MIRA INFORM REPORT

 

 

Report Date :

07.02.2008

 

IDENTIFICATION DETAILS

 

Name :

ECO EHRLICHSTER GMBH & CO. KG

 

 

Registered Office :

Affinger Str. 7 86167 Augsburg

 

 

Country :

Germany

 

 

Date of Incorporation :

01.07.1948

 

 

Com. Reg. No.:

HRA 9685

 

 

Legal Form :

Limited Partnership with Private limited Company as General Partner

 

 

Line of Business :

Manufacture of other Made Up 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 250.000,00.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

ECO Ehrlichster GmbH & Co. KG

Affinger Str. 7

86167 Augsburg

Telephone: 0821/740070

Telefax:   0821/706806

Homepage:  www.eco-ehrlichster.de

E-Mail:    i.stecher@eco-ehrlichster.de

 

 

SOLVENCY RATING

 

1,8

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

Business relations are permissible.

 

 

LEGAL FORM

 

Ltd partnership with priv. ltd. Company as General partner

 

 

Date of foundation

 

 01.07.1948

 

 

Registered on

 

06.08.1948

 

 

Register of  companies

 

Local court 86150 AUGSBURG

under:               HRA 9685

 

 

Total cap. Contribution

 

EUR            500.000,00

 

 

General Partner

 

Schneider + S. Beteiligungs GmbH

Affinger Str. 7

86167 Augsburg

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  14.10.1999

HRB 17399

86150 AUGSBURG

 

 

Shareholder

 

Viscotex AG c/o Experta Bill

Via G. Guisan 6

CH - Lugano

Legal form: Public limited company

Share:             EUR             18.750,00

 

 

Shareholder:

Mario Schneider

Marienburger Weg 23

86420 Diedorf

born 18.09.1961

Share:             EUR              6.250,00

 

 

Manager

 

Hans Kuttenkeuler

Mühlenweg 39a

51145 Köln

having sole power of representation

born 24.06.1950

 

 

Manager:

Mario Schneider

Marienburger Weg 23

86420 Diedorf

having sole power of representation

born 18.09.1961

Occupation: Businessman

 

 

Limited Partner

 

Viscotex AG

CH - Zug

Legal form: Public limited company

Share:             EUR            375.000,00

 

Limited Partner:

Mario Schneider

Marienburger Weg 23

86420 Diedorf

born 18.09.1961

Share:             EUR            125.000,00

 

 

BUSINESS HISTORY

 

01.07.1948           Ehrlichster & Co. K.G.

Alter Postweg 97

86159 Augsburg

Limited partnership

1968                 Ehrlichster & Co. K.G.

Affinger Str. 7

86167 Augsburg

Limited partnership

31.01.2000           ECO Ehrlichster Gmbh & Co. KG

Affinger Str. 7

86167 Augsburg

Ltd partnership with priv. ltd. Company as

General partner

 

 

BUSINESS ACTIVITIES

 

17404

MANUFACTURE OF OTHER MADE UP TEXTILES NEC

17710

MANUFACTURE OF HOSIERY PRODUCTS

 

 

FINANCIAL INFORMATION

 

Solvency rating:      1,8

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Affinger Str. 7

86167 Augsburg

 

Private real estate

Name                            Schneider + S. Beteiligungs GmbH

Type of ownership:         Tenant

Address                        Affinger Str. 7

86167 Augsburg

 

Land register documents were not available.

 

 

BANKERS

 

BAYER HYPO- UND VEREINSBANK, AUGSBURG, BAY

Sort. code: 72020070

COMMERZBANK, AUGSBURG, BAY

Sort. code: 72040046

 

 

FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:                       2006                 EUR         32.000.000,00

2007                 EUR         32.550.000,00

Total cap. contribution:                           EUR              500.000,00

Value of stocks:                                     EUR          3.600.000,00

Ac/ts receivable:                                    EUR          2.000.000,00

Liabilities:                                              EUR          1.300.000,00

Employees:                                                                           70

 

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