MIRA INFORM REPORT

 

 

Report Date :

13.01.2011

 

IDENTIFICATION DETAILS

 

Name :

DANIS EDELSTEINHANDEL GMBH

 

 

Registered Office :

Uhlandstr. 2 D 75233 Tiefenbronn

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2008

 

 

Date of Incorporation :

08.12.1983

 

 

Com. Reg. No.:

HRB 501745

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of clocks and watches and jewelry

 

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

 

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 – 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

 

Name and address

 

Danis Edelsteinhandel GmbH

Company Status:      active

 

 Main address:               Uhlandstr. 2

                                    D 75233 Tiefenbronn

                                    Telephone:07234/9555-0

                                    Telefax:  07234/9555-55

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Registration data

 

 LEGAL FORM              Private limited company

 Date of foundation:        1983

 Shareholders'

 agreement:                   04.11.1983

 Registered on:              08.12.1983

 Commercial Register:    Local court 68159 Mannheim

 under:     HRB 501745

 

 

Share capital                      

 

EUR             25.564,59

 

 

Shareholder

 

Ytzhak Dankner

IL  Heryliya

Share:             EUR             25.564,59

 

Manager:

Haim Nissim

Uhlandstr. 2

D 75233 Tiefenbronn

born: 06.01.1949

Profession: Businessman

Marital status: married

BUSINESS ACTIVITIES

 

 Sectors

 46480   Wholesale of clocks and watches and jewelry

47770   Retail sale of clocks, watches and jewelry

 

 

FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Balance sheet year:  2008

 

 

REAL ESTATE

 

Type of ownership:   Tenant

 Address              Uhlandstr. 2

                      D 75233 Tiefenbronn

 

 Private real estate

 Name:                Haim Nissim

 Type of ownership:   Tenant

 Address              Uhlandstr. 2

                      D 75233 Tiefenbronn

 

 Land register documents were not available.

 

 

BANKERS

 

 COMMERZBANK VORMALS DRESDNER BANK, PFORZHEIM

 Sort. code: 66680013, BIC: DRESDEFF666

 VOLKSBANK WILFERDINGEN-KELTERN, REMCHINGEN

 Sort. code: 66692300, BIC: GENODE61WIR

 

 

FINANCIAL FIGURES

 

 Total numbers of vehicles:                                      1

 Employees:                                                              6

 

BALANCE SHEETS

 

 Balance sheet ratios 2008

 Equity ratio [%]:                  8,59

 Liquidity ratio:                   0,49

 Return on total capital [%]:       1,03

 

 Balance sheet ratios 2007

 Equity ratio [%]:                  7,27

 Liquidity ratio:                   0,52

 Return on total capital [%]:       1,07

 

 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:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR          6.321.283,90

  Fixed assets                           EUR             55.742,09

   Intangible assets                     EUR                752,00

   Tangible assets                       EUR             54.840,09

   Financial assets                      EUR                150,00

  Current assets                         EUR          6.257.810,81

   Stocks                                EUR          3.316.256,00

   Accounts receivable                   EUR          2.674.754,08

   Liquid means                          EUR            266.800,73

  Remaining other assets                 EUR              7.731,00

   Accruals (assets)                     EUR              7.731,00

 

 LIABILITIES                             EUR          6.321.283,90

  Shareholders' equity                   EUR            543.047,90

   Capital                               EUR             25.564,59

    Subscribed capital (share capital)   EUR             25.564,59

   Balance sheet profit/loss (+/-)       EUR            517.483,31

    Profit / loss brought forward        EUR            452.673,75

    Annual surplus / annual deficit      EUR             64.809,56

  Provisions                             EUR             19.900,00

  Liabilities                            EUR          5.758.336,00

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2007 - 31.12.2007

 

 ASSETS                                  EUR          6.575.154,97

  Fixed assets                           EUR             59.086,09

   Intangible assets                     EUR                968,00

   Tangible assets                       EUR             57.968,09

   Financial assets                      EUR                150,00

  Current assets                         EUR          6.506.819,83

   Stocks                                EUR          3.221.632,00

   Accounts receivable                   EUR          3.032.200,83

   Liquid means                          EUR            252.987,00

  Remaining other assets                 EUR              9.249,05

   Accruals (assets)                     EUR              9.249,05

 

 LIABILITIES                             EUR          6.575.154,97

  Shareholders' equity                   EUR            478.238,34

   Capital                               EUR             25.564,59

    Subscribed capital (share capital)   EUR             25.564,59

   Balance sheet profit/loss (+/-)       EUR            452.673,75

    Profit / loss brought forward        EUR            382.002,46

    Annual surplus / annual deficit      EUR             70.671,29

  Provisions                             EUR             29.218,00

  Liabilities                            EUR          6.067.698,63

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.16

UK Pound

1

Rs.70.64

Euro

1

Rs.58.68

 

 

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.