MIRA INFORM REPORT

 

 

 

Report Date :

18.08.2008

 

IDENTIFICATION DETAILS

 

Name :

BERG & SCHMIDT (GMBH & CO.) KG

 

 

Registered Office :

An der Alster 81 20099 Hamburg

 

 

Country :

Germany

 

 

Date of Incorporation :

01.10.1935

 

 

Com. Reg. No.:

HRA 60475

 

 

Legal Form :

Limited Partnership with Private Limited Company as General Partner

 

 

Line of Business :

Manufacture of Oils and Fats (except margarine or similar edible fats)

 

 

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 250.000,00.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

name & address

 

Berg & Schmidt (GmbH & Co.) KG

An der Alster 81

20099 Hamburg

Telephone: 040/284039-0

Telefax:   040/284039-33

Homepage:  www.berg-schmidt.de

E-Mail:    info@berg-schmidt.de

 

 

VAT no.         

 

 DE118826364

 

 

SOLVENCY RATING  

 

 1,9

 

 

CONCLUSION

 

 The maximum credit is EUR 250.000,00.

 Business relations are permissible.

 

 

 LEGAL FORM         

 

 Ltd partnership with priv. ltd. Company as General partner

 

 

Date of foundation

 

01.10.1935

 

 

Registered on      

 

05.01.1966

 


 

Register of  companies

 

Local court 20355 HAMBURG 36

under:               HRA 60475

 

 

Total cap. contribution             

 

EUR          1.500.000,00

 

 

General Partner

 

Verwaltungsgesellschaft Arnold Berg mit

beschränkter Haftung

An der Alster 81

20099 Hamburg

Legal form: Private limited company

Share capital:     EUR             26.000,00

Reg. Data:  14.11.1978

HRB 23039

20355 HAMBURG 36

 

 

Shareholder

 

Stern-Wywiol Gruppe Holding GmbH & Co. KG

An der Alster 81

20099 Hamburg

Legal form: Ltd partnership with priv. ltd.

Company as General partner

Total cap. contribution: EUR    6.000.000,00

Share:             EUR             26.000,00

Reg. Data:  12.11.2002

HRA 97611

20355 HAMBURG 36

Employees:                                16

 

 

Manager

 

Volkmar Alfred Dietrich Wywiol

Börnsener Weg 58

21521 Wohltorf

born 09.11.1935

Occupation: Businessman

Marital status: married

Children:       3

 

Manager:

Andreas Karl Reith

Hainholzweg 143g

21077 Hamburg

having sole power of representation

born 19.07.1963

Marital status: married

Children:       2

 

 

Limited Partner

 

Stern-Wywiol Gruppe Holding GmbH & Co. KG

An der Alster 81

20099 Hamburg

Legal form: Ltd partnership with priv. ltd.

Company as General partner

Total cap. contribution: EUR    6.000.000,00

Share:             EUR          1.500.000,00

Reg. Data:  12.11.2002

HRA 97611

20355 HAMBURG 36

Employees:                                16

 

 

Proxy

 

Andreas Karl Reith

Hainholzweg 143g

21077 Hamburg

born 19.07.1963

Marital status: married

 

Proxy:

Dirk Westphal

Begonienweg 12

22047 Hamburg

born 14.05.1967


 

 

Further functions/participations of Verwaltungsgesellschaft Arnold Berg mit beschränkter Haftung (General Partner)

 

 General Partner:

Sternchemie GmbH & Co. KG

An der Alster 81

20099 Hamburg

Legal form: Ltd partnership with priv. ltd.

Company as General partner

Total cap. contribution: EUR       50.000,00

Reg. Data:  06.01.2003

HRA 97995

20355 HAMBURG 36

Turnover:          EUR          8.300.000,00

 

 

 

BUSINESS HISTORY

 

 29.11.1935           Berg & Schmidt (GmbH & Co.)

                      23552 Lübeck

                      Ltd partnership with priv. ltd. Company as

                      General partner

 05.01.1966           Berg & Schmidt (GmbH & Co.)

                      An der Alster 81

                      20099 Hamburg

                      Ltd partnership with priv. ltd. Company as

                      General partner

 

 

 BUSINESS ACTIVITIES

 

 10410

 Manufacture of oils and fats (except margarine or similar edible fats)

 10420

 Manufacture of margarine and similar edible fats

 


FINANCIAL INFORMATION

 

Solvency rating:      1,9

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:   Tenant

 Address              An der Alster 81

                      20099 Hamburg

 

 Private real estate

 Name                 Verwaltungsgesellschaft Arnold Berg mit

                      beschränkter Haftung

 Type of ownership:   Tenant

 Address              An der Alster 81

                      20099 Hamburg

 

 Land register documents were not available.

 

 

BANKERS

 

 DEUTSCHE BANK, HAMBURG

 Sort. code: 20070000

 COMMERZBANK, HAMBURG

 Sort. code: 20040000

 BANKHAUS LAMPE, HAMBURG

 Sort. code: 48020151

 HSH NORDBANK HAMBURG, HAMBURG

 Sort. code: 20050000

 BHF-BANK, HAMBURG

 Sort. code: 20120200

 WARBURG, M.M.- BANK, HAMBURG

 Sort. code: 20120100

 

 

FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:                      2006                 EUR         85.000.000,00

 Total cap. contribution:                          EUR          1.500.000,00

 Value of stocks:                                                EUR          9.000.000,00

 Equipment:                                           EUR            110.000,00

 Ac/ts receivable:                                               EUR          8.000.000,00

 Liabilities:                                             EUR          4.800.000,00

 Total number of vehicles:                                               5

 - Cars (leased):                                                             5

 Employees:                                                                              35

Approximate figures are given.

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.43.23

UK Pound

1

Rs.80.89

Euro

1

Rs.63.80

 

 

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