MIRA INFORM REPORT

 

 

Report Date :

18.11.2011

 

IDENTIFICATION DETAILS

 

Name :

SOLI-TRADE HANDELS GMBH

 

 

Registered Office :

An de Paddfoer 13 D 28844 Weyhe

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

05.02.1997

 

 

Com. Reg. No.:

HRB 111484

 

 

Legal Form :

Private Limited Company

 

 

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 :

8,000 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 – September 30, 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 and address

 

SOLI-TRADE HANDELS GmbH

 

 Company Status:      active

 

Main address:

An de Paddfoer 13

D 28844 Weyhe

Telephone:04203/439150

Telefax:  04203/440351

Homepage: www.soli-group.de

E-mail:   h.j.stecher@solitrans.de

 

 

VAT no.          

 

DE812170128

 

Tax ID number    

 

46/210/02707

 

CONCLUSION

 

 Business relations are permissible.

 

 

Regitration data

 

 LEGAL FORM              Private limited company

 Date of foundation:        05.02.1997

 Shareholders'

 agreement:                   05.02.1997

 Registered on:               08.09.2003

 Commercial Register:    Local court 29664 Walsrode

 under:                          HRB 111484

 

 

Share capital                       

 

EUR             26,000.00

Shareholder

 

Hans-Joachim Stecher

An de Paddfoer 13

D 28844 Weyhe

born: 13.07.1948

Share:             EUR             26,000.00

 

Manager:

Hans-Joachim Stecher

An de Paddfoer 13

D 28844 Weyhe

having sole power of representation

born: 13.07.1948

Profession: Forwarding agent

Marital status: married

 

 

Further functions/participations of Hans-Joachim Stecher

(Manager)

 

Shareholder:

SOLI-TRANS SPEDITIONS GMBH

Konsul-Smidt-Str. 8c

D 28217 Bremen

Post Box:

10 69 80, D 28069 Bremen

Legal form: Private limited company

Share capital:     EUR            100,000.00

Share:             EUR             51,000.00

Registered

on:         29.10.1991

Reg. data:  28195 Bremen, HRB 13829 HB

 

Manager:

SOLI-TRANS SPEDITIONS GMBH

Konsul-Smidt-Str. 8c

D 28217 Bremen

Post Box:

10 69 80, D 28069 Bremen

Legal form: Private limited company

Share capital:     EUR            100,000.00

Registered

on:         29.10.1991

Reg. data:  28195 Bremen, HRB 13829 HB

 

 

Manager:

Transeuropean Speditions GmbH

Konsul-Smidt-Str. 8c

D 28217 Bremen

Post Box:

10 69 80, D 28069 Bremen

Legal form: Private limited company

Share capital:     EUR             75,000.00

Registered

on:         28.07.2000

Reg. data:  28195 Bremen, HRB 19488 HB

 

 

COMPANY HISTORY

 

 20.02.1997 - 08.09.2003  Soli-Trade Handels GmbH

                          Langenstr. 30

                          D 28195 Bremen

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

 Sectors

 46190   Agents involved in the sale of a variety of goods

52291   Forwarding agency

 

 

BRANCHES AND FACTORIES

 

Branch:

SOLI-TRADE HANDELS GmbH

Konsul-Smidt-Str. 8c

D 28217 Bremen

TEL.: 0421/1658519

FAX.: 0421/1658532

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Maximum credit:      8,000 EUR

 

Balance sheet year:  2010

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              An de Paddfoer 13

                      D 28844 Weyhe

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 PLUMP, CARL F. - & CO, BREMEN

 Sort. code: 29030400, BIC: PLUMDE29XXX

 

 

FINANCIAL FIGURES

 

 Turnover:            2010               EUR            395,000.00

 Ac/ts receivable:                       EUR            200,728.00

 Liabillities:                           EUR            405,320.00

 Employees:                                                      2

 

 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 [%]:                 33.18

 Liquidity ratio:                   0.66

 Return on total capital [%]:       8.14

 Balance sheet grade:                2.4

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 38.48

 Liquidity ratio:                   0.53

 Return on total capital [%]:      10.09

 Balance sheet grade:                2.3

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 26.00

 Liquidity ratio:                   0.54

 Return on total capital [%]:       7.00

 Balance sheet grade:                2.8

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 37.28

 Liquidity ratio:                   1.13

 Return on total capital [%]:      18.47

 Balance sheet grade:                1.8

 

 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.

 

 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            624,207.36

  Fixed assets                           EUR            265,146.00

   Tangible assets                       EUR            265,146.00

    Other / unspecified tangible assets  EUR            265,146.00

  Current assets                         EUR            296,380.74

   Accounts receivable                   EUR            200,728.61

    Other debtors and assets             EUR            200,728.61

   Liquid means                          EUR             95,652.13

  Remaining other assets                 EUR             62,680.62

   Accruals (assets)                     EUR             62,680.62

 

 LIABILITIES                             EUR            624,207.36

  Shareholders' equity                   EUR            202,336.52

   Capital                               EUR             26,000.00

    Subscribed capital (share capital)   EUR             26,000.00

   Balance sheet profit/loss (+/-)       EUR            176,336.52

    Profit / loss brought forward        EUR            125,500.55

    Annual surplus / annual deficit      EUR             50,835.97

  Provisions                             EUR             16,550.00

  Liabilities                            EUR            405,320.84

   thereof total due to shareholders     EUR              4,778.70

   Other liabilities                     EUR            405,320.84

    Unspecified other liabilities        EUR            405,320.84

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR            430,843.85

  Fixed assets                           EUR            216,509.00

   Tangible assets                       EUR            216,509.00

  Current assets                         EUR            139,194.60

   Accounts receivable                   EUR            128,530.03

   Liquid means                          EUR             10,664.57

  Remaining other assets                 EUR             75,140.25

   Accruals (assets)                     EUR             75,140.25

 

 LIABILITIES                             EUR            430,843.85

  Shareholders' equity                   EUR            165,775.55

   Capital                               EUR             26,000.00

    Subscribed capital (share capital)   EUR             26,000.00

   Balance sheet profit/loss (+/-)       EUR            139,775.55

    Balance sheet profit / loss          EUR            139,775.55

  Provisions                             EUR             13,104.00

  Liabilities                            EUR            251,964.30

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.72

UK Pound

1

Rs.79.88

Euro

1

Rs.68.46

 

 

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.