MIRA INFORM REPORT

 

 

 

Report Date :

22.07.2008

 

IDENTIFICATION DETAILS

 

Name :

WUMAG TEXROLL GMBH & CO. KG

 

 

Registered Office :

Dusseldorfer Str. 100, 47809 Krefeld, Post Box:  9319

 

 

Country :

Germany

 

 

Date of Incorporation :

03.05.1996

 

 

Com. Reg. No.:

HRA 3710

 

 

Legal Form :

Limited Partnership with Private Limited Company as General Partner

 

 

Line of Business :

Manufacture of Machinery for Textile, Apparel and Leather Production

 

 

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

 

WUMAG Texroll GmbH & Co. KG

Düsseldorfer Str. 100

47809 Krefeld

Post Box:  9319

Telephone: 02151/526300

Telefax:   02151/526369

Homepage:  www.wumag.de

E-Mail:    texroll@wumag.de

 

 

 

VAT no.           

 

DE179873046

 

 

SOLVENCY RATING 

 

 2,3

 

 

 CONCLUSION

 

 The maximum credit is EUR 250.000,00.

 Business relations are permissible.

 

 

LEGAL FORM          

 

Ltd partnership with priv. ltd. Company as General partner

 

 

Registered on      

 

03.05.1996

 

 

Register of companies     

 

Local court 47798 KREFELD

  under:               HRA 3710

 

 

 

Totalcap.contribution             

 

EUR            153.387,56

 

 

General Partner

 

WUMAG TEXROLL Verwaltungs GmbH

Düsseldorfer Str. 100

47809 Krefeld

Legal form: Private limited company

Share capital:     EUR             25.600,00

Reg. Data:  19.04.1996

HRB 5868

47798 KREFELD

 

 

Shareholder

 

WUMAG GmbH

Düsseldorfer Str. 100/120

47809 Krefeld

Legal form: Private limited company

Share capital:     EUR          2.500.000,00

Share:             EUR             25.600,00

Reg. Data:  17.06.1948

HRB 265

47798 KREFELD

Employees:                               280

 

 

Manager

 

Karl-Heinz Vaaßen

52445 Titz

authorized to jointly represent the company

born 14.12.1964

 

 

Limited Partner

 

WUMAG GmbH

Düsseldorfer Str. 100/120

47809 Krefeld

Legal form: Private limited company

Share capital:     EUR          2.500.000,00

Share:             EUR            153.387,56

Reg. Data:  17.06.1948

HRB 265

47798 KREFELD

Employees:                               280

 

 

 Proxy

 

Manfred Bluhm

Buchenstr. 37

47574 Goch

authorized to jointly represent the company

born 06.03.1952

Occupation: Businessman

Marital status: married

 

 

BUSINESS ACTIVITIES

 

 28940

 Manufacture of machinery for textile, apparel and leather production

 28950

 Manufacture of machinery for paper and paperboard production

 28960

 Manufacture of machinery for processing plastics and rubber

 

 

FINANCIAL INFORMATION

 

Solvency rating:      2,3

 Payment experience:  within agreed terms

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Düsseldorfer Str. 100

                      47809 Krefeld

 

 Private real estate

 Name                 WUMAG TEXROLL Verwaltungs GmbH

 Type of ownership:   Tenant

 Address              Düsseldorfer Str. 100

                      47809 Krefeld

 

 Land register documents were not available.

 

 

 

 

 

BANKERS

 

 COMMERZBANK, KREFELD

 Sort. code: 32040024

 SPARKASSE KREFELD, KREFELD

 Sort. code: 32050000

 

 

 FIGURES

 

 Financial year:      01.01. - 31.12.

 gross profit or loss:       2006                 EUR          9.515.600,00

 Profit:                           2006                 EUR            621.600,00

 Total cap. contribution:                          EUR            153.387,56

 Equipment:                                           EUR            156.600,00

 Ac/ts receivable:                                               EUR          2.514.200,00

 Liabilities:                                              EUR          3.564.000,00

 Employees:                                                                               93

 

 Approximate figures are given.

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.42.33

UK Pound

1

Rs.84.32

Euro

1

Rs.66.75

 

 

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