MIRA INFORM REPORT

 

 

 

 

Report Date :           

23.02.2012

 

Company name

 

BONCETTI Import- und Export Handelsgesellschaft m.b.H.

 

 

Company address

 

Breslauer Str. 8  Haus Florenz

Raum 221

D 41460 Neuss

Telephone:        02131/167558

Telefax:             02131/167559

Homepage:        www.boncetti.com

E-mail:              boncetti@t-online.de

 

 

VAT no.          

 

DE812876146

 

 

 

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

 LEGAL FORM              Private limited company

 Date of foundation:        1984

 Shareholders'

 agreement:                   03.12.1999

 Registered on:              26.01.2000

 Commercial Register:    Local court 41460 Neuss

 under:                          HRB 10194

 Share capital:                EUR             50,000.00

 

 

Shareholder

 

Yasar Aygün

Richard-Wagner-Str. 113

D 41515 Grevenbroich

born: 01.02.1947

Share:             EUR             50,000.00

 

 

Manager

 

Yasar Aygün

Richard-Wagner-Str. 113

D 41515 Grevenbroich

having sole power of representation

born: 01.02.1947

Profession: Businessman

Marital status: married

 

Further functions/participations of Yasar Aygün (Manager)

 

Proprietor:

                      Yasar Aygün

                      Breslauer Str. 8

                      IMOTEX Haus London Raum 221

                      D 41460 Neuss

                      Legal form: Unregistered commercial

                                  enterprise

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

 46493   Wholesale of leather goods, luggage, giftware and advertising articles

 

Secondary industrial sector

46163   Agents involved in the sale of apparel

4641    Wholesale of textiles

47710   Retail sale of clothing

 

 

BRANCHES AND FACTORIES

 

Branch:

                      BONCETTI Import- und Export

                      -Handelsgesellschaft m.b.H.

                      Hürth-Park 134

                      D 50354 Hürth

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            15,000 EUR

 

Balance sheet year:       2010

 

 

REAL ESTATE

 

Type of ownership:         Tenant

 Address                       Breslauer Str. 8 IMOTEX

                                    D 41460 Neuss

 

 Type of ownership:        Tenant

 Address                       Hürth-Park 134

                                    D 50354 Hürth

 

 Type of ownership:        Tenant

 Address                       Breslauer Str. 8  Haus Florenz Raum 221

                                    D 41460 Neuss

 

 Land register documents were not available.

 

BANKERS

 

SPARKASSE NEUSS, NEUSS

Sort. code: 30550000, BIC: WELADEDNXXX

 

 

FINANCIAL FIGURES

 

 Turnover:            2010               EUR            990,000.00

 Profit:              2010               EUR            -80,158.00

 Equipment:                              EUR             55,291.00

 Ac/ts receivable:                       EUR             11,783.00

 Liabillities:                           EUR            704,016.00

 Employees:                                                     22

 

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 [%]:                -12.06

 Liquidity ratio:                   0.02

 Return on total capital [%]:     -12.67

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 11.27

 Liquidity ratio:                   0.01

 Return on total capital [%]:      -3.63

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 19.51

 Return on total capital [%]:      15.22

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 21.81

 Liquidity ratio:                   0.04

 Return on total capital [%]:       0.15

 

 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.

 

Balance sheet grade

The balance sheet grade is based on the following ratios: equity ratio, liquidity ratio and return on total capital from the balance sheets published in the Federal Gazette.

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR            709,015.52

  Fixed assets                           EUR             57,091.00

   Tangible assets                       EUR             57,091.00

    Plant / machinery                    EUR              1,800.00

    Other tangible assets / fixtures and

    fittings                             EUR             55,291.00

  Current assets                         EUR            572,654.57

   Stocks                                EUR            547,711.00

    Raw materials, consumables and

    supplies                             EUR            547,711.00

   Accounts receivable                   EUR             11,782.89

    Other debtors and assets             EUR             11,782.89

   Liquid means                          EUR             13,160.68

  Remaining other assets                 EUR             79,269.95

   Accruals (assets)                     EUR              2,956.00

   Deficit not covered by shareholders'

   equity                                EUR             76,313.95

 

