MIRA INFORM REPORT

 

 

Report Date :

12.05.2011

 

IDENTIFICATION DETAILS

 

Name :

INOX SERVICE CENTER GMBH

 

 

Registered Office :

Lebendorfer Str. 3/OT Bebitz, D 06420 Könnern

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

25.09.2007

 

 

Com. Reg. No.:

HRB 11515

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Metal Products.

 

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 :

 196.500 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 – 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

 

INOX SERVICE CENTER GMBH

 

 

Main address

  

Lebendorfer Str. 3/OT Bebitz

D 06420 Könnern

Telephone         :034691/40306

Telefax              :  034691/401306

Homepage         : www.inoxservicecenter.com

E-mail               :   krefeld@inoxservicecenter.com

 

 

VAT no

 

DE814985012

 

 

Synthesis

 

LEGAL FORM                                                               Private limited company

Date of foundation                                                          :  25.09.2007

Shareholders' agreement                                                :  25.09.2007

Registered on                                                                :  31.03.2010

Commercial Register: Local court 39576 Stendal under     :  HRB 11515

Share capital                                                                 : EUR  3.093.000,00

 

 

Shareholder

 

SINO Investment Global Ltd.

Palm Grove House

Road Town

VGB - Tortola

Post Box:

438

Legal form: Other legal form

Share:  EUR  3.093.000,00

 

 

Manager

 

Yatin Chopra

D 40210 Düsseldorf

having sole power of representation

born: 22.01.1982

 

 

Proxy

 

Alfred Pommerenke

Rotkleeweg 18/3

D 71665 Vaihingen

authorized to jointly represent the company

born: 22.05.1965

Profession: master in metal construction

Marital status: married

 

 

COMPANY HISTORY

 

11.12.2007 - 30.04.2008  Kronen tausend243 GmbH

Königsallee 102

D 40215 Düsseldorf

Private limited company

 

30.04.2008 - 05.06.2008  INOX SERVICE CENTER GMBH

Schwannstr. 6

D 40476 Düsseldorf

Private limited company

 

05.06.2008 - 31.03.2010  INOX SERVICE CENTER GMBH (bis

31.03.2010)

Düsseldorfer Str. 113

D 47809 Krefeld

Private limited company

 

09.04.2010 - 10.05.2010  INOX SERVICE CENTER GMBH

Wiendorfer Str. 3

D 06420 Wiendorf

Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

16.06.2008 - 05.10.2009  Manager

Thomas Cramer

D 40667 Meerbusch

 

20.12.2007 - 30.04.2008  Manager

Carola Vonhoff-Stolz

D 10965 Berlin

 

BUSINESS ACTIVITIES

 

Secondary industrial sector

2441   Precious metals production

 

25993   Manufacture of metal products n.e.c.

 

46721   Wholesale of iron ores, iron, steel and iron and steel

semi-finished goods

 

46722   Wholesale of non-ferrous ores, metals and metal

semi-finished goods

 

 

BRANCHES AND FACTORIES

 

Branch:

INOX SERVICE CENTER GMBH - Niederlassung

München -

Neumarkter Str. 75

D 81673 München

TEL.: 08946/2613-30

FAX.: 08946/2613-31

 

Branch:

INOX SERVICE CENTER GMBH

Max-Eyth-Str. 5

D 75428 Illingen

Reg. entry: 31.03.2010

 

Branch:

INOX SERVICE CENTER GMBH

Düsseldorfer Str. 113

D 47809 Krefeld

TEL.: 02151/7154-20

FAX.: 02151/714678

Reg. entry: 31.03.2010

 

 

FINANCIAL INFORMATION

 

Payment experience      :within agreed terms

 

Negative information       :We have no negative information at hand.

 

Maximum credit             : 196.500 EUR

 

REAL ESTATE

 

Type of ownership:   Tenant

Address   Lebendorfer Str. 3/OT Bebitz D 06420 Könnern

 

Land register documents were not available.

