MIRA INFORM REPORT

 

 

Report Date :           

21.04.2012

 

IDENTIFICATION DETAILS

 

Name :

DELATRADE HANDELSGESELLSCHAFT MBH

 

 

Registered Office :

Esplanade 6, D 20354 Hamburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

28.05.1991

 

 

Com. Reg. No.:

HRB 47628

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of non-ferrous ores, metals and metal semi-finished goods

 

 

No. of Employees :

04

 

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

 

DELATRADE Handelsgesellschaft mbH

 

 

Company address

 

Esplanade 6

D 20354 Hamburg

Telephone:        040/345194

Telefax:             040/342359

E-mail:              info@delatrade.de

 

 

VAT no

 

DE118541161

 

 

synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         28.05.1991

Shareholders'

agreement:                    28.05.1991

Registered on:               03.07.1991

Commercial Register:     Local court 20355 Hamburg

under:                           HRB 47628

Share capital:                 EUR            127,822.97

 

 

Shareholder

 

Peter Schirrmann

Schemmannstr. 12b

D 22359 Hamburg

born: 21.08.1940

Share:             EUR            127,822.97

Manager

 

Peter Schirrmann

Schemmannstr. 12b

D 22359 Hamburg

having sole power of representation

born: 21.08.1940

Profession: Businessman

Marital status: married

 

Further functions/participations of Peter Schirrmann (Manager)

 

Shareholder:

VALENOX Rohstoffe GmbH

Hanauer Landstr. 146

D 60314 Frankfurt

Legal form: Private limited company

insolvent

Share capital:     EUR             25,000.00

Share:             EUR             12,500.00

Registered

on:         01.10.2004

Reg. data:  60313 Frankfurt, HRB 73530

 

 

COMPANY HISTORY

 

1991 - 1991      DEGUTRADE Handelsgesellschaft mbH

                         Esplanade 6

                         D 20354 Hamburg

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

46722   Wholesale of non-ferrous ores, metals and metal semi-finished goods

46750   Wholesale of chemical products

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

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                        Esplanade 6

                                    D 20354 Hamburg

 

Land register documents were not available.

 

 

BANKERS

 

UNICREDIT BANK - HYPOVEREINSBANK, HAMBURG

Sort. code: 20030000, BIC: HYVEDEMM300

 

 

FINANCIAL FIGURES

 

Turnover:            2010               EUR         22,483,000.00

                     2011               EUR         18,000,000.00

Profit:              2010               EUR          3,536,595.00

further business figures:

Equipment:                              EUR             24,277.00

Ac/ts receivable:                       EUR          2,272,414.00

Liabillities:                           EUR            957,914.00

Total numbers of vehicles:                                      1

- Passenger cars:                                               1

Employees:                                                      4

- thereof permanent staff:                                      4

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 62.81

Liquidity ratio:                  10.00

Return on total capital [%]:      46.75

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 41.03

Liquidity ratio:                   2.37

Return on total capital [%]:       4.22

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 23.32

Liquidity ratio:                   1.41

Return on total capital [%]:      -9.20

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 44.70

Liquidity ratio:                   2.77

Return on total capital [%]:       6.98

 

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          7,887,146.36

 Fixed assets                           EUR             24,277.00

  Tangible assets                       EUR             24,277.00

   Other tangible assets / fixtures and

   fittings                             EUR             24,277.00

 Current assets                         EUR          7,807,151.66

  Stocks                                EUR            613,248.20

  Accounts receivable                   EUR          2,272,413.69

   Other debtors and assets             EUR          2,272,413.69

  Liquid means                          EUR          4,921,489.77

 Remaining other assets                 EUR             55,717.70

  Accruals (assets)                     EUR             20,469.70

  Deferred taxes (assets)               EUR             35,248.00

 

