MIRA INFORM REPORT

 

 

Report Date :

20.06.2011

 

IDENTIFICATION DETAILS

 

Name :

CYRUS GMBH SCHWINGTECHNIK

 

 

Registered Office :

Am Stadion 40 D 45659 Recklinghausen Post Box 100315, D 45603 Recklinghausen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

11.08.1976

 

 

Com. Reg. No.:

HRB 690

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of other special-purpose machinery

 

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 :

112,000 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

 

Name and address

 

Cyrus GmbH Schwingtechnik

 

Main address:       

Am Stadion 40

D 45659 Recklinghausen

Post Box:

100315, D 45603 Recklinghausen

Telephone:02361/91920

Telefax:  02361/919215

Homepage: www.cyrus-schwingtechnik.de

E-mail:   cyrusgmbh@t-online.de

 

 

VAT no.        

 

DE126342620

 

Tax ID number      

 

340/5732/0062

 

 

Registration data

 

LEGAL FORM               Private limited company

Date of foundation:         1976

Shareholders'

agreement:                    16.06.1976

Registered on:               11.08.1976

Commercial Register:     Local court 45657 Recklinghausen

under:               HRB 690

 

 

Share capital                       

 

EUR             26,000.00

 

 

Shareholder

 

F.E. Schulte Strathaus GmbH & Co. KG

Fördertechnik Dichtungssysteme

Runtestr. 42

D 59457 Werl

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR            235,000.00

contribution:

Share:             EUR             26,000.00

Registered on: 17.09.1997

Reg. data: 59821 Arnsberg, HRA 4454

 

Manager:

Dr. Michael Schulte Strathaus

Meßbergstr. 45

D 58739 Wickede

having sole power of representation

born: 28.10.1954

Profession: Fully qualified merchant

Property regime: Statutory matrimonial

property regime

Marital status: married

 

 

Further functions/participations of Dr. Michael Schulte Strathaus

(Manager)

 

Limited partner:

F.E. Schulte Strathaus GmbH & Co. KG

Fördertechnik Dichtungssysteme

Runtestr. 42

D 59457 Werl

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR            235,000.00

contribution:

Share:             EUR            223,250.00

Registered

on:         17.09.1997

Reg. data:  59821 Arnsberg, HRA 4454

 

Shareholder:

Schulte Strathaus GmbH

Runtestr. 42

D 59457 Werl

Legal form: Private limited company

Share capital:     EUR             30,000.00

Share:             EUR             30,000.00

Registered

on:         15.09.1998

Reg. data:  59821 Arnsberg, HRB 4417

 

Shareholder:

F.E. Schulte-Strathaus GmbH Vulkanisier- und

Transporttechnik Saar

Am Grubenstollen 12

D 66386 St. Ingbert

Legal form: Private limited company

dissolved

Share capital:     EUR             76,693.78

Share:             EUR             25,564.59

Registered

on:         13.03.1978

Reg. data:  66386 St. Ingbert, HRB 2163

 

Shareholder:

VULKA Industrie Vulkanisation Gesellschaft

mit beschränkter Haftung

Max-Planck-Str. 8

D 59423 Unna

Legal form: Private limited company

dissolved

Share capital:     EUR             92,032.53

Share:             EUR             23,008.13

Registered

on:         22.09.1975

Reg. data:  59425 Unna, HRB 250

 

Manager:

Schulte Strathaus GmbH

Runtestr. 42

D 59457 Werl

Legal form: Private limited company

Share capital:     EUR             30,000.00

Registered

on:         15.09.1998

Reg. data:  59821 Arnsberg, HRB 4417

 

Manager:

F.E. Schulte-Strathaus GmbH Vulkanisier- und

Transporttechnik Saar

Am Grubenstollen 12

D 66386 St. Ingbert

Legal form: Private limited company

dissolved

Share capital:     EUR             76,693.78

Registered

on:         13.03.1978

Reg. data:  66386 St. Ingbert, HRB 2163

 

Manager:

VULKA Industrie Vulkanisation Gesellschaft

mit beschränkter Haftung

Max-Planck-Str. 8

D 59423 Unna

Legal form: Private limited company

dissolved

Share capital:     EUR             92,032.53

Registered

on:         22.09.1975

Reg. data:  59425 Unna, HRB 250

 

President of the Board of Directors:

Lebenszentrum Königsborn - gemeinnütziger

Verein -

Zimmerplatz 1

D 59425 Unna

Post Box:

1642, D 59406 Unna

Legal form: Association granted by the

government

 

 

COMPANY HISTORY

 

08.02.1995 - 03.09.1998  Cyrus GmbH

                         Am Stadion 40

                         D 45659 Recklinghausen

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

2899   Manufacture of other special-purpose machinery n.e.c.

 

 

FINANCIAL INFORMATION

 

Payment experience:  cash discount/within agreed terms

 

Negative information:We have no negative information at hand.

