MIRA
INFORM REPORT
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Report Date : |
10.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
BUSCH FASHION GMBH |
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Registered Office : |
Vredener Str. 119 48703 Stadtlohn |
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Country : |
Germany |
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Date of Incorporation : |
03.08.2007 |
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Com. Reg. No.: |
HRB
10841 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of Other Textiles Wholesaler
of Textiles |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR
2.500,00 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
BUSCH Fashion GmbH
Vredener Str. 119
48703 Stadtlohn
Telephone: 02563/904-101
Telefax: 02563/904-100
Homepage: www.bush.de
E-Mail:
info@busch-fashion.com
VAT no.
DE255646918
CONCLUSION
The maximum credit is EUR
2.500,00.
Business relations are
permissible.
LEGAL FORM
Private limited company
Date of foundation
03.08.2007
Shareholders' agree ment
03.08.2007
Registered on
20.08.2007
Commercial Register
Local court 48653 COESFELD
under: HRB
10841
Share capital
EUR 25.000,00
Shareholder
Douceur Brands Germany GmbH
Vredener Str. 119
48703 Stadtlohn
Legal form: Private limited company
Share capital: EUR 25.000,00
Share: EUR 25.000,00
Reg. Data: 27.06.2008
HRB 11310
48653 COESFELD
Employees: 186
Control and profit transfer agreement
Manager
Sanjeev Swamy
IND Mumbai
having sole power of representation
born 22.02.1961
Nation.: Indian
Proxy
Martin van der Linde
46414 Rhede
authorized to jointly represent the company
born 25.07.1964
Occupation: Businessman
Proxy:
Wilfried Wellpott
32312 Lübbecke
authorized to jointly represent the company
born 13.03.1955
Further functions/participations of Sanjeev Swamy (Manager)
Manager:
Douceur Brands Germany GmbH
Vredener Str. 119
48703 Stadtlohn
Legal form: Private limited company
Share capital: EUR 25.000,00
Reg. Data: 27.06.2008
HRB 11310
48653 COESFELD
Manager:
Douceur Retail GmbH
Ravensberger Str. 41
32312 Lübbecke
Legal form: Private limited company
Share capital: EUR 25.000,00
Reg. Data: 23.08.2007
HRB 10591
32545 BAD OEYNHAUSEN
Manager:
HUCKE BERLIN GmbH
Ravensberger Str. 41
32312 Lübbecke
Legal form: Private limited company
Share capital: EUR 25.000,00
Reg. Data: 30.08.2007
HRB 10604
32545 BAD OEYNHAUSEN
Manager:
Whoopi Fashion GmbH
Ravensberger Str. 41
32312 Lübbecke
Legal form: Private limited company
Share capital: EUR 25.000,00
Reg. Data: 31.08.2007
HRB 10608
32545 BAD OEYNHAUSEN
BUSINESS ACTIVITIES
13990
Manufacture of other
textiles n.e.c.
4641
Wholesale of textiles
FINANCIAL INFORMATION
Payment experience: within
periods customary in this trade
REAL ESTATE
Type of ownership: Tenant
Address Vredener Str. 119
48703 Stadtlohn
Land register documents
were not available.
BANKERS
STADTSPARKASSE STADTLOHN,
STADTLOHN
Sort. code: 40154702
VR-BANK WESTMÜNSTERLAND,
STADTLOHN
Sort. code: 42861387
FIGURES
Financial year: 20.08. - 31.12.
Turnover: 2007 EUR
2.800.000,00
Share capital: EUR 25.000,00
Employees:
15
Control and profit transfer agreement with:
Douceur Brands Germany GmbH
48703
Stadtlohn
Approximate figures are given.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.22 |
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UK Pound |
1 |
Rs.73.03 |
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Euro |
1 |
Rs.63.14 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)