MIRA INFORM REPORT

 

 

Report Date :

08.05.2008

 

 

IDENTIFICATION DETAILS

 

Name :

EDELSTAHLSERVICE GMBH

 

 

Registered Office :

Gottlieb-Daimler-Str. 6-8 72172 Sulz

 

 

Country :

Germany

 

 

Date of Incorporation :

03.09.1974

 

 

Com. Reg. No.:

HRB 480309

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale Trade in Iron, Steel and Iron and Steel Semi-Finished Products

 

 

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

 

EDELSTAHLSERVICE Gesellschaft mbH

Gottlieb-Daimler-Str. 6-8

72172 Sulz

Telephone: 07454/9680-0

Telefax:   07454/9680-90

Homepage:  www.edelstahlservice-sulz.de

E-Mail:    info@edelstahlservice-sulz.de

 

 

SOLVENCY RATING

 

1,9

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

Business relations are permissible.

 

 

LEGAL FORM         

 

 Private limited company

 

 

Date of foundation

 

03.09.1974

 

 

Shareholders' agreement          

 

03.09.1974

 

 

Registered on      

 

01.09.1981

 

 

Commercial Register

 

Local court 70190 STUTTGART 1

 under:               HRB 480309

 

 

Share capital                      

 

EUR            500.000,00

 

 

Shareholder

 

Heinz Leuthe

Plettenbergstr. 47

72172 Sulz

born 15.07.1932

Share:             EUR            260.000,00

 

Shareholder:

Wolfgang Leuthe

Lochenstr. 18

72172 Sulz

born 13.05.1957

Share:             EUR            120.000,00

 

Shareholder:

Frank Leuthe

Plettenbergstr. 47

72172 Sulz

born 09.10.1967

Share:             EUR            120.000,00

 

 

Manager

 

Heinz Leuthe

Plettenbergstr. 47

72172 Sulz

having sole power of representation

born 15.07.1932

Marital status: married

 

Manager:

Wolfgang Leuthe

Lochenstr. 18

72172 Sulz

having sole power of representation

born 13.05.1957

Marital status: married

spouse      Gertrud Leuthe

 

Manager:

Frank Leuthe

Plettenbergstr. 47

72172 Sulz

having sole power of representation

born 09.10.1967

Marital status: single

 

 

Proxy

 

Peter Regitz

Im Öschle 47

78727 Oberndorf

authorized to jointly represent the company

born 14.02.1967

Occupation: Businessman

Marital status: married

 

 

Further functions/participations of Heinz Leuthe (Manager)

 

General Partner:

Bauherrengemeinschaft Heinz Leuthe, Frank

Leuthe + Wolfgang Leuthe

Gottlieb-Daimler-Str. 15

72172 Sulz

Legal form: Partnership under the Civil

Code

 

 

Further functions/participations of Wolfgang Leuthe (Manager)

 

General Partner:

Bauherrengemeinschaft Heinz Leuthe, Frank

Leuthe + Wolfgang Leuthe

Gottlieb-Daimler-Str. 15

72172 Sulz

Legal form: Partnership under the Civil

Code

 

 

 Further functions/participations of Frank Leuthe (Manager)

 

General Partner:

Bauherrengemeinschaft Heinz Leuthe, Frank

Leuthe + Wolfgang Leuthe

Gottlieb-Daimler-Str. 15

72172 Sulz

Legal form: Partnership under the Civil

Code

 

 

BUSINESS ACTIVITIES

 

51522

WHOLESALE TRADE IN IRON, STEEL AND IRON AND STEEL SEMI-FINISHED

 PRODUCTS

 

 

BRANCHES AND FACTORIES

 

Branch:

EDELSTAHLSERVICE Gesellschaft mbH Sulz,

Niederlassung Borna

Geschwister-Scholl-Str. 5

04552 Borna

 

Branch:

EDELSTAHLSERVICE Gesellschaft mbH

*Niederlassung*

Augustenstr. 10a

70178 Stuttgart

 

Branch:

EDELSTAHLSERVICE Gesellschaft mbH

Karl-Kleppe-Str. 14

40474 Düsseldorf

 

Branch:

EDELSTAHLSERVICE Gesellschaft mbH

Tuchmacherstr. 48 b

14482 Potsdam

 

Branch:

EDELSTAHLSERVICE Gesellschaft mbH

An der Bahn 4

22844 Norderstedt

 

 

FINANCIAL INFORMATION

 

 Solvency rating:      1,9

 Payment experience:  within agreed terms

 Trend of business:   constant

 Order position:      satisfactory

 

 

 REAL ESTATE

 

Type of ownership:   Tenant

 Address              An der Bahn 4

                      22844 Norderstedt

 

 Type of ownership:   proprietor

 Share:                100,00 %

 Address              Gottlieb-Daimler-Str. 6-8

                      72172 Sulz

 

 Type of ownership:   Tenant

 Address              Geschwister-Scholl-Str. 5

                      04552 Borna

 

 

 

 Type of ownership:   Tenant

 Address              Augustenstr. 10a

                      70178 Stuttgart

 

 Type of ownership:   Tenant

 Address              Karl-Kleppe-Str. 14

                      40474 Düsseldorf

 

 Type of ownership:   Tenant

 Address              Tuchmacherstr. 48 b

                      14482 Potsdam

 

 Land register documents were not available.

 

 

BANKERS

 

 KREISSPARKASSE FREUDENSTADT, HORB AM NECKAR

 Sort. code: 64251060

 LANDESBANK BADEN-WÜRTTEMBERG, MANNHEIM

 Sort. code: 67050000

 DEUTSCHE BANK, ALBSTADT, WÜRTT

 Sort. code: 65370075

 DRESDNER BANK, FREUDENSTADT

 Sort. code: 60080000

 

 

FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:                                  2006                 EUR         27.000.000,00

                                                2007                 EUR         28.000.000,00

 Expected turnover:                    2008                 EUR         28.000.000,00

 Share capital:                                                   EUR            500.000,00

 Value of stocks:                                                            EUR          3.070.000,00

 Equipment:                                                       EUR            500.000,00

 Ac/ts receivable:                                                           EUR          2.810.000,00

 Liabilities:                                                         EUR            460.000,00

 Employees:                                                     52

 

 

 


 

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