MIRA INFORM REPORT

 

 

 

Report Date :

04.06.2008

 

IDENTIFICATION DETAILS

 

Name :

Sänger GmbH

 

 

Registered Office :

Buchenbacher Str. 20, 74673 Mulfingen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

10.02.1992

 

 

Com. Reg. No.:

HRB 590356

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Agents involved in the sale of a variety of goods

 

 

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 50.000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

Sänger GmbH

Buchenbacher Str. 20

74673 Mulfingen

Telephone:        07938/90220

Telefax:             07938/7404

Homepage:        www.sanger.de

E-Mail:              info@sanger.de

 

 

CONCLUSION

 

The maximum credit is EUR 50.000,00.

 

Business relations are permissible.

 

 

LEGAL FORM 

 

Private limited company

 

 

Shareholders' agreement

 

30.12.1988

 

 

Registered on

 

10.02.1992

 

 

Commercial Register

 

Local court 70190 STUTTGART 1

 

 

Under

 

HRB 590356

 

 

Share capital

 

EUR             25.564,59

 

 

Shareholder

 

Chula Sänger

Buchenbacher Str. 20

74673 Mulfingen

born 14.09.1956

Share:             EUR             23.008,13

 

 

Shareholder

 

Ilse Sänger

Buchenbacher Str. 20

74673 Mulfingen

born 21.03.1956

Share:             EUR              2.556,46

 

 

Manager

 

Chula Sänger

Buchenbacher Str. 20

74673 Mulfingen

born 14.09.1956

Occupation: Fully qualified management expert

Marital status: married

 

 

Further functions/participations of

Chula Sänger (Manager)

 

Shareholder:

Gummitex Produktions- und Vertriebsges. mbH

Haldenweg 1

74673 Mulfingen

Legal form: Private limited company

Share capital:     EUR             25.564,59

Share:                EUR             23.008,13

Reg. Data:  04.05.1990

HRB 590383

70190 STUTTGART 1

Employees:  4

 

Manager:

Gummitex Produktions- und Vertriebsges. mbH

Haldenweg 1

74673 Mulfingen

Legal form: Private limited company

Share capital:     EUR             25.564,59

Reg. Data:  04.05.1990

HRB 590383

70190 STUTTGART 1

 

BUSINESS HISTORY

 

15.08.1983

Ilse Sänger

74673 Mulfingen

Unregistered commercial enterprise

 

BUSINESS ACTIVITIES

 

51190

AGENTS INVOLVED IN THE SALE OF A VARIETY OF GOODS

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Buchenbacher Str. 20

                                    74673 Mulfingen

 

Land register documents were not available.

 

 

BANKERS

 

RAIFFEISENBANK KOCHER-JAGST, MULFINGEN, JAGST

Sort. code: 60069714

 

 

FIGURES

 

Financial year:                           01.01. - 31.12.

Turnover:                                   2005    EUR          7.500.000,00

                                                2006    EUR          7.500.000,00

Share capital:                                        EUR               25.564,59

Value of stocks:                                     EUR          1.500.000,00

Equipment:                                            EUR             500.000,00

Ac/ts receivable:                                    EUR             400.000,00

Liabilities:                                              EUR             200.000,00

Total number of vehicles:            9

Employees:                                           34

Branch number:                         51190

 

 Approximate figures are given.


 

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