MIRA INFORM REPORT

 

 

Report Date :

02.06.2008

 

IDENTIFICATION DETAILS

 

Name :

BILCARE GMBH

 

 

Registered Office :

Industriepark Höchst 840 65926 Frankfurt

 

 

Country :

Germany

 

 

Date of Incorporation :

25.07.2005

 

 

Com. Reg. No.:

HRB 75178

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Plastic Packing

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

EUR 5.000,00.

 

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

name & address

 

Bilcare GmbH

Industriepark Höchst 840

65926 Frankfurt

Telephone: 069/30529850

Telefax:   069/30517100

Homepage:  www.bilcare.com

E-Mail:    direct-eu@bilcare.com

 

 

SOLVENCY RATING 

 

2,6

 

 

CONCLUSION

 

 The maximum credit is EUR 5.000,00.

 Business relations are permissible.

 

 

LEGAL FORM          

 

Private limited company

 

 

Shareholders' agreement          

 

17.06.2003

 

 

Registered on     

 

25.07.2005

 

 

Commercial Register

 

Local court 60313 FRANKFURT

under:               HRB 75178

 

 

Share capital                       

 

EUR             25.000,00

Shareholder

 

Bilcare Ltd.

IND Pune

Legal form: Other legal form

Share:             EUR             25.000,00

 

Manager

 

Mohan Bhandari

IND Pune

having sole power of representation

born 14.11.1959

Nation.: Indian

 

 

Proxy

 

Dr. Volker Huelck

65779 Kelkheim

born 19.01.1940

 

Proxy:

Cindy Müller

65719 Hofheim

having sole power of representation

born 01.01.1959

 

 

BUSINESS HISTORY

 

17.06.2003           Pharmazeutische Verpackungen Bilcare Europe

GmbH

Neue Heimat 20

65779 Kelkheim

Private limited company

25.07.2005           Bilcare GmbH

Industriepark Höchst 840

65926 Frankfurt

Private limited company

 

 

BUSINESS ACTIVITIES

 

 25220

 MANUFACTURE OF PLASTIC PACKING

 93053

 OTHER PERSONAL SERVICE ACTIVITIES, N.E.C.

 

 

 

 

 

FINANCIAL INFORMATION

 

 Solvency rating:      2,6

 Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:   Tenant

 Address              Industriepark Höchst 840

                             65926 Frankfurt

 

 Land register documents were not available.

 

 

BANKERS

 

 The bank connection could not be obtained.

 

 

FIGURES

 

 Financial year:      01.01. - 31.12.

 Share capital:                          EUR             25.000,00

 Employees:                                                      3


 

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