MIRA INFORM REPORT

 

 

 

Report Date :

11.07.2008

 

IDENTIFICATION DETAILS

 

Name :

IRS STAHLHANDEL GMBH

 

 

Registered Office :

Bischofstr. 88 47809 Krefeld

 

 

Country :

Germany

 

 

Date of Incorporation :

03.04.1974

 

 

Com. Reg. No.:

HRB 2364

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of Petroleum Products and others

 

 

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 120.000,00.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

name & address

 

IRS Stahlhandel GmbH

Bischofstr. 88

47809 Krefeld

Telephone: 02151/507550

Telefax:   02151/5075544

E-Mail:    irs@irsstahlhandel.de

 

 

VAT no.         

 

DE120150915

 

 

SOLVENCY RATING 

 

2,0

 

 

CONCLUSION

 

 The maximum credit is EUR 120.000,00.

 Business relations are permissible.

 

 

LEGAL FORM          

 

Private limited company

 

 

Date of foundation 

 

03.04.1974

 

 

Shareholders' agreement              

 

20.08.1981

 

 

Registered on      

 

19.11.1981

 

 

Commercial Register

 

Local court 47798 KREFELD

 under:               HRB 2364

 

 

Share capital                         

 

EUR            123.000,00

 

 

Shareholder

 

Possehl Erzkontor Gesell- schaft mit

beschränkter Haftung

Beckergrube 38-52

Post Box: 1633

23552 Lübeck

Legal form: Private limited company

Share capital:     EUR         26.000.000,00

Share:             EUR            123.000,00

Reg. Data:  08.02.1915

HRB 67 HL

23568 LÜBECK

Turnover:          EUR        185.840.000,00

Employees:                                78

 

 

Manager

 

Thomas Fuhrberg

Brookkehre 11

21029 Hamburg

born 11.09.1954

Occupation: Businessman

Marital status: married

 

Manager:

Dr. Detlef Lunebach

47051 Duisburg

authorized to jointly represent the company

Occupation: Engineer

 

 

Proxy

 

Volker Ziermann

40210 Düsseldorf

authorized to jointly represent the company

born 28.09.1960

 Proxy:

Klaus Litze

41061 Mönchengladbach

authorized to jointly represent the company

born 04.08.1950

 

 

Further functions/participations of Thomas Fuhrberg (Manager)

 

 Manager:

Mineralmahlwerk C. Welsch Gesellschaft mit

beschränkter Haftung

Friedenstr. 36

Post Box: 100487

46485 Wesel

Legal form: Private limited company

Share capital:     EUR            921.000,00

Reg. Data:  08.12.1980

HRB 10613

47051 DUISBURG 1

 

Manager:

Possehl Erzkontor Gesell- schaft mit

beschränkter Haftung

Beckergrube 38-52

Post Box: 1633

23552 Lübeck

Legal form: Private limited company

Share capital:     EUR         26.000.000,00

Reg. Data:  08.02.1915

HRB 67 HL

23568 LÜBECK

 

Proxy:

HeidelbergCement AG

Berliner Str. 6

Post Box: 10 44 20

69120 Heidelberg

Legal form: Public limited company

Share capital:     EUR        375.000.000,00

Reg. Data:  03.01.1962

HRB 330082

68159 MANNHEIM

 

 

BUSINESS HISTORY

 

 03.04.1974           I.R.S. Stahlhandel GmbH

                      Emil-Schäfer-Str. 18

                      47800 Krefeld

                      Private limited company

 01.04.1987           I.R.S. Stahlhandel GmbH

                      Uerdinger Str. 540

                      47800 Krefeld

                      Private limited company

 13.08.1997           IRS Stahlhandel GmbH

                      Uerdinger Str. 540

                      47800 Krefeld

                      Private limited company

 2003                 IRS Stahlhandel GmbH

                      Bischofstr. 88

                      47809 Krefeld

                      Private limited company

 

 

BUSINESS ACTIVITIES

 

46712

 Wholesale of petroleum products

 46721

 Wholesale of iron ores, iron, steel and iron and steel semi-

 finished goods

 46770

 Wholesale of waste and scrap

 

 

FINANCIAL INFORMATION

 

 Solvency rating:      2,0

 Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:   Tenant

 Address              Bischofstr. 88

                      47809 Krefeld

 

 Land register documents were not available.

 

 

BANKERS

 

 COMMERZBANK, DÜSSELDORF

 Sort. code: 30040000

 DEUTSCHE BANK, KREFELD

 Sort. code: 32070080

 

 

 

 

 FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:                      2006                 EUR         10.000.000,00

                                    2007                 EUR         11.500.000,00

 Share capital:                                       EUR            123.000,00

 Value of stocks:                                                EUR          1.278.480,00

 Equipment:                                           EUR             22.150,00

 Ac/ts receivable:                                               EUR          3.124.780,00

 Liabilities:                                             EUR          2.737.040,00

 Employees:                                                      8

 

 Approximate figures are given.

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.43.16

UK Pound

1

Rs.85.51

Euro

1

Rs.67.95

 

 

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