MIRA INFORM REPORT

 

 

Report Date :

22.08.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

DR. KORNDER ANLAGEN- UND MESSTECHNIK GMBH &CO. KG

 

 

Registered Office :

Zum Biotop 15, D 50127 Bergheim

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

22.01.1999

 

 

Com. Reg. No.:

HRA 27450

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Manufacturer of instruments and appliances for measuring,  testing and navigation

 

 

No. of Employees :

20 employees

 

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 

 

Dr. Kornder Anlagen- und Messtechnik GmbH &Co. KG

 

 

Company address 

 

Zum Biotop 15

D 50127 Bergheim

Telephone:        02271/498680

Telefax:            02271/4986810

Homepage:       www.dr-kornder.de

E-mail:              info@dr-kordner.de

 

 

VAT no.

 

DE812680884

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

general partner

Date of foundation:       22.01.1999

Begin of business

activities:                      20.04.1999

Registered on:              20.01.2010

Register of

companies:                   Local court 50939 Köln

under:                                       HRA 27450

Total cap. contribution:   EUR             25,564.59

 

 

Limited partner

 

Dr. Erika Kornder

Heppendorfer Str. 39

D 50127 Bergheim

born: 11.08.1953

Share:             EUR             25,564.59

 

 

General partner

 

Dr. Kornder Anlagen- und Messtechnik

Verwaltungs GmbH

Zum Biotop 15

D 50127 Bergheim

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on: 12.01.2010

Reg. data: 50939 Köln, HRB 68154

 

 

Shareholder

 

Dr. Erika Kornder

Heppendorfer Str. 39

D 50127 Bergheim

born: 11.08.1953

Share:             EUR             25,000.00

 

 

Manager

 

Dr. Erika Kornder

Heppendorfer Str. 39

D 50127 Bergheim

having sole power of representation

born: 11.08.1953

Profession: Fully qualified chemist

Marital status: married

 

 

Proxy

 

Hans Friedrich Kornder

Heppendorfer Str. 39

D 50127 Bergheim

having sole power of representation

born: 25.11.1951

Profession: Businessman

Marital status: married

 

 

COMPANY HISTORY

 

 20.04.1999 - 20.01.2010  Dr. Kornder - Analysen- und Messtechnik

                          GmbH & Co. KG

                          Karl-Benz-Str. 1

                          D 40764 Langenfeld

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

·          26511   Manufacture of instruments and appliances for measuring,  testing and navigation

 

Secondary industrial sector

·         2611    Manufacture of electronic components

·         46431   Wholesale of photo and optical goods

·         46693   Wholesale of other equipment and accessories for  machinery and technical supplies

 

 

FINANCIAL INFORMATION

 

Payment experience:     cash discount/within agreed terms

 

Negative information:    We have no negative information at hand.

 

Balance sheet year:       2010

 

 

REAL ESTATE

 

Type of ownership:        Tenant

Address                        Zum Biotop 15

                                    D 50127 Bergheim

 

Real Estate of:              Dr. Kornder Anlagen- und Messtechnik

                                    Verwaltungs GmbH

Type of ownership:        Tenant

Address                        Zum Biotop 15

                                    D 50127 Bergheim

 

Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, LANGENFELD (RHEINLAND)

Sort. code: 30070010, BIC: DEUTDEDDXXX

 

 

FINANCIAL FIGURES

 

 Turnover:            2010               EUR          2,800,000.00

                      2011               EUR          2,850,000.00

 further business figures:

 Equipment:                              EUR            160,000.00

 Ac/ts receivable:                       EUR          1,755,324.00

 Liabilities:                            EUR          4,201,800.00

 Employees:                                                     20

 

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 [%]:                 53.07

 Liquidity ratio:                  10.00

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 59.08

 Liquidity ratio:                  10.00

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 37.63

 Liquidity ratio:                  10.00

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 36.39

 Liquidity ratio:                   5.02

 Return on total capital [%]:      32.18

 

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          5,177,575.68

  Fixed assets                           EUR            308,808.00

   Intangible assets                     EUR             27,112.00

    Other / unspecified intangible assetsEUR             27,112.00

   Tangible assets                       EUR            256,696.00

    Other / unspecified tangible assets  EUR            256,696.00

   Financial assets                      EUR             25,000.00

    Other / unspecified financial assets EUR             25,000.00

  Current assets                         EUR          4,859,023.51

   Stocks                                EUR            477,648.52

   Accounts receivable                   EUR          1,755,323.52

    Other debtors and assets             EUR          1,755,323.52

   Liquid means                          EUR          2,626,051.47

  Remaining other assets                 EUR              9,744.17

   Accruals (assets)                     EUR              9,744.17

 

 LIABILITIES                             EUR          5,177,575.68

  Shareholders' equity                   EUR             25,564.59

   Capital                               EUR             25,564.59

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR             25,564.59

  Items between shareholders' equity and

  debt capital                           EUR             25,000.00

   Balancing items for capitalised own

   shares in cos. acting as general

   partners                              EUR             25,000.00

  Provisions                             EUR            924,213.51

  Liabilities                            EUR          4,201,799.93

   Other liabilities                     EUR          4,201,799.93

    Unspecified other liabilities        EUR          4,201,799.93

  Other liabilities                      EUR                997.65

   Deferrals (liabilities)               EUR                997.65

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          3,736,861.47

  Fixed assets                           EUR            222,088.00

   Intangible assets                     EUR              6,173.00

   Tangible assets                       EUR            190,915.00

   Financial assets                      EUR             25,000.00

  Current assets                         EUR          3,512,000.96

   Stocks                                EUR            899,724.97

   Accounts receivable                   EUR            777,852.72

   Investments in current assets         EUR                  0.00

   Liquid means                          EUR          1,834,423.27

  Remaining other assets                 EUR              2,772.51

   Accruals (assets)                     EUR              2,772.51

 

 LIABILITIES                             EUR          3,736,861.47

  Shareholders' equity                   EUR             25,564.59

   Capital                               EUR             25,564.59

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR             25,564.59

  Items between shareholders' equity and

  debt capital                           EUR             25,000.00

   Balancing items for capitalised own

   shares in cos. acting as general

   partners                              EUR             25,000.00

  Provisions                             EUR          1,112,012.29

  Liabilities                            EUR          2,574,284.59


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.54

UK Pound

1

Rs.87.39

Euro

1

Rs.68.72

 

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.