MIRA INFORM
REPORT
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Report Date : |
22.02.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
SHARMA ORIENT TEPPICH IMPORT UND GROBHANDEL GMBH |
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Registered Office : |
Kirchberg 6a, D 87448 Waltenhofen |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
05.03.1997 |
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Com. Reg. No.: |
HRB 6071 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of Textiles |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 7.000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 and address
Sharma Orient
Teppich Import und Großhandel GmbH
Kirchberg 6a
D 87448 Waltenhofen
Telephone:08303/920458
Telefax: 08303/920444
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL
FORM Private limited company
Date of
foundation : 1997
Shareholders'
agreement: 08.01.1997
Registered
on : 05.03.1997
Commercial
Register : Local court
87435
Under :
HRB 6071
Share
capital :
EUR 25.564,60
Shareholder
Subash Chander Sharma
Stoffelbergweg 5
D 87448 Waltenhofen
born: 02.03.1951
Share:EUR 19.173,45
Shareholder:
Pawan Kumar
614 Motasingh Nagar
IND - Jalandhar
born: 05.03.1962
Share: EUR 6.391,15
Manager
Subash Chander Sharma
Stoffelbergweg 5
D 87448 Waltenhofen
having sole power of representation
born: 02.03.1951
Profession: Businessman
Further functions/participations of
Subash Chander Sharma (Manager)
Proprietor:
Neue Möbelschau-Teppichschau-Sharma e.K.
Bahnhofstr. 50
D 87448 Waltenhofen
Legal form: Sole proprietorship
Registered on: 24.08.2006
Reg. data: 87435 Kempten,
HRA 8585
Limited partner:
Ziebart & Boden GmbH & Co. KG
Hochstr. 24
D 56317 Linkenbach
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap.EUR 122.710,05
contribution:
Share: EUR 61.355,03
Registered on: 18.06.1965
Reg. data: 56410 Montabaur,
HRA 10488
Shareholder:
Ziebart & Boden Betriebs- und
Verwaltungsgesellschaft mit beschränkter
Haftung
Hochstr. 24
D 56317 Linkenbach
Legal form: Private limited company
Share capital: EUR 26.075,88
Share: EUR 13.037,94
Registered on:
24.03.1971
Reg. data: 56410 Montabaur,
HRB 10363
BUSINESS ACTIVITIES
Secondary industrial sector
46410 Wholesale of
textiles
46470 Wholesale of
furniture, carpets and rugs and lighting
47530 Retail sale of
carpets, rugs, wall and floor coverings
47783 Retail sale of
objects of art, handcrafts, stamps, coins and gift articles
FINANCIAL INFORMATION
Payment experience :
within agreed terms
Negative information :We
have no negative information at hand.
Maximum credit :
7.000 EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership :Tenant
Address Kirchberg
6a
D 87448
Waltenhofen
Land register documents were not available.
BANKERS
POSTBANK (GIRO), MÜNCHEN
Sort. code: 70010080, BIC: PBNKDEFF700
FINANCIAL FIGURES
Turnover : 2009 EUR 493.000,00
2010 EUR 532.000,00
further business figures:
Employees:
4
- thereof permanent staff: 1
- Part-time employees: 2
- Temporary workers: 1
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 [%] :
31,23
Liquidity ratio : 1,19
Return on total capital [%] : -2,96
Balance sheet ratios 2008
Equity ratio [%] : 27,28
Liquidity ratio : 1,10
Return on total capital [%] : -3,51
Balance sheet ratios 2007
Equity ratio [%] :
21,56
Liquidity ratio :
1,20
Return on total capital [%] : -0,01
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 1.563.752,44
Fixed assets
EUR 9.928,00
Intangible assets
EUR 1.553,00
Other / unspecified intangible assetsEUR 1.553,00
Tangible assets
EUR 8.375,00
Other / unspecified tangible assets
EUR 8.375,00
Current assets EUR 1.553.824,44
Stocks
EUR 316.521,60
Accounts receivable
EUR 1.233.152,53
Other debtors and assets
EUR 1.233.152,53
Liquid means EUR 4.150,31
LIABILITIES EUR 1.563.752,44
Shareholders' equity
EUR 106.709,00
Capital
EUR 26.119,34
Subscribed capital (share capital)
EUR 26.119,34
Balance sheet profit/loss (+/-)
EUR 80.589,66
Profit / loss brought forward
EUR 126.819,13
Annual surplus / annual deficit
EUR -46.229,47
Provisions
EUR 33.822,88
Liabilities
EUR 1.423.220,56
Other liabilities
EUR 1.423.220,56
Unspecified other liabilities
EUR 1.423.220,56
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 1.989.270,07
Fixed assets
EUR 33.163,00
Intangible assets
EUR 2.986,00
Tangible assets
EUR 30.177,00
Current assets
EUR 1.956.107,07
Stocks
EUR 398.663,71
Accounts receivable
EUR 1.554.130,26
Liquid means
EUR 3.313,10
Remaining other assets
EUR 0,00
Accruals (assets) EUR 0,00
LIABILITIES EUR 1.989.270,07
Shareholders' equity
EUR 152.938,47
Capital
EUR 26.119,34
Subscribed capital (share capital)
EUR 26.119,34
Balance sheet profit/loss (+/-)
EUR 126.819,13
Profit / loss brought forward
EUR 196.502,19
Annual surplus / annual deficit
EUR -69.683,06
Provisions
EUR 33.822,88
Liabilities EUR 1.802.508,72
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.11 |
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|
1 |
Rs.73.25 |
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Euro |
1 |
Rs.61.70 |
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 Company |
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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.