MIRA INFORM REPORT

 

 

Report Date :

11.03.2008

 

 

IDENTIFICATION DETAILS

 

Name :

TONDEO-WERK GMBH

 

 

Registered Office :

Höhscheider Weg 3742699 Solingen

 

 

Country :

Germany

 

 

Date of Incorporation :

1928

 

 

Com. Reg. No.:

HRB 14817

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Cutting Tools and Cutlery

 

 

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

 

Tondeo-Werk GmbH

Höhscheider Weg 37

42699 Solingen

Telephone: 0212/6586-0

Telefax:   0212/6586-65

Homepage:  www.tondeo.de

E-Mail:    tondeo@tondeo.de

 

 

VAT no.          

 

 DE813714040

 

 

SOLVENCY RATING

 

1,0

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

Business relations are permissible.

 

 

LEGAL FORM          

 

Private limited company

 

 

Date of foundation

 

1928

 

 

Shareholders' agreement

 

23.12.1968

 

 

Registered on

 

 01.10.1969

 

Commercial Register

 

Local court 42103 WUPPERTAL

under:               HRB 14817

 

 

Share capital

 

EUR          2.300.813,47

 

 

 Shareholder

 

Wella Aktiengesellschaft

Berliner Allee 65

64295 Darmstadt

Legal form: Public limited company

Share capital:     EUR         67.517.346,00

Share:             EUR          2.300.813,47

Reg. Data:  01.01.1930

HRB 1046

64283 DARMSTADT

 

 

Manager

 

Wolfgang Stadler

50667 Köln

having sole power of representation

born 20.09.1955

 

 

Further functions/participations of Wolfgang Stadler (Manager)

 

Manager:

Jenny Holding GmbH

Maximilianstr. 11

80539 München

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  14.03.2007

HRB 166935

80797 MÜNCHEN

 

Manager:

Jenny GmbH

Maximilianstr. 11

80539 München

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  15.05.2007

HRB 167907

80797 MÜNCHEN

 

Manager:

Tondeo Holding GmbH

Maximilianstr. 11

80539 München

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  15.05.2007

HRB 167910

80797 MÜNCHEN

 

 

BUSINESS HISTORY

 

 01.10.1969           Adolf und Lörle Noss Stiftung

                      Verwaltungsgesellschaft mit beschränkter

                      Haftung

                      Höhscheider Weg 39-45

                      42699 Solingen

                      Private limited company

 16.05.1980           Tondeo-Werk GmbH

                      Höhscheider Weg 39-45

                      42699 Solingen

                      Private limited company

 25.06.2001           Tondeo-Werk GmbH

                      Höhscheider Weg 39-45

                      42699 Solingen

                      Private limited company

 

 

 BUSINESS ACTIVITIES

 

 28610

 MANUFACTURE OF CUTTING TOOLS AND CUTLERY

 51873

 Wholesale of other equipment and accessories for machines and

 technical supplies

 

 

FINANCIAL INFORMATION

 

Solvency rating:      1,0

Payment experience:  cash discount/within agreed terms

 

 

 

 

 

 

 

 

REAL ESTATE

 

Type of ownership:   proprietor

Share:                           100,00 %

Address                        Höhscheider Weg 39-45

                                     42699 Solingen

Value at selling price:                 EUR          2.045.000,00

 

Type of ownership:         Tenant

Address                        Höhscheider Weg 37

                                    42699 Solingen

 

 Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, SOLINGEN

 Sort. code: 34270094

 COMMERZBANK, SOLINGEN

 Sort. code: 34240050

 

 

FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:                       2007               EUR         24.000.000,00

 Share capital:                                       EUR          2.300.813,47

 Real estate of the firm:                          EUR          2.045.000,00

 Employees:                                                                        100

 

 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