MIRA INFORM REPORT
|
Report Date : |
12.09.2011 |
Supplement
We refer to your enquiry
of 19.09.2011.
In the meantime there have been changes in particular
in the following areas subject to monitoring:
- Financial information
Company name & address
Cordon Lederwarenvertriebs GmbH
Main address:
Mariendorfer Damm 1-3
D 12099 Berlin
Telephone: 030/7000940
Telefax: 030/70009420
Homepage: www.cordon.de
VAT no.: DE159967999
Tax ID number: 29/410/03971
CONCLUSION
Business relations on credit basis are not permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 12.11.1992
Shareholders'
agreement: 12.11.1992
Registered on: 14.05.1993
Commercial Register: Local
court 14057 Berlin
under: HRB 47152 B
Share capital: EUR 30,677.51
Shareholder
BRANDO-4 Bekleidungseinzelhandels GmbH
Mariendorfer Damm 1/3
D 12099 Berlin
Legal form: Private limited company
Share capital: EUR 32,400.00
Share: EUR 30,677.51
Registered on: 07.04.1993
Reg. data: 14057 Berlin, HRB 46754 B
Control and profit transfer agreement
Manager
Nursel Aksu
D 12099 Berlin
having sole power of representation
born: 08.03.1964
Further functions/participations of
Nursel Aksu (Manager)
Manager:
BRANDO-4
Bekleidungseinzelhandels GmbH
Mariendorfer Damm 1/3
D
12099 Berlin
Legal
form: Private limited company
Share
capital: EUR 32,400.00
Registered
on: 07.04.1993
Reg.
data: 14057 Berlin, HRB 46754 B
RESIGNED ACTING
PERSONS AND SHAREHOLDERS
08.02.1994 -
22.01.2010 Manager
Kurtulus Aksu
D 12099 Berlin
08.02.1994 -
22.01.2010 Manager
Osman Pakar
D
14052 Berlin
08.02.1994 -
22.01.2010 Manager
Cemil Pakar
D
10559 Berlin
BUSINESS ACTIVITIES
Main industrial
sector
46421 Wholesale of
clothing
46422 Wholesale of
footwear
47710 Retail sale of
clothing
96090 Other service
activities n. e. c.
FINANCIAL INFORMATION
Payment experience: negative
information
Negative information: Negative information is known to us.
Balance sheet year: 2009
Detention warrant:
Amount last entry:
1 17.10.2011
REAL ESTATE
Type of ownership: Tenant
Address Mariendorfer
Damm 1-3
D
12099 Berlin
Land register documents
were not available.
BANKERS
BERLINER BANK NIEDERLASSUNG DER DEUTSCHE BANK PGK, BERLIN
Sort. code: 10070848, BIC: DEUTDEDB110
FINANCIAL FIGURES
Turnover: 2009 EUR 6,000,000.00
2010 EUR 6,000,000.00
further business figures:
Ac/ts receivable: EUR 2,136,913.00
Liabillities: EUR 2,120,407.00
Employees:
17
Control and
profit transfer agreement to:
BRANDO-4 Bekleidungseinzelhandels GmbH
Mariendorfer Damm 1/3
D 12099 Berlin
The aforementioned business figures may partly be estimated
information based on average values in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -511.88
Liquidity ratio: 0.07
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: -415.87
Liquidity ratio: 0.07
Balance sheet ratios 01.01.2007 - 31.12.2007
Liquidity ratio: 0.93
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: 01.01.2009 - 31.12.2009
ASSETS EUR 2,359,584.73
Fixed assets
EUR 104,817.03
Intangible assets EUR 14,865.00
Tangible assets
EUR 85,875.00
Financial assets
EUR 4,077.03
Current assets
EUR 2,249,545.98
Stocks
EUR 103,886.04
Accounts receivable
EUR 2,136,913.69
thereof total due from shareholders
EUR 1,996,051.23
Liquid means
EUR 8,746.25
Remaining other assets
EUR 5,221.72
Accruals (assets)
EUR 5,221.72
LIABILITIES EUR 2,359,584.73
Shareholders' equity EUR 180,677.51
Capital
EUR 30,677.51
Subscribed capital (share capital)
EUR 30,677.51
Reserves
EUR 150,000.00
Capital reserves
EUR 150,000.00
Provisions
EUR 58,500.00
Liabilities
EUR 2,120,407.22
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 2,516,188.77
Fixed assets
EUR 124,542.50
Intangible assets
EUR 5,633.00
Tangible assets EUR 116,909.50
Financial assets
EUR 2,000.00
Current assets
EUR 2,375,843.79
Stocks
EUR 151,067.92
Accounts receivable
EUR 2,224,566.42
thereof total due from shareholders
EUR 2,060,635.47
Liquid means
EUR 209.45
Remaining other assets
EUR 15,802.48
Accruals (assets)
EUR 15,802.48
LIABILITIES EUR 2,516,188.77
Shareholders' equity
EUR 180,677.51
Capital
EUR 30,677.51
Subscribed capital (share capital)
EUR 30,677.51
Reserves
EUR 150,000.00
Capital reserves
EUR 150,000.00
Provisions
EUR 29,000.00
Liabilities
EUR 2,306,511.26
MIRA INFORM REPORT
|
Report No. : |
154597 |
IDENTIFICATION DETAILS
|
Correct Name : |
CORDON LEDERWARENVERTRIEBS GMBH |
|
|
|
|
Registered Office : |
Mariendorfer Damm 1-3, D 12099 Berlin |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
14.05.1993 |
|
|
|
|
Com. Reg. No.: |
HRB 47152 B |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of clothing |
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 : |
30,000 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 – 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 & address
Cordon Lederwarenvertriebs GmbH
Main
address:
Mariendorfer Damm 1-3
D 12099 Berlin
Telephone: 030/7000940
Telefax: 030/70009420
Homepage: www.cordon.de
VAT no.
