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MIRA
INFORM REPORT
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Report No. : |
498881 |
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Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
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Name : |
LCS CABLE CRANES GMBH |
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Registered Office : |
Industriestraße 8, A-6832 Sulz |
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Country : |
Austria |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1989 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
·
Transport by cable railways, funiculars and
ski-lifts ·
Manufacture of lifting and handling
equipment · Renting and leasing of other machinery, equipment and tangible goods n.e.c. |
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No. of Employees : |
50 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Austria |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 relatively sound industrial sector, and a small, but highly developed agricultural sector.
Economic growth has been relatively weak in recent years, approaching 1% in 2015, but rising to 2.3% in 2017. Austria's 5.8% unemployment rate, while low by European standards, is at its highest rate since the end of World War II, driven by an increased number of refugees and EU migrants entering the labor market. Without extensive vocational training programs and generous early retirement, the unemployment rate would be even higher.
Although Austria's fiscal position compares favorably with other euro-zone countries, it faces several external risks, such as unexpectedly weak world economic growth threatening the export market, Austrian banks' continued exposure to Central and Eastern Europe, repercussions from the Hypo Alpe Adria bank collapse, political and economic uncertainties caused by the European sovereign debt crisis, the current refugee crisis, and continued unrest in Russia/Ukraine. The budget deficit stood at 1% of GDP in 2017 and public debt declined slightly to 81.7% of GDP in 2017 after reaching a post-war high of 84.6% in 2016.
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Source : CIA |
COMPANY NAME AND ADDRESS
Activities
ÖNACE 49391 50% Transport by cable railways, funiculars
and ski-lifts
ÖNACE 28220 40% Manufacture of lifting and handling
equipment
ÖNACE 77390 10% Renting and leasing of other machinery,
equipment and tangible goods n.e.c.
Financial data
Financial details can also be entered during the period,
irrespective of the balance sheet date.
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total turnover (total sales) |
2017 |
EUR |
9.000.000,00 |
(estimated) |
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total turnover (total sales) |
2016 |
EUR |
8.217.000,00 |
(approx.) |
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total stock |
2018 |
EUR |
4.987.000,00 |
(approx.) |
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total investments |
2016 |
EUR |
2.228.941,74 |
(exact) |
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total company vehicles |
2018 |
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6 |
(approx.) |
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total employees |
2018 |
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50 |
(approx.) |
General company information
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Company name |
LCS Cable Cranes GmbH |
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Year of incorporation |
1989 |
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Type of company |
Transportation and storage |
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Legal form |
limited liability company since 2004-03-05 |
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Companies house number |
FN 245869 y Feldkirch since 2004-03-11 |
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Export |
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VAT number |
ATU 57956607 |
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number - Austrian National Bank |
6321313 |
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Last balance sheet: |
2016 |
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Banking connection |
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Locations
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operational |
A-6832 Sulz-Röthis, Industriestraße 8 |
registered office |
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operational |
A-6832 Sulz, Industriestraße 8 |
registered headquarters, owned property |
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|
0043 5522 32483 0043 5522 39412 |
office@lcs-group.com |
Private data
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Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the
companies' house) |
|
Christoph Ludescher |
1970-11-20 |
A-6751 Braz Oberfeldweg 42 |
manager |
6 |
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Mag.(FH) Joachim Seyr |
1982-02-14 |
A-6850 Dornbirn Bogengasse 7 |
manager |
7 |
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David Domig |
1980-01-01 |
A-6733 Fontanella Kirchberg 83 |
joint signing clerk |
2 |
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Gilbert Domig |
1974-01-12 |
A-6713 Ludesch Ludescherberg 32 |
joint signing clerk |
4 |
Ownership structure and related companies
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Company name |
Address |
Shareholdings in % |
Since |
Commercial register no. |
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Shares in this company are held by: |
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LCS Holding GmbH |
A-6832 Sulz Industriestraße 8 |
100 % |
2014-12-04 |
FN 422362 x |
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Affiliated companies and further participations: |
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Kästle GmbH |
A-6845 Hohenems Kaiser-Franz-Josef-Straße 61 |
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FN 372764 h |
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ECCON GmbH |
A-6832 Sulz Industriestraße 8 |
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FN 77064 f |
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LCS Pipelines GmbH |
A-6832 Sulz Industriestraße 8 |
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FN 425950 y |
FINANCIALS
Balance
Sheet (absolute) all amounts in EUR
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|
2016-12-31 |
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Franchises, patents, licences, trademarks and similar
rights and advantages |
4.860,48 |
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Advanced payments |
6.617,60 |
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Sum intangible assets |
11.478,08 |
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Land and leasehold rights with buildings thereon
including building on land owned by third parties |
1.210.882,32 |
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Other operating and business equipment |
645.978,37 |
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Technical plants and machines |
2.614.347,03 |
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Advanced payments and constructions in progress |
104.110,50 |
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Sum tangible assets |
4.575.318,22 |
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Shares on related firms |
20.131,53 |
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Sum financial assets |
20.131,53 |
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Sum fixed assets |
4.606.927,83 |
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Finished products |
4.986.964,86 |
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Sum stock |
4.986.964,86 |
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Claims from delivered goods and performed services |
373.573,16 |
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Claims against related firmes Claims against companies
with shareholding relationship |
612.602,14 |
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Other claims and assets |
371.422,67 |
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Sum claims |
1.357.597,97 |
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Latente Steuern |
95.222,10 |
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Cash on hand, cheques and bank deposits |
89.085,39 |
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Sum cash and bank |
89.085,39 |
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Sum current assets |
6.433.648,22 |
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Deferred charges |
5.072,70 |
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Sum deferred charges |
5.072,70 |
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Assets |
11.140.870,85 |
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Subscribed/declared capital |
111.100,00 |
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Not committed capital reserves |
248.900,00 |
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Other reserves |
51.404,70 |
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Balance sheet profit/balance sheet loss |
3.527.468,24 |
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Thereof profit/loss carried forward |
3.918.508,43 |
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Sum equity capital |
3.938.872,94 |
