MIRA INFORM REPORT

 

 

Report Date :

28.04.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

HUBER MÜHLE GMBH & CO. KG REIS- UND SCHÄLMÜHLE

 

 

Registered Office :

Industriestr. 4, D 68169 Mannheim

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1938

 

 

Com. Reg. No.:

HRA 2754

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Manufacture of grain mill products

 

 

No. of Employees :

12

 

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 :

Usually Correct 

 

 

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

 

Huber Mühle GmbH & Co. KG Reis- und Schälmühle

 

 

Company address

 

Industriestr. 4

D 68169 Mannheim

Telephone:        0621/322340

Telefax:             0621/3223450

Homepage:        www.hubermuehle-ma.de

E-mail:              info@hubermuehle-ma.de

 

 

VAT no

 

DE143765023

 

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as general partner

Date of foundation:         1938

Registered on:               10.11.1971

Register of

companies:                   Local court 68159 Mannheim

under:                                       HRA 2754

Total cap. contribution:   EUR            245,420.10

 

 

Limited partner

 

Dr. Monika Landerer

Maldegemstr. 18

D 68623 Lampertheim

Share:             EUR            245,420.10

 

 

General partner

 

HM-Verwaltungsgesellschaft mit beschränkter

Haftung

Pyramidenstr. 2

D 68169 Mannheim

Legal form: Private limited company

Share capital:     EUR             25,564.59

Registered on: 21.12.1971

Reg. data: 68159 Mannheim, HRB 1412

 

 

Shareholder

 

Dr. Monika Landerer

Maldegemstr. 18

D 68623 Lampertheim

Share:             EUR             25,564.59

 

 

Manager

 

Dipl.-Kfm. Dr. Kurt Landerer

Maldegemstr. 18

D 68623 Lampertheim

having sole power of representation

Profession: Businessman

Marital status: married

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

10610   Manufacture of grain mill products

46382   Wholesale of flour and grain products

 

 

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                        Industriestr. 4

                                    D 68169 Mannheim

 

Real Estate of:               HM-Verwaltungsgesellschaft mit beschränkter

                                    Haftung

Type of ownership:         Tenant

Address                        Industriestr. 4

                                    D 68169 Mannheim

 

Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, MANNHEIM

Sort. code: 67070010, BIC: DEUTDESMXXX

 

FÜRSTLICH CASTELLSCHE BANK, HEILBRONN, NECKAR

Sort. code: 79030001, BIC: FUCEDE77XXX

 

 

FINANCIAL FIGURES

 

Turnover:            2010               EUR          8,050,000.00

Ac/ts receivable:                       EUR          1,418,579.00

Liabillities:                           EUR          1,696,608.00

Total numbers of vehicles:                                      4

Employees:                                                     12

- thereof permanent staff:                                     11

- Part-time employees:                                          1

 

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 [%]:                 45.19

Liquidity ratio:                  10.00

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 45.53

Liquidity ratio:                  10.00

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 48.99

Liquidity ratio:                  10.00

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 10.00

Liquidity ratio:                  10.00

 

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. It is calculated in accordance with the methodology of Euler Hermes.

 

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2010 - 31.12.2010

 

ASSETS                                  EUR          3,103,863.99

 Fixed assets                           EUR            369,260.40

  Tangible assets                       EUR            369,260.40

   Other / unspecified tangible assets  EUR            369,260.40

 Current assets                         EUR          2,733,912.84

  Stocks                                EUR            816,068.00

  Accounts receivable                   EUR          1,418,579.28

   Other debtors and assets             EUR          1,418,579.28

  Liquid means                          EUR            499,265.56

 Remaining other assets                 EUR                690.75

  Accruals (assets)                     EUR                690.75

 

LIABILITIES                             EUR          3,103,863.99

 Shareholders' equity                   EUR            255,645.94

  Capital                               EUR            255,645.94

   Subscribed capital (share capital)   EUR            255,645.94

 Provisions                             EUR          1,151,609.15

 Liabilities                            EUR          1,696,608.90

  Other liabilities                     EUR          1,696,608.90

   Unspecified other liabilities        EUR          1,696,608.90

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          3,084,710.06

 Fixed assets                           EUR            204,790.87

  Intangible assets                     EUR                871.00

  Tangible assets                       EUR            203,919.87

 Current assets                         EUR          2,879,116.51

  Stocks                                EUR            937,542.00

  Accounts receivable                   EUR          1,124,785.43

  Investments in current assets         EUR            102,070.00

  Liquid means                          EUR            714,719.08

 Remaining other assets                 EUR                802.68

  Accruals (assets)                     EUR                802.68

 

LIABILITIES                             EUR          3,084,710.06

 Shareholders' equity                   EUR            255,645.94

  Capital                               EUR            255,645.94

 Provisions                             EUR          1,253,847.05

 Liabilities                            EUR          1,575,217.07

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.68

UK Pound

1

Rs.85.12

Euro

1

Rs.69.38

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.