MIRA INFORM
REPORT
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Report Date : |
09.04.2012 |
IDENTIFICATION DETAILS
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Name : |
FOLIAN GMBH |
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Registered Office : |
Feldstr. 30 OT Groß, Lüdershagen, D 18442 Wendorf |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
13.01.1999 |
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Com. Reg. No.: |
HRB 4629 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of plastic packing goods |
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No. of Employees
: |
94 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
250,000 EUR |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Germany |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
folian gmbh
Feldstr. 30 OT Groß
Lüdershagen
D 18442 Wendorf
Telephone: 03831/4828-0
Telefax: 03831/4828-48
Homepage: www.folian.com
E-mail:
info@folian.com
DE199269616
082/108/03255
LEGAL FORM Private limited company
Date of foundation: 13.01.1999
Begin of business
activities: 02.01.2001
Shareholders'
agreement: 13.01.1999
Registered on: 29.06.1999
Commercial Register: Local court
18439 Stralsund
under: HRB 4629
Share capital:
EUR 200,000.00
Stefan Muschter
Friedrich-Naumann-Str.
47
D 18435 Stralsund
born: 22.11.1963
Share:
EUR 75,500.00
Shareholder:
Manuela Ingrid Muschter
Friedrich-Naumann-Str.
47
D 18435 Stralsund
born: 28.07.1967
née: Laß
Share: EUR 75,500.00
Shareholder:
Töpfer Kulmbach GmbH
Am Kreuzstein 5
D 95326 Kulmbach
Post Box:
14 40, D 95305 Kulmbach
Legal form: Private limited company
Share capital: EUR 204,516.75
Share: EUR 49,000.00
Registered on: 14.09.1952
Reg. data: 95444 Bayreuth, HRB 147
Stefan Muschter
Friedrich-Naumann-Str.
47
D 18435 Stralsund
having sole power of representation
born: 22.11.1963
Profession: Management expert
Manager:
Manuela Ingrid Muschter
Friedrich-Naumann-Str.
47
D 18435 Stralsund
having sole power of representation
born: 28.07.1967
née: Laß
Profession: Management expert
29.06.1999 - 06.08.2000 Muschter GmbH
An den Bleichen 39
D 18435 Stralsund
Private
limited company
07.08.2000 - 18.10.2000 folian gmbh
Friedrich-Engels-Str. 12c
D 18435 Stralsund
Private
limited company
19.10.2000 - 22.07.2005 folian gmbh
Feldstr. 30
D 18442 Wendorf
Private
limited company
Sectors
1812 Other printing
22220 Manufacture of plastic
packing goods
731 Advertising
Payment experience: cash discount/within agreed terms
Negative information We have no negative information at hand.
Maximum credit: 250,000
EUR
Balance sheet year: 2010
Type of ownership: proprietor
Share: 100.00 %
Address Feldstr. 30
OT Groß Lüdershagen
D 18442 Wendorf
Land register documents were not available.
Principal bank
POMMERSCHE VOLKSBANK, STRALSUND
Sort. code: 13091054, Account no.: 1300148, BIC: GENODEF1HST
Further banks
COMMERZBANK, STRALSUND
Sort. code: 15040068, Account no.: 878770700, BIC: COBADEFF151
UNICREDIT BANK - HYPOVEREINSBANK, STRALSUND
Sort. code: 20030000, Account no.: 638624205, BIC: HYVEDEMM300
Turnover:
2010 EUR 18,672,418.00
2011 EUR 19,000,000.00
Profit:
2010 EUR 1,301,410.00
further business figures:
Equipment: EUR 175,168.00
Ac/ts receivable: EUR 2,286,469.00
Liabillities:
EUR 4,495,180.00
Total numbers of vehicles: 4
- Passenger cars: 4
Employees:
94
- Part-time employees: 1
- Trainees:
9
BALANCE SHEETS
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 47.59
Liquidity ratio: 0.51
Return on total capital [%]: 11.49
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 57.18
Liquidity ratio: 0.75
Return on total capital [%]: 16.59
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 52.11
Liquidity ratio: 0.73
Return on total capital [%]: 11.60
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 43.35
Liquidity ratio: 0.32
Return on total capital [%]: 7.40
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.
