MIRA INFORM REPORT

 

 

Report Date :           

04.06.2011

 

IDENTIFICATION DETAILS

 

Name :

TRANSORGATEC TRADING GMBH

 

 

Registered Office :

Südallee 75, D 40593 Düsseldorf

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

14.10.1997

 

 

Com. Reg. No.:

HRB 35145

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of other intermediate goods

 

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 :

18.500 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 – 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   Bottom of Form

 

 

TRANSORGATEC Trading GmbH

 

Main address:  

Südallee 75

D 40593 Düsseldorf

Telephone:                    0211/7183400

Telefax:                         0211/7183430

Homepage:                    www.textile-machinery.com

E-mail:                          ttecgmbh@aol.com

 

 

VAT no.

DE812290971

 

 

Tax ID number 

 

106/5726/1942

 

 

Synthesis

 

LEGAL FORM                           Private limited company

Date of foundation:                     1997

Shareholders'

agreement:                                01.09.1997

Registered on:                           14.10.1997

Commercial Register:                 Local court 40213 Düsseldorf

under:                                                   HRB 35145

Share capital:                            EUR             51.129,19

           

 

Shareholder

 

Oliver Anderhub

Südallee 75

D 40593 Düsseldorf

born: 01.04.1962

Share:             EUR             51.129,19

 

Manager

 

Oliver Anderhub

Südallee 75

D 40593 Düsseldorf

authorized to jointly represent the company

born: 01.04.1962

Profession: Businessman

Marital status: married

 

 

COMPANY HISTORY

 

1997 - 01.01.2000        TRANSORGATEC Trading GmbH

Benrather Schloßallee 111

D 40597 Düsseldorf

                                                Private limited company

21.01.2005 - 2006        TRANSORGATEC Trading GmbH

                         Bockhackstr. 37

                         D 40593 Düsseldorf

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

46760   Wholesale of other intermediate goods

 

46901   Non-specialized wholesale of raw materials and half-finished and finished goods

 

4719   Other retail sale in non-specialized stores

 

96090   Other service activities n. e. c.

 

 

FINANCIAL INFORMATION

 

Payment experience:     cash discount/within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            18.500 EUR

 

Balance sheet year:       2009

 

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Südallee 75

                           D 40593 Düsseldorf

 

Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, DÜSSELDORF

Sort. code: 30070010, Account no.: 4946364-00, BIC: DEUTDEDDXXX

 

COMMERZBANK, DÜSSELDORF

Sort. code: 30040000, Account no.: 8006488-00, BIC: COBADEDDXXX

 

COMMERZBANK VORMALS DRESDNER BANK, DÜSSELDORF

Sort. code: 30080000, Account no.: 2141838-00, BIC: DRESDEFF300

 

 

FINANCIAL FIGURES

 

Total numbers of vehicles:                                      3

Employees:                                                      3

- thereof permanent staff:                                      3

 

 

BALANCE SHEETS

 

Balance sheet ratios 2009

Equity ratio [%]:                 12,16

Liquidity ratio:                   1,18

Return on total capital [%]:       0,18

 

Balance sheet ratios 2008

Equity ratio [%]:                 35,71

Liquidity ratio:                  10,00

Return on total capital [%]:      -0,29

 

Balance sheet ratios 2007

Equity ratio [%]:                 44,48

Liquidity ratio:                  10,00

Return on total capital [%]:       9,33

 

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          1.070.324,36

 Fixed assets                           EUR             30.801,86

 Current assets                         EUR          1.034.578,52

  Accounts receivable                   EUR            617.300,51

   Other debtors and assets             EUR            617.300,51

  Liquid means                          EUR            417.278,01

 Remaining other assets                 EUR              4.943,98

  Accruals (assets)                     EUR              4.943,98

 

LIABILITIES                             EUR          1.070.324,36

 Shareholders' equity                   EUR            130.200,06

  Capital                               EUR             51.129,19

   Subscribed capital (share capital)   EUR             51.129,19

  Balance sheet profit/loss (+/-)       EUR             79.070,87

   Annual surplus / annual deficit      EUR              1.960,95

   Balance sheet profit / loss          EUR             77.109,92

 Provisions                             EUR              1.088,91

 Liabilities                            EUR            939.035,39

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2008 - 31.12.2008

 

ASSETS                                  EUR            359.098,01

 Fixed assets                           EUR             30.720,00

 Current assets                         EUR            323.392,12

  Accounts receivable                   EUR             77.864,84

  Liquid means                          EUR            245.527,28

 Remaining other assets                 EUR              4.985,89

  Accruals (assets)                     EUR              4.985,89

 

LIABILITIES                             EUR            359.098,01

 Shareholders' equity                   EUR            128.239,11

  Capital                               EUR             51.129,19

   Subscribed capital (share capital)   EUR             51.129,19

  Balance sheet profit/loss (+/-)       EUR             77.109,92

   Profit / loss brought forward        EUR             78.133,55

   Annual surplus / annual deficit      EUR             -1.023,63

 Provisions                             EUR              3.500,00

 Liabilities                            EUR            227.358,90

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.85

UK Pound

1

Rs.73.29

Euro

1

Rs.64.89

 

 

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.