MIRA INFORM REPORT

 

 

Report Date :

09.05.2008

 

IDENTIFICATION DETAILS

 

Name :

BHB-FASHION SERVICE GMBH

 

 

Registered Office :

Rheiner Str. 28, 48499 Salzbergen

 

 

Country :

Germany

 

 

Date of Incorporation :

13.10.1999

 

 

Com. Reg. No.:

HRB 100716

 

 

Legal Form :

Private Limited Company                                               

 

 

Line of Business :

Manufacture of Other Outerwear

 

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

 

BHB-Fashion Service GmbH

Rheiner Str. 28

48499 Salzbergen

Telephone: 05976/270

Telefax:   05976/27211

Homepage:  www.bueltel.com

E-Mail:    info@bueltel.com

VAT no.:             DE812825010

Tax ID number:       61/201/00419

 

 

Solvency Rating

 

2, 0

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

 

Business relations are permissible.

 

 

LEGAL FORM            Private limited company                

Date of foundation:     13.10.1999

Begin of

Business activities:     13.10.1999

Shareholders' agree-

ment:                          13.10.1999

Registered on:            27.12.2000

Commercial Register: Local court 49074 OSNABRÜCK

under:                          HRB 100716

 

Share capital:            EUR            250.000,00

 

 

Shareholder

 

                      Bültel Bekleidungswerke GmbH

                      Rheiner Str. 28

                      48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR         10.050.000,00

                      Share:             EUR            250.000,00

                      Reg. Data:  04.10.1978

                                  HRB 100049

                                  49074 OSNABRÜCK

                      Turnover:          EUR         15.000.000,00

                      Employees:                                79

                      Profit transfer agreement

 

Manager

 

                      Hermann Bültel

                      Fichtenweg 13

                      48499 Salzbergen

                      having sole power of representation

                      born 12.09.1933

                      Occupation: Businessman

                      Marital status: married

                      spouse      Rita Bültel

                                  née: Kaiser

                      Children:       2

 Manager:

                      Bernhard Exeler

                      48429 Rheine

                      authorized to jointly represent the company

                      born 13.05.1947

                      Occupation: Businessman

 Manager:

                      Jürgen Schmitz

                      40489 Düsseldorf

                      authorized to jointly represent the company

                      born 05.06.1964

 Manager:

                      Hans-Dieter Schütte

                      32312 Lübbecke

                      authorized to jointly represent the company

                      born 17.05.1951

                      Occupation: Fully qualified management

                      Expert

 

 

Proxy

 

                      Christoph Nevels

                      Brechtestr. 207

                      48431 Rheine

                      authorized to jointly represent the company

                      born 21.10.1965

 

 Proxy:

                      Dimitrios Dimitriadis

                      Paul-Klee-Str. 50

                      48455 Bad Bentheim

                      authorized to jointly represent the company

                      born 04.05.1967

 

 

 

Further functions/participations of Hermann Bültel (Manager)

 

Shareholder:

                      Bültel Bekleidungswerke GmbH

                      Rheiner Str. 28

                      48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR         10.050.000,00

                      Share:             EUR          4.953.742,62

                      Reg. Data:  04.10.1978

                                  HRB 100049

                                  49074 OSNABRÜCK

                      Turnover:          EUR         15.000.000,00

                      Employees:                                79

 

Manager:

                      hattric fashion GmbH

                      Südring 53

                      46342 Velen

                      Legal form: Private limited company

                      Share capital:     EUR          1.800.000,00

                      Reg. Data:  13.11.2001

                                  HRB 5057

                                  48653 COESFELD

 

Manager:

                      Bültel Bekleidungswerke GmbH

                      Rheiner Str. 28

                      48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR         10.050.000,00

                      Reg. Data:  04.10.1978

                                  HRB 100049

                                  49074 OSNABRÜCK

 

Manager:

                      Bültel Worldwide Fashion GmbH

                      Rheiner Str. 28

                      48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR            511.291,88

                      Reg. Data:  06.04.1998

                                  HRB 100546

                                  49074 OSNABRÜCK

 

Manager:

                      freestyle fashion GmbH

                      Rheiner Str. 28

                      48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR             50.000,00

                      Reg. Data:  23.06.1999

                                  HRB 100629

                                  49074 OSNABRÜCK

 

