Reg. data:
15.04.2004
Local court 31134
HRB 3528
FINANCIAL INFORMATION
Payment experience: within agreed
terms
Negative information:We have no negative information at hand.
Maximum credit: 150.000 EUR
Balance sheet year: 2009
REAL ESTATE
Type
of ownership: proprietor
Share: 100,00 %
Address Schinkelstr. 6
D 31137
Value
at selling price:
EUR 1.000.000,00
Encumbrances: EUR 900.000,00
Type of ownership: Tenant
Address Schinkelstr.
7
D 31137
Land register documents were not available.
BANKERS
SPARKASSE
Sort. code: 25950130, Account no.: 640758, BIC: NOLADE21HIK
FINANCIAL FIGURES
Turnover: 2009 EUR 8.730.000,00
Employees:
45
-
thereof permanent staff: 41
-
Part-time employees: 2
-
Trainees:
2
The aforementioned business figures may partly be estimated
information based on average values in the line of business.
BALANCE SHEETS
Balance
sheet ratios 2009
Equity
ratio [%]: 27,61
Liquidity
ratio: 0,36
Balance
sheet ratios 2008
Equity
ratio [%]: 39,45
Liquidity
ratio: 0,63
Return
on total capital [%]: 1,50
Balance
sheet ratios 2007
Equity
ratio [%]: 36,27
Liquidity
ratio: 0,76
Return
on total capital [%]: 5,84
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
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 5.594.790,03
Fixed assets EUR 1.909.817,68
Current assets EUR
3.526.994,79
Stocks EUR 2.187.718,77
Finished goods / work in progress EUR
2.187.718,77
Accounts receivable EUR 1.277.590,46
Liquid means EUR 61.685,56
Remaining other assets EUR 157.977,56
Accruals (assets) EUR 157.977,56
LIABILITIES EUR 5.594.790,03
Shareholders' equity EUR 1.544.664,69
Provisions EUR 439.767,00
Liabilities EUR 3.610.358,34
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2008 - 31.12.2008
ASSETS EUR 5.205.293,80
Fixed assets EUR 1.577.870,41
Intangible assets EUR 2,00
Tangible assets EUR 1.552.868,41
Land / similar rights EUR 1.085.015,22
Other tangible assets / fixtures and
fittings EUR 320.081,19
Advance payments made / construction
in progress EUR 147.772,00
Financial assets EUR 25.000,00
Current assets EUR 3.494.807,58
Stocks EUR 1.993.140,44
Raw materials, consumables and
supplies EUR 7.668,00
Finished goods / work in progress EUR
1.985.472,44
Accounts receivable EUR 1.442.159,40
Trade debtors EUR 1.116.634,76
Amounts due from related companies EUR 0,00
Other debtors and assets EUR 325.524,64
Liquid means EUR 59.507,74
Remaining other assets EUR 132.615,81
Accruals (assets) EUR 132.615,81
LIABILITIES EUR 5.205.293,80
Shareholders' equity EUR 2.053.619,86
Capital EUR 300.000,00
Subscribed capital (share capital) EUR 300.000,00
Reserves EUR 396.686,32
Capital reserves EUR 396.686,32
Balance sheet profit/loss (+/-) EUR 1.356.933,54
Profit / loss brought forward EUR 1.278.977,16
Annual surplus / annual deficit EUR 77.956,38
Provisions EUR 789.495,00
Pension provisions and comparable
provisions EUR 189.246,00
Provisions for taxes EUR 119.749,00
Other / unspecified provisions EUR 480.500,00
Liabilities EUR 2.362.178,94
Financial debts EUR 1.728.759,45
Liabilities due to banks EUR 1.728.759,45
Other liabilities EUR 633.419,49
Trade creditors (for IAS incl. bills
of exchange) EUR 326.505,84
Liabililties due to related
companiesEUR 58.236,00
Unspecified other liabilities EUR 248.677,65
thereof liabilities from tax /
financial authorities EUR 84.069,92
thereof liabilities from social
security EUR 0,00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
|
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.83 |
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 |
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-- |
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.