DE159967999
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 12.11.1992
Shareholders'
agreement: 12.11.1992
Registered on: 14.05.1993
Commercial Register:
Local court 14057 Berlin
under: HRB 47152 B
Share capital:
EUR 30,677.51
Shareholder
BRANDO-4 Bekleidungseinzelhandels GmbH
Mariendorfer Damm 1/3
D 12099 Berlin
Legal form: Private limited company
Share capital: EUR 32,400.00
Share: EUR 30,677.51
Registered on: 07.04.1993
Reg. data: 14057 Berlin, HRB 46754 B
Control and profit transfer agreement
Manager
Nursel Aksu
D 12099 Berlin
having sole power of representation
born: 08.03.1964
Further functions/participations of
Nursel Aksu (Manager)
Manager:
BRANDO-4 Bekleidungseinzelhandels GmbH
Mariendorfer Damm 1/3
D 12099 Berlin
Legal form: Private limited company
Share capital: EUR 32,400.00
Registered
on: 07.04.1993
Reg. data: 14057 Berlin,
HRB 46754 B
RESIGNED ACTING PERSONS AND
SHAREHOLDERS
08.02.1994 -
22.01.2010 Manager
Kurtulus Aksu
D 14050 Berlin
08.02.1994 -
22.01.2010 Manager
Osman Pakar
D
14052 Berlin
08.02.1994 -
22.01.2010 Manager
Cemil Pakar
D 10559
Berlin
BUSINESS ACTIVITIES
Sectors
46421 Wholesale of clothing
46422 Wholesale of footwear
47710 Retail sale of clothing
FINANCIAL INFORMATION
Payment experience: within
periods customary in this trade
Negative information: We
have no negative information at hand.
Maximum credit: 30,000 EUR
REAL ESTATE
Type of ownership: Tenant
Address Mariendorfer Damm 1-3
D 12099 Berlin
Land register documents were not available.
BANKERS
BERLINER BANK NIEDERLASSUNG DER DEUTSCHE BANK PGK, BERLIN
Sort. code: 10070848, BIC: DEUTDEDB110
FINANCIAL FIGURES
Turnover: 2009 EUR 6,000,000.00
2010 EUR 6,000,000.00
further
business figures:
Ac/ts receivable: EUR 2,136,913.00
Liabillities: EUR 2,120,407.00
Employees:
17
Control and
profit transfer agreement to:
BRANDO-4 Bekleidungseinzelhandels GmbH
Mariendorfer Damm 1/3
D 12099 Berlin
The
aforementioned business figures may partly be estimated information based on
average values in the line of business.
BALANCE SHEETS
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -511.88
Liquidity ratio: 0.07
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: -415.87
Liquidity ratio: 0.07
Balance sheet ratios 01.01.2007 - 31.12.2007
Liquidity ratio: 0.93
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.
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 2,359,584.73
Fixed assets
EUR 104,817.03
Intangible assets
EUR 14,865.00
Tangible assets
EUR 85,875.00
Financial assets
EUR 4,077.03
Current assets
EUR 2,249,545.98
Stocks
EUR 103,886.04
Accounts receivable
EUR 2,136,913.69
thereof total due from shareholders
EUR 1,996,051.23
Liquid means
EUR 8,746.25
Remaining other assets
EUR 5,221.72
Accruals (assets)
EUR 5,221.72
LIABILITIES EUR 2,359,584.73
Shareholders' equity EUR 180,677.51
Capital
EUR 30,677.51
Subscribed capital (share capital)
EUR 30,677.51
Reserves
EUR 150,000.00
Capital reserves
EUR 150,000.00
Provisions
EUR 58,500.00
Liabilities
EUR 2,120,407.22
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 2,516,188.77
Fixed assets
EUR 124,542.50
Intangible assets
EUR 5,633.00
Tangible assets
EUR 116,909.50
Financial assets
EUR 2,000.00
Current assets
EUR 2,375,843.79
Stocks
EUR 151,067.92
Accounts
receivable EUR 2,224,566.42
thereof total due from shareholders
EUR 2,060,635.47
Liquid means
EUR 209.45
Remaining other assets
EUR 15,802.48
Accruals (assets)
EUR 15,802.48
LIABILITIES EUR 2,516,188.77
Shareholders' equity
EUR 180,677.51
Capital
EUR 30,677.51
Subscribed capital (share capital)
EUR 30,677.51
Reserves
EUR 150,000.00
Capital reserves
EUR 150,000.00
Provisions EUR 29,000.00
Liabilities EUR 2,306,511.26
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.28 |
|
UK Pound |
1 |
Rs.80.08 |
|
Euro |
1 |
Rs.68.45 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.