MIRA INFORM REPORT

 

 

Report Date :

30.04.2012

 

IDENTIFICATION DETAILS

 

Name :

LAKAL GMBH

 

 

Registered Office :

Zinzinger Str. 11, D 66117 Saarbrücken

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2007

 

 

Date of Incorporation :

20.07.2009

 

 

Com. Reg. No.:

HRB 18034

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Manufacture of doors and windows of metal

 

 

No. of Employees :

Not Available

 

 

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 :

50,000 EUR

Status :

Satisfactory 

Payment Behaviour :

Usually correct

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 – September 30, 2011

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company name and address

 

LAKAL GmbH

Zinzinger Str. 11

D 66117 Saarbrücken

Telephone:0681/92609-0

Telefax:  0681/92609-545

Homepage: www.lakal.de

E-mail:   info@lakal.de

 

 

VAT no        

 

DE812665001

 

 

Tax ID number     

 

040/157/05308

 

 

Company details

 

LEGAL FORM                           Private limited company

Date of foundation:                     20.07.2009

Shareholders' agreement:           20.07.2009

Registered on:                           01.09.2009

Commercial Register:                 Local court 66121 Saarbrücken

under:                                                   HRB 18034

 

Share capital:                            EUR            250,000.00

 

 

Shareholder

 

Dr. Arnold Schäfer, Gesellschaft mit

beschränkter Haftung

Zinzinger Str. 11

D 66117 Saarbrücken

Legal form: Private limited company

Share capital:     EUR            613,550.28

Share:             EUR            249,500.00

Registered on: 22.02.1978

Reg. data: 66121 Saarbrücken, HRB 52112

Profit transfer agreement

 

Shareholder

Geschäftsführungsgesellschaft Karl Achenbach

mbH

Zinzinger Str. 11

D 66117 Saarbrücken

Legal form: Private limited company

Share capital:     EUR             25,564.59

Share:             EUR                500.00

Registered on: 06.01.1999

Reg. data: 66121 Saarbrücken, HRB 11482

 

 

Manager

 

Alfons Ney

D 66740 Saarlouis

authorized to jointly represent the company

born: 26.04.1963

Profession: graduate engineer

 

Manager:

Heiko Sonnekalb

F - Etzling

born: 25.01.1971

Nationality: French

 

 

Proxy

 

Dorothee Hahn

2, Impasse des Roses

F 57520 Grosbliederstroff

authorized to jointly represent the company

born: 05.04.1962

Marital status: married

 

 

Further functions/participations of Heiko Sonnekalb (Manager)

 

Manager:

Saar-Tonindustrie, Gesellschaft mit

beschränkter Haftung

An der Römerbrücke 12

D 66121 Saarbrücken

Legal form: Private limited company

Share capital:     EUR            600,000.00

Registered

on:         09.05.1924

Reg. data:  66121 Saarbrücken, HRB 4319

 

Manager:

Dr. Arnold Schäfer, Gesellschaft mit

beschränkter Haftung

Zinzinger Str. 11

D 66117 Saarbrücken

Legal form: Private limited company

Share capital:     EUR            613,550.28

Registered

on:         22.02.1978

Reg. data:  66121 Saarbrücken, HRB 52112

 

Manager:

ZWN GmbH

Zinzinger Str. 11

D 66117 Saarbrücken

Legal form: Private limited company

Share capital:     EUR            204,516.75

Registered

on:         08.11.1999

Reg. data:  66121 Saarbrücken, HRB 52972

 

Manager:

Dr. Arnold Schäfer Bergbau GmbH

Zinzinger Str. 11

D 66117 Saarbrücken

Legal form: Private limited company

Share capital:     EUR            255,645.94

Registered

on:         17.06.1996

Reg. data:  66121 Saarbrücken, HRB 52825

 

 

COMPANY HISTORY

 

17.03.1999 - 17.03.1999  Karl Achenbach GmbH

Zinzinger Str. 11

D 66117 Saarbrücken

Private limited company

18.03.1999 - 01.09.2009  Karl Achenbach GmbH & Co KG (bis

01.09.2009)

Zinzinger Str. 11

D 66117 Saarbrücken

Ltd partnership with priv. ltd. company

as general partner

 

BUSINESS ACTIVITIES

 

Sectors

25120   Manufacture of doors and windows of metal

25993   Manufacture of metal products n.e.c.

46743   Wholes of metal and plastic goods for construction purposes

 

 

FINANCIAL INFORMATION

 

Payment experience:  within periods customary in this trade

 

Negative information:We have no negative information at hand.

 

Maximum credit:      50,000 EUR

 

Balance sheet year:  2007

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Zinzinger Str. 11

D 66117 Saarbrücken

 

Land register documents were not available.

