MIRA
INFORM REPORT
|
Report Date : |
26.03.2011 |
Company name & address
VISION OVERSEAS
GmbH
Main address:
Rungedamm 37
D 21035 Hamburg
Telephone: 040/18981326
Telefax: 040/18981325
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 05.10.2006
Shareholders'
agreement: 05.10.2006
Registered on: 02.10.2007
Commercial Register: Local
court 20355 Hamburg
under: HRB 102611
Share capital:
EUR 40.000,00
Shareholder
Sushil Drolia
63 Ballygunge Place
IND Kalkutta 70019
born: 13.01.1950
Share: EUR 40.000,00
Manager
Sushil Drolia
63 Ballygunge Place
IND Kalkutta 70019
having sole power of representation
born: 13.01.1950
BUSINESS ACTIVITIES
Sectors
4616 Agents involved in
the sale of textiles, apparel, footwear and leatherware
4641 Wholesale of textiles
4649 Wholesale of other
household goods
BRANCHES AND FACTORIES
Branch:
VISION OVERSEAS GmbH
Bei der Rolandsmühle 18
D 22763 Hamburg
FINANCIAL INFORMATION
Payment experience: within
periods customary in this trade
Negative information: We
have no negative information at hand.
Maximum credit: 8.000 EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership: Tenant
Address Rungedamm 37
D 21035 Hamburg
Land register documents were not available.
BANKERS
A bank connection is unknown.
FINANCIAL FIGURES
Employees:
1
BALANCE SHEETS
Balance sheet ratios 2009
Equity ratio [%]: 14,96
Liquidity ratio: 1,23
Return on total capital [%]: 0,77
Balance sheet ratios 2008
Equity ratio [%]: 24,77
Liquidity ratio: 1,35
Return on total capital [%]: 8,75
Balance sheet ratios 2007
Equity ratio [%]: 9,64
Liquidity ratio: 0,81
Return on total capital [%]: -5,34
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 269.361,65
Current assets
EUR 269.361,65
Accounts receivable
EUR 217.956,51
Other debtors and assets
EUR 217.956,51
Liquid means
EUR 51.405,14
LIABILITIES EUR 269.361,65
Shareholders' equity
EUR 40.290,65
Capital
EUR 40.000,00
Subscribed capital (share capital)
EUR 40.000,00
Balance sheet profit/loss (+/-)
EUR 290,65
Profit / loss brought forward
EUR -1.784,19
Annual surplus / annual deficit
EUR 2.074,84
Provisions
EUR 1.000,00
Liabilities EUR 228.071,00
Other liabilities
EUR 228.071,00
Unspecified other liabilities
EUR 228.071,00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 154.264,69
Current assets
EUR 154.264,69
Stocks
EUR 0,00
Accounts
receivable EUR 148.295,43
Liquid means
EUR 5.969,26
LIABILITIES EUR 154.264,69
Shareholders' equity
EUR 38.215,81
Capital
EUR 40.000,00
Subscribed capital (share capital)
EUR 40.000,00
Balance sheet profit/loss (+/-)
EUR -1.784,19
Profit / loss brought forward
EUR -15.288,28
Annual surplus / annual deficit
EUR 13.504,09
Liabilities
EUR 116.048,88
MIRA
INFORM REPORT
|
Report Date : |
13.04.2010 |
IDENTIFICATION DETAILS
|
Name : |
VISION OVERSEAS GmbH |
|
|
|
|
Registered Office : |
Rungedamm
37, 21035 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
05.10.2006 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Agents involved in the sale of textiles, apparel, footwear and
leatherware |
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 : |
EUR 6.000,00. |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
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
VISION
OVERSEAS GmbH
Rungedamm
37
21035
Telephone:
kein Eintrag
CONCLUSION
The maximum
credit is EUR 6.000,00.
Business
relations are permissible.
Registration Data
LEGAL
FORM Private limited company
Date of
foundation: 05.10.2006
Shareholders'
agree-
ment: 05.10.2006
Registered
on: 02.10.2007
Commercial
Register: Local court 20355
under: HRB
102611
Share
capital: EUR 40.000,00
Shareholder
Sushil
Drolia
born
13.01.1950
Share: EUR 40.000,00
Manager
Sushil
Drolia
having
sole power of representation
born
13.01.1950
BUSINESS ACTIVITIES
4616
Agents
involved in the sale of textiles, apparel, footwear and leatherware
4641
Wholesale
of textiles
4649
Wholesale
of other household goods
FINANCIAL INFORMATION
Payment
experience: within periods customary in
this trade
REAL ESTATE
Type of
ownership: Tenant
Address Rungedamm
37
21035
Land
register documents were not available.
BANKERS
The bank
connection could not be obtained.
FIGURES
Employees:
1
BALANCE SHEETS
Type of
balance sheet: Company balance sheet
Financial
year end: 31.12.2007
ASSETS 256.457,56
Current assets
256.457,56
Stocks
53.994,35
Accounts receivable 127.066,52
Liquid means
75.396,69
LIABILITIES
256.457,56
Shareholders' equity 24.711,72
Capital 40.000,00
Subscribed capital (share capital) 40.000,00
Balance sheet profit/loss (+/-) -15.288,28
Profit / loss brought forward -1.582,47
Annual surplus / annual deficit -13.705,81
Liabilities
231.745,84
The given amounts are EUR values.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.65 |
|
|
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.63.28 |
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 |
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.