MIRA INFORM REPORT

 

 

Report Date :

01.07.2008

 

IDENTIFICATION DETAILS

 

Name :

PAUL VAHLE GMBH & CO.KG

 

 

Registered Office :

Westicker Str. 52, 59174 Kamen, Post Box:  1720

 

 

Country :

Germany

 

 

Date of Incorporation :

1912

 

 

Com. Reg. No.:

HRA 2586

 

 

Legal Form :

Limited Partnership with Private Limited Company as General Partner

 

 

Line of Business :

Manufacture of Electric Installation Supplies

 

 

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

 

Paul Vahle GmbH & Co.KG

Westicker Str. 52

59174 Kamen

Post Box:  1720

Telephone: 02307/7040

Telefax:   02307/704444

Homepage:  www.vahle.de

E-Mail:    info@vahle.de

 

 

VAT no.           

 

DE125231785

 

 

SOLVENCY RATING

 

1,7

 

 

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

 

1912

 

 

Begin of Business activities

 

1960

 

Registered on      

 

01.03.1960

 

Register of companies

     

Local court 59065 HAMM

under:               HRA 2586

 

 

Total cap. contribution               

 

EUR          5.400.000,00

 

 

General Partner

 

Paul Vahle Verwaltungs GmbH

Westicker Str. 52

59174 Kamen

Legal form: Private limited company

Share capital:     EUR             54.000,00

Reg. Data:  01.02.1967

HRB 4495

59065 HAMM

 

 

Shareholder

 

Werner Vahle

Westicker Str. 52

59174 Kamen

Share:             EUR             18.000,00

 

Shareholder:

Annette Vahle

Westicker Str. 52

59174 Kamen

Share:             EUR             18.000,00

 

Shareholder:

Krista Hitzbleck

An den Linden 3

40667 Meerbusch

born: Vahle

Share:             EUR              9.000,00

 

Shareholder:

Katrin Hitzbleck

Möhlenwall 1

47906 Kempen

born 18.01.1970

Share:             EUR              4.500,00

 

Shareholder:

Marcus Hitzbleck

Erlenweg 14b

40667 Meerbusch

born 01.10.1974

Share:             EUR              4.500,00

 

 

Manager

 

Michael Pavlidis

51643 Gummersbach

born 14.02.1964

Occupation: graduate engineer

 

Manager:

dipl. Kaufmann Dirk Korn

59423 Unna

born 03.10.1968

 

Proxy

 

Reinhard Ober-Westendorf

59510 Lippetal

authorized to jointly represent the company

 

Proxy:

Thomas Wilkes

58239 Schwerte

authorized to jointly represent the company

 

Proxy:

Andre Adolph

59423 Unna

authorized to jointly represent the company

born 18.05.1970

 Limited Partner:

Werner Vahle

Westicker Str. 52

59174 Kamen

Share:             EUR          1.530.000,00

 

 

Limited Partner

 

Annette Vahle

Westicker Str. 52

59174 Kamen

Share:             EUR          1.530.000,00

 

Limited Partner:

Krista Hitzbleck

An den Linden 3

40667 Meerbusch

born: Vahle

Share:             EUR            765.000,00

 

Limited Partner:

Josef Hötte

Kämerstr. 30

59174 Kamen

born 09.03.1944

Share:             EUR            540.000,00

 

Limited Partner:

Katrin Hitzbleck

Möhlenwall 1

47906 Kempen

born 18.01.1970

Share:             EUR            382.500,00

 

Limited Partner:

Marcus Hitzbleck

Erlenweg 14b

40667 Meerbusch

born 01.10.1974

Share:             EUR            382.500,00

 

Limited Partner:

Paul Vahle Verwaltungs GmbH

Westicker Str. 52

59174 Kamen

Legal form: Private limited company

Share capital:     EUR             54.000,00

Share:             EUR            270.000,00

Reg. Data:  01.02.1967

HRB 4495

59065 HAMM

 

 

 BUSINESS HISTORY

 

 Beginning of business activities:1960

 1912                 Paul Vahle

                      44135 Dortmund

                      Unregistered commercial enterprise

 1921                 Paul Vahle GmbH & Co KG

                      41352 Korschenbroich

                      Ltd partnership with priv. ltd. Company as

                      General partner

 1960                 Paul Vahle GmbH & Co. KG

                      Westicker Str. 52

                      59174 Kamen

                      Ltd partnership with priv. ltd. Company as

                      General partner

 

 

 

 

 

 

 

 

BUSINESS ACTIVITIES

 

 27330

 Manufacture of electric installation supplies

 

 

BRANCHES AND FACTORIES

 

Branch:

                      Paul Vahle GmbH & Co.KG

                      Unterer Graffweg 30

                      44309 Dortmund

 Branch:

                      Paul Vahle GmbH & Co.KG

                      Gottlieb-Daimler-Str. 10

                      73257 Köngen

 

 

 FINANCIAL INFORMATION

 

Solvency rating:      1,7

 Payment experience:  within agreed terms

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Westicker Str. 52

                            59174 Kamen

 

 Type of ownership:   Tenant

 Address              Unterer Graffweg 30

                              44309 Dortmund

 

 Private real estate

 Name                 Paul Vahle Verwaltungs GmbH

 Type of ownership:   Tenant

 Address              Westicker Str. 52

                              59174 Kamen

 

 Land register documents were not available.

 

 

BANKERS

 

 DEUTSCHE BANK, DORTMUND

 Sort. code: 44070050, Account No: 1 918 051

 DRESDNER BANK, DORTMUND

 Sort. code: 44080050, Account No: 3 571 324

 POSTBANK, DORTMUND

 Sort. code: 44010046, Account No: 11601-462

 STÄDTISCHE SPARKASSE KAMEN, KAMEN, WESTF

 Sort. code: 44351380, Account No: 1 461

 

 

FIGURES

 

Financial year:      01.01. - 31.12.

 Turnover:                      2006                 EUR         68.000.000,00

                                    2007                 EUR         79.000.000,00

 Expected turnover:        2008                 EUR         86.000.000,00

 Total cap. contribution:                          EUR          5.400.000,00

 Value of stocks:                                                EUR          1.400.000,00

 Equipment:                                            EUR          2.300.000,00

 Total number of vehicles:                                               16

 - Lorries (owned):                                                                      2

 - Cars (owned):                                                             14

 Employees:                                                                  430

 - Salaried employees:                                                                210

 - Workers:                                                                    220

 

 Approximate figures are given.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.43.27

UK Pound

1

Rs.86.28

Euro

1

Rs.68.24

 

 

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