MIRA INFORM REPORT

 

 

Report Date :

04.01.2011

 

IDENTIFICATION DETAILS

 

Name :

BRIGHT EDELSTEIN GEMS SHAH & CO.

 

 

Registered Office :

Mainzer Str. 43, D 55743 Idar-Oberstein

 

 

Country :

Germany

 

 

Date of Incorporation :

14.10.1977

 

 

Com. Reg. No.:

HRA 11325

 

 

Legal Form :

General Partnership

 

 

Line of Business :

Wholesale of clocks and watches and jewelry

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

102.000 EUR

 

 

Status :

Good

 

 

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 & address

 

Bright Edelstein Gems Shah & Co.

 

Main address:

Mainzer Str. 43

D 55743 Idar-Oberstein

Telephone:        06781/94400

Telefax:             06781/41840

E-mail:              bright@t-online.de

 

 

VAT no.        

 

DE148288192

 

 

Tax ID number     

 

09/201/0262/1

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               General Partnership

Date of foundation:         1977

Begin of business

activities:                       14.10.1977

Registered on:               14.10.1977

Register of

companies:                   Local court 55543 Bad Kreuznach

under:                                       HRA 11325

 

General partner

 

Harish Kumar Shah

Ezenichstr. 50

D 55743 Idar-Oberstein

born: 19.08.1952

Nationality: Indian

Marital status: married

 

General partner:

Sanjay Corp.

1642 Melbourne Plaza 33

Queens Road

HK - Hongkong

Legal form: Other legal form

 

 

COMPANY HISTORY

 

14.10.1977 - 01.01.1995  Bright Edelstein Gems Shah & Co.

                                    Mainzer Str. 34

                                    D 55743 Idar-Oberstein

                                    General Partnership

 

 

BUSINESS ACTIVITIES

 

Sectors

46480   Wholesale of clocks and watches and jewelry

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Maximum credit:      102.000 EUR

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Mainzer Str. 34

                                    D 55743 Idar-Oberstein

 

 Private real estate

 Name:                          Harish Kumar Shah

 Type of ownership:        proprietor

 Share:                          100,00 %

 Address                       Ezenichstr. 50

                                    D 55743 Idar-Oberstein

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK, IDAR-OBERSTEIN

Sort. code: 56240050, BIC: COBADEFF562

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2009               EUR          6.300.000,00

                      2010               EUR          6.000.000,00

 further business figures:

 Equipment:                              EUR             26.000,00

 Employees:                                                      4

 

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

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.67

UK Pound

1

Rs.69.45

Euro

1

Rs.59.37

 

 

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.