MIRA INFORM REPORT

 

Report Date :

21.12.2011

 

IDENTIFICATION DETAILS

 

Name :

KG KLAUS PARADOWSKI MASCHINENHANDELSGESELLSCHAFT MBH & CO.

 

 

Registered Office :

Edisonstr. 1 D 24558 Henstedt-Ulzburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Year of Establishment :

1971

 

 

Com. Reg. No.:

HRA 1226 BB

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Wholesale of other machinery

 

 

No. of Employees :

8

 

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 :

25,500 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

 

 KG Klaus Paradowski Maschinenhandelsgesellschaft mbH & Co.

 

 Company Status:      active

 

Main address:

Edisonstr. 1

D 24558 Henstedt-Ulzburg

Telephone:04193/7111

Telefax:  04193/77008

Homepage: www.paradowski.de

E-mail:   info@paradowski.de

 

 

VAT no.           

 

DE134369655

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registration data

 

 LEGAL FORM              Ltd partnership with priv. ltd. company as

                                    general partner

 Date of foundation:        1971

 Begin of business

 activities:                                  1971

 Registered on:              05.03.1976

 Register of

 companies:                  Local court 24114 Kiel

 under:                          HRA 1226 BB

 

 

Total cap. contribution             

 

EUR            448,658.63

Shareholder total capital           

 

EUR             76,693.78

 

 

Limited partner

 

Klaus Paradowski

Fichtenhain 15

D 24558 Henstedt-Ulzburg

born: 10.06.1936

Share:             EUR            268,428.24

 

Limited partner:

Lutz Redmann

D 20095 Hamburg

born: 09.05.1965

Share:             EUR             99,701.92

 

Limited partner:

Jόrgen Offt

Neuer Weg 14

D 24568 Kaltenkirchen

born: 16.07.1934

Share:             EUR              3,834.69

 

General partner:

Klaus Paradowski Verwaltungsgesellschaft mbH

Edisonstr. 1

D 24558 Henstedt-Ulzburg

Legal form: Private limited company

Share capital:     EUR             31,700.10

Registered on: 17.04.1989

Reg. data: 24114 Kiel, HRB 2708 BB

 

Shareholder:

Klaus Paradowski

Fichtenhain 15

D 24558 Henstedt-Ulzburg

born: 10.06.1936

Share:             EUR             31,700.10

 

Manager:

Klaus Paradowski

Fichtenhain 15

D 24558 Henstedt-Ulzburg

born: 10.06.1936

Profession: Businessman

Marital status: married

Manager:

Oliver Havemann

D 20095 Hamburg

having sole power of representation

born: 24.10.1964

 

Manager:

Lutz Redmann

D 20095 Hamburg

having sole power of representation

born: 09.05.1965

 

Proxy:

Lutz Redmann

D 20095 Hamburg

born: 09.05.1965

 

Proxy:

Oliver Havemann

D 20095 Hamburg

having sole power of representation

born: 24.10.1964

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 46692   Wholesale of other machinery

 Average risk of default:          3.1 %

 

BRANCHES AND FACTORIES

 

Branch:

KG Klaus Paradowski

Maschinenhandelsgesellschaft mbH & Co.

Zweigniederlassung Hamburg

Stadtbahnstr. 34

D 22393 Hamburg

 

FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Maximum credit:      25,500 EUR

 

 Balance sheet year:  2009

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Edisonstr. 1

                      D 24558 Henstedt-Ulzburg

 

 Real Estate of:      Klaus Paradowski Verwaltungsgesellschaft mbH

 Type of ownership:   Tenant

 Address              Edisonstr. 1

                      D 24558 Henstedt-Ulzburg

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 COMMERZBANK VORMALS DRESDNER BANK, HAMBURG

 Sort. code: 20080000, BIC: DRESDEFF200

 

 

FINANCIAL FIGURES

 

 Gross profit or loss:2009               EUR          1,404,732.00

                      2010               EUR          1,500,000.00

 Profit:              2009               EUR           -110,664.00

 further business figures:

 Equipment:                              EUR             50,498.00

 Ac/ts receivable:                       EUR          3,966,115.00

 Liabillities:                           EUR          6,157,733.00

 Employees:                                                      8

 - Part-time employees:                                          1

 - Trainees:                                                     1

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 10.69

 Liquidity ratio:                   0.69

 Return on total capital [%]:      -1.72

 Balance sheet grade:                4.0

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 13.51

 Liquidity ratio:                   0.29

 Return on total capital [%]:       0.35

 Balance sheet grade:                3.9

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 15.85

 Liquidity ratio:                   0.40

 Return on total capital [%]:       3.00

 Balance sheet grade:                3.5

 

 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.

