MIRA INFORM REPORT

 

 

Report Date :

29.01.2011

 

IDENTIFICATION DETAILS

 

Name :

INTER TROPIC TEXTILHANDELS-,REISEVERMITTLUNGS- UND IMMOBILIEN GMBH

 

 

Registered Office :

Lenenweg 10, D 47918 Tonisvorst

 

 

Country :

Germany

 

 

Financials (as on) :

30.06.2009

 

 

Date of Incorporation :

17.12.1991

 

 

Com. Reg. No.:

HRB 9292

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of Textiles.

 

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 :

EUR 143.000

 

 

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 and address

 

Inter Tropic Textilhandels-,Reisevermittlungs- und Immobilien GmbH

 

Main address:       

Lenenweg 10

D 47918 Tönisvorst

Telephone:02151/820860

Telefax:  02151/8208670

Homepage: www.eurotex.dec

E-mail:   email@eurotex.de

 

 

VAT no           

 

DE119996341

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Syntheris

 

 LEGAL FORM             Private limited company

 Date of foundation:     17.12.1991

 Shareholders'

 agreement:                 17.12.1991

 Registered on:            06.03.1992

 Commercial Register: Local court 47798 Krefeld

 under:  HRB 9292

 

Share capital:EUR 55.000,00

 

 

Shareholder

                     

Hans Jürgen Friedrich Karl Adamski

Lenenweg 10

D 47918 Tönisvorst

born: 06.05.1952

Share:EUR             25.000,00

 

Shareholder:

 

Reinhardt Jung

Hausweberstr. 18

D 41352 Korschenbroich

born: 26.02.1960

Share:EUR             15.000,00

 

Shareholder:

 

Peter Uwe Rolf Schmidt jun.

Feldburgweg 68

D 47918 Tönisvorst

born: 17.01.1960

Share:EUR 15.000,00

 

 

Manager

                    

 Peter Schmidt

 Bachstr. 11

 D 47918 Tönisvorst

 Profession: Civil engineer

 Marital status: married

 

Manager:

 

Reinhardt Jung

Hausweberstr. 18

D 41352 Korschenbroich

having sole power of representation

born: 26.02.1960

 

Further functions/participations of Peter Schmidt (Manager)

 

General partner:

 

Friedhelm Weisselberg, Peter Schmidt, Anna

Chorvat und Gerhard Manthey GbR

Rheinstr. 40-42

D 47799 Krefeld

Legal form: Partnership under the Civil Code

 

 

COMPANY HISTORY

 

06.03.1992 - 16.04.2004  Inter Tropic Textilhandels und

Reisevermittlungs-GmbH

Lenenweg 10

D 47918 Tönisvors

Private limited company

 

16.04.2004 - 16.04.2004  Inter Tropic Textilhandels-,

Reisevermittlungs- und Immobilien GmbH

Lenenweg 10

D 47918 Tönisvorst

Private limited company

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

79110   Travel agencies

Secondary industrial sector

4641   Wholesale of textiles

68202   Renting of own or leased commercial property and

non-residential buildings

68312   Real estate agencies on a fee or contract basis

specialized in commercial property and non-residential buildings

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Maximum credit:      143.000 EUR

 

Balance sheet year:  2008/2009

 

 

REAL ESTATE

 

Type of ownership:Tenant

Address Lenenweg 10

             D 47918 Tönisvorst

 

Private real estate

Name: Peter Schmidt

Type of ownership: proprietor

Share:                100,00 %

Address              Bachstr. 11

                           D 47918 Tönisvorst

 

Private real estate

Name: Reinhardt Jung

Type of ownership:unknown

Address :Hausweberstr. 18

               D 41352 Korschenbroich

 

 Land register documents were not available.

 

 

BANKERS

 

Principal bank

DEUTSCHE BANK, KREFELD

Sort. code: 32070080, BIC: DEUTDEDD320

 

 Further bank

 COMMERZBANK VORMALS DRESDNER BANK, KREFELD

 Sort. code: 32080010, BIC: DRESDEFF320

 

 

 FINANCIAL FIGURES

 

Turnover:            2009               EUR          8.300.000,00

                     2010               EUR          8.400.000,00

 further business figures:

 Employees:                                                     14

 

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

 

 

BALANCE SHEETS

 

Balance sheet ratios 2008/2009

Equity ratio [%]:                 25,69

Liquidity ratio:                   1,43

Return on total capital [%]:       0,37

Euler Hermes Balance sheet          2,9

grade:

 

Balance sheet ratios 2007/2008

Equity ratio [%]:                 27,00

Liquidity ratio:                   1,52

Return on total capital [%]:       1,00

Euler Hermes Balance sheet          2,9

grade:

 

Balance sheet ratios 2006/2007

 Equity ratio [%]:                 18,99

 Liquidity ratio:                   0,86

 Return on total capital [%]:       0,16

 Euler Hermes Balance sheet          3,0

 grade:

 

 

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.

 

Euler Hermes Balance sheet grade

 

The Euler Hermes balance sheet grade is based on the ratios equity ratio, liquidity ratio, return on total capital from the published balance sheets. It ranges from 1 (positive) to 5 (negative).

 

Type of balance sheet:               Company balance sheet

 

Financial year:      01.07.2008 - 30.06.2009

 

 ASSETS                                  EUR          1.700.127,21

  Fixed assets                           EUR             56.788,50

   Intangible assets                     EUR                  2,00

   Tangible assets                       EUR             56.786,50

  Current assets                         EUR          1.620.370,26

   Stocks                                EUR            286.339,01

   Accounts receivable                   EUR          1.100.706,00

   Investments in current assets         EUR                  0,00

   Liquid means                          EUR            233.325,25

  Remaining other assets                 EUR             22.968,45

   Accruals (assets)                     EUR             22.968,45

 

 LIABILITIES                             EUR          1.700.127,21

  Shareholders' equity                   EUR            436.732,23

   Capital                               EUR             55.000,00

    Subscribed capital (share capital)   EUR             55.000,00

   Balance sheet profit/loss (+/-)       EUR            381.732,23

    Profit / loss brought forward        EUR            375.407,64

    Annual surplus / annual deficit      EUR              6.324,59

  Provisions                             EUR            256.853,34

  Liabilities                            EUR          1.003.641,64

  Other liabilities                      EUR              2.900,00

   Deferrals (liabilities)               EUR              2.900,00

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.07.2007 - 30.06.2008

 

 ASSETS                                  EUR          1.593.564,10

  Fixed assets                           EUR             72.570,50

   Intangible assets                     EUR                113,00

   Tangible assets                       EUR             72.457,50

  Current assets                         EUR          1.497.242,27

   Stocks                                EUR            268.262,98

   Accounts receivable                   EUR            745.024,36

   Investments in current assets         EUR             87.619,66

   Liquid means                          EUR            396.335,27

  Remaining other assets                 EUR             23.751,33

   Accruals (assets)                     EUR             23.751,33

 

 LIABILITIES                             EUR          1.593.564,10

  Shareholders' equity                   EUR            430.407,64

   Capital                               EUR             55.000,00

    Subscribed capital (share capital)   EUR             55.000,00

   Balance sheet profit/loss (+/-)       EUR            375.407,64

    Profit / loss brought forward        EUR            362.135,30

    Annual surplus / annual deficit      EUR             13.272,34

  Provisions                             EUR            273.208,74

  Liabilities                            EUR            887.047,72

  Other liabilities                      EUR              2.900,00

   Deferrals (liabilities)               EUR              2.900,00

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.57

UK Pound

1

Rs.72.50

Euro

1

Rs.62.46

 

 

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.