MIRA INFORM REPORT

 

 

Report Date :           

27.07.2011

 

IDENTIFICATION DETAILS

 

Name :

CMD GMBH

 

 

Registered Office :

Beerenhuk 2, D 46499 Hamminkeln              

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

17.02.2003

 

 

Com. Reg. No.:

HRB 11716

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of textiles

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

8,000 EUR

 

 

Status :

Small Company 

 

 

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 – 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 

 

CMD GmbH

 

Main address:

Beerenhuk 2

D 46499 Hamminkeln

Telephone:        02852/711830

Telefax:             02852/711832

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         01.04.2000

Shareholders'

agreement:                    03.01.2003

Registered on:               17.02.2003

Commercial Register:     Local court 47051 Duisburg

under:                                       HRB 11716

Share capital:                 EUR             25,000.00

 

 

Shareholder

 

Elisabeth Hildegard Kindt

Krechtinger Str. 37

D 46499 Hamminkeln

née: Schmänk

Share:             EUR             25,000.00

 

 

Manager

 

Elisabeth Hildegard Kindt

Krechtinger Str. 37

D 46499 Hamminkeln

having sole power of representation

née: Schmänk

Profession: Businessman

 

 

COMPANY HISTORY

 

01.04.2000 - 2001        Elisabeth Hildegard Kindt

                         D 46499 Hamminkeln

                         Unregistered commercial enterprise

17.02.2003 - 2006        CMD GmbH

                         Rheder Str. 9

                         D 46499 Hamminkeln

                         Private limited company

2007 - 24.09.2008        CMD GmbH

                         Beerenhuk 2

                         D 46499 Hamminkeln

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

4641   Wholesale of textiles

4751   Retail sale of textiles

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            8,000 EUR

 

 

Balance sheet year:       2009

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Beerenhuk 2

                                    D 46499 Hamminkeln

 

Land register documents were not available.

 

 

BANKERS

 

VOLKSBANK RHEIN-RUHR, DUISBURG

Sort. code: 35060386, BIC: GENODED1VRR

 

VOLKSBANK, HAMMINKELN

Sort. code: 42861416, BIC: GENODEM1HDI

 

 

FINANCIAL FIGURES

 

Turnover:            2009               EUR            480,000.00

                     2010               EUR            475,000.00

further business figures:

Ac/ts receivable:                       EUR          1,097,553.00

Liabilities:                           EUR          1,534,657.00

Employees:                                                      4

 

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

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 27.00

Liquidity ratio:                   1.39

Return on total capital [%]:       3.04

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 26.06

Liquidity ratio:                   1.18

Return on total capital [%]:       0.07

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 20.57

Liquidity ratio:                   1.15

Return on total capital [%]:       1.96

 

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          2,141,151.64

 Fixed assets                           EUR            139,808.73

  Intangible assets                     EUR             20,611.06

   Other / unspecified intangible assetsEUR             20,611.06

  Tangible assets                       EUR            119,197.67

   Other / unspecified tangible assets  EUR            119,197.67

 Current assets                         EUR          2,000,563.68

  Stocks                                EUR            156,782.76

  Accounts receivable                   EUR          1,097,553.73

   Other debtors and assets             EUR          1,097,553.73

  Liquid means                          EUR            746,227.19

 Remaining other assets                 EUR                779.23

  Accruals (assets)                     EUR                779.23

 

LIABILITIES                             EUR          2,141,151.64

 Shareholders' equity                   EUR            585,536.73

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Balance sheet profit/loss (+/-)       EUR            560,536.73

   Profit / loss brought forward        EUR            495,851.10

   Annual surplus / annual deficit      EUR             64,685.63

 Provisions                             EUR             20,957.00

 Liabilities                            EUR          1,534,657.91

  Other liabilities                     EUR          1,534,657.91

   Unspecified other liabilities        EUR          1,534,657.91

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2008 - 31.12.2008

 

ASSETS                                  EUR          1,965,987.39

 Fixed assets                           EUR            160,208.32

  Intangible assets                     EUR             22,944.46

  Tangible assets                       EUR            137,263.86

 Current assets                         EUR          1,804,992.00

  Stocks                                EUR            181,533.26

  Accounts receivable                   EUR          1,389,147.50

  Liquid means                          EUR            234,311.24

 Remaining other assets                 EUR                787.07

  Accruals (assets)                     EUR                787.07

 

LIABILITIES                             EUR          1,965,987.39

 Shareholders' equity                   EUR            520,851.10

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Balance sheet profit/loss (+/-)       EUR            495,851.10

   Profit / loss brought forward        EUR            494,496.53

   Annual surplus / annual deficit      EUR              1,354.57

 Provisions                             EUR             32,138.00

 Liabilities                            EUR          1,412,998.29 Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.29

UK Pound

1

Rs.72.37

Euro

1

Rs.64.17

 

 

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.