MIRA INFORM REPORT

 

 

Report Date :

27.05.2011

 

IDENTIFICATION DETAILS

 

Name :

AUGUST FRIEDBERG GMBH

 

 

Registered Office :

Achternbergstr. 38a, D 45884 Gelsenkirchen, Post Box:10 08 43, D 45808 Gelsenkirchen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2008

 

 

Date of Incorporation :

10.09.1997

 

 

Com. Reg. No.:

HRB 2384

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Data processing, hosting and related activities

 

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 :

75.000 EUR

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 – 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

 

August Friedberg GmbH

 

 

Main address       

 

Achternbergstr. 38a

D 45884 Gelsenkirchen

Post Box:

10 08 43, D 45808 Gelsenkirchen

Telephone:        0209/91320

Telefax:             0209/9132178

Homepage:        www.august-friedberg.de

E-mail:              info@august-friedberg.de

 

 

VAT no           

 

DE189084013

 

 

CONCLUSION

 

 

Business relations are permissible.

 

 

Synthesis     

 

LEGAL FORM               Private limited company

Date of foundation:         18.06.1997

Shareholders'

agreement:                    18.06.1997

Registered on:               10.09.1997

Commercial Register:     Local court 45879 Gelsenkirchen

under:                                       HRB 2384

Share capital:                 EUR             51.129,19

Shareholder

 

Ingrid Brand-Friedberg

Wittener Str. 32

D 45884 Gelsenkirchen

born: 24.08.1947

née: Friedberg

Share:             EUR             38.398,02

 

Shareholder:

Rolf-Dietrich Brand

Wittener Str. 32

D 45884 Gelsenkirchen

born: 19.07.1936

Share:             EUR             12.731,17

 

 

Manager

 

Ingrid Brand-Friedberg

Wittener Str. 32

D 45884 Gelsenkirchen

having sole power of representation

born: 24.08.1947

née: Friedberg

Marital status: married

 

 

Proxy

 

Beatrix Brand

Zeppelinallee 56

D 45883 Gelsenkirchen

having sole power of representation

born: 03.07.1978

Profession: Businessman

 

Proxy:

Martin Jäger

D 45768 Marl

authorized to jointly represent the company

born: 03.07.1955

 

Further functions/participations of Ingrid Brand-Friedberg

(Manager)

 

Shareholder:

Friedberg Produktionsgesellschaft mbH

Achternbergstr. 38a

D 45884 Gelsenkirchen

Post Box:

10 08 43, D 45808 Gelsenkirchen

Legal form: Private limited company

Share capital:     EUR          1.252.665,11

Share:             EUR          1.252.665,11

Registered

on:         11.01.1933

Reg. data:  45879 Gelsenkirchen, HRB 91

 

Shareholder:

FORMTEIL- UND SCHRAUBENWERK FINSTERWALDE

GMBH

An der Schraube 28

D 03238 Finsterwalde

Legal form: Private limited company

Share capital:     EUR          1.687.263,20

Share:             EUR            419.770,63

Registered

on:         19.08.1994

Reg. data:  03044 Cottbus, HRB 3465

 

Shareholder:

Prepart GmbH

Viehweg 12

D 35104 Lichtenfels

Legal form: Private limited company

Share capital:     EUR             25.564,60

Share:             EUR             25.308,95

Registered

on:         12.12.2006

Reg. data:  34497 Korbach, HRB 1545

 

Shareholder:

Akkurat GmbH

An der Schraube 28

D 03238 Finsterwalde

Legal form: Private limited company

Share capital:     EUR             25.000,00

Share:             EUR              5.000,00

Registered

on:         22.03.2007

Reg. data:  03044 Cottbus, HRB 7733 CB

 

Manager:

Friedberg Produktionsgesellschaft mbH

Achternbergstr. 38a

D 45884 Gelsenkirchen

Post Box:

10 08 43, D 45808 Gelsenkirchen

Legal form: Private limited company

Share capital:     EUR          1.252.665,11

Registered

on:         11.01.1933

Reg. data:  45879 Gelsenkirchen, HRB 91

 

Manager:

Prepart GmbH

Viehweg 12

D 35104 Lichtenfels

Legal form: Private limited company

Share capital:     EUR             25.564,60

Registered

on:         12.12.2006

Reg. data:  34497 Korbach, HRB 1545

 

 

COMPANY HISTORY

 

 10.09.1997 - 07.1998    Friedberg Vertriebsgesellschaft mbH

Belforter Str. 63

D 45884 Gelsenkirchen

Private limited company

 

08.1998 - 14.03.2002    Friedberg Vertriebsgesellschaft mbH

Achternbergstr. 8a

D 45884 Gelsenkirchen

Private limited company

 

14.03.2002 - 18.04.2002             August Friedberg GmbH

Achternbergstr. 8a

D 45884 Gelsenkirchen

Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

63110   Data processing, hosting and related activities

69204   Bookkeeping (except data-processing services)

 

 

FINANCIAL INFORMATION

 

Payment experience:  within periods customary in this trade

 

 Negative information:We have no negative information at hand.

