MIRA INFORM REPORT

 

 

Report Date :

05.02.2008

 

IDENTIFICATION DETAILS

 

Name :

WENZEL INDUSTRIE GMBH

 

 

Registered Office :

Edisonstr. 9, 28865 Lilienthal, Post Box:  1323

 

 

Country :

Germany

 

 

Date of Incorporation :

20.03.1979

 

 

Com. Reg. No.:

HRB 120640

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale Trade in Motor Vehicle Parts and Accessories

 

 

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 93.500,00.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

name & address

 

Wenzel Industrie GmbH

Edisonstr. 9

28865 Lilienthal

Post Box:  1323

Telephone: 04298/93680

Telefax:   04298/936888

Homepage:  www.wenzel-industrie.de

E-Mail:    info@wenzel-industrie.de

 

 

VAT no.

 

DE116262334

 

 

Tax ID number

 

 36/201/06039

 

 

solvency rating

 

2,2

 

CONCLUSION

 

The maximum credit is EUR 93.500,00.

Business relations are permissible.

 

 

LEGAL FORM        

 

 Private limited company

 

 

Shareholders' agree-ment:             

 

12.12.1978

 

 

Registered on

 

 20.03.1979

 

 

Commercial Register

 

 Local court 29664 WALSRODE

under:               HRB 120640

 

Share capital

 

 EUR             51.129,19

 

 

Shareholder

 

Wolfgang Heinrich Wenzel

Müllerweg 18

28865 Lilienthal

born 11.11.1942

Share:             EUR             51.129,19

 

 

Manager

 

Wolfgang Heinrich Wenzel

Müllerweg 18

28865 Lilienthal

born 11.11.1942

Occupation: Businessman

Marital status: married

 

 

Further functions/participations of Wolfgang Heinrich Wenzel (Manager)

 

Shareholder:

Marangoni Industrial Tyres GmbH

Immenhacken 5

24558 Henstedt-Ulzburg

Legal form: Private limited company

Share capital:     EUR             26.000,00

Share:             EUR             25.564,59

Reg. Data:  21.06.2007

HRB 9044 KI

24114 KIEL

 

Manager:

Point S Wenzel GmbH

Hilligenwarf 1

28865 Lilienthal

Legal form: Private limited company

Share capital:     EUR             25.564,59

Reg. Data:  17.04.1998

HRB 121006

29664 WALSRODE

 

 

 

President of the Board of Directors:

 

Tennisclub Lilientahl e.V.

Klosterwede 26

28865 Lilienthal

Legal form: Registered association

Reg. Data:  08.05.1963

VR 448

27711 OSTERHOLZ-SCHARMBECK

 

 

BUSINESS HISTORY

 

20.12.1996           REIFEN WENZEL Gesellschaft mit beschränkter

Haftung

Edisonstr. 9

28865 Lilienthal

Private limited company

 

 

BUSINESS ACTIVITIES

 

50302

WHOLESALE TRADE IN MOTOR VEHICLE PARTS AND ACCESSORIES

50303

RETAIL TRADE IN MOTOR VEHICLE PARTS AND ACCESSORIES

 

 

BRANCHES AND FACTORIES

 

Works:

Wenzel Industrie GmbH

Zur Linde 2 OT Münchshof

04749 Ostrau

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address                   Edisonstr. 9

                               28865 Lilienthal

Type of ownership:  proprietor

Share:                  100,00 %

Address                Zur Linde 2

                              04749 Ostrau

 

Private real estate

Name                          Wolfgang Heinrich Wenzel

Type of ownership:   proprietor

Address                    Hilligenwarf 1

                                28865 Lilienthal

 

Land register documents were not available.

 

 

BANKERS

 

KREISSPARKASSE OSTERHOLZ, OSTERHOLZ-SCHARMBECK

Sort. code: 29152300

POSTBANK (GIRO), HAMBURG

Sort. code: 20010020

VOLKSBANK, LILIENTHAL B BREMEN

Sort. code: 29162394

 

 

FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:                       2006               EUR          5.500.000,00

2007               EUR          5.500.000,00

Share capital:                                      EUR               51.129,19

Total number of vehicles:                                                      22

Employees:                                                                        33

- Trainees:                                                                            1

Approximate figures are given.


 

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