MIRA INFORM REPORT

 

 

Report Date :

09.05.2008

 

IDENTIFICATION DETAILS

 

Name :

FKE BIG BAG GMBH

 

 

Registered Office :

Schusterstr. 4, 65582 Diez

 

 

Country :

Germany

 

 

Date of Incorporation :

28.02.2007

 

 

Com. Reg. No.:

HRB 20659

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Corrugated Paper and Paperboard and of Paper and Cardboard Containers

 

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

 

Maximum Credit Limit :

EUR 5.000,00.

 

 

Status :

New Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

Name & Address

 

FKE Big Bag GmbH

Schusterstr. 4

65582 Diez

Telephone: 06432/6452740

 

 

CONCLUSION

 

The maximum credit is EUR 5.000,00.

 

Business relations are permissible.

 

 

LEGAL FORM                                       Private limited company

Date of foundation:                                 28.02.2007

Shareholders' agree-ment:                      28.02.2007

Registered on:                                       26.03.2007

Commercial Register:                             Local court 56410 MONTABAUR

under:                                                               HRB 20659

Share capital:                                        EUR             25.200,00

 

 

Shareholder

 

                     Horst Erbes

                      Schusterstr. 4a

                      65582 Diez

                      born 06.07.1958

                      Share:             EUR              8.400,00

 

Shareholder:

                      Michael Thomas Friedl

                      TR 34010 Istanbul

                      born 27.10.1951

                      Share:             EUR              8.400,00

Shareholder:

                      Fatih Karaca

                      TR Beykoz-Ystanbul

                      born 16.11.1981

                      Share:             EUR              8.400,00

 

 

Manager

             

Horst Erbes

Schusterstr. 4a

65582 Diez

having sole power of representation

born 06.07.1958

Occupation: Fully qualified management expert

Marital status: married

Manager:

                      Michael Thomas Friedl

                      TR 34010 Istanbul

                      having sole power of representation

                      born 27.10.1951

                      Nation.: Turkish

 

Manager:

                      Fatih Karaca

                      TR Beykoz-Ystanbul

                      having sole power of representation

                      born 16.11.1981

                      Nation.: Turkish

 

 

Further functions/participations of Horst Erbes (Manager)

 

Shareholder:

                      SOKUFOL Folien GmbH

                      Schusterstr. 4

                      65582 Diez

                      Legal form: Private limited company

                      Share capital:  EUR             25.564,59

                      Share:             EUR             25.564,59

                      Reg. Data:  05.04.1990

                                  HRB 867

                                  65549 LIMBURG/L.

                      Employees:                                 4

Manager:

                      SOKUFOL Folien GmbH

                      Schusterstr. 4

                      65582 Diez

                      Legal form: Private limited company

                      Share capital:     EUR             25.564,59

                      Reg. Data:  05.04.1990

                                  HRB 867

                                  65549 LIMBURG/L.

 

 

BUSINESS HISTORY

 

19.04.2007     FKE Big Bag GmbH

                      Schusterstr. 9

                      65582 Diez

                      Private limited company

 

 

BUSINESS ACTIVITIES

 

21210

MANUFACTURE OF CORRUGATED PAPER AND PAPERBOARD AND OF PAPERAND

CARDBOARD CONTAINERS

25220

MANUFACTURE OF PLASTIC PACKING

 

51187

AGENTS INVOLVED IN THE SALES OF PAPER AND CARDBOARD, SCHOOLAND

OFFICE SUPPLIES, GIFTS AND GIVEAWAYS, PACKING GOODS AND WALLPAPER

 

 

FINANCIAL INFORMATION

 

Solvency rating:      2,7

 

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:   Tenant

 

Address         Schusterstr. 4

                      65582 Diez

 

Land register documents were not available.

 

 

BANKERS

 

KREISSPARKASSE LIMBURG, LIMBURG A D LAHN

 

Sort. code: 51150018

 

 

FIGURES

 

Financial year:      26.03. - 31.12.

Share capital:                          EUR             25.200,00

Employees:                                                      3

 


 

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