MIRA INFORM REPORT

 

 

Report Date :           

12.09.2011

 

IDENTIFICATION DETAILS

 

Name :

EUGEN ATTÉ GMBH

 

 

Registered Office :

Pickhuben 6, D 20457 Hamburg

 

 

Country :

Germany

 

 

Financials (as on) :

30.09.2009

 

 

Date of Incorporation :

19.06.1995

 

 

Com. Reg. No.:

HRB 58782

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of coffee, tea, cocoa and spices

 

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 :

2,500 EUR

 

 

Status :

Moderate

 

 

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 

 

 Bottom of Form

Eugen Atté GmbH

 

Main address:

Pickhuben 6

D 20457 Hamburg

Telephone:        040/3786200

Telefax:             040/37862022

Homepage:        www.coffeeagents.com

E-mail:              eugenatte@coffeeagents.com

 

 

VAT no          

 

DE172862113

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         1995

Shareholders'

agreement:                    12.01.1995

Registered on:               19.06.1995

Commercial Register:     Local court 20355 Hamburg

under:                                       HRB 58782

Share capital:                 EUR            120,000.00

 

 

Shareholder

 

Heinz-Otto Bertram

D 20095 Hamburg

born: 12.01.1944

Share:             EUR             60,000.00

 

Shareholder:

Joachim Taubensee

D 20095 Hamburg

born: 09.06.1960

Share:             EUR             60,000.00

Manager

 

Joachim Carl Becker

D 20095 Hamburg

having sole power of representation

born: 10.05.1936

Profession: Businessman

 

Manager:

Heinz-Otto Bertram

D 20095 Hamburg

having sole power of representation

born: 12.01.1944

Profession: Businessman

 

Manager:

Joachim Taubensee

D 20457 Hamburg

having sole power of representation

born: 09.06.1960

Profession: Businessman

 

Manager:

Michael Frontzeck

D 20457 Hamburg

having sole power of representation

born: 10.04.1963

Profession: Businessman

 

 

COMPANY HISTORY

 

19.06.1995 - 11.10.2010  Eugen Atté GmbH

Am Sandtorkai 4-5

D 20457 Hamburg

Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

46370   Wholesale of coffee, tea, cocoa and spices

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            2,500 EUR

 

Balance sheet year:       2008/2009

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Pickhuben 6

                        D 20457 Hamburg

 

Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, HAMBURG

Sort. code: 20070000, BIC: DEUTDEHHXXX

 

WARBURG, M.M.- BANK, HAMBURG

Sort. code: 20120100, BIC: WBWCDEHHXXX

 

 

FINANCIAL FIGURES

 

Turnover:            2009/2010          EUR          3,000,000.00

Ac/ts receivable:                       EUR            355,907.00

Liabilities:                           EUR            917,111.00

Employees:                                                      6

 

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

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.10.2008 - 30.09.2009

Equity ratio [%]:                 36.95

Liquidity ratio:                  10.00

Return on total capital [%]:       6.47

 

Balance sheet ratios 01.10.2007 - 30.09.2008

Equity ratio [%]:                 28.00

Liquidity ratio:                   2.81

Return on total capital [%]:       9.00

 

Balance sheet ratios 01.10.2006 - 30.09.2007

Equity ratio [%]:                 16.46

Liquidity ratio:                   8.81

Return on total capital [%]:      -4.61

 

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.

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.10.2008 - 30.09.2009

 

ASSETS                                  EUR          1,135,618.85

 Fixed assets                           EUR              6,407.00

  Intangible assets                     EUR              2,683.00

  Tangible assets                       EUR              3,724.00

 Current assets                         EUR          1,126,112.40

  Accounts receivable                   EUR            355,907.87

  Liquid means                          EUR            770,204.53

 Remaining other assets                 EUR              3,099.45

  Accruals (assets)                     EUR              3,099.45

 

LIABILITIES                             EUR          1,135,618.85

 Shareholders' equity                   EUR            198,429.13

  Capital                               EUR            120,000.00

   Subscribed capital (share capital)   EUR            120,000.00

  Balance sheet profit/loss (+/-)       EUR             78,429.13

   Profit / loss brought forward        EUR              5,009.62

   Annual surplus / annual deficit      EUR             73,419.51

 Provisions                             EUR             20,078.00

 Liabilities                            EUR            917,111.72

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.10.2007 - 30.09.2008

 

ASSETS                                  EUR            487,405.60

 Fixed assets                           EUR             15,990.14

  Intangible assets                     EUR              5,512.00

  Tangible assets                       EUR              4,718.14

  Financial assets                      EUR              5,760.00

 Current assets                         EUR            469,338.46

  Accounts receivable                   EUR            273,624.62

  Liquid means                          EUR            195,713.84

 Remaining other assets                 EUR              2,077.00

  Accruals (assets)                     EUR              2,077.00

 

LIABILITIES                             EUR            487,405.60

 Shareholders' equity                   EUR            136,676.38

  Capital                               EUR            120,000.00

   Subscribed capital (share capital)   EUR            120,000.00

  Balance sheet profit/loss (+/-)       EUR             16,676.38

   Profit / loss brought forward        EUR            -25,471.55

   Annual surplus / annual deficit      EUR             42,147.93

 Provisions                             EUR             57,627.11

 Liabilities                              EUR            293,102.11

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.38

UK Pound

1

Rs.74.01

Euro

1

Rs.64.48

 

 

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

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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.