MIRA INFORM REPORT

 

 

Report Date :

20.03.2007

 

IDENTIFICATION DETAILS

 

Name :

Korsch Aktiengesellschaft

 

 

Registered Office :

Breitenbachstr. 1, 13509 Berlin, 270434

 

 

Country :

Germany

 

 

Date of Incorporation :

02.07.1998

 

 

Com. Reg. No.:

HRB 68159

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Manufacture of machines for other economic sectors.

Wholesale of other machines (excl. agricultural machines)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

EUR 250.000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 


name & address

 

Korsch Aktiengesellschaft

Breitenbachstr. 1

13509 Berlin

Post Box           : 270434

Telephone         : 030-43576-0

Telefax              : 030-43576-350

Homepage         : www.korsch.de

E-Mail               : berlin@korsch.de

 

 

VAT no.

 

DE159338554

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

 

Business relations are permissible.

 

 

LEGAL FORM

 

Public limited company

 

 

Date of foundation

 

02.07.1998

 

 

Registered on

 

22.09.1998

 

 

Commercial Register

 

Local court 14057 BERLIN-CHARLOTTENBURG

 

 

Under

 

HRB 68159

 

 

Share capital

 

EUR          1.549.214,40

 

 

Shareholder

 

Eckard Strohscheer

Pfadfinderweg 29

13465 Berlin

born 19.07.1933

Share:                               11,90 %

 

 

Shareholder

 

Bettina Strohscheer-Mies

Mühlenfeldstr. 90

13467 Berlin

born: Strohscheer

born 13.05.1966

Share:                               19,60 %

 

 

Shareholder

 

Anke Strohscheer

Pfadfinderweg 29

13465 Berlin

born 09.02.1966

Share:                               19,60 %

 

 

Shareholder

 

Stephan Mies

Mühlenfeldstr. 90

13467 Berlin

born 13.10.1961

Share:                               19,60 %

 

 

Shareholder

 

Christiane Strohscheer

Pfadfinderweg 29

13465 Berlin

Share:                               19,60 %

 

 

Shareholder

 

Frederic J. Murray

13509 Berlin

Share:                                3,10 %

 

 

Shareholder

 

Georg Andreas Bössenrodt

13509 Berlin

Share:                                3,30 %

 

 

Shareholder

 

Walter Hegel

13509 Berlin

Share:                                3,30 %

 

 

President of the Board of Directors

 

Stephan Mies

Mühlenfeldstr. 90

13467 Berlin

having sole power of representation

born 13.10.1961

Occupation: Fully qualified engineer

Marital status: married

 

 

President of the Supervisory Board

 

Eckard Strohscheer

Pfadfinderweg 29

13465 Berlin

born 19.07.1933

Marital status: married

 

 

Member of the Supervisory Board

 

Bettina Strohscheer-Mies

Mühlenfeldstr. 90

13467 Berlin

born: Strohscheer

born 13.05.1966

Occupation: Businessman

Marital status: married

 

 

Member of the Supervisory Board

 

Anke Strohscheer

Pfadfinderweg 29

13465 Berlin

born 09.02.1966

Occupation: Fully qualified engineer

Marital status: married

 

 

BUSINESS HISTORY

 

29.07.1993

Korsch Pressen GmbH

Breitenbachstr. 1

13509 Berlin

Private limited company

 

22.09.1998

Korsch Pressen Aktiengesellschaft

Breitenbachstr. 1

13509 Berlin

Public limited company

 

 

BUSINESS ACTIVITIES

 

29564

Manufacture of machines for other economic sectors n.e.c.

 

29240

MANUFACTURE OF MACHINES FOR NON-SPECIFIED USE N.E.C.

 

51872

Wholesale of other machines (excl. agricultural machines)

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Breitenbachstr. 1

                                    13509 Berlin

 

Land register documents were not available.

 

 

BANKERS

 

HSH NORDBANK HAMBURG, KIEL, KIEL

Sort. code: 21050000

COMMERZBANK BERLIN (WEST), BERLIN

Sort. code: 10040000

BAYER HYPO- UND VEREINSBANK, BERLIN

Sort. code: 10020890

 

 

FIGURES

 

Financial year:               01.01. - 31.12.

Turnover:                       2005                 EUR         26.000.000,00

                                    2006                 EUR         26.000.000,00

Share capital:                                        EUR          1.549.214,40

Employees:                    173

Branch number:             29564 / 29240 / 51872

 

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