MIRA INFORM REPORT

 

 

Report Date :           

16.04.2012

 

IDENTIFICATION DETAILS

 

Name :

WILHELM JOHANN MEIER GMBH

 

 

Registered Office :

Otto-Scheugenpflug-Str. 4, D 63073 Offenbach

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1965

 

 

Com. Reg. No.:

HRB 4142

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Processing of leather (except manufacture of leather  apparel)

 

 

No. of Employees :

07

 

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 :

20,000 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 – 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 & address 

 

Wilhelm Johann Meier GmbH

 

 

Company address

 

Otto-Scheugenpflug-Str. 4

D 63073 Offenbach

Telephone:        069/894097

Telefax:             069/897017

Homepage:        www.give-me-my-funbag.de

E-mail:              info@give-me-my-funbag.de

 

 

VAT no           

 

DE811312354

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         1965

Shareholders'

agreement:                    03.02.1978

Registered on:               22.04.1978

Commercial Register:     Local court 63065 Offenbach

under:                                       HRB 4142

Share capital:                 EUR             26,000.00

 

Shareholder

 

Wilhelm-Johann Meier

Bremer Str. 26

D 63073 Offenbach

born: 1938

Share:             EUR             26,000.00

 

 

Manager

 

Thorsten Meier

D 63067 Offenbach

authorized to jointly represent the company

born: 06.03.1969

 

Manager:

Sven Meier

D 63067 Offenbach

authorized to jointly represent the company

born: 27.10.1973

 

 

COMPANY HISTORY

 

 22.04.1978 - 28.07.1993  Meier Verwaltungsgesellschaft mbH

                          Obermühlstr. 8

                          D 63073 Offenbach

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

15120   Processing of leather (except manufacture of leather  apparel)

4642    Wholesale of clothing and footwear

6832    Management of real estate on a fee or contract basis

 

 

 

 FINANCIAL INFORMATION

 

 Payment experience:    within periods customary in this trade

 

 Negative information:     We have no negative information at hand.

 

 Maximum credit:           20,000 EUR

 

Balance sheet year:       2010

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Otto-Scheugenpflug-Str. 4

                                    D 63073 Offenbach

 

Land register documents were not available.

 

 

BANKERS

 

RAIFFEISENBANK OFFENBACH/M.-BIEBER, OFFENBACH AM MAIN

Sort. code: 50560102, BIC: GENODE51OF2

 

 

FINANCIAL FIGURES

 

 Turnover:            2010               EUR          1,500,000.00

                      2011               EUR          1,500,000.00

 Profit:              2010               EUR              1,507.00

 further business figures:

 Equipment:                              EUR             59,500.00

 Ac/ts receivable:                       EUR            723,334.00

 Liabillities:                           EUR            874,027.00

 Employees:                                                      7

 - thereof permanent staff:                                      7

 

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 [%]:                 10.05

 Liquidity ratio:                   0.87

 Return on total capital [%]:       0.14

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 12.74

 Liquidity ratio:                   0.92

 Return on total capital [%]:       1.45

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                  8.00

 Liquidity ratio:                   0.86

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 12.16

 Liquidity ratio:                   0.67

 Return on total capital [%]:       3.11

 

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          1,055,917.01

  Fixed assets                           EUR             36,054.84

   Tangible assets                       EUR             36,054.84

    Other / unspecified tangible assets  EUR             36,054.84

  Current assets                         EUR          1,019,862.17

   Stocks                                EUR            251,777.55

   Accounts receivable                   EUR            723,334.74

    Other debtors and assets             EUR            723,334.74

   Liquid means                          EUR             44,749.88

 

 LIABILITIES                             EUR          1,055,917.01

  Shareholders' equity                   EUR            106,082.07

   Capital                               EUR             25,564.59

    Subscribed capital (share capital)   EUR             25,564.59

   Balance sheet profit/loss (+/-)       EUR             80,517.48

    Profit / loss brought forward        EUR             79,009.90

    Annual surplus / annual deficit      EUR              1,507.58

  Provisions                             EUR             75,807.90

  Liabilities                            EUR            874,027.04

   Other liabilities                     EUR            874,027.04

    Unspecified other liabilities        EUR            874,027.04

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR            821,117.18

  Fixed assets                           EUR             28,293.59

   Tangible assets                       EUR             28,293.59

  Current assets                         EUR            792,823.59

   Stocks                                EUR            203,955.48

   Accounts receivable                   EUR            547,892.16

   Liquid means                          EUR             40,975.95

 

 LIABILITIES                             EUR            821,117.18

  Shareholders' equity                   EUR            104,574.49

   Capital                               EUR             25,564.59

    Subscribed capital (share capital)   EUR             25,564.59

   Balance sheet profit/loss (+/-)       EUR             79,009.90

    Profit / loss brought forward        EUR             67,110.25

    Annual surplus / annual deficit      EUR             11,899.65

  Provisions                             EUR             79,304.49

  Liabilities                            EUR            637,238.20

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.42

UK Pound

1

Rs.81.93

Euro

1

Rs.67.67

 

 

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.