MIRA INFORM
REPORT
|
Report Date : |
19.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
PIX GERMANY GMBH |
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Registered Office : |
Nikolaus-Otto-Str.
2, D 33178 Borchen |
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Country : |
Germany |
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Financials (as on) : |
31.03.2009 |
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Date of Incorporation : |
21.06.2004 |
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Com. Reg. No.: |
HRB 7372 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Agents involved
in the sale of a variety of goods |
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 : |
15.000 EUR |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Pix Germany GmbH
Main address:
Nikolaus-Otto-Str.
2
D 33178 Borchen
Telephone: 05251/8786003
Telefax: 05251/8786009
Homepage: www.pixeuro.com
E-mail: info@pixeuro.com
Synthesis
LEGAL FORM Private
limited company
Date of foundation: 04.2004
Shareholders'
agreement: 05.04.2004
Registered on: 21.06.2004
Commercial Register: Local court 33098 Paderborn
under: HRB
7372
Share capital: EUR 25.000,00
Shareholder
Pix Europe Limited
GB - Ipswich
Legal form:
Unregistered commercial
enterprise
Share: EUR 23.750,00
Shareholder:
Dr. Claudia Bindl
D 37671 Höxter
born: 02.04.1950
Share: EUR 1.250,00
Manager
Werner Bindl
Bänkelweg 30
D 33178 Borchen
having sole power
of representation
born: 20.04.1951
Profession:
Mechanical engineer
Marital status:
married
Manager:
Rishipal Sethi
GB Ipswich IP4 1QH
having sole power
of representation
born: 15.06.1973
Nationality:
British
Manager:
Joseph Deacon
GB Ipswich IP3 9 RT Suffok
having sole power
of representation
born: 16.01.1965
Nationality:
British
Further functions/participations of Werner Bindl (Manager)
Proprietor:
Werner Bindl
Knüllstr. 29
D 37671 Höxter
Legal form:
Unregistered commercial
enterprise
Manager:
TTI Transmission
Technologies GmbH
Bänkelweg 30
D 33178 Borchen
Legal form:
Private limited company
Share
capital: EUR 25.000,00
Registered
on: 17.05.2004
Reg. data: 33098 Paderborn, HRB 7343
BUSINESS ACTIVITIES
Sectors
46190 Agents involved in the sale of a variety of
goods
FINANCIAL INFORMATION
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Maximum credit: 15.000
EUR
Balance sheet year: 2008/2009
REAL ESTATE
Type of ownership: Tenant
Address Nikolaus-Otto-Str. 2
D 33178 Borchen
Real Estate of:: Werner Bindl
Type of ownership: unknown
Address Bänkelweg 30
D 33178 Borchen
Land register documents were not available.
BANKERS
SPARKASSE PADERBORN, BORCHEN
Sort. code: 47250101, BIC: WELADED1PBN
FINANCIAL FIGURES
Turnover:
2009 EUR 1.150.000,00
Employees:
4
- thereof permanent staff: 3
- Part-time employees: 1
The aforementioned business figures may partly be estimated
information based on average values in the
line of business.
BALANCE SHEETS
Balance sheet ratios 2008/2009
Equity ratio [%]: 65,65
Liquidity ratio: 0,87
Return on total capital [%]: -20,59
Balance sheet ratios 2007/2008
Equity ratio [%]: 79,00
Liquidity ratio: 8,57
Return on total capital [%]: 2,00
Balance sheet ratios 2006/2007
Equity ratio [%]: 85,27
Liquidity ratio: 4,31
Return on total capital [%]: -29,81
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:
01.04.2008 - 31.03.2009
ASSETS EUR 609.609,17
Outstanding
capital EUR 625,00
Outstanding
contributions EUR 625,00
Fixed
assets EUR 21.507,00
Tangible
assets EUR 21.507,00
Other /
unspecified tangible assets EUR 21.507,00
Current
assets EUR 303.701,58
Stocks EUR 190.404,90
Accounts receivable EUR 80.274,69
Other
debtors and assets EUR 80.274,69
Liquid
means EUR 33.021,99
Remaining
other assets EUR 283.775,59
Accruals
(assets) EUR 938,91
Deficit not
covered by shareholders'
equity EUR 282.836,68
LIABILITIES EUR 609.609,17
Shareholders'
equity EUR 0,00
Capital EUR 25.000,00
Subscribed
capital (share capital) EUR 25.000,00
Balance
sheet profit/loss (+/-) EUR -307.836,68
Profit /
loss brought forward EUR -244.706,96
Annual
surplus / annual deficit EUR -63.129,72
Other
shareholders' equity (+/-) EUR 282.836,68
Deficit not
covered by shareholders'
equity EUR 282.836,68
Provisions EUR 2.400,00
Liabilities EUR 607.209,17
Other
liabilities EUR 607.209,17
Unspecified
other liabilities EUR 607.209,17
Type of balance
sheet:
Company balance sheet
Financial year:
01.04.2007 - 31.03.2008
ASSETS EUR 711.711,60
Outstanding
capital EUR 625,00
Outstanding
contributions EUR 625,00
Fixed
assets EUR 21.718,00
Tangible
assets EUR 21.718,00
Current
assets EUR 468.785,54
Stocks EUR 190.413,09
Accounts
receivable EUR 203.457,00
Liquid
means EUR 74.915,45
Remaining
other assets EUR 220.583,06
Accruals
(assets) EUR 876,10
Deficit not
covered by shareholders'
equity EUR 219.706,96
LIABILITIES EUR 711.711,60
Shareholders'
equity EUR 0,00
Capital EUR 25.000,00
Subscribed
capital (share capital) EUR 25.000,00
Balance
sheet profit/loss (+/-) EUR -244.706,96
Profit /
loss brought forward EUR -253.596,05
Annual
surplus / annual deficit EUR 8.889,09
Other
shareholders' equity (+/-) EUR 219.706,96
Deficit not
covered by shareholders'
equity EUR 219.706,96
Provisions EUR 2.400,00
Liabilities EUR 709.311,60
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.08 |
|
UK Pound |
1 |
Rs.73.45 |
|
Euro |
1 |
Rs.64.30 |
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 |
|
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NB |
New Business |
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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.