MIRA INFORM REPORT

 

 

Report Date :           

14.12.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

SHIRT-FASHION BUCHHOLZ GESELLSCHAFT MIT  BESCHRÄNKTER HAFTUNG

 

 

Registered Office :

Stationsweg 7, D 48493 Wettringen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.01.1982

 

 

Com. Reg. No.:

HRB 1590

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Agents involved in the sale of other goods

 

 

No. of Employees :

10 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 :

59,500 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 

 

Shirt-Fashion Buchholz Gesellschaft mit  beschränkter Haftung

 

Main address:

Stationsweg 7

D 48493 Wettringen

Telephone:        02557/92870

Telefax:             02557/928755

Homepage:        www.shirt-fashion.de

E-mail:              info@shirt-fashion.de

 

 

VAT no.     

 

DE124377099

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

 LEGAL FORM              Private limited company

 Date of foundation:        01.01.1982

 Registered on:              05.02.1982

 Commercial Register:    Local court 48565 Steinfurt

 under:                          HRB 1590

 Share capital:                EUR             30,000.00

 

 

Shareholder

 

Hans-Jürgen Buchholz

Hangenkamp 26

D 48565 Steinfurt

born: 13.03.1940 in Berlin

Share:             EUR             21,000.00

Shareholder:

Torsten Buchholz

Hangenkamp 26

D 48565 Steinfurt

born: 21.08.1966

Share:             EUR              4,500.00

 

Shareholder:

Lars Buchholz

Hangenkamp 26

D 48565 Steinfurt

born: 27.04.1969

Share:             EUR              4,500.00

 

 

Manager

 

Torsten Buchholz

Hangenkamp 26

D 48565 Steinfurt

born: 21.08.1966

 

Manager:

Lars Buchholz

Hangenkamp 26

D 48565 Steinfurt

having sole power of representation

born: 27.04.1969

 

 

COMPANY HISTORY

 

 1975 - 01.01.1975  Hans-Jürgen Buchholz

                          (Textileinzelhandelsgeschäft "Junge

                          Mode")

                          D 48565 Steinfurt

                          Unregistered commercial enterprise

 1982 - 01.01.1982        Hans-Jürgen Buchholz Handelsvertretungen

                          GmbH

                          D 48565 Steinfurt

                          Private limited company

 1990 - 01.01.1990        Shirt-Fashion Buchholz Gesellschaft mit

                          beschränkter Haftung

                          D 48565 Steinfurt

                          Private limited company

 01.02.2002 - 01.02.2002  Shirt-Fashion Buchholz Gesellschaft mit

                          beschränkter Haftung

                          Stationsweg 7

                          D 48493 Wettringen

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

·          4618   Agents involved in the sale of other goods

·          4641   Wholesale of textiles

 

 

FINANCIAL INFORMATION

 

 Payment experience:    within periods customary in this trade

 

 Negative information:     We have no negative information at hand.

 

 Maximum credit:           59,500 EUR

 

Balance sheet year:       2010

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Stationsweg 7

                                    D 48493 Wettringen

 

Land register documents were not available.

 

 

BANKERS

 

WGZ BANK, MÜNSTER, WESTF

Sort. code: 40060000, BIC: GENODEMSXXX

 

VOLKSBANK NORDMÜNSTERLAND, STEINFURT, WESTF

Sort. code: 40163720, BIC: GENODEM1SEE

 

 

FINANCIAL FIGURES

 

 Turnover:            2009               EUR          3,600,000.00

                      2010               EUR          3,500,000.00

 Profit:              2010               EUR           -258,004.00

 further business figures:

 Equipment:                              EUR             16,414.00

 Ac/ts receivable:                       EUR            183,689.00

 Liabillities:                           EUR            843,547.00

 Employees:                                                     10

 

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

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 10.82

 Liquidity ratio:                   0.32

 Return on total capital [%]:     -36.42

 Balance sheet grade:                4.5

 

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:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR            892,776.67

  Fixed assets                           EUR             24,089.02

   Intangible assets                     EUR              7,525.02

    Concessions, licences, rights        EUR              7,525.02

   Tangible assets                       EUR             16,414.00

    Other tangible assets / fixtures and

    fittings                             EUR             16,414.00

   Financial assets                      EUR                150.00

    Other loans                          EUR                150.00

  Current assets                         EUR            683,077.92

   Stocks                                EUR            489,149.06

    Finished goods / work in progress    EUR            489,149.06

   Accounts receivable                   EUR            183,689.78

    Trade debtors                        EUR             73,295.56

    Other debtors and assets             EUR            110,394.22

   Liquid means                          EUR             10,239.08

  Remaining other assets                 EUR            185,609.73

   Accruals (assets)                     EUR              5,033.33

   Deficit not covered by shareholders'

   equity                                EUR            180,576.40

 

 LIABILITIES                             EUR            892,776.67

  Shareholders' equity                   EUR                  0.00

   Capital                               EUR             30,000.00

    Subscribed capital (share capital)   EUR             30,000.00

   Balance sheet profit/loss (+/-)       EUR           -210,576.40

    Profit / loss brought forward        EUR             47,427.78

    Annual surplus / annual deficit      EUR           -258,004.18

   Other shareholders' equity (+/-)      EUR            180,576.40

    Deficit not covered by shareholders'

    equity                               EUR            180,576.40

  Provisions                             EUR             49,229.00

   Pension provisions and comparable

   provisions                            EUR             40,666.00

   Other / unspecified provisions        EUR              8,563.00

  Liabilities                            EUR            843,547.67

   thereof total due to shareholders     EUR            261,014.73

   Financial debts                       EUR            322,208.93

    Liabilities due to banks             EUR            322,208.93

   Other liabilities                     EUR            521,338.74

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            251,400.46

    Unspecified other liabilities        EUR            269,938.28

     thereof liabilities from tax /

     financial authorities               EUR              6,290.48

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.40

UK Pound

1

Rs.83.32

Euro

1

Rs.70.44

 

 

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.