 

 

BANKERS

 

POSTBANK, SAARBRÜCKEN

LANDESBANK SAAR, SAARBRÜCKEN

LANDESBANK SAAR, SAARBRÜCKEN

SPARKASSE SAARBRÜCKEN, SAARBRÜCKEN

BANK 1 SAAR, SAARBRÜCKEN

COMMERZBANK, SAARBRÜCKEN

CREDIT COMMERCIAL DE FRANCE, STRASBOURG

BIC: CCFRFRPP260

 


 

FINANCIAL FIGURES

 

Total numbers of vehicles:                                     64

- Lorries:                                                     30

- Passenger cars:                                               1

Employees:                                                    313

- thereof permanent staff:                                    304

- Part-time employees:                                          6

- Temporary workers:                                            3

 

Profit transfer agreement to:

Dr. Arnold Schäfer, Gesellschaft mit

beschränkter Haftung

Zinzinger Str. 11

D 66117 Saarbrücken

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 33.30

Liquidity ratio:                   1.17

Return on total capital [%]:      11.90

Balance sheet grade:                2.2

 

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.

 

Balance sheet grade

The balance sheet grade is based on the following ratios: equity

ratio, liquidity ratio and return on total capital from the

balance sheets published in the Federal Gazette. It is calculated

in accordance with the methodology of Euler Hermes. It ranges

from 1.0 (positive) to 5.0 (negative).

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2007 - 31.12.2007

 

ASSETS                                  EUR         17,901,768.93

Fixed assets                           EUR          4,508,134.28

Intangible assets                     EUR             60,389.00

Tangible assets                       EUR          3,334,653.00

Land / similar rights                EUR          1,122,461.50

Plant / machinery                    EUR            783,315.00

Other tangible assets / fixtures and

fittings                             EUR          1,323,426.50

Advance payments made / construction

in progress                          EUR            105,450.00

Financial assets                      EUR          1,113,092.28

Shares in participations /

subsidiaries and the like            EUR             15,350.00

Shares in cooperatives              EUR             15,350.00

Loans to participations /

subsidiaries and the like            EUR          1,097,742.28

Loans to related companies          EUR          1,097,742.28

Current assets                         EUR         13,170,633.55

Stocks                                EUR          6,864,388.00

Raw materials, consumables and

supplies                             EUR          5,733,423.00

Finished goods / work in progress    EUR          1,130,965.00

Accounts receivable                   EUR          5,618,820.33

Trade debtors                        EUR          5,171,636.81

Other debtors and assets             EUR            447,183.52

Liquid means                          EUR            687,425.22

Remaining other assets                 EUR            223,001.10

Accruals (assets)                     EUR            223,001.10

 

LIABILITIES                             EUR         17,901,768.93

Shareholders' equity                   EUR          5,955,950.19

Capital                               EUR          5,105,901.19

Capital of the fully liable partner

(LP, general partnership)            EUR             88,112.97

Capital contribution of gen.

partner/accounts of the pers. liable

shareholder                         EUR                511.29

Share capital / accounts            EUR             87,601.68

Limited partner's capital / capital

of partially liable partner (LP)     EUR          5,017,788.22

Limited partner's  capital, fixed

capital, capital account I          EUR            255,134.65

Variable capital / variable accountsEUR          4,762,653.57

Reserves                              EUR            850,049.00

Items between shareholders' equity and

debt capital                           EUR          5,000,000.00

Mezzanine financing                   EUR          5,000,000.00

Participation

certificate/participation rights

capital                              EUR          5,000,000.00

Provisions                             EUR          1,432,863.52

Provisions for taxes                  EUR            552,977.00

Other / unspecified provisions        EUR            879,886.52

Liabilities                            EUR          5,512,955.22

Financial debts                       EUR          2,011,003.12

Liabilities due to banks             EUR          2,011,003.12

Other liabilities                     EUR          3,501,952.10

Trade creditors (for IAS incl. bills

of exchange)                         EUR          2,423,861.37

Liabilities due to shareholders      EUR             25,083.01

Unspecified other liabilities        EUR          1,053,007.72

Guarantees and other commitments       EUR              1,136.00

Discounted bills of exchange          EUR              1,136.00

 

PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

Code (HGB)

Sales                                  EUR         52,448,103.19

Inventory change + own costs (+/-)     EUR            133,983.00

Inventory change (+/-)                EUR            133,983.00

Other operating income                 EUR            577,679.96

Cost of materials                      EUR         29,534,389.17

Raw materials and supplies, purchased

goods                                 EUR         27,298,494.57

Purchased services                    EUR          2,235,894.60

Gross result (+/-)                     EUR         23,625,376.98

Staff expenses                         EUR         12,403,574.31

Wages and salaries                    EUR         10,125,447.73

Social security contributions and

expenses for pension plans and

benefits                              EUR          2,278,126.58

Total depreciation                     EUR            452,550.37

Depreciation on tangible / intangible

asssets (incl. start-up and exp. of

bus.                                  EUR            452,550.37

Other operating expenses               EUR          7,481,582.52

Operating result from continuing

operations                             EUR          3,287,669.78

Interest result (+/-)                  EUR           -671,010.81

Interest and similar income           EUR             63,390.47

thereof from related companies       EUR             59,675.61

Interest and similar expenses         EUR            734,401.28

Financial result (+/-)                 EUR           -671,010.81

Result from ordinary operations (+/-)  EUR          2,616,658.97

Income tax / refund of income tax (+/-)EUR           -455,463.76

Other taxes / refund of taxes          EUR            -34,794.48

Tax (+/-)                              EUR           -490,258.24

Annual surplus / annual deficit        EUR          2,126,400.73

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.52.68

UK Pound

1

Rs.85.12

Euro

1

Rs.69.38

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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%)

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.