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Investment contributions |
61.304,10 |
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Sum floor capital |
61.304,10 |
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Tax reserves |
362.432,00 |
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Other reserves |
479.314,43 |
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Sum reserves |
841.746,43 |
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Liabilities against credit institutes |
3.513.071,91 |
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Received advanced payments for orders |
146.456,00 |
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Liabilities from delivered goods and performed services |
259.143,51 |
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Liabilities against related firms |
1.220.015,89 |
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Other liabilities |
1.160.260,07 |
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Sum liabilities |
6.298.947,38 |
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Liabilities and shareholders'equity |
11.140.870,85 |
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Balance sheet sum |
11.140.870,85 |
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P / L
Account (absolute) all amounts in EUR
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2016-12-31 |
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Gross profit |
2.671.354,33 |
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Total turnover or gross profit |
2.671.354,33 |
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Special account other operating profits |
77.204,46 |
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Income from dissolution of reserves |
282.698,76 |
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Other operating profits |
85.002,27 |
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Other operating profits totally |
444.905,49 |
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Wages |
-140.494,51 |
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Salaries |
-693.891,56 |
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Other social fringe benefits |
-254.430,30 |
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Personnel expenses totally |
-1.088.816,37 |
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Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business operation |
-691.195,05 |
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Depreciation tangible assets / intangible assets
totally |
-691.195,05 |
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Other operating costs |
-1.494.210,17 |
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Total costs |
-1.494.210,17 |
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Operating result totally |
-157.961,77 |
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Interest income, securties income and similar income |
5.168,55 |
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Interest and similar disbursements |
-168.070,64 |
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Financial profits totally |
-162.902,09 |
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Results from usual business activity totally |
-320.863,86 |
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Taxes on income and profits |
-70.176,33 |
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Taxes on income and profits totally |
-70.176,33 |
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Annual surplus/annual deficit totally |
-391.040,19 |
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Annual profit/annual loss totally |
-391.040,19 |
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Profit and loss carried forward from previous year |
3.918.508,43 |
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Transfer of profits totally |
3.918.508,43 |
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B/S profit/ B/S loss from profit and loss account |
3.527.468,24 |
Key ratios
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2016 |
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Cashflow II |
300.154,86 |
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Debt amortisation period in years |
23,01 |
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Bank indebtedness |
31,53 |
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Equity capital share in % |
36,38 |
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Social capital share |
0,00 |
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Fixed assets coverage in % |
86,83 |
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Return on investment in % |
-1,37 |
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Cashflow I |
370.331,19 |
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Gross profit |
2.671.354,33 |
Land Register
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Last check |
2016-06-01 |
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Entry number |
Cadastral community |
Journal number |
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202 |
Sulz V 92123 |
1139/2011 |
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Section A – type of property: |
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Section B – ownership structure: |
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Section C – encumbrances: |
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Commercial register
Source of data from commercial register: Republic of
Austria represented by the Federal Ministry of Justice
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firm (style) |
13 LCS Cable Cranes GmbH |
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legal form |
1 Gesellschaft mit beschränkter Haftung |
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registered office |
1 politischer Gemeinde Sulz |
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business adress |
1 Industriestraße 8 |
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capital |
21 EUR 300.000,00 |
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reference date annual accounts |
1 31.Dezember |
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annual accounts |
20 zum 31.12.2016 eingereicht am 06.09.2017 |
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power of representation |
1 Werden mehrere Geschäftsführer bestellt, so regelt
der |
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proxy |
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F Gilbert
Domig, geb. 12.01.1974 |
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managing director |
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A Christoph
Ludescher, geb. 20.11.1970 |
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shareholder |
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general table |
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Historical development
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Year of incorporation |
1989 |
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Date of registration |
2004-03-11 |
Change of company name
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from |
to |
company name |
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2004-03-11 |
2014-10-08 |
Ludescher Cablecrane-Systems GmbH |
Change in share capital
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from |
to |
asset |
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|
2004-03-11 |
2014-10-08 |
EUR |
100.000,00 |
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2014-10-08 |
2017-10-26 |
EUR |
111.100,00 |
Former executives
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from |
to |
position |
name |
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2004-03-11 |
2014-12-04 |
partner |
Christoph Ludescher |
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2014-10-08 |
2016-01-20 |
partner |
Gilbert Domig |
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2013-12-03 |
2017-10-26 |
manager |
Kurt Huchler |
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2014-10-08 |
2016-01-20 |
partner |
David Domig |
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2011-06-22 |
2014-10-08 |
joint signing clerk |
Joachim Seyr |
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2004-03-11 |
2014-10-08 |
manager |
Rudolf Josef Knünz |
Former shareholders
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from |
to |
position |
name |
birth date |
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2004-03-11 |
2014-12-04 |
partner |
Christoph Ludescher |
1970-11-20 |
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2014-10-08 |
2016-01-20 |
partner |
Gilbert Domig |
1974-01-12 |
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2014-10-08 |
2016-01-20 |
partner |
David Domig |
1980-01-01 |
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2016-01-20 |
2018-02-22 |
partner |
Knünz GmbH |
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2004-03-11 |
2014-12-04 |
partner |
Knünz GmbH |
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Mergers
|
On |
position |
name |
|
2017-09-21 |
merged with |
GANTNER Seilbahnbau GmbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.22 |
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|
1 |
INR 91.33 |
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Euro |
1 |
INR 79.96 |
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Euro |
1 |
INR 80.23 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.