MIRA INFORM REPORT

 

 

Report Date :

20.03.2008

 

 

IDENTIFICATION DETAILS

 

Name :

MCC-MENSSING CHEMIEHANDEL & CONSULTANTS GMBH

 

 

Registered Office :

Dorotheenstr. 48 22301 Hamburg

 

 

Country :

Germany

 

 

Date of Incorporation :

21.04.1995

 

 

Com. Reg. No.:

HRB 58791

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

 

 

 

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 150.000,00.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

 

 

name & address

 

MCC-Menssing Chemiehandel & Consultants GmbH

Dorotheenstr. 48

22301 Hamburg

Telephone: 040/2785990

Telefax:   040/2790019

Homepage:  www.mcc-hamburg.de

E-Mail:    info@mcc-hamburg.de

 

 

VAT no.

 

 DE811834979

 

 

SOLVENCY RATING

 

  2,2

 

 

CONCLUSION

 

The maximum credit is EUR 150.000,00.

Business relations are permissible.

 

 

LEGAL FORM         

 

Private limited company

 

 

Date of foundation

 

 21.04.1995

 

 

Shareholders' agreement

 

21.04.1995

 

 

Registered on

 

19.06.1995

 

 

Commercial Register

 

 Local court 20355 HAMBURG 36

under:               HRB 58791

 

 

Share capital                 

 

 EUR            550.050,00

 

 

Shareholder

 

Peter Menssing

Amtsstr. 59

22149 Hamburg

born 05.08.1949

Share:             EUR            274.500,00

 

Shareholder:

Fritz S. Kern

CH 000 Arlesheim

Share:             EUR            126.200,00

 

Shareholder:

Jan Menssing

Amtsstr. 59

22149 Hamburg

born 17.02.1977

Share:             EUR            114.350,00

 

Shareholder:

Jingang Shi

Room No. 1908, NO.414 Building

Wangjingxincheng, Chaoyang D.

RC - Beijing/P.R. 100102

born 21.02.1967

Share:             EUR             35.000,00

 

 

Manager

 

Peter Menssing

Amtsstr. 59

22149 Hamburg

having sole power of representation

born 05.08.1949

Occupation: Businessman

Marital status: married

 

 

Further functions/participations of Peter Menssing (Manager)

 

General Partner:

Concordia Sport-Werbung Mesind und Willers

oHG

Am Stadtrand 9-11

22047 Hamburg

Legal form: General Partnership

Reg. Data:  30.05.1991

HRA 85333

20355 HAMBURG 36

 

 

President of the Board of Directors:

 

Sport-Club "Concordia" von 1907 e.V.

Osterkamp 59

22043 Hamburg

Legal form: Registered association

Reg. Data:  31.10.1921

VR 5252

20355 HAMBURG 36

 

 

BUSINESS HISTORY

 

 BUSINESS ACTIVITIES

 51134

 AGENTS INVOLVED IN THE SALE OF CHEMICAL TECHNICAL PRODUCTS

 5155

 WHOLESALE OF CHEMICAL PRODUCTS

 51901

 Non-specialized wholesale of raw materials, semi-finished and

 finished goods

 

 

FINANCIAL INFORMATION

 

Solvency rating:      2,2

 Payment experience:  within agreed terms

 

 

 REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Dorotheenstr. 48

                      22301 Hamburg

 

 Private real estate

 Name                 Peter Menssing

 Type of ownership:   unknown

 Address              Amtsstr. 59

                      22149 Hamburg

 

 Land register documents were not available.

 

 

 BANKERS

 HSH NORDBANK HAMBURG, HAMBURG

 Sort. code: 20050000, Account No: 214076

 

 

 FIGURES

 Financial year:      01.07. - 30.06.

 Turnover:            2005/2006          EUR         16.500.000,00

                      2006/2007          EUR         18.000.000,00

 Share capital:                          EUR            550.050,00

 Value of stocks:                        EUR          2.300.000,00

 Equipment:                              EUR             50.000,00

 Employees:                                                     10

 

 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