MIRA INFORM REPORT

 

 

Report Date :

22.08.2012

 

IDENTIFICATION DETAILS

 

Name :

POLY-BEEK-KUNSTSTOFFE GMBH

 

 

Registered Office :

Schmiedestr. 34 D 26629 Großefehn

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

07.10.1991

 

 

Com. Reg. No.:

HRB 661

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of plastics in primary forms

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Dissolved

Payment Behaviour :

Unknown

Litigation :

--

 

 

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

 

 Poly-Beek-Kunststoffe GmbH

 

 Company Status:      dissolved                  since: 08.09.2011

                      Schmiedestr. 34

                      D 26629 Großefehn

 

 

CONCLUSION

 

 We cannot give an opinion as to the granting of a credit in this

 particular case. Business relations on credit basis are not

 permissible.

 

 

Registartion data

 

 LEGAL FORM              Private limited company

 Date of foundation:      07.10.1991

 Begin of business

 activities:                                 07.10.1991

 Shareholders'

 agreement:                   07.10.1991

 Registered on:             28.10.1991

 Commercial Register:   Local court 26603 Aurich

 under:                          HRB 661

 

 

Share capital                     

 

EUR             51,129.19

 

 

COMPANY HISTORY

 

 28.10.1991 - 02.08.2002  Poly - Beek - Kunststoff -Handels - GmbH

                          Schmiedestr. 34

                          D 26629 Großefehn

                          Private limited company

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 02.08.2011 - 08.09.2011  Manager

                          Manfred Feith

                          D 26427 Stedesdorf

 16.06.1999 - 08.09.2011  Manager

                          Hartmut Schoon

                          D 26629 Großefehn

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 20160   Manufacture of plastics in primary forms

46743   Wholes of metal and plastic goods for construction purposes

 

 

FINANCIAL INFORMATION

 

Payment experience:  could not be obtained

 

 Negative information:We have no negative information at hand.

 

 Balance sheet year:  2009

 

 

REAL ESTATE

 

 Type of ownership:   unknown

 Address              Schmiedestr. 34

                      D 26629 Großefehn

 

 Land register documents were not available.

 

BANKERS

 

 No bank connection is maintained.

 

FINANCIAL FIGURES

 

 No full-time employees are employed.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                -34.49

 Liquidity ratio:                   0.13

 Return on total capital [%]:      -0.06

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                -16.88

 Liquidity ratio:                   0.17

 Return on total capital [%]:      -0.32

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                -11.90

 Liquidity ratio:                   0.26

 Return on total capital [%]:     -24.30

 

 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:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          9,341,671.86

  Fixed assets                           EUR          1,873,115.87

   Intangible assets                     EUR                747.00

    Other / unspecified intangible assetsEUR                747.00

   Tangible assets                       EUR          1,297,877.18

    Land / similar rights                EUR            989,974.18

    Plant / machinery                    EUR             75,960.00

    Other tangible assets / fixtures and

    fittings                             EUR            231,943.00

   Financial assets                      EUR            574,491.69

    Shares in participations /

    subsidiaries and the like            EUR              1,773.00

     Shares in related companies         EUR              1,773.00

    Loans to participations /

    subsidiaries and the like            EUR            557,571.00

     Loans to related companies          EUR            557,571.00

    Other / unspecified financial assets EUR             15,147.69

  Current assets                         EUR          5,825,991.39

   Stocks                                EUR          3,707,236.41

   Accounts receivable                   EUR          2,114,112.89

    Amounts due from related companies   EUR          1,123,901.19

    Other debtors and assets             EUR            990,211.70

   Liquid means                          EUR              4,642.09

  Remaining other assets                 EUR          1,642,564.60

   Accruals (assets)                     EUR             18,846.15

   Deficit not covered by shareholders'

   equity                                EUR          1,623,718.45

 

 LIABILITIES                             EUR          9,341,671.86

  Shareholders' equity                   EUR                  0.00

   Capital                               EUR             51,129.19

    Subscribed capital (share capital)   EUR             51,129.19

   Balance sheet profit/loss (+/-)       EUR         -1,674,847.64

    Balance sheet profit / loss          EUR         -1,674,847.64

   Other shareholders' equity (+/-)      EUR          1,623,718.45

    Deficit not covered by shareholders'

