MIRA INFORM REPORT
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Report Date : |
16.12.2011 |
IDENTIFICATION DETAILS
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Name : |
SHARMA LE BAZAAR GMBH |
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Registered Office : |
Hochstr. 21, D 58095 Hagen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
11.06.1986 |
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Com. Reg. No.: |
HRB 1957 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Wholesale of
hides, skins and leather |
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No. of Employees
: |
1 persons |
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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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
Sharma Le Bazaar
GmbH
Main address:
Hochstr. 21
D 58095 Hagen
Telephone: 02331/82062
Telefax: 02331/82063
Homepage: www.lebazaar.de
E-mail: info@lebazaar.de
VAT no
DE125136510
Synthesis
LEGAL FORM Private
limited company
Date of foundation: 1986
Shareholders'
agreement: 28.04.1986
Registered on: 11.06.1986
Commercial Register:
Local court 58097 Hagen
under: HRB
1957
Share capital: EUR 25,666.85
Shareholder
Trilok Sharma
Hohenzollernstr. 14
D 58095 Hagen
born: 01.03.1949 in Indien
Share: EUR 25,666.85
Manager
Trilok Sharma
Hohenzollernstr. 14
D 58095 Hagen
having sole power of representation
born: 01.03.1949 in Indien
Profession: Businessman
Marital status: married
COMPANY HISTORY
11.06.1986 -
23.06.1992 Le Bazaar Ledertrend Import -
Export
GmbH
Mittelstr. 17a
D 58095 Hagen
Private limited
company
23.06.1992 -
16.01.1995 Le Bazaar Ledertrend Import -
Export
GmbH
Behringstr. 20
D 58097 Hagen
Private limited
company
26.05.1997 -
26.05.1998 Le Bazaar Ledertrend Import -
Export
GmbH
Behringstr. 20
D 58097 Hagen
Private limited
company
17.07.1998 -
21.02.2005 Sharma Le Bazaar GmbH
Behringstr. 20
D 58097 Hagen
Private limited
company
21.02.2005 -
08.06.2011 Sharma Le Bazaar GmbH
Friedensstr. 127
D 58097 Hagen
Private limited company
BUSINESS ACTIVITIES
Sectors
46240 Wholesale of hides, skins and leather
FINANCIAL INFORMATION
Payment
experience: within agreed terms
Negative
information: We have no negative
information at hand.
Balance sheet year: 2009
REAL ESTATE
Type of
ownership: Tenant
Address Hochstr.
21
D 58095 Hagen
Real Estate of: Trilok
Sharma
Type of
ownership: Tenant
Address Hohenzollernstr.
14
D
58095 Hagen
Land register
documents were not available.
BANKERS
COMMERZBANK VORMALS
DRESDNER BANK, HAGEN, WESTF
Sort. code:
45080060, BIC: DRESDEFF450
FINANCIAL FIGURES
Turnover: 2010 EUR 520,000.00
Profit: 2009 EUR 25,094.00
further business figures:
Ac/ts receivable:
EUR 182,698.00
Liabilities:
EUR 514,630.00
Total numbers of vehicles:
2
- Passenger cars:
2
Employees:
2
- there of permanent staff: 1
- Part-time employees: 1
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 [%]:
73.95
Liquidity ratio:
1.83
Return on total capital [%]:
4.48
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]:
64.00
Liquidity ratio:
0.89
Return on total capital [%]:
-7.00
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]:
61.89
Liquidity ratio:
1.45
Return on total capital [%]:
2.09
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 559,953.39
Fixed assets EUR 10,386.68
Intangible assets EUR 0.50
Tangible assets EUR 9,721.50
Financial assets EUR 664.68
Current assets EUR 547,954.32
Stocks EUR 323,590.57
Accounts receivable EUR 182,698.08
Liquid means EUR 41,665.67
Remaining other assets EUR 1,612.39
Accruals (assets) EUR 1,612.39
LIABILITIES
EUR 559,953.39
Shareholders' equity EUR 40,823.33
Capital EUR 25,666.85
Subscribed capital (share
capital) EUR 25,666.85
Balance sheet profit/loss
(+/-) EUR 15,156.48
Profit / loss brought
forward EUR -9,937.86
Annual surplus / annual
deficit EUR 25,094.34
Provisions EUR 4,500.00
Liabilities EUR 514,630.06
Type of balance
sheet: Company
balance sheet
Financial year: 01.01.2008 -
31.12.2008
ASSETS
EUR 540,764.69
Fixed assets EUR 8,828.18
Intangible assets EUR 0.50
Tangible assets EUR 8,163.00
Financial assets EUR 664.68
Current assets EUR 528,961.77
Stocks EUR 362,434.05
Accounts receivable EUR 165,464.10
Liquid means EUR 1,063.62
Remaining other assets EUR 2,974.74
Accruals (assets) EUR 2,974.74
LIABILITIES
EUR 540,764.69
Shareholders' equity EUR 15,728.99
Capital EUR 25,666.85
Subscribed capital (share
capital) EUR 25,666.85
Balance sheet profit/loss
(+/-) EUR
-9,937.86
Profit / loss brought
forward EUR 26,825.89
Annual surplus / annual
deficit EUR -36,763.75
Provisions EUR 5,760.00
Liabilities EUR 519,275.70
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.24 |
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UK Pound |
1 |
Rs.83.77 |
|
Euro |
1 |
Rs.70.46 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.