MIRA
INFORM REPORT
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Report Date : |
16.06.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
CODELLO LIFESTYLE-ACCESSOIRES GMBH |
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Registered Office : |
Bahnhofstr. 8c, D 82229 Seefeld |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
14.12.1979 |
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Com. Reg. No.: |
HRB 61467 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of other Wearing Apparel and
Accessories. |
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 : |
250,000 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, 2010
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Company name
Codello Lifestyle-Accessoires GmbH
Main address
Bahnhofstr. 8c
D 82229 Seefeld
Telephone:08152/9903-0
Telefax: 08152/9903-10
Homepage: www.codello.de
E-mail: info@codello.de
VAT no
DE128219410
CONCLUSION
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation : 14.12.1979
Shareholders'
Agreement : 14.12.1979
Registered on :
07.02.1980
Commercial Register : Local court 80797 München
Under : HRB 61467
Share capital :EUR 204,516.75
Shareholder
Heinrich Schnabl
Brunnenweg 3
OT Hechendorf
D 82229 Seefeld
born: 01.10.1943
Share: EUR 204,516.75
Manager
Heinrich Schnabl
Brunnenweg 3
OT Hechendorf
D 82229 Seefeld
having sole power of representation
born: 01.10.1943
Profession: Businessman
Marital status: married
Manager:
Michael Schnabl
D 82229 Seefeld
having sole power of representation
born: 01.04.1976
Manager:
Miriam Schnabl
D 82229 Seefeld
having sole power of representation
born: 22.07.1981
Further functions/participations of
Heinrich Schnabl (Manager)
Manager:
Codello Retail GmbH
Brunnenweg 3
D 82229 Seefeld
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 23.02.2006
Reg. data: 80797 München,
HRB 161184
Further functions/participations of
Michael Schnabl (Manager)
Manager:
Codello Retail GmbH
Brunnenweg 3
D 82229 Seefeld
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 23.02.2006
Reg. data: 80797 München,
HRB 161184
BUSINESS ACTIVITIES
Sectors
14190 Manufacture of other wearing apparel and
accessories
n.e.c.
PARTICIPATIONS
Shareholder:
Codello Retail GmbH
Brunnenweg 3
D 82229 Seefeld
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 23.02.2006
Local court 80797 München
HRB 161184
FINANCIAL INFORMATION
Payment experience: within agreed terms
Negative information:We
have no negative information at hand.
Maximum credit: 250,000 EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership : Tenant
Address Bahnhofstr.
8c
D 82229 Seefeld
Real Estate of : Heinrich Schnabl
Type of ownership : proprietor
Share : 100.00 %
Address Brunnenweg
3 OT Hechendorf
D 82229 Seefeld
Type of real estate : residential and business location
Value at selling price : EUR
1,023,000.00
Land register documents
were not available.
BANKERS
Principal bank
COMMERZBANK, MÜNCHEN
Sort. code: 70040041, BIC:
COBADEFF700
FINANCIAL FIGURES
Turnover: 2009 EUR 15,697,539.00
Profit: 2009 EUR 397,989.00
Total numbers of
vehicles:
5
Employees:
49
- thereof permanent
staff: 49
BALANCE SHEETS
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: 54.83
Liquidity ratio: 3.53
Return on total capital
[%]: 6.27
Balance sheet grade: 1.7
Balance sheet ratios
01.01.2008 - 31.12.2008
Equity ratio [%]: 57.87
Liquidity ratio: 3.56
Return on total capital
[%]: 2.47
Balance sheet grade: 1.7
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 6,461,552.04
Fixed assets
EUR 769,505.00
Intangible assets
EUR 214,882.00
Other / unspecified intangible assetsEUR 214,882.00
Tangible assets EUR 529,622.00
Land / similar rights
EUR 56,836.00
Plant / machinery
EUR 13,636.00
Other tangible assets / fixtures and
fittings
EUR 459,150.00
Financial assets
EUR 25,001.00
Shares in participations /
subsidiaries and the like
