MIRA INFORM REPORT

 

 

 

Report Date :

28.07.2008

 

IDENTIFICATION DETAILS

 

Name :

SEIDEN-GROHN GMBH & CO.KG

 

 

Registered Office :

Opelstr. 14, 30916 Isernhagen

 

 

Country :

Germany

 

 

Date of Incorporation :

01.01.1948

 

 

Com. Reg. No.:

HRA 120096

 

 

Legal Form :

Limited Partnership with Private Limited Company as General Partner Insolvent

 

 

Line of Business :

Weaving of Textiles

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

 

 

 

name & address

 

Seiden-Grohn GmbH & Co.KG insolvent

Opelstr. 14

30916 Isernhagen

Telephone: 0511/61766

Telefax:   0511/614646

Homepage:  www.seiden-grohn.de

E-Mail:    info@seiden-grohn.de

 

 

VAT no.            

 

DE188540501

 

 

SOLVENCY RATING   

 

6,0

 

 

CONCLUSION

 

 Business relations on credit basis are not permissible.

 

 

LEGAL FORM         

 

 Ltd partnership with priv. ltd. Company as General partner insolvent

 

 

Date of foundation

 

01.01.1948

 

 

Registered on      

 

03.03.1998

 

 

Register of   companies      

 

Local court 30175 HANNOVER

 under:               HRA 120096

 

 

Total cap. contribution             

 

EUR             25.564,59

 

 

General Partner

 

Seiden"-Grohn Beteiligungs GmbH

Opelstr. 14

30916 Isernhagen

Legal form: Private limited company

Share capital:     EUR             26.075,88

Reg. Data:  04.06.1997

HRB 3130

30938 BURGWEDEL

 

Shareholder

 

Rudolf Grohn

Klohestr. 17

30519 Hannover

born 15.02.1921

Share:             EUR              8.691,96

 

Shareholder:

Helmut Griethe

31319 Sehnde

Share:             EUR              8.691,96

 

Shareholder:

Klaus Rosenmeyer

30938 Burgwedel

born 14.02.1951

Share:             EUR              8.691,96

 

Manager

 

Rudolf Grohn

Klohestr. 17

30519 Hannover

having sole power of representation

born 15.02.1921

Occupation: Textile merchant

Marital status: divorced

 

 

 

 

 

 

Manager

 

Helmut Griethe

31319 Sehnde

Occupation: Businessman

 

 

Limited Partner

 

Rudolf Grohn

Klohestr. 17

30519 Hannover

born 15.02.1921

Share:             EUR             25.564,59

 

 

BUSINESS HISTORY

 

 1948                 Rudolf Grohn

                      29221 Celle

                      Unregistered commercial enterprise

 10.03.1971           Seiden-Grohn Rudolf Grohn HRA 393 erloschen

                      Opelstr. 14

                      30916 Isernhagen

                      Sole proprietorship

 

 

BUSINESS ACTIVITIES

 

 13200

 Weaving of textiles

 14131

 Manufacture of woven men's and boys' outerwear

 14132

 Manufacture of women's and girls' outerwear

 46421

 Wholesale of clothing

 

 

FINANCIAL INFORMATION

 

 Solvency rating:      6,0

 Payment experience:  negative information

 

 Insolvency Proceedings

 

 Local court             :        30175 Hannover

 

 Administrator in

 Insolvency proceedings  :        Rainer Eckert

                                  Arthur-Menge-Ufer 5

                                  D 30169 Hannover

                                  Tel. 0511/26094450

 

 Preliminary insolvency

 administrator           :        No

 

 File No                 :        902 IN 1217/06-9-

 

 Restraint on alienation

 - passed             on :        01.12.2006

 

 Order of institution of :        28.02.2007

 Claims to be filed by   :        10.04.2007

 Creditors' meeting

 - Date for pres.

   of report             :        09.05.2007

 - Date of hearing       :        09.05.2007

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Opelstr. 14

                      30916 Isernhagen

 

 Private real estate

 Name                 Seiden"-Grohn Beteiligungs GmbH

 Type of ownership:   Tenant

 Address              Opelstr. 14

                      30916 Isernhagen

 

 Land register documents were not available.

 

 

BANKERS

 

DRESDNER BANK, HANNOVER

 Sort. code: 25080020, Account No: 11101600

 

 

FIGURES

 

 Financial year:      01.01. - 31.12.

 Total cap. contribution:                EUR             25.564,59

 The number of employees is not known.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.42.30

UK Pound

1

Rs.84.03

Euro

1

Rs.66.42

 

 

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