MIRA INFORM REPORT

 

 

Report Date :

10.03.2008

 

IDENTIFICATION DETAILS

 

Name :

SELLACAN INDUSTRIEOFEN GMBH

 

 

Registered Office :

Daimlerstr. 12, 32791 Lage

 

 

Country :

Germany

 

 

Date of Incorporation :

1996

 

 

Com. Reg. No.:

HRB 4304

 

 

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 97.000,00.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

 

name & address

 

Sellacan Industrieofen GmbH

Daimlerstr. 12

32791 Lage

Telephone: 05232/6990-0

Telefax:   05232/6990-28

E-Mail:    info@sellacan.de

 

 

VAT no.

 

 DE812028913

 

 

SOLVENCY RATING

 

2,2

 

 

CONCLUSION

 

The maximum credit is EUR 97.000,00.

Business relations are permissible.

 

 

LEGAL FORM         

 

Private limited company

 

 

Date of foundation

 

1996

 

 

Shareholders' agreement

 

 19.03.1996

 

 

Registered on

 

14.05.1996

 

 

Commercial Register

 

Local court 32657 LEMGO

under:               HRB 4304

 

 

Share capital

 

 EUR             25.600,00

 

 

Shareholder

 

Dietmar Raupach

Heideweg 10

33813 Oerlinghausen

born 24.12.1958

Share:             EUR             25.600,00

 

 

Manager

 

Dietmar Raupach

Heideweg 10

33813 Oerlinghausen

having sole power of representation

born 24.12.1958

Occupation: graduate engineer

 

 

 Further functions/participations of Dietmar Raupach (Manager)

 

Manager:

sellacan Beteiligungs GmbH

Heideweg 10

33813 Oerlinghausen

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  27.05.2004

HRB 5636

32657 LEMGO

 

 

 

 

 

 

 

 

BUSINESS HISTORY

 

14.05.1996    sellacan Industrieofen GmbH

                      Wittekindstr. 16

                      32758 Detmold

                      Private limited company

 

 

BUSINESS ACTIVITIES

 

 29240

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

 51872

 Wholesale of other machines (excl. agricultural machines)

 

 

FINANCIAL INFORMATION

 

 Solvency rating:      2,2

 Payment experience:  cash discount/within agreed terms

 

 

REAL ESTATE

 

Type of ownership:   Tenant

 Address              Daimlerstr. 12

                      32791 Lage

 

 Private real estate

 Name                 Dietmar Raupach

 Type of ownership:   proprietor

 Share:                100,00 %

 Address              Daimlerstr. 12

                      32791 Lage

 

 Land register documents were not available.

 

 

BANKERS

 

 SPARKASSE DETMOLD, DETMOLD

 Sort. code: 47650130

 

 

FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:                       2006               EUR          5.718.000,00

 Profit:                           2006                 EUR            169.521,00

 Share capital:                                       EUR             25.600,00

 Value of stocks:                                                EUR            780.754,00

 Equipment:                              EUR             82.735,00

 Ac/ts receivable:                       EUR            359.398,00

 Liabilities:                                 EUR            165.450,00

 - shortterm:                              EUR            165.450,00

 Total number of vehicles:                                             3

 - Lorries (leased):                                                         1

 - Cars (leased):                                                            2

 Employees:                                                                 25

 

 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