MIRA INFORM REPORT

 

 

Report Date :           

02.04.2012

 

IDENTIFICATION DETAILS

 

Name :

WILHELM SANDER FERTIGUNG GMBH

 

 

Registered Office :

Zum Panrepel 41, D 28307 Bremen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

28.11.1983

 

 

Com. Reg. No.:

HRB 9877

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of taps and valves

 

 

No. of Employees :

41

 

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 :

250,000 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 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 

 

Wilhelm Sander Fertigung GmbH

 

Zum Panrepel 41

D 28307 Bremen

Telephone:        0421/48603-0

Telefax:             0421/48603-89

Homepage:        www.sander-fertigung.de

E-mail:              info@sander-fertigung.de

 

 

VAT no         

 

DE811251444

 

 

Tax ID number

 

71 589 02812

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         28.11.1983

Shareholders'

agreement:                    28.11.1983

Registered on:               03.01.1984

Commercial Register:     Local court 28195 Bremen

under:                                       HRB 9877 HB

Share capital:                          EUR          1,380,500.00

 

 

Shareholder

 

Baryon AB

Kullgardsvagen 31

S 234 Laholm

Legal form: Other legal form

Share:             EUR          1,380,500.00

Manager

 

Dan Broström

S  Kullavik

having sole power of representation

born: 19.01.1959

Nationality: Swedish

 

 

Proxy

 

Claudia Grube

Im Moor 3

D 28355 Bremen

having sole power of representation

born: 27.06.1966

 

 

Further functions/participations of Dan Broström (Manager)

 

Manager:

                     Sander Navy GmbH

                     Zum Panrepel 41

                     D 28307 Bremen

                     Legal form: Private limited company

                     Share capital:     EUR             27,000.00

                     Registered

                     on:         22.02.2007

                     Reg. data:  28195 Bremen, HRB 24062 HB

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

28.01.2011 - 05.03.2012  Manager

                         Per-Ola Nilsson

                         S - Värnamo

12.02.2010 - 20.01.2011  Manager

                         Frank Helmken

                         D 28211 Bremen

20.08.2003 - 02.02.2010  Manager

                         Frank Helmken

                         D 28211 Bremen

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

28140   Manufacture of taps and valves n.e.c.

 

 

PARTICIPATIONS

 

Shareholder:

                     Sander Navy GmbH

                     Zum Panrepel 41

                     D 28307 Bremen

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             27,000.00

                     Share:             EUR             27,000.00

                     Reg. data:  22.02.2007

                                 Local court 28195 Bremen

                                 HRB 24062 HB

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            250,000 EUR

 

Balance sheet year:       2009

 

 

REAL ESTATE

 

Type of ownership:         proprietor

Share:                           100.00 %

Address                        Zum Panrepel 41

                                    D 28307 Bremen

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

COMMERZBANK, BREMEN

Sort. code: 29040090, Account no.: 2855666, BIC: COBADEFF290

 

Further banks

BANKHAUS NEELMEYER, BREMEN

Sort. code: 29020000, BIC: NEELDE22XXX

 

SVENSKA HANDELSBANKEN DEUTSCHLAND, FRANKFURT AM MAIN

Sort. code: 51420600, Account no.: 12632006, BIC: HANDDEFFXXX

 

 

FINANCIAL FIGURES

 

Turnover:            2010               EUR         11,000,000.00

                     2011               EUR         11,000,000.00

further business figures:

Equipment:                              EUR            210,000.00

Ac/ts receivable:                       EUR          1,787,716.00

Liabillities:                           EUR          1,321,320.00

Real estate of the firm:                EUR          1,435,006.00

Total numbers of vehicles:                                      4

- Passenger cars:                                               4

Employees:                                                     41

- thereof permanent staff:                                     34

- Trainees:                                                     6

- 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 01.01.2009 - 31.12.2009

Equity ratio [%]:                 33.84

Liquidity ratio:                   0.37

Return on total capital [%]:      11.08

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 33.00

Liquidity ratio:                   0.28

Return on total capital [%]:       5.00

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 26.46

Liquidity ratio:                   0.50

Return on total capital [%]:      12.56

Balance sheet grade:                2.5

 

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

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          7,677,286.37

 Fixed assets                           EUR          1,836,272.00

  Intangible assets                     EUR            117,090.00

   Other / unspecified intangible assetsEUR            117,090.00

  Tangible assets                       EUR          1,696,682.00

   Other / unspecified tangible assets  EUR          1,696,682.00

  Financial assets                      EUR             22,500.00

   Other / unspecified financial assets EUR             22,500.00

 Current assets                         EUR          5,811,509.67

  Stocks                                EUR          4,162,925.75

   Other / unspecified stocks           EUR          4,162,925.75

   Received advance payments for orders

   (depreciated on the assets side)     EUR           -343,957.16

  Accounts receivable                   EUR          1,597,882.34

   Other debtors and assets             EUR          1,597,882.34

  Liquid means                          EUR             50,701.58

 Remaining other assets                 EUR             29,504.70

  Accruals (assets)                     EUR             29,504.70

 

LIABILITIES                             EUR          7,677,286.37

 Shareholders' equity                   EUR          2,636,363.30

  Capital                               EUR          1,380,500.00

   Subscribed capital (share capital)   EUR          1,380,500.00

  Reserves                              EUR            200,000.00

   Capital reserves                     EUR            200,000.00

  Balance sheet profit/loss (+/-)       EUR          1,055,863.30

   Balance sheet profit / loss          EUR          1,055,863.30

 Provisions                             EUR            618,008.23

 Liabilities                            EUR          4,422,914.84

  Other liabilities                     EUR          4,422,914.84

   Unspecified other liabilities        EUR          4,422,914.84

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2008 - 31.12.2008

 

ASSETS                                  EUR          7,656,676.38

 Start-up / business expansion expenses EUR             33,900.00

 Fixed assets                           EUR          1,604,970.00

  Intangible assets                     EUR             28,450.00

  Tangible assets                       EUR          1,567,520.00

  Financial assets                      EUR              9,000.00

 Current assets                         EUR          5,981,539.45

  Stocks                                EUR          4,586,269.78

   Received advance payments for orders

   (depreciated on the assets side)     EUR           -303,897.93

  Accounts receivable                   EUR          1,296,311.22

  Liquid means                          EUR             98,958.45

 Remaining other assets                 EUR             36,266.93

  Accruals (assets)                     EUR             36,266.93

 

LIABILITIES                             EUR          7,656,676.38

 Shareholders' equity                   EUR          1,792,025.24

  Capital                               EUR          1,380,500.00

   Subscribed capital (share capital)   EUR          1,380,500.00

  Reserves                              EUR            200,000.00

   Capital reserves                     EUR            200,000.00

  Balance sheet profit/loss (+/-)       EUR            211,525.24

   Balance sheet profit / loss          EUR            211,525.24

 Provisions                             EUR            348,100.83

 Liabilities                            EUR          5,516,550.31

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.16

UK Pound

1

Rs.81.72

Euro

1

Rs.68.34

 

 

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.