MIRA INFORM REPORT

 

 

Report Date :

10.08.2012

 

IDENTIFICATION DETAILS

 

Name :

WODA GMBH & CO. KG

 

 

Registered Office :

Mainzer Landstr. 47, D 60329 Frankfurt

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

18.03.2009

 

 

Com. Reg. No.:

HRA 46383

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

                                       

Line of Business :

Manufacturer of other textiles

 

 

No. of Employees :

Not Available 

 

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 :

Unknown

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 & address 

 

WODA GmbH & Co. KG

Mainzer Landstr. 47

D 60329 Frankfurt

Telephone:06341/5575941

 

Company status            : Active

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

general partner

Date of foundation:         18.03.2009

Registered on:               07.06.2011

Register ofcompanies:   Local court 60313 Frankfurt

under:                            HRA 46383

Total cap. contribution:   EUR              1,050.00

 

 

Limited partner

 

Wieslaw Wyrwa

PL  Gorzow Wlkp.

born: 07.08.1964

Share:             EUR              1,050.00

 

 

General partner

 

WODA Verwaltungs-GmbH

Mainzer Landstr. 47

D 60329 Frankfurt

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on: 01.06.2011

Reg. data: 60313 Frankfurt, HRB 91131

 

Shareholder

 

Wieslaw Wyrwa

PL  Gorzow Wlkp.

born: 07.08.1964

Share:             EUR             25,000.00

 

 

Manager

 

Joanna Hamara

CDN  Oakville L6M 1B4

having sole power of representation

born: 14.09.1971

Nationality: Canadian

 

 

COMPANY HISTORY

 

 07.06.2011 - 2012        WODA GmbH & Co. KG

                          Mönchstr. 12

                          D 76835 Burrweiler

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

 13990   Manufacture of other textiles n.e.c.

47710   Retail sale of clothing

 

Secondary industrial sector

 28990   Manufacture of other special-purpose machinery n.e.c.

41201   Construction of residential and non-residential buildings (except prefabricated constructions)

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

Negative information:      We have no negative information at hand.

 Balance sheet year:      2010

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Mainzer Landstr. 47

                                    D 60329 Frankfurt

 

 Real Estate of:              WODA Verwaltungs-GmbH

 Type of ownership:        Tenant

 Address                        Mainzer Landstr. 47

                                    D 60329 Frankfurt

 

Land register documents were not available.

 

 

BANKERS

 

A bank connection is unknown.

 

 

 

FINANCIAL FIGURES

 

 Ac/ts receivable:                       EUR            147,239.00

 Liabilities:                            EUR          1,925,588.00

 The number of employees is not known.

 

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 [%]:                  5.91

 Liquidity ratio:                   0.09

 

 Balance sheet ratios 18.03.2009 - 31.12.2009

 Equity ratio [%]:                 16.64

 Liquidity ratio:                   0.05

 

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.

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR          1,930,788.17

  Fixed assets                           EUR                572.00

   Tangible assets                       EUR                572.00

  Current assets                         EUR          1,771,648.10

   Stocks                                EUR          1,543,135.43

   Accounts receivable                   EUR            147,239.50

   Liquid means                          EUR             81,273.17

  Remaining other assets                 EUR            158,568.07

   Accruals (assets)                     EUR                301.79

   Deficit not covered by shareholders'

   equity                                EUR            158,266.28

 

 LIABILITIES                             EUR          1,930,788.17

  Provisions                             EUR              5,200.00

  Liabilities                            EUR          1,925,588.17

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      18.03.2009 - 31.12.2009

 

 ASSETS                                  EUR          1,869,551.02

  Fixed assets                           EUR                764.00

   Tangible assets                       EUR                764.00

  Current assets                         EUR          1,758,955.84

   Stocks                                EUR          1,428,507.09

   Accounts receivable                   EUR             63,791.19

   Liquid means                          EUR            266,657.56

  Remaining other assets                 EUR            109,831.18

   Accruals (assets)                     EUR                 99.84

   Deficit not covered by shareholders'

   equity                                EUR            109,731.34

 

 LIABILITIES                             EUR          1,869,551.02

  Provisions                             EUR              2,600.00

  Liabilities                            EUR          1,866,951.02

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.17

UK Pound

1

Rs.86.43

Euro

1

Rs.68.27

 

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.