MIRA INFORM REPORT

 

 

 

Report Date :

16.12.2008

 

IDENTIFICATION DETAILS

 

Name :

PULSIVA GMBH

 

 

Registered Office :

Südwestpark 44, 90449 Nürnberg

 

 

Country :

Germany

 

 

Date of Incorporation :

01.08.2007

 

 

Com. Reg. No.:

HRB 24011

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Other Furniture

 

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 25.000,00.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address                   

 

Pulsiva GmbH

Südwestpark 44

90449 Nürnberg

Telephone: 08272/8073-01

Telefax:   08272/8073-20

Homepage:  www.pulsiva.de

 

 

VAT no            

 

DE257898753

 

 

CONCLUSION

 

The maximum credit is EUR 25.000,00.

Business relations are permissible.

 

 

LEGAL FORM                     

 

Private limited company

 

Date of foundation:                                 01.08.2007

Shareholders' agree-ment:                      01.08.2007

Registered on:                                       22.01.2008

Commercial Register:                             Local court 90402 NÜRNBERG

under:                                                               HRB 24011

 

Share capital:                          EUR             25.000,00

 

 

Shareholder

 

E. M. Group Holding AG

Hettlinger Str. 9

86637 Wertingen

Legal form: Public limited company

Share capital:     EUR             65.000,00

Share:             EUR             25.000,00

Reg. Data:  10.10.2007

HRB 22932

86150 AUGSBURG

Control and profit transfer agreement

 

Manager

 

Reinhard Eduard Badke

86647 Buttenwiesen

having sole power of representation

born 14.08.1967

 

 

Further functions/participations of Reinhard Eduard Badke

(Manager)

 

Member of the Board of Directors:

Pulsiva AG

Hettlinger Str. 9

86637 Wertingen

Legal form: Public limited company

dissolved

Share capital:     EUR             50.000,00

Reg. Data:  13.12.2006

                     HRB 22270

                    86150 AUGSBURG

 

Member of the Board of Directors:

E. M. Group Holding AG

Hettlinger Str. 9

86637 Wertingen

Legal form: Public limited company

Share capital:     EUR             65.000,00

Reg. Data:  10.10.2007

                   HRB 22932

                   86150 AUGSBURG

 

 

BUSINESS HISTORY

 

20.08.2007     Marmor 212. V V GmbH

                      Theresienstr. 6-8

                      80333 München

                      Private limited company

 

29.01.2008   Pulsiva GmbH

                      Arnoldstr. 4

                      90480 Nürnberg

                      Private limited company

 

 

BUSINESS ACTIVITIES

 

3109

Manufacture of other furniture

 

46470

Wholesale of furniture, carpets and rugs and lighting

 

 

FINANCIAL INFORMATION

 

Payment experience:  within periods customary in this trade

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Südwestpark 44

                                    90449 Nürnberg

 

Land register documents were not available.

 

 

BANKERS

 

BAYER HYPO- UND VEREINSBANK, NÜRNBERG, MITTELFR

Sort. code: 76020070, Account No: 648946074

 

 

FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2007               EUR            570.000,00

 Share capital:                          EUR             25.000,00

 Employees:                                                     10

Control and profit transfer agreement with:

                      E. M. Group Holding AG

                      86637 Wertingen

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.47.33

UK Pound

1

Rs.73.92

Euro

1

Rs.66.69

 

 

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