MIRA INFORM REPORT

 

 

Report Date :

09.08.2012

 

IDENTIFICATION DETAILS

 

Name :

SPEDLOG PARBS GMBH

 

 

Registered Office :

Reepschlägerstr. 30-34, D 23556 Lübeck

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

07.05.2003

 

 

Com. Reg. No.:

HRB 5617 HL

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Forwarding agency

 

 

No. of Employees :

05

 

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 :

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

 

SpedLog Parbs GmbH

 

 

Company address

 

Reepschlägerstr. 30-34

D 23556 Lübeck

Telephone:        0451/2904310

Telefax:             0451/2904319

Homepage:        www.spedlogparbs.de

E-mail:              info@spedlogparbs.de

 

 

VAT no

 

DE227866459

 

 

Tax ID number

 

22 290 13832

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         07.05.2003

Shareholders'

agreement:                    07.05.2003

Registered on:               14.07.2003

Commercial Register:     Local court 23568 Lübeck

under:                                       HRB 5617 HL

Share capital:                 EUR             25,000.00

Shareholder

 

Gerhard Gerlach

Wieselweg 4

D 23623 Ahrensbök

born: 11.02.1954

Share:             EUR             12,500.00

 

Shareholder:

Hannelore Schaufelberger

Schulweg 1 b

D 23617 Stockelsdorf

Share:             EUR             12,500.00

 

 

Manager

 

Gerhard Gerlach

Wieselweg 4

D 23623 Ahrensbök

having sole power of representation

born: 11.02.1954

 

 

COMPANY HISTORY

 

 23.07.2003 - 29.08.2003  SPEDLOG Parbs GmbH

                          Am Güterbahnhof 10

                          D 23558 Lübeck

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

52291   Forwarding agency

 

 

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                        Reepschlägerstr. 30-34

                                    D 23556 Lübeck

 

Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, LÜBECK

Sort. code: 23070710, BIC: DEUTDEHH222

 

 

FINANCIAL FIGURES

 

 Turnover:            2010               EUR            675,000.00

                      2011               EUR            725,000.00

 further business figures:

 Equipment:                              EUR             50,000.00

 Ac/ts receivable:                       EUR            269,012.00

 Liabilities:                            EUR            320,917.00

 Employees:                                                      5

 

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 [%]:                 43.06

 Liquidity ratio:                  10.00

 Return on total capital [%]:      13.55

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 51.06

 Liquidity ratio:                   6.85

 Return on total capital [%]:       7.80

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 49.00

 Liquidity ratio:                  10.00

 Return on total capital [%]:      14.00

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 30.10

 Liquidity ratio:                   8.24

 Return on total capital [%]:      12.24

 

 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            696,609.48

  Fixed assets                           EUR             65,303.50

   Intangible assets                     EUR                  1.00

    Other / unspecified intangible assetsEUR                  1.00

   Tangible assets                       EUR             65,302.50

    Other / unspecified tangible assets  EUR             65,302.50

  Current assets                         EUR            623,593.97

   Accounts receivable                   EUR            269,012.14

    Other debtors and assets             EUR            269,012.14

   Liquid means                          EUR            354,581.83

  Remaining other assets                 EUR              7,712.01

   Accruals (assets)                     EUR              7,712.01

 

 LIABILITIES                             EUR            696,609.48

  Shareholders' equity                   EUR            299,981.11

   Capital                               EUR             25,000.00

    Subscribed capital (share capital)   EUR             25,000.00

   Reserves                              EUR            150,000.00

    Retained earnings / revenue reserves EUR            150,000.00

   Balance sheet profit/loss (+/-)       EUR            124,981.11

    Profit / loss brought forward        EUR                981.11

    Balance sheet profit / loss          EUR            124,000.00

  Provisions                             EUR             75,710.65

  Liabilities                            EUR            320,917.72

   Other liabilities                     EUR            320,917.72

    Unspecified other liabilities        EUR            320,917.72

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR            402,634.59

  Fixed assets                           EUR             79,271.50

   Intangible assets                     EUR                  1.00

    Other / unspecified intangible assetsEUR                  1.00

   Tangible assets                       EUR             79,270.50

    Other / unspecified tangible assets  EUR             79,270.50

  Current assets                         EUR            320,516.92

   Accounts receivable                   EUR            199,081.92

    Other debtors and assets             EUR            199,081.92

   Liquid means                          EUR            121,435.00

  Remaining other assets                 EUR              2,846.17

   Accruals (assets)                     EUR              2,846.17

 

 LIABILITIES                             EUR            402,634.59

  Shareholders' equity                   EUR            205,597.87

   Capital                               EUR             25,000.00

    Subscribed capital (share capital)   EUR             25,000.00

   Reserves                              EUR            150,000.00

    Retained earnings / revenue reserves EUR            150,000.00

   Balance sheet profit/loss (+/-)       EUR             30,597.87

    Profit / loss brought forward        EUR                597.87

    Balance sheet profit / loss          EUR             30,000.00

  Provisions                             EUR             46,550.06

  Liabilities                            EUR            150,486.66

   Other liabilities                     EUR            150,486.66

    Unspecified other liabilities        EUR            150,486.66

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.15

UK Pound

1

Rs.86.00

Euro

1

Rs.68.31

 

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.