MIRA INFORM REPORT

 

 

Report Date :

11.03.2008

 

 

IDENTIFICATION DETAILS

 

Name :

DIAMANTEN MEIROW GMBH

 

 

Registered Office :

Westliche Karl-Friedrich-Str., 92, 75172 Pforzheim

 

 

Country :

Germany

 

 

Date of Incorporation :

02.10.1975

 

 

Com. Reg. No.:

HRB 500624

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale Trade in Watches, Precious Metal Goods and Jewelry

 

 

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

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

 

name & address

 

Diamanten Meirow GmbH

Westliche Karl-Friedrich-Str.

92

75172 Pforzheim

Telephone: 07231/3197-0

Telefax:   kein Eintrag

Homepage:  nicht vorhanden

 

SOLVENCY RATING

 

2,1

 

 

CONCLUSION

 

Business relations are permissible.

 

 

LEGAL FORM          

 

Private limited company

 

 

Date of foundation

 

02.10.1975

 

 

Shareholders' agreement

 

           

 02.10.1975

 

 

Registered on

 

26.11.1975

 

 

Commercial Register

 

Local court 68159 MANNHEIM

under:               HRB 500624

 

Share capital                    

 

 EUR            511.291,88

 

 

Shareholder

 

Marc Igal Meirow

75172 Pforzheim

Share:             EUR            511.291,88

Manager:

Roland Klink

Lameystr. 74

75173 Pforzheim

Occupation: Businessman

 

 

BUSINESS ACTIVITIES

 

51474

WHOLESALE TRADE IN WATCHES, PRECIOUS METALL GOODS AND JEWELRY

 

 

FINANCIAL INFORMATION

 

Solvency rating:      2,1

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Westliche Karl-Friedrich-Str.

92

75172 Pforzheim

 

Land register documents were not available.

 

 

BANKERS

 

BADEN-WÜRTTEMBERGISCHE BANK, PFORZHEIM

Sort. code: 66620020

SPARKASSE PFORZHEIM CALW, PFORZHEIM

Sort. code: 66650085

DEUTSCHE BANK, PFORZHEIM

Sort. code: 66670006

COMMERZBANK, PFORZHEIM

Sort. code: 66640035

 

 

FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:                       2006                 EUR            580.000,00

2007                 EUR            600.000,00

Expected turnover:   2008                       EUR            600.000,00

Share capital:                                        EUR            511.291,88

Value of stocks:                                     EUR            100.000,00

Equipment:                                            EUR             25.000,00

Ac/ts receivable:                                    EUR             50.000,00

Liabilities:                                              EUR             37.000,00

Total number of vehicles:                                                        1

- Cars (owned):                                                                          1

Employees:                                                                                3

 

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