MIRA INFORM REPORT

 

 

Report Date :

01.10.2014

 

IDENTIFICATION DETAILS

 

Name :

LUDESCHER CABLECRANE-SYSTEMS GMBH

 

 

Registered Office :

Industriestraße  8, A-6832 Sulz

 

 

Country :

Austria

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

1989

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

·         Transport by cable railways, funiculars and ski-lifts

·         Renting and leasing of other machinery, equipment and tangible goods

 

 

No. of Employees :

05

 

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

 

Status :

Satisfactory

Payment Behaviour :

No complaints

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Austria

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

AUSTRIA - ECONOMIC OVERVIEW

 

Austria, with its well-developed market economy, skilled labor force, and high standard of living, is closely tied to other EU economies, especially Germany's. Its economy features a large service sector, a sound industrial sector, and a small, but highly developed agricultural sector. Following several years of solid foreign demand for Austrian exports and record employment growth, the international financial crisis of 2008 and subsequent global economic downturn led to a sharp but brief recession. Austrian GDP contracted 3.8% in 2009 but saw positive growth of about 2% in 2010 and 2.7% in 2011. Growth fell to 0.6% in 2012. Unemployment did not rise as steeply in Austria as elsewhere in Europe, partly because the government subsidized reduced working hour schemes to allow companies to retain employees. The 2012 unemployment rate of 4.3% was the lowest within the EU. Stabilization measures, stimulus spending, and an income tax reform pushed the budget deficit to 4.5% in 2010 and 2.6% in 2011, from only about 0.9% in 2008. The international financial crisis of 2008 caused difficulties for Austria's largest banks whose extensive operations in central, eastern, and southeastern Europe faced large losses. The government provided bank support - including in some instances, nationalization - to support aggregate demand and stabilize the banking system. Austria's fiscal position compares favorably with other euro-zone countries, but it faces external risks, such as Austrian banks' continued exposure to Central and Eastern Europe as well as political and economic uncertainties caused by the European sovereign debt crisis. In 2011 the government attempted to pass a constitutional amendment limiting public debt to 60% of GDP by 2020, but it was unable to obtain sufficient support in parliament and instead passed the measure as a simple law. In March 2012, the Austrian parliament approved an austerity package consisting of a mix of expenditure cuts and new revenues that will bring public finances into balance by 2016. In 2012, the budget deficit rose to 3.1% of GDP

 

Source : CIA

 


Company name and address

 

Last up-date:

2014-09-30

Company name:

LUDESCHER CABLECRANE-SYSTEMS GMBH

Status:

active company

Locations:

Industriestraße  8, A-6832 Sulz

Phone:

0043 (5522) 39412

Fax:

0043 (5522) 32486

E-mail:

office@lcs-cablecranes.com

Internet:

http://www.lcs-cablecranes.com

Activities:

Önace 49391 70% Transport by cable railways, funiculars and ski-lifts

 

Önace 77390 30% Renting and leasing of other machinery, equipment and tangible goods n.e.c.

 

General Assessment:

Model: CompanyScore

Probability of Default (Basel II):

0,85%

Low risk

Recommendation:

In respect to solvency reasons, there is nothing to say against an establishment of a business relationship.

 

Detail Assessment:

As far as insight is possible, payments are mostly made according to conditions, nothing detrimental known. No experience of importance at present.

 

Increased use of external capital, but the company's solvency is average. Earnings potential is unsatisfactory.

 

 

Additional company information

 

Year of incorporation:

1989

Activities:

 

Type of company:

Transportation and storage

Legal form:

limited liability company since 2004-03-05

companies' house number:

FN 245869 y Feldkirch 2004-03-11

VAT number:

ATU 57956607

number - Austrian National Bank:

6321313

 

 

Financial data

 

total turnover (total sales)

2013

EUR  1.700.000,00

(estimated)

total employees

2014

5

(approx.)

white collar workers

2014

4

(approx.)

blue collar workers

2014

1

(approx.)

total investments

2012

EUR  210.747,58

(exact)

 

 

Extraxt from the Companies' House

 

firm (style):

    1      Ludescher Cablecrane-Systems GmbH

legal form:

