MIRA INFORM REPORT

 

 

Report Date :           

20.04.2012

 

IDENTIFICATION DETAILS

 

Name :

Honig Mehler GmbH & Co. KG

 

 

Registered Office :

Hauptstr. 4a, D 54552 Neichen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.01.1960

 

 

Com. Reg. No.:

HRA 40295

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Wholesale of food

 

 

No. of Employees :

13

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 

 

Honig Mehler GmbH & Co. KG

 

 

Company address

 

Hauptstr. 4a

D 54552 Neichen

Telephone:        02692/92050

Telefax:             02692/920550

Homepage:        www.honigmehler.de

E-mail:              info@honigmehler.de

 

 

VAT no

 

DE259127711

 

 

Tax ID number

 

13/200/1970/5

 

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

                                    general partner

Date of foundation:         01.01.1960

Registered on:               21.05.2008

Register of

companies:                   Local court 54516 Wittlich

under:                           HRA 40295

Total cap. contribution:   EUR             12,500.00

 

 

Limited partner

 

Michael Mehler

Wirichstr. 20

D 54550 Daun

born: 18.02.1961

Share:             EUR             12,500.00

General partner

 

Honig Mehler Verwaltungs-GmbH

Hauptstr. 4a

D 54552 Neichen

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on: 16.05.2008

Reg. data: 54516 Wittlich, HRB 40682

 

 

Shareholder

 

Michael Mehler

Wirichstr. 20

D 54550 Daun

born: 18.02.1961

Share:             EUR             25,000.00

 

 

Manager

 

Michael Mehler

Wirichstr. 20

D 54550 Daun

having sole power of representation

born: 18.02.1961

Profession: Bee-keeper

Marital status: single

 

 

COMPANY HISTORY

 

01.01.1960 - 31.12.1990  Rudi Mehler

                         Höhenstr. 8

                         D 54570 Wallenborn

                         Unregistered commercial enterprise

01.01.1991 - 13.07.1995  Michael Mehler

                         Neue Str. 3

                         D 54570 Wallenborn

                         Unregistered commercial enterprise

14.07.1995 - 30.04.2008  Honig Mehler, Inhaber Michael Mehler

                         Hauptstr. 4a

                         D 54552 Neichen

                         Sole proprietorship

01.05.2008 - 01.05.2008  Honig Mehler GmbH & Co. KG

                         Hauptstr. 4a

                         D 54552 Neichen

                         Ltd partnership with priv. ltd. company

                         as general partner

 

 

BUSINESS ACTIVITIES

 

Sectors

46389   Wholesale of food n.e.c.

47290   Other retail sale of food

 

 

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                                    Hauptstr. 4a

                                    D 54552 Neichen

 

Real Estate of:               Honig Mehler Verwaltungs-GmbH

Type of ownership:         Tenant

Address                        Hauptstr. 4a

                                    D 54552 Neichen

 

Land register documents were not available.

 

 

BANKERS

 

KREISSPARKASSE VULKANEIFEL, DAUN

Sort. code: 58651240, BIC: MALADE51DAU

 

VOLKSBANK RHEINAHREIFEL, DAUN

Sort. code: 57761591, BIC: GENODED1BNA

 

BANQUE GENERALE DU LUXEMBOURG S.A., LUXEMBOURG

BIC: BGLLLULLXXX

 

FINANCIAL FIGURES

 

Turnover:            2010               EUR          3,380,000.00

                     2011               EUR          4,000,000.00

further business figures:

Equipment:                              EUR            117,000.00

Ac/ts receivable:                       EUR            819,971.00

Liabillities:                           EUR          3,397,300.00

Employees:                                                     13

 

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 [%]:                 13.58

Liquidity ratio:                   0.24

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 28.57

Liquidity ratio:                   0.60

 

Balance sheet ratios 01.05.2008 - 31.12.2008

Equity ratio [%]:                  6.09

Liquidity ratio:                   0.15

 

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.

 

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          4,097,114.32

 Fixed assets                           EUR            396,481.46

  Intangible assets                     EUR             21,526.00

   Other / unspecified intangible assetsEUR             21,526.00

  Tangible assets                       EUR             43,800.01

   Other / unspecified tangible assets  EUR             43,800.01

  Financial assets                      EUR            331,155.45

   Other / unspecified financial assets EUR            331,155.45

 Current assets                         EUR          3,699,132.86

  Stocks                                EUR          2,865,426.25

  Accounts receivable                   EUR            819,971.27

   Other debtors and assets             EUR            819,971.27

  Liquid means                          EUR             13,735.34

 Remaining other assets                 EUR              1,500.00

  Accruals (assets)                     EUR              1,500.00

 

LIABILITIES                             EUR          4,097,114.32

 Shareholders' equity                   EUR            565,825.74

  Capital                               EUR            340,761.77

   Limited partner's capital / capital

   of partially liable partner (LP)     EUR            340,761.77

  Balance sheet profit/loss (+/-)       EUR            225,063.97

 Provisions                             EUR            120,209.00

 Liabilities                            EUR          3,397,299.58

  Other liabilities                     EUR          3,397,299.58

   Unspecified other liabilities        EUR          3,397,299.58

 Other liabilities                      EUR             13,780.00

  Deferrals (liabilities)               EUR             13,780.00

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          1,781,013.45

 Fixed assets                           EUR             36,467.51

  Tangible assets                       EUR             36,467.51

   Other / unspecified tangible assets  EUR             36,467.51

 Current assets                         EUR          1,743,045.94

  Stocks                                EUR          1,008,751.62

  Accounts receivable                   EUR            632,261.63

   Other debtors and assets             EUR            632,261.63

  Liquid means                          EUR            102,032.69

 Remaining other assets                 EUR              1,500.00

  Accruals (assets)                     EUR              1,500.00

 

LIABILITIES                             EUR          1,781,013.45

 Shareholders' equity                   EUR            508,889.98

  Capital                               EUR            -13,333.54

   Capital of the fully liable partner

   (LP, general partnership)            EUR           -107,545.11

    Capital contribution of gen.

    partner/accounts of the pers. liable

    shareholder                         EUR           -107,545.11

   Limited partner's capital / capital

   of partially liable partner (LP)     EUR             94,211.57

  Balance sheet profit/loss (+/-)       EUR            522,223.52

 Provisions                             EUR             93,316.00

 Liabilities                            EUR          1,164,627.47

  Other liabilities                     EUR          1,164,627.47

   Unspecified other liabilities        EUR          1,164,627.47

 Other liabilities                      EUR             14,180.00

  Deferrals (liabilities)               EUR             14,180.00

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.89

UK Pound

1

Rs.83.18

Euro

1

Rs.68.06

 

 

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.