MIRA INFORM REPORT

 

 

Report Date :

25.11.2011

 

IDENTIFICATION DETAILS

 

Name :

PUSCH GMBH

 

 

Registered Office :

Mozartstr. 42 D 50259 Pulheim

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

27.05.2004

 

 

Com. Reg. No.:

HRB 62112

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Agents involved in the sale of fuels, ores, metals and industrial chemicals

 

 

No. of Employees :

3

 

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 :

17,000 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  

 

Pusch GmbH

 

Company Status:      active

 

Main address:       

Mozartstr. 42

D 50259 Pulheim

Telephone:02238/51942

Telefax:  02238/845608

E-mail:   puschimportexport@aol.com

 

 

Registration data

 

LEGAL FORM               Private limited company

Date of foundation:         27.05.2004

Shareholders'

agreement:                    23.10.2007

Registered on:               20.12.2007

Commercial Register:     Local court 50939 Köln

under:                                       HRB 62112

 

 

Share capital                       

 

EUR             25,000.00

 

 

Shareholder

 

Gisela Pusch

Mozartstr. 42

D 50259 Pulheim

born: 07.08.1945

Share:             EUR             25,000.00

 

Manager:

Gisela Pusch

Mozartstr. 42

D 50259 Pulheim

having sole power of representation

born: 07.08.1945

Profession: Businessman

Marital status: married

 

BUSINESS ACTIVITIES

 

Sectors

46120   Agents involved in the sale of fuels, ores, metals and

industrial chemicals

46141   Agents involved in the sale of machines (except

agricultural machineryand office machinery) and industrial

supplies n.e.c.

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Maximum credit:      17,000 EUR

 

Balance sheet year:  2010

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Mozartstr. 42

                     D 50259 Pulheim

 

Real Estate of:      Gisela Pusch

Type of ownership:   proprietor

Share:                100.00 %

Address              Mozartstr. 42

                     D 50259 Pulheim

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK VORMALS DRESDNER BANK, AACHEN

Sort. code: 39080005, BIC: DRESDEFF390

VOLKSBANK ERFT, PULHEIM

Sort. code: 37069252, BIC: GENODED1ERE

 

 

FINANCIAL FIGURES

 

Profit:              2010               EUR              2,276.00

Ac/ts receivable:                       EUR            757,917.00

Liabillities:                           EUR          1,185,254.00

Employees:                                                      3

- Temporary workers:                                            1

 

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 [%]:                  3.08

Liquidity ratio:                   0.85

Return on total capital [%]:       0.19

Balance sheet grade:                4.0

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 14.56

Liquidity ratio:                   1.38

Return on total capital [%]:       3.06

Balance sheet grade:                3.2

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 11.62

Liquidity ratio:                   1.14

Return on total capital [%]:       0.89

Balance sheet grade:                3.0

 

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          1,222,880.14

 Fixed assets                           EUR            171,822.00

  Tangible assets                       EUR            161,822.00

   Other / unspecified tangible assets  EUR            161,822.00

  Financial assets                      EUR             10,000.00

   Other / unspecified financial assets EUR             10,000.00

 Current assets                         EUR          1,051,058.14

  Accounts receivable                   EUR            757,917.21

   Other debtors and assets             EUR            757,917.21

  Liquid means                          EUR            293,140.93

 

LIABILITIES                             EUR          1,222,880.14

 Shareholders' equity                   EUR             37,625.83

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Balance sheet profit/loss (+/-)       EUR             12,625.83

   Profit / loss brought forward        EUR             10,349.57

   Annual surplus / annual deficit      EUR              2,276.26

 Liabilities                            EUR          1,185,254.31

  Other liabilities                     EUR          1,185,254.31

   Unspecified other liabilities        EUR          1,185,254.31

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR            242,801.78

 Fixed assets                           EUR              1,499.00

  Tangible assets                       EUR              1,499.00

   Other / unspecified tangible assets  EUR              1,499.00

 Current assets                         EUR            241,302.78

  Accounts receivable                   EUR            238,996.51

   Other debtors and assets             EUR            238,996.51

  Liquid means                          EUR              2,306.27

 

LIABILITIES                             EUR            242,801.78

 Shareholders' equity                   EUR             35,349.57

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Balance sheet profit/loss (+/-)       EUR             10,349.57

   Balance sheet profit / loss          EUR             10,349.57

 Provisions                             EUR             32,005.97

 Liabilities                            EUR            175,446.24

  Other liabilities                     EUR            175,446.24

   Unspecified other liabilities        EUR            175,446.24

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.25

UK Pound

1

Rs.81.23

Euro

1

Rs.69.82

 

 

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.