 

 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          6,449,493.31

  Fixed assets                           EUR             94,128.17

   Intangible assets                     EUR                506.00

    Other / unspecified intangible assetsEUR                506.00

   Tangible assets                       EUR             50,498.00

    Other tangible assets / fixtures and

    fittings                             EUR             50,498.00

   Financial assets                      EUR             43,124.17

    Other / unspecified financial assets EUR             43,124.17

  Current assets                         EUR          6,343,978.35

   Stocks                                EUR          2,372,495.68

   Accounts receivable                   EUR          3,966,115.54

    Other debtors and assets             EUR          3,966,115.54

   Liquid means                          EUR              5,367.13

  Remaining other assets                 EUR             11,386.79

   Accruals (assets)                     EUR             11,386.79

 

 LIABILITIES                             EUR          6,449,493.31

  Shareholders' equity                   EUR            272,805.41

   Capital                               EUR            272,805.41

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR            272,805.41

     Limited partner's  capital, fixed

     capital, capital account I          EUR            383,469.00

     - Loss brought forward account      EUR            110,663.59

  Provisions                             EUR             18,954.00

  Liabilities                            EUR          6,157,733.90

   Financial debts                       EUR          2,895,249.14

    Liabilities due to banks             EUR          2,895,249.14

   Other liabilities                     EUR          3,262,484.76

    Liabilities due to shareholders      EUR            416,644.03

    Unspecified other liabilities        EUR          2,845,840.73

 

 Profit and loss account (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR          1,404,731.63

  Staff expenses                         EUR            378,676.34

   Wages and salaries                    EUR            342,481.74

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR             36,194.60

  Total depreciation                     EUR             28,653.49

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR             28,653.49

  Other operating expenses               EUR            834,490.63

  Operating result from continuing

  operations                             EUR            162,911.17

  Interest result (+/-)                  EUR           -259,426.40

   Interest and similar income           EUR             12,528.93

   Interest and similar expenses         EUR            271,955.33

  Financial result (+/-)                 EUR           -259,426.40

  Result from ordinary operations (+/-)  EUR            -96,515.23

  Extraordinary income                   EUR                  0.17

  Extraordinary expenses                 EUR                  0.63

  Extraordinary result (+/-)             EUR                 -0.46

  Income tax / refund of income tax (+/-)EUR            -14,147.90

  Tax (+/-)                              EUR            -14,147.90

  Annual surplus / annual deficit        EUR           -110,663.59

 

 Type of balance

 sheet:               Company balance sheet

 Financial year:      01.01.2008 - 31.12.2008

 ASSETS                                  EUR          5,986,202.22

  Fixed assets                           EUR            135,963.18

   Intangible assets                     EUR              1,327.00

    Other / unspecified intangible assetsEUR              1,327.00

   Tangible assets                       EUR             78,027.00

    Other tangible assets / fixtures and

    fittings                             EUR             78,027.00

   Financial assets                      EUR             56,609.18

    Other / unspecified financial assets EUR             56,609.18

  Current assets                         EUR          5,821,696.25

   Stocks                                EUR          4,323,890.08

   Accounts receivable                   EUR          1,486,808.05

    Other debtors and assets             EUR          1,486,808.05

   Liquid means                          EUR             10,998.12

  Remaining other assets                 EUR             28,542.79

   Accruals (assets)                     EUR             28,542.79

 

 LIABILITIES                             EUR          5,986,202.22

  Shareholders' equity                   EUR            383,469.00

   Capital                               EUR            383,469.00

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR            383,469.00

  Provisions                             EUR             22,037.00

  Liabilities                            EUR          5,580,696.22

   Financial debts                       EUR          3,729,651.75

    Liabilities due to banks             EUR          3,729,651.75

   Other liabilities                     EUR          1,851,044.47

    Liabilities due to shareholders      EUR            426,046.51

    Unspecified other liabilities        EUR          1,424,997.96

 

 Profit and loss account (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR          1,845,237.30

  Staff expenses                         EUR            412,501.71

   Wages and salaries                    EUR            370,225.42

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR             42,276.29

  Total depreciation                     EUR             29,910.35

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR             29,910.35

  Other operating expenses               EUR          1,059,216.82

  Operating result from continuing

  operations                             EUR            343,608.42

  Interest result (+/-)                  EUR           -282,049.50

   Interest and similar income           EUR              5,865.02

   Interest and similar expenses         EUR            287,914.52

  Financial result (+/-)                 EUR           -282,049.50

  Result from ordinary operations (+/-)  EUR             61,558.92

  Income tax / refund of income tax (+/-)EUR            -40,530.50

  Tax (+/-)                              EUR            -40,530.50

  Annual surplus / annual deficit        EUR             21,028.42

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.03

UK Pound

1

Rs.82.34

Euro

1

Rs.68.99

 

 

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.