MIRA INFORM REPORT

 

 

 

 

Report Date :

25.04.2011

 

 

Note: to your inquiry of 02.03.2010.

 

 

Company name & address  

 

CONTEMPO Goods Trading Connections GmbH

 

 

Main address:

Waldstr. 23

D 63128 Dietzenbach

Telephone:        06074/4007630

Telefax:             06074/40076340

Homepage:        www.contempo.de

E-mail:              info@contempo.de

 

 

VAT no.          

 

DE187953433

 

 

CONCLUSION

 

Business relations are permissible.

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         22.05.1997

Shareholders'

agreement:                    22.05.1997

Registered on:               27.09.2001

Commercial Register:     Local court 63065 Offenbach

under:                                       HRB 12075

Share capital:                 EUR            500.000,00

 

 

Shareholder

 

Gudrun Roozen

Im Wiesenring 22

D 63150 Heusenstamm

born: 28.09.1940

Share:             EUR            357.150,00

 

Shareholder:

Christoffer Roozen

Weiskircher Weg 7

D 63150 Heusenstamm

born: 06.06.1971

Share:             EUR            142.850,00

 

 

Manager

 

Christoffer Roozen

Weiskircher Weg 7

D 63150 Heusenstamm

having sole power of representation

born: 06.06.1971

Profession: Businessman

 

 

COMPANY HISTORY

 

 22.05.1997 - 26.09.2001  CONTEMPO Goods Trading Connections GmbH

                          Berrenrather Str. 124

                          D 50354 Hürth

                          Private limited company

 27.09.2001 - 05.12.2010  CONTEMPO Goods Trading Connections GmbH

                          Messenhäuser Str. 24

                          D 63128 Dietzenbach

                          Private limited company

 06.12.2010 - 27.01.2011  CONTEMPO Goods Trading Connections GmbH

                          Waldstr. 23

                          D 63128 Dietzenbach

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

4690   Non-specialized wholesale trade

96090   Other service activities n. e. c.

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            148.000 EUR

 

Balance sheet year:       2009

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Waldstr. 23

D 63128 Dietzenbach

 

Land register documents were not available.

 

 

BANKERS

 

KREISSPARKASSE KÖLN, FRECHEN

Sort. code: 37050299, BIC: COKSDE33XXX

 

 

FINANCIAL FIGURES

 

 Turnover:            2009               EUR          9.500.000,00

                      2010               EUR          8.700.000,00

 further business figures:

 Employees:                                                     89

 - thereof permanent staff:                                     89

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 2009

 Equity ratio [%]:                 44,40

 Liquidity ratio:                   1,50

 Return on total capital [%]:       4,11

 

 

 Balance sheet ratios 2008

 Equity ratio [%]:                 47,04

 Liquidity ratio:                   1,20

 Return on total capital [%]:       0,11

 

 Balance sheet ratios 2007

 Equity ratio [%]:                 39,85

 Liquidity ratio:                   1,63

 Return on total capital [%]:       7,50

 

Equity ratio

The equity ratio indicates the portion of the equity as compared to the total capital. The higher the equity ratio, the better the economic stability (solvency) and thus the financial autonomy of a company.

 

Liquidity ratio

The liquidity ratio shows the proportion between adjusted receivables and net liabilities. The higher the ratio, the lower the company's financial dependancy from external creditors.

 

Return on total capital

The return on total capital shows the efficiency and return on the total capital employed in the company. The higher the return on total capital, the more economically does the company work with the invested capital.

 

Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          4.108.176,06

  Fixed assets                           EUR             79.756,50

   Intangible assets                     EUR              3.439,00

   Tangible assets                       EUR             70.317,50

   Financial assets                      EUR              6.000,00

  Current assets                         EUR          3.977.636,04

   Stocks                                EUR          1.285.129,09

   Accounts receivable                   EUR          2.600.602,30

   Liquid means                          EUR             91.904,65

  Remaining other assets                 EUR             50.783,52

   Accruals (assets)                     EUR             50.783,52

 

 LIABILITIES                             EUR          4.108.176,06

  Shareholders' equity                   EUR          1.824.936,78

   Capital                               EUR            500.000,00

    Subscribed capital (share capital)   EUR            500.000,00

   Balance sheet profit/loss (+/-)       EUR          1.324.936,78

    Profit / loss brought forward        EUR          1.156.352,58

    Annual surplus / annual deficit      EUR            168.584,20

  Provisions                             EUR            462.401,36

  Liabilities                            EUR          1.820.837,92

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR          3.518.258,04

  Fixed assets                           EUR             89.762,00

   Intangible assets                     EUR              4.678,00

    Concessions, licences, rights        EUR              4.678,00

   Tangible assets                       EUR             79.084,00

    Other tangible assets / fixtures and

    fittings                             EUR             79.084,00

   Financial assets                      EUR              6.000,00

    Other loans                          EUR              6.000,00

  Current assets                         EUR          3.390.594,12

   Stocks                                EUR          1.524.002,45

    Finished goods / work in progress    EUR          1.524.002,45

   Accounts receivable                   EUR          1.820.196,65

    Trade debtors                        EUR          1.548.382,86

    Other debtors and assets             EUR            271.813,79

   Liquid means                          EUR             46.395,02

  Remaining other assets                 EUR             37.901,92

   Accruals (assets)                     EUR             37.901,92

 