 

Maximum credit:      112,000 EUR

 

Balance sheet year:  2009

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Am Stadion 40

                     D 45659 Recklinghausen

 

Real Estate of:      Dr. Michael Schulte Strathaus

Type of ownership:   proprietor

Share:                100.00 %

Address              Kapellenstr. 33

                     D 58739 Wickede

Type of real estate: detached single-family house

Value at selling price:                 EUR            358,000.00

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK VORMALS DRESDNER BANK, RECKLINGHAUSEN, WESTF

Sort. code: 42680081, Account no.: 651907000, BIC: DRESDEFF426

SPARKASSE VEST RECKLINGHAUSEN, RECKLINGHAUSEN, WESTF

Sort. code: 42650150, Account no.: 90005356, BIC: WELADED1REK

 

 

FINANCIAL FIGURES

 

Turnover:            2009               EUR          5,610,000.00

Total numbers of vehicles:                                      5

- Passenger cars:                                               5

Employees:                                                     34

 

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 [%]:                 34.82

Liquidity ratio:                   0.75

Balance sheet grade:                3.0

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 23.69

Liquidity ratio:                   0.50

Balance sheet grade:                3.5

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 41.29

Liquidity ratio:                   0.98

Balance sheet grade:                2.9

 

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.

 

Balance sheet grade

The balance sheet grade is based on the following ratios: equity

ratio, liquidity ratio and return on total capital from the

balance sheets published in the Federal Gazette. It is calculated

in accordance with the methodology of Euler Hermes. It ranges

from 1.0 (positive) to 5.0 (negative).

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          1,565,206.57

 Fixed assets                           EUR            546,492.00

  Intangible assets                     EUR             26,490.00

   Other / unspecified intangible assetsEUR             26,490.00

  Tangible assets                       EUR            515,002.00

   Other / unspecified tangible assets  EUR            515,002.00

  Financial assets                      EUR              5,000.00

   Other / unspecified financial assets EUR              5,000.00

 Current assets                         EUR          1,001,297.57

  Stocks                                EUR            236,572.54

  Accounts receivable                   EUR            301,165.39

   Other debtors and assets             EUR            301,165.39

  Liquid means                          EUR            463,559.64

 Remaining other assets                 EUR             17,417.00

  Accruals (assets)                     EUR             17,417.00

 

LIABILITIES                             EUR          1,565,206.57

 Shareholders' equity                   EUR            553,562.52

  Capital                               EUR             26,000.00

   Subscribed capital (share capital)   EUR             26,000.00

  Balance sheet profit/loss (+/-)       EUR            527,562.52

   Profit / loss brought forward        EUR            527,562.52

 Items between shareholders' equity and

 debt capital                           EUR             65,951.72

  Allowances / bonuses                  EUR             65,951.72

 Provisions                             EUR             80,751.50

 Liabilities                            EUR            864,940.83

  Other liabilities                     EUR            864,940.83

   Unspecified other liabilities        EUR            864,940.83

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2008 - 31.12.2008

 

ASSETS                                  EUR          2,259,256.09

 Fixed assets                           EUR            603,685.00

  Intangible assets                     EUR             48,216.00

  Tangible assets                       EUR            550,469.00

  Financial assets                      EUR              5,000.00

 Current assets                         EUR          1,633,407.09

  Stocks                                EUR            697,877.87

  Accounts receivable                   EUR            611,134.36

   Other debtors and assets             EUR            611,134.36

  Liquid means                          EUR            324,394.86

 Remaining other assets                 EUR             22,164.00

  Accruals (assets)                     EUR             22,164.00

 

LIABILITIES                             EUR          2,259,256.09

 Shareholders' equity                   EUR            553,562.52

  Capital                               EUR             26,000.00

   Subscribed capital (share capital)   EUR             26,000.00

  Balance sheet profit/loss (+/-)       EUR            527,562.52

   Profit / loss brought forward        EUR            527,562.52

 Provisions                             EUR            150,190.00

 Liabilities                            EUR          1,555,503.57

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.93

UK Pound

1

Rs.72.42

Euro

1

Rs.63.62

 

 

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.