MIRA INFORM REPORT

 

 

Report Date :

18.06.2008

 

IDENTIFICATION DETAILS

 

Name :

QVF ENGINEERING GMBH

 

 

Registered Office :

Hattenbergstr. 36 55122 Mainz

 

 

Country :

Germany

 

 

Date of Incorporation :

04.10.1955

 

 

Com. Reg. No.:

HRB 6538

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Machines for Non-Specified Use

 

 

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

 

QVF Engineering GmbH

Hattenbergstr. 36

55122 Mainz

Telephone: 06131/9704-0

Telefax:   06131/9704-500

E-Mail:    mail@qvf.de

 

 

VAT no.          

 

DE113872810

 

 

SOLVENCY RATING  

 

1,4

 

 

CONCLUSION

 

 The maximum credit is EUR 250.000,00.

 Business relations are permissible.

 

 

LEGAL FORM

 

Private limited company

 

 

Date of foundation

 

04.10.1955

 

 

Shareholders' agreement              

 

04.10.1955

 

 

Registered on     

 

19.06.1998

 

 

Commercial Register

 

Local court 55116 MAINZ

under:               HRB 6538

 

 

Share capital                         

 

EUR          3.067.800,00

 

 

Shareholder

 

De Dietrich SAS

Chateau de Reichshoffen

F 67891 Niederbronn Cedex

Legal form: Other legal form

Share:             EUR          3.067.800,00

 

 

Manager

 

Dr. Joachim Korbach

35576 Wetzlar

born 20.08.1963

 

 

Proxy

 

Karl-Heinrich Winter

65033 Wiesbaden

born 10.06.1957

 

Proxy:

Dr.-Ing. Manfred Pertler

Kirchstr. 50

55595 Hargesheim

born 12.10.1964

 

Proxy:

Gisela Lampertseder

69168 Wiesloch

authorized to jointly represent the company

born 08.05.1958

 

 

BUSINESS HISTORY

 

04.10.1955           QVF Glastechnik GmbH

                      Schoßbergstr. 11

                      65201 Wiesbaden

                      Private limited company

 19.06.1998           QVF Engineering GmbH

                      Hattenbergstr. 36

                      55122 Mainz

                      Private limited company

 07.08.1998           QVF Glastechnik GmbH

                      Hattenbergstr. 36

                      55122 Mainz

                      Private limited company

 

 

BUSINESS ACTIVITIES

 

29240

MANUFACTURE OF MACHINES FOR NON-SPECIFIED USE N.E.C.

 

 

BRANCHES AND FACTORIES

 

 Branch:

QVF Engineering GmbH -Niederlassung-

Schoßbergstr. 11

65201 Wiesbaden

 

 

FINANCIAL INFORMATION

 

 Solvency rating:      1,4

 Payment experience:  cash discount/within agreed terms

 

 

REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                100,00 %

 Address              Hattenbergstr. 36

                      55122 Mainz

 Type of real estate: administrative premises

 

 Land register documents were not available.

 

 

BANKERS

 

 DRESDNER BANK, WIESBADEN

 Sort. code: 51080060

 POSTBANK, FRANKFURT AM MAIN

 Sort. code: 50010060

 SOCIETE GENERALE, FRANKFURT AM MAIN

 Sort. code: 51210800

 

 

 FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:                      2006                 EUR         35.056.781,00

                                    2007                 EUR         40.000.000,00

 Share capital:                                       EUR          3.067.800,00

 Value of stocks:                                                EUR          4.975.000,00

 Equipment:                                           EUR         23.543.000,00

 Ac/ts receivable:                                               EUR          9.253.000,00

 Liabilities:                                             EUR          8.365.000,00

 Employees:                                                                   230

 

 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