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2010 - 31.12.2010
ASSETS EUR 11,378,585.40
Fixed
assets EUR 5,490,483.03
Intangible
assets EUR 5,301.00
Concessions, licences, rights EUR 5,301.00
Tangible
assets EUR 5,485,182.03
Land /
similar rights EUR 1,681,328.17
Plant /
machinery EUR 3,623,085.36
Other
tangible assets / fixtures and
fittings
EUR 175,168.50
Advance
payments made / construction
in
progress
EUR 5,600.00
Current
assets EUR 5,875,221.72
Stocks EUR 3,587,272.00
Raw
materials, consumables and
supplies
EUR 1,872,172.00
Finished
goods / work in progress EUR 1,715,100.00
Accounts
receivable EUR 2,286,469.40
Trade
debtors EUR 1,863,831.83
Other
debtors and assets EUR 422,637.57
Liquid
means EUR 1,480.32
Remaining
other assets EUR 12,880.65
Accruals
(assets) EUR 12,880.65
LIABILITIES EUR 11,378,585.40
Shareholders'
equity EUR 5,416,168.76
Capital EUR 200,000.00
Subscribed
capital (share capital) EUR 200,000.00
Reserves
EUR 541,000.00
Capital
reserves EUR 541,000.00
Balance
sheet profit/loss (+/-) EUR 4,675,168.76
Profit /
loss brought forward EUR 3,373,759.18
Annual
surplus / annual deficit EUR
1,301,409.58
Items between
shareholders' equity and
debt
capital
EUR 1,207,039.69
Allowances /
bonuses EUR 583,877.00
Mezzanine
financing EUR 623,162.69
Contributions of silent partners
EUR 623,162.69
Provisions EUR 260,196.05
Other /
unspecified provisions EUR 260,196.05
Liabilities EUR 4,495,180.90
Financial
debts EUR 3,306,681.56
Liabilities
due to banks EUR 3,306,681.56
Other
liabilities EUR 1,188,499.34
Trade
creditors (for IAS incl. bills
of exchange) EUR 935,198.72
Unspecified
other liabilities EUR 253,300.62
thereof
liabilities from tax /
financial
authorities EUR 86,905.15
thereof
liabilities from social
security
EUR 950.67
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 18,672,418.48
Inventory
change + own costs (+/-) EUR 632,316.80
Inventory
change (+/-) EUR 630,706.00
Capitalised own costs EUR 1,610.80
Other
operating income EUR 480,546.74
Cost of
materials EUR 11,304,298.35
Raw
materials and supplies, purchased
goods EUR 10,887,746.59
Purchased
services EUR 416,551.76
Gross result
(+/-) EUR 8,480,983.67
Staff
expenses EUR 2,531,505.29
Wages and
salaries EUR 2,149,306.21
Social
security contributions and
expenses for
pension plans and
benefits EUR 382,199.08
Total
depreciation EUR 1,694,623.03
Depreciation
on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,694,623.03
Other operating
expenses EUR 2,339,935.76
Operating
result from continuing
operations EUR 1,914,919.59
Interest
result (+/-) EUR -173,018.04
Interest and
similar income EUR 3,356.57
Interest and
similar expenses EUR 176,374.61
Financial
result (+/-) EUR -173,018.04
Result from
ordinary operations (+/-) EUR 1,741,901.55
Expenses for
transfer of profits to a
parent
company EUR 6,231.63
Income tax /
refund of income tax (+/-)EUR
-430,656.66
Other taxes /
refund of taxes EUR -3,603.68
Tax
(+/-) EUR -434,260.34
Annual
surplus / annual deficit EUR 1,301,409.58
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2009 - 31.12.2009
ASSETS EUR 11,017,443.72
Fixed
assets EUR 6,068,302.36
Intangible
assets EUR 28,827.00
Other /
unspecified intangible assetsEUR 28,827.00
Tangible
assets EUR 6,039,475.36
Land /
similar rights EUR 1,760,611.17
Plant /
machinery EUR 4,082,947.19
Other
tangible assets / fixtures and
fittings
EUR 186,417.00
Advance
payments made / construction
in
progress
EUR 9,500.00
Current
assets EUR 4,944,135.95
Stocks EUR 2,297,174.00
Accounts
receivable EUR 1,739,309.09
Other
debtors and assets EUR 1,739,309.09
Liquid
means EUR 907,652.86
Remaining
other assets EUR 5,005.41
Accruals (assets) EUR 5,005.41
LIABILITIES EUR 11,017,443.72
Shareholders'
equity EUR 5,934,062.98
Capital EUR 200,000.00
Subscribed
capital (share capital) EUR 200,000.00
Reserves
EUR 541,000.00
Capital
reserves EUR 541,000.00
Balance
sheet profit/loss (+/-) EUR 5,193,062.98
Balance
sheet profit / loss EUR 5,193,062.98
Items between
shareholders' equity and
debt
capital
EUR 1,367,099.69
Special
items with reserve funds EUR 743,937.00
Mezzanine financing EUR 623,162.69
Contributions of silent partners
EUR 623,162.69
Provisions EUR 483,340.81
Liabilities EUR 3,232,940.24
Financial
debts EUR 2,210,320.27
Liabilities
due to banks EUR 2,210,320.27
Other
liabilities EUR 1,022,619.97
Unspecified
other liabilities EUR 1,022,619.97
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result
(+/-) EUR 8,838,471.40
Staff
expenses EUR 2,422,420.26
Wages and
salaries EUR 2,048,926.20
Social
security contributions and
expenses for
pension plans and
benefits
EUR 373,494.06
Total
depreciation EUR 1,672,597.86
Depreciation
on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,672,597.86
Other
operating expenses EUR 2,123,764.20
Operating
result from continuing
operations EUR 2,619,689.08
Interest
result (+/-) EUR -162,328.17
Interest and
similar income EUR 25,859.06
Interest and
similar expenses EUR 188,187.23
Financial
result (+/-) EUR -162,328.17
Result from
ordinary operations (+/-) EUR 2,457,360.91
Expenses for
transfer of profits to a
parent
company EUR 6,231.63
Income tax /
refund of income tax (+/-)EUR -627,219.87
Other taxes /
refund of taxes EUR -4,605.61
Tax
(+/-)
EUR -631,825.48
Annual surplus / annual deficit EUR 1,819,303.80
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.05 |
|
UK Pound |
1 |
Rs.81.09 |
|
Euro |
1 |
Rs.67.39 |
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 |
|
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.