MIRA INFORM REPORT

 

 

 

Report Date :

23.07.2008

 

IDENTIFICATION DETAILS

 

Name :

SOLAR-VERLAG GMBH

 

 

Registered Office :

Julicher Str. 376, D-52070 Aachen                                                       

 

 

Country :

Germany

 

 

Date of Incorporation :

31.01.1996                                         

 

 

Com. Reg. No.:

HRB 6505       

 

 

Legal Form :

Private Limited Company                       

 

 

Line of Business :

Publishing house in the field of renewable energy.

 

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

 

name & address

                                                                     

Solar-Verlag GmbH                                                     

Jülicher Str. 376                                                    

                                                                     

D-52070 Aachen                                                       

                                                                      

Tel: +49 (241) 40030                                                 

Fax: +49 (241) 4003300                                               

 

 

Legal form       

 

Private limited company                       

 

 

Foundation      

 

31.01.1996                                         

 

 

Comp. Register  

 

 01.03.1996, AG 52070 Aachen, HRB 6505       

last published entry on 28.11.2007                 

 

 

Shareholders    

 

 Philippe Welter                                     

52066 Aachen                           EUR          26.500,--

 

Dipl.-Biologin Annegret                            

Kreutzmann                                         

B-4728 Hergenrath                     EUR          26.500,--

 

Michael Schmela                                     

B-4728 Hergenrath                     EUR          26.500,--

 

Andreas Lohse                                      

10997 Berlin                                          EUR          18.100,--

 

Ernst-Roland Springorum                            

40489 Düsseldorf                       EUR          17.000,--

 

Johanna Myrzik                                     

34121 Kassel                                         EUR           8.000,--

 

Udo Möhrstedt                                      

96231 Bad Staffelstein                EUR           8.000,--

 

Ruth Rosendahl                                     

47803 Krefeld                                         EUR           5.150,--

 

Ralf Heuser                                        

52076 Aachen                           EUR           4.500,--

 

Dietmar Lundszien                                   

81541 München                         EUR           3.100,--

 

Sigrid Henke                                       

53757 Sankt Augustin                EUR           2.050,--

 

Irene von Drigalski                                

35037 Marburg                           EUR           1.300,--

 

Klaus Czittrich                                    

45143 Essen                             EUR           1.300,--

 

Richard Krüger-Sprengel                            

52074 Aachen                           EUR           1.200,--

 

Sabine Kowalczyk                                   

53757 Sankt Augustin                EUR             800,--

Capital changes:                                   

Capital was rased from EUR 88.644,98 to

EUR 150.000,- on 28.11.2007

 

 

Share capital                                   

 

EUR         150.000,--

 

 

Manager          

 

Dipl.-Biologin Annegret Kreutzmann,

born 06.07.1971, Hammerbrückweg 8, B-4728 Hergenrath

sole power of attorney                             

 

 

General Data    

 

 Publishing house in the field of renewable energy.

 

 

VAT Nr.

 

DE 178675725                         

 

Constant business development                  

Satisfactory course of business                

 

 

 

Staff            

 

2007     1 (the manager/s)                         

2008     1 (the manager/s)                         

as well as temporary helpers                   

   

 

Annual Sales     

 

No figures available                               

 

 

Real Estate     

 

None                                               

 

 

Assets            

Factory and office equipment      EUR          10.000,--

Finished goods and merchandise                     

                                                                                    EUR               0,--

                        Accounts receivable                   EUR          10.000,--

Liabilities          Subscribed capital                    EUR         150.000,--

                        Accounts payable                      EUR           7.500,--

 

 

Subsidiary      

 

 Grand Systems GmbH                                 

Jülicher Str. 376                                   

52070 Aachen                                       

share capital                 EUR          25.000,--

 

Photon Europe GmbH                                 

Jülicher Str. 376                                  

52070 Aachen                                        

share capital                 EUR          25.000,--

 

 

Remarks         

 

 E-Mail: verlag@photon.de                           

Internet: www.solar-verlag.de                      

                 

Former address:

Anschrift Wilhelmstr. 34, 52070 Aachen.            

