MIRA INFORM REPORT
|
Report Date : |
21.01.2012 |
Company name & address
ITE International Tunneling Equipment GmbH
Main
address:
Werner-von-Siemens-Str. 7
D 46485 Wesel
Telephone: 0281/319362-0
Telefax: 0281/319362-62
Homepage: www.separation.de
E-mail: info@separation.de
VAT no
DE258300433
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 02.02.2008
Begin of business
activities: 02.02.2008
Shareholders'
agreement: 02.02.2008
Registered on: 01.02.2011
Commercial Register: Local
court 47051 Duisburg
under: HRB 23116
Share
capital: EUR 49,000.00
Shareholder
Frank Schwarzer
Frankfurter Str. 209
D 46562 Voerde
born: 10.03.1965
Share: EUR 25,000.00
Shareholder:
Abacus alpha GmbH
Johann-Klein-Str. 45
D 67227 Frankenthal
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 16,800.00
Registered on: 28.03.2006
Reg. data: 67061 Ludwigshafen, HRB 60267
Shareholder:
Momentum Holding GmbH
An der Althart 23
D 67433 Neustadt
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 4,800.00
Registered on: 10.06.2009
Reg. data: 67061 Ludwigshafen, HRB 61585
Shareholder:
Thomas Hubert Götzmann
D 68789 St. Leon-Rot
born: 23.08.1965
Share: EUR 2,400.00
Manager
Frank Schwarzer
Frankfurter Str. 209
D 46562 Voerde
having sole power of representation
born: 10.03.1965
Profession: Surveying technician
Marital status: married
Proxy
Timo Seidenfuß
D 73430 Aalen
having sole power of representation
born: 03.12.1979
Further
functions/participations of Frank Schwarzer (Manager)
Manager:
SEPCOM
Gesellschaft mit beschränkter Haftung
Werner-von-Siemens-Str. 7
D
46485 Wesel
Legal form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 12.11.2010
Reg.
data: 47051 Duisburg, HRB 22878
COMPANY HISTORY
13.03.2008 -
22.12.2010 ITE International Tunneling
Equipment
Gesellschaft mit beschränkter Haftung
Konrad-Zuse-Str. 22
D
52477 Alsdorf
Private
limited company
22.12.2010 -
01.02.2011 ITE International Tunneling
Equipment
GmbH (bis 01.02.2011)
Konrad-Zuse-Str. 22
D
52477 Alsdorf
Private limited company
BUSINESS ACTIVITIES
Sectors
2829 Manufacture of other
general-purpose machinery n.e.c.
46141 Agents involved in the sale of machines
(except agricultural machineryand office machinery) and industrial supplies n.e.c.
4669 Wholesale of other
machinery, equipment and supplies
71122 Engineering
activities in the field of technical sectoral
planning andengineering design
PARTICIPATIONS
Shareholder:
SEPCOM
Gesellschaft mit beschränkter Haftung
Werner-von-Siemens-Str. 7
D
46485 Wesel
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 12,500.00
Reg.
data: 12.11.2010
Local court 47051 Duisburg
HRB 22878
FINANCIAL INFORMATION
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Maximum credit: 47,000 EUR
Balance sheet year: 2010
REAL ESTATE
Type of ownership: Tenant
Address Werner-von-Siemens-Str. 7
D
46485 Wesel
Land register documents
were not available.
BANKERS
SPARKASSE DINSLAKEN-VOERDE-HÜNXE, DINSLAKEN
Sort. code: 35251000, Account no.: 670914274, BIC: WELADED1DIN
FINANCIAL FIGURES
Turnover: 2011 EUR 2,750,000.00
Profit: 2010 EUR -218,990.00
further
business figures:
Ac/ts receivable: EUR 957,423.00
Liabillities: EUR 1,389,932.00
Employees:
15
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 [%]: 30.44
Liquidity ratio: 0.73
Return on total capital [%]: -9.71
Balance sheet grade: 3.7
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 27.57
Liquidity ratio: 1.05
Return on total capital [%]: 22.25
Balance sheet grade: 2.2
Balance sheet ratios 02.02.2008 - 31.12.2008
Equity ratio [%]: 9.63
Liquidity ratio: 0.66
Return on total capital [%]: 8.69
Balance sheet grade: 3.2
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. It is
calculated in accordance with the
methodology of Euler Hermes. It ranges
from 1.0 (positive) to 5.0 (negative).
