MIRA INFORM REPORT

 

 

Report Date :

23.08.2012

 

IDENTIFICATION DETAILS

 

Name :

STERNMAID GMBH & CO. KG

 

 

Registered Office :

Am Mühlenberg 4 D 19243 Wittenburg

 

 

Country :

Germany

 

 

Date of Incorporation :

18.12.1996

 

 

Com. Reg. No.:

HRA 2435

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Manufacture of other organic basic chemicals

 

 

No. of Employees :

141

 

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

 

SternMaid GmbH & Co. KG

 

Company Status:      active

                     Am Mühlenberg 4

                     D 19243 Wittenburg

                     Telephone:038852/666-60

                     Telefax:  038852/666-66

                     Homepage: www.sternmaid.de

                     E-mail:   info@sternmaid.de

 

 

VAT no.           

 

DE242128251

 

 

Registration data

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

                                    general partner

Date of foundation:         18.12.1996

Begin of business

activities:                       01.02.1999

Registered on:               14.03.2005

Register of

companies:                   Local court 19053 Schwerin

under:                                       HRA 2435

 

 

Total cap. contribution               

 

EUR          4,000,000.00

 

 

Limited partner

 

                     Stern-Wywiol Gruppe GmbH & Co. KG

                     An der Alster 81

                     D 20099 Hamburg

                     Legal form: Ltd partnership with priv. ltd.

                     company as general partner

                     Total cap.         EUR         15,000,000.00

                     contribution:

                     Share:             EUR          4,000,000.00

                     Registered on: 12.11.2002

                     Reg. data: 20355 Hamburg, HRA 97611

 

General partner:

                     SternMaid Verwaltungsgesellschaft mbH

                     Am Mühlenberg 4

                     D 19243 Wittenburg

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered on: 09.01.2006

                     Reg. data: 19053 Schwerin, HRB 8981

 

Shareholder:

                     Stern-Wywiol Gruppe GmbH & Co. KG

                     An der Alster 81

                     D 20099 Hamburg

                     Legal form: Ltd partnership with priv. ltd.

                     company as general partner

                     Total cap.         EUR         15,000,000.00

                     contribution:

                     Share:             EUR             25,000.00

                     Registered on: 12.11.2002

                     Reg. data: 20355 Hamburg, HRA 97611

 

Manager:

                     Volkmar Alfred Dietrich Wywiol

                     Börnsener Weg 58

                     D 21521 Wohltorf

                     having sole power of representation

                     born: 09.11.1935

                     Profession: Businessman

                     Property regime: Statutory matrimonial

                     property regime

                     Marital status: married

Manager:

                     Stefan Lothar Jürgen Schliesser

                     D 23552 Lübeck

                     having sole power of representation

                     born: 04.09.1960

                     Marital status: married

Manager:

                     Torsten Wywiol

                     D 21521 Wohltorf

                     having sole power of representation

                     born: 23.01.1966

                     Profession: Businessman

 

Proxy:

                     Stefan Lothar Jürgen Schliesser

                     D 23552 Lübeck

                     having sole power of representation

                     born: 04.09.1960

                     Marital status: married

Proxy:

                     Holger Krack

                     Meisenweg 29a

                     D 22926 Ahrensburg

                     authorized to jointly represent the company

                     born: 03.05.1959

                     Marital status: married

Proxy:

                     Mark Riemer

                     D 21423 Winsen

                     authorized to jointly represent the company

                     born: 07.02.1973

 

 

COMPANY HISTORY

 

18.03.1997 - 24.06.2003  Mühlenchemie Produktionsgesellschaft mbH

                         (AG Schwerin, HRB 5320)

                         Am Mühlenberg 4

                         D 19243 Wittenburg

                         Private limited company

24.06.2003 - 13.03.2005  SternMaid GmbH

                         Am Mühlenberg 4

                         D 19243 Wittenburg

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

2014    Manufacture of other organic basic chemicals

82999   Other business support service activities n. e. c.

 

 

FINANCIAL INFORMATION

 

Payment experience:  within periods customary in this trade

 

Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:   proprietor

Share:                100.00 %

Address              Am Mühlenberg 4

                     D 19243 Wittenburg

 

Real Estate of:      SternMaid Verwaltungsgesellschaft mbH

Type of ownership:   Tenant

Address              Am Mühlenberg 4

                     D 19243 Wittenburg

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

HSH NORDBANK HAMBURG, HAMBURG

Sort. code: 20050000, BIC: HSHNDEHH200

 

Further bank

HSH NORDBANK HAMBURG, KIEL, KIEL

Sort. code: 21050000, BIC: HSHNDEHHXXX

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:            2010               EUR         65,336,000.00

                     2011               EUR         70,000,000.00

Profit:              2010               EUR          1,076,000.00

further business figures:

Ac/ts receivable:                       EUR          5,105,000.00

Liabilities:                            EUR         25,735,000.00

Real estate of the firm:                EUR          9,780,000.00

Total numbers of vehicles:                                      3

- Passenger cars:                                               3

Employees:                                                    141

- thereof permanent staff:                                    120

- Part-time employees:                                          8

- Trainees:                                                    13

 

The aforementioned business figures may partly be estimated

information based on average values in the line of business.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.18

UK Pound

1

Rs.87.65

Euro

1

Rs.69.16

 

 

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.