 

 Maximum credit:      75.000 EUR

 

 Balance sheet year:  2008

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Achternbergstr. 38a

                                    D 45884 Gelsenkirchen

 

 Land register documents were not available.

 

 

BANKERS

 

NATIONAL-BANK ESSEN, ESSEN, RUHR

Sort. code: 36020030, BIC: NBAGDE3EXXX

 

SPARKASSE GELSENKIRCHEN, GELSENKIRCHEN

Sort. code: 42050001, BIC: WELADED1GEK

 

VOLKSBANK RUHR MITTE, GELSENKIRCHEN

Sort. code: 42260001, BIC: GENODEM1GBU

 

WGZ BANK, MÜNSTER, WESTF

Sort. code: 40060000, BIC: GENODEMSXXX

 

 

FINANCIAL FIGURES

 

Turnover:            2008               EUR          6.000.000,00

                      2009               EUR          5.500.000,00

                      2010               EUR          5.750.000,00

 

further business figures:

 Total numbers of vehicles:                             10

 Employees:                                                     57

 - thereof permanent staff:                              51

 - Trainees:                                                     6

 

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

 

 

BALANCE SHEETS

 

 Balance sheet ratios 2008

 Equity ratio [%]:                        4,04

 Liquidity ratio:                           1,08

 Return on total capital [%]:       0,36

 

 Balance sheet ratios 2007

 Equity ratio [%]:                        5,00

 Liquidity ratio:                           1,31

 Return on total capital [%]:        -13,78

 

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:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR          1.706.802,93

  Fixed assets                           EUR            351.493,00

   Intangible assets                     EUR             84.221,00

    Concessions, licences, rights        EUR             84.221,00

   Tangible assets                       EUR            267.272,00

    Other tangible assets / fixtures and

    fittings                             EUR            267.272,00

  Current assets                         EUR          1.355.309,93

   Stocks                                EUR              8.919,64

    Raw materials, consumables and

    supplies                             EUR              8.919,64

   Accounts receivable                   EUR          1.319.991,43

    Trade debtors                        EUR            430.500,67

    Other debtors and assets             EUR            889.490,76

   Liquid means                          EUR             26.398,86

 

 LIABILITIES                             EUR          1.706.802,93

  Shareholders' equity                   EUR            109.393,87

   Capital                               EUR             51.129,19

    Subscribed capital (share capital)   EUR             51.129,19

   Balance sheet profit/loss (+/-)       EUR             58.264,68

    Profit / loss brought forward        EUR             52.194,17

    Annual surplus / annual deficit      EUR              6.070,51

  Provisions                             EUR            352.962,58

   Provisions for taxes                  EUR                  0,00

   Other / unspecified provisions        EUR            352.962,58

  Liabilities                            EUR          1.244.446,48

   Financial debts                       EUR            158.732,76

    Liabilities due to banks             EUR            158.732,76

   Other liabilities                     EUR          1.085.713,72

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            264.129,46

    Liabilities from received advance

    payments                             EUR                  0,00

    Unspecified other liabilities        EUR            821.584,26

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2007 - 31.12.2007

 

 ASSETS                                  EUR          1.724.775,97

  Fixed assets                           EUR            103.026,00

   Intangible assets                     EUR             35.798,00

    Concessions, licences, rights        EUR             35.798,00

   Tangible assets                       EUR             67.228,00

    Other tangible assets / fixtures and

    fittings                             EUR             67.228,00

  Current assets                         EUR          1.621.749,97

   Stocks                                EUR              8.658,08

    Raw materials, consumables and

    supplies                             EUR              8.658,08

   Accounts receivable                   EUR          1.527.168,28

    Trade debtors                        EUR          1.100.563,08

    Other debtors and assets             EUR            426.605,20

   Liquid means                          EUR             85.923,61

  Remaining other assets                 EUR                  0,00

   Accruals (assets)                     EUR                  0,00

 

 LIABILITIES                             EUR          1.724.775,97

  Shareholders' equity                   EUR            103.323,36

   Capital                               EUR             51.129,19

    Subscribed capital (share capital)   EUR             51.129,19

   Balance sheet profit/loss (+/-)       EUR             52.194,17

    Profit / loss brought forward        EUR            287.368,06

    Annual surplus / annual deficit      EUR           -235.173,89

  Provisions                             EUR            370.235,48

   Provisions for taxes                  EUR            214.428,48

   Other / unspecified provisions        EUR            155.807,00

  Liabilities                            EUR          1.251.217,13

   Financial debts                       EUR             25.216,93

    Liabilities due to banks             EUR             25.216,93

   Other liabilities                     EUR          1.226.000,20

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            296.838,32

    Liabilities from received advance

    payments                             EUR            108.953,41

    Unspecified other liabilities        EUR            820.208,47

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.29

UK Pound

1

Rs.73.84

Euro

1

Rs.64.18

 

 

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%)

 

 

 

 

 

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.