LIABILITIES                             EUR          7,887,146.36

 Shareholders' equity                   EUR          4,996,378.00

  Capital                               EUR            127,822.97

   Subscribed capital (share capital)   EUR            127,822.97

  Balance sheet profit/loss (+/-)       EUR          4,868,555.03

   Profit / loss brought forward        EUR          1,331,960.07

   Annual surplus / annual deficit      EUR          3,536,594.96

 Provisions                             EUR          1,926,777.62

 Liabilities                            EUR            957,913.99

  Financial debts                       EUR                  0.24

   Liabilities due to banks             EUR                  0.24

  Other liabilities                     EUR            957,913.75

   Unspecified other liabilities        EUR            957,913.75

 Other liabilities                      EUR              6,076.75

  Deferrals (liabilities)               EUR              6,076.75

 

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

Code (HGB)

 Gross result (+/-)                     EUR          7,455,317.59

 Staff expenses                         EUR            452,222.15

  Wages and salaries                    EUR            414,644.51

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR             37,577.64

 Total depreciation                     EUR             10,182.15

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR             10,182.15

 Other operating expenses               EUR          1,934,543.54

 Operating result from continuing

 operations                             EUR          5,058,369.75

 Interest result (+/-)                  EUR             96,352.01

  Interest and similar income           EUR            126,540.70

  Interest and similar expenses         EUR             30,188.69

 Financial result (+/-)                 EUR             96,352.01

 Result from ordinary operations (+/-)  EUR          5,154,721.76

 Extraordinary expenses                 EUR             97,888.93

 Extraordinary result (+/-)             EUR            -97,888.93

 Income tax / refund of income tax (+/-)EUR         -1,519,693.87

 Other taxes / refund of taxes          EUR               -544.00

 Tax (+/-)                              EUR         -1,520,237.87

 Annual surplus / annual deficit        EUR          3,536,594.96

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          3,495,594.58

 Fixed assets                           EUR             28,436.00

  Tangible assets                       EUR             28,436.00

   Other tangible assets / fixtures and

   fittings                             EUR             28,436.00

 Current assets                         EUR          3,446,252.88

  Stocks                                EUR            537,328.63

  Accounts receivable                   EUR          2,595,764.19

   Other debtors and assets             EUR          2,595,764.19

  Liquid means                          EUR            313,160.06

 Remaining other assets                 EUR             20,905.70

  Accruals (assets)                     EUR             20,905.70

 

LIABILITIES                             EUR          3,495,594.58

 Shareholders' equity                   EUR          1,459,783.04

  Capital                               EUR            127,822.97

   Subscribed capital (share capital)   EUR            127,822.97

  Balance sheet profit/loss (+/-)       EUR          1,331,960.07

   Profit / loss brought forward        EUR          1,186,201.28

   Annual surplus / annual deficit      EUR            145,758.79

 Provisions                             EUR            611,587.99

 Liabilities                            EUR          1,388,300.45

  Financial debts                       EUR            167,406.99

   Liabilities due to banks             EUR            167,406.99

  Other liabilities                     EUR          1,220,893.46

   Unspecified other liabilities        EUR          1,220,893.46

 Other liabilities                      EUR             35,923.10

  Deferrals (liabilities)               EUR             35,923.10

 

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

Code (HGB)

 Gross result (+/-)                     EUR          4,025,378.84

 Staff expenses                         EUR            340,012.24

  Wages and salaries                    EUR            312,091.70

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR             27,920.54

 Total depreciation                     EUR             10,770.71

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR             10,770.71

 Other operating expenses               EUR          3,579,724.14

 Operating result from continuing

 operations                             EUR             94,871.75

 Interest result (+/-)                  EUR             51,429.91

  Interest and similar income           EUR            190,442.18

  Interest and similar expenses         EUR            139,012.27

 Financial result (+/-)                 EUR             51,429.91

 Result from ordinary operations (+/-)  EUR            146,301.66

 Income tax / refund of income tax (+/-)EUR                  1.13

 Other taxes / refund of taxes          EUR               -544.00

 Tax (+/-)                              EUR               -542.87

 Annual surplus / annual deficit        EUR            145,758.79

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.99

UK Pound

1

Rs.83.54

Euro

1

Rs.63.40

 

 

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.