MIRA
INFORM REPORT
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Report Date : |
15.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
Bright
Edelstein Gems Shah & Co. |
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Registered Office : |
Mainzer Str.
43, 55743 Idar-Oberstein |
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Country : |
Germany |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
1977 |
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Com. Reg. No.: |
HRA 11325 |
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Legal Form : |
General
Partnership |
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Line of Business : |
Wholesale
Trade in Watches, Precious Metall Goods and Jewelry |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
Bright
Edelstein Gems Shah & Co.
Mainzer Str. 43
55743 Idar-Oberstein
Telephone: 06781/94400
Telefax: 06781/41840
E-Mail: bright@t-online.de
VAT no.
DE148288192
Tax ID number
09/201/0262/1
CONCLUSION
Business relations are permissible.
LEGAL FORM
General Partnership
Date of foundation
1977
Begin of Business activities
14.10.1977
Registered on
14.10.1977
Register of companies
Local court 55543 BAD KREUZNACH
Under
HRA 11325
General Partner
Harish Kumar Shah
Ezenichstr. 50
55743 Idar-Oberstein
born 19.08.1952
Nation.: Indian
Marital status: married
General Partner
Sanjay Corp.
1642 Melbourne Plaza 33
Queens Road
HK - Hongkong
Legal form: Other legal form
BUSINESS HISTORY
Beginning of business activities:14.10.1977
14.10.1977 Bright Edelstein Gems Shah & Co.
Mainzer Str. 34
55743 Idar-Oberstein
General Partnership
BUSINESS ACTIVITIES
51474
WHOLESALE TRADE IN WATCHES, PRECIOUS METALL GOODS AND JEWELRY
FINANCIAL INFORMATION
Payment experience: within
agreed terms
REAL ESTATE
Type of ownership: Tenant
Address Mainzer Str. 34
55743 Idar-Oberstein
Private real estate
Name Harish Kumar Shah
Type of ownership: proprietor
Share: 100,00 %
Address Ezenichstr. 50
55743 Idar-Oberstein
Land register documents were not available.
BANKERS
COMMERZBANK, IDAR-OBERSTEIN
Sort. code: 56240050
DRESDNER BANK, IDAR-OBERSTEIN
Sort. code: 51080060
FIGURES
Financial year: 01.01. - 31.12.
Turnover: 2005
EUR 6.000.000,00
Equipment:
EUR 26.000,00
Employees: 2
The aforementioned business figures may partly be estimated information based on average values in the line of business.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)