MIRA INFORM REPORT

 

 

Report Date :           

03.04.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

WALTER MUTH

 

 

Registered Office :

Rimbergstr. 19a, D 35094 Lahntal

 

 

Country :

Germany

 

 

Date of Incorporation :

01.09.1995

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Unregistered Commercial Enterprise

 

 

Line of Business :

Agents involved in the sale of machinery, industrial equipment, shipsand aircraft

 

 

No. of Employees :

02

 

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 :

Small Company 

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

 

Walter Muth

 

Rimbergstr. 19a

D 35094 Lahntal

Telephone:06420/82040

Telefax:  06420/82042

Homepage:        www.fletec.de

E-mail:              info@fletec.de

 

 

Trade name

 

Fletec Anlagensysteme Fleischwirtschaft

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Unregistered commercial enterprise

Date of foundation:         01.09.1995

Begin of business

activities:                       01.09.1997

 

 

Proprietor

 

Walter Muth

Klosterbergstr. 16

D 35094 Lahntal

born: 16.03.1958

Property regime: Statutory matrimonial

property regime

Marital status: married

 

 

COMPANY HISTORY

 

 01.09.1995 - 01.12.1996  Walter Muth & Jochen Schöbel GbR

                          Rimbergstr. 19

                          D 35094 Lahntal

                          Partnership under the Civil Code

 01.12.1996 - 01.01.1997  Walter Muth

                          Rimbergstr. 19

                          D 35094 Lahntal

                          Unregistered commercial enterprise

 06.03.1997 - 15.02.2002  Walter Muth

                          Rimbergstr. 19

                          D 35094 Lahntal

                          Unregistered commercial enterprise

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

4614    Agents involved in the sale of machinery, industrial equipment, shipsand aircraft

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            10,000 EUR

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Rimbergstr. 19 a

D 35094 Lahntal

 

Real Estate of:               Walter Muth

Type of ownership:         proprietor

Share:                           100.00 %

Address                        Klosterbergstr. 16

D 35094 Lahntal

Value at selling price:                 EUR            153,000.00

Land register documents were not available.

BANKERS

 

Principal bank

VOLKSBANK MITTELHESSEN, LAHNTAL

Sort. code: 51390000, BIC: VBMHDE5FXXX

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2010               EUR            750,000.00

                      2011               EUR            500,000.00

 Expected turnover:                      EUR          1,000,000.00

 further business figures:

 Equipment:                              EUR             16,000.00

 Ac/ts receivable:                       EUR             46,000.00

 Liabillities:                           EUR             92,000.00

 Total numbers of vehicles:                                      1

 - Passenger cars:                                               1

 Employees:                                                      2

 

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

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.16

UK Pound

1

Rs.81.79

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.