MIRA INFORM REPORT

 

 

Report Date :           

05.05.2011

 

IDENTIFICATION DETAILS

 

Name :

COILTEC MASCHINENVERTRIEBS GMBH

 

 

Registered Office :

Silberkaute 4, D 57258 Freudenberg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

09.11.1992

 

 

Com. Reg. No.:

HRB 3993

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of other general-purpose machinery

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

2.500 EUR

Status :

Small Company  

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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 

 

Coiltec Maschinenvertriebs GmbH

 

Main address:

Silberkaute 4

D 57258 Freudenberg

Telephone:        02734/271190

Telefax:             02734/578457

Homepage:        www.coiltec.de

E-mail:              coiltec@t-online.de

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         05.10.1992

Shareholders'

agreement:                    05.10.1992

Registered on:               09.11.1992

Commercial Register:     Local court 57072 Siegen

under:                                       HRB 3993

Share capital:                 EUR             30.677,52

 

 

Shareholder

 

Klaus Lingemann

Hauptstr. 27

D 51598 Friesenhagen

Share:             EUR             20.451,68

 

Shareholder:

Martha von Alt

Am Berndebach 35b

D 57439 Attendorn

born: 21.10.1934

née: Hölscher

Share:             EUR             10.225,84

Manager

 

Klaus Lingemann

Hauptstr. 27

D 51598 Friesenhagen

having sole power of representation

Marital status: married

 

 

Proxy

 

Alexandra Lingemann

Hauptstr. 27

D 51598 Friesenhagen

authorized to jointly represent the company

née: Berghaus

Marital status: married

 

 

Further functions/participations of Klaus Lingemann (Manager)

 

Proprietor:

                      Klaus Lingemann

                      Silberkaute 4

                      D 57258 Freudenberg

                      Legal form: Unregistered commercial

                                  enterprise

 

 

COMPANY HISTORY

 

 05.10.1992 - 1996        Coiltec Maschinenvertriebs GmbH

                          Eiserntalstr. 170

                          D 57080 Siegen

                          Private limited company

 1996 - 31.12.1999        Sitzverlegung nach

                          Bahnhofstr. 7

                          D 57258 Freudenberg

                          Private limited company

 01.01.2000 - 02.01.2000  Sitzverlegung nach

                          Silberkaute 4

                          D 57258 Freudenberg

                          Private limited company

           

 

BUSINESS ACTIVITIES

 

 Sectors

 28290   Manufacture of other general-purpose machinery

 

 

 

FINANCIAL INFORMATION

 

 Payment experience:    within agreed terms

 

 Negative information:     We have no negative information at hand.

 

 Maximum credit:           2.500 EUR

 

 Balance sheet year:      2009

 

REAL ESTATE

 

Type of ownership:   Tenant

 Address              Silberkaute 5

                        D 57258 Freudenberg

 

 Real Estate of::     Klaus Lingemann

 Type of ownership:   proprietor

 Share:                100,00 %

 Address              Hauptstr. 27

                      D 51598 Friesenhagen

 

 Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK VORMALS DRESDNER BANK, SIEGEN

Sort. code: 46080010, BIC: DRESDEFF460

 

VR-BANK FREUDENBERG-NIEDERFISCHBACH, FREUDENBERG, WESTF

Sort. code: 46061724, BIC: GENODEM1FRF

 

 

FINANCIAL FIGURES

 

 Turnover:            2009               EUR          2.000.000,00

                      2010               EUR          2.000.000,00

 further business figures:

 Employees:                                                     14

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

 

 

 BALANCE SHEETS

 

 Balance sheet ratios 2009

 Equity ratio [%]:                -14,11

 Liquidity ratio:                   0,05

 Return on total capital [%]:     -27,85

 

 

 Balance sheet ratios 2008

 Equity ratio [%]:                 16,73

 Liquidity ratio:                   0,28

 Return on total capital [%]:       0,20

 

 

 Balance sheet ratios 2007

 Equity ratio [%]:                 20,00

 Liquidity ratio:                   0,13

 Return on total capital [%]:       4,00

 

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          3.991.673,67

  Fixed assets                           EUR            257.889,97

   Intangible assets                     EUR                  1,00

    Other / unspecified intangible assetsEUR                  1,00

   Tangible assets                       EUR            140.253,36

    Other / unspecified tangible assets  EUR            140.253,36

   Financial assets                      EUR            117.635,61

    Other / unspecified financial assets EUR            117.635,61

  Current assets                         EUR          3.418.780,19

   Stocks                                EUR          3.034.456,64

   Accounts receivable                   EUR            384.323,55

    Other debtors and assets             EUR            384.323,55

  Remaining other assets                 EUR            315.003,51

   Accruals (assets)                     EUR             23.968,76

   Deficit not covered by shareholders'

   equity                                EUR            291.034,75

 

 LIABILITIES                             EUR          3.991.673,67

  Shareholders' equity                   EUR                  0,00

   Capital                               EUR             30.677,51

    Subscribed capital (share capital)   EUR             30.677,51

   Balance sheet profit/loss (+/-)       EUR           -321.712,26

    Profit / loss brought forward        EUR           -321.712,26

   Other shareholders' equity (+/-)      EUR            291.034,75

    Deficit not covered by shareholders'

    equity                               EUR            291.034,75

  Provisions                             EUR            209.717,00

  Liabilities                            EUR          3.781.956,67

   Other liabilities                     EUR          3.781.956,67

    Unspecified other liabilities        EUR          3.781.956,67

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR          4.083.054,47

  Fixed assets                           EUR            293.334,76

   Intangible assets                     EUR                  1,00

   Tangible assets                       EUR            194.729,36

   Financial assets                      EUR             98.604,40

  Current assets                         EUR          3.761.081,09

   Stocks                                EUR          2.885.979,80

   Accounts receivable                   EUR            875.079,06

   Liquid means                          EUR                 22,23

  Remaining other assets                 EUR             28.638,62

   Accruals (assets)                     EUR             28.638,62

 

 LIABILITIES                             EUR          4.083.054,47

  Shareholders' equity                   EUR            683.068,38

   Capital                               EUR             30.677,51

    Subscribed capital (share capital)   EUR             30.677,51

   Balance sheet profit/loss (+/-)       EUR            652.390,87

    Profit / loss brought forward        EUR            644.117,15

    Annual surplus / annual deficit      EUR              8.273,72

  Provisions                             EUR            270.635,18

  Liabilities                            EUR          3.129.350,91

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.59

UK Pound

1

Rs.73.42

Euro

1

Rs.66.04

 

 

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.