 LIABILITIES                             EUR            709,015.52

  Shareholders' equity                   EUR                  0.00

   Capital                               EUR             50,000.00

    Subscribed capital (share capital)   EUR             50,000.00

   Balance sheet profit/loss (+/-)       EUR           -126,313.95

    Profit / loss brought forward        EUR            -46,155.98

    Annual surplus / annual deficit      EUR            -80,157.97

   Other shareholders' equity (+/-)      EUR             76,313.95

    Deficit not covered by shareholders'

    equity                               EUR             76,313.95

  Provisions                             EUR              5,000.00

   Other / unspecified provisions        EUR              5,000.00

  Liabilities                            EUR            704,015.52

   Financial debts                       EUR            144,190.70

    Liabilities due to banks             EUR            144,190.70

   Other liabilities                     EUR            559,824.82

    Unspecified other liabilities        EUR            559,824.82

     thereof liabilities from tax /

     financial authorities               EUR                 45.99

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR            791,974.70

  Fixed assets                           EUR             87,237.00

   Tangible assets                       EUR             87,237.00

    Plant / machinery                    EUR              2,250.00

    Other tangible assets / fixtures and

    fittings                             EUR             84,987.00

  Current assets                         EUR            578,497.83

   Stocks                                EUR            561,999.00

    Raw materials, consumables and

    supplies                             EUR            561,999.00

   Accounts receivable                   EUR              7,075.90

    Other debtors and assets             EUR              7,075.90

   Liquid means                          EUR              9,422.93

  Remaining other assets                 EUR            126,239.87

   Accruals (assets)                     EUR              5,912.00

   Other assets                          EUR            120,327.87

 

 LIABILITIES                             EUR            791,974.70

  Shareholders' equity                   EUR             89,256.64

   Capital                               EUR             50,000.00

    Subscribed capital (share capital)   EUR             50,000.00

   Balance sheet profit/loss (+/-)       EUR             39,256.64

    Profit / loss brought forward        EUR             67,979.76

    Annual surplus / annual deficit      EUR            -28,723.12

  Provisions                             EUR              5,000.00

   Other / unspecified provisions        EUR              5,000.00

  Liabilities                            EUR            697,718.06

   Financial debts                       EUR            131,672.54

    Liabilities due to banks             EUR            131,672.54

   Other liabilities                     EUR            566,045.52

    Unspecified other liabilities        EUR            566,045.52

     thereof liabilities from tax /

     financial authorities               EUR             39,555.64

MIRA INFORM REPORT

 

Prepared for :

Syndicate Bank - ND - Hauz Khas Branch

 

 

Your Ref. No.:         

Ultimate Fashion Maker Ltd.

 

Report No. :

142133

Report Date :           

18.05.2011

 

INQUIRY DETAILS

 

Given Name :

Boncetti Gmbh

 

 

Given Address :

Breslauer Str 8, 41460 Nevss, Germany

 

IDENTIFICATION DETAILS

 

Correct Name :

BONCETTI IMPORT- UND EXPORT-HANDELSGESELLSCHAFT M.B.H.

 

 

Registered Office :

Breslauer Str. 8  Haus Florenz, Raum 221, D 41460 Neuss

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

26.01.2000

 

 

Com. Reg. No.:

HRB 10194

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of leather goods, luggage, giftware and advertising articles

 

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 :

17.000 EUR

Status :

Satisfactory

Payment Behaviour :

Regular

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Germany

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name & address 

 

BONCETTI Import- und Export-Handelsgesellschaft m.b.H.

 

Main address:

Breslauer Str. 8  Haus Florenz

Raum 221

D 41460 Neuss

Telephone:        02131/167558

Telefax:             02131/167559

Homepage:        www.boncetti.com

E-mail:              boncetti@t-online.de

 

 

VAT no. 

 

DE812876146

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         1984

Shareholders'

agreement:                    03.12.1999

Registered on:               26.01.2000

Commercial Register: Local court 41460 Neuss

under:                                       HRB 10194

Share capital:                EUR             50.000,00

Shareholder

 

Yasar Aygün

Richard-Wagner-Str. 113

D 41515 Grevenbroich

born: 01.02.1947

Share:             EUR             50.000,00

 

 

Manager

 

Yasar Aygün

Richard-Wagner-Str. 113

D 41515 Grevenbroich

having sole power of representation

born: 01.02.1947

Profession: Businessman

Marital status: married

 

 

Further functions/participations of Yasar Aygün (Manager)

 

Proprietor:

                      Yasar Aygün

                      Breslauer Str. 8

                      IMOTEX Haus London Raum 221

                      D 41460 Neuss

                      Legal form: Unregistered commercial

                                  enterprise

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

 46493   Wholesale of leather goods, luggage, giftware and advertising articles

 

Secondary industrial sector

46163   Agents involved in the sale of apparel

4641   Wholesale of textiles

47710   Retail sale of clothing

 

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      BONCETTI Import- und Export

                      -Handelsgesellschaft m.b.H.

