MIRA INFORM REPORT

 

 

Report Date :

28.11.2008

 

IDENTIFICATION DETAILS

 

Name :

SAEILO DEUTSCHLAND GMBH WERKZEUGMASCHINEN

 

 

Registered Office :

Hauptstr. 68 35585 Wetzlar

 

 

Country :

Germany

 

 

Date of Incorporation :

14.08.1981

 

 

Com. Reg. No.:

HRB 1914

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of Machine Tools

 

 

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 156.500,00.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

name & address

 

SAEILO Deutschland GmbH Werkzeugmaschinen

Hauptstr. 68

35585 Wetzlar

Telephone:        046/9247-0

Telefax:                         06446/9247-33

Homepage:        www.saeilo.de

E-Mail:              Info@saeilo.de

 

 

VAT no.            

 

DE811302762

 

 

Tax ID number   

 

 020 243 00224

 

 

CONCLUSION

 

 The maximum credit is EUR 156.500,00.

 Business relations are permissible.

 

 

LEGAL FORM          

 

Private limited company

 

 

Date of foundation

 

14.08.1981

 

 

Registered on

 

25.07.1996

 

 

Commercial Register

 

Local court 35578 WETZLAR

under:               HRB 1914

 

Share capital

 

EUR          1.022.583,76

 

 

Shareholder

 

IIC Inter-Industrial Holding Corp Ltd.

CH 8512 Glattbrugg-Zürich

Legal form: Other legal form

Share:             EUR          1.022.583,76

 

 

Manager

 

Christian Seeburger

Holzheimer Str. 81

35428 Langgöns

having sole power of representation

 

 

BUSINESS HISTORY

 

 20.08.1981           SAEILO Deutschland GmbH Werkzeugmaschinen

                      Friedrich-Krupp-Str. 16-18

                      41564 Kaarst

                      Private limited company

 05.04.1995           SAEILO Deutschland GmbH Werkzeugmaschinen

                      Aulweg 38-47

                      35392 Gießen

                      Private limited company

 

 

BUSINESS ACTIVITIES

 

 46620

 Wholesale of machine tools

 

 

FINANCIAL INFORMATION

 

Payment experience:  without complaints

 

 

REAL ESTATE

 

Type of ownership:   Tenant

 Address              Hauptstr. 68

                      35585 Wetzlar

 Rent:                                   EUR             60.000,00

 

 Land register documents were not available.

 

 

 BANKERS

 

 DRESDNER BANK, GIEßEN, LAHN

 Sort. code: 51380040

 SPARKASSE WETZLAR, WETZLAR

 Sort. code: 51550035

 

 

FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:                      2007                 EUR          9.200.000,00

 Expected turnover:        2008                 EUR          9.200.000,00

 Share capital:                                       EUR          1.022.583,76

 Value of stocks:                                                EUR            920.000,00

 Equipment:                                           EUR            128.000,00

 Total number of vehicles:                                               11

 - Cars (owned):                                                                         6

 - Cars (leased):                                                             5

 Employees:                                                                  30

 

 Approximate figures are given.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.84

UK Pound

1

Rs.76.81

Euro

1

Rs.64.38

 

 

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