MIRA INFORM REPORT

 

 

Report Date :           

12.04.2012

 

IDENTIFICATION DETAILS

 

Name :

WISKA HOPPMANN & MULSOW GMBH

 

 

Registered Office :

Kisdorfer Weg 28, D 24568 Kaltenkirchen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.01.1920

 

 

Com. Reg. No.:

HRB 2047 BB

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer of other electric equipment

 

 

No. of Employees :

130

 

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

 

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 address 

 

WISKA Hoppmann & Mulsow GmbH

 

 

Company address

 

Kisdorfer Weg 28

D 24568 Kaltenkirchen

Telephone:        04191/508-0

Telefax:             04191/508-509

Homepage:        www.wiska.com

E-mail:              www.wiska.com

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         01.01.1920

Begin of business

activities:                       01.01.1920

Shareholders'

agreement:                    01.01.1920

Registered on:               29.12.1967

Commercial Register:     Local court 24114 Kiel

under:                                       HRB 2047 BB

Share capital:                  EUR            800,000.00

 

 

Shareholder

 

Tanja Hoppmann

Ordulfstr. 5

D 22459 Hamburg

born: 25.01.1968

Share:             EUR            373,350.00

 

Shareholder:

Ronald Hoppmann

Straßenbahnring 9

D 20251 Hamburg

born: 18.05.1971

Share:             EUR            373,350.00

 


Shareholder:

Peter Wilhelm Eduard Hermann Hoppmann

Sottorfallee 15

D 22529 Hamburg

born: 12.01.1921

Share:             EUR             26,650.00

 

Shareholder:

Karin Auguste Hoppmann

Sottorfallee 15

D 22529 Hamburg

born: 04.09.1935

née: Schmidt

Share:             EUR             26,650.00

 

 

Manager

 

Peter Wilhelm Eduard Hermann Hoppmann

Sottorfallee 15

D 22529 Hamburg

born: 12.01.1921

Profession: Businessman

Marital status: married

to:         Karin Auguste Hoppmann

born Schmidt

born 04.09.1935

 

Manager:

Karin Auguste Hoppmann

Sottorfallee 15

D 22529 Hamburg

born: 04.09.1935

née: Schmidt

Profession: Businessman

Marital status: married

to:         Peter Wilhelm Eduard Hermann

Hoppmann

born 12.01.1921

 

Manager:

Tanja Hoppmann

Ordulfstr. 5

D 22459 Hamburg

having sole power of representation

born: 25.01.1968


Manager:

Ronald Hoppmann

Straßenbahnring 9

D 20251 Hamburg

having sole power of representation

born: 18.05.1971

 

 

Proxy

 

Olaf Ammermann

Nordseestr. 2

D 26427 Neuharlingersiel

authorized to jointly represent the company

born: 02.02.1970

Profession: Fully qualified merchant

 

Proxy:

Anja Rachow

D 24629 Kisdorf

having sole power of representation

born: 10.06.1964

née: Schmidtke

 

Proxy:

Reinhold Sylvester

D 24594 Hohenwestedt

having sole power of representation

born: 12.03.1951

 

Proxy:

Matthias Haack

D 24783 Osterrönfeld

authorized to jointly represent the company

born: 08.01.1974

 

Proxy:

Peter Gehre

D 24576 Bad Bramstedt

authorized to jointly represent the company

born: 26.05.1963

 

Further functions/participations of Peter Wilhelm Eduard Hermann Hoppmann (Manager)

 

Limited partner:

                     FUNDUS Fonds-Verwaltungen Immobilien-Anlagen

                     Nr. 25 KG

                     Im Neffeltal 1

                     D 52391 Vettweiß

                     Legal form: Limited partnership

                     Total cap.         EUR            268,428.23

                     contribution:

                     Share:             EUR             25,564.59

                     Registered

                     on:         20.12.1989

                     Reg. data:  52349 Düren, HRA 1413

Shareholder:

                     Buran Immobilienverwaltungs- und

                     Beteiligungs-GmbH

                     Kisdorfer Weg 28

                     D 24568 Kaltenkirchen

                     Legal form: Private limited company

                     Share capital:     EUR            100,000.00

                     Share:             EUR             25,000.00

                     Registered

                     on:         16.12.2011

                     Reg. data:  24114 Kiel, HRB 13495 KI

Manager:

                     Buran Immobilienverwaltungs- und

                     Beteiligungs-GmbH

                     Kisdorfer Weg 28

                     D 24568 Kaltenkirchen

                     Legal form: Private limited company

                     Share capital:     EUR            100,000.00

                     Registered

                     on:         16.12.2011

                     Reg. data:  24114 Kiel, HRB 13495 KI

 

Further functions/participations of Karin Auguste Hoppmann

(Manager)

 

Shareholder:

                     Buran Immobilienverwaltungs- und

                     Beteiligungs-GmbH

                     Kisdorfer Weg 28

                     D 24568 Kaltenkirchen

                     Legal form: Private limited company

                     Share capital:     EUR            100,000.00

                     Share:             EUR             25,000.00

                     Registered

                     on:         16.12.2011

                     Reg. data:  24114 Kiel, HRB 13495 KI

Manager:

