MIRA INFORM REPORT

 

 

Report Date :

18.10.2013

 

IDENTIFICATION DETAILS

 

Name :

LKE GESELLSCHAFT FÜR LOGISTIK- UND KOMMUNIKATIONSEQUIPMENT MBH

 

 

Registered Office :

Weserstr. 2-4, D 45768 Marl

 

 

Country :

Germany

 

 

Date of Incorporation :

01.12.1994

 

 

Com. Reg. No.:

HRB 5854

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Manufacture of communication equipment

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

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 declining 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 growth in 2006 and 2007 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 - and its decrease to 6.5% in 2012. GDP contracted 5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a reflection of low investment spending due to crisis-induced uncertainty and the decreased demand for German exports from recession-stricken periphery countries. 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. In 2012 Germany reached a budget surplus of 0.1%. 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. By 2014, the federal government wants to balance its budget. 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 hopes to replace nuclear power with renewable energy. 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.

 

Source : CIA

 

Company name and address

 

LKE GESELLSCHAFT FÜR LOGISTIK- UND KOMMUNIKATIONSEQUIPMENT MBH

 

 Company Status:          active

                                    Weserstr. 2-4

                                    D 45768 Marl

                                    Telephone:02365/91000

                                    Telefax:  02365/910010

                                     Homepage: www.lke-group.de

                                     E-mail:   info@lke-group.com

 

 VAT no.:                      DE167800213

 

 

CONCLUSION

 

 Business relations are permissible.

 

 LEGAL FORM              Private limited company

 Date of foundation:         01.12.1994

 Shareholders'

 agreement:                   01.12.1994

 Registered on:              22.07.1996

 Commercial Register:    Local court 45879 Gelsenkirchen

 under:                          HRB 5854

 

 Share capital:                          EUR             26,000.00

 

 Shareholder:

                      LKE Holding GmbH

                      Weserstr. 2-4

                      D 45768 Marl

                      Legal form: Private limited company

                      Share capital:     EUR            100,000.00

                      Share:             EUR             26,000.00

                      Registered on: 22.03.2011

                      Reg. data: 45879 Gelsenkirchen, HRB 10948

                      Control and profit transfer agreement

 Manager:

                      Werner Eidams

                      Richard-Strauss-Weg 6

                      D 46282 Dorsten

                      born: 06.07.1948

 Manager:

                      Daniel Möhrke

                      Eppendorfer Baum 18

                      D 20249 Hamburg

                      having sole power of representation

                      born: 30.06.1970

 Proxy:

                      Jürgen Hövelmann

                      D 44623 Herne

                      authorized to jointly represent the company

                      born: 17.01.1960

                      Profession: Businessman

 Proxy:

                      Marten Büttner

                      D 82067 Ebenhausen

                      authorized to jointly represent the company

                      born: 02.09.1963

 

 Further functions/participations of Daniel Möhrke (Manager)

 Manager:

                      LKE Holding GmbH

                      Weserstr. 2-4

                      D 45768 Marl

                      Legal form: Private limited company

                      Share capital:     EUR            100,000.00

                      Registered

                      on:         22.03.2011

                      Reg. data:  45879 Gelsenkirchen, HRB 10948

 Manager:

                      LKE Production GmbH

                      Eichenallee 23

                      D 01558 Großenhain

                      Legal form: Private limited company

                      Share capital:     EUR            200,000.00

                      Registered

                      on:         13.12.2007

                      Reg. data:  01069 Dresden, HRB 26194

 Manager:

                      LKE Schneider Leichtbau GmbH

                      In den Kirchenmatten 54-56

                      D 79110 Freiburg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         06.02.2012

                      Reg. data:  79098 Freiburg, HRB 708008

 Liquidator:

                      LogimaxX GmbH

                      Weserstr. 4

                      D 45768 Marl

                      Legal form: Private limited company in

                                  liquidation

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         28.08.2007

                      Reg. data:  45879 Gelsenkirchen, HRB 9109

 

 

 COMPANY HISTORY

 

 01.12.1994 - 22.07.1996  L K E  Gesellschaft für Logistik- und

                          Kommunikationsequipment mbH

                          Elsterwerdaer Str. 31a

                          D 04932 Merzdorf

                          Private limited company

 22.07.1996 - 07.1999     LKE Gesellschaft für Logistik- und

                          Kommunikationsequipment mbH

                          Mainstr. 8-10

                          D 45768 Marl

                          Private limited company

 08.1999 - 02.04.2008     LKE Gesellschaft für Logistik- und

                          Kommunikationsequipment mbH

                          Weserstr. 4

                          D 45768 Marl

                          Private limited company

 

 

 BUSINESS ACTIVITIES

 

 Sectors

 26300   Manufacture of communication equipment

46691   Wholesale of industrial trucks and vehicles n.e.c.

 

