MIRA INFORM REPORT

 

 

Report Date :

04.12.2007

 

IDENTIFICATION DETAILS

 

Name :

Kirchner, Fischer & Co. GmbH

 

 

Registered Office :

Daimlerstr. 13, 25337 Elmshorn

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

02.09.1977

 

 

Com. Reg. No.:

HRB 1868 EL

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale Trade in Coffee, Tea, Cocoa and Spices

 

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 :

EUR 50.000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear


name & address

 

Kirchner, Fischer & Co. GmbH

Daimlerstr. 13

25337 Elmshorn

Telephone:        04121/7787-0

Telefax:             04121/787480

Homepage:        www.kirchner-fischer.de

E-Mail:              info@kirchner-fischer.de

 

 

CONCLUSION

 

The maximum credit is EUR 50.000,00.

 

Business relations are permissible.

 

 

LEGAL FORM          

 

Private limited company

 

 

Date of foundation

 

02.09.1977

 

 

Begin of Business activities

 

02.09.1977

 

 

Shareholders' agreement

 

02.09.1977

 

 

Registered on

 

31.05.1999

 

 

Commercial Register

 

Local court 25421 PINNEBERG

 

 

Under

 

HRB 1868 EL

 

 

Share capital

 

EUR          1.000.000,00

 

 

Shareholder

 

Jens von Riegen

20095 Hamburg

born 22.04.1964

Share:             EUR          1.000.000,00

 

 

Manager

 

Hans Walter von Riegen

Osterjork 79 a

21635 Jork

having sole power of representation

born 05.10.1935

Occupation: Businessman

Marital status: married

 

 

Manager

 

Jens von Riegen

20095 Hamburg

having sole power of representation

born 22.04.1964

Occupation: Businessman

 

 

Proxy

 

Dr. Bernd Friedrich

20095 Hamburg

 

 

Proxy

 

Werner Schuchardt

Freegen 8

21037 Hamburg

having sole power of representation

born 02.06.1947

 

 

Further functions/participations of Hans

Walter von Riegen (Manager)

 

Manager:

Contina Food Marketing GmbH

Daimlerstr. 13

25337 Elmshorn

Legal form: Private limited company

Share capital:     EUR            102.258,38

Reg. Data:  08.07.1999

HRB 1875 EL

25421 PINNEBERG

 

Manager:

Hamburger Straße Verwaltungs- und

Bevorratungs-Gesellschaft mbH

Daimlerstr. 15

25337 Elmshorn

Legal form: Private limited company

Share capital:     EUR             51.129,19

Reg. Data:  24.07.1989

HRB 2052

21423 WINSEN/LUHE

 

 

Further functions/participations of Jens

von Riegen (Manager)

 

Manager:

Contina Food Marketing GmbH

Daimlerstr. 13

25337 Elmshorn

Legal form: Private limited company

Share capital:     EUR            102.258,38

Reg. Data:  08.07.1999

HRB 1875 EL

25421 PINNEBERG

 

Manager:

Mount Everest Tea Company GmbH

Daimlerstr. 13

25337 Elmshorn

Legal form: Private limited company

Share capital:     EUR            153.387,56

Reg. Data:  22.04.1999

HRB 1859 EL

25421 PINNEBERG

 

 

Manager:

Hamburger Straße Verwaltungs- und

Bevorratungs-Gesellschaft mbH

Daimlerstr. 15

25337 Elmshorn

Legal form: Private limited company

Share capital:     EUR             51.129,19

Reg. Data:  24.07.1989

HRB 2052

21423 WINSEN/LUHE

 

Manager:

WEFRO Teehandelsgesellschaft mbH

Daimlerstr. 15

25337 Elmshorn

Legal form: Private limited company

dissolved

Share capital:     EUR             51.200,00

Reg. Data:  19.04.1999

HRB 1858 EL

25421 PINNEBERG

 

 

BUSINESS HISTORY

 

Beginning of business activities:02.09.1977

 

02.09.1977        Kirchner, Fischer & Co. GmbH

                        Neuer Wandrahm 1

                        20457 Hamburg

                        Private limited company

 

 

BUSINESS ACTIVITIES

 

51371

WHOLESALE TRADE IN COFFEE, TEA, COCOA AND SPICES

 

 

PARTICIPATION

 

Shareholder:

Mount Everest Tea Company GmbH

Daimlerstr. 13

25337 Elmshorn

Legal form: Private limited company

Share capital:     EUR            153.387,56

Share:     EUR            153.387,56

Reg. Data:  22.04.1999

HRB 1859 EL

25421 PINNEBERG

Turnover:          EUR          3.900.000,00

Employees:    15

Control and profit transfer agreement

 

Shareholder:

Contina Food Marketing GmbH

Daimlerstr. 13

25337 Elmshorn

Legal form: Private limited company

Share capital:     EUR            102.258,38

Share:    EUR            102.258,38

Reg. Data:  08.07.1999

HRB 1875 EL

25421 PINNEBERG

Turnover:          EUR            323.000,00

Employees:     2

Control and profit transfer agreement

 

Shareholder:

WEFRO Teehandelsgesellschaft mbH

Daimlerstr. 15

25337 Elmshorn

Legal form: Private limited company

dissolved

Share capital:     EUR             51.200,00

Share:   EUR             51.200,00

Reg. Data:  19.04.1999

HRB 1858 EL

25421 PINNEBERG

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Daimlerstr. 13

                                    25337 Elmshorn

 

Land register documents were not available.

 

 

BANKERS

 

HSH NORDBANK HAMBURG, HAMBURG

Sort. code: 20050000

 

 

FIGURES

 

Financial year:  01.01. - 31.12.

Turnover:          2006    EUR          5.200.000,00

                        2007    EUR          5.200.000,00

Share capital:                EUR          1.000.000,00

Employees:                   20

 

Approximate figures are given.


 

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

Unfavourable & favourable factors carry similar weight in credit consideration. 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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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