MIRA INFORM
REPORT
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Report Date : |
28.07.2011 |
IDENTIFICATION DETAILS
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Name : |
NOVOTEX TRADING GMBH |
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Registered Office : |
Königsberger Str.
135, D 47809 Krefeld |
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Country : |
Germany |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
27.05.2009 |
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Com. Reg. No.: |
HRB 12454 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of other textiles |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
111,000 EUR |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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) |
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Germany |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Bottom of Form
Company name & address
NOVOTEX Trading GmbH
Main address:
Königsberger Str.
135
D 47809 Krefeld
Telephone: 02151/95850
Telefax: 02151/520054
Homepage: www.novotex.de
VAT no
DE815083688
Synthesis
LEGAL FORM Private
limited company
Date of foundation: 11.05.2009
Shareholders'
agreement: 11.05.2009
Registered on: 27.05.2009
Commercial Register: Local court 47798 Krefeld
under: HRB
12454
Share capital: EUR 200,000.00
Shareholder
Concerta Gesellschaft für
Vermögensverwaltung
und Wirtschaftsberatung
mit beschränkter
Haftung
Uerdinger Str. 202
D 47799 Krefeld
Legal form:
Private limited company
Share
capital: EUR 150,000.00
Share: EUR 120,000.00
Registered on:
12.11.2001
Reg. data: 47798
Krefeld, HRB 7527
Shareholder:
Hans-Georg Münchau
Krüllsdyk 165
D 47803 Krefeld
born: 19.12.1949
Share: EUR 80,000.00
Manager
Hans-Georg Münchau
Krüllsdyk 165
D 47803 Krefeld
having sole power
of representation
born: 19.12.1949
Profession:
Businessman
Marital status:
married
Further functions/participations
of Hans-Georg Münchau (Manager)
Shareholder:
Novotex GmbH
Königsberger Str. 135
D 47809 Krefeld
Legal form: Private
limited company
Share capital: EUR 76,693.78
Share: EUR 30,677.51
Registered
on: 27.05.1981
Reg. data: 47798 Krefeld, HRB 2285
Manager:
Novotex GmbH
Königsberger Str. 135
D 47809 Krefeld
Legal form: Private limited
company
Share capital: EUR 76,693.78
Registered
on: 27.05.1981
Reg. data: 47798 Krefeld, HRB 2285
BUSINESS ACTIVITIES
Secondary industrial sector
1399 Manufacture of other textiles n.e.c.
46421
Wholesale of clothing
4751 Retail sale of textiles
FINANCIAL INFORMATION
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Maximum credit: 111,000
EUR
Balance sheet year: 2009/2010
REAL ESTATE
Type of ownership: Tenant
Address Königsberger
Str. 135
D 47809 Krefeld
Real Estate of: Hans-Georg Münchau
Type of ownership: part
owner
Share: 50.00 %
Address Krüllsdyk
165
D 47803 Krefeld
Land register documents were not available.
BANKERS
COMMERZBANK VORMALS DRESDNER BANK, KREFELD
Sort. code: 32080010, BIC: DRESDEFF320
DEUTSCHE BANK, KREFELD
Sort. code: 32070080, BIC: DEUTDEDD320
SPARKASSE KREFELD, KREFELD
Sort. code: 32050000, BIC: SPKRDE33XXX
FINANCIAL FIGURES
Turnover:
2009/2010 EUR 5,557,351.00
Ac/ts receivable: EUR 721,302.00
Liabillities: EUR 1,364,520.00
Employees:
15
- thereof permanent staff: 15
The aforementioned business figures may partly be estimated information based on average values in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.07.2009 - 30.06.2010
Equity ratio [%]: 36.72
Liquidity ratio: 4.13
Return on total capital [%]: 11.43
Balance sheet ratios 11.05.2009 - 30.06.2009
Equity ratio [%]: 99.87
Liquidity ratio: 10.00
Return on total capital [%]: -2.22
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:
01.07.2009 - 30.06.2010
ASSETS EUR 2,100,023.70
Fixed
assets EUR 210,010.00
Intangible
assets EUR 166,943.00
Other /
unspecified intangible assetsEUR
166,943.00
Tangible
assets EUR 43,067.00
Other /
unspecified tangible assets EUR 43,067.00
Current
assets EUR 1,890,013.70
Stocks EUR 376,724.12
Accounts
receivable EUR 721,302.41
Other
debtors and assets EUR 721,302.41
Liquid
means EUR 791,987.17
LIABILITIES EUR 2,100,023.70
Shareholders'
equity EUR 426,108.41
Capital EUR 200,000.00
Subscribed
capital (share capital) EUR 200,000.00
Balance
sheet profit/loss (+/-) EUR 226,108.41
Profit /
loss brought forward EUR -4,344.39
Annual
surplus / annual deficit EUR 230,452.80
Provisions EUR 309,394.63
Liabilities EUR
1,364,520.66
Other
liabilities EUR 1,364,520.66
Unspecified
other liabilities EUR 1,364,520.66
Type of balance
sheet:
Company balance sheet
Financial year:
11.05.2009 - 30.06.2009
ASSETS EUR 195,905.61
Current
assets EUR 195,905.61
Liquid
means EUR 195,905.61
LIABILITIES EUR 195,905.61
Shareholders'
equity EUR 195,655.61
Capital EUR 200,000.00
Subscribed
capital (share capital) EUR 200,000.00
Balance
sheet profit/loss (+/-) EUR -4,344.39
Annual
surplus / annual deficit EUR -4,344.39
Provisions EUR 250.00
Other / unspecified provisions EUR 250.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.95 |
|
UK Pound |
1 |
Rs.72.12 |
|
Euro |
1 |
Rs.63.67 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.