MIRA INFORM REPORT

 

 

Report Date :           

27.04.2011

 

IDENTIFICATION DETAILS

 

Name :

HANS-FRIEDRICH SCHULTE

 

 

Registered Office :

Auf dem Sandfeld 17, D 40882 Ratingen

 

 

Country :

Germany

 

 

Date of Incorporation :

01.01.1996

 

 

Legal Form :

Unregistered Commercial Enterprise

 

 

Line of Business :

Wholesale of iron ores, iron, steel and iron and steel semi-finished goods

 

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 :

72.000 EUR      

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Germany

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

Company name & address  

 

Hans-Friedrich Schulte

 

Main address:

Auf dem Sandfeld 17

D 40882 Ratingen

Telephone:        02102/83031

Telefax:             02102/841723

E-mail:              hfs-schulte@t-online.de

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Unregistered commercial enterprise

Date of foundation:         01.01.1996

 

 

Proprietor

 

Hans-Friedrich Schulte

Werdener Str. 9

D 40878 Ratingen

born: 28.03.1944

Profession: Businessman

Property regime: Statutory matrimonial

property regime

Marital status: married

 

 

Further functions/participations of Hans-Friedrich Schulte (Proprietor)

 

Manager:

Strandhöft Hafenbetrieb GmbH

Hübenerstr. 17

D 20457 Hamburg

Legal form: Private limited company

dissolved by official decree

Share capital:     EUR             25.564,59

Registered

on:         18.02.1971

Reg. data:  20355 Hamburg, HRB 13848

 

 

COMPANY HISTORY

 

01.01.1996 - 2002        Hans-Friedrich Schulte

                          Werdener Str. 9

                          D 40878 Ratingen

                          Unregistered commercial enterprise

 2003 - 01.02.2010        Hans-Friedrich Schulte

                          Düsseldorfer Str. 89

                          D 40878 Ratingen

                          Unregistered commercial enterprise

 01.02.2010 - 01.02.2010  Hans-Friedrich Schulte

                          Auf dem Sandfeld 17

                          D 40882 Ratingen

                          Unregistered commercial enterprise

 

 

BUSINESS ACTIVITIES

 

Secondary industrial sector

 46721   Wholesale of iron ores, iron, steel and iron and steel semi-finished goods

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            72.000 EUR      

 

 

REAL ESTATE

 

Type of ownership:   Tenant

 Address              Auf dem Sandfeld 17

                         D 40882 Ratingen

 

 Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, DÜSSELDORF

Sort. code: 30070010, BIC: DEUTDEDDXXX

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2009               EUR          3.450.000,00

                      2010               EUR          3.600.000,00

 further business figures:

 Equipment:                              EUR             20.000,00

 Total numbers of vehicles:                                      1

 Employees:                                                      1

 - thereof permanent staff:                                      1

 

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.44.59

UK Pound

1

Rs.73.44

Euro

1

Rs.64.81

 

 

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.