    1      Gesellschaft mit beschränkter Haftung

registered office:

    1      politischer Gemeinde Sulz

business adress:

    1      Industriestraße 8
           6832 Sulz-Röthis

capital:

    1      EUR 100.000

reference date annual accounts:

    1      31. Dezember

annual accounts:

   12      zum 31.12.2012 eingereicht am 30.09.2013

power of representation:

    1      Werden mehrere Geschäftsführer bestellt, so regelt der
           Bestellungsbeschluss deren Vertretungsrecht.
    1   Gesellschaftsvertrag  vom 05.03.2004                                001

proxy:

         D   Mag (FH) Joachim Seyr, geb. 14.02.1982
    9        vertritt seit 30.05.2011 gemeinsam mit
             einem Geschäftsführer oder einem weiteren Prokuristen

managing director:

         A   Christoph Ludescher, geb. 20.11.1970
    1        vertritt seit 11.03.2004 gemeinsam mit
             einem weiteren Geschäftsführer
         B   Dr Rudolf Knünz, geb. 08.07.1951
    1        vertritt seit 11.03.2004 gemeinsam mit
             einem weiteren Geschäftsführer
         E   Kurt Huchler, geb. 06.04.1964
   11        vertritt seit 21.11.2013 gemeinsam mit
             einem weiteren Geschäftsführer oder einem Prokuristen

shareholder:

         A   Christoph Ludescher, geb. 20.11.1970
    1        .....................    EUR 50.000
    1        ................................................    EUR 50.000
         C   Knünz GmbH
    1        .....................    EUR 50.000
    1        ................................................    EUR 50.000
                          ------------------------------------------------------
                   Summen:           EUR 100.000                EUR 100.000

general table:

 Landesgericht Feldkirch
   1 eingetragen am 11.03.2004                  Geschäftsfall  15 Fr  1043/04 m
       Antrag auf Neueintragung einer Firma  eingelangt am 09.03.2004
   9 eingetragen am 22.06.2011                  Geschäftsfall  15 Fr  2743/11 z
       Antrag auf Änderung  eingelangt am 31.05.2011
  11 eingetragen am 03.12.2013                  Geschäftsfall  15 Fr  3641/13 m
       Antrag auf Änderung  eingelangt am 22.11.2013
  12 eingetragen am 04.12.2013                  Geschäftsfall  15 Fr  3116/13 s
       Elektronische Einreichung Jahresabschluss  eingelangt am 30.09.2013

 

 

Real estate

 

Registration number of real estate  202  Cadastral register  92123  Sulz V  Number and date of entry  1139/2011  Status of  2014-08-19 

Part A - type of real estate  :

    GST-NR  G BA (NUTZUNG)          FLÄCHE  GST-ADRESSE
   1918     G Sonst(Betriebsf.) *     2178  Industriestraße 8
    2  a gelöscht
 

Part B - ownership details  :

    3 ANTEIL: 1/1
      Ludescher Cablecrane-Systems GmbH (FN 245869y)
      ADR: Industriestr. 8, Sulz   6832
       g 1139/2011 Kaufvertrag 2010-12-07 Eigentumsrecht
 

Part C - registered charges  :

    9  a 1139/2011 Pfandurkunde 2011-01-25
           PFANDRECHT                              Höchstbetrag EUR 1.300.000,--
           für Vorarlberger Landes- und Hypothekenbank
           Aktiengesellschaft (FN 145586 y)
       b 1139/2011 Kautionsband
            Eintragungen ohne Währungsbezeichnung sind Beträge in ATS
 Grundbuch 22.01.2013 09:52:51
 

 

 

Private data

 

 

Surname

 

 

Date of birth

 

 

Address

 

 

Executive positions

 

Further executive positions (as registered in the companies' house)

Kurt Huchler

1964-04-06 

6850 Dornbirn Knie 14

manager

4

Dr.  Rudolf Josef Knünz

1951-07-08 

6850 Dornbirn Pfarrgasse 7

manager

11

 

CEO

Christoph Ludescher

1970-11-20 

6751 Braz Oberfeldweg 42

manager,

partner

1

Mag.(FH)  Joachim Seyr

 