    equity                               EUR          1,623,718.45

  Provisions                             EUR             46,695.69

  Liabilities                            EUR          9,294,976.17

   Financial debts                       EUR          4,113,075.23

    Liabilities due to banks             EUR          4,113,075.23

   Other liabilities                     EUR          5,181,900.94

    Liabililties due to related companiesEUR          3,149,606.91

    Unspecified other liabilities        EUR          2,032,294.03

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR          4,812,485.00

  Staff expenses                         EUR            849,071.95

   Wages and salaries                    EUR            714,638.57

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            134,433.38

  Total depreciation                     EUR            118,562.20

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            118,562.20

  Other operating expenses               EUR          1,987,715.60

  Operating result from continuing

  operations                             EUR          1,857,135.25

  Interest result (+/-)                  EUR           -629,472.66

   Interest and similar income           EUR              6,860.67

   Interest and similar expenses         EUR            636,333.33

    thereof paid to related companies    EUR            164,113.12

  Other financial result                 EUR         -1,226,812.86

   Income from securities and loans from

   financial assets                      EUR            120,112.67

    thereof related companies            EUR            120,112.67

   Depreciation on financial assets and

   marketable securities                 EUR          1,346,925.53

  Financial result (+/-)                 EUR         -1,856,285.52

  Result from ordinary operations (+/-)  EUR                849.73

  Income tax / refund of income tax (+/-)EUR              1,608.79

  Other taxes / refund of taxes          EUR             -6,765.43

  Tax (+/-)                              EUR             -5,156.64

  Annual surplus / annual deficit        EUR             -4,306.91

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR         13,159,874.43

  Fixed assets                           EUR          3,260,538.80

   Intangible assets                     EUR              1,532.00

    Other / unspecified intangible assetsEUR              1,532.00

   Tangible assets                       EUR          1,389,177.18

    Land / similar rights                EUR          1,040,814.18

    Plant / machinery                    EUR             82,730.00

    Other tangible assets / fixtures and

    fittings                             EUR            265,633.00

   Financial assets                      EUR          1,869,829.62

    Shares in participations /

    subsidiaries and the like            EUR              1,773.00

     Shares in related companies         EUR              1,773.00

    Loans to participations /

    subsidiaries and the like            EUR          1,850,666.68

     Loans to related companies          EUR          1,850,666.68

    Other / unspecified financial assets EUR             17,389.94

  Current assets                         EUR          8,253,033.27

   Stocks                                EUR          5,678,146.71

   Accounts receivable                   EUR          2,545,349.37

    Amounts due from related companies   EUR            871,528.08

    Other debtors and assets             EUR          1,673,821.29

   Liquid means                          EUR             29,537.19

  Remaining other assets                 EUR          1,646,302.36

   Accruals (assets)                     EUR             26,890.82

   Deficit not covered by shareholders'

   equity                                EUR          1,619,411.54

 

 LIABILITIES                             EUR         13,159,874.43

  Shareholders' equity                   EUR                  0.00

   Capital                               EUR             51,129.19

    Subscribed capital (share capital)   EUR             51,129.19

   Balance sheet profit/loss (+/-)       EUR         -1,670,540.73

    Balance sheet profit / loss          EUR         -1,670,540.73

   Other shareholders' equity (+/-)      EUR          1,619,411.54

    Deficit not covered by shareholders'

    equity                               EUR          1,619,411.54

  Provisions                             EUR             60,268.67

  Liabilities                            EUR         13,099,605.76

   Financial debts                       EUR          4,050,426.71

    Liabilities due to banks             EUR          4,050,426.71

   Other liabilities                     EUR          9,049,179.05

    Liabililties due to related companiesEUR          5,792,336.42

    Unspecified other liabilities        EUR          3,256,842.63

  Guarantees and other commitments       EUR          3,596,740.86

   Liability from creation of a security

   interest for third parties            EUR          3,596,740.86

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR          3,292,361.34

  Staff expenses                         EUR          1,071,254.53

   Wages and salaries                    EUR            906,483.00

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            164,771.53

  Total depreciation                     EUR            128,425.42

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            128,425.42

  Other operating expenses               EUR          1,660,825.52

  Operating result from continuing

  operations                             EUR            431,855.87

  Interest result (+/-)                  EUR           -547,381.42

   Interest and similar income           EUR              9,319.44

   Interest and similar expenses         EUR            556,700.86

    thereof paid to related companies    EUR            168,057.51

  Other financial result                 EUR             88,348.56

   Income from securities and loans from

   financial assets                      EUR            138,347.56

    thereof related companies            EUR            131,425.30

   Depreciation on financial assets and

   marketable securities                 EUR             49,999.00

  Financial result (+/-)                 EUR           -459,032.86

  Result from ordinary operations (+/-)  EUR            -27,176.99

  Income tax / refund of income tax (+/-)EUR                348.60

  Other taxes / refund of taxes          EUR             -8,369.62

  Tax (+/-)                              EUR             -8,021.02

  Annual surplus / annual deficit        EUR            -35,198.01

 

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 :

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.