EUR 25,001.00
Shares in related companies
EUR 25,001.00
Current assets
EUR 5,674,973.04
Stocks
EUR 1,409,665.00
Accounts receivable
EUR 3,001,353.51
Other debtors and assets
EUR 3,001,353.51
Liquid means
EUR 1,263,954.53
Remaining other assets
EUR 17,074.00
Accruals (assets)
EUR 17,074.00
LIABILITIES EUR 6,461,552.04
Shareholders' equity
EUR 2,793,627.16
Capital
EUR 204,516.75
Subscribed capital (share capital)
EUR 204,516.75
Reserves EUR 740,000.00
Capital reserves
EUR 740,000.00
Balance sheet profit/loss (+/-)
EUR 1,849,110.41
Balance sheet profit / loss
EUR 1,849,110.41
Provisions EUR 755,152.00
Liabilities
EUR 2,912,772.88
Financial debts
EUR 76,202.43
Liabilities due to banks
EUR 76,202.43
Other liabilities
EUR 2,836,570.45
Unspecified other liabilities
EUR 2,836,570.45
Profit and loss account (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 8,074,720.96
Staff expenses
EUR 2,065,166.36
Wages and salaries
EUR 1,767,584.81
Social security contributions and
expenses for pension plans and
benefits EUR 297,581.55
Total depreciation
EUR 267,404.06
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 267,404.06
Other operating expenses
EUR 5,100,495.42
Operating result from continuing
operations
EUR 641,655.12
Interest result (+/-)
EUR -91,374.82
Interest and similar income EUR 9,293.16
Interest and similar expenses
EUR 100,667.98
Financial result (+/-)
EUR -91,374.82
Result from ordinary operations (+/-)
EUR 550,280.30
Income tax / refund of income tax (+/-)EUR -149,030.64
Other taxes / refund of taxes
EUR -3,261.08
Tax (+/-)
EUR -152,291.72
Annual surplus / annual deficit
EUR 397,988.58
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 5,691,445.15
Fixed assets
EUR 576,597.00
Intangible assets
EUR 843.00
Other / unspecified intangible assetsEUR 843.00
Tangible assets
EUR 550,754.00
Land / similar rights
EUR 54,070.00
Plant / machinery
EUR 16,120.00
Other tangible assets / fixtures and
fittings
EUR 480,564.00
Financial assets
EUR 25,000.00
Shares in participations /
subsidiaries and the like
EUR 25,000.00
Shares in related companies
EUR 25,000.00
Current assets
EUR 5,114,848.15
Stocks
EUR 1,336,494.00
Accounts receivable
EUR 2,617,153.82
Other debtors and assets
EUR 2,617,153.82
Liquid means
EUR 1,161,200.33
LIABILITIES EUR 5,691,445.15
Shareholders' equity
EUR 2,395,638.58
Capital
EUR 204,516.75
Subscribed capital (share capital)
EUR 204,516.75
Reserves EUR 740,000.00
Capital reserves
EUR 740,000.00
Balance sheet profit/loss (+/-)
EUR 1,451,121.83
Balance sheet profit / loss
EUR 1,451,121.83
Provisions
EUR 501,501.00
Liabilities
EUR 2,794,305.57
Financial debts
EUR 175,000.00
Liabilities due to banks
EUR 175,000.00
Other liabilities
EUR 2,619,305.57
Unspecified other liabilities
EUR 2,619,305.57
Profit and loss account (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 6,763,794.70
Staff expenses
EUR 1,765,447.64
Wages and salaries
EUR 1,483,414.45
Social security contributions and
expenses for pension plans and
benefits EUR 282,033.19
Total depreciation
EUR 146,464.72
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 146,464.72
Other operating expenses
EUR 4,598,135.47
Operating result from continuing
operations
EUR 253,746.87
Interest result (+/-)
EUR -53,826.99
Interest and similar income
EUR 35,538.52
Interest and similar expenses
EUR 89,365.51
Financial result (+/-)
EUR -53,826.99
Result from ordinary operations (+/-)
EUR 199,919.88
Income tax / refund of income tax (+/-)EUR -57,814.89
Other taxes / refund of taxes
EUR -1,616.70
Tax (+/-)
EUR -59,431.59
Annual
surplus / annual deficit EUR 140,488.29
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.68 |
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1 |
Rs.73.04 |
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Euro |
1 |
Rs.64.29 |
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.