MIRA INFORM REPORT

 

 

Report Date :

22.01.2007

 

IDENTIFICATION DETAILS

 

Name :

Eltex-Elektrostatik GmbH

 

 

Registered Office :

Blauenstr. 67-69, 79576 Weil am Rhein

 

 

Country :

Germany

 

 

Date of Incorporation :

19.12.1963

 

 

Com. Reg. No.:

HRB 410182

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Precision Mechanical Optical Measuring, Control, Navigation etc. Instruments and Equipment

 

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 250.000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

name & ADDRESS

 

Eltex-Elektrostatik GmbH

Blauenstr. 67-69

79576 Weil am Rhein

Telephone         : 07621/7905-0

Telefax              : 07621/7905-310

Homepage         : www.eltex.de

E-Mail               : info@eltex.de

 

 

VAT no.

 

DE142394869

 

 

Tax ID number

 

11087/28618

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.  Business relations are permissible.

 

 

LEGAL FORM 

 

Private limited company

 

 

Date of foundation

 

1963

 

 

Shareholders' agreement

 

01.01.1963

 

 

Registered on

 

19.12.1963

 

Commercial Register

 

Local court 79098 FREIBURG

 

 

Under

 

HRB 410182

 

 

Share capital

 

EUR            513.000,00

 

 

Shareholder

 

ITW International Holding Inc.

3600 West Lake Avenue

USA - Glenview / Illinois

Legal form: Other legal form

Share:             EUR            513.000,00

 

 

Manager

 

Lukas Hahne

CH - Allschwil

having sole power of representation

Nation.: Swiss

 

 

BUSINESS HISTORY

 

19.12.1963

Eltex-Elektrostatik GmbH

Neudorfer Str. 5

79576 Weil am Rhein

Private limited company

 

 

02.10.2003

Eltex-Elektrostatik GmbH

Blauenstr. 67-69

79576 Weil am Rhein

Private limited company

BUSINESS ACTIVITIES

 

33202

MANUFACTURE OF PRECISION MECHANICAL OPTICAL MEASURING, CONTROL, NAVIGATION ETC. INSTRUMENTS AND EQUIPMENT

 

 

FINANCIAL INFORMATION

 

Payment experience      : cash discount/within agreed terms

Trend of business           : constant

Order position                : satisfactory

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Blauenstr. 67-69

                                    79576 Weil am Rhein

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK, LÖRRACH

Sort. code: 68340058

 

 

FIGURES

 

Financial year:                                     01.01. - 31.12.

Turnover:                       2005     EUR         24.000.000,00

                                    2006     EUR         24.500.000,00

Expected turnover:         2007     EUR         25.000.000,00

Share capital:                            EUR              513.000,00

Value of stocks:                        EUR              560.000,00

Real estate of the firm:               EUR           1.841.000,00

Employees:                    80

Branch number:             33202

 

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/normal.

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

 

 

 

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