MIRA INFORM REPORT

 

 

Report Date :           

28.04.2011

 

IDENTIFICATION DETAILS

 

Name :

JUSTUS BECKER & CO. GMBH

 

 

Registered Office :

Wiesengrund 4, D 28865 Lilienthal

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

03.03.1993

 

 

Com. Reg. No.:

HRB 120848

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of made-up textiles (except apparel)

 

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 :

10.000 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

 

Justus Becker & Co. GmbH

 

Main address:

Wiesengrund 4

D 28865 Lilienthal

Telephone:        04208/1791

Telefax:             04208/895787

E-mail:              justusbecker@yahoo.de

 

 

VAT no.        

 

DE156281095

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         25.01.1993

Shareholders'

agreement:                    25.01.1993

Registered on:               03.03.1993

Commercial Register:     Local court 29664 Walsrode

under:                                       HRB 120848

Share capital                 EUR             25.564,60

 

 

Shareholder

 

Ingrid Heine

D 28865 Lilienthal

née: Groth

Share:             EUR             20.451,68

 

Shareholder:

Carola Adriane Heine

Weitzmühlener Weg 32

D 28325 Bremen

born: 19.07.1969

Share:             EUR              5.112,92

 

 

Manager

 

Ingrid Heine

D 28865 Lilienthal

having sole power of representation

née: Groth

 

 

BUSINESS ACTIVITIES

 

Sectors

13920   Manufacture of made-up textiles (except apparel)

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

 

 Negative information:     We have no negative information at hand.

 

 Maximum credit:           10.000 EUR

 

Balance sheet year:       2009

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Wiesengrund 4

                                    D 28865 Lilienthal

 

Land register documents were not available.

 

 

BANKERS

 

KREISSPARKASSE OSTERHOLZ, OSTERHOLZ-SCHARMBECK

Sort. code: 29152300, BIC: BRLADE21OHZ

 

 

FINANCIAL FIGURES

 

 Turnover:            2009               EUR            500.000,00

                      2010               EUR            500.000,00

 further business figures:

 Employees:                                                      3

 

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 [%]:                 98,36

 Liquidity ratio:                  10,00

 Return on total capital [%]:       4,64

 

 

 Balance sheet ratios 2008

 Equity ratio [%]:                 98,04

 Liquidity ratio:                  10,00

 Return on total capital [%]:      -8,89

 

 Balance sheet ratios 2007

 Equity ratio [%]:                 90,39

 Liquidity ratio:                  10,00

 Return on total capital [%]:      16,91

 

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            373.137,21

  Fixed assets                           EUR              9.725,00

   Tangible assets                       EUR              9.725,00

  Current assets                         EUR            163.038,43

   Stocks                                EUR              6.892,94

   Accounts receivable                   EUR             47.834,08

   Liquid means                          EUR            108.311,41

  Remaining other assets                 EUR            200.373,78

   Accruals (assets)                     EUR                430,22

   Deficit not covered by shareholders'

   equity                                EUR            199.943,56

 

 LIABILITIES                             EUR            373.137,21

  Shareholders' equity                   EUR                  0,00

   Capital                               EUR             25.564,59

    Subscribed capital (share capital)   EUR             25.564,59

   Balance sheet profit/loss (+/-)       EUR           -225.508,15

    Balance sheet profit / loss          EUR           -225.508,15

   Other shareholders' equity (+/-)      EUR            199.943,56

    Deficit not covered by shareholders'

    equity                               EUR            199.943,56

  Provisions                             EUR              2.400,00

  Liabilities                            EUR            370.737,21

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR            377.010,12

  Fixed assets                           EUR             17.545,50

   Tangible assets                       EUR             17.545,50

  Current assets                         EUR            151.062,76

   Stocks                                EUR              6.892,94

   Accounts receivable                   EUR             19.546,33

   Liquid means                          EUR            124.623,49

  Remaining other assets                 EUR            208.401,86

   Accruals (assets)                     EUR                416,15

   Deficit not covered by shareholders'

   equity                                EUR            207.985,71

 

 LIABILITIES                             EUR            377.010,12

  Shareholders' equity                   EUR                  0,00

   Capital                               EUR             25.564,59

    Subscribed capital (share capital)   EUR             25.564,59

   Balance sheet profit/loss (+/-)       EUR           -233.550,30

    Balance sheet profit / loss          EUR           -233.550,30

   Other shareholders' equity (+/-)      EUR            207.985,71

    Deficit not covered by shareholders'

    equity                               EUR            207.985,71

  Provisions                             EUR              2.400,00

  Liabilities                            EUR            374.610,12

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.40

UK Pound

1

Rs.73.26

Euro

1

Rs.65.17

 

 

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.