                     Buran Immobilienverwaltungs- und

                     Beteiligungs-GmbH

                     Kisdorfer Weg 28

                     D 24568 Kaltenkirchen

                     Legal form: Private limited company

                     Share capital:     EUR            100,000.00

                     Registered

                     on:         16.12.2011

                     Reg. data:  24114 Kiel, HRB 13495 KI

 

Further functions/participations of Tanja Hoppmann (Manager)

 

Shareholder:

                     Buran Immobilienverwaltungs- und

                     Beteiligungs-GmbH

                     Kisdorfer Weg 28

                     D 24568 Kaltenkirchen

                     Legal form: Private limited company

                     Share capital:     EUR            100,000.00

                     Share:             EUR             25,000.00

                     Registered

                     on:         16.12.2011

                     Reg. data:  24114 Kiel, HRB 13495 KI

Manager:

                     WISKA CCTV GmbH

                     Kisdorfer Weg 28

                     D 24568 Kaltenkirchen

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         30.05.2003

                     Reg. data:  24114 Kiel, HRB 5093 NO

 

 

Further functions/participations of Ronald Hoppmann (Manager)

 

Shareholder:

                     Buran Immobilienverwaltungs- und

                     Beteiligungs-GmbH

                     Kisdorfer Weg 28

                     D 24568 Kaltenkirchen

                     Legal form: Private limited company

                     Share capital:     EUR            100,000.00

                     Share:               EUR             25,000.00

                     Registered

                     on:         16.12.2011

                     Reg. data:  24114 Kiel, HRB 13495 KI

Shareholder:

                     moviemates GmbH

                     Bei der Lutherbuche 25

                     D 22529 Hamburg

                     Legal form: Private limited company

                     Share capital:     EUR            103,800.00

                     Share:             EUR              5,200.00

                     Registered

                     on:         15.03.2006

                     Reg. data:  20355 Hamburg, HRB 96736


Manager:

                     WISKA CCTV GmbH

                     Kisdorfer Weg 28

                     D 24568 Kaltenkirchen

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         30.05.2003

                     Reg. data:  24114 Kiel, HRB 5093 NO

 

 

BUSINESS ACTIVITIES

 

Sectors

·         27900   Manufacture of other electric equipment n.e.c.

·         4674    Wholesale of hardware, plumbing and heating equipment and supplies

 

 

BRANCHES AND FACTORIES

 

Works:

                     WISKA Hoppmann & Mulsow GmbH *

                     Logistik-Zentrum *

                     Carl-Zeiss-Str. 5

                     D 24568 Kaltenkirchen

                     TEL.: 04191/9190988

 

 

PARTICIPATIONS

 

Shareholder:

                     WISKA CCTV GmbH

                     Kisdorfer Weg 28

                     D 24568 Kaltenkirchen

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,000.00

                     Share:             EUR             25,000.00

                     Reg. data:  30.05.2003

                                 Local court 24114 Kiel

                                 HRB 5093 NO

 


 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

           

Negative information:      We have no negative information at hand.

 

Balance sheet year:       2010

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Kisdorfer Weg 28

                                    D 24568 Kaltenkirchen

 

Land register documents were not available.

 

 

BANKERS

 

SPARKASSE SÜDHOLSTEIN, NEUMÜNSTER, HOLST

Sort. code: 23051030, BIC: NOLADE21SHO

 

POSTBANK (GIRO), HAMBURG

Sort. code: 20010020, BIC: PBNKDEFF200

 

COMMERZBANK, KALTENKIRCHEN, HOLST

Sort. code: 22141028, BIC: COBADEFF224

 

 

FINANCIAL FIGURES

 

Gross profit or loss:2010               EUR         11,600,741.00

Profit:              2010               EUR            275,872.00

Equipment:                              EUR          1,127,730.00

Ac/ts receivable:                       EUR          2,462,094.00

Liabillities:                           EUR          3,194,808.00

Employees:                                                    130

- thereof permanent staff:                                    100

- Trainees:                                                     7

 

 


BALANCE SHEETS

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 56.84

Liquidity ratio:                   0.85

Return on total capital [%]:       2.36

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 58.73

Liquidity ratio:                   1.06

Return on total capital [%]:      -2.01

Balance sheet grade:                2.4

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 51.12

Liquidity ratio:                   0.68

Return on total capital [%]:       7.79

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 47.89

Liquidity ratio:                   0.72

Return on total capital [%]:       7.43

 

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         11,708,101.82

 Fixed assets                           EUR          3,497,924.26

  Intangible assets                     EUR             26,763.00

   Other / unspecified intangible assetsEUR             26,763.00

  Tangible assets                       EUR          2,621,575.20

   Land / similar rights                EUR          1,090,106.20

   Plant / machinery                    EUR            403,739.00

   Other tangible assets / fixtures and

   fittings                             EUR          1,127,730.00

  Financial assets                      EUR            849,586.06

   Shares in participations /

   subsidiaries and the like            EUR            160,326.40

    Shares in related companies         EUR            160,326.40

   Loans to participations /

   subsidiaries and the like            EUR            689,259.66

    Loans to related companies          EUR            689,259.66

 Current assets                         EUR          8,146,028.09

  Stocks                                EUR          5,388,760.90

  Accounts receivable                   EUR          2,462,094.01

   Amounts due from related companies   EUR            379,496.40

   Other debtors and assets             EUR          2,082,597.61

  Liquid means                          EUR            295,173.18

 Remaining other assets                 EUR             64,149.47

  Accruals (assets)                     EUR             64,149.47

 

