MIRA INFORM REPORT

 

 

Report Date :           

09.11.2011

 

IDENTIFICATION DETAILS

 

Name :

ACCESSU FASHION GMBH & CO. KG

 

 

Registered Office :

Robert-Bosch-Breite 10, D 37079 Göttingen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

02.03.2005

 

 

Com. Reg. No.:

HRA 3904

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Manufacture of other wearing apparel and accessories

 

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 :

29,000 EUR

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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 & address  

 

Accessu Fashion GmbH & Co. KG

 

Main address:

Robert-Bosch-Breite 10

D 37079 Göttingen

Telephone:0551/307200

Telefax:  0551/3072022

Homepage:        www.hutparadies.de

E-mail:              welcome@hutparadies.de

 

 

VAT no.

 

DE811576655

 

 

Tax ID number

 

20/201/06501

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

general partner

Date of foundation:         2005

Begin of business

activities:                       01.01.2005

Registered on:               02.03.2005

Register of

companies:                   Local court 37073 Göttingen

under:                                       HRA 3904

 Total cap. contribution:    EUR                500.00

 

Limited partner

 

Mathias Berner

D 37133 Friedland

born: 17.12.1965

Share:             EUR                500.00

 

 

General partner

 

Accessu Verwaltungs GmbH

Robert-Bosch-Breite 10

D 37079 Göttingen

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on: 11.01.2005

Reg. data: 37073 Göttingen, HRB 4068

 

 

Shareholder

 

Mathias Berner

D 37133 Friedland

born: 17.12.1965

Share:             EUR             25,000.00

 

 

Manager

 

Mathias Berner

D 37133 Friedland

born: 17.12.1965

 

 

COMPANY HISTORY

 

02.03.2005 - 18.04.2008  Hutparadies Accesoires GmbH & Co. KG

Robert-Bosch-Breite 10

D 37079 Göttingen

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

1419   Manufacture of other wearing apparel and accessories n.e.c.

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            29,000 EUR

 

Balance sheet year:       2010

 

 

REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Robert-Bosch-Breite 10

                                    D 37079 Göttingen

 

 Real Estate of:              Accessu Verwaltungs GmbH

 Type of ownership:        Tenant

 Address                       Robert-Bosch-Breite 10

                                    D 37079 Göttingen

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

 SPARKASSE GÖTTINGEN, GÖTTINGEN, NIEDERSACHS

 Sort. code: 26050001, BIC: NOLADE21GOE

 

 

FINANCIAL FIGURES

 

 Turnover:            2009               EUR          1,600,000.00

                      2010               EUR          1,700,000.00

 further business figures:

 Ac/ts receivable:                       EUR            328,805.00

 Liabillities:                           EUR            622,603.00

 Employees:                                                     10

 

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

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 13.42

 Liquidity ratio:                   0.67

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                  7.05

 Liquidity ratio:                   0.49

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                  4.00

 Liquidity ratio:                   0.28

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                  8.33

 Liquidity ratio:                   0.19

 

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.

 

Balance sheet grade

The balance sheet grade is based on the following ratios: equity ratio, liquidity ratio and return on total capital from the balance sheets published in the Federal Gazette.

 

Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR            798,084.72

  Fixed assets                           EUR             83,620.16

   Intangible assets                     EUR             24,619.45

   Tangible assets                       EUR             57,840.53

   Financial assets                      EUR              1,160.18

  Current assets                         EUR            703,240.33

   Stocks                                EUR            245,658.38

   Accounts receivable                   EUR            328,805.77

   Liquid means                          EUR            128,776.18

  Remaining other assets                 EUR             11,224.23

   Accruals (assets)                     EUR             11,224.23

 

 LIABILITIES                             EUR            798,084.72

  Shareholders' equity                   EUR            117,780.24

   Capital                               EUR            117,780.24

    Capital of the fully liable partner

    (LP, general partnership)            EUR              6,222.75

     Capital contribution of gen.

     partner/accounts of the pers. liable

     shareholder                         EUR              6,222.75

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR            111,557.49

     Limited partner's  capital, fixed

     capital, capital account I          EUR                500.00

     Variable capital / variable accountsEUR            111,057.49

  Provisions                             EUR             57,701.47

  Liabilities                            EUR            622,603.01

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR            641,271.72

  Fixed assets                           EUR            104,860.66

   Intangible assets                     EUR             26,481.02

   Tangible assets                       EUR             78,229.64

   Financial assets                      EUR                150.00

  Current assets                         EUR            523,949.21

   Stocks                                EUR            246,361.79

   Accounts receivable                   EUR            257,321.26

    Other debtors and assets             EUR            257,321.26

   Liquid means                          EUR             20,266.16

  Remaining other assets                 EUR             12,461.85

   Accruals (assets)                     EUR             12,461.85

 

 LIABILITIES                             EUR            641,271.72

  Shareholders' equity                   EUR             57,518.94

   Capital                               EUR             57,518.94

    Capital of the fully liable partner

    (LP, general partnership)            EUR              5,873.34

     Capital contribution of gen.

     partner/accounts of the pers. liable

     shareholder                         EUR                  0.00

     Fixed capital / accounts, capital

     account I                           EUR              5,873.34

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR             51,645.60

     Limited partner's  capital, fixed

     capital, capital account I          EUR                500.00

     Variable capital / variable accountsEUR             51,145.60

  Provisions                             EUR             43,050.00

  Liabilities                            EUR            540,702.78

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.38

UK Pound

1

Rs.79.20

Euro

1

Rs.67.84

 

 

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.