MIRA INFORM REPORT

 

 

Report Date :

28.03.2007

 

IDENTIFICATION DETAILS

 

Name :

Unmüssig Timber GmbH

 

 

Registered Office :

Bertoldstr. 44, 79098 Freiburg, Post Box 1665

 

 

Country :

Germany

 

 

Date of Incorporation :

1975

 

 

Com. Reg. No.:

HRB 1219

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale trade in Other Wooden Semi-Finished Goods and Building Components

 

 

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 :

Usually correct

 

 

Litigation :

Clear

 


name & address

 

Unmüssig Timber GmbH

Bertoldstr. 44

79098 Freiburg

Post Box:  1665

Telephone         : 0761/2965-100

Telefax              : 0761/2965-199

Homepage         : www.unmuessig-timber.de

E-Mail               : Info@unmuessig-timber.de

 

 

VAT no.

 

DE142111185

 

 

Tax ID number

 

06463/40492

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

 

Business relations are permissible.

 

 

LEGAL FORM

 

Private limited company

 

 

Date of foundation

 

1975

 

 

Shareholders' agreement

 

28.04.1975

 

 

Registered on

 

27.06.1975

 

 

Commercial Register

 

Local court 79098 FREIBURG

 

 

Under

 

HRB 1219

 

 

Share capital

 

EUR          1.023.000,00

 

 

Shareholder

 

Othmar Unmüßig

Urachstr. 35

79102 Freiburg

born 06.10.1946

Share:             EUR            532.000,00

 

 

Shareholder

 

Michael Mildenberger

79189 Bad Krozingen

Share:             EUR            368.000,00

 

 

Shareholder

 

Joaquin J. Almagro Abenza

Auf der Haid 3

79114 Freiburg

Share:             EUR            123.000,00

 

 

Manager

 

Othmar Unmüßig

Urachstr. 35

79102 Freiburg

having sole power of representation

born 06.10.1946

Occupation: Fully qualified woodworker

Marital status: married

spouse      Karin Unmüßig

 

 

Manager

 

Michael Mildenberger

79189 Bad Krozingen

having sole power of representation

Occupation: Businessman

Marital status: married

 

 

Manager

 

Joaquin J. Almagro Abenza

Auf der Haid 3

79114 Freiburg

Marital status: married

 

 

Proxy

 

Jan Schlotthaus

79100 Freiburg

having sole power of representation

born 14.05.1967

Occupation: Authorized signatary

Marital status: single

 

 

BUSINESS HISTORY

 

27.06.1975

O. Unmüßig Timber Export GmbH

Bertoldstr. 14

79098 Freiburg

Private limited company

 

26.09.1999

Unmüssig Timber GmbH

Bertoldstr. 44

79098 Freiburg

Private limited company

 

 

BUSINESS ACTIVITIES

 

51533

WHOLESALE TRADE IN OTHER WOODEN SEMI-FINISHED GOODS AND BUILDING COMPONENTS

 

63401

FREIGHT FORWARDING

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

Trend of business:          constant

Order position:               satisfactory

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Bertoldstr. 44

                                    79098 Freiburg

 

Land register documents were not available.

 

 

BANKERS

 

BADEN-WÜRTTEMBERGISCHE BANK, FREIBURG IM BREISGAU

Sort. code: 68020020, Account No: 4407388000

 

SPARKASSE FREIBURG-NÖRDLICHER BREISGAU, FREIBURG IM BREISGAU

Sort. code: 68050101, Account No: 2055060

 

COMMERZBANK, FREIBURG IM BREISGAU

Sort. code: 68040007, Account No: 1638345

 

VOLKSBANK FREIBURG, FREIBURG IM BREISGAU

Sort. code: 68090000, Account No: 12626002

 

 

FIGURES

 

Financial year:                           01.05. - 30.04.

Turnover:                                   2004/2005         EUR         21.814.000,00

                                                2005/2006         EUR         21.814.000,00

Expected turnover:                     2006/2007         EUR         22.000.000,00

Share capital:                                                    EUR           1.023.000,00

Value of stocks:                                                 EUR           8.019.658,00

Equipment:                                                        EUR              176.284,00

Ac/ts receivable:                                                EUR           6.593.000,00

Liabilities:                                                          EUR           1.816.000,00

Real estate of the firm:                                       EUR              806.803,00

Total number of vehicles:           10

- Special-purpose vehicles:        10

Employees:                                           20

Branch number:                         51533 / 63401

 

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