 LIABILITIES                             EUR          3.518.258,04

  Shareholders' equity                   EUR          1.656.352,58

   Capital                               EUR            500.000,00

    Subscribed capital (share capital)   EUR            500.000,00

   Balance sheet profit/loss (+/-)       EUR          1.156.352,58

    Profit / loss brought forward        EUR          1.152.584,16

    Annual surplus / annual deficit      EUR              3.768,42

  Provisions                             EUR            295.198,72

   Provisions for taxes                  EUR             24.663,90

   Other / unspecified provisions        EUR            270.534,82

  Liabilities                            EUR          1.566.706,74

   Financial debts                       EUR            463.746,23

    Liabilities due to banks             EUR            463.746,23

   Other liabilities                     EUR          1.102.960,51

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            545.786,64

    Notes payable                        EUR            429.750,41

    Unspecified other liabilities        EUR            127.423,46

     thereof liabilities from tax /

     financial authorities               EUR             30.237,92

     thereof liabilities from social

     security                            EUR             17.363,85

 

 Profit and loss account (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR          8.074.611,12

  Other operating income                 EUR            222.284,10

  Cost of materials                      EUR          4.519.001,57

   Raw materials and supplies, purchased

   goods                                 EUR          4.509.280,54

   Purchased services                    EUR              9.721,03

  Gross result (+/-)                     EUR          3.777.893,65

  Staff expenses                         EUR          1.591.975,99

   Wages and salaries                    EUR          1.344.958,55

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            247.017,44

  Total depreciation                     EUR             16.853,41

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR             16.853,41

  Other operating expenses               EUR          2.140.189,58

  Operating result from continuing

  operations                             EUR             28.874,67

  Interest result (+/-)                  EUR            -29.652,85

   Interest and similar income           EUR              2.352,77

   Interest and similar expenses         EUR             32.005,62

  Financial result (+/-)                 EUR            -29.652,85

  Result from ordinary operations (+/-)  EUR               -778,18

  Income tax / refund of income tax (+/-)EUR              6.443,30

  Other taxes / refund of taxes          EUR             -1.896,70

  Tax (+/-)                              EUR              4.546,60

  Annual surplus / annual deficit        EUR              3.768,42

MIRA INFORM REPORT

 

 

Report Date :

05.03.2010

 

IDENTIFICATION DETAILS

 

Name :

CONTEMPO GOODS TRADING CONNECTIONS GMBH

 

 

Registered Office :

Messenhäuser Str. 24, 63128 Dietzenbach

 

 

Country :

Germany

 

 

Date of Incorporation :

22.05.1997

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Non-specialized wholesale trade

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

EUR 150.000,00

 

 

Status :

Good

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear


COMPNAY NAME & ADDRESS

 

CONTEMPO GOODS TRADING CONNECTIONS GMBH

Messenhäuser Str. 24

63128 Dietzenbach

Telephone:        06074/4007630

Telefax:             06074/40076340

Homepage:        www.contempo.de

E-Mail:              info@contempo.de

 

 

VAT no.

 

DE187953433

 

 

CONCLUSION

 

The maximum credit is EUR 150.000,00.

Business relations are permissible.

 

 

SUMMARY

 

 LEGAL FORM              Private limited company

 Date of foundation:        22.05.1997

 Shareholders' agree-

 ment:                           22.05.1997

 Registered on:              27.09.2001

 Commercial Register:    Local court 63065 OFFENBACH A.MAIN

 under:                          HRB 12075

 Share capital:                          EUR            500.000,00

 

 

Shareholder

 

                      Gudrun Roozen

                      Im Wiesenring 22

                      63150 Heusenstamm

                      born 28.09.1940

                      Share:             EUR            357.150,00

Shareholder:

                      Christoffer Roozen

                      Weiskircher Weg 7

                      63150 Heusenstamm

                      born 06.06.1971

                      Share:             EUR            142.850,00

 

 

Manager

 

                      Christoffer Roozen

                      Weiskircher Weg 7

                      63150 Heusenstamm

                      having sole power of representation

                      born 06.06.1971

                      Occupation: Businessman

 

 

BUSINESS HISTORY

 

 22.05.1997   CONTEMPO Goods Trading Connections GmbH

                      Berrenrather Str. 124

                      50354 Hürth

                      Private limited company

 

 27.09.2001   CONTEMPO Goods Trading Connections GmbH

                      Messenhäuser Str. 24

                      63128 Dietzenbach

                      Private limited company

 

 

BUSINESS ACTIVITIES

 

4690

Non-specialized wholesale trade

96090

Other service activities n. e. c.

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Messenhäuser Str. 24

                                    63128 Dietzenbach

 

 Land register documents were not available.

 

 

BANKERS

 

KREISSPARKASSE KÖLN, FRECHEN

Sort. code: 37050299

 

 

FIGURES

 

 Financial year:      01.01. - 31.12.

 Share capital:                          EUR            500.000,00

 Value of stocks:                        EUR          1.271.803,00

 Equipment:                              EUR             47.342,00

 Ac/ts receivable:                       EUR          2.916.012,00

 Liabilities:                            EUR          1.966.504,00

 Employees:                                                     89

 - Salaried employees:                                          18

 - Workers:                                                     71

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.30

UK Pound

1

Rs.72.92

Euro

1

Rs.64.69

 

 

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

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

----

NB

New Business

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.