MIRA INFORM REPORT

 

 

Report Date :

20.01.2012

 

IDENTIFICATION DETAILS

 

Name :

NON-STOP MODETEXTIL-VERTRIEBS GMBH

 

 

Registered Office :

Hindenburgstr. 160 D 22297 Hamburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

30.10.1986

 

 

Com. Reg. No.:

HRB 37025

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of clothing and footwear

 

 

No. of Employees :

35

 

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 :

216,000 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

 

 Non-Stop Modetextil-Vertriebs GmbH

 

 Company Status:      active

 

 Main address:               Hindenburgstr. 160

                                    D 22297 Hamburg

                                    Telephone:040/6568540

                                    Telefax:  040/6570920

                                    Homepage: www.nonstop-germany.de

                                    E-mail:   info@nonstop-germany.de

 

 Trade name:                 non-stop dress for success

 

 

VAT no.           

 

DE118668015

 

Tax ID number     

 

49/747/00501

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registartion data

 

 LEGAL FORM              Private limited company

 Date of foundation:        30.10.1986

 Shareholders'

 agreement:                   30.10.1986

 Registered on:              01.12.1986

 Commercial Register:    Local court 20355 Hamburg

 under:                          HRB 37025

 

 

Share capital                          

 

EUR            255,645.94

 

 

Shareholder

 

Jagjit Singh Bhatia

Brabandstr. 4

D 22297 Hamburg

born: 18.01.1957

Share:             EUR            255,645.94

 

Manager:

Jagjit Singh Bhatia

Brabandstr. 4

D 22297 Hamburg

having sole power of representation

born: 18.01.1957

Profession: Businessman

Marital status: married

 

Manager:

Jatinder-Singh Bhatia

D 22297 Hamburg

having sole power of representation

born: 30.06.1962

 

 

Further functions/participations of Jagjit Singh Bhatia

(Manager)

 

Manager:

Malvin fashion and design GmbH

Hindenburgstr. 160

D 22297 Hamburg

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered

on:         27.07.1999

Reg. data:  20355 Hamburg, HRB 71920

 

 

COMPANY HISTORY

 

 01.12.1986 - 26.02.1994  Non-Stop Modetextil Vertriebs GmbH

                          Schellingstr. 17

                          D 22089 Hamburg

                          Private limited company

 27.02.1994 - 06.06.2003  Non-Stop Modetextil-Vertriebs GmbH

                          Wandsbeker Zollstr. 141-143

                          D 22041 Hamburg

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

 Sectors

 4642   Wholesale of clothing and footwear

47710   Retail sale of clothing

 

BRANCHES AND FACTORIES

 

Branch:

Non-Stop Modetextil-Vertriebs GmbH

Modering 1

D 22457 Hamburg

 

Branch:

Non-Stop Modetextil-Vertriebs GmbH

Heegbarg 31

D 22391 Hamburg

TEL.: 040/61139594

 

Branch:

Non-Stop Modetextil-Vertriebs GmbH

Celler Str. 7

D 29614 Soltau

 

Branch:

Non-Stop Modetextil-Vertriebs GmbH

Jakobikirchhof 8

D 20095 Hamburg

TEL.: 040/32525768

 

Branch:

Non-Stop Modetextil-Vertriebs GmbH

Ballindamm 40

D 20095 Hamburg

TEL.: 040/76754114

FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Maximum credit:      216,000 EUR

 

Balance sheet year:  2009

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Hindenburgstr. 160

                      D 22297 Hamburg

 

 Real Estate of:      Jagjit Singh Bhatia

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Wandsbeker Zollstr.141-143

                      D 22041 Hamburg

 

 Real Estate of:      Jagjit Singh Bhatia

 Type of ownership:   part owner

 Share:                 50.00 %

 Address              Brabandstr. 4

                      D 22297 Hamburg

 

 Land register documents were not available.

 

 

BANKERS

 

 COMMERZBANK VORMALS DRESDNER BANK, HAMBURG

 Sort. code: 20080000, BIC: DRESDEFF200

 DEUTSCHE BANK, HAMBURG

 Sort. code: 20070000, BIC: DEUTDEHHXXX

 HAMBURGER SPARKASSE, HAMBURG

 Sort. code: 20050550, BIC: HASPDEHHXXX

 

 

FINANCIAL FIGURES

 

 Turnover:            2010               EUR         12,000,000.00

                      2011               EUR         12,000,000.00

 further business figures:

 Equipment:                              EUR            280,000.00

 Ac/ts receivable:                       EUR          1,674,997.00

 Liabillities:                           EUR          1,320,815.00

 Employees:                                                     35

 

 The aforementioned business figures may partly be estimated

 information based on average values in the line of business.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 31.39

 Liquidity ratio:                   1.71

 Return on total capital [%]:     -14.78

 Balance sheet grade:                3.5

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 46.03

 Liquidity ratio:                  10.00

 Return on total capital [%]:       3.69

 Balance sheet grade:                1.7

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 39.00

 Liquidity ratio:                   9.91

 Return on total capital [%]:       9.00

 Balance sheet grade:                1.9

 

 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:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          3,469,262.76

  Fixed assets                           EUR             96,796.00

   Intangible assets                     EUR              2,327.00

    Other / unspecified intangible assetsEUR              2,327.00

   Tangible assets                       EUR             94,469.00

    Other / unspecified tangible assets  EUR             94,469.00

  Current assets                         EUR          3,328,950.80

   Stocks                                EUR          1,284,187.82

   Accounts receivable                   EUR          1,674,997.49

    Other debtors and assets             EUR          1,674,997.49

   Liquid means                          EUR            369,765.49

  Remaining other assets                 EUR             43,515.96

   Accruals (assets)                     EUR             43,515.96

 

 LIABILITIES                             EUR          3,469,262.76

  Shareholders' equity                   EUR          1,122,032.62

   Capital                               EUR            255,645.94

    Subscribed capital (share capital)   EUR            255,645.94

   Reserves                              EUR            400,000.00

    Retained earnings / revenue reserves EUR            400,000.00

   Balance sheet profit/loss (+/-)       EUR            466,386.68

    Balance sheet profit / loss          EUR            466,386.68

  Provisions                             EUR          1,026,414.84

  Liabilities                            EUR          1,320,815.30

   Other liabilities                     EUR          1,320,815.30

    Unspecified other liabilities        EUR          1,320,815.30

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR          3,506,857.70

  Fixed assets                           EUR            111,443.00

   Intangible assets                     EUR              1,403.00

   Tangible assets                       EUR            110,040.00

  Current assets                         EUR          3,327,525.16

   Stocks                                EUR            770,214.58

   Accounts receivable                   EUR          1,239,009.27

   Liquid means                          EUR          1,318,301.31

  Remaining other assets                 EUR             67,889.54

   Accruals (assets)                     EUR             67,889.54

 

 LIABILITIES                             EUR          3,506,857.70

  Shareholders' equity                   EUR          1,627,667.75

   Capital                               EUR            255,645.94

    Subscribed capital (share capital)   EUR            255,645.94

   Reserves                              EUR            400,000.00

    Retained earnings / revenue reserves EUR            400,000.00

   Balance sheet profit/loss (+/-)       EUR            972,021.81

    Balance sheet profit / loss          EUR            972,021.81

  Provisions                             EUR          1,261,845.00

  Liabilities                            EUR            617,344.95

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.29

UK Pound

1

Rs.77.60

Euro

1

Rs.64.67

 

 

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.