1982-02-14 

 

6850 Dornbirn Schillerstraße 28b

joint signing clerk

 

3

 

 

 

Balance Sheet 

 

(absolute) all amounts in EUR 

 

 

2012-12-31 

Intangible assets

3.328,53

Sum intangible assets

3.328,53

Tangible assets

1.691.104,35

Sum tangible assets

1.691.104,35

Sum fixed assets

1.694.432,88

Stocks

3.075.445,36

Sum stock

3.075.445,36

Claims and other assets

1.240.835,07

Sum claims

1.240.835,07

Cash on hand, cheques and bank deposits

309.161,44

Sum cash and bank

309.161,44

Sum current assets

4.625.441,87

Deferred charges

13.131,32

Sum deferred charges

13.131,32

Assets

6.333.006,07

Subscribed/declared capital

100.000,00

Balance sheet profit/balance sheet loss

659.623,81

Thereof profit/loss carried forward

623.486,01

Sum equity capital

759.623,81

Other reserves before taxes

26.278,25

Sum reserves before taxes

26.278,25

Investment contributions

70.124,82

Sum floor capital

70.124,82

Reserves

24.031,15

Sum reserves

24.031,15

Liabilities

5.439.643,04

Sum liabilities

5.439.643,04

Deferred income

13.305,00

Sum deferred income

13.305,00

Liabilities

6.333.006,07

Balance sheet sum

6.333.006,07

 

 

Key ratios

 

 

2012  

 

 

 

 

 

Equity capital share

  13,51

 

 

 

 

 

Fixed assets coverage

  50,51

 

 

 

 

 

 

 

Locations

 

Type

Locations

Description

 

 

E-mail 

operational 

Industriestraße  8, A-6832 Sulz

registered office 

 

 

 

operational 

Industriestraße  8, A-6832 Sulz

registered headquarters, owned property 

 

 

office@lcs-cablecranes.com

 

 

related companies

 

Company name

 

Postal code

 

Stake in %

 

KSV-number

Companies House

 

Shares in this company are held by:

Knünz GmbH

 

Pfarrgasse  7, A-6850 Dornbirn

50 % 2004-03-11

 

86.569

 

FN 72711 d

 

Christoph Ludescher

 

Oberfeldweg  42, A-6751 Braz

50 % 2004-03-11

 

900.357.667

 

 

 

Affiliated companies and further participations:

GANTNER Seilbahnbau GmbH

 

Industriestraße  8, A-6832 Sulz Röthis

 

 

556.955

 

FN 35707 k

 

Christoph Ludescher

 

Hermann Sanderstraße  26, A-6700 Bludenz

 

 

1.007.995

 

 

KM Bauträger GmbH

 

Radetzkystraße  29, A-6850 Dornbirn

 

 

1.046.776

 

FN 184964 g

 

PF Beteiligungsverwaltungs GmbH

Edisonstraße  1, A-4600 Wels

 

 

1.189.512

 

FN 217335 k

 

Pierer Invest Beteiligungs GmbH

Edisonstraße  1, A-4600 Wels

 

 

1.897.731

 

FN 343376 s

 

Kurt Ferdinand Huchler

 

Knie  14, A-6850 Dornbirn

 

 

1.978.633

 

 

RK Invest Holding GmbH

 

Edisonstraße  1, A-4600 Wels

 

 

7.060.697

 

FN 366530 s

 

GARTENLAND Wohnbau GmbH

 

Radetzkystraße  29, A-6850 Dornbirn

 

 

7.279.959

 

FN 416258 w

 

 

 

Bankers

 

 

 

 

Banker

Bank sort code

Type of banking connection

Raiffeisenbank Vorderland, 6832 Sulz/Röthis

 

37475

 

main bank connection

 

Vorarlberger Landes- und Hypothekenbank Aktienges., 6700 Bludenz

 

58000

 

secondary banking connection

 

 

 

 

 

Historical development

 

Year of incorporation:

1989

Date of registration:

2004-03-11

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.61

UK Pound

1

Rs.100.28

Euro

1

Rs.78.21

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

NIS

 

               

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.