x

MIRA INFORM REPORT

 

 

Report Date :

16.02.2012

 

Tel. No.:

+49-6126-9526-30

Fax No.:

+49-6126-9526-333

 

IDENTIFICATION DETAILS

 

Name :

BIOGRUND GMBH

 

 

Registered Office :

Neukirchner Str. 5 D 65510 Hünstetten

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

15.02.1999

 

 

Com. Reg. No.:

HRB 16617

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of other food

 

 

No. of Employees :

38

 

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 :

75,000 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

 

BioGrund GmbH

 

Company Status:      active

 

Neukirchner Str. 5

D 65510 Hünstetten

Telephone:06126/952630

Telefax:  06126/9526333

Homepage: www.biogrund.com

E-mail:   info@biogrund.com

 

 

VAT no.           

 

 DE200306259

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registration data

 

 LEGAL FORM              Private limited company

 Date of foundation:        15.02.1999

 Shareholders'

 agreement:                   15.02.1999

 Registered on:              20.03.2000

 Commercial Register:    Local court 65185 Wiesbaden

 under:                          HRB 16617

 

 

Share capital                       

 

 EUR             25,000.00

 

 

Shareholder

 

Bonutra AG

Dorfstr.38

CH 6341 Baar

Legal form: Other legal form

Share:             EUR             25,000.00

 

Manager:

Dr. Felix Specht

D 65232 Taunusstein

having sole power of representation

born: 04.05.1965

Marital status: unknown

 

Proxy:

Monika Schwarz

Schützenstr. 10

D 65232 Taunusstein

authorized to jointly represent the company

born: 30.09.1947

 

Proxy:

Dr. Mahmud Yunis

D 65033 Wiesbaden

authorized to jointly represent the company

born: 16.02.1970

 

Proxy:

Felix Respondek

D 65510 Idstein

authorized to jointly represent the company

born: 24.08.1976

 

 

COMPANY HISTORY

 

 15.02.1999 - 19.03.2000  BioGrund GmbH

                          Am Itzelgrund 15

                          D 65510 Idstein

                          Private limited company

 20.03.2000 - 22.03.2007  BioGrund GmbH

                          Rembrandtstr. 2a

                          D 65232 Taunusstein

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 4638    Wholesale of other food

46903   Non-specialized wholesale trade

 

FINANCIAL INFORMATION

 

 Payment experience:  cash discount/within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Maximum credit:      75,000 EUR

 

 Balance sheet year:  2010

 

 

REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Neukirchner Str. 5

                      D 65510 Hünstetten

 Type of real estate: Commercial building

 Value at selling price:                 EUR          1,200,000.00

 

 Land register documents were not available.

 

 

BANKERS

 

 VR BANK UNTERTAUNUS, IDSTEIN

 Sort. code: 51091700, BIC: VRBUDE51XXX

 

 

FINANCIAL FIGURES

 

 Turnover:            2010               EUR          3,000,000.00

                      2011               EUR          3,000,000.00

 Profit:              2010               EUR            372,312.00

 further business figures:

 Equipment:                              EUR            266,000.00

 Ac/ts receivable:                       EUR            282,375.00

 Liabillities:                           EUR          2,296,713.00

 Real estate of the firm:                EUR          1,200,000.00

 Total numbers of vehicles:                                      5

 Employees:                                                     38

 

 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 [%]:                 60.08

 Liquidity ratio:                   0.31

 Return on total capital [%]:      12.34

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 44.15

 Liquidity ratio:                   0.20

 Return on total capital [%]:      -9.52

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 41.00

 Liquidity ratio:                   0.21

 Return on total capital [%]:       2.00

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 30.82

 Liquidity ratio:                   0.18

 Return on total capital [%]:       6.95

 

 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          3,016,919.20

  Fixed assets                           EUR          1,649,978.51

   Intangible assets                     EUR              1,132.00

    Other / unspecified intangible assetsEUR              1,132.00

   Tangible assets                       EUR          1,648,846.51

    Other / unspecified tangible assets  EUR          1,648,846.51

  Current assets                         EUR          1,353,187.70

   Stocks                                EUR            934,408.64

   Accounts receivable                   EUR            282,375.10

    Other debtors and assets             EUR            282,375.10

   Liquid means                          EUR            136,403.96

  Remaining other assets                 EUR             13,752.99

   Accruals (assets)                     EUR             13,752.99

 

 LIABILITIES                             EUR          3,016,919.20

  Shareholders' equity                   EUR            552,631.41

   Capital                               EUR             25,000.00

    Subscribed capital (share capital)   EUR             25,000.00

   Balance sheet profit/loss (+/-)       EUR            527,631.41

    Profit / loss brought forward        EUR            155,319.17

    Annual surplus / annual deficit      EUR            372,312.24

  Provisions                             EUR            167,573.87

  Liabilities                            EUR          2,296,713.92

   Other liabilities                     EUR          2,296,713.92

    Unspecified other liabilities        EUR          2,296,713.92

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          2,415,686.95

  Fixed assets                           EUR          1,704,331.51

   Intangible assets                     EUR                  3.00

    Other / unspecified intangible assetsEUR                  3.00

   Tangible assets                       EUR          1,704,328.51

    Other / unspecified tangible assets  EUR          1,704,328.51

  Current assets                         EUR            703,614.24

   Stocks                                EUR            435,471.38

   Accounts receivable                   EUR            242,623.36

    Other debtors and assets             EUR            242,623.36

   Liquid means                          EUR             25,519.50

  Remaining other assets                 EUR              7,741.20

   Accruals (assets)                     EUR              7,741.20

 

 LIABILITIES                             EUR          2,415,686.95

  Shareholders' equity                   EUR            180,319.17

   Capital                               EUR             25,000.00

    Subscribed capital (share capital)   EUR             25,000.00

   Balance sheet profit/loss (+/-)       EUR            155,319.17

    Profit / loss brought forward        EUR            385,176.91

    Annual surplus / annual deficit      EUR           -229,857.74

  Provisions                             EUR            104,057.88

  Liabilities                            EUR          2,131,309.90

   Other liabilities                     EUR          2,131,309.90

    Unspecified other liabilities        EUR          2,131,309.90

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.29

UK Pound

1

Rs.77.45

Euro

1

Rs.64.89

 

 

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.