MIRA INFORM REPORT

 

 

Report Date :

15.02.2012

 

IDENTIFICATION DETAILS

 

Name :

FLEURESSE GMBH

 

 

Registered Office :

Kirchbergstr. 23, D 86157 Augsburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.12.1977

 

 

Com. Reg. No.:

HRB 14091

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Manufacture of made-up textiles

 

 

No. of Employees :

Not Available

 

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

 

Maximum Credit Limit :

194,000 EUR

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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

 

Fleuresse Gmbh

 

Company Status:      active

Kirchbergstr. 23

D 86157 Augsburg

Telephone:0821/5210-620

Telefax:  0821/5210-379

Homepage: www.fleuresse.de

E-mail:   email@fleuresse.de

 

 

VAT no            

 

DE811717531

 

 

Tax ID number    

 

103/117/00214

 

 

Company detail

 

LEGAL FORM                           Private limited company

Date of foundation                      : 01.12.1977

Shareholders' agreement            :  01.12.1977

Registered on                            : 14.06.1978

Commercial Register                  : Local court 86150 Augsburg

Under                                        : HRB 14091

Share capital:                          EUR             60,000.00

 

 

Shareholder

 

Dierig Textilwerke Gesellschaft mit

beschränkter Haftung

Kirchbergstr. 23

D 86157 Augsburg

Legal form: Private limited company

Share capital:     EUR          2,100,000.00

Share:             EUR             60,000.00

Registered on: 04.12.1972

Reg. data: 86150 Augsburg, HRB 6651

Control and profit transfer agreement

 

 

Manager

 

Christian Dierig

D 86157 Augsburg

authorized to jointly represent the company

Profession: Management expert

Marital status: unknown

 

Manager

Jürgen Langmann

D 86637 Wertingen

 

 

Proxy

 

Angelika Rosenbauer

D 91757 Treuchtlingen

authorized to jointly represent the company

 

 

Further functions/participations of Christian Dierig (Manager)

 

Manager:

Christian Dierig Gesellschaft mit

beschränkter Haftung

Kirchbergstr. 23

D 86157 Augsburg

Legal form: Private limited company

Share capital:     EUR          1,100,000.00

Registered

on:         10.02.1970

Reg. data:  86150 Augsburg, HRB 6440

 

Manager:

Dierig Textilwerke Gesellschaft mit

beschränkter Haftung

Kirchbergstr. 23

D 86157 Augsburg

Legal form: Private limited company

Share capital:     EUR          2,100,000.00

Registered

on:         04.12.1972

Reg. data:  86150 Augsburg, HRB 6651

President of the Board of Directors:

Dierig Holding Aktiengesellschaft

Kirchbergstr. 23

D 86157 Augsburg

Legal form: Public limited company

Share capital:     EUR         11,000,000.00

Registered

on:         23.01.1947

Reg. data:  86150 Augsburg, HRB 6137

 

 

COMPANY HISTORY

 

01.12.1977 - 08.09.1994  Dierig Wäschefabrik Gesellschaft mit

                         beschränkter Haftung

                         Industriestr. 8

                         D 86643 Rennertshofen

                         Private limited company

08.09.1994 - 2001        fleuresse GmbH

                         Kirchbergstr. 23

                         D 86157 Augsburg

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

13920   Manufacture of made-up textiles (except apparel)

46410   Wholesale of textiles

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Maximum credit:      194,000 EUR

 

Balance sheet year:  2010

 

REAL ESTATE

Type of ownership:   Tenant

Address              Kirchbergstr. 23

                     D 86157 Augsburg

 

Land register documents were not available.

 

BANKERS

Principal bank

DEUTSCHE BANK, AUGSBURG, BAY

Sort. code: 72070001, Account no.: 024264400, BIC: DEUTDEMM720

 

Further banks

 

UNICREDIT BANK - HYPOVEREINSBANK, AUGSBURG, BAY

Sort. code: 72020070, Account no.: 2232529, BIC: HYVEDEMM408

 

COMMERZBANK, AUGSBURG, BAY

Sort. code: 72040046, Account no.: 111057600, BIC: COBADEFF720

 

STADTSPARKASSE AUGSBURG, AUGSBURG, BAY

Sort. code: 72050000, Account no.: 0913756, BIC: AUGSDE77XXX

 

 

FINANCIAL FIGURES

 

Turnover:            2010               EUR          9,689,000.00

Expected turnover:                      EUR         10,500,000.00

Profit:              2010               EUR           -697,299.00

Ac/ts receivable:                       EUR          1,129,469.00

Liabillities:                           EUR          3,493,714.00

Employees:                                                     36

- thereof permanent staff:                                     36

 

Control and profit transfer agreement to:

                     Dierig Textilwerke Gesellschaft mit

                     beschränkter Haftung

                     Kirchbergstr. 23

                     D 86157 Augsburg

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 88.18

Liquidity ratio:                   2.48

Return on total capital [%]:     -11.87

 

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          5,767,453.17

 Fixed assets                           EUR              2,174.64

  Tangible assets                       EUR              1,666.00

  Financial assets                      EUR                508.64

 Current assets                         EUR          5,733,178.53

  Stocks                                EUR          4,600,890.00

  Accounts receivable                   EUR          1,129,468.50

  Liquid means                          EUR              2,820.03

 Remaining other assets                 EUR             32,100.00

  Accruals (assets)                     EUR             32,100.00

 

LIABILITIES                             EUR          5,767,453.17

 Shareholders' equity                   EUR          2,050,000.00

  Capital                               EUR             60,000.00

   Subscribed capital (share capital)   EUR             60,000.00

  Reserves                              EUR          1,990,000.00

   Capital reserves                     EUR          1,990,000.00

 Provisions                             EUR            223,739.00

 Liabilities                            EUR          3,493,714.17

 Guarantees and other commitments       EUR             38,738.00

  Other guarantees and other commitmentsEUR             38,738.00

 

Profit and loss account (cost-summary method) according to Comm.

Code (HGB)

 Gross result (+/-)                     EUR          3,151,592.82

 Staff expenses                         EUR          1,559,357.70

  Wages and salaries                    EUR          1,319,619.96

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR            239,737.74

 Other operating expenses               EUR          2,089,592.05

 Operating result from continuing

 operations                             EUR           -497,356.93

 Interest result (+/-)                  EUR           -186,551.51

  Interest and similar income           EUR                282.10

  Interest and similar expenses         EUR            186,833.61

 Financial result (+/-)                 EUR           -186,551.51

 Result from ordinary operations (+/-)  EUR           -683,908.44

 Extraordinary expenses                 EUR             12,624.95

 Extraordinary result (+/-)             EUR            -12,624.95

 Income from assumption of loss by

 parent company                         EUR            697,299.39

 Other taxes / refund of taxes          EUR               -766.00

 Tax (+/-)                              EUR               -766.00

 Annual surplus / annual deficit        EUR                  0.00

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.33

UK Pound

1

Rs.77.41

Euro

1

Rs.64.83

 

 

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.