MIRA INFORM REPORT

 

 

Report Date :

18.04.2012

 

IDENTIFICATION DETAILS

 

Name :

RED POINT DESIGN COMPANY LEDERWAREN GMBH

 

 

Registered Office :

Daimlerstr. 17 D 41564 Kaarst

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

12.12.1988

 

 

Com. Reg. No.:

HRB 12762

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of leather goods, luggage, giftware and advertising articles

 

 

No. of Employees :

6

 

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 :

2,500 EUR

Status :

Moderate

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 and address

 

Red Point Design Company Lederwaren GmbH

 

Company Status:      active

Daimlerstr. 17

D 41564 Kaarst

Telephone:02131/766249

Telefax:  02131/766251

Homepage: www.redpointnet.de

E-mail:   info@redpointnet.de

 

 

VAT no.         

 

DE113580085

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registartion data

 

 LEGAL FORM              Private limited company

 Date of foundation:        12.12.1988

 Shareholders'

 agreement:                   12.12.1988

 Registered on:              29.12.2003

 Commercial Register:    Local court 41460 Neuss

 under:                                      HRB 12762

 

 

Share capital                        

 

EUR             25,600.00

 

 

Shareholder

 

Christian Leiίring

Haydnweg 8

D 41352 Korschenbroich

born: 09.10.1949

Share:             EUR             25,600.00

 

Manager:

Christian Leiίring

Haydnweg 8

D 41352 Korschenbroich

having sole power of representation

born: 09.10.1949

Profession: Businessman

Marital status: married

 

 

Further functions/participations of Christian Leiίring

(Manager)

 

Proprietor:

Christian Leiίring

Haydnweg 8

D 41352 Korschenbroich

Legal form: Unregistered commercial

enterprise

 

 

COMPANY HISTORY

 

 14.02.1989 - 28.12.2003  Red Point Design Company Lederwaren GmbH

                          Martin-Bihn-Str. 10

                          D 63110 Rodgau

                          Private limited company

 29.12.2003 - 05.2008     Red Point Design Company Lederwaren GmbH

                          Bruchweg 126

                          D 41564 Kaarst

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

 Sectors

 46493   Wholesale of leather goods, luggage, giftware and advertising articles

 

 

 

FINANCIAL INFORMATION

 

 Payment experience:  within periods customary in this trade

 

 Negative information:We have no negative information at hand.

 

 Maximum credit:      2,500 EUR

 

 Balance sheet year:  2010

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Bruchweg 126

                      D 41564 Kaarst

 

 Real Estate of:      Christian Leiίring

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Haydnweg 8

                      D 41352 Korschenbroich

 

 Land register documents were not available.

 

 

BANKERS

 

 SPARKASSE NEUSS, NEUSS

 Sort. code: 30550000, BIC: WELADEDNXXX

 

 

FINANCIAL FIGURES

 

 Turnover:            2010               EUR          1,310,000.00

                      2011               EUR          1,300,000.00

 Profit:              2010               EUR            -46,408.00

 further business figures:

 Ac/ts receivable:                       EUR            225,067.00

 Liabillities:                           EUR            721,542.00

 Employees:                                                      6

 

 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 [%]:                 33.56

 Liquidity ratio:                   0.59

 Return on total capital [%]:      -7.88

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                -16.69

 Liquidity ratio:                   0.28

 Return on total capital [%]:       0.72

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                -16.92

 Liquidity ratio:                   0.31

 Return on total capital [%]:       1.82

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                -19.79

 Liquidity ratio:                   0.31

 Return on total capital [%]:       6.49

 

 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.

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR            724,541.56

  Fixed assets                           EUR              4,957.50

   Intangible assets                     EUR                  1.00

    Other / unspecified intangible assetsEUR                  1.00

   Tangible assets                       EUR              4,956.50

    Other / unspecified tangible assets  EUR              4,956.50

  Current assets                         EUR            577,593.33

   Stocks                                EUR            348,000.00

   Accounts receivable                   EUR            225,066.83

    Other debtors and assets             EUR            225,066.83

   Liquid means                          EUR              4,526.50

  Remaining other assets                 EUR            141,990.73

   Accruals (assets)                     EUR              6,591.88

   Deficit not covered by shareholders'

   equity                                EUR            135,398.85

 

 LIABILITIES                             EUR            724,541.56

  Shareholders' equity                   EUR                  0.00

   Capital                               EUR             25,564.59

    Subscribed capital (share capital)   EUR             25,564.59

   Balance sheet profit/loss (+/-)       EUR           -160,963.44

    Profit / loss brought forward        EUR           -114,555.46

    Annual surplus / annual deficit      EUR            -46,407.98

   Other shareholders' equity (+/-)      EUR            135,398.85

    Deficit not covered by shareholders'

    equity                               EUR            135,398.85

  Provisions                             EUR              3,000.00

  Liabilities                            EUR            721,541.56

   Other liabilities                     EUR            721,541.56

    Unspecified other liabilities        EUR            721,541.56

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR            622,157.35

  Fixed assets                           EUR              4,254.50

   Intangible assets                     EUR                  1.00

    Other / unspecified intangible assetsEUR                  1.00

   Tangible assets                       EUR              4,253.50

    Other / unspecified tangible assets  EUR              4,253.50

  Current assets                         EUR            506,926.42

   Stocks                                EUR            329,163.72

   Accounts receivable                   EUR            170,164.41

    Other debtors and assets             EUR            170,164.41

   Liquid means                          EUR              7,598.29

  Remaining other assets                 EUR            110,976.43

   Accruals (assets)                     EUR              6,797.34

   Deficit not covered by shareholders'

   equity                                EUR             88,990.87

   Other assets                          EUR             15,188.22

 

 LIABILITIES                             EUR            622,157.35

  Shareholders' equity                   EUR                  0.00

   Capital                               EUR             25,564.59

    Subscribed capital (share capital)   EUR             25,564.59

   Balance sheet profit/loss (+/-)       EUR           -114,555.46

    Profit / loss brought forward        EUR           -118,377.83

    Annual surplus / annual deficit      EUR              3,822.37

   Other shareholders' equity (+/-)      EUR             88,990.87

    Deficit not covered by shareholders'

    equity                               EUR             88,990.87

  Provisions                             EUR              3,000.00

  Liabilities                            EUR            619,157.35

   Other liabilities                     EUR            619,157.35

    Unspecified other liabilities        EUR            619,157.35

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.62

UK Pound

1

Rs.81.94

Euro

1

Rs.67.65

 

 

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.