MIRA INFORM REPORT

 

 

Report Date :

23.02.2011

 

IDENTIFICATION DETAILS

 

Name :

MERCUR HANDEL GMBH

 

 

Registered Office :

Mörsenbroicher Weg 66, D 40470 Düsseldorf, Post Box 10 37 54, D 40028, Düsseldorf

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

09.01.2002

 

 

Com. Reg. No.:

HRB 41788

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Agents involved in the sale of fuels, ores, metals and industrial chemicals

 

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 :

52.500 EUR

Status :

Satisfactory

Payment Behaviour :

Regular

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

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

 

Mercur Handel GmbH

 

 

Main address:     

Mörsenbroicher Weg 66

D 40470 Düsseldorf

Post Box:

10 37 54, D 40028 Düsseldorf

Telephone:0211/159887-0

Telefax:  0211/159887-87

 

 

VAT no.          

 

DE813340441

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         2001

Shareholders'

agreement:                    10.12.2001

Registered on:               09.01.2002

Commercial Register:     Local court 40213 Düsseldorf

under:                                       HRB 41788

Share capital:                 EUR            150.000,00

 

 

Shareholder

 

Torsten Randt

Linienstr. 76

D 40227 Düsseldorf

born: 25.01.1964

Share:             EUR             76.500,00

 

Shareholder:

Günter Goossen

Noldenkothen 26

D 40882 Ratingen

born: 24.07.1940

Share:             EUR             73.500,00

Manager

 

Günter Goossen

Noldenkothen 26

D 40882 Ratingen

having sole power of representation

born: 24.07.1940

Profession: Businessman

Marital status: married

 

Manager:

Torsten Randt

Linienstr. 76

D 40227 Düsseldorf

having sole power of representation

born: 25.01.1964

Profession: Businessman

Marital status: married

 

 

Further functions/participations of Günter Goossen (Manager)

 

Shareholder:

MERCUR TRADING Gesellschaft mit beschränkter

Haftung Export Import

Noldenkothen 26

D 40882 Ratingen

Post Box:

10 37 54, D 40028 Düsseldorf

Legal form: Private limited company

Share capital:     EUR            154.000,00

Share:             EUR            154.000,00

Registered

on:         29.12.1972

Reg. data:  40213 Düsseldorf, HRB 3528

 

Manager:

MERCUR TRADING Gesellschaft mit beschränkter

Haftung Export Import

Noldenkothen 26

D 40882 Ratingen

Post Box:

10 37 54, D 40028 Düsseldorf

Legal form: Private limited company

Share capital:     EUR            154.000,00

Registered

on:         29.12.1972

Reg. data:  40213 Düsseldorf, HRB 3528

 

 

COMPANY HISTORY

 

10.04.2002 - 19.04.2002  Mercur Handel GmbH

                         Sybelstr. 7

                         D 40239 Düsseldorf

                         Private limited company

19.04.2002 - 02.06.2004  Mercur Handel GmbH

                         Kühlwetterstr. 49

                         D 40239 Düsseldorf

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

46120   Agents involved in the sale of fuels, ores, metals and industrial chemicals

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            52.500 EUR

 

Balance sheet year:       2009

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Mörsenbroicher Weg 66

                                    D 40470 Düsseldorf

 

Land register documents were not available.

 

 

BANKERS

 

Principal banks

DEUTSCHE BANK, DÜSSELDORF

Sort. code: 30070010, Account no.: 3020534, BIC: DEUTDEDDXXX

 

DEUTSCHE BANK, DÜSSELDORF

Sort. code: 30070010, Account no.: 302053400, BIC: DEUTDEDDXXX

 

 

FINANCIAL FIGURES

 

Turnover:            2009               EUR          3.100.000,00

Employees:                                                      5

- thereof permanent staff:                                      5

 

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

 

BALANCE SHEETS

 

Balance sheet ratios 2009

Equity ratio [%]:                 46,93

Liquidity ratio:                   1,66

Return on total capital [%]:      -1,60

 

Balance sheet ratios 2008

Equity ratio [%]:                 32,49

Liquidity ratio:                   1,44

Return on total capital [%]:       1,13

 

Balance sheet ratios 2007

Equity ratio [%]:                 33,00

Liquidity ratio:                   1,96

 

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:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          2.141.448,71

 Fixed assets                           EUR            131.023,00

  Intangible assets                     EUR             20.984,00

   Other / unspecified intangible assetsEUR             20.984,00

  Tangible assets                       EUR            110.039,00

   Other / unspecified tangible assets  EUR            110.039,00

 Current assets                         EUR          2.005.182,24

  Stocks                                EUR            446.829,91

  Accounts receivable                   EUR          1.448.840,36

   Other debtors and assets             EUR          1.448.840,36

  Investments in current assets         EUR             99.637,50

  Liquid means                          EUR              9.874,47

 Remaining other assets                 EUR              5.243,47

  Accruals (assets)                     EUR              5.243,47

 

LIABILITIES                             EUR          2.141.448,71

 Shareholders' equity                   EUR          1.063.452,36

  Capital                               EUR            150.000,00

   Subscribed capital (share capital)   EUR            150.000,00

  Reserves                              EUR             99.637,50

   thereof for own shares               EUR             99.637,50

   Other / unspecified reserves         EUR             99.637,50

  Balance sheet profit/loss (+/-)       EUR            813.814,86

   Balance sheet profit / loss          EUR            813.814,86

 Provisions                             EUR            194.219,34

 Liabilities                            EUR            883.777,01

  Other liabilities                     EUR            883.777,01

   Unspecified other liabilities        EUR            883.777,01

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2008 - 31.12.2008

 

ASSETS                                  EUR          3.055.471,34

 Fixed assets                           EUR            164.745,00

  Intangible assets                     EUR             23.986,00

  Tangible assets                       EUR            140.759,00

 Current assets                         EUR          2.888.753,90

  Stocks                                EUR            466.338,56

  Accounts receivable                   EUR          2.378.199,40

  Liquid means                          EUR             44.215,94

 Remaining other assets                 EUR              1.972,44

  Accruals (assets)                     EUR              1.972,44

 

LIABILITIES                             EUR          3.055.471,34

 Shareholders' equity                   EUR            996.373,09

  Capital                               EUR            150.000,00

   Subscribed capital (share capital)   EUR            150.000,00

  Balance sheet profit/loss (+/-)       EUR            846.373,09

   Balance sheet profit / loss          EUR            846.373,09

 Provisions                             EUR            354.885,82

 Liabilities                            EUR          1.704.212,43

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.20

UK Pound

1

Rs.73.07

Euro

1

Rs.61.41

 

 

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

 

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.