MIRA INFORM REPORT

 

 

Report Date :           

29.06.2011

 

IDENTIFICATION DETAILS

 

Name :

NIMOTEX VERTRIEBS-GMBH

 

 

Registered Office :

Wiesenstr. 50, D 33415 Verl

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

15.07.1992

 

 

Com. Reg. No.:

HRB 2869

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of textiles

 

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 :

44,000 EUR

Status :

Satisfactory

Payment Behaviour :

Usually Correct 

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  

 

Nimotex Vertriebs-GmbH

 

 

Main address:

Wiesenstr. 50

D 33415 Verl

Telephone:        05246/4744

Telefax:             05246/82326

Homepage:        www.nimotex.de

E-mail:              manfred.ost@nimotex.de

 

 

VAT no.        

 

DE126793539

 

 

Tax ID number

 

347/5858/0176

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         1992

Begin of business

activities:                       1992

Registered on:               15.07.1992

Commercial Register:     Local court 33330 Gütersloh

under:                                       HRB 2869

 Share capital:                EUR            240,000.00

 

Shareholder

 

Manfred Ost

Eichendorffstr. 75a

D 33415 Verl

born: 05.09.1942

Share:             EUR            160,000.00

 

Shareholder:

Dominik Ost

Arndtstr. 30

D 33415 Verl

born: 31.05.1972

Share:             EUR             80,000.00

 

 

Manager

 

Manfred Ost

Eichendorffstr. 75a

D 33415 Verl

having sole power of representation

born: 05.09.1942

Property regime: Statutory matrimonial

property regime

Marital status: married

 

Manager:

Dominik Ost

Arndtstr. 30

D 33415 Verl

having sole power of representation

born: 31.05.1972

 

 

COMPANY HISTORY

 

 10.10.1997 - 30.04.2000  Nimotex Vertriebs-GmbH

                          Hegselweg 82

                          D 33415 Verl

                          Private limited company

 01.05.2000 - 01.05.2000  Nimotex Vertriebs-GmbH

                          Wiesenstr.50

                          D 33415 Verl

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

46410   Wholesale of textiles

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            44,000 EUR

 

Balance sheet year:       2009

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Wiesenstr. 50

                      D 33415 Verl

 

 Real Estate of:      Manfred Ost

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Eichendorffstr. 75 A

                      D 33415 Verl

 

 Real Estate of:      Manfred Ost

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Arndtstr. 33

                      D 33415 Verl

 Type of real estate: owner-occupied flat

 

 Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK VORMALS DRESDNER BANK, GÜTERSLOH

Sort. code: 47880031, BIC: DRESDEFF478

 

DEUTSCHE BANK, GÜTERSLOH

Sort. code: 48070040, BIC: DEUTDE3B480

 

VOLKSBANK GÜTERSLOH, GÜTERSLOH

Sort. code: 47860125, BIC: GENODEM1GTL

 

 

FINANCIAL FIGURES

 

 Turnover:            2009               EUR          2,800,000.00

                      2010               EUR          2,600,000.00

 further business figures:

 Total numbers of vehicles:                                      3

 Employees:                                                      3

 - thereof permanent staff:                                      3

 

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 [%]:                  0.33

 Liquidity ratio:                   0.28

 Return on total capital [%]:     -19.98

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 22.31

 Liquidity ratio:                   0.44

 Return on total capital [%]:       0.33

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 17.00

 Liquidity ratio:                   0.42

 

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          1,045,184.69

  Fixed assets                           EUR            161,705.03

   Tangible assets                       EUR              5,012.00

    Other / unspecified tangible assets  EUR              5,012.00

   Financial assets                      EUR            156,693.03

    Other / unspecified financial assets EUR            156,693.03

  Current assets                         EUR            878,813.66

   Stocks                                EUR            648,274.00

   Accounts receivable                   EUR            216,161.79

    Other debtors and assets             EUR            216,161.79

   Liquid means                          EUR             14,377.87

  Remaining other assets                 EUR              4,666.00

   Accruals (assets)                     EUR              4,666.00

 

 LIABILITIES                             EUR          1,045,184.69

  Shareholders' equity                   EUR              3,079.37

   Capital                               EUR            240,000.00

    Subscribed capital (share capital)   EUR            240,000.00

   Reserves                              EUR             50,000.00

    Capital reserves                     EUR             50,000.00

   Balance sheet profit/loss (+/-)       EUR           -286,920.63

    Profit / loss brought forward        EUR            -78,063.41

    Annual surplus / annual deficit      EUR           -208,857.22

  Provisions                             EUR            268,709.00

  Liabilities                            EUR            773,396.32

   Other liabilities                     EUR            773,396.32

    Unspecified other liabilities        EUR            773,396.32

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR          1,386,246.91

  Outstanding capital                    EUR             19,173.45

   Outstanding contributions             EUR             19,173.45

  Fixed assets                           EUR            188,515.03

   Tangible assets                       EUR              6,547.00

   Financial assets                      EUR            181,968.03

  Current assets                         EUR          1,175,058.43

   Stocks                                EUR            821,338.00

   Accounts receivable                   EUR            346,937.16

   Liquid means                          EUR              6,783.27

  Remaining other assets                 EUR              3,500.00

   Accruals (assets)                     EUR              3,500.00

 

 LIABILITIES                             EUR          1,386,246.91

  Shareholders' equity                   EUR            263,202.33

   Capital                               EUR            240,000.00

    Subscribed capital (share capital)   EUR            240,000.00

   Balance sheet profit/loss (+/-)       EUR             23,202.33

    Profit / loss brought forward        EUR             18,752.20

    Annual surplus / annual deficit      EUR              4,450.13

  Provisions                             EUR            275,099.00

  Liabilities                            EUR            847,945.58

 Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.05

UK Pound

1

Rs.71.92

Euro

1

Rs.64.37

 

 

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.