MIRA INFORM REPORT

 

 

Report Date :

27.10.2008

 

IDENTIFICATION DETAILS

 

Name :

IMPRESSIONEN VERSAND GMBH

 

 

Registered Office :

Strandbaddamm 2-4 22880 Wedel

 

 

Country :

Germany

 

 

Date of Incorporation :

04.07.1988

 

 

Com. Reg. No.:

HRB 4044 PI

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Other Retail Sale via Mail-Order Houses or Internet

Activities of Holding Companies

 

 

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 50.000,00.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

name & address

 

IMPRESSIONEN Versand GmbH

Strandbaddamm 2-4

22880 Wedel

Telephone: 04103/809-0

Telefax    :   04103/809-2

Homepage:  www.impressionen.de

E-Mail:    webmaster@impressionen.de

 

 

VAT no.        

 

DE134528806

 

CONCLUSION

 

 The maximum credit is EUR 50.000,00.

 Business relations are permissible.

 

 

LEGAL FORM          

 

Private limited company

 

 

Date of foundation:

 

04.07.1988

 

 

Begin of Business activities

 

04.07.1988

 

 

Shareholders' agreement         

 

04.07.1988

 

 

Registered on   

 

27.03.1996

 

 

Commercial Register

 

Local court 25421 PINNEBERG

under:               HRB 4044 PI

 

 

Share capital                         

 

EUR            767.000,00

 

 

Shareholder

 

Schneider Versand GmbH

Strandbaddamm 2-4

22880 Wedel

Legal form: Private limited company

Share capital:     EUR             25.000,00

Share:             EUR            767.000,00

Reg. Data:  07.03.2006

HRB 6369 PI

25421 PINNEBERG

Employees:                               582

Profit transfer agreement

 

 

Manager

 

Bettina Kawall

25474 Hasloh

authorized to jointly represent the company

born: Göpfert

Occupation: Specialist in wholesale and

retail trade

 

Manager:

Marcus Kahl

20095 Hamburg

authorized to jointly represent the company

born 25.03.1964

 

 

BUSINESS HISTORY

 

Beginning of business activities:04.07.1988

 05.08.1996     Beteiligungsgesellschaft IMPRESSIONEN

                      Versand mbH

                      Strandbaddamm 4

                      22880 Wedel

                      Private limited company

 

 

BUSINESS ACTIVITIES

 

 47919

 Other retail sale via mail-order houses or Internet

 64200

 Activities of holding companies

 

 

FINANCIAL INFORMATION

 

Payment experience:  cash discount/within agreed terms

 Trend of business:   positive

 Order position:      good

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Strandbaddamm 2-4

                      22880 Wedel

 

 Land register documents were not available.

 

 

BANKERS

 

 DEUTSCHE BANK, HAMBURG

 Sort. code: 20070000

 

 

FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2006               EUR        225.556.453,00

 Share capital:                            EUR            767.000,00

 Employees:                                                    575

 Branch number:       47919 / 64200

 Profit transfer agreement with:

                      Schneider Versand GmbH

                      22880 Wedel

 

 Approximate figures are given.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.77

UK Pound

1

Rs.79.78

Euro

1

Rs.63.36

 

 

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