MIRA INFORM REPORT

 

 

Report Date :           

27.09.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

MANFRED KÜMMEL GMBH

 

 

Registered Office :

Breslauer Str. 4, D 47906 Kempen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

01.10.1976

 

 

Com. Reg. No.:

HRB 9072

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of other machinery, equipment and supplies

 

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 :

5,000 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 – 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   

 

Manfred Kümmel GmbH

 

Main address:        

Breslauer Str. 4

D 47906 Kempen

Telephone:02152/51386

Telefax:  02152/54321

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         01.10.1976

Registered on:               29.01.1982

Commercial Register:     Local court 47798 Krefeld

under:                                       HRB 9072

Share capital:                 EUR             25,564.59

 

 

Shareholder

 

Manfred Kümmel

Breslauer Str. 4

D 47906 Kempen

born: 1936

Share:             EUR             25,564.59

 

 

Manager

 

Manfred Kümmel

Breslauer Str. 4

D 47906 Kempen

born: 1936

Marital status: married

 

 

COMPANY HISTORY

 

29.01.1982 - 11.2010     Manfred Kümmel GmbH

                          Kleinbahnstr. 47

                          D 47906 Kempen

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

4669   Wholesale of other machinery, equipment and supplies

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            5,000 EUR

 

Balance sheet year:       2009

 

 

REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Breslauer Str. 4

                                    D 47906 Kempen

 

 Real Estate of:              Manfred Kümmel

 Type of ownership:        unknown

 Address                       Breslauer Str. 4

                                    D 47906 Kempen

 

Land register documents were not available.

 

 

BANKERS

 

VOLKSBANK KREFELD, KREFELD

Sort. code: 32060362, BIC: GENODED1HTK

 

FINANCIAL FIGURES

 

 Turnover:            2010               EUR            202,000.00

 Ac/ts receivable:                       EUR            338,097.00

 Liabillities:                           EUR            316,321.00

 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 01.01.2009 - 31.12.2009

Equity ratio [%]:                 14.80

Liquidity ratio:                   1.20

Return on total capital [%]:      11.30

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 17.08

Liquidity ratio:                   0.86

Return on total capital [%]:     -27.87

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 32.66

Liquidity ratio:                   0.48

Return on total capital [%]:     -18.93

 

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.

 

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:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR            373,506.10

  Fixed assets                           EUR              1,048.49

   Tangible assets                       EUR                936.01

    Other / unspecified tangible assets  EUR                936.01

   Financial assets                      EUR                112.48

    Other / unspecified financial assets EUR                112.48

  Current assets                         EUR            372,457.61

   Accounts receivable                   EUR            338,097.64

    Other debtors and assets             EUR            338,097.64

   Liquid means                          EUR             34,359.97

 

 LIABILITIES                             EUR            373,506.10

  Shareholders' equity                   EUR             55,284.63

   Capital                               EUR             25,564.59

    Subscribed capital (share capital)   EUR             25,564.59

   Balance sheet profit/loss (+/-)       EUR             29,720.04

    Profit / loss brought forward        EUR            -12,478.89

    Annual surplus / annual deficit      EUR             42,198.93

  Provisions                             EUR              1,900.00

  Liabilities                            EUR            316,321.47

   Other liabilities                     EUR            316,321.47

    Unspecified other liabilities        EUR            316,321.47

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR             76,617.89

  Fixed assets                           EUR                883.49

   Tangible assets                       EUR                771.01

   Financial assets                      EUR                112.48

  Current assets                         EUR             75,734.40

   Stocks                                EUR             22,500.00

   Accounts receivable                   EUR             53,051.05

   Liquid means                          EUR                183.35

  Remaining other assets                 EUR                  0.00

   Accruals (assets)                     EUR                  0.00

 

 LIABILITIES                             EUR             76,617.89

  Shareholders' equity                   EUR             13,085.70

   Capital                               EUR             25,564.59

    Subscribed capital (share capital)   EUR             25,564.59

   Balance sheet profit/loss (+/-)       EUR            -12,478.89

    Profit / loss brought forward        EUR              8,873.36

    Annual surplus / annual deficit      EUR            -21,352.25

  Provisions                             EUR              1,500.00

  Liabilities                            EUR             62,032.19

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.62

UK Pound

1

Rs.76.68

Euro

1

Rs.66.47

 

 

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.