MIRA INFORM REPORT

 

 

Report Date :

06.12.2011

 

IDENTIFICATION DETAILS

 

Name :

OSWALD RIEMER UHRENARMBANDFABRIK GMBH

 

 

Registered Office :

Willibald-Popp-Str. 2 D 86179 Augsburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

08.01.1957

 

 

Com. Reg. No.:

HRB 8368

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Processing of leather (except manufacture of leather apparel)

 

 

No. of Employees :

40

 

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 :

40,000 EUR

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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 and address

 

Oswald Riemer Uhrenarmbandfabrik GmbH

 

 Company Status:      active

 

Main address:

Willibald-Popp-Str. 2

D 86179 Augsburg

Telephone:0821/811020

Telefax:  0821/813946

Homepage: www.rios1931.de

E-mail:   info@rios1931.de

 

 

VAT no.         

 

DE127493162

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registartion data

 

 LEGAL FORM              Private limited company

 Date of foundation:        08.01.1957

 Shareholders'

 agreement:                    08.12.1982

 Registered on:              20.01.1983

 Commercial Register:    Local court 86150 Augsburg

 under:               HRB 8368

 

 

Share capital                       

 

EUR             30,677.51

 

 

Shareholder

 

Andreas Riemer

Willibald-Popp-Str. 2

D 86179 Augsburg

born: 12.05.1972

Share:             EUR             30,677.51

 

Manager:

Andreas Riemer

Willibald-Popp-Str. 2

D 86179 Augsburg

having sole power of representation

born: 12.05.1972

Profession: Industrial scientist

Marital status: single

 

 

COMPANY HISTORY

 

 08.01.1957 - 1966        Oswald Riemer Uhrenarmbandfabrik

                          Konrad-Adenauer-Allee

                          D 86150 Augsburg

                          Sole proprietorship

 1966 - 20.01.1983        Oswald Riemer Uhrenarmbandfabrik

                          Willibald-Popp-Str. 2

                          D 86179 Augsburg

                          Sole proprietorship

 20.01.1983 - 2001        Oswald Riemer Uhrenarmbandfabrik GmbH

                          Willibald-Popp-Str. 2

                          D 86179 Augsburg

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

 Sectors

 15120   Processing of leather (except manufacture of leather apparel)

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Maximum credit:      40,000 EUR

 Balance sheet year:  2009

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Willibald-Popp-Str. 2

                      D 86179 Augsburg

 

 Land register documents were not available.

 

 

BANKERS

 

 STADTSPARKASSE AUGSBURG, AUGSBURG, BAY

 Sort. code: 72050000, BIC: AUGSDE77XXX

 

FINANCIAL FIGURES

 

 Turnover:            2009               EUR          1,500,000.00

                      2010               EUR          2,000,000.00

 further business figures:

 Ac/ts receivable:                       EUR            170,300.00

 Liabillities:                           EUR            185,064.00

 Employees:                                                     40

 

 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 [%]:                 73.17

 Liquidity ratio:                   4.81

 Return on total capital [%]:      15.48

 Balance sheet grade:                1.0

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 23.29

 Liquidity ratio:                   0.59

 Return on total capital [%]:     -47.74

 Balance sheet grade:                4.0

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 69.64

 Liquidity ratio:                  10.00

 Return on total capital [%]:      -3.89

 Balance sheet grade:                2.3

 

 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.

 

 Balance sheet grade

 The balance sheet grade is based on the following ratios: equity

 ratio, liquidity ratio and return on total capital from the

 balance sheets published in the Federal Gazette.

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR            541,490.47

  Fixed assets                           EUR             22,214.00

   Intangible assets                     EUR                  1.00

    Other / unspecified intangible assetsEUR                  1.00

   Tangible assets                       EUR             22,213.00

    Other / unspecified tangible assets  EUR             22,213.00

  Current assets                         EUR            517,669.08

   Stocks                                EUR            254,373.34

   Accounts receivable                   EUR            174,221.52

    Other debtors and assets             EUR            174,221.52

   Liquid means                          EUR             89,074.22

  Remaining other assets                 EUR              1,607.39

   Accruals (assets)                     EUR              1,607.39

 

 LIABILITIES                             EUR            541,490.47

  Shareholders' equity                   EUR            233,639.55

   Capital                               EUR             30,677.52

    Subscribed capital (share capital)   EUR             30,677.52

   Balance sheet profit/loss (+/-)       EUR            202,962.03

    Balance sheet profit / loss          EUR            202,962.03

  Provisions                             EUR             19,947.00

  Liabilities                            EUR            287,903.92

   Other liabilities                     EUR            287,903.92

    Unspecified other liabilities        EUR            287,903.92

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR            644,042.48

  Fixed assets                           EUR             33,005.00

   Intangible assets                     EUR                  1.00

   Tangible assets                       EUR             33,004.00

  Current assets                         EUR            610,396.78

   Stocks                                EUR            274,589.76

   Accounts receivable                   EUR            164,248.68

   Liquid means                          EUR            171,558.34

  Remaining other assets                 EUR                640.70

   Accruals (assets)                     EUR                640.70

 

 LIABILITIES                             EUR            644,042.48

  Shareholders' equity                   EUR            149,983.89

   Capital                               EUR             30,677.52

    Subscribed capital (share capital)   EUR             30,677.52

   Reserves                              EUR                  0.00

    Capital reserves                     EUR                  0.00

   Balance sheet profit/loss (+/-)       EUR            119,306.37

    Balance sheet profit / loss          EUR            119,306.37

  Items between shareholders' equity and

  debt capital                           EUR                  0.00

   Special items with reserve funds      EUR                  0.00

  Provisions                             EUR             45,368.00

  Liabilities                            EUR            448,690.59

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.39

UK Pound

1

Rs.80.20

Euro

1

Rs.68.92

 

 

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.