MIRA INFORM REPORT

 

 

Report Date :           

20.09.2011

 

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

 

 Bottom of Form

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.47.79

UK Pound

1

Rs.75.06

Euro

1

Rs.65.35

 

 

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.