MIRA INFORM REPORT

 

 

Report Date :

31.01.2011

 

IDENTIFICATION DETAILS

 

Name :

COFFY HANDELS-GESELLSCHAFT BREMEN M.B.H.

 

 

Registered Office :

Waterbergstr. 14, D 28237 Bremen

 

 

Country :

Germany

 

 

Date of Incorporation :

18.07.1985

 

 

Com. Reg. No.:

HRB 10627

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesaler of coffee, tea, cocoa and spices

 

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 :

104.000 EUR

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 & address

 

Coffy Handels-Gesellschaft Bremen m.b.H.

 

Main address:

Waterbergstr. 14

D 28237 Bremen

Telephone:        0421/64905-30

Telefax:             0421/64905-55

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         18.07.1985

Shareholders'

agreement:                    18.07.1985

Registered on:               13.08.1985

Commercial Register:     Local court 28195 Bremen

under:                                       HRB 10627 HB

Share capital:                 EUR          1.000.000,00

 

 

Shareholder

 

Hermsen Holding GmbH

Waterbergstr. 14

D 28237 Bremen

Legal form: Private limited company

Share capital:     EUR          1.600.000,00

Share:             EUR            950.000,00

Registered on: 07.12.1982

Reg. data: 28195 Bremen, HRB 8288 HB

Control and profit transfer agreement

 

Shareholder:

Dieter Fuhrhop

Wehdener Str. 34

D 27619 Schiffdorf

born: 25.07.1952

Share:             EUR             50.000,00

Manager

 

Manfred Hermsen

D 28195 Bremen

born: 07.04.1935

Profession: Businessman

Marital status: married

 

Manager:

Dieter Fuhrhop

Wehdener Str. 34

D 27619 Schiffdorf

born: 25.07.1952

Marital status: married

 

 

Further functions/participations of Manfred Hermsen (Manager)

 

Shareholder:

Hermsen Holding GmbH

Waterbergstr. 14

D 28237 Bremen

Legal form: Private limited company

Share capital:     EUR          1.600.000,00

Share:             EUR            160.000,00

Registered

on:         07.12.1982

Reg. data:  28195 Bremen, HRB 8288 HB

 

Shareholder:

Beteiligungsgesellschaft Hermsen, Biehusen

mbH

Waterbergstr. 14

D 28237 Bremen

Legal form: Private limited company

Share capital:     EUR             25.564,59

Share:             EUR             25.564,59

Registered

on:         04.07.1978

Reg. data:  28195 Bremen, HRB 7145

 

Shareholder:

Reint Alberts GmbH

Waterbergstr. 14

D 28237 Bremen

Legal form: Private limited company

Share capital:     EUR             25.564,59

Share:             EUR             25.564,59

Registered

on:         12.07.1983

Reg. data:  28195 Bremen, HRB 9678

 

Manager:

Hermsen Holding GmbH

Waterbergstr. 14

D 28237 Bremen

Legal form: Private limited company

Share capital:     EUR          1.600.000,00

Registered

on:         07.12.1982

Reg. data:  28195 Bremen, HRB 8288 HB

 

Manager:

Beteiligungsgesellschaft Hermsen, Biehusen

mbH

Waterbergstr. 14

D 28237 Bremen

Legal form: Private limited company

Share capital:     EUR             25.564,59

Registered

on:         04.07.1978

Reg. data:  28195 Bremen, HRB 7145

 

Manager:

Reint Alberts GmbH

Waterbergstr. 14

D 28237 Bremen

Legal form: Private limited company

Share capital:     EUR             25.564,59

Registered

on:         12.07.1983

Reg. data:  28195 Bremen, HRB 9678

 

Manager:

Transcargo Hermsen, Biehusen GmbH

Waterbergstr. 14

D 28237 Bremen

Legal form: Private limited company

Share capital:     EUR          1.000.000,00

Registered

on:         19.09.2008

Reg. data:  28195 Bremen, HRB 25117 HB

 

 

BUSINESS ACTIVITIES

 

Sectors

46370   Wholesale of coffee, tea, cocoa and spices

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            104.000 EUR

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Waterbergstr. 14

                                    D 28237 Bremen

Land register documents were not available.

 

 

BANKERS

 

Principal bank

PLUMP, CARL F. - & CO, BREMEN

Sort. code: 29030400, BIC: PLUMDE29XXX

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2009               EUR          5.200.000,00

                      2010               EUR          5.200.000,00

 further business figures:

 Share capital:                          EUR          1.000.000,00

 Employees:                                                     20

 

Control and profit transfer agreement to:

Hermsen Holding GmbH

Waterbergstr. 14

D 28237 Bremen

 

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.45.74

UK Pound

1

Rs.72.73

Euro

1

Rs.62.73

 

 

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

 

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.