MIRA INFORM REPORT

 

 

Report Date :           

09.04.2012

 

IDENTIFICATION DETAILS

 

Name :

MST SHOE TRADE & SERVICE GMBH

 

 

Registered Office :

Im Gehörnerwald 17, D 66954 Pirmasens

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1975

 

 

Com. Reg. No.:

HRB 21702

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Agents involved in the sale of footwear, leatherware and luggage

 

 

No. of Employees :

25

 

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 – March 31st, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

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

 

MST shoe trade & service GmbH

 

 

Company address

 

Im Gehörnerwald 17

D 66954 Pirmasens

Telephone:        06331/5145-0

Telefax:             06331/5145-21

Homepage:        www.mst-service.de

E-mail:              info@amcompany.de

 

 

VAT no            

 

DE149603524

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         1975

Shareholders'

agreement:                    21.11.1975

Registered on:               28.11.1978

Commercial Register:     Local court 66482 Zweibrücken

under:                           HRB 21702

Share capital:                 EUR            287,000.00

 

 

Shareholder

 

Tim-Torsten Müller

Reiterstr. 1

D 66954 Pirmasens

born: 07.12.1966

Share:             EUR            287,000.00

Manager

 

Christa Erika Glahn

D 66503 Dellfeld

born: 24.12.1951

 

 

COMPANY HISTORY

 

02.03.1998 - 30.09.1999  astormüller Schuhvertrieb GmbH

                         Im Gehörnerwald 17

                         D 66954 Pirmasens

                         Private limited company

30.09.1999 - 25.10.2007  AM SHOE COMPANY GMBH (bis 25.10.2007)

                         Im Gehörnerwald 17

                         D 66954 Pirmasens

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

46165   Agents involved in the sale of footwear, leatherware and luggage

4772    Retail sale of footwear and leather goods

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            250,000 EUR

 

Balance sheet year:       2010

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Im Gehörnerwald 17

                                    D 66954 Pirmasens

 

Land register documents were not available.

 

BANKERS

 

COMMERZBANK VORMALS DRESDNER BANK, PIRMASENS

Sort. code: 54280023, Account no.: 289890100, BIC: DRESDEFF542

 

DEUTSCHE BANK, PIRMASENS

Sort. code: 54270096, BIC: DEUTDESM542

 

COMMERZBANK, PIRMASENS

Sort. code: 54240032, Account no.: 298016700, BIC: COBADEFF542

 

 

FINANCIAL FIGURES

 

Turnover:            2010               EUR         22,000,000.00

                     2011               EUR         22,000,000.00

Profit:              2010               EUR           -315,436.00

further business figures:

Equipment:                              EUR            212,500.00

Ac/ts receivable:                       EUR            211,910.00

Liabillities:                           EUR            363,710.00

Total numbers of vehicles:                                      5

Employees:                                                     25

 

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

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 38.38

Liquidity ratio:                  10.00

Return on total capital [%]:     -27.74

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 47.75

Liquidity ratio:                  10.00

Return on total capital [%]:       4.48

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 50.73

Liquidity ratio:                  10.00

Return on total capital [%]:       3.50

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 29.79

Liquidity ratio:                   2.40

Return on total capital [%]:      -2.13

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          1,145,556.78

 Fixed assets                           EUR            242,786.00

  Intangible assets                     EUR             16,507.00

   Other / unspecified intangible assetsEUR             16,507.00

  Tangible assets                       EUR            226,279.00

   Other / unspecified tangible assets  EUR            226,279.00

 Current assets                         EUR            899,824.30

  Stocks                                EUR            127,495.81

  Accounts receivable                   EUR            211,909.88

   Other debtors and assets             EUR            211,909.88

  Liquid means                          EUR            560,418.61

 Remaining other assets                 EUR              2,946.48

  Accruals (assets)                     EUR              2,946.48

 

LIABILITIES                             EUR          1,145,556.78

 Shareholders' equity                   EUR            444,736.21

  Capital                               EUR            287,000.00

   Subscribed capital (share capital)   EUR            287,000.00

  Reserves                              EUR             52,342.42

   Capital reserves                     EUR             52,342.42

  Balance sheet profit/loss (+/-)       EUR            105,393.79

   Profit / loss brought forward        EUR            420,830.15

   Annual surplus / annual deficit      EUR           -315,436.36

 Provisions                             EUR            337,110.87

 Liabilities                            EUR            363,709.70

  Other liabilities                     EUR            363,709.70

   Unspecified other liabilities        EUR            363,709.70

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          1,576,423.24

 Fixed assets                           EUR            307,899.00

  Intangible assets                     EUR             28,157.00

   Other / unspecified intangible assetsEUR             28,157.00

  Tangible assets                       EUR            279,742.00

   Other / unspecified tangible assets  EUR            279,742.00

 Current assets                         EUR          1,265,944.98

  Stocks                                EUR            117,932.39

  Accounts receivable                   EUR            833,394.87

   Other debtors and assets             EUR            833,394.87

  Liquid means                          EUR            314,617.72

 Remaining other assets                 EUR              2,579.26

  Accruals (assets)                     EUR              2,579.26

 

LIABILITIES                             EUR          1,576,423.24

 Shareholders' equity                   EUR            760,172.57

  Capital                               EUR            287,000.00

   Subscribed capital (share capital)   EUR            287,000.00

  Reserves                              EUR             52,342.42

   Capital reserves                     EUR             52,342.42

  Balance sheet profit/loss (+/-)       EUR            420,830.15

   Profit / loss brought forward        EUR            350,820.87

   Annual surplus / annual deficit      EUR             70,009.28

 Provisions                             EUR            428,939.00

 Liabilities                            EUR            387,311.67

  Other liabilities                     EUR            387,311.67

   Unspecified other liabilities        EUR            387,311.67

 

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

----

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.