MIRA INFORM REPORT

 

 

Report Date :           

22.10.2011

 

IDENTIFICATION DETAILS

 

Name :

PROSERV INTERNATIONAL GMBH & CO. KG

 

 

Registered Office :

Hindenburgstr. 3, D 52385 Nideggen

 

 

Country :

Germany

 

 

Financials (as on) :

31.10.2009

 

 

Date of Incorporation :

28.06.2002

 

 

Com. Reg. No.:

HRA 1866

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

sale of machines

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

10,000 EUR

 

 

Status :

Moderate

 

 

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 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 

 

ProServ International GmbH & Co. KG

 

Main address:

 

Hindenburgstr. 3

D 52385 Nideggen

Telephone:02427/901551

Telefax:  02427/9055628

Homepage: www.papermachinetrading.de

E-mail:   Info@ProServInternational.de

 

 

VAT no     

 

DE813513120

 

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

                                    general partner

Date of foundation:         28.06.2002

Begin of business

activities:                       28.06.2002

Registered on:               28.06.2002

Register of

companies:                   Local court 52349 Düren

under:                                       HRA 1866

Total cap. contribution:  EUR                200.00

 

 

Limited partner

 

Norbert Peter Schröder

Rather Str. 4b

D 52385 Nideggen

born: 14.06.1953

Share:             EUR                200.00

 

General partner

 

ProServ International Verwaltungs GmbH

Zülpicher Str. 19

D 52385 Nideggen

Legal form: Private limited company

Share capital:     EUR             28,000.00

Registered on: 21.02.1997

Reg. data: 52349 Düren, HRB 2278

 

 

Shareholder

 

Norbert Peter Schröder

Rather Str. 4b

D 52385 Nideggen

born: 14.06.1953

Share:             EUR             28,000.00

 

 

Manager

 

Norbert Peter Schröder

Rather Str. 4b

D 52385 Nideggen

having sole power of representation

born: 14.06.1953

 

 

COMPANY HISTORY

 

05.07.2002 - 01.05.2003  ProServ International GmbH & Co. KG

 

                         Zülpicher Str. 19

                         D 52385 Nideggen

                         Ltd partnership with priv. ltd. company

                         as general partner

 

 

BUSINESS ACTIVITIES

 

Sectors

46141   Agents involved in the sale of machines (except agricultural machineryand office machinery) and

industrial supplies n.e.c.

 

70220   Business and other management consultancy activities

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            10,000 EUR

 

Balance sheet year:       2008/2009

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Hindenburgstr. 3

                                    D 52385 Nideggen

 

Real Estate of:               ProServ International Verwaltungs GmbH

Type of ownership:         Tenant

Address                        Zülpicher Str. 19

                                    D 52385 Nideggen

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK VORMALS DRESDNER BANK, KÖLN

Sort. code: 37080040, Account no.: 0101452300, BIC: DRESDEFF370

 

 

FINANCIAL FIGURES

 

Turnover:            2009               EUR          1,300,000.00

Ac/ts receivable:                       EUR             40,565.00

Liabillities:                           EUR          1,454,172.00

Total numbers of vehicles:                                      1

- Passenger cars:                                               1

Employees:                                                      4

- thereof permanent staff:                                      3

- Part-time employees:                                          1

 

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

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.11.2008 - 31.10.2009

Equity ratio [%]:                 -3.15

Liquidity ratio:                   2.81

Balance sheet grade:                4.1

 

Balance sheet ratios 01.11.2007 - 31.10.2008

Equity ratio [%]:                -53.80

Liquidity ratio:                   0.30

Balance sheet grade:                4.5

 

Balance sheet ratios 01.11.2006 - 31.10.2007

Equity ratio [%]:               -130.00

Liquidity ratio:                  10.00

Balance sheet grade:                4.1

 

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. It is calculated in accordance with the methodology of Euler Hermes.

 

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.11.2008 - 31.10.2009

 

ASSETS                                  EUR          1,608,696.74

 Fixed assets                           EUR              8,467.00

  Intangible assets                     EUR                  0.00

  Tangible assets                       EUR              5,982.00

  Financial assets                      EUR              2,485.00

 Current assets                         EUR          1,480,288.62

  Accounts receivable                   EUR             40,565.19

  Liquid means                          EUR          1,439,723.43

 Remaining other assets                 EUR            119,941.12

  Accruals (assets)                     EUR                782.95

  Deficit not covered by shareholders'

  equity                                EUR            119,158.17

 

LIABILITIES                             EUR          1,608,696.74

 Shareholders' equity                   EUR             72,243.97

  Capital                               EUR             72,243.97

   Capital of the fully liable partner

   (LP, general partnership)            EUR             72,243.97

    Capital contribution of gen.

    partner/accounts of the pers. liable

    shareholder                         EUR             72,243.97

 Provisions                             EUR             82,280.00

 Liabilities                            EUR          1,454,172.77

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.11.2007 - 31.10.2008

 

ASSETS                                  EUR            341,706.22

 Fixed assets                           EUR              7,351.00

  Intangible assets                     EUR                  0.00

  Tangible assets                       EUR              5,566.00

  Financial assets                      EUR              1,785.00

 Current assets                         EUR            169,093.17

  Accounts receivable                   EUR             31,421.04

  Liquid means                          EUR            137,672.13

 Remaining other assets                 EUR            165,262.05

  Accruals (assets)                     EUR                664.65

  Deficit not covered by shareholders'

  equity                                EUR            164,597.40

 

LIABILITIES                             EUR            341,706.22

 Shareholders' equity                   EUR             69,306.50

  Capital                               EUR             69,306.50

   Capital of the fully liable partner

   (LP, general partnership)            EUR             69,306.50

    Capital contribution of gen.

    partner/accounts of the pers. liable

    shareholder                         EUR             69,306.50

 Provisions                             EUR             29,620.00

 Liabilities                            EUR            242,779.72

 

There may have been some changes since our last research took place. Therefore, a freshly researched report will follow shortly.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.07

UK Pound

1

Rs.79.16

Euro

1

Rs.69.04

 

 

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.