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS
EUR 2,254,706.05
Fixed assets
EUR 347,580.39
Tangible assets
EUR 296,241.00
Other / unspecified tangible assets
EUR 296,241.00
Financial assets
EUR 51,339.39
Other / unspecified financial assets
EUR 51,339.39
Current assets
EUR 1,893,646.15
Stocks
EUR 861,695.65
Accounts receivable
EUR 957,423.18
Other debtors and assets
EUR 957,423.18
Liquid means
EUR 74,527.32
Remaining other assets
EUR 13,479.51
Accruals (assets)
EUR 13,479.51
LIABILITIES EUR 2,254,706.05
Shareholders' equity
EUR 686,439.07
Capital
EUR 49,000.00
Subscribed capital (share capital)
EUR 49,000.00
Reserves
EUR 492,520.00
Capital reserves
EUR 476,000.00
Retained earnings / revenue reserves EUR 16,520.00
Balance sheet profit/loss (+/-)
EUR 144,919.07
Profit / loss brought forward
EUR 363,908.86
Annual surplus / annual deficit
EUR -218,989.79
Provisions
EUR 178,334.72
Liabilities
EUR 1,389,932.26
Other liabilities
EUR 1,389,932.26
Unspecified other liabilities
EUR 1,389,932.26
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 1,410,806.84
Fixed assets
EUR 88,951.00
Tangible assets
EUR 88,951.00
Other / unspecified tangible assets
EUR 88,951.00
Current assets
EUR 1,231,051.64
Stocks
EUR 407,189.50
Accounts receivable
EUR 570,816.31
Other debtors and assets
EUR 570,816.31
Liquid means
EUR 253,045.83
Remaining other assets
EUR 90,804.20
Accruals (assets)
EUR 90,804.20
LIABILITIES EUR 1,410,806.84
Shareholders' equity
EUR 388,908.86
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 363,908.86
Profit / loss brought forward
EUR 50,000.00
Annual surplus / annual deficit
EUR 313,908.86
Provisions EUR 222,638.00
Liabilities
EUR 799,259.98
Other liabilities
EUR 799,259.98
Unspecified other liabilities
EUR 799,259.98
MIRA INFORM REPORT
|
Prepared for : |
Central Bank of India – Secunderabad |
|
|
|
|
Your Ref. No.: |
VISHWA Infrastructures & Services Pvt. Ltd |
|
Report No. : |
159048 |
|
Report Date : |
05.11.2011 |
INQUIRY DETAILS
|
Given Name : |
ITF Gmbh |
|
|
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Given Address : |
Werner Von-Siems-Strasse 7, 46485 Wesel, Germany |
IDENTIFICATION DETAILS
|
Correct Name : |
ITE INTERNATIONAL TUNNELING EQUIPMENT GMBH |
|
|
|
|
Registered Office : |
Werner-von-Siemens-Str. 7, D 46485 Wesel |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
01.02.2011 |
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Com. Reg. No.: |
HRB 23116 |
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Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Agents involved
in the sale of machines (except agricultural machineryand office machinery)
and industrial supplies |
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 : |
46,000 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 30th, 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 & address
ITE International Tunneling Equipment GmbH
Main
address:
Werner-von-Siemens-Str. 7
D 46485 Wesel
Telephone: 0281/319362-0
Telefax: 0281/319362-62
Homepage: www.separation.de
E-mail: info@separation.de
VAT no
DE258300433
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 02.02.2008
Begin of business
activities: 02.02.2008
Shareholders'
agreement: 02.02.2008
Registered on: 01.02.2011
Commercial Register: Local
court 47051 Duisburg
under: HRB
23116
Share
capital: EUR 49,000.00
Shareholder
Frank Schwarzer
Frankfurter Str. 209
D 46562 Voerde
born: 10.03.1965
Share: EUR 25,000.00
Shareholder:
Abacus alpha GmbH
Johann-Klein-Str. 45
D 67227 Frankenthal
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 16,800.00
Registered on: 28.03.2006
Reg. data: 67061 Ludwigshafen, HRB 60267
Shareholder:
Momentum Holding GmbH
An der Althart 23
D 67433 Neustadt
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 4,800.00
Registered on: 10.06.2009
Reg. data: 67061 Ludwigshafen, HRB 61585
Shareholder:
Thomas Hubert Götzmann
D 68789 St. Leon-Rot
born: 23.08.1965
Share: EUR 2,400.00
Manager
Frank Schwarzer
Frankfurter Str. 209
D 46562 Voerde
having sole power of representation
born: 10.03.1965
Profession: Surveying technician
Marital status: married
Proxy
Timo Seidenfuß
D 73430 Aalen
having sole power of representation
born: 03.12.1979
Further
functions/participations of Frank Schwarzer (Manager)
Manager:
SEPCOM
Gesellschaft mit beschränkter Haftung
Werner-von-Siemens-Str. 7
D
46485 Wesel
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 12.11.2010
Reg.