 

 

BANKERS

 

SPARKASSE KREFELD, KREFELD

Sort. code: 32050000, BIC: SPKRDE33XXX

 

 

FINANCIAL FIGURES

 

Turnover:                       2009               EUR         13.109.971,00

Profit:                            2009               EUR         -2.404.055,00

Employees:                                                       50

- thereof permanent staff:                                     43

- Trainees:                                                         2

- Temporary workers:                                            5

 

 

BALANCE SHEETS

 

Balance sheet ratios                  2009

Equity ratio [%]                          : 4,81

Liquidity ratio                             : 0,06

Return on total capital [%]          : -14,74

 

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         17.560.539,17

 Fixed assets                           EUR         12.293.504,38

  Intangible assets                     EUR            588.926,50

   Concessions, licences, rights        EUR             41.962,50

   Goodwill                             EUR            546.964,00

  Tangible assets                       EUR         11.704.277,88

   Land / similar rights                EUR         10.469.409,87

   Plant / machinery                    EUR            873.003,01

   Other tangible assets / fixtures and

   fittings                             EUR            361.865,00

  Financial assets                      EUR                300,00

   Securities included in fixed assets  EUR                300,00

 Current assets                         EUR          5.240.841,79

  Stocks                                EUR          3.041.632,85

   Raw materials, consumables and

   supplies                             EUR             33.749,70

   Finished goods / work in progress    EUR          3.007.883,15

  Accounts receivable                   EUR          1.888.213,17

   thereof total due from shareholders  EUR            951.000,00

   Trade debtors                        EUR            569.309,61

   Amounts due from related companies   EUR            951.000,00

   Other debtors and assets             EUR            367.903,56

  Liquid means                          EUR            310.995,77

 Remaining other assets                 EUR             26.193,00

  Accruals (assets)                     EUR             26.193,00

 

LIABILITIES                             EUR         17.560.539,17

 Shareholders' equity                   EUR          2.282.129,35

  Capital                               EUR          3.093.000,00

   Subscribed capital (share capital)   EUR          3.093.000,00

  Reserves                              EUR          4.976.113,98

   Capital reserves                     EUR          4.976.113,98

  Balance sheet profit/loss (+/-)       EUR         -5.786.984,63

   Profit / loss brought forward        EUR         -3.382.929,75

   Annual surplus / annual deficit      EUR         -2.404.054,88

 Provisions                             EUR            409.500,30

  Other / unspecified provisions        EUR            409.500,30

 Liabilities                            EUR         14.868.909,52

  Financial debts                       EUR         12.679.913,54

   Liabilities due to banks             EUR         12.679.913,54

  Other liabilities                     EUR          2.188.995,98

   Trade creditors (for IAS incl. bills

   of exchange)                         EUR          2.003.502,25

   Unspecified other liabilities        EUR            185.493,73

    thereof liabilities from tax /

    financial authorities               EUR            160.714,24

    thereof liabilities from social

    security                            EUR              2.945,51

 

Profit and loss account (cost-summary method) according to Comm.

Code (HGB)

 Sales                                  EUR         13.109.971,31

 Other operating income                 EUR            790.905,74

 Cost of materials                      EUR         11.153.032,47

  Raw materials and supplies, purchased

  goods                                 EUR         11.096.136,35

  Purchased services                    EUR             56.896,12

 Gross result (+/-)                     EUR          2.747.844,58

 Staff expenses                         EUR          2.263.412,48

  Wages and salaries                    EUR          1.960.106,72

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR            303.305,76

 Total depreciation                     EUR            705.518,89

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR            705.518,89

 Other operating expenses               EUR          1.464.717,29

 Operating result from continuing

 operations                             EUR         -1.685.804,08

 Interest result (+/-)                  EUR           -664.820,78

  Interest and similar income           EUR              6.460,06

  Interest and similar expenses         EUR            671.280,84

 Financial result (+/-)                 EUR           -664.820,78

 Result from ordinary operations (+/-)  EUR         -2.350.624,86

 Income tax / refund of income tax (+/-)EUR             -1.032,42

 Other taxes / refund of taxes          EUR            -52.397,60

 Tax (+/-)                              EUR            -53.430,02

 Annual surplus / annual deficit        EUR         -2.404.054,88

 

 

                                                                   

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.69

UK Pound

1

Rs.73.12

Euro

1

Rs.64.39

 

 

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 Company

----

 

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.