MIRA INFORM REPORT

 

 

 

Report Date :

11.12.2008

 

IDENTIFICATION DETAILS

 

Name :

HAROLD'S LEDERWAREN GMBH

 

 

Registered Office :

Lämmerspieler Str. 40-42, 63179 Obertshausen

 

 

Country :

Germany

 

 

Year of Establishment:

1965

 

 

Com. Reg. No.:

HRB 11818

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Processing of Leather (except manufacture of leather apparel)

Wholesale of Leather Goods, Luggage, Giftware and Advertising Articles

 Management of Real Estate on a Fee or Contract Basis

 

 

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 50.000,00.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

name & address

 

Harold's Lederwaren GmbH

Lämmerspieler Str. 40-42

63179 Obertshausen

Telephone: 06104/79061

Telefax:   06104/75049

 

 

CONCLUSION

 

 The maximum credit is EUR 50.000,00.

 Business relations are permissible.

 

 

LEGAL FORM          

 

Private limited company

 

 

Date of foundation

 

1965

 

 

Shareholders' agreement               

 

27.12.2000

 

 

Registered on      

 

08.02.2001

 

 

Commercial Register

 

Local court 63065 OFFENBACH A.MAIN

under:               HRB 11818

 

 

Share capital                       

 

 EUR             75.000,00


Shareholder

 

Günter Schmelz

Pater-Delp-Str. 3

63179 Obertshausen

born 16.03.1936

Share:             EUR             50.000,00

 

Shareholder:

Thilo Schmelz

Birkenwaldstr. 20e

63179 Obertshausen

born 17.08.1967

Share:             EUR             25.000,00

 

 

Manager

 

Günter Schmelz

Pater-Delp-Str. 3

63179 Obertshausen

having sole power of representation

born 16.03.1936

Occupation: Businessman

Marital status: married

spouse      Helga Schmelz

born on 13.08.1939

 

Manager:

Thilo Schmelz

Birkenwaldstr. 20e

63179 Obertshausen

having sole power of representation

born 17.08.1967

 

 

Proxy:

Helga Schmelz

Pater-Delp-Str. 3

63179 Obertshausen

having sole power of representation

born 13.08.1939

Marital status: married


 

Further functions/participations of Günter Schmelz (Manager)

 

General Partner:

Schmelz OHG

Lämmerspieler Str. 40-42

63179 Obertshausen

Legal form: General Partnership

Reg. Data:  28.04.1965

HRA 6726

63065 OFFENBACH A.MAIN

Employees:                                12

 

 

Further functions/participations of Thilo Schmelz (Manager)

 

General Partner:

Schmelz OHG

Lämmerspieler Str. 40-42

63179 Obertshausen

Legal form: General Partnership

Reg. Data:  28.04.1965

HRA 6726

63065 OFFENBACH A.MAIN

Employees:                                12

 

 

 BUSINESS ACTIVITIES

 

 15120

 Processing of leather (except manufacture of leather apparel)

 46493

 Wholesale of leather goods, luggage, giftware and advertising

 articles

 6832

 Management of real estate on a fee or contract basis

 

 

 FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 


 

REAL ESTATE

 

Type of ownership:   Tenant

 Address              Lämmerspieler Str. 40-42

                      63179 Obertshausen

 

 Land register documents were not available.

 

 

BANKERS

 

 SPARKASSE LANGEN-SELIGENSTADT, OBERTSHAUSEN

Sort. code: 50652124

 

 

FIGURES

 

Financial year:      01.01. - 31.12.

 Turnover:            2007               EUR          1.700.000,00

 Share capital:                            EUR             75.000,00

 Employees:                                                      8

 

 Approximate figures are given.

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.48.52

UK Pound

1

Rs.72.62

Euro

1

Rs.63.76

 

 

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