data: 47051 Duisburg, HRB 22878
COMPANY HISTORY
13.03.2008 -
22.12.2010 ITE International Tunneling
Equipment
Gesellschaft mit beschränkter Haftung
Konrad-Zuse-Str. 22
D
52477 Alsdorf
Private limited company
22.12.2010 -
01.02.2011 ITE International Tunneling
Equipment
GmbH (bis 01.02.2011)
Konrad-Zuse-Str. 22
D
52477 Alsdorf
Private limited company
BUSINESS ACTIVITIES
Sectors
46141 Agents involved in the sale of machines
(except agricultural machineryand office machinery) and industrial supplies n.e.c.
4669 Wholesale of other
machinery, equipment and supplies
71122 Engineering
activities in the field of technical sectoral
planning andengineering design
PARTICIPATIONS
Shareholder:
SEPCOM
Gesellschaft mit beschränkter Haftung
Werner-von-Siemens-Str. 7
D
46485 Wesel
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 12,500.00
Reg.
data: 12.11.2010
Local court 47051 Duisburg
HRB 22878
FINANCIAL INFORMATION
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Maximum credit: 46,000 EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership: Tenant
Address Werner-von-Siemens-Str. 7
D 46485 Wesel
Land register documents
were not available.
BANKERS
SPARKASSE DINSLAKEN-VOERDE-HÜNXE, DINSLAKEN
Sort. code: 35251000, Account no.: 670914274, BIC: WELADED1DIN
FINANCIAL FIGURES
Turnover: 2009 EUR 2,677,000.00
2010 EUR 2,700,000.00
further business figures:
Ac/ts receivable: EUR 570,816.00
Liabillities: EUR 799,259.00
Employees:
15
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 [%]: 27.57
Liquidity ratio: 1.05
Return on total capital [%]: 22.25
Balance sheet ratios 02.02.2008 - 31.12.2008
Equity ratio [%]: 9.63
Liquidity
ratio: 0.66
Return on total capital [%]: 8.69
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 1,410,806.84
Fixed assets
EUR 88,951.00
Tangible assets
EUR 88,951.00
Other
/ unspecified tangible assets EUR 88,951.00
Current assets
EUR 1,231,051.64
Stocks
EUR 407,189.50
Accounts receivable
EUR 570,816.31
Other debtors and assets
EUR 570,816.31
Liquid means
EUR 253,045.83
Remaining other assets
EUR 90,804.20
Accruals (assets)
EUR 90,804.20
LIABILITIES EUR 1,410,806.84
Shareholders' equity
EUR 388,908.86
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 363,908.86
Profit / loss brought forward
EUR 50,000.00
Annual surplus / annual deficit
EUR 313,908.86
Provisions EUR 222,638.00
Liabilities
EUR 799,259.98
Other liabilities
EUR 799,259.98
Unspecified other liabilities
EUR 799,259.98
Type
of balance
sheet: Company balance sheet
Financial year: 02.02.2008 - 31.12.2008
ASSETS EUR 2,660,237.13
Fixed assets
EUR 33,053.00
Tangible assets EUR 33,053.00
Current assets
EUR 2,537,477.67
Stocks
EUR 1,099,278.00
Accounts receivable
EUR 1,400,045.20
Liquid means
EUR 38,154.47
Remaining other assets
EUR 89,706.46
Accruals (assets)
EUR 89,706.46
LIABILITIES EUR 2,660,237.13
Shareholders' equity
EUR 256,291.56
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 231,291.56
Annual surplus / annual deficit
EUR 231,291.56
Provisions
EUR 246,922.54
Liabilities
EUR 2,157,023.03
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.32 |
|
UK Pound |
1 |
Rs.77.96 |
|
Euro |
1 |
Rs.65.30 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.