 

PARTICIPATIONS

 

 Shareholder:

                      LKE Production GmbH

                      Eichenallee 23

                      D 01558 Großenhain

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            200,000.00

                      Share:             EUR            140,000.00

                      Reg. data:  13.12.2007

                                  Local court 01069 Dresden

                                  HRB 26194

 Shareholder:

                      LogimaxX GmbH

                      Weserstr. 4

                      D 45768 Marl

                      Legal form: Private limited company

                      Company Status: in liquidation

                      since:          04.07.2011

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  28.08.2007

                                  Local court 45879 Gelsenkirchen

                                  HRB 9109

 Shareholder:

                      LKE Schneider Leichtbau GmbH

                      In den Kirchenmatten 54-56

                      D 79110 Freiburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  06.02.2012

                                  Local court 79098 Freiburg

                                  HRB 708008

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

 Negative information:     We have no negative information at hand.

 

 Balance sheet year:       2010

 

 

 

 REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Weserstr. 2

                      D 45768 Marl

 Size:                  8,000.00 sq.m

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Eichenallee 23

                      D 01558 Großenhain

 Size:                  5,800.00 sq.m

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Weserstr. 4

                      D 45768 Marl

 Size:                  9,000.00 sq.m

 

 Type of ownership:   Tenant

 Address              Weserstr. 2-4

                      D 45768 Marl

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 SPARKASSE VEST RECKLINGHAUSEN, MARL, WESTF

 Sort. code: 42650150, Account no.: 60053956, BIC: WELADED1REK

 

 Further bank

 VOLKSBANK MARL-RECKLINGHAUSEN, MARL, WESTF

 Sort. code: 42661008, BIC: GENODEM1MRL

 

 

 FINANCIAL FIGURES

 

 The number of employees is not known.

 

Control and profit transfer agreement to:

 LKE Holding GmbH

Weserstr. 2-4

D 45768 Marl

 

 

 BALANCE SHEETS

 

 Balance sheet ratios                 01.01.2010 - 31.12.2010

 Equity ratio [%]:                        72.84

 Liquidity ratio:                           2.42

 Return on total capital [%]:      33.82

 

 Balance sheet ratios                 01.01.2009 - 31.12.2009

 Equity ratio [%]:                        46.32

 Liquidity ratio:                            1.88

 Return on total capital [%]:         41.18

 

 Balance sheet ratios                 01.01.2008 - 31.12.2008

 Equity ratio [%]:                        39.11

 Liquidity ratio:                            1.26

 Return on total capital [%]:      43.59

 

 Balance sheet ratios                 01.01.2007 - 31.12.2007

 Equity ratio [%]:                         40.86

 Liquidity ratio:                           1.95

 Return on total capital [%]:        38.01

 

 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:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR          9,800,718.42

  Fixed assets                           EUR          3,844,346.23

   Intangible assets                     EUR             43,109.00

   Tangible assets                       EUR          3,485,668.55

    Land / similar rights                EUR          3,203,789.55

    Plant / machinery                    EUR             27,097.00

    Other tangible assets / fixtures and

    fittings                             EUR            254,782.00

   Financial assets                      EUR            315,568.68

    Shares in participations /

    subsidiaries and the like            EUR            285,568.68

     Shares in related companies         EUR            285,568.68

    Loans to participations /

    subsidiaries and the like            EUR             30,000.00

     Loans to related companies          EUR             30,000.00

  Current assets                         EUR          5,888,511.58

   Stocks                                EUR          2,015,425.43

   Accounts receivable                   EUR          2,656,390.57

    Trade debtors                        EUR          1,909,527.08

    Amounts due from related companies   EUR            106,924.13

    Other debtors and assets             EUR            639,939.36

   Liquid means                          EUR          1,216,695.58

  Remaining other assets                 EUR             67,860.61

   Accruals (assets)                     EUR             67,860.61

 

 LIABILITIES                             EUR          9,800,718.42

  Shareholders' equity                   EUR          7,144,381.98

   Capital                               EUR             26,000.00

    Subscribed capital (share capital)   EUR             26,000.00

   Balance sheet profit/loss (+/-)       EUR          7,118,381.98

    Profit / loss brought forward        EUR          4,411,632.21

    Balance sheet profit / loss          EUR          2,706,749.77

  Provisions                             EUR            340,173.01

   Other / unspecified provisions        EUR            340,173.01

  Liabilities                            EUR          2,316,163.43

   Financial debts                       EUR                 23.84

    Liabilities due to banks             EUR                 23.84

   Other liabilities                     EUR          2,316,139.59

    Liabilities from received advance

    payments                             EUR             59,548.29

    Liabililties due to related companiesEUR          1,078,121.82

    Unspecified other liabilities        EUR          1,178,469.48

     thereof liabilities from tax /

     financial authorities               EUR             82,226.07

     thereof liabilities from social

     security                            EUR             13,433.39

 

