MIRA INFORM REPORT

 

 

Report Date :

27.12.2011

 

IDENTIFICATION DETAILS

 

Name :

MAROPACK GMBH & CO. KG

 

 

Registered Office :

Lohmannstr. 15  D 56626 Andernach

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.01.2006

 

 

Com. Reg. No.:

HRA 13416

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Manufacture of other plastic products

 

 

No. of Employees :

33

 

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 :

118,000 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

 

Maropack GmbH & Co. KG

 

Company Status:      active

 

Main address:

Lohmannstr. 15

D 56626 Andernach

Telephone:02632/92990

Telefax:  02632/929929

Homepage: www.maropack.de

E-mail:   info@maropack.de

 

 

VAT no.          

 

DE814564287

 

 

Registration data

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

                                    general partner

Begin of business

activities:                       01.01.2006

Registered on:               15.11.2005

Register of

companies:                   Local court 56068 Koblenz

under:                            HRA 13416

 

 

Total cap. contribution            

 

EUR            225,000.00

 

 

Limited partner

 

Uwe Couvreux

Am Grabengäßchen 28

D 56220 Kettig

born: 05.11.1956

Share:             EUR            225,000.00

 

General partner:

Maropack Verwaltungs GmbH

Lohmannstr. 15

D 56626 Andernach

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on: 08.11.2005

Reg. data: 56068 Koblenz, HRB 15648

 

Shareholder:

Uwe Couvreux

Am Grabengäßchen 28

D 56220 Kettig

born: 05.11.1956

Share:             EUR             25,000.00

 

Manager:

Uwe Couvreux

Am Grabengäßchen 28

D 56220 Kettig

having sole power of representation

born: 05.11.1956

Profession: Fully qualified management

expert

Marital status: married

 

 

BUSINESS ACTIVITIES

 

Sectors

22290   Manufacture of other plastic products

46693   Wholesale of other equipment and accessories for

machinery and technical supplies

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Maximum credit:      118,000 EUR

 

Balance sheet year:  2010

 

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Lohmannstr. 15

                     D 56626 Andernach

 

Real Estate of:      Maropack Verwaltungs GmbH

Type of ownership:   Tenant

Address              Lohmannstr. 15

                     D 56626 Andernach

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK, KOBLENZ AM RHEIN

Sort. code: 57040044, BIC: COBADEFF570

NASSAUISCHE SPARKASSE, WESTERBURG, WESTERW

Sort. code: 51050015, BIC: NASSDE55XXX

 

 

FINANCIAL FIGURES

 

Turnover:            2009               EUR          5,100,000.00

                     2010               EUR          5,900,000.00

Expected turnover:                      EUR          5,950,000.00

further business figures:

Ac/ts receivable:                       EUR            649,201.00

Liabillities:                           EUR            549,845.00

Employees:                                                     33

 

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 [%]:                 70.46

Liquidity ratio:                   1.81

Balance sheet grade:                2.2

 

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

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2010 - 31.12.2010

 

ASSETS                                  EUR          3,374,120.52

 Fixed assets                           EUR          2,054,880.78

  Intangible assets                     EUR          1,637,748.00

   Other / unspecified intangible assetsEUR          1,637,748.00

  Tangible assets                       EUR            417,132.78

   Other / unspecified tangible assets  EUR            417,132.78

 Current assets                         EUR          1,304,561.98

  Stocks                                EUR            463,392.64

  Accounts receivable                   EUR            649,201.68

   Other debtors and assets             EUR            649,201.68

  Liquid means                          EUR            191,967.66

 Remaining other assets                 EUR             14,677.76

  Accruals (assets)                     EUR             14,677.76

 

LIABILITIES                             EUR          3,374,120.52

 Shareholders' equity                   EUR          2,619,331.54

 Provisions                             EUR            204,943.00

 Liabilities                            EUR            549,845.98

  Other liabilities                     EUR            549,845.98

   Unspecified other liabilities        EUR            549,845.98

 

Inconsistent balance sheets:

Financial year                              published on

01.01.2009 - 31.12.2009                     14.10.2010

01.01.2008 - 31.12.2008                     30.11.2009

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.82

UK Pound

1

Rs.82.47

Euro

1

Rs.68.93

 

 

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.