MIRA INFORM REPORT

 

 

 

Report Date :

11.11.2008

 

IDENTIFICATION DETAILS

 

Name :

WEIPACK PACKAGING GROUP E. K.

 

 

Registered Office :

Maybachstr. 33 90441 Nürnberg

 

 

Country :

Germany

 

 

Date of Incorporation :

26.10.2005

 

 

Com. Reg. No.:

HRA 14332

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Packaging Activities

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

Litigation :

Clear

 


name & address

 

WEIPACK Packaging Group e. K.

Maybachstr. 33

90441 Nürnberg

Telephone: 0911/39480-0

Telefax:   0911/39480-29

E-Mail:    info@weipack.de

 

 

VAT no.           

 

 DE244714837

 

 

CONCLUSION

 

Business relations on credit basis are not permissible.

 

 

LEGAL FORM          

 

Sole proprietorship

 

 

Date of foundation

 

26.10.2005

 

 

Registered on    

 

11.10.2006

 

 

Register of  companies

 

Local court 90402 NÜRNBERG

under:               HRA 14332

 

Proprietor

 

Horst Heino Weidner

Barlachstr. 9a

90455 Nürnberg

born 30.04.1946

Occupation: graduate engineer

Marital status: widowed

Detention warrant:

Amount                last entry:

1                 08.01.2008

 

 

BUSINESS HISTORY

 

26.10.2005           WEIPACK Packaging Group e. K. (AG Fürth,

                      HRA 8400)

                      Nürnberger Str. 134

                      90762 Fürth

                      Sole proprietorship

 11.10.2006           WEIPACK Packaging Group e. K.

                      Maybachstr. 33

                      90441 Nürnberg

                      Sole proprietorship

 

 

 BUSINESS ACTIVITIES

 

 8292

 Packaging activities

 

 

FINANCIAL INFORMATION

 

Payment experience:  negative information

 

 

REAL ESTATE

 

Type of ownership:   Tenant

 Address              Maybachstr. 33

                      90441 Nürnberg

 

 Land register documents were not available.

 

 

BANKERS

 

 RAIFFEISEN-VOLKSBANK FÜRTH, FÜRTH, BAY

 Sort. code: 76260451, Account No: 28061

 DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN, FÜRTH, BAY

 Sort. code: 76070024, Account No: 7243306

 

 


FIGURES

 

 Financial year:      01.01. - 31.12.

 Employees:                      2

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.47.32

UK Pound

1

Rs.74.20

Euro

1

Rs.60.73

 

 

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