MIRA INFORM REPORT

 

 

Report Date :

18.02.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

PURE PHARMA UND CHEMIKALIEN IMPORT-EXPORT GMBH

 

 

Registered Office :

Wragekamp 1, D 22397 Hamburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

02.08.1996

 

 

Com. Reg. No.:

HRB 62040

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of Pharmaceutical Goods

 

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 :

EUR 20.000

Status :

Small company

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 – 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 and address

 

Pure Pharma und Chemikalien Import-Export GmbH

 

Wragekamp 1

D 22397 Hamburg

Telephone:040/30374330

Telefax:  040/30374359

Homepage: www.purepharma.de

E-mail:   info@purepharma.de

 

 

VAT no            

 

DE812030230

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM                  Private limited company

Date of foundation          : 1996

Shareholders'

Agreement                    : 29.05.1996

Registered on                : 02.08.1996

Commercial Registe       : Local court 20355 Hamburg

Under                            : HRB 62040

 

Share capital                 : EUR 100.000,00

 

 

Shareholder

 

Ingo Eisenblätter

Müssenredder 15a

D 22399 Hamburg

Share:             EUR             90.000,00

 

Shareholder:

Waltraut Eisenblätter- Hagena

Müssenredder 15a

D 22399 Hamburg

Share:             EUR             10.000,00

 

 

Manager

 

Ingo Eisenblätter

Müssenredder 15a

D 22399 Hamburg

having sole power of representation

Profession: Businessman

 

 

COMPANY HISTORY

 

01.04.1998 - 02.08.2001             Pure Pharma- und Chemikalien

Import-Export GmbH

Müssenredder 15a

D 22399 Hamburg

Private limited company

 

02.08.2001 - 03.07.2002             Pure Pharma- und Chemikalien

Import-Export GmbH

Oberhafenstr. 1

D 20097 Hamburg

Private limited company

 

05.05.2003 - 03.05.2006             Pure Pharma- und Chemikalien

Import-Export GmbH

Stadtdeich 3

D 20097 Hamburg

Private limited company

 

16.05.2006 - 15.09.2007             Pure Pharma und Chemikalien

Import-Export GmbH

Stadtdeich 3

D 20097 Hamburg

Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

46461   Wholesale of pharmaceutical goods

46750   Wholesale of chemical products

 

 

 

FINANCIAL INFORMATION

 

Payment experience:  within periods customary in this trade

 

Negative information:We have no negative information at hand.

 

Maximum credit:      20.000 EUR

 

Balance sheet year:  2009

 

 

REAL ESTATE

 

Type of ownership                      : Tenant

Address                                    Wragekamp 1

D 22397 Hamburg

 

 

Private real estate

 

Name                            : Ingo Eisenblätter

Type of ownership          : proprietor

Share                            : 100,00 %

Address                           Müssenredder 15a

                 D 22399 Hamburg

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK, HAMBURG

Sort. code: 20040000, BIC: COBADEHHXXX

HSH NORDBANK HAMBURG, HAMBURG

Sort. code: 20050000, BIC: HSHNDEHH200

 

 

FINANCIAL FIGURES

 

Turnover:            2009               EUR          2.000.000,00

Employees:                                                      6

 

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 [%]                          :  13,67

Liquidity ratio                             :   0,91

Return on total capital [%]          :  -8,15

 

Balance sheet ratios                    2008

Equity ratio [%]                          : 18,00

Liquidity ratio                             :  1,00

Return on total capital [%]          : 1,00

 

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            479.534,77

  Fixed assets                           EUR              9.449,00

   Intangible assets                     EUR                  4,00

    Other / unspecified intangible assetsEUR                  4,00

   Tangible assets                       EUR              9.445,00

    Other / unspecified tangible assets  EUR              9.445,00

  Current assets                         EUR            469.008,18

   Stocks                                EUR             94.297,59

   Accounts receivable                   EUR            374.662,22

    Other debtors and assets             EUR            374.662,22

   Liquid means                          EUR                 48,37

  Remaining other assets                 EUR              1.077,59

   Accruals (assets)                     EUR              1.077,59

 

 LIABILITIES                             EUR            479.534,77

  Shareholders' equity                   EUR             65.545,61

   Capital                               EUR            100.000,00

    Subscribed capital (share capital)   EUR            100.000,00

   Balance sheet profit/loss (+/-)       EUR            -34.454,39

    Balance sheet profit / loss          EUR            -34.454,39

  Provisions                             EUR              3.000,00

  Liabilities                            EUR            410.989,16

   Other liabilities                     EUR            410.989,16

    Unspecified other liabilities        EUR            410.989,16

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR            588.663,66

  Fixed assets                           EUR             12.741,00

   Intangible assets                     EUR                  4,00

   Tangible assets                       EUR             12.737,00

  Current assets                         EUR            573.228,69

   Stocks                                EUR             97.431,85

   Accounts receivable                   EUR            475.443,35

   Liquid means                          EUR                353,49

  Remaining other assets                 EUR              2.693,97

   Accruals (assets)                     EUR              2.693,97

 

 LIABILITIES                             EUR            588.663,66

  Shareholders' equity                   EUR            104.649,51

   Capital                               EUR            100.000,00

    Subscribed capital (share capital)   EUR            100.000,00

   Balance sheet profit/loss (+/-)       EUR              4.649,51

    Profit / loss brought forward        EUR                  1,17

    Annual surplus / annual deficit      EUR              4.648,34

  Provisions                             EUR              6.810,66

  Liabilities                            EUR            477.203,49

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.38

UK Pound

1

Rs.73.08

Euro

1

Rs.61.60

 

 

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 Company

----

 

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.