MIRA INFORM REPORT

 

 

Report Date :

04.09.2007

 

IDENTIFICATION DETAILS

 

Name :

Julius Lies Gesellschaft mit beschränkter Haftung

 

 

Registered Office :

Olbrichtstr. 16, 69469 Weinheim

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

1970

 

 

Com. Reg. No.:

HRB 430593

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale Trade in Hides, Skins and 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 100.000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

Julius Lies Gesellschaft mit beschränkter Haftung

Olbrichtstr. 16

69469 Weinheim

Telephone:        06201/14021

Telefax:             06201/182404

E-Mail:              lies@lies.hd.uunet.de

 

 

CONCLUSION

 

The maximum credit is EUR 100.000,00.

 

Business relations are permissible.

 

 

LEGAL FORM 

 

Private limited company

 

 

Date of foundation

 

1970

 

 

Shareholders' agreement

 

04.12.1970

 

 

Registered on

 

16.03.1971

 

 

Commercial Register

 

Local court 68159 MANNHEIM

 

 

Under

 

HRB 430593

 

 

Share capital

 

EUR            178.952,16

 

 

Shareholder

 

Roland Lies

Weinbergstr. 89

69469 Weinheim

born 1955

Share:             EUR            134.214,12

 

 

Shareholder

 

Michael Lies

Olbrichtstr. 16

69469 Weinheim

born 19.03.1959

Share:             EUR             44.738,04

 

 

Manager

 

Roland Lies

Weinbergstr. 89

69469 Weinheim

having sole power of representation

born 1955

Occupation: Businessman

Marital status: married

 

 

Further functions/participations of

Roland Lies (Manager)

 

Shareholder:

Lies Leder GmbH

Olbrichtstr. 16

69469 Weinheim

Legal form: Private limited company in liquidation

Share capital:     EUR             51.129,19

Share:                EUR             10.225,84

Reg. Data:  27.03.1997

HRB 432291

68159 MANNHEIM

Employees:    1

 

 

 

BUSINESS ACTIVITIES

 

51240

WHOLESALE TRADE IN HIDES, SKINS AND LEATHER

 

 

FINANCIAL INFORMATION

 

Payment experience:  cash discount/within agreed terms

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Olbrichtstr. 16

                                    69469 Weinheim

 

Private real estate

 

Name                            Roland Lies

Type of ownership:         proprietor

Share:                           100,00 %

Address                        Olbrichtstr. 16

                                    69469 Weinheim

 

Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, WEINHEIM, BERGSTR

Sort. code: 67070010

 

VOLKSBANK WEINHEIM, WEINHEIM, BERGSTR

Sort. code: 67092300

 

DRESDNER BANK, WEINHEIM, BERGSTR

Sort. code: 67080050

 

 

FIGURES

 

Financial year:               01.01. - 31.12.

Turnover:                       2006     EUR          6.300.000,00

Share capital:                            EUR             178.952,16

Value of stocks:                        EUR             180.000,00

Equipment:                                EUR               30.000,00

Employees:                   5

Branch number:             51240

 

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