MIRA INFORM REPORT

 

 

Report Date :           

09.07.2011

 

IDENTIFICATION DETAILS

 

Name :

CLAUS HIRSCHBURGER GMBH

 

 

Registered Office :

Krummer Weg 40, D 72762 Reutlingen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

14.07.1993

 

 

Com. Reg. No.:

HRB 352651

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer 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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct 

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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 

 

Claus Hirschburger GmbH

 

Main address:

Krummer Weg 40

D 72762 Reutlingen

Telephone:        07121/24581

Telefax:             07121/25230

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         25.03.1993

Shareholders'

agreement:                    25.03.1993

Registered on:               14.07.1993

Commercial Register:     Local court 70190 Stuttgart

under:                                       HRB 352651

Share capital:                 EUR             25,564.59

 

 

Shareholder

 

Claus Hirschburger

D 72760 Reutlingen

Share:             EUR             23,008.13

 

Shareholder:

Gudrun Hirschburger

D 72760 Reutlingen

Share:             EUR              2,556.46

 

 

Manager

 

Claus Hirschburger

D 72760 Reutlingen

having sole power of representation

Profession: Fully qualified management

expert

 

 

BUSINESS ACTIVITIES

 

Sectors

13   Manufacture  of textiles

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

 

Negative information:      We have no negative information at hand.

 

Balance sheet year:       2009

 

 

REAL ESTATE

 

Type of ownership:   proprietor

Share:                100.00 %

Address              Krummer Weg 40

                        D 72762 Reutlingen

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK, REUTLINGEN

Sort. code: 64040033, BIC: COBADEFF640

 

 

FINANCIAL FIGURES

 

Employees:                                                      1

 

BALANCE SHEETS

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:               -707.43

Liquidity ratio:                   0.09

Return on total capital [%]:    -184.73

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:               -584.15

Liquidity ratio:                   0.15

Return on total capital [%]:      47.32

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:               -209.28

Liquidity ratio:                   0.33

Return on total capital [%]:    -229.52

 

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            109,980.32

 Current assets                         EUR             13,375.95

  Accounts receivable                   EUR              9,393.86

   Other debtors and assets             EUR              9,393.86

  Liquid means                          EUR              3,982.09

 Remaining other assets                 EUR             96,604.37

  Accruals (assets)                     EUR                245.08

  Deficit not covered by shareholders'

  equity                                EUR             96,359.29

 

LIABILITIES                             EUR            109,980.32

 Shareholders' equity                   EUR                  0.00

  Capital                               EUR             25,564.59

   Subscribed capital (share capital)   EUR             25,564.59

  Balance sheet profit/loss (+/-)       EUR           -121,923.88

   Balance sheet profit / loss          EUR           -121,923.88

  Other shareholders' equity (+/-)      EUR             96,359.29

   Deficit not covered by shareholders'

   equity                               EUR             96,359.29

 Provisions                             EUR              3,000.00

 Liabilities                            EUR            106,980.32

  Other liabilities                     EUR            106,980.32

   Unspecified other liabilities        EUR            106,980.32

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2008 - 31.12.2008

 

ASSETS                                  EUR             83,384.82

 Fixed assets                           EUR                189.00

  Tangible assets                       EUR                189.00

 Current assets                         EUR             11,999.08

  Accounts receivable                   EUR             11,992.41

  Liquid means                          EUR                  6.67

 Remaining other assets                 EUR             71,196.74

  Deficit not covered by shareholders'

  equity                                EUR             71,196.74

 

LIABILITIES                             EUR             83,384.82

 Shareholders' equity                   EUR                  0.00

  Capital                               EUR             25,564.59

   Subscribed capital (share capital)   EUR             25,564.59

  Balance sheet profit/loss (+/-)       EUR            -96,761.33

   Balance sheet profit / loss          EUR            -96,761.33

  Other shareholders' equity (+/-)      EUR             71,196.74

   Deficit not covered by shareholders'

   equity                               EUR             71,196.74

 Provisions                             EUR              4,600.00

 Liabilities                            EUR             78,784.82

 

There may have been some changes since our last research took place. Therefore, a freshly researched report will follow shortly. Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.33

UK Pound

1

Rs.70.74

Euro

1

Rs.63.65

 

 

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.