                      Hürth-Park 134

                      D 50354 Hürth

 

 

FINANCIAL INFORMATION

 

 Payment experience:    within agreed terms

 

 Negative information:     We have no negative information at hand.

 

 Maximum credit:           17.000 EUR

 

 Balance sheet year:       2009

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Breslauer Str. 8 IMOTEX

                      D 41460 Neuss

 

 Type of ownership:   Tenant

 Address              Hürth-Park 134

                      D 50354 Hürth

 

 Type of ownership:   Tenant

 Address              Breslauer Str. 8  Haus Florenz Raum 221

                      D 41460 Neuss

 

 Land register documents were not available.

 

 

BANKERS

 

SPARKASSE NEUSS, NEUSS

Sort. code: 30550000, BIC: WELADEDNXXX

 

 

FINANCIAL FIGURES

 

 Turnover:            2009               EUR            900.000,00

                      2010               EUR            990.000,00

 further business figures:

 Employees:                                                     22

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 2009

 Equity ratio [%]:                 11,27

 Liquidity ratio:                   0,01

 Return on total capital [%]:      -3,63

 

 

 Balance sheet ratios 2008

 Equity ratio [%]:                 19,51

 Return on total capital [%]:      15,22

 

 

 Balance sheet ratios 2007

 Equity ratio [%]:                 21,81

 Liquidity ratio:                   0,04

 Return on total capital [%]:       0,15

 

 

 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            791.974,70

  Fixed assets                           EUR             87.237,00

   Tangible assets                       EUR             87.237,00

    Plant / machinery                    EUR              2.250,00

    Other tangible assets / fixtures and

    fittings                             EUR             84.987,00

  Current assets                         EUR            578.497,83

   Stocks                                EUR            561.999,00

    Raw materials, consumables and

    supplies                             EUR            561.999,00

   Accounts receivable                   EUR              7.075,90

    Other debtors and assets             EUR              7.075,90

   Liquid means                          EUR              9.422,93

  Remaining other assets                 EUR            126.239,87

   Accruals (assets)                     EUR              5.912,00

   Other assets                          EUR            120.327,87

 

 LIABILITIES                             EUR            791.974,70

  Shareholders' equity                   EUR             89.256,64

   Capital                               EUR             50.000,00

    Subscribed capital (share capital)   EUR             50.000,00

   Balance sheet profit/loss (+/-)       EUR             39.256,64

    Profit / loss brought forward        EUR             67.979,76

    Annual surplus / annual deficit      EUR            -28.723,12

  Provisions                             EUR              5.000,00

   Other / unspecified provisions        EUR              5.000,00

  Liabilities                            EUR            697.718,06

   Financial debts                       EUR            131.672,54

    Liabilities due to banks             EUR            131.672,54

   Other liabilities                     EUR            566.045,52

    Unspecified other liabilities        EUR            566.045,52

     thereof liabilities from tax /

     financial authorities               EUR             39.555,64

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR            759.062,17

  Fixed assets                           EUR            124.980,41

   Tangible assets                       EUR            123.790,05

    Plant / machinery                    EUR              2.700,00

    Other tangible assets / fixtures and

    fittings                             EUR            121.090,05

   Financial assets                      EUR              1.190,36

    Loans to shareholders                EUR              1.190,36

  Current assets                         EUR            623.523,15

   Stocks                                EUR            606.229,00

    Raw materials, consumables and

    supplies                             EUR            606.229,00

   Accounts receivable                   EUR              2.379,76

    Other debtors and assets             EUR              2.379,76

   Liquid means                          EUR             14.914,39

  Remaining other assets                 EUR             10.558,61

   Accruals (assets)                     EUR              9.843,36

   Other assets                          EUR                715,25

 

 LIABILITIES                             EUR            759.062,17

  Shareholders' equity                   EUR            148.111,99

   Capital                               EUR             50.000,00

    Subscribed capital (share capital)   EUR             50.000,00

   Balance sheet profit/loss (+/-)       EUR             98.111,99

    Profit / loss brought forward        EUR            -17.432,86

    Annual surplus / annual deficit      EUR            115.544,85

  Provisions                             EUR              5.000,00

   Provisions for taxes                  EUR                  0,00

   Other / unspecified provisions        EUR              5.000,00

  Liabilities                            EUR            605.950,18

   Financial debts                       EUR            142.176,64

    Liabilities due to banks             EUR            142.176,64

   Other liabilities                     EUR            463.773,54

    Unspecified other liabilities        EUR            463.773,54

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.25

UK Pound

1

Rs.76.75

Euro

1

Rs.65.16

 

 

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.