MIRA INFORM REPORT

 

 

Report Date :

29.06.2007

 

IDENTIFICATION DETAILS

 

Name :

Schill & Seilacher Aktiengesellschaft

 

 

Registered Office :

Schönaicher Str. 205, 71032 Böblingen

 

 

Country :

Germany

 

 

Date of Incorporation :

1877

 

 

Com. Reg. No.:

HRB 245060

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Finishing of Textiles

Tanning and Dressing of Leather

 

 

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 200.000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 


name & address

 

Schill & Seilacher Aktiengesellschaft

Schönaicher Str. 205

71032 Böblingen

Telephone:        07031/2820

Telefax:             07031/282160

Homepage:        www.schillseilacher.de

E-Mail:              mail@schillseilacher.de

 

 

VAT no.

 

DE813087269

 

 

CONCLUSION

 

The maximum credit is EUR 200.000,00.

 

Business relations are permissible.

 

 

LEGAL FORM 

 

Public limited company

 

 

Date of foundation

 

1877

 

 

Registered on

 

11.12.2000

 

 

Commercial Register

 

Local court 70190 STUTTGART 1

 

 

Under

 

HRB 245060

 

 

Share capital

 

EUR          1.009.290,00

 

 

Member of the Board of Directors

 

Dr.rer.nat. Horst Rieckert

Eduard-Conz-Str. 12

75365 Calw

born 15.07.1933

Occupation: Fully qualified chemist

Marital status: married

 

 

President of the Supervisory Board

 

Ingeborg Groß

Kornbergstr. 12

70176 Stuttgart

 

 

Further functions/participations of

Horst Rieckert (Member of the Board of

Directors)

 

Manager:

Schill & Seilacher Verwaltung Gesellschaft

mit beschränkter Haftung

Moorfleeter Str. 28

22113 Hamburg

Legal form: Private limited company

Share capital:     EUR             51.129,19

Reg. Data:  02.11.1959

HRB 8957

20355 HAMBURG 36

 

Manager:

Saxol Chemie GmbH

Arnsburger Str. 5

60385 Frankfurt

Legal form: Private limited company dormant

Share capital:     EUR             51.129,19

Reg. Data:  17.06.2004

HRB 73049

60313 FRANKFURT

 

Manager:

Schill & Seilacher Chemie GmbH

Alt-Neundorf 13

01796 Pirna

Legal form: Private limited company

Share capital:     EUR            100.000,00

Reg. Data:  22.10.2003

HRB 22122

01099 DRESDEN

 

Member of the Board of Directors:

Schill + Seilacher "Struktol"

Aktiengesellschaft

Moorfleeter Str. 28

Post Box: 74 07 60

22113 Hamburg

Legal form: Public limited company

Share capital:     EUR          1.082.962,22

Reg. Data:  20.11.2000

HRB 77801

20355 HAMBURG 36

 

 

BUSINESS HISTORY

 

24.02.1882

Schill & Seilacher GmbH & Co.

Schönaicher Str. 205

71032 Böblingen

Ltd partnership with priv. ltd. Company as General partner

 

 

BUSINESS ACTIVITIES

 

17300

FINISHING OF TEXTILES

 

19100

TANNING AND DRESSING OF LEATHER

 

 

PARTICIPATION

 

Shareholder:

Schill & Seilacher Chemie GmbH

Alt-Neundorf 13

01796 Pirna

Legal form: Private limited company

Share capital:     EUR            100.000,00

Share:                EUR              50.000,00

Reg. Data:  22.10.2003

HRB 22122

01099 DRESDEN

Turnover:          EUR          2.600.000,00

Employees:                                54

 

 

FINANCIAL INFORMATION

 

Payment experience:  cash discount/within agreed terms

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Schönaicher Str. 205

                                    71032 Böblingen

 

Private real estate

 

Name                            Horst Rieckert

Type of ownership:         proprietor

Share:                           100,00 %

Address                        Eduard-Conz-Str. 12

                                    75365 Calw

Value at selling price:    EUR            306.700,00

 

Land register documents were not available.

 

 

BANKERS

 

KREISSPARKASSE BÖBLINGEN, BÖBLINGEN

Sort. code: 60350130

 

DRESDNER BANK, BÖBLINGEN

Sort. code: 60380002

 

DEUTSCHE BANK, STUTTGART

Sort. code: 60070070

 

 

FIGURES

 

Financial year:               01.01. - 31.12.

Turnover:                       2005     EUR        115.169.000,00

Profit:                            2005     EUR               742.000,00

Share capital:                            EUR            1.009.290,00

Value of stocks:                        EUR            4.485.000,00

Equipment:                                EUR            1.655.000,00

Ac/ts receivable:                       EUR          17.001.000,00

Liabilities:                                  EUR            5.221.000,00

Employees:                   281

- Salaried employees:    171

- Workers:                                 110

Branch number:             17300 / 19100

 

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

 

 

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