MIRA INFORM REPORT

 

 

Report Date :

20.08.2012

 

IDENTIFICATION DETAILS

 

Name :

SEACOM TRAILER SYSTEMS GMBH

 

 

Registered Office :

Becksteiner Str. 100i Park Tauberfranken , Haus 2 D 97922 Lauda-Königshofen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

02.10.2007

 

 

Com. Reg. No.:

HRB 703854

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of motor vehicles and engines

 

 

No. of Employees :

8

 

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 and address

 

Seacom Trailer Systems GmbH

 

Company Status:      active

                     Becksteiner Str. 100i Park

                     Tauberfranken , Haus 2

                     D 97922 Lauda-Königshofen

                     Telephone:09343/61442-0

                     Telefax:  09343/61442-10

                     Homepage: www.seacom-trailer.com

                     E-mail:   info@seacom-trailer.com

 

 

VAT no.          

 

DE256634171

 

 

Registration data

 

LEGAL FORM               Private limited company

Date of foundation:         02.10.2007

Shareholders'

agreement:                    02.10.2007

Registered on:                13.02.2008

Commercial Register:     Local court 68159 Mannheim

under:                                       HRB 703854

 

 

Share capital                        

 

EUR             25,000.00

 

 

Shareholder

 

                     Planmarine GmbH

                     Panoramastr. 6

                     D 71296 Heimsheim

                     Legal form: Private limited company dormant

                     Share capital:     EUR             25,000.00

                     Share:             EUR             19,500.00

                     Registered on: 16.11.2007

                     Reg. data: 68159 Mannheim, HRB 703287

 

Shareholder:

                     Johann Dieter Maier

                     Hintermatt 8

                     D 77876 Kappelrodeck

                     born: 01.10.1963

                     Share:             EUR              5,500.00

 

Manager:

                     Johann Dieter Maier

                     Hintermatt 8

                     D 77876 Kappelrodeck

                     having sole power of representation

                     born: 01.10.1963

                     Profession: Businessman

 

 

COMPANY HISTORY

 

05.12.2007 - 13.02.2008  Seacom Trailer Systems GmbH

                         Böblinger Str. 29

                         D 71229 Leonberg

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

2910    Manufacture of motor vehicles and engines

4511    Sale of cars and light motor vehicles

45310   Wholesale trade in motor vehicle parts and accessories

4618    Agents involved in the sale of other goods

 

 

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              Becksteiner Str. 100i Park Tauberfranken ,

                     Haus 2

                     D 97922 Lauda-Königshofen

 

Land register documents were not available.

 

 

BANKERS

 

A bank connection is unknown.

 

 

FINANCIAL FIGURES

 

Profit:              2010               EUR            411,468.00

Ac/ts receivable:                       EUR            484,787.00

Liabilities:                            EUR          2,098,279.00

Employees:                                                      8

 

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 [%]:                 17.42

Liquidity ratio:                   0.34

Return on total capital [%]:      13.60

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                  2.59

Liquidity ratio:                   0.23

Return on total capital [%]:       8.24

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 14.20

Liquidity ratio:                   1.03

Return on total capital [%]:       1.86

 

Balance sheet ratios 02.10.2007 - 31.12.2007

Equity ratio [%]:                  8.83

Liquidity ratio:                   0.48

Return on total capital [%]:       0.36

 

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          3,253,993.80

 Fixed assets                           EUR          1,170,156.76

  Intangible assets                     EUR            458,700.00

   Other / unspecified intangible assetsEUR            458,700.00

  Tangible assets                       EUR             55,626.00

   Other / unspecified tangible assets  EUR             55,626.00

  Financial assets                      EUR            655,830.76

   Other / unspecified financial assets EUR            655,830.76

 Current assets                         EUR          2,080,823.04

  Stocks                                EUR            929,954.16

   Other / unspecified stocks           EUR            929,954.16

   Received advance payments for orders

   (depreciated on the assets side)     EUR           -349,786.00

  Accounts receivable                   EUR            484,786.93

   Other debtors and assets             EUR            484,786.93

  Liquid means                          EUR            666,081.95

 Remaining other assets                 EUR              3,014.00

  Accruals (assets)                     EUR              3,014.00

 

LIABILITIES                             EUR          3,253,993.80

 Shareholders' equity                   EUR            756,227.40

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Reserves                              EUR                555.00

   Retained earnings / revenue reserves EUR                555.00

  Balance sheet profit/loss (+/-)       EUR            730,672.40

   Profit / loss brought forward        EUR            319,204.68

   Annual surplus / annual deficit      EUR            411,467.72

 Provisions                             EUR            399,486.94

 Liabilities                            EUR          2,098,279.46

  Other liabilities                     EUR          2,098,279.46

   Unspecified other liabilities        EUR          2,098,279.46

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          3,380,623.53

 Fixed assets                           EUR          1,278,116.94

  Intangible assets                     EUR            527,183.00

   Other / unspecified intangible assetsEUR            527,183.00

  Tangible assets                       EUR             43,513.00

   Other / unspecified tangible assets  EUR             43,513.00

  Financial assets                      EUR            707,420.94

   Other / unspecified financial assets EUR            707,420.94

 Current assets                         EUR          2,097,336.59

  Stocks                                EUR          1,180,170.00

   Other / unspecified stocks           EUR          1,180,170.00

   Received advance payments for orders

   (depreciated on the assets side)     EUR            -91,374.00

  Accounts receivable                   EUR            511,640.30

   Other debtors and assets             EUR            511,640.30

  Liquid means                          EUR            405,526.29

 Remaining other assets                 EUR              5,170.00

  Accruals (assets)                     EUR              5,170.00

 

LIABILITIES                             EUR          3,380,623.53

 Shareholders' equity                   EUR            344,204.68

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Balance sheet profit/loss (+/-)       EUR            319,204.68

   Profit / loss brought forward        EUR             62,298.85

   Annual surplus / annual deficit      EUR            256,905.83

 Provisions                             EUR            409,945.48

 Liabilities                            EUR          2,626,473.37

  Other liabilities                     EUR          2,626,473.37

   Unspecified other liabilities        EUR          2,626,473.37

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.54

Euro

1

Rs.68.85

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.