Further functions/participations of Bernhard Exeler (Manager)

 

Manager:

                      hattric fashion GmbH

                      Südring 53

                      46342 Velen

                      Legal form: Private limited company

                      Share capital:     EUR          1.800.000,00

                      Reg. Data:  13.11.2001

                                  HRB 5057

                                  48653 COESFELD

 

Manager:

                      Bültel Bekleidungswerke GmbH

                      Rheiner Str. 28

                      48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR         10.050.000,00

                      Reg. Data:  04.10.1978

                                  HRB 100049

                                  49074 OSNABRÜCK

 

Manager:

                      Bültel Worldwide Fashion GmbH

                      Rheiner Str. 28

                      48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR            511.291,88

                      Reg. Data:  06.04.1998

                                  HRB 100546

                                  49074 OSNABRÜCK

 

Manager:

                      freestyle fashion GmbH

                      Rheiner Str. 28

                      48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR             50.000,00

                      Reg. Data:  23.06.1999

                                  HRB 100629

                                  49074 OSNABRÜCK

 

 

 

 

 

Further functions/participations of Hans-Dieter Schütte (Manager)

 

Manager:

                      Bültel Bekleidungswerke GmbH

                      Rheiner Str. 28

                      48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR         10.050.000,00

                      Reg. Data:  04.10.1978

                                  HRB 100049

                                  49074 OSNABRÜCK

 

Manager:

                      Bültel Worldwide Fashion GmbH

                      Rheiner Str. 28

                      48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR            511.291,88

                      Reg. Data:  06.04.1998

                                  HRB 100546

                                  49074 OSNABRÜCK

 

Manager:

                      freestyle fashion GmbH

                      Rheiner Str. 28

                      48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR             50.000,00

                      Reg. Data:  23.06.1999

                                  HRB 100629

                                  49074 OSNABRÜCK

 

Manager:

                      hattric fashion GmbH

                      Südring 53

                      46342 Velen

                      Legal form: Private limited company

                      Share capital:     EUR          1.800.000,00

                      Reg. Data:  13.11.2001

                                  HRB 5057

                                  48653 COESFELD

 

 

Further functions/participations of Jürgen Schmitz (Manager)

 

Manager:

                      hattric fashion GmbH

                      Südring 53

                      46342 Velen

                      Legal form: Private limited company

                      Share capital:     EUR          1.800.000,00

                      Reg. Data:  13.11.2001

                                  HRB 5057

                                  48653 COESFELD

 

 Manager:

                      Bültel Bekleidungswerke GmbH

                      Rheiner Str. 28

                      48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR         10.050.000,00

                      Reg. Data:  04.10.1978

                                  HRB 100049

                                  49074 OSNABRÜCK

 

 

BUSINESS HISTORY

 

Beginning of business activities:13.10.1999

 

02.11.1999    Strat-Man-Mode GmbH (HRB 2067 - AG Rheine)

                      Rheiner Str. 28

                      48432 Rheine

                      Private limited company

 

 

BUSINESS ACTIVITIES

 

1822

MANUFACTURE OF OTHER OUTERWEAR

 

51424

Wholesale of outer wear and other clothing accessories

 

93053

OTHER PERSONAL SERVICE ACTIVITIES, N.E.C.

 

 

FINANCIAL INFORMATION

 

Solvency rating:      2,0

 

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Rheiner Str. 28

                      48499 Salzbergen

 

 

Private real estate

 

Name                 Hermann Bültel

Type of ownership:   proprietor

Share:                100,00 %

Address              Fichtenweg 13

                      48499 Salzbergen

 

Land register documents were not available.

 

BANKERS

COMMERZBANK, RHEINE

Sort. code: 40340030

KBC BANK DEUTSCHLAND, DÜSSELDORF

Sort. code: 30120500

 

FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:             2006               EUR         65.000.000,00

                            2007               EUR         76.000.000,00

 Share capital:                            EUR              250.000,00

 Employees:                                                              178

 Profit transfer agreement with:

                      Bültel Bekleidungswerke GmbH

                      48499 Salzbergen

 

 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