LIABILITIES                             EUR         11,708,101.82

 Shareholders' equity                   EUR          6,660,116.48

  Capital                               EUR            800,000.00

   Subscribed capital (share capital)   EUR            800,000.00

  Reserves                              EUR          5,802,761.49

   Retained earnings / revenue reserves EUR          5,802,761.49

  Balance sheet profit/loss (+/-)       EUR             57,354.99

   Profit / loss brought forward        EUR           -218,516.76

   Annual surplus / annual deficit      EUR            275,871.75

 Provisions                             EUR          1,853,177.35

 Liabilities                            EUR          3,194,807.99

  Financial debts                       EUR          1,624,784.48

   Liabilities due to banks             EUR          1,624,784.48

  Other liabilities                     EUR          1,570,023.51

   Unspecified other liabilities        EUR          1,570,023.51

 

PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

Code (HGB)

 Gross result (+/-)                     EUR         11,600,741.34

 Staff expenses                         EUR          6,136,578.71

  Wages and salaries                    EUR          5,181,364.70

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR            955,214.01

 Total depreciation                     EUR            640,821.72

 Other operating expenses               EUR          4,247,277.82

 Operating result from continuing

 operations                             EUR            576,063.09

 Result from participating interests

 (+/-)                                  EUR           -151,465.44

  Expenses for participations           EUR            151,465.44

   Expenses for other participations    EUR            151,465.44

 Interest result (+/-)                  EUR            -44,415.96

  Interest and similar income           EUR             38,769.64

  Interest and similar expenses         EUR             83,185.60

 Financial result (+/-)                 EUR           -195,881.40

 Result from ordinary operations (+/-)  EUR            380,181.69

 Income tax / refund of income tax (+/-)EUR            -92,162.54

 Other taxes / refund of taxes          EUR            -12,147.40

 Tax (+/-)                              EUR           -104,309.94

 Annual surplus / annual deficit        EUR            275,871.75

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR         10,861,897.14

 Fixed assets                           EUR          2,915,919.08

  Intangible assets                     EUR             23,036.00

   Other / unspecified intangible assetsEUR             23,036.00

  Tangible assets                       EUR          2,291,928.15

   Other / unspecified tangible assets  EUR          2,291,928.15

  Financial assets                      EUR            600,954.93

   Other / unspecified financial assets EUR            600,954.93

 Current assets                         EUR          7,930,387.23

  Stocks                                EUR          4,844,194.55

  Accounts receivable                   EUR          2,391,483.00

   Other debtors and assets             EUR          2,391,483.00

  Liquid means                          EUR            694,709.68

 Remaining other assets                 EUR             15,590.83

  Accruals (assets)                     EUR             15,590.83

 

LIABILITIES                             EUR         10,861,897.14

 Shareholders' equity                   EUR          6,384,244.73

  Capital                               EUR            800,000.00

   Subscribed capital (share capital)   EUR            800,000.00

  Reserves                              EUR          5,802,761.49

   Retained earnings / revenue reserves EUR          5,802,761.49

  Balance sheet profit/loss (+/-)       EUR           -218,516.76

   Annual surplus / annual deficit      EUR           -218,516.76

 Provisions                             EUR          1,517,410.82

 Liabilities                            EUR          2,960,241.59

  Other liabilities                     EUR          2,960,241.59

   Unspecified other liabilities        EUR          2,960,241.59

 

PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

Code (HGB)

 Gross result (+/-)                     EUR         10,755,491.39

 Staff expenses                         EUR          5,931,134.45

  Wages and salaries                    EUR          5,004,717.28

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR            926,417.17

 Total depreciation                     EUR            618,097.41

 Other operating expenses               EUR          4,274,859.52

 Operating result from continuing

 operations                             EUR            -68,599.99

 Result from participating interests

 (+/-)                                  EUR           -121,261.45

  Expenses for participations           EUR            121,261.45

   Expenses for other participations    EUR            121,261.45

 Interest result (+/-)                  EUR            -66,164.63

  Interest and similar income           EUR             35,565.69

  Interest and similar expenses         EUR            101,730.32

 Financial result (+/-)                 EUR           -187,426.08

 Result from ordinary operations (+/-)  EUR           -256,026.07

 Income tax / refund of income tax (+/-)EUR             48,308.57

 Other taxes / refund of taxes          EUR            -10,799.26

 Tax (+/-)                              EUR             37,509.31

 Annual surplus / annual deficit        EUR           -218,516.76


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.55

UK Pound

1

Rs.81.95

Euro

1

Rs.67.57

 

 

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.