MIRA INFORM REPORT
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Report Date : |
24.08.2011 |
IDENTIFICATION DETAILS
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Name : |
JOSEF KRÜCKELS TEXTILMASCHINEN GMBH |
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Registered Office : |
Volksbadstr.
85, D 41065 Mönchengladbach, Post Box 10 08 07, D 41008 Mönchengladbach |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
10.12.1976 |
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Com. Reg. No.: |
HRB 799 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer of
other general-purpose machinery |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
25,000 EUR |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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) |
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Germany |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Josef Krückels Textilmaschinen GmbH
Main address:
Volksbadstr. 85
D 41065 Mönchengladbach
Post Box:
10 08 07, D 41008 Mönchengladbach
Telephone: 02161/492680
Telefax: 02161/48544
Homepage: www.kruckels.com
E-mail: josef@kruckels.com
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 1976
Shareholders'
agreement: 27.10.1976
Registered on: 10.12.1976
Commercial Register: Local
court 41061 Mönchengladbach
under: HRB 799
Share capital:
EUR 126,500.00
Shareholder
Paul-Christoph Krückels
Winandsdelle 12
D 41063 Mönchengladbach
born: 23.02.1957
Share: EUR 126,500.00
Manager
Paul-Christoph Krückels
Winandsdelle 12
D 41063 Mönchengladbach
born: 23.02.1957
Profession: Businessman
Marital status: married
Further functions/participations of Paul-Christoph Krückels
(Manager)
Limited partner:
Josef
Krückels GmbH & Co. KG
Textilmaschinen-Handelsgesellschaft
Prinzenstr. 47
D
41065 Mönchengladbach
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 130,000.00
contribution:
Share: EUR 130,000.00
Registered
on: 08.06.1979
Reg.
data: 41061 Mönchengladbach, HRA 2314
Limited partner:
Paul Christoph Krückels
GmbH & Co. KG
Winandsdelle 12
D
41063 Mönchengladbach
Legal
form: Ltd partnership with priv. ltd.
company as general partner
dissolved
Total
cap. EUR 10,225.84
contribution:
Share: EUR 10,225.84
Registered
on: 09.11.1999
Reg.
data: 41061 Mönchengladbach, HRA 3529
Shareholder:
KBV
Krückels Beteiligungsgesellschaft mbH
Volksbadstr. 85
D 41065
Mönchengladbach
Legal
form: Private limited company
dissolved
Share
capital: EUR 26,075.89
Share: EUR 26,075.89
Registered
on: 28.12.1978
Reg.
data: 41061 Mönchengladbach, HRB 1176
Shareholder:
PCK
Beteiligungs-GmbH
Winandsdelle 12
D 41063 Mönchengladbach
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 02.11.1999
Reg.
data: 41061 Mönchengladbach, HRB 6238
Manager:
PCK
Beteiligungs-GmbH
Winandsdelle 12
D
41063 Mönchengladbach
Legal form: Private limited
company
Share
capital: EUR 25,000.00
Registered
on: 02.11.1999
Reg.
data: 41061 Mönchengladbach, HRB 6238
Manager:
KBV
Krückels Beteiligungsgesellschaft mbH
Volksbadstr. 85
D
41065 Mönchengladbach
Legal
form: Private limited company
dissolved
Share
capital: EUR 26,075.89
Registered
on: 28.12.1978
Reg.
data: 41061 Mönchengladbach, HRB 1176
COMPANY HISTORY
20.12.1976 - 02.12.1988 Krückels Verwaltungsgesellschaft mit
beschränkter Haftung
Volksbadstr. 85
D
41065 Mönchengladbach
Private limited company
BUSINESS ACTIVITIES
Sectors
28290 Manufacture
of other general-purpose machinery
46141 Agents
involved in the sale of machines (except
agricultural machineryand office machinery) and
industrial supplies n.e.c.
46640 Wholesale
of machinery for the textile industry and of sewing and knitting machines
FINANCIAL INFORMATION
Payment experience: within
periods customary in this trade
Negative information: We
have no negative information at hand.
Maximum credit: 25,000 EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership: Tenant
Address Volksbadstr.
85
D 41065 Mönchengladbach
Land register documents were not available.
BANKERS
COMMERZBANK VORMALS DRESDNER BANK, MÖNCHENGLADBACH
Sort. code: 31080015, BIC: DRESDEFF310
DEUTSCHE BANK, MÖNCHENGLADBACH
Sort. code: 31070001, BIC: DEUTDEDD310
COMMERZBANK, MÖNCHENGLADBACH
Sort. code: 31040015, BIC: COBADEFF310
FINANCIAL FIGURES
Turnover: 2009 EUR 2,095,000.00
Ac/ts receivable: EUR 259,480.00
Liabillities: EUR 1,444,778.00
Employees:
6
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 [%]: -67.63
Liquidity ratio: 0.18
Return on total capital [%]: -58.92
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: -53.69
Liquidity ratio: 0.15
Return on total capital [%]: -1.38
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: -52.33
Liquidity ratio: 0.13
Return on total capital [%]: 0.37
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 1,583,072.01
Fixed assets
EUR 4,887.00
Intangible assets
EUR 1.00
Other / unspecified intangible assetsEUR 1.00
Tangible assets
EUR 4,886.00
Other / unspecified tangible assets
EUR 4,886.00
Current assets
EUR 937,496.95
Stocks
EUR 676,830.53
Accounts receivable
EUR 259,480.42
Other debtors and assets
EUR 259,480.42
Liquid means
EUR 1,186.00
Remaining other assets
EUR 640,688.06
Accruals (assets)
EUR 1,983.50
Deficit not covered by shareholders'
equity EUR 638,704.56
LIABILITIES EUR 1,583,072.01
Shareholders' equity
EUR 0.00
Capital
EUR 26,075.89
Subscribed capital (share capital)
EUR 26,075.89
Balance sheet profit/loss (+/-)
EUR -1,138,829.03
Profit / loss brought forward
EUR -582,452.46
Annual surplus / annual deficit
EUR -556,376.57
Other shareholders' equity (+/-)
EUR 1,112,753.14
Deficit not covered by shareholders'
equity
EUR 1,112,753.14
Provisions
EUR 138,294.00
Liabilities
EUR 1,444,778.01
Other liabilities
EUR 1,444,778.01
Unspecified other liabilities
EUR 1,444,778.01
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 1,592,564.56
Fixed assets
EUR 7,383.00
Intangible assets
EUR 1.00
Tangible assets
EUR 7,382.00
Current assets
EUR 1,022,144.04
Stocks
EUR 797,480.53
Accounts receivable
EUR 210,182.69
Liquid means
EUR 14,480.82
Remaining other assets
EUR 563,037.52
Accruals (assets)
EUR 6,660.95
Deficit not covered by shareholders'
equity EUR 556,376.57
LIABILITIES EUR 1,592,564.56
Shareholders' equity
EUR 0.00
Capital
EUR 26,075.89
Subscribed capital (share capital)
EUR 26,075.89
Balance sheet profit/loss (+/-)
EUR -582,452.46
Profit / loss brought forward
EUR -568,144.99
Annual surplus / annual deficit
EUR -14,307.47
Other shareholders' equity (+/-)
EUR 556,376.57
Deficit not covered by shareholders'
equity
EUR 556,376.57
Provisions
EUR 135,683.00
Liabilities EUR 1,456,881.56
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.69 |
|
UK Pound |
1 |
Rs.75.29 |
|
Euro |
1 |
Rs.65.77 |
RATING EXPLANATIONS
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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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.