 

Philippe Welter is also involved with:                                   

- Solar Beteiligungen GmbH, 52070 Aachen           

Shareholder for EUR 12.500,-

 

Annegret Kreutzmann is also involved with:                                

- Solar Beteiligungen GmbH, 52070 Aachen           

Shareholder for EUR 12.500,- and manager.

- Grand Systems GmbH, 52070 Aachen                 

Manager

- Photon Europe GmbH, 52070 Aachen                 

Manager

Ralf Heuser is also involved with:                                       

- JAT Consulting KG, 52068 Aachen                  

  Limited partner for EUR 100,-

- IGL Telematics GmbH & Co. KG, 52068 Aachen       

Lmiited partner for EUR 50,-

- HHP Treuhand GbR, 52068 Aachen                   

Partner

- IGL Beteiligungs GmbH, 52068 Aachen              

 

Manager

- IGL Ingenieur-Gemeinschaft Luftfahrt GmbH,       

52068 Aachen                                     

Sharehodler for EUR 9.200,- and manager (dissolved)

 

Richard Krüger-Sprengel is also involved with:                           

- Helix-Carbon GmbH, 52074 Aachen                  

Shareholder for EUR 25.000,- and manager.

Ernst-Roland Springorum:                            

- Roland Springorum Solarstromanlagen,             

40668 Meerbusch                                  

Proprietor

 

Udo Möhrstedt is also involved with:                                     

- Möhrstedt Grundstücksverwaltung AG & Co. KG,     

96231 Bad Staffelstein                           

Limited partner for EUR 10.225,84

- Sun Value GmbH, 96231 Bas Staffelstein           

Shareholder for EUR 380.000,- and manager

- SOLARWATT AG, 01109 Dresden                      

Sharehodler, 17 %

- erstes Bürgersolarkraftwerk Bad Staffelstein GmbH

& Co. KG, 96199 Zapfendorf                       

Limited partner for EUR 10.000,-               

- Zweites Bürgersolarkraftwerk Bad Staffelstein GmbH

& Co. KG, 96199 Zapfendorf                        

Limited partner for EUR 5.000,--

 

 

Bankers          

 

Sparkasse Aachen                                   

Aachen                              Bcod  (39050000)

                                                                     

 

Mode of payments 

 

As far as known, prompt                         (29)

 

 

 

Credit Opinion   

 

No direct objections against entering into a business

relationship; with regards to the financial infoamtion we     recommend you to deal on fully secured terms only.

 

 

 

assets

 

31.12.2006
EUR

31.12.2005
EUR

A. Fixed assets

115.339,00

102.795,00

I. Immaterial fixed assets

9.919,00

6.326,00

II. Material fixed assets

80.420,00

96.469,00

III. Financial fixed assets

25.000,00

0,00

B. Current assets

1.518.539,53

768.720,01

I. Stocks

89.428,54

230.585,86

II. Receivables

1.308.059,69

516.479,08

II Liquid means

121.051,30

21.655,07

C. Accruals

103.696,47

3.660,03

    Total assets

1.817.520,09

1.074.164,16

LIABILITIES

 

31.12.2006
EUR

31.12.2005
EUR

A. Shareholders’equity

-79.945,09

-198.989,12

I. issued capital

150.000,00

61.355,03

II. Losses carried forward

260.344,15

334.544,57

III. Current profit

30.399,06

74.200,42

B. Provisions

349.377,00

202.131,43

C. Liabilities

754.334,68

620.641,73

D. Accruals

713.808,41

251.391,00

    Balance sum

1.817.520,09

1.074.164,16


 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.41.96

UK Pound

1

Rs.83.78

Euro

1

Rs.65.82

 

 

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