MIRA INFORM REPORT

 

 

Report Date :           

07.12.2011

 

IDENTIFICATION DETAILS

 

Name :

CARL SCHMALE GMBH & CO.

 

 

Registered Office :

Lindhorststr. 12, D 48607 Ochtrup, Post Box 1341, D 48602 Ochtrup

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

01.01.1962

 

 

Com. Reg. No.:

HRA 1379

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Wholesale of machinery for the textile industry and of sewing and knitting machines

 

 

No. of Employees :

26 Persons

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

127,500 EUR

Status :

Moderate

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 30th, 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 & address 

 

Carl Schmale GmbH & Co.

 

Main address:

Lindhorststr. 12

D 48607 Ochtrup

Post Box:

1341, D 48602 Ochtrup

Telephone:02553/7401

Telefax:  02553/7439

Homepage: www.schmale.com

E-mail:   info@schmale.com

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

general partner

Date of foundation:         01.01.1962

Begin of business

activities:                       17.12.1969

Registered on:               17.12.1969

Register of

companies:                   Local court 48565 Steinfurt

under:                                       HRA 1379

Total cap. contribution:   EUR            173,839.24

 

 

Limited partner

 

Carl Schmale

Canisiusstr. 3

D 48607 Ochtrup

born: 02.07.1952 in Ochtrup

Share:             EUR            173,839.24

General partner

 

Verwaltungsgesellschaft Schmale,

Gesellschaft mit beschränkter Haftung

Lindhorststr. 12

D 48607 Ochtrup

Legal form: Private limited company

Share capital:     EUR             25,564.59

Registered on: 21.12.1973

Reg. data: 48565 Steinfurt, HRB 1172

 

 

Shareholder

 

Carl Schmale

Canisiusstr. 3

D 48607 Ochtrup

born: 02.07.1952 in Ochtrup

Share:             EUR             25,564.59

 

 

Manager

 

Carl Schmale

Canisiusstr. 3

D 48607 Ochtrup

born: 02.07.1952 in Ochtrup

Profession: graduate engineer

Marital status: married

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

46640   Wholesale of machinery for the textile industry and of sewing and knitting machines

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

 Negative information:     We have no negative information at hand.

 

 Maximum credit:           127,500 EUR

 

Balance sheet year:       2009

 

 

REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Lindhorststr. 12

                                    D 48607 Ochtrup

 

 Real Estate of:              Verwaltungsgesellschaft Schmale,

                                    Gesellschaft mit beschränkter Haftung

 Type of ownership:        Tenant

 Address                       Lindhorststr. 12

                                    D 48607 Ochtrup

 

Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, RHEINE

Sort. code: 40370079, BIC: DEUTDE3B403

 

VOLKSBANK, OCHTRUP

Sort. code: 40164618, BIC: GENODEM1OTR

 

VERBUNDSPARKASSE EMSDETTEN OCHTRUP, OCHTRUP

Sort. code: 40153768, BIC: WELADED1EMS

 

 

FINANCIAL FIGURES

 

 Turnover:            2009               EUR          7,500,000.00

                      2010               EUR          7,500,000.00

 further business figures:

 Ac/ts receivable:                       EUR          1,857,663.00

 Liabillities:                           EUR          2,273,362.00

 Employees:                                                     26

 

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 [%]:                  5.32

 Liquidity ratio:                   1.18

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 45.35

 Liquidity ratio:                  10.00

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 54.87

 Liquidity ratio:                  10.00

 

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.

 

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. It is calculated  in accordance with the methodology of Euler Hermes.

 

Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          3,265,133.63

  Fixed assets                           EUR             24,613.00

   Tangible assets                       EUR             24,453.00

    Other / unspecified tangible assets  EUR             24,453.00

   Financial assets                      EUR                160.00

    Other / unspecified financial assets EUR                160.00

  Current assets                         EUR          3,232,728.60

   Stocks                                EUR            676,310.98

   Accounts receivable                   EUR          1,857,663.81

    Other debtors and assets             EUR          1,857,663.81

   Liquid means                          EUR            698,753.81

  Remaining other assets                 EUR              7,792.03

   Accruals (assets)                     EUR              7,792.03

 

 LIABILITIES                             EUR          3,265,133.63

  Shareholders' equity                   EUR            173,839.23

   Capital                               EUR            173,839.23

    Capital of the fully liable partner

    (LP, general partnership)            EUR            173,839.23

     Fixed capital / accounts, capital

     account I                           EUR            173,839.23

  Provisions                             EUR            817,932.00

  Liabilities                            EUR          2,273,362.40

   Other liabilities                     EUR          2,273,362.40

    Unspecified other liabilities        EUR          2,273,362.40

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR          4,164,705.31

  Fixed assets                           EUR             31,050.00

   Intangible assets                     EUR                  6.00

   Tangible assets                       EUR             30,884.00

   Financial assets                      EUR                160.00

  Current assets                         EUR          4,125,984.28

   Stocks                                EUR            354,973.26

   Accounts receivable                   EUR          2,066,333.47

   Liquid means                          EUR          1,704,677.55

  Remaining other assets                 EUR              7,671.03

   Accruals (assets)                     EUR              7,671.03

 

 LIABILITIES                             EUR          4,164,705.31

  Shareholders' equity                   EUR          1,888,848.62

   Capital                               EUR          1,888,848.62

    Capital of the fully liable partner

    (LP, general partnership)            EUR              4,413.64

     Capital contribution of gen.

     partner/accounts of the pers. liable

     shareholder                         EUR              4,413.64

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR          1,884,434.98

     Limited partner's  capital, fixed

     capital, capital account I          EUR          1,884,434.98

  Provisions                             EUR            884,014.00

  Liabilities                            EUR          1,391,842.69

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.