MIRA INFORM REPORT

 

 

Report Date :

12.12.2011

 

IDENTIFICATION DETAILS

 

Name :

KELMENDI GMBH

 

 

Registered Office :

Steeler Str. 43 D 45127 Essen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

13.12.2001

 

 

Com. Reg. No.:

HRB 16193

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of food

 

 

No. of Employees :

13

 

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 :

34,000 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

 

Kelmendi GmbH

 

Company Status:      active

 

Main address:

Steeler Str. 43

D 45127 Essen

Telephone:02104/817260

Telefax:  02104/8172622

Homepage: www.kelmendi-gmbh.de

E-mail:   info@kelmendi-gmbh.de

 

 

Registration data

 

LEGAL FORM               Private limited company

Date of foundation:         13.12.2001

Begin of business

activities:                      2002

Shareholders'

agreement:                    13.12.2001

Registered on:               23.01.2002

Commercial Register:     Local court 45130 Essen

under:                            HRB 16193

 

 

Share capital                       

 

EUR             25,000.00

 

 

Shareholder

 

Valdet Kelmendi

Rüttenscheider Str. 102

D 45130 Essen

born: 13.03.1971

Share:             EUR             12,500.00

 

Shareholder:

Ismet Kelmendi

Hohenzollernstr. 44

D 45128 Essen

born: 17.12.1968

Share:             EUR             12,500.00

Manager

 

Valdet Kelmendi

Rüttenscheider Str. 102

D 45130 Essen

having sole power of representation

born: 13.03.1971

Profession: Businessman

 

Manager:

Ismet Kelmendi

Hohenzollernstr. 44

D 45128 Essen

having sole power of representation

born: 17.12.1968

Profession: Businessman

 

 

Further functions/participations of Valdet Kelmendi

(Manager)

 

Shareholder:

Kelmendi Verwaltungs GmbH

Oststr. 17-19

D 40822 Mettmann

Legal form: Private limited company

Share capital:     EUR             25,000.00

Share:             EUR              8,333.34

Registered

on:         09.06.2009

Reg. data:  42103 Wuppertal, HRB 21984

 

Manager:

Kelmendi Verwaltungs GmbH

Oststr. 17-19

D 40822 Mettmann

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered

on:         09.06.2009

Reg. data:  42103 Wuppertal, HRB 21984

 

Further functions/participations of Ismet Kelmendi

(Manager)

 

Shareholder:

Kelmendi Verwaltungs GmbH

Oststr. 17-19

D 40822 Mettmann

Legal form: Private limited company

Share capital:     EUR             25,000.00

Share:             EUR              8,333.33

Registered

on:         09.06.2009

Reg. data:  42103 Wuppertal, HRB 21984

 

Manager:

Kelmendi Verwaltungs GmbH

Oststr. 17-19

D 40822 Mettmann

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered

on:         09.06.2009

Reg. data:  42103 Wuppertal, HRB 21984

 

 

COMPANY HISTORY

 

2002 - 31.01.2010        Kelmendi GmbH

                         Steeler Str. 43

                         D 45127 Essen

                         Private limited company

01.02.2010 - 2011        Kelmendi GmbH

                         Oststr. 17-21

                         D 40822 Mettmann

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

46389   Wholesale of food n.e.c.

 

 

 

BRANCHES AND FACTORIES

 

Branch:

Kelmendi GmbH

Oststr. 17-21

D 40822 Mettmann

TEL.: 02104/81726-0

FAX.: 02104/81726-22

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Maximum credit:      34,000 EUR

 

Balance sheet year:  2009

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Steeler Str. 43

                     D 45127 Essen

 

Real Estate of:      Valdet Kelmendi

Type of ownership:   Tenant

Address              Rüttenscheider Str. 102

                     D 45130 Essen

 

Real Estate of:      Ismet Kelmendi

Type of ownership:   Tenant

Address              Hohenzollernstr. 44

                     D 45128 Essen

 

Land register documents were not available.

 

 

BANKERS

 

SPARKASSE ESSEN, ESSEN, RUHR

Sort. code: 36050105, BIC: SPESDE3EXXX

COMMERZBANK VORMALS DRESDNER BANK, RATINGEN

Sort. code: 30080000, BIC: DRESDEFF300

POSTBANK, DORTMUND

Sort. code: 44010046, BIC: PBNKDEFF440

 

 

FINANCIAL FIGURES

 

Turnover:            2010               EUR          2,000,000.00

Profit:              2009               EUR            238,570.00

further business figures:

Ac/ts receivable:                       EUR          3,003,517.00

Liabillities:                           EUR          3,035,344.00

Total numbers of vehicles:                                      2

- Passenger cars:                                               2

Employees:                                                     13

 

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 [%]:                 18.04

Liquidity ratio:                   1.03

Return on total capital [%]:       6.35

Balance sheet grade:                3.0

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 12.29

Liquidity ratio:                   0.98

Return on total capital [%]:       4.15

Balance sheet grade:                3.0

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 10.36

Liquidity ratio:                   0.94

Return on total capital [%]:       4.82

Balance sheet grade:                3.0

 

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          3,759,884.44

 Fixed assets                           EUR            220,173.00

  Intangible assets                     EUR              7,015.00

   Other / unspecified intangible assetsEUR              7,015.00

  Tangible assets                       EUR            213,158.00

   Other / unspecified tangible assets  EUR            213,158.00

 Current assets                         EUR          3,529,875.40

  Stocks                                EUR            427,303.01

  Accounts receivable                   EUR          3,003,517.91

   Other debtors and assets             EUR          3,003,517.91

  Investments in current assets         EUR              2,234.10

  Liquid means                          EUR             96,820.38

 Remaining other assets                 EUR              9,836.04

  Accruals (assets)                     EUR              9,836.04

 

LIABILITIES                             EUR          3,759,884.44

 Shareholders' equity                   EUR            662,258.47

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Balance sheet profit/loss (+/-)       EUR            637,258.47

   Profit / loss brought forward        EUR            398,687.52

   Annual surplus / annual deficit      EUR            238,570.95

 Provisions                             EUR             62,281.18

 Liabilities                            EUR          3,035,344.79

  Other liabilities                     EUR          3,035,344.79

   Unspecified other liabilities        EUR          3,035,344.79

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2008 - 31.12.2008

 

ASSETS                                  EUR          3,567,671.10

 Fixed assets                           EUR            194,268.00

  Intangible assets                     EUR              9,086.00

  Tangible assets                       EUR            185,182.00

 Current assets                         EUR          3,367,898.55

  Stocks                                EUR            383,984.70

  Accounts receivable                   EUR          2,921,012.70

  Investments in current assets         EUR              2,234.10

  Liquid means                          EUR             60,667.05

 Remaining other assets                 EUR              5,504.55

  Accruals (assets)                     EUR              5,504.55

 

LIABILITIES                             EUR          3,567,671.10

 Shareholders' equity                   EUR            423,687.52

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Balance sheet profit/loss (+/-)       EUR            398,687.52

   Profit / loss brought forward        EUR            250,988.74

   Annual surplus / annual deficit      EUR            147,698.78

 Provisions                             EUR             74,800.00

 Liabilities                            EUR          3,069,183.58

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.23

UK Pound

1

Rs.81.55

Euro

1

Rs.69.60

 

 

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.