MIRA INFORM REPORT

 

 

 

Report Date :

09.12.2008

 

IDENTIFICATION DETAILS

 

Name :

JOYFILL GMBH

 

 

Registered Office :

Gribheimer Weg 21 79423 Heitersheim

 

 

Country :

Germany

 

 

Date of Incorporation :

03.07.2002

 

 

Com. Reg. No.:

HRB 310903

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesaler of Textiles

 

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 32.500,00.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

name & address

 

Joyfill GmbH

Grißheimer Weg 21

79423 Heitersheim

Telephone: 07634/521-0

Telefax:   07634/521-299

Homepage:  www.joyfill.de

E-Mail:    info@joyfill.de

 

 

VAT no.         

 

DE223042440

 

 

Tax ID number     

 

07200/16371

 

 

CONCLUSION

 

The maximum credit is EUR 32.500,00.

 Business relations are permissible.

 

 

LEGAL FORM          

 

Private limited company

 

 

Date of foundation

 

03.07.2002

 

 

Shareholders' agreement               

 

03.07.2002

 

 

Registered on      

 

20.08.2002


 

Commercial Register

 

Local court 79098 FREIBURG

under:               HRB 310903

 

 

Share capital

 

EUR             27.000,00

 

 

Shareholder

 

Anil Kumar Gupta

Am Häßler 39

79400 Kandern

born 19.11.1962

Share:             EUR             27.000,00

 

 

Manager

 

Anil Kumar Gupta

Am Häßler 39

79400 Kandern

born 19.11.1962

Nation.: Indian

 

 

Further functions/participations of Anil Kumar Gupta (Manager)

 

Shareholder:

Mega Infotec- und Vertriebs- GmbH

79400 Kandern

Legal form: Private limited company

Share capital:     EUR             25.000,00

Share:             EUR             18.750,00

Reg. Data:  20.07.2004

HRB 413548

79098 FREIBURG

 

Manager:

THOMSEN GmbH

Kreuzmattenstr. 8

79423 Heitersheim

Legal form: Private limited company

insolvent

Share capital:     EUR             25.000,00

Reg. Data:  18.03.2008

HRB 702187

79098 FREIBURG

 

Manager:

Mega Infotec- und Vertriebs- GmbH

79400 Kandern

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  20.07.2004

HRB 413548

79098 FREIBURG

 

 

BUSINESS HISTORY

 

 20.08.2002           Joyfill GmbH

                      Blochmattenstr. 4

                      79423 Heitersheim

                      Private limited company

 02.07.2003           Joyfill GmbH

                      Kreuzmattenstr. 8

                      79423 Heitersheim

                      Private limited company

 01.11.2005           Joyfill GmbH

                      Grißheimer Weg 21

                      79423 Heitersheim

                      Private limited company

 

 

BUSINESS ACTIVITIES

 

 46410

 Wholesale of textiles

 

 

FINANCIAL INFORMATION

 

Payment experience:  within periods customary in this trade

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Grißheimer Weg 21

                              79423 Heitersheim

 

 Land register documents were not available.

 

 

BANKERS

 

 SPARKASSE STAUFEN-BREISACH, HEITERSHEIM

 Sort. code: 68052328

 VOLKSBANK STAUFEN, STAUFEN IM BREISGAU

 Sort. code: 68092300, Account No: 1967800

 

 

FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:                      2006                 EUR          2.500.000,00

                                    2007                 EUR          2.500.000,00

 Expected turnover:        2008                 EUR          2.500.000,00

 Share capital:                                       EUR             27.000,00

 Equipment:                                           EUR             60.000,00

 Ac/ts receivable:                                               EUR            208.000,00

 Liabilities:                                             EUR            156.250,00

 Total number of vehicles:                                               2

 - Cars (owned):                                                                         2

 Employees:                                                                  10

 - Part-time employees:                                                   3

 

 Approximate figures are given.

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.22

UK Pound

1

Rs.73.03

Euro

1

Rs.63.14

 

 

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