MIRA INFORM REPORT

 

 

Report Date :           

20.08.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

H. & M. GUTBERLET GMBH

 

 

Registered Office :

Max-Brod-Str. 11, D 90471 Nürnberg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

28.09.1982

 

 

Com. Reg. No.:

HRB 5787

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of perfumes and toilet preparations

 

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 :

54,500 EUR

Status :

Satisfactory

Payment Behaviour :

Usually Correct 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Germany

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name & address

 

h. & m. gutberlet gmbh

 

Main address:

Max-Brod-Str. 11

D 90471 Nürnberg

Telephone:        0911/818770

Telefax:             0911/8187797

Homepage:        www.gutberlet.com

E-mail:                          info@gutberlet.com

 

 

VAT no

 

DE133517927

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

 LEGAL FORM              Private limited company

 Date of foundation:        1960

 Shareholders'

 agreement:                   04.08.1982

 Registered on:              28.09.1982

 Commercial Register:    Local court 90402 Nürnberg

 under:                          HRB 5787

 Share capital:                 EUR            200,000.00

 

 

Shareholder

 

Michael Gutberlet

Hans-Fallada-Str. 183

D 90471 Nürnberg

born: 04.05.1957

Share:             EUR            128,000.00

Shareholder:

Detlev Gutberlet

Amberger Str. 37

D 90518 Altdorf

born: 02.08.1954

Share:             EUR             72,000.00

 

 

Manager

 

Michael Gutberlet

Hans-Fallada-Str. 183

D 90471 Nürnberg

having sole power of representation

born: 04.05.1957

Profession: Businessman

Marital status: married

 

Manager:

Detlev Gutberlet

Amberger Str. 37

D 90518 Altdorf

having sole power of representation

born: 02.08.1954

Profession: Businessman

Marital status: married

 

 

COMPANY HISTORY

 

 04.08.1982 - 11.04.2007  h. & m. gutberlet gmbh

                          industrievertretungen c.d.h.

                          Max-Brod-Str. 11

                          D 90471 Nürnberg

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

20420   Manufacture of perfumes and toilet preparations

46450   Wholesale of perfume and cosmetics

70109   Other activities of head offices

 

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            54,500 EUR

 

Balance sheet year:       2009

 

 

REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Max-Brod-Str. 11

                                    D 90471 Nürnberg

 

Land register documents were not available.

 

 

BANKERS

 

UNICREDIT BANK - HYPOVEREINSBANK, NÜRNBERG, MITTELFR

Sort. code: 76020070, Account no.: 4360122250, BIC: HYVEDEMM460

 

COMMERZBANK VORMALS DRESDNER BANK, NÜRNBERG, MITTELFR

Sort. code: 76080040, Account no.: 0281641600, BIC: DRESDEFF760

 

 

FINANCIAL FIGURES

 

 Turnover:            2009               EUR          3,000,000.00

                      2010               EUR          3,210,000.00

 further business figures:

 Ac/ts receivable:                       EUR            412,462.00

 Liabillities:                           EUR          1,103,959.00

 Total numbers of vehicles:                                      8

 Employees:                                                     30

 

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

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 14.19

 Liquidity ratio:                   0.59

 Return on total capital [%]:     -10.85

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 22.79

 Liquidity ratio:                   1.08

 Return on total capital [%]:      -2.03

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 52.00

 Liquidity ratio:                  10.00

 Return on total capital [%]:      11.00

 

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          2,472,761.51

  Fixed assets                           EUR            671,718.00

   Intangible assets                     EUR             35,021.00

    Other / unspecified intangible assetsEUR             35,021.00

   Tangible assets                       EUR            257,303.00

    Other / unspecified tangible assets  EUR            257,303.00

   Financial assets                      EUR            379,394.00

    Other / unspecified financial assets EUR            379,394.00

  Current assets                         EUR          1,727,284.80

   Stocks                                EUR            906,159.39

   Accounts receivable                   EUR            412,462.06

    Other debtors and assets             EUR            412,462.06

   Liquid means                          EUR            408,663.35

  Remaining other assets                 EUR             73,758.71

   Accruals (assets)                     EUR             73,758.71

 

 LIABILITIES                             EUR          2,472,761.51

  Shareholders' equity                   EUR            365,918.24

   Capital                               EUR            100,000.00

    Subscribed capital (share capital)   EUR            100,000.00

   Balance sheet profit/loss (+/-)       EUR            265,918.24

    Balance sheet profit / loss          EUR            265,918.24

  Provisions                             EUR          1,002,884.00

  Liabilities                            EUR          1,103,959.27

   Other liabilities                     EUR          1,103,959.27

    Unspecified other liabilities        EUR          1,103,959.27

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR          2,735,659.05

  Fixed assets                           EUR            587,598.00

   Intangible assets                     EUR             23,005.00

   Tangible assets                       EUR            227,250.00

   Financial assets                      EUR            337,343.00

  Current assets                         EUR          2,069,874.96

   Stocks                                EUR            837,166.87

   Accounts receivable                   EUR            414,801.86

   Investments in current assets         EUR                  0.00

   Liquid means                          EUR            817,906.23

  Remaining other assets                 EUR             78,186.09

   Accruals (assets)                     EUR             78,186.09

 

 LIABILITIES                             EUR          2,735,659.05

  Shareholders' equity                   EUR            632,288.31

   Capital                               EUR            100,000.00

    Subscribed capital (share capital)   EUR            100,000.00

   Balance sheet profit/loss (+/-)       EUR            532,288.31

    Balance sheet profit / loss          EUR            532,288.31

  Provisions                             EUR            899,079.18

  Liabilities                            EUR          1,202,791.56

  Other liabilities                      EUR              1,500.00

   Deferrals (liabilities)               EUR              1,500.00

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.61

UK Pound

1

Rs.75.32

Euro

1

Rs.65.68

 

 

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.