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

 Code (HGB)

  Gross result (+/-)                     EUR          9,762,471.46

  Staff expenses                         EUR          2,871,160.70

   Wages and salaries                    EUR          2,454,546.56

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            416,614.14

  Total depreciation                     EUR            248,392.10

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            248,392.10

  Other operating expenses               EUR          1,732,071.19

  Operating result from continuing

  operations                             EUR          4,910,847.47

  Result from participating interests

  (+/-)                                  EUR           -114,500.01

   Expenses for participations           EUR            114,500.01

    Expenses for other participations    EUR            114,500.01

  Interest result (+/-)                  EUR            -95,131.23

   Interest and similar income           EUR             66,906.27

    thereof from related companies       EUR                  0.00

   Interest and similar expenses         EUR            162,037.50

    thereof paid to related companies    EUR                379.97

  Financial result (+/-)                 EUR           -209,631.24

  Result from ordinary operations (+/-)  EUR          4,701,216.23

  Extraordinary income                   EUR            936,804.00

  Extraordinary expenses                 EUR          1,537,449.69

  Extraordinary result (+/-)             EUR           -600,645.69

  Income tax / refund of income tax (+/-)EUR         -1,391,865.21

  Other taxes / refund of taxes          EUR             -1,955.56

  Tax (+/-)                              EUR         -1,393,820.77

  Annual surplus / annual deficit        EUR          2,706,749.77

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          9,546,123.74

  Fixed assets                           EUR          3,902,053.66

   Intangible assets                     EUR             59,919.00

    Other / unspecified intangible assetsEUR             59,919.00

   Tangible assets                       EUR          3,556,565.98

    Land / similar rights                EUR          2,149,702.55

    Plant / machinery                    EUR             29,217.00

    Other tangible assets / fixtures and

    fittings                             EUR            299,723.00

    Advance payments made / construction

    in progress                          EUR          1,077,923.43

   Financial assets                      EUR            285,568.68

    Shares in participations /

    subsidiaries and the like            EUR            285,568.68

     Shares in related companies         EUR            285,568.68

  Current assets                         EUR          5,604,463.99

   Stocks                                EUR          1,349,686.38

   Accounts receivable                   EUR          2,740,364.46

    Amounts due from related companies   EUR             25,793.22

    Other debtors and assets             EUR          2,714,571.24

   Liquid means                          EUR          1,514,413.15

  Remaining other assets                 EUR             39,606.09

   Accruals (assets)                     EUR             39,606.09

 

 LIABILITIES                             EUR          9,546,123.74

  Shareholders' equity                   EUR          4,437,632.21

   Capital                               EUR             26,000.00

    Subscribed capital (share capital)   EUR             26,000.00

   Balance sheet profit/loss (+/-)       EUR          4,411,632.21

    Profit / loss brought forward        EUR          3,270,367.73

    Balance sheet profit / loss          EUR          1,141,264.48

  Provisions                             EUR          2,134,774.97

  Liabilities                            EUR          2,973,716.56

   Financial debts                       EUR          2,256,144.12

    Liabilities due to banks             EUR          2,256,144.12

   Other liabilities                     EUR            717,572.44

    Liabililties due to related companiesEUR            167,991.31

    Unspecified other liabilities        EUR            549,581.13

 

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

 Code (HGB)

  Gross result (+/-)                     EUR         10,575,676.17

  Staff expenses                         EUR          2,719,676.92

   Wages and salaries                    EUR          2,299,003.89

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            420,673.03

  Total depreciation                     EUR            218,750.50

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            218,750.50

  Other operating expenses               EUR          1,653,799.26

  Operating result from continuing

  operations                             EUR          5,983,449.49

  Result from participating interests

  (+/-)                                  EUR            -85,872.16

   Expenses for participations           EUR             85,872.16

    Expenses for other participations    EUR             85,872.16

  Interest result (+/-)                  EUR            -78,480.59

   Interest and similar income           EUR             20,668.53

    thereof from related companies       EUR              1,554.94

   Interest and similar expenses         EUR             99,149.12

  Financial result (+/-)                 EUR           -164,352.75

  Result from ordinary operations (+/-)  EUR          5,819,096.74

  Extraordinary income                   EUR                197.60

  Extraordinary result (+/-)             EUR                197.60

  Income tax / refund of income tax (+/-)EUR         -1,898,414.76

  Other taxes / refund of taxes          EUR             -2,025.10

  Tax (+/-)                              EUR         -1,900,439.86

  Annual surplus / annual deficit        EUR          3,918,854.48

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.58

UK Pound

1

Rs